Social Unrest only the Start

We have high unemployment and now a 15 trillion dollar deficit  in America.

We have crony capitalism at its finest with MF's Corzine not going to jail eventhough he defrauded investors.

You have Solyndra getting a 500 million dollar loan because they are buddies with Obama then going BK.

You have execs of fannie mae and freddie mac recieving bonuses of 13 million dollars when their companies balance sheet is a disaster.

The crony capitalism compiled with a lousy economy will only breed more violence and more public outcry.

Printing money is only creating more debt and more inflation will enrage the middle class.

Instead of propping up industry the American government should have let industry fail. They created zombie banks and zombie industries. Japan did the same thing in the 1990's and their economy is in recession for the past twenty years.

To make things worse now you have Europe imploding due to high debts and a government hand out society. USA banks are exposed to the 9's and banks such as morgan stanley and bank of america are insolvent.

America be prepared for the worst. Learn how to use a handgun. Buy gold and silver. Hunker down prepare for the worst. Social unrest is only starting and going to get worse.

MF True Euro Story

MF  is a funny company. It shows how a company can not commit fraud like national governments.

MF has a ton of Eurozone debt and of course Europe is BK so goes MF down. Finally a story with some reality too it.

With this news the Euro sold off. How interesting the news from the past three weeks creating huge short squeeze on nothing, but MF BK makes the Euro dropp.

Bank of Japan intervened in their currency. For some reason the yen is at a 3yr high against the dollar yet the Japanese debt to GDP ratio makes the USA look like a joke.

Occupy Wall St.

I think the issue with occupy Wall st is they are not conveying their message accuratley.

Companies like Solyndra get a 500 million dollar loan and a year later they are B.K. They get the loan because insiders are Obama's cronies.

Companies like AIG or Bank of America can make lousy business decisions and get bailed out, but man on street gets screwed.

Hank Paulson former CEO of Goldman Sachs bails out his buddies who made poor decisions and the little guy gets screwed.

Where is the middle class bailout?

Our national debt is 15 trillion dollars, up almost 50% since Obama took office and he has very little to show for it.

We need to pay for this shit! How will we pay who knows?

Fraud Continies Joke Is on Me

I was a firm believer that Europe was doomed. That we would see the end of the Euro. That many countries would secede from the EU. I thought financial markets would be rattled and the Euro would plunge.

I was completly wrong. I am wrong because the powers that be are commited to the fraud. They refuse to realize their losses; would rather print money then default.

They would rather perpetuate the debt and the fraud to avert catastrophe in the short term. As long as the stock market and everything is going up who cares what the banks books looks like.

Who cares how much debt USA, Greece, Italy, Japan, or any other sovereign nation has. As long as we are printing money and not realizing our losses all is well.

The big joke is on me who thought common sense and reality would prevail. Maybe reality and common sense will prevail eventually, but I am unwilling to bet  on it.

Today End of Fraud

Is today the end of the fraud? The day Europe faces the music and this insane run up in stocks stops?

I hope so. Look how fast markets went up can you imagine what happens on way down with real news from Europe.

When Does Fraud End

European Banks are leveraged to the 9's. Greece, Portugal, Ireland, Italy, Spain are all bankrupt or on its way yet the Euro and stock market keep on going up.

This is a big scam. What is going on in Europe will make Lehman Bros look like a joke.

Anyone who is short and can stomach the losses will be rich in the end!

3pm fraud time

Im getting tired of this 3pm fraud time to prop up the market. One day its EU has 2 trillion to bailout one day its 200 billion.

Fact is they are broke. Its all a scam. This is lehman bros x 1000.

You think Germany and France will save the day? They have their own debt problems.

Redcoats Are Coming

Today Germany said the European debt debacle cant be a quick fix and markets tumbled.

Ladies and Gentleman the Europe debt debacle is lehman bros x 1 million.

Watch the hell out.

Short FXE, SPY, or any European bank you can get your hands on.

This is going to be nasty.

Markets dont make sense: Redcoats are coming

Markets are crazy (200) one second up 200 another second. Always the explanation is some sort of b.s. report out of Europe.

Way I see it is 2012-2013 is repeat of 08-09. The redcoats are coming.

Europe is essentially broke with the exception of a few countries.

America is broke too, but we for some reason can print our own money like crazy. 50% of households rely on government assistance and real unemployment is probably 20%. 1/6 are on food stamps.

China is slowing down because they cant grow at double digit rates every year and wages are going up as the economy grows driving manufacturing to lower wage countries.

2012-2013 will mean the Euro crashing and the S&P going near 09 lows.

Day Trading= Heart Attack

Day Trading is a bitch. You get stopped out then the stock runs. You have a good idea it then stops you out and next week it runs. The market goes up 400 points on some phony news.

The market is playing massive tricks on me. This thing is eating at my portfolio every day and does not make sense.

I guess I should assume that markets dont make sense at all.

Fact is macro events are lousy. No jobs in America, crippling debt here and overseas. Europe debt debacle will spread like a cancer. No one knows what is really going on in their bank balance sheets.

Markets on Fire then slammed last hour

Market action is nuts. I still say Greece implodes and we are headed lower.

Markets Tank

On Wednesday i said markets up 300 I dont buy it. Well markets down 300.

Stocks

Stocks are up today almost 300. I dont buy it. Will be back down with some bad news on Europe.

Stocks

The Dow came back from (300) to close (100).  I guess there are buyers at this level, but macro events have not changed.

Stagflation

Jobs numbers out today and there is no growth. Inflation amongst commodities is hight. Welcome to stagflation!

American Economy Loves Bubbles

Why do we love to create economic bubbles to solve previous economic bubbles?

Right around the late 90's we had the tech bubble. If you put money in a tech stock you made money no matter if it was profitable or not.

The bubble then collapsed and the government decided lets make a new bubble. The government created a new housing bubble. Government's policy was that said everyone should own a house no matter if they can afford it or not.

This bubble then collapsed so the government said hey lets create a new bubble. Lets spend and bail our way out of this bubble into a new debt bubble.

Now its 2011 and our debt bubble will burst. When it does it will be nasty, but the government will not learn anything and it will try  to create the next bubble.