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

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posted on Nov, 3 2011 @ 12:46 PM
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Quite the reading on here. I just don't know. Will anything really be resolved with the G20? The more I read the more I get depressed and frustrated. Do any of you see any hope?




posted on Nov, 3 2011 @ 12:49 PM
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Originally posted by AuntB
Quite the reading on here. I just don't know. Will anything really be resolved with the G20? The more I read the more I get depressed and frustrated. Do any of you see any hope?


No Hope, Mathematically impossible at this point. the only hope we have is if they are able to let the markets and economic collapse in a controled manner
edit on 3-11-2011 by camaro68ss because: (no reason given)



posted on Nov, 3 2011 @ 01:02 PM
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Originally posted by AuntB
Quite the reading on here. I just don't know. Will anything really be resolved with the G20?

It cannot be solved until the big banks that over leveraged themselves blow up.

If Papandreou had any GUTS... he would give Merkel and Sarkozy the finger of honor and not pay a damn cent on foreign debt. That would destroy French banks and basically all banks in Europe... Merkel and Sarkozy would be thrown out of power

Papandreou got the power, not Merkel or Sarkozy. He should remind them of that.



posted on Nov, 3 2011 @ 01:05 PM
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All Fixed In Greece? Not So Fast

In essence, what G-Pap said in parliament today is that there will be no referendum if and only if there is an agreement from the main opposition party. Alas, as the following headlines from Reuters indicate, this now appears to be a non-starter.

* GREEK OPPOSITION LEADER ASKS PM TO RESIGN
* GREEK OPPOSITION LEADER SAYS PM MUST QUIT, ELECTIONS MUST BE HELD

But most importantly,

* GREEK OPPOSITION LEADER SAYS RESIGNATION IS A CONDITION FOR TALKS

And so back to square one, as G-Pap's bluffing blows up in his face and any agreement is now contingent on his departure, something he has said will not happen.

Good.

In this evening’s speech delivered by finance minister Venizelos, he highlighted ten points.



1: All necessary measures must be taken to receive the bailout from our partners and creditors. At the same time the bailout should be approved by a majority of 180 lawmakers in the 300 seat parliament.
2: Any plans of referendum should be scrapped.
3: A consensus with New Democracy (ND) is on the cards and the chance to reach a common deal with the main opposition party seems a reality.
4: Our banking system has to kept secured and guaranteed.
6: Greece must receive the 6th tranche before December 15.
7: Negotiations about the new bailout agreement with Troika need to be started as soon as possible.
8: “We need to work with our partners on the Public Sector Involvement to achieve, if possible, 100% participation in the debt haircut".
9: New bailout agreements need to be ready by January 12. Greek banks have raised 120 billion euros from European Central Bank so far.
10: The bottom line is that the Greek people should decide about all the above



Today democracy died in favor of the banks.



posted on Nov, 3 2011 @ 01:20 PM
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Freddie Mac Loses $4.4B in Third Quarter, Requests $6B More From Treasury

Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter.

You read that right...



posted on Nov, 3 2011 @ 01:24 PM
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reply to post by Vitchilo
 


The system is now reliant on government handouts. Once at this point, there is no turning back.



posted on Nov, 3 2011 @ 01:44 PM
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Originally posted by Vitchilo
Freddie Mac Loses $4.4B in Third Quarter, Requests $6B More From Treasury

Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter.

You read that right...
I actually just posted on another sight about Fannie & Freddie. This makes me sick. How dare they ask for more money after paying out almost $13 million in bonuses. These companies are a prime example of what is wrong with this world.



posted on Nov, 3 2011 @ 01:53 PM
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reply to post by Vitchilo
 


In America things goes a littler bit different that in most parts of the world, here when an institution goes Kaboom (bankrupt or in trouble)they do it, one at a time rather than all at once. I think they get together and work this out like that.

I been following JF today but I am not very familiar with the company.

Now as for Greece the government of Papas is done with regardless of confidence vote or not



posted on Nov, 3 2011 @ 01:56 PM
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reply to post by AuntB
 


Like Camaro said, to late, in other words, the G 20 all it can do is offer hopes and dreams of a better day for the markets to boom temporarily but at the end the bailouts has been on going since the 2008 and still nothing accomplished but the delaying of the end of the EU.

Creating debt on top of more debt is actually the foolish thing to do, just like our government adding more debt to the nation in order to create more jobs, is just no going to work to fix the root of the problems.



posted on Nov, 3 2011 @ 01:59 PM
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reply to post by AuntB
 


This was expected because they bought back some of BofA trouble mortgages, remember? I bet that is what is now plaguing them so once again ask the tax payer to bail them out, actually it was BofA the one that got bailed out again.



posted on Nov, 3 2011 @ 02:04 PM
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Originally posted by AuntB

Originally posted by Vitchilo
Freddie Mac Loses $4.4B in Third Quarter, Requests $6B More From Treasury

Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter.

You read that right...
I actually just posted on another sight about Fannie & Freddie. This makes me sick. How dare they ask for more money after paying out almost $13 million in bonuses. These companies are a prime example of what is wrong with this world.


That is the whole idea, to get those bonuses. People are the resource and they are being properly exploited. The state is there to ensure it happens. There's no way it will stop unless...



posted on Nov, 3 2011 @ 02:39 PM
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Max Keiser: 'Greece run by financial terrorists'

Way to go Max!
He really goes nuts on there.

edit on 3-11-2011 by Vitchilo because: (no reason given)



posted on Nov, 3 2011 @ 02:48 PM
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God,i´m glad i stayed in Bed today
Crazy Day...you can smell the Panic and Fear of our Politicans



posted on Nov, 3 2011 @ 02:54 PM
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does anyone know the drop dead date for greece and when it will run out of money??? i need DOOM dates. lol



posted on Nov, 3 2011 @ 03:04 PM
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Of course the SOBs at the SEC ain't doing their job and protecting their ex-Goldman Sachs friend.

SEC Opens Investigation Into MF Global Insider Trading, Ignores Glaring Evidence Of Client Capital Commingling

After reading the following just released announcement from Bloomberg stating that "the U.S. SEC is reviewing trades in MF Global Holdings Ltd. convertible bonds to determine whether some investors sold the debt based on confidential information before the firm’s demise, two people with direct knowledge of the matter told Bloomberg’s Joshua Gallu and Shannon D.Harrington" we are quite stunned: how on earth will the SEC, which is the official depository of the dumbest and most corrupt people on earth, go about doing this? And what about what is an already confirmed act of gross fiduciary duty breach in the form of commingling client accounts: is that one too complicated for the SEC, so it has to proceed with this ridiculous diversion and pretend it is doing something when the biggest criminal is right there starting everyone, especially those from New Jersey, in the face?

No prosecution of Jon Corzine yet...
As someone said in the comments, it's probably because he knows ``too much``.
edit on 3-11-2011 by Vitchilo because: (no reason given)



posted on Nov, 3 2011 @ 03:21 PM
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PAPANDREOU SAYS `NOT ATTACHED TO ANY POST'

For how long will that be true?

Here a nice one for you Papandreou :


With a nice velvet rope around your neck, it would be a nice picture.
edit on 3-11-2011 by Vitchilo because: (no reason given)



posted on Nov, 3 2011 @ 03:35 PM
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reply to post by Vitchilo
 


Found a nice Comment on ZeroHedge that may explain Papas Move, here



This is what GPap did :

There were rumors of a military coup in Greece. So GPap announced a referendum to calm things down, while never wanting to really do it. Then he changed the military leadership to stop a coup. Then announced the referendum was canceled.

The guy is total scum.


Sounds reasonable...
edit on 3-11-2011 by Shenon because: included Link to comment



posted on Nov, 3 2011 @ 03:39 PM
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reply to post by Shenon
 


He most have offered something to the military to gain support and if he doesn't deliver his head will pretty much be hanging very soon from some light post.

Still the military will never be able to stop a coup started by the people after all it is the people the one in the military and all of them are Greeks with families.



posted on Nov, 3 2011 @ 03:40 PM
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reply to post by Shenon
 


Yeah that's me.



posted on Nov, 3 2011 @ 03:53 PM
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Very good text from Martin Armstrong:

www.martinarmstrong.org...


. Everyone claims we live in a democracy, but in truth, this is just a corrupt republic the same as Julius Caesar was faced with when he crossed the Rubicon. The propaganda that has survived painted Caesar as an evil dictator. But when he crossed that river, the people cheered, the senators fled Italy, and Caesar walked into Rome as a hero. There was a massive debt crisis and the people were ecstatic. Republican government always turns into corrupt vile things dominated by oligarchies. We are at that same point in time.



It is time for a serious reflection upon the thinking of European leaders. They are hell-bent on creating a civil war and rising social unrest all to keep the dent game going and the bankers happy. Europe is on the verge of a death spiral of spending cuts and tax increases as socialism collapses and there is desperate attempts going on to retain political power at the expense of society. Greece is in deep trouble thanks to the economic crisis set in motion by New York CDS products that has manifested in an economic contraction that appears to be headed for at least a 7 year contraction coupled with escalating debt. This makes absolutely no sense whatsoever.


And about Merkel



The aftershocks of the coming Greek default are likely to now trigger a global economic disaster. This is far beyond the question of whether Greece stays or does she go. We are approaching the point of no return. The loss of credibility created by the crisis extends to the entire Sovereign Debt Crisis that has seized control of western civilization and Japan. While Merkel last week raised the specter of “war” if the Eurozone goes down, she had better listen to her own words and look at the long-term. Stop the bull#. This is the whole global economy we are talking about now.



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