Wednesday, June 24, 2015

NO ONE COULD HAVE SEEN IT COMING

But it did come. And it will come again. This time the bubble has been blown for over 60 years and the pop will echo for decades, but then you know it'll be papered over like the 2008-09 "pop" was and like it is as you read this piece now. Its being "handled". Back in the '29 crash headlines daily read how the "market" was rebounding and how the economy was being "fixed". Well of course we know how that all worked out. Once CONfidence is lost, no amount of "papering" can ever put it back in the bottle. Only time and substantive changes in the public mood can heal that big of an open wound. 

Since the last Great Depression, the game has been refined. In fact the last "Dear Chairman" did a PhD dissertation on the Great Depression and how Monetary Policy could have prevented it. Of course he can fix our current Debt debacle. Oh wait.....wasn't he also the same "Dear Chairman" that testified in front of CONgress in 06 and 07 there was no housing bubble and as it began to break down in front of our eyes continued to assuage CONgress that there would be NO housing downturn and that IF there was it would be brief and quickly rebound. He was also the same "Dear Chairman" that stated categorically in 07 as we began the Great Recession that he saw NO recession on the horizon....not once but several times throughout 07. I don't know about you, but I feel better we're fixed now. Oh wait..........Wasn't he the same "Dear Chairman" that testified in front of CONgress in late 08 and 09 that "NO ONE" could have seen "this" coming. Even though Shiff, Shilling, Fleckenstein, and many many market experts warned of this for several years before it happened. It almost makes me wonder if he intentionally popped the "bubble".........but then maybe I'm giving him too much credit.

Well.....someone's preparing for something and whatever that "something" is I have a feeling that we're going to have an answer sooner rather than later. I'll take later but that bubble has a habit of just getting bigger with time and as we all know, it just takes a "pin prick" to pop a bubble and then of course there will be lines of people and different places with the same look on their faces and with the same answer. We never saw this coming. No one ever talked about this. How could this have happened? 









37 comments:

  1. Speaking of bubbles, I know how you all love links, but here goes: http://www.silverseek.com/article/silver-short-bubble-14570
    Kli, do you know why this guy quit trading?
    Excellent post.

    ReplyDelete
  2. as a matter of fact I do sista..... he was a big silver proponent but he was in denial the market was TOTALLY RIGGED by a very powerful few. He maintained up until he was "Corzined" that market forces were at play and that JPM would get crushed due to his "compartmentalization". He lost so many times in his paper trades on silver (usually option plays) that he was forced to admit he was an idiot to keep playing the paper game. Essentially I agree with most of his points now but three years ago I didn't and I wouldn't play the option game. Instead I'll just hold my shitty miners for my "paper play" and stack silver and some gold. I'll also plan for the worse and hope for the best and enjoy everyday of this fake bullshit economy recovery they give us sheep. BTW sista his Silver squeeze is coming.....just a matter of when not if.

    ReplyDelete
    Replies
    1. Many thanks. Guess I've been right there with him, but would never, ever play options at my age. Got really burned on ANV but thankfully got out before the bankruptcy.

      Delete
  3. Hey Skipp's

    I thought you said this waz fixed, just like the economy.......

    http://www.zerohedge.com/news/2015-06-24/whats-really-going-fukushima

    ReplyDelete
  4. Tom, you worthless, dumfuk putz, still quoting ZH articles on Fukushima? How long have you been pumping this nonsense? What's the matter, Ebola ain't doing it for you anymore?

    You see, what we have here in Kliguy and Tom are two mentally unbalanced 60-somethings who are utterly desperate to see some sort of collapse, whether it's a pandemic, markets, war, any sort of doom so they can sit back and get off on it.

    Get a life you moron!

    ReplyDelete
    Replies
    1. Ouch! now that hurts skippy. You are such meany....heheheeh....... I bet the boys in school had to thump you daily just for practice.

      Delete
    2. Well now...... there's the Skippy we all know and Love :) Hehehehehe

      Listen you said this Fukushima Business was nuthing and what ev'a little event that happened was fixed, you know just liked they fixed our Economy and more recently Greece.... So what happened? R U insinuating the ZH has re-posted a story that's untrue, say it ain't so!!!!! Anyway since you're the resident young whipper-snapper with the fancy IT job (assuming your not busy currently training your Indian replacement) and that cool and hip electric car why don't you post a few "Fukushima" it's all good to go back in the water links to reassure us old fart's....... hehehehe

      Kli, I'll bet you're right again, odds are Skippy was the target when the "Boy's" played that dangerous game of Dodge Ball and probably got the sticky duct tape in the hair treatment on the short bus on the way to the special school......


      Skip you're a Putz

      Delete
    3. Skippy is now an "internet cop". Living the dream on a format that doesn't slap him back. Does it get any better for THAT kid in school? hehehehhehe... hey if it makes him feel better then I'm actually all for him....bwaaaaaaaaaaaaaaaaaaaaaaaaaa

      Delete
  5. I would say Tom has a life and is living it. Tis you that ain't gots a life. I can just picture your face all clinched in some sort of psycho rage. Furiously trying to type with one hand and jack off with the other. You must be bronze that other jack off from the old SKF board.

    Too funny.

    ReplyDelete
    Replies
    1. Damn now there's a name from the past..... hehehehehe

      Delete
  6. This is to Tom from yesterdays post. I just was commenting that you and kli look at thing differently then the MSM and a lot of news sites, blogs.... ect. That is why I come here and read your stuff. I do it and take it all in and form my own opinion. I do own quite a bit of silver and gold wish I had more but who wouldn't even if you are "THE PUTZ" I am sure he would love to have it so he can sell it and get all of those Yellen Bucks. I also see the world for what it is and shake my head an awful lot. As a small business owner I see my business booming due to the 2008 collapse. A lot of the potential competitors went out of business and since I run things really tight and have no debt we survived without a problem and still no debt. Just sayin keep up the good work.

    Jeff

    ReplyDelete
    Replies
    1. 100% in the same boat Jeff........and I'm still buying gold and silver bullion.......NOT because I know they're gonna be the answer but I just don't have any choice with my financial position. My home is too big to sell in a shit market but its paid for. I have no debt. I have a small rental properties that are paid for. I have new vehicles paid for. I have cash. I just don't see anything in the paper market I want to own outside of my retirement IRA miners and a very small amount in a taxable trading account. Its a no brainer at this point. Get out of high density killing fields (urban areas) have access to water ....get out of debt....have food.....and plan on the ponzi going on longer than anyone could imagine.........BINGO!!

      Delete
  7. Jeff, glad to see the trillions of counterfeit data bits give your company a boost. Just think where you might be without that. Glad you have confidence in the system.!

    ReplyDelete
    Replies
    1. It had nothing to do with the trillions of fake money. My competitors went out of business and I ran a tight ship. Good companies can survive bad economies my dad started this business in 1980 on a second mortgage at a 21% interest rate. So we vowed never would we borrow money to buy equipment. We saw a hard blip in 2008 but got thru it just fine. I don't have confidence in the system is why we do not have debt and I run the company the way I do. On the other side if the Government is going to give me money I will take it to offset the thousands in taxes I pay.
      Jeff

      Delete
  8. Butt, Butt, Butt. I thought this was all fixed?????

    http://www.zerohedge.com/news/2015-06-25/us-services-pmi-misses-most-record-tumbles-lowest-january

    Greatest Bullchit run evvvv'aaaa


    Putz

    ReplyDelete
  9. I really lol over the way netflix shares are getting the treatment...
    What a joke all over the place.
    A disgrace too.

    Anyhow just got my new I watch. Going to stumble over to the pub. I watch going to help me drink to the best o my abilities.

    Sheeps

    ReplyDelete
    Replies
    1. I don't short shit anymore Sheeps for several reasons..... but IF I DID NFLX is one big fat PIG

      Delete
  10. o what is the purpose of their experiment? What are they trying to prove? That they are superior, apart from the power that they obtain solely from their privileged positions?

    I was just listening to Larry Summers, speaking condescendingly (in his mind I am sure it was compassionately) about not trying to change the Greeks and countries like them culturally, but instead bringing them along gradually while offering 'competent administrative assistance.' Are you fucking kidding me? From the destroyers of wealth at the EU and the Fed? What do these fellows imagine themselves to be, the new Viceroys of India?

    Are they trying to show that if the world moved to a single currency that the different regions would still be able to maintain their national sovereignty while operating under centralized monetary control from the City of London and Wall Street? Well, if so, they have failed.

    They have shown such a notion to be ludicrous, a mere pretext for the eventual tyranny of an aloof central authority of self-defining superior creatures, whose burden it is to bring order and self-control to the weak minded inferior races.

    Inferior races! This is Greece, the cradle of Western civilization. This is the country that stood against the onslaught of the fascists, and bought time for the Allies. This is the nation that was placed under a series of authoritarian puppet governments by the Truman Doctrine as their thanks. How convenient are our memories. And this is a nation that has been brought low by the monetary chicanery and neo-colonial vendor financing of Brussels and Berlin, through the puppet governments and Western economic hitmen under which they have suffered for far too long. Jesse

    ReplyDelete
  11. That is a great point. If the EU experiment fails....and it already has....

    These social engineers do not care. A Greek, a US consumer, a whatever is still a sheep.

    Won't stop the world dominating force.

    Sheeps

    ReplyDelete
  12. Speaking it be one ting. Writing it is sumpin' else.

    Juan Moore bier.

    ReplyDelete
  13. Banker Says Boom Will Run Into 1930

    That at least a part of the great amount of money in the securities market may represent temporary employment of funds eventually finding their way into business uses, and that the prosperity of the present business cycle will probably not end in 1929, is the belief expressed by the J. Henry Schroder Banking Corporation in the quarterly review of the London house of Schroder.

    — The World, March 30, 1929

    ReplyDelete
    Replies
    1. History repeats. Things never really change.

      Delete
    2. its because its basic human nature that is predictable and CONtrollable

      Delete
  14. Its always the same.....from CNN Money

    "The bottom line: Many experts are calling this a "slower-for-longer" recovery. The thinking goes like this: As the economy chugs along, so will the stock market.
    Yes, the increasing strength of the dollar and the possible interest rate increases from the Federal Reserve will put more pressure on company profits. However, the S&P 500 has handled these blows well in the past.
    "The market will track a sideways path; edging very slowly higher," said Higgins. He predicts the S&P 500 will end 2016 at 2,200 -- about 5.5% than where it is today."

    ReplyDelete
    Replies
    1. I wish these people who are paid would learn to speak/write English!

      Delete
  15. http://stockcharts.com/h-sc/ui?s=RIC&p=W&yr=7&mn=0&dy=0&id=p48494644562&a=363376576&listNum=1

    ReplyDelete
  16. sumthn's gonna give folks.....nature's callin

    http://srsroccoreport.com/top-5-gold-producers-massive-decline-in-gold-productivity/top-5-gold-producers-massive-decline-in-gold-productivity/

    ReplyDelete
  17. http://www.examiner.com/article/china-announces-they-will-be-setting-new-gold-price-by-end-of-year

    ReplyDelete
  18. So, after decades of corruption and BS in Greece. Where in Greece, like the USA, promises where made to the citizens that cannot be kept. Meanwhile the politicians looted the land in the way of cronyism. Now the citizens get to vote on how they will starve. What a dog and pony show. Just a test run for what will happen here.

    Sheeps

    ReplyDelete
    Replies
    1. correct sheeps. but staying in the euro guarantees debt slavery and exiting will be difficult but in time you can escape the slavery...........maybe

      Delete
  19. I cannot believe that there is any democracy or free will at work either way. Just wondered as I am sure you are will this Greek Tragedy be used as the tipping point to cause other turmoil. I guess we find out soon.

    Sheeps.

    ReplyDelete
  20. there is no democracy at work. However the individual has free will. Whether is "works out" or not remains to be seen but as I and others here have said you should take the time to have prepared AND to continue preparing . Its not rocket science you diversify into tangibles and you get as self sufficient as possibel. Nature will take care of the outcome for the excesses. you just don't want to be an "excess"

    ReplyDelete
  21. They’re all fakers. Including Bernie Sanders, Elizabeth Warren, and Rand Paul.


    These three know their opposition to the TPP doesn’t mean a thing. They know they could go further and spill all the secrets they know, at a press conference, and state in no uncertain terms that they dare the President to have them arrested.

    But they won’t do it.

    They’re part of what amounts to an unconstitutional “federal collective,” a club of little insiders, and they won’t break those chains.

    Even when doing so would catapult themselves into the stratosphere as heroes.

    Can you imagine it? Every day one of them spends in jail, his/her staff would be issuing statements to the press demanding the restoration of separation of powers.

    And the headlines? And stories?

    “Bernie keeps spilling secrets in jail!”

    “It’s been revealed that Bernie Sanders, in his cell, is telling his guards everything he knows about the details of the TPP. He won’t shut up. We have a report that the guards have been given soundproof ear pads to wear. Bernie is scratching details of the TPP on the walls of his cell with his fingernails…”

    Now THAT’S a stage play.

    I’d pay to see that play.

    ReplyDelete
    Replies
    1. show trials for unwashed consumption for you are just a Muppet. Secret Courts, Secret Bills, we just need to pass it to see what's in it but now you can't see what's in it because you will go to jail until we pass it so like that Texas Congressman said about rape, if you have to go through with it just enjoy it. Look no further them the emergency banking relief act of 1933, the world is a stage and we are merely blah blah blah...

      -OH

      Delete
    2. They'd be eliminated way before they got any useful information disseminated.

      Delete
  22. Greek banks closed on Monday and so far gold/silver/U.S. dollar are up, but who knows what will happen in NY?

    ReplyDelete
  23. Some Asian markets opening now --- mostly red 1.5% or more, US Indexes futures down about 1.5%

    Euro down against US dollar. Monday should be interesting....

    ReplyDelete