Monday, August 20, 2012

MELTDOWN

Not in the future........it's already occurred. We have seen it happen already. The discussions out in the public and cyberland regarding Zombieland is no accident. As noted by this blog nothing occurring is random or by "accident". This IS a zombie economy and a zombie deconstruction of a zombie system. You can try and maintain CONfidence only so long with magic levitation before gravity takes over and the fall begins. The only question now is when does everyone see it. When do the zombies finally become visible to everyone but the most brain dead peeps. When do the peeps suddenly make a mad dash for the store shelves and banks to claim the morsels that may provide them some chance at survival as the ponzi unwinds. Confusion, fear, and outright paranoia can be powerful persuasive forces for greater control. Of course greater control will solidify the power that the puppetmasters will need for absolute power.  Does this mean Armageddon is coming? Sorry to disappoint you if I answer that in a NON-fatalistic way......but I'll say no. I do believe that some form of collapse will take place, but it will be a "controlled detonation". I can't speak to the casualties, but it could be in the billions.....or millions. I just cannot tell what form of reset is planned. Sometimes the planning can miscalculate.....so always be prepared. Chaos is forming in the big banks....or at least the "appearance" of chaos. Resets will occur here too. We have a lot of resets ahead of us. Your big fear however is that Nature resets it for you. If they do then all bets are off. Even Jamie D has stumbled and will be reset soon as noted by Bloomy today.


Wall Street, the global financial community reeling from public outrage and increased regulation, is proving incapable of finding a champion to replace sidelined JPMorgan Chase & Co. (JPM)Chief Executive Officer Jamie Dimon.
Dimon, 56, one of the industry’s most forceful advocates, has lost stature as his bank, the largest in the U.S. by assets, juggles multiple investigations and a $5.8 billion trading loss on wrong-way bets on credit derivatives. His peers at other big lenders are hobbled by poor performance, tarnished reputations or a reluctance to step into the breach.



Bankers across the Atlantic, including former Barclays Plc (BCS) CEO Robert Diamond and Peter Sands of Standard Chartered Plc (STAN), have been muted by allegations that their firms rigged interest rates or were involved in money laundering.
“What you’re seeing in the financial-services industry is a lack of any kind of credible statesmen,” said Rakesh Khurana, a management professor at Harvard Business School in Boston. Dimon’s diminished ability to defend the industry publicly “basically leaves a vacuum,” he said.
That means the industry is without an advocate to resist the most vigorous onslaught of regulations since Congress separated investment and commercial banking with the Glass- Steagall Act in 1933. It coincides with the lowest level of consumer confidence in U.S. banks since Gallup Inc. began polling on the question in 1979. The percentage of Americanssaying they had a “great deal” or “quite a lot” of confidence dropped to 21 percent in June from 41 percent in 2007 and more than 60 percent in 1980. thanks bloomberg

Just keep in mind. Print or pull the plug? Those are the only choices the PTB have. If they pull the plug then you have the "real fear" trade and you BETTER own PMs. Either way......

24 comments:

  1. SVM breaking out this am.
    Come on,...keep going!

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  2. Silver done got its groove on again...congrats for sticking it out to all..

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  3. Holy cow....1% euro move. More like a death spasm. Speaking of a melt down Danerics comments are in melt down....

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  4. Does anybody here know the story of BP's Liberty well on Gull Island in the artic circle? Almost complete and when it is tapped the drillers will encounter the highest pressures EVER. hope they do not F up. Will be tapped just as the Mideast blows up and $150 is reached. Mad chit going on behind the scenes.

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  5. Could be an interesting day Hubz...Apple just reversed hard.

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  6. http://1.bp.blogspot.com/-BxdhdHf8bGU/UDK01ngrYOI/AAAAAAAANaY/HzU0WxySA_I/s1600/2012-08-20-PROPHET1.png

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  7. ZLCS had bear raid this morning, volume huge and back to even....somethings brewing...

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  8. also of note is accumulation going on in CYCC at this level...

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  9. just another day at the office for the boyz.......

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  10. I've been following ZLCS and the RSI has been really high. So, I think it needs to pull back & consolidate before another move up. I'm raising cash to buy more.

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  11. blastoff breakout
    http://stockcharts.com/h-sc/ui?s=AUMN&p=D&yr=0&mn=7&dy=0&id=p46454995378&a=268723858&listNum=1

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  12. Another decent day for the miners.... Not holding all the best of um but greens better then red!

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    1. there's buying on individual miners now. rotation within the sector on individual miners provides some cover on their buying........just sit tite

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  13. 360sma touch on 8 hr along with outside bb might provide pullback on SI to 28 support now, or run to 30 on daily chart to hit 200sma resistance...

    http://s11.postimage.org/xedmrzlir/Silver_8hr_8_21.jpg

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    1. or the tricky baastids at these levels and volumes with all the juniors on the beaches could really take off with a gap n go.......NOW that would catch a lot of people naked.

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  14. Huh? FED? Market promised sugar and does not get a sugar buzz....

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  15. the GPL chart I just posted indicates a breakout above the channel....good luck if you sold ALL of your shares yesterday

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  16. look at the HL chart i just posted...hmmmmm

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  17. Both HL and GPL made a nice move... As long as silver is above 28 gpl is good. I did not yet listen to the recent conference call. GDM made a very nice move. Market action today is goofy. The Bernanke promise is not as good as it used to be.

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  18. the fed spelled in latin before 1913 was evil...

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  19. SVM had a good day too. Now it needs to break thru resistance at 6. If successful, 6.40 to 6.50 could come quickly. A Golden Cross between the 20 & 50 day could occur as well.

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  20. http://www.desdemonadespair.net/2012/08/record-radiation-found-in-fish-near.html


    radiation, the other white meat...

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