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Are conspiracy theorists actually right this time around? It appears that the European Financial Stability Facility is becoming more and more desperate. Over the last few weeks, investors across the globe have witnessed mounting debt issues across all the major European economies.
However, now that Europe appears to be pulling its last few strings, European bonds may become a reality.
And therein lies the conspiracy theorists' worst nightmare. European bonds signifies one step closer to a New World Order. Given the tangential problems in the United States, what if "Western" bonds were created in a few years. Given the slowing growth in China, what if "World" bonds were created down the road? Eventually, we may have a world government that has supreme sovereignty and power over everyone.
Italy, Spain, France and Belgium will each go to market this week to auction bonds worth billions of euros.
Monday 28 November
Belgium and Italy Bond Auctions
United States New Home Sales (Oct)
Tuesday 29 November
Italy Bond Auction
United States S&P/Case Shiller Home Price Index (Sep)
Eurogroup/Ecofin Meeting: European finance minsters will meet on Tuesday and Wednesday to debate changes to the EFSF, including plans to increase the leverage of the EFSF.
Wednesday 30 November
United States Chicago PMI (Nov)
Thursday 1 December
Global PMIs (Nov)
France and Spain Bond Auctions
United States ISM (Nov)
Friday 2 December
United States Non-Farm Payrolls (Nov)
And for those who haven't just head over to CNBC: "Sales rose an estimated 6.6 percent to a record $11.4 billion on Black Friday, typically the busiest shopping day of the year for Americans, while the traffic at stores rose 5.1 percent, according to ShopperTrak.
This is happening despite the savings rate recently dropping to pre-Depressionary level, and despite revolving consumer credit (as in not cars and colleges), continuing to contract.
From Bloomberg: 'RETAIL GROUP SAYS SECOND-BEST BLACK FRIDAY WEEKEND WAS IN 2008."
ICAP Testing Trades In Greek Drachma Against Dollar, Euro
ICAP has reloaded old drachma templates for spot foreign exchange and derivatives (NDFs)
ICAP Drachma Tests Are Only Precautionary
Drachma Currency Pairs Not Yet Launched For Trading, May Never Be Used - Execs
ICAP Testing Trades In Greek Drachma Against Dollar, Euro - Executives
"For the same set of reasons, as the ‘end game’ approaches the rally in AAA-rated Euro area sovereign bonds (Germany’s especially) no longer seems sustainable and could reverse in coming weeks.
Crisis Has Worsened Significantly
Market stress has intensified and Europe is in a “true financial crisis,”
Markets and some governments think the ECB should buy more govt debt
'No Discussion Within G-7 Of Reported Large Package For Italy".
*MOFCOM'S CHEN: EU RESCUE FUNDING STILL FACES SHORTFALL :MOCZ CH
*MOFCOM'S CHEN: CHINA OBSERVING QUIETLY EURO SITUATION :MOCZ CH
*MOFCOM'S CHEN: WORLD ECONOMY FACES DOWNWARD PRESSURE ON EU DEBT
European newspaper Die Welt says Germany and the other 5 AAA-rated nations of Europe are discussing jointly issuing 'Elite' bonds.
The paper said that the money raised by the bonds would finance the debts not only of the six AAA-rated countries — Germany, France, Finland, the Netherlands, Luxembourg and Austria — but also help provide financial assistance, under strict conditions, for Italy and Spain.
Originally posted by Vitchilo
And as ``latest`` news.. Italian 2yr bonds just hit 8% for the first time in HISTORY... very bullish. EDIT: went back down to 7.35%... ECB intervention?
Yet the most notable data point was the average new house sale price which dropped to $242,300. This is the lowest price since 2003!
...the possibilty of bonds being used as a way to bring in world government and a new world order. The argument goes that first there will be Euro bonds, then maybe 'western' bonds and finally 'world' bonds on the back of which world government will form...
Television rule the nation, no matter the reality.
For the readers. WAKE UP, WAKE THE *** UP.
Originally posted by eagleeye2
For the readers. WAKE UP, WAKE THE EFF UP.
OBAMA SAYS U.S. `READY TO DO OUR PART' TO RESOLVE EURO CRISIS. - BBG
OBAMA SAYS SOLVING EURO CRISIS OF `HUGE IMPORTANCE' TO U.S. - BBG
Once again Judge Jed Rakoff, also known as the only person in the Southern District of New York who calls out the SEC consistently and routinely on their corruption, has ruined the day for both Mary Schapiro and for Vic Pandit, by making the proposed $285 million MBS fraud settlement wrist slap null and void, and setting a trial date for July 16, 2012 in which Citigroup will actually face a jury and defend itself to peers instead of to future Citi employees in the form of SEC porn addicts. It is unclear if the reversal is a bigger slap in the face for Citi or for the SEC, but one thing is certain: both parties are to be massively embarassed as a result of this ruling which essentially says that both entities are culpable - the first of committing a far greater crime than the $285 mm fine deems fit, and the second of being a complicit enabler of precisely this kind of criminal behavior which it then fines with some token amount and things can continue as they were. And just like in the case of SEC vs BofA, Rakoff crucifies the SEC's worthless organizationL: "the Court concludes, regretfully, that the proposed Consent Judgment is neither fair, nor reasonable, nor adequate, nor in the public interest."
What???? They were cashing checks without fund verification? I don't even know how to respond to that. Is that really true? Correct me if I am wrong but someone is going to get a bounced check charge.
Originally posted by marg6043
reply to post by GoalPoster
My daughter had to work half day on Friday that usually the local bank where she works at closes for black Friday but they were told to open half day because they were expecting a busy day, she said that it was busy alright, the lines at the teller machine were pack from opening to closing, nothing more than people trying to cash checks from other banks, they were told to cash them even when they knew that most of the check were bad checks.
Got to keep the consumerism going, now what that tells you.
January and February are going to be very interesting with all the defaults.
Originally posted by AuntB
Why do I keep reading that investors are "optimistic" over reports coming out of Europe? I read article in papers from Australia, Ireland and German paper. I didn't read anything optimistic, what I read was highly alarming. Is this just brain washing so ma & pa will sink their life saving back into a dying market?
I already told everyone in my family they are not getting anything for x-mas this year. there is more things to worry about other then "gifts"
Originally posted by TiM3LoRd
Thanks for the explanations guys.
So basically bonds are like shares in the government plus interest to cover inflation.
LoL So is there a limit of how much bonds a country can sell and do they drop in value depending on the number?
I cant believe we all operate on such a chaotic system of finance. its a circus.