The DOW and NASDAQ were clobbered again today in higher volume and the markets look to be entering a downtrend at a minimum. What was the catalyst for such a move? Take your pick among many market driven and geopolitical events.
Among the market analysts whose opinions I take under advisement is Karl Denninger over at The Market Ticker. While investors have been fixated on the collapse of gold and silver, this morning, Denniger astutely pointed out a complete break of support by copper.
WAKE UP!
In my capacity as a collateral risk real estate appraisal analyst, I vividly recall most of the vacant homes I appraised were minus the outside A/C unit, as thieves found the copper within most valuable. In fact, in some cases, all the copper in the improvements was ripped out and stolen.
But the price of copper has collapsed, signaling, as Denninger points out, "because it's a measure of industrial demand -- that is, industrial production on a global basis."
Denninger is correct to point out that Europe, more specifically the EU, is living on borrowed time. First, Greece came to light as essentially bankrupt, and the bailouts began in earnest. They would only provide a temporary respite, with the wheels of collapse spinning a wider web as the days go by.
Additional bailouts have taken place in effort to prevent total insolvency, but they won't work.
Recently in Cyprus, the situation was so bleak that the government resorted to the unthinkable; theft of portions of the monetary holdings of its citizens. Although a stunning development, the sad truth is that the action will not fix the issue.
What will be the next move of the elitist technocrats, or criminals; and is anybody awake to call the thieves out?
Nigel Farage is, and delivered yet another verbal tongue lashing today at a European Parliament meeting, well worth a listen:
Farage, and Denninger for that matter, has been on this issue for several years, but sadly, few are listening. Although the bailouts will continue without long term success, eventually, the bubble will burst and the EU will blow up.
Alarmingly, America will not be immune from the destruction, for much of the same market distortion, bailouts, data propaganda, crony capitalism, fraud and deceit we have seen overseas is taking place here.
Don't think these things can't happen here in America? A Cyprus style theft of deposits has already taken place here in the United States, an action which has completely unpunished, with the malfeasance over at MF Global. Under CEO Jon Corzine, the former New Jersey Democrat governor and an individual Obama and Biden seek out for financial advice, the company went bankrupt evaporating all the firms cattle rancher deposits along the way.
At a minimum, it should be noted the US economy is in very poor shape, the EU is insolvent and destined for failure, China is an untrustworthy economic enigma and your government is masking the truth in astonishing levels of propaganda, most notably associated with unemployment.
These are not the ingredients of healthy market, and not conditions worthy of your investment, unless you are a very serious professional with rocks in your stomach. For me, I'll be golfing when the collapse happens unable to get out, a chance I am not prepared to take given all the uncertainty.
Everyone is essentially insolvent and simply playing a shell game. Bernanke has our printing presses in high speed pursuit in effort to stay ahead of the oncoming bubble burst, creating an a series of positions most difficult to painlessly unwind.
I am not sure where to hide, as a government starving for solvency will leave no stone unturned in their quest to acquire cash. As we have sadly witnessed, theft is now an option.
Showing posts with label Greece. Show all posts
Showing posts with label Greece. Show all posts
Wednesday, April 17, 2013
Tuesday, June 19, 2012
Euro Bailouts Not Working
Just last week, Spain was granted a $125 billion loan designed to shore up bank imbalances. After numerous bailouts in effort to save the European Union, surely this latest loan will solve the problem.
Memo to all the politicians and technocrats across the globe; the problem is far from being solved. In fact, most if not all of these measures are simply a variation of kicking the can down the road. With overwhelming debt, the EU members become slaves to those who "lend" them the capital or forgive loan components.
As bad as this is under governmental officials that can be voted out, (November cannot come quick enough here in the States), imagine the position of those being held accountable by technocrats who are not accountable to those they are governing over. Simply put; smothering.
While the fallout from this unfortunate circumstance mostly viewed from a financial perspective, the costs are far greater. The loss of jobs skills, of those who can find employment, the hopelessness of the encumbrances of escalating success and the breaking of the entrepreneurial spirit and robbing people of their identity are social costs that burden families and communities.
Historically, tyranny has come from out of control governments, who under the premise of helping those who are in need steal freedom from the citizenry right under the nose of the governed. While everyone watched European member countries embrace socialism and spend beyond their means for decades, we have recently been warned, most notably by Nigel Farage, how further bailouts would cause further erosion of member nations sovereignty, elevating hopelessness and despair for the governed.
Like a boulder rolling down a hill, the suffering continues. Countless bailouts have accomplished nothing, with billions having been wasted. Ireland and Portugal are shake, Greece is in crisis and Spain just got saved. Italy is real trouble also. Nigel Farage further explains.
While the bailouts have calmed waters temporarily, they have not solved the problem. In fact, these decisions will create deeper pain in the future as the bailouts become more expensive until they cannot be paid and the economies crash. What government entity led by whom will rush in to take over? A scenario similar to this did not go well in the 1930's.
Each of these countries need to break away from their slave masters and regain their sovereignty. At such time, although it will no doubt be painful, a firm foundation built upon freedom and capitalism can emerge with hope for the future for all of the citizenry.
It is just that simple.
Memo to all the politicians and technocrats across the globe; the problem is far from being solved. In fact, most if not all of these measures are simply a variation of kicking the can down the road. With overwhelming debt, the EU members become slaves to those who "lend" them the capital or forgive loan components.
As bad as this is under governmental officials that can be voted out, (November cannot come quick enough here in the States), imagine the position of those being held accountable by technocrats who are not accountable to those they are governing over. Simply put; smothering.
While the fallout from this unfortunate circumstance mostly viewed from a financial perspective, the costs are far greater. The loss of jobs skills, of those who can find employment, the hopelessness of the encumbrances of escalating success and the breaking of the entrepreneurial spirit and robbing people of their identity are social costs that burden families and communities.
Historically, tyranny has come from out of control governments, who under the premise of helping those who are in need steal freedom from the citizenry right under the nose of the governed. While everyone watched European member countries embrace socialism and spend beyond their means for decades, we have recently been warned, most notably by Nigel Farage, how further bailouts would cause further erosion of member nations sovereignty, elevating hopelessness and despair for the governed.
Like a boulder rolling down a hill, the suffering continues. Countless bailouts have accomplished nothing, with billions having been wasted. Ireland and Portugal are shake, Greece is in crisis and Spain just got saved. Italy is real trouble also. Nigel Farage further explains.
While the bailouts have calmed waters temporarily, they have not solved the problem. In fact, these decisions will create deeper pain in the future as the bailouts become more expensive until they cannot be paid and the economies crash. What government entity led by whom will rush in to take over? A scenario similar to this did not go well in the 1930's.
Each of these countries need to break away from their slave masters and regain their sovereignty. At such time, although it will no doubt be painful, a firm foundation built upon freedom and capitalism can emerge with hope for the future for all of the citizenry.
It is just that simple.
Thursday, May 10, 2012
Extreme Conditions
The Eurozone experiment, based upon fellowship and trade, has resulted in the loss of sovereignty and freedom for each of the members, and it must be broken apart.
Not withstanding the economic doldrums brought about by socialism, participatory countries have lost the opportunity for economic adjustments because they are no longer in control of their budgets due to being under the thumb of the EU, who extended bailouts. Since the EU is run by technocrats, who are unelected managers of the economic freedom of the participants, countries feel restricted and desperate while being governed by outside interests.
Nigel Farage, who has been a vocal opponent of the EU, notes the negative byproduct of the collapsing countries and what happens to the citizens when hope is lost, including civil unrest,which we have already seen as austerity measures have been implemented. Nigel goes on another epic rant:
Recent elections in Greece had the Greek citizens looking for answers from any and every various group who claimed to have answers to their economic conditions and fears. One such group that made sizable parliamentary gains in the elections was The National Party of Socialists, otherwise known as the Nazi party. Yes, that Nazi party.
Embolden by their gains, the Nazi party promptly issued a number of chilling threats, elevating fears of a return to much darker times. The familiar road being traveled in Europe is very dangerous, as Glenn Beck reported on The Blaze and in the following report on GBTV. Take a listen:
While perhaps well intended, the EU is destined to fail. The EU has not the funding to backstop the PIIGS, and with Greece imploding, the dominoes are lining up for the EU failure. EU countries seek a return to Democracy, and as Farage has said in the past, hopefully the markets take out the Euro, as it looks like it might.
The demise must happen quickly, because the extremes on the right and left are rising in similar fashion to how they did in the 1930's. Markets often take on a persona, and in this case I hope the market takes out the EU before one of these extreme groups gains too much power.
While many seem to have forgotten, it would be wise to remember the last time an extreme party rose to power out of similar economic and social conditions.
Not withstanding the economic doldrums brought about by socialism, participatory countries have lost the opportunity for economic adjustments because they are no longer in control of their budgets due to being under the thumb of the EU, who extended bailouts. Since the EU is run by technocrats, who are unelected managers of the economic freedom of the participants, countries feel restricted and desperate while being governed by outside interests.
Nigel Farage, who has been a vocal opponent of the EU, notes the negative byproduct of the collapsing countries and what happens to the citizens when hope is lost, including civil unrest,which we have already seen as austerity measures have been implemented. Nigel goes on another epic rant:
Recent elections in Greece had the Greek citizens looking for answers from any and every various group who claimed to have answers to their economic conditions and fears. One such group that made sizable parliamentary gains in the elections was The National Party of Socialists, otherwise known as the Nazi party. Yes, that Nazi party.
Embolden by their gains, the Nazi party promptly issued a number of chilling threats, elevating fears of a return to much darker times. The familiar road being traveled in Europe is very dangerous, as Glenn Beck reported on The Blaze and in the following report on GBTV. Take a listen:
While perhaps well intended, the EU is destined to fail. The EU has not the funding to backstop the PIIGS, and with Greece imploding, the dominoes are lining up for the EU failure. EU countries seek a return to Democracy, and as Farage has said in the past, hopefully the markets take out the Euro, as it looks like it might.
The demise must happen quickly, because the extremes on the right and left are rising in similar fashion to how they did in the 1930's. Markets often take on a persona, and in this case I hope the market takes out the EU before one of these extreme groups gains too much power.
While many seem to have forgotten, it would be wise to remember the last time an extreme party rose to power out of similar economic and social conditions.
Thursday, March 29, 2012
Greased in Greece
Massive government entitlements have placed the nation of Greece in a very precarious position. Options for a country this far in the weeds are few, and there is no chance to avoid the comeuppance, as painful austerity measures are necessary to save the country from total collapse, and the citizens don't quite like it.
Nigel Farage was in Greece last week and offered a thorough examination of the status of the Greek economy. It would serve you well to listen to Farage, because if Uncle Sam does not change course immediately, our economic, and social, forecasts could be quite similar. Take a listen:
Greece joined the European Union, as Farage said, in the spirit of trade, friendship and cooperation, but the fine print, as you may suspect, puts the future and sovereignty of Greece, in desperate need of capital, in serious jeopardy.
In order to preserve the EU, a bailout has been extended to Greece, but at a horrendous cost. EU technocrats will determine what Greece spends, and the rules of the game for the Greek economy. With that is lost the entrepreneurial spirit, the opportunity to take on risk and the potential gains in prosperity for the citizenry.
The entitlements are overwhelming the system, and austerity measures implemented against those receiving the benefits have resulted in civil unrest. With growth opportunities smothered and a dependency on the state indoctrinated, the identity of the citizens is stolen and their spirit is broken. All in the name of wealth transformation.
Whether it be under the premise of increasing trade or the curing of non existent global warming, the objective behind the curtain is the transformation of wealth and central planning by technocrats.
In fact, did you hear Vice President Biden call for a global minimum tax yesterday?
Just who will implement and enforce that tax? Who will the revenues benefit? As money is fungible, certainly the revenues will be diverted to other well intentioned (?) projects. Just who in the hell do these people think they are, as Farage said in one of his many tirades.
These people are intellectual faculty lounge elites who seek to hold power over the decisions that are able to be made by the citizens through central planning mechanisms. At the end of the day this is the transformation of wealth, limiting the power of those who have it, to the government to allocate to those they think warrant it. A society where techocrats pick winners and losers rather than free markets dictating successes and failures.
This would be where your freedom, as an individual and as contributing member of society, is greatly diminished. For a picture of what that looks like, complete with civil unrest, see Greece.
Nigel Farage was in Greece last week and offered a thorough examination of the status of the Greek economy. It would serve you well to listen to Farage, because if Uncle Sam does not change course immediately, our economic, and social, forecasts could be quite similar. Take a listen:
Greece joined the European Union, as Farage said, in the spirit of trade, friendship and cooperation, but the fine print, as you may suspect, puts the future and sovereignty of Greece, in desperate need of capital, in serious jeopardy.
In order to preserve the EU, a bailout has been extended to Greece, but at a horrendous cost. EU technocrats will determine what Greece spends, and the rules of the game for the Greek economy. With that is lost the entrepreneurial spirit, the opportunity to take on risk and the potential gains in prosperity for the citizenry.
The entitlements are overwhelming the system, and austerity measures implemented against those receiving the benefits have resulted in civil unrest. With growth opportunities smothered and a dependency on the state indoctrinated, the identity of the citizens is stolen and their spirit is broken. All in the name of wealth transformation.
Whether it be under the premise of increasing trade or the curing of non existent global warming, the objective behind the curtain is the transformation of wealth and central planning by technocrats.
In fact, did you hear Vice President Biden call for a global minimum tax yesterday?
Just who will implement and enforce that tax? Who will the revenues benefit? As money is fungible, certainly the revenues will be diverted to other well intentioned (?) projects. Just who in the hell do these people think they are, as Farage said in one of his many tirades.
These people are intellectual faculty lounge elites who seek to hold power over the decisions that are able to be made by the citizens through central planning mechanisms. At the end of the day this is the transformation of wealth, limiting the power of those who have it, to the government to allocate to those they think warrant it. A society where techocrats pick winners and losers rather than free markets dictating successes and failures.
This would be where your freedom, as an individual and as contributing member of society, is greatly diminished. For a picture of what that looks like, complete with civil unrest, see Greece.
Wednesday, June 29, 2011
Idiots At Large
Most folks derive their principle beliefs from their faith, families, educational background and life experiences. Therefore, considering most folks live in the real world, I have often wondered where all the Progressive Democrats, Liberals and Socialists obtain the core of their beliefs. Where?
HT/The NEW ZEAL
It is time these "free thinkers" get learned. Those who have jumped on the bandwagon thinking America is oppressive and are champions of class warfare should take the words of Margaret Thatcher to heart, that socialism is great until you run out of other peoples money.
Uncle Sam is out of money. Unless we gather a sensible government who embraces the free market principles that usher in prosperity soon, civil unrest like you are witnessing in Greece is coming our way. It may be anyhow.
Idiots are at large. Buckle up America.
HT/The NEW ZEAL
It is time these "free thinkers" get learned. Those who have jumped on the bandwagon thinking America is oppressive and are champions of class warfare should take the words of Margaret Thatcher to heart, that socialism is great until you run out of other peoples money.
Uncle Sam is out of money. Unless we gather a sensible government who embraces the free market principles that usher in prosperity soon, civil unrest like you are witnessing in Greece is coming our way. It may be anyhow.
Idiots are at large. Buckle up America.
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