Users Online Now:
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
US stock futures waaaaaay down DOOM ON
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Saddletramp:MV8yMDg5MDYxXzM1MTc3Njk2XzhBNzNEMURB] [quote:Children of the Atom:MV8yMDg5MDYxXzM1MTc3NDc4X0YwQ0MwNTNE] [quote:Anonymous Coward 28621700:MV8yMDg5MDYxXzM1MTc3MjA5X0NDMDdERkRF] [quote:Saddletramp:MV8yMDg5MDYxXzM1MTc2NzU2XzlGQjg5Mzg0] [quote:Anonymous Coward 28621700:MV8yMDg5MDYxXzM1MTc2NDIxXzRDREIyRUI5] [quote:Saddletramp:MV8yMDg5MDYxXzM1MTc2MTgxX0IwRkYwNEQ4] [quote:Anonymous Coward 28621700:MV8yMDg5MDYxXzM1MTc2MDAxXzc5RTRFNEU3] [quote:Saddletramp:MV8yMDg5MDYxXzM1MTc1NzAzXzgwMTAzQ0Ew] [quote:Anonymous Coward 16477649:MV8yMDg5MDYxXzM1MTc1NTg5X0FCOTg4QkQ4] [quote:Anonymous Coward 29271249:MV8yMDg5MDYxXzg4MThBMjMw] S&P -26.60 / -1.85% Data as of 8:21pm ET Nasdaq -43.50 / -1.62% Data as of 8:21pm ET Dow -271.00 / -2.04% Data as of 8:20pm ET http://money.cnn.com/data/premarket/ [/quote] :bsflag: [/quote] A BS Flag for quotes...interesting... I think you could see a 500 point or more drop tomorrow...last day of trading before Christmas... [/quote] Saddle, as you know if they want it to drop it -500 tomorrow it will ! [b]The natural price discovery mechanism's have been removed from the market[/b] [b]"[u]entirely[/u]"[/b] The price of everything must be hammered to paint a pretty chart for the chartists to talk about for the next year. Inflation ? What inflation, let's look at the chart ! [b]Priceless[/b] !!!!!!!!!!!!!!! [/quote] That's why I only rarely play equities anymore... As for inflation, the commodity markets have been showing increasing deflationary pressure all this week, and that is a bit worrisome after the Fed's QE4eva program they announced last week. I think the next "inflation" we see could be "Hyperinflation", which is not growth at all, but a total collapse in confidence in the currency... Probably when China finally announces Gold Backing for the Yuan... Still, while they may let the market swing wildly to influence FIscal Cliff negotiations, I still believe the real fireworks aren't until after the 1st of the year... [/quote] I wanted to ask you saddletramp, what your thoughts on the Queeen of England were regarding her tour of the Gold vaults and declaring that it's "all" there...........see. Could the 11 countries that are committed to the implementation of the Basel 3 accord change the tier asset category for Gold from a tier-3 (50% weighting to their balance sheets as an asset) to a tier-1 (100% weighting on the balance sheets) on about the first of January ? Something is up with Gold.........I smell it ! Sooner or later they are going to deploy that Gold they have been hoarding all while poo-pooing it. From Yahoo News AS ONE of 11 Basel Committee on Banking Supervision member countries, South Africa would be ready to implement tougher capital adequacy reforms for banks from next month. Africa’s largest economy has finalised its rules, which were submitted to Finance Minister Pravin Gordhan for approval. The country’s banks join those from Japan, Switzerland and Singapore, among others, that have also raised their capital buffers, the Basel Committee said last week in a progress report. The report was issued after the committee met last Thursday and Friday to discuss the progress of its members in implementing capital adequacy reforms, which are meant to strengthen bank balance sheets. The reforms require global banks to at least triple their capital buffers in stages until 2019. http://za.news.yahoo.com/banks-sa-ready-basel-3-rules-064947248--finance.html [/quote] Basel III is going to be a bigger driver in the economy than Basel II mark to market was in 2008! Some of these banks are going to have to undergo massive deleveraging to get to Basel III standards, and you are right, they are going to have to buy at least enough Tier I assets, like gold and liquid AAA securities and equities to operate for one month in the event that all credit to the bank is "cut off". Sounds a bit like they are planning for something... I think the Queen's tour of the gold vaults on TV was for public consumption, to convince them that they do indeed have some gold still in the vaults when currencies begin to swing from fiat to commodity backed currencies...at a discount from the old fiat currencies of course, ($200 old for $100 new, or something like that). The Queen's tour was a bit too much like the Fed's surprise audit of their gold holdings last year for comfort... [/quote] Thanks Saddletramp as you have been in the company of bankers your opinion hold alot of weight with me. Thanks again !:peace: [/quote] Indeed, if this is what you were implying, it seems to me that this would fleece a lot of their own. The .99% sacked for the .001% [/quote] Well what you have to understand is this, the Elite own 90 to 95% of the commodities, energy reserves, real estate, etc that they will be baseing any currency backing on, so what they lose in "Currency", they will more than make up for on the other end... The ones who will really lose is the savers, the people with Pensions or Retirement Accounts, Fixed Income people, people working a job for a salary... And this system has always been built on the Trillionaires, eat the Billionaires, who eat the Millionaires, it's a constant funnel from the bottom to the top, it used to be that it trickled back down (after the top kept a percentage of course), but now even that has been broken...it's just all straight to the top now... [/quote]
S&P -26.60 / -1.85%
Data as of 8:21pm ET
Nasdaq -43.50 / -1.62%
Data as of 8:21pm ET
Dow -271.00 / -2.04%
Data as of 8:20pm ET
link to money.cnn.com
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Predatory tax lien buyer spreading misery across U.S., but who’s behind it?
Virginia Cops Encouraging Citizens to Take Photos of Other Citizens Taking Photos
CNN Caught Staging News Segments on Syria With Actors
Why Are Key Obama Policies Shrouded in Secrecy?
Where are the FEMA Camps? Right In Front of You
Most Americans Aren’t Getting Enough of this Vital Nutrient
Inventor of ADHD’s Deathbed Confession: “ADHD is a Fictitious Disease”
Iron Mountain- The Blue Print For Tyranny (Playlist)
Scientist Photographed Soul Leaving the Body in Death?
Method of Recording Brain Activity Could Lead to Mind-Reading Devices
FHA To Drop Loan Limits (Lowering The Brad Pitt Mortgage Limit), Hawaii Still The Highest
Student Arrested for Burping During Class
Odds of Alien Life 'Very High,' House Panel Hears
Food-tech startups aim to replace eggs and chicken
ATF used mentally disabled as bait, other rogue tactics in stings across the nation
Will McDonald’s employ $15/hour cashiers?
Google open up users' archives of Gmail and Calendar for downloading
Surprise! Plenty of Obama money for these people Newest plan for stabilizing economy not intended to help U.S
Strange malware thought to communicate over computer speakers
Universe: Top scientists gather in Dallas to dissect space, matter, time
Great pyramids of the gophers? Digging deeper into the Mima mystery
Android to settle with FTC over flashlight app that sent location data to advertisers
Governments Will Eventually Have to Get in Bed with Cryptocurrencies
The Fight to Control the Global Climate
Food safety Supermarkets selling chicken that is nearly a fifth water
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.008s (5 queries)