Brisbane Bear Posted September 29, 2008 Report Share Posted September 29, 2008 Just to be clear. My view is that the US has become the worlds 'punching bag' over the past few years. Whether the US is losing its dominance or not,history will be the judge. My view is that to underestimate the power of the US is very misplaced thinking. When push comes to shove,I will have my money on the US ahead of any other country. China may well surpass the US in 20 to 30 years,but no-one else will even come close imho. Everything that is happening in the US at the moment will happen to everyone else and with our 'cradle to grave' welfare systems,massive debts we are really going to struggle to cope. What is happening now is a real game changer. Link to comment Share on other sites More sharing options...
DrStool Posted September 29, 2008 Author Report Share Posted September 29, 2008 Bris- You are living in a dream world if you think "doing something" means anything. What you have here is a gang of thieves attempting to keep their little plunder going. You are just dead wrong about this, and you keep making the same point over and over. Doesn't change anything. Let it go. Link to comment Share on other sites More sharing options...
nymphcaster Posted September 29, 2008 Report Share Posted September 29, 2008 jickiss is back!jickiss is back! and, of course we are to thimk Weekly, but in the Face of a Trillion Doolar Manip, the daily chart in DGP is shown next. for sure, since you jickiss brought this Double Gold is Perfect to the attention of the readers, it has basically done a bit better than any of the key miners... this is meaningless in the Big Picture, but your jickiss is really losing patience with the Gold Manip. it is getting old, as they say. losing money will also make us feel old, therefore, your jickiss has decided to buy DGP right at the final bottom for Gold which is very very very very very close. here is the daily Double Gold is Perfect. Remember, no risk of Management, (except the risk of the Management that has established the sponsorship of the item, which is hard to measure, sure, they have big leverage, but would their CB let them go under???????) no exposure to greatly higher Earl Prices if and when the ME descends into real serious gun play, and with the manips in the pits and with the utter and abject failure of the Managements of the Key Gold Miners to deliver super sized positive Earning Surprises EVER, since the gold bull maket began, well, DGP merits a very close look, versus da Miners and, your jickiss advises, giant ownership on your sheets. your jickiss now burns with desire to buy it at the final bottom. Hold Fast! acres of diamonds ahead! Thimk! jickiss!!!!!!! 693183[/snapback] I'm guessing that the 2x anything derivatives market (with unknown counterparties of unknown credit quality) goes down the tubes in the next two years (in this country) if not outright outlawed over some weekend meeting, especially for IRA/401K money. I think the casino here is being compressed for the future, and shortly by various regulatory actions. This just my humble option. I have no doubt that other countries will permit such gambling, where like most funds no money is actually put into the bet in the event the counterparty fails. I think we are going back to the 60's in terms of trading style without penalties. I also expect some country (but not the USA to become the gambling area.) Anything is possible of course. But, right now, its back to basics. I also imagine that fees for trading will be increased eventually (for example imposing an insurance fee), although I haven't read the immediate document at all. But I expect there will be an "insurance type" charge for every transaction eventually. Anyway, that's my guess. If you hold an asset that makes or does something meaningful and has access to cash, you can stay the course. If you are betting on your counterparty who makes and does nothing, then you better have a counterparty who can pay because you are part of the phatom economy. That was the message I got from Sen. Pelosi by reading between the lines and making the rest up as a prediction on the future. The age of having a bunch of people who make or do nothing (except develop toxic derivatives or re-package it) is over. I still remember reading the line: "if you can fog a mirror, you can get (credit/loan)." The word is: know your counterparty. (And how to deleverage on a timely basis.) Link to comment Share on other sites More sharing options...
Brisbane Bear Posted September 29, 2008 Report Share Posted September 29, 2008 here is a little joke. Two guys walking through the jungle. Suddenly a lion appears out of the bushes. One guy quickly opens his back pack and takes out his running shoes. The other guy says that you can't out run a lion. He replies I know,but I can out run you. Link to comment Share on other sites More sharing options...
4shzl Posted September 29, 2008 Report Share Posted September 29, 2008 The US is a long way into this mess and are at least trying to do something about it. What the political leadership is trying to do in the U.S. is suspend the discipline that free markets impose on individuals and corporations and surreptitiously transition to a statist system favoring established wealth and power. After a prolonged period of political instability which will truly put the fear of God into those who have put their faith in this country and its currency as a safe haven, we are likely to painfully evolve into the kind of social democracy that you see in Europe and Japan, with extensive health and economic safety nets and many fewer opportunities for entrepreneurs. All good things come to an end, and the craven response of our politicians to their paymasters on Fraud Street and K Street probably marks the end of the golden age of American enterprise. So it goes. Link to comment Share on other sites More sharing options...
alceringa Posted September 29, 2008 Report Share Posted September 29, 2008 From the recent communications that I have had with my siblings and friends in the USA, I have never seen my fellow Americans so depressed and angry about the state of our nation. They are truly disgusted with this current crop of Republicrats.This crop of gangsters, thieves and liars are succeeding in doing something that neither Hitler nor Bin Laden could ever do, which is to break America's faith in the future. Even at the top of the Nixon mess, Americans didn't lose faith in themselves and their system of government. Now, it seems to me that they are. It's really, really sad to watch. Link to comment Share on other sites More sharing options...
lineup32 Posted September 29, 2008 Report Share Posted September 29, 2008 When rates rise Nasquick stocks will get killed. "They" wont hide in Nerdsack for long. Look when Nutsack aprreciated the most: In the 90s, during in era where there was loose credit. Tech is capital intensive and needs loose credit, the loose the better for Tech. Now credit gets tight, becasue of that Noseduck will get killed. 693446[/snapback] Link to comment Share on other sites More sharing options...
Brisbane Bear Posted September 29, 2008 Report Share Posted September 29, 2008 My point all along was/is that no matter how bad things are in the US,they will be just as bad if not worse everywhere else. Maybe doing 'nothing' will work. We will find out soon enough,because most countries around the world are great at doing 'nothing'. The fact that Wall St is run by crooks shouldn't surprise anyone here. Anyway I will let it go. One thing that is interesting and often overlooked is what you said earlier. The money you made from your house sale. You actually got the money out. The new owner of your house has lost that money. Was the money real? Yes and No. How many people have had pay raises based on higher house prices? How many people have increased their charges based on higher house prices? How many govt charges have risen based on higher house prices? Now that the increase in house prices have evaporated,what happens to all those artificial increases in wages etc that were based on 'pretend' values. When it all starts to unravel,it unravels on many levels. Link to comment Share on other sites More sharing options...
Brisbane Bear Posted September 29, 2008 Report Share Posted September 29, 2008 Al, I don't know how long you have lived in OZ, but if want to see incompetence on a grand scale,just keep an eye on Canberra. What you see in NSW will be visited upon all of OZ when the shit hits the fan. I lived in Victoria during the bust in the 80s. They were very,very tough times. It will be much worse this time round. 1982 was the beginning of a 25 year bull market . 2008 is the beginning of a 15 year bear market?? Link to comment Share on other sites More sharing options...
roxy Posted September 29, 2008 Report Share Posted September 29, 2008 Nice work with the bail-out! Link to comment Share on other sites More sharing options...
roxy Posted September 29, 2008 Report Share Posted September 29, 2008 Maybe he had to ask for more? What is $700 b between friends? Link to comment Share on other sites More sharing options...
snorkels4 Posted September 29, 2008 Report Share Posted September 29, 2008 "hypertiger" new drivel: My Webpage Link to comment Share on other sites More sharing options...
roxy Posted September 29, 2008 Report Share Posted September 29, 2008 nice chart....which shows that money supply is growing y/y at double digit % the rate of growth has moderated a little. however, money supply is not in decline. 693415[/snapback] Decline month/month Link to comment Share on other sites More sharing options...
snorkels4 Posted September 29, 2008 Report Share Posted September 29, 2008 "six inches is, how long?" Link to comment Share on other sites More sharing options...
roxy Posted September 29, 2008 Report Share Posted September 29, 2008 doc, roxy stated that M3 was in decline without posting any evidence. i stated that the FED abolished reporting M3 in 2006 (maybe for the reasons you have given?). someone else posted a chart showing rate of growth of an estimate of M3 in decline (which is not the same thing). i was simply highlighting that. i don't what to get into a silly subjective discussion of what money is or is not, or if its real or not. however, price inflation & the credit crunch was a consequence of "easy money". today's global economy and the charts you look at each day is not driven by how much hard cash people have in their wallet is it? 693443[/snapback] The US money supply has experienced the sharpest contraction in modern history, heightening the risk of a Wall Street crunch and a severe economic slowdown in coming months. Data compiled by Lombard Street Research shows that the M3 ''broad money" aggregates fell by almost $50bn (?26.8bn) in July, the biggest one-month fall since modern records began in 1959. http://www.telegraph.co.uk/finance/economi...unch-ahead.html (Even though as Doc stated and I agree M3 is bogus). Link to comment Share on other sites More sharing options...
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