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The Science of Getting Rich: CHAPTER VII [excerpt] by Wallace D. Wattles #Gratitude

--- Gratitude THE ILLUSTRATIONS GIVEN IN THE LAST CHAPTER will have conveyed to the reader the fact that the first step toward getting ...

Thursday, June 28, 2012

#Trade analysis $CADJPY m15

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With 2 days remaining in the month we have an interesting monthly $SPX candle forming

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Wednesday, June 27, 2012

Ancient Aliens - ancient sites built with help from aliens

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Uploaded by Gerbes24 on Jan 20, 2012
S03E06 - Aliens and Ancient Engineers

This episode surmises that several ancient sites were built with help from aliens. Examples given are the ruins of Ollantaytambo in Peru, (an Inca city believed built atop a far older and more advanced-built fortress); the pyramids of Teotihuacan in Mexico, (which use heat and radiation shielding Mica in their engineering); the temples of Vijayanagara in India, (suggested to have been designed to tap into cosmic energy); the temples of Karnak in Egypt, (which show symmetrical and precision sculpting believed unobtainable by primitive hand tools); and the ancient ruins on Malta, (whose designs seems to have incorporated an acoustic energy technology).

Tuesday, June 26, 2012

Incredible Facts of The #Bible

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Wow.. There is a lot more "scientific fact" scattered throughout the bible.. The book of Job is a great source for creation doctrine.



Many thx to @bearishtrader! (on twitter)

$CADJPY short h1 chart

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Grab as many pips as you can safely!

Greg

Monday, June 25, 2012

#Trade progress $USDCAD m1 #scalp

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half closed +3.2 pips.. B/E stop on 2nd half (1.0290 against 1.02897 entry)

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Greg

This morning's $GBPAUD long entries in pictures

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To whom it may concern ;) (This post will mean more to some of you than to others.. ;)

This morning's GBPAUD long entries in pictures..

QUAD-QUAD Tunnel system is making me fat with fiat.. That's exactly why I like it ;)

Enjoy







Greg

Saturday, June 23, 2012

Bank downgrades could hurt customers / customers could hurt banks

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It seems, to me, that capitalism has evolved to the point where it's only purpose is to steal fiat from consumers no matter the consequence.

It is our responsibility, as consumers, to stop the non-sense of banks and large corporations simply by refusing to participate. Simply by not doing business with them but rather with smaller entities who provide more value for the services offered.

This is a very important part of true capitalism that should not be ignored but acted upon. We, as consumers, can force the deflationary environment demanded by the economy simply by changing our own habits of consumption.

Let's fight back against greed and corruption as a collective of intelligent consumers who are sick and tired of being ripped off to support crony capitalism, political and corporate greed and corruption and a strictly debt based, ponzi scheme economy.

We can do this simply by treating our worthless, imaginary fiat as if it truly does have value. By making the accumulation of fiat important rather than the accumulation of debt. By holding on to, and hopefully growing, what we do have rather than financing what we do not.

This is how the banks and multinational corporations operate so why should we not do the same?

Remove your fiat from the large banks. A local credit union, or even a mattress, is a better choice.

Don't sign the ripoff "contracts" offered by major corporations, designed by their army of attorney's only to steal your fiat with no recourse what-so-ever.

We can, and in my opinion should, demand better.

I hope you will please join me in these efforts.

Greg

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Bank downgrades could hurt Loans <-- RGJ.com

NEW YORK — When a major bank’s credit rating is cut, it deals a psychological blow — to customers, the public and financial markets.

So, Thursday’s downgrading of 15 of the world’s largest banks is almost sure to cause wide concern. Most deposits are perfectly safe, but the downgrades could hurt people in more subtle ways: Banks may jack up fees and might be reluctant to lend, which could affect mortgages, credit cards and even the job market.

“It is normal that the first thing that people worry about is whether their money is safe,” said Jim Nadler, chief operating officer at Kroll Bond Ratings Agency. “But the real costs may be hidden.”

Bank deposits up to $250,000 are guaranteed by the Federal Deposit Insurance Corporation.

But the downgrades come at a tenuous time for banks. An avalanche of new regulations adopted after the financial crisis has wiped out many of the fees they charged on credit cards and checking accounts. Banks are also barred from making lucrative bets in the stock and bond markets, eliminating billions of dollars in trading income.

So, banks are now squeezing income from any place they can. Basic services that were once free now cost money. Checking accounts can cost $8, a bank statement $3, canceling a check $2. The list goes on.

In light of the lower ratings, existing fees might climb further and new ones could appear.

“Banks are going to figure out a way to extract revenue from the customer in any way, shape or form,” said Stanley J.G. Crouch, chief investment officer at money manager Aegis Capital.

The top ratings agencies — Moody’s, Standard & Poor’s and Fitch — hold immense sway over how much every company and state or local government pays to borrow money. They assign ratings on a scale that determines the ability of those entities to pay down their debt.

The downgrades could eventually increase the banks’ cost of borrowing in financial markets because investors will demand more interest when they lend the banks money. With interest rates hovering near record lows, most analysts say the cost of borrowing won’t be affected immediately. However, if the ratings remain at these levels and interest rates rise, banks will pay dearly.

For now, investors aren’t worried. The stocks of downgraded banks rose Friday. Bank of America gained 1.5 percent, while JPMorgan Chase and Morgan Stanley each rose 1.3 percent.

The downgrades also suck capital out of banks. That’s because all the large banks sell insurance to investors to protect them from losses on bonds in case of a default.

The downgrades will force banks to set aside billions of dollars in additional reserves because the debt they are insuring has suddenly become riskier. Each notch in the ratings scale triggers automatic requirements for additional money a bank must set aside in reserves.

Because of those requirements, the downgrades will funnel money into reserves and reduce the amount of capital that banks have to lend.

Americans will experience it when they go to their banks for home mortgages, car loans and credit cards.

Already those lending markets are extremely tight.

Since the financial crisis and the bursting of the real estate bubble, banks have become very choosy about lending. During the real estate boom, banks gave out mortgages without checking if people held jobs, whether their income was real and without taking any upfront money.

Today, millions of first-time home buyers are finding it hard to qualify for home loans unless they have stellar credit, a steady employment history and at least 20 percent of the home loan in cash. Experts say the downgrades will make it difficult for banks to provide much relief to less-qualified home buyers.

The number of credit cards issued by banks has also dropped dramatically because they won’t issue cards to people with poor credit. Credit reporting agency TransUnion estimated that more than 8 million people left the credit card market between 2009 and 2010.

“Banks are a good source of many low-cost loans, like car loans, and I worry that these avenues will get narrower,” Nadler said.

Small and medium-size businesses, which typically account for a large portion of hiring in this country, will feel the effects even more. They rely heavily on banks for loans to finance their operations, because they don’t have access to financial markets to raise debt in the same way as large, well-known corporations such as McDonald’s or Coca-Cola.

Since the financial crisis, smaller businesses have been complaining about difficulty getting bank loans. Now there will be even fewer loans to tap and fewer jobs to add.

Americans who invest in bond funds will feel the effects of the downgrades in their quarterly statements. Many pension funds and large mutual funds have rules that don’t allow them to invest in bonds that are rated below a certain level. They will be forced to sell those bonds even if it means a loss.

Ultimately, this takes away all the advantages that banks have over other financial companies, said Andrew Ang, a finance professor at Columbia Business School.

“Banks have less capital to get the best innovations,” Ang said. “So if you have a large amount of money, why even go to a bank?”

Thursday, June 21, 2012

Revelation 14:6-7 And I saw another angel fly in the midst of heaven

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Revelation 14:6-7
King James Version (KJV)

6 And I saw another angel fly in the midst of heaven, having the everlasting gospel to preach unto them that dwell on the earth, and to every nation, and kindred, and tongue, and people,

7 Saying with a loud voice, Fear God, and give glory to him; for the hour of his judgment is come: and worship him that made heaven, and earth, and the sea, and the fountains of waters.

Some thoughts on #prayer

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As some of you may know I have really been struggling with the concept of prayer for a little while now..

I'm an extremely logical person, a realist.. I believe in facts and proof, not rumors and fairy tales..

So when it came to actual prayer it was beginning a prayer by saying "God" that bothered me.. I could not conceptually, logically, convince myself that there was a specific being located somewhere in the "heavens" just waiting for me to ask for world peace, or whatever.. I mean it felt way too much like talking to an imaginary friend..

Please do not take me the wrong way.. I believe in God.. There is a history book called the Holy Bible that tells us all about God, our own creation, how we are to live and behave. Pretty much the history of humanity..

It was just the simple act of personally speaking to someone who did not, specifically, reply back to me, who I could not see that I could not seem to rectify with logic.

I have studied about it some.. and I have prayed about it some.

Here is a bit of biblical reference.

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Luke 11
New International Version (NIV)

Jesus’ Teaching on Prayer

11 One day Jesus was praying in a certain place. When he finished, one of his disciples said to him, “Lord, teach us to pray, just as John taught his disciples.”

2 He said to them, “When you pray, say:

“‘Father,[a]
hallowed be your name,
your kingdom come.[b]
3 Give us each day our daily bread.
4 Forgive us our sins,
for we also forgive everyone who sins against us.[c]
And lead us not into temptation.[d]’”

5 Then Jesus said to them, “Suppose you have a friend, and you go to him at midnight and say, ‘Friend, lend me three loaves of bread; 6 a friend of mine on a journey has come to me, and I have no food to offer him.’ 7 And suppose the one inside answers, ‘Don’t bother me. The door is already locked, and my children and I are in bed. I can’t get up and give you anything.’ 8 I tell you, even though he will not get up and give you the bread because of friendship, yet because of your shameless audacity[e] he will surely get up and give you as much as you need.

9 “So I say to you: Ask and it will be given to you; seek and you will find; knock and the door will be opened to you. 10 For everyone who asks receives; the one who seeks finds; and to the one who knocks, the door will be opened.

11 “Which of you fathers, if your son asks for[f] a fish, will give him a snake instead? 12 Or if he asks for an egg, will give him a scorpion? 13 If you then, though you are evil, know how to give good gifts to your children, how much more will your Father in heaven give the Holy Spirit to those who ask him!”

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1 Corinthians 3:16
King James Version (KJV)
16 Know ye not that ye are the temple of God, and that the Spirit of God dwelleth in you?

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Exodus 31:3
and I have filled him with the Spirit of God, with wisdom, with understanding, with knowledge and with all kinds of skills—

2 Chronicles 1:10
Give me wisdom and knowledge, that I may lead this people, for who is able to govern this great people of yours?”

2 Chronicles 1:11
God said to Solomon, “Since this is your heart’s desire and you have not asked for wealth, possessions or honor, nor for the death of your enemies, and since you have not asked for a long life but for wisdom and knowledge to govern my people over whom I have made you king,

2 Chronicles 1:12
therefore wisdom and knowledge will be given you. And I will also give you wealth, possessions and honor, such as no king who was before you ever had and none after you will have.”

1 Kings 4:29
God gave Solomon wisdom and very great insight, and a breadth of understanding as measureless as the sand on the seashore.

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Be forewarned that I am an Ancient Aliens theorist enthusiast ;)

I guess maybe I'm weird but here's where I think all this seems to point..

If the Anunnaki modified our DNA thousands of years ago that would pretty much make them gods to me..

If some alien race, or God, at some point in our distant past gave humanity the ability to think, to reason, to feel compassion and love by splicing their own DNA into our own that qualifies them to me.

Check this out.. What if the Holy Spirit within us = our alien DNA?

Psalm 51:11
Do not cast me from your presence or take your Holy Spirit from me.

Daniel 4:8
Finally, Daniel came into my presence and I told him the dream. (He is called Belteshazzar, after the name of my god, and the spirit of the holy gods is in him.)

Daniel 4:9
I said, “Belteshazzar, chief of the magicians, I know that the spirit of the holy gods is in you, and no mystery is too difficult for you. Here is my dream; interpret it for me.

Daniel 4:18
“This is the dream that I, King Nebuchadnezzar, had. Now, Belteshazzar, tell me what it means, for none of the wise men in my kingdom can interpret it for me. But you can, because the spirit of the holy gods is in you.”

Daniel 5:11
There is a man in your kingdom who has the spirit of the holy gods in him. In the time of your father he was found to have insight and intelligence and wisdom like that of the gods. Your father, King Nebuchadnezzar, appointed him chief of the magicians, enchanters, astrologers and diviners.

Genesis 2:9
The LORD God made all kinds of trees grow out of the ground—trees that were pleasing to the eye and good for food. In the middle of the garden were the tree of life and the tree of the knowledge of good and evil.

Genesis 2:17
but you must not eat from the tree of the knowledge of good and evil, for when you eat from it you will certainly die.”

Genesis 3:5
“For God knows that when you eat from it your eyes will be opened, and you will be like God, knowing good and evil.”

Genesis 3:22
And the LORD God said, “The man has now become like one of us, knowing good and evil. He must not be allowed to reach out his hand and take also from the tree of life and eat, and live forever.”


This all seems to say to me that prayer is the form of communication we have with ourselves.. though not exactly ourselves.. but it's how we communicate with our alien DNA, or the Holy Spirit within us.

The bible stresses love / fear of the almighty God. And that we should have a yearning for wisdom and understanding. And that the first of the law is love.

I have almost reached the conclusion that prayer is essentially the same as deep meditation. That it is how we commune with our inner self or Holy Spirit. That prayer can be used to modify our own behavior, to reprogram who we are, what we think, how we act.

That this truly does put everything within our reach due to the glory of God.

Ecclesiastes 1:10-11
10 Is there any thing whereof it may be said, See, this is new? it hath been already of old time, which was before us.

11 There is no remembrance of former things; neither shall there be any remembrance of things that are to come with those that shall come after.

Greg ;)

This mornings $EURUSD short #trade #FX

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I did not tweet this trade as it all happened very fast..

Here is a good example of what I try to do.. I try to be in the market as short a period of time as possible. In other words I prefer to be immediately correct lol

You can see this entire trade lasted about 20 minutes total (most of it closer to 10 minutes). See chart of the actual trade.

(Listed in order of exits)

EUR/USD 1 S 1.26579 1.26460 11.9 6/21/2012 09:25 6/21/2012 09:38
EUR/USD 1 S 1.26575 1.26460 11.5 6/21/2012 09:24 6/21/2012 09:38
EUR/USD 1 S 1.26579 1.26460 11.9 6/21/2012 09:24 6/21/2012 09:38
EUR/USD 1 S 1.26555 1.26330 22.5 6/21/2012 09:27 6/21/2012 09:39
EUR/USD 1 S 1.26557 1.26330 22.7 6/21/2012 09:27 6/21/2012 09:39
EUR/USD 1 S 1.26555 1.26248 30.7 6/21/2012 09:27 6/21/2012 09:45

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Greg

Tuesday, June 19, 2012

I'm thinking about selling nipples on here.. What do you think?

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I found out nipples come in all shapes, sizes & colors..

Trust me.. these pictures were more difficult to find than the other type LMAO

At any rate.. I'm still alive..

;)

Greg

Friday, June 15, 2012

Tunnel analysis $GBPUSD h1


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Greg

#Important #message from #FXCM #FX

Sent: 6/15/2012 12:49
Subject: CAUTION: IMMENSE VOLATILITY POSSIBLE

Market Condition


--------------------------------------------------------------------------------

CAUTION: IMMENSE VOLATILITY POSSIBLE

The Greek elections on June 17th could cause immense volatility in the currency market, especially for Euro based pairs. Please factor this possibility into your trading as reduced leverage may be warranted.

For more information about the Greek Parliament Elections, please review this DailyFX article:

CAUTION: Greek Elections Could Spur Immense Volatility, Euro Outlook Unclear by Christopher Vecchio

Saturday, June 2, 2012

What tunnels and fib levels can do for your #trading #FX

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Comment welcome

Greg

More on #Banker Bastards: Colleges' #bank deals saddle students with big debit-card #fees

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This is the sort of outrageous crap that is wrong with our economy. Our economy will never get better as long as this sort of sleaze is allowed to continue.

This story was grabbed from the L.A. Times
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Colleges' bank deals saddle students with big debit-card fees

Associated Press
May 30, 2012, 1:38 p.m.

As many as 900 colleges are pushing students into using payment cards that carry hefty costs, sometimes even to get to their financial aid money, according to a report released Wednesday by a public interest group.

Colleges and banks rake in millions from the fees, often through secretive deals and sometimes in apparent violation of federal law, according to the report, an early copy of which was obtained by the Associated Press.

More than 2 in 5 U.S. higher-education students — more than 9 million people — attend schools that have deals with financial companies, says the report, written by the U.S. Public Interest Research Group's Education Fund.

"For decades, student aid was distributed without fees," said Rich Williams, the report's lead author. "Now bank middlemen are making out like bandits using campus cards to siphon off millions of student aid dollars."

Financial companies such as Higher One shift the cost of handing out financial aid money from universities, which no longer have to print and mail checks, to fee-paying students, Williams said.

The fees add to the mountain of debt many students already take on to get a degree. U.S. student debt tops $1 trillion, according to the Consumer Financial Protection Bureau.

Student loans have surpassed credit cards as the biggest source of unsecured debt in America, according to the bureau, which regulates credit cards and private student lenders.

It took Mario Parker-Milligan less than a semester to decide that he was paying too many fees to Higher One, the company hired by his college to pay out students' financial aid on debit cards.

Four years after he opted out, his classmates still face more than a dozen fees — for replacement cards, for using the cards as all-purpose debit cards, for using an ATM other than the two on-campus kiosks owned by Higher One.

"They sold it as a faster, cheaper way for the college to get students their money," said Parker-Milligan, 23, student body president at Lane Community College in Eugene, Ore. "It may be cheaper for the college, but it's not cheaper for the students."

Among the fees charged by Higher One, according to its website, is a $50 "lack of documentation fee" for students who fail to submit certain paperwork. The U.S. Education Department called the charging of such fees "unallowable" in guidance to financial aid officers issued last month.

Higher One founder and Chief Operations Officer Miles Lasater said the company takes compliance with the government's rules "very seriously" and officially swears that to the government each year.

"We are committed to providing good value accounts that are designed for college students," he said, and students must review the company's fee list when they sign up for an account. He cited a study commissioned by Higher One that declared Higher One "a low-cost provider for this market." The same study found that the median fees charged to the 2 million students with Higher One accounts totaled $49 annually.

Among the fees charged to students who open Higher One accounts: $50 if an account is overdrawn for more than 45 days, $10 per month if the student stops using his or her account for six months, $29 to $38 for overdrawing an account with a recurring bill payment, and 50 cents to use a PIN instead of a signature system at a retail store.

Higher One has agreements with 520 campuses that enroll more than 4.3 million students, or about one-fifth of the students enrolled in college nationwide, according to public filings and the Public Interest Research Group report. Wells Fargo Bank and US Bank combined have deals with schools that enroll 3.7 million, the report says.

You CANNOT vote for Romney! Support #RonPaul

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Here is just a little bit of truth from a politician (I know.. shocking..)

Lyons said..

"If pampering Wall Street bankers is your issue, Mitt's definitely your man." (Which I agree is true)

Romney said this about the deficit..

"Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5 percent," Romney said. "That is by definition throwing us into recession or depression. So I'm not going to do that, of course ... I don't want to have us go into a recession in order to balance the budget."

Basically Romney is admitting that our entire economy (as bad as it is) is being propped up solely by government deficit spending and that without endless over the top government (deficit) spending, coupled with criminal counterfeiting of fiat via the Federal Reserve bank which is then handed over to corrupt, insolvent banks free of charge, we are quite plainly doomed.

If you think President Obama hasn't done nearly enough to curb Wall Street greed and corruption putting Romney in office would be twice as bad. Romney will do whatever it takes to make sure fat cat bankers get ever richer at your expense. Romney will support the criminal activities of the Federal Reserve bank till his last dying breath.

Merely cutting a measly 1 trillion dollars from the federal budget would reduce GDP by 5% ?! That is PROOF beyond doubt that we ARE in a depression now and our debt based, ponzi, economy is being artificially supported by a frightened, greedy, corrupt, elite corp of government and Federal Reserve Bank liars and manipulators.

End Greg rant ;)

See bottom of post for Ron Paul's solution
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Here's the full article from Galesburg.com

GALESBURG —

Speaking of a particularly creative murder suspect whose alibis grew increasingly more improbable, a veteran prosecutor once put it to me this way: "I've always found it's easier to keep your story straight if you're telling the truth to begin with."

Paralyzingly obvious, perhaps. Yet it's amazing how often people can get caught up in a well-told tale they wish to believe. The murderer had a considerable public following for a time.

So it is in politics. All politicians dissemble some of the time, and we pretend to believe them. To name an obligatory political event in my home state, do you think they're really thrilled to attend the annual Gillette, Ark. raccoon supper? Yet Bill Clinton and Sen. Dale Bumpers once crash-landed in an airplane getting there. What they do like is the admiration of crowds.

So it was with President Obama's membership in Rev. Jeremiah Wright's Chicago congregation. Contrary to Mayor Cory Booker, there's nothing "nauseating" about saying so. Did Obama share Wright's impassioned racial views? Perhaps about as much as Catholics like me share the Vatican's pronouncements about birth control. As an outsider with an unusual biography, Obama joined a church that sent the same message to his South Side constituents the Gillette coon supper sends to rural Arkansans: "I'm one of you."

So when Obama changed constituents, he ended up having to change churches. Like most successful politicians, he's a shape-shifter. Most of us are OK with that. We know they're playing a role, but it's a role that flatters our self-importance. As long as they stay within hailing distance of reality, that is.

Then there's Mitt Romney, a politician who takes impersonation to a whole new level. Keep his story straight? The presumptive GOP nominee's been on so many sides of so many different issues, it's a wonder he can remember his own name. Has there ever been a presidential candidate who's so bad at pretending?

OK, Nixon. A scary thought for Democrats, actually. Certain voters obviously respond favorably to having their egos stoked -- the more insincerely, the better. I imagine it makes them feel powerful.

Most, however, are looking for somebody to take their side. That's why if it were up to me, I'd erect billboards of that posed publicity photo of Romney and his associates at Bain Capital grinning maniacally with $20 bills falling out of their pockets and stuffed in their ears across every swing state. If pampering Wall Street bankers is your issue, Mitt's definitely your man.

For all the bloviating about whether it was sporting for the Obama campaign to point out that much of Romney's personal fortune was gained by strip-mining companies of their assets, gaming the tax code and leaving workers jobless -- with looted pension plans and vanished health care benefits -- it amazed me that so little attention was paid to the story that photo tells.

Short of hiring a George W. Bush impersonator to lead cheers at Romney rallies, it's the clearest visual evidence of who the GOP candidate is and what he's all about. Workers to him were pixels on a screen. The end.

But it's Romney's inability to keep his story straight that's really apt to doom his candidacy. If there's one story GOP imagineers have successfully sold to millions of swing voters, it's that deficit spending endangers prosperity. It's altogether false, but millions believe it. That President Obama has ignited what Romney calls "a prairie fire of debt" has become an article of faith.

So why wouldn't a newly elected President Romney propose getting rid of the Federal budget deficit during his first year in office? Time's ever-solicitous Mark Halperin asked in a recent interview. Romney's answer revealed that he believes little or nothing of what he (along virtually every Republican) has been saying over the past three years.

=============
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"Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5 percent," Romney said. "That is by definition throwing us into recession or depression. So I'm not going to do that, of course ... I don't want to have us go into a recession in order to balance the budget."

=============
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No rational person does want that; merely every Republican from sea to shining sea. Equally absurd, Romney also proposes sweeping tax cuts that would have the effect, according to the non-partisan Tax Policy Center, of adding an additional $500 billion to the yearly deficit. And that's before Romney's promised boost in military spending.

There are really only two things to say. First, as Michael Tomasky points out, Romney understands that "what the GOP Congress has been doing for the past three years is (deliberately) wrecking the economy."

Second, he thinks most voters are economic illiterates who are easily fooled. It's scary to wonder if he's right.

Arkansas Times columnist Gene Lyons is a National Magazine Award winner and co-author of "The Hunting of the President" (St. Martin's Press, 2000). You can email Lyons at eugenelyons2@yahoo.com.

Here's what Ron Paul says CAN and SHOULD happen.