Saturday, April 30, 2016

WHERE'S THE FIRE??

Are you reading articles that are saying the Central Banks have exceeded their mandate with ZIRP, NIRP, QE, endles Bond Buying programs, purchasing Stock Futures , and maintaining endless Dollar Swap back door funding worldwide. Well if you live in my pathetic world you've probably noticed these articles abound recently. Not only do they now say the Central Banks have crossed the line but they are boxed into a corner and have NO ammunition.

I think what caught my attention was the attitude there was NO fire that needed these extraordinary measures and their manipulations of all of these markets amounted to only a bunch of Central Bankers dealing crack cocaine to the Wall Street addicts. Maybe so, but what I worry about is that may be over-simplifying the problem. You see......I think the fire is right in front of you and because we crossed the point of no return years ago, the bankers actually have no choice now. The idea of extend and pretend is much more important than many of us want to really believe it is.

So what is the fire? Its the system. The system you say? That's rather nebulous Kliguy. I've heard that before, right? Let's distill this to just SOME of the aspects of "the system". The "system" is composed of many parts. Hundreds of parts. Some of these parts are more critical than others but nevertheless all of these parts are important, at least to the "people" dependent upon these "parts".

Here is a part that I would say is "important". YOUR pension. Literally tens of millions of pensions.....virtually ALL PENSIONS...are dependent upon this "system" staying intact. You recently saw the collapse of the Central States Fund collapse with over 400,000 people in the Midwest impacted by a 40% reduction in their monthly checks and that is just the beginning. CSF is only a beta test. They picked a relatively medium sized pension in the Midwest to test, but they will be rolling this out Nationwide in a year or two....maybe sooner. This is a private pension fund holder. Let's look at the State pensioners and the large School teachers funds and municipality pensioners. They ALL depend upon the Market price and the BOND prices with Zero Interest rates. You get even a whiff of real inflation (greater than 3%) with elevating Bond prices and this DEBT HOUSE OF CARDS will run for the leveraged back door so fast your head will spin. NO ONE WILL GET OUT THAT DOOR .......NO ONE!! Even if you get out that door, you'll be slaughtered by the crowd behind you with NOTHING in their hands but pitchforks.

Egon Von Greyerz:


Pensions – The Ticking Time Bomb
But the biggest disaster is hitting the pension sector. Virtually all pension funds are seriously underfunded, especially if they applied realistic rates of return. Pension funds hold three principal investments, stocks, bonds and property. These are all bubble assets inflated by the credit explosion that central banks have orchestrated.
As these assets implode, there will be no pensions left for anybody. People who are about to retire in coming years have no understanding of the fate that is going to hit them. They will receive no pension or a pension that is worthless. As the economy deteriorates, the unemployment rate will also rise dramatically. The combination of retirees with no pension and a high percentage of the population without a job will lead to severe human disasters around the world. Governments will of course print unlimited amounts of money but this will have no effect as manufactured money can never create wealth. 

This is all the result of central banks interfering in the natural cycles of the economy by financial repression and thus interfering with nature’s law. So instead of having minor booms and busts, the manipulation of markets and the economy creates the most massive super booms and busts. It is of course not the first time it happens in history and it will continue to happen. It will sadly lead to a period of very difficult adjustments and misery for current generations and possibly even future ones

I really didn't even touch on the DOLLAR as the world's reserve currency. That "part" is too difficult for the average peep to grasp. They don't even want to think that is possible to take down....but they will. Its days are numbered and when that "whiff" of inflation hits, you can damn well bet it will because the Central Banks have said they need it and they WILL GET IT. They're not gonna like what comes next. Gl










92 comments:

  1. When is all of this going to happen, soon? You have been saying this you're whole life...

    Enoch He Knows

    ReplyDelete
  2. Yeah, only 8 years of his garbage has been officially documented on this blog, but he's been wrong a lot longer than that. It's quite entertaining to go and read posts from 2015, 2014, 2013, etc, etc. All these predictions of doom and imminent collapses, collapse of the dollar, the economy, the stock market, the pension system, the whole damn world should've crashed and burned at least 2 dozen times now according to this fool Kliguy.

    When it comes to being DEAD WRONG about everything, this moron is second to no one. He even has a dumbass little pet who worships the ground he walks on. What shit-show this blog continues to be.

    Hehehehehe.......hehehehehe.....

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  3. Enoch He Knows, to answer your question, "it's underway" and collapse is "imminent".

    Hehehehehe......

    ReplyDelete
    Replies
    1. Thanks now can you tell me what I should do? Buy stocks, put money in banks, Gold , Silver what..
      Thanks Enoch

      Delete
    2. hey squirrel...get back to your Tesla S and your "former" 700K portfoliooooooooooooooo.........weeeeeeeeeeee...DGLD DGLD buybuybuy.....er BYE BYE BYE

      Delete
  4. wow "enoch" welcome to the blog....hehehehehe...and thanks "skippy" for answering your questions..BWAAAAAAAAAAAAAAAAAAAAA

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  5. For the paper traders....Bloomberg TV just announced they would be talking about gold "all day" after its big rise this year and the miners even MORE SPECTACULAR move......can you say "time for a pullback"

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    Replies
    1. Exactly. I was a bit early and bought GPL @1.99.

      Delete
    2. I still have a core holding but took nice profit......don't add until I find support

      Delete
  6. Snot's,

    That was almost as good as Abbott & Costello's "Who's on First" routine..... Hehehehe I guess the multiple personality's came out to play last night......


    Watta Putz!

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  7. Skippy's home has smoke coming out of vents... If he keeps trying to pick equities his home will be a pile of ashes soon. Next "fire" report on Skippy's trailer home soon.

    BaWaaaaaaaaaaaaaaaaaaaaaaaaaaa!!!!!

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  8. Pulled this one up kli did you really buy then? kliguy38December 23, 2015 at 8:24 AM
    "Bad Timing" you say? Oh now Tom I think a 90% drop in the miners is a little worse than bad timing...hehehhehee....I like to refer to it as a slaughter.....tsk tsk...its PAPER!!!! You are most likely NOT going to get out of this casino with your chips ANYWAY!!! hehehehe but just in case I do I will keep playing the bloodiest most slaughtered sector in it........ That's where the money will rotate into first. As far as metal goes if you don't own it by now you never will and most that own it already are too afraid to buy now at this level so we are at a nice inflection point. Could it get worst for the metal? Maybe but you and I are guessing so I keep buying and have the capacity to do so. Unfortunately most that bought 5 years ago don't. They really don't count anyway when the big money does roll into it and they will......they always do.

    Delete

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  9. Miners ready for a pull back? http://swingcycles.blogspot.com/2016/05/may-02-2016-gdx-sell-signal.html

    GL

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  10. must watch ...scroll to about 55 min and watch matt bracken interview

    https://www.youtube.com/watch?v=ALcCkeECELk

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  11. "Maybe...."...... Hahahahaha

    Anyway hope the pull back is short lived.....

    ReplyDelete
    Replies
    1. hard shake short time 2 weeks or.......shakey shakey 2months.......target is same retrace fib 38 or 50 of recent lows

      Delete
  12. Here's one I bot for another account (not my own sadly) Up a fochin 50 bagger.....BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA in only 4 months BUTT!!!

    http://stockcharts.com/h-sc/ui?s=SVM.TO

    ReplyDelete
    Replies
    1. I actually own this from who knows when! LOL!

      Delete
  13. Damn I forgot about SVM, that was a fun one way back when.... What a move!!!! How come you kept it a secret? Hehehehe

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    Replies
    1. Its not my account I bot it for. I traded out of mine. waaaaaaaaa. The account I bot it for HELD it through the beatdown

      Delete
    2. speaking of beatdown....gettin' bloody for the "new leaves" on the miners today.

      Delete
  14. It's not so bad today... I pulled sum RIC off the table this morning so I have sum funds to play with now...

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    Replies
    1. Its SCEEEEEEAAAARRRRRYYYYY.....BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

      Delete
    2. Nah....... Should'a picked up sum more GPL @ 1.60ish.... but wasn't watching :(

      Delete
    3. still might get sum more.....earnings today or tomorrow

      Delete
  15. Hmmmmm, Sounds Familiar.....

    http://www.zerohedge.com/news/2016-05-03/china-threatens-its-economists-and-analysts-only-write-bullish-reports-or-else

    ReplyDelete
  16. Computer hanging up and ended up posting same msg over and over....

    ReplyDelete
  17. Buy "alert" for GDX, watch for "signal" : http://swingcycles.blogspot.com/2016/05/may-02-2016-gdx-sell-signal.html

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  18. u owe it to yourself to watch Margin Call if you haven't....excellent

    ReplyDelete
  19. Hehehehe The Donald beat the Establishment, well I'll be damned!

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    Replies
    1. maybe...He'll come in handy as the "new Prez" that is villified as the new age Hoover IF he duzn't "play ball".....my guess is that even IF they let him in he'll be blamed for the "collapse" and go down in history as "the worst Prez ever".....how handy hehehehehehe.......

      Delete
    2. Let's say the MSM labels him the "frontrunner" and "next Prez"....and the stock market goes down 1200 points in a couple of days....Headlines immediately are "Trump Win Portends Doom for Economy"......hehehehhehehehehe........or Vote for Trump is a Vote for Depression.....hehehehheheheheee.......

      Delete
    3. Are the sheep dumb enuff to fall for it???

      Delete
    4. Probably..... Hehehehe but you got to admit up until last night they threw everything including the kitchen sink at him and he's the last guy standing OR maybe that's what they want you to think and it's all part of the script..... Anyway just so long as it wasn't Jeb or Ted, I slept easier last night hehehehehehe

      However your correct he'll play ball one way or the other, they all do or they don't and well you know the end result of those that don't........

      Delete
    5. yup....but its great kabuki theater

      Delete
    6. Well if anything the Chi-Com's are a bit nervous bout The Donald....

      http://www.zerohedge.com/news/2016-05-04/china-warns-will-respond-trump-presidency

      Delete
    7. Hey buttfox wannabees here is a "doomer" mainstream manager of ONE TRILLION in bonds speaking ... watta ya think SKIPPY?? Doomer?? CONspriacy theorist??

      Mr Bill Gross today

      Private banks can fail but a central bank that can print money acceptable to global commerce cannot. I have long argued that this is a Ponzi scheme and it is, yet we are approaching a point of no return with negative interest rates and QE purchases of corporate bonds and stock. Still, I believe that for now central banks will print more helicopter money via QE (perhaps even the U.S. in a year or so) and reluctantly accept their increasingly dependent role in fiscal policy. That would allow governments to focus on infrastructure, health care, and introduce Universal Basic Income for displaced workers amongst other increasing needs. It will also lead to a less independent central bank, and a more permanent mingling of fiscal and monetary policy that stealthily has been in effect for over 6 years now. Chair Yellen and others will be disheartened by this change in culture. Too bad. If there is an answer, the answer is that it’s just that way.

      Investment implications: Prepare for renewed QE from the Fed. Interest rates will stay low for longer, asset prices will continue to be artificially high. At some point, monetary policy will create inflation and markets will be at risk.

      Delete
    8. Armstrong's "some point" is 2017. Would Universal Basic Income do away with food stamps, free cell phones, low-income housing, Medicaid, and on and on? How much money can we continue to spend with $21 Trillion in debt looming. Debt increased by $1 Trillion in just the last six months.

      Delete
    9. I totally agree that Trump will be taking enormous hits as POTUS...maybe he can mitigate the circumstances a little, but after 50 yrs. of this nonsense, probably not a lot. I am actually surprised that he wants to do this...

      Delete
    10. Thomas Jefferson couldn't fix this mess, like you said you can try to mitigate it, but building walls won't make it happen, maybe enforcing some rule of law will, tell that to this fascist. I agree with CAF and Celente, Trump is a casino owner, real estate developer and reality show host, but he can't be any worse than a community organizer or draft dodger, can he? hehehe

      But sadly, I think many are fooling themselves that any of this reality show means anything anyway because I think it has already been decided anyway, Hillary will get it because she has shown her loyalty and nothing will change for the better, look where the last 16 years have gotten us.

      -OH

      Delete
    11. I doubt it will be Billary but you never know..... Although I know one person who's got to be happy the Repuke Race has been decided..... Heheheheheeeeee

      http://www.breitbart.com/2016-presidential-race/2016/05/04/glenn-beck-ends-fast/

      Wanna talk about a guy that lost his mind over this!!

      Delete
    12. The only way this works out is with implosion and massive "population readjustment" .. The PTB know the nanny state carrying capacity is now overwhelmed ......look at the GMO obese sheeple....the DIABETES.....the weakened elderly population ......ALL of these populations will be decimated without the handouts and WHO is going to pay for that.....the 10 dollar/hour wage earner??? THINK ABOUT IT......Hell is coming

      Delete
    13. I hate when you're correct but the Math, stretched as it is can't support what's transpired.....

      Delete
    14. I'm sorry ....I made a mistake....Snot will pay for it with his 700K retirement portfolio!!!!!!

      Delete
    15. What's 700K/21T? Hmmm. Not much!

      Delete
  20. Hmmmmmmm....

    http://www.zerohedge.com/news/2016-05-04/stand-aside-jp-morgan-new-player-silver-market-has-arrived

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    Replies
    1. So now we have to trust the Chinese for a free market? hehehe. Is there nowhere else to turn?

      -OH

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    2. Chinese Free Market? Surly you jest hehehehe Nah their just worrying who they're gonna sell all that lead infused crap they manufacture too.....

      Tariff's are a dirty word.....

      Delete
    3. Told Ya......

      http://www.zerohedge.com/news/2016-05-04/china-unleashes-spr-strategic-porcine-reserve-pork-price-surge-threatens-social-unre

      Delete
  21. Pay attention to DXY Dollar if it can't break above 95 and HOLD.....then gold and miners rip should know in less than 3 weeks.....

    ReplyDelete
  22. Sista.....Trump NEVER thot he had a chance and was cajoled by a group of "truthers" to fight the system....he felt that it couldn't hurt his Brand Name....and might help.......He has even said as recently as yesterday in his acceptance speech he never dreamed he could win when he started.....sometimes they actually tell you the truth. The public is clamoring for anyone outside of the "system" .....they would vote for Putin if he ran

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    Replies
    1. Putin??? He would get elected just from the votes from the ZH posters alone.... heheeeeeee Yes anybody other then the "Establishment"....

      Delete
    2. unfortunately I believe the dye is cast and it most likely does not matter which puppet is elected....trump may not be a puppet but he WILL dance either voluntarily or otherwise

      Delete
    3. https://www.armstrongeconomics.com/international-news/north_america/2016-u-s-presidential-election/trump-wins-cruz-ends-his-bid-for-president/

      Armstrong agree's, if he wins he's gonna be the fall guy, maybe......

      Delete
  23. If it wasn't clear already, Drucknemiller is very bearish stocks: "volatility in global equity markets over the past year, which often precedes a major trend change, suggests that their risk/reward is negative without substantially lower prices and/or structural reform. Don’t hold your breath for the latter."

    The former Duquesne hedge fund manager, who averaged annual returns of 30 percent from 1986 through 2010, also agreed that negative rates are "absurd", said that he is bearish stocks, and concluded by revealing what his biggest currency allocation is. "Some regard it as a metal, we regard it as a currency and it remains our largest currency allocation" he said, without naming the metal.

    We know what he was talking about. Gold.

    ReplyDelete
    Replies
    1. He doesn't know what he's talking about per Anon aka Skip.

      Delete
  24. Just when you think it can't get any stranger..... It does!

    http://www.newsobserver.com/news/politics-government/state-politics/article75607477.html

    Cue the Twilight Zone theme song.......

    ReplyDelete
  25. Hehehehe, too foching funny!

    http://www.breitbart.com/2016-presidential-race/2016/05/04/president-fox-apologizes-invites-trump-mexico/

    ReplyDelete
  26. Added updated GDX chart thru end of day 5/4: http://swingcycles.blogspot.com/2016/05/may-02-2016-gdx-sell-signal.html

    ReplyDelete
  27. Having a conversation with a coworker today, he mentioned a past conversation he had with a Chinese coworker and brought up the question why Chinese goods are so shoddy. The guy's response in summary was you give us shit money so we give you shit product. The Chinese guy also added that he thought the Chinese were the best negotiators in the world, that was until they met the Americans.

    Tom, was trying to point out the irony that Communist China was opening an exchange to compete with our manipulated market here in hopes of some true price discovery.

    No one could have seen this coming.

    You can't make this stuff up.

    Welcome to the twilight zone.

    -OH

    P.S. It's all meant to make you depressed, all of it. So you have to laugh.

    ReplyDelete
    Replies
    1. Reality should never dissuade one from abandoning their sense of humor

      Delete
  28. Speaking of the Twilight Zone.....

    http://www.fox29.com/news/136857968-story

    Stick a fork in us, We're done!!!!!!!!

    ReplyDelete
    Replies
    1. Why is the media shoving this down our throats on an almost daily basis?

      Why now? hehehe. This, that and Black lives matter, you would think as a country we would have more pressing matters to attend to than trying to start another Cold war as well.

      Nope. It's all good, the ones that caused the mess are fixing it. Time to go to work.

      -OH

      Delete
    2. time to got to wurk you useless eaters....BWAAAAAAAAAAAAAAAAAAAAAAAAA

      Maybe Skippy will come back and buy sum MOAR PCLN......watta pick!

      Delete
    3. C'Mon OH,

      Gotta keep the proles distracted with useless non-sense, while they continue the rape, pillage & plunder of what's left of our Country, which there's really not much left....

      Delete
  29. GDX short term buy signal this morning: http://swingcycles.blogspot.com/2016/05/may-02-2016-gdx-sell-signal.html

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  30. This comment has been removed by the author.

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    Replies
    1. I guess your computer is old.... It's getting repetitive hehhehhe

      Delete
    2. Appears to be a bandwidth problem. Response is OK when I am just running the computer/internet, but if I turn on streaming for Bloomberg response goes to hell as streaming seems to "take up" most of the bandwidth. Also get lock ups when I try to run both at the same time.

      Problem started just over a week ago. Called ISP help line and there was a message saying they were "upgrading" the system.... Azzholes!!! they are pissed off because I cancelled cable TV service and went to streaming and local over the air digital for a lot less $s. I only watched 6-8 channels and was paying for a lot more in their lowest tier of service.

      Delete
    3. Do you mind telling me what you use for over the air digital? I want to change too...got AT&T, keep raising my rates. Grrr.

      Delete
    4. The broadcast channels are now required transmit signal in digital. All you need is a digital antenna and you should pick up PBS, FOX, CBS, NBC, (and these have side channels transmitting mostly old shows from years past). Then there is ION. I get some independent channels 14.1 thru 14.5 and 16.1-16-5 (religious channels and such). But where I am I get stations from about 3 different markets (within 50 miles or so of my home). Get a $40-60 antenna (Walmart) and it is all free.

      If your internet bandwidth (down loading)is big enough for streaming something like ROKU or Chromecast will allow you to sign up for something like SLING TV (20 channels - $20 plus extra add on packets for around $5 per 5 channels.

      Research SLING and ROKU online...

      Delete
    5. My total cost for Internet bandwidth of around 15mbs download and Sling is $47 per month plus free over the air channels (around 40 unique channels total)

      Delete
  31. Could be they're throttling your account.... Do they have choices on speed & bandwidth??

    ReplyDelete
    Replies
    1. I think they cut the bandwidth based on running the speedtest.net app. Probably trying to get more $s for more bandwidth. May have to check with alternative providers. They said when there was no throttling when I set it up two months ago.

      May be able to get a dual band router and resolve the problem of interference. Still looking at options of channels spread far enough apart that do not interfere with each other.

      Delete
    2. I dunno if you'll be able to skirt the issue with different equipment, maybe so, but that's above my pay grade.... I'll bet they were correct in stating you weren't throttled from the onset but if you stream a lot they definitely slowed you down. Cable did the same to me once my youngest started streaming content, crazy the stuff you can watch via the internet these day's, anyway everything was getting jammed up, I had to buy a larger bandwidth package and "Magically" the problem stopped hehehehehe Focher's!!!!!

      Delete
    3. Changed my setup - had to sacrifice connecting as wireless. Got a couple of Ethernet cables and set up ROKU streamer and PC as LANS our of my router (router is set up as a WAN into the modem) So far seems to separate signals from the two devices devices... We'll see.

      Delete
  32. Weekly spx chart is kinda fugly.

    Just waiting for Obummer to come out and say....now is a good time to sell.

    Sheeps

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    Replies
    1. I can see the terror in their eyes, hear it in their words. Then it will magically go UP into Nov.

      Delete
  33. Kli did you grab moar GPL yesterday? I didn't AGAIN!!! Foch..... heheheheeee

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    Replies
    1. why yes I did my man....bot down to 1.50 ....about 60% of what I had sold.....don't plan on adding more unless it tests 1.28 area.....when you take profit at oversold weekly and daily then you can play a lil. sorry but anon is me.....

      Delete
    2. on the road and too lazy to log in

      Delete
    3. Hit piece was done on gpl last week to take out the weak leaves.......it may not be a great miner but if it doesn't go broke then it should hit 7 on this run

      Delete
  34. Hehehehe I'm glad I'm not the only one noticing the Glenn Beck Crack-Up.......


    https://www.youtube.com/watch?v=KmpCF55IaMA

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  35. this is an EIGHT BAGGER!!!! It made money...it was a buy buy buy for 3 years.....how many of you let morons like buttfox and Traitor Dan keep you out of this one???? You really fell for the game didn't you?

    RIC RIC RIC

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    Replies
    1. if you're smart you'd take your fiat and use it for sumthin REAL right now gl

      Delete
  36. Weekend headline: "Grim economic news out of China". It is all good. Hehehehehe!!!

    ReplyDelete