Author Topic: The Economy is Going to Implode  (Read 22877 times)

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charlesoakwood

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Re: The Economy is Going to Implode
« Reply #40 on: March 28, 2013, 11:37:12 AM »
Why is the market hitting highs?

The Fed, of course!  Ctrl-P to infinity, and beyond!

 ::popcorn::

And on that note . . .

http://www.zerohedge.com/news/2013-03-27/guest-post-sane-person-ought-consider-these-important-lessons

http://www.gutenberg.org/files/6949/6949-h/6949-h.htm#2H_FOOT
Click select all, copy and paste to word pad or your word processor of choice and save.

Offline Weisshaupt

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Re: The Economy is Going to Implode
« Reply #41 on: March 29, 2013, 09:50:46 AM »
Sowell on Cyprus

Quote
One of the big differences between the United States and Cyprus is that the U.S. government can simply print more money to get out of a financial crisis. But Cyprus cannot print more euros, which are controlled by international institutions.

Does that mean that Americans’ money is safe in banks? Yes and no. The U.S. government is very unlikely to just seize money wholesale from people’s bank accounts, as is being done in Cyprus. But does that mean that your life savings are safe? No. There are more sophisticated ways for governments to take what you have put aside for yourself and use it for whatever politicians feel like using it for. If they do it slowly but steadily, they can take a big chunk of what you have sacrificed for years to save before you are even aware, much less alarmed.

Of course, that assumes that this administration wants to keep things as stable as possible and not stick thier finger in the eye of the American people, you know, because they have an excuse to do so.  They have already floated the idea of "privatizing" Social Security by forcing all IRAs into you SS "account"  which of course won't ever be available to you as anything other than an annuity, that starts when you are 78.

They probably  won't outright "tax" the wealth in bank accounts. The Scum marxists in this country have such mega egos they always have to be able to couch thier thefts, murders, and rapes in nicer terms.




« Last Edit: March 29, 2013, 09:54:13 AM by Weisshaupt »

Offline Libertas

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Re: The Economy is Going to Implode
« Reply #42 on: March 29, 2013, 11:20:10 AM »
As long as the printers keep churning out fiat we have been and continue to be robbed blind every second of every day.  Sowell makes good points, but applying the word "unlikely" to the type of asshats running things now here at home is not advisable.
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charlesoakwood

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Re: The Economy is Going to Implode
« Reply #43 on: May 03, 2013, 02:53:07 PM »

HFT, amazing.

http://www.zerohedge.com/news/2013-05-03/what-half-second-trading-looks-todays-market

Nanex ~ Order Routing Animation ~ 02-May-2013 ~ JNJ

It speaks of jamming J&J but I can't find it. 
Or are all of the trades expressed for J&J?

Offline Libertas

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Re: The Economy is Going to Implode
« Reply #44 on: May 05, 2013, 01:25:46 PM »
Looks like a global nuclear exchange and everybody but J&J is moving at warp speed, clear indication that the inside players are using overpowering digital power to profit from speculation on every legitimate trade.  If that isn't smoking gun evidence of market manipulation then I have a bridge spanning two NYC burroughs for sale.
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Offline Glock32

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Re: The Economy is Going to Implode
« Reply #45 on: May 05, 2013, 04:59:25 PM »
Nothing is real. It's all an elaborate fiction. The firms who run these high frequency trading algorithms, they even go so far as to put their data centers as physically close to the trading floor as possible because having just a few nanoseconds shaved off the data transmission time gives them an advantage over the other HFTs.

It's definitely nothing like my 9th grade civics class where every student bought pretend stock and tracked it throughout the semester. The individual is nobody.
"The Fourth Estate is less honorable than the First Profession."

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Offline Weisshaupt

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Re: The Economy is Going to Implode
« Reply #46 on: May 09, 2013, 09:53:16 AM »
It might be all Gold-bug hype , but it would appear the physical Gold market is squeezing the COMEX towards default

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FACT #2: One of the largest European banks, ABN Amro, defaulted on their gold contracts and informed their clients that they would only settle their gold bullion contracts in cash and not in physical. So much for the supposed legality of financial contracts as a “binding” contract. So whether Fact #1 caused Fact #2 or vice versa is irrelevant. What IS apparent is that the level of trust in bankers to safekeep physical gold and physical silver is disappearing, as it should be, and as it should have already been for years now. But truth always takes some time to catch up to banker spread lies and that is what is happening now. I have been warning people never to trust bankers in deals involving gold and silver for years now, as in this article I wrote nearly four years ago informing the public that the SLV and GLD are likely a banker invented scam as well.

One of the comments I think is spot on.

Quote
goldenkrab says:
May 9, 2013 at 7:51 am
What is happening now is that the banks knew they didn’t have the bullion they were supposed to be holding in safekeeping for their clients. So in order to settle the accounts, they told their clients they would only settle in cash to clear the account. well if they drove down the price of gold and then settled the accounts how much money do they save. once they clear the majority of accounts with cash and get the bullion calls off their books, they will let the price semi-float again to lessen the overall demand.

this is a clearing mechanism to save the big banks money and it seems to be working …. for them now.

it could also backfire, if enough people start suing for the bullion they have stored and all the storage fees charged.

we’ll see.

Offline Libertas

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Re: The Economy is Going to Implode
« Reply #47 on: May 09, 2013, 10:17:38 AM »
Caught with their rehypothication in the zipper.  Yeah, that's a shame...

BURN!!!
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Offline Weisshaupt

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Re: The Economy is Going to Implode
« Reply #48 on: May 09, 2013, 10:33:17 AM »
Like the precincts that voted  100%   for Obama, The Banks aren't even trying to hide the sham anymore

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Earlier it was Bank of America reporting a perfect trading quarter, with profitability on 60 out of 60 trading days, and now it is JPMorgan's turn. Moments ago, Jamie Dimon's firm filed a 10-Q in which, among other things, it announced than in the quarter ended March 31, it was profitable on 63 out of 63 trading days and had one day in which it gained more than $200 million, or said simply another case of trading perfection unmatched anywhere in the known universe except perhaps by sellers of newsletters on Twitter. It was not immediately clear why JPM got a freebie of three extra profitable trading days in the quarter compared to BofA, although we suspect Jamie Dimon's presidential cufflinks may have something to do with it. What is clear is that the probability of one firm trading without error for an entire quarter, let alone two (and soon more as other banks file their 10-Qs) is slim to quite slim. Although not nearly as slim as whoever the hot chick is on Dancing with the Stars this season, which we are confident is the only thing the bulk of the population cares about. For everyone else, there's E(rror free)-trade.

Because the Casino Owner ALWAYS makes a profit- because all games are designed to pay over time  to the house.


But don't take my word for it, listen to Dallas Fed head Richard Fisher

Quote
when Santelli asks him  about the Fed's exit that things get a little uncomfortable, "no central bank anywhere on the planet has the experience of successfully navigating a return home from the place in which we now find ourselves." When pressed he exposes the flaw (much to the chagrin of Kuroda and Bernanke we suspect), "somewhere we have to have practical limits as to where we can build the balance sheet. We're moving in the direction of a $4 trillion balance sheet. We know we can't go on forever."

Critically, much as we have pointed out numerous times, Fisher reminds his audience that, "[the Fed] is buying a little more than 90% of new gross mortgage backed security issuance," and it is there that Mr. Fisher explains his preference for tapering the MBS purchases since "we have had a rebound in housing."

Sorry CO.  The Point of No return has been reached. Even if we were suddenly free and secure and able to produce without the weight of the bureaucracy , the FEDERAL RESERVE has no idea how to stabilize the currency we use for such transactions. Someone. Somewhere. Doesn't. Get. Paid.  A partial default is inevitable. Either Social Security and Medicare are effectively abolished,  the Foreign Debt is reneged on causing worldwide dollar dumping, or the dollar is inflated to worthlessness. The Dollar itself is locked into a death spiral  which no politician, banker, economist or bureaucrat can stop.

Offline Libertas

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Re: The Economy is Going to Implode
« Reply #49 on: May 09, 2013, 10:46:08 AM »
Yes, the sheer size of the debt ensures whole institutions (especially those pyramid schemes fraudently sold from inception!) will disappear and entire swaths of wealth will be nationalized (that would be stolen for the lay reader) and just about anything will cause the currency wars to go nuclear and nobody is going to win that war.  The global collapse is going to be epic...biblical even...and it is very likely that real shooting wars and civil wars will ravage the planet...

All I know is I come across anybody asking "Who did this?" or "Why did this happen?" or utter any other unsane remark will have self-identified themselves for immediate removal from what is left of the gene pool!
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #50 on: May 23, 2013, 07:48:14 AM »
Call it "the Bernanke effect"...scare them into demanding for pump-priming...

http://www.cnbc.com/id/100760902

I'm sure the bogus claim numbers and such will stem some of the hemorrhaging...and Saint Ben will ride to the rescue with more market-stabilizing  ::hysterical:: heroics!
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Online ToddF

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Re: The Economy is Going to Implode
« Reply #51 on: May 23, 2013, 08:12:30 AM »
Funny, Japan going Full Retard is imploding in their faces.  I always saw this as an admission that their people are no longer buying up all the debt Japan is issuing.  It sure didn't take long for it to start unraveling.

7.3% in one day.  Pump baby, pump.

Offline Libertas

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Re: The Economy is Going to Implode
« Reply #52 on: May 28, 2013, 06:49:48 AM »
Fed gonna pump the market today baby!

On a more serious note...one of the better lists of why the Obama must and will hit the fan -

http://www.zerohedge.com/news/2013-05-27/40-frightening-facts-fall-us-economy

Keep in mind though most if not all of this was planned by Big Government forces with many "d's" and quite a number of "r's" after their nefarious names!

History will not be kind to perpetrators or lemmings!
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Offline Weisshaupt

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Re: The Economy is Going to Implode
« Reply #53 on: May 28, 2013, 10:48:18 AM »
Fed gonna pump the market today baby!

On a more serious note...one of the better lists of why the Obama must and will hit the fan -

http://www.zerohedge.com/news/2013-05-27/40-frightening-facts-fall-us-economy

Keep in mind though most if not all of this was planned by Big Government forces with many "d's" and quite a number of "r's" after their nefarious names!

History will not be kind to perpetrators or lemmings!

Wow, the trolls are out in that comments section. Lot of interesting ones though..

Offline Libertas

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Re: The Economy is Going to Implode
« Reply #54 on: May 28, 2013, 11:29:56 AM »
Doesn't take much most days...
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Offline Weisshaupt

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Re: The Economy is Going to Implode
« Reply #55 on: May 29, 2013, 10:13:04 AM »
Sallie Mae "Firewalls" student debt
Nothing to see here. Move along.

Quote
new jcaz

Oh look- they think of themselves as "a business"-

That's so precious.....


Don't worry kids, all will be forgiven



charlesoakwood

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Re: The Economy is Going to Implode
« Reply #56 on: May 29, 2013, 10:53:47 AM »

A sly way, those dimmies did, to extend compulsory education.

Offline Libertas

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Re: The Economy is Going to Implode
« Reply #57 on: May 29, 2013, 11:44:25 AM »
Why do we choose to pay taxes?  Yes, I do mean choose!

http://itsaboutliberty.com/index.php/topic,8291.new.html
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #58 on: June 05, 2013, 06:55:19 AM »
Hindenburg Cluster - http://www.zerohedge.com/news/2013-06-04/hindenburg-cluster-2nd-omen-3-days

OK, now does the Kabuki market react as in the past or have additional puppet strings altered fate?

Either way...whatever...

Cluster away!
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #59 on: June 07, 2013, 06:55:11 AM »
More good news...(well, the guy is from the "Economic Collapse blog!), but still, some sobering numbers...combined with the Hinderburg Cluster and recent market melt...we could be in for a dip.

http://www.zerohedge.com/news/2013-06-06/12-clear-signals-us-economy-about-really-slow-down

On the positive side maybe gas prices will dip too?!
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