The "up-to-the-minute Market Data" thread

reply to post by marg6043

I always said that the crap will hit the roof when the littler people at the bottom cash flow will stop.

That is when hell will break lose, so far the government keeps cutting and cutting so when the money actually stop it will not be so bad, but hell they going to get a big surprise.

"The only mandate of the Federal Reserve is to keep the bankers in power and the people underneath them," said Celente during a recent interview with Russia Today. "They're devaluing the dollar and enslaving the people"

the gov't money in the form of unemployment, food-stamps, SS & Welfare/WIC... won't be shut off

it's just that the purchasing power of those programs will buy 1/10 of what was expected...
a $400 month food stamp allotment will buy maybe 1 weeks worth of starchy foods, enough to gorge the belly's of the rug-rats for one-half a month (for the astute buyers/mothers)

reply to post by St Udio


I actually can picture whatever is left of our government by the time the crap hits the fan trying to print tons of worthless money to be able to keep entitlements alive, if by that time is anything left of entitlements after the frenzy of cuts heading our way, that is why you see other nations that are holding US debt getting rid of it.

People think Greece is in bad shape but they have not clue that the great America is even worst.

We can actually see the desperation right now, but is all hidden, forgotten and sugar coated behind the media propaganda to show that the nation and the economy is just peachy.

Do you know that President Bush is trying to push now SOPA without the need of congress and using the tag of "initiative" I send letters to my representatives and just could not hold myself and told them that Washington was full of greedy politicians corrupted and in the pockets of Wall Street

It didn't took long for one of them to answer back telling that he was opposing the SOPA initiative bill.

Originally posted by marg6043
]

 

It didn't took long for one of them to answer back telling that he was opposing the SOPA initiative bill.

well...my Senator... Lindsey Graham of SC... is turning into a mega Hawk & would not oppose SOPA at all
he is pro war/patriot act(s)/ spying/attacking Iran/ etc

so you got a rep. that is possibly worth keeping in a hopefully President Paul Administration.. to get a turn-around going

reply to post by St Udio


Is interesting that at leas one Rep, of three answer back so fast while the other two have not send me anything yet. Now as for politicians I believe that no candidate in todays government could bypass corruption specially if that corruption is the one manipulating the government.

Hardly an -ahem- auspicious start to the new pact:


Spain to miss 2012 budget deficit target, says Spanish PM

Spanish Prime Minister Mariano Rajoy has said his country will miss its budget deficit target for this year, just as EU leaders agree a new treaty to enforce budget discipline.

Mr Rajoy said Spain's deficit would be 5.8% of total economic output in 2012, higher than its agreed target of 4.4%.

He said the higher target still represented "significant austerity".

The Netherlands also said it would miss its budget target for this year, with a deficit of 4.5%.

The Dutch target was 4.1%...

"I'm backing austerity and aim to reduce the deficit from 8.5% [in 2011] to 5.8%," said Mr Rajoy.

In January, he outlined 8.9bn euros ($11.8bn; £7.4bn) in new budget cuts, as well as tax increases designed to raise 6.3bn euros.

But analysts said even hitting the new deficit target would not be easy.

"It's still a difficult objective in the absence of any traction in external demand," said Emilio Ontiveros at Analistas Financieros Internacionales in Madrid.

"Spain is going to depend a lot on the economic tone of its main commercial partners in the eurozone."...

Source

First he signs the treaty opening his country to huge fines; then he spills the beans as he makes his exit. Bizarre.

reply to post by pause4thought


Yep and in other news, one of the Dutch opposition parties is outright calling for the Netherlands to exit the euro, claiming the country will be far better off, citing the findings of some report.

Dutch Freedom Party pushes euro exit as €2.4 trillion rescue bill looms

The Dutch Freedom Party has called for a return to the Guilder, becoming the first political movement in the eurozone with a large popular base to opt for withdrawal from the single currency.

"The euro is not in the interests of the Dutch people," said Geert Wilders, the leader of the right-wing populist party with a sixth of the seats in the Dutch parliament. "We want to be the master of our own house and our own country, so we say yes to the guilder. Bring it on."

Mr Wilders made his decision after receiving a report by London-based Lombard Street Research concluding that the Netherlands is badly handicapped by euro membership, and that it could cost EMU’s creditor core more than €2.4 trillion to hold monetary union together over the next four years. "If the politicians in The Hague disagree with our report, let them show the guts to hold a referendum. Let the Dutch people decide," he said.

As the noose tightens around the necks of Eurozone members, so too does their disdain and frustration at the single currency pact.

So whats next???? looks like greece's default went out with a wimper. This global collapse is going to take longer then i thought.

reply to post by camaro68ss


We collapsed a long time ago, when countries needs monthly infusions of bailout money from sources that also are in need of financial help it tells you that is nothing but a big hoax and that so call infusions are nothing but lies, as countries are not getting financially better.

That is what is going on in the world, as long as is electronic transfers of fictitious funds the bailouts will keep on going.

Originally posted by marg6043
reply to post by camaro68ss

 

We collapsed a long time ago, when countries needs monthly infusions of bailout money from sources that also are in need of financial help it tells you that is nothing but a big hoax and that so call infusions are nothing but lies, as countries are not getting financially better.

That is what is going on in the world, as long as is electronic transfers of fictitious funds the bailouts will keep on going.

Your totally right, I just did not think the shell game would last this long. Its really only a matter of time but is that time 20 years from now or 20 weeks....

reply to post by camaro68ss


The game most go on, it doesn't stop and I got the feeling that never will, entire nations banking systems are Dependant now on the manufactures of bailout money to live on, while the nations resources are none existent, it is sad but truth.

We are now big spenders globally only a few nations can call themselves producers this days.

I keep hearing and reading about Germany so call financial stability, but Germany can no provide loans and assistance to other members in the EU without the backing of the US FED behind the IMF.

Doesn't that smell fishy to you? I wonder what is going on and how really stable Germany is or if just part of the hoax to keep attention on Germany while the real players behind the global control really are.

It will happen and pretty soon, but how soon is anyones' guess. Marg is right though, the beginnings of collapse happened back in ar0und 2007 and the world has been plugging leaking holes ever since. I beleive the ship sinking will happen simultaneous or some time around major war in the Middle East.

reply to post by camaro68ss


Also don't bet on Greece being solved. So they had an orderly default and avoided a disorderly default. I firmly believe we haven't seen the last of this nor the repercussions that are going to result, such as other Eurozone countries heading toward similar blow ups and calls for restructuring which will be way beyond the capacity of governments and central banks to contain and manage.

reply to post by surrealist


Greece just got another bailout like the ones it got last year to keep the country from falling into a humanitarian night mare, that is why it keeps been bailout regardless.

reply to post by marg6043


Yes and it appears Greece already needs a new bailout as the current second one may not be adequate. And the chairman of the Treasury Select Committee has called for Greec e to exit the euro. ANd economists have warned that an exit by any of the troubled countries from the euro zone currency union could set off a chain of events on financial markets similar to the collapse of Lehman Brothers three years ago.

About the Fed Report.
I am not sure how you can claim this is strong job growth without using the term relative. But simply, the jobs market is growing at an anemic rate of 1.51 % year over year. Now if we were at the peak of employment, that would be one thing. But we are far from that.

The rate of corporate profit growth has dopped sharply. That is what drives future...

And the market rallies like there's no end to the prosperity gravy train.

reply to post by surrealist


Greece has entered what is now a vicious cycle of debt, partial repayment and more debt.

The bailouts that Greece is getting right now are only to go for the repayment of the maturing debt of their bonds interest. So what the countries involved in the bailout are doing actually (US number one) is using tax payer dollars to make Greece look like they are paying their dues back to the corrupted entities that bought their goods.

But actually is our tax payer dollars paying for bankers dues.

no I am not joking. still Greece and many of the other countries in debt are allowed to sell their debt (bonds) but when its time to pay back they will need bailouts.

What a freaking joke. Just like US selling its debt to repaid the debt from the last sale.

Four large US banks fail stress tests
Citigroup was one of four large US banks that flunked stress tests aimed at seeing how they would hold up in a new economic crisis, Federal Reserve data showed Tuesday.
Three others -- Ally, Suntrust and MetLife -- also failed the tests, while 15 other large bank holding companies passed the exercise, the Fed said

reply to post by Surfrat


They are liars, no bank in todays fictitious economy will come out clear from the on going collapse that we are experiencing right now.

When I heard the news about this "stress" test I just started laughing like a mad woman.

reply to post by St Udio

Lindsey Graham...is turning into a mega Hawk & would not oppose SOPA at all

Turning into one? Where have you been?
He wanted war with Venezuela and Iran years ago.