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Franco
11-01-2011, 08:15 PM
I know about the problems with heavily unionized Greece, Spain and Italy all looking like they are going to default on their loans and the future of the Euro.

But, how the hell does the problems with the Greek people affect the NYSE by 2.5% in one day?

It's not like we export and bunch of USA mfg goods to the greeks.

And, what about the 5 trillion the Federal Reserve had printed in US dollar that was loaned to Euro banks in the last two years?

Something very wrong with that picture!

Buzz
11-01-2011, 08:22 PM
I wouldn't even try, I've been called a dumb ass enough times to last me awhile.

Franco
11-01-2011, 08:43 PM
I wouldn't even try, I've been called a dumb ass enough times to last me awhile.



Take a shot at it, I promise not to call you any bad names.;)

Are we that heavily invested in what the Europeans are doing? How in the hell did we get sucker into that deal?

BonMallari
11-01-2011, 08:56 PM
IMHO there is little difference between the NYSE and the race and sports book at the Hilton...both are legalized gambling,where the house takes their cut, they set the odds, and they control all the variables... the traders are no different than the bettors..its a "rigged" game

where else can a guy like Icahn, threaten a hostile takeover of a company where he is a large stockholder, thereby inflating his own holdings without selling one item that day...

Franco
11-01-2011, 08:59 PM
What if they default on the 5 TRILLION our Federal Reserve loaned to thier banks? The recent two year audit of the Federal Reserve didn't list any collatral. Would we get estates in Switzerland or entire countries like Austria as collatral? Or, would they just print 5 TRILLON worth of Euros and pay us off with that?

:confused:

Raymond Little
11-01-2011, 09:23 PM
I wouldn't even try, I've been called a dumb ass enough times to last me awhile.

Buzz, can ya doit so us simpletons can understand??

I'm all ears

twall
11-02-2011, 09:45 AM
Buzz, can ya doit so us simpletons can understand??

I'm all ears

Not Buzz but, here is my take on it.

We are so close to going over the cliff ourselves that the fall of any domino may topple us!

Tom

road kill
11-02-2011, 09:50 AM
I wouldn't even try, I've been called a dumb ass enough times to last me awhile.

I disagree with much of your ideology, but you are anything but a "dumb ass."


Just sayin'.....


RK

TN_LAB
11-02-2011, 10:01 AM
But, how the hell does the problems with the Greek people affect the NYSE by 2.5% in one day?

Something very wrong with that picture!

I can't say that I disagree. These are some arbitrage moments, for sure. If anything a wise man would take advantage of these opportunities.


IMHO there is little difference between the NYSE and the race and sports book at the Hilton...both are legalized gambling,where the house takes their cut, they set the odds, and they control all the variables... the traders are no different than the bettors..its a "rigged" game..

I sorta agree. Only my viewpoint might be the opposite in that the stock owners are similar to the casino owners in the analogy (the longer you/they play, the better the odds the house will win, but anything can happen with a single roll of the dice).

kjrice
11-02-2011, 12:29 PM
I can't say that I disagree. These are some arbitrage moments, for sure. If anything a wise man would take advantage of these opportunities.



I sorta agree. Only my viewpoint might be the opposite in that the stock owners are similar to the casino owners in the analogy (the longer you/they play, the better the odds the house will win, but anything can happen with a single roll of the dice).

The stock market used to be for raising capital for businesses. Today it it is nothing more than exploited roulette wheel, with the insiders/traders as consistent winners.

Franco
11-02-2011, 12:39 PM
The stock market used to be for raising capital for businesses. Today it it is nothing more than exploited roulette wheel, with the insiders/traders as consistent winners.

Exactly the way I view it and that's why I won't put any of my savings into the stock market. Not until it gets cleaned up of the manipulators.

Look for where most of the Wall St money goes this election cycle and that will identify the pawns that allow it to remain crooked. Or, look at which candidate is most feared by the Wall St. crooks and that will identify who can get it cleaned up!

Having the Federal Reserve act in the interest of Foreign Banks at the expense of the American tax payers is criminal. But then again, the Federal Reserve and our currency/monetary policy is now controlled by foreign banks which is unConstitutional.

BonMallari
11-02-2011, 12:50 PM
Exactly the way I view it and that's why I won't put any of my savings into the stock market. Not until it gets cleaned up of the manipulators.

Look for where most of the Wall St money goes this election cycle and that will identify the pawns that allow it to remain crooked. Or, look at which candidate is most feared by the Wall St. crooks and that will identify who can get it cleaned up!

Having the Federal Reserve act in the interest of Foreign Banks at the expense of the American tax payers is criminal. But then again, the Federal Reserve and our currency/monetary policy is now controlled by foreign banks which is unConstitutional.

its gonna take more than the POTUS to "clean up" wall street....no one person is going to tell a Goldman Sachs how they can do business..if you think RP is going to ride in like some white knight and single handedly do it, you have then lost it....Wall St. in many ways doesnt care who wins, and as long as they have regulators and lobbyists, along with many,politicians , it will take a lot to change the system..in many ways they are like their own country with their own set of rules, with them controlling the banks,and the cash flow..like I said its a rigged game

Franco
11-02-2011, 01:01 PM
its gonna take more than the POTUS to "clean up" wall street....no one person is going to tell a Goldman Sachs how they can do business..if you think RP is going to ride in like some white knight and single handedly do it, you have then lost it....Wall St. in many ways doesnt care who wins, and as long as they have regulators and lobbyists, along with many,politicians , it will take a lot to change the system..in many ways they are like their own country with their own set of rules, with them controlling the banks,and the cash flow..like I said its a rigged game


It's going to take a POTUS that understands the problem. All we have now is politicians looking the other way and a field of candidates that are either a part of the problem or don't understand the problem. That's why they are not talking about it!

BTW, former Goldman Sachs CEO Jon Corizine is being investigate by the FBI for fraud and corruption. ;-)

No doubt that Corizine is gulity. The question is; will the Obama Administration go after more Wall St thieves or will Corizine be made the escapegoat for the coming election.

I'll add that by ending the Federal Reserve, we can end the thieves at both domestic and foreign banks from from having a "free pass" in stealing USA tax payers money.

huntinman
11-02-2011, 02:09 PM
It's going to take a POTUS that understands the problem. All we have now is politicians looking the other way and a field of candidates that are either a part of the problem or don't understand the problem. That's why they are not talking about it!

BTW, former Goldman Sachs CEO Jon Corizine is being investigate by the FBI for fraud and corruption. ;-)

No doubt that Corizine is gulity. The question is; will the Obama Administration go after more Wall St thieves or will Corizine be made the escapegoat for the coming election.

I'll add that by ending the Federal Reserve, we can end the thieves at both domestic and foreign banks from from having a "free pass" in stealing USA tax payers money.


Franco, at some point you have to wake up and realize that Ron Paul will never win one single primary where voters actually vote privately in a voting booth. He may get a straw poll here and there, but no "real" elections... The dream is just that... a pipe dream. The average person thinks he is a doddering old fool who can't complete a sentence without changing the subject. And I know lots of folks much older who are much sharper than RP.

BonMallari
11-02-2011, 02:37 PM
It's going to take a POTUS that understands the problem. All we have now is politicians looking the other way and a field of candidates that are either a part of the problem or don't understand the problem. That's why they are not talking about it!

BTW, former Goldman Sachs CEO Jon Corizine is being investigate by the FBI for fraud and corruption. ;-)

No doubt that Corizine is gulity. The question is; will the Obama Administration go after more Wall St thieves or will Corizine be made the escapegoat for the coming election.

I'll add that by ending the Federal Reserve, we can end the thieves at both domestic and foreign banks from from having a "free pass" in stealing USA tax payers money.

do you honestly believe that politicians are "looking the other way"...many are bought and paid for and they vote and look into what they are "instructed" to do by those that lobby them..they are dumb like a fox in the hen house....

as for Corzine being guilty...I will let him have his due process, before I pass judgement...the only thing he may be guilty of is being an arrogant,fool that thought he could get away with misusing private funds to hedge something else...

Franco
11-02-2011, 03:22 PM
do you honestly believe that politicians are "looking the other way"...many are bought and paid for and they vote and look into what they are "instructed" to do by those that lobby them..they are dumb like a fox in the hen house....

as for Corzine being guilty...I will let him have his due process, before I pass judgement...the only thing he may be guilty of is being an arrogant,fool that thought he could get away with misusing private funds to hedge something else...

Yes, because they are bought and paid for as I indicated in my post.

Corzine was hedging against a product his own company was selling as a great investment!

Franco
11-02-2011, 07:56 PM
Franco, at some point you have to wake up and realize that Ron Paul will never win one single primary where voters actually vote privately in a voting booth. He may get a straw poll here and there, but no "real" elections... The dream is just that... a pipe dream. The average person thinks he is a doddering old fool who can't complete a sentence without changing the subject. And I know lots of folks much older who are much sharper than RP.

AS an American, I will support whomever I think has the solutions to the problems!

I can't see supporting candidates I don't believe in or trust in the pre-Primary Season.

What I hate about the current Cain situation is that it takes the mass media's dialog off the much more important issues. And, in my book, if it wasn't for Ron Paul, those issues wouldn't even be a part of any debate.

Which candidate has;

Warned us about the dangers of the Fed Reserve for years?
Was againts political intervention in Iraq and A'stan?
Who better to evaluate Health Care than a doctor?
Which candidate truly embarsses the Free Market approach?
What candidate spoke out against massive bailouts?
Who's been talking about "government too big" the longest?
Whose Foreign Policy best suits the needs of the USA in 2012?
Which candidate's budget calls for over a TRILLION cut in the first year?
And, want to abolish the IRS?




there is more but you can attmpt to discredit the above.

have at it!

Goose
11-02-2011, 10:00 PM
Greek 1-year paper yields 225%. Anybody own any of it? It sure beats a bank CD. Where else can you more than double your money in 6 months backed by the full faith and credit of the Greeks:)

I hope they nail that MF'er Corzine. He defines evil. Another bankster pal of Obama.

Keep your pantry stocked. Maybe it's just me but it seems like things are starting to move faster.

We live in Cuba now.

Franco
11-03-2011, 09:16 AM
Greek 1-year paper yields 225%. Anybody own any of it? It sure beats a bank CD. Where else can you more than double your money in 6 months backed by the full faith and credit of the Greeks:)

I hope they nail that MF'er Corzine. He defines evil. Another bankster pal of Obama.

Keep your pantry stocked. Maybe it's just me but it seems like things are starting to move faster.

We live in Cuba now.

That is because the Federal Reserve's policy is to protect the banks and not the American people. With the Fed keeping interest rates artificially low, it helps the lenders(banks) and punishes the savers(US tax payers).

I place all of my extra cash in a money market account. Last time I checked, that money was eraning 1.5%! The money I earn on an annual basis wouldn't buy me a carton of smokes. Someting very, very wrong when folks that save money can't earn anything on it and I'll be damned if I'll put any of into a rigged stock market.

Our government needs to stop attempting to pick winners and losers because when they do, we all lose!

kjrice
11-03-2011, 10:43 AM
That is because the Federal Reserve's policy is to protect the banks and not the American people. With the Fed keeping interest rates artificially low, it helps the lenders(banks) and punishes the savers(US tax payers).

I place all of my extra cash in a money market account. Last time I checked, that money was eraning 1.5%! The money I earn on an annual basis wouldn't buy me a carton of smokes. Someting very, very wrong when folks that save money can't earn anything on it and I'll be damned if I'll put any of into a rigged stock market.

Our government needs to stop attempting to pick winners and losers because when they do, we all lose!

I decided to roll some money out of an old 401k into an IRA and back in the market. This time investing is at my discretion and of my friend(broker). I made 15% while the company 401K, managed by whomever at the time, lost 12% in the same period. Funny how nobody talks about the mismanaged 401k company scam too.

Tman22
11-03-2011, 11:31 AM
America, helps everyone, pays for everyones elses mess, but we get no prepayment or help with ours. Heck we go in blow up a contry and then we pay to rebuild it with our money. With all the oil in the ME we should of been able to pay off china by now. POLITIS have ruined this contray run by people how only care to line there pockets.

Colonel Blimp
11-08-2011, 06:12 PM
Someone Explain The Euro Financial Mess

First off the mess isn't financial, it's political. The financial f*** up is a result of failed politics.

The Euro is a wholly artificial construct not designed to aid trade, but to push countries deeper and irrevocably into a Federal Europe. That's why the UK kept out of it.

The majority of the people in the Eurozone don't want Federation, but the largely unelected (and un-removeable) politicos do, and it's them who pushed the project along, in my view without regard to the economic realities. They either didn't understand or didn't care but either way it's bitten them in the arse.

Greece isn't a modern democratic capitalist state such as France or Germany; it's a deeply corrupt shambles which is unable to function without support from outside. In the days of the drachma they could devalue the currency (and frequently did) to paper over the economic cracks, now they can't. M. Sarkozy said a few days ago that Greece should never have been admitted to the Euro and he's right but a bit f****** late to realise it.

Even if a bailout / fudge / bent loan can be organised, Greece will still be a deeply corrupt shambles and unable to function without support. The logic is to let it go, but that would show up the fault lines in the Federal ambitions, so it won't happen this time, but probably will the next. The good people of Wolfsburg aren't willing to work shifts nailing wheels on Volkswagens so their taxes can support idle bastard Greeks fiddling the olive oil subsidies.

Italy is the runner up in the Corruption Stakes, and it's also a scarcely functioning democracy, with tiny growth, huge debts and an incompetent political system. Anyone who has attempted to do business in Italy knows the truth of this. Watch this space.

Frankly I'm delighted the federal project appears to be going tits up and so are my shooting and doggy chums in Germany and France.

I feel better for that!!

Eug

A bit from "The Telegraph" http://www.telegraph.co.uk/news/worldnews/europe/greece/8714615/Greece-Its-the-corruption-stupid.html

Franco
11-09-2011, 06:02 PM
Thanks Colonel.

The USA isn't much different today than continental Europe in dealing with financial issues. Instead of addressing the real problems like currency manipulation, we both prefer to address the symptoms.

.....................

We're seeing the beginnings of a global economic seizure already. Germany is on the cusp of, if not already in a recession. Italy can't issue bonds without paying yields normally reserved for third world nations. Just today Italian bond yields hit crisis levels rising above 7%. None of these things can be stopped without someone stepping in and laying out a plan of action for the European Union.
Without a plan, even a flawed plan, Europe will simply close for business on an International basis. If and when that happens, the whole world will freeze right along with it. The deeper we go into this disruption, the lower corporate earnings throughout the world will be. The lower the profits, the fewer the jobs, until no company on earth can predict with any certainty what their business will look like tomorrow.

http://finance.yahoo.com/blogs/breakout/european-crisis-fears-sink-u-stocks-212918039.html