---
Proverbs 6:6-11
Today's New International Version (TNIV)
6 Go to the ant, you sluggard;
consider its ways and be wise!
7 It has no commander,
no overseer or ruler,
8 yet it stores its provisions in summer
and gathers its food at harvest.
9 How long will you lie there, you sluggard?
When will you get up from your sleep?
10 A little sleep, a little slumber,
a little folding of the hands to rest —
11 and poverty will come on you like a thief
and scarcity like an armed man.
Tuesday, July 31, 2012
"The Day of the Lord" - Biblegateway search results
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Isaiah 2:12
For the day of the LORD of hosts shall be upon every one that is proud and lofty, and upon every one that is lifted up; and he shall be brought low:
Isaiah 13:6
Howl ye; for the day of the LORD is at hand; it shall come as a destruction from the Almighty.
Isaiah 13:9
Behold, the day of the LORD cometh, cruel both with wrath and fierce anger, to lay the land desolate: and he shall destroy the sinners thereof out of it.
Isaiah 34:8
For it is the day of the LORD's vengeance, and the year of recompences for the controversy of Zion.
Jeremiah 46:10
For this is the day of the Lord GOD of hosts, a day of vengeance, that he may avenge him of his adversaries: and the sword shall devour, and it shall be satiate and made drunk with their blood: for the Lord GOD of hosts hath a sacrifice in the north country by the river Euphrates.
Lamentations 2:22
Thou hast called as in a solemn day my terrors round about, so that in the day of the LORD's anger none escaped nor remained: those that I have swaddled and brought up hath mine enemy consumed.
Ezekiel 13:5
Ye have not gone up into the gaps, neither made up the hedge for the house of Israel to stand in the battle in the day of the LORD.
Ezekiel 30:3
For the day is near, even the day of the LORD is near, a cloudy day; it shall be the time of the heathen.
Joel 1:15
Alas for the day! for the day of the LORD is at hand, and as a destruction from the Almighty shall it come.
Joel 2:1
Blow ye the trumpet in Zion, and sound an alarm in my holy mountain: let all the inhabitants of the land tremble: for the day of the LORD cometh, for it is nigh at hand;
Isaiah 2:12
For the day of the LORD of hosts shall be upon every one that is proud and lofty, and upon every one that is lifted up; and he shall be brought low:
Isaiah 13:6
Howl ye; for the day of the LORD is at hand; it shall come as a destruction from the Almighty.
Isaiah 13:9
Behold, the day of the LORD cometh, cruel both with wrath and fierce anger, to lay the land desolate: and he shall destroy the sinners thereof out of it.
Isaiah 34:8
For it is the day of the LORD's vengeance, and the year of recompences for the controversy of Zion.
Jeremiah 46:10
For this is the day of the Lord GOD of hosts, a day of vengeance, that he may avenge him of his adversaries: and the sword shall devour, and it shall be satiate and made drunk with their blood: for the Lord GOD of hosts hath a sacrifice in the north country by the river Euphrates.
Lamentations 2:22
Thou hast called as in a solemn day my terrors round about, so that in the day of the LORD's anger none escaped nor remained: those that I have swaddled and brought up hath mine enemy consumed.
Ezekiel 13:5
Ye have not gone up into the gaps, neither made up the hedge for the house of Israel to stand in the battle in the day of the LORD.
Ezekiel 30:3
For the day is near, even the day of the LORD is near, a cloudy day; it shall be the time of the heathen.
Joel 1:15
Alas for the day! for the day of the LORD is at hand, and as a destruction from the Almighty shall it come.
Joel 2:1
Blow ye the trumpet in Zion, and sound an alarm in my holy mountain: let all the inhabitants of the land tremble: for the day of the LORD cometh, for it is nigh at hand;
Friday, July 27, 2012
Here's why I shorted $SPX
---
Maybe I'm dumb who TF knows.. But I'm going to start building a short position here here & add forever if I have to..
I keep this SPX monthly chart handy at all times
Here's the same chart on m15
Greg
Maybe I'm dumb who TF knows.. But I'm going to start building a short position here here & add forever if I have to..
I keep this SPX monthly chart handy at all times
Here's the same chart on m15
Greg
Monday, July 23, 2012
Sunday, July 22, 2012
Could USA have a civil war one day? #Syria
---
[I changed the wording around a little bit in this quote from the article below..
Just for FUN LMAO -Greg]
"America's regime is condemned by it's own people, who show great courage," *I* said. "It's time to prepare for the transition and the day after."
*I* also encourage the opposition — which is fractious and beset by infighting — to unite.
"It's time for the opposition to get started on taking control of the country," *I* said. "We want the rapid formation of an interim government that will be representative of the diversity of American society."
Washington and Delaware are both home to elites who have benefited from close ties to the regime, as well as merchant classes and minority groups who worry their status will suffer if Assad falls.
---
Syria revolt reaches Aleppo; rebels target cities
ZEINA KARAM, Associated Press
Updated 05:04 p.m., Saturday, July 21, 2012
BEIRUT (AP) — Riding a wave of momentum, Syrian rebels made a run on Aleppo Saturday in some of the fiercest fighting seen in the country's largest city, which has been a key bastion of support for President Bashar Assad over the course of the 17-month-old uprising.
The rebels also took over a third border crossing — and the second one along Syria's frontier with Iraq — another sign the regime's tight grip on the country is wobbling.
The fighting in Aleppo comes on the heels of intense clashes in the capital, Damascus, as rebel forces target the pillars of regime power in their attempts to usher in what they hope will be the end of Assad's rule.
"There were huge explosions and the gunfire didn't stop for several hours," Aleppo-based activist Mohammad Saeed told The Associated Press via Skype. "The uprising has finally reached Aleppo."
The city has remained largely loyal to Assad and been spared the kind of daily bloodshed that has plagued other areas.
But Saeed said dozens of fighters from the rag-tag Free Syrian Army entered Aleppo — a commercial hub — from the countryside and were fighting regime troops from inside.
It was the first sustained fighting in the city center, focused on the Salaheddine district, although there have been protests in Aleppo and violence on the outskirts.
The rebels have put the regime on the defensive after a week of battles in the capital, Damascus, including a bombing that struck at the heart of the regime, killing four high-level government officials. The coming days will be crucial to determining whether the regime can recover from the blows, which have punctured the sense that Assad's hold on the country is impenetrable.
Rebels also took over the Syrian side of the border crossing at the Iraqi town of Rabiya, 520 kilometers (320 miles) northwest of Baghdad, according to Atheel al-Nujaifi, the governor of Iraq's Ninevah province.
Iraqi officials said rebels tore up and shot at posters of Assad but did not face any resistance from regime authorities who surrendered the sprawling, dusty border crossing peacefully. Iraqi officials quickly barricaded the crossing and ordered additional troops to secure the area.
Rebels also seized the Syrian side of the border crossing at the Iraqi border town of Qaim on Thursday. Rebels also attacked a remote Syrian military post near the border on Thursday, killing 21 soldiers, and overran a border checkpoint with Turkey last week.
French Foreign Minister Laurent Fabius warned Assad to prepare to leave.
"Bashar Assad's regime is condemned by his own people, who show great courage," Fabius said. "It's time to prepare for the transition and the day after."
He also encouraged the opposition — which is fractious and beset by infighting — to unite.
"It's time for the opposition to get started on taking control of the country," he said. "We want the rapid formation of an interim government that will be representative of the diversity of Syrian society."
Damascus and Aleppo are both home to elites who have benefited from close ties to Assad's regime, as well as merchant classes and minority groups who worry their status will suffer if Assad falls.
But for months, rebels have been gaining strength in poorer towns and cities in the Aleppo countryside, gaining footholds near the Turkish border.
Anger has been building inside Aleppo at the government's deadly crackdown on the uprising and in recent months, huge anti-government demonstrations have broken out, particularly among students at Aleppo University.
In May, Syrian forces stormed student dormitories during an anti-government protest at the university, firing tear gas and bullets in an hours-long siege that killed four students and forced the closure of the state-run school.
An amateur video posted online by activists showed Aleppo residents walking with bags of belongings or packing into cars and driving away.
Another video showed protesters pounding an iron bust of Assad's late father, Hafez, with rocks in an attempt to break it. The videos could not be independently verified.
Activists and residents reported relative calm in Damascus on Saturday, although sporadic gunfire and explosions could be heard.
Two residents who did not want to be identified for safety reasons said by telephone that the fighting peaked between 1 a.m. and 3 a.m. local time.
One of the residents said most shops in the capital were closed Saturday and traffic was light.
Authorities have set up checkpoints at the entrances of Damascus in an effort to separate it from rebellious suburbs, and the resident said many grocery stores and vegetable vendors were unable to get supplies.
Piles of rubbish were starting to pile up in many parts of the city.
"The tension is palpable, people are scared about what might be coming," the resident said by telephone from the upscale middle class Mazzeh district. "A lot of people are just staying at home."
The Britain-based Syrian Observatory for Human Rights and a Damascus-based activist said two people were found dead in the Midan district after regime forces stormed their apartment. The activist, who gave his name as Omar al-Dimashqi, said the pair had been stabbed with knives, but that could not be independently confirmed.
Syrian forces recaptured the battle-scarred neighborhood on Friday and proudly showed reporters the dead bodies of rebel fighters lying in rubble-strewn streets.
The fighting in Damascus has sent thousands of Syrians pouring into neighboring Lebanon and Iraq.
Iraqi officials said about 1,000 nationals had left in eight flights from Damascus over the last two days to escape the escalating civil war. An estimated 5,000 more has poured through a land crossing by Saturday, despite the rebel takeover of a major Syria border post farther north.
Capt. Saad al-Khafaji of the state-owned Iraqi Airways said Iraqi authorities sent four airplanes to Damascus airport Saturday to evacuate Iraqis stranded in the Syrian capital.
"The planes are waiting for Iraqi passengers, but few are showing up at Damascus airport," he said, adding it was due to difficulties in reaching the airport because of the violence.
Also Saturday, U.N. Secretary-General Ban Ki-moon said he is sending U.N. peacekeeping chief Herve Ladsous to Syria to assess the situation.
The U.N. Security Council unanimously approved a resolution Friday renewing the 300-strong U.N. observer force in Syria for 30 days. The resolution was a lifeline for the unarmed observers who were sent to Syria three months ago to monitor a cease-fire that never happened.
Ban urged all sides to stop the violence, but he singled out the Syrian government, saying it must "stop the killing and the use of heavy weapons against the population centers."
___
Associated Press writers Qassim Abdul-Zahra and Sameer N. Yacoub contributed to this report from Baghdad.
[I changed the wording around a little bit in this quote from the article below..
Just for FUN LMAO -Greg]
"America's regime is condemned by it's own people, who show great courage," *I* said. "It's time to prepare for the transition and the day after."
*I* also encourage the opposition — which is fractious and beset by infighting — to unite.
"It's time for the opposition to get started on taking control of the country," *I* said. "We want the rapid formation of an interim government that will be representative of the diversity of American society."
Washington and Delaware are both home to elites who have benefited from close ties to the regime, as well as merchant classes and minority groups who worry their status will suffer if Assad falls.
---
Syria revolt reaches Aleppo; rebels target cities
ZEINA KARAM, Associated Press
Updated 05:04 p.m., Saturday, July 21, 2012
BEIRUT (AP) — Riding a wave of momentum, Syrian rebels made a run on Aleppo Saturday in some of the fiercest fighting seen in the country's largest city, which has been a key bastion of support for President Bashar Assad over the course of the 17-month-old uprising.
The rebels also took over a third border crossing — and the second one along Syria's frontier with Iraq — another sign the regime's tight grip on the country is wobbling.
The fighting in Aleppo comes on the heels of intense clashes in the capital, Damascus, as rebel forces target the pillars of regime power in their attempts to usher in what they hope will be the end of Assad's rule.
"There were huge explosions and the gunfire didn't stop for several hours," Aleppo-based activist Mohammad Saeed told The Associated Press via Skype. "The uprising has finally reached Aleppo."
The city has remained largely loyal to Assad and been spared the kind of daily bloodshed that has plagued other areas.
But Saeed said dozens of fighters from the rag-tag Free Syrian Army entered Aleppo — a commercial hub — from the countryside and were fighting regime troops from inside.
It was the first sustained fighting in the city center, focused on the Salaheddine district, although there have been protests in Aleppo and violence on the outskirts.
The rebels have put the regime on the defensive after a week of battles in the capital, Damascus, including a bombing that struck at the heart of the regime, killing four high-level government officials. The coming days will be crucial to determining whether the regime can recover from the blows, which have punctured the sense that Assad's hold on the country is impenetrable.
Rebels also took over the Syrian side of the border crossing at the Iraqi town of Rabiya, 520 kilometers (320 miles) northwest of Baghdad, according to Atheel al-Nujaifi, the governor of Iraq's Ninevah province.
Iraqi officials said rebels tore up and shot at posters of Assad but did not face any resistance from regime authorities who surrendered the sprawling, dusty border crossing peacefully. Iraqi officials quickly barricaded the crossing and ordered additional troops to secure the area.
Rebels also seized the Syrian side of the border crossing at the Iraqi border town of Qaim on Thursday. Rebels also attacked a remote Syrian military post near the border on Thursday, killing 21 soldiers, and overran a border checkpoint with Turkey last week.
French Foreign Minister Laurent Fabius warned Assad to prepare to leave.
"Bashar Assad's regime is condemned by his own people, who show great courage," Fabius said. "It's time to prepare for the transition and the day after."
He also encouraged the opposition — which is fractious and beset by infighting — to unite.
"It's time for the opposition to get started on taking control of the country," he said. "We want the rapid formation of an interim government that will be representative of the diversity of Syrian society."
Damascus and Aleppo are both home to elites who have benefited from close ties to Assad's regime, as well as merchant classes and minority groups who worry their status will suffer if Assad falls.
But for months, rebels have been gaining strength in poorer towns and cities in the Aleppo countryside, gaining footholds near the Turkish border.
Anger has been building inside Aleppo at the government's deadly crackdown on the uprising and in recent months, huge anti-government demonstrations have broken out, particularly among students at Aleppo University.
In May, Syrian forces stormed student dormitories during an anti-government protest at the university, firing tear gas and bullets in an hours-long siege that killed four students and forced the closure of the state-run school.
An amateur video posted online by activists showed Aleppo residents walking with bags of belongings or packing into cars and driving away.
Another video showed protesters pounding an iron bust of Assad's late father, Hafez, with rocks in an attempt to break it. The videos could not be independently verified.
Activists and residents reported relative calm in Damascus on Saturday, although sporadic gunfire and explosions could be heard.
Two residents who did not want to be identified for safety reasons said by telephone that the fighting peaked between 1 a.m. and 3 a.m. local time.
One of the residents said most shops in the capital were closed Saturday and traffic was light.
Authorities have set up checkpoints at the entrances of Damascus in an effort to separate it from rebellious suburbs, and the resident said many grocery stores and vegetable vendors were unable to get supplies.
Piles of rubbish were starting to pile up in many parts of the city.
"The tension is palpable, people are scared about what might be coming," the resident said by telephone from the upscale middle class Mazzeh district. "A lot of people are just staying at home."
The Britain-based Syrian Observatory for Human Rights and a Damascus-based activist said two people were found dead in the Midan district after regime forces stormed their apartment. The activist, who gave his name as Omar al-Dimashqi, said the pair had been stabbed with knives, but that could not be independently confirmed.
Syrian forces recaptured the battle-scarred neighborhood on Friday and proudly showed reporters the dead bodies of rebel fighters lying in rubble-strewn streets.
The fighting in Damascus has sent thousands of Syrians pouring into neighboring Lebanon and Iraq.
Iraqi officials said about 1,000 nationals had left in eight flights from Damascus over the last two days to escape the escalating civil war. An estimated 5,000 more has poured through a land crossing by Saturday, despite the rebel takeover of a major Syria border post farther north.
Capt. Saad al-Khafaji of the state-owned Iraqi Airways said Iraqi authorities sent four airplanes to Damascus airport Saturday to evacuate Iraqis stranded in the Syrian capital.
"The planes are waiting for Iraqi passengers, but few are showing up at Damascus airport," he said, adding it was due to difficulties in reaching the airport because of the violence.
Also Saturday, U.N. Secretary-General Ban Ki-moon said he is sending U.N. peacekeeping chief Herve Ladsous to Syria to assess the situation.
The U.N. Security Council unanimously approved a resolution Friday renewing the 300-strong U.N. observer force in Syria for 30 days. The resolution was a lifeline for the unarmed observers who were sent to Syria three months ago to monitor a cease-fire that never happened.
Ban urged all sides to stop the violence, but he singled out the Syrian government, saying it must "stop the killing and the use of heavy weapons against the population centers."
___
Associated Press writers Qassim Abdul-Zahra and Sameer N. Yacoub contributed to this report from Baghdad.
Saturday, July 21, 2012
It's ALL about the #fiat
---
When you turn on your faucet that's not water that comes out.. Same deal with that cool / warm air from your vents. That's not light emitting from that bulb.. Nor your favorite show on the tube. The "music" on your mp3 player isn't music.. It's fiat.
It's all fiat that flows from your various "fixtures"..
From you to them..
You see what we used to call "capitalism" seems to have "evolved" into something quite different.
Utility companies have hooked themselves up directly to our fiat. Many people have set up auto pay in their checking accounts as a "convenience".
If you think about it (really hard) you might realize that not that long ago when people were cold they built a fire. When they were hot they got in some water or shade or just "toughed it out". When they needed light they lit a candle. What food they needed to survive (not become round) they grew or killed themselves..
What was important at one point in our collective history was the ability to survive. To be able to sustain ourselves.
Utility companies and major corporations got nothing from them.
Our auto insurance company refuses to take any form of payment other than a direct connection to our private checking account. Basically, once a month, they just write themselves a check out of our account.
Corporations are not too stupid.. they are way too smart, and devious. The entire "game" of capitalism has become one of how best to suck the maximum amount of fiat out of the maximum number of sh/people in the shortest period of time.
It's no longer at all about noble causes such as providing value for fiat.
Who else wants "our" fiat?
Governments, banks and other corporations.
They are all lined up with their one sided, legally binding contracts and collections departments.
The only way to truly BE free is to be debt free.. To owe no one anything. To protect your fiat as if it were actually valuable LMAO
WikiPediA
Fiat money is money that derives its value from government regulation or law: the initial value of fiat money is established by government decree. The term fiat currency is also used when the fiat money is used as the main currency of the country. The term derives from the Latin fiat ("let it be done", "it shall be")
Characteristics
The term fiat money has been defined variously as:
any money declared by a government to be legal tender.[5]
state-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard.[6]
money without intrinsic value.[7][8]
While specie-backed representative money entails the legal requirement that the bank of issue redeem it in fixed weights of specie, fiat money's value is unrelated to the value of any physical quantity. Even a coin containing valuable metal may be considered fiat currency if its face value is higher than its market value as metal.
A feature of all fiat money is its acceptability to the government for payment of taxes and charges, or purchase of government debt, such as bonds, notes, and bills.
Fiat money is not essential for large countries, nor is it always used. An economy may function on banknotes issued by commercial banks, which are not legal tender, and hence not fiat money. This was the situation in the United States during periods prior to 1862, before the first United States Notes were created and declared by the government to be legal tender.
Fiat has value ONLY because YOU think it does.. If Americans, or any other countries citizens for that matter, lose faith in a fiat currency then it simply ceases to exist. It is worth it's intrinsic value, the value of the paper it's printed on, nothing, zero.
In our own household we try to protect our fiat.
It's not really because we love and lust after it like everyone else on the planet.
It's mainly because I derive a great deal of pleasure out of depriving government, banks and corporations of as much of my fiat as is humanly possible.
Greg
When you turn on your faucet that's not water that comes out.. Same deal with that cool / warm air from your vents. That's not light emitting from that bulb.. Nor your favorite show on the tube. The "music" on your mp3 player isn't music.. It's fiat.
It's all fiat that flows from your various "fixtures"..
From you to them..
You see what we used to call "capitalism" seems to have "evolved" into something quite different.
Utility companies have hooked themselves up directly to our fiat. Many people have set up auto pay in their checking accounts as a "convenience".
If you think about it (really hard) you might realize that not that long ago when people were cold they built a fire. When they were hot they got in some water or shade or just "toughed it out". When they needed light they lit a candle. What food they needed to survive (not become round) they grew or killed themselves..
What was important at one point in our collective history was the ability to survive. To be able to sustain ourselves.
Utility companies and major corporations got nothing from them.
Our auto insurance company refuses to take any form of payment other than a direct connection to our private checking account. Basically, once a month, they just write themselves a check out of our account.
Corporations are not too stupid.. they are way too smart, and devious. The entire "game" of capitalism has become one of how best to suck the maximum amount of fiat out of the maximum number of sh/people in the shortest period of time.
It's no longer at all about noble causes such as providing value for fiat.
Who else wants "our" fiat?
Governments, banks and other corporations.
They are all lined up with their one sided, legally binding contracts and collections departments.
The only way to truly BE free is to be debt free.. To owe no one anything. To protect your fiat as if it were actually valuable LMAO
WikiPediA
Fiat money is money that derives its value from government regulation or law: the initial value of fiat money is established by government decree. The term fiat currency is also used when the fiat money is used as the main currency of the country. The term derives from the Latin fiat ("let it be done", "it shall be")
Characteristics
The term fiat money has been defined variously as:
any money declared by a government to be legal tender.[5]
state-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard.[6]
money without intrinsic value.[7][8]
While specie-backed representative money entails the legal requirement that the bank of issue redeem it in fixed weights of specie, fiat money's value is unrelated to the value of any physical quantity. Even a coin containing valuable metal may be considered fiat currency if its face value is higher than its market value as metal.
A feature of all fiat money is its acceptability to the government for payment of taxes and charges, or purchase of government debt, such as bonds, notes, and bills.
Fiat money is not essential for large countries, nor is it always used. An economy may function on banknotes issued by commercial banks, which are not legal tender, and hence not fiat money. This was the situation in the United States during periods prior to 1862, before the first United States Notes were created and declared by the government to be legal tender.
Fiat has value ONLY because YOU think it does.. If Americans, or any other countries citizens for that matter, lose faith in a fiat currency then it simply ceases to exist. It is worth it's intrinsic value, the value of the paper it's printed on, nothing, zero.
In our own household we try to protect our fiat.
It's not really because we love and lust after it like everyone else on the planet.
It's mainly because I derive a great deal of pleasure out of depriving government, banks and corporations of as much of my fiat as is humanly possible.
Greg
Friday, July 20, 2012
I'm satisfied w/ 81.23 stops for now $AUDJPY m1
---
As long as we are bouncing around here on the bottom 81.23 gives me 15 pips risk x 2 (against 81.38 entry).
If I can get a move to the upside I'll tighten stops likely to 81.31 & 81.29 (16 pips total risk).
Please don't try this at home.. We are professionals.. (Professional FX fiat losers! LMAO)
Good luck #traders!
Click for larger image
As long as we are bouncing around here on the bottom 81.23 gives me 15 pips risk x 2 (against 81.38 entry).
If I can get a move to the upside I'll tighten stops likely to 81.31 & 81.29 (16 pips total risk).
Please don't try this at home.. We are professionals.. (Professional FX fiat losers! LMAO)
Good luck #traders!
Click for larger image
Is this a short term bottom? $AUDJPY
---
Is this a short term bottom?
Not forgetting that we are trending lower..
Click for larger image
Is this a short term bottom?
Not forgetting that we are trending lower..
Click for larger image
Monday, July 16, 2012
Friday, July 13, 2012
Student Loan Debt A Real Solution Peter Schiff exposes college scam Interviews Kelli Space #Bubble
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Student loans are yet another huge bubble..
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Student loans are yet another huge bubble..
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Thursday, July 12, 2012
Big finance finds new and more egregious ways to skewer us
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Scandal of scandals: Big finance finds new and more egregious ways to skewer us
July 10, 2012 12:08 am
By Robert B. Reich
Just when you thought Wall Street couldn't sink any lower -- after its myriad abuses of public trust have already spread a miasma of cynicism over the entire economic system, giving birth to Tea Partiers and Occupiers and all manner of conspiracy theories; after its excesses have already wrought havoc with the lives of millions of Americans, causing taxpayers to shell out billions (of which only a portion has been repaid) even as its top executives are back to making more money than ever; after its vast political power (via campaign contributions) has already eviscerated much of the Dodd-Frank law that was supposed to rein it in, including the so-called "Volker" Rule that was sold as a milder version of the old Glass-Steagall Act that used to separate investment from commercial banking -- yes, just when you thought the Street had hit bottom, an even deeper level of public-be-damned greed and corruption is revealed.
Sit down and hold on to your chair.
What's the most basic service banks provide? Borrow money and lend it out. You put your savings in a bank to hold in trust, and the bank agrees to pay you interest on it. Or you borrow money from the bank and you agree to pay the bank interest.
How is this interest rate determined? We trust that the banking system is setting today's rate based on its best guess about the future worth of the money. And we assume that guess is based, in turn, on the cumulative market predictions of countless lenders and borrowers all over the world about the future supply and demand for the dough.
But suppose our assumption is wrong. Suppose the bankers are manipulating the interest rate so they can place bets with the money you lend or repay them -- bets that will pay off big for them because they have inside information on what the market is really predicting, which they're not sharing with you.
That would be a mammoth violation of public trust. And it would amount to a rip-off of almost cosmic proportion -- trillions of dollars that you and I and other average people would otherwise have received or saved on our lending and borrowing that have been going instead to the bankers. It would make the other abuses of trust we've witnessed look like child's play by comparison.
Sad to say, there's reason to believe this has been going on, or something very much like it. This is what the emerging scandal over "Libor" (short for "London interbank offered rate") is all about.
Libor is the benchmark for trillions of dollars of loans worldwide -- mortgage loans, small-business loans, personal loans. It's compiled by averaging the rates at which the major banks say they borrow.
So far, the scandal has been limited to Barclays, a big London-based bank that just paid $453 million to U.S. and British bank regulators, whose top executives have been forced to resign and whose traders' emails give a chilling picture of how easily they got their colleagues to rig interest rates in order to make big bucks. (Robert Diamond Jr., the former Barclays CEO who was forced to resign, said the emails made him "physically ill" -- perhaps because they so patently reveal the corruption.)
But Wall Street has almost surely been involved in the same practice, including the usual suspects -- JPMorgan Chase, Citigroup and Bank of America -- because every major bank participates in setting the Libor rate. Barclays couldn't have rigged it without their witting involvement.
In fact, Barclays defense has been that every major bank was fixing Libor in the same way, and for the same reason. And Barclays is "cooperating" (i.e., giving damning evidence about other big banks) with the Justice Department and other regulators in order to avoid steeper penalties or criminal prosecutions, so the fireworks have just begun.
There are really two different Libor scandals. One has to do with a period just before the financial crisis, around 2007, when Barclays and other banks submitted fake Libor rates lower than the banks' actual borrowing costs in order to disguise how much trouble they were in. This was bad enough. Had the world known then, action might have been taken earlier to diminish the impact of the near financial meltdown of 2008.
But the other scandal is even worse. It involves a more general practice, starting around 2005 and continuing until -- who knows? it might still be going on -- to rig the Libor in whatever way necessary to assure the banks' bets on derivatives would be profitable.
This is insider trading on a gigantic scale. It makes the bankers winners and the rest of us -- whose money they've used to make their bets -- losers and chumps.
What to do about it, other than hope the Justice Department and other regulators impose stiff fines and even criminal penalties, and hold executives responsible?
When it comes to Wall Street and the financial sector in general, most of us suffer outrage fatigue, combined with an overwhelming cynicism that nothing will ever be done to stop these abuses because the Street is too powerful. But that fatigue and cynicism are self-fulfilling; nothing will be done if we succumb to them.
The alternative is to be unflagging and unflinching in our demand that Glass-Steagall be reinstituted and the biggest banks be broken up. The question is whether the unfolding Libor scandal will provide enough ammunition and energy to finally get the job done.
Robert B. Reich is Chancellor's Professor of Public Policy at the University of California at Berkeley and was labor secretary under President Bill Clinton. This article was originally published at NationofChange.org.
First Published July 10, 2012 12:00 am
Read more: http://www.post-gazette.com/stories/opinion/perspectives/scandal-of-scandals-big-finance-finds-new-and-more-egregious-ways-to-skewer-us-644050/#ixzz20R44x4RR
Scandal of scandals: Big finance finds new and more egregious ways to skewer us
July 10, 2012 12:08 am
By Robert B. Reich
Just when you thought Wall Street couldn't sink any lower -- after its myriad abuses of public trust have already spread a miasma of cynicism over the entire economic system, giving birth to Tea Partiers and Occupiers and all manner of conspiracy theories; after its excesses have already wrought havoc with the lives of millions of Americans, causing taxpayers to shell out billions (of which only a portion has been repaid) even as its top executives are back to making more money than ever; after its vast political power (via campaign contributions) has already eviscerated much of the Dodd-Frank law that was supposed to rein it in, including the so-called "Volker" Rule that was sold as a milder version of the old Glass-Steagall Act that used to separate investment from commercial banking -- yes, just when you thought the Street had hit bottom, an even deeper level of public-be-damned greed and corruption is revealed.
Sit down and hold on to your chair.
What's the most basic service banks provide? Borrow money and lend it out. You put your savings in a bank to hold in trust, and the bank agrees to pay you interest on it. Or you borrow money from the bank and you agree to pay the bank interest.
How is this interest rate determined? We trust that the banking system is setting today's rate based on its best guess about the future worth of the money. And we assume that guess is based, in turn, on the cumulative market predictions of countless lenders and borrowers all over the world about the future supply and demand for the dough.
But suppose our assumption is wrong. Suppose the bankers are manipulating the interest rate so they can place bets with the money you lend or repay them -- bets that will pay off big for them because they have inside information on what the market is really predicting, which they're not sharing with you.
That would be a mammoth violation of public trust. And it would amount to a rip-off of almost cosmic proportion -- trillions of dollars that you and I and other average people would otherwise have received or saved on our lending and borrowing that have been going instead to the bankers. It would make the other abuses of trust we've witnessed look like child's play by comparison.
Sad to say, there's reason to believe this has been going on, or something very much like it. This is what the emerging scandal over "Libor" (short for "London interbank offered rate") is all about.
Libor is the benchmark for trillions of dollars of loans worldwide -- mortgage loans, small-business loans, personal loans. It's compiled by averaging the rates at which the major banks say they borrow.
So far, the scandal has been limited to Barclays, a big London-based bank that just paid $453 million to U.S. and British bank regulators, whose top executives have been forced to resign and whose traders' emails give a chilling picture of how easily they got their colleagues to rig interest rates in order to make big bucks. (Robert Diamond Jr., the former Barclays CEO who was forced to resign, said the emails made him "physically ill" -- perhaps because they so patently reveal the corruption.)
But Wall Street has almost surely been involved in the same practice, including the usual suspects -- JPMorgan Chase, Citigroup and Bank of America -- because every major bank participates in setting the Libor rate. Barclays couldn't have rigged it without their witting involvement.
In fact, Barclays defense has been that every major bank was fixing Libor in the same way, and for the same reason. And Barclays is "cooperating" (i.e., giving damning evidence about other big banks) with the Justice Department and other regulators in order to avoid steeper penalties or criminal prosecutions, so the fireworks have just begun.
There are really two different Libor scandals. One has to do with a period just before the financial crisis, around 2007, when Barclays and other banks submitted fake Libor rates lower than the banks' actual borrowing costs in order to disguise how much trouble they were in. This was bad enough. Had the world known then, action might have been taken earlier to diminish the impact of the near financial meltdown of 2008.
But the other scandal is even worse. It involves a more general practice, starting around 2005 and continuing until -- who knows? it might still be going on -- to rig the Libor in whatever way necessary to assure the banks' bets on derivatives would be profitable.
This is insider trading on a gigantic scale. It makes the bankers winners and the rest of us -- whose money they've used to make their bets -- losers and chumps.
What to do about it, other than hope the Justice Department and other regulators impose stiff fines and even criminal penalties, and hold executives responsible?
When it comes to Wall Street and the financial sector in general, most of us suffer outrage fatigue, combined with an overwhelming cynicism that nothing will ever be done to stop these abuses because the Street is too powerful. But that fatigue and cynicism are self-fulfilling; nothing will be done if we succumb to them.
The alternative is to be unflagging and unflinching in our demand that Glass-Steagall be reinstituted and the biggest banks be broken up. The question is whether the unfolding Libor scandal will provide enough ammunition and energy to finally get the job done.
Robert B. Reich is Chancellor's Professor of Public Policy at the University of California at Berkeley and was labor secretary under President Bill Clinton. This article was originally published at NationofChange.org.
First Published July 10, 2012 12:00 am
Read more: http://www.post-gazette.com/stories/opinion/perspectives/scandal-of-scandals-big-finance-finds-new-and-more-egregious-ways-to-skewer-us-644050/#ixzz20R44x4RR
Legalized bribery - Countrywide
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July 12, 2012
Our View: Legalized bribery
The Joplin Globe
If there’s a difference between bribery and what Countrywide did in the decade leading up to the housing crisis, we can’t see it.
Countrywide’s lending practices helped bring on the economic downturn, and all the while that the company was making these subprime (risky) loans, it offered other loans at discounted rates and waived fees to key people in Washington who were in a position to help Countrywide and its allies.
Former Senate Banking Committee Chairman Christopher Dodd, D-Conn., got a low-interest loan. So did Senate Budget Committee Chairman Kent Conrad, D-N.D., and former Housing and Urban Development secretaries Alphonso Jackson and Henry Cisneros; and former Health and Human Services Secretary Donna Shalala.
According to a new U.S. House of Representatives investigative report, the discounted VIP loans began in January 1996 and continued through June 2008, when the company was acquired by Bank of America. These sweetheart deals were not just aimed at gaining influence for the company itself, but were made also to benefit Fannie Mae. According to reports, Countrywide’s business depended largely on Fannie Mae, which was responsible for buying a large volume of Countrywide’s loans, including the subprime loans. At the time that Countrywide was buying its influence — legally — Fannie Mae was trying to fend off more government regulation.
“Documents and testimony obtained by the committee show the VIP loan program was a tool used by Countrywide to build goodwill with lawmakers and other individuals positioned to benefit the company,” the report said. “In the years that led up to the 2007 housing market decline, Countrywide VIPs were positioned to affect dozens of pieces of legislation that would have reformed Fannie” and its rival Freddie Mac, the committee said.
Some of the discounts were ordered personally by former Countrywide Chief Executive Officer Angelo Mozilo.
“These relationships helped Mozilo increase his own company’s profits while dumping the risk of bad loans on taxpayers,” the report said.
In short, Countrywide used its influence to buy regulators, legislators and others at the expense of the American people.
Five years later, there have been no criminal prosecutions. Not one banker or official with this or other companies has gone to jail, although some have paid fines and been banned from working in the industry again. That was hardly a punishment, given that they escaped with millions. Some of these compliant members of Congress quietly retired, but others have been re-elected. That’s because all of this is legal. Therein lies the heart of the scandal.
Nothing has fundamentally changed between Washington and Wall Street, so expect more of the same in years to come.
“Countrywide’s effort to build goodwill on Capitol Hill worked,” the report concluded.
Yes, but for whom?
July 12, 2012
Our View: Legalized bribery
The Joplin Globe
If there’s a difference between bribery and what Countrywide did in the decade leading up to the housing crisis, we can’t see it.
Countrywide’s lending practices helped bring on the economic downturn, and all the while that the company was making these subprime (risky) loans, it offered other loans at discounted rates and waived fees to key people in Washington who were in a position to help Countrywide and its allies.
Former Senate Banking Committee Chairman Christopher Dodd, D-Conn., got a low-interest loan. So did Senate Budget Committee Chairman Kent Conrad, D-N.D., and former Housing and Urban Development secretaries Alphonso Jackson and Henry Cisneros; and former Health and Human Services Secretary Donna Shalala.
According to a new U.S. House of Representatives investigative report, the discounted VIP loans began in January 1996 and continued through June 2008, when the company was acquired by Bank of America. These sweetheart deals were not just aimed at gaining influence for the company itself, but were made also to benefit Fannie Mae. According to reports, Countrywide’s business depended largely on Fannie Mae, which was responsible for buying a large volume of Countrywide’s loans, including the subprime loans. At the time that Countrywide was buying its influence — legally — Fannie Mae was trying to fend off more government regulation.
“Documents and testimony obtained by the committee show the VIP loan program was a tool used by Countrywide to build goodwill with lawmakers and other individuals positioned to benefit the company,” the report said. “In the years that led up to the 2007 housing market decline, Countrywide VIPs were positioned to affect dozens of pieces of legislation that would have reformed Fannie” and its rival Freddie Mac, the committee said.
Some of the discounts were ordered personally by former Countrywide Chief Executive Officer Angelo Mozilo.
“These relationships helped Mozilo increase his own company’s profits while dumping the risk of bad loans on taxpayers,” the report said.
In short, Countrywide used its influence to buy regulators, legislators and others at the expense of the American people.
Five years later, there have been no criminal prosecutions. Not one banker or official with this or other companies has gone to jail, although some have paid fines and been banned from working in the industry again. That was hardly a punishment, given that they escaped with millions. Some of these compliant members of Congress quietly retired, but others have been re-elected. That’s because all of this is legal. Therein lies the heart of the scandal.
Nothing has fundamentally changed between Washington and Wall Street, so expect more of the same in years to come.
“Countrywide’s effort to build goodwill on Capitol Hill worked,” the report concluded.
Yes, but for whom?
Wednesday, July 11, 2012
Here to help #politicians and central #bankers
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According to my research most federal reserve governors (as well as Mr. Bernanke & "tiny" Tim Geithner) and virtually ALL politicians may be able to use an insanity defense for their crimes..
Said crimes mainly being constantly lying to any / all investigators, securities fraud and [never ending] market manipulation.
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Criminal Insanity
A defense asserted by an accused in a criminal prosecution to avoid liability for the commission of a crime because, at the time of the crime, the person did not appreciate the nature or quality or wrongfulness of the acts.
The insanity defense is used by criminal defendants. The most common variation is cognitive insanity. Under the test for cognitive insanity, a defendant must have been so impaired by a mental disease or defect at the time of the act that he or she did not know the nature or quality of the act, or, if the defendant did know the nature or quality of the act, he or she did not know that the act was wrong. The vast majority of states allow criminal defendants to invoke the cognitive insanity defense.
Another form of the insanity defense is volitional insanity, or Irresistible Impulse. A defense of irresistible impulse asserts that the defendant, although able to distinguish right from wrong at the time of the act, suffered from a mental disease or defect that made him or her incapable of controlling her or his actions.
The insanity defense should not be confused with Incompetency. Persons who are incompetent to stand trial are held in a mental institution until they are considered capable of participating in the proceedings. - This might be a good solution for many politicians and central bankers..
---
Psychopaths and Sociopaths
When most people hear about the insanity defense, they automatically assume that it can be used applied to people commonly referred to as psychopaths and sociopaths. While traditionally there has been a small degree of difference between these two classifications, the American Psychiatric Associations most recent Diagnostic and Statistical Manual—Fourth Edition ("DSMIV") groups sociopathy and psychopathy under the heading "antisocial personality disorder." The DSM-IV lays out a limited and concise set of diagnostic criteria on which to base the diagnosis of antisocial personality disorder.
[Personally, I have never seen a better definition of politicians and central bankers than the one highlighted below..]
According to the DSM-IV, antisocial personality disorder is characterized by pervasive pattern of disregard for, and violation of, the rights of others occurring since age 18, as indicated by three (or more) of the following: (1) failure to conform to social norms with respect to lawful behaviors as indicated by repeatedly performing acts that are grounds for arrest; (2) deceitfulness, as indicated by repeated lying, use of aliases, or conning others for personal profit or pleasure; (3) impulsivity or failure to plan ahead; (4) irritability and aggressiveness, as indicated by repeated physical fights or assaults; (5) reckless disregard for safety of self or others; (6) consistent irresponsibility, as indicated by repeated failure to sustain consistent work behavior or to honor financial obligations; (7) lack of remorse, as indicated by being indifferent to, or rationalizing, having hurt, mistreated, or stolen from another.
---
Stock Market Manipulation - The secret maneuverings of the Plunge Protection Team (PPT)
FASB : Here comes Mark To Fantasy Accounting!
Calls for QE3 grow as economy wanes
---
Greg
Here's a link to my "research page" LMAO
According to my research most federal reserve governors (as well as Mr. Bernanke & "tiny" Tim Geithner) and virtually ALL politicians may be able to use an insanity defense for their crimes..
Said crimes mainly being constantly lying to any / all investigators, securities fraud and [never ending] market manipulation.
---
Criminal Insanity
A defense asserted by an accused in a criminal prosecution to avoid liability for the commission of a crime because, at the time of the crime, the person did not appreciate the nature or quality or wrongfulness of the acts.
The insanity defense is used by criminal defendants. The most common variation is cognitive insanity. Under the test for cognitive insanity, a defendant must have been so impaired by a mental disease or defect at the time of the act that he or she did not know the nature or quality of the act, or, if the defendant did know the nature or quality of the act, he or she did not know that the act was wrong. The vast majority of states allow criminal defendants to invoke the cognitive insanity defense.
Another form of the insanity defense is volitional insanity, or Irresistible Impulse. A defense of irresistible impulse asserts that the defendant, although able to distinguish right from wrong at the time of the act, suffered from a mental disease or defect that made him or her incapable of controlling her or his actions.
The insanity defense should not be confused with Incompetency. Persons who are incompetent to stand trial are held in a mental institution until they are considered capable of participating in the proceedings. - This might be a good solution for many politicians and central bankers..
---
Psychopaths and Sociopaths
When most people hear about the insanity defense, they automatically assume that it can be used applied to people commonly referred to as psychopaths and sociopaths. While traditionally there has been a small degree of difference between these two classifications, the American Psychiatric Associations most recent Diagnostic and Statistical Manual—Fourth Edition ("DSMIV") groups sociopathy and psychopathy under the heading "antisocial personality disorder." The DSM-IV lays out a limited and concise set of diagnostic criteria on which to base the diagnosis of antisocial personality disorder.
[Personally, I have never seen a better definition of politicians and central bankers than the one highlighted below..]
According to the DSM-IV, antisocial personality disorder is characterized by pervasive pattern of disregard for, and violation of, the rights of others occurring since age 18, as indicated by three (or more) of the following: (1) failure to conform to social norms with respect to lawful behaviors as indicated by repeatedly performing acts that are grounds for arrest; (2) deceitfulness, as indicated by repeated lying, use of aliases, or conning others for personal profit or pleasure; (3) impulsivity or failure to plan ahead; (4) irritability and aggressiveness, as indicated by repeated physical fights or assaults; (5) reckless disregard for safety of self or others; (6) consistent irresponsibility, as indicated by repeated failure to sustain consistent work behavior or to honor financial obligations; (7) lack of remorse, as indicated by being indifferent to, or rationalizing, having hurt, mistreated, or stolen from another.
---
Stock Market Manipulation - The secret maneuverings of the Plunge Protection Team (PPT)
FASB : Here comes Mark To Fantasy Accounting!
Calls for QE3 grow as economy wanes
---
Greg
Here's a link to my "research page" LMAO
Tuesday, July 10, 2012
You #criminal #sheeple are ESPECIALLY f'ing STUPID!
---
This has been BUGGING me for a long time so I finally got around to looking it up..
I found this & have provided a link below..
The Case Against
Plea Bargaining
BY TIMOTHY LYNCH
Cato Institute
I'm not here to protect criminals.. But maybe the reason they ARE criminals is because they are f'ing STUPID to begin with..
The founding fathers
THE RISE AND FALL OF ADVERSARIAL TRIALS
Because any person who is accused of violating the criminal
law can lose his liberty, and perhaps even his life depending on
the offense and prescribed penalty, the Framers of the Constitution took pains to put explicit limits on the awesome powers of government. The Bill of Rights explicitly guarantees several safeguards to the accused, including the right to be informed of the charges, the right not to be compelled to incriminate oneself, the right to a speedy and public trial, the right to an impartial jury trial in the state and district where the offense allegedly took place, the right to cross-examine the state’s witnesses, the right to call witnesses on one’s own behalf, and the right to the assistance of counsel.
As most of you reading this likely already know I hate the status quo.. So what better way to destroy it than for every criminal, regardless of the crime committed, to exercise their rights as provided by the United States constitution?
F plea bargains.. don't be f'ing STUPID! Don't let them "scare" you.. Take EVERY criminal charge before a jury! STOP volunteering to go to jail you f'ing idiots..
Jeeze..
---
"More than 90 percent of the criminal cases in America are never tried, much less proven, to juries. The overwhelming majority of individuals
who are accused of crime forgo their constitutional rights and
plead guilty."
---
Plea bargaining has come to dominate the administration of justice in America.
According to one legal scholar, “Every two seconds during a typical workday, a criminal case is disposed of in an American courtroom by way of a guilty plea or nolo contendere plea.” Even though plea bargaining pervades the justice system, I argue that the practice should be abolished because it is unconstitutional.
Continue reading Cato Institute - PDF
This has been BUGGING me for a long time so I finally got around to looking it up..
I found this & have provided a link below..
The Case Against
Plea Bargaining
BY TIMOTHY LYNCH
Cato Institute
I'm not here to protect criminals.. But maybe the reason they ARE criminals is because they are f'ing STUPID to begin with..
The founding fathers
THE RISE AND FALL OF ADVERSARIAL TRIALS
Because any person who is accused of violating the criminal
law can lose his liberty, and perhaps even his life depending on
the offense and prescribed penalty, the Framers of the Constitution took pains to put explicit limits on the awesome powers of government. The Bill of Rights explicitly guarantees several safeguards to the accused, including the right to be informed of the charges, the right not to be compelled to incriminate oneself, the right to a speedy and public trial, the right to an impartial jury trial in the state and district where the offense allegedly took place, the right to cross-examine the state’s witnesses, the right to call witnesses on one’s own behalf, and the right to the assistance of counsel.
As most of you reading this likely already know I hate the status quo.. So what better way to destroy it than for every criminal, regardless of the crime committed, to exercise their rights as provided by the United States constitution?
F plea bargains.. don't be f'ing STUPID! Don't let them "scare" you.. Take EVERY criminal charge before a jury! STOP volunteering to go to jail you f'ing idiots..
Jeeze..
---
"More than 90 percent of the criminal cases in America are never tried, much less proven, to juries. The overwhelming majority of individuals
who are accused of crime forgo their constitutional rights and
plead guilty."
---
Plea bargaining has come to dominate the administration of justice in America.
According to one legal scholar, “Every two seconds during a typical workday, a criminal case is disposed of in an American courtroom by way of a guilty plea or nolo contendere plea.” Even though plea bargaining pervades the justice system, I argue that the practice should be abolished because it is unconstitutional.
Continue reading Cato Institute - PDF
Thursday, July 5, 2012
Wednesday, July 4, 2012
Considering a minor system #change #FX
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What I would miss by not having 4 EMA "tunnels" would be the bullish & bearish visible "twists" (See previous charts). But in reality it is normally the 200 (actually 196 in my case) EMAs that I am most interested in. This possible change seems "cleaner".
Crap.. since I posted this I already made more changes but I'm too lazy to redo the picture right now.. lol
The white m5 line, 49 EMA, (in the picture here) is now gone replaced by a 62 EMA.
So my EMA settings in total are now dashed blue line = chinkou off 2, 5, 5 setting, white dashed line = 13 EMA, yellow dashed line = 62 EMA, green solid line = 200 EMA (current time frame), solid blue line = 800 EMA (approximately h1 200 EMA), solid red line = 3200 EMA (approximately h4 200 EMA).
Time frames represented are dependent on current time frame. Those listed here are specific to an m15 time frame.
M5 time frame would be represented as (near) m1, m5, m20 & m80 200 EMAs, hourly would = m15, h1, h4 & h16 200 EMAs.
Confused yet?
LMAO
Enjoy your holiday traders!
Click for larger image
What I would miss by not having 4 EMA "tunnels" would be the bullish & bearish visible "twists" (See previous charts). But in reality it is normally the 200 (actually 196 in my case) EMAs that I am most interested in. This possible change seems "cleaner".
Crap.. since I posted this I already made more changes but I'm too lazy to redo the picture right now.. lol
The white m5 line, 49 EMA, (in the picture here) is now gone replaced by a 62 EMA.
So my EMA settings in total are now dashed blue line = chinkou off 2, 5, 5 setting, white dashed line = 13 EMA, yellow dashed line = 62 EMA, green solid line = 200 EMA (current time frame), solid blue line = 800 EMA (approximately h1 200 EMA), solid red line = 3200 EMA (approximately h4 200 EMA).
Time frames represented are dependent on current time frame. Those listed here are specific to an m15 time frame.
M5 time frame would be represented as (near) m1, m5, m20 & m80 200 EMAs, hourly would = m15, h1, h4 & h16 200 EMAs.
Confused yet?
LMAO
Enjoy your holiday traders!
Click for larger image
Working on the 4th of July WTF? $USDCHF #FX
---
Shorted this daily bearish 23.6
Chart is demo account.. Live trade is set up a bit differently.
3 entries set to scale out @ 0.9565, 0.9503 & 0.9443
Click for larger image
Shorted this daily bearish 23.6
Chart is demo account.. Live trade is set up a bit differently.
3 entries set to scale out @ 0.9565, 0.9503 & 0.9443
Click for larger image
Tuesday, July 3, 2012
GLOBAL ALERT - FREAKED OUT JIM WARNING
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I'll be damned if I know what to make of this..
But being in Missouri myself I found it particularly interesting..
Pulled this from censorednewsnow
Greg
I'll be damned if I know what to make of this..
But being in Missouri myself I found it particularly interesting..
Pulled this from censorednewsnow
Greg
How TF do you go from the best #FX #trader on the planet to the worst instantly?!
---
I seem to experience this SAME f'ing cycle over and over.. I don't get it.. I don't f'ing understand it..
I know it must be me!
I have "periods of time", maybe hours, maybe days, maybe even weeks or months where I can do nothing wrong.. Where every trade I take turns to gold. Where I am 100% convinced that the so-called trading "system" I have come up with is completely indestructible.
About the time that happens I seem to experience the other end of the cycle. Where I can do nothing right! Where every trade I take goes against me & stays against me..
I work my ass off trying to be a great FX trader. But to date (some 5 years later) it still seems I have nothing more than "flashes of brilliance".
Quickly followed by a tour of the depths of hell.
It HAS to be me! I MUST be doing something different. Adding when I am wrong, chasing. Not properly understanding price action. Missing SOMETHING!
I have said before that it seems to me like the Primary Dealers (who control 73% of FX volume) have a switch titled "Fuck anyone stupid enough to be in the market".
It's either on or off and all my trades seem to depend on it's current state.
My whole life I have ALWAYS been able to overcome all obstacles in anything that I truly desire to do. I have never failed. I HATE failure!
Yet with FX I may go along great for weeks at a time and then give it all back very quickly.
It's not unusual for me to hit a dozen or more trades in a row right. It happens. I sometimes make 100's of pips in a day or even in an hour or so..
For months everything I have done worked very well.. I was achieving my "goal" which is simply consistent winnings over weeks and months, an account that merely "moves in the right direction".
I'm in the dark now.
And I do not understand how I can go from seemingly knowing exactly what will happen next to never having a f'ing CLUE!
It makes me sick, physically.
Is it really nothing more than a rigged gulag casino?
Does manipulation by "the powers that be" make profitable trading an insane dream?
Fuck if I know..
Greg
I seem to experience this SAME f'ing cycle over and over.. I don't get it.. I don't f'ing understand it..
I know it must be me!
I have "periods of time", maybe hours, maybe days, maybe even weeks or months where I can do nothing wrong.. Where every trade I take turns to gold. Where I am 100% convinced that the so-called trading "system" I have come up with is completely indestructible.
About the time that happens I seem to experience the other end of the cycle. Where I can do nothing right! Where every trade I take goes against me & stays against me..
I work my ass off trying to be a great FX trader. But to date (some 5 years later) it still seems I have nothing more than "flashes of brilliance".
Quickly followed by a tour of the depths of hell.
It HAS to be me! I MUST be doing something different. Adding when I am wrong, chasing. Not properly understanding price action. Missing SOMETHING!
I have said before that it seems to me like the Primary Dealers (who control 73% of FX volume) have a switch titled "Fuck anyone stupid enough to be in the market".
It's either on or off and all my trades seem to depend on it's current state.
My whole life I have ALWAYS been able to overcome all obstacles in anything that I truly desire to do. I have never failed. I HATE failure!
Yet with FX I may go along great for weeks at a time and then give it all back very quickly.
It's not unusual for me to hit a dozen or more trades in a row right. It happens. I sometimes make 100's of pips in a day or even in an hour or so..
For months everything I have done worked very well.. I was achieving my "goal" which is simply consistent winnings over weeks and months, an account that merely "moves in the right direction".
I'm in the dark now.
And I do not understand how I can go from seemingly knowing exactly what will happen next to never having a f'ing CLUE!
It makes me sick, physically.
Is it really nothing more than a rigged gulag casino?
Does manipulation by "the powers that be" make profitable trading an insane dream?
Fuck if I know..
Greg
Monday, July 2, 2012
Ron Paul on today’s Supreme Court decision #RonPaul
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Ron Paul on today’s Supreme Court decision: -Source
“I strongly disagree with today’s decision by the Supreme Court, but I am not surprised. The Court has a dismal record when it come to protecting liberty against unconstitutional excesses by Congress.
“Today we should remember that virtually everything government does is a ‘mandate.’ The issue is not whether Congress can compel commerce by forcing you to buy insurance, or simply compel you to pay a tax if you don’t. The issue is that this compulsion implies the use of government force against those who refuse. The fundamental hallmark of a free society should be the rejection of force. In a free society, therefore, individuals could opt out of “Obamacare” without paying a government tribute.
“Those of us in Congress who believe in individual liberty must work tirelessly to repeal this national health care law and reduce federal involvement in healthcare generally. Obamacare can only increase third party interference in the doctor-patient relationship, increase costs, and reduce the quality of care. Only free market medicine can restore the critical independence of doctors, reduce costs through real competition and price sensitivity, and eliminate enormous paperwork burdens. Americans will opt out of Obamacare with or without Congress, but we can seize the opportunity today by crafting the legal framework to allow them to do so.”
Ron Paul on today’s Supreme Court decision: -Source
“I strongly disagree with today’s decision by the Supreme Court, but I am not surprised. The Court has a dismal record when it come to protecting liberty against unconstitutional excesses by Congress.
“Today we should remember that virtually everything government does is a ‘mandate.’ The issue is not whether Congress can compel commerce by forcing you to buy insurance, or simply compel you to pay a tax if you don’t. The issue is that this compulsion implies the use of government force against those who refuse. The fundamental hallmark of a free society should be the rejection of force. In a free society, therefore, individuals could opt out of “Obamacare” without paying a government tribute.
“Those of us in Congress who believe in individual liberty must work tirelessly to repeal this national health care law and reduce federal involvement in healthcare generally. Obamacare can only increase third party interference in the doctor-patient relationship, increase costs, and reduce the quality of care. Only free market medicine can restore the critical independence of doctors, reduce costs through real competition and price sensitivity, and eliminate enormous paperwork burdens. Americans will opt out of Obamacare with or without Congress, but we can seize the opportunity today by crafting the legal framework to allow them to do so.”
Job chapter 20 - For the #Banksters
---
I took the liberty of adding highlights myself.
Greg
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Job 20
New International Version (NIV)
Zophar
20 Then Zophar the Naamathite replied:
2 “My troubled thoughts prompt me to answer
because I am greatly disturbed.
3 I hear a rebuke that dishonors me,
and my understanding inspires me to reply.
4 “Surely you know how it has been from of old,
ever since mankind[a] was placed on the earth,
5 that the mirth of the wicked is brief,
the joy of the godless lasts but a moment.
6 Though the pride of the godless person reaches to the heavens
and his head touches the clouds,
7 he will perish forever, like his own dung;
those who have seen him will say, ‘Where is he?’
8 Like a dream he flies away, no more to be found,
banished like a vision of the night.
9 The eye that saw him will not see him again;
his place will look on him no more.
10 His children must make amends to the poor;
his own hands must give back his wealth.
11 The youthful vigor that fills his bones
will lie with him in the dust.
12 “Though evil is sweet in his mouth
and he hides it under his tongue,
13 though he cannot bear to let it go
and lets it linger in his mouth,
14 yet his food will turn sour in his stomach;
it will become the venom of serpents within him.
15 He will spit out the riches he swallowed;
God will make his stomach vomit them up.
16 He will suck the poison of serpents;
the fangs of an adder will kill him.
17 He will not enjoy the streams,
the rivers flowing with honey and cream.
18 What he toiled for he must give back uneaten;
he will not enjoy the profit from his trading.
19 For he has oppressed the poor and left them destitute;
he has seized houses he did not build.
20 “Surely he will have no respite from his craving;
he cannot save himself by his treasure.
21 Nothing is left for him to devour;
his prosperity will not endure.
22 In the midst of his plenty, distress will overtake him;
the full force of misery will come upon him.
23 When he has filled his belly,
God will vent his burning anger against him
and rain down his blows on him.
24 Though he flees from an iron weapon,
a bronze-tipped arrow pierces him.
25 He pulls it out of his back,
the gleaming point out of his liver.
Terrors will come over him;
26 total darkness lies in wait for his treasures.
A fire unfanned will consume him
and devour what is left in his tent.
27 The heavens will expose his guilt;
the earth will rise up against him.
28 A flood will carry off his house,
rushing waters[b] on the day of God’s wrath.
29 Such is the fate God allots the wicked,
the heritage appointed for them by God.”
I took the liberty of adding highlights myself.
Greg
---
Job 20
New International Version (NIV)
Zophar
20 Then Zophar the Naamathite replied:
2 “My troubled thoughts prompt me to answer
because I am greatly disturbed.
3 I hear a rebuke that dishonors me,
and my understanding inspires me to reply.
4 “Surely you know how it has been from of old,
ever since mankind[a] was placed on the earth,
5 that the mirth of the wicked is brief,
the joy of the godless lasts but a moment.
6 Though the pride of the godless person reaches to the heavens
and his head touches the clouds,
7 he will perish forever, like his own dung;
those who have seen him will say, ‘Where is he?’
8 Like a dream he flies away, no more to be found,
banished like a vision of the night.
9 The eye that saw him will not see him again;
his place will look on him no more.
10 His children must make amends to the poor;
his own hands must give back his wealth.
11 The youthful vigor that fills his bones
will lie with him in the dust.
12 “Though evil is sweet in his mouth
and he hides it under his tongue,
13 though he cannot bear to let it go
and lets it linger in his mouth,
14 yet his food will turn sour in his stomach;
it will become the venom of serpents within him.
15 He will spit out the riches he swallowed;
God will make his stomach vomit them up.
16 He will suck the poison of serpents;
the fangs of an adder will kill him.
17 He will not enjoy the streams,
the rivers flowing with honey and cream.
18 What he toiled for he must give back uneaten;
he will not enjoy the profit from his trading.
19 For he has oppressed the poor and left them destitute;
he has seized houses he did not build.
20 “Surely he will have no respite from his craving;
he cannot save himself by his treasure.
21 Nothing is left for him to devour;
his prosperity will not endure.
22 In the midst of his plenty, distress will overtake him;
the full force of misery will come upon him.
23 When he has filled his belly,
God will vent his burning anger against him
and rain down his blows on him.
24 Though he flees from an iron weapon,
a bronze-tipped arrow pierces him.
25 He pulls it out of his back,
the gleaming point out of his liver.
Terrors will come over him;
26 total darkness lies in wait for his treasures.
A fire unfanned will consume him
and devour what is left in his tent.
27 The heavens will expose his guilt;
the earth will rise up against him.
28 A flood will carry off his house,
rushing waters[b] on the day of God’s wrath.
29 Such is the fate God allots the wicked,
the heritage appointed for them by God.”
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