Tuesday, June 26, 2012

"It is 50-50 whether the euro zone breaks up," Soros says. "The damage that breakup would cause is so great, that I think that as people realize it, they will pull back from the brink."

He told the Financial Times that "we are at the brink now ... a solution has to be found in a matter of days."

If “Greece has to borrow at 6 or 7 percent, it cannot make the target,” Soros says. 

“The IMF is in the business of making emergency loans with conditions and that is what Greece needs.”

Soros notes that “having a common currency was very sensible for a common market,” but added that if “the political will to keep Europe together” is lacking, disintegration is the most likely result.

“Currency traders find it very difficult right now to speculate because public opinion is very much aroused,” Soros observes. “If I were running a hedge fund now, I would be wary of making money because the political consequences would be too severe.” 


 Soros Warns Europe of Disintegration Over Greece 



Is it really THE WEEKEND OF DISINTEGRATION??  Don't get caught up in the noise. This is theater. There is no solution. There is only chewing gum. You know.......chewing gum......remember the movie with Chevy Chase and the dam springs a leak and he stops and puts chewing gum in the leak and walks off and two more leaks pop up. Unfortunately that is the analogy of where we are. You may wish to come up with your own solution. Maybe we should just completely stop printing and abolish the central bank system immediately. Maybe that is the solution but I do know I do not have the answer and will not spend my valuable time left on this planet elevating my blood pressure and alienating everyone around me by trying to change this ingrained sick and degenerative system that the sheep have helped the PTB to get into place. Unfortunately this power structure will not be turned over without tremendous sacrifice by those that are enlightened. It is coming but Mr. Soros is NOT predicting it in real time but he is trying to influence his trade. Make no mistake Mr. Soros is still in the hedge fund business and he needs Central banks to create fiat and money. He knows and accurately points to the danger of collapse for the elite. Not only the elite but for many of us that don't view ourselves as the elite but will be identified as that elite class if breakdown does occur. In fact elite may be identified as those with food. Many of us that have some degree of wealth and success will find ourselves cheering for marshal law and curtailing our own civil freedoms to save our own skin.That is what is designed. This is what a spiraling collapse will look like for many countries as "the breakdown" accelerates. Of course order can and most likely will be re established but at what price.With chaos comes opportunity. Soros knows this. He has seen hell first hand and knows the evil that exists in man. Soros knows if Europe goes into nationalism that we are going to see some serious pain before we get to whatever is on the other side. He doesn't know what that is and neither do I. So pay attention to the things that you can control. Your family, your friends, and people you CAN help.You can educate. I still say that I like my miners and physical gold and silver. The rest is all noise. The trade is still under control but when reality hits and the fiat music stops there will be a rush to gold and silver that will set your hair on fire. Its coming and its not that far off. I still know people that know this and do not even own one ounce of gold or silver. I'm still shocked. They will rush to get there hands on physical one day but it won't be there...at least not in the price they could have bought it at earlier. Just keep stacking those greenbacks. You aren't wanted in this trade, but don't feel slighted.....its the game. gl



31 comments:

  1. Found the third link posted on ZH yesterday and went back last night found and read the first two, if you want to educate the uneducated or unwilling then send them these links. All are written in simple speak and a gives the current timeline of events that almost anyone can understand as we are all living in it!

    It’s all been discussed here over time, well worth the time IMHO.

    Part1

    http://www.theburningplatform.com/?p=35850

    Part2

    http://www.theburningplatform.com/?p=36196


    Part3

    http://www.theburningplatform.com/?p=36198

    “In fact elite may be identified as those with food. Many of us that have some degree of wealth and success will find ourselves cheering for marshal law”


    Well then, I guess it was you who ordered those “Drills” in Armored Vehicles last week in your neck of the wood’s ……… hehehehehehe


    All kidding aside your 100% correct, taking current events to their logical conclusions as they currently stand,its downright scary and depressing………

    FWIW, Sis I have a boat load of RIC as well, I feel your pain!

    ReplyDelete
    Replies
    1. yup...conditioning the peeps with fear induced disorder will have the peeps DEMANDING marshal law....hehhehehe....oh its just soooo easy....hehhehehe

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  2. As they asked over at Silvergoldsilver, "how did they let this air?"
    http://www.silvergoldsilver.com/index.php?option=com_content&task=view&id=575&Itemid=9

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    Replies
    1. yeh..its viral on the net...alex jones was all over it .....my guess all of those guys have been biatch slapped

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  3. "In Part 2 of this three part series I will examine who stole your net worth and in Part 3 why they stole your net worth. Part 4 will require pitchforks, torches and a guillotine."

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  4. Here is a link to another Soros interview about Europe. Here, he is clearly targeting Germany.

    http://www.spiegel.de/international/europe/george-soros-says-germany-must-change-course-on-euro-crisis-a-841061.html

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  5. they do NOT want a nationalistic Eurozone.. they know how that plays out......if the eurozone goes trouble will follow

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  6. "If you don't like gold and silver here then by definition you like paper currency"........John Embry hehehehe my reply to John is ...OF COURSE ......that's why they have to be hammered by the ponzi.. they do not want to lose their current fiat arrangement. So wring your hands but IMO when this plays out you are going to see a real superspike on the next leg up ...so good luck if you are waiting for that perfect "here is the bottom and now is the perfect time to buy"

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  7. any more dips on ZLCS and I'm buying...in fact my order is in...

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  8. if you bought every dip in OSIR and sold or held, you would have some great profits...

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  9. Hi, honest. Played zlcs for +17% last week. Also, everyone look at the price of corn +5% today alone. But there is no inflation. Right, Kli, keep stacking the fiat.

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  10. sister, I think ZLCS will hit 2.20-3 by sept...1.07 hit today and that is 50% fib retrace of previous move...

    so I'm buying down here...

    scary chart for those who can handle truth..this is why physical is nice to have
    http://www.oftwominds.com/photos2012/income-by-age2-12.gif

    who's going to buy all these high priced homes?

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  11. Honest this being my first bio it's crazy to me all these posters etc that do not hedge with options! If you're going to gamble heavy at LEAST buy some puts. And honestly I think the way to play the bios is to bet small obviously, and if you want the leverage just buy calls or puts, no need to bet the farm! The yahoo boards are ridiculous.

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    1. Hubz, probably why you were a little gun shy in trading bio right?

      I really never put a big order on....too much manipulation with bio...but their are patterns and big volume on low floats is my tell...

      last winter I noticed the sector beaten down over the last 2 years the most was bio, thus I started scanning for opportunity on rotation...

      I usually scalp on timeline, plus if volume falls off, take profit..I've held OSIR and ARNA from lows because of grand slam possibility which so far is looking good...ARNA is just being abused by hedgies right now..

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    2. Low floats are awesome on these kinds of stocks. Shorts get absolutely slaughtered if it turns against them. Brutal stuff! I may have to gamble on some other bios down the road but only those with options really interest me. I like being able to bet $1k with potential payouts of $5k-$10k :)

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    3. Whatever happened to Palmer here?

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    4. Approved! :) Hope we make some bucks Honest, Thanks for the tip!

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    5. How are your options looking:)

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    6. Down ;( $12 and $13 strikes lost their IV big time after that. Now trying to figure out if i should take the loss or wait out and see if this thing runs at all. What a bummer!

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  12. Thanks for the chart...missed the good entry. Keeping an eye, this is one to trade, esp at this time of yr. How convoluted can they get: http://www.nytimes.com/2012/06/12/opinion/brooks-the-follower-problem.html?_r=1&scp=3&sq=David%20Brooks&st=Search The sheeple just aren't sheepish enough! Yes! They don't recognize authority, that's the problem. I cannot imagine getting paid to write this total (BS) nonsense.

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    Replies
    1. A glimmer of hope ... many of the comments are very good...

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  13. One of the problems with digital fiat...

    Fraud Ring In Hacking Attack On 60 Banks
    Some 60m euro is stolen from bank accounts in a massive cyber raid, after fraudsters raid dozens of banks around the world.

    http://news.sky.com/story/952931/fraud-ring-in-hacking-attack-on-60-banks

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  14. I read 2 billon and counting. Prolly RBS got hit hard and the accounts are scrambled eggs.

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  15. Love the Barclay's articles. To be fair, not sure they actually manipulated them. Other banks involved are Citibank, HSBC, RBS and UBS. And of course, no criminal charges filed yet.

    http://finance.yahoo.com/news/barclays-pay-453m-rate-manipulation-175753830.html

    '"This thing was about smoke, mirrors and sneaky backroom dealings with potentially dangerous effects on the world economy," CFTC Commissioner Bart Chilton said. "There has to be a sturdy firewall" between traders and bank employees who submit proposed Libor settings, he said. '

    ...

    '"Barclays' misconduct was serious, widespread and extended over a number of years," Tracey McDermott, acting director of enforcement and financial crime at the British agency, said in a statement. "The integrity of benchmark reference rates ... is of fundamental importance to both U.K. and international financial markets. Firms making submissions must not use those submissions as tools to promote their own interests."'

    'Barclays President Bob Diamond also announced he and three senior bank executives were waiving any bonus for the year as a result of the case. '

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  16. ARNA...ZLCS...Honest credit guy wants all people to bask in glow of winners...

    I will now call myself by my indian name

    little man whom wants to help people beat the pigman...

    just joking all, time to get back to real work...cheers

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  17. OK, I really rolled the dice today. I bought some Goldman Sachs puts near the market close and I'm holding them overnight.

    1. My charts told me to.
    2. That article about the Russian hackers stealing 2 billion said they were targeting high value accounts. Goldman is flush with high value accounts.

    Wish me luck.

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    Replies
    1. GL - but don't be surprised if the hackers are GS and making boatloads!! ;-) And as per usual, if found out,they will settle without an admission of guilt. LOL

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    2. If you are a chosen bank and steal 50 billion and they catch you redhanded they will sue you in "civil" court...and FORCE you to hand over a "monster fine" of 500 million......hehehhehehehehe sounds good to the peeps........500 million.....most peeps cant even fathom a million.

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  18. GL Jay, that's quite a roll of the dice! And Tom, who wrote those excellent articles on the theft? It just amazes me at how in-your-face it's become. Most of us just feel so helpless.

    ReplyDelete