Global Economy Bursting?

[Randolph Kinney]

The California Jobs Plan Is Working


California jobless claims rocket by nearly 14,000

http://www.bizjournals.com/sacramento/news/2011/10/20/california-jobless-claims-rocket-14k.html

The number of people filing new jobless claims across the country dropped by 6,000 to 403,000 from the previous week’s revised figure of 409,000, according to a weekly report from the U.S. Department of Labor. California, however, saw a huge increase in new claims.

California reported the largest increase in new claims, 13,882. The jump in claims was attributed to layoffs in the service industry.

 

[Workbox]

Invasion of Libya was About Gaddafi’s Plan to Introduce Gold Dinar
So Obama the Peace Prize Winner is celebrating the death of one of his past allies in which he also shook hands with? The economic collapse is ahead of us and military all over the world hot spots. It does not make one feel comfortable.

So many folks do not understand how the banking system has so much control in trying to enslave citizens all around the would with fiat money and debt.

It will be just a matter of time before it gets worse.

http://www.goldstockbull.com/articles/libya-invasion-gaddafi-plan-gold-dinar/

 

[Couch Potato]

Invasion of Libya was About Gaddafi’s Plan to Introduce Gold Dinar
So Obama the Peace Prize Winner is celebrating the death of one of his past allies in which he also shook hands with? The economic collapse is ahead of us and military all over the world hot spots. It does not make one feel comfortable.

So many folks do not understand how the banking system has so much control in trying to enslave citizens all around the would with fiat money and debt.

It will be just a matter of time before it gets worse.

http://www.goldstockbull.com/articles/libya-invasion-gaddafi-plan-gold-dinar/

There is nothing to stop any country from demanding gold as payment now, nor has there ever been anything stopping them. It's not like anyone would pay with bags of coins. They would use bars anyway.

 

[Workbox]

This is the latest shake out on the market. The market makers are still trying to hit the 1230-1235 area to still get some cushion if the EU fall apart. At the same time the EU is having another meeting to have another meeting to maybe, just maybe consider fixing things..maybe. :new_all_coholic:

If over the weekend they decide to fix something in EU we could have a rally. But how much of a rally and strength will be the question? If they do not decide to fix anything, soon you will have a European bank crying out for bailout very, very soon. Once you hear that cry from the bank, our banks will freak out and may cause a run of the banks. It will be the beginning of the end.

It's really up to Germany this weekend and I think they are just stalling to continue to move assets out of the EU to safer shores. And which shores are those may I ask?

 

[Joyce Potts]

Mr. T, are you suggesting that Mr. Soros is not our friend?

 

[Workbox]

Mr. T, are you suggesting that Mr. Soros is not our friend?

I have heard of the man and that he has an interesting life story and that he also plays the market. That is all I know of the man. Does he have influence? I am sure he does, does it effect me? of course it does, but so does every other knucklehead that has influence in this market.

All I can do right now is concentrate on making a profit in this crazy market and I could care less who is moving it. What I have to do is pay attention when the market makers make a move and I have to analyze the data and make the correct position. The interesting part is I can see the move by the market makers before the public ever knows about it.

Folks like Soros have bigger agendas than I do. People like him are years ahead than the common folk on main street. I just know I am not a sheeple. I hope.

 

[Riick]

If they do not decide to fix anything, soon you will have a European bank crying out for bailout very, very soon.
Once you hear that cry from the bank, our banks will freak out and may cause a run of the banks.
It will be the beginning of the end.

Or the end of the beginning of a "New World Order" -- where have I heard that before?

It's really up to Germany this weekend and I think they are just stalling to continue to
move assets out of the EU to safer shores. And which shores are those may I ask?

Do you think the Germans want to subsidize the PIIGS for ... forever?
It's a matter of when Greece fails, followed by_______
.... but first a Bank or two fails, and the dominos, will crush not only the EU but BofA, Chase, Citi,
....thus the PIIGS will give the US a nasty case of.... Swine Flu.

As one of my friends said yesterday:
"I'm so glad to live in the U.S., where we are completely insulated from such problems."

My paranoia smells something else going on, but I don't want anyone here
offering me alien-beam-arresting tinfoil to line the insides of my propellor-beanie

.

 

[Couch Potato]

Germans might have incentive

Or the end of the beginning of a "New World Order" -- where have I heard that before?


Do you think the Germans want to subsidize the PIIGS for ... forever?
It's a matter of when Greece fails, followed by_______
.... but first a Bank or two fails, and the dominos, will crush not only the EU but BofA, Chase, Citi,
....thus the PIIGS will give the US a nasty case of.... Swine Flu.

As one of my friends said yesterday:
"I'm so glad to live in the U.S., where we are completely insulated from such problems."

My paranoia smells something else going on, but I don't want anyone here
offering me alien-beam-arresting tinfoil to line the insides of my propellor-beanie

.

Germany will continue to subsidize if and only if they see it as an opportunity to return to a map that looks like the one below, which is not that hard to imagine at this point with so many countries "partying on their credit cards."

 

[Randolph Kinney]

This is the latest shake out on the market. The market makers are still trying to hit the 1230-1235 area to still get some cushion if the EU fall apart. At the same time the EU is having another meeting to have another meeting to maybe, just maybe consider fixing things..maybe. :new_all_coholic:

If over the weekend they decide to fix something in EU we could have a rally. But how much of a rally and strength will be the question? If they do not decide to fix anything, soon you will have a European bank crying out for bailout very, very soon. Once you hear that cry from the bank, our banks will freak out and may cause a run of the banks. It will be the beginning of the end.

It's really up to Germany this weekend and I think they are just stalling to continue to move assets out of the EU to safer shores. And which shores are those may I ask?

Here is something for you to consider about market trends:

For some perspective on one of the more important global stock markets, today's chart focuses on Chinese stocks and presents the current trend of the iShares FTSE/Xinhua China 25 Index (FXI). As today's chart illustrates, Chinese stocks have endured what amounts to an extremely wild ride since 2005. The FXI trended upward at an ever accelerating rate (i.e. parabolic) from 2005 to Q4 2007. As the credit bubble began to unravel, so too did Chinese stocks with the FXI trending downward at an ever accelerating rate from Q4 2007 to Q4 2008. Beginning in Q4 2008, the FXI surged -- gaining over 155% trough to peak. Since that post-financial crisis peak back in Q4 2010, Chinese stocks initially treaded water but more recently have entered in to a steep downward trend channel. Considering China's increasingly significant contribution to the global economy, this recent stock market action is most definitely a red flag.

 

[Randolph Kinney]

EU Considers Wielding $1.3T to Break Debt Impasse

http://www.bloomberg.com/news/2011-...ings You Need To Know Before The Opening Bell

European governments may unleash as much as 940 billion euros ($1.3 trillion) to fight the debt crisis, seeking to break a deadlock between Germany and France that is forcing leaders to hold two summits within four days.

Negotiations on combining the European Union’s temporary and planned permanent rescue funds as of mid-2012, while scrapping a ceiling on bailout spending, accelerated this week after efforts to leverage the temporary fund ran into European Central Bank opposition and provoked the French-German clash, two people familiar with the discussions said.

The option may be one way out of the impasse between Europe’s two biggest economies as President Barack Obama presses for them to find a solution.

“The market wants the euro crisis solved yesterday, and the politicians and finance ministries seem to be saying ‘yes we can, but no we won’t.’”