RED ALERT: FX Dislocation In Process

Oh look they are pulling out the Banking Corp of America CEO, BoA and Citibank must be freaking out!

Obama is speaking, we also have VOLKER and Sen. Dodd scheduled to make public speeches today.

Today should be interesting

Microsoft and Intel are the most ethical companies. They're firing greedy Americans and hiring humble foreigners.

That's why they are still in green zone.

www.bloomberg.com...

Outsourcing = PC (Profit Correctness)

This is interesting, post from another thread

From Thread: Gone in 60 days? Bank of America and Citigroup expected to fail within 60 days. Posted by DataWraith, on February 20, 2009 at 09:23 GMT reply to post by atlasastro I work for a Bank in the UK , I won't say which one. Today I saw the account balances of HSBC , US branch and the Fed. reserve of NY and the figures are £400+Billion and £40+Billion respectively OVERDRAWN and thats just with us , who knows what other banks they have accounts with. I don't hold up much hope for any bank in the world at the moment. Seems all the money is being taken from the pots around the world, the only safe place is under the mattress. Until TPTB come a callin'. [edit on 20/2/09 by DataWraith]

What does it mean OVERDRAWN?

Originally posted by DangerDeath
reply to post by Chevalerous

 

You never lived in socialism....


It is a candy projection of socialism. But, socialism existed in history and you can easily check documents on how it really was.

In socialism there was elite, it was called Communist Party, and it had its pyramidal structure with Central Committee and General Secretary on top of it. Everybody else was patronized (very wide application of the true meaning of this word).

"You never lived in socialism...."

Whatta heck do you know about that my friend?

For your information! I have lived in a quasi socialistic society when I grew up!

Oh yes my friend It was the true meaning of socialism I wrote about, I'm not talking about the totalitarian states who adopted totalitarian goverments with false socialism for the people with the only benefits for the Nomenklatura.

They called it Communism and it was a totalitarian way of govern. It was not 'Socialism' as it was meant to be.

True Communism and the Utopian dream have also never existed, and it never will!

And I'm no socialist or communist. I just tired of seeing peoples twisted explainations of what the true meaning of Socialism is - look it up yourself in older non-American textbooks or from any other reliable source.

(That's why the American industrial elit who owns the country hates Socialism, and don't want people to know about it. Imagine if the workers started organizing themselves and build factories themselves and took the profits themselves by bypassing the industrial elit? - no Sir! they don't want that to happen do they? - so they distort by any means necessery the true meaning of socialism and bundle it up with totalitarian Communism, so the people and workers can still be used as low wage slaves in their production while they take the profit of their labour into their own pockets)

It's important to know that Socialism and Communism are two different things, even if socialism was the first stage to real utopian communism.

So we are now not talking about the twisted concept of the false Socialism/Communism eastern Europe for example went through with totalitarian regimes.

Real Socialism is not a totalitarian regime, it's the people's ownership of the means of productions in a capitalistic system without the industrial elit bloodsuckers. Nothing more nothing less!

As I said: I am not a Socialist or Communist!

In Europe they use to have a Social democratic system with the best parts of both socialism and capitalism mixed, and that has both some good and some bad sides to it.

But people really have a twisted concept and wrong view of what real Socialism is and what it mean! and I laugh sometime when hear people say that the U.S. Goverment are implementing socialistic measures, because it's simply not true! - PHEW!

You are confusing Real Socialism and Ideal Socialism.
Real-Socialism was the USSR kind of socialism. That's how it was called.

Ideal Socialism is impossible in reality.

For what happened to workers who tried to implement Ideal Socialism, look into history, under chapter Kronstadt workers revolt against the Bolsheviks... In short: The Revolution ate them.

The reality of America is: Hard core capitalists jumping into the lap of the State, which is a Real-Socialism event. It cannot be qualified any other way.

The idea of Socialism is worthless, empty projection, cannibalistic creation and no more than that. It has been proven and confirmed by millions of destroyed lives.
Same applies to Capitalism.

[edit on 20-2-2009 by TheDarkNight]

I would wait alittle longer to stop paying. If the market falls at this rate for say 1 to 2 weeks, yeah its time to bug out and buy supplies.


if the market craps itself and the rest of the gen pop get a wind of it, its too late, its a buyers mrket right now, that is all the canned food and water you can get your hands on....

re iterate, if gen pop get a wind, its too late.....

if the market craps itself and the rest of the gen pop get a wind of it, its too late, its a buyers market right now, that is all the canned food and water you can get your hands on....

re iterate, if gen pop get a wind, its too late.....

It is buyers' market strongly affected by rumor of nationalization, which causes CITIGROUP to fall 21% today and BOA 18%.

So this is now a market of ideas, and add to it the market of lost confidence (Japan...) ... which means a market quickly translating into a geopolitical standoff.

I am beginning to smell gunpowder here.



[edit on 20-2-2009 by DangerDeath]

[edit on 20-2-2009 by DangerDeath]

Gold $1005.42

Citigroup Inc. -23.97% $1.90
www.marketwatch.com...

B of A -21.63%
www.marketwatch.com...

DJIA 7,289.77 Change:-176.18 -2.36%
www.marketwatch.com...

The new lost decade...

GM down to 1.60

[edit on 2/20/2009 by Hx3_1963]

Originally posted by DangerDeath

if the market craps itself and the rest of the gen pop get a wind of it, its too late, its a buyers market right now, that is all the canned food and water you can get your hands on....

re iterate, if gen pop get a wind, its too late.....

It is buyers' market strongly affected by rumor of nationalization, which causes CITIGROUP to fall 21% today and BOA 18%.

So this is now a market of ideas, and add to it the market of lost confidence (Japan...) ... which means a market quickly translating into a geopolitical standoff.

I am beginning to smell gunpowder here.

enjoy the smell, cause it burns real quick, if indeed you can get your hands on it....

the ideas are only based on the gut instinct which regardless of logical common sense is sustained by fear, i question why no one is really talking to each other to provide a reasonable workable longer term solution. This is history and our destiny.. so i ask what happened to the keys to my escape pod.. honey.....honey.....

I think the problem is in admitting that the system has crashed and now they don't have any other idea in reserve. That's one thing.
The second thing is: what to do with all those people who until now were Very Successful and Important and now they are plain Losers?????

Who is going to do that and incite an immediate crash of all values?
They still believe they can buy some time.

The dollar is now falling against many currencies

USD-JPY 92.6440 -1.5540 -1.6497%
USD-HKD 7.7535 -0.0014 -0.0174%
USD-CHF 1.1504 -0.0232 -1.9768%
USD-SEK 8.7010 -0.0186 -0.2133%
USD-DKK 5.7990 -0.0794 -1.3507%
USD-NOK 6.7962 -0.0764 -1.1124%
USD-CZK 22.3860 -0.4225 -1.8524%
USD-SKK 23.4550 -0.3157 -1.3282%
USD-PLN 3.7122 -0.0716 -1.8923%
USD-HUF 236.9350 -2.6050 -1.0875%
USD-CAD 1.2525 -0.0055 -0.4372%

Originally posted by DangerDeath
You are confusing Real Socialism and Ideal Socialism.
Real-Socialism was the USSR kind of socialism. That's how it was called.

Ideal Socialism is impossible in reality.

For what happened to workers who tried to implement Ideal Socialism, look into history, under chapter Kronstadt workers revolt against the Bolsheviks... In short: The Revolution ate them.

The reality of America is: Hard core capitalists jumping into the lap of the State, which is a Real-Socialism event. It cannot be qualified any other way.

The idea of Socialism is worthless, empty projection, cannibalistic creation and no more than that. It has been proven and confirmed by millions of destroyed lives.
Same applies to Capitalism.

Yeah I know that the Soviet propaganda used the term Realsocialism in the 1970's but they lied as they always did when they used that term because it was not pure true socialism - they only used it for their pesky propaganda!

Anyway! there is nothing wrong with true "Ideal socialism" and the concept of having organized workers working for the same goal of splitting the profits of their labor, instead that the profits goes down in the pockets of a few elits.

You said:

"For what happened to workers who tried to implement Ideal Socialism, look into history, under chapter Kronstadt workers revolt against the Bolsheviks... In short: The Revolution ate them"

Of course the revolution ate them, because it's was not a true revolution of the people for the people.

You know, Kronstadt exposes the myth that Bolshevism was a genuine form of socialism. It marked the death of the Russian Revolution!

The soviet revolution was only made possible by the finance of the international industrial elits who hijacked the revolution for their own means to get their hands on Russias oil & resources. Lenin was a shadow banker.

They hijacked and used the word Socialism for their own purpuse and the people of Russia were screwed under the false slogan of Socialism. There was never any true Socialism of the people.

Fabian Society and the Rockefellers Standard Oil and the rest of the international Elit plundred the country until Stalin came along. He didn't want to play along with the international banktsters on their terms. So they invented and financed AHitler as their hope to get back in to Russia.

But that also backfired on them when Hitler after some success went insane, and suddenly started to print his own money backed up with the captured gold they stole, doing business through Swiss Banks, so he then also kicked the international banksters out.

Now the Elit and & Rockefellers rallied the allies and started to go against hitler and made a pact with Stalin again who at least didn't print his own money yet! and gave him better terms so they could have their investments back.

These international moneylenders and world elit screwed russia from the beginning, there was no people's revolution under Socialism, all it was, was crime against the russian people under the false slogan of Socialism.

This is OT: and this belongs in another thread - so I stop now! But...

They stole & used the word socialism and perverted it for their own crimes.

So true pure socialism where workers can enjoy their fruits of labour has never been implemented before, so you can not be silly and say it would not work! Of course you have to get those elit's out of the way first!

You said:
"The idea of Socialism is worthless, empty projection, cannibalistic creation and no more than that. It has been proven and confirmed by millions of destroyed lives."

Stop lying please! YES! FALSE Socialism destroyed millions of lives! but true Socialism of the people for the people has never been implemented! so how the heck could you know what works or not? it sounds like you're are sippin' the elit kool-aid and are defending the ELITS who are against the people!

Well I stop!

The only socialism that existed was in prehistory.
You want a more complex economy - forget about socialism. Canal diggers can't run companies, they don't have the knowledge for that. The other question is the ethics and distribution of wealth.

For ideal socialism you need ideal people, educated in philosophy and ethics. Impeccable minds. Only between such people you can have some kind of ideal socialism, a society where there is no exploitation. I wouldn't even call that a society.

On the other hand, it is not people who exploit people, it is the ideas that exploit people. So first: philosophy and understanding (denying ignorance).

Now you tell me how many people of this quality you know?

But, you are right, this is a little off the topic of this thread.

I now enjoy watching the spectacle and all the wriggling and long faces when it dawns on the working class (for which maybe you believe that is competent enough to maintain Real Socialism) suddenly realizing how stupid they all were and being robbed from their eyes. Because they never bothered to educate themselves and understand what is really happening around them and to them.

I bow my head to the few who know how to stay out of this trouble, but I pray to God that history doesn't repeat as another Great War to help the culprits get away again.

Looks like we are seeing a rally here. I have a feeling it is artificial though and there will be a massive sell off before closing.

Disclaimer - I'm just learning and don't take this as investment advice.

Entertainment not exactly flourishing...

www.marketwatch.com...[51dc1027-76f9-4f10-a86c-c5b5f41ef6eb]

How to survive?
Report: Crisis!
Santelli?

no DD,
there i don't agree at all

on a small scale at least there are numerous examples all along history.

one is we know of tribes in the pacific that were organised around this kind of rules :
*every decision for the village must be approved at unanimity
*in case of conflict between 2 each chose someone to represent him, and the two representatives solve the problem

then nowadays there is for example the Marcos zone in Mexico (i didn't go there).

Last but not least we don't know well enough the real history of humanity to have this kind of certitude

[well yes i believe in cycles and in the big one that will send us back to golden age - we are not quite there yet obviously]

Yes, hippie communes, ashrams in India, etc. Small communities without real divisions.
But those are not history makers.
History means "state". And state is distribution of power, of responsibility and wealth.
It was never true socialism.

reply to post by DangerDeath


The part I like about so called Ideal Socialism is where the bloodsucking elit is out of the picture, and where the society & workers can have a share of the profits instead of a industrial elit of wankers.

And It's silly of you to say that a socialistic model wouldn't work because canal diggers can not run companies. In a Socialistic model there is of course educated people in philosophy and ethics and other intellectuals doing the management. And they get a higher pay/share of the production profits because they studied so hard!

Why do you still defend the ELIT who are stealing the fruits of the workers labour into their pockets? We don't need any industrial elit's to steal the money of the people. It's just a myth that they are needed! eliminate them I say!

Wouldn't it not be better if the profits of the production went back to the workers and the society instead of going into the pockets of a few elits?

The profit of the production could also pay for free education, free healthcare for all so that everyone gets a fair chance in life!

Well! You seem to hate the poor workers of America and are enjoying yourself while seeing them in their misery? maybe it's not their fault of being used & uneducated in a elitist society?

Give them a helping hand and educate them instead!

reply to post by Chevalerous


Ok, this is off topic, but I just have to say this. There will always be the blood sucking elite.

That is just the ways humans are. Period.

Any form of government that forces morality is going to cause you a miserable life. Until we all become geniuses it isn't ever going to happen.

The fact of the matter is if you want freedom, then you want a republic, which means capitalism, we want everyone to be 'equal' that means a dictatorship or oligarchy, because somebody has to distribute the profit money land whatever it is.

That is just the way it is we are humans and we are only intelligent animals.

So let me repeat There will always be a blood sucking elite. If everybody is included in on the decision making process of every single issue nothing will ever get done.

Back on topic -

Looks like the sell off is starting to happen.

Edit - grammar and added a missing word.

[edit on 20-2-2009 by Hastobemoretolife]