Friday, October 31, 2008
JAPAN DESPERATE TO DEVALUE YEN...!!
BUT IT WON'T WORK...
THE GLOBAL BUBBLES ARE OVER... THE CARRY TRADE IS TOAST!
THE YEN IS JUST ANOTHER STRONG EXPORT ORIENTED CURRENCY NOW...
THE GLOBAL BUBBLES ARE OVER... THE CARRY TRADE IS TOAST!
THE YEN IS JUST ANOTHER STRONG EXPORT ORIENTED CURRENCY NOW...
ARAB TERRORISTS SUPPORT MCCAIN FOR PRESIDENT!!
ONLY MCCAIN CAN CONTINUE THE BUSH POLICIES THAT OSAMA AND RADICAL ISLAMISTS HAVE GROWN TO LOVE SO MUCH...
AMERICA, "IN THE DITCH", AT HOME AND ABROAD...!!
OSAMA SAYS: "VOTE MCCAIN!!"
AMERICA, "IN THE DITCH", AT HOME AND ABROAD...!!
OSAMA SAYS: "VOTE MCCAIN!!"
MCCAIN CAMPAIGN DEGENERATES INTO A FREAK SHOW!
FIRST, THERE WAS:
JOHN, THE UNSTABLE ANGER MANAGEMENT GUY. A/K/A "THE MAVERICK?"
AND JOE, THE ZIONIST SENATOR AND ISRAELI LOBBY.
THEN:
SARAH, THE "CREATIONIST" WHACK JOB.
WHO "ENERGIZED" THE "JESUS FREAK" BASE OF THE REPUBLICAN "WALL STREET CONSPIRACY."
THEN, CINDY, THE ANOREXIC PILL POPPER.
THEN, JOE, THE PLUMBER... THE WORLD'S FIRST "PENNILESS MILLIONAIRE"
FINALLY,
TITO, THE BUILDER. A "MYSTERY MEXICAN," WHO LIKES TO WEAR SHADES ON TV...AND PROBABLY HAS SOMETHING SERIOUS TO HIDE.
BUT, HAS FOX NEWS, THE FASCISTS, CONVINCED, AMERICANS, THE MORONS,
TO CONTINUE THEIR INEVITABLE DECLINE INTO BEING THE LAUGHING STOCK OF THE WORLD?
I SAY YES!!
MCCAIN HAS A LOCK ON THE WHITE HOUSE NOW!
JOHN, THE UNSTABLE ANGER MANAGEMENT GUY. A/K/A "THE MAVERICK?"
AND JOE, THE ZIONIST SENATOR AND ISRAELI LOBBY.
THEN:
SARAH, THE "CREATIONIST" WHACK JOB.
WHO "ENERGIZED" THE "JESUS FREAK" BASE OF THE REPUBLICAN "WALL STREET CONSPIRACY."
THEN, CINDY, THE ANOREXIC PILL POPPER.
THEN, JOE, THE PLUMBER... THE WORLD'S FIRST "PENNILESS MILLIONAIRE"
FINALLY,
TITO, THE BUILDER. A "MYSTERY MEXICAN," WHO LIKES TO WEAR SHADES ON TV...AND PROBABLY HAS SOMETHING SERIOUS TO HIDE.
BUT, HAS FOX NEWS, THE FASCISTS, CONVINCED, AMERICANS, THE MORONS,
TO CONTINUE THEIR INEVITABLE DECLINE INTO BEING THE LAUGHING STOCK OF THE WORLD?
I SAY YES!!
MCCAIN HAS A LOCK ON THE WHITE HOUSE NOW!
MCCAIN "FREAK SHOW" GETS TRACTION?
IF MCCAIN'S BIZZARO PERSONALITY WAS NOT ENOUGH FOR YOU...
THERE IS ALWAYS CINDY THE PILL POPPER CONSTANTLY HOVERING THREE FEET BEHIND MCCAIN... LIKE SOME KIND OF ANOREXIC VULTURE...!
THEN THERE IS SARAH, "THE CREATIONIST WHACK JOB!"
THEN CAM "JOE THE PLUMBER" WHO WAS REALLY A BUSTED NON-LICENCED "HANDYMAN"...
FINALLY, AS THE LAST STRAW..."TITO THE BUILDER"...A MEXICAN IN SHADES WHO PROBABLY SHOULD BE AWARE OF 'ICE'....
HEEEEERE'S TITO ON THE FOX "FASCIST FREAK SHOW" NETWORK LAST NIGHT!!
THERE IS ALWAYS CINDY THE PILL POPPER CONSTANTLY HOVERING THREE FEET BEHIND MCCAIN... LIKE SOME KIND OF ANOREXIC VULTURE...!
THEN THERE IS SARAH, "THE CREATIONIST WHACK JOB!"
THEN CAM "JOE THE PLUMBER" WHO WAS REALLY A BUSTED NON-LICENCED "HANDYMAN"...
FINALLY, AS THE LAST STRAW..."TITO THE BUILDER"...A MEXICAN IN SHADES WHO PROBABLY SHOULD BE AWARE OF 'ICE'....
HEEEEERE'S TITO ON THE FOX "FASCIST FREAK SHOW" NETWORK LAST NIGHT!!
Thursday, October 30, 2008
LIQUIDITY PANIC RALLY COULD START ANY DAY!!
THERE IS A REAL CHANCE THAT THE MONEY RUNNERS WILL BOLT AFTER NOVEMBER 1ST...
AND START A BUYING PANIC BASED SOLELY ON EXCESS LIQUIDITY...
AFTER ALL THESE MORONS ARE NOT BEING PAID TO SIT ON CASH... THEIR SUCKER CLIENTS COULD DO THAT!!
ONCE THE MOMO GETS STARTED...WITH THE NEW FED MONEY...THINGS COULD GO UP FAST
ALSO BECAUSE OF ALL THE MASS LIQUIDATION RECENTLY... THERE IS A HUGE ABOUT OF MONEY LOOKING TO "INFLATE SOMETHING!"
NO MATTER WHAT HAPPENS IN THE REAL ECONOMY...
REMEMBER....BERNANKE HAS 'BLESSED' SOME KIND OF HYPER INFLATION HERE...WITH ALL HIS "MONEY PRINTING."
HE IS HOPING ITS A RUSH INTO STOCKS AND "ASSETS.".. BUT NOT COMMODITIES...GOD FORBID!!
AND HE COULD GET HIS WISH...
A LIQUIDITY BUYING PANIC IS AT LEAST A 50-50 CHANCE IN NOVEMBER...
BUT THERE IS ALSO A CHANCE THAT THE PANIC BUYING WILL PUSH SOME INVESTORS INTO COMMODITIES...AND THAT WOULD ABORT THE RALLY QUICKLY...
AND START A BUYING PANIC BASED SOLELY ON EXCESS LIQUIDITY...
AFTER ALL THESE MORONS ARE NOT BEING PAID TO SIT ON CASH... THEIR SUCKER CLIENTS COULD DO THAT!!
ONCE THE MOMO GETS STARTED...WITH THE NEW FED MONEY...THINGS COULD GO UP FAST
ALSO BECAUSE OF ALL THE MASS LIQUIDATION RECENTLY... THERE IS A HUGE ABOUT OF MONEY LOOKING TO "INFLATE SOMETHING!"
NO MATTER WHAT HAPPENS IN THE REAL ECONOMY...
REMEMBER....BERNANKE HAS 'BLESSED' SOME KIND OF HYPER INFLATION HERE...WITH ALL HIS "MONEY PRINTING."
HE IS HOPING ITS A RUSH INTO STOCKS AND "ASSETS.".. BUT NOT COMMODITIES...GOD FORBID!!
AND HE COULD GET HIS WISH...
A LIQUIDITY BUYING PANIC IS AT LEAST A 50-50 CHANCE IN NOVEMBER...
BUT THERE IS ALSO A CHANCE THAT THE PANIC BUYING WILL PUSH SOME INVESTORS INTO COMMODITIES...AND THAT WOULD ABORT THE RALLY QUICKLY...
CAN MCCAIN "WIN" WITH LIES AND SMEARS...?
WHAT A FUCKED UP WAY TO START A PRESIDENCY...!!
IT SEEMS IMPOSSIBLE THAT ANYONE WOULD WANT THAT...A WIN BASED ALMOST COMPLETELY ON LIES, SMEARS, VENOM, HATE AND FEAR...!
WHERE DO I "CHECK OUT" OF AMERICA WHEN MCCAIN STARTS RUNNING THINGS IN JANUARY!!
BUT THERE ARE A LOT OF STUPID PEOPLE IN THE US...AS WE ARE GOING TO SEE ON TUESDAY!!
THIS ELECTION IS TOTALLY FUCKED...MAYBE EVEN WORSE THAT THE US ECONOMY!
IT SEEMS IMPOSSIBLE THAT ANYONE WOULD WANT THAT...A WIN BASED ALMOST COMPLETELY ON LIES, SMEARS, VENOM, HATE AND FEAR...!
WHERE DO I "CHECK OUT" OF AMERICA WHEN MCCAIN STARTS RUNNING THINGS IN JANUARY!!
BUT THERE ARE A LOT OF STUPID PEOPLE IN THE US...AS WE ARE GOING TO SEE ON TUESDAY!!
THIS ELECTION IS TOTALLY FUCKED...MAYBE EVEN WORSE THAT THE US ECONOMY!
FED SEEKS NEW BUBBLE...
IF A NEW BUBBLE IS THE SINE QUO NON FOR THE US ECONOMY...?
WHATS THE USE... ? THE US ECONOMY DOES NOT PRODUCE WHAT IT CONSUMES...
SO IT IS TOTALLY DEPENDENT ON THE GENEROSITY OF IT'S "TRADING PARTNERS."
OK...SO BERNANKE GETS THE MARKETS TO RISE A BIT ON MEGA LIQUIDITY...
THEN WHAT...WE START USING STOCKS AS COLLATERAL FOR MORE LOANS...WHICH WE BUNDLE AND SELL TO THE FOREIGN SUCKERS...?
SEE THE PROBLEM...
EVEN IF BERNANKE IS "SUCCESSFUL"...HE IS PUMPING UP AN ECONOMIC MODEL THAT IS DOOMED TO FAIL...
NOW...IF ALL THE LIQUDITY WERE EARMARKED FOR PLANT AND EQUIPMENT...SO THE US COULD START EXPORING GOODS AND SERVICES...
FINE ...I'M A BELEIVER...
BUT TO JUST PUMP UP ASSETS SO WE CAN START BORROWING AND CONSUMING AGAIN...IS SIMPLY NOT SUSTAINABLE...
AND THERE IS VERY VERY LITTLE SENTIMENT ON WALL STREET FOR "BRINGING BACK THE FACTORIES TO THE US...!!"
INDEED...ON THE STREET ALL THEY WANT IS THEIR ASSET BUBBLE BACK...!!
WELL, GOOD LUCK!!
WHATS THE USE... ? THE US ECONOMY DOES NOT PRODUCE WHAT IT CONSUMES...
SO IT IS TOTALLY DEPENDENT ON THE GENEROSITY OF IT'S "TRADING PARTNERS."
OK...SO BERNANKE GETS THE MARKETS TO RISE A BIT ON MEGA LIQUIDITY...
THEN WHAT...WE START USING STOCKS AS COLLATERAL FOR MORE LOANS...WHICH WE BUNDLE AND SELL TO THE FOREIGN SUCKERS...?
SEE THE PROBLEM...
EVEN IF BERNANKE IS "SUCCESSFUL"...HE IS PUMPING UP AN ECONOMIC MODEL THAT IS DOOMED TO FAIL...
NOW...IF ALL THE LIQUDITY WERE EARMARKED FOR PLANT AND EQUIPMENT...SO THE US COULD START EXPORING GOODS AND SERVICES...
FINE ...I'M A BELEIVER...
BUT TO JUST PUMP UP ASSETS SO WE CAN START BORROWING AND CONSUMING AGAIN...IS SIMPLY NOT SUSTAINABLE...
AND THERE IS VERY VERY LITTLE SENTIMENT ON WALL STREET FOR "BRINGING BACK THE FACTORIES TO THE US...!!"
INDEED...ON THE STREET ALL THEY WANT IS THEIR ASSET BUBBLE BACK...!!
WELL, GOOD LUCK!!
BLIND SQUIRREL FINDS NUT!! AND DOW RISES!!
TWO THINGS THAT WERE BOUND TO HAPPEN EVENTUALLY...
BUT DONT GET YOUR HOPES UP FOR A REPEAT PERFORMANCE...
BUT DONT GET YOUR HOPES UP FOR A REPEAT PERFORMANCE...
WILL EURO GO TO PAR...?
IF THE EURO GOES TO 100 ON THE DOLLAR...
I WILL GO 100% INTO THE EURO...AND NEVER LOOK BACK...
I'LL BE POSTING FROM A CAFE IN ROME, OR MAY BE PRAGUE BY THEN...!!
GO BABY GO!! GIVE ME PAR!! PLEEEEASE!!
BECAUSE THIS NEW "STRONG DOLLAR" IS BULLSHIT ON STEROIDS AND EVERYONE KNOWS IT!!
I WILL GO 100% INTO THE EURO...AND NEVER LOOK BACK...
I'LL BE POSTING FROM A CAFE IN ROME, OR MAY BE PRAGUE BY THEN...!!
GO BABY GO!! GIVE ME PAR!! PLEEEEASE!!
BECAUSE THIS NEW "STRONG DOLLAR" IS BULLSHIT ON STEROIDS AND EVERYONE KNOWS IT!!
NOTICE: LATE SELLOFF WILL BE AT 2:45 TODAY NOT 3:45.
NOTE WELL:
THE BIG SELL OFF AT THE END OF THE DAY HAS BEEN MOVED UP TO 2:45....
THE 3:45 SELL OFF IS SIMPLY PASSE FOR THE REST OF THIS MONTH...
WHY WAIT...?
HIT THE SELL BUTTON AHEAD OF EVERYONE ELSE...NOT AFTER THE RUSH FOR THE EXIT HAS STARTED...!
THIS MARKET IS WAY TOO THIN TO RISK WAITING UNTIL THE END OF THE DAY.
THE BIG SELL OFF AT THE END OF THE DAY HAS BEEN MOVED UP TO 2:45....
THE 3:45 SELL OFF IS SIMPLY PASSE FOR THE REST OF THIS MONTH...
WHY WAIT...?
HIT THE SELL BUTTON AHEAD OF EVERYONE ELSE...NOT AFTER THE RUSH FOR THE EXIT HAS STARTED...!
THIS MARKET IS WAY TOO THIN TO RISK WAITING UNTIL THE END OF THE DAY.
NICE COMMODITIES BASH TODAY...
THE FED SHILLS ARE BASHING COMMODITIES AGAIN TODAY... AS THEY MUST FOR THE CURRENT "PLAN" TO WORK...
CLEARLY THE FED FEARS ANY RUSH TO COMMODITIES...BECAUSE IT IS SIMPLY A DOOMSDAY SCENARIO FOR PAPER ASSETS...IN THIS "CASH RICH" ENVIRONMENT...
BUT STILL THEY CAN'T SEEM TO CONVINCE INVESTORS THAT ANOTHER PAPER ASSET BUBBLE IS IMMINENT...OR EVEN POSSIBLE...
THIS HAS A WAYS TO RUN...
THE CENTRAL BANKS WANT THE PAPER BUBBLE BACK... AND THEY WILL DO ANYTHING POSSIBLE TO KEEP MONEY OUT OF COMMODITIES...
BUT REMEMBER, IT WAS THE BIG RUSH TO COMMODITIES LIKE OIL AND GOLD LAST SUMMER THAT CAUSED ALL THE PROBLEMS NOW!!
AND FOR THAT THE CENTRAL BANK WILL NEVER FORGIVE THOSE WHO RUSHED TO GOLD AND OIL...DURING THIS DISMAL SUMMER FOR THE BUBBLE ECONOMY.
CLEARLY THE FED FEARS ANY RUSH TO COMMODITIES...BECAUSE IT IS SIMPLY A DOOMSDAY SCENARIO FOR PAPER ASSETS...IN THIS "CASH RICH" ENVIRONMENT...
BUT STILL THEY CAN'T SEEM TO CONVINCE INVESTORS THAT ANOTHER PAPER ASSET BUBBLE IS IMMINENT...OR EVEN POSSIBLE...
THIS HAS A WAYS TO RUN...
THE CENTRAL BANKS WANT THE PAPER BUBBLE BACK... AND THEY WILL DO ANYTHING POSSIBLE TO KEEP MONEY OUT OF COMMODITIES...
BUT REMEMBER, IT WAS THE BIG RUSH TO COMMODITIES LIKE OIL AND GOLD LAST SUMMER THAT CAUSED ALL THE PROBLEMS NOW!!
AND FOR THAT THE CENTRAL BANK WILL NEVER FORGIVE THOSE WHO RUSHED TO GOLD AND OIL...DURING THIS DISMAL SUMMER FOR THE BUBBLE ECONOMY.
MASSIVE "SIDELINE" CASH WILL RUSH TO GOLD SOON!!
THE HOPE FOR ANOTHER QUICK PAPER ASSET BUBBLE WILL FADE FAST...
THE MASSIVE EXCESS "SIDELINE" CASH WILL RUSH TO COMMODITIES...LIKE GOLD AND OIL SOON.
NO WONDER THE BANKS ARE "HOARDING" THEIR "NEW FED CASH!!" THEY DARE NOT GIVE IT TO "REAL PEOPLE!"
ANY MASS RUSH TO HARD COMMODITIES WILL "FORCE" CENTRAL BANKS TO RAISE RATES "DURING A RECESSION"
IN SHORT, TODAY IT'S 1929....
TOMORROW?
WELCOME TO 1932!!
THE MASSIVE EXCESS "SIDELINE" CASH WILL RUSH TO COMMODITIES...LIKE GOLD AND OIL SOON.
NO WONDER THE BANKS ARE "HOARDING" THEIR "NEW FED CASH!!" THEY DARE NOT GIVE IT TO "REAL PEOPLE!"
ANY MASS RUSH TO HARD COMMODITIES WILL "FORCE" CENTRAL BANKS TO RAISE RATES "DURING A RECESSION"
IN SHORT, TODAY IT'S 1929....
TOMORROW?
WELCOME TO 1932!!
THE CONSEQUENCES OF DELEVERAGING
THE MARKETS ARE DELEVERAGING...AND THAT ESSENTIALLY MEANS GOING FROM PAPER ASSETS TO CASH...
BUT CASH IS A "PAPER ASSET" TOO... CASH IS THE INTERMEDIATE PHASE OF DELEVERAGING.
BASICALLY, AS THE WORLD SELLS OVER-VALUED STOCKS...IT BUYS PAPER MONEY...
TO GET THE BELOVED "PAPER ASSET INFLATION" BACK ....CENTRAL BANKS AND THE FED ARE FLOODING THE WORLD WITH NEW PAPER MONEY...A/K/A "LIQUIDITY."
BUT THEY SEEM TO BE PUSHING ON A STRING AT THIS POINT...
AFTER ALL, IF PAPER ASSETS WERE GROSSLY OVERVALUED...WHY WOULD INVESTORS WANT TO GO BACK TO PAPER ASSETS NOW...?
WORSE YET...
THOSE OVERVALUED PAPER ASSETS WERE "USED" AS COLLATERAL FOR MASSIVE DEBT AND BORROWING BY THE PUBLIC...SOME OF WHICH WAS VERY SUB-PRIME AT THE END OF THE BUBBLE DAZE.
IT IS THIS FALSE COLLATERAL ... AGAINST VERY REAL DEBT THAT IS CAUSING THE PROBLEM.
THE DEBTS ARE STILL WITH US...!!
BUT THE UNDERLYING VALUE OF THE PAPER ASSET "BUBBLE" COLLATERAL IS GONE...!!
SO WHAT TO DO... ?
IF YOU PRINT MONEY...THE DEBT SHOULD EVENTUALLY BE "EASIER" TO REPAY...BUT THIS IS CALLED INFLATION... OR EVEN HYPER-INFLATION IN ITS TOXIC FORM...
WHAT THE FED SEEMS TO WANT IS TO REFLATE THE PAPER ASSETS BEFORE THE INFLATION STARTS UP.... IN THE FORM OF A WEAKER DOLLAR...
BUT THE DOLLAR IS JOINED AT THE HIP WITH COMMODITIES EVEN NOW!
AS THE DOLLAR STRENGTHENS ON THIS "LIQUIDATION DEMAND" FOR CASH...COMMODITIES HAVE FALLEN...OIL AND GOLD ARE PLUNGING...
BUT NOW THE WORLD IS NOW AWASH IN CASH...!!
WHERE WILL THAT CASH GO NEXT...THAT IS THE REAL QUESTION?
WILL IT GO BACK INTO PAPER ASSETS AS THE FED HOPES...AND START A NEW BUBBLE?
OR WILL IT GO INTO COMMODITIES ...AS WOULD BE THE CASE IN A HYPER-INFLATION...
WILL THERE BE TIME TO "SOP UP" THE EXCESSES BEFORE INFLATION KICKS IN...?
MY HUNCH IS THAT THE EXCESS CASH FROM:
1. THE LIQUIDATION FRENZY, AND
2. THE CENTRAL BANKS PRINTING PRESS....WILL GO TO COMMODITIES AND OTHER HARD ASSETS...
AT THE END OF A PAPER BUBBLE PEOPLE WILL BE RELUCTANT TO GO "BACK TO PAPER" SO SOON...
WE ALREADY SEE GOLD AND OIL RISING PERIODICALLY INTERDAY... EVEN AS THE 4:45 CASH LIQUIDATIONS CONTINUE...
RIGHT NOW...$1000 GOLD AND $100 OIL WOULD BE A DISASTER FOR THE WORLD ECONOMY AND FOR THE CENTRAL BANKS...
IT WOULD ESSENTIALLY STOP THE GLOBAL ECONOMY IN IT'S TRACKS...
BUT THAT IS EXACTLY WHERE THE FED IS PUSHING THE ECONOMY WITH IT'S MASSIVE PRINTING OF MONEY...
ANY UP TICK IN GOLD OR OIL...PERHAPS MORPHING INTO A MOMO PLAY... WOULD SIGNAL THE ULTIMATE CENTRAL BANK CATCH-22...
THE NEED TO RISE RATES INSIDE OF A RECESSION...!
THUS CAUSING THE EXACT 1932 SITUATION THAT THEY WANT TO AVOID...
THERE IS A BIZARRE NOTION IN THE MEDIA THAN 1932 WAS "JUST A MISTAKE" BY THE FED AND THE WORLD CENTRAL BANKS... THEY WERE STUPID IN EFFECT!
THIS ASSUMES THAT WE "KNOW MORE" NOW ...THAN THEY DID THEN... THIS IS TOTALLY FALSE...
EVERYTHING WE "KNOW" TODAY WAS KNOWN IN 1932...
IN 1932, THEY DID WOULD THEY HAD TO DO...AND THE DEPRESSION WORSENED... MY HUNCH IS THAT WE ARE IN THE SAME POSITION TODAY...
EVENTUALLY, THE FED WILL "CAUSE A DEPRESSION"...SIMPLY BY TRYING TO AVOID ONE!
THAT IS THE GREAT PARADOX OF THE DISMAL SCIENCE...
THERE NEVER IS A "FREE LUNCH"...
NOT THEN, AND NOT NOW.
BUT CASH IS A "PAPER ASSET" TOO... CASH IS THE INTERMEDIATE PHASE OF DELEVERAGING.
BASICALLY, AS THE WORLD SELLS OVER-VALUED STOCKS...IT BUYS PAPER MONEY...
TO GET THE BELOVED "PAPER ASSET INFLATION" BACK ....CENTRAL BANKS AND THE FED ARE FLOODING THE WORLD WITH NEW PAPER MONEY...A/K/A "LIQUIDITY."
BUT THEY SEEM TO BE PUSHING ON A STRING AT THIS POINT...
AFTER ALL, IF PAPER ASSETS WERE GROSSLY OVERVALUED...WHY WOULD INVESTORS WANT TO GO BACK TO PAPER ASSETS NOW...?
WORSE YET...
THOSE OVERVALUED PAPER ASSETS WERE "USED" AS COLLATERAL FOR MASSIVE DEBT AND BORROWING BY THE PUBLIC...SOME OF WHICH WAS VERY SUB-PRIME AT THE END OF THE BUBBLE DAZE.
IT IS THIS FALSE COLLATERAL ... AGAINST VERY REAL DEBT THAT IS CAUSING THE PROBLEM.
THE DEBTS ARE STILL WITH US...!!
BUT THE UNDERLYING VALUE OF THE PAPER ASSET "BUBBLE" COLLATERAL IS GONE...!!
SO WHAT TO DO... ?
IF YOU PRINT MONEY...THE DEBT SHOULD EVENTUALLY BE "EASIER" TO REPAY...BUT THIS IS CALLED INFLATION... OR EVEN HYPER-INFLATION IN ITS TOXIC FORM...
WHAT THE FED SEEMS TO WANT IS TO REFLATE THE PAPER ASSETS BEFORE THE INFLATION STARTS UP.... IN THE FORM OF A WEAKER DOLLAR...
BUT THE DOLLAR IS JOINED AT THE HIP WITH COMMODITIES EVEN NOW!
AS THE DOLLAR STRENGTHENS ON THIS "LIQUIDATION DEMAND" FOR CASH...COMMODITIES HAVE FALLEN...OIL AND GOLD ARE PLUNGING...
BUT NOW THE WORLD IS NOW AWASH IN CASH...!!
WHERE WILL THAT CASH GO NEXT...THAT IS THE REAL QUESTION?
WILL IT GO BACK INTO PAPER ASSETS AS THE FED HOPES...AND START A NEW BUBBLE?
OR WILL IT GO INTO COMMODITIES ...AS WOULD BE THE CASE IN A HYPER-INFLATION...
WILL THERE BE TIME TO "SOP UP" THE EXCESSES BEFORE INFLATION KICKS IN...?
MY HUNCH IS THAT THE EXCESS CASH FROM:
1. THE LIQUIDATION FRENZY, AND
2. THE CENTRAL BANKS PRINTING PRESS....WILL GO TO COMMODITIES AND OTHER HARD ASSETS...
AT THE END OF A PAPER BUBBLE PEOPLE WILL BE RELUCTANT TO GO "BACK TO PAPER" SO SOON...
WE ALREADY SEE GOLD AND OIL RISING PERIODICALLY INTERDAY... EVEN AS THE 4:45 CASH LIQUIDATIONS CONTINUE...
RIGHT NOW...$1000 GOLD AND $100 OIL WOULD BE A DISASTER FOR THE WORLD ECONOMY AND FOR THE CENTRAL BANKS...
IT WOULD ESSENTIALLY STOP THE GLOBAL ECONOMY IN IT'S TRACKS...
BUT THAT IS EXACTLY WHERE THE FED IS PUSHING THE ECONOMY WITH IT'S MASSIVE PRINTING OF MONEY...
ANY UP TICK IN GOLD OR OIL...PERHAPS MORPHING INTO A MOMO PLAY... WOULD SIGNAL THE ULTIMATE CENTRAL BANK CATCH-22...
THE NEED TO RISE RATES INSIDE OF A RECESSION...!
THUS CAUSING THE EXACT 1932 SITUATION THAT THEY WANT TO AVOID...
THERE IS A BIZARRE NOTION IN THE MEDIA THAN 1932 WAS "JUST A MISTAKE" BY THE FED AND THE WORLD CENTRAL BANKS... THEY WERE STUPID IN EFFECT!
THIS ASSUMES THAT WE "KNOW MORE" NOW ...THAN THEY DID THEN... THIS IS TOTALLY FALSE...
EVERYTHING WE "KNOW" TODAY WAS KNOWN IN 1932...
IN 1932, THEY DID WOULD THEY HAD TO DO...AND THE DEPRESSION WORSENED... MY HUNCH IS THAT WE ARE IN THE SAME POSITION TODAY...
EVENTUALLY, THE FED WILL "CAUSE A DEPRESSION"...SIMPLY BY TRYING TO AVOID ONE!
THAT IS THE GREAT PARADOX OF THE DISMAL SCIENCE...
THERE NEVER IS A "FREE LUNCH"...
NOT THEN, AND NOT NOW.
PALIN AND MCCAIN WILL NEED PSYCHIATRIC HELP AFTER ELECTION!
I CAN NOT IMAGINE MCCAIN OR PALIN GOING "BACK TO NORMAL" AFTER THIS ELECTION.
THEY HAVE REDUCED THEMSELVES TO BARBARIANS...WITH THEIR DESPERATE LIES AND HATE FILLED RHETORIC... NEVER HAVE MAJOR PARTY CANDIDATES RESORTED TO SUCH HATE, BIG LIES AND VENOMOUS CONTEMPT FOR FELLOW AMERICANS... WHAT REPUBLICANS HAVE TRIED TO DO TO OBAMA IS BORDERLINE CRIMINAL ACTION. CALLING A US SENATOR A "TERRORIST"...A "MUSLIM"! INVOKING "SOCIALISM?" WIPING UP HATE AND FEAR ON A MASSIVE SCALE...THROUGH THEIR RUMOR MILL...?
I REALLY THINK THEY HAVE GONE AROUND THE BEND...AND WILL NOT AND SHOULD NOT BE ACCEPTED BACK INTO THE RANKS OF AMERICAN SOCIETY AFTER THIS ELECTION IS OVER.
BOTH MCCAIN AND PALIN WILL LIKELY "NEED HELP" AFTER THE ELECTION.
BUT THEN NEITHER OF THEM WAS "WRAPPED TO TIGHT" EVEN BEFORE THEIR HATEFUL ACTIONS RECENTLY.
THE NIGHTMARE SCENARIO?
MCCAIN WINS BASED ON A "HATE AND FEAR VOTE" ....BUT HE HAS TRASHED THE COUNTRY SO BADLY WITH HIS HATEFUL RHETORIC THAT HE CAN NOT GOVERN! ADDITIONALLY MCCAIN DOES NOT REALLY HAVE ANYTHING TO SAY ABOUT THE CURRENT ECONOMIC CRISIS...OR ANTHING ELSE OF SUBSTANCE.
CURIOUSLY, A NEW PRESIDENT MCCAIN COULD BE AS UNPOPULAR AS DUBYA BEFORE HE IS IN OFFICE!
...BECAUSE SO MANY PEOPLE WILL HAVE VOTED FOR HIM OUT OF FEAR AND HATE...NOT OUT OF HOPE...THAT "BUYERS REMORSE" WILL SET IN VERY QUICKLY...
THEY HAVE REDUCED THEMSELVES TO BARBARIANS...WITH THEIR DESPERATE LIES AND HATE FILLED RHETORIC... NEVER HAVE MAJOR PARTY CANDIDATES RESORTED TO SUCH HATE, BIG LIES AND VENOMOUS CONTEMPT FOR FELLOW AMERICANS... WHAT REPUBLICANS HAVE TRIED TO DO TO OBAMA IS BORDERLINE CRIMINAL ACTION. CALLING A US SENATOR A "TERRORIST"...A "MUSLIM"! INVOKING "SOCIALISM?" WIPING UP HATE AND FEAR ON A MASSIVE SCALE...THROUGH THEIR RUMOR MILL...?
I REALLY THINK THEY HAVE GONE AROUND THE BEND...AND WILL NOT AND SHOULD NOT BE ACCEPTED BACK INTO THE RANKS OF AMERICAN SOCIETY AFTER THIS ELECTION IS OVER.
BOTH MCCAIN AND PALIN WILL LIKELY "NEED HELP" AFTER THE ELECTION.
BUT THEN NEITHER OF THEM WAS "WRAPPED TO TIGHT" EVEN BEFORE THEIR HATEFUL ACTIONS RECENTLY.
THE NIGHTMARE SCENARIO?
MCCAIN WINS BASED ON A "HATE AND FEAR VOTE" ....BUT HE HAS TRASHED THE COUNTRY SO BADLY WITH HIS HATEFUL RHETORIC THAT HE CAN NOT GOVERN! ADDITIONALLY MCCAIN DOES NOT REALLY HAVE ANYTHING TO SAY ABOUT THE CURRENT ECONOMIC CRISIS...OR ANTHING ELSE OF SUBSTANCE.
CURIOUSLY, A NEW PRESIDENT MCCAIN COULD BE AS UNPOPULAR AS DUBYA BEFORE HE IS IN OFFICE!
...BECAUSE SO MANY PEOPLE WILL HAVE VOTED FOR HIM OUT OF FEAR AND HATE...NOT OUT OF HOPE...THAT "BUYERS REMORSE" WILL SET IN VERY QUICKLY...
OBAMA WIN WOULD INSPIRE HOPE...
A WIN BY MCCAIN WOULD BE A DISASTER FOR WALL STREET AND AMERICA IN GENERAL...
CURIOUSLY ONLY THE TERMINALLY STUPID ARE FOR MCCAIN NOW...
THE BAD NEWS IS THAT THERE ARE A HUGE NUMBER OF VERY STUPID PEOPLE IN THE US....THESE ARE THE JOE THE PLUMBER TYPES...AND PEOPLE WHO SHOW UP AT PALIN RALLIES... THEY REALLY ARE NOT THINKING STRAIGHT...AND EVERYONE KNOWS IT.
PERHAPS THERE ARE ENOUGH OF THEM TO ELECT MCCAIN...IF THE STARS LINE UP ON ELECTION DAY.
MY HUNCH IS THAT THE PLUNGE IN STOCKS WILL REVERSE AFTER THE ELECTION OF OBAMA...NEXT WEEK.
THERE WILL BE A SENSE THAT SOMETHING NEW IS COMING...
THE BULLSHIT ABOUT A CRASH BY KUDLOW & CO....CAN BE DISCOUNTED... THEY'D FOLLOW THE GOSPEL OF PERSONAL GREED TO THE GATES OF HELL...
FOX NEWS HAD BETTER WATCH IT DOES NOT LAPSE INTO TREASON AND SEDITION AFTER THE OBAMA WIN...THERE ARE LIMITS TO FREE SPEECH...AND FOX HAD BETTER REALIZE THAT..!
FURTHER, I FEAR THAT FOX NEWS HAS BRAINWASHED A VERY LARGE NUMBER OF STUPID AMERICANS INTO A CONSERVATIVE CREED OF HATE, FEAR AND GREED...
AND THAT SOME KIND OF UNFORTUNATE ACTION MIGHT BE EXPECTED AFTER THE ELECTION OF OBAMA... FROM THESE DELUDED AND FEEBLE MINDED FOX NEWS VIEWERS... WE SHALL SEE...
THE GOLDEN AGE OF WALL STREET SEEMS TO BE OVER FOR A LONG LONG TIME...
AND PERHAPS THE REPUBLICAN GOSPEL OF HATE, FEAR AND GREED IS AT AN END AS WELL.
THE DAMAGE WAS GREAT...BUT IT APPEARS THAT THE DOLLAR STILL HAS SOME VALUE TO FOREIGNERS...AND OBAMA AND THE DEMOCRATS CAN TAKE THAT AND RUN WITH IT...
OBAMA WILL BE A PRAGMATIST...
MCCAIN JUST ANOTHER IDEOLOGUE...FOR THE HERESY OF FREE TRADE AND THE GOSPEL OF GREED, HATE AND FEAR...
AT SOME POINT EVERY THEORY HAS TO ACTUALLY "WORK" IN PRACTICE... MCCAIN'S MANTRAS AND DOGMA WOULD DOOM THE US ECONOMY.
CURIOUSLY ONLY THE TERMINALLY STUPID ARE FOR MCCAIN NOW...
THE BAD NEWS IS THAT THERE ARE A HUGE NUMBER OF VERY STUPID PEOPLE IN THE US....THESE ARE THE JOE THE PLUMBER TYPES...AND PEOPLE WHO SHOW UP AT PALIN RALLIES... THEY REALLY ARE NOT THINKING STRAIGHT...AND EVERYONE KNOWS IT.
PERHAPS THERE ARE ENOUGH OF THEM TO ELECT MCCAIN...IF THE STARS LINE UP ON ELECTION DAY.
MY HUNCH IS THAT THE PLUNGE IN STOCKS WILL REVERSE AFTER THE ELECTION OF OBAMA...NEXT WEEK.
THERE WILL BE A SENSE THAT SOMETHING NEW IS COMING...
THE BULLSHIT ABOUT A CRASH BY KUDLOW & CO....CAN BE DISCOUNTED... THEY'D FOLLOW THE GOSPEL OF PERSONAL GREED TO THE GATES OF HELL...
FOX NEWS HAD BETTER WATCH IT DOES NOT LAPSE INTO TREASON AND SEDITION AFTER THE OBAMA WIN...THERE ARE LIMITS TO FREE SPEECH...AND FOX HAD BETTER REALIZE THAT..!
FURTHER, I FEAR THAT FOX NEWS HAS BRAINWASHED A VERY LARGE NUMBER OF STUPID AMERICANS INTO A CONSERVATIVE CREED OF HATE, FEAR AND GREED...
AND THAT SOME KIND OF UNFORTUNATE ACTION MIGHT BE EXPECTED AFTER THE ELECTION OF OBAMA... FROM THESE DELUDED AND FEEBLE MINDED FOX NEWS VIEWERS... WE SHALL SEE...
THE GOLDEN AGE OF WALL STREET SEEMS TO BE OVER FOR A LONG LONG TIME...
AND PERHAPS THE REPUBLICAN GOSPEL OF HATE, FEAR AND GREED IS AT AN END AS WELL.
THE DAMAGE WAS GREAT...BUT IT APPEARS THAT THE DOLLAR STILL HAS SOME VALUE TO FOREIGNERS...AND OBAMA AND THE DEMOCRATS CAN TAKE THAT AND RUN WITH IT...
OBAMA WILL BE A PRAGMATIST...
MCCAIN JUST ANOTHER IDEOLOGUE...FOR THE HERESY OF FREE TRADE AND THE GOSPEL OF GREED, HATE AND FEAR...
AT SOME POINT EVERY THEORY HAS TO ACTUALLY "WORK" IN PRACTICE... MCCAIN'S MANTRAS AND DOGMA WOULD DOOM THE US ECONOMY.
ASIA DEVALUES CURRENCIES !!
WE ARE IN THE AGE OF MASS COMPETITIVE DEVALUATIONS...
THIS IS THE NEXT PHASE OF THE COLLAPSE...
THIS IS THE NEXT PHASE OF THE COLLAPSE...
Wednesday, October 29, 2008
SELL ANY FED RALLY...!! THE HEDGE FUNDS WILL!!
ATTEMPTS TO GET THE RETAIL SUCKERS BACK IN THE MARKET ARE NOT GOING TO WORK...
HEDGIES HAD BEST TAKE THE MONEY AND RUN TODAY...
I EXPECT A BIG SELL OFF AT THE END OF THE DAY...
THE FED STATEMENT WAS "DOOMSDAY" INCARNATE...HOW THAT IS A "BUY" IS A MYSTERY.
HEDGIES HAD BEST TAKE THE MONEY AND RUN TODAY...
I EXPECT A BIG SELL OFF AT THE END OF THE DAY...
THE FED STATEMENT WAS "DOOMSDAY" INCARNATE...HOW THAT IS A "BUY" IS A MYSTERY.
FED PANICS...BERNANKE HITS "DOOMSDAY BUTTON!"
THE NOTION THAT YOU HAVE TO RE-START THE ASSET BUBBLE BEFORE YOU CAN RE-START THE CONSUMER IS THE FALLACY...
THE RATE CUT TODAY WILL DEVASTATE CD's AND SAVERS...BUT SAVERS WILL NOT GO BACK INTO ASSET SPECULATION UNDER ANY CIRCUMSTANCES...
THE FED JUST REMOVED MASSIVE AMOUNTS OF MONEY FROM THE BANK ACCOUNTS AND CD's OF AMERICAN SAVERS!
STILL, THE SUB-PRIMES AND ASSET SPECULATORS ARE AWOL FOR THE DURATION OF THIS DEPRESSION...
THEY MIGHT AS WELL GO TO ZERO...AND HOPE FOR A CARRY TRADE IN THE DOLLAR!
THE RATE CUT TODAY WILL DEVASTATE CD's AND SAVERS...BUT SAVERS WILL NOT GO BACK INTO ASSET SPECULATION UNDER ANY CIRCUMSTANCES...
THE FED JUST REMOVED MASSIVE AMOUNTS OF MONEY FROM THE BANK ACCOUNTS AND CD's OF AMERICAN SAVERS!
STILL, THE SUB-PRIMES AND ASSET SPECULATORS ARE AWOL FOR THE DURATION OF THIS DEPRESSION...
THEY MIGHT AS WELL GO TO ZERO...AND HOPE FOR A CARRY TRADE IN THE DOLLAR!
PALIN: MAVERICK, or OUT OF CONTROL WHACK JOB!
WELL IT LOOKS LIKE WE ARE EXCHANGING DUBYA'S DULL-NORMAL STUPIDITY....
FOR A WHACK JOB WHITE HOUSE WITH MCCAIN'S OVER THE TOP SARCASM...AND UNSTABLE TEMPER TANTRUMS...
AND SARAH'S OUT OF CONTROL DIVA...PERSONALITY PROBLEMS...
AND REMEMBER SHE SEES HERSELF AS "HARRY TRUMAN" IN MCCAIN'S "F.D.R. OLD MAN" PRESIDENCY...!
THAT ALONE IS SCARY!!
FOR A WHACK JOB WHITE HOUSE WITH MCCAIN'S OVER THE TOP SARCASM...AND UNSTABLE TEMPER TANTRUMS...
AND SARAH'S OUT OF CONTROL DIVA...PERSONALITY PROBLEMS...
AND REMEMBER SHE SEES HERSELF AS "HARRY TRUMAN" IN MCCAIN'S "F.D.R. OLD MAN" PRESIDENCY...!
THAT ALONE IS SCARY!!
WILL OBAMA "FAIRY TALE" END BADLY...?
I THINK IT WILL...
MCCAIN WILL SURGE IN THE POLLS WITHIN HOURS OF THE ELECTION...
BECAUSE THIS NOTION OF A SOCIALLY PROGRESSIVE "LIBERAL AND LOGICAL" AMERICA IS A PIPE DREAM! IT JUST CAN'T AND WON'T HAPPEN!! IT SIMPLY WILL NOT BE ALLOWED BY THE ELITES!
THE TYPICAL WHITE "BUBBA" STUPID VOTER WILL SIMPLY NOT VOTE FOR OBAMA FOR ANY NUMBER OF REASONS...
MCCAIN WILL WIN THE ELECTION... THE UPSET WILL BE STUNNING...
MCCAIN WILL BE ADRIFT...AND AS CLUELESS AS DUBYA ABOUT WHAT TO DO NEXT...
BUT THEN... THE HYPER-DEMOCRATIC CONGRESS WILL PROVIDE HIM WITH "OFFERS HE CAN'T REFUSE"...
AMERICAN INTELLECTUALS AND PROGRESSIVES WILL SIMPLY DEMAND THAT MCCAIN DO THE RIGHT THING...
THE MCCAIN BUBBA BASE IS CONFUSED AND ANGRY...THEY NEED A DEMOCRATIC PRESIDENT BUT THEY CAN'T BRING THEMSELVES TO ACTUALLY VOTE FOR ONE!!
MCCAIN COULD EVEN COME OUT FOR SINGLE PAYER HEALTH CARE IF THE CRISIS DEEPENS...AS IT ALMOST SURELY WILL... (REMEMBER HOW ONLY NIXON COULD "GO TO CHINA!)
MCCAIN WILL BE VERY INTERESTING AS PRESIDENT...HE WILL REALLY BE A PRISONER AND A HOSTAGE OF EVENTS AND GRIM REALITY...
ODDLY THAT IS A ROLE THAT HE IS USED TO IN MANY WAYS...
ANOTHER 300 POINT PLUNGE AT 3:30PM....?
IT WOULD SEEM LOGICAL...
THE MEGA-SHORT RALLY YESTERDAY...COUPLED WITH THE USUAL "SELL THE NEWS" DROP AFTER RECENT FED MEETINGS...
FURTHER THE NOTION OF 1% FED FUNDS IS STARTING TO GET A "RUNNING OUT OF BULLETS" ARGUMENT GOING...
WHAT NEXT...?
THAT WILL BE THE QUESTION OF THE DAY AFTER 2PM...
AND THE ANSWER IS: FAITH AND PRAYER!
PERHAPS GOOD FOR MCCAIN AND PALIN...BUT NOT REALLY A TACTIC FOR DAY TRADERS...
THE MEGA-SHORT RALLY YESTERDAY...COUPLED WITH THE USUAL "SELL THE NEWS" DROP AFTER RECENT FED MEETINGS...
FURTHER THE NOTION OF 1% FED FUNDS IS STARTING TO GET A "RUNNING OUT OF BULLETS" ARGUMENT GOING...
WHAT NEXT...?
THAT WILL BE THE QUESTION OF THE DAY AFTER 2PM...
AND THE ANSWER IS: FAITH AND PRAYER!
PERHAPS GOOD FOR MCCAIN AND PALIN...BUT NOT REALLY A TACTIC FOR DAY TRADERS...
OUR BIG BIG BUBBLE....(NOW ENDING)
THE P/E RATIO SHOULD ALWAYS BE AROUND 10 ON AVERAGE... 20 IS WAY TOO HIGH...
IN THE PRE-WAR YEARS STOCKS ALWAYS PAID DIVIDENDS... WHY BUY A STOCK WITHOUT A DIVIDEND....? IT'S A PURE SPECULATION...!!
WE ARE SLOWLY RELEARNING THE WISDOM OF THE 1930'S.... DEMAND DIVIDENDS! NOT BULLSHIT!
THAT IS THE TAKE AWAY FROM THIS ARTICLE IN THE TITLE LINK...
IN THE PRE-WAR YEARS STOCKS ALWAYS PAID DIVIDENDS... WHY BUY A STOCK WITHOUT A DIVIDEND....? IT'S A PURE SPECULATION...!!
WE ARE SLOWLY RELEARNING THE WISDOM OF THE 1930'S.... DEMAND DIVIDENDS! NOT BULLSHIT!
THAT IS THE TAKE AWAY FROM THIS ARTICLE IN THE TITLE LINK...
CREDIT CARD CRISIS IS NEXT SHOE TO FALL
WHEN CREDIT CARDS HIT THE FAN IT WILL MAKE SUB PRIME MORTGAGES LOOK LIKE A WALK IN THE PARK...!
MARKET SETTING UP 2PM POP....THEN BIG DROP!
THE MARKETS SEEM TO BE TREADING WATER...DISTRIBUTING THE BIG GAIN FROM YESTERDAY...TO A FEW RETAIL SUCKERS. PERHAPS WITH A LITTLE SHORT COVERING STILL TO COME...
BUT THE FED MOVE TO 1% WILL BE HIGHLY NEGATIVE...AND WILL CONVINCE EVERYONE THAT THE US ECONOMY IS IN BIG TROUBLE...
GOLD IS ALREADY HIGHER...AND WILL LIKELY STAY HIGH IN THE WAKE OF THE RECORD LOW FED CUT... BUT THE SYSTEM IS AWASH WITH MONEY ANYWAY...AND LITTLE OF IT WILL COME OUT TO MAIN STREET ANY TIME SOON...
SO THE FED SEEMS TO BE IN A LIQUIDITY TRAP...THE ONLY PLACE FOR THE MONEY TO GO IS INTO MORE SPECULATION IN ASSETS...BUT THE HEDGE FUNDS AND OTHER PLUNGERS HAVE BEEN BURNED AND WILL LIKELY BE OUT OF THE BUBBLE BUSINESS FOR A WHILE LONGER...
AT SOME POINT .... THE WORLD WILL REALIZE THAT THE US DOES NOT REALLY HAVE A SUSTAINABLE ECONOMY... AND THE DOLLAR WILL START DROPPING...
GOLD SHOULD RISE... BUT THE "KEYSTONE EVENT" IS WHEN CHINA, RUSSIA ET AL START DUMPING THEIR US DOLLARS AND BONDS...
THAT COULD START HAPPENING AFTER THE BIG "NEW BRETTON WOODS" MEETING AFTER THE ELECTION ON NOVEMBER 15....
THE WORLD IS STILL STRUGGLING WITH THE POST-DOLLAR GLOBAL ECONOMY...THE ONLY PROBLEM IS THAT THEY DON'T KNOW IT YET...
BUT THEY ARE FINDING OUT THE TRUTH A LITTLE BIT EVERYDAY...
BUT THE FED MOVE TO 1% WILL BE HIGHLY NEGATIVE...AND WILL CONVINCE EVERYONE THAT THE US ECONOMY IS IN BIG TROUBLE...
GOLD IS ALREADY HIGHER...AND WILL LIKELY STAY HIGH IN THE WAKE OF THE RECORD LOW FED CUT... BUT THE SYSTEM IS AWASH WITH MONEY ANYWAY...AND LITTLE OF IT WILL COME OUT TO MAIN STREET ANY TIME SOON...
SO THE FED SEEMS TO BE IN A LIQUIDITY TRAP...THE ONLY PLACE FOR THE MONEY TO GO IS INTO MORE SPECULATION IN ASSETS...BUT THE HEDGE FUNDS AND OTHER PLUNGERS HAVE BEEN BURNED AND WILL LIKELY BE OUT OF THE BUBBLE BUSINESS FOR A WHILE LONGER...
AT SOME POINT .... THE WORLD WILL REALIZE THAT THE US DOES NOT REALLY HAVE A SUSTAINABLE ECONOMY... AND THE DOLLAR WILL START DROPPING...
GOLD SHOULD RISE... BUT THE "KEYSTONE EVENT" IS WHEN CHINA, RUSSIA ET AL START DUMPING THEIR US DOLLARS AND BONDS...
THAT COULD START HAPPENING AFTER THE BIG "NEW BRETTON WOODS" MEETING AFTER THE ELECTION ON NOVEMBER 15....
THE WORLD IS STILL STRUGGLING WITH THE POST-DOLLAR GLOBAL ECONOMY...THE ONLY PROBLEM IS THAT THEY DON'T KNOW IT YET...
BUT THEY ARE FINDING OUT THE TRUTH A LITTLE BIT EVERYDAY...
Tuesday, October 28, 2008
LATE, LOW VOLUME RALLY SETTING SUCKER TRAP!!
FOR THE HEDGIES TO GET OUT...THEY NEED A BUYER...
THE ONLY BUYERS ARE THE RETAIL SUCKERS WHO ARE AFRAID OF "MISSING THE BOAT"...
TODAY'S LATE ULTRA-LOW VOLUME RALLY COULD BE SETTING UP A SUCKER TRAP FOR THE FEW RETAIL SUCKERS WHO ARE LOOKING TO JUMP IN...
I SURELY WOULD NOT BELIEVE A ONE DAY EVENT... BUT I HAVE A HUNCH THAT SOME RETAIL PLUNGERS WILL JUMP IN...
AND EVEN SOME TRADERS JUST TO "PRIME THE PUMP" FOR THE RETAIL CROWD...
A FEW DAY TRADERS MAY TRY A QUICK FLIP TOMORROW IF THE FUTURES ARE UP AT 7AM EST...
AND WITH JAPAN RALLYING...IT LOOKS LIKE A STRONGER OPEN ON WALL STREET...
BUT I WOULD BE SHOCKED IF IT LASTED PAST LUNCH...! AND 3PM...FORGET IT...
THE ONLY BUYERS ARE THE RETAIL SUCKERS WHO ARE AFRAID OF "MISSING THE BOAT"...
TODAY'S LATE ULTRA-LOW VOLUME RALLY COULD BE SETTING UP A SUCKER TRAP FOR THE FEW RETAIL SUCKERS WHO ARE LOOKING TO JUMP IN...
I SURELY WOULD NOT BELIEVE A ONE DAY EVENT... BUT I HAVE A HUNCH THAT SOME RETAIL PLUNGERS WILL JUMP IN...
AND EVEN SOME TRADERS JUST TO "PRIME THE PUMP" FOR THE RETAIL CROWD...
A FEW DAY TRADERS MAY TRY A QUICK FLIP TOMORROW IF THE FUTURES ARE UP AT 7AM EST...
AND WITH JAPAN RALLYING...IT LOOKS LIKE A STRONGER OPEN ON WALL STREET...
BUT I WOULD BE SHOCKED IF IT LASTED PAST LUNCH...! AND 3PM...FORGET IT...
JAPAN GOES FOR "COMPETITIVE DEVALUATION!"
THE NAME OF THE GAME NOW IS COMPETITIVE DEVALUATIONS...AT LEAST FOR EXPORT DRIVEN ECONOMIES LIKE JAPAN AND CHINA....
UNFORTUNATELY THESE DEVALUATIONS HURT THE "UNPRODUCTIVE" US ECONOMY MORE THAN THEY HELP...
UNFORTUNATELY THESE DEVALUATIONS HURT THE "UNPRODUCTIVE" US ECONOMY MORE THAN THEY HELP...
WALL STREET "GROWN UPS" ARE FOR OBAMA
A LOT OF SERIOUS WALL STREET "GROWN UPS" ARE STARTING TO SAY THAT OBAMA WILL BE BEST FOR STOCKS, WALL STREET AND THE ECONOMY...!
AND WHY NOT...
EVERYONE KNOWS THAT YOU HAVE TO HAVE A HEALTHY CONSUMER AND A HEALTHY "RE-DISTRIBUTION" OF WEALTH TO MAINTAIN OUR CONSUMER CAPITALISM...!
MASS PUBLIC POVERTY IS NO FRIEND OF WALMART...OR TARGET...OR GOLDMAN SACHS!!
MANY OF THE "YOUNG GUNS" AND "BRAINLESS SUCK UPS" ARE STILL BLOWING THE MCCAIN HORN...
BUT MANY SERIOUS TYPES LIKE BUFFETT, VOLCKER, SOROS, AND GATES WOULD VERY LIKELY PREFER A SERIOUS "ACADEMIC" DEMOCRAT LIKE OBAMA TO A BLATHERING IDIOT LIKE MCCAIN AND PALIN...WHO HAVE NO MESSAGE...
AND WHO HAVE ONLY BELATEDLY COME UP WITH THIS COMPLETELY LAME "JOE THE PLUMBER" BULLSHIT AS A CAMPAIGN THEME...!
THE WALL STREET "GROWN UPS" ARE NOT COMFORTABLE WITH THE RED NECKS, STUPIDS AND RELIGIOUS ASSHOLES THAT ARE THE "BACKBONE" OF THE PRESENT REPUBLICAN PARTY...
THESE ARE SMART GUYS...WITH MONEY AND PLANS AND BRAINS...
THEY HAVE NOTHING IN COMMON WITH THESE RED NECKS, JESUS CRACKPOTS, AND STUPIDS IN THE REPUBLICAN "BASE."
AND WHY NOT...
EVERYONE KNOWS THAT YOU HAVE TO HAVE A HEALTHY CONSUMER AND A HEALTHY "RE-DISTRIBUTION" OF WEALTH TO MAINTAIN OUR CONSUMER CAPITALISM...!
MASS PUBLIC POVERTY IS NO FRIEND OF WALMART...OR TARGET...OR GOLDMAN SACHS!!
MANY OF THE "YOUNG GUNS" AND "BRAINLESS SUCK UPS" ARE STILL BLOWING THE MCCAIN HORN...
BUT MANY SERIOUS TYPES LIKE BUFFETT, VOLCKER, SOROS, AND GATES WOULD VERY LIKELY PREFER A SERIOUS "ACADEMIC" DEMOCRAT LIKE OBAMA TO A BLATHERING IDIOT LIKE MCCAIN AND PALIN...WHO HAVE NO MESSAGE...
AND WHO HAVE ONLY BELATEDLY COME UP WITH THIS COMPLETELY LAME "JOE THE PLUMBER" BULLSHIT AS A CAMPAIGN THEME...!
THE WALL STREET "GROWN UPS" ARE NOT COMFORTABLE WITH THE RED NECKS, STUPIDS AND RELIGIOUS ASSHOLES THAT ARE THE "BACKBONE" OF THE PRESENT REPUBLICAN PARTY...
THESE ARE SMART GUYS...WITH MONEY AND PLANS AND BRAINS...
THEY HAVE NOTHING IN COMMON WITH THESE RED NECKS, JESUS CRACKPOTS, AND STUPIDS IN THE REPUBLICAN "BASE."
STEP-MOTHER OF ALL CRACKPOT RALLIES!!
THE OUTRAGEOUS "RALLY" AT THE END OF THE DAY TODAY WAS SO KOOKY THAT IT DOES NOT REALLY DESERVE COMMENT...
AND HERE'S WHY...
1. EXTREMELY LOW VOLUME!! 1.6 BILLION SHARES... THAT'S SORT OF AVERAGE VOLUME FOR MID-WEEK IN JULY...ON A NO NEWS DAY...!
ANY "POST WASHOUT" RALLY NEEDS HUGE MEGA-VOLUME...AND CERTAINLY NEEDS MORE THAN A ONE HOUR RUN AT THE END OF THE DAY...! GIVE ME A BREAK!
REMEMBER, BEAR MARKETS CAN AND DO HAPPEN ON A SERIES OF LOW VOLUME DAYS...
BULL MARKET INFLECTION POINTS NEED HUGE MEGA-VOLUME ON THE VERY FIRST DAY...AND THIS WAS NOT IT...!
2. THE "RALLY" OCCURED RIGHT AT THE END OF THE DAY...SO WHOEVER OR WHATEVER WAS BUYING STOCKS WERE DOING IT ON THE CHEAP...
KNOWING THAT THE "GAINS" WOULD HOLD ONLY TIL 4PM ...
ONLY LONG ENOUGH FOR A "HEADLINE" TO BE WRITTEN...AND LITTLE ELSE...EXCEPT MAYBE TO PRIME THE "SUCKER PUMP" FOR TOMORROW MORNING...
IN THIS MARKET...THE HEDGIES CAN'T SELL OUT, UNTIL SOME RETAIL SUCKERS PUT UP THEIR MONEY...!
3. THE MARKET WAS HUGELY OVER SOLD...AND SOME KIND OF SNAP BACK WAS NECESSARY AS A MATTER OF PHYSICS...NOT ECONOMICS!!
4. THE MARKET WAS A SHORT SELLERS NO BRAINER...AND OF COURSE THE MARKET DOES NOT TOLERATE NO BRAINERS FOREVER...
WHO WAS "BEHIND" THE RALLY...
WELL, SHORT SELLERS WERE COVERING LIKE MAD IN THE LAST HOUR...FEARING A LITTLE MORE BUYING AFTER THE FED MEETING TOMORROW...
OR, FOR A CONSPIRACY... THE FED SHILLS WERE TRYING TO BLUNT THE EFFECT OF THE RECORD LOW CONSUMER CONFIDENCE NUMBER...WHICH SUDDENLY BECAME A BACK PAGE STORY AFTER THE "RALLY."
IS THE SHORT COVERING OVER...? WILL THE HEDGE FUND LIQUIDATION START UP TOMORROW...? PROBABLY...
BOTTOM LINE:
SELL ALL "HISTORIC RALLIES" THAT OCCUR ON PISS POOR VOLUME...
THIS WAS A JOKE TODAY TO ALL SERIOUS MARKET WATCHERS...
I WONDER HOW MANY RETAIL SUCKERS WILL TAKE THE BAIT TONITE AND TOMORROW AND "JUMP IN" SO AS NOT TO "MISS THE BOAT...!"
LOL...!!
AND HERE'S WHY...
1. EXTREMELY LOW VOLUME!! 1.6 BILLION SHARES... THAT'S SORT OF AVERAGE VOLUME FOR MID-WEEK IN JULY...ON A NO NEWS DAY...!
ANY "POST WASHOUT" RALLY NEEDS HUGE MEGA-VOLUME...AND CERTAINLY NEEDS MORE THAN A ONE HOUR RUN AT THE END OF THE DAY...! GIVE ME A BREAK!
REMEMBER, BEAR MARKETS CAN AND DO HAPPEN ON A SERIES OF LOW VOLUME DAYS...
BULL MARKET INFLECTION POINTS NEED HUGE MEGA-VOLUME ON THE VERY FIRST DAY...AND THIS WAS NOT IT...!
2. THE "RALLY" OCCURED RIGHT AT THE END OF THE DAY...SO WHOEVER OR WHATEVER WAS BUYING STOCKS WERE DOING IT ON THE CHEAP...
KNOWING THAT THE "GAINS" WOULD HOLD ONLY TIL 4PM ...
ONLY LONG ENOUGH FOR A "HEADLINE" TO BE WRITTEN...AND LITTLE ELSE...EXCEPT MAYBE TO PRIME THE "SUCKER PUMP" FOR TOMORROW MORNING...
IN THIS MARKET...THE HEDGIES CAN'T SELL OUT, UNTIL SOME RETAIL SUCKERS PUT UP THEIR MONEY...!
3. THE MARKET WAS HUGELY OVER SOLD...AND SOME KIND OF SNAP BACK WAS NECESSARY AS A MATTER OF PHYSICS...NOT ECONOMICS!!
4. THE MARKET WAS A SHORT SELLERS NO BRAINER...AND OF COURSE THE MARKET DOES NOT TOLERATE NO BRAINERS FOREVER...
WHO WAS "BEHIND" THE RALLY...
WELL, SHORT SELLERS WERE COVERING LIKE MAD IN THE LAST HOUR...FEARING A LITTLE MORE BUYING AFTER THE FED MEETING TOMORROW...
OR, FOR A CONSPIRACY... THE FED SHILLS WERE TRYING TO BLUNT THE EFFECT OF THE RECORD LOW CONSUMER CONFIDENCE NUMBER...WHICH SUDDENLY BECAME A BACK PAGE STORY AFTER THE "RALLY."
IS THE SHORT COVERING OVER...? WILL THE HEDGE FUND LIQUIDATION START UP TOMORROW...? PROBABLY...
BOTTOM LINE:
SELL ALL "HISTORIC RALLIES" THAT OCCUR ON PISS POOR VOLUME...
THIS WAS A JOKE TODAY TO ALL SERIOUS MARKET WATCHERS...
I WONDER HOW MANY RETAIL SUCKERS WILL TAKE THE BAIT TONITE AND TOMORROW AND "JUMP IN" SO AS NOT TO "MISS THE BOAT...!"
LOL...!!
ELECTION DAY: RALLY OR PLUNGE?
IF OBAMA WINS THE MARKET WILL RALLY 1000 POINTS THE NEXT DAY...
WHY?
CALL IT "TOUGH LOVE" ...
WALL STREET REALIZES THAT IT'S HAD IT'S HAND IN THE COOKIE JAR FOR WAY TOO LONG AND SOME "RE-BALANCING" IS NEEDED...TO USE A FAVORITE WALL STREET TERM.
IF MCCAIN WINS THE MARKETS WILL CRASH 1000 POINTS...
WHY?
FOREIGNERS WILL BE IN A PANIC ABOUT BEING A HEART BEAT AWAY FROM PALIN...
AND THERE WILL BE A SENSE THAT AMERICANS REALLY ARE AS STUPID AS THEY SEEM...TO ELECT PALIN!!
(TRUST ME AMERICANS ARE EVEN STUPIDER THAN THEY SEEM TO THE OUTSIDE WORLD!)
GLOBAL TENSIONS WILL SOAR...RUSSIA WILL RECOIL IN HORROR...BUT WILL THEN SENSE OPPORTUNITY!
AND EUROLAND WILL BE FORCED TO CHOOSE BETWEEN MCCAIN IMPERIALISM...OR CHARTING A NEW COURSE ON THEIR OWN...PERHAPS FINALLY ADMITTING THAT RUSSIA IS PART OF EUROPE AFTER A 300 YEAR WAIT (1709 TO 2009!!).
PETER THE GREAT WOULD BE LOVIN IT...!!
ADDITIONALLY A MCCAIN WIN WOULD BE AN ALL CLEAR FOR THE LOOTING TO START UP AGAIN ON WALL STREET...ONLY THIS TIME THE SPECULATORS WILL BE DISAPPOINTED BECAUSE THERE IS NOTHING LEFT TO LOOT. AND OF COURSE THE CONSUMER WOULD BE FINISHED...UNDER MCCAIN'S "OPPORTUNITY" AGENDA.
WHY?
CALL IT "TOUGH LOVE" ...
WALL STREET REALIZES THAT IT'S HAD IT'S HAND IN THE COOKIE JAR FOR WAY TOO LONG AND SOME "RE-BALANCING" IS NEEDED...TO USE A FAVORITE WALL STREET TERM.
IF MCCAIN WINS THE MARKETS WILL CRASH 1000 POINTS...
WHY?
FOREIGNERS WILL BE IN A PANIC ABOUT BEING A HEART BEAT AWAY FROM PALIN...
AND THERE WILL BE A SENSE THAT AMERICANS REALLY ARE AS STUPID AS THEY SEEM...TO ELECT PALIN!!
(TRUST ME AMERICANS ARE EVEN STUPIDER THAN THEY SEEM TO THE OUTSIDE WORLD!)
GLOBAL TENSIONS WILL SOAR...RUSSIA WILL RECOIL IN HORROR...BUT WILL THEN SENSE OPPORTUNITY!
AND EUROLAND WILL BE FORCED TO CHOOSE BETWEEN MCCAIN IMPERIALISM...OR CHARTING A NEW COURSE ON THEIR OWN...PERHAPS FINALLY ADMITTING THAT RUSSIA IS PART OF EUROPE AFTER A 300 YEAR WAIT (1709 TO 2009!!).
PETER THE GREAT WOULD BE LOVIN IT...!!
ADDITIONALLY A MCCAIN WIN WOULD BE AN ALL CLEAR FOR THE LOOTING TO START UP AGAIN ON WALL STREET...ONLY THIS TIME THE SPECULATORS WILL BE DISAPPOINTED BECAUSE THERE IS NOTHING LEFT TO LOOT. AND OF COURSE THE CONSUMER WOULD BE FINISHED...UNDER MCCAIN'S "OPPORTUNITY" AGENDA.
CONFIDENCE SINKS STOCKS
CLEARLY MORE "LIQUIDITY" IS NOT THE ANSWER...
ESSENTIALLY THE AMERICAN CONSUMER AS BEEN ABUSED FOR SO LONG BY WALL STREET AND WASHINGTON THAT THE CONSUMER HAS SIMPLY COLLAPSED...
STAND IN LINE AT WALMART...OR TARGET...DOES ANYONE PAY IN CASH... NEVER!
BUT THOSE CREDIT CARDS HAVE LIMITS...
FURTHER THE MORTGAGE DEBACLE IS CAUSING A MORAL HAZARD PROBLEM...
MANY PEOPLE SIMPLY DON'T WANT TO OWN A HOUSE THAT IS NOT GOING UP 10% OR 20% PER YEAR... NEVERMIND THE PAYMENT...
AND OTHERS WHO ARE STRUGGING WITH HIGH PAYMENTS...ARE NOW LOOKING TO "DEFAULT" AND JOIN THE LINE AT THE "BAILOUT WINDOW!"
WHO WOULD ACTUALLY PAY THEIR MORTGAGE NOW!! ONLY A FOOL!!
AFTER ALL...HELP IS ON THE WAY...BUT ONLY IF YOU ARE IN DEFAULT!!
I WOULD EXPECT MORE AND MORE MIDDLE CLASS MORTGAGORS TO LINE UP FOR A HAND OUT...NO MATTER WHO IS IN THE WHITE HOUSE...
THIS IS THE RESULT OF LACK OF MORAL HAZARD...WHICH HAS NOW BEEN REPLACED BY THE BAILOUT...
AND WHERE DO THE BAILOUTS END... WHO IS "NOT WORTHY" OF A BAILOUT NOW...?
THIS IS THE STUFF OF HYPER-INFLATION!
SHADES OF WIEMAR GERMANY IN THE 1920'S....WHEN MASSIVE DEBT...AND A CUT OFF OF GLOBAL CREDIT CAUSE THE WORST HYPER-INFLATION EVER SEEN IN A MODERN INDUSTRIALIZED ECONOMY...
UNTIL NOW...?
ESSENTIALLY THE AMERICAN CONSUMER AS BEEN ABUSED FOR SO LONG BY WALL STREET AND WASHINGTON THAT THE CONSUMER HAS SIMPLY COLLAPSED...
STAND IN LINE AT WALMART...OR TARGET...DOES ANYONE PAY IN CASH... NEVER!
BUT THOSE CREDIT CARDS HAVE LIMITS...
FURTHER THE MORTGAGE DEBACLE IS CAUSING A MORAL HAZARD PROBLEM...
MANY PEOPLE SIMPLY DON'T WANT TO OWN A HOUSE THAT IS NOT GOING UP 10% OR 20% PER YEAR... NEVERMIND THE PAYMENT...
AND OTHERS WHO ARE STRUGGING WITH HIGH PAYMENTS...ARE NOW LOOKING TO "DEFAULT" AND JOIN THE LINE AT THE "BAILOUT WINDOW!"
WHO WOULD ACTUALLY PAY THEIR MORTGAGE NOW!! ONLY A FOOL!!
AFTER ALL...HELP IS ON THE WAY...BUT ONLY IF YOU ARE IN DEFAULT!!
I WOULD EXPECT MORE AND MORE MIDDLE CLASS MORTGAGORS TO LINE UP FOR A HAND OUT...NO MATTER WHO IS IN THE WHITE HOUSE...
THIS IS THE RESULT OF LACK OF MORAL HAZARD...WHICH HAS NOW BEEN REPLACED BY THE BAILOUT...
AND WHERE DO THE BAILOUTS END... WHO IS "NOT WORTHY" OF A BAILOUT NOW...?
THIS IS THE STUFF OF HYPER-INFLATION!
SHADES OF WIEMAR GERMANY IN THE 1920'S....WHEN MASSIVE DEBT...AND A CUT OFF OF GLOBAL CREDIT CAUSE THE WORST HYPER-INFLATION EVER SEEN IN A MODERN INDUSTRIALIZED ECONOMY...
UNTIL NOW...?
MCCAIN WIN...DOOMS AMERICAN ECONOMY
THE DISAPPOINTMENT "OVERSEAS" WITH THE "SURPRISE" MCCAIN VICTORY WILL DOOM THE US ECONOMY TO A DEPRESSION STYLE ECONOMY FOR AT LEAST 10 YEARS...
THE MIDDLE EAST WILL FLARE UP...THE GREEN ZONE GOVERNMENT IN IRAQ WILL BE OUT OF CONTROL...AND THE OCCUPATION WILL HAVE TO BE RE-INSTATED IN BAGHDAD...
THE GRID LOCK IN WASHINGTON WILL CAUSE GLOBAL INVESTORS TO DUMP THE DOLLAR...
WHICH THEY SHOULD BE DOING NOW...BUT FOR THEIR HOPE OF AN OBAMA WIN...ALAS...NOW FADING FAST...!
RUSSIA AND EUROPE WILL BE PUSHED TOGETHER AS AN ANTI-MCCAIN BLOC...IN 2009...
AND RUSSIA WILL BECOME FAR MORE DIFFICULT IN THE FACE OF MCCAIN'S NEW IMPERIALISM... NATO WILL BE SEEN AS A REAL THREAT... SOME IN EUROLAND MAY VOTE AGAINST THE NEW MCCAIN IMPERIALISM...
THE DEFENSE BUDGET WILL SOAR UNDER MCCAIN...EVEN HAS BANKRUPTCY LOOMS FOR THE US...
THE FEAR THAT PALIN WILL BE IN THE OVAL OFFICE ...WILL ALSO SCARE MANY OUTSIDE THE US...WITH HER BELIEF IN CREATIONISM BECOMING THE LAUGHING STOCK OF THE WORLD...
MCCAIN AND PALIN WILL NOT COME WITHOUT BURDENS ON THE AMERICAN PEOPLE...
BUT STUPIDITY ALWAYS COMES WITH A PRICE TAG...AS WE LEARNED WITH BUSH.
THE MIDDLE EAST WILL FLARE UP...THE GREEN ZONE GOVERNMENT IN IRAQ WILL BE OUT OF CONTROL...AND THE OCCUPATION WILL HAVE TO BE RE-INSTATED IN BAGHDAD...
THE GRID LOCK IN WASHINGTON WILL CAUSE GLOBAL INVESTORS TO DUMP THE DOLLAR...
WHICH THEY SHOULD BE DOING NOW...BUT FOR THEIR HOPE OF AN OBAMA WIN...ALAS...NOW FADING FAST...!
RUSSIA AND EUROPE WILL BE PUSHED TOGETHER AS AN ANTI-MCCAIN BLOC...IN 2009...
AND RUSSIA WILL BECOME FAR MORE DIFFICULT IN THE FACE OF MCCAIN'S NEW IMPERIALISM... NATO WILL BE SEEN AS A REAL THREAT... SOME IN EUROLAND MAY VOTE AGAINST THE NEW MCCAIN IMPERIALISM...
THE DEFENSE BUDGET WILL SOAR UNDER MCCAIN...EVEN HAS BANKRUPTCY LOOMS FOR THE US...
THE FEAR THAT PALIN WILL BE IN THE OVAL OFFICE ...WILL ALSO SCARE MANY OUTSIDE THE US...WITH HER BELIEF IN CREATIONISM BECOMING THE LAUGHING STOCK OF THE WORLD...
MCCAIN AND PALIN WILL NOT COME WITHOUT BURDENS ON THE AMERICAN PEOPLE...
BUT STUPIDITY ALWAYS COMES WITH A PRICE TAG...AS WE LEARNED WITH BUSH.
WILD RALLY ON WALL STREET...
IF THE SHORTS ARE COVERING THE HEDGE FUNDS WILL SELL THE RALLY...
THE BEST RALLIES ARE SHORT COVERING RALLIES NOW...AS WITH VW IN GERMANY TODAY...
THE BEST RALLIES ARE SHORT COVERING RALLIES NOW...AS WITH VW IN GERMANY TODAY...
THE FIX IS IN FOR MCCAIN UPSET VICTORY!!
MCCAIN IS SWEEPING UP VOTES IN FLORIDA AND OHIO...INDIANA, MISSOURI AND NEVADA ARE ALSO SWINGING FOR MCCAIN!!
Monday, October 27, 2008
MCCAIN WOULD SELL HIS SOUL TO SATAN...!
THE DESPERATION OF MCCAIN TO WIN THIS ELECTION IS GETTING FAUSTIAN!!
MY QUESTION IS HOW ARE THE FOX NEWS "TRUE BELEIVERS" EVER GOING TO "COME AROUND" IF MCCAIN LOSES...
FOX NEWS MAY NEED TO BE TAKEN OFF THE AIR...IF THEY INSIST ON PREACHING TREASON AND SEDITION...!
THESE FOX NEWS MANIACS ARE WAY MORE UNSTABLE THAN THE AVERAGE INTELLECTUAL "LIBERAL"...
I REALLY THINK WE MAY HAVE SOME TROUBLE WITH THESE UNSTABLE FOX NEWS CRACKPOTS...
WE MAY NEED SOME INTERVENTION TO PREVENT THEM FROM BECOMING A DANGER TO THEMSELVES AND OTHERS...
I WOULD SUGGEST DEMOCRATS SET UP SOME "CAMPS" IN THE RED STATES TO "RE-EDUCATE" THESE UNSTABLE BUBBA REPUBLICAN TYPES ...WHO MAY BE AROUND THE BEND....AFTER THE ELECTION.
RE-EDUCATION CAMPS IN RED STATES....FOR MENTALLY UNBALANCED "BUBBA REPUBLICANS" COULD BE THE FIRST "JOBS PROGRAM" FOR THE NEW PROGRESSIVE CONGRESS TO CONSIDER...
MY QUESTION IS HOW ARE THE FOX NEWS "TRUE BELEIVERS" EVER GOING TO "COME AROUND" IF MCCAIN LOSES...
FOX NEWS MAY NEED TO BE TAKEN OFF THE AIR...IF THEY INSIST ON PREACHING TREASON AND SEDITION...!
THESE FOX NEWS MANIACS ARE WAY MORE UNSTABLE THAN THE AVERAGE INTELLECTUAL "LIBERAL"...
I REALLY THINK WE MAY HAVE SOME TROUBLE WITH THESE UNSTABLE FOX NEWS CRACKPOTS...
WE MAY NEED SOME INTERVENTION TO PREVENT THEM FROM BECOMING A DANGER TO THEMSELVES AND OTHERS...
I WOULD SUGGEST DEMOCRATS SET UP SOME "CAMPS" IN THE RED STATES TO "RE-EDUCATE" THESE UNSTABLE BUBBA REPUBLICAN TYPES ...WHO MAY BE AROUND THE BEND....AFTER THE ELECTION.
RE-EDUCATION CAMPS IN RED STATES....FOR MENTALLY UNBALANCED "BUBBA REPUBLICANS" COULD BE THE FIRST "JOBS PROGRAM" FOR THE NEW PROGRESSIVE CONGRESS TO CONSIDER...
THE 3:45 SELL OFF...!
FORGET THE 3 PM SELL OFF...
NOW EVERYONE WAITS UNTIL 3:45 TO HIT THE SELL BUTTON...
LET'S FACE IT...THE LIQUIDITY PANIC HAS A LONG LONG WAYS TO RUN...
NOW EVERYONE WAITS UNTIL 3:45 TO HIT THE SELL BUTTON...
LET'S FACE IT...THE LIQUIDITY PANIC HAS A LONG LONG WAYS TO RUN...
BBC SAYS MCCAIN VICTORY NEAR CERTAIN!!
THE POOR, UNINFORMED AND STUPID IN AMERICA ARE FLOCKING TO MCCAIN IN RECORD NUMBERS...!!
OBAMA WILL GET THE BRADLEY EFFECT ON STEROIDS!!
OBAMA WILL GET THE BRADLEY EFFECT ON STEROIDS!!
ZIONISTS DESPERATE FOR MCCAIN VICTORY!!
MCCAIN WILL EXTEND AND ENHANCE THE ZIONIST WAR AGENDA IN THE MIDDLE EAST...NO MATTER WHAT...
EXACTLY HOW THE US PAYS THE BILL...IS NOT THE ZIONISTS' PROBLEM...
BESIDES WASHINGTON HAS PRINTING PRESSES...
AND CHINA IS STILL BUYING OUR WORTHLESS PAPER...
EXACTLY HOW THE US PAYS THE BILL...IS NOT THE ZIONISTS' PROBLEM...
BESIDES WASHINGTON HAS PRINTING PRESSES...
AND CHINA IS STILL BUYING OUR WORTHLESS PAPER...
GOLD RESISTING "MYTH" OF STRONGER DOLLAR!
THERE ARE ALWAYS GOING TO BE A FEW PEOPLE WHOSE REASONING IS UNCLOUDED BY MEDIA HYPE FROM WALL STREET AND WASHINGTON...
THE CENTRAL BANKS OF EASTERN EUROPE WILL DO WELL TO START BUYING GOLD EN MASS NOW!!
THE CENTRAL BANKS OF EASTERN EUROPE WILL DO WELL TO START BUYING GOLD EN MASS NOW!!
POLLS SHOW MCCAIN "SURPRISE" WIN COMING!!
I HAVE ALWAYS SAID THAT MCCAIN WILL WIN THIS ELECTION...
AND I STILL BELIEVE IT EVEN NOW...
THE AMERICANS WILL NOT BE LET OFF THE HOOK THIS EASY...WITH THE ELECTION OF AN EFFECTIVE DEMOCRATIC CONGRESS AND PRESIDENT...
RATHER I LOOK FOR MCCAIN TO WIN...AND MASSIVE GRID LOCK TO SEND THE AMERICAN ECONOMY SPIRALING INTO THE DUMPSTER OF HISTORY WHERE IT SHOULD HAVE BEEN YEARS AGO...
MCCAIN IS GOING TO WIN THIS ELECTION!!
AND I STILL BELIEVE IT EVEN NOW...
THE AMERICANS WILL NOT BE LET OFF THE HOOK THIS EASY...WITH THE ELECTION OF AN EFFECTIVE DEMOCRATIC CONGRESS AND PRESIDENT...
RATHER I LOOK FOR MCCAIN TO WIN...AND MASSIVE GRID LOCK TO SEND THE AMERICAN ECONOMY SPIRALING INTO THE DUMPSTER OF HISTORY WHERE IT SHOULD HAVE BEEN YEARS AGO...
MCCAIN IS GOING TO WIN THIS ELECTION!!
RATE HIKE IS NEEDED TO PROTECT CURRENCIES.
THERE IS SOMETHING COUNTER INTUITIVE GOING ON HERE...
PERHAPS IT'S A RATE HIKE THAT IS NEEDED TO PROTECT THE GLOBAL CURRENCIES AT A FUNDAMENTAL LEVEL...TO DRIVE THE DOLLAR DOWN NOT UP!
THE DOLLAR IS AT THE ANOMALOUS LIQUIDATION LEVEL...AND IT'S KILLING THE GLOBAL ECONOMY!
CLEARLY THE GLOBAL ECONOMY HAS IT'S HEAD UP IT'S ASS IN SOME WAY THAT HAS NOT YET BEEN DISCOVERED...
MY HUNCH IS THAT THE REAL PROBLEM IS IN THE CURRENCY MARKETS...BECAUSE THE "CURE" FOR A DEBT BUBBLE CAN NOT BE MORE DEBT AND MORE LENDING...
STILL THE ANOMALIES CONTINUE TO LEAD US DOWN THE WRONG PATH...
THERE IS SOMETHING REALLY HORRIBLE WAITING IN THE WINGS HERE...
LIKE SOME HALLOWEEN HOUSE OF HORRORS...I WOULD EXPECT SOMETHING UNEXPECTED TO "JUMP OUT" AT THE MARKETS VERY SOON...
THE FUNDAMENTAL PROBLEM IS THAT IF YOU HAVE NOT BEEN ASKING THE RIGHT QUESTIONS FOR YEARS...THE ANSWERS YOU DO EVENTUALLY GET ARE ALL FUCKED UP...
Q & A HAVE BE AT LEAST BE ON THE SAME "PLANE OF REASONING"... THAT IS BASED ON THE SAME "LOGIC."
THE LOGIC OF DOLLAR EXCEPTIONALISM HAS BEEN THE FALSE NORM FOR TOO LONG...
WE ARE NOT ASKING THE RIGHT QUESTIONS EVEN NOW...
PERHAPS IT'S A RATE HIKE THAT IS NEEDED TO PROTECT THE GLOBAL CURRENCIES AT A FUNDAMENTAL LEVEL...TO DRIVE THE DOLLAR DOWN NOT UP!
THE DOLLAR IS AT THE ANOMALOUS LIQUIDATION LEVEL...AND IT'S KILLING THE GLOBAL ECONOMY!
CLEARLY THE GLOBAL ECONOMY HAS IT'S HEAD UP IT'S ASS IN SOME WAY THAT HAS NOT YET BEEN DISCOVERED...
MY HUNCH IS THAT THE REAL PROBLEM IS IN THE CURRENCY MARKETS...BECAUSE THE "CURE" FOR A DEBT BUBBLE CAN NOT BE MORE DEBT AND MORE LENDING...
STILL THE ANOMALIES CONTINUE TO LEAD US DOWN THE WRONG PATH...
THERE IS SOMETHING REALLY HORRIBLE WAITING IN THE WINGS HERE...
LIKE SOME HALLOWEEN HOUSE OF HORRORS...I WOULD EXPECT SOMETHING UNEXPECTED TO "JUMP OUT" AT THE MARKETS VERY SOON...
THE FUNDAMENTAL PROBLEM IS THAT IF YOU HAVE NOT BEEN ASKING THE RIGHT QUESTIONS FOR YEARS...THE ANSWERS YOU DO EVENTUALLY GET ARE ALL FUCKED UP...
Q & A HAVE BE AT LEAST BE ON THE SAME "PLANE OF REASONING"... THAT IS BASED ON THE SAME "LOGIC."
THE LOGIC OF DOLLAR EXCEPTIONALISM HAS BEEN THE FALSE NORM FOR TOO LONG...
WE ARE NOT ASKING THE RIGHT QUESTIONS EVEN NOW...
SELL ALL PLUNGE PROTECTION RALLIES...
WE WILL HAVE A SERIES OF PLUNGE PROTECTION RALLIES THIS WEEK...
THEY WILL PROVIDE EXCELLENT EXIT POINTS FOR PEOPLE WANTING TO DUMP STOCKS...
THIS IS PROBABLY THE FED'S GIFT TO THE HEDGE FUNDS WHO ARE LIQUIDATING MASSIVELY...
AND WHY NOT...! EVERYONE ELSE IS ON THE FED'S 'GIFT LIST!'
THEY WILL PROVIDE EXCELLENT EXIT POINTS FOR PEOPLE WANTING TO DUMP STOCKS...
THIS IS PROBABLY THE FED'S GIFT TO THE HEDGE FUNDS WHO ARE LIQUIDATING MASSIVELY...
AND WHY NOT...! EVERYONE ELSE IS ON THE FED'S 'GIFT LIST!'
MARKET STARTS RE-THINK ON CURRENCIES.
THE ONLY HOPE FOR THE GLOBAL MARKETS IS THE RECOGNITION THAT THIS IS A CURRENCY CRISIS...AND NOTHING ELSE...
IT APPEARS THAT THIS IS ONLY STARTING TO BE "DISCOVERED" IN THE MARKETS...
THE SHIFT TO "CURRENCY BASED" ANALYSIS COULD BE DRAMATIC...
SO FAR NONE OF THE "CURES" HAVE EVEN CONSIDERED THE CURRENCY EFFECTS !!
THE FED IS "PRINTING MONEY" LIKE THERE IS NO TOMORROW...AND FOR THE "ZOMBIE" DOLLAR THAT MAY IN FACT BE TRUE!!
IT APPEARS THAT THIS IS ONLY STARTING TO BE "DISCOVERED" IN THE MARKETS...
THE SHIFT TO "CURRENCY BASED" ANALYSIS COULD BE DRAMATIC...
SO FAR NONE OF THE "CURES" HAVE EVEN CONSIDERED THE CURRENCY EFFECTS !!
THE FED IS "PRINTING MONEY" LIKE THERE IS NO TOMORROW...AND FOR THE "ZOMBIE" DOLLAR THAT MAY IN FACT BE TRUE!!
KRUGMAN'S NOBEL THOUGHTS ON CRISIS
"Whatever the reasons for the continuing weakness of policy, the situation is manifestly not coming under control. Things continue to fall apart."
AFHGAN WAR OUT OF CONTROL...
OBAMA WILL DISCOVER THAT AFHGANISTAN IS PROBABLY NOT WORTH FIGHTING OVER...BECAUSE OF IT'S EFFECT ON PAKISTAN'S STABILITY...
THE MORE THE US IS INVOLVED WITH KILLING POOR PEOPLE IN AFHGANISTAN THE STRONGER OSAMA WILL GET IN PAKISTAN...WHICH HAS THE BOMB...!!
THE MORE THE US IS INVOLVED WITH KILLING POOR PEOPLE IN AFHGANISTAN THE STRONGER OSAMA WILL GET IN PAKISTAN...WHICH HAS THE BOMB...!!
EUROPE WILL HAVE A NEW BRETTON WOODS...EXCLUDING THE US!
THE EUROZONE IS DETERMINED TO GET OUT FROM UNDER THE DOLLAR BASED "POX AMERICANA" OF THE OLD BRETTON WOODS SCHEME...
MY HUNCH IS THAT THE EUROZONE WILL HAVE TO FORM IT'S OWN "NEW BRETTON WOODS" THAT EXCLUDES THE AMERICANS...
AMERICANS WILL NOT BE READY TO JOIN THE WORLD ECONOMY FOR SOMETIME AFTER THE DOLLAR COLLAPSE KICKS IN...WHICH IT MUST TO END THE CURRENT CRISIS...
GERMANY AND RUSSIA ARE ALREADY FORMING A KEY ALLIANCE...
AND OTHER EURO ZONE ECONOMIES WOULD BE WELL ADVISED TO FIND A "NEW WAY" TO DO BUSINESS...WITHOUT US INVOLVEMENT...
AMERICA AND AMERICANS ARE GOING TO BE IN THE ECONOMIC INTENSIVE CARE UNIT FOR AT LEAST TEN YEARS...
AND EVEN THAT WOULDN'T START UNTIL THE FUNDAMENTAL PROBLEMS WITH THE DOLLAR ARE RESOLVED...NOT TO MENTION SIMPLY RECOGNIZED!!
... AND BY THAT I MEAN THE AMERICAN STRUCTURAL TRADE DEFICITS...BUDGET DEFICITS...AND THE HYPER-INFLATION CAUSED BY THE COMING "SERIAL BAILOUTS." ALL OF WHICH ARE UNSUSTAINABLE AND VIOLATE ALL LAWS OF MACROECONOMICS.
SADLY NONE OF THIS IS DISCOUNTED ...OR EVEN RECOGNIZED IN THE MARKETS AT THIS POINT...
MY HUNCH IS THAT THE EUROZONE WILL HAVE TO FORM IT'S OWN "NEW BRETTON WOODS" THAT EXCLUDES THE AMERICANS...
AMERICANS WILL NOT BE READY TO JOIN THE WORLD ECONOMY FOR SOMETIME AFTER THE DOLLAR COLLAPSE KICKS IN...WHICH IT MUST TO END THE CURRENT CRISIS...
GERMANY AND RUSSIA ARE ALREADY FORMING A KEY ALLIANCE...
AND OTHER EURO ZONE ECONOMIES WOULD BE WELL ADVISED TO FIND A "NEW WAY" TO DO BUSINESS...WITHOUT US INVOLVEMENT...
AMERICA AND AMERICANS ARE GOING TO BE IN THE ECONOMIC INTENSIVE CARE UNIT FOR AT LEAST TEN YEARS...
AND EVEN THAT WOULDN'T START UNTIL THE FUNDAMENTAL PROBLEMS WITH THE DOLLAR ARE RESOLVED...NOT TO MENTION SIMPLY RECOGNIZED!!
... AND BY THAT I MEAN THE AMERICAN STRUCTURAL TRADE DEFICITS...BUDGET DEFICITS...AND THE HYPER-INFLATION CAUSED BY THE COMING "SERIAL BAILOUTS." ALL OF WHICH ARE UNSUSTAINABLE AND VIOLATE ALL LAWS OF MACROECONOMICS.
SADLY NONE OF THIS IS DISCOUNTED ...OR EVEN RECOGNIZED IN THE MARKETS AT THIS POINT...
YEN AND DOLLAR CARRY TRADE ENDING BADLY!
THE PUNDITS STILL HAVE THE VERY NATURE OF THE CURRENT FINANCIAL CRISIS WRONG...
AT FIRST THEY THOUGHT IT WAS A LIQUIDITY CRISIS...
THEN IT WAS A SOLVENCY CRISIS...
EVENTUALLY THEY WILL CONCLUDE THAT IT IS A CURRENCY CRISIS...
THE TOXIC NATURE OF ULTRA LOW RATES IN JAPAN AND THE US IS FINALLY COMING HOME TO ROOST...
THE YEN IS INHERENTLY STRONG BECAUSE OF THE UNDERLYING ECONOMY IN JAPAN...
THE DOLLAR IS A CURRENCY "ZOMBIE"...A FREAK OF NATURE THAT IS NOW BEING CHASED OUT OF TOWN AS THE DELEVERAGING CONTINUES APACE...
ONLY WHEN THE DOLLAR STARTS TO FALL...AND A MOVE TO GOLD IS ESTABLISHED WILL SOME FUNDAMENTAL "REALITY" RETURN TO THE MARKETS...
AND WE SEEM A LONG WAY OFF THAT NOW...
THE ANOMALOUS EFFECTS OF THE DOLLAR AND YEN CARRY TRADES STILL DOMINATE MARKET THINKING...EVEN THOUGH SOME PEOPLE REALIZE HOW TOXIC AND ULTIMATELY IRRATIONAL THAT IS...!
NOTE HOWEVER...THAT GOLD HAS BEEN REACTING MORE "NORMALLY" RECENTLY....
AND NOTE AS WELL...THAT THE GOLD BASH TRADE FROM THE CENTRAL BANKS DOES NOT "HOLD" FOR THE ENTIRE DAY...
OFTEN IT NEEDS TO BE RE-DONE....IN THE MIDDLE OF THE DAY TO KEEP GOLD GOING DOWN...
AS NOTED HERE... THE RATE OF DECENT FOR GOLD HAS SLOWED EVEN AS THE REST OF THE ASSET CLASSES HAVE CONTINUED DOWN...
THIS IS A GOOD SIGN THAT SOME REASONABLE PEOPLE ARE STARTING TO GET A GRIP ON WHAT'S REALLY HAPPENING IN THE GLOBAL MARKETS...
GOLD REMAINS THE ONLY THING TO BUY ON DIPS...
EVERYTHING ELSE IS HEADING FOR CATASTROPHIC COLLAPSE...
AT FIRST THEY THOUGHT IT WAS A LIQUIDITY CRISIS...
THEN IT WAS A SOLVENCY CRISIS...
EVENTUALLY THEY WILL CONCLUDE THAT IT IS A CURRENCY CRISIS...
THE TOXIC NATURE OF ULTRA LOW RATES IN JAPAN AND THE US IS FINALLY COMING HOME TO ROOST...
THE YEN IS INHERENTLY STRONG BECAUSE OF THE UNDERLYING ECONOMY IN JAPAN...
THE DOLLAR IS A CURRENCY "ZOMBIE"...A FREAK OF NATURE THAT IS NOW BEING CHASED OUT OF TOWN AS THE DELEVERAGING CONTINUES APACE...
ONLY WHEN THE DOLLAR STARTS TO FALL...AND A MOVE TO GOLD IS ESTABLISHED WILL SOME FUNDAMENTAL "REALITY" RETURN TO THE MARKETS...
AND WE SEEM A LONG WAY OFF THAT NOW...
THE ANOMALOUS EFFECTS OF THE DOLLAR AND YEN CARRY TRADES STILL DOMINATE MARKET THINKING...EVEN THOUGH SOME PEOPLE REALIZE HOW TOXIC AND ULTIMATELY IRRATIONAL THAT IS...!
NOTE HOWEVER...THAT GOLD HAS BEEN REACTING MORE "NORMALLY" RECENTLY....
AND NOTE AS WELL...THAT THE GOLD BASH TRADE FROM THE CENTRAL BANKS DOES NOT "HOLD" FOR THE ENTIRE DAY...
OFTEN IT NEEDS TO BE RE-DONE....IN THE MIDDLE OF THE DAY TO KEEP GOLD GOING DOWN...
AS NOTED HERE... THE RATE OF DECENT FOR GOLD HAS SLOWED EVEN AS THE REST OF THE ASSET CLASSES HAVE CONTINUED DOWN...
THIS IS A GOOD SIGN THAT SOME REASONABLE PEOPLE ARE STARTING TO GET A GRIP ON WHAT'S REALLY HAPPENING IN THE GLOBAL MARKETS...
GOLD REMAINS THE ONLY THING TO BUY ON DIPS...
EVERYTHING ELSE IS HEADING FOR CATASTROPHIC COLLAPSE...
BUSH WAR CRIMES CONTINUE!
BUSH SEEMS HELL BENT ON DIGGING HIMSELF DEEPER INTO WAR CRIMES IN THE FINAL DRUNKEN DAZE OF HIS DISMAL PRESIDENCY...
HOPEFULLY PRESIDENT OBAMA WILL TURN BUSH, CHENEY ETAL OVER TO THE INTERNATIONAL COMMUNITY FOR TRIAL ON THEIR MANY CRIMES AGAINST HUMANITY...EVEN BEFORE THEY ARE TRIED FOR THEIR CRIMES AGAINST THE AMERICAN PEOPLE...
FUNDAMENTAL JUSTICE IS AT STAKE HERE...AND ANY HOPE OF RESTORING THE AMERICAN PLACE IN THE WORLD AFTER THE "BUSH ANOMALY" IS OVER!
HOPEFULLY PRESIDENT OBAMA WILL TURN BUSH, CHENEY ETAL OVER TO THE INTERNATIONAL COMMUNITY FOR TRIAL ON THEIR MANY CRIMES AGAINST HUMANITY...EVEN BEFORE THEY ARE TRIED FOR THEIR CRIMES AGAINST THE AMERICAN PEOPLE...
FUNDAMENTAL JUSTICE IS AT STAKE HERE...AND ANY HOPE OF RESTORING THE AMERICAN PLACE IN THE WORLD AFTER THE "BUSH ANOMALY" IS OVER!
WORLD SEEKS NEW RULES FOR THE DOLLAR!!
BUT THAT WOULD BE LIKE HITTING A TREE AT 60 MILES PER HOUR...!
IT WOULD SIMPLY PUT THE AMERICAN CONSUMERS HEAD THROUGH THE WIND SHIELD...!!
AND THE GLOBAL ECONOMY WOULD GO FROM 60 TO ZERO...IN A NANO-SECOND...
BUT WHAT'S "PLAN B" AT THIS POINT...?
IT WOULD SIMPLY PUT THE AMERICAN CONSUMERS HEAD THROUGH THE WIND SHIELD...!!
AND THE GLOBAL ECONOMY WOULD GO FROM 60 TO ZERO...IN A NANO-SECOND...
BUT WHAT'S "PLAN B" AT THIS POINT...?
GOLD IS BACK!!
GOLD HAS BEEN RISING LATELY AS INVESTORS AND GOVERNMENTS REALIZE THE TRUE NATURE OF WASHINGTON'S PROBLEMS...
BUT LOOK FOR ANOTHER GOLD BASH THIS WEEK...! WHY?
GOLD SIMPLY CAN NOT BE ALLOWED TO RISE UNDER ANY CIRCUMSTANCES... GOLD BROKE OUT FRIDAY...BUT IT WAS KEPT HUSH HUSH SO AS NOT TO GIVE MOMO PLAYERS ANY STRANGE IDEAS...
BECAUSE ONCE GOLD BECOMES A MOMO PLAY...
IT'S OVER FOR THE FED...AND THE US ECONOMY...
THE NOTION OF $1000 GOLD NOW WOULD DOOM THE DOLLAR AND THE GLOBAL ECONOMY TO A DEPRESSION OF UNPRECEDENTED PROPORTIONS...
BUT LOOK FOR ANOTHER GOLD BASH THIS WEEK...! WHY?
GOLD SIMPLY CAN NOT BE ALLOWED TO RISE UNDER ANY CIRCUMSTANCES... GOLD BROKE OUT FRIDAY...BUT IT WAS KEPT HUSH HUSH SO AS NOT TO GIVE MOMO PLAYERS ANY STRANGE IDEAS...
BECAUSE ONCE GOLD BECOMES A MOMO PLAY...
IT'S OVER FOR THE FED...AND THE US ECONOMY...
THE NOTION OF $1000 GOLD NOW WOULD DOOM THE DOLLAR AND THE GLOBAL ECONOMY TO A DEPRESSION OF UNPRECEDENTED PROPORTIONS...
RED NECKS AND STUPIDS FLOCK TO MCCAIN!!
THERE IS STILL HOPE FOR MCCAIN TO WIN!!
THE RED NECKS AND RURAL STUPIDS ARE A HUGE BLOCK OF VOTES THAT CAN STILL WIN FOR MCCAIN... AND THEY WILL FLOCK TO MCCAIN AT THE LAST MINUTE...
DON'T BELIEVE THE POLLS!!
THE RED NECKS AND RURAL STUPIDS ARE A HUGE BLOCK OF VOTES THAT CAN STILL WIN FOR MCCAIN... AND THEY WILL FLOCK TO MCCAIN AT THE LAST MINUTE...
DON'T BELIEVE THE POLLS!!
ZIONISTS AND REPUBLICANS HOPING FOR "BRADLEY EFFECT!"
TIME IS RUNNING OUT FOR THE ZIONISTS AND THE WALL STREET REPUBLICANS...
ONLY THE BRADLEY EFFECT CAN SAVE THEM NOW...
STILL IT IS HARD TO IMAGINE A GOVERNMENT IN WASHINGTON THAT TRULY WILL REPRESENT THE MIDDLE CLASS...
SOMETHING WILL BE COOKED UP BY THE ELITES...EVEN NOW...THE RED NECKS AND AMERICAN STUPIDS DO NOT "DESERVE" A DEMOCRATIC GOVERNMENT IN WASHINGTON...
LET THEM STAY WITH THE REPUBLICANS WHO HAVE SCREWED THEM!!
ADDITIONALLY IT IS NOT CLEAR THAT ANYTHING CAN BE DONE TO SAVE THE AMERICAN ECONOMY AND THE AMERICAN RED NECKS FROM THEIR DISMAL FATE...
I SAY LET MCCAIN HAVE HIS WIN... WHAT CAN TURN THE US ECONOMY AROUND NOW...?
ABSOLUTELY NOTHING...
ONLY THE BRADLEY EFFECT CAN SAVE THEM NOW...
STILL IT IS HARD TO IMAGINE A GOVERNMENT IN WASHINGTON THAT TRULY WILL REPRESENT THE MIDDLE CLASS...
SOMETHING WILL BE COOKED UP BY THE ELITES...EVEN NOW...THE RED NECKS AND AMERICAN STUPIDS DO NOT "DESERVE" A DEMOCRATIC GOVERNMENT IN WASHINGTON...
LET THEM STAY WITH THE REPUBLICANS WHO HAVE SCREWED THEM!!
ADDITIONALLY IT IS NOT CLEAR THAT ANYTHING CAN BE DONE TO SAVE THE AMERICAN ECONOMY AND THE AMERICAN RED NECKS FROM THEIR DISMAL FATE...
I SAY LET MCCAIN HAVE HIS WIN... WHAT CAN TURN THE US ECONOMY AROUND NOW...?
ABSOLUTELY NOTHING...
WAR CRIMINAL BUSH SEEKS "INTERNATIONAL CRISIS" TO ELECT MCCAIN!
HOPEFULLY EVERYONE WILL JUST STAY CALM UNTIL THE WAR CRIMINAL BUSH IS OUT OF OFFICE AND SUBJECT TO INTERNATIONAL CRIMINAL JURISDICTION...
FUTURES STILL GRIM...
MY HUNCH IS THAT THIS IS THE WEEK THAT EVERYONE REALIZES THAT THE US ECONOMY IS NOT "IN KANSAS ANYMORE...!"
THE EXCEPTIONAL NATURE OF OUR "CURRENT SITUATION" SHOULD BECOME CLEARLY EVIDENT SOON...
THE DAZE OF DENIAL WILL END...SOON...
THE EXCEPTIONAL NATURE OF OUR "CURRENT SITUATION" SHOULD BECOME CLEARLY EVIDENT SOON...
THE DAZE OF DENIAL WILL END...SOON...
Sunday, October 26, 2008
WILL "NEW BRETTON WOODS" DUMP THE DOLLAR
CLEARLY THE EUROPEAN CALL FOR A "NEW BRETTON WOODS" IS AN ATTEMPT TO DUMP THE DOLLAR...
AND GET OUT FROM UNDER THE DOLLARS "SPECIAL POSITION" IN THE GLOBAL ECONOMY....
MY HUNCH IS THAT THE END OF THE DOLLAR DOMINATION OF THE WORLD WILL BE CALLED FOR AT THE NOVEMBER 15TH MEETING....
THE DOLLAR HAS BEEN ABUSED BY WALL STREET AND WASHINGTON FOR TOO LONG...
AND IT HAS BECOME UNSUSTAINABLE...
THE CURRENT GLOBAL COLLAPSE IS REALLY A DOLLAR COLLAPSE...
AND ANYONE WHO THINKS OTHERWISE IS DELUDING THEMSELVES...OR IS TAKING THE NAIVE WORLD VIEW...NOW SO PREVALENT ON WALL STREET... AND IT WASHINGTON...
SOMETHING BIG IS UP...AND A NEW BRETTON WOODS WILL NOT HELP THE US ECONOMY...THIS IS NOT 1944...
KEYNESIAN CURRENCY THINKING NEEDS SERIOUS REVISION... AND NOW... THIS IS NOT THE 1940'S...!
AND GET OUT FROM UNDER THE DOLLARS "SPECIAL POSITION" IN THE GLOBAL ECONOMY....
MY HUNCH IS THAT THE END OF THE DOLLAR DOMINATION OF THE WORLD WILL BE CALLED FOR AT THE NOVEMBER 15TH MEETING....
THE DOLLAR HAS BEEN ABUSED BY WALL STREET AND WASHINGTON FOR TOO LONG...
AND IT HAS BECOME UNSUSTAINABLE...
THE CURRENT GLOBAL COLLAPSE IS REALLY A DOLLAR COLLAPSE...
AND ANYONE WHO THINKS OTHERWISE IS DELUDING THEMSELVES...OR IS TAKING THE NAIVE WORLD VIEW...NOW SO PREVALENT ON WALL STREET... AND IT WASHINGTON...
SOMETHING BIG IS UP...AND A NEW BRETTON WOODS WILL NOT HELP THE US ECONOMY...THIS IS NOT 1944...
KEYNESIAN CURRENCY THINKING NEEDS SERIOUS REVISION... AND NOW... THIS IS NOT THE 1940'S...!
UKRAINE COLLAPSE NEXT...?
I WAS IN UKRAINE LAST MONTH FOR A COUPLE OF WEEKS... AND IT WAS BOOMING... THE SKYLINE IS NOTHING BUT CONSTRUCTION CRANES...
INDEED THE FIRST SKY SCRAPERS ARE BEING BUILT THERE NOW...
THE SOVIET STYLE WAS MORE MASS MODERNIST HOUSING PROJECTS 9 TO 15 STORIES HIGH OUT IT THE "SUBURBS."...WITH RELATIVELY SMALLER COMMERCIAL STRUCTURES DOWNTOWN...BUILT IN THE GRAND STYLE OF ST PETERSBURG. AND OF COURSE WITH A HUGE AND CHEAP-FARE METRO SYSTEM (FARE 20CENTS) TO CONNECT IT ALL. IT'S SORT OF LIKE CHICAGO IN SIZE... EXCEPT WITH BEER SOLD IN KIOSKS AND CONSUMED ON THE STREET...EVERYWHERE!
CORPORATE AND BANKING RISK WILL SOON BE SUPERSEDED BY "COUNTRY RISK" IN THE COMING COLLAPSE...ESPECIALLY FROM PLACES LIKE UKRAINE AND EASTERN EUROPE. STAY TUNED...THIS IS THE "NEXT SHOE" TO FALL PERHAPS AS EARLY AS THIS WEEK!
P.S.
PERHAPS MORE ON THE UKRAINE ECONOMY LATER...
HINT:
CRIME IS VERY LOW, ESPECIALLY DOWNTOWN. BUT THE "WILD DOGS" IN THE SUBURBS ARE REALLY THERE!!
AND THESE SO CALLED "GANGSTERS" ARE REALLY JUST URKAINE GUYS MAKING A "FASHION STATEMENT"...! IT'S JUST A "LOOK" FOR YOUNGER AND SOME MIDDLE AGE BUSINESS MEN...THEY ARE NOT REALLY "GANGSTERS"...
THIS "LOOK" PROBABLY COMES FROM THE LATTER DAYS OF COMMUNISM WHEN THE "REAL MONEY" WAS BEING MADE BY THE UNDERGROUND ECONOMY...MORE FASHION THAN REALITY NOW.
INDEED THE FIRST SKY SCRAPERS ARE BEING BUILT THERE NOW...
THE SOVIET STYLE WAS MORE MASS MODERNIST HOUSING PROJECTS 9 TO 15 STORIES HIGH OUT IT THE "SUBURBS."...WITH RELATIVELY SMALLER COMMERCIAL STRUCTURES DOWNTOWN...BUILT IN THE GRAND STYLE OF ST PETERSBURG. AND OF COURSE WITH A HUGE AND CHEAP-FARE METRO SYSTEM (FARE 20CENTS) TO CONNECT IT ALL. IT'S SORT OF LIKE CHICAGO IN SIZE... EXCEPT WITH BEER SOLD IN KIOSKS AND CONSUMED ON THE STREET...EVERYWHERE!
CORPORATE AND BANKING RISK WILL SOON BE SUPERSEDED BY "COUNTRY RISK" IN THE COMING COLLAPSE...ESPECIALLY FROM PLACES LIKE UKRAINE AND EASTERN EUROPE. STAY TUNED...THIS IS THE "NEXT SHOE" TO FALL PERHAPS AS EARLY AS THIS WEEK!
P.S.
PERHAPS MORE ON THE UKRAINE ECONOMY LATER...
HINT:
CRIME IS VERY LOW, ESPECIALLY DOWNTOWN. BUT THE "WILD DOGS" IN THE SUBURBS ARE REALLY THERE!!
AND THESE SO CALLED "GANGSTERS" ARE REALLY JUST URKAINE GUYS MAKING A "FASHION STATEMENT"...! IT'S JUST A "LOOK" FOR YOUNGER AND SOME MIDDLE AGE BUSINESS MEN...THEY ARE NOT REALLY "GANGSTERS"...
THIS "LOOK" PROBABLY COMES FROM THE LATTER DAYS OF COMMUNISM WHEN THE "REAL MONEY" WAS BEING MADE BY THE UNDERGROUND ECONOMY...MORE FASHION THAN REALITY NOW.
FED WILL "CURE" DEBT COLLAPSE WITH MORE EASY MONEY!!
CAN A DEBT DEBACLE CAUSED BY EASY MONEY BE "CURED" BY MORE EASY MONEY...?
OF COURSE NOT! BUT THE FED IS UP TO IT'S NECK IN BULLSHIT NOW... SO WHY STOP NOW!
THE TRUTH IS THAT A RATE HIKE IS WHAT IS NEEDED TO "SAVE THE DOLLAR"...THEN A REAL SOLUTION TO THE EASY MONEY BUBBLE CAN BE ALLOWED TO HAPPEN...
CHANCES ARE THAT ONCE THE FED "LOWERS RATES" AND PUSHES MORE MONEY INTO THE SYSTEM THERE WILL BE NO ONE ON MAIN STREET ABLE TO OR WANTING MORE DEBT...
SO THE BANKS MAY "CREATE" A NEW ASSET BUBBLE IN THEIR OWN STOCKS!
OR ATTEMPT TO "INFLATE" SOME OTHER ASSET CLASS AS YET UNDETERMINED...
BUT THE VAST AND BANKRUPT US ECONOMY REALLY CAN'T BE SAVED...IT "PRODUCES" NOTHING BUT ASSET BUBBLES...WITH THE "MAGIC" DOLLAR...
AND THOSE DAZE ARE OVER...!!
THE REALLY HARD JOB IS INFORMING WALL STREET, WASHINGTON AND EVENTUALLY MAIN STREET...THAT THE DOLLAR BUBBLE AND THE ASSET INFLATION IS OVER...
FOR GOOD! AND IT AIN'T COMIN BACK ANYTIME SOON...!
OF COURSE NOT! BUT THE FED IS UP TO IT'S NECK IN BULLSHIT NOW... SO WHY STOP NOW!
THE TRUTH IS THAT A RATE HIKE IS WHAT IS NEEDED TO "SAVE THE DOLLAR"...THEN A REAL SOLUTION TO THE EASY MONEY BUBBLE CAN BE ALLOWED TO HAPPEN...
CHANCES ARE THAT ONCE THE FED "LOWERS RATES" AND PUSHES MORE MONEY INTO THE SYSTEM THERE WILL BE NO ONE ON MAIN STREET ABLE TO OR WANTING MORE DEBT...
SO THE BANKS MAY "CREATE" A NEW ASSET BUBBLE IN THEIR OWN STOCKS!
OR ATTEMPT TO "INFLATE" SOME OTHER ASSET CLASS AS YET UNDETERMINED...
BUT THE VAST AND BANKRUPT US ECONOMY REALLY CAN'T BE SAVED...IT "PRODUCES" NOTHING BUT ASSET BUBBLES...WITH THE "MAGIC" DOLLAR...
AND THOSE DAZE ARE OVER...!!
THE REALLY HARD JOB IS INFORMING WALL STREET, WASHINGTON AND EVENTUALLY MAIN STREET...THAT THE DOLLAR BUBBLE AND THE ASSET INFLATION IS OVER...
FOR GOOD! AND IT AIN'T COMIN BACK ANYTIME SOON...!
THE TRUTH ABOUT OIL...AND THE "ZOMBIE DOLLAR!"
MUCH OF THE MEDIA BLATHER FROM 20 YEAR OLD "BIMBO EXPERTS" ...ON CABLE TELEVISION IS THAT OIL IS DOWN BECAUSE OF A FALL IN DEMAND...
THAT IS OBVIOUSLY TOTAL BULLSHIT...
THIS CRISIS IS ONLY A FEW WEEKS OLD...MANY PEOPLE HAVEN'T EVEN HAD TO "FILL UP" THEIR GAS TANKS YET...!
THE REAL REASON FOR THE DECLINE IN OIL, GOLD AND MOST ASSETS IS THE COLLAPSE OF THE DOLLAR BUBBLE...PURE AND SIMPLE.
THE ORIGINS OF THE COLLAPSE OF THE DOLLAR CAME OUT OF THE HOUSE BUBBLE COLLAPSE...
THE HOUSE BUBBLE CALLED THE BLUFF OF THE DOLLAR PRINTERS...LIKE GREENSPAN AND BERNANKE.
AND THAT HAS NOW SPEAD TO OTHER "ASSET CLASSES" ...LIKE STOCKS...AND COMMODITIES...AND THE WEIRD DERIVATIVES AND SWAPS MARKET.
AT SOME POINT.... THE BOND AND GOLD MARKET WILL START TO BE IMPACTED...
AS MORE PEOPLE AND GOVERNMENTS REALIZE THE REAL CONSEQUENCES OF THIS DOLLAR BUBBLE COLLAPSE...
THE MASSIVE PRINTING OF MONEY...A/K/A INJECTION OF "CAPITAL" INTO THE BANKS WAS ONLY THE FIRST STEP...
NOW, INSURANCE COMPANIES ARE BEING BAILED OUT...!
SOON PENSION FUNDS! STATE AND LOCAL GOVERNMENTS....!
EVENTUALLY, IT WILL SPREAD TO SOCIAL SECUIRTY , MEDICARE, MEDICAID....
THEN, INTO "STIMULOUS PACKAGES" ....
SO THE AMERICAN GREAT UNWASHED CAN "GO SHOPPING" AGAIN...SINCE THEIR CREDIT CARDS HAVE MAXED OUT...!!
IN SHORT, THE DOLLAR COLLAPSE HAS NO END IN SIGHT...
YES, WASHINGTON AND WALL STREET WILL FIGHT IT...
AND IN THE PROCESS DIG THE HOLE DEEPER...
THE BOTTOM LINE IS THAT IT'S OVER FOR THE US DOLLAR...NOTHING ON EARTH CAN SAVE IT NOW....
THE DOLLAR IS A "MONETARY ZOMBIE"...
IT IS BEING SUPPORTED BY DELUDED FORMER COMMUNIST GOVERNMENTS IN CHINA AND RUSSIA...WHO WILL LIKELY "MOVE IN FOR THE KILL" SOON...
THE DOLLAR IS DOOMED AND THE POX AMERICANA IS OVER.... THE EUROPEANS SHOULD SIMPLY STAND CLEAR....ASAP!!
NEWS THAT GERMANY AND RUSSIA ARE INCREASING BUSINESS TIES...IS ONE WAY THAT EUROPE CAN GO...TO GET OUT OF THE DYING "DOLLAR WORLD."
WHAT NEXT...?
INVEST "AS IF" THE DOLLAR IS TOAST... BECAUSE IT IS...!
AND THAT MEANS GOLD AND HARD ASSETS ARE BUYS...
AND PERHAPS SOME STOCKS COULD BE BARGAINS...PERHAPS SOME REAL ESTATE IS NOW DISTRESSED ENOUGH TO BE LOOKED AT...JUST NOT YET!
IT IS TIME FOR THOSE WITH CASH...TO START MAKING "ABSURD OFFERS" ON SOME ASSETS....
OR TO JUST WAIT UNTIL PRICES COME TO THEM... AND THEY WILL!
IN SHORT...DON'T CHASE ASSETS AT THIS POINT... LET THEM COME TO YOU...!!
PLACE THIS ALL IN THE CONTEXT OF A NEW "POST DOLLAR WORLD" THAT IS DAWNING ON US EVERYDAY...
A VERY VERY CHEAP EURO WOULD BE A GIFT TO DOLLAR HOLDERS...
ANY DECLINE IN GOLD BELOW 700 WOULD BE ANOTHER GIFT...
SWEETHEART DEALS WITH PANICKED BANKS ON REAL ESTATE YET ANOTHER...
BUT HOLD YOUR FIRE...
THIS COLLAPSE HAS A LONG LONG WAY TO GO...!!
WHY?
WELL BECAUSE 90% OF WHATS REALLY HAPPENING HAS NOT EVEN BEEN DISCUSSED IN THE US FINANCIAL MEDIA... OUT OF FEAR OF CAUSING A "PANIC" IN THE PUBLIC MIND...
ALL THE CARDS WILL BE ON THE TABLE SOONER OR LATER...
AND TRUST ME...THINGS WILL LOOK A LOT DIFFERENT AND A LOT WORSE THAN THEY LOOK TODAY...
WE ARE NO WHERE NEAR A BOTTOM ON ANYTHING... EXCEPT PERHAPS GOLD...
THERE WILL BE AN ATTEMPT TO BASH GOLD ON MONDAY IN VIEW OF ITS HUGE SPIKE ON FRIDAY...
BUT ANY DECLINES BASED ON CENTRAL BANK SELLING WILL BE THE BUY OF A LIFETIME...
THAT IS OBVIOUSLY TOTAL BULLSHIT...
THIS CRISIS IS ONLY A FEW WEEKS OLD...MANY PEOPLE HAVEN'T EVEN HAD TO "FILL UP" THEIR GAS TANKS YET...!
THE REAL REASON FOR THE DECLINE IN OIL, GOLD AND MOST ASSETS IS THE COLLAPSE OF THE DOLLAR BUBBLE...PURE AND SIMPLE.
THE ORIGINS OF THE COLLAPSE OF THE DOLLAR CAME OUT OF THE HOUSE BUBBLE COLLAPSE...
THE HOUSE BUBBLE CALLED THE BLUFF OF THE DOLLAR PRINTERS...LIKE GREENSPAN AND BERNANKE.
AND THAT HAS NOW SPEAD TO OTHER "ASSET CLASSES" ...LIKE STOCKS...AND COMMODITIES...AND THE WEIRD DERIVATIVES AND SWAPS MARKET.
AT SOME POINT.... THE BOND AND GOLD MARKET WILL START TO BE IMPACTED...
AS MORE PEOPLE AND GOVERNMENTS REALIZE THE REAL CONSEQUENCES OF THIS DOLLAR BUBBLE COLLAPSE...
THE MASSIVE PRINTING OF MONEY...A/K/A INJECTION OF "CAPITAL" INTO THE BANKS WAS ONLY THE FIRST STEP...
NOW, INSURANCE COMPANIES ARE BEING BAILED OUT...!
SOON PENSION FUNDS! STATE AND LOCAL GOVERNMENTS....!
EVENTUALLY, IT WILL SPREAD TO SOCIAL SECUIRTY , MEDICARE, MEDICAID....
THEN, INTO "STIMULOUS PACKAGES" ....
SO THE AMERICAN GREAT UNWASHED CAN "GO SHOPPING" AGAIN...SINCE THEIR CREDIT CARDS HAVE MAXED OUT...!!
IN SHORT, THE DOLLAR COLLAPSE HAS NO END IN SIGHT...
YES, WASHINGTON AND WALL STREET WILL FIGHT IT...
AND IN THE PROCESS DIG THE HOLE DEEPER...
THE BOTTOM LINE IS THAT IT'S OVER FOR THE US DOLLAR...NOTHING ON EARTH CAN SAVE IT NOW....
THE DOLLAR IS A "MONETARY ZOMBIE"...
IT IS BEING SUPPORTED BY DELUDED FORMER COMMUNIST GOVERNMENTS IN CHINA AND RUSSIA...WHO WILL LIKELY "MOVE IN FOR THE KILL" SOON...
THE DOLLAR IS DOOMED AND THE POX AMERICANA IS OVER.... THE EUROPEANS SHOULD SIMPLY STAND CLEAR....ASAP!!
NEWS THAT GERMANY AND RUSSIA ARE INCREASING BUSINESS TIES...IS ONE WAY THAT EUROPE CAN GO...TO GET OUT OF THE DYING "DOLLAR WORLD."
WHAT NEXT...?
INVEST "AS IF" THE DOLLAR IS TOAST... BECAUSE IT IS...!
AND THAT MEANS GOLD AND HARD ASSETS ARE BUYS...
AND PERHAPS SOME STOCKS COULD BE BARGAINS...PERHAPS SOME REAL ESTATE IS NOW DISTRESSED ENOUGH TO BE LOOKED AT...JUST NOT YET!
IT IS TIME FOR THOSE WITH CASH...TO START MAKING "ABSURD OFFERS" ON SOME ASSETS....
OR TO JUST WAIT UNTIL PRICES COME TO THEM... AND THEY WILL!
IN SHORT...DON'T CHASE ASSETS AT THIS POINT... LET THEM COME TO YOU...!!
PLACE THIS ALL IN THE CONTEXT OF A NEW "POST DOLLAR WORLD" THAT IS DAWNING ON US EVERYDAY...
A VERY VERY CHEAP EURO WOULD BE A GIFT TO DOLLAR HOLDERS...
ANY DECLINE IN GOLD BELOW 700 WOULD BE ANOTHER GIFT...
SWEETHEART DEALS WITH PANICKED BANKS ON REAL ESTATE YET ANOTHER...
BUT HOLD YOUR FIRE...
THIS COLLAPSE HAS A LONG LONG WAY TO GO...!!
WHY?
WELL BECAUSE 90% OF WHATS REALLY HAPPENING HAS NOT EVEN BEEN DISCUSSED IN THE US FINANCIAL MEDIA... OUT OF FEAR OF CAUSING A "PANIC" IN THE PUBLIC MIND...
ALL THE CARDS WILL BE ON THE TABLE SOONER OR LATER...
AND TRUST ME...THINGS WILL LOOK A LOT DIFFERENT AND A LOT WORSE THAN THEY LOOK TODAY...
WE ARE NO WHERE NEAR A BOTTOM ON ANYTHING... EXCEPT PERHAPS GOLD...
THERE WILL BE AN ATTEMPT TO BASH GOLD ON MONDAY IN VIEW OF ITS HUGE SPIKE ON FRIDAY...
BUT ANY DECLINES BASED ON CENTRAL BANK SELLING WILL BE THE BUY OF A LIFETIME...
HOW TO GET BANKS TO LEND AGAIN...
OK...CONSIDER:
THE US ECONOMY IS COLLAPSING UNDER THE WEIGHT OF BAD DEBT FROM THE RECENT CREDIT BUBBLE...
AND THE YEARS LONG BORROWING BINGE OF AMERICAN CONSUMERS AND CORPORATIONS...
NOW...TO "SOLVE" THE PROBLEM...?
WALL STREET AND WASHINGTON ARE TRYING TO GET THE BANKS TO "LEND AGAIN"...
TO THESE VERY SAME CONSUMERS AND CORPORATIONS!
BUT WASN'T IT THE BANK'S LENDING THAT CAUSED THE PROBLEM IN THE FIRST PLACE...?
IS THERE A PROBLEM HERE...?
OR... IS THIS NORMAL BULLSHIT FROM THE NON-PRODUCTIVE AMERICAN ECONOMY.
THE US ECONOMY IS COLLAPSING UNDER THE WEIGHT OF BAD DEBT FROM THE RECENT CREDIT BUBBLE...
AND THE YEARS LONG BORROWING BINGE OF AMERICAN CONSUMERS AND CORPORATIONS...
NOW...TO "SOLVE" THE PROBLEM...?
WALL STREET AND WASHINGTON ARE TRYING TO GET THE BANKS TO "LEND AGAIN"...
TO THESE VERY SAME CONSUMERS AND CORPORATIONS!
BUT WASN'T IT THE BANK'S LENDING THAT CAUSED THE PROBLEM IN THE FIRST PLACE...?
IS THERE A PROBLEM HERE...?
OR... IS THIS NORMAL BULLSHIT FROM THE NON-PRODUCTIVE AMERICAN ECONOMY.
WHO WILL BAILOUT BOOMER RETIREMENTS...?
AND WHO WILL BAIL OUT SOCIAL SECURITY AND MEDICARE...NOW?
OR WILL THEY BE ABOLISHED TO SAVE WALL STREET... AND THE INTERNATIONAL BANKS...?
OR WILL THEY BE ABOLISHED TO SAVE WALL STREET... AND THE INTERNATIONAL BANKS...?
AMERICAN YOUTH FLEE US ECONOMY!! GOING EXPAT!!
GET A PASSPORT IF YOU DON'T HAVE ONE... THE NEED TO BUG OUT OF THE US ECONOMY IS A REAL POSSIBILITY...
REMEMBER YOU CAN'T GO BANKRUPT ON STUDENT LOANS!!
REMEMBER YOU CAN'T GO BANKRUPT ON STUDENT LOANS!!
Saturday, October 25, 2008
NEW BRETTON WOODS NEEDS A "NEW KEYNES!"
HERE IS AN OPPORTUNITY FOR SOME KEY ECONOMIST TO RATIONALIZE THE SYSTEM...LIKE KEYNES DID IN 1945...
THE OLD BRETTON WOODS SYSTEM WAS ABANDON IN 1971...BUT WAS NEVER GIVEN A DECENT BURIAL!
THEN RAY-GUN-OMICS KICKED IN IN 1982...AND TURNED THE DEAD BRETTON WOODS SCHEME INTO THE ECONOMIC ZOMBIE THAT WE HAVE TODAY...AND WHICH IS NOW DESTROYING THE WORLD AS WE HAVE KNOWN IT!!
LET US HOPE THAT SOMEONE LIKE KRUGMAN OR ANY SOCIAL DEMOCRAT HAS THE NEEDED INPUT TO FASHION A NEW SUSTAINABLE SYSTEM...
GENTLEMEN, PREPARE YOUR THESIS!!
THE OLD BRETTON WOODS SYSTEM WAS ABANDON IN 1971...BUT WAS NEVER GIVEN A DECENT BURIAL!
THEN RAY-GUN-OMICS KICKED IN IN 1982...AND TURNED THE DEAD BRETTON WOODS SCHEME INTO THE ECONOMIC ZOMBIE THAT WE HAVE TODAY...AND WHICH IS NOW DESTROYING THE WORLD AS WE HAVE KNOWN IT!!
LET US HOPE THAT SOMEONE LIKE KRUGMAN OR ANY SOCIAL DEMOCRAT HAS THE NEEDED INPUT TO FASHION A NEW SUSTAINABLE SYSTEM...
GENTLEMEN, PREPARE YOUR THESIS!!
WORLD FLOCKS TO SICK DOLLAR!!
THIS IS GOING TO GET VERY INTERESTING...
AS PEOPLE AND NATIONS FLOCK INTO THE VERY CURRENCY THAT CAUSED THE CRISIS...
AND WHOSE COLLAPSE WILL END THE CRISIS AND RESTORE RATIONALITY TO THE SYSTEM...
WATCH FOR GOLD TO SOAR...ALONG WITH THE DOLLAR ...AS THE SERIAL BAILOUTS GET ROLLING!
SOME WILL SEEK ONLY "DOLLAR LIQUIDITY" FOR DEBT PAYMENTS...
WHILE OTHERS...PERHAPS WISER OR LESS DESPERATE...SEEK CAPITAL AND WEALTH PRESERVATION IN GOLD...!
THIS IS GOING TO GET MEDIEVAL VERY QUICKLY!
GUNS, GOLD AND SMOKED HAMS COULD BE THE ONLY SAFE BETS...SOON!
AS PEOPLE AND NATIONS FLOCK INTO THE VERY CURRENCY THAT CAUSED THE CRISIS...
AND WHOSE COLLAPSE WILL END THE CRISIS AND RESTORE RATIONALITY TO THE SYSTEM...
WATCH FOR GOLD TO SOAR...ALONG WITH THE DOLLAR ...AS THE SERIAL BAILOUTS GET ROLLING!
SOME WILL SEEK ONLY "DOLLAR LIQUIDITY" FOR DEBT PAYMENTS...
WHILE OTHERS...PERHAPS WISER OR LESS DESPERATE...SEEK CAPITAL AND WEALTH PRESERVATION IN GOLD...!
THIS IS GOING TO GET MEDIEVAL VERY QUICKLY!
GUNS, GOLD AND SMOKED HAMS COULD BE THE ONLY SAFE BETS...SOON!
GOLD SOARS AMID SERIAL BAILOUTS!!
THE BIG NEWS YESTERDAY WAS THAT GOLD HAS QUIT FALLING...AND ROSE NICELY IN THE WAKE OF MORE SERIAL BAILOUTS AND MONEY PRINTING BY THE FED...
THIS ENDS THE "ANOMALY" OF FALLING GOLD....AND RESTORES SOME BASIC ECONOMICS 101 TO A SYSTEM THAT WAS IN TOTAL PANIC MODE FOR MOST OF THE WEEK...
EVENTUALLY SOME INVESTORS AND INDEED GOVERNMENTS WILL REALIZE THAT ONLY GOLD AND GOLD RESERVES CAN SAVE THEM...FROM THE COMING HYPER-INFLATION AND INEVITABLE DOLLAR COLLAPSE...WHICH IS REALLY WHAT THIS WHOLE EPISODE IS ALL ABOUT!!
THE FED IS NOW NATIONALIZING THE INSURANCE COMPANIES... LAST WEEK IT WAS THE BANKS...WHICH ARE HAVING THEIR M&A ACTIVITY FINANCED BY THE US TAXPAYERS... ARE AUTOS NEXT...THEN THE PUBLIC PENSION PLANS...THEN THE PRIVATE PENSIONS PLANS...ETC ETC...!!
IT IS OBVIOUS THAT THE US ECONOMY CAN NOT BE SAVED...
AND THAT THE SERIAL BAILOUTS NOW ON THE BOOKS...AND YET TO COME WILL CAUSE A DISASTEROUS HYPER-INFLATION OF THE GLOBAL ECONOMY...AND COLLAPSE OF THE DOLLAR...
GOLD IS STILL A MASSIVE BUY HERE...
SLOWLY SLOWLY RATIONALITY IS RETURNING.... SOON EVERYONE WILL JUST BE WATCHING OUT FOR THEMSELF....IE "BEGGER THY NEIGHBOR"....
ONE OF THE BIG FALLACIES OF THE CURRENT GENERATION IS THAT THE GENERATION OF THE 1930'S...."DID IT WRONG"...!
THEY DID NOT! THEY FOLLOWED THE SAME LOGIC THAT WE ARE AS THEY THEN...AND US NOW...INEVITABLY GO DOWN THE ECONOMIC RAT HOLE!!
PUT ANOTHER WAY....THERE ARE NOT MANY CHOICES LEFT FOR THE FED AND WASHINGTON...
AND ALL THE ROADS LEAD TO RUIN... WHICH IS THE PREDETERMINED CONCLUSION...
THIS ENDS THE "ANOMALY" OF FALLING GOLD....AND RESTORES SOME BASIC ECONOMICS 101 TO A SYSTEM THAT WAS IN TOTAL PANIC MODE FOR MOST OF THE WEEK...
EVENTUALLY SOME INVESTORS AND INDEED GOVERNMENTS WILL REALIZE THAT ONLY GOLD AND GOLD RESERVES CAN SAVE THEM...FROM THE COMING HYPER-INFLATION AND INEVITABLE DOLLAR COLLAPSE...WHICH IS REALLY WHAT THIS WHOLE EPISODE IS ALL ABOUT!!
THE FED IS NOW NATIONALIZING THE INSURANCE COMPANIES... LAST WEEK IT WAS THE BANKS...WHICH ARE HAVING THEIR M&A ACTIVITY FINANCED BY THE US TAXPAYERS... ARE AUTOS NEXT...THEN THE PUBLIC PENSION PLANS...THEN THE PRIVATE PENSIONS PLANS...ETC ETC...!!
IT IS OBVIOUS THAT THE US ECONOMY CAN NOT BE SAVED...
AND THAT THE SERIAL BAILOUTS NOW ON THE BOOKS...AND YET TO COME WILL CAUSE A DISASTEROUS HYPER-INFLATION OF THE GLOBAL ECONOMY...AND COLLAPSE OF THE DOLLAR...
GOLD IS STILL A MASSIVE BUY HERE...
SLOWLY SLOWLY RATIONALITY IS RETURNING.... SOON EVERYONE WILL JUST BE WATCHING OUT FOR THEMSELF....IE "BEGGER THY NEIGHBOR"....
ONE OF THE BIG FALLACIES OF THE CURRENT GENERATION IS THAT THE GENERATION OF THE 1930'S...."DID IT WRONG"...!
THEY DID NOT! THEY FOLLOWED THE SAME LOGIC THAT WE ARE AS THEY THEN...AND US NOW...INEVITABLY GO DOWN THE ECONOMIC RAT HOLE!!
PUT ANOTHER WAY....THERE ARE NOT MANY CHOICES LEFT FOR THE FED AND WASHINGTON...
AND ALL THE ROADS LEAD TO RUIN... WHICH IS THE PREDETERMINED CONCLUSION...
Friday, October 24, 2008
PLUNGE PROTECTION FREEZES MARKETS!
PLUNGE PROTECTION HAS FROZEN THE DOW BETWEEN 8200 AND 8400 FOR THE DURATION OF TODAY...
THIS IS OK...BUT IT REALLY PREVENTS THE MARKET FROM OPERATING "FREELY"...
BUT THE NOTION OF FREE MARKETS SEEMS TO BE PASSE NOW...WITH WASHINGTON PRETTY MUCH CONTROLLING WHATEVER IT CAN CONTROL...
PLUNGE PROTECTION TODAY ASSURES MORE PAIN NEXT WEEK...
AND THE BEAT GOES ON...
THE AMERICAN "HOLLOW SHELL" ECONOMY IS "TOO BIG TO FAIL...!!"
THIS IS OK...BUT IT REALLY PREVENTS THE MARKET FROM OPERATING "FREELY"...
BUT THE NOTION OF FREE MARKETS SEEMS TO BE PASSE NOW...WITH WASHINGTON PRETTY MUCH CONTROLLING WHATEVER IT CAN CONTROL...
PLUNGE PROTECTION TODAY ASSURES MORE PAIN NEXT WEEK...
AND THE BEAT GOES ON...
THE AMERICAN "HOLLOW SHELL" ECONOMY IS "TOO BIG TO FAIL...!!"
PLUNGE PROTECTION CALLED IN....
CLEARLY PLUNGE PROTECTION WAS IN THE MARKET THIS MORNING AFTER THE ASIAN SELL OFF...
THE NOTION IS TO KEEP THE LIQUIDATION "ORDERLY."
BUT OF COURSE THAT MEANS THE "CAPITULATION" SELLING CAN'T OCCUR...
SO THERE IS A CONFLICT BETWEEN THOSE WHO WANT CAPITULATION TO HAPPEN...AND THE FED AND WASHINGTON WHO HAVE AN INTEREST IN KEEPING MARKETS ORDERLY...
INDEED IT IS THIS URGE TO "MANAGE MARKETS" FROM GREENSPAN ON DOWN THAT HAS CAUSED THE CURRENT CRISIS IN THE FIRST PLACE...
WITH PLUNGE PROTECTION THE BOTTOM ON THE DOW COULD BE IN THE 5000 AREA...AT THIS RATE...
WITHOUT PLUNGE PROTECION THE DOW MIGHT STABILIZE AT 6000...
SO MANAGED MARKETS COME WITH A COST...!
SEPERATELY THE DECLINE IN GOLD CONTINUES BUT THE RATE OF DECEND IS SLOWING WHICH COULD MEAN THAT A LOT OF PEOPLE ARE NOW BETTING ON GOLD INSTEAD OF THE US DOLLAR AS THE REAL STORE OF VALUE...
PRINT BEN, PRINT MAY BE REACHING IT'S LIMITS OF USEFULNESS...!
HOW THIS MARKET FINISHES IS ANYONE GUESS...WITH STRONG PLUNGE PROTECTION THE US TREASURY COULD JUST HOLD THE 300 POINT LOSS UNTIL THE END OF THE DAY... ESSENTIALLY BUYING ALL COMERS...
THAT IS WHAT PASSES FOR "SUCCESS" IN WASHINGTON THESE DAZE...THE ABILITY TO CONTROL THE CRASH... NOT CURE IT!!
THE DOW COULD TREAD WATER UNTIL LUNCH...
OF COURSE THE 3PM HOUR WILL BE THE REAL KEY... TO SOAR AFTER 3PM... SELLERS WOULD HAVE TO GO HOME ...AND PLUNGE PROTECTION JUST KEEP BUYING...FOR A PLUS 500 UP DOW CLOSE...
THAT WOULD BE ABOUT THE SICKEST THING THAT COULD HAPPEN... OF COURSE IT WOULD BE "HEADLINED" AS BARGAIN HUNTING...!
SINCE "SICKNESS" IS AT THE CORE OF THIS MARKET...ANYTHING COULD HAPPEN...AND PROBABLY WILL.
THE BOTTOM IS A LONG LONG WAY OFF NOW... STAY TUNED.
THE NOTION IS TO KEEP THE LIQUIDATION "ORDERLY."
BUT OF COURSE THAT MEANS THE "CAPITULATION" SELLING CAN'T OCCUR...
SO THERE IS A CONFLICT BETWEEN THOSE WHO WANT CAPITULATION TO HAPPEN...AND THE FED AND WASHINGTON WHO HAVE AN INTEREST IN KEEPING MARKETS ORDERLY...
INDEED IT IS THIS URGE TO "MANAGE MARKETS" FROM GREENSPAN ON DOWN THAT HAS CAUSED THE CURRENT CRISIS IN THE FIRST PLACE...
WITH PLUNGE PROTECTION THE BOTTOM ON THE DOW COULD BE IN THE 5000 AREA...AT THIS RATE...
WITHOUT PLUNGE PROTECION THE DOW MIGHT STABILIZE AT 6000...
SO MANAGED MARKETS COME WITH A COST...!
SEPERATELY THE DECLINE IN GOLD CONTINUES BUT THE RATE OF DECEND IS SLOWING WHICH COULD MEAN THAT A LOT OF PEOPLE ARE NOW BETTING ON GOLD INSTEAD OF THE US DOLLAR AS THE REAL STORE OF VALUE...
PRINT BEN, PRINT MAY BE REACHING IT'S LIMITS OF USEFULNESS...!
HOW THIS MARKET FINISHES IS ANYONE GUESS...WITH STRONG PLUNGE PROTECTION THE US TREASURY COULD JUST HOLD THE 300 POINT LOSS UNTIL THE END OF THE DAY... ESSENTIALLY BUYING ALL COMERS...
THAT IS WHAT PASSES FOR "SUCCESS" IN WASHINGTON THESE DAZE...THE ABILITY TO CONTROL THE CRASH... NOT CURE IT!!
THE DOW COULD TREAD WATER UNTIL LUNCH...
OF COURSE THE 3PM HOUR WILL BE THE REAL KEY... TO SOAR AFTER 3PM... SELLERS WOULD HAVE TO GO HOME ...AND PLUNGE PROTECTION JUST KEEP BUYING...FOR A PLUS 500 UP DOW CLOSE...
THAT WOULD BE ABOUT THE SICKEST THING THAT COULD HAPPEN... OF COURSE IT WOULD BE "HEADLINED" AS BARGAIN HUNTING...!
SINCE "SICKNESS" IS AT THE CORE OF THIS MARKET...ANYTHING COULD HAPPEN...AND PROBABLY WILL.
THE BOTTOM IS A LONG LONG WAY OFF NOW... STAY TUNED.
FED CAN'T PRINT MONEY FAST ENOUGH !!
ESSENTIALLY THE FED CAN'T PRINT MONEY FAST ENOUGH TO "SOLVE" THE US ECONOMIC COLLAPSE...
AND FOR THAT WE SHOULD ALL BE THANKFUL... THE COLLAPSE IS CONTINUING DESPITE FED MONEY PRINTING....
BUT REMEMBER THIS...THE ONLY THING WORSE WOULD BE IF THE FED DID "LIQUIFY" THE US ECONOMY WITH MONEY PRINTING...
THAT WOULD BE THE HYPER-INFLATION SCENARIO... WHICH IS NOT ON THE CURRENT RADAR...
BUT WILL BE AFTER 2009... THE MONETARY FIRE HOSE ISN'T WORKING... AND FOR RATIONAL PEOPLE THAT IS A TRUE BLESSING!!
BECAUSE ONCE THE MONETARY FIRE HOSE STARTS "WORKING" THE HYPER-INFLATION WILL BE UPON US!!
"PRINT, BEN PRINT..." IS LIKE "DRILL BABY, DRILL..."
BULLSHIT WILL NOT SOLVE THESE CURRENT PROBLEMS...OF A HOLLOW ECONOMY THAT IS LEVERED BEYOND ALL HOPE OF SURVIVAL!
AND FOR THAT WE SHOULD ALL BE THANKFUL... THE COLLAPSE IS CONTINUING DESPITE FED MONEY PRINTING....
BUT REMEMBER THIS...THE ONLY THING WORSE WOULD BE IF THE FED DID "LIQUIFY" THE US ECONOMY WITH MONEY PRINTING...
THAT WOULD BE THE HYPER-INFLATION SCENARIO... WHICH IS NOT ON THE CURRENT RADAR...
BUT WILL BE AFTER 2009... THE MONETARY FIRE HOSE ISN'T WORKING... AND FOR RATIONAL PEOPLE THAT IS A TRUE BLESSING!!
BECAUSE ONCE THE MONETARY FIRE HOSE STARTS "WORKING" THE HYPER-INFLATION WILL BE UPON US!!
"PRINT, BEN PRINT..." IS LIKE "DRILL BABY, DRILL..."
BULLSHIT WILL NOT SOLVE THESE CURRENT PROBLEMS...OF A HOLLOW ECONOMY THAT IS LEVERED BEYOND ALL HOPE OF SURVIVAL!
US ECONOMY: A HOLLOW SHELL LEVERED x30!!
ESSENTIALLY THE US ECONOMY IS NOW BANKRUPT...
IT IS A HOLLOW SHELL...THAT WAS LEVERED 30 AND 40 TIMES ....
THE ONLY THING HOLDING IT UP IS FED MONEY PRINTING...!!
THIS PLUNGE WILL NOT END UNTIL THE PRICE OF GOLD STARTS GOING UP TO REFLECT A REALIZATION THAT THE US IS ON THE VERGE OF HYPER-INFLATING IT'S CURRENCY...
RIGHT NOW THE MASS SELLING AND FORCED LIQUIDATIONS ARE "FORCING" EVERYONE TO SETTLE THEIR ACCOUNTS "IN DOLLARS"....
AND THAT IS HAVING KNOCK ON CONSEQUENCES IN SMALLER ECONOMIES WHO WILL SOON BE FORCED TO DEFEND THEIR CURRENCIES...
THIS BLOOD BATH MAY BE IN THE STOCK MARKETS AND COMMODITIES PITS NOW...
BUT IT WILL MOVE TO THE CURRENCY MARKETS SOON....
GOLD IS A MASSIVE BUY ON FURTHER WEAKNESS...ONCE THE HYPER-INFLATION SCENARIO IS EXPOSED IN THE US....
AND THAT WILL LIKELY OCCUR WHEN THE PANIC SELLING STOPS...WHICH IS A LONG LONG WAY OFF...
REMEMBER WE HAVE NOT EVEN STARTED TO "RATIONALIZE" CREDIT CARDS, THE US BUDGET DEFICITS, THE "OFF THE BOOKS" WAR SPENDING, AND THE MASSIVE ENTITLEMENTS WHICH ARE ALL "TOO BIG TO FAIL!" NOT TO MENTION THE TRADE DEFICITS AND THE MASSIVE CHINA MONEY HOARD WHICH IS ON FIRE NOW!
"TOO BIG TO FAIL" IS THE CURRENT FALLACY...AND IT WILL TRASH THE DOLLAR SOON...PROBABLY IN THE NEXT FEW MONTHS...
ESSENTIALLY, THE US "SHELL ECONOMY" IS BEING BROUGHT DOWN NOW...RATIONALIZED...AND FORCE TO ACCOUNT...
AND THERE IS NOTHING ANYONE CAN DO ABOUT IT...
IF RATIONAL ECONOMICS HAD BEEN ALLOWED TO WORK...ABOUT 10 YEARS AGO...THIS COULD HAVE BEEN AVOIDED...
BUT INSTEAD THE GLOBAL ECONOMY "DRANK THE KOOL-AID" THAT GREENSPAN, WALL STREET AND WASHINGTON PASSED OUT...
AND NOW THE KOOL AIDE IS STARTING TO WORK...AROUND THE WORLD!
ONE YEAR FROM NOW...GOLD WILL SEEM LIKE A STEAL...AT TODAY'S PRICES...
WHEN THE PLUNGING DOLLAR FINISHES THE JOB...AND THE HYPER-INFLATION KICKS IN...
HOW BAD WILL IT GET... PROBABLY TOTAL COLLAPSE...
IMAGINE IF WIEMAR GERMANY HAD BEEN IN THE GLOBAL DRIVERS SEAT IN 1922....WITH MASSIVE DEBT AROUND THE WORLD...(WHICH IT HAD TO SOME EXTENT)...
REMEMBER IN WIEMAR IT WAS THE CUTTING OFF OF CREDIT GLOBALLY THAT REALLY KICKED UP THE HYPER-INFLATION...AND CAUSED THE COLLAPSE...WHICH EVENTUALLY LEAD TO THE GREAT DEPRESSION...
THAT IS HOW THIS ENDS... WE HAVE AN HISTORICALLY RECORD TO BACK THIS UP... A SERIES OF UNFORTUNATE EVENTS IS NOW STARTING.
IT IS A HOLLOW SHELL...THAT WAS LEVERED 30 AND 40 TIMES ....
THE ONLY THING HOLDING IT UP IS FED MONEY PRINTING...!!
THIS PLUNGE WILL NOT END UNTIL THE PRICE OF GOLD STARTS GOING UP TO REFLECT A REALIZATION THAT THE US IS ON THE VERGE OF HYPER-INFLATING IT'S CURRENCY...
RIGHT NOW THE MASS SELLING AND FORCED LIQUIDATIONS ARE "FORCING" EVERYONE TO SETTLE THEIR ACCOUNTS "IN DOLLARS"....
AND THAT IS HAVING KNOCK ON CONSEQUENCES IN SMALLER ECONOMIES WHO WILL SOON BE FORCED TO DEFEND THEIR CURRENCIES...
THIS BLOOD BATH MAY BE IN THE STOCK MARKETS AND COMMODITIES PITS NOW...
BUT IT WILL MOVE TO THE CURRENCY MARKETS SOON....
GOLD IS A MASSIVE BUY ON FURTHER WEAKNESS...ONCE THE HYPER-INFLATION SCENARIO IS EXPOSED IN THE US....
AND THAT WILL LIKELY OCCUR WHEN THE PANIC SELLING STOPS...WHICH IS A LONG LONG WAY OFF...
REMEMBER WE HAVE NOT EVEN STARTED TO "RATIONALIZE" CREDIT CARDS, THE US BUDGET DEFICITS, THE "OFF THE BOOKS" WAR SPENDING, AND THE MASSIVE ENTITLEMENTS WHICH ARE ALL "TOO BIG TO FAIL!" NOT TO MENTION THE TRADE DEFICITS AND THE MASSIVE CHINA MONEY HOARD WHICH IS ON FIRE NOW!
"TOO BIG TO FAIL" IS THE CURRENT FALLACY...AND IT WILL TRASH THE DOLLAR SOON...PROBABLY IN THE NEXT FEW MONTHS...
ESSENTIALLY, THE US "SHELL ECONOMY" IS BEING BROUGHT DOWN NOW...RATIONALIZED...AND FORCE TO ACCOUNT...
AND THERE IS NOTHING ANYONE CAN DO ABOUT IT...
IF RATIONAL ECONOMICS HAD BEEN ALLOWED TO WORK...ABOUT 10 YEARS AGO...THIS COULD HAVE BEEN AVOIDED...
BUT INSTEAD THE GLOBAL ECONOMY "DRANK THE KOOL-AID" THAT GREENSPAN, WALL STREET AND WASHINGTON PASSED OUT...
AND NOW THE KOOL AIDE IS STARTING TO WORK...AROUND THE WORLD!
ONE YEAR FROM NOW...GOLD WILL SEEM LIKE A STEAL...AT TODAY'S PRICES...
WHEN THE PLUNGING DOLLAR FINISHES THE JOB...AND THE HYPER-INFLATION KICKS IN...
HOW BAD WILL IT GET... PROBABLY TOTAL COLLAPSE...
IMAGINE IF WIEMAR GERMANY HAD BEEN IN THE GLOBAL DRIVERS SEAT IN 1922....WITH MASSIVE DEBT AROUND THE WORLD...(WHICH IT HAD TO SOME EXTENT)...
REMEMBER IN WIEMAR IT WAS THE CUTTING OFF OF CREDIT GLOBALLY THAT REALLY KICKED UP THE HYPER-INFLATION...AND CAUSED THE COLLAPSE...WHICH EVENTUALLY LEAD TO THE GREAT DEPRESSION...
THAT IS HOW THIS ENDS... WE HAVE AN HISTORICALLY RECORD TO BACK THIS UP... A SERIES OF UNFORTUNATE EVENTS IS NOW STARTING.
GLOBAL FAMINE PREDICTED!! STARVATION LOOMS!!
IS IT TIME TO START HOARDING FOOD...?
LIKE THE GERMANS IN THE 1920'S ...WHO HAD ROOMS FULL OF CANNED HAMS ...!
BEFORE YOU LAUGH...
REMEMBER THE "BLACK OUT" A FEW YEARS AGO...?
WHEN EVERYTHING SUDDENLY CLOSED DOWN...NO GAS PUMPS, NO ATMS, NO STORES OPEN, NO RESTAURANTS BECAUSE THE WATER QUIT RUNNING, NO LIGHTS AT NIGHT...?
SHIT CAN STILL HAPPEN...EVEN NOW.
THIS IS AN ECONOMIC SYSTEM THE RUNS ON CREDIT...JUST AS MUCH AS ON ELECTRICITY!!
STAY TUNED...!!
LIKE THE GERMANS IN THE 1920'S ...WHO HAD ROOMS FULL OF CANNED HAMS ...!
BEFORE YOU LAUGH...
REMEMBER THE "BLACK OUT" A FEW YEARS AGO...?
WHEN EVERYTHING SUDDENLY CLOSED DOWN...NO GAS PUMPS, NO ATMS, NO STORES OPEN, NO RESTAURANTS BECAUSE THE WATER QUIT RUNNING, NO LIGHTS AT NIGHT...?
SHIT CAN STILL HAPPEN...EVEN NOW.
THIS IS AN ECONOMIC SYSTEM THE RUNS ON CREDIT...JUST AS MUCH AS ON ELECTRICITY!!
STAY TUNED...!!
DOOMSDAY ON WALL STREET....?
WILL THIS BE THE DAY OF CAPITULATION...?
AND WILL IT MAKE ANY DIFFERENCE SINCE THIS IS A MARKET LIKE NONE OTHER IN HISTORY...
CLEARLY THE BRETTON WOODS SYSTEM THAT ALLOWED THE AMERICANS TO LIVE FAR BEYOND THEIR MEANS...AND EVEN TO QUIT PRODUCING WHAT THEY CONSUMED...WAS FATALLY FLAWED....
OF COURSE CALLING ATTENTION TO THIS WAS THE ENTIRE REASON FOR THIS BLOG IN THE FIRST PLACE... JUST READ THE ARCHEIVES...!!
WHAT COMES NEXT...? HOW DOES THIS END....!
RIGHT NOW THE FAVORED SCENARIO FOR THE US ECONOMY IS HYPER-INFLATION...
THE US ECONOMY IS SO IN DEBT AND SO DAMAGED THAT THERE IS NO CHOICE...
SORT OF LIKE GERMANY IN THE 1920'S...
IT IS EITHER DEFAULT OR HYPER-INFLATION...THERE ARE NO OTHER CHOICES!!
THE DOLLAR WILL BECOME TOTALLY WORTHLESS WITHIN A YEAR FROM TODAY...
GOLD MAY BE THE BUY OF THE CENTURY IF THIS CONTINUES...
THE MASSIVE LIQUIDATION OF COMMODITIES AND STOCKS MAY PRODUCE SOME "BARGAINS" ... SOONER OR LATER.
BUT IT WILL BE HARD TO TELL WHICH COMPANIES WILL SURVIVE THE COLLAPSE OF THE DOLLAR...AND THE US ECONOMY.
THE RUSH INTO THE DOLLAR WAS PROBABLY THE MOST ANOMALOUS THING WE HAVE SEEN YET...
BECAUSE IT SHOULD BE CLEAR TO ANYONE THAT THE PRINTING PRESS IS THE ONLY WAY OUT FOR THE AMERICAN ECONOMY...
AND THE FED IS "PRINTING" MASSIVE AMOUNTS OF WORTHLESS PAPER DOLLARS DAILY...
WHAT ELSE CAN THEY DO AT THIS POINT...? THEY ARE THE NEW WIEMAR REPUBLIC!!
REMEMBER... THE HYPER-INFLATION WILL ALWAYS "SEEM REASONABLE"
....BECAUSE IT WILL BE SEEN AS A BAILOUT OF SOMETHING THAT IS CONSIDERED "TOO BIG TO FAIL."
"TOO BIG TO FAIL" WILL BE THE LAST WORDS OF THIS DYING GLOBAL ECONOMY!
STAY TUNED...
AND WILL IT MAKE ANY DIFFERENCE SINCE THIS IS A MARKET LIKE NONE OTHER IN HISTORY...
CLEARLY THE BRETTON WOODS SYSTEM THAT ALLOWED THE AMERICANS TO LIVE FAR BEYOND THEIR MEANS...AND EVEN TO QUIT PRODUCING WHAT THEY CONSUMED...WAS FATALLY FLAWED....
OF COURSE CALLING ATTENTION TO THIS WAS THE ENTIRE REASON FOR THIS BLOG IN THE FIRST PLACE... JUST READ THE ARCHEIVES...!!
WHAT COMES NEXT...? HOW DOES THIS END....!
RIGHT NOW THE FAVORED SCENARIO FOR THE US ECONOMY IS HYPER-INFLATION...
THE US ECONOMY IS SO IN DEBT AND SO DAMAGED THAT THERE IS NO CHOICE...
SORT OF LIKE GERMANY IN THE 1920'S...
IT IS EITHER DEFAULT OR HYPER-INFLATION...THERE ARE NO OTHER CHOICES!!
THE DOLLAR WILL BECOME TOTALLY WORTHLESS WITHIN A YEAR FROM TODAY...
GOLD MAY BE THE BUY OF THE CENTURY IF THIS CONTINUES...
THE MASSIVE LIQUIDATION OF COMMODITIES AND STOCKS MAY PRODUCE SOME "BARGAINS" ... SOONER OR LATER.
BUT IT WILL BE HARD TO TELL WHICH COMPANIES WILL SURVIVE THE COLLAPSE OF THE DOLLAR...AND THE US ECONOMY.
THE RUSH INTO THE DOLLAR WAS PROBABLY THE MOST ANOMALOUS THING WE HAVE SEEN YET...
BECAUSE IT SHOULD BE CLEAR TO ANYONE THAT THE PRINTING PRESS IS THE ONLY WAY OUT FOR THE AMERICAN ECONOMY...
AND THE FED IS "PRINTING" MASSIVE AMOUNTS OF WORTHLESS PAPER DOLLARS DAILY...
WHAT ELSE CAN THEY DO AT THIS POINT...? THEY ARE THE NEW WIEMAR REPUBLIC!!
REMEMBER... THE HYPER-INFLATION WILL ALWAYS "SEEM REASONABLE"
....BECAUSE IT WILL BE SEEN AS A BAILOUT OF SOMETHING THAT IS CONSIDERED "TOO BIG TO FAIL."
"TOO BIG TO FAIL" WILL BE THE LAST WORDS OF THIS DYING GLOBAL ECONOMY!
STAY TUNED...
Thursday, October 23, 2008
GREENSPAN SEES ENTIRELY "NEW WORLD!"
SO MAYBE BUYING THE DIP ISN'T A GOOD IDEA ANYMORE...?
BUYING THE DIP IS TOO "20TH CENTURY"....
IT APPEARS THAT THE CHANGES THAT ARE OBVIOUSLY COMING WILL CREATE A "NEW WORLD ECONOMIC ORDER"...
UNLIKE ANYTHING WE HAVE EVER EXPERIENCED...
BUY THE DIP...?
I DON'T THINK SO.... THAT'S LIKE INVESTING IN THE ROMAN EMPIRE IN 432 AD...?
THE BARBARIANS ARE NOT ONLY AT THE GATES ...
THEY ARE IN THE TREASURY'S SAFE...LOOTING EVERYTHING...FOR THEIR ADVANTAGE...NOT OURS...!
WE PAID OFF THE BARBARIANS FOR TOO LONG...
SAYING: "PLEASE DON'T LOOT AND SACK US JUST YET"
... LIKE ANCIENT ROME...
AND NOW IT'S OVER...
BUYING THE DIP IS TOO "20TH CENTURY"....
IT APPEARS THAT THE CHANGES THAT ARE OBVIOUSLY COMING WILL CREATE A "NEW WORLD ECONOMIC ORDER"...
UNLIKE ANYTHING WE HAVE EVER EXPERIENCED...
BUY THE DIP...?
I DON'T THINK SO.... THAT'S LIKE INVESTING IN THE ROMAN EMPIRE IN 432 AD...?
THE BARBARIANS ARE NOT ONLY AT THE GATES ...
THEY ARE IN THE TREASURY'S SAFE...LOOTING EVERYTHING...FOR THEIR ADVANTAGE...NOT OURS...!
WE PAID OFF THE BARBARIANS FOR TOO LONG...
SAYING: "PLEASE DON'T LOOT AND SACK US JUST YET"
... LIKE ANCIENT ROME...
AND NOW IT'S OVER...
IS JOE THE PLUMBER A PLUNGER IN THE MARKETS!!
WELL THIS MARKET COULD USE A PLUNGER ABOUT NOW...!
REPUBLICANS ARE SHOWING UP AT MCCAIN RALLIES WITH PLUNGERS IN HAND...!!
PROBABLY TO WORK THROUGH ALL THE BULLSHIT THEY ARE GETTING FROM MCCAIN AND PALIN AT THE RALLYS...!!
MCCAIN KEEPS SAYING: "WE'RE GONNA WIN! WE'RE GONNA WIN!"
BUT HE NEVER SAYS WHY? OR HOW? OR FOR WHAT PURPOSE...
ITS ALMOST LIKE IT'S ONLY A PERSONAL ACHEIVEMENT FOR HIM...A RESUME ITEM
...NOT ABOUT ISSUES OR POLICIES OR THE NATION AT ALL ANYMORE...
EVEN THE WALL STREET AND MAIN STREET "ELITES" ARE TURNING TO OBAMA NOW...
BECAUSE MCCAIN SEEMS TO BE "LOSING IT" EVEN TO TRADITIONAL REPUBLICANS...
REPUBLICANS ARE SHOWING UP AT MCCAIN RALLIES WITH PLUNGERS IN HAND...!!
PROBABLY TO WORK THROUGH ALL THE BULLSHIT THEY ARE GETTING FROM MCCAIN AND PALIN AT THE RALLYS...!!
MCCAIN KEEPS SAYING: "WE'RE GONNA WIN! WE'RE GONNA WIN!"
BUT HE NEVER SAYS WHY? OR HOW? OR FOR WHAT PURPOSE...
ITS ALMOST LIKE IT'S ONLY A PERSONAL ACHEIVEMENT FOR HIM...A RESUME ITEM
...NOT ABOUT ISSUES OR POLICIES OR THE NATION AT ALL ANYMORE...
EVEN THE WALL STREET AND MAIN STREET "ELITES" ARE TURNING TO OBAMA NOW...
BECAUSE MCCAIN SEEMS TO BE "LOSING IT" EVEN TO TRADITIONAL REPUBLICANS...
WHY IS GOLD DOWN SO MUCH...?
THIS IS THE QUESTION EVERYONE IS ASKING...
THE ANSWER IS TWO WORDS..."HEDGE FUNDS"
SINCE THIS IS AN "ANOMALY" ...DURING A "CRISIS" GOLD SHOULD RISE...
SO THERE MUST BE A TRADING OR TECHNICAL EXPLANATION... AND THERE IS...
CONSIDER:
THE HEDGE FUNDS ARE SMART GUYS...TOO SMART!
THEY KNEW THE DOLLAR WAS TOAST...
OK, HOW DO YOU TRADE THAT "COSMIC CERTAINTY...?"
REMEMBER HEDGIES NEVER DO THINGS "BY HALFS."
THEY LIKE TO MAKE MONEY ON BOTH SIDES OF ANY TRADE...COMING AND GOING...SINCE THEY ARE SO SMART...RIGHT?
HENCE THEIR MUCH TOUTED "SHORT STRATEGIES..."
HERE'S WHAT HAPPEN...
THE HEDGE FUNDS WENT MASSIVELY SHORT THE DOLLAR ....AND THEN LONG GOLD...
BUT REMEMBER....THE CURRENCY MARKET IS MASSIVE AND DEEP...
THE GOLD MARKET IS THIN AND SHALLOW...
STILL, THE HEDGE FUNDS WHERE IN UP TO THE NECKS IN BOTH TRADES!!
OK...THEN THE SHIT HITS THE FAN IN THE CREDIT MARKETS...
SUDDENLY EVERYONE IS SELLING EVERYTHING FOR WHATEVER THEY CAN GET...
AND ESPECIALLY THE HEDGE FUNDS WHO WERE MASSIVELY INTO THIS TRADE...AMONG OTHER THINGS.
SUDDENLY...! THE HEDGIES ARE "COVERING" THEIR SHORT DOLLAR POSITION...RUNNING UP THE DOLLAR HUGELY AND "WRONGLY!!" DURING THIS CRISIS!
AND ALSO...SELLING THEIR LONG GOLD POSITIONS...INTO ALREADY THIN GOLD MARKETS WHICH ARE NOWHERE NEAR AS DEEP AS THE CURRENCY MARKET!!
ERGO?
THE DOLLAR IS UP NICELY....ON THE SHORT SQUEEZE...
AND GOLD IS DOWN MASSIVELY ON THIN MARKET LIQUIDATION!!
ANY QUESTIONS....?
THE ANSWER IS TWO WORDS..."HEDGE FUNDS"
SINCE THIS IS AN "ANOMALY" ...DURING A "CRISIS" GOLD SHOULD RISE...
SO THERE MUST BE A TRADING OR TECHNICAL EXPLANATION... AND THERE IS...
CONSIDER:
THE HEDGE FUNDS ARE SMART GUYS...TOO SMART!
THEY KNEW THE DOLLAR WAS TOAST...
OK, HOW DO YOU TRADE THAT "COSMIC CERTAINTY...?"
REMEMBER HEDGIES NEVER DO THINGS "BY HALFS."
THEY LIKE TO MAKE MONEY ON BOTH SIDES OF ANY TRADE...COMING AND GOING...SINCE THEY ARE SO SMART...RIGHT?
HENCE THEIR MUCH TOUTED "SHORT STRATEGIES..."
HERE'S WHAT HAPPEN...
THE HEDGE FUNDS WENT MASSIVELY SHORT THE DOLLAR ....AND THEN LONG GOLD...
BUT REMEMBER....THE CURRENCY MARKET IS MASSIVE AND DEEP...
THE GOLD MARKET IS THIN AND SHALLOW...
STILL, THE HEDGE FUNDS WHERE IN UP TO THE NECKS IN BOTH TRADES!!
OK...THEN THE SHIT HITS THE FAN IN THE CREDIT MARKETS...
SUDDENLY EVERYONE IS SELLING EVERYTHING FOR WHATEVER THEY CAN GET...
AND ESPECIALLY THE HEDGE FUNDS WHO WERE MASSIVELY INTO THIS TRADE...AMONG OTHER THINGS.
SUDDENLY...! THE HEDGIES ARE "COVERING" THEIR SHORT DOLLAR POSITION...RUNNING UP THE DOLLAR HUGELY AND "WRONGLY!!" DURING THIS CRISIS!
AND ALSO...SELLING THEIR LONG GOLD POSITIONS...INTO ALREADY THIN GOLD MARKETS WHICH ARE NOWHERE NEAR AS DEEP AS THE CURRENCY MARKET!!
ERGO?
THE DOLLAR IS UP NICELY....ON THE SHORT SQUEEZE...
AND GOLD IS DOWN MASSIVELY ON THIN MARKET LIQUIDATION!!
ANY QUESTIONS....?
MOTHER OF ALL LIQUIDATIONS
EVERYONE IS "FLOCKING" TO THE DOLLAR...AND THE DOLLAR AND THE FED IS REALLY THAT CAUSE OF THE TROUBLE...
NOT REALLY RATIONAL...BUT THEN MARKETS SELDOM ARE AS GREENSPAN RECENTLY DISCOVERED...
NOT REALLY RATIONAL...BUT THEN MARKETS SELDOM ARE AS GREENSPAN RECENTLY DISCOVERED...
EXTREMELY THIN TRADING ACCELERATES CHANGES IN DOW
EVERYONE IS JUST LOOKING FOR AN EXIT POINT...
BUT THE THIN TRADING CLOSES THE DOOR QUICKLY...
BUT THE THIN TRADING CLOSES THE DOOR QUICKLY...
THE ONLY 'BUY' IN THE MARKET IS GOLD!
DON'T CATCH A FALLING KNIFE NOW.... BUT WATCH CLOSELY FOR A RETURN TO REALITY BASED THINKING ABOUT GOLD SOON...
WILL ROGUE CENTRAL BANKS QUEER THE FEDS "PRINTING PRESS" SOLUTION TO PROBLEMS?
YES! MORE LATER.
UKRAINE COULD CRASH THE GLOBAL ECONOMY AND SHUT DOWN THE BERNANKE PRINTING PRESSES OVER NIGHT!!
I THINK EVERYONE SENSES THAT BERNANKE WILL NOT SIMPLY "PRINT" HIS WAY OUT OF THIS PROBLEM... OK THAT IS THE "EASY WAY" OUT...BUT ONLY FOR A FEW WEEKS OR MONTHS...NOT FOR THE LONGER TERM...
PRESENTLY, THE MORE THE FED PRINTS THE HIGHER THE DOLLAR SOARS... AND THE LOWER COMMODITIES PLUNGE!
WHATS WRONG WITH THAT PICTURE...? A LOT!
WE ARE GOING TO FIND OUT SOON...IT IS NOT GOING TO BE "THAT EASY!"
FOREIGN CENTRAL BANKS SIMPLY CAN NOT SIT BACK AN WATCH THEIR CURRENCIES COLLAPSE IN THE FACE OF THE "STRONGER" DOLLLAR...IT MAKES THEIR DEBTS HARDER TO PAY...
FOREIGN CENTRAL BANKS WILL PUT THE KYBOSH ON THE FED'S MONEY PRINTING STRATEGY SOON... AND GOLD COULD RESUME IT'S RIGHTFUL PLACE AS THE INVESTMENT OF LAST RESORT IN TIMES OF GREAT CRISIS...
OR DO YOU REALLY THINK THAT GOLD IS GARBAGE NOW...AND THE PRINTING PRESS IS OUR NEW GOD OF MONEY...?
UKRAINE COULD CRASH THE GLOBAL ECONOMY AND SHUT DOWN THE BERNANKE PRINTING PRESSES OVER NIGHT!!
I THINK EVERYONE SENSES THAT BERNANKE WILL NOT SIMPLY "PRINT" HIS WAY OUT OF THIS PROBLEM... OK THAT IS THE "EASY WAY" OUT...BUT ONLY FOR A FEW WEEKS OR MONTHS...NOT FOR THE LONGER TERM...
PRESENTLY, THE MORE THE FED PRINTS THE HIGHER THE DOLLAR SOARS... AND THE LOWER COMMODITIES PLUNGE!
WHATS WRONG WITH THAT PICTURE...? A LOT!
WE ARE GOING TO FIND OUT SOON...IT IS NOT GOING TO BE "THAT EASY!"
FOREIGN CENTRAL BANKS SIMPLY CAN NOT SIT BACK AN WATCH THEIR CURRENCIES COLLAPSE IN THE FACE OF THE "STRONGER" DOLLLAR...IT MAKES THEIR DEBTS HARDER TO PAY...
FOREIGN CENTRAL BANKS WILL PUT THE KYBOSH ON THE FED'S MONEY PRINTING STRATEGY SOON... AND GOLD COULD RESUME IT'S RIGHTFUL PLACE AS THE INVESTMENT OF LAST RESORT IN TIMES OF GREAT CRISIS...
OR DO YOU REALLY THINK THAT GOLD IS GARBAGE NOW...AND THE PRINTING PRESS IS OUR NEW GOD OF MONEY...?
WILL STUPID RED NECKS ELECT MCCAIN...
THE RED NECKS WILL RESCUE MCCAIN...
AND WALL STREET FROM ITS OWN GREED!!
THREE CHEERS FOR THE PATRIOTIC STUPID RED NECKS!!
AND WALL STREET FROM ITS OWN GREED!!
THREE CHEERS FOR THE PATRIOTIC STUPID RED NECKS!!
MASSIVE SELLING OF ASSETS CAUSES CASH SHORTAGE.
THE HUGE OVERVALUATION OF ALL ASSETS IS NOW UNWINDING...THEREBY CAUSING A CASH SHORTAGE...
THE FED ETAL HAVE ONLY "INJECTED CASH" INTO THE BANKING SYSTEM WHICH WAS THE PRIMARY ENABLE OF THE MASSIVE BUBBLES...
THIS IS AN ATTEMPT TO "SAVE THE SYSTEM"...
NAMELY THE BANKING SYSTEM...WHICH ALSO SERVES THOSE PARTS OF THE ECONOMY THAT WERE NOT INVOLVED IN THE ASSET SPECULATION...
BUT LITTLE OF THAT "NEW MONEY" IS ACTUALLY OUT IN THE SYSTEM...AS YET...IT IS FROZEN IN THE BANKRUPT BANKING SYSTEM STILL SHELL SHOCKED BY THE PLUNGE IN ASSET PRICES ACROSS THE BOARD.
THE ANOMALY IS THAT THE DOLLAR HAS RISEN AS THE RUSH TO CASH ENSUES...
AND AMAZINGLY GOLD, OIL AND COMMODITIES HAVE FALLEN IN THE FACE OF HUGE MONEY PRINTING...
NO FLIGHT TO SAFETY YET...EVERYONE JUST WANTS A SEAT IN THE LIFEBOAT!
...BUT ALL THAT IS A STORY FOR 2009...WE ARE HAVING A KEYNESIAN HEART ATTACK NOW...AND NOTHING ELSE MATTERS.
WHAT GIVES...?
IF THE CASH INFUSIONS DO NOT "BRING BACK THE BUBBLE" ...
BUT ONLY RE-LIQUIFY THE NON-SPECULATIVE PART OF THE ECONOMY... ALL ASSETS COULD JUST STAY LOW FOR A VERY LONG TIME...
THIS WOULD REALLY BE A RETURN TO NORMALCY... WHERE STOCKS SELDOM SOLD ABOVE A P/E OF 10 AND DIVIDEND YIELDS WERE ABOUT 4% TO 6%...
REMEMBER EVEN IN 1929...A P/E OF 20 WAS CONSIDERED MASSIVELY OVERPRICED...AT THE TOP!!
AND DURING THE DEPRESSION YIELDS WERE SELDOM LOWER THAN 5% ON GOOD STOCKS...
SO WE HAVE A LONG LONG WAY TO FALL BEFORE EVEN THE 1929-1932 "NEW PARADIGM" IS REACHED...
VERY LIKELY GOLD WILL ONLY RISE ONCE THE SYSTEM IS LIQUID ENOUGH TO BE OUT OF THE WOODS...
THE QUESTION IS HOW MANY MORE BAILOUTS WILL HAPPEN...? IT IS THE BAILOUTS THAT WILL CAUSE THE HYPER-INFLATION...
AND ONLY A FOOL WOULD THINK WE ARE AT THE END OF THE BAILOUT CYCLE NOW...
SLOWLY SLOWLY OTHER "TOO BIG TO FAIL" INSTITUTIONS WILL ARISE... SOCIAL SECURITY AND MEDICARE FOR EXAMPLE... STATE AND LOCAL GOVERNMENT... PUBLIC PENSION FUNDS...
AND THERE IS STILL THE CREDIT CARD BUBBLE TO BAILOUT...ETC...
SOONER OR LATER...THE BAILOUTS WILL KICK HARD ASSETS BACK UP AS A "DEFENSIVE PLAY" WHEN PEOPLE FINALLY REALIZE THAT A LOT OF MONEY NEEDS TO BE PRINTED YET...TO "FUND" THE "TOO BIG TO FAIL" ASPECTS OF THIS NEW POST BUBBLE ECONOMY...
CONSUMER SPENDING WILL PLUNGE IN THE MEANTIME BASED ON JOB LOSSES, HOUSE DECLINES AND THE MAXING OUT OF CREDIT CARDS... SO EARNINGS ARE ESSENTIALLY DEAD AS FAR AS THE EYE CAN SEE...!!
THANK GOD FOR THE PRINTING PRESS...IT WILL BE THE ONLY GAME IN TOWN SOON!
BERNANKE MAY HAVE TO "PRINT" ANOTHER FIVE TO TEN TRILLON DOLLARS JUST TO STABLIZE THE SYSTEM AND RESTORE ANY SEMBLANCE OF NORMALCY IN THE GLOBAL AND US ECONOMY...
BUT...WATCH FOR THESE COLLAPSES IN EASTERN EUROPE...THEY COULD QUEER THE LOW RATES LOW GOLD SCENARIO OVERNIGHT!!
HIKING RATES TO DEFEND NON DOLLAR CURRENCIES WILL BE THE NEXT SHOE TO FALL...AND THAT COULD SHUT DOWN THE FED PRINTING PRESS VERY QUICKLY!!
THE FED ETAL HAVE ONLY "INJECTED CASH" INTO THE BANKING SYSTEM WHICH WAS THE PRIMARY ENABLE OF THE MASSIVE BUBBLES...
THIS IS AN ATTEMPT TO "SAVE THE SYSTEM"...
NAMELY THE BANKING SYSTEM...WHICH ALSO SERVES THOSE PARTS OF THE ECONOMY THAT WERE NOT INVOLVED IN THE ASSET SPECULATION...
BUT LITTLE OF THAT "NEW MONEY" IS ACTUALLY OUT IN THE SYSTEM...AS YET...IT IS FROZEN IN THE BANKRUPT BANKING SYSTEM STILL SHELL SHOCKED BY THE PLUNGE IN ASSET PRICES ACROSS THE BOARD.
THE ANOMALY IS THAT THE DOLLAR HAS RISEN AS THE RUSH TO CASH ENSUES...
AND AMAZINGLY GOLD, OIL AND COMMODITIES HAVE FALLEN IN THE FACE OF HUGE MONEY PRINTING...
NO FLIGHT TO SAFETY YET...EVERYONE JUST WANTS A SEAT IN THE LIFEBOAT!
...BUT ALL THAT IS A STORY FOR 2009...WE ARE HAVING A KEYNESIAN HEART ATTACK NOW...AND NOTHING ELSE MATTERS.
WHAT GIVES...?
IF THE CASH INFUSIONS DO NOT "BRING BACK THE BUBBLE" ...
BUT ONLY RE-LIQUIFY THE NON-SPECULATIVE PART OF THE ECONOMY... ALL ASSETS COULD JUST STAY LOW FOR A VERY LONG TIME...
THIS WOULD REALLY BE A RETURN TO NORMALCY... WHERE STOCKS SELDOM SOLD ABOVE A P/E OF 10 AND DIVIDEND YIELDS WERE ABOUT 4% TO 6%...
REMEMBER EVEN IN 1929...A P/E OF 20 WAS CONSIDERED MASSIVELY OVERPRICED...AT THE TOP!!
AND DURING THE DEPRESSION YIELDS WERE SELDOM LOWER THAN 5% ON GOOD STOCKS...
SO WE HAVE A LONG LONG WAY TO FALL BEFORE EVEN THE 1929-1932 "NEW PARADIGM" IS REACHED...
VERY LIKELY GOLD WILL ONLY RISE ONCE THE SYSTEM IS LIQUID ENOUGH TO BE OUT OF THE WOODS...
THE QUESTION IS HOW MANY MORE BAILOUTS WILL HAPPEN...? IT IS THE BAILOUTS THAT WILL CAUSE THE HYPER-INFLATION...
AND ONLY A FOOL WOULD THINK WE ARE AT THE END OF THE BAILOUT CYCLE NOW...
SLOWLY SLOWLY OTHER "TOO BIG TO FAIL" INSTITUTIONS WILL ARISE... SOCIAL SECURITY AND MEDICARE FOR EXAMPLE... STATE AND LOCAL GOVERNMENT... PUBLIC PENSION FUNDS...
AND THERE IS STILL THE CREDIT CARD BUBBLE TO BAILOUT...ETC...
SOONER OR LATER...THE BAILOUTS WILL KICK HARD ASSETS BACK UP AS A "DEFENSIVE PLAY" WHEN PEOPLE FINALLY REALIZE THAT A LOT OF MONEY NEEDS TO BE PRINTED YET...TO "FUND" THE "TOO BIG TO FAIL" ASPECTS OF THIS NEW POST BUBBLE ECONOMY...
CONSUMER SPENDING WILL PLUNGE IN THE MEANTIME BASED ON JOB LOSSES, HOUSE DECLINES AND THE MAXING OUT OF CREDIT CARDS... SO EARNINGS ARE ESSENTIALLY DEAD AS FAR AS THE EYE CAN SEE...!!
THANK GOD FOR THE PRINTING PRESS...IT WILL BE THE ONLY GAME IN TOWN SOON!
BERNANKE MAY HAVE TO "PRINT" ANOTHER FIVE TO TEN TRILLON DOLLARS JUST TO STABLIZE THE SYSTEM AND RESTORE ANY SEMBLANCE OF NORMALCY IN THE GLOBAL AND US ECONOMY...
BUT...WATCH FOR THESE COLLAPSES IN EASTERN EUROPE...THEY COULD QUEER THE LOW RATES LOW GOLD SCENARIO OVERNIGHT!!
HIKING RATES TO DEFEND NON DOLLAR CURRENCIES WILL BE THE NEXT SHOE TO FALL...AND THAT COULD SHUT DOWN THE FED PRINTING PRESS VERY QUICKLY!!
OSAMA SUPPORTS MCCAIN...
THAT OSAMA WOULD WANT A HOT HEADED MILITARIST IN THE WHITE HOUSE INSTEAD OF A RESPECTED "TRANSFORMATIONAL FIGURE" LIKE OBAMA IS OBVIOUS...
I WOULD URGE ALL AMERICA HATERS TO VOTE FOR MCCAIN...!! AND SAVE OSAMA THE TROUBLE OF HAVING A POPULAR PRESIDENT IN THE US TO COMPETE WITH ON THE GLOBAL STAGE...
BUSH GAVE OSAMA EVERYTHING HE COULD HAVE POSSIBLY ASKED FOR...
AND MCCAIN HAS PROMISED TO FOLLOW THE "OSAMA SCRIPT" TO THE LETTER... MORE WAR...MORE DEFENSE DEBT...MORE OCCUPATIONS...
OSAMA WOULD BE VERY HAPPY WITH MCCAIN IN THE WHITE HOUSE... BUT OSAMA WOULD LIKELY NOT WANT TO SEE OBAMA IN THE PRESIDENCY...
FOR ONE THING THE NAMES ARE TOO SIMILAR...IT WOULD DESTROY OR IMPAIR THE "OSAMA" FRANCHISE IN THE MUSLIM WORLD...
I WOULD URGE ALL AMERICA HATERS TO VOTE FOR MCCAIN...!! AND SAVE OSAMA THE TROUBLE OF HAVING A POPULAR PRESIDENT IN THE US TO COMPETE WITH ON THE GLOBAL STAGE...
BUSH GAVE OSAMA EVERYTHING HE COULD HAVE POSSIBLY ASKED FOR...
AND MCCAIN HAS PROMISED TO FOLLOW THE "OSAMA SCRIPT" TO THE LETTER... MORE WAR...MORE DEFENSE DEBT...MORE OCCUPATIONS...
OSAMA WOULD BE VERY HAPPY WITH MCCAIN IN THE WHITE HOUSE... BUT OSAMA WOULD LIKELY NOT WANT TO SEE OBAMA IN THE PRESIDENCY...
FOR ONE THING THE NAMES ARE TOO SIMILAR...IT WOULD DESTROY OR IMPAIR THE "OSAMA" FRANCHISE IN THE MUSLIM WORLD...
BUSH BOMBS PAKISTAN SCHOOL!!
IF THE DEMOCRATS EVER GET POWER...AND DON'T HAVE TO KOW TOW TO THE NEOCON WAR CRIMINALS... AND THEIR MORONIC BUBBA SUPPORTERS?
SOME WAR CRIMES CHARGES SHOULD BE BROUGHT AGAINST THESE REPUBLICANS TO TEACH THEM A LESSON...
AFTER NOVEMBER 4...THE REAL DEMOCRATIC PARTY CAN COME OUT OF HIDING...
AND THEN SOME NEOCON ASS KICKING CAN START... RIGHT NOW WE HAVE TO BULLSHIT THEM...BUT THAT IS GOING TO END AFTER THE ELECTION.
SOME WAR CRIMES CHARGES SHOULD BE BROUGHT AGAINST THESE REPUBLICANS TO TEACH THEM A LESSON...
AFTER NOVEMBER 4...THE REAL DEMOCRATIC PARTY CAN COME OUT OF HIDING...
AND THEN SOME NEOCON ASS KICKING CAN START... RIGHT NOW WE HAVE TO BULLSHIT THEM...BUT THAT IS GOING TO END AFTER THE ELECTION.
Wednesday, October 22, 2008
RURAL POOR AND STUPID FLOCK TO PALIN...
I HAVE A SIMPLE QUESTION...
WHAT THE FUCK IS WRONG WITH YOU PEOPLE...?
OR DON'T I WANT TO KNOW...
WHAT THE FUCK IS WRONG WITH YOU PEOPLE...?
OR DON'T I WANT TO KNOW...
CAN THE POOR AND THE STUPID "SAVE" WALL STREET?
POLLING SHOWS THAT COLLEGE EDUCATED AND HIGH INCOME ($75,000+) VOTERS FAVOR OBAMA BY A HUGE MARGIN...
WHAT THE FUCK IS THAT ABOUT...?
WELL, CURIOUSLY THE WALL STREET REPUBLICANS "APPEAL"MORE TO THE POOR AND THE STUPID THAN TO ANY OTHER GROUP...!!
WOULDN'T THAT BE GREAT TO SEE THE POOR AND THE STUPID IN AMERICA...VALIDATE THE HEDGE FUND LOOTING...AND ALLOW THE RICH TO BROW BEAT THE MIDDLE CLASS FOR FOUR MORE YEARS...!!
I SAY GO FOR IT... YOU STUPID ASSHOLES!!
SHOW THE WORLD WHAT AMERICANS ARE REALLY LIKE...!! I ALREADY KNOW HOW BRAIN DAMAGED THE AVERAGE AMERICAN BUBBA IS......BUT ALOT OF FOREIGNERS DON'T...! ...PROVE IT TO US, BUBBA!!
I'M WITH YOU... BUBBA!
GO AHEAD ...AND FUCK YOURSELF GOOD....
TRUST ME...THE WELL OFF AND THE WELL EDUCATED WILL SUVIVE...
BUT YOU STUPID ASSHOLES MAY NOT!!
MCCAIN'S MIDWEST VICTORY PLAN!!
MCCAIN WILL EASILY TAKE OHIO AND INDIANA....ALSO MISSOURI AND PENNSYVANIA...
ALL HE NEEDS IS TO PICK OFF A FEW STATES IN THE MOUNTAIN WEST...AND THE MID SOUTH...AND HE BEATS OBAMA...!!
OBAMA'S SUPPORT IS A MILE WIDE AND AN INCH DEEP...
ONLY MCCAIN CAN TRASH AMERICA...AND I STILL SAY HE WILL GET HIS CHANCE!
ADDITIONALLY, A MCCAIN WHITE HOUSE AND A LIBERAL CONGRESS WILL ASSURE THE HYPER-INFLATION SCENARIO IN THE US... AS EACH TRIES TO COMPETE ON WHO TO BAILOUT NEXT...!
AMERICA NEEDS OBAMA...BUT IT IS GOING TO GET MCCAIN...!
ALL HE NEEDS IS TO PICK OFF A FEW STATES IN THE MOUNTAIN WEST...AND THE MID SOUTH...AND HE BEATS OBAMA...!!
OBAMA'S SUPPORT IS A MILE WIDE AND AN INCH DEEP...
ONLY MCCAIN CAN TRASH AMERICA...AND I STILL SAY HE WILL GET HIS CHANCE!
ADDITIONALLY, A MCCAIN WHITE HOUSE AND A LIBERAL CONGRESS WILL ASSURE THE HYPER-INFLATION SCENARIO IN THE US... AS EACH TRIES TO COMPETE ON WHO TO BAILOUT NEXT...!
AMERICA NEEDS OBAMA...BUT IT IS GOING TO GET MCCAIN...!
DOES DEFLATION "CAUSE" HYPER INFLATION?
YES!
THINK ABOUT IT...
IT'S LIKE HITTING THE ACCELERATOR....WHILE DRIVING ON AN ICY ROAD...
WHEN YOU NEED THE "BRAKES" THEY ARE NO LONGER OF ANY USE...
UNDERSTAND THIS NOTION....AND YOU WILL HAVE A BIG EDGE ON WHAT HAPPENS NEXT...
THINK ABOUT IT...
IT'S LIKE HITTING THE ACCELERATOR....WHILE DRIVING ON AN ICY ROAD...
WHEN YOU NEED THE "BRAKES" THEY ARE NO LONGER OF ANY USE...
UNDERSTAND THIS NOTION....AND YOU WILL HAVE A BIG EDGE ON WHAT HAPPENS NEXT...
HYPERINFLATION: "BEFORE THE DELUGE:" or BERLIN IN THE 1920'S
I HAVE "BEFORE THE DELUGE" AND AM RE-READING IT FOR CLUES AS TO WHAT COMES NEXT... THE BOOK IS MORE CULTURAL THAN ECONOMIC...
FOR AMAZON BOOKS ON HYPER-INFLATION....CLICK HERE!
THE HYPER-INFLATION SCENARIO IS WHERE THIS IS HEADING...
BUT IS IT ANY WONDER THAT MASSIVE DEBT IN HIGH PLACES IS "INFLATED" AWAY!!
READ YOUR HISTORY...ROME, GERMANY, BRITAIN....
IMPERIUM ALWAYS INFLATES AT THE END...
AND WE ARE AT THE END... THE DOLLAR BASED BRETTON WOODS ...POX AMERICANA IS ENDING...
AND SOMETHING NEW IS BEING BORN...
AND THAT IS A HORRIBLE TIME TO LIVE IN... BUT "INTERESTING" AS THEY SAY.
HOW DOES HYPER-INFLATION GET STARTED...?
WELL INTEREST GROUPS HAVE A LOT TO DO WITH IT...
EVERYONE WANTS THEIR PART OF THE ECONOMY TO BE "SAVED" ...OR "BAILED OUT!"
ULTIMATELY NOTHING IS SAVED...
THIS WAS MY "READ" ON THE GERMAN SITUATION IN THE 20'S....
CONSIDER:
WOULD CONGRESS DUMP SOCIAL SECURITY TO "SAVE" WALL STREET...?
NO! SO... THAT WILL BE YET ANOTHER "BAILOUT!"
AND ANOTHER AND ANOTHER AND ANOTHER...!
THAT'S HOW IT STARTS... ONE BAILOUT AFTER ANOTHER IS "EASIER" THAN LETTING A MAJOR INSTITUTION FAIL...
IS SOCIAL SECURITY TOO BIG TO FAIL? OF COURSE! MEDICARE! OF COURSE! GOVERNMENT EMPLOYEE PENSIONS! YES! STATE AND LOCAL GOVERNMENT!! MUST BE "SAVED".... SEE THE PICTURE?
EVENTUALLY YOU'RE PRINTING THREE EXTRA ZEROS ON EXISTING BANK NOTES!!
BUT THIS IS A VERY COMPLEX TOPIC...ABOUT WHICH I'D LIKE TO SEE MORE EXPERT DISCUSSION IN THE AMERICAN AND GLOBAL MEDIA...
WHEN DO YOU STOP THE BAILOUTS?...WHO IS NOT "TOO BIG TO FAIL?"
BECAUSE ONCE YOU START DOING "BAILOUTS"...??
YOU CAN'T STOP!!
IT'S A SLIPPERY SLOPE...AND IT ALL "SEEMS RIGHT" AT THE TIME...
REMEMBER THE GERMANS WERE NOT STUPID!
THEY WERE NOT SOME JUNGLE DICTATOR IN AFRICA PRINTING MONEY...
AND ECONOMICS WAS A WELL DEVELOPED STUDY THEN...
WE GROSSLY OVER ESTIMATE THE EFFECT OF KEYNES ON ECONOMICS...
ALL KEYNES SAID OF VALUE WAS THAT IN THE LONG RUN:
"WE ARE ALL DEAD!"
HARDLY A "SYSTEM" WORTHY OF LONG TERM SUSTAINABILITY!!
SO FAR THE MSM....STILL SEEMS STAR STRUCK BY "GLOBALISM"
...AND THE OTHER BULLSHIT OF FREE TRADE THEORY.
FOR AMAZON BOOKS ON HYPER-INFLATION....CLICK HERE!
THE HYPER-INFLATION SCENARIO IS WHERE THIS IS HEADING...
BUT IS IT ANY WONDER THAT MASSIVE DEBT IN HIGH PLACES IS "INFLATED" AWAY!!
READ YOUR HISTORY...ROME, GERMANY, BRITAIN....
IMPERIUM ALWAYS INFLATES AT THE END...
AND WE ARE AT THE END... THE DOLLAR BASED BRETTON WOODS ...POX AMERICANA IS ENDING...
AND SOMETHING NEW IS BEING BORN...
AND THAT IS A HORRIBLE TIME TO LIVE IN... BUT "INTERESTING" AS THEY SAY.
HOW DOES HYPER-INFLATION GET STARTED...?
WELL INTEREST GROUPS HAVE A LOT TO DO WITH IT...
EVERYONE WANTS THEIR PART OF THE ECONOMY TO BE "SAVED" ...OR "BAILED OUT!"
ULTIMATELY NOTHING IS SAVED...
THIS WAS MY "READ" ON THE GERMAN SITUATION IN THE 20'S....
CONSIDER:
WOULD CONGRESS DUMP SOCIAL SECURITY TO "SAVE" WALL STREET...?
NO! SO... THAT WILL BE YET ANOTHER "BAILOUT!"
AND ANOTHER AND ANOTHER AND ANOTHER...!
THAT'S HOW IT STARTS... ONE BAILOUT AFTER ANOTHER IS "EASIER" THAN LETTING A MAJOR INSTITUTION FAIL...
IS SOCIAL SECURITY TOO BIG TO FAIL? OF COURSE! MEDICARE! OF COURSE! GOVERNMENT EMPLOYEE PENSIONS! YES! STATE AND LOCAL GOVERNMENT!! MUST BE "SAVED".... SEE THE PICTURE?
EVENTUALLY YOU'RE PRINTING THREE EXTRA ZEROS ON EXISTING BANK NOTES!!
BUT THIS IS A VERY COMPLEX TOPIC...ABOUT WHICH I'D LIKE TO SEE MORE EXPERT DISCUSSION IN THE AMERICAN AND GLOBAL MEDIA...
WHEN DO YOU STOP THE BAILOUTS?...WHO IS NOT "TOO BIG TO FAIL?"
BECAUSE ONCE YOU START DOING "BAILOUTS"...??
YOU CAN'T STOP!!
IT'S A SLIPPERY SLOPE...AND IT ALL "SEEMS RIGHT" AT THE TIME...
REMEMBER THE GERMANS WERE NOT STUPID!
THEY WERE NOT SOME JUNGLE DICTATOR IN AFRICA PRINTING MONEY...
AND ECONOMICS WAS A WELL DEVELOPED STUDY THEN...
WE GROSSLY OVER ESTIMATE THE EFFECT OF KEYNES ON ECONOMICS...
ALL KEYNES SAID OF VALUE WAS THAT IN THE LONG RUN:
"WE ARE ALL DEAD!"
HARDLY A "SYSTEM" WORTHY OF LONG TERM SUSTAINABILITY!!
SO FAR THE MSM....STILL SEEMS STAR STRUCK BY "GLOBALISM"
...AND THE OTHER BULLSHIT OF FREE TRADE THEORY.
MASSIVE LIQUIDATION OF EVERYTHING...MARX WAS RIGHT!!
CLEARLY MASS LIQUIDATION IS THE NAME OF THE GAME NOW...
AND IT APPEARS THAT THE FED OR CONGRESS WILL NOT BE ABLE TO PREVENT THIS WITH RATE CUTS, LIQUIDITY OR STIMULUS PACKAGES...
SO DOWN EVERYTHING GOES...
THIS INCLUDES COMMODITIES LIKE OIL AND GOLD...WHICH "SHOULD BE" HIGHER BECAUSE OF THE MASSIVE MONEY ISSUANCE... AND INDEED, IN HUNGARY...THEY HAD TO RAISE RATES TO PROTECT THEIR CURRENCY...
AT SOME POINT THE CURRENCY DEBACLE WILL KICK IN AND COMMODITIES WILL RISE...AND PERHAPS RISE GREATLY...WHEN EVERYONE IS DONE "BUYING CASH"...
WHICH IS ESSENTIALLY WORTHLESS PAPER MONEY ....
THEN COMES THE MOVE TO HARD ASSETS...
SOME RESEARCH ON THE EXACT NATURE OF THE WIEMAR HYPERINFLATION SHOULD BE DONE NOW...TO SEE HOW THEIR HYPER-INFLATION GOT STARTED...OBVIOUS...THEY DIDN'T GET INTO THE "WHEEL-BORROWS" OF MONEY SCENARIO OVER NIGHT...
THERE WERE INTERMEDIATE PHASES TOO...AS IN THE CURRENT SITUATION...
AS LONG AS THERE IS A HEADLONG FLIGHT OUT OF ASSETS AND INTO CASH...THE ANOMALIES WILL CONTINUE...
THIS WOULD BE AN EXCELLENT TIME TO STUDY AT A MICRO LEVEL THE MECHANICS OF A POST KEYNESIAN MAJOR CRASH...
I AM SURE THAT THESE DAZE WILL BE STUDIED FOR CENTURIES TO COME BY ECONOMISTS AND OTHERS...
THE LESSON SO FAR IS THAT DURING THE HIGH POINT OF A PANIC...EVERYTHING IS LIQUIDATED...EVEN THINGS THAT SHOULD NOT BE...LIKE GOLD AND OIL...
THE TENSION IS BETWEEN THE DECLINE IN DEMAND...AND THE MASSIVE PRINTING OF MONEY.... IN SHORT...HYPER-DEFLATION AND HYPER-INFLATION...
MY HUNCH IS THAT AFTER THE HYPER-DEFLATION OF DE-LEVERAGING AND MASS LIQUIDATION IS OVER...
THEN AND ONLY THEN WILL THE INFLATIONARY ASPECTS KICK IN...AND PERHAPS A RUSH TO HARD ASSETS....
OF COURSE THE CENTRAL BANKS THINK THEY CAN "SOP UP" THE EXCESS LIQUIDITY WITH RATE HIKES... BUT HIKING RATES IN THE MIDDLE OF A DEPRESSION WILL BE INTERESTING TO SEE...
THE HISTORICAL EMPHASIS SHOULD BE ON GERMANY IN THE 1920'S...AND PERHAPS FRANCE IN THE 1720'S...
NO OTHER COLLAPSE IS SIMILAR...
PERHAPS WE ARE GOING TO GET "SOCIALISM" AS A RESULT OF THIS TOTAL COLLAPSE OF CAPITALISM IN THE END...
MARX WAS RIGHT!!
P.S. WHICH MARX? NOW THAT IS STILL TO BE DETERMINED!
AND IT APPEARS THAT THE FED OR CONGRESS WILL NOT BE ABLE TO PREVENT THIS WITH RATE CUTS, LIQUIDITY OR STIMULUS PACKAGES...
SO DOWN EVERYTHING GOES...
THIS INCLUDES COMMODITIES LIKE OIL AND GOLD...WHICH "SHOULD BE" HIGHER BECAUSE OF THE MASSIVE MONEY ISSUANCE... AND INDEED, IN HUNGARY...THEY HAD TO RAISE RATES TO PROTECT THEIR CURRENCY...
AT SOME POINT THE CURRENCY DEBACLE WILL KICK IN AND COMMODITIES WILL RISE...AND PERHAPS RISE GREATLY...WHEN EVERYONE IS DONE "BUYING CASH"...
WHICH IS ESSENTIALLY WORTHLESS PAPER MONEY ....
THEN COMES THE MOVE TO HARD ASSETS...
SOME RESEARCH ON THE EXACT NATURE OF THE WIEMAR HYPERINFLATION SHOULD BE DONE NOW...TO SEE HOW THEIR HYPER-INFLATION GOT STARTED...OBVIOUS...THEY DIDN'T GET INTO THE "WHEEL-BORROWS" OF MONEY SCENARIO OVER NIGHT...
THERE WERE INTERMEDIATE PHASES TOO...AS IN THE CURRENT SITUATION...
AS LONG AS THERE IS A HEADLONG FLIGHT OUT OF ASSETS AND INTO CASH...THE ANOMALIES WILL CONTINUE...
THIS WOULD BE AN EXCELLENT TIME TO STUDY AT A MICRO LEVEL THE MECHANICS OF A POST KEYNESIAN MAJOR CRASH...
I AM SURE THAT THESE DAZE WILL BE STUDIED FOR CENTURIES TO COME BY ECONOMISTS AND OTHERS...
THE LESSON SO FAR IS THAT DURING THE HIGH POINT OF A PANIC...EVERYTHING IS LIQUIDATED...EVEN THINGS THAT SHOULD NOT BE...LIKE GOLD AND OIL...
THE TENSION IS BETWEEN THE DECLINE IN DEMAND...AND THE MASSIVE PRINTING OF MONEY.... IN SHORT...HYPER-DEFLATION AND HYPER-INFLATION...
MY HUNCH IS THAT AFTER THE HYPER-DEFLATION OF DE-LEVERAGING AND MASS LIQUIDATION IS OVER...
THEN AND ONLY THEN WILL THE INFLATIONARY ASPECTS KICK IN...AND PERHAPS A RUSH TO HARD ASSETS....
OF COURSE THE CENTRAL BANKS THINK THEY CAN "SOP UP" THE EXCESS LIQUIDITY WITH RATE HIKES... BUT HIKING RATES IN THE MIDDLE OF A DEPRESSION WILL BE INTERESTING TO SEE...
THE HISTORICAL EMPHASIS SHOULD BE ON GERMANY IN THE 1920'S...AND PERHAPS FRANCE IN THE 1720'S...
NO OTHER COLLAPSE IS SIMILAR...
PERHAPS WE ARE GOING TO GET "SOCIALISM" AS A RESULT OF THIS TOTAL COLLAPSE OF CAPITALISM IN THE END...
MARX WAS RIGHT!!
P.S. WHICH MARX? NOW THAT IS STILL TO BE DETERMINED!
Tuesday, October 21, 2008
YEN CARRY TRADE CRASH...
SOME RATHER SMART PEOPLE THINK THERE ARE OTHER SHOES TO FALL...ON WALL STREET.
FOR EXAMPLE CREDIT CARD DEBTS...
AND THE NOTION THAT DEFICITS DON'T COUNT IN A CRISIS IS QUESTIONABLE...
AFTER ALL, IT'S THE DEFICITS THAT OFTEN CAUSE THE CRISIS OR AT LEAST TRIGGER IT...
FOR EXAMPLE CREDIT CARD DEBTS...
AND THE NOTION THAT DEFICITS DON'T COUNT IN A CRISIS IS QUESTIONABLE...
AFTER ALL, IT'S THE DEFICITS THAT OFTEN CAUSE THE CRISIS OR AT LEAST TRIGGER IT...
LIQUIDITY FOR BUBBLE "TRAPPED" IN THE BANKS...!
IT APPEARS THAT GETTING THE LIQUIDITY OUT OF THE BANKS IS GOING TO BE A PROBLEM FOR THE BUBBLE..
SEPERATELY....
THE SELL OFF IN GOLD IS ALSO AN ANOMALY THAT NEEDS EXPLANATION...
MY HUNCH IS THAT THE HEDGIES ARE SELLING GOLD ALONG WITH EVERYTHING THING ELSE....
REMEMBER THE HEDGIES WERE BIG ON GOLD THIS SPRING...
AMAZINGLY THE GOLD SELLING...WHICH WAS REALLY A SHORT DOLLAR PLAY THIS SPRING...IS BOOSTING THE DOLLAR AND LOWERING OIL AND THEREFORE GAS PRICES...!!
SO THE HEDGE FUND COLLAPSE AND THEIR FORCED LIQUIDIATIONS....OF STOCKS, OIL AND GOLD.... MAY BE HELPING THE AMERICAN CONSUMER AT THE GAS PUMP!!
FORCED GOLD SALES ARE A FAR BETTER 'EXPLANATION' OF WHY THE DOLLAR IS "STRONG" THAT ANY OF THE OTHER REASONS FLOATED IN THE MEDIA...
INDEED THE MEDIA HAS BEEN MUM ON THE ISSUE OF DOLLAR STRENGH IN THE FACE OF MASSIVE LIQUIDITY INJECTIONS BY THE FED...
THE GOLD SELLING AT LEAST PUTS A LOGICAL REASON BEHIND IT...
SEPERATELY....
THE SELL OFF IN GOLD IS ALSO AN ANOMALY THAT NEEDS EXPLANATION...
MY HUNCH IS THAT THE HEDGIES ARE SELLING GOLD ALONG WITH EVERYTHING THING ELSE....
REMEMBER THE HEDGIES WERE BIG ON GOLD THIS SPRING...
AMAZINGLY THE GOLD SELLING...WHICH WAS REALLY A SHORT DOLLAR PLAY THIS SPRING...IS BOOSTING THE DOLLAR AND LOWERING OIL AND THEREFORE GAS PRICES...!!
SO THE HEDGE FUND COLLAPSE AND THEIR FORCED LIQUIDIATIONS....OF STOCKS, OIL AND GOLD.... MAY BE HELPING THE AMERICAN CONSUMER AT THE GAS PUMP!!
FORCED GOLD SALES ARE A FAR BETTER 'EXPLANATION' OF WHY THE DOLLAR IS "STRONG" THAT ANY OF THE OTHER REASONS FLOATED IN THE MEDIA...
INDEED THE MEDIA HAS BEEN MUM ON THE ISSUE OF DOLLAR STRENGH IN THE FACE OF MASSIVE LIQUIDITY INJECTIONS BY THE FED...
THE GOLD SELLING AT LEAST PUTS A LOGICAL REASON BEHIND IT...
CINDY CREEPS ME OUT....!!
WHY IS CINDY ALWAYS IN THE PICTURE...WITH MCCAIN...?
I MEAN SHE IS NEVER MORE THAN THREE FEET AWAY... SHE CREEPS ME OUT ...
WHAT'S UP WITH THEM...? WHY DOES HER MUG-SHOT HAVE TO BE IN EVERY PICTURE...?
I MEAN SHE IS NEVER MORE THAN THREE FEET AWAY... SHE CREEPS ME OUT ...
WHAT'S UP WITH THEM...? WHY DOES HER MUG-SHOT HAVE TO BE IN EVERY PICTURE...?
STOCKS WILL FINISH UP FROM NOW TILL THE ELECTION...
MY HUNCH IS TODAY THE DOW WILL BE UP ANOTHER 200...
AND THE DOW WILL FINISH UP FROM NOW UNTIL THE ELECTION.
WALL STREET IS RUNNING SCARED AND THEY WANT TO DEFEAT OBAMA AT ALL COSTS...
RUNNING UP THE MAJOR AVERAGES WILL "HELP" THE BUBBA REPUBLICANS FEEL THAT ALL IS WELL..
AND IT'S SAFE TO VOTE FOR ANOTHER REPUBLICAN...
THE COMING MINI BULL MARKET...UP EVERYDAY FROM NOW UNTIL NOVEMBER 2...WILL HELP ELECT MCCAIN...
AND THE DOW WILL FINISH UP FROM NOW UNTIL THE ELECTION.
WALL STREET IS RUNNING SCARED AND THEY WANT TO DEFEAT OBAMA AT ALL COSTS...
RUNNING UP THE MAJOR AVERAGES WILL "HELP" THE BUBBA REPUBLICANS FEEL THAT ALL IS WELL..
AND IT'S SAFE TO VOTE FOR ANOTHER REPUBLICAN...
THE COMING MINI BULL MARKET...UP EVERYDAY FROM NOW UNTIL NOVEMBER 2...WILL HELP ELECT MCCAIN...
MARKETS SOAR ON NEW HOPE FOR MCCAIN!!
THE BUSINESS OF THE US ECONOMY IS ASSET INFLATION...
NOT PROFITS. NOT JOBS. NOT WAGES. NOT PRODUCTION. NOT EXPORTS. ONLY ASSET INFLATION...
WITH SOLID ASSET INFLATION IN PLACE...FOR STOCKS OR HOUSING OR WHATEVER..."COLLATERAL" IS THUS PROVIDED FOR CREDIT EXPANSION...
CREDIT EXPANSION IS THE SOLE SOURCE OF US ECONOMIC "GROWTH" NOW. THE US ECONOMY BEING A "POST-INDUSTRIAL" "POST-PRODUCTION" ECONOMY ...WHATEVER THE HELL THAT IS!!
THE US ECONOMY IS NOW BACK IN BUSINESS BECAUSE OF WASHINGTON'S MASSIVE "INJECTIONS" OF DOLLARS INTO THE "PAPER ASSET" SYSTEM...
THE OPERATIVE BELIEF BEING THAT ONLY MORE PAPER CAN SUPPORT PAPER...! WE ARE IN EFFECT THROWING GOOD PAPER AFTER BAD... AT LEAST UNTIL THE FOREIGNERS "WISE UP."
ASSET INFLATION CAN NOW CONTINUE APACE... INDEED THE DEMAND FOR THE DOLLAR IS HIGH AS SUCKERS AND PLUNGERS RACE BACK INTO STOCKS...SO AS NOT TO "MISS THE BOAT."
THE REAL ECONOMY IS DAMAGED...BUT IT HAS BEEN FOR YEARS...PERHAPS DECADES AS THE MIDDLE CLASS DECLINE CONTINUES...
SADLY THE MIDDLE CLASS IS FLOCKING TO MCCAIN NOW...AND THAT WILL ONLY CONTINUE THE DECLINE OF THE PAST DECADES....
WHAT HAS TO BE REMEMBERED IS THAT THE US ECONOMY DOES NOT REALLY PRODUCE ANYTHING...HENCE THE TRADE DEFICITS...
SO THERE WILL ALWAYS BE A TOP ON HOW FAR THE ASSET INFLATION CAN GO...
THE KEY IS TO AVOID COMMODITIES INFLATION...BECAUSE COMMODITIES ARE ALSO AN "ASSET CLASS"....THAT THE "RICH" CAN INVEST IN...IF OTHER THINGS LOOK PUNK.
THE RUN UP IN GOLD AND THE DECLINE OF THE DOLLAR EARLIER THIS YEAR WERE THE REAL HARBINGERS OF THE RECENT CRASH...
EFFORTS WILL BE MADE TO BASH GOLD...AND THEREFORE OIL...DOWN AT ALL COSTS....
THAT IS THE ONLY WAY THE INFLATION IN "OTHER" ASSET CLASSES...LIKE STOCK AND REAL ESTATE CAN CONTINUE...
CAN THE FED AND WASHINGTON HERMETICALLY SEAL PAPER ASSETS OFF FROM REAL ASSETS...?
WELL THAT IS THE BIG QUESTION... THERE HAS BEEN MASSIVE MONEY PRINTING INJECTED DIRECTLY INTO THE WALL STREET BANKS...IN HOPES THAT THEY CAN CONFINE THAT MONEY TO THE PAPER ASSET MARKETS....
ANY "SLOSH OVER" INTO COMMOIDITIES...AS THIS SUMMER WILL QUEER THE ENTIRE DEAL...
MY HUNCH IS THAT THE MARKETS ARE SAFE NOW...BUT RANGE BOUND...SORT OF ON PAROLE OR PROBATION...
STOCKS ARE ON AN ELECTRONIC TEATHER NOW....THE FED AND WALL STREET WILL HAVE TO AVOID THE GROSS EXCESSES OF THE LAST FEW YEARS...AND WATCH COMMODITIES DAILY...
I THINK IT'S A TEMPORARY FIX...AND IT WILL ALL COLLAPSE AGAIN IN ABOUT SIX OR EIGHT MONTHS...PERHAPS IN THE SUMMER OF 2009.... SO THIS IS A GOLDEN OPPORTUNITY TO DUMP PAPER ASSETS AND GET INTO DEPRESSED GOLD AND OTHER HARD ASSETS...PERHAPS EVEN DISTRESSED REAL ESTATE ON A CASE BY CASE BASIS.
WHY?
WELL YOU WILL HAVE NOTICED THAT NONE OF THE UNDERLYING PROBLEMS ARE AS YET EVEN MENTIONED...
DE-INDUSTRIALIZATION, IE THE COLLAPSE OF THE MANUFACTUING SECTOR CONTINUES APACE... THE TRADE DEFICITS....THE BUDGET DEFICITS...
AND THE ODD "HOPE" THAT A DECLINE IN CHINA WILL TAKE PRESSURE OFF OIL...EVEN THOUGH THE DOLLAR IS MORE RELATED TO OIL THAN ANY USAGE OF OIL IN CHINA ....
SO WELCOME BACK TO LALA LAND...
ENJOY...!
P.S. AND YES THE NEWS THAT MCCAIN IS SURGIN' IN THE POLLS HAS HELPED!
NOT PROFITS. NOT JOBS. NOT WAGES. NOT PRODUCTION. NOT EXPORTS. ONLY ASSET INFLATION...
WITH SOLID ASSET INFLATION IN PLACE...FOR STOCKS OR HOUSING OR WHATEVER..."COLLATERAL" IS THUS PROVIDED FOR CREDIT EXPANSION...
CREDIT EXPANSION IS THE SOLE SOURCE OF US ECONOMIC "GROWTH" NOW. THE US ECONOMY BEING A "POST-INDUSTRIAL" "POST-PRODUCTION" ECONOMY ...WHATEVER THE HELL THAT IS!!
THE US ECONOMY IS NOW BACK IN BUSINESS BECAUSE OF WASHINGTON'S MASSIVE "INJECTIONS" OF DOLLARS INTO THE "PAPER ASSET" SYSTEM...
THE OPERATIVE BELIEF BEING THAT ONLY MORE PAPER CAN SUPPORT PAPER...! WE ARE IN EFFECT THROWING GOOD PAPER AFTER BAD... AT LEAST UNTIL THE FOREIGNERS "WISE UP."
ASSET INFLATION CAN NOW CONTINUE APACE... INDEED THE DEMAND FOR THE DOLLAR IS HIGH AS SUCKERS AND PLUNGERS RACE BACK INTO STOCKS...SO AS NOT TO "MISS THE BOAT."
THE REAL ECONOMY IS DAMAGED...BUT IT HAS BEEN FOR YEARS...PERHAPS DECADES AS THE MIDDLE CLASS DECLINE CONTINUES...
SADLY THE MIDDLE CLASS IS FLOCKING TO MCCAIN NOW...AND THAT WILL ONLY CONTINUE THE DECLINE OF THE PAST DECADES....
WHAT HAS TO BE REMEMBERED IS THAT THE US ECONOMY DOES NOT REALLY PRODUCE ANYTHING...HENCE THE TRADE DEFICITS...
SO THERE WILL ALWAYS BE A TOP ON HOW FAR THE ASSET INFLATION CAN GO...
THE KEY IS TO AVOID COMMODITIES INFLATION...BECAUSE COMMODITIES ARE ALSO AN "ASSET CLASS"....THAT THE "RICH" CAN INVEST IN...IF OTHER THINGS LOOK PUNK.
THE RUN UP IN GOLD AND THE DECLINE OF THE DOLLAR EARLIER THIS YEAR WERE THE REAL HARBINGERS OF THE RECENT CRASH...
EFFORTS WILL BE MADE TO BASH GOLD...AND THEREFORE OIL...DOWN AT ALL COSTS....
THAT IS THE ONLY WAY THE INFLATION IN "OTHER" ASSET CLASSES...LIKE STOCK AND REAL ESTATE CAN CONTINUE...
CAN THE FED AND WASHINGTON HERMETICALLY SEAL PAPER ASSETS OFF FROM REAL ASSETS...?
WELL THAT IS THE BIG QUESTION... THERE HAS BEEN MASSIVE MONEY PRINTING INJECTED DIRECTLY INTO THE WALL STREET BANKS...IN HOPES THAT THEY CAN CONFINE THAT MONEY TO THE PAPER ASSET MARKETS....
ANY "SLOSH OVER" INTO COMMOIDITIES...AS THIS SUMMER WILL QUEER THE ENTIRE DEAL...
MY HUNCH IS THAT THE MARKETS ARE SAFE NOW...BUT RANGE BOUND...SORT OF ON PAROLE OR PROBATION...
STOCKS ARE ON AN ELECTRONIC TEATHER NOW....THE FED AND WALL STREET WILL HAVE TO AVOID THE GROSS EXCESSES OF THE LAST FEW YEARS...AND WATCH COMMODITIES DAILY...
I THINK IT'S A TEMPORARY FIX...AND IT WILL ALL COLLAPSE AGAIN IN ABOUT SIX OR EIGHT MONTHS...PERHAPS IN THE SUMMER OF 2009.... SO THIS IS A GOLDEN OPPORTUNITY TO DUMP PAPER ASSETS AND GET INTO DEPRESSED GOLD AND OTHER HARD ASSETS...PERHAPS EVEN DISTRESSED REAL ESTATE ON A CASE BY CASE BASIS.
WHY?
WELL YOU WILL HAVE NOTICED THAT NONE OF THE UNDERLYING PROBLEMS ARE AS YET EVEN MENTIONED...
DE-INDUSTRIALIZATION, IE THE COLLAPSE OF THE MANUFACTUING SECTOR CONTINUES APACE... THE TRADE DEFICITS....THE BUDGET DEFICITS...
AND THE ODD "HOPE" THAT A DECLINE IN CHINA WILL TAKE PRESSURE OFF OIL...EVEN THOUGH THE DOLLAR IS MORE RELATED TO OIL THAN ANY USAGE OF OIL IN CHINA ....
SO WELCOME BACK TO LALA LAND...
ENJOY...!
P.S. AND YES THE NEWS THAT MCCAIN IS SURGIN' IN THE POLLS HAS HELPED!
Monday, October 20, 2008
GOLD AND OIL WILL RISE WITH STOCKS...
THE BUBBLE IS BACK...!!
BERNANKE PAID FOR IT...NOW IT'S UP TO WALL STREET TO SPEND IT...
WATCH STOCKS SOAR FROM NOW TILL THE ELECTION...
FOR THE DURATION OF THE ELECTION CYCLE THE NEW BUBBLE WILL BE CONFINED TO THE BLUE CHIP DOW AND S&P STOCKS AS THE STREET GETS USED TO BUYING INTO BUBBLES AGAIN...
NO ACTION IN HOUSING...NO ACTION IN DOT COMS...
THIS WILL BE THE DOW BUBBLE ALL THE WAY...
BERNANKE PAID FOR IT...NOW IT'S UP TO WALL STREET TO SPEND IT...
WATCH STOCKS SOAR FROM NOW TILL THE ELECTION...
FOR THE DURATION OF THE ELECTION CYCLE THE NEW BUBBLE WILL BE CONFINED TO THE BLUE CHIP DOW AND S&P STOCKS AS THE STREET GETS USED TO BUYING INTO BUBBLES AGAIN...
NO ACTION IN HOUSING...NO ACTION IN DOT COMS...
THIS WILL BE THE DOW BUBBLE ALL THE WAY...
GLOOM AND DOOM OFFICIALLY ENDORSES MCCAIN!
THE GLOOM AND DOOM REPORT OFFICIALLY ENDORSES MCCAIN FOR PRESIDENT....
ONLY MCCAIN CAN TRASH AMERICA AND STUPID AMERICANS THE WAY THEY DESERVE TO BE TRASHED...
ONLY MCCAIN CAN DRAG AMERICA DOWN TO THE LEVEL WHERE PERHAPS IN THE FUTURE A PROGRESSIVE AGENDA IS POSSIBLE...
ONLY MCCAIN CAN TEAR AMERICA APART...AND GRID LOCK WASHINGTON INTO A HATE FILLED CESSPOOL...
MCCAIN IS THE OFFICIAL CANDIDATE OF GLOOM AND DOOM!!
P.S.
I PERSONALLY DON'T VOTE...SO NONE OF THESE CANDIDATES WILL GET MY ACTUAL VOTE... I QUIT VOTING MANY CYCLES AGO WHEN I FINALLY DECIDED THAT VOTING IN THIS SYSTEM WAS AN INSULT TO MY INTELLIGENCE... THIS AFTER MANY YEARS OF VOTING... BUT FRANKLY I ENJOY NOT VOTING IT GIVES A DIFFERENT PERSPECTIVE ON THE RACES...NOT HAVING "YOUR GUY" IN THE RUNNING...
ONLY MCCAIN CAN TRASH AMERICA AND STUPID AMERICANS THE WAY THEY DESERVE TO BE TRASHED...
ONLY MCCAIN CAN DRAG AMERICA DOWN TO THE LEVEL WHERE PERHAPS IN THE FUTURE A PROGRESSIVE AGENDA IS POSSIBLE...
ONLY MCCAIN CAN TEAR AMERICA APART...AND GRID LOCK WASHINGTON INTO A HATE FILLED CESSPOOL...
MCCAIN IS THE OFFICIAL CANDIDATE OF GLOOM AND DOOM!!
P.S.
I PERSONALLY DON'T VOTE...SO NONE OF THESE CANDIDATES WILL GET MY ACTUAL VOTE... I QUIT VOTING MANY CYCLES AGO WHEN I FINALLY DECIDED THAT VOTING IN THIS SYSTEM WAS AN INSULT TO MY INTELLIGENCE... THIS AFTER MANY YEARS OF VOTING... BUT FRANKLY I ENJOY NOT VOTING IT GIVES A DIFFERENT PERSPECTIVE ON THE RACES...NOT HAVING "YOUR GUY" IN THE RUNNING...
REPUBLICAN SLIME MACHINE IS WINNING!!
ONE OF THE CURIOUS THINGS ABOUT THE REPUBLICAN SLIME MACHINE IS THAT THE POOR AND THE STUPID WHO ARE MOST LIKELY TO SUPPORT MCCAIN ...ARE EXACTLY THE PEOPLE WHO WOULD BENEFIT MOST BY AN OBAMA AND DEMOCRATIC WIN...
WHY SHOULD THE WEALTHIER AND BETTER EDUCATED BI-COASTAL "BLUE" STATE ELITES GIVE A FUCK ABOUT THE STUPID RED NECKS IN THE RED STATES...
LET THEM WALLOW IN THEIR OWN SHIT...!
IT IS INTERESTING TO SEE POOR PEOPLE SO AFRAID OF "SOCIALISM"...AND "RE-DISTRIBUTION OF WEALTH"... LOL....
WELL I SAY FUCK EM...!!
I WILL BE ADVOCATING FOR A MCCAIN WIN BECAUSE ONLY A MCCAIN VICTORY CAN FUCK THE STUPID AMERICANS....AND MOST OF THOSE STUPIDS ARE BUBBA REPUBLICANS IN RED STATES!!
THE INTERESTING THING ABOUT THE MCCAIN WIN WILL BE THAT HE WILL BE IMMEDIATELY UNPOPULAR AS PRESIDENT... ALL OF THE OBAMA ELITE WILL HATE HIM...AND MCCAIN'S OWN "SUPPORTERS" WILL BE AFRAID AND ASHAMED OF WHAT THEY HAVE DONE...WITHIN HOURS OR DAYS OF THE MCCAIN WIN...
MCCAIN IS TOTALLY OFF KEY WITH THE AMERICAN PEOPLE AND THE WORLD AT LARGE...
A MCCAIN PRESIDENCY WOULD LIKELY DAMAGE THE AMERICA ECONOMY AND STANDING BEYOND ALL REPAIR... IN PART BY MCCAIN'S OWN ODDNESS...BUT ALSO AS THE REST OF THE WORLD SUDDENLY REALIZES THAT THERE IS SOMETHING VERY VERY WRONG WITH AMERICANS...THE STUPID ONES IN PARTICULAR...
SO I SUPPORT MCCAIN...BECAUSE ONLY MCCAIN CAN TRASH AMERICA GOOD!
AND ONLY MCCAIN CAN TRASH THE IGNORANT REPUBLICANS LIKE YOU 'LL SEE ALL OVER OHIO...AND ELSEWHERE...!!
LET THEM SUFFER FOR THEIR IGNORANCE...!! ELECT MCCAIN!!
WHY SHOULD THE WEALTHIER AND BETTER EDUCATED BI-COASTAL "BLUE" STATE ELITES GIVE A FUCK ABOUT THE STUPID RED NECKS IN THE RED STATES...
LET THEM WALLOW IN THEIR OWN SHIT...!
IT IS INTERESTING TO SEE POOR PEOPLE SO AFRAID OF "SOCIALISM"...AND "RE-DISTRIBUTION OF WEALTH"... LOL....
WELL I SAY FUCK EM...!!
I WILL BE ADVOCATING FOR A MCCAIN WIN BECAUSE ONLY A MCCAIN VICTORY CAN FUCK THE STUPID AMERICANS....AND MOST OF THOSE STUPIDS ARE BUBBA REPUBLICANS IN RED STATES!!
THE INTERESTING THING ABOUT THE MCCAIN WIN WILL BE THAT HE WILL BE IMMEDIATELY UNPOPULAR AS PRESIDENT... ALL OF THE OBAMA ELITE WILL HATE HIM...AND MCCAIN'S OWN "SUPPORTERS" WILL BE AFRAID AND ASHAMED OF WHAT THEY HAVE DONE...WITHIN HOURS OR DAYS OF THE MCCAIN WIN...
MCCAIN IS TOTALLY OFF KEY WITH THE AMERICAN PEOPLE AND THE WORLD AT LARGE...
A MCCAIN PRESIDENCY WOULD LIKELY DAMAGE THE AMERICA ECONOMY AND STANDING BEYOND ALL REPAIR... IN PART BY MCCAIN'S OWN ODDNESS...BUT ALSO AS THE REST OF THE WORLD SUDDENLY REALIZES THAT THERE IS SOMETHING VERY VERY WRONG WITH AMERICANS...THE STUPID ONES IN PARTICULAR...
SO I SUPPORT MCCAIN...BECAUSE ONLY MCCAIN CAN TRASH AMERICA GOOD!
AND ONLY MCCAIN CAN TRASH THE IGNORANT REPUBLICANS LIKE YOU 'LL SEE ALL OVER OHIO...AND ELSEWHERE...!!
LET THEM SUFFER FOR THEIR IGNORANCE...!! ELECT MCCAIN!!
Subscribe to:
Posts (Atom)