Posted on 07/25/2011 7:34:44 PM PDT by blam
If they haven’t already done so, wouldn’t it be a simple matter for the Chicoms to see this player and burn him. After all, they and the Brits are the largest holders of US debt. And they also have the cash to swamp anything the shorts can throw at them.
Crazy people ... that is an insurance policy for someone who is long futures or cash treasuries. If you were long knowing that the global economy sticks and rates are going to be near zero for a very long time. Buying the puts is to protect that long position. I recommend that traders start accumulating TYU 126 calls [ten Year Note 126 calls]on any sell-off. Once this debt ceiling is solved, and it will be, the focus is going to turn toward our sub-2% growth rate, increasing unemployment claims and cratering European debt crisis and we will realize the real problem. The second half of this year is going to be ghastly for the economy.
well Merry Christmas to you too
“I agree we need to loose the AAA rating and IT WILL HURT US ALL.”
My construction business was never so good and my private realestate dealings were never so profitable as when interest rates were 18% under Carter.
Can’t wait for it to happen again!
You’re suggesting Treasuries will be the safe haven?
Anyone who doesnt think we are going to lose our AAA is S T U P I D.
In short, they are easily the most ruthless investors since Joseph P. Kennedy, Sr., who deliberately drove the stock market down to unprecedented levels in the early Great Depression so he could buy things like prime real estate at "distressed" prices and sell them later for immense profit (didn't he sell a bunch of prime real estate in New York City in the middle to late 1930's for this very reason?).
Armageddon? Well not quite, but we are looking at some very hard times coming.
I think that we are at the very least in for a collapse much like that of Argentinas ( http://www.youtube.com/watch?v=7yerKMQc7-w&feature=grec_index), but as a armed society with a very large entitlement minded population our collapse will be much more violent and I see many many small business wiped out by flash mob looting, and large scale violence (look at what happened just this past Memorial Day and 4th of July weekends)we are seeing these mobs grow bolder and bolder like:
Chicagos CBS 2s Jim Williams reports, the problem of mob attacks downtown is much bigger than the weekend beatings, according to beat cops who wanted to remain anonymous.
And its not just Chicago, but Washington DC, Las Vegas, St Paul, Philadelphia and on most major big Blue cities are increasingly reporting such flash mobs and gang muggings. Look what happened just this past weekend in Peoria, Il:
http://peoriachronicle.com/2011/06/25/peorians-living-in-fear/
Teenage Flash Mob Robberies on the Rise:
http://www.foxnews.com/us/2011/06/18/top-five-most-brazen-flash-mob-robberies/
Rash of violence isnt flash mobs, its wilding
http://www.suntimes.com/news/roeper/5826624-417/rash-of-violence-isnt-flash-mobs-its-wilding.html
Teens in a mob assault and rob Center City patrons
http://www.philly.com/philly/news/20110629_Teens_in_a_mob_assault_and_rob_Center_City_patrons.html
Milwaukee Police Go Barney Fife On Mob Attacks
http://www.620wtmj.com/blogs/jeffwagner/125017329.html
Milwaukee Mob Victim Recalls Beating ... Oh, White Girl Bleeds a Lot
I see what I call Pocket Pogroms taking place in many big Blue cities and if you arent a 0bamamite yute or one of Holders People its going to get Reginald Denny bad for you very quickly.
For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpfull. You can download it at:
http://www.tomeaker.com/kart/preparedness1i.pdf
For those of you who havent started already its time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.
As the LDS say When the emergency is upon us the time for preparedness has past.
Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3
There is no greater disaster than to underestimate danger.
Underestimation can be fatal.
So who took the other side of the trade?
G.E.O.R.G.E. S.O.R.O.S.
Does Zero still have that large portion of the second stimulus, that he was holding onto?
You’re recycling old news.
The Chicago cops some weeks ago waded into a “flash mob” and sent 12 thugs to the hospital.
In South Carolina, 6 thugs who beat up a white kid were charged under the state’s anti-lynching law and are facing 20 years in prison. The SC Supreme Court recently expanded the state’s castle doctrine. It’s open season on obuma thugs in SC.
The thugs are scared and hiding.
There will be no austerity. It's not politically feasible.
Politics and reasoned macro-economics are mutually exclusive.
Absent taking ALL economic decisions out of the hands of all government officials, we are certainly doomed.
When we crossed the threshold from "fiscal and monetary policy" , wh9ich were bad enough, to: "Quantitative Easing"...we jumped the shark.
That's not to say QE is the thing that brought us down. It's to say we crossed a threshold where people expect, and governments attempt to create reality from an unrealistic position.
Their motives are good but their knowledge and wisdom are severely lacking.
Not sure why we’re launching so much anger at whoever it was who placed this bet isn’t at fault. Maybe it was Soros, maybe it was Bill Gross, it could have been anybody with enough common sense to see the writing on the wall. They aren’t the ones causing our AAA downgrade.
The elected crooks in Washington are at a fault for their reckless spending, not the person who bet on it.
OK how about some updates then?
Kent shootings shift police focus to gang violence:
http://seattletimes.nwsource.com/html/localnews/2015728862_kentshooting26m.html
Five dead, 19 wounded in weekend violence:
http://www.suntimes.com/6449363-417/five-dead-19-wounded-in-weekend-violence.html
Six Teens Arrested in Weekend Robbery and Assaults:
http://www.nbc29.com/story/15142773/six-teens-arrested-in-weekend-robbery-and-assaults
Would you like more examples?
The list, ping
Let me know if you would like to be on or off the ping list
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