Thursday, September 25, 2008

Ok, Restarting My day, Done Crying

This morning, I send this note to subscribers

"09:57 ET, there is a High expected into 15:00 PM ET in the market today then low into23:30PM"

Please do not get carried away, It maybe that all the potential of today's gains is already in the market.

You see these are kind of calls John makes the coffee money for his beloved wife for. So, polite man he is , often he thanks me(:-

Good Trading



Just page down and look for ABOUT EDERAL RESERVE on the right hand side of this blog. You will see why WOODROW WILSON was so depressed about enacting the FEDERAL RESERVE regime.


I will reprint it here too. Do you think the PRESIDENT WILSON knew exactly what was coming?

==========================================

On Sunday, December 23, 1913, two days before Christmas, while most of Congress was on vacation, President Woodrow Wilson signed the Federal Reserve Act into law.Wilson would later express profound regret over his tragic decision, stating:"
==========================================
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world - no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men

34 comments:

lagscrew said...

buy SDP 68.35

boris said...

Dear Lag,
Thanks
Good Trading to you My Dear Friend

lagscrew said...

dont see anyone watching % rates

boris said...

Dear Lag,
We do not need to watch it.
Remember we forecast the rise here?

(::)

GOod Tradng

sharon said...

Boris

SHANA TOVA DEAR FRIEND

SHaron

sharon said...

-

אנטי-סופיטליסט said...

Boris,

I see GBP will re-test the year low on Spe. 11. Would you agree? If you prefer, you can post it on the Psite.

Thanks

James

boris said...

Dear Sharon,
SHANA TOVA to you too
My Dear FRiend.

Dear Readers, Today is the Jewish new year.

If you celebrate or not.
Please have a good Year, whatever calendar you watch(:-

Good Trading

boris said...

Dear James,
I tend to agree, but as always be careful of those dead cat bounces.

I think , when , if ther is another rally ever , again in dollar, the GBP will be the major guy to dump on

Good Trading

אנטי-סופיטליסט said...

Sounds like the deal is done. Will everyone get all giddy again. Not me because I see what is coming down the road. waldo.

boris said...

Dear SUbscribers, Readers,
I hope everybody realised that the

'IF '
statement above is a JOKE right?

Good Trading

boris said...

Dear Waldo,
Thanks,

You mean the SOPITALISTS agree on next phase/final phase of transfer of money from poor to rich?

Good Trading

אנטי-סופיטליסט said...

exactly boris, i hate this govt with all my soul. waldo

Blaine said...

Dear Boris,

Glad to see your rant today. I hit the same hopeless breaking point for this nation's future in September 2007 after Ben's 50 point rate cut. Search for it in your blog history. It's there...

I've been looking to leave this country, specifically move to Canada. Not sure even that would help anymore. The government has an agreement with Canada that martial law can extend into Canada to round up U.S. citizens.

I will start buying water and canned food immediately. Already have a shotgun and ammo. I may need a 9mm handgun, too.

"You're the one brother. Don't let them get you, too"

lagscrew said...

Here is website that reviews the issue for you:
http://www.washtimes.com/news/2008/sep/23/student-car-debt-quietly-added/

The Article's Headline: Student, car debt quietly added to bailout plan. By Patrice Hill.
The Washington Times, Tuesday, September 23, 2008

"Treasury Secretary Henry M. Paulson Jr. is working with the Democrats on a bailout bill.

In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other "troubled" assets held by banks.

The changes, which were included in draft language that also opened the bailout program to foreign banks with extensive loan operations in the United States, potentially added tens of billions of dollars to the cost of the program.

Treasury Secretary Henry M. Paulson Jr. stressed that the additions were needed to ensure that student loans and credit cards - which have become indispensable to the spending habits and career plans of many Americans - do not become victims of the widening credit crunch."

These are just some of the comments in the article ... see the above link for the full text.

Regards,
Marty Chenard

Blaine said...

Also, everyone, I got this email forwarded to me supposedly from a Caltech economics professor:

1. The bailout temporarily calms the markets. The calm before the storm.
2. The Feds keep buying the debt, and instead of ½ a trillion it runs up to 5 trillion.
3. After the events of the week of Sep 15th, foreign nations are more leery of buying US debt (long and short term bonds). The US has to increase the interest rate on the bonds to get buyers.
4. Due to the higher rates and much larger national debt, the Feds can’t finance the debt, so they will increase (many fold) the speed at which they print money, increasing the M3 money supply. [They have started this 6 months ago and have stopped publishing the M3 statistics].
5. This will cause a devaluation of the dollar, possibly very rapidly. That is, the US dollar will fall fast against other currencies and the cost of everything could jump up fast, (i.e.: by 10 per month or doubling or tripling in prices every 6 months). This is what happened to Germany’s currency after WWI and to Kazakhstan’s currency in 1993-95, and many other countries who printed money to meet a deficit.
6. At some point, the public figures out what is going on (before it starts in full swing), and that the US dollar is about to drop (causing a sudden jump in all prices of goods/food), so everyone decides to use whatever dollars they have to buy items before the price goes up.
7. This causes a sudden run on all food goods. Shelves will be bare for a period of time (weeks?) while the distribution system tries to keep pace with the run on food. When food reappears on the shelves, they’ll have their new prices.
8. The Federal government will want to help and do something to stop the crisis, but there will be nothing they can do, since it is a crisis of faith in the U.S. dollar (the only thing they can control). Over the last 225 years, before wars or major depressions we didn’t have such a large deficit (or we had a surplus), so the Feds had “room to play with” (and could finance the debt to get through the temporary crisis.) If the rest of the world no longer is willing to finance the U.S. debt, then the game is over (the end of our 25 year experiment of continually financing the government on debt).
9. Due to this crisis, the Fed, State, and local govs will be running huge budget deficits. To try and reduce costs, they will be forced to lay off over 50% of all fed, state, and local employees. (Unlike any think in our previous 225 history).
10. Due to the soaring interest rates and drop in consumer demand, companies will have massive layoffs and downsizing.
11. The U.S. unemployment may go up to 30% or more.
12. These difficulties in the U.S. will have a rippling effect around the world, and the world recession that has already began will cause a worldwide depression. Why? It is the foreign counties around the world that buy US debt. The devaluation of the dollar will mean a devaluation of their investments. Credit will be very tight worldwide, interest rates will soar, and business will slow rapidly.
13. In the U.S. the economic hardship with create social hardship: massive foreclosures, more homelessness than we have ever seen, dramatic drop in standard of living. etc. Why? Because those that haven’t lost their jobs, increases in salary will be delayed with increases in prices. The percentage of people’s income going towards food will go up. Very little money left over for other items.
14. People will not want to hold on to dollars, as they loose their value too fast. After getting a pay check, people will quickly convert it into food or other hard assets or currency such as the Euro. Pricing things in Euros instead of dollar may become common. [Since 2006, people around the world have already started moving their assets from US dollars to Euros, due to the devaluation of the dollar].
15. This period could last many years, maybe up to 10 years.
16. Eventually, there will be a stabilization after the national debt has been devalued due to the falling dollar. Maybe we’ll decide to switch currency from the U.S. dollar to the Euro, and maybe we’ll decide to make one world currency (instead of the Euro dollar it might be called the World dollar), in an effort to stabilize the financial systems of the world. Then we’ll enter another period of prosperity.

Blaine said...

Here it is, we were all yelling last September:

http://borisc.blogspot.com/2007/09/limits_18.html

boris said...

Dear Blaine,
I remember that episode.
I still think that somehow , some/most of people will survive.

What I do not believe any more is that this is going to be orderly process.

It will be just like your post says. By trying to postphone inevitable the WEIMAR expereicne amy be reenacted and that , I am sorry to say, maybe followed with HITLER expereince.

Good Trading

JW said...

one word, criminal.

אנטי-סופיטליסט said...

As charleton Heston once said, they will pry my gun from my cold dead hands. I will survive because I am an old country boy that can be self suffeicent. They always said life begins at 40 and gets easier, boy is that a crock of bulls$$##it. I have never been so depressed in my life of what they have done to the american people. We need to bring back the hanging days when they hung someone for theft. They could hang 5% of this country because that is how many financial thieves there are. waldo.

boris said...

Dear Readers,
Dark Age Of America has began. How dark it will be nobody knows exactly, but it is scary to think what it could be.

Unsatisfied with the loot so far the SOPITALIST CABAL started on its last round of punishing anybody who every thougt the frugality is good thing.

Frugal people pose danger to the SOPITALIST CABAL, because they live and die on DEBT.

No you know what WOODROW WILSON was talking about when he said what is written down on the main page of this blog.

Search for FEDERAL RESERVE

Good Trading

John said...

The best is when the powers to be lectured china and everyone else about the "capitalist" way. I do not think that "they " will do that for a while. Do as I say not as I do.

old john

אנטי-סופיטליסט said...

Everyone just save enough money to get to my house. If nothing else I have enough wine made that we can just lay around drunk and let the government take care of us. I also have a nice little beagle that can run rabbits, that will be our protein we need. Rabbits and Wine, what more could you ever ask for. waldo

boris said...

Dear Jw

Agree

Good Trading my Deaer Friend

boris said...

Dear John,
CHina could not be lectured if they were not SOPITALISTS.

Forget, they are all the same

Good Trading

boris said...

Dear Waldo,
You are funny as you are kind.

I am coming, If I can make it(:-

GOod Trading

John said...

Waldo,

I do not have a shotgun for hunting. In fact, I have never hunted in my life.

old john

אנטי-סופיטליסט said...

With all the termoil in the markets it's simply amazing how accurate the ap's are. I have to learn to trust them more. Running in and out today just watching, no trades today. waldo.

boris said...

Dear Waldo,
The APs always work, becuase traders in the market use the same methods, no matter what the markets are doing.

That is why this service is an indispensible, for anybody who has a faint chance of making money in the markets

Good Trading

אנטי-סופיטליסט said...

John, I have several shotguns, you can take your pick. waldo

אנטי-סופיטליסט said...

Dear Boris,
To cap this Dark Day, the U.S. Mint
just announced they are
"temporarily" suspending sales of
American Eagle Buffalo gold coins.
Are the sopitalists begining to block every safe haven??
Soon there will be capital controls.
Waldo- Never used a shotgun, but got me a lotta rabbits with my 22.
Blaine- Got rid of my Walther PPK. Looks like I will be back in the market again.
Great discussion day.
Thanks to everyone.
Good Trading,
Klaaatu

boris said...

Dear Klaatu,
As always glad to hear from you.

Good Tradng My Dear Friend

IC said...

Boris Rosh Hoshanah starts MONDAY NIGHT. Shana Tova to you and yours for a happy, healthy, year. Ilya

boris said...

Dear IlYa,
Thanks you very much.
Shana Tova to you as well.
GOod Trading