Global Economy Bursting?

[Big ole Boy]

Amazing revelations

Strange how the investors respond and react to Europe's inability to service its debt in Euros. That is because individual countries can't print Euros therefore the solutions are default or bail out by the EU.

If the US was put into the position of not being able to borrow in dollars but some other currency, we would see rising interest rates and we would consider defaulting.

...thats interesting ....... a lot of things are starting to come to the forefront ....... the common guy (like myself) is starting to understand that QE can be done without congress.

....congress can squabble about cutting the budget by just $1.00 ....... and it takes so much emotional energy within DC to make that directional move on government spending .....

....but, all Obama has to say .... is "hey, Bernanke boy, go do some QE ....... ummmmm, how about 600 billion ...... and lets see what the world does .....

.... now Randolph your telling me ....... the EURO has no QE ability ? .... amazing .....

... and now I am hearing that the big wigs in DC are trying to engineer a new base line in government spending and tie it to a percentage of GDP .... they are trying to make it 22% ......

.... by locking spending to GDP .... they can play with GDP and government data more easily ....... and really start corrupting the machine ......

.... the ruling class wants to get away from passing spending bills ....... they all want to stay home and govern with a blackberry ...... by the fireplace ....

....

 

[Randolph Kinney]

.... now Randolph your telling me ....... the EURO has no QE ability ? .... amazing .....

My bold.

Individual countries that belong to the EU cannot do QE, printing euros. That was my statement. Therefore their choices are either default on their debt or be bailed out by the EU.

The EU is the central government, a federal arrangement, while members countries are like states. Just like our states cannot print dollars or engage in QE, neither can member countries in the EU print euros or engage in QE by themselves.

California is like Greece or Ireland or other troubled European countries that have borrowed in euros and have gone wild with their spending, except it is in dollars. The results will be the same; either California defaults or it gets bailed out by the federal government.

 

[Big ole Boy]

...warning ! fringe material below ....


On Coast to Coast AM with George Noory ........

.... a guy was on ...... whom from childhood was involved in the "Pegasus Project" ..... a government project started after WWII ..... that he claims could split a null void in space ...

.... he claims that history going forward will now evolve human history as we go .....

.... penetrating the past .... tweaking the historical movement ...

... perhaps we are to witness the "new human engineered" finance ...the zero point currency ....

.... using information that travels faster than light .... to create a digital world finance ...

... an agreement .....

... a non-violent agreement ....

..to get to type 1

 

[Randolph Kinney]

Irish Debt Falls for 13th Day on Default Concern

http://www.bloomberg.com/news/2010-...nce-backs-germany-on-debt-restructurings.html

Just more of the same. The EU solution is to extend and pretend while budget cuts and tax increases for individual countries are implemented. More riots now, more riots to come. There is no way to pay off the debt but at 9%+ yields, some yield hungry investor may take a chance on a bail out.

 

[Randolph Kinney]

France Joins Germany Ganging Up on Bondholders to Share Pain

http://www.bloomberg.com/news/2010-...on-bondholders-to-share-pain-euro-credit.html

The cry from the major countries in the EU is investors must share the cost of sovereign debt restructurings of counties like Ireland and Portugal. Germany and France do not want their tax payers to bail out those governments at 100%. Investors should be cheated to share the pain.

Why would investors buy sovereign debt of any European country, except Germany's bonds issued in marks?

The day of default is coming.

 

[Austin]

Report from flyover country: Today Friday Nov 12, the wife and I with another couple took a day shopping trip. 12 hours and I am pooped. Heard and saw a couple of interesting things: I heard on the radio that the post office is 8 billion dollars in deficit so far this year and there is talk of privatizing the post office. You talk about a war now there is one that will fill the streets with blood. Remember all those postal workers that went berserk and shot their co-workers? There were jokes going around like: “Guns don’t kill people, postal employees do”. I heard this year that something like 60% of post office expense is for retirement benefits for retired postal employees.
We went to one of those outdoor outfitters outlets where they sell everything you can imagine from guns to beans. As we entered the door there was a guy with a side arm on his belt. He was dressed like a boy-scout leader. He was in a motorized wheel cart. Later we ran into him in the back of the store and he was loading his basket up with survival food. My buddy’s wife asked if he liked that stuff. He said he was a soldier. He said he mixed the stuff he bought with something else and was stocking up on supplies. He said he could live off military food packs and it tasted just fine to him.
I got home about 8PM and checked the Drudge Report for the latest news. Top Head line was “Big Sis” head of TSA, is worried about riots over the holidays because of body scans and strip searches at airports. Even the pilots and crews are up in arms. She is slacking up on the regs to avoid trouble.
Read these stories and then connect the dots and read between the lines. One little spark can set off an explosion that will be hard to stop. We are sailing in troubled waters folks. This ain’t no drill, this is the real shebang!!!! They will probably shut the internet down so I just want to wish each and every one of you God’s speed and hope to see you after the revolution. The next time we meet I may be writing from the Confederate States of America. Randolph probably will be in the Peoples Republic of California where it will be a crime to write anything without a state censor checking it out first and possibly in Spanish. O well, it was fun while it lasted. Cheers!

 

[Workbox]

Report from flyover country: Today Friday Nov 12, the wife and I with another couple took a day shopping trip. 12 hours and I am pooped. Heard and saw a couple of interesting things: I heard on the radio that the post office is 8 billion dollars in deficit so far this year and there is talk of privatizing the post office. You talk about a war now there is one that will fill the streets with blood. Remember all those postal workers that went berserk and shot their co-workers? There were jokes going around like: “Guns don’t kill people, postal employees do”. I heard this year that something like 60% of post office expense is for retirement benefits for retired postal employees.
We went to one of those outdoor outfitters outlets where they sell everything you can imagine from guns to beans. As we entered the door there was a guy with a side arm on his belt. He was dressed like a boy-scout leader. He was in a motorized wheel cart. Later we ran into him in the back of the store and he was loading his basket up with survival food. My buddy’s wife asked if he liked that stuff. He said he was a soldier. He said he mixed the stuff he bought with something else and was stocking up on supplies. He said he could live off military food packs and it tasted just fine to him.
I got home about 8PM and checked the Drudge Report for the latest news. Top Head line was “Big Sis” head of TSA, is worried about riots over the holidays because of body scans and strip searches at airports. Even the pilots and crews are up in arms. She is slacking up on the regs to avoid trouble.
Read these stories and then connect the dots and read between the lines. One little spark can set off an explosion that will be hard to stop. We are sailing in troubled waters folks. This ain’t no drill, this is the real shebang!!!! They will probably shut the internet down so I just want to wish each and every one of you God’s speed and hope to see you after the revolution. The next time we meet I may be writing from the Confederate States of America. Randolph probably will be in the Peoples Republic of California where it will be a crime to write anything without a state censor checking it out first and possibly in Spanish. O well, it was fun while it lasted. Cheers!

The tipping point is said to be on the 14th of November, 2010. Some may understand it, others may have no clue, there are so many theories out their it is hard to get a grasp of. All I know is that many markets are at the tipping point and so are many stocks and right now is the time to start shorting or get ready to pick up the pieces when it does rebound.

As for communication? that is the problem, only military will have the technology and yes, many do depend on the Internet. Just remember those geeky guys and gals and make friends with them.

Another thing about the Confederates States of America, remember, you may have allies south of the border. Many there are just as frustrated and do not trust the elite politicos. You do not want to alienate them, because you can get it from both ends.

Did any one hear about Obama getting kicked in the chin by S. Korea not want to buy anything from America?

 

[Randolph Kinney]

All I know is that many markets are at the tipping point and so are many stocks and right now is the time to start shorting or get ready to pick up the pieces when it does rebound.

TIPPING POINT?

The National Muni Bond Fund ETF has crashed. Between the anti-bailout GOP Congress, and the worsening situation in California, maybe people are realizing this is real.

 

[Randolph Kinney]

Commodities Are Just Getting Clobbered Today

 

[Randolph Kinney]

PCK PIMCO California Municipal Income Fund II Crashes

Investors are getting nervous over any thing that has run up in price and the fundamentals don't support it. Would you invest in California bonds?