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Well played. When is the next downgrade??
NFL pre-season starts next week so who cares
He's our only hope.....
Save the Republic!
And i was expecting Ron Paul
Circle the wagons Boys & Girls.
On Monday morning, make sure you have adequate supplies of TP in your bathroom.
Because, the shit is going to fly fast and hard.
And by the time the bell rings at 1600 hours, your long-term-hold portfolio will the worth the square root of negative one.
Why does S&P hate America?
The other way around: why does America hates S&P?
Obama is done. 'The Man Who Lost Our Credit Rating'. D-o-n-e. That entity that bet 1 Billion that we would get a downgrade just got P A I D $$$$$. Major power play in action, you don't challenge the president without big guns. Stay tuned.
I hope the Onion does a parody of the Free Credit Report commercial with Barry, Timmy and Benny playing the three dudes normally in those commercials. Just a suggestion, if anyone working for the Onion comes here for ideas.
Things to do this weekend.......
1. Buy gold.
2. Buy silver.
Prices are fixed until Asia opens...tick tock.
Maybe short term. I think we may be in for a surprise when deflation kicks in and gold and silver drops hard.
I hope that we are at the bottom of a beautiful channel on the indexes. HNS played out and if you look at the weekly, we didn't close below the lower channel.
I'm telling you guys, we have been getting played by the big boys since February. They have been using the news to sell their accumulation and now that they have completely got rid of their accumulation 2 weeks ago, they loaded up on puts on the indexes and shorted them.
I still think Ben Bernanke knows exactly what he's doing. He sold a butt load of calls at the top of the indexes and bought a butt load of puts. Now that we are at the lower end of the channel and has practically got everyone to capitulate, he is now selling a butt load of puts and buying a butt load of calls until we get to the top of the channel. Genius!!!! Come on guys, how all do you think Ben Bernanke is going to clean his balance sheet of bad debt and get the USA back to triple AAA status? Not through Congress, but through the sheeple. Ben knows exactly what he's doing and playing dumb.
The H&S target is still several points lower.
trampstamp, you ascribe too much power and foresight to tptb.
The first and most likely explanation for nearly all of human action is ineptitude.
The second is that the road to hell is paved with good intentions.
Third, and last, is conspiracy. Conspiracies, especially large ones, usually fail.
They are as adrift as everyone else. Recall Geithner swearing there would be no downgrade. He didn't appear to be a dumbfuck to promote a conspiracy. He appeared to be a dumbfuck because he is a dumbfuck.
Remember, Geithner could have simply been lying. S&P could also be in on the game.
I agree with your sentiments though. Usually when conspiracy is the suspect, incompetence is the culprit.
Read what happened after the second dip in the 1929 depression (it was still considered a recession at the time).
We are now in an economic depression as well. History always repeats so if you want to know what's going to
happen let the depression of '29 history be your guide. One hint, FDR attempted to confiscate Gold because it
had become real money and the US Dollar was looked upon as junk.
2.5 trillion debt ceiling raise.....that's not deflation kids.
QE3 as reported yesterday on ZH......again....not deflation kids.
@trampstamp-deflation is a myth. The FED prints money consistently, just some years more than others. The only time there is really deflation is when liquidity in the bond/commercial credit market is frozen, IE Nov 2008. Even then, it is really just a brief anomoly of money in a holding pattern.
But yes, this is a diabolical move. QE3 is a bad move politically, so they will bring the American sheep to their knees until they beg for it and realize they are slaves to the FED and they are the ones running the show. Make no mistake, this country is on its last leg and people better enjoy their consumer-driven lives now because around the corner, they will be worrying about their survival...
Right now America barely knows this is going on. It will take a lot more to bring them to their knees. I'm staying bearish until the masses start cashing in the 401Ks.
PS glad to see your son didn't have to sell you into slavery to meet his margin calls.
@Fred-agreed and my son only has a 'play' account he messes around with. He doesn't actually have real money to spend.
I'm staying bearish until the masses start cashing in the 401Ks.
They've been cashing them in for years, Fred.
Bernanke is an academic stooge. I doubt he's ever made a buck in the market. He's not playing the market right now. He's sharpening his tools for QE3 and waiting to play his "I told you so" rhetoric.
I agreed with you that the FED is manipulating yet again the markets,... I just would like to know where and how are you following up their buy/sell put and call options.
Yup, paper Silver is at a discount but physical Silver is unchanged at my dealers. Even worse, he says that there is a major disconnect with the price of Paper Vs Physical and that the price is now set as to what mood he is in. I hope his Mrs doesnt say no!
Saudi Markets are down 5.5% today (Open for trading on Saturday)
Will the NYSE's circuit breakers be used on Monday? I'm guessing, yes.
How do you say, "Thank you S&P" in Italian?
The whole financail system is Korrupt and Kapput ...
"Why should China — manufacturing powerhouse to the world — accept debased American currency when instead it could sell its goods to Europe, Russia, India or its own domestic market?
There is one answer to that question, and I don't like it much, because it sets a precedent of coercion and belligerence that can only end badly: America's nuclear arsenal."
Love how the price move happens before the downgrade, no doubt some S&P insiders taking the opportunity to trade on this.
Gold to $1700 on the open? There are literally no sell orders on the overnight market on bullionvault. MUhahahaha
$2000 this week?
Hedgies will periodically liquidate on the way up causing $50 shocks here and there to pay down losses on NFLX and LULU but i think a majority may read the macro picture and realize they have to eat losses elsewhere and sit tight on GLD.
It's all pre-arranged. and theater.
Think I'm a conspiracy nut? Okay, fine, but think about this for just a moment:
S&P is a U.S. based ratings agency, subject to subpoena power by the Senate and full Congress.
S&P has made terrible calls, and lacks an iota of credibility, in reality, and the same could be said of Moody's & Fitch .
So, does anyone really, truly believe that any private ratings agency (the David) could do this without approval from Uncle Sam (the Goliath), without complete and total retaliation and destruction in response?
There's a reason that everything looks chaotic and they want to panic everyone again, just like they did in 2008.
They can't use the exact same play they did then, because it's been dissected and analyzed, and too many people (if even only a small % of the population) realize that was a massive scam in order to facilitate the 5.3 trillion dollar transfer of taxpayer dollars to Wall Street and TBTF banks.
So....what purpose does this downgrade serve? It definitely serves a clear agenda. Think outside the box. Think globally. Think about the factual plans that have been directly laid out for all to see, or that have been exposed through leaks or other means.
Gentlemen, everyone should be alarmed, but for vastly different reasons than what they want us all to believe.
This is being done, and with behind the scenes prompting by our very own government, to pave the way for the government to say "oh well, our hands are bound, and we'll be forced to cut spending on social spending now," while our same government continues to transfer the 'savings' from cuts in social programs to TBTF Banks & Wall Street.
Damn that S&P!!! Those bastards!!! "Oh well, sorry, taxpayers and social program recipients."
Wall Street & TBTF Banks take absolute precedent. Watch how the cuts to follow in social programs and taxpayer-to-taxpayer transfer payments get marked to roughly the amount that the Treasury/Federal Reserve used to bail out Wall Street parasites.
Welcome to the non-Hollywood version of The Matrix, and be careful to not bumb your head or twist your ankle when you jump down into the cosmic bunny hole, bitchez.
Not going to argue with your theory, after all it is only an logical interpretation. You do realize that the S&P action does not change anything, i.e. no convenants are breached. It is the next downgrade, (Fitch or Moody) that has real effect. S&P fired a warning shot, no doubt telegraphed from the the Treasury. S&P also made an effort at some semblance of intellectual honesty. albeit in a backhanded calculated manner.
you have to love how a couple of years ago the anger was palpable but now the anger is quelled by trolls. its easy to vent real anger but trully this was almost inconceivable before the trolls came. gotta love the tactics. vent and chill, the enemy has calmed you.
Not sure who you are referring to as a troll in this exchange, please elaborate...
"no convenants are breached. It is the next downgrade, (Fitch or Moody) that has real effect."
keep perspective - at the moment, this is only psychological - on the markets
the next downgrade has legal and technical financial consequences
"keep perspective - at the moment, this is only psychological - on the markets"
The markets are psychologically driven. When fear and panic take over, there is little that logic will do to stem the tide.
Let's see - Moodys the same outfit that rated the CDO/CDS's at AAA. Yeah - that's the ticket.
Good morning Flak,
I have to agree. Anyone one invested in the market has read the writing on the walls. This continues to play into what I have been saying for awhile- it's all about volatility. Money is made on dramatic movements in the markets, especially when you have the inside information to maximize your returns.
The banks need money and the market remains an excellent opague transfer mechanism. Any large movements in gold and silver will be similarly traded. Volatility, volatility, volatility.
Farm Report from Western Ky: very uneven growth from the cycles of heavy rain and high temperatures. Parts of the fields are oxygen starved and not producing. Corn looks small and yields look to be low. The high heat is prematurely killing the corn and starting the dryout before it reaches maturity. Soybeans may be better, but since they were planted late, it is too early to tell.
Hope all s well in your neck of the woods.
Top of the morning to you as well...getting back to ZH after a 2 week sojurn....
Thanks for the farm update.... I fear some of that volatility will be in the price of grains and whatnot this autumn...
Don't worry we have specially modified foods and unlimited fertilizer and energy to fix these problems
Welcome back Flak
yep same here in central ky one field looks great but acroos the road not
Up here in North Dakota the crops are looking very wet , the yealds will be down but i am sure the USDA will spin it differntly so we can sell more corn to china that we have not got . Don't be surprised if we have food problems in the fall that is if we get passed the end of september, good luck to all
While I trust your comments over the years I think you (and many others) miss the main point viewed from a different perspective. I posted this a few minutes ago after my meeting with some very worried people. They feel this . It is the hard truth this is no laughing matter as it trips a few protection switches.
(copy / paste)
Not once has it been said..... anywhere .. It HAS NOT BEEN SAID ....get it.... NOT been said !!!!!!!!!
This is the Worlds Reserve Currency !!!!!!
It has been defiled, Fucked, screwed with, lost its Purity, raped, Buggered, slut fested, gang raped, cherry popped, defiled, debased, royally screwed with, NOT to be Trusted, Not to be tied with, a Whore and a plaything of unclean people.
Oh Baby you are in so Much trouble.
Thanks to ;;
To big to fails
Helicopter wanker nankie
Lobbists (fuck I hate them)
Whats in it for me Congress
Wall st wally wankers.
and a crowd of a thousand hanger on blood sucking Tossers.
Welcome to HELL come Monday.
You are so Fucked!!!!!
Yep, had Americans any sense whatsoever, they'd divide evenly into two groups and raze both K and Wall streets to the ground, but the destruction to come will have to suffice.
It's all pre-arranged. and theater.
I find it hard to believe that they are that smart. However, I am convined that:
** Obama is a Marxist ideolog who really has no clue what the consequences of his actions are. A college professor and community organizer whose whole life has been spent hating the white man and the white establishment that made him wealthy. Some folks believe he is the illegitimate son of Soros. Perhaps, I will not comment on that. However, he does appear to have been cultivated for this job and has been surrounded with like minded Communists and together they feed off themselves. Their goal is the destruction of the America that has so generously provided for them. Yet they do not see the other side of the grassy knoll. The shape and form of the residue of their destructive actions is unknown. When it's over, he will be much wealthier than even the Clintons who made over $100M in the 8 years after leaving office (see Hillary's financial disclosures).
** Soros is orchestrating the fall of American Supremecy and has not a care in the world for the pain he will cause millions of innocents. That is his life's work.
** The rest of the gang is either delusional or outright criminal. It's diffcult to believe that so many highly educated people can be so stupid. So it is appropriate to deduce from their actions that their motives are other than they appear.
Now that I look back, I realize that a life predicated on being obedient and taking orders is a very comfortable life indeed. Living in such a way reduces to a minimum one's need to think. Adolf Eichmann
Give me four years to teach the children and the seed I have sown will never be uprooted. Vladimir Lenin
I once said, "We will bury you," and I got into trouble with it. Of course we will not bury you with a shovel. Your own working class will bury you. Nikita Khrushchev
It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything. Joseph Stalin
In a higher phase of communist society... only then can the narrow horizon of bourgeois right be fully left behind and society inscribe on its banners: from each according to his ability, to each according to his needs. Karl Marx
In America, there's a failure to appreciate Europe's leading role in the world. Barack Obama
Why can't I junk this clown? His rating triangles don't work...
I believe Khrushchev said: We will BARRY you!
Soros learned his heartless, pitiless tactics from the knee of his Gestapo Masters in WWII Hungary where he helped send his fellow Jews to the camps and stole their silverware without conscious. He has admitted to his lack of integrity and principles in public declaring: "someone else would have stolen the wealth if not him".
Obama may be many things but a Marxist ideologue ain't one of them.... Two thumbs down, but nice work on the quotes...
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