[frookenhauer]

I'm loving the fact that Ive got a rock hard investment plan for my peeps and everyone wants a slice of the action. Woohoo. I love Credit Suisse. I will now go to my bedroom and make passionate love to a effigy of the credit suisse logo.

[Obdigore]

Quick, Nico!

How is North Korea declaring war on South Korea going to affect the global market?

I bet your answer is:

Badly

[Link saying the world is going to explode].

[Nicodimas]

Actually one of the best ways for the market to make a recovery is one giant war to occur. The bad part of this is then you have a giant war and people wouldn't really worry about the market too much.

Seriously though...He is just looking for his handout. If does attack another lets just hope we turn that place into a glass parking lot (with China's approval of course).

I myself have been enjoying my csiq<bought at 3.03> gains. Just trying to figure out how bad the next year will be getting and when the next new low occurs. I figure GM goes BR and I really don't think that will go all that well so we will see in three months or so?


Explore the 30 year rate today..Brutal-->
http://market-ticker...loads/rates.png

This post has been edited by Nicodimas: 28 May 2009 - 12:59 AM

[Shinrei]

Here.... HERE!!!

THIS IS WHAT PEOPLE NEED TO KNOW ABOUT GOVERNMENT SPENDING:

http://money.cnn.com/2009/06/05/retirement...sion=2009060914

[Nicodimas]

The recession is about to ramp up, but I am glad we didn't try to hang onto GM until the Alt-A fiasco happens in the next year. The QE experiement was failure 1 trillion spent for three months of low rates. It was supposed to last a year! I love them backtracking as mortgage interest rates rise. They are now saying 5.65% will work fine, when they were saying they should be in the low fours for a recovery to occur. I wonder what they will say when it's up to seven percent.

As people walk away from the dollar:
http://www.bloomberg.com/apps/news?pid=206...id=ahoIPyEdpHUI

Remember to sell high and buy low and watch the market accordingly.

There is some good news though..check it out. Watch what happens when you ignore a senator.
http://www.bloomberg.com/apps/news?pid=206...id=aRWcn.Fvrzys

[Nicodimas]

I think normal Joe is starting realize what just the default of the dollar will mean with collapse of the states.

Please accept my IOU. My favorite thing today is the goverment Decreed that banks have to take there IOU's after the intially leaked they would not. Strange times we live in.


http://www.bloomberg.com/apps/news?pid=206...id=aQkdNQliQssE
http://news.yahoo.com/s/ap/20090701/ap_on_...s_state_budgets


Links in case you missed this news.

[RangerSG]

Pretty amazing, the clowns on MSNBC today are telling us the recession is over while unemployment is still going up and California declares itself in an economic emergency. Do they really think that the American populace can't figure out what the job market is like. "Oh, it's not going up AS MUCH as we thought it would. So it's getting better!" No, it's not just quite as horrific as you thought it might be....yet.

But of course, pass cap-and-tax, and watch what's left of the economy get flushed down the toilet.

[Cold Iron]

RangerSG, on Jul 2 2009, 04:02 PM, said:

But of course, pass cap-and-tax, and watch what's left of the economy get flushed down the toilet.

Why?

[RangerSG]

Cold Iron, on Jul 2 2009, 07:33 AM, said:

RangerSG, on Jul 2 2009, 04:02 PM, said:

But of course, pass cap-and-tax, and watch what's left of the economy get flushed down the toilet.

Why?

Because businesses don't get taxed. They take a tax as a cost of doing business and either 1) pass it on the consumer, or 2) go out of business. Cap and trade is economic suicide. Everyone who makes electricity is going to be hammered. That means OUR energy costs will go up. Gas prices will skyrocket. Food prices will go up since farms will be taxed on the "carbon footprint" of cows and livestock. All those taxes will be passed to the consumer. That is a basic law of economics, that the consumer will always pay for all the costs of doing business, since the business will always want to make a profit.

Government doesn't think in terms of profit and loss, they have no incentive to make money. Businesses don't have that luxury. Cap and Trade is the most ruinous legislation to be proposed since Smoot-Hartley. And all the left's posturing over free trade costing us jobs (which in truth it doesn't) is going to be belied by the job loss they create with this.

[Nicodimas]

It looks like that nice number of 700 Billion could really be 24 TRILLION dollars.
This had ME thinking WTF.

Read the link

Quote

http://thehill.com/leading-the-news/watchd...2009-07-20.html

That is all..

[Cold Iron]

RangerSG, on Jul 3 2009, 11:02 AM, said:

Cold Iron, on Jul 2 2009, 07:33 AM, said:

RangerSG, on Jul 2 2009, 04:02 PM, said:

But of course, pass cap-and-tax, and watch what's left of the economy get flushed down the toilet.

Why?

Because businesses don't get taxed. They take a tax as a cost of doing business and either 1) pass it on the consumer, or 2) go out of business. Cap and trade is economic suicide. Everyone who makes electricity is going to be hammered. That means OUR energy costs will go up. Gas prices will skyrocket. Food prices will go up since farms will be taxed on the "carbon footprint" of cows and livestock. All those taxes will be passed to the consumer. That is a basic law of economics, that the consumer will always pay for all the costs of doing business, since the business will always want to make a profit.

Government doesn't think in terms of profit and loss, they have no incentive to make money. Businesses don't have that luxury. Cap and Trade is the most ruinous legislation to be proposed since Smoot-Hartley. And all the left's posturing over free trade costing us jobs (which in truth it doesn't) is going to be belied by the job loss they create with this.

Is that like how we all lost our jobs when oil prices doubled?

Yes things will get more expensive under cap and trade, but I can't see how this could possibly cause a collapse, it's just a market restructure.

[Shinrei]

The cost of living will go up, while real wage value will be flatline or go down (that's if you don't lose your job). People will buy less, which is part of the consumer problem that exists now with this recession. Downward spiral and all that. We should raise the minimum wage at the same time to ensure things really get expensive.

It's ok though, all this will do is speed up the deadline of the eventual collapse. Might as well get it over with to make the fall excruciating and start the rebuilding earlier.

I'm hoping to win the lottery so I can be one of the lucky few who can wheelbarrow my dollars to the store for a loaf of bread.

Silver is set to break out - mark my words. Go buy some bars.

[Nicodimas]

Ok then so if we already owed 12 Trillion plus this new 24 Trillion in backstopped securities means we could owe up to 36 Trillion x 5% interest means interest payment of 1.8 Trillion. If interest raises up to 10% it's even worse...

http://www.usdebtclock.org/

" We are Letherii"

This site say we have raised 1.3 Trillion as of 7/21 so lets say we finish at 2.4 Trillion. That leaves realistically 600 Billion for everything else now and they want to spend 4 trillion? It looks like the crash will come next year now more than likely.
Bummer.

This post has been edited by Nicodimas: 21 July 2009 - 03:01 PM

[Wickan warlock]

A good book to read on the thread subject is Super Imperialism by Michael Hudson.

It's available in pdf or word doc on his website.

There needs to be a credible alternative to the US dollar as the World's reserve currency.

[Shinrei]

How does one make a fiat currency "credible" ?

[Cold Iron]

Shinrei, on Jul 21 2009, 09:42 PM, said:

The cost of living will go up, while real wage value will be flatline or go down (that's if you don't lose your job). People will buy less, which is part of the consumer problem that exists now with this recession. Downward spiral and all that. We should raise the minimum wage at the same time to ensure things really get expensive.

It's ok though, all this will do is speed up the deadline of the eventual collapse. Might as well get it over with to make the fall excruciating and start the rebuilding earlier.

This is precisely my point. Artificially keeping prices low is not a solution.

[Slow Ben]

Shinrei, on Jul 21 2009, 06:42 AM, said:

We should raise the minimum wage at the same time to ensure things really get expensive.

I dont know if you were being sarcastic, but it raises again in 3 days to $7.25.

And in Illinois they raised it to an even $8 at the first of the month.

[Wickan warlock]

Shinrei, on Jul 22 2009, 12:48 AM, said:

How does one make a fiat currency "credible" ?

Open and honest Government? Well that isn't likely to happen...

Do you prefer a return to the Gold standard?

[Shinrei]

Cold Iron, on Jul 22 2009, 12:15 AM, said:

Shinrei, on Jul 21 2009, 09:42 PM, said:

The cost of living will go up, while real wage value will be flatline or go down (that's if you don't lose your job). People will buy less, which is part of the consumer problem that exists now with this recession. Downward spiral and all that. We should raise the minimum wage at the same time to ensure things really get expensive.

It's ok though, all this will do is speed up the deadline of the eventual collapse. Might as well get it over with to make the fall excruciating and start the rebuilding earlier.

This is precisely my point. Artificially keeping prices low is not a solution.

Wait, not adding a tax to something is what is keeping prices 'artificially low' ? That doesn't make any sense.

A: "Wow! This item is really cheap!"
B: "Hmm, you're right. It should be taxed because it's cheap!"

Wat?

[Cold Iron]

Shinrei, on Jul 22 2009, 11:46 AM, said:

Cold Iron, on Jul 22 2009, 12:15 AM, said:

Shinrei, on Jul 21 2009, 09:42 PM, said:

The cost of living will go up, while real wage value will be flatline or go down (that's if you don't lose your job). People will buy less, which is part of the consumer problem that exists now with this recession. Downward spiral and all that. We should raise the minimum wage at the same time to ensure things really get expensive.

It's ok though, all this will do is speed up the deadline of the eventual collapse. Might as well get it over with to make the fall excruciating and start the rebuilding earlier.

This is precisely my point. Artificially keeping prices low is not a solution.

Wait, not adding a tax to something is what is keeping prices 'artificially low' ? That doesn't make any sense.

A: "Wow! This item is really cheap!"
B: "Hmm, you're right. It should be taxed because it's cheap!"

Wat?

The price is kept artificially low by not enforcing emission control.