By: pelicanbrief114 11 May 2010, 11:36 PM EDT Rating: Rate this post: Msg. 932311 of 932481 (Reply to 932295 by aladin99)
Jump to msg. # Let's Put A Few Things Into Perspective With Some Clarity
First, the 'covering' of shorts facilitates Higher prices, not lower, whether it be in individual issues (equities) or, the indices themselves.
Secondly, last Thursday's 'Swan Dive' off the 'cliffs of Acapulco' was indeed NOT precipitated via the 'Fat Finger', yet merely Quants (ie Program Trading) where levels were 'tagged; violated;breached', which precipitated further selling pressure that obviously 'sliced and diced' through circuit breakers 'triggering' further onslaught.
When 70%+ volume in markets is generated via 'Program Trading' (ie GS/Robots), the tape will surely witness these rapid-fire events and last Thursday's plunge will NOT be the first nor last, participants witness.
Finally, with respect to the 'Atomic Bomb', well, that resides in several landmines that grace the global landscape such as:
- $600+ Trillion (notional value) OTC Derivitives- 10X the entire Global GDP
- All Global Fiat Currencies
- Bond Market
Where all of the above are 'Live' and 'Ticking/Set' which in due time, shall ultimately 'Trigger'. Not to mention the pulling of the 'Plug' from the bath water via Foreign holders of Paper (Worthless/Toxic) that Not IF, yet When occurs, render all Plastic Ships & Rubber Duckies sunk in the tub.
Remember, Global CONtagion referenced on numerous ocassions in recent past? The Here and Now. Rest assure, the Boomerang will be reversing course from across the Pond only to smack us right between the eyes where the wick was lit in NYC/DC and dispersed throughout.
Hope that this has put some perspective on the issue and bidding you all farewell.
By: pelicanbrief114 06 Jun 2010, 12:11 PM EDT Rating: Rate this post: Msg. 939262 of 939856
Jump to msg. # Heard In The Halls
"A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and he carries his banners openly against the city. But the traitor moves amonth those within the gates freely, his sly whispers rustling through all alleys, heard in the very halls of government itself." -Marcus Tullius Cicero 106-43 BC
By: pelicanbrief114 12 Jul 2010, 02:48 PM EDT Rating: Rate this post: Msg. 946467 of 946525 Jump to msg. # A$$et$ Are Liabilities
The promise of payment is as good as getting the money... (YEAH,RIGHT!)- Fred Cederholm TH*NK*NG
I‘ve been thinking about spending. Actually I‘ve been thinking about Uncle $ugar, the National Debt, the Social Security Trust Fund, Illinois, British Petroleum (BP), and those Gulf of Mexico oil mishap victims. Spending is the “solution” to everything. Spending will fix things, Spending truly makes us complacent and happy. Being owed money is the same thing as actually having it, right? Sorry but the current situation is all smoke, lights, and mirrors. After all, the number one item in the three biggest lies is “your check is in the mail…” You may die waiting to get what you TH*NK you are due!
You see we are all the victims of “the sizzle instead of the steak” which characterizes the bait and switch being foisted upon US/ us. The last time Uncle $ugar actually ran a true fiscal year surplus was when Nixon was President in the early 1970‘s, and that was some FORTY years ago. Uncle and his government(s) have been very profligate — playing fast and loose with the checkbook. (“Hey, I can‘t be overdrawn, I‘ve got plenty of checks left”?!?!?!) Thirty years ago Dick Cheney said “the (Reagan era) deficits, don‘t matter…” It was during this time frame when our National Debt took off at Star Trek warp speed. The National Debt stood at just under ONE TRILLION in 1981. It was 190 years to get our first TRILLION of debt. This now approaches $ 13.193 TRILLION. We are adding a proposed $1.6 TRILLION in the current fiscal year. Now a TRILLION doesn‘t even buy us a year of OVER-spending.
We are being undone by “the system” itself. Spending (make that debt financed spending) may keep the public satiated for awhile, but buying friendship and loyalty is never long term in the public (or private) realm(s). The public circuses of the Caesars‘, Caligula, and Nero may have kept the public drunk and happy for awhile, but things didn‘t end very pleasantly for them, didthey? It won‘t for US/ us now either. We are wallowing in a (global) crisis of debt and our fine upstanding public servants are putting forth adding still more debt as the solution to this debt initiated crisis. (It ain‘t gonna work!) But, what else are they going to do, cut spending and be responsible? How is that going to fair with the recipients of the largesse and governmental programs‘ generosity? How will that get them re-elected?
Uncle $ugar is different in that he and his partners in crime at the Treasury and the FEDERAL RESERVE can “legally” print more money. (How is this illegal when the government is doing it and the government makes the laws?) This scam game will go on no longer for him. He is still issuing checks to the disgruntled masses. The situation is so much worse than it feels because Uncle has used prepaid surpluses elsewhere. From the time of Lyndon Johnson (make that Vietnam) roughly $4.5TRILLION of Social Security Surpluses and other pension trust monies have been co-mixed in the general kitty and spent elsewhere. The huge escalation of taxes paid in since Reagan were supposed to keep everything solvent until 2037. Well guess what? These surpluses now will become shortfalls in less than 5 years. Those who paid in will be forced to pay Uncle again, to be able to pay themselves. How does that work?
Illinois is now regarded as the worst of the fifty states. When they ran out of bucks, they just stop making payments. They owe everyone. Springfield is obligated to have a balanced budget, so on the cash basis of accounting they stop cutting checks when the cash runs out. They could borrow some in anticipation of coming revenues, but the Land of Lincoln now has a worse than “junk bond” rating –the bottom of the 50 states. This will greatly raise the cost of borrowing. It is projected that the state will run out of the current year‘s cash in the coming December. By the end of this fiscal year, Illinois will be behind a full year‘s worth of payments (plus what is owed in arrears to the pension funds). The legislature plans to address all this in November --- after the elections. We are told not to worry, but where are they going to get the money (but from us)?
The media is ripe with hype and spin for the BP $ 20,000,000,000 ($20 BILLION) trust fund set up to reimburse the financial victims of the Horizon Deepwater nightmare in the Gulf. This will fix and restore everything. But, where is the money? Just last week, there were at least six major news stories about victims getting less than they are owed, or nothing at all. BP is accepting calls, but not returning most of them. Money is clearly being spent, but on advertisements telling us what BP is going to do — kind of like “Don‘t worry, be happy… we are on top of the situation.” It is now day 82 and counting…
We “clearly” have our priorities all out of focus by giving any concern what-so-ever to what is owed on the Federal, State, and corporate levels. Let‘s face it the debts will all ultimately fall to the taxpayers in the end. So… this all is money we just owe ourselves…Hey, “we‘re” probably never to have to fork over the cash anyway. Big deal!!! What‘s $ 13,193,000,000,000? What‘s another $1,600,000,000,000? What‘s a $ 4,500,000,000,000 prepaid (trust) fund that no longer exists? What is a year plus of unpaid bills in Illinois? Who cares about what is due the Gulf of Mexico victims? They all said that they are gonna pay up, right? It is only money, I mean… it is only paper. I MEAN that our so called assets are LIABILITIES!!!