Cesarnc's market talk, gossips, rumours & fun

.....great 45condor, we will defenetly enjoy your post here, I have always done, fundies is fine, as long as you know both parts of the ecuation, it ain nothing wrong with fundies dddd like them and I listen to them, I just trade the 30M chart because fundies change the trend so much in the intraday that it make it hard for me to follow so much news and so much technicals so the technicals are isier to get in and get out with a couple of pips, just a few pips a day is all I need, so post away as you wish, and I know what you mean about FF, is irritaring some times but I love it to be in here with my gang.......so welcome and I'm sure my gang will love you as well......

.........and if you are part of the elite, don't worrie, we need an undercover in there also some times..........

One to raise the blood pressure; if allowed, bankers are released for a second time whilst receiving bonuses for, well, utter failure, whilst we are forced to take salary cuts and pay higher taxes - be this income tax, or all the subversive taxes placed on fuel, food, clothing and so on.

http://www.bloomberg.com/news/2011-1...bt-crisis.html

As I said, Wednesday will be a particularly interesting day. The trick, to work out how big all the lies will be, and then take appropriate action.

And with that, I bid you all a good night's sleep.

Both, I think, and a whole lot more if she's enjoying it. Although my better half is looking over my shoulder saying this doesn't look very professional and I'm saying - not as professional as those girls? We're just messing on the weekend when the market is closed? Hmm. Won that one. Probably not.

Going to read Condor's posts now.

.......all half good now, stops in +1 now..............

.......... the same 45condor, have a good one, also going to read your link now........

good read 45condor good read in deed, so in another words they shield the banks and who shield us from inflationary taxes and increments in food, oil and other goods like you mention here

..........I have a small problem with my interbankfx chart.......aparently betwing the close and the open there is a "GAP" or not let see when they realy open, fxstreet saids 3306 now

GAP UP on the euro, hey! good call on the long, conchy. good effing call.

i was worried there, Senor. but damn, that was good you nailed it.



will be back later...needs to head out.

like I said before dddd, you win some, you lose some, and that bounce could easily become a retrace that is due on this yurow and you know retraces it could go back up to the 50% fibo on this drop, who know's welcome to forex, if not stops in place is the name of the game and then rinse and repeat, good luck to you all..........
........there is a lower green doted line at 31XX that could also be visit today or tomorrow or the next week, but........

.........This is a good one for dddd and 45condor that like fundies o funnimentals like some people call them,

http://www.efxnews.com/story/7471/im...bln-shore-euro


.........My question is, WTF (and is who the f.....) not what, but who give the IMF the money to lend it to the Italians in first place, because that I know the IMF dosen't built BMW's or cadilacs or chinese ceramics or sheetrock, so where do they get the money from? Ben Bernanky? oh so let me get something clear, Ben Bernanky fabricates the money out of thing air, lend it to the IMF at a low rate (it cost nothing to print so if he makes 0.01% is some) and the the IMF lend it to the Italians but tell them well we are going to lend you the money bt you have to tell your people that they have to stop traveling to greece to spend money over there until you guys pay us back so we can pay Ben Bernanky back so he can give his 0.01 % gain to the elite who owns the federal reserve bank.............if some one think that I'm wrong here some where in this perfectly legal transation, backed by the USA goverment and the United states congress, please let me know or if you agree say so, say please why are we such a suckers, and if you think in england that you haven't being like us, think again..........because I think we are all in the same boat here, working to pay taxes so the IMF can pay his debt to the central banks and the feds, and lend it to the Italians, wow how much sucker I have being...........

some these banks have shitload of trillions in derivative exposure....i cant even tell the head from the tail. because it is just chasing itself

http://fc07.deviantart.net/fs27/f/20..._by_Feyrah.gif

but it dosen't mather that they have toxic derivatives dddd, IMF will resolve all the bail outs don't worrie about that man, they will get out of all those toxic derivatives by selling them to the russians or the indians or the chinese at .10 cents on the dollar, declare it a loss and then get bail out by the IMF
.......that we allready know is a private institution funded by the central banks and if the central banks run out of money, they will ask their congressmans for permission or persimons, I don't know how to pronaunce that word, to print more..........

............allmost hit TP3, but we are gething there if not we are at +1 and then.......rinse and repeat........

I think we may even get to the greed horizontal line, we will see "how she rolls", where is Turtle?

.........small yurow dollar here at 3327 le see if it goes, add more if it goes higher, staying out of the franc for now, dangerous discorrelation could accur, so flat the franco dollar and short the yurow dollar..........tite stop just in case it may turn in a full retrace...........

Just about to board, and using a BlackBerry at the mo, so not convenient for me to give my take on this. However, the bait has been put in front of me, and I want to take a swing at this answer. Will hopefully come up with something in the next day or so, as the system mechanics for funding the IMF is disgusting, and no better than a loan shark.

I got stoped out in this trade at +1 and never got back in, was tire sleepy and I'm cacthing a bad cold with the change in weather..........

i hope you didnt exit too soon....it subsequently dropped like a rock. USD/CHF

MR. conchy,

the system is not sustainable. that is my point. eventually, china, japan will stop funding all these shit.

there will be a day of reckoning. you cant just print money out of thin air (fiat currency) for soo long...and keep sticking the taxpayers with it when things go wrong....and what i beleive is going to bring the system down is: toxic derivatives. Why? Well, as of 2007, there is estimated over $516 trillions in toxic derivatives in notional value. The US GDP is $15 trillion. The US money supply is also around $15 trillion. The total GDP of the entire planet is $50 trillion. Total value of the entire worlds stocks and bonds market is $100 trillion. Total value of the entire worlds real estate is $75 trillion. The fed's balance sheet before the mess in 2008(which further exposes the fed to junk) was $800 billion--mostly in treasuries. Look at all those numbers again and then compare it to $516 trillion in derivatives toxic sludge. Given the new, increasing debt that the FED started taking on since 2008...they've expanded that balance sheet by simply printing money. Take a look at the FEDS balance sheet. For a more comprehensive reading, check here. And i genuinely believe they are being dishonest....

And you want to tell me that shit is not going to hit the fan at some point? How much money can you print to cover up this stench?

And you know the best part? Banks keeps finding more ways to make more derivatives. And they are never going to stop. They've bought the politician and nobody is going to audit the federal reserves except ron paul or alan grayson. Since we do not have auditing/transparency at banks...i am willing to guess that the amount is even higher.

In my humble opinion, toxic derivatives is going to be the end of it all. I have to disagree with you and say: it does matter that they have toxic derivatives, how the heck are you going to get out of $516 trillion in toxic derivatives when the total GDP of the entire planet is only $50 trillion? when the entire stocks and bonds market of the world is only $100 trillion? close your eyes? The Greek external debt that is causing all this euro mess(among other things causing the euro mess) is only $583.3 billion(scroll down to see it); the Greeks public debt is 329.35 billion euros. That is nothing compared to $516 trillion of toxic derivatives garbage. Trillions, my good man. Capitalism might have taken things to the extreme that will destroy itself.

What percentage of that $516 trillion in toxic derivatives need to default before a domino effect/cascade effects happens and everything falls like a house of cards? 2%? 5%? 10%? On top of that, since the fed and other banks are not transparent, and a lot is not regulated, i wont be surprised if THE AMOUNT IS EVEN HIGHER.

We are all living on borrowed time. At least, the western world is.

that is my two cents.

P.S a blast from the past:

!

Hi Chonchy,

Pff, Brussels, busy, full of officials with suites that I very much doubt were funded by themselves, and foggy – that's the weather, not the drips trying to swing their dicks for attention. (I apologize to any regular readers for the crudeness, but this evening's subject matter really gets my blood boiling)

Right, the following is my abridge summation that tries not to digress too much, cannot for reasons of brevity make comment on the many convolutions and side-tracks to really start to investigate the mechanics of the IMF, but is, I hope, a base structure that can be further investigated if one so chooses to do so.

IMF: In short, good Chonchy Sir, you give them the money. In the particular instance of providing loans to Europe, it goes something like this.
You pay your taxes – which come in many forms – to your government, who then pay back X amount to their lender – the FED, which we all know is a private company, and not a department of the government - don’t be fooled with the Federal in the title – and also to the IMF through a quota system for those countries that are members. Most developed countries ‘donate’ X amount to the IMF. The IMF then decide whose begging bowl they will feed, and as we all know, this comes with very strict payback conditions that are always met by the taxpayer, whilst the, in many cases, dictators holding the bowl, have millions stashed in a Swiss bank account, and properties along the French Riviera. Ever wondered what those that ‘donate’ receive in return? It is a very interesting research project for one to conduct whilst waiting for the pip set-up to manifest itself, and I would recommend the exercise to anyone.

What is currently happening is that your tax Dollars are not being spent on the school for your children, the medicine for the care of your children, or the condition and security of the suburbs for your children through non-Stalinist law enforcement, but on bailing out criminals in high places. That is, banks and politicians who have squandered trillions, cocked up, and then forced the government to rape the taxpayer even more. In this case, it looks like a double rape if the IMF go ahead with bailing out the countries of Europe. Oh, and your Dollars also help to pay for $3000 a night sex parties and goodness knows what else for top officials of an institution that is supposedly in place to help the poor. And if you think Dominique Strauss-Kahn cannot afford to pay for this himself, consider this: his family fortune is estimated to be in the region of $100 Million. It is also an interesting exercise to research what happens in Oxfam and so on. I no longer donate cash to any charity, but instead buy food at the local supermarket and then take it to local food kitchens and such for those that are not as fortunate as me.

So, Wall Street, The Square Mile, Bankfurt, Nihombashi and so on, and so on, and so on, are afraid that the money already poured into the swill back in 2008 – by the tax payer - will be lost if countries just default… something the big boys are trying desperately to avoid; witness the forced removal of democratically elected leaders of countries, and I'm not talking some tin-pot banana republic, or ‘our man gone rouge’ Middle Eastern/North African dictator, but supposedly mature democracies such as Greece and Italy, and replaced by technocrats that are not elected, and have in former posts all served the European Commission (another undemocratic, unelected and unaccountable entity that tells the public nothing other than what the shape of a banana should be if being sold on a fruit stall in Europe, or more recently, that producers of drinking water cannot put on the bottle that water helps to avoid dehydration – that is not a joke, check recent news outlets).

Now, take a moment to understand what has just happened to these two countries.; one the assumed birthplace of democracy, the other, the assumed epitome of a modern civilized lifestyle with an economy recently ranked around 11th in the world, have just been forced, using your Dollar via FED interests, (and my Pound and Euro given my particular circumstance, and anyone else's currency if reading from a country that is involved in financing bailouts – so pretty much everyone) to forego many millennia of democratic growth, in order for the technocrats to move in, impose fiscal reform, and rape the taxpayer.

Lets go back a few years to round one of raping the taxpayer. Governments give money to the banks – keeping the ‘old-boy’ system in place – and then tell us all that all is well. We don't like it, cannot do anything about it, and so have to accept it, we are told, in order to maintain our current way of life, which isn't that bad, and that we can accept a little hardship if only to preserve our countries. We hope the perpetrators of the financial crimes – and that is what they are – would be held accountable. They weren't, but assurance is given by those that come to us every four or five years and pretty much force us to vote in order to lend legitimacy to their fascist regimes that the system is stable once more. Well, not too long after this it becomes blatantly clear that all is not well, and I, and I guess a lot of other people, suddenly see bank charges going up and savings’ rates going down, even though I was forced to give that bastard money not so long ago to get them back on their feet, whilst that same bastard then stole my comfy shoes and gave me dog-bitten slippers to wear. So, a few years ago your Dollar did not go to serve you, but some f*&%er sat in a high office in a foreign land, in order to protect his bonus before he or she gave any thought to paying his lender back. That's you. And you did not have any say in where your Dollar was channelled, and was most certainly not were any right-thinking person expected it to go.

A few years later, and higher tax and bank costs to you, that same f*&%er is still ensuring that he receives his bonus – and now we are back to pre-2008 bonus levels (higher) – and you are now going to be forced to give more Dollars. The only difference now is that your Government is broke, the FED are petrified of losing their first ‘investment’, and so the real players in the world of commerce are telling Governments that it's time for another rape of the taxpayer otherwise the whole system will come crashing down. Of course, Government cannot do anything, and so the IMF knock on the door. They will give you a loan - with your money, let's not forget - but you will have to accept having less money in your pocket by way of higher taxes, less public services, etcetera.

So, if Italy is bailed out by the IMF, it will be with money already given by the Italian taxpayer, and you, and me, and most other people reading this post. The Italians will suffer the most as they will have to take a bigger cut in living standards(IMF loan conditions on fiscal adjustments to country-specific policies) in order to receive back their money… oh, and they, and by donation-association, the rest of us, will be expected to pay interest on this giving back of money that was once ours, to those that we gave the money to in the first place, with no interest paid to us (taxpayers) whilst they had it in their pocket.

I found this a very interesting video, and very much recommend watching it… even for us non-US citizens.

!

Sleep well.

...and I was going to throw in the fear of money of any country copying Iceland and sticking two fingers up to everyone.

I vouch for both your contribution this evening whilst I sit here in Brussells, and for the message that the voters in Iceland - given the democratic right to vote - gave to the world.

bravo! bravo! bravo!
reading your post, 45condor, i have the same feeling i had when i was watching the movie "good will hunting". I just picture the character in that movie reading off your posts like a sharp stream-of-consciousness monologue.....

Enjoy this: