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Quoting moonchild
Where did you confirm this?
its on ABC news now
Quoting forexlion
its on ABC news now

Unfortunately not on their internet site.
Something will happen on the dow in 15 days time starting June 28th today

something which will change the future of dow entirely

and I am keen to see what will it be

we have NFP coming up this week, and I am dying to know what it will be
Quoting forexlion
Something will happen on the dow in 15 days time starting June 28th today

something which will change the future of dow entirely

and I am keen to see what will it be

we have NFP coming up this week, and I am dying to know what it will be

In what you base that assumption?
Greetings, BeLikewater
Found an interesting article:

 

  1. I concur with the opinion. The FedRes will go into monster QE mode. There is little choice. Their doctrine of easy money, excessive credit and over consumption will rule. The choice of monster money printing is the easiest way out for the snakes-politicians.
  2. I doubt they will be able to rein in inflation though. The USD will be destroyed by hyper-inflation. With it, all the debts owed will ‘disappear’. All the fiscally prudent savers will be screwed. Be warned: keeping fiat currency cash is a bad mistake in times like these. Buy and hold physical gold and silver. Ambrose Evans-Pritchard writes (http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7857595/RBS-tells-clients-to-prepare-for-monster-money-printing-by-the-Federal-Reserve.html):

    As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve.

    Entitled “Deflation: Making Sure It Doesn’t Happen Here“, it is a warfare manual for defeating economic slumps by use of extreme monetary stimulus once interest rates have dropped to zero, and implicitly once governments have spent themselves to near bankruptcy.

    The speech is best known for its irreverent one-liner: “The US government has a technology, called a printing press, that allows it to produce as many US dollars as it wishes at essentially no cost.”

    Bernanke began putting the script into action after the credit system seized up in 2008, purchasing $1.75 trillion of Treasuries, mortgage securities, and agency bonds to shore up the US credit system. He stopped far short of the $5 trillion balance sheet quietly pencilled in by the Fed Board as the upper limit for quantitative easing (QE).

    Investors basking in Wall Street’s V-shaped rally had assumed that this bizarre episode was over. So did the Fed, which has been shutting liquidity spigots one by one. But the latest batch of data is disturbing. The ECRI leading indicator produced by the Economic Cycle Research Institute plummeted yet again last week to -6.9, pointing to contraction in the US by the end of the year. It is dropping faster that at any time in the post-War era.

    The latest data from the CPB Netherlands Bureau shows that world trade slid 1.7pc in May, with the biggest fall in Asia. The Baltic Dry Index measuring freight rates on bulk goods has dropped 40pc in a month. This is a volatile index that can be distorted by the supply of new ships, but those who watch it as an early warning signal for China and commodities are nervous.

    Andrew Roberts, credit chief at RBS, is advising clients to read the     Bernanke text (http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021121/default.htm)very closely because the Fed is soon going to have to the pull the lever on “monster” quantitative easing (QE)”. “We cannot stress enough how strongly we believe that a cliff-edge may be around the corner, for the global banking system (particularly in Europe) and for the global economy. Think the unthinkable,” he said in a note to investors.

    Roberts said the Fed will shift tack, resorting to the 1940s strategy of capping bond yields around 2pc by force majeure said this is the option “which I personally prefer”. A recent paper by the San Francisco Fed argues that interest rates should now be minus 5pc under the bank’s “rule of thumb” measure of capacity use and unemployment. The rate is currently minus 2pc when QE is factored in. You could conclude, very crudely, that the Fed must therefore buy another $2 trillion of bonds, and even more if Europe’s EMU debacle goes from bad to worse. I suspect that this hints at the Bernanke view, but it is anathema to hardliners at the Kansas, Richmond, Philadephia, and Dallas Feds.

    Societe Generale’s uber-bear Albert Edwards said the Fed and other central banks will be forced to print more money whatever they now say, given the “stinking fiscal mess” across the developed world. “The response to the coming deflationary maelstrom will be additional money printing that will make the recent QE seem insignificant,” he said.
    ……
    It is sobering that zero rates, QE a l’outrance, and an $800bn fiscal blitz should should have delivered so little. Just as it is sobering that Club Med bond purchases by the European Central Bank and the creation of the EU’s €750bn rescue “shield” have failed to stabilize Europe’s debt markets. Greek default contracts reached an all-time high of 1,125 on Friday even though the €110bn EU-IMF rescue is up and running.
    ….
    Clearly we are nearing the end of the “Phoney War”, that phase of the global crisis when it seemed as if governments could conjure away the Great Debt. The trauma has merely been displaced from banks, auto makers, and homeowners onto the taxpayer, lifting public debt in the OECD bloc from 70pc of GDP to 100pc by next year. As the Bank for International Settlements warns, sovereign debt crises are nearing “boiling point” in half the world economy.

    Fiscal largesse had its place last year. It arrested the downward spiral at a crucial moment, but that moment has passed. There is a time to love and a time to hate, a time for war and a time for peace. The Krugman doctrine of perma-deficits is ruinous – and has in fact ruined Japan. The only plausible escape route for the West is a decade of fiscal austerity offset by helicopter drops of printed money, for as long as it takes.
    ….
    We are much nearer the tipping today. The M3 money supply has contracted by 5.5pc over the last year, and the pace is accelerating: the ‘trimmed mean’ index is now 0.6pc on a six-month basis, the lowest ever. America is one twist shy of a debt-deflation trap.

    There is no doubt that the Fed has the tools to stop this. “Sufficient injections of money will ultimately always reverse a deflation,” said Bernanke. The question is whether he can muster support for such action in the face of massive popular disgust, a Republican Fronde in Congress, and resistance from the liquidationsists at the Kansas, Philadelphia, and Richmond Feds. If he cannot, we are in grave trouble.

Persistent rumours and whistleblower reports are swirling of mass evacuations and martial law. This will be an economic catastrophe for America, not just a human tragedy! How true is the report below? Draw your own conclusions!

California Notified Of Gulf Evacuation Plans
(http://theintelhub.com/2010/06/29/california-notified-of-gulf-evacuation-plans/)A well-placed source in California told WMR that the California Emergency Management Agency (CEMA) has been briefed by its counterpart agencies in the Gulf coast states that there are plans to conduct a mass evacuation of millions of Gulf coast residents due to the catastrophic environmental and public health effects of the BP oil disaster.

CEMA officials have been briefed on the planned evacuations by counterparts in the Louisiana Governor’s Office of Homeland Security and Emergency Preparedness, the Alabama (http://beforeitsnews.com/news/87/973/California_Notified_of_Gulf_Evacuation_Plans.html#) Emergency Management Agency, the Mississippi Emergency Management Agency, and the Florida Division of Emergency Management.

The Gulf states’ emergency planners stressed to their California counterparts that they are dealing with a disaster of unprecedented proportions and that contingency plans are being constantly updated and revised on ways to deal with the transformation of the Gulf of Mexico (http://beforeitsnews.com/news/87/973/California_Notified_of_Gulf_Evacuation_Plans.html#) into a deadly “toxic soup” of oil and Corexit 9500 oil dispersants and the atmosphere into a dangerous mixture of hydrocarbon gases.

CEMA was briefed on the impending mass evacuation since California would be expected to absorb a large number of evacuees from the Gulf states. CEMA officials did not say how the state of California, which is virtually bankrupt, would pay for the influx of hundreds of thousands and perhaps greater numbers of evacuees from the Gulf coastal region.
The Gulf oil spill is alot worse than the corrupt MSM wants us to believe. I am leaning on the side of mass relocation of 20M-40M people from the Gulf coast. Eric Blair writes (http://www.activistpost.com/2010/06/category-5-alert-katrina-trained-fema.html):

It has been reported that our well-oiled government is planning mass evacuations of Gulf coast cities (http://www.infowars.com/oil-industry-insider-and-cfr-member-predicts-gulf-evacuation/). Sources close to the government like investigative journalist Wayne Madsen (http://oilprice.com/Environment/Oil-Spills/Government-Insiders-Get-Ready-for-the-Gulf-Dead-Zone.html) reported: “Plans are being put in place for the mandatory evacuation of New Orleans, Baton Rouge, Mandeville, Hammond, Houma, Belle Chase, Chalmette, Slidell, Biloxi, Gulfport, Pensacola, Hattiesburg, Mobile, Bay Minette, Fort Walton Beach, Panama City, Crestview, and Pascagoula.”

Council on Foreign Relations member, Matt Simmons, was quoted on June 23rd in theWashington Post (http://www.washingtonpost.com/wp-dyn/content/article/2010/06/22/AR2010062205391.html?sub=AR), “We’re going to have to evacuate the gulf states. Can you imagine evacuating 20 million people? . . . This story is 80 times worse than I thought.”

And to add to the growing speculation that evacuations were being planned, Coast Guard Admiral Thad Allen in a Gulf oil spill press conference (http://www.mcclatchydc.com/2010/06/25/96568/transcript-of-adm-thad-allens.html#ixzz0rzrKfDUS) on June 25th suggested that evacuation plans were underway. He even discussed some of the logistics: “We would designate essential and non-essential personnel, and non-essential personnel would basically take shelter. Ideally, we would not do this at the same time they are trying to do an evacuation of citizens, so there’s a staging of this, and we actually would coordinate that with FEMA and the local governments.”

If Katrina was any indication of how the U.S. government handles mass evacuations, then responsible residents should begin planning their move now before they are forced to leave at gunpoint. Remember military in the streets and “temporary” FEMA housing? It seems clearer by the day that mass evacuations may be inevitable as several imminent threats to human health are converging with no end in sight. Experts are sounding the alarm on many fronts:

• Hurricane season is rapidly approaching (http://weblogs.marylandweather.com/2010/06/storm_clouds_in_the_caribbean.html) which will contaminate everything.
• A gigantic methane bubble has been discovered (http://www.reuters.com/article/idUSTRE65L6IA20100622) which can explode.
• Methane levels at 1 million times normal levels (http://www.reuters.com/article/idUSTRE65L6IA20100622) along with other dangerous toxins (http://www.activistpost.com/2010/06/gulf-oil-disaster-exposed-epa-lies.html) in the air.
• Corexit dispersant is reportedly causing mass crop damage (http://www.activistpost.com/2010/06/goldman-sachs-owned-dispersant-corexit.html).
• Oil rain (http://www.activistpost.com/2010/06/toxic-oil-spill-rains-warned-could.html) has been reported in multiple Gulf coast states.

Since these health risks do not carry the immediate shock effect of a powerful Category 5 hurricane, it may be difficult to convince residents to leave the area especially with the EPA’s history of lying about air quality (http://www.activistpost.com/2010/06/gulf-oil-disaster-exposed-epa-lies.html). Therefore, the authorities may have to use even harsher measures to get citizens to comply with evacuation orders. And where will the government put 20 million displaced Americans?

Over the years researches have revealed that FEMA camps (http://campfema.com/) do in fact exist and surely they will be utilized in an event of this scale. Government documents (http://www.globalresearch.ca/index.php?context=va&aid=7763) indicate many more have been built since the last time the U.S. government actively used them to lock up Japanese Americans in internment camps (http://en.wikipedia.org/wiki/Japanese_American_internment) after Pearl Harbor. Surely, FEMA will call these locations something mild like temporary “Relocation” camps to soothe the scared public.

With no viable solutions to stop the oil from gushing and the deadly toxins from leaching into all life systems, it seems the region may become a dead zone (http://blogs.discovermagazine.com/80beats/2010/06/24/will-methane-gas-in-gulf-waters-create-a-massive-dead-zone/) for decades to come. Clearly, free-thinking residents must be contemplating their future along the Gulf coast as quite bleak. For Gulf Coasters, it may be wise to evaluate relocation options now before FEMA invites you camping.
http://d.yimg.com/m/up/ypp/finance/player.swf?vid=20506671

Just what is the solution to the debt problem? The banksters would like us to believe more debts, save less, spend more…! You have to be out of your mind listening to these idiots who are out to enslave you. Yahoo Finance reports (http://finance.yahoo.com/tech-ticker/america%27s-ticking-debt-bomb-like-greece-%22only-worse%22-pento-says-508278.html;_ylt=AoGHkdhXYw.vyyLNL.ip4NO7YWsA;_ylu=X3oDMTE2aGlpczcxBHBvcwMxMQRzZWMDdG9wU3RvcmllcwRzbGsDYW1lcmljYXN0aWNr?tickers=UUP,UDN,TIP,TLT,TBT,):

America’s debt bomb is ticking and is likely to detonate in five years or less, says Michael Pento, senior market strategist at Delta Global Advisors. “It could be much sooner when we hit the debt wall,” Pento says. “My opinion doesn’t matter: Math tells me we’re in a serious problem.”

The math Pento refers to is the Treasury Department’s recent estimate (http://us.lrd.yahoo.com/_ylt=ArXXGDnbHdS7nQ3xLw.jxY9l7ot4;_ylu=X3oDMTEyNW9xNDdiBHBvcwM5BHNlYwNhcnRpY2xlBHNsawN0aGV0cmVhc3VyeWQ-/SIG=12s31i728/**http%3A//www.google.com/hostednews/ap/article/ALeqM5g-YziTsAJw1ofv-BiXk2MoSXknwQD9G8J5981) that total U.S. debt will top $13.6 trillion this year and rise to 102% of GDP by 2015. Moreover, the publicly traded debt (debt excluding intra-governmental obligations) will rise to $14 trillion by 2015, up from “just” $7.5 trillion in 2009. At $14 trillion, the interest payments on the public debt will total about $1 trillion in 2015, he continues; even assuming solid growth and low inflation, that would equal about 30% of total government revenue. “What do you think that does to our bond market?,” Pento wonders. “It leads to a dollar crisis and a bond market crisis. That’s why gold refuses to go down. “

Demand for U.S. Treasuries and the dollar currently remain high, especially in the wake of the euro’s slow-motion implosion. Pento admits timing this debt crisis is difficult but predicts we’ll be “like Greece, but worse,” in four years or less, unless we make a sudden turn toward austerity. “When we hit the debt wall it’s going to be extremely pernicious, and quickly.” The only way to avoid this catastrophe, Pento says, is to “rip off the Band-Aid” and cut government spending dramatically. (Unlike Europe, he says we should cut taxes, rather than raise them.)

“You’re going to have your recession/depression in the short term but on the other side of that you’re going to have a viable currency a viable bond market and a viable economy,” he says. In other words: rather than continuing to kick the can down the road, Pento says we should trade short-term pain for long-term gain.
Nothing will happen before November 8th

But on November 8th a thermo nuclear war will create hell
August 11th onwards, the dollar will along with dow jones start the kind of decline, never before seen, which will make traders vomit
Dude, what are you smoking?

Nuclear war?? Do you have imagination?
Quoting forexlion
August 11th onwards, the dollar will along with dow jones start the kind of decline, never before seen, which will make traders vomit
Hey bro
haven't see u for while
How is your healthy?
remember our last call g/u when 1.46 now we 1.52
http://www.forexfactory.com/showpost.php?p=3798059&postcount=231376
http://www.forexfactory.com/showpost.php?p=3798134&postcount=231384

Now again we have same view , i don't trade down but agree and i see 8600
What do u think about DX?
Quoting egkid
Hey bro
haven't see u for while
How is your healthy?
remember our last call g/u when 1.46 now we 1.52
http://www.forexfactory.com/showpost.php?p=3798059&postcount=231376
http://www.forexfactory.com/showpost.php?p=3798134&postcount=231384

Now again we have same view , i don't trade down but agree and i see 8600
What do u think about DX?
with dollar collapsing, cable will fly
Quoting forexlion
with dollar collapsing, cable will fly
hi sir,where do you think indian rupee will settle against the $ if such a crisis was likely to emerge?
Quoting forexlion
On November 8th a thermo nuclear war will create hell.
Please deal with yourself severely. Ahh, it's your thread, do what you want.
Quoting forexlion
Anything which does not relate to forex should not be posted on this thread, it will be dealt with severely.
Do not focus on making money; focus on protecting what you have.
  •  Ideasmiths
  • | Joined Mar 2009 | Status: 一将功成万骨骷 Forex war! Win pips or die! | 30 Posts
Wow, sound like "Fall of the Republic" conspiracy theory by Alex Jones.
Not being a particularly successful trader, I search threads all the time for insights and forgotten ideas. In fact, I had quit using the PSAR a couple of years ago, but have returned to using it as a final confirmation for trades. I only paper trade now and cannot seem to quit trying to succeed at forex, as I still enjoy it immensely. I love the ponies too, but managed to reluctantly give that up. At any rate, your template is a very big help, and thank you. And I must say, this is the most interesting thread yet! Whether you are serious or just being entertaining, it is interesting.
thanks, i use the crazy stuff i read and see in visions to trade forex and get a better understanding of the markets

99% is bs, trying to manipulate the market sentiment and only a rare % gives the true direction

like from all the bs i learn is dollar can weaken on oil theories and strengthen if there is a thermonuke war

putting that as a general idea on cable and euro

just get your ass down and trade
HI Lion,
Your firm view on gold for targeting 10000$ an ounze by december, is it feasible ? at present it presents an correction opportunity. so how much downside risk u expect before it likes move to the favored destination and what is the suitable strategy to adopt for targeting the above. Your kind opinion is solicited
regards
gupta
Hi Lion..Doing Alright..???

another huge profit for EU..?? Ty 4 everything...
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