EU Comment (of a Different Nature)
I think I now perceive what is happening here.
The euro (EU, etc.) has been on a rampage of increasing price for a year and a half. Now, you and I both know that retail traders could never buy enough to cause that. Only the super-rich could be responsible. The conclusion is that after all this price pumping, they are heavily invested in it.
Two things are important to understand. One: it is those with great money that are the potential bag holders, not us. Two: the ECB has printed and printed and printed, so there is a lot of crap in those bags.
Now, if you were of the super-rich cadre, holding a rather large bag of potential shit, what would you be interested in doing? Of course, you'd be interested in slyly getting out, but with maximum profits, which means somehow the price has to be supported while you sell.
Now we come to the issue of Central Banks. We all know that there are critics of how the Central Banks work at times. For example, critics say the Central Banks get a foothold on underdeveloped and poorly developed countries by strong arming them to do what the Central Banks want them to do (such as let this or that company into the country, with free land and low taxes, to produce a product for profit using labor at low rates). You get the picture here. The Central Banks are just another instrument of the super-rich to get what they want. I hope you are starting to see where I am going with this.
So, what better way is there for the super-rich to extricate themselves from their massive holdings of the euro in the forex market but to have periods of strong selling followed by their Central Bank (the ECB) pouring more money into the market in support of the price! What a scam! Does this remind you of something? It should. This is just another example of the super-rich using their tools to stay super-rich at the expense of everyone else. This should remind you of how the "Thieves of Wall Street" collapsed the world economy, but over a single weekend Hank Paulson, ex-CEO of Goldman Sachs (maybe the biggest organized crime syndicate ever) being the US Treasury Secretary and working on the problem of saving Wall Street's ass, convinced both that idiot Republican President Bush, Jr. and the dominating Republican lap dogs of the super-rich in Congress to create TARP, a monument to the power of the super-rich to get what they want, no matter what,.....and leave everyone else holding the bag! In fact, this week was preceded by an ECB announcement that the ECB would make "funds" available to weather whatever storm would be caused by the upcoming FOMC statement (which happened today). These bastards were simply letting everyone of their cadre understand that they can get ready for another round of unloading their shit onto others, and not to worry about permanently lower prices before they are all out because the ECB will cause the prices to be restored for their next round of selling. And, fellow Sonicers, that is exactly what happened.
So, I conclude this indeed is what is happening. The super-rich are bailing out of the euro (EU, etc.) and each time their selling off a portion of their holdings causes the price to drop, in comes their instrument of salvation (also run by the super-rich), the ECB to raise the prices for another ahead of another round of selling, so the super-rich cadre can unload all their crap on the unsuspecting, leaving everyone but themselves holding the bag when this "transfer" is finally over and done with. This is just like the "Thieves of Wall Street" event, only this one is a drawn out process instead of a single event. But the results will be the same. The super-rich will make money, be saved, and everyone else but them will be left further suffering due to all the printing of currencies and other manipulations that needed to be done as a consequence of the super-rich saving their own asses at everyone else's expense.
Personally, I am not far away from profit on my euro related trades. When I am in profit the next time, I won't wait. I will close my holdings. After that, I might no longer trade any euro related instrument on principle. Why should I participate in a market (euro related pairs) that is totally rigged by the super-rich to help themselves get out and leave others holding the bag. And gee, if every retailer did the same, that would leave all those bastards looking to screw each other because nobody but themselves would be trading that crap!
Something to think about, huh?
-tah
I think I now perceive what is happening here.
The euro (EU, etc.) has been on a rampage of increasing price for a year and a half. Now, you and I both know that retail traders could never buy enough to cause that. Only the super-rich could be responsible. The conclusion is that after all this price pumping, they are heavily invested in it.
Two things are important to understand. One: it is those with great money that are the potential bag holders, not us. Two: the ECB has printed and printed and printed, so there is a lot of crap in those bags.
Now, if you were of the super-rich cadre, holding a rather large bag of potential shit, what would you be interested in doing? Of course, you'd be interested in slyly getting out, but with maximum profits, which means somehow the price has to be supported while you sell.
Now we come to the issue of Central Banks. We all know that there are critics of how the Central Banks work at times. For example, critics say the Central Banks get a foothold on underdeveloped and poorly developed countries by strong arming them to do what the Central Banks want them to do (such as let this or that company into the country, with free land and low taxes, to produce a product for profit using labor at low rates). You get the picture here. The Central Banks are just another instrument of the super-rich to get what they want. I hope you are starting to see where I am going with this.
So, what better way is there for the super-rich to extricate themselves from their massive holdings of the euro in the forex market but to have periods of strong selling followed by their Central Bank (the ECB) pouring more money into the market in support of the price! What a scam! Does this remind you of something? It should. This is just another example of the super-rich using their tools to stay super-rich at the expense of everyone else. This should remind you of how the "Thieves of Wall Street" collapsed the world economy, but over a single weekend Hank Paulson, ex-CEO of Goldman Sachs (maybe the biggest organized crime syndicate ever) being the US Treasury Secretary and working on the problem of saving Wall Street's ass, convinced both that idiot Republican President Bush, Jr. and the dominating Republican lap dogs of the super-rich in Congress to create TARP, a monument to the power of the super-rich to get what they want, no matter what,.....and leave everyone else holding the bag! In fact, this week was preceded by an ECB announcement that the ECB would make "funds" available to weather whatever storm would be caused by the upcoming FOMC statement (which happened today). These bastards were simply letting everyone of their cadre understand that they can get ready for another round of unloading their shit onto others, and not to worry about permanently lower prices before they are all out because the ECB will cause the prices to be restored for their next round of selling. And, fellow Sonicers, that is exactly what happened.
So, I conclude this indeed is what is happening. The super-rich are bailing out of the euro (EU, etc.) and each time their selling off a portion of their holdings causes the price to drop, in comes their instrument of salvation (also run by the super-rich), the ECB to raise the prices for another ahead of another round of selling, so the super-rich cadre can unload all their crap on the unsuspecting, leaving everyone but themselves holding the bag when this "transfer" is finally over and done with. This is just like the "Thieves of Wall Street" event, only this one is a drawn out process instead of a single event. But the results will be the same. The super-rich will make money, be saved, and everyone else but them will be left further suffering due to all the printing of currencies and other manipulations that needed to be done as a consequence of the super-rich saving their own asses at everyone else's expense.
Personally, I am not far away from profit on my euro related trades. When I am in profit the next time, I won't wait. I will close my holdings. After that, I might no longer trade any euro related instrument on principle. Why should I participate in a market (euro related pairs) that is totally rigged by the super-rich to help themselves get out and leave others holding the bag. And gee, if every retailer did the same, that would leave all those bastards looking to screw each other because nobody but themselves would be trading that crap!
Something to think about, huh?
-tah
