...can prevent market melt ups based on phony NFP numbers.
Creditcane™: How'd that NFP excitement work out for you?
SPXShooting star day. Midpoint above EMA(10). Tested and failed SMA(144). Holding above the 38.2% retrace (1241.13). No daily 3LB changes (reversal is 1158.67). QE2infinity. Still above weekly 3LB mid but below monthly 3LB mid.
DXYBullish short day (confirmed morning star). Midpoint below EMA(10). Tested and held the 50.0% minor retrace (78.43). Holding above all SMA's. No daily 3LB changes (reversal is 78.28). Confirming the monthly 3LB reversal up.
VIXBullish short day. Midpoint below EMA(10). Failing SMA(144). Tested and held its 61.8% retrace (26.16). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone has been eliminated (for now).
GOLDSpinning top day. Midpoint above EMA(10). Holding above its 38.2% retrace (1716.70). Tested and held SMA(21). No daily 3LB changes (reversal is 1643.50). Must have the precious.
EURUSDSpinning top day. Midpoint above EMA(10). Still failing all SMA's. Holding above its 100.0% retrace (1.3350). No daily 3LB changes (reversal is 1.3511).
JNKBullish short day. Midpoint above EMA(10). Tested and held SMA(89). Tested and held its 38.2% retrace (37.62). New high on daily 3LB (reversal is 36.43). Last three days form a hanging man.
10YR YIELDBearish long day. Tested and failed SMA(89). Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 19.39).
WTIBullish short day. Still above all SMA's. Midpoint above EMA(10). Failing its 61.8% retrace (101.74). New high on dally 3LB (reversal is 96.92). Not confirming the monthly 3LB reversal down.
SILVERSpinning top day. Still failing all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 36.65).
BKXBullish short day (didn't confirm hanging man or bearish harami). Midpoint above EMA(10). Tested and held SMA(89). Tested and held its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 40.05).
HYG/LQDSpinning top day. Holding above SMA(21,89). Midpoint above EMA(10). Tested and failed its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7466).
USDJPYBullish short day. Midpoint above EMA(10). Holding above SMA(21). Tested and held its 50.0% minor retrace (77.785). No daily 3LB changes (reversal is 75.70).
DJ TRANS AVGBullish short day. Holding above SMA(144). Midpoint above EMA(10). Tested and failed its 38.2% retrace (4966.03). New high on daily 3LB (reversal is 4533.44).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
33 comments:
That bad, eh?
Geithner is actually heading to the EU not to try and convince EU leaders to stay strong but to strong arm the ECB into printing. Bet on it.
lol, yeh, it's bad... is that a gravestone doji on the SPX?
...jobs...
576,000 peeps fell off the list
120,000 jobs created
=
-456,000 jobs created = real number
so how in the h3ll did the rate go from 9.0 to 8.6 when 87,000,000 peeps in this country are not working, 28% of the population.
something just don't look right on this chart, and this chart
There are other associated things I'd like to see numbers on. AS a forinstance, the elderly. If these people now make say, 1-2% on their retirement funds where pre-2008 they made 4-5%, how has this impacted spending by this age group?
Any thoughts as to whether the Chinese will re-peg the remembi to the dollar at a lower rate if the slowdown gets bad enough?
Is GM planning any plant shutdowns in 2012, or is the idea that they are channel stuffing false?
If those idiots you guys elected to congress don't get any more progress on the budget deficit than the non-progress we had this year, why shouldn't we be downgraded by everyone?
..and so forth..
http://www.youtube.com/watch?v=5V3kpKzd-Yw
Q's,
for what its worth, as he's not the sort of guy to make stuff up, David Rosenberg was on bloomberg radio on Thursday morning and told them the rate should drop into the 8's based on the way he put together about 5 different reports, I couldn't repeat to you how he did as I don't really follow that stuff but it would appear he got it right.
Bruce,
when I first started doing this I always figured when I would meet with an elderly person they'd be all cash and bonds as well.....this has been the exact opposite of my experience though, it's crazy, but more often than not I'm meeting people like that that have a ton of money in stocks, T, and DD are the most common ones around here that I see. I have one client that has owned T since the 60's and I sold some of it last year, that was a real blast figuring out the basis. I brought on one client that is quite up there in age this year, parents of another client, in their 70's, they had just over a million with morgan stanley, 73% stocks, no joke. We've got that changed for them now of course
Here's the thing about their spending, most of these folks, again, just my experience, have no mortgage and they more often than not get a pension AND social security and so their spending isn't so much dictated by their investments, plus, as people get much older they all spend less. Those clients above, only reason they take any money from their accounts is for RMD's.
Probably that age 45-60 group that is taking the biggest pounding in this whole thing on every front, investments, lack of pensions, job loss, especially the 60 group as the decade leading up to "retirement years" provided them a fat 0 from the stock market and two 50% declines to be a part of, which of course by def., most of them were.
B22 thanks, I think they're fudging the actual available workforce numbers, which in turn will lower the UR even if it get worse. In other words, when someone is on extended unemployment then stops receiving it AND not working, they're not counted anymore. Another thing that's messed up is if someone lost a $100K+/YR job and is now working but making minimum wage, they're counted as employed.
From what I keep hearing NO president has ever been re-elected when the UR was more than 7%, guess our Ø-so-mighty one will somehow get the number below 7. Then, he'll get the zombie vote and get his 2nd term.
re: stocks not going anywhere, yep, SPX 1st hit 1244 Dec-98, 13 years ago, 156 months ago, and out of those months, SPX monthly has only closed above 1244 about 64 times... 41%
I'd bet inflation has destroyed those profits, if there was any.
In my 401K, I'm up about 6% this year. For the last 7 months or so it's just sitting there making about 1-2%/YR waiting for my employer match next month :) Ain't getting rich but those 50% drawdowns would make me puke if I rode one down.
-part 1-
From what I keep hearing NO president has ever been re-elected when the UR was more than 7%, guess our Ø-so-mighty one will somehow get the number below 7. Then, he'll get the zombie vote and get his 2nd term.
---
That won't be exactly how it will happen...
Here's how it will (as I must re-iterate this now for the brazillionth time)...
---
- The FED's charter is up in 2013... Which means the NEXT ELECT needs to pony up and play this century's version of Woodroow Wilson of the 'Jeckyl Island' days gone by...
- So, the next MONKEY BOY needs to have the same qualities of Woodrow Wilson (whether it be 'corrupt', 'naive', 'scared shitless', OR [insert that of your choice])
- Obama has proved to be a pretty good stooge thus far, so that would be choice #1 (as far as my intuition is able to perceive at this stage in the game)...
- But... TPTB want an insurance policy (as ANY good gambler would - vis-a-vis the "hospital scene" from the movie THE NATURAL)
- So... the humourous "shooting duck gallery" of GOP hopefuls, that the MSM [which is basically controlled by few], has paraded forward in the past months (only to be 'SUPRISINGLY' shot down)... Witness... First Palin, then Bachmann & Perry, now Cain, next up Gingrich, & probably last left standing will be Romney (who, of course, after Super Tuesday will end up UNELECTABLE because he's a MORMON) are all Obama, the Kenyan puppet, will ever have to contend with... Unemployment numbers (as referenced above) are just a pawn in this process... After all - a good illicit "dicksucking" from the past (vis-a-vis CAIN) can change peoples OPINIONS faster than any 'transitory' NFP numbers can... THAT has already been proven...
- Have NO FEAR that Obama will ever have to contend with Ron Paul... Because, according to the MSM... HE [Ron Paul] DOESN'T EXIST...
- In the end, most likely, Ron Paul will (after Super Tuesday in March), have to go it alone as a 3rd party candidate...
- Thus... He will become the ROSS PEROT of the 2012 elections if needed...
- Thus... Obama could probably win with EVEN LESS than 'BUBBA' won with in 1992 (which was the lowest in history)...
- part 2 -
The ACE IN THE HOLE (of all the above mentioned), is that if Obama REALLY FUCKS UP, or, if things don't go according to plan, then Obama will 'mysteriously' pull an LBJ and not run...
- NOW PINCH HITTING... HILARY CLINTON...
- I doubt it'll ever need to get to that point... & if somehow Obama 'grows a pair' between now & then, there are always BOOK DEPOSITORIES, & FORD'S THEATRES to assure compliance...
MAKE NO MISTAKE... The FUTURE is about extending THE CARTEL... 'The Cartel' wants a global government & they want to be tolltakers along the turnpike... Which means... SUCKING TAX DOLLARS from US GDP to pay fiat bank interest for as long as the game exists (which 'incrementally' they are using to siphon THE PRECIOUS from physical exchanges whilst manipulating the PRICE of same via 100x levered PAPER derivatives... The "money managers" (on Traders Anonymous. Blogspot. COM)... Knowingly or not, are COMPLICIT to this rape because they are assisting in the transfer as a conduit from WHAT WAS the perceived wealth of their clients FIAT, to the BANKERS (who are the pirates in the scheme)... I'm pretty sure the process will continue unabated until the last FIAT dollar is siphoned from the last client (via the COMING 'confiscation' of 401k's & such)... and has been melted into a bar or brick of gold to be loaded on to a GS or JPM pallette in some abandoned warehouse underground Detroit City...
I encourage you all to have fun in the process...
Respectfully,
cv
---
"We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years."
"It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries."
David Rockefeller - Internationalist billionaire, Humanist, CFR kingpin, founder of the Trilateralist Commission, World Order Godfather
Date: June 1991 Baden, Germany
Source: Bilderberger Meeting, Baden, Germany
@QQQQ
Oh... & to you...
Well - I hope your 'timing' sensors on the '18's' have factored in the '401k's' (or what will BECOME of them - before or after your company matching protocol &/or your 6% taxable gains on the fiat)...
---
About a year ago, we discussed the very troubling moves by insolvent countries such as Ireland and Hungary to "raid" their pensions funds for various fungible purposes, a move which in virtually every way a was a progenitor to the MF Global capital commingling, if not outright bankruptcy, and was explained as reflecting "a willingness by governments to use long-term assets to fill short-term deficits, including Ireland’s announcement last week that it would use the country’s €24bn National Pensions Reserve Fund “to support the exchequer’s funding programme” and Hungary’s bid to claw $15bn of private pension funds back to the state system." While it was unclear precisely what the use of funds was, back then FN speculated that it pension funds were being tapped to boost sovereign debt bids. Which if true means that Europe's peripheral pensioners have seen about a 20% drop in the NPV of their retirement assets. Today we add Portugal to the list of countries committing an MF Global type crime on a global scale: the Telegraph writes: "Portugal has raided €5.6bn (£4.8bn) of pension fund assets in a controversial scramble to meet its deficit targets." And since the money is once again implicitly and explicitly used to patch broken fiscal models, it is as good as gone. Which in a paradoxical way is almost welcome, as the true Arab Spring will not come to Europe (and America) until the citizens don't read, in clear writing, that their welfare state entitlement benefits are gone.... They are all gone. And at that point there will be truly nothing left to lose.
http://www.zerohedge.com/news/portugal-latest-country-go-mf-global-raids-pensions-funds-delay-fiscal-death
cv, I guess that could happen, here in the USA, hell, guess they could hire 1,000,000 peeps to tear down houses looking to confiscate gold also. Or, they could steal peeps food from their farms and drain their tanks of gas. As I see it, as long as the USA is printing money, we'll be somewhat ok. I realize the end of the world will happen, but don't think it'll be because our govt stole everyones money/land/gold/women in one lump sum. But if they do, they'll even take your nickels. /sarc
I'll bet ya a 1oz silver coin in 5 years I'll still be putting $$ into the 401K (if I'm still working) and it'll still be there. When I start to live off it, they may tax the shit out of it but that's a different story.
on the Obama stuff, agree, he'll most likely serve another term... makes me sick though... but I'll get over it.
Weekly 3LB Update 12/2/11
"As I see it, as long as the USA is printing money, we'll be somewhat ok"
---
I'm going to have to write that one down & remember it... I might be able to peddle it as somebody's campaign slogan...
On that subject... Here's a good one for Obama 2012...
"You ain't seen nothin' yet!"...
...as for this
guess they could hire 1,000,000 peeps to tear down houses looking to confiscate gold also. Or, they could steal peeps food from their farms and drain their tanks of gas
---
I don't want to get into a debate about the subject (unless someone really wants to), but what one should consider before breezily typing out paragraphs on a blog after an in-depth 30 second 'scenario' contemplation exercise are the following (for starters)...
LOGISTICS
Ever looked at a concentration of population map of the USA? Most of the people live in or around cities... Frankly, with all the gangland activity, I'd guess that the greatest concentration of gold & guns are in gang infersted areas... Start moving into wealthier suburbs and most likely some of the guns would drop off, but there may be 'some' gold there (though the vast majority of 'wealth' [ha ha] there would not be existent at all as it wouyld take the form of a fancy looking [LEASED] vehicle, an underwater McMansion, a bunch of plastic shit from China, and some cozy 'electronic 401k balances' that had already been confiscated... Land wise, things start spreading out after that... It took an entire US led coalition of military over a decade (O[s]BAMA BI[n la]DEN to find a guy in a cave...
Bottom line? It's highly likely only the low hanging fruit would be a target...
On the subject of fruit...
FOOD
Don't you think that the food situation has already been considered? What I mean by that is that you have to change scenarios... Let's say, instead, in a preparation for a nuclear disaster, or such... The true answer is underground storage of dry foods, seeds, etc... BUNKERS... I'd be more willing to bet that tons & tons of food are already squirreled away in secret military & government bunkers... Which is to say... In REAL chaos, they're probably more likely to retire to their own cozy & well equipped bunkers & wait it out versus going around foraging for a few scraps of food... Let the zombies battle amongst themselves & kill each other off... You're probably only in danger if you happen to be on prime logistical real estate...
Slowly, they'd come back out to claim the land (as they've done before with the native American populations), but that may take quite some time...
cont'd
NICKLES???
Don't make me laugh... Do you know how heavy nickles are? The BRINKS Trucks have about a 5 ton payload limit and the preciousness of the fuel to move one of those things around would outstrip the cost benefit of procuring a stash of nickles... That's why it's a 'poor man's' option...
Frankly, the 'nickles' argument is more of a bet for someone who believed that there WOULD NOT be a bloody revolution... Instead, just a simple RE-DO on the currency... Why? Because historically, 'coinage' has survived it's value from one fiat regime to the next... It's the 'paper' that gets inflated...
Put another way... Let's say there is a hyperinflationary bonfire in which, basically, debts from the previous fiat were inflated away...
As in many cases (like Weimar, Argentina, Zimbabwe, etc.)... The paper would be worth nothing... But physical items would pass thru (and be re-valued in the new currency)... As has ALWAYS been the case, the more precious metals would be be worth more...
Gold>Silver>Copper/Nickle>Zinc
http://en.wikipedia.org/wiki/File:GermanyHyperChart.jpg
What people constantly fail to let sink in, is that owning PHYSICAL 'is not' a way to get rich during a hyperinflation... Instead, it's a way of preserving some buying power when a currency gets inflated & vanishes into thin air...
Towards the end of the Weimar episode, gold hoarders weren't out there saying "Please - give me all your TRILLIONS so I can be rich!"...
Sure enough though, the holders of anything of value (basically - anything that WASN'T paper) has the means to transact afterwards (& in a new currency)...
It doesn't have to be gold, silver, or nickles... Anything handy would just about do... Fuel, containers, propane, tools, hooch, cigarettes, chocolate bars, hygeine products, toilet paper, tampons...
The good thing about nickles is that they're dense, easy to store, hard to steal, precisely weighted & denominated, won't deteriorate or decay (thus imperishable)... & even if the worst NEVER happens, you can run to the store and exchange them at any time for something in this lovely FIAT world that we all seem to enjoy so much & that'll keep reaching higher until we reach JETPACKS status...
You know... That world where "As I see it, as long as the USA is printing money, we'll be somewhat ok"
Sleep well my friends (and as a potential hedge, I highly recommend the "other" candlesticks)... Might come in handy... You never know...
For a somewhat simpler notion on PM's (or nickles, for that matter), refer to Gresham's Law...
---
Gresham's law is an economic principle that states: "When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation."[1] It is commonly stated as: "Bad money drives out good", but is more accurately stated: "Bad money drives out good if their exchange rate is set by law."
---
I suppose Gresham's Law could be updated in ther following ways...
the overvalued money will flood into circulation
In the present form, our money is DEBT MONEY (FRN's)... You don't see hyperinflation on the streets because the debt money is not circulating... However, THE DEBT 'is' inflating (which means the POTENTIAL money (at any given time) could begin to circulate if & when the opportunity presented itself...
To me... It is natural to assume that if CB's feel that chaos can continue to be avoided by continuing to electronically inflate (without circulating) in this way (basically - stacks upon stacks of derivatives & leverage, then we're OK living on that razors edge...
But it is already apparent to me (& many others), that it is already well beyond any capacity to unwind the Ponzi in anything resembling order... The farther it goes, the more disorgerly it will become...
I even think the CB's understand this... So do "most" politicians... So the only wrangling to keep the system alive anymore is being done in some kind of ballet/tightrope walk in conjunction with election cycles (& YES, central bank charter expiration dates)...
I believe the "goal" will be to pull the plug at some point (and the 2013 timeframe, when the Fed's chsarter is up for renewal sure would be a convenient time now wouldn't it)...
Meanwhile, we're still stuck in a frenzied "grab-all" period... A 'BLACK FRIDAY-ish" scenario where TPTB are reaching for as much financial goodies that they can get their hands on before it all gets reset or goes 'poof'...
- Some want a seat at the next round table
- Some just want to have their own dominions
- Some just want to survive
- & some "see it, as long as the USA is printing money, we'll be somewhat ok"
I'd, really, like to see 'Someone'(anyone) point out the Error(s), if any, to be found above--in cv--'s Posts..
AAIP
@AAIP (9:51)
Me too!... I sincerely mean that... On this broad subject, I want to be WRONG more than anything in the world...
Hope for the best... Plan for the worst...
---
Here's an insight... I'm basically the type of person who believes in PAST LIVES (and such)...
If one believes in 'past lives', it is natural to assume that one believes in 'future lives' (or is my logic skewed on that as well peeps)?...
Anyway... Some people talk about 'karma' (that - if you believe in multiple incarnations, that you are presently living out PAST karma)...
But what about FUTURE karma?
Essentially - I think some of my ideas (which sometimes seem apocalyptic on this blog), are kind of a 'preparation' phase for future karma...
IOW - Humans will eventually use up all the resources on this planet if we continue the pattern (& exponential function trajectory) of out current consumptive behavior...
It is very much like in the movie THE MATRIX (where Mr. Smith describes the human race as being more akin to a "virus", than mammals... We consume our host...
There IS HOPE though... The only way that hope will be realized is if we STOP the trajectory... But I have seen ZERO will to do that...
I'm convinced that it's never going to happen by any political parties, committees, or coalitions... In an economically driven world (where there are 'profits' to be made) it goes against instinct... People may talk about it, but the talk itself is always propaganda & usually put out there by the HAVES to convince the HAVE NOTS to continue laboring for the further enrichment of the HAVES...
Thus, there is only one EXIT... Total collapse... Total Collapse doesn't quite mean 'TOTAL'... Some humans will survive (provided we're not talking about 'ELE's' & instead just talking about the collapse of civilizations as has happened countless times in recorded history & probably many more times in what was probably UNRECORDED history...
If you don't know what I mean there... I'm basically saying that I think it's likely that we've already had JETPACKS (& it's likely you'll find them buried in some ocean somewhere)...
Basically what I'm saying is that I used to be the same kind of person that you pretty much bump into everyday in the line at the local Starbucks...
- overpay for my cup of coffee
- go back to my gated community (in my nice car)
- roll around in my electronic 'bitcoins' (aka 401k)
- watch some tube
- be proud of myself for 'having it made'
- spout some wisdom (aka-bullshit)
- die with the most toys
In the past 4 years, the onion has been peeled & I've looked at things (with my 'skeptic' meter always set to full)... But I admit that pretty much everything that allowed me to feel comfortable about what I'd described above has been stripped away...
Red Pill/Blue Pill
At least, FOR NOW, it seems like one still has a choice on that matter... Who knows how long that window will remain open...
cv--
here: "...In an economically driven world (where there are 'profits' to be made) it goes against instinct..."
is an Error.
the context, that you're describing, is a Financial one, not Economic..
remember, :) , Economics is not Finance, Finance is not Economics, Finance is a Part of Economics..
~~~
though, here: "...People may talk about it, but the talk itself is always propaganda & usually put out there by the HAVES to convince the HAVE NOTS to continue laboring for the further enrichment of the HAVES..."
it's, too, much like that..
one of the 'Big' problems is the fundamental mis-match--between the Nature of our 'Money'--lent into Existence, at Interest, and, thereby, Exponential--in nature..
and, Nature, itself, that, at the EOD, abhors Exponential 'growth'..
AAIP
@AAIP
1. Correct (on the 'finance' description)
2. On one of the 'Big' problems is the fundamental mis-match--between the Nature of our 'Money'--lent into Existence, at Interest, and, thereby, Exponential... BULLSEYE... In my many (previous, now GONE) years, I never really paid attention to what 'MONEY' was... Now that I know what it is... I despise it...
I DON'T despise: work, productivity, things of value (that aren't used to hurt other people, or used to to enslave other people)...
Unfortunately, the way our money is, as you say, 'lent into existence' (out of thin air), at interest... Goes AGAINST the interest of the majority of the population at large...
I won't argue against the idea that in the initial stages of such, there is & has been a lot of sweat & innovation that has helped in forming what appears on the surface to be a 'civilized' society...
But peel back the onion a little and you'll find that your eyes, for convenience sake, were quickly diverted by the 'not so nice' aspects of establinshing the so called POTEMKIN VILLAGE...
Furthermore, the more complicated the civilization becomes, the greater infractions, it seems, need to occur which ever widens the chasm between the HAVES (who essentially do little to nothing), & the, well, SLAVES...
Furthermore II... At a certain critical mass (which we've already passed)... 'Exponential Growth' is the only thing that can stall the Ponzi (which it is), from its inevitable date with collapse...
Any TALK of 'Growth' as a way out, is a lie used by the beneficiaries to keep the slaves in the mud pits...
---
They loosely teach to children that the American Civil War was fought over 'slavery' (which it wasn't, yet slavery was a part of the 'goings on)...
The Civil War was about holding the Union together... The Emancipation Proclamation was just tool used by Lincoln when he deemed it advantageous in a sense that he felt it would weaken the Southern infrastructure and its ability to sustain itself both economically & fight a war at the same time... Lincoln was noted privately as saying he would have been in favor of returning the slaves to Africa... It had little to do with race...
In the long passage of time, 'movements', & 'interested parties' appear to like to latch on to various aspects of history and spin them in a different way for whatever cause or agenda they might consider the flavor of the day...
In any case... The NEXT Civil War, I believe, WILL be fought over slavery (the 99% vs. the 1% kind)...
What's 'odd' to me (when I read these blogs), is that MOST of the 99%-ers haven't actually woken up to the fact that they are 99%-ers...
That's why there's still peace...
The day that the food stamp cards don't work, the 401k's have been emptied out, & the ATM's don't work will be the day they finally realize...
Lots to consider there CV.
I'm currently nursing a world class hangover...so can't really generate a great response at this moment.
But, I will say that I remain generally bullish the human race...
I don't think okstate gets a shot but I sure would like to see them in it....
"
Get ready to wait longer for letters.
The Postal Service on Monday plans to formally propose eliminating "overnight standards" for first-class mail, as it makes sweeping changes in a bid to avoid insolvency.
Sue Brennan, Postal Service spokeswoman, confirmed to Fox News that the service is moving forward with the overnight standard change. If approved, it means first-class mail would generally take more than a day to reach its destination."
Read more: http://www.foxnews.com/politics/2011/12/03/postal-service-looks-to-end-overnight-mail-delivery/?test=latestnews#ixzz1faacNRv9
..Yes, there is a difference in the private sector and the public sector...Hopefully all the "if it fits it ships" ads will quietly die too...
@Andy
The ONLY reason I write long comments is to 'nudge' you into changing the thread via SUNDAY EVENING POST...
And see?
In all my cleverness & foresight... I neglected to consider the 'hangover' aspect...
My bad! :-)
Carry on Traders!
BTW...
Yesterday I happened to be 'just driving by' a field of dairy cows & lo & behold there was a cow, all by herself, away from the herd, giving birth to a calf...
Then I looked over at the rest of the herd and there was the bull [that dude I've seen many times when I passed by before, just standing off doin' nothing], just standing there again...
Guess when I'm not driving by, he's not just standing...
So I guess that makes me BULLISH too...
...and so LASTLY (on the subject of bulls & dairy cows), I leave you with...
"The simplicity of this game amuses me... BRING ME ALL YOUR FINEST MEATS & CHEESES"
cv, I 100% agree with ya, ok?
I'm taking what I can, when I can and while I can before this whole thing blows up. Not sure when that'll be, do you? But if the Ømen is here for another 4 years, that'll give me more time, I'm betting he'll just band-aid this mess and pass it along.
I'm more concerned about why the rush to drill for dirty oil? Is the world running out of oil faster than we think? If the oil countries don't go along with USA plans, then, they get killed and we put someone in there that'll play the game (in US $ of course) Saddam didn't play along so Clinton banned supplies and fresh water to Iraq. He didn't play again then he was off'd. Same for Gaddafi. So let's take Chile, If they want oil, they mine copper to get US $ to buy oil. Where am I going with this? I give it another 5+ years before we see a great commodity bubble. The US won't be ready for it. We're falling far behind in alternate fuel sources. We'll either have to build many nuclear power plants (not possible because it takes a decade to build one) or hurry up and switch to hydrogen fuel cells or something like algae oil?
about the "see it, as long as the USA is printing money, we'll be somewhat ok"
maybe I didn't say it the right way...
"Debt swaps between central banks and bonds
sold between banks and nation treasuries isn’t
money as we know it. When the Fed gives
bankers money nowadays it goes to erase
balance sheet entries. It just clears up accounting debits and credits. It doesn't go into the real economy. Greece and Italy and later France and others will issue bonds to cover their debts.
Germany will buy the bonds and then the Fed
will buy them from the Germans with electronic
digits. The debt just disappears. The stock
market loves this. In reality, there is no crisis that can’t be fixed provided the bankers have enough time to cleanse and re-liquefy the system. A problem only results if too much debt hits the teller windows at the same time. Then it becomes obvious to the public that the debt and money isn't real but only a shell game. That’s the real concern for the central bankers. The average guy isn’t worried about Europe. He looks at all this and wonders why he can’t get some free money too."
@q's
you crack me up...
We'll either have to build many nuclear power plants (not possible because it takes a decade to build one) or hurry up and switch to hydrogen fuel cells or something like algae oil?
Yeah... I'm sure it's like flipping a switch or something, right?...
Literal beacons of the “green” energy movement, giant wind turbines have been one of the renewable energy sources of choice for the US government, which has spent billions of taxpayer dollars subsidizing their construction and use across the country. But high maintenance costs, high rates of failure, and fluctuating weather conditions that affect energy production render wind turbines expensive and inefficient, which is why more than 14000 of them have since been abandoned. Before government subsidies for the giant metals were cut or eliminated in many areas, wind farms were an energy boom business. But in the post-tax subsidy era, the costs of maintaining and operating wind turbines far outweighs the minimal power they generate in many areas, which has left a patchwork of wind turbine graveyards in many of the most popular wind farming areas of the US. “Thousands of abandoned wind turbines littered the landscape of wind energy’s California ‘big three’ locations which include Altamont Pass, Tehachapin and San Gorgonio, considered among the world’s best wind sites,” writes Andrew Walden of the American Thinker. “In the best wind spots on earth, over 14000 turbines were simply abandoned. Spinning, post-industrial junk which generates nothing but bird kills.” Walden speaks, of course, about the birds, bats, and other air creatures that routinely get tangled in and killed by wind turbine propellers. And as far as the “post-industrial junk” language, well, if it …
Relics from the 70's... You know... That era where Carter established the $30 billion a year DOE as a cabinet position, to, YOU KNOW, 'reduce out dependency on foreign oil...
What was that? 35 years ago?
I'm guessing the $$ must have been siphoned off to go towards the JETPACKS...
Which is... OF COURSE... Why I'm 'bullish' on the human race & am DEFINITELY sure that IF WE PRINT MORE MONEY WE'LL BE OK...
(or at least until your 401k can be converted into something physical of value)...
In reality, there is no crisis that can’t be fixed provided the bankers have enough time to cleanse and re-liquefy the system
---
Yeah... Oh sorry... I get it now... My mistake... How could I have beem so STUPID to not understand how IT ALL works and of course how it is SOLVED on a day to day basis (& how it WILL BE forevermore)...
My bad...
"...How could I have beem so STUPID to not..."
cv--,
there's another (spelling) Error!~
that's Two.
your S*** Must Be WHACK!
AAIP
seriously, kidding..
~~
though, some things should be re-Read..
"Literal beacons of the “green” energy movement, giant wind turbines have been one of the renewable energy sources of choice for the US government, which has spent billions of taxpayer dollars subsidizing their construction and use across the country. But high maintenance costs, high rates of failure, and fluctuating weather conditions that affect energy production render wind turbines expensive and inefficient, which is why more than 14000 of them have since been abandoned. Before government subsidies for the giant metals were cut or eliminated in many areas, wind farms were an energy boom business. But in the post-tax subsidy era, the costs of maintaining and operating wind turbines far outweighs the minimal power they generate in many areas, which has left a patchwork of wind turbine graveyards in many of the most popular wind farming areas of the US. “Thousands of abandoned wind turbines littered the landscape of wind energy’s California ‘big three’ locations which include Altamont Pass, Tehachapin and San Gorgonio, considered among the world’s best wind sites,” writes Andrew Walden of the American Thinker. “In the best wind spots on earth, over 14000 turbines were simply abandoned. Spinning, post-industrial junk which generates nothing but bird kills.” Walden speaks, of course, about the birds, bats, and other air creatures that routinely get tangled in and killed by wind turbine propellers. And as far as the “post-industrial junk” language, well, if it …"
I can't, even, recount how many convos, with "Green"-ioids, I've had--trying to tell them 'about the Flock-Choppers'--not Economic/are 'Tax-Farms'/Mechanical reliability Issues/(Sight/Site) Pollution/Intermittant Production/Dtorage problems..et al.,etc...
btw, you have Link for that Piece?
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