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Donxy sold last wk..great escape
Good evening Robins just upset as he can't get the bond girls has to make do with money penny ;-) Hope nobody lost in bor today...
Evening..my charts say 10,000 resistance on CAM !!!
Hey you..I know you're reading this..probably forgotton your password..007james I think you once whispered?
No hiding place from me, forget BOR for a few weeks , more downside to come and if 15 goes there is no real support below, 13 possibly 12. To risky a trade for now. chavin on.
You tell him gorgeous ;-) Yeah get lost 292 ............................
Maybe I wanted to talk to sector...... You ain't pulled anybody haha
Yeah i heard you were MR 120 seconds lol.................... Oh is that what it meant ;-)
Notice I never lose it..pull the ladies in 120 seconds.. Send me £20 you..I'll get u a chat..
and I pull a lady !! Not bad..
Hope so matey ,cannot be much downside left .
Yes but I'm watching corrie....
NUMTY ALERT!! S292..u ok? Sb: I'm thinkn bor mid 20's 7 days
Oi robin are you trying to frighten off the totty?
I keep on waking up at 5.30am..get work done by 10am and fall asleep. It's brilliant. I'm free too but running out of cigarettes..return northern pigeon in 15 if free..
Bob diamond says its a dead cert lololol . Lie-bor ,oh they were all involved werent they ?? What you up to ?? Can send me carrier pigeon if you want .
You ok? Didn't have energy to reply. Nothing changes on AIM. Always 2000 carrots x 500 potatoes = SweetFa. Was looking at Aviva..u sure 8/10% divi? Who told u that..James Cable?
participate in the ruse just to keep the value of their sovereign reserves buoyant. – Bloomberg Businessweek, June 24, 2012. With the United States approaching another debt ceiling in the last quarter of this year, and with Spain and Italy pointing the way firmly to France, Germany, the U.K and the United States, its time to stop pussyfooting around and make a big statement. The only options at this point are either 1) A massive global stimulus package and bailout fund that will unequivocally mitigate any sovereign debt crisis (even the U.S.), or 2) An orderly “restructuring” of the entire global financial system. Since the immediate past demonstrates a predilection towards the easiest path regardless of long term negatives, mightn’t one of these summits conclude with a $10 trillion IMF-BIS administered Global Credit Facility that will put the markets back into the gleeful end of their natural bi-polarism? That way, we meaningfully defer the burden of repayment until a distant future date, instead the perpetual near-term date. Then at least, all that fresh capital can stimulate a market rally that will broadcast the perception that everything is okay again…for a while.
As our markets slowly melt down again, and we head back towards the 2008 lows in market values, there is no consolation in being correct. Portfolio values continue to degrade, and disinvestment en masse is incrementally moving the world economy back into the state paralysis it entered in September 2008. The TSX Venture market – in my opinion, the purest indication of risk sentiment there is on the planet – is now within 500 points of its 2008 record collapse, and the only question is: “How fast will we blow through that record?” The fuse that will ignite the hyperinflation of G20 currencies is smouldering, still damped by the suffocating effect of mass disinformation replicated and broadcast from the centrally owned mainstream financial media. But ignition is approaching, and that is the event that will catalyze the coordinated collapse of all currencies currently labouring under the duress of excess. Some people think that the idea of the mainstream financial media being a mouthpiece for illegal activities by government and banking is ridiculous. Harry Markopolous, the gentleman who tirelessly pursued the truth behind Bernard Madoff, knows very well how willfully ignorant we can choose to remain in the face of overwhelming evidence. I’m not going to try to change any minds in that regard here. The thing about willful ignorance is its resolve hardens in direct proportion to the evidence with which it is confronted. As predicted, Greece has led to Spain just as certainly as Spain will lead to Italy, and the half-baked bailouts that are insufficient because the sums they seek to alleviate are themselves wishful thinking on the parts of government. George Soros on June 24 called for the creation of a European-backed bond fund that would stand as lender of last resort against any and all union debt crises. He suggested that the yield would be 1% percent because the entire region stood behind them. Billionaire investor George Soros called on Europe to start a fund to buy Italian and Spanish bonds, warning that a failure by leaders meeting this week to produce drastic measures could spell the demise of the currency. Policy makers should create a European Fiscal Authority to purchase sovereign debt in return for Italy and Spain implementing achievable budget cuts, Soros said in an interview in London yesterday. Funding for the purchases would come from the sale of European Treasuries, which would have low yields because they would be backed by each euro member, he said. This would essentially be the equivalent of the Fed buying its own Treasuries, which it does as a self-awarded license to print money ad infinitum. That’s why the U.S., despite its unsustainable debt and anemic economy, can still hold yields well below 2%. All the banks they bailed out are obliged to hold treasuries as Tier 1 capital to some degree, while the sovereign buyers are forced to participate in the ruse just to keep the v
“Politicians are put there to give you that idea that you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land, they own and control the corporations, and they’ve long since bought and paid for the Senate, the Congress, the State Houses, and the City Halls. They’ve got the judges in their back pockets. And they own all the big media companies so they control just about all the news and information you get to hear. They’ve got you by the balls. They spend billions of dollars every year lobbying to get what they want. Well, we know what they want; they want more for themselves and less for everybody else. But I’ll tell you what they don’t want—they don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That’s against their interest. You know something, they don’t want people that are smart enough to sit around their kitchen table and figure out how badly they’re getting ****ed by a system that threw them overboard 30 ***** years ago. They don’t want that, you know what they want? They want obedient workers, obedient workers. People who are just smart enough to run the machines and do the paperwork and just dumb enough to passively accept all these increasingly ****tier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and the vanishing pension that disappears the minute you go to collect it. The table is tilted folks, the game is rigged. Nobody seems to notice, nobody seems to care. Good honest hard working people, white collar, blue collar, it doesn’t matter what color shirt you have on. Because the owners of this country know the truth, it’s called the American Dream, because you have to be asleep to believe it. Wait till August to buy back in the markets IMO ,love sector ;-)
That support must convince all in the monetary world that it will give enough inherent strength to shore up the weaknesses of both. But at the same time this support must be a common denominator throughout the financial world. If the transition of power and through changes is smooth, then a new shape to the world's money will be easily accepted. But in all of man's history, such transitions have been far from smooth or peaceful; they've been marred by confrontation and breakdown and usually both. We see this future for the monetary world in the face of these developments. With the debt debacles on both sides of the Atlantic, the developed world's monetary system is vulnerable to such pressures as never before. The monetary system now faces structural pressures that are bound to lead to turmoil and deeper crises, not simply inside nations, but ones that will shake up global foreign exchanges and breed more and more uncertainty. The last few years of financial crises in the developed world will seem tame by comparison. The separate interests of the developed world and the emerging world will emphasize the uncertainty and lack of confidence that will hang like a cloud over the world's changing money systems.
In the next month China and Japan (China's main trading partner) will no longer use the U.S. dollar as the only currency in trade with each other. They will use the Yuan and the Yen directly with each other. This will see the dollar removed from a large chunk of the world's trade -in itself, not a very large percentage, but a significant one. It's the start of a trend that is set to grow. We've no doubt that China is tailoring its trade with all its trading partners to use the dollar only so far as it is required to deal with the U.S. and other dollar-dependent nations. Oil from Russia utilizes the Yuan and Rouble, and Australia has arranged a similar deal. The purpose of foreign exchange and gold reserves is to provide 'global money' (which includes gold) for potential rainy days. China will therefore build up reserves in all the currencies that it will trade in. All this will take place at the expense of the dollar. Currently the U.S. dollar is used in around 76% of the world's trade. More importantly for the dollar, its use as a reserve currency (it currently comprises 63% of global reserves) will diminish in line with the growth of Yuan/ other currencies. China's viewpoint is not to challenge or attack the U.S. but to develop systems that will be in its own interests and independent of outside political or financial influences. Unhappily for the U.S. this is leading to the decline in U.S. power, both politically and financially. With China and the emerging world accounting for over half of the world's population, the potential growth here will mean an eventual huge curtailment in U.S. power and influence. The agreement with Japan marks a major step forward in this process. Since the Second World War and through the Bretton Woods system to today's monetary system, the dollar and the U.S., with its power and wealth, has ensured its continued success, sometimes against basic fundamental reasoning -such as the ability of the U.S. to just print dollar to cover its Trade Deficits on an ongoing basis, a sort of Tax on the rest of the world. Indeed, the dollar, with its link to oil, is the tree-trunk of world money with all other currencies acting almost as branches growing out of that tree. The steps being taken by China now is another tree (currently a sapling) growing alongside it and eventually no longer dependent on it. The worry is that this new tree is sapping the old tree of its strength. We are certain that China will do all in its power to ensure it minimizes the influence the U.S. has over its financial system. The dangerous period for the two trees is when the new sapling is not strong enough to stand alone and the old tree is ailing. This is the time when support is needed for both. That support has to be independent of both for it to give effective support. That support must convince all in the monetary world that it will give enough inherent strength to shore up the weaknesses of both. But at the same time this support mu
The market here is showing amazing resiliency compared to that of Europe. You have to wonder just how long that can continue. You'd think there's a straw out there that will break the markets back. It exists, but what that is, is clearly unknown at this time as the market hangs tough into the teeth of some very nasty situations globally. When today was all said and done, the damage could have been much worse. The bulls are trying desperately to defend S&P 500 1325 down to 1314, the same as the bears defended that lost critical exponential moving averages on the rally back off the most recent lows. For now, it's still a stalemate, but the bears are slightly in charge, as they look to grab hold of this market. So far, they have not gotten the job done, but the story is far from over.
Lest we forget http://www.youtube.com/watch?v=WY-jjLqJKqo
time :o)