Arcadia Discussion Zone

Gerald CELENTE is known for being "the World's #1 Trends Forecaster".
http://www.trendsresearch.com/index.htm




BREAKING NEWS:
GERALD CELESTE POSTPONED THE CRASH - IT'S 2011 !

Seems this is goin to be MY thread ...

The US won't recover for at least 15 years :
http://www.youtube.com/watch?v=SmWQxNKOD7U

Start buying gold an' silver, guys ...

...you are not alone Egi...i'm listening...keep it coming.

Yesterday's papers: Austrian tax payers are donating 850 Mill. € to sick Greek government.
The next who want more will be Spain + Portugal + Italian Mafia.

The employees of the world need another Al Capone. We need someone who will invest retirement funds directly into communities, instead of on Wall Street.

We need someone with muscle, who has got our backs.

If the world had someone like that, we could work in relative security knowing that the assets that our labor produces isn't going only to enrich the world's top 6% wealthiest individuals.

I don't particularly like the current Chicago mob. I think they have been taken over from the inside.

Wall street ran out of shit to sell to each other and therefore made up shit to sell that created huge commissions and fees and NO OTHER VALUE WHATSOEVER. AND they did with other peoples money....the retirement funds of the labor forces of the world. Hoping nobody would notice.

Talk about ignorance (really stupid people with lots of power causes problems for the entire world). And the masters of the universe on wall street doesn't think Main street understands "money for nothing." geesh...their agorance is blinding.

Some of the most stupid people on the entire planet, created an economy based on consumption. An unemployed single mother on crack knows better than that, but wall street didn't.

a single mother on crack also knows that when the food stamps run out, she ain't getting anymore drugs without selling herself....our government doesn't even know that, look how long our congress critters have been selling themselves...nothing but 'ho's; and dumb 'ho's at that.

There is a huge disconnect between the 'haves' and the 'have nots' in America. When the failure of the financial system finally is admitted...all of those financial wizards are going to have to learn how to work with their hands....they are screwed. Just ask the unemployed computer wizards...their bubble burst a long time ago, and they still have not found jobs.

Talking about a crash. Poland didn't have a large debt to IMF, so now that their govt got whacked in 1 very timely shot, much like when Ron Brown's plane was set up to crash in similar circumstances, I can imagine Poland will soon be knee deep in debt to IMF.

Methinks this would be an appropriate solution to all of those sleazy politicians who created this mess, It worked wonders during the French Revolution.
http://www.pixeljoint.com/pixelart/17460.htm

I hope Andrew can fix that avatar to work without me having to link to it.

Did The Fed Just Bail Out Europe?

http://market-ticker.denninger.net/archives/2186-Did-The-Fed-Just-Surreptitiously-Bail-Out-Europe.html

PLEASE SEE CHARTS AT LINK ABOVE

That nice little vertical line is a gain of $421.8 billion dollars of outstanding loans and leases in one week's time.

WHERE THE HELL DID THAT MONEY GO AND WHAT COLLATERAL WAS TAKEN AGAINST A FOUR HUNDRED BILLION DOLLAR INCREASE IN OUTSTANDING LOANS?

You won't find anything like that in the records - because it's never happened before. That's beyond unprecedented, it's ridiculous, and assuming it's also accurate, someone has some 'splaining to do on what clearly appears to be some sort of back-door game being run.

Update: It has been suggested that this may be related to the FASB changes and securitized loans coming back on the balance sheet. If so, where's the alleged memorandum items on the other side and the footnote on FRED? The latter is missing, but the necessary data on FRED to confirm that is not yet updated.

Nonetheless, if this is the case, it's still bad (just not catastrophic) as this will directly hit capital ratios. Or, put another way, where's the additional capital that "should" be there to support what is now on balance sheet and was previously off (never mind that it was crooked as hell to have it off in the first place!)

Serendipity, that is what Roger's buddies do all day, every day, to earn their daily bread,... make money appear out of nowhere, spin it into derivatives and away they go into never-neverland, never to be recovered. With so many corporations outsourcing so much production off-shore there is virtually zilch in the way of equity left in the U.S.

If foreign dollar + bond holders wanna put the squeeze on the U.S and demand a physical assets like yer local power company, water company, the media operations, its bye-bye amareeka. The average citizen just got BOHICA'd and will still have to pay all the bills. The debt don't go away with a change of enslavin' owners.

We've got that link a few times by now.
We know that stuff already one can assume - or not and hammer it into our brain cells on a weekly routine.

Roscoe, its a crying shame folk don't have a sense of humor. Instead of getting their nickers twisted, they should be having a jolly good chuckle.

People are human regardless of where one encounters them, even though a recent poll I saw actually found folk who think aliens, ET's, whatever, are amongst us. The poll was not connected to the recent spate of spooky movies, it was done in the EU to measure zenophobia. I don't think the pollers expected the ET responses

It wasn't taken during Halloween, so that bit of enculturation didn't skew the results. I need to find that poll in a anglo source. I found it on a Scandinavian news website.

I wonder if the 'gnomes' of Switzerland are the spookers here.

I know exactly what Roger does for a living...I am trained to do the same thing. I don't have the stomach for it. At least I can go to my grave knowing that I have done no harm. I haven't earned a living either, but at least I didn't KNOWINGLY screw over my 'neighbors.' That was my choice. I don't believe you can swim in a sewer without smelling like....a sewer.

Serendipity here is the latest 'boot the Greek bailout, coming from a Swedish-Greek reporter, sent by her Swedish newspaper to get the inside story of how the current crisis is affectin' the citizenry there.

This is what that Swedish- Greek reported. (I am doin' a running translation from a Swedish newspaper article here).

The Greek govt got the following war toys as their 'donation' that has to be paid for by the Greeks. The Germans + French demanded this to be seen as their contribution to the current fiscal crisis.

France 'sold' 6 frigattes for 2.5 billion euros, helicopters for 400 millon euros, other diverse war toys for 3 billion euros, Germany 'sold' 6 submarines for 1 billion euros.

She went on and asked philosophically... what about the welfare of the citizenry who now have to get by on less to re-pay the debt Greece has? how can this debt be repaid on a shrunken financial base? ....

IMHO these war toys were put there by orders of NATO to ensure Greece has the internal capability of installing a military junta like it has in past. 1 possible adversary is Turkey which has the military capability of crushing Greece in short order. Since both are NATO members, that should not happen.

The only other outside suspect is Russia. It needs free, unhindered access to the Med thru the Dardanelles, if it expects to come to the aid of Syria. Otherwise, Russia has to crush Turkey to get to Syria, by an overland route. The current saber rattling 'tween Israel + Syria with Russia proclaiming to come to defense of Syria has caused this need to re-inforce the additional arming of Greece.

Crash or no crash, a big war is looming over the horizon folks... it looks like it has all the makin's of the gog-magog conflict, yes? If Turkey joins forces with Russia, the Greeks will needs lots more war toys than what it just recently got.

The latest to add to the Greek financing fiasco. I clipped it out from a series of articles debating that conundrum.

Germany’s parliament today passed a bill that means 66% of the country’s income tax revenue each year go to banks in the form of  interest payments on sovereign debt bonds held by Greece, Portugal and other eurozone nations.
Chancellor Angela Merkel’s centre-right coalition govt voted to give 123 billion as Germany’s portion of a 750-billion euro loan guarantee package prepared by EU and IMF to enable govts to keep up interest payments to banks on sovereign debt.
The bill was passed by Bundestag with 319 "yes" votes, 73 "no" votes, 195 abstentions. The abstentions came from center-left opposition Greens and Social Democrats (SPD) and a handful of CDU/CSU and FDP backbenchers.
The 123 billion euro bank package comes on top of 22.4 billon Germany’s parliament voted to give Greece 2 weeks ago.
German taxpayers have to give 145 billion euros or 77% of the country’s annual income tax revenue to banks in the highly likely event of Greece, Portugal, other countries not being able to meet their souvereign debt interest payments.

A German accountancy website allowing people to calculate what portion of their income tax go to fund the banks reveals a man earning 30,000 euros a year, paying income tax of 5,625 euros, gives 3,709 euros to banks as part of the 123 billion eurozone “rescue” package. He gives another 675 euros as part of the 22 billion euro Greek “rescue” package.
Germany spends another 40 billion a year paying interest on its national debt, created by the bank bailout and stimulus in the first place.
This means another 1,200 euros of  5,625 euros collected in income tax from a man earning 30,000 euros a years goes on interest payments on national debt.
In this case,  a total of 5584 euros or 99%  in income tax paid directly to banks like Deutsche Bank and Goldman Sachs by the German govt in the form of interest payments on national and international eurozone debt.

As a result of the bill, only 41 euros of total annual income tax of 5,625 be available for govt to spend on education, pensions, hospitals and welfare and such like.
41 euros is 0.72% of total income tax paid by a man earning 30,000 euros each year.
Merkel govt announced a raft of deep cuts and tax hikes, which increase the proportion of country’s income flowing to the banks and accelerate an economic collapse much more severe than the Great Depression of the 1930s.

Transfer of almost the country’s entire tax revenues to banks shows the politicians in Germany work hand in glove with banks to loot the people on an unprecedented scale under the smokescreen created by the mainstream media.
Tho' sold by controlled media as “aid for Greece”, none of the money go to people of Greece.
The 123 billion euros and 22 billion euro packages go straight to banks who hold souvereign debt bonds issued by the Greek and other eurozone debtor govs if these can't raise enough money.

These same banks artificially push up the interest rate using credit default swaps to maximize their profits, Germany’s recent bank on naked short selling will do little to stop this practise.
The way goves and regulators acted together to help banks create paper debt then transfer gigantic sums to those banks under guise of having to rescue them and pay interest payments on rescue loan is the subject of a parliamentary investigation and criminal probes in Iceland. Several bankers have already been arrested.

In the U.S, the SEC launched a criminal probe into Goldman Sachs and Deutsche Bank, among others, for their role in creating property debts, used as a pretext to get tax payer funds. Credit rating agencies are also under investigation in the U.S for fraud.
German prosecutors asked the boss of Deutsche Bank, Josef Ackermann, to testify on the bank’s role in bankrupting of IKB, triggering the bank bailout and stimulus packages that vastly increased the national debt.
Germany is just the latest country to push thru its part of the 750 billion eurozone package.
Austria's parliament on Wed voted to provide up to euro15 billion in loan guarantees as its share.
In France, the package is set to go parliament on May 31 and expected to be passed.

Never in recent European history have govts so blatantly looted taxpayers.If nothing is done to reverse these bills, the economic and social collapse of Germany, Greece and EU nations is inevitable.

Well the "Crash Of 2010" as forecast in the 1st post hasn't happened. DJ Industrial Average is up 900 points from the start of the year and 1,900 in the second half.

When was that forecast made again?

Another soothsayer bites the dust!



And on the basis of the measured move from the Inverted Head and Shoulders reversal there's another 300 points to come.

Regards to all

Wombat.

And, for the record Eginolf, there's your extra 300 points from the measured move off the Head & Shoulders reversal that I promised you. Plus an extra 600 for good measure.

Your forecaster will eventually be correct if we wait long enough. But it's interesting to me that given the Middle East, and the Japan tragedy, the market is still up.



Regards to all

Wombat.

Interesting to see whether it busts thru the February top.

Interesting set-up hotspur.

Will it be a double top?

Have we had an ABC Corrective from Feb 18 to Mar 16? Is the latest 10 day run up the start of the wave 1 impulsive of the larger wave 3?

It looks to me that it most likely is. However, there's a Gann 8/8ths* at 12,500 which will give strong resistance, so it might be slow to get through that level.

But who am I? What's a Wombat compared with Eginolf's Gerald Celente?

Regards to all

Wombat.

* For Lovuian
8 x 8 = 64
reciprocal of 64 = 1/64
1/64 the golden tear?

You're not an Elliott Waver are you?

I love watching Elliott Wavers discuss wave counts - great blood sport.

Rugby Union is my blood sport, hotspur.

The game they play in Heaven.

Regards to all

Wombat.

I feel a joke about odd shaped balls coming up
I am around RLC at the end of April Wombat, I'll do my best to get up there and get the necessary photos. Thanks for the vino offer, don't worry though, I'm more a vodka man.
Regards
Nic

Really? Shall we talk about volume?

The number of people actually playing the market shows that it's being manipulated by the 'funds' that have some value left.

No honest person is playing the market right now because of the obvious manipulation by "who-ever."

Let us look at some truth...like how the US taxpayers bailed out EVERYONE, including FRANCE! So if you live in France, and your feeling kinda smug....just remember, you took over $5 billion from the American citizens in ONE DAY.

http://www.bloomberg.com/news/2011-04-01/foreign-banks-tapped-fed-s-lifeline-most-as-bernanke-kept-borrowers-secret.html

Other foreign discount-window borrowers on Oct. 29, 2008, included Societe Generale (GLE) SA, France’s second-biggest bank; and Norinchukin Bank, which finances and provides services to Japanese agricultural, fishing and forestry cooperatives. Paris- based Societe Generale borrowed $5 billion that day, and Tokyo- based Norinchukin borrowed $6 billion.


Yep, the markets can surely be up when you are trading dirty money for the drug lords...
http://market-ticker.org/akcs-www?post=183540


I have no doubt, that anyone employed in the financial services industry knows about all of this....and if you are currently, still working in this industry....YOU are as dirty as all the rest by association.

I am personally, going to launch a crusade against ALL BANKSTERS and their minions....tar, feathers and run out of town on a rail. I know for a fact that it will change the behaviors of the ones that are left....

BULLDOGNIC says:
Very well chilled I hope.

Budem zdorovy!

Wombat.

Absolutely, with a hint of bison grass.
http://www.zubrowka.com/
I'm hoping that the roof stays on the aeroplane and the pilots don't have oxygen masks on
Regards
Nic