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lquadland10 (< 20)

Like Dominoes we world wide fall !!!!

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28

June 04, 2010 – Comments (5) | RELATED TICKERS: GS , SVL , AUY

Bare with me. I talk in pictures. I told you last month we had reach the tipping point. The world is broke. Some more than others. China will fare worse than we will because they depend on us buying products from them. OK So picture this. BP dividends for the pensions. England contracts. They tighten belts. Greece is tightening belt. Spain and the European union. Tightening belt. China tightening belt. India is also tightening belt. USA citizens tighten belt. China is going to start a property tax. More belt tightening on the Chinese people. Some with South America. Ok so it the belt tight enough? No walmat will lower prices. Yea !!!! It will help my hyper inflation because I do not earn 20 bucks an hour only 11.00. Gasoline needs to go back to 79 cents a gallon like in the late 80's early 90's. Ok so back to the Dominoes. Picture this. Mississippi Louisiana and Florida taken out of the world economy. China is like taking out Cal. India is like taking out Texas in the world economy. The European union is like taking out the East Coast from the picture. Hedge Funds leverages are about 17 times what cash they actually have. When the market hits certain amount they have to dump commodes. Taxes going up world wide more people spending less and the dominoes will continue to fall and the Fed can do nothing about it. Last year will look so much better than this new sell off. I love the Rick Santally analogy of taking a car in for a tune up and going back to find the whole engine on the floor. I can just picture that of our Constitution. Between the FED buying the banks and Insurance CO. and Car co. and congress passing health care finance reform soon what is next? Who knows and I do not care. I am not afraid. I believe we will see the stock market at half of what the low's were the last time the Market went down. This is not a correction IMO. Look to the past. We did not have Social Security and Medicare. Now add this into the Picture. We are now only 15 thousand away from 27 million people being out of work or under employed. Then add in Mississippi Louisiana and Florida. What will it be then? 30 40 thousand unemployed? 3 months from now?  I know the Fed would not lie to us and they tell us it is 10% more or less but we know it is about 18 to 20 %. We see New Feature on the US Debt clock debt to GDP. http://www.usdebtclock.org/

What are Congress and the Fed going to do next? Bail out the Banks or Fannie or Freddie again and again and again? Well Lets now look at some figures.

                Public       External    Total  Dept To GDP  I added Public and External to arrive at the total.

Japan        200%       43.45%          243.45%

Greece       122.5%    166.51%         289%

Portugal     79.21%    242%             321%            

USA           59.8%      94.31%          154%

China        18.9%       8.15%            27%

 

No this is not a correction. This is the next total break down. On Social Security we have unfunded 108 Trillion and so far we can cover 72 trillion. That leaves us 36 trillion short. No I do not see a good out come of this next step in contractions of the Money Supply. I guess good old Bernackee will just print money out of thin air.  This is going to be a good next week.

5 Comments – Post Your Own

#1) On June 04, 2010 at 6:26 PM, 1315623493 wrote:

It's not a bull market until the Dow passes 14,000 again in my opinion. I'm a grizzly bear at this point.

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#2) On June 04, 2010 at 6:32 PM, ozzfan1317 (78.68) wrote:

Yes things are a mess but I see mild improvements in economic fundamentals. I will agree pumping trillions into the system isnt the most responsible decision but all we can do now is try to compensate for higher taxes with higher passive incoome and a bigger asset base.

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#3) On June 04, 2010 at 7:15 PM, Donnernv (< 20) wrote:

Lynda:

You crack me up.  I'd love to "bare" with you, but since I'm married, I'll have to bear with you.  And if the world starts dumping commodes, we'll be up to our knees in poo-poo.

:o))

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#4) On June 07, 2010 at 6:49 PM, widedaddy67 (< 20) wrote:

I would love to hear your impression of the sad fuckin' mess in the gulf, it makes me sick just seeing some of the footage

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#5) On June 07, 2010 at 11:06 PM, lquadland10 (< 20) wrote:

bet thanks. ozz you see hope and you keep the the lighthouse going. Donn see spell check does not always work giggling please just bare with you wife only please. Widen. The gulf was planned to get us to green energy and for GS to get the carbon trading. Those yellowbellysapsuckers. The elite of this world or as I call them the Industrial Military Pharma Insurance complex are running the world. This is one of the last oh about 6 nails in the coffin. People call me a kook because I listen to the Alex Jones show as well as many other places just to get real news like England Russia and Austria. Just don't leave your gold and silver because as more banks close do you really think you will get your gold back out of the safety deposit box? After this is all done maybe 6 to 10 banks will be standing. Guess one that will be left?

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