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  • #21,221
  • Aug 19, 2011 7:08am Aug 19, 2011 7:08am


Inserted Video
  • #21,222
  • Aug 19, 2011 5:33pm Aug 19, 2011 5:33pm
Friday?.........

good to be on vacation man, two weeks in santo domingo and the stress is gone, for now, it will be back later but is gone now, went to a wedding with wife and kids.........

Attached Image (click to enlarge)
Click to Enlarge Name: 295509_247510468616308_100000720709325_873308_1309077_n.jpg Size: 78 KB


have a question for the smart ones here....

Is capitalims done?

http://english.aljazeera.net/indepth...945411574.html
The Chonchy
  • #21,223
  • Aug 21, 2011 3:07am Aug 21, 2011 3:07am
Quoting chonchy
Friday?.........

good to be on vacation man, two weeks in santo domingo and the stress is gone, for now, it will be back later but is gone now, went to a wedding with wife and kids.........

Attachment

have a question for the smart ones here....

Is capitalims done?

http://english.aljazeera.net/indepth...945411574.html
Im going to give it a shot and anwser that.

For capitalism you would need money, capital=money. There is no money, there is fiat notes. So there is no capitalism. And its true in many ways: A grown, intelligent person would not want to amass fiat notes. The whole thing is silly: Why would anyone collect monopoly money if you know thats what you are doing? So in that sense capitalism died around 1971.

In another further sense it died around then also: US ran out of the easy, cheap oil. Instead of selling oil for other goods, a very basic premise i might add, there where no oil to sell for stuff. So a very basic premise of the activity of capitalism, oil for stuff, didnt work any more. Im not saying that US military was not involved in a lot of dirty shit before 1970, but im saying that in 1971, it became the first and foremost tool of the US military industrial complex. The military became the battering ram of the ones wielding it, the US oligarchs, what ever names and titles they may hold.

In a third sense 1971 was the death of capitalism: The oligarchs acted through Nixon and closed the gold window for the US dollar, in effect first basing the dollar on gold and now basing it on trust.

And in a fourth sense capitalism was dead by 1971: Capitalism was pretty much about trade and trade routes and such. To have power was to have the natural resources, have the manpower to refine it, refine it, pack it, sell it, ship it. But around this time something came into being that didnt need a lot of those things done. Something you could sell from a distance, didnt need to ship it, hardly any natural resources needed. That thing is mass media. Through mass media you can tell people what to believe, how to value things and what to value. So its very easy: You have a physical thing you want to sell like a pair of pants. It costs 10$ to make, but through buying some mass media that costs around 5$ so you can fling that shit for 75$ once people are stupid enough, once all they hear is lies!

And in a fifth sense, its not done its transformed: Back in the days you used to make a thing and then you sell the thing and if you are the one employing people, making and selling the thing then you are called "capitalist". The most wealthy today dont make shit! They show you a bunch of GOD damn numbers on a GOD damn piece of fucking paper, who the fuck cares about those numbers? People shut down their business and start giving pieces of paper to each other and making some phonecalls to Phil setting up some god damn meeting for god knows what ever the fuck reason! And people really doing something, harvesting, storing, selling corn and wheat and stuff, all theyre stuff is taken by the retards who sit around showing paper in front of each other, thinking about what fucking tie to wear to the office cleaned by people getting twenty times less then the idiot showing papers at other people! Thats some fucked up shit right there!

So yeah, what ever capitalism was, its pretty fucked as is.
My signature is: "Classified".
  • #21,224
  • Aug 21, 2011 3:12am Aug 21, 2011 3:12am
as long as there is greed no system will last forever.

Quoting yaed
Im going to give it a shot and anwser that.

For capitalism you would need money, capital=money. There is no money, there is fiat notes. So there is no capitalism. And its true in many ways: A grown, intelligent person would not want to amass fiat notes. The whole thing is silly: Why would anyone collect monopoly money if you know thats what you are doing? So in that sense capitalism died around 1971. In another further sense it died around then also: US ran out of the easy, cheap oil. Instead of selling oil for other goods, a very basic premise...
  • #21,225
  • Edited 6:29am Aug 21, 2011 3:23am | Edited 6:29am
Quoting traderpinoy
as long as there is greed no system will last forever.
I dont think any system will last forever. I dont think any controlled system will last very long. It shouldnt be systematic at all, at least not much more surveilance and taxes then Swedish 13th century. I mean that there cant be a few or one telling the rest what to do. Everybody needs to tell themselves what to do. I could easily vote as many times as the average politician needs to go and vote without even disturbing me from my daily routine if its done online. Even if i work as a farmer.

I could be OK with paying some people some things to keep away looters and whatnot, but i wouldnt want to give anybody anything in a compulsory way.
My signature is: "Classified".
  • #21,226
  • Aug 22, 2011 7:01am Aug 22, 2011 7:01am
Dow seemenly putting up a Friday's double bottom with today's 100+ futures. Key will be the 11,500 level.

Comments give that markets are already pricing in a worldwide recession, which I don't believe at all - IF AND ONLY IF - Europe keeps the PIIGS flying.

Although U.S. job's data are dismal in the last months, companies are putting strong earnings. Of course, the US is creating jobs IN CHINA, not in the US, hellloooowww!!!

When the dust settles, there will be no B.S. recession, stocks will fly high as well as currencies against the dollar.

Enough with this bad humor, huh?
  • #21,227
  • Aug 22, 2011 7:03am Aug 22, 2011 7:03am
Bernanke's ONNEEEE-POINT-TWWWOOOO TIIIIIIRRRIIIIILLLIIOONNNN Secret Loans...

http://www.bloomberg.com/news/2011-0...ret-loans.html
  • #21,228
  • Aug 22, 2011 7:15am Aug 22, 2011 7:15am
Hello all...
Just drop by here after a long time ago (when this thread was "hijacked" and all the old regulars left).
And to my suprise.. the old regulars was here again...
Cesarnc, BWR... how are u guys? Its good to see u guys again..
  • #21,229
  • Aug 22, 2011 7:33am Aug 22, 2011 7:33am
Quoting dd33
Hello all...
Just drop by here after a long time ago (when this thread was "hijacked" and all the old regulars left).
And to my suprise.. the old regulars was here again...
Cesarnc, BWR... how are u guys? Its good to see u guys again..
Yo dd, how you doing?

I'm trying to keep up with the thread now, after months submerged into my clothing business LOL...

Now I'm planning the second store, this time in a Shopping Mall here in Sao Paulo. Everything goes right and I'll sign the contract this week, possibly, for other 6 months submerged into the business LOL
  • #21,230
  • Aug 22, 2011 7:47am Aug 22, 2011 7:47am
Quoting cesarnc
Yo dd, how you doing?

I'm trying to keep up with the thread now, after months submerged into my clothing business LOL...

Now I'm planning the second store, this time in a Shopping Mall here in Sao Paulo. Everything goes right and I'll sign the contract this week, possibly, for other 6 months submerged into the business LOL
Hi cesar.. Good to hear that ur clothing business is doing great..

I've resigned from my office work and currently reviewing some "partnership" opportunities from few of my friends while giving more time to my trades. Just when the market goes crazy with those who's worse game between US and Europe.
Talking about timing..
  • #21,231
  • Aug 22, 2011 7:58am Aug 22, 2011 7:58am
Quoting dd33
Hi cesar.. Good to hear that ur clothing business is doing great..

I've resigned from my office work and currently reviewing some "partnership" opportunities from few of my friends while giving more time to my trades. Just when the market goes crazy with those who's worse game between US and Europe.
Talking about timing..
Yeah... but actually it's good to have the markets shaking up once and while. The faster the better. But the wise thing is to stay out/go slow not to get hurt.

Good thing is that all markets get refreshed, place nice setups. Euro, for instance, appear to be breaking out of a long term triangle. Broke it, tested it back down, broke out again, looking like readi to jump above the 1.44 level.

I think as soon as Europe does something meaningful about the debt crisis, Euro is going to 1.80, because all that was left in Bernanke's toolkit is the money printer - OH and HE DOES LIKE to print greens...
  • #21,232
  • Aug 22, 2011 8:07am Aug 22, 2011 8:07am
Quoting yaed
Im going to give it a shot and anwser that.
shit! They show you a bunch of GOD damn numbers on a GOD damn piece of fucking paper, who the fuck cares about those numbers? People shut down their business and start giving pieces of paper to each other and making some phonecalls to Phil setting up some god damn meeting for god knows what ever the fuck reason!
LOL... well funny...
Gone to a better place
  • #21,233
  • Aug 22, 2011 8:14am Aug 22, 2011 8:14am
Quoting cesarnc
Yeah... but actually it's good to have the markets shaking up once and while. The faster the better. But the wise thing is to stay out/go slow not to get hurt.

Good thing is that all markets get refreshed, place nice setups. Euro, for instance, appear to be breaking out of a long term triangle. Broke it, tested it back down, broke out again, looking like readi to jump above the 1.44 level.

I think as soon as Europe does something meaningful about the debt crisis, Euro is going to 1.80, because all that was left in Bernanke's toolkit is the...
I dont mind with market going volatile as long as it doesnt make me feels like going crabs fishing in bering sea..
  • #21,234
  • Aug 23, 2011 3:26am Aug 23, 2011 3:26am
Quoting dd33
Hello all...
Just drop by here after a long time ago (when this thread was "hijacked" and all the old regulars left).
And to my suprise.. the old regulars was here again...
Cesarnc, BWR... how are u guys? Its good to see u guys again..


WWAAAAASSSSUUUUUPPPPP!! dd33.

Yeah, we come we go but we keep coming back. Greed. Its all for Greed.
MUHHUUHAAHAAA Greed+Volatility= $$$$$$$






And sometimes Greed+Volatility = -$-$-$-$-$
Just Trade It
  • #21,235
  • Aug 23, 2011 3:28am Aug 23, 2011 3:28am
Quoting Turtle
Now that's what I'm talking about......

WAAAAZZZZUUUPPPPPP BWR??

HOLLA

Its always nice to see Turtle around.
Just Trade It
  • #21,236
  • Aug 23, 2011 3:37am Aug 23, 2011 3:37am
Quoting cesarnc
Bernanke's ONNEEEE-POINT-TWWWOOOO TIIIIIIRRRIIIIILLLIIOONNNN Secret Loans...

http://www.bloomberg.com/news/2011-0...ret-loans.html


Damn.
Just Trade It
  • #21,237
  • Aug 23, 2011 6:19am Aug 23, 2011 6:19am
"Investors are waiting for Federal Reserve chairman Ben Bernanke to make a speech on Friday on the US economy at an annual central bank conference in Jackson Hole, Wyoming, during which he could unveil fresh measures to revive the struggling economy."
-CNBC

My bet: Dow +600 at Bernanke's speech followed by -2,000 in the next 4 days.
  • #21,238
  • Aug 24, 2011 2:39pm Aug 24, 2011 2:39pm
On the same page as you, Bernanke up +600, then Trichet speaks Saturday, come Monday -600 and the ball starts to roll.

HOLLA


Quoting cesarnc
"Investors are waiting for Federal Reserve chairman Ben Bernanke to make a speech on Friday on the US economy at an annual central bank conference in Jackson Hole, Wyoming, during which he could unveil fresh measures to revive the struggling economy."
-CNBC

My bet: Dow +600 at Bernanke's speech followed by -2,000 in the next 4 days.
  • #21,239
  • Aug 25, 2011 6:28pm Aug 25, 2011 6:28pm
Quoting cesarnc
A volatile Dow, it seems today's move was about bargain hunting (BofA 20% discount, anybody? Don't call yet. Buying 1,000 BofA shares + $ 1,99 you get this beautiful penis extender ).

Anyways, I want to see Dow putting a convincing bottom, the higher lows, inverted H&S, the usual bullshit we call set up. The same with Bovespa, then I'll jump in on some Brazilian stock.

Panic or not panic, armaggedon or not armaggedon, Dow above 10k is important. Any tick at or below 9,999 and you will have to put on your anti-radiation suit...
i guess i will just have to go back to my old job rescuing endangered specimens. that is a picture of me, in the heat of the moment:

http://26.media.tumblr.com/tumblr_ln...icl5o1_500.jpg
  • #21,240
  • Aug 25, 2011 10:41pm Aug 25, 2011 10:41pm
Enemies today, lovers yesterday?

http://www.huffingtonpost.com/2011/0...ncid=webmail10
The Chonchy
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