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EurAnalysis Kindergarten 24 replies

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  • #10,801
  • Nov 20, 2011 3:18pm Nov 20, 2011 3:18pm
Before I head to bed, I just want to give you all a "heads up"
SP500 futures opened much lower than Friday's close at 1207.9 That's below the 1210 support and just a few points away from flirting with the 1200 psych level.

Good night.
Those who say it cannot be done should not interrupt those who are doing it
  • #10,802
  • Nov 20, 2011 3:24pm Nov 20, 2011 3:24pm
well its dropping now for a few.

enjoy
Have I got something on my face, SOLDIER?
  • #10,803
  • Nov 20, 2011 3:25pm Nov 20, 2011 3:25pm
Quoting PipTrapper
Before I head to bed, I just want to give you all a "heads up"
SP500 futures opened much lower than Friday's close at 1207.9 That's below the 1210 support and just a few points away from flirting with the 1200 psych level.

Good night.
was just checking in... talk tomorrow,
patience is a virtue
  • #10,804
  • Nov 20, 2011 5:34pm Nov 20, 2011 5:34pm
This is the latest I found on the cuts in Washington.

http://www.foxnews.com/politics/2011...ittee-failure/

It sounds so bad that I am starting to wonder if the markets will see it this way. After all who really thought they would agree and the cuts come later.

I have decided to just watch, read, observe and let the markets make the call on this mess. It is beyond understanding how they will ever agree on anything. Start printing Bennie Boy !!! Watch the price of Gold as the clue might be there if it moves up. Will the markets tank ?

I am off to bed and look forward to an exciting week. Dow Futures down 76 the last time I checked.
  • #10,805
  • Nov 20, 2011 6:06pm Nov 20, 2011 6:06pm
I found this on a link in my Jim Wille report that came out tonight. I can post the link and the explanation is the best that I have seen to date.

Everyone should take the time to read it.

http://gonzalolira.blogspot.com/2011...bt-crisis.html

Gonzalo Lira Thanks for this.
  • #10,806
  • Edited 6:17pm Nov 20, 2011 6:11pm | Edited 6:17pm
I have no link since it came from the report I am reading however it is brief and needs to be revealed to everyone.

Good Night

A new amendment to the Dodd-Frank Bill (aka FinReg Bill) forced the first audit ever by the GAO (Government Accountability Office). The added clause with teeth was due to work by Ron Paul, Alan Grayson, Jim DeMint, and Bernie Sanders. USFed Chairman Ben Bernanke, Alan Greenspan, and numerous high ranking bankers vehemently opposed the audit. The culpable always object to sunlight. They distorted to the extreme both the financial market effect and the disruption to the power structure. The results of the first audit of the US Federal Reserve was completed in its 100 year history. The financial press did not cover the story. The results were posted on Senator Sander's webpage. The audit was startling. Zeros deserve to be shown. The central bank doled out $16,000,000,000,000 in secret loans to US banks, US corporations, and foreign banks. The recipients span the globe from France to Scotland, even Japan. Between December 2007 and June 2010, the USFed conducted hidden bailouts of many of the world's largest banks, corporations, and governments through their central banks. Officially, the center of the Western financial crime syndicate, the US Federal Reserve, refers to these secret bailouts as a comprehensive loan program. Quite the generosity though, since none of the money has been returned, all loaned out at 0% interest. The largesse to the elite and central bank stewards of the monetary system went without notification to the USCongress, while American public has been struggling to find jobs and keep their homes.

http://www.silverbearcafe.com/privat.../gaoaudit.html
  • #10,807
  • Nov 20, 2011 7:07pm Nov 20, 2011 7:07pm
Quoting knoholygrail
I found this on a link in my Jim Wille report that came out tonight. I can post the link and the explanation is the best that I have seen to date.

Everyone should take the time to read it.

http://gonzalolira.blogspot.com/2011...bt-crisis.html

Gonzalo Lira Thanks for this.
Thanks kno. That was interesting, informative, and basic (for us not fully into FA).
Mark ... Everything you have been told is a LIE
  • #10,808
  • Nov 20, 2011 8:12pm Nov 20, 2011 8:12pm
Quoting spzd
Thanks kno. That was interesting, informative, and basic (for us not fully into FA).
This is perfect as a European situation summary.
Wow.. that should go to the first page.

Does anyone agree with me?
  • #10,809
  • Nov 20, 2011 8:21pm Nov 20, 2011 8:21pm
Hey guys,

I really have a doubt (may be basic, but i dont know),

Everyone are telling Greece, Italy and some other countries have spent more than what they earn.... okay... let it be... Now, where is all those money?? Does anyone steal it and hid it somewhere???
If Greeks have spent those, the money should be with the one who have received within Greece or at least say other neighbouring Euro nations... So at least they should have those money, but they claim even they have no more money to spend??? If that is the case they might have given the money to someone else by the name of spending.... If so, where is those guys?? Or i should ask who are they???

Spare me if this sounds very silly, for i am totally new to finance and markets!!!
  • #10,810
  • Nov 20, 2011 8:32pm Nov 20, 2011 8:32pm
Quoting FX Tsunami
Everyone are telling Greece, Italy and some other countries have spent more than what they earn.... okay... let it be... Now, where is all those money?? Does anyone steal it and hid it somewhere???
If Greeks have spent those, the money should be with the one who have received within Greece or at least say other neighbouring Euro nations... So at least they should have those money, but they claim even they have no more money to spend??? If that is the case they might have given the money to someone...
Okay let's say I have 1 thousand Euros..
I spend this money on whatever I want (a computer, food, chicks, I don't know) within a mall.

The money should still be in the mall but it's no longer mine because I have already spent it.

So there's no way that I can get back the money that's no longer mine.

Easier way to explain it

Now.. if I'm a country, I should use that money to pay workers here, to pay workers there, and pff! the money is gone.

No way to get it back.

EDIT: Only if I understood the question
  • #10,811
  • Nov 20, 2011 8:46pm Nov 20, 2011 8:46pm
Quoting Pbh
Okay let's say I have 1 thousand Euros..
I spend this money on whatever I want (a computer, food, chicks, I don't know) within a mall.

The money should still be in the mall but it's no longer mine because I have already spent it.

So there's no way that I can get back the money that's no longer mine.

Easier way to explain it

Now.. if I'm a country, I should use that money to pay workers here, to pay workers there, and pff! the money is gone.

No way to get it back.

EDIT: Only if I understood the question


Okay.... I can understand that....


But on the whole, the money should be within the economy, i mean at least within Europe .... Right???

Say, I'm Greece and you are Germany (sounds cool huh )....

I have borrowed 1000 euros from you and spend, those money will naturally be inside Greece, some part of which will come back as tax... however the remaining money is with the people, but people say they have become poor because of poor Government performance.... How come that is possible???

I doubt my question is not clear ... isn't it ???
  • #10,812
  • Edited 9:09pm Nov 20, 2011 8:50pm | Edited 9:09pm
Quoting FX Tsunami
Hey guys,

I really have a doubt (may be basic, but i dont know),

Everyone are telling Greece, Italy and some other countries have spent more than what they earn.... okay... let it be... Now, where is all those money?? Does anyone steal it and hid it somewhere???
If Greeks have spent those, the money should be with the one who have received within Greece or at least say other neighbouring Euro nations... So at least they should have those money, but they claim even they have no more money to spend??? If that is the case they might have given...
Interesting question. To paraphrase my understanding (please correct me if I am wrong), you are saying something like:

The world is pouring an enormous amount of money into Greece, so shouldn't Greece now be full of money? So who took it?

Well of course some bad Greeks may have pocketed the money. But probably the real answer is that it all just vanished into thin air. Seriously.

Money is created when people or institutions borrow from the banks. It is destroyed when they pay back their loans or go bankrupt. If no new money is created with new loans, then the total amount of money in the system shrinks. Greece is in a deflationary cycle which is another way of saying money is being destroyed faster than it is being created.

If this does not make sense then read up on the fractional reserve ratio, debt and money creation. I doubt that it will make much sense at first, so feel free to return with more questions.

EDIT: if there is one key thing to understand about money, it is the fractional reserve ratio. Unfortunately 95% (99%?) of the world doesn't even know it exists. There is a decent youtube video called Money and Debt that explains this very well. However I disagree with its conclusion that the fractional reserve ratio and debt are in and of themselves bad.
Kill the ego, or it will kill the mission.
  • #10,813
  • Nov 20, 2011 8:59pm Nov 20, 2011 8:59pm
Quoting AaronWard
Interesting question. To paraphrase my understanding (please correct me if I am wrong), you are saying something like:

The world is pouring an enormous amount of money into Greece, so shouldn't Greece now be full of money? So who took it?

Well of course some bad Greeks may have pocketed the money. But probably the real answer is that it all just vanished into thin air. Seriously.

Money is created when people or institutions borrow from the banks. It is destroyed when they pay back their loans or go bankrupt. If no new money is created...


You got my question right

Please give me some time to think for myself again. I will definitely have questions. Will post sooner
  • #10,814
  • Nov 20, 2011 9:15pm Nov 20, 2011 9:15pm
Quoting Pbh
This is perfect as a European situation summary.
Wow.. that should go to the first page.

Does anyone agree with me?
It was very clear. A good (very) basic summary.

It raised one interesting point which I had not thought about. What happens to German exports if the Euro collapses. Of course, everybody knows it wont be good for Germany when the Mark appreciates by 30% (or whatever). However, half if its primary market (the EU) depreciates by 40% at the same time, then prices of German goods in Southern Europe will more than double. This is going to really hurt them.
Kill the ego, or it will kill the mission.
  • #10,815
  • Nov 20, 2011 10:17pm Nov 20, 2011 10:17pm
Quoting AaronWard
Interesting question. To paraphrase my understanding (please correct me if I am wrong), you are saying something like:

The world is pouring an enormous amount of money into Greece, so shouldn't Greece now be full of money? So who took it?

Well of course some bad Greeks may have pocketed the money. But probably the real answer is that it all just vanished into thin air. Seriously.

Money is created when people or institutions borrow from the banks. It is destroyed when they pay back their loans or go bankrupt. If no new money is created...


Hi frnd....

What do you mean by money "vanished into thin air"... sorry,I didn't really understand

Then, how does total money in a system shrinks??? It have to be within the system but may be with different hand... How does it shrink?? Do you mean currency devaluation as one of the causes???
  • #10,816
  • Nov 20, 2011 10:23pm Nov 20, 2011 10:23pm
Quoting FX Tsunami
Hi frnd....

What do you mean by money "vanished into thin air"... sorry,I didn't really understand

Then, how does total money in a system shrinks??? It have to be within the system but may be with different hand... How does it shrink?? Do you mean currency devaluation as one of the causes???
No, the money is quite simply gone. It is not in the system and it no longer exists. Nothing to do with currency devaluation and nobody took it. Have a read about the fractional reserve ratio, watch the video I recommended, and then come back with questions.
Kill the ego, or it will kill the mission.
  • #10,817
  • Nov 20, 2011 10:26pm Nov 20, 2011 10:26pm
Quoting AaronWard
No, the money is quite simply gone. It is not in the system and it no longer exists. Nothing to do with currency devaluation. Have a read about the fractional reserve ratio, watch the video I recommended, and then come back with questions.
Affirmative !!!
  • #10,818
  • Nov 20, 2011 11:31pm Nov 20, 2011 11:31pm
Attached Image


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Those who say it cannot be done should not interrupt those who are doing it
  • #10,819
  • Nov 20, 2011 11:35pm Nov 20, 2011 11:35pm
Quoting PipTrapper
Attachment

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Whats wrong with this thread? In other threads when we see a backside... it is human.
Kill the ego, or it will kill the mission.
  • #10,820
  • Nov 20, 2011 11:48pm Nov 20, 2011 11:48pm
Quoting AaronWard
Whats wrong with this thread? In other threads when we see a backside... it is human.

That's because this is not the porn channel.
Those who say it cannot be done should not interrupt those who are doing it
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