Help ATS with a contribution via PayPal:
learn more

RED ALERT: FX Dislocation In Process

page: 46
133
<< 43  44  45    47  48 >>

log in

join

posted on Feb, 20 2009 @ 02:09 PM
link   
reply to post by Hastobemoretolife
 



Sell off of what? morals, money, ethics???




posted on Feb, 20 2009 @ 02:13 PM
link   
reply to post by TH3ON3
 


The topic is the stock market, money dislocation. A few posts back I said that the market would see a sell off before the end of the day.

The market had some gains and now it is dropping back down again.

This is in no way investment advice.


edit - missed a letter

[edit on 20-2-2009 by Hastobemoretolife]



posted on Feb, 20 2009 @ 02:13 PM
link   
Chevalerous and Mika,

I believe you are confusing interpersonal relations with socialism.
In interpersonal relations there is no redistribution of wealth. There is no division, there is no exchange to which persons are subjects.


The socialist model where engineers are paid more than workers is a modified Plato's idealistic state, where state is the highest good!

I do not defend elite. The way you understand elite, it is part of society differentiation.
In my world, the elite are only the ones who possess wisdom, and they are never part of society. They are beyond it, they are on the margins, mystics, artists, sages, call them whatever you want. But they have no social function.

So I am saying that society can never be based on personal relationship. In personal relationship there is no distribution of responsibility.

This is why socialism is not possible, because society without differentiation is not possible. It is a matter of principle, not of my elitist bias.

Where there is differentiation, there is inequality. So who in socialism decides how much an engineer or manager will be paid? Workers? Would they know to evaluate those things? This is where the idea of ideal society falls apart.

When I say that the poor are irresponsible, it is because they blame others.
Education is free everywhere. You can educate yourself, but you need to want that. I went to school, but if I compare what I learned in school to that I learned in my own time and thanks to my own effort, the school only gave me some basic insight and lots of misinformation and misinterpretation.

Of course I would like to see more just distribution of wealth. But now we are back again to ethics...

How many people are capable of being fair and honest? Who is to blame? The rich elite? I think those who allowed themselves to be enslaved are even more responsible for all injustice, because they shut their mouth for a very low price.

I can recommend the book by Mario Puzo, or film after this book, "The Sicilian". At the end of film, after a successful revolution, it is the poor who are such cowards, they don't want to accept responsibility of running a society. They just want to be GIVEN what they need. I find this conclusion very accurate in historical frame. Majority of working class is very immoral. That is from my experience, and idealism has nothing to do with that.

I am artist and all my work is free. There are many places on the internet where you can learn something, even some critical knowledge.

I will repeat the link that was already posted here:

www.bopsecrets.org...


You don't need money to read this. Just print it or read from the screen. I guarantee this is the quality of best philosophical work, this is Buddhism applied to modern situation, or Spinoza at its best. So what is the problem? I don't see that the society can prevent you from educating yourself. It is always wrong to blame others, it is wrong because that way you succumb to the emotion of self pity. And that is the worst possible thing that can happen to a man.




[edit on 20-2-2009 by DangerDeath]



posted on Feb, 20 2009 @ 02:15 PM
link   
reply to post by Hastobemoretolife
 


A great comeback for a terrible day, it would appear that major losses may have been avoided? 45mins left in trading, I am still saying 1+% loss.



posted on Feb, 20 2009 @ 02:20 PM
link   
reply to post by Rockpuck
 


I will definitely agree with that. There for a little bit it looked like down was the new up.

It would be nice for them all to finish in the green, but it doesn't look like that is going to happen. The Nasdaq might have a chance though.

edit -

There most be some decent economic news off the wire. Even though I'm really green at this it doesn't make sense that there wouldn't be a massive sell off with way the this week has been.

Of course crude oil is dropping back down instead of going up so it could be that we are still in a deflationary phase.

[edit on 20-2-2009 by Hastobemoretolife]

[edit on 20-2-2009 by Hastobemoretolife]



posted on Feb, 20 2009 @ 02:21 PM
link   
Dollar is down -1.07.

Gold climbing.

Is DJIA rising a little because they are now buying banks again?
What, there will be no nationalization?

Aha! Got it


www.marketwatch.com...{4F2DCD0F-5886-4666-8F9C-36CF53683A14}

So, any questions how the market is really regulated? With bailouts or simply by statements for the press?

Ah, no! Not a very good timing! Down one more time...

www.bloomberg.com...


[edit on 20-2-2009 by DangerDeath]

[edit on 20-2-2009 by DangerDeath]



posted on Feb, 20 2009 @ 02:41 PM
link   
reply to post by Hastobemoretolife
 


There was some interesting/bad news today, including Christopher Dodd (senator) who advised Bloomberg that Bank Nationalization "may be possible" (even though they have already been all but nationalized). Most financials, especially Citi, are down steeply.

There has also been rumors that more bank closures are coming (13 in two months is pretty bad in it's self, banks are most often closed on Fridays after markets close).

Gold tops $1,000 an once, pretty significant, and not exactly a good thing either.

Then you have the sell offs in Europe and Asia, which all week (especially Eastern Europe) have been rather dramatic.



posted on Feb, 20 2009 @ 02:44 PM
link   
European Futures:

DJStoxx 50 2,018.00 -97.00 -4.59%
FTSE 100 3,886.50 -117.50 -2.93%
DAX 30 4,034.50 -182.00 -4.32%
CAC 40 2,760.00 -114.00 -3.97%
S&P/MIB 15,557.00 -955.00 -5.78%

I don't think that's right though, Bloomberg sometimes screws Futures up with random numbers..



posted on Feb, 20 2009 @ 03:16 PM
link   
reply to post by Rockpuck
 



I don't know about you, but if they nationalize the banks that could actually put the finial nail in the coffin for America. At one time I would say if they nationalize the banks people would revolt I'm not so sure at this point.

I do have a feeling though if that it happens we're cooked not that we aren't cooked already, but after nationalization the political structure would break down not just the economic structure.

____________________________________

Dow closed at -100.28
Nas closed at -1.59.
S&P closed at -8.89

Not to bad like you said, pretty good closing day for a terrible week.



posted on Feb, 20 2009 @ 03:20 PM
link   
Can you guys keep the topic on the FX and stock market?
The posts on socialism are killing my head.



posted on Feb, 20 2009 @ 03:41 PM
link   
Latvia's government collapses amid economic crisis


NEW YORK (MarketWatch) -- Latvia's coalition government collapsed Friday, plunging the Baltic country into political turbulence at a time when its economy is mired in a severe crisis and investors are increasingly concerned about the situation in Eastern Europe.

source

Latvian PM quits as crisis bites

Latvian Prime Minister Ivars Godmanis and his centre-right government have resigned, amid turmoil triggered by economic crisis in the Baltic state.

President Valdis Zatlers has accepted the resignations and is beginning talks to try to form a new administration.

The country's economy is in recession and is set to contract by up to 12% in 2009, with unemployment rising by 50%.

Latvia's is the second European government, after Iceland, to fall as a direct result of global economic woes.

source

And so it begins....



posted on Feb, 20 2009 @ 03:45 PM
link   
Pardon me if this was already posted...


UPDATE 1-Mexico central bank intervenes in forex market
www.reuters.com...



posted on Feb, 20 2009 @ 03:49 PM
link   



posted on Feb, 20 2009 @ 06:43 PM
link   
reply to post by redhatty
 


thank god iit was a political collapse and not an economic collapse. the leadership fell apart, but the country is still opperating.

for how long will the economies of the baltic/eastern euro countries last though?

it' getting desperate.

as for Ireland... I don't have much respect for any of those groups, and their plan to .. fix.. the irish economy will do nothing less then force it into a deep depression. there communist, thats all.



posted on Feb, 20 2009 @ 07:26 PM
link   
Here is a link to some reading and a very interesting chart.

If you scroll down a bit there's a inflation adjusted 200 year DJIA cycle pro analysis chart.

www.geocities.com...

Look at our year and notice the higher channel, then take a look where the lower channel is.

We are heading down in the basement fast even without this meltdown & fraud happening in the world markets today, It was just the trigger of the downward spiral.

This meltdown was due to happen anyway!

The world economy is going to hell in a handbasket, and this depression will make the 1930's depression look like a vacation on paradise Island.

Now is the time to make a major overhaul of the financial system.

if not, I guess something drastic and and something major will soon change the development. And we don't want that - trust me!



posted on Feb, 20 2009 @ 08:01 PM
link   
Well folks,

I don't see the market ever recovering, looks like down is the new up.

libertarianrepublican.blogspot.com...

We are screwed.

In summary the trillion dollars we just spent was to pay for a socialist posing as a democrat power grab.

Hold on to your seats because we are about to enter into depression 2.0.

Sorry for the doom and gloom, but what do you do when it is the truth.



posted on Feb, 20 2009 @ 10:02 PM
link   
reply to post by Hastobemoretolife
 


Good article

Thanks for sharing that

And even after all the money thrown into the black hole we call the banks, S&P warns that the Credit crunch may only have just begun



posted on Feb, 20 2009 @ 10:17 PM
link   
still off-topic, but not that much if we dig, because it is all related :

i like to say often that utopia is the only realistic objective DD. Any other plan will fail.

i also like this quote from that zeitgeist adendum, to answer Hastobe :

"there is no human nature, there is only human behaviour"

and i like to add to this, to answer Hastobe still:

and this human behavior can be highly and easily conditionned and manipulated.

nothing is impossible in this world.
If it can exist in one's mind, then it can be accomplished. All the limitations we believe in are put by the conditioning system only: add them all up, you'll see a good picture of the matrix (remember and understand the end of the movie1).



posted on Feb, 20 2009 @ 10:33 PM
link   
reply to post by DangerDeath
 


idealism is a reflexion of the state of society it is higly dependent on conditions

utopia will remain the same idea whatever the context.

and utopic ideas will fail whenever they try to adapt to the context. I go with zeitgeist : we don't need money (just some dedicated and educated individuals to set tup the machines to create a work free society - let us not forget that even in this #ty capitalist society there are still people that work for the love it - the rest is working for survival or doesn't even know why - the conditionned middle-class ie the sheeple)

(ok I stop now the politic thinking soorrrrrrrrrrrrrrrrrry)



posted on Feb, 20 2009 @ 10:42 PM
link   
reply to post by redhatty
 


Thanks

Oh great, no wonder they want to nationalize the banks so they can put us in debt up to Mars.


The banks get rewarded for bad behavior they screw that up, the small banks aren't lending us much so they can stay solvent, and the government wants to come in and take them over to give out loans like candy.

I really hate the past few governments that we have had. I'm not anti-government cause I know we need one, but I'm really upset with the past few administrations.

They have just turned what would be a deep mildly long recession into a depression and instead of fixing it they are making it worse. It really gets under my skin.



[edit on 20-2-2009 by Hastobemoretolife]





new topics

top topics



 
133
<< 43  44  45    47  48 >>

log in

join