Financial topics

[gerald]

How will this will help increase the public confidence in banking and government?

Tax depositors to keep banks and government whole ---

http://www.zerohedge.com/news/2013-03-1 ... nk-runs-br

"Specifically, Cyprus will impose a levy of 6.75% on deposits of less than €100,000 - the ceiling for European Union account insurance, which is now effectively gone following this case study - and 9.9% above that."

http://www.globalpost.com/dispatch/news ... eu-bailout

"It's something that compared to other possible outcomes, is the least onerous," Finance Minister Michalis Sarris said, adding the arrangement meant his government "avoided salary and pension cuts" for the public sector.

[John]

I agree, Gerald. This is an enormous shock, and a potential disaster.
This could be the trigger for what we (in this forum) have all been
expecting. Even I'm not sure what to do right now. For years, I've
been telling people to stay out of the stock market, and go into fdic
insured accounts. What should I tell people now? What should I do
myself?

[Higgenbotham]

Total collapse is just a blink away.

We see pride in New York this weekend. The naysayers have crawled back under their rocks these past months. Readership on this forum is at record lows.

We will move to zero government and a dark age within 3 years remains my prediction. But certain things had to happen first.

There has to be pride before the fall. The coming crash will be epic, like nothing ever seen.

[gerald]

I agree, Gerald. This is an enormous shock, and a potential disaster.
This could be the trigger for what we (in this forum) have all been
expecting. Even I'm not sure what to do right now. For years, I've
been telling people to stay out of the stock market, and go into fdic
insured accounts. What should I tell people now? What should I do
myself?

John, as I mentioned a while back, and yes NOTHING is 100% sure, use the ABCD investment program. ----- Anything Bernanke Can't Destroy --- invest in things that are not printable, and if productive so much the better. The most important is return OF value not return ON value. Years ago I stayed in a very small hotel in Austria, the family owned it for over 150 years. Just think of all the currencies, governments and empires that are no more, but and held sway over this little hotel.

gerald

[Higgenbotham]

"Specifically, Cyprus will impose a levy of 6.75% on deposits of less than €100,000 - the ceiling for European Union account insurance, which is now effectively gone following this case study - and 9.9% above that."

"It's something that compared to other possible outcomes, is the least onerous," Finance Minister Michalis Sarris said, adding the arrangement meant his government "avoided salary and pension cuts" for the public sector.

I think the news out of Cyprus is the canary in the coal mine that confirms this is were we are heading:

The "false flag" cyber attack will be launched after this massive crash occurs. The reason it will be is because at that point the banks will be insolvent but so will the Fed and there will be no way to bail out either. Plus the US government will be completely bankrupt to the point where "business as usual" cannot prevail. In a desperate attempt to save themselves they will attempt this "false flag" to wipe the slate clean. It won't work and that's when Washington and New York will utterly collapse and the world will then enter the new dark age.

As I've been saying repeatedly, sustainable economies and market value are not built on money and more money; they are built on solvency, profit and energy flows. Without profit, a company is worth zero. Force feeding electronic printed money into a company and calling it profit can't work. The US economy is insolvent, it does not and cannot operate at a profit, and net energy flows into the US economy are decreasing.

Cyprus got a bailout in return but when the US goes under there is no bailout possible.

[aedens]

His cycle math is not that different than the current calculation of the long count.
The current math used has been verified from numerous other sources on solar
and the lunar calculations driven from solar cycles. I also regard the fib numbers since yes they apply
also.

[Higgenbotham]

His cycle math is not that different than the current calculation of the long count.

I have many indications that 19.00 is more accurate than his 19.08. In my opinion, 2007 was not the (theoretical) peak of the bubble - it was in 2005 when the HGX peaked and there were time lags from that peak. The largest part of the bubble was in housing, not stocks, and the masses were determining housing prices, not stock prices as they were in 1929.

We are seeing these time lags on smaller scales on many different cycles. I think fundamantally it's because the money is fed in (or a decision is made to feed money in) at time t=0 and price response is delayed whereas in previous periods the money was already in the hands of the financial actors.

Looking at the evolution of the housing bubble, the housing stocks were the purest indication of financial actors making a decision about the housing market at a particular point in time. House prices themselves are reported when transactions close, well after the price is agreed upon.

[aedens]

http://enenews.com/reports-from-califor ... mals-video

Facts at the end of the day.

The composited overlays will fit the cycles without much enabling Higg on this GD wave cycle.

[Higgenbotham]

The HGX peaked on February 13 (at a multi year high but far below its 2005 all time high). 30 Dow stocks do not correlate to the true cycle in this iteration, in my opinion.

HGX.gif (21.66 KiB) Viewed 3189 times

[aedens]

Asia's underperformance versus developed markets continues for the remainder of this year. None of the factors behind the underperformance shows signs of turning around. http://asiaconf.com/

Small investors in Asia are also finding out the hard way who is screwing the them top down.
No ceiling when they cannot find the actual floor to pricing. The proxy war and its twin named currency.