Financial topics

[aedens]

The basis of all social contracts is economic.
http://www.raymondibrahim.com/articles/

[aedens]

H the market is so hopelessly corupt with the movement of international funds it will
fail on que. Regulatory bodies are hopelessly inept. Even when the forensic
reality asserts itself the public will be filtered. It is estimated rather unblushed
that 2.3 trillion of economic activity is illicit in the Banking system.

I percieve the issue a Eurocentric thought to the currency support since
Greece is a security question for the Euro to check the radical construct
taking much deeper root. Remember the saying cheaper to keep her than....
http://www.zerohedge.com/news/sub-penny ... nd-any-day

[John]

H the market is so hopelessly corupt with the movement of international funds it will
fail on que. Regulatory bodies are hopelessly inept. Even when the forensic
reality asserts itself the public will filtered. It is estimated rather unblushed
that 2.3 trillion of economic activity is illicit in the Banking system.

http://www.zerohedge.com/news/sub-penny ... nd-any-day

I don't understand all the ins and outs of sub-penny trading and internalizers,
but what I get out of this article is what I've indicated before -- the
software controlling the stock market is made up thousands of components
from at least dozens of financial firms (perhaps hundreds), and very few
people understand any given component, while understanding the
interactions between all the components is well beyond the ability of
anyone to understand. Everybody assumes that if each component does
what it's supposed to so, then the entire system will do what it's supposed
to do. The veracity of that assumption is not known, and not knowable.
The Zerohedge article highlights one integration problem that could
cause a crisis at any time, and there are many, many more.

My intuition tells me that with so many software components programmed
to sell as soon as there's a problem, the right "perfect storm" of events
could cause a crash at any time.

So T.S. Eliot was wrong. The world won't end with either a bang or
a whimper. It'll end with a crash.



http://www.nanex.net/aqck2/3519/NanexSu ... utionW.gif


P.S.: The above is an animated GIF with 347 layers. I don't believe I've ever
seen one with so many layers before, even in ads on Indian sites.

[aedens]

In the middle of 1914, just before the war, a one pound loaf of bread cost 13 cents. Two years later it was 19 cents. Two years more and it sold for 22 cents. By 1919 it was 26 cents. Now the fun begins. In 1920, a loaf of bread soared to $1.20, and then in 1921 it hit $1.35. By the middle of 1922 it was $3.50. At the start of 1923 it rocketed to $700 a loaf. Five months later a loaf went for $1200. By September it was $2 million. A month later it was $670 million (wide spread rioting broke out). The next month it hit $3 billion. By mid month it was $100 billion. Then it all collapsed. Story of repudiated claims to labor "utility" from foreign dominion from Art C. As we mentioned the blue has the wheel we will see them eat themselves at there own dinnner table soon. Oh, also the M2 velocity thingy since blues just love ignoring there own projections as we note. Just insert the red if you wish since it matters not since we had our Noske phenomenon of design already for FUD.

[OLD1953]

To accurately judge monetary inflation or deflation, you have to use figures that include all things relating to money. Since our money is based on debt, this means you must include all debt and debt instruments, as they are essentially fungible with our money. This is the old M3, calculated now, of course.

http://nowandfutures.com/key_stats.html

I'll give the FED credit for a game try, but they haven't been able to increase total debt as they've wished. Graph says increases are dropping, the whole thing is sliding downhill, and the bulk of the increase is simply govt bonds. If the budget actually does move towards balance, we'll see those figures moving down like an elevator. And this is the time and season for that to happen, doesn't matter who wins or loses in the election. Blame will be cast on whoever holds the Senate, IMHO, but the actual cause is and will be public sentiment about runaway deficits. Games over, get ready to spend some time in the dugout.

[Higgenbotham]

The real shift has been shifting the bulk of this load from the church to the state.

The US is still conflicted about this because US history includes a long period of capital that could be taken by simply taking possession, adverse possession as far as the natives were concerned, but legal by US law. Free capital means you don't have to deal with a LOT of issues that you'd otherwise be dealing with, and this is our history. If 5 million acres of prime agricultural land in 400 acre lots were suddenly made available for filing costs, and no citizen could file more than once, we'd suddenly have a lot fewer problems. I suppose we'll eventually settle down to it, but the legacy of this period is still a strong influence on our thinking.

I was actually going to bring this up but didn't want to make my previous post any longer. Only 150 years ago, the US was an agrarian society where there was land available to be settled. The social contract in economic terms was simple and amounted to, as I understood from talking to my Grandparents, getting 80 acres of land for $1 and then you were pretty much on your own. With the transformation to industrial societies, much more responsibility for economic well being has been assumed by government and it is much more complex, and that's all happpened since the last generational crisis. The churches always lived within their means and within a balanced budget, and were uniquely prepared for and understood the 7 years of lean, but our government and the citizens are uniquely ill prepared, and the churches are no longer anywhere near the food supply, nor are the cities surrounded by farms as they were during the Great Depression.

[aedens]

Que
Citigroup - flash-crashed to the tune of a $1.2bn market-cap loss in a fraction under 100 milliseconds.

The beginning is a very delicate time.

HFTs are liquidation providers. Please update your records appropriately.

http://www.youtube.com/watch?v=8iyDZBAF ... re=related

[aedens]

http://www.raymondibrahim.com/12197/a-disturbing-event
http://laogai.org/system/files/lrf_laogai_factsheet.pdf

[aedens]

Americans have already collectively rejected their history. http://generationaldynamics.com/forum/v ... 320#p15259
Insurance system called SS, So in one breath "We put those payroll contributions there so as to give the contributors a legal, moral, and political right to collect their pensions and unemployment benefits. With those taxes in there, no damn politician can ever scrap my social security program."

Tucked into the 138 page bill was a clause exempting the Old Order Amish, and any other religious sect who conscientiously objected to insurance, from paying Social Security payments, providing that sect had been in existence since December 31, 1950. After Senate approval in July, the signing of the bill by President Lyndon B. Johnson on August 13, 1965, made it official and canceled tax accounts of some 15,000 Amish people amounting to nearly $250,000."

[OLD1953]

That Norquist does not believe in America is hardly news to anyone who actually reads what the man writes. He's stated dozens of times that his dearest wish is to see the government fail. I never could understand how he managed such a following among "conservatives". One thing is always certain about the politically aligned though, whenever you point out that their hero is damned by his/her own writings and statements, you will be scourged from the temple and thrown in chains. Metaphorically speaking.

Friction with Amish and Mennonites was to be expected as their practices lead to large families and therefore land shortages.

And that brings up the cycle of "OMG, xxxx group is outbreeding everyone and they'll change the face of society". This is usually referring to immigrants of some sort, from an agricultural and impoverished region. In my experience and observation, the first generation does indeed have large families, this was the sign of prosperity in their home region, and they do have a lot of children. The second generation will have a few that have large families, but most of them will not. They look at their parents who are driving a beat up decade old car and living in a rental, and they want better. And the road to better is a smaller family. By the third generation, this is fixed in stone, and families are the same size as tenth generation Americans (or whatever). And that's why we aren't all Chinese, or Irish, or Poles or whichever group you want, depending on the year in which you wish to examine the newspapers in the morgue for the "breeding" panic of the day.