. September 7, 2011 SouthAmerica: Reply to Eliot Hosewater I agree with Niall Ferguson that we are entering a new period when the current new great depression will make the global economy really implode just like in the 1930's. And this time around we are not going to have the government safety nets to try to hold the major economies from going down into the abyss. But I still think that the Germans will come up with the necessary solutions to keep Euroland going in the coming years, because of the reasons that I mentioned below as follows: Here is what I wrote over one year ago here on the Elite Trader Economics forum regarding the euro demise: Central Banks and the US Dollar http://www.elitetrader.com/vb/showthread.php?s=&threadid=81958&perpage=6&pagenumber=71 ...05-16-10 01:44 PM May 16, 2010 SouthAmerica: Today, there are some fools who are predicting the demise of the euro. The euro is here to stay, and will continue to be one of the major international reserve currencies. You can bet on that!!!!!! In the last 10 years I wrote many articles and I also have been posting the same type of information here on the Elite Trader Forum â and I find fascinating how nobody is talking about this subject on the mainstream media. Anyway, you donât need to be a rocket scientist to figure out that if the euro system disintegrates - as some fools are predicting â the independent countries with their old currencies will be extremely vulnerable to speculative attacks from the hot money as never seen before. It is foolish even to contemplate going back to the old currencies for the countries that makes Euroland such as France, Germany, Spain, Portugal, and so on⦠With the amount of money that moves around the world at the speed of light on a daily basis, and the amount of money keeps growing year after year - the amount of daily currency transactions in the global markets are in the trillions of dollars and the hot money moves faster and faster all the time. It does not matter how the current euro crisis is resolved, at the end of the day all these countries that are under the euro umbrella are better of than if these countries returned to their old currencies. The countries that belong to the euro system have to refine and fix the problems that are coming up regarding their currency system â But there is one thing that you can bet for sure: thereâs no going back to the old currency system prior to 1999. If you think the euro monetary system is going to collapse and meltdown, then you are a fool. I am sure that the Germans will figure out how to fix the euro monetary system â and in the coming years the euro will continue to grow as a major international reserve currency. The problems that they are having in Euroland with Greece, Portugal, Ireland, and Spain, are nothing compared with the problems inside the US dollar currency system â California, New York, Michigan, and many other states in the USA are becoming real basket cases â and these are the main pieces of the US economy. ***** Central Banks and the US Dollar http://www.elitetrader.com/vb/showthread.php?s=&threadid=81958&perpage=6&pagenumber=82 ...Keep in mind that the ball game has changed in a drastic way since 1995 when a little over $ 1 trillion dollars moved around the world on a daily basis, and that was a time before the euro. Today we have a much complex international market with the amount of money that moves around the world at the speed of light on a daily basis, and the amount of money keeps growing year after year - the amount of daily currency transactions in the global markets in 2010 it is estimated to be around US$ 4 trillions of dollars. As I have been saying on my articles for many years: âToday the amount of hot money that the international speculators have under their management is becoming mind-boggling. The amount of daily currency transactions in the global markets is in the trillions of US dollars. Countries are losing their capability of defending their weak currencies from the foreign attack of these international money speculators. It is getting easier and easier for these international speculators to destroy the entire economy of countries such as Russia, Indonesia, Malaysia, Thailand, Korea, Argentina, and Brazil, all they have to do is destroy their currency and these economies have a complete collapse. It is a form of modern economic warfare. These countries don't have the economic reserves necessary to defend their currencies from foreign speculative attacks." In a Nutshell: It is getting easier and easier for these international speculators to destroy the entire economy of countries such as Russia, Indonesia, Malaysia, Thailand, Korea, Argentina, Brazil, Greece, Portugal, Ireland, Spain, and so onâ¦all they have to do is destroy their currency or torpedo their government outstanding debt, and force these economies into a complete collapse. It is a form of modern economic and financial warfare. .
. Ed on Facebook asked me the following question about the US dollar: "Its funny how I'm reading articles saying that the dollar is in trouble and we have debt as a country. None of this is new. We've been building our debt for years and years and the dollar has been falling for sometime." ***** September 7, 2011 SouthAmerica answer to ed from FB: Ed, here is my answer for you: Titanic = US dollar http://www.youtube.com/watch?v=8wTlureUMP8 http://www.youtube.com/watch?v=6Z7REEnwKOQ ***** Bismarck = Euro http://www.youtube.com/watch?v=KecIdlEAKhU http://www.youtube.com/watch?v=VPppKecj-aI ***** Keiser Report guest Mike Maloney on gold silver and trashed currencies â September 3, 2011 http://www.youtube.com/watch?v=2rJspP6q3g8&feature=player_embedded .
September 9, 2011 SouthAmerica: The correlation of US stocks highest since 1987 crash. Financial Times (UK) â September 9. 2011 âCorrelation of US stocks highest since 1987 crashâ The correlation between the movement of big US stocks is at the highest level since Black Monday in 1987, with price moves increasingly driven by the ebb and flow of investorsâ fears over the economic environment. Stocks, in theory, should move in individual directions based on company fundamentals. But markets of late have been characterised by mass selling alternating with waves of buying, as investors upgrade or downgrade the risk of the US slipping into recession, or a financial crisis sparked by a European sovereign default. The correlation between the biggest 250 stocks in the S&P 500 over the past month has reached its highest since 1987 this week, at 81 per cent, according to JPMorgan figures. This means those stocks move in the same direction 81 per cent of the time. The historical average is 30 per cent. The measure peaked at 88 per cent during the October 1987 US crash, when the Dow Jones Industrial Average fell 22 per cent in one session. Other recent spikes in correlation, including the âflash crashâ in May last year and the.collapse of Lehman and the Japanese earthquake, peaked at about 70 per cent but quickly fell away. The unusually high level of correlation this month has raised speculation that markets could repeat the aftermath in 1987, when relationships between stocks did not return to their historical norm until several months later, in March 1988. âThat was thought to be a freak event,â said Marko Kolanovic, head of derivatives strategy at JPMorgan. The extreme correlation might drive additional trading en masse, said Dean Curnutt, president of Macro Risk Advisors. Traders might be forced to cut positions due to rising volatility in indices such as the S&P 500, a result of their member stocks moving in one direction. âThereâs a circularity that is sustaining correlation and volatility,â he said. âBy mandate, many traders have to pare back their positions when high volatility means they are exceeding their value-at-risk limits. That pushes correlation higher.â The CBOE Volatility Index, the barometer known as the Vix that is a gauge of fears of turbulence, has stayed above 30 in every session since early August. That is the longest such stretch since early 2009, when the market was plunging to its post-crisis bottom. Marko Kolanovic, head of derivatives strategy at JPMorgan, said correlations might still decline, due to trading algorithms and high-speed trading strategies that react to such unusual moves. Sustained volatility could have an impact on capital markets. Groupon and Zynga, two highly anticipated social networking IPOs, have postponed offerings this month due to volatility, according to people familiar with their thinking. ***** The New York Times - September 5, 2011 1937 â By Paul Krugman http://krugman.blogs.nytimes.com/2011/09/05/1937/?scp=3&sq=Paul Krugman&st=cse .
December 9, 2011 SouthAmerica: The First Great Depression of the 21st Century is underway and getting worse by the day. Webster Tarpley: Psychotic US-UK Ruling Elites Push Russia, China to Brink â December 8, 2011 <iframe width="560" height="315" src="http://www.youtube.com/embed/4rizwEmMQks" frameborder="0" allowfullscreen></iframe> Alex Jones: Gerald Celente â December 8, 2011 <iframe width="560" height="315" src="http://www.youtube.com/embed/ZnxB77G9XcI" frameborder="0" allowfullscreen></iframe> .
December 9, 2011 SouthAmerica: All you need to do is connect the dots..... The Origins of the American Military Coup of 2012 http://www.elitetrader.com/vb/showthread.php?s=&threadid=232396 .
June 1, 2012 SouthAmerica: The First Great Depression of the 21st Century it has been underway for a while, and it is getting worse by the day. Capital Account â June 1, 2012 Lew Rockwell on Crooked Elections, Crooked Markets, and Crooked Numbers <iframe width="420" height="315" src="http://www.youtube.com/embed/v-VphZob-wo" frameborder="0" allowfullscreen></iframe> Welcome.It's June first, but already, the Dow has wiped out its gains for the year. European stock markets in the meanwhile have been on a steady decline since mid-March of this year, with markets in Greece, Spain, and Italy already having broken through their 2009 lows and French markets very close to breaking new ground as well. Meanwhile, the latest slew of data, not just in the US, but around the world is pointing to a global slowdown. This is particularly alarming, as the global economy has been on life support, with central banks the world over throwing everything PLUS the kitchen sink at financial markets with negative real interest rates, quantitative easing and fiscal stimulus. What exactly is left for them to do? Buy stocks??? Now...CONTRARY to popular belief, the bailouts of 2008 were LESS about the money spent by governments, and MORE about the confidence inspired by the notion that governments and central banks could, through their open market operations and helicopter money drops, prevent - INDEED REVERSE - the economic contraction that was then well-underway. Now, that confidence seems to be eroding at an alarming rate. The markets have already left the equities party, looking for safety in German Bunds, US Treasuries, and Gold, while borrowing costs for countries like Italy and Spain have already pushed their respective governments to the point of effective insolvency, forcing the ECB's monetization engines to work overtime. But this hasn't perturbed our global policy elite with their collective Atlas complex from going back to the monetary wishing well for more of the same medicine that has been poisoning the patient since the onset of the crisis, and well before. When will they learn that no amount of talk or action on the part of a narrow group of bankers and politicians can solve the problems of too much debt and malinvestment? ***** Let me repeat one more time: In a Nutshell: The global banking system is at the edge of the abyss, and we would have a massive global financial meltdown, if they were not trying to play games with the figures, and trying very hard to hide their massive losses the best way they can. During the great depression of the 1930's we had the stock market collapse of 1929, then in the following 3 years the stock market bounced back, then in 1932 started the real nasty decline that sunk the stock market and the US economy into the bottom of the abyss. Today, we have reached that special 1932 turning point: the point where the stock market and the US economy it will sink like the Titanic. What I am saying is: it does not matter who will be the next president of the United States, because we are entering the catastrophic phase of the new great depression similar to the period from 1932 to 1940. We are going to have real rough years ahead of us. It's not going to be a pretty sight. You can bet on that!!!!!!! By the way, this new great depression that is underway, it will be a lot worse than the great depression of the 1930's. You might be wondering why the US mainstream media has not been using the term âGreat Depressionâ to described what has been going on in the economy of many countries all over Europe, and in the United States? Only few years in the future they will look back to this period that we are going through, and then they will start calling this period the âFirst Great Depression of the 21st Century.â My guess is that in 2012 we will have another massive global financial meltdown worse than the one we had in 2008. We never had before so much government interference and manipulation on the financial markets the way that we have today, and it is hard to predict what would create the spark that would blow up the entire global financial system â but that could happen at any time. .
Hi SA. Good analysis. Sounds like we're back to 2008⦠but this time it's not just a regular hangover but the hangover you'll expect after many days of getting back on the wagon to get rid of yesterday's hangover and suddenly (in the most unexpected moment) you're out of money n the barman kicks you out⦠Enjoy this video. http://mobile.bloomberg.com/video/93803831-el-erian-global-leaders-are-losing-control.html
very accurate like always .where are the smart one's that disagree with you SA ? i'm sure they are in hiding now. bp
This thread was started in. Feb 2009 and is calling for econmic collapse Only you could have made hundreds of millions of dollars buying market the moment this thread started Just one page back. "they are going to pull the plug financially and institue martial law in the first qtr of 2012" - in a video just a page back Market rallied almost back (somewhere NEAR all time highs) - You see? If you keep calling for something eventually you will be right!! All that is happening is people are trying to spread fear to you readers... And you will lose money Trading on ANYTHING you have read in this post!! (go re-read yourself and place bets with your money) And the worst truth is you could have made money doing the oppisite, and if full econ collapse happens everyone is F-d anyway Whats really happening Market setting up for a repeat of last summer. The market will bottom again wiping out all the suckers. Then once it does and all the econ numbers will be at their WORST when the big players will begin BUYING. then we will slowly creep back and NOONE will believe it.... By the time they notice the UPTREND they will be too scared to buy it. Then the next thing you know we are approaching all times highs on the SPX 1500. Then this post goes dead for another year Then south america qoutes my line or someone elses and makes it look some sort of news line... Hot off the press like he is bloomberg giving you inside info Let me be nice explain if im wrong what will happen (how bad) -instead of market bottom at around 1200 in lets say AUG (for convo sake) -we bottom at 1100 -or below 1000 Either way we bottom then rally (things get better. Its NOT the end of the world.) Dont be the fool who walk around until 2020 saying that we are going to death camps when normal people are making money living their lives.... And normal Traders bought the market and are making money Again. according to this post you read here We go below 1k SPX and you are going to a death camp