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Thank Goodness Everything's Fixed
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The trick is to borrow as much as you can and leverage it to the hilt, and buy, buy, buy.
Thank goodness everything's been fixed. Now that the bigshots in the Eurozone have given Greece the Humphrey Bogart treatment-- When you're slapped, you'll take it and like it, Bogart's line as he bullied Peter Lorre in The Maltese Falcon--and a chastened Greece is in line for another 17 billion, or is it 17 trillion, I'm losing track of the numbers ... but anyways, it's all fixed, and squeezing Greek pensioners was the trick needed to save Europe from itself.
Now everyone can get back to their summer vacations and the good life resumes. It doesn't get much better than this.
That spot of bother in China's stock market has been fixed by criminalizing negative comments about stocks, removing all the stocks that might sink further from trading and extending more margin to more banana vendors, so they can get rich quick. And since to get rich is glorious, we can anticipate thousands of banana vendors becoming millionaires and rushing to New York to buy a Manhattan cubbyhole for $2 million.
When stocks rise, everybody wins! Except those who can no longer afford to live in Manhattan, San Francisco, Los Angeles, Vancouver, etc., but hey, the path is open to them, too--just margin up to the hilt, mortgage your future and buy stocks now--the People's Bank of China, the Federal Reserve and the European Central Bank all have your back.
Thank goodness that brief stock market swoon is over and the march higher can resume, so everybody can keep winning, forever and ever.
The deal with Iran is a win-win for everybody, too--especially consumers, who will see oil prices plummet as Iran doubles its production. Of course that will drive a knife into the heart of every other oil producer's net income, but those sorts of adjustments are good in the long run.
Once again, everybody wins.
Volatility in the stock market is once again where it should be--at multiyear lows. Low volatility is evidence that everyone's confident the world's central banks can bail out anyone, at any time--too big to fail banks, every stock market, every real estate bubble, entire nations if need be.
Confidence breed confidence, and complacency means everybody's winning. It's a remarkable feeling, knowing the casino has rigged the game in your favor; you can gamble as freely and wildly as your heart desires, and you'll always win. Stocks--up. Condos in Miami--up. Bonds--up (a little negative interest rate action only hurts pensioners and savers--they should get with the program and start buying stocks).
Low volatility proves the game is now rigged in everyone's favor. The only losers are those sourpusses who refuse to buy stocks. But it's not too late to turn your banana cart into a condo overlooking Central Park. The trick is to borrow as much as you can and leverage it to the hilt, and buy, buy, buy. Remember--everything's fixed.
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Laughed when GOOG hit $666 earlier.
Will HuffPo's stunt actually HELP Donald Trump?
http://tinyurl.com/ptfd9eo
Nope. It is just all another distraction in the theatre of the bizarre.
"20X LEVERAGE UP ON GOOG STOCK! SELL METALS!" - Blythe and Bernank
The beast is rising!!!
http://galeinnes.blogspot.com/2015/07/social-herds-economic-turds.html
Charles is such a doomer.
You should be optimistic & hope the fires miss your house...
Oh & don't worry, the gov.'s got it all under control...
(Digital Totalitarianism in 3...,2...,1...)
This is supposed to be satire, but it is 100% true. The bullshit can go for years and years.... and years. So far Central Planning has worked just as planned (...for more than 20 years.... or maybe 102 years). $18 trillion is already totally absurd... so why not 18 quadrillion? Sure the dollar will die... but its replacement will be 100% controlled and your slavery will continue as planned.
Inflation...Bah
Look, there are thousands of bridges and ten thousand dumpsters in affordable flyover country that can assimilate many homeless and "no longer in workforce"
BUY BUYBUY.........buddy of mine just bot NFLX......and said its SPLIT!........I about puked.......its getting very close
thank god for communism, or capitalism would destroy us all. afterall, free markets are the devil's work.
and the phony paper prices of real money decline....
"The new law can also help protect depositors from other downsides of the present monetary regime — the risks inherent in fractional-reserve banking, for example — while still providing many of the conveniences associated with a bank account. Indeed, the depository will engage in many of the functions associated with traditional banking: The ability to store wealth for safe-keeping, the ability to write checks against deposits to transfer funds, and so on.
But in other respects, the institution will function very differently from a traditional bank. For instance, depository accounts will not pay interest, according to the law, nor will the deposits be loaned out to borrowers under the prevailing fractional-reserve banking regime. In an interview on the popular TruNews radio program, the state lawmaker behind the law celebrated the way in which the institution will operate as a major benefit for potential clients.
“This is different than your traditional bank — a traditional bank lends money,” said Texas Representative Giovanni Capriglione, who authored and sponsored the legislation. “Especially if you're in Greece right now, you know that if you go to the bank, and everybody went to the bank to try to get their deposits out, there's not enough paper money to cover it. That causes a whole bunch of concerns. What this depository does is, it doesn't allow that — if there are 5,000 bars of gold in there, there will be 5,000 gold bars there, and you'll be able to access your deposits directly upon demand.”
Depositors will also be able to write checks against their gold deposits to pay others, continued Rep. Capriglione, calling the measure a “big deal.” “You can write checks to individuals who have gold depository accounts, and you’ll also be able to write checks to individuals and corporations who don’t have gold depository accounts,” he explained. “We set up a system of depository agents so you can have any corporation, any group, basically start a depository agent, and they can send and receive through this depository system, outside of the Federal Reserve System.” Public entities will also be able to participate.
It will not be just Texas citizens, governments, agencies, and businesses taking advantage of the new options, either. “We are not talking Fort Knox,” Capriglione told the Star-Telegram newspaper. “But when I first announced this, I got so many emails and phone calls from people literally all over the world who said they want to store their gold … in a Texas depository. People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold.”
http://www.thenewamerican.com/economy/economics/item/21271-texas-launche...
Remember .... one day .... one Joo .... will own all the money .... if Capitalism is allowed to reach it's full potential ! Monedas from Zion-Hedge
Another week of magic markets with a free Greek tragedy thrown in for texture. Things are badly bent out of shape and our 'elite' is now putting a new coat of paint on everything at least once a week. Forrest Gump understood.......
Does this mean that I should max out my credit cards and then not pay?????
That would be a ballsey move. That's one that you'd have to get the timing just right on. It would also be worth while to see if JPM is not suing over CC debt, because if you got the timing wrong, you want to be dealing with a junk debt buyer in court instead of an original creditor.
They always sue and that then gives them a judgement that they can sell and that all the buyers can then take a stab at collecting and then sell the loosers again and again. Makes for a lot of phone calls which is what number ID and message recorders were made for.
ps: the only thing of danger to watch out for is new debtor's prison laws.
A few years ago, JPM quit suing over CC debt because one of their big wigs leaked some pretty damning information about their litigation and record keeping practices. I'm not sure if they've fired their paper mill litigation machine back up, but the revelations would have opened JPM up to some pretty nasty counter claims. Their only recourse was to start selling the debt to junk debt buyers who can be taken down on the admissibility of evidence and standing. One of the revelations to come out of JPM was that people who had beat JPM in court outright had their debt sold to JDBs anyway. It is entirely possible to get sued by two different JDBs for the same debt because the system is so corrupt.
JDBs cannot sue the debtor, he already has been sued with the following judgement given against him to the creditor. If there is any after the fact suing to ensue it would be for the JDB to sue the creditor for fraud for multiple sales of the same judgement.
This is incorrect. A bank can sell the debt to a JDB before suing, then the JDB can claim it has the right to sue. Midland Credit Management is on several dockets around the country.
Time it for when a stray airliner is about to crash into the main computer location and wipe out all the data. Like you know when.
only if you are an illegal immigrant - they are a protected class and can do whatever the F' they want.
this is why yesterday I finally threw in the towel. I am now on the ugly bitch Yellen side. I am buying until the end of august and then going to sell about a week and half before the september FED meeting!! Party on!!
Ruh-roh! A few more ZHers throw in the towel and it'll be a sure contrarian indicator.
Nah, his plan is solid.
https://www.youtube.com/watch?v=mlwfGh-SVXw
Everythings fixed, including Caitlyn
http://www.washingtontimes.com/news/2015/jul/16/peter-berg-lone-survior-...
http://www.washingtontimes.com/multimedia/image/peter-berg-instagram-pos...
Caitlyn Fixed ??? In what context are you inferring here ?
No inflation here folks, if you don't eat eggs that is..
http://3.bp.blogspot.com/-01s45XOEs5s/VaiRnbh7foI/AAAAAAAAahk/IHgEmAmEkK...
Time to reread Politics and the English Language and stay alert to Orwellian newspeak, which seems to be increasing exponentially. Be especially vigilant when the ECB offers to "provide liquidity," or "additional funding," or an 89 billion euro "lifeline." They're really just talking about driving Greece deeper into debt, already unpayable.
And those "bilateral credit lines" sound so clever and effective until you realize they're just credit default swaps, like the ones that got Greece into this mess (with Goldman's expert help) in the first place. Don't be fooled.
nazdaq 5200, i'm heading to the hampsteins... see you in September goys
I woke up late, is Texas still a sovereign state? Or are the Feds still messin' with 'em?
The invasion's not getting much coverage where I am (in the civilized world). Gota be a coverup! maybe a false flag even! Most definitely a conspiracy, that's fo shure.
I figure it's all a cover to steal their newly acquired gold actually...I hope the Texas militia types are guarding it, by the looks of the ones I saw the gold is safe in their hands, yup. Bubba and Billy Joe Ray got it covered. Yup.
It seems brother Charles Hugh-Smith is showing signs of frustrated dementia.
I suggest he forego any further economic news and start drinking heavily.
Start with one pitcher of martinis an hour until he throws up, then go to a pitcher every 20 minutes until it's all forgotten.
excellent back to school reference.
It's nice to know that the ZH community includes medical professionals willing to freely share their expertise.
While I'm not a licensed physician, in my youth I played one with the neighborhood girls.
Expecting huge returns on my ghost town condos any day now.
Buy food and water.
Tsunami about to rush into you neighborhoods.
Get it before it's genetically modified.
If it has no nutrition, you'll get cancer early.
Aim small, miss small.
Best line was at the end, with Sydney Greenstreet hacking at da black bird with a knife and nope, no jewels there.
Kaspar Gutman: Seventeen years I've wanted that little item and I've been trying to get it. If we must spend another year on the quest... well, sir, it will be an additional expenditure in time of only... five and fifteen seventeenths percent.
Hell man, it's NOT just awesome, it's AWESOMEST - to infinity and beyond!!!...
Sounds like a recipe for a house of cards to me!
Oh, Mr Hugh-Smith, instead of your 'buy the dip' sarcasm, why don't you do some investigating about what's really going on in The Middle Kingdom.
First carefully check out the chart called
at this link.
http://qz.com/445344/is-turmoil-from-chinas-stock-market-downturn-headed...
Notice how margin balances spikes from 0.5 trillion yuan in mid 2014 to almost 2.5 trillion yuan in mid 2015 (now).
Now carefully read this article from Reuters
http://www.reuters.com/article/2014/03/20/us-china-foreigninvestment-sto...
Did you see how margin trading spiked when China allowed foreign investors more access to their market.If you look back at the crash of the Tokyo stock exchange in 1989 you will see a similar modus operandi by the Three Cards Monte du jour. Today's three cards monte are none other than the usual suspects Goldman Sachs, JPMorgan and Bank of America.. . . . Yes, Charles, they have taken your advice: "borrow as much as you can and leverage it to the hilt, and buy, buy, buy" but taken it one step further: "borrow as much as you can and leverage it to the hilt, and buy, buy, buy" but then at pre-agreed price, short, short, short.
https://www.yahoo.com/health/another-chicken-recall-aspen-foods-pulls-2-...
"The trick is to borrow as much as you can and leverage it to the hilt, and buy, buy, buy."
Once in awhile, CH-S gets it right. He may call a new SP top every week. He may be long gold and silver. But occationally he says something that has the potential to be profitable.
Where is the global growth coming from that these stock valuations are valued for?