The "up-to-the-minute Market Data" thread

reply to post by Vitchilo


That is not all, wait when the Republicans take over congress and a the president seat next.

Wall Street wants your Social Security and Medicare next

Yes, during Bush he was not able to privatize the SS but now that congress doesn't need the tax payer permission anymore to pass laws, this will be heading our way.

Wall Street’s approach to the poor has always been to drive them deeper into the ground.

As there is no money to be made from the poor, Wall Street fleeces them by yanking away their entitlements. It has always been thus. During the Reagan administration, Wall Street decided to boost the values of its bond and stock portfolios by using Social Security revenues to lower budget deficits. Wall Street figured that lower deficits would mean lower interest rates and higher bond and stock prices.

Republicans have extraordinary animosity toward the poor. In an effort to talk retirees out of their support systems, Republicans frequently describe Social Security as a Ponzi scheme and "unsustainable." They ought to know. The phony trust fund, that they set up to hide the fact that Wall Street and the Pentagon are running off with Social Security revenues, is a Ponzi scheme. Social Security itself has been with us since the 1930s and has yet to wreck our lives and budget.

Yes Wall street will love to dip their hands into our SS and Medicaid

And we should trust them right?

After the latest crisis brought on by Wall Street’s dishonesty and greed, trusting Wall Street to manage anyone’s old age pension requires a leap of faith that no intelligent person can make.

Wall Street has got away with its raid on the public treasury. Now, pockets full, it wants to pay for the heist by curtailing Social Security and Medicare. Having deprived the working population of homes, jobs, and health care, Wall Street is now after the elderly’s old age security.

www.economyincrisis.org...



[edit on 1-6-2010 by marg6043]

reply to post by Vitchilo


Vit, you are proving again you really aren't that great at economics and generally the market. If we didn't bail AIG we would have real problems, and we should have bailed out all the fake dollars of LEH as well. The USA can float whatever it wants and still come out clean. We have continually shown that over and over.

The bailout means nothing. Everyone still lost everything. The economy just didn't implode and we are propping it up while we sell off pieces (as we have already done). It isn't perfect, but no economic system ever is. Anyway, aren't you in Canada?

reply to post by Vitchilo


Yeah that is what is going on, good pay jobs been replaced by Service jobs in the nation that only places people in welfare status.

The big fat lie about job creation, that most jobs are service jobs and that most people in this jobs are the ones now going for food stamps to be able to feed their families and very soon they are the ones to be included in the ever expanding medicaid in the nation.

Receipients of Food stamps,
Bank Teller
Receptionist at a Doctor's Office
Wal-Mart employees
Employees from small business
National Guard
School Teacher
Pizza Place employee
Fast Food Chain Restaurant employees
A worker from the County Library
etc.

High-paying manufacturing jobs are rapidly disappearing, only to be replaced by low-paying, and oftentimes menial, service sector jobs that produce absolutely nothing of value, according to the U.S. Labor Department’s 2009 Occupational Employment and Wages report.

The report found that retail sales, cashiers, general office clerks, food preparation and service workers, and nurses were the occupations with the highest levels of employment in 2009.
In fact, nine of the top 10 jobs in the survey pay such low wages that they put a worker supporting a family of four in near poverty.

www.economyincrisis.org...


Thanks to HCR and Obama.

Yep Democrats control and robs you for your good and to help others.

And republicans robs you and control you to keep you safe from terrorists.

NUKE THEM BOTH FROM ORBIT.

In the US the corporations are running ya, in Canada, the state will soon be bankrupt because socialism ain't working so the corporations will take over and we'll be like the US.

Even in the UK, the Rothschild are asking for the government to privatize the roads.

And according to the capitalism system, if all is privatize and there's competition, and people are informed, the corporations who are the most honest and hard working will take the top...

But what happens in reality? Because people are not informed of the corporations evils, they keep buying their crap so no boycott is effective, the big corporations pay people in government to give them tax breaks/bailouts, ect...

CAPITALISM AIN'T WORKING BECAUSE WE DON'T HAVE A REAL CAPITALIST SYSTEM AND PEOPLE ARE CORRUPT.

The bailout means nothing. Everyone still lost everything. The economy just didn't implode and we are propping it up while we sell off pieces (as we have already done).

Oh it's imploding alright. And yeah in the end bailouts mean nothing.

And yeah I'm in Canada. And my province is 10 times more in debt than California in % of GDP.

[edit on 1-6-2010 by Vitchilo]

reply to post by Vitchilo


At least you guys are "green friendly". That is priceless in my book.

Originally posted by GreenBicMan
reply to post by Vitchilo

 

At least you guys are "green friendly". That is priceless in my book.

Yeah... except if you go to the oil sand farms in Alberta. That is NASTY.

Make weed legal, do huge farms of weed, turn it into biodiesel, CLOSE THOSE OIL SAND FARMS DISASTERS.

reply to post by GreenBicMan


Everything will come together eventually and will catchup my friend, an economy can not be pushed the way US economy have and keep surviving for long.

I will see the demise of the great American empire during my life time and is already happening but propaganda, lies and fake wealth is what keeps people from discovering the truth.

As long as pensions are pay, SS checks are in the mail and people get their food stamps and welfare checks, Medicare and Medicaid, people thinks the nations is just peachy.

...the “President’s Working Group on Financial Markets” is manipulating all markets,
but particularly the gold and silver markets.
It won’t be long, within two weeks that a class action lawsuit,
one of many by silver owners, will be filed against JPM Morgan Chase
for manipulating the silver market. That should get Wall Street’s and
Washington’s attention. This kind of suit is very difficult to defend against.
Like Barrick Gold not many years ago, they admitted taking direction from
the US government for hedging in the gold market, so will Morgan defer to
the US government to explain their actions. Irrespective, Morgan will lose
and the manipulation of the silver market and probably the gold market will end.

Snip from:
www.theinternationalforecaster.com...

i reckon i will try to buy more "Gold & PM" shares in the next 4 weeks
as market price dictates...
because all speculation will blow out the top of Silver & other PM's
after the class-action suit is filed...

because everybodyknows that the PM markets have been played/managed/ manipulated by TPTB
the only thing the courts can do is to throw out the case on technicalities,
and the SupremeCourt isn't going to opt to give a verdict...
there are now Øbama elites on the court which favor the central-planning concept, of which the “President’s Working Group on Financial Markets” is the poster child.

So--- whichever direction the court filing takes-> thrown out because the Governmentcan't be sued for manipulations
-> or it goes to court & financial houses like Morgan/Goldman/ etc become the scapegoats & get fined.

the assets/commodities like Gold/Silver/PMs should get so high priced that the average joe & Jane cannot afford the $100k minimum to even begin to invest in G&PM funds...
or be guaranteed 'losses' as the big-boys master manipulate the ETFs and metal futuresto keep the riff-raff, those without deep-pockets, out of the markets


[edit on 1-6-2010 by St Udio]

Originally posted by Vitchilo
Hendry: 'I Would Recommend You Panic'

In this widely watched BBC video, Hugh Hendry of hedge fund Eclectica Management recommends the world panic over the ongoing European debt crisis and then the group debates whether perpetual bailouts and a much longer slowdown are preferable to a real purging of the system and a much shorter recession that would also see major reforms.

At about the 3 minute mark, you’ll hear Hendry call for the system to be purged,

Let’s take on a recession. It’s going to be tough. People are going to lose their jobs. They’re going to lose their jobs anyway. We can spread this over 20 years or we can get rid of it over 3 years.

I'm pretty sure he won't be on CNBC anytime soon!

France warns on credit rating

France admitted on Sunday that keeping its top-notch credit rating would be "a stretch" without some tough budget decisions, following German hints that Berlin may resort to raising taxes to help bring down its deficit.

Euro zone trade unions are preparing for possible confrontations in the coming week if governments impose austerity measures or labor reforms unilaterally.

Good luck to do that. Unions are really strong, especially in France.

So they are going to downgrade them to AA+ instead of AAA? Big deal. There are no American corprorations that are still rated AAA, so they still amongst the best rated bonds in the world. A big deal about nothing. Most countries fiscal problems can be fixed with small adjustments in goverment pensions.

reply to post by Vitchilo


VitDogg - we agree on something finally. Although we will prob. not see that here.. maybe in Oakland, but def. not in the Sunshine State.

Another dead frog leap today, eh?

It seems that the market has plugged the leak.

Euro stabilized

Originally posted by DangerDeath
Another dead frog leap today, eh?

It seems that the market has plugged the leak.

Euro stabilized

Its just so can they make the G20/G8 Leaders look good for there upcoming trip to toronto, summit, says who that the Euro is stabilized?



The Euro Will fall mark my words, people in eupore have no jobs!, and are losing jobs.

Austerity measures they call them...


NY governor planning for mass state worker layoffs

Gov. David Paterson said Tuesday he's putting together a plan that would lay off thousands of state government workers at the beginning of next year to help balance the state budget.

Paterson said he'll direct state agencies to begin picking positions that could be eliminated starting Jan. 1.

That date marks the expiration of a no-layoffs pledge Paterson gave public employee unions last year in exchange for an agreement to reduce pension costs. It would also be the day he leaves office. A final decision on layoffs would fall to his successor.

"It's the only way we're going to get $250 million in work force reductions from public employees. ... We are in the elementary stages of establishing a plan," Paterson said. "The reality is right now it takes a long period of time to schedule the layoffs. I want this ready to go for the next governor."

www.google.com...


"No layoffs" is politics.
"Yes layoffs" is economics.



[edit on 1-6-2010 by DangerDeath]

But, let the public works era reemerge...

Obama orders more manpower to spill cleanup

Not funny?

In an effort to control the message and release what it says is accurate information about the Gulf Coast oil spill, the Obama administration will no longer do joint briefings with BP, senior administration officials said Monday. Instead, all briefings will come from the administration's point man on the disaster, Adm. Thad Allen.

The move comes amid growing concerns from the White House that BP is delivering inaccurate information and not being transparent, the officials said.

According to one official, the last straw was Saturday, when they say BP officials downplayed the possibility that the amount of oil flowing could actually increase from BP's latest strategy to cut the pipe and cap the leak. Carol Browner, Obama's assistant on energy and climate change, has said the flow of oil could increase by as much as 20 percent when the riser is cut.

BP will either bankrupt, to avoid paying, or keep staying in business. They care not about damage.

www.cnn.com...

CNN Government Lap Dog, wants to know if

money.cnn.com...
The Buzz is The Euro Rebound for Real?

Is the euro crisis over or just beginning?

Who says its over?

The euro has been down so long, maybe there is no place for it to go but up?

huh say what? no my comrade there is no place for it to go but down

For example look at this headlines, not seen on CNN
www.theglobeandmail.com...

even though the real number is 25% or higher.

reply to post by DangerDeath


Didn't Obama and congress pass a bill last week to help bailout union workers nation wide specially in government jobs?

I mean it was to benefit "all states" not only "California" right?

And then they should no have to worry, the HCR will provide now Medicaid to all those out of work.

After all somebody better work and have a job to pay for those that are been layoff and have none

[edit on 1-6-2010 by marg6043]

Yes, it will hold steady

www.marketwatch.com...

The seasonally-adjusted unemployment rate across the 16-nation euro zone rose to 10.1% in April from 10% in March, the European Union statistics agency Eurostat reported Tuesday. Economists had expected the rate to hold steady at 10%.

So the globalist got their wish, now Greece is up for sale.

Isn't what what the fat rats wanted all along?

Greece Unveils Privatizations, to Sell Rail, Water Stakes

Greece will sell 49 percent of state railway OSE and 39 percent of Hellenic Post but will maintain its stakes in telecoms company OTE and utilities PPC unchanged, ministers said on Wednesday.

The cash-strapped government will also sell 23 percent of Thessaloniki Water utility EYATH and fully privatize casinos, the ministers told a news conference.

www.cnbc.com...

If this is going to be like in the US, the country or state will get a lump-some for the privatization, the private companies will reap 100% of profits the tax payer still will pay for maintenance and the money will be spend and wasted and still their infrastructure will be in the hands of foreigners

What a way to lose sovereignty.

Citigroup to Slash Up to 600 Jobs at CitiFinancial

Citigroup's CitiFinancial unit will shut 330 of its U.S. branches and cut between 500 and 600 jobs, in an effort to cut costs at the business and make it more attractive to potential buyers.

Citigroup said on Tuesday that it would shut about 18 percent of CitiFinancial's 1,833 U.S. branches and stop making loans at another 182 branches.

www.cnbc.com...

“However, the performance of our credit ratings for U.S. residential mortgage-backed securities and related collateralized debt obligations over the past several years has been deeply disappointing,” he said. “Moody’s is certainly not satisfied with the performance of these ratings.”

Moody’s, Standard & Poor’s and Fitch Ratings face scrutiny by Congress and state insurance regulators after assigning top grades to U.S. subprime-mortgage bonds just before that market collapsed in 2007, sparking the financial crisis. Moody’s said last month it may be sued by the U.S. Securities and Exchange Commission for filing false and misleading descriptions of its credit-ratings policies.

www.businessweek.com...

and guess what, they are still doing it! and this time with soverign debt... its all a fixed game mannnnnn