sell! sell! sell!

[tiznow]

Tiz just a note on Trump, he is a buffoon but it is pretty funny seeing the establishment lineup and comeout against him now.

Bloomberg, Buffett

His whole message is the elites have bought and sold this country, we're taking it back. So what does Hillary do? Get endorsements from the 4th and 6th richest people in the world.

Yeah the only saving grace is he's opening more eyes to how rigged and corrupt the system has become (blatantly obvious to anybody bothering to pay attention)..but dissapointed the messanger is total bafoon loudmouth that doesn't seem to have a filter..

love how the establishment managed to turn around the democratic nomination was blatantly rigged for Hillary email hack .. into a positive of Russia did it and doing it to help trump.. Forget that the party threw Bernie under the bus and Hillary bought and paid for the nomination as she will the presidency.. Hilarious shit

 

[tiznow]

Take tesla as an example not a ma and pa persay but a company that is burning through a lot of cash attempting to disrupt a market that has been stagnant/status quo for wayyyy too long ... Assuming we are heading for a mega downturn financing will get tough and tesla could potentially run into trouble..

boom bust knocks potential disrupters out of the market and protects the status quo turf.. So overall we stuck in low growth no true organic growth land financial engineering galore with status quo just gobbling up more share... Versus being a mpte competitive evolving dynamic growth based economy (we used to be)...

as ive said many times us is pretty much set in stone now to become Mexico north ..the fed chose this path for us... With the last two decades of fiscal insanity... hoards of uneducated poor with monopolies galore.. Especially when you factor in automation/robots etc..

 

[PatsFan1283]

Yeah, I see your point. Uber is probably entrenched and they were taking out pretty low hanging fruit (taxi cartel) but if the bust happens a few years ago then maybe they don't make it either, who knows. Their challenge wasn't as steep as Tesla's obviously.

But yeah, really tough to disrupt these huge industries now. Why tech has been so good because the barrier to entry is so low (takes a few years to be a good programmer, takes 10 years to even think about being able to work on new drugs or medical advances)

These 100+ year old monopolies tough to disrupt with so many other headwinds.

Still don't think the busts are good for status quo, something will give eventually but I guess it is better than creative destruction.

 

[tiznow]

Toss in "too big to fail" as well as far as rigged game for the status quo/big dogs

 

[tiznow]

Pretty funny watching Greenspan these days near his death bed giving interviews that beneath the surface pretty much saying what the hell did I help start.. Such a mess that partially of my own doing...

He has come full circle from his younger pre fed days when he wrote the essay gold and economic freedom..

 

[PatsFan1283]

Yeah he went to the end of the earth and back. I read some of the essay before.

Crazy how he's had the come to Jesus moment. I remember after Brexit he basically said the world is fucked.

 

[tiznow]

Just goes to show you even the fed chair is just another cog in the machine .. Like a big corporate entity the fed itself has grown to big and bastardized so it takes on a life of its own that is increasingly broken and corrupt... Even if some of the people within that entity are good meaning people... Shit gets lost in the various layers the bigger and more disconnected from things u get...

 

[tiznow]

[h=1]WHY DID ALAN GREENSPAN UNDERMINE OUR FINANCES?[/h]This article first appeared on the Money Metals Exchange site.
Under certain circumstances, seemingly decent human beings are capable of horrific things.
So it is with former Federal Reserve Chairman Alan Greenspan, who parlayed his sound money bona fides into the top post at America’s private banking cartel and current issuer of our un-backed currency. In betrayal of his own stated free-market principles, Greenspan spent his tenure at the Fed pumping up financial markets with easy money and enabling runaway government spending commitments.
Try Newsweek for only $1.25 per week
Today, however, the “maestro” of central banking is playing a very different tune. He’s warning against an inevitable crisis resulting from the very policies he helped implement.
Perhaps it’s a late-life crisis of conscience. Perhaps he feels guilty. Perhaps at age of 90, he just feels free to speak his mind in a way that most current and former Fed officials don’t. In any event, Alan Greenspan is very concerned about the legacy he will leave and now seems genuinely worried about the country’s financial future.
Following the Brexit shock and the market volatility that followed in its aftermath, Greenspan scolded British officials for the “mistake” of allowing the vote to leave the European Union to take place. He predicted more dominoes would fall. In an interview with Bloomberg last week he said, “We are in very early days of a crisis which has got a way to go."
It’s not surprising to hear Greenspan echo other pro-globalist voices in bemoaning the potential disintegration of the European Union. Central bankers, commercial bankers, governments and international corporations all have vested interests in pushing for what they call “integration.”
Outgoing United Kingdom Independence Party (UKIP) leader Nigel Farage declared the successful Brexit referendum “a victory for ordinary people” against "multinationals," "big merchant banks" and "big politics."
As global stock markets protested, the gold market surged to new 2016 highs post-Brexit.
The success of Brexit, which defied the predictions of pollsters, may bode well for Donald Trump. His unconventional campaign for the presidency hits on similar anti-globalist, anti-establishment themes.
Meanwhile, in Congress, renegade Republican Rep. Thomas Massie is pushing what he calls an “Amexit” from the United Nations. Massie’s American Sovereignty Restoration Act (HR 1205)would allow the U.S. to leave the United Nations and cease sending $8 billion per year in “contributions” to the world body.
Anti-establishment politics irks elites in central banking and elsewhere who institutionally prefer the status quo. But what really worries former Fed chair Alan Greenspan isn’t the upcoming election or any bill in Congress. It’s the $19 trillion-plus national debt and the trillions more in future spending commitments that are already baked into the cake.

Former Federal Reserve Chairman Alan Greenspan at a Brookings Institution forum on "Achieving Strong Economic Growth" in Washington on April 8, 2015. Stefan Gleason asks, Why did Greenspan play a key role in undermining sound fiscal policies and sound money while he was at the height of his power and influence at the Fed? Yuri Gripas/reuters The problem, as Greenspan sees it, is the structure of Social Security, Medicare and other “mandatory” spending programs. Through them, ever growing numbers of people “are entitled to certain expenditures out of the budget without any reference to how it's going to be funded. Where the productivity levels are now, we are lucky to get something even close to two percent annual growth rate. That annual growth rate of two percent is not adequate to finance the existing needs.”
Greenspan’s prognosis: “I don't know how it's going to resolve, but there's going to be a crisis.”
His pessimism stems from the political reality that elected representatives lack the will to address entitlement spending. “Republicans don't want to touch it. Democrats don't want to touch it. They don't even want to talk about. This is what the election should be all about in the United States. You will never hear one word from either side," Greenspan told Bloomberg.
He is right, of course. Even self-described “conservative” Republicans who tout smaller government in principle don’t actually vote for it in practice. Mathematically, they can’t.
Once you rule out cuts in military and entitlement spending, as most Republicans do, what’s left on the table to cut is small potatoes. Going after waste, fraud and abuse isn’t going to stop the bleeding of red ink as millions of baby boomers withdraw from the workforce and expect to collect trillions in unfunded benefits that have been promised to them.
The good news (if you’re a politician) is that under our monetary system you don’t ever have to cut. You don’t have to ensure that your promises of future benefits can be met with revenues. You can be as fiscally irresponsible as the Federal Reserve’s willingness to expand the currency supply permits you to be.
The Fed stands ready to buy up government bonds in unlimited quantities, making a sovereign default practically impossible and enabling the government to borrow at artificially low interest rates.
The government debt bubble is a product of the fiat monetary system. Under a gold standard, Congress would be limited by what it could actually extract from the people in taxes.
Here’s what one of the world’s most famous economists said recently about gold: “If we went back on the gold standard and we adhered to the actual structure of the gold standard as it existed prior to 1913, we'd be fine. Remember that the period 1870 to 1913 was one of the most aggressive periods economically that we've had in the United States, and that was a golden period of the gold standard.”
The self-described “gold bug” economist quoted above is none other than Alan Greenspan!
Yes, the longest-serving chairman of the world’s most powerful fiat money establishment.
The same Alan Greenspan who helped both Republican and Democrat administrations drive up the national debt from $2.4 trillion to $8.5 trillion in the years 1987-2006.
The same Alan Greenspan whose implicit open-ended backing of U.S. debt markets helped Congress grow unfunded liabilities by untold trillions more than is even reported in official debt figures.
The same Alan Greenspan who engaged in shocking interventions and currency devaluations, starting with bailing out Long Term Capital Management in 1998 and followed by a blowing up of the tech bubble, and, after its crash, the housing bubble.
At last, Greenspan sees the light. Perhaps in private he always did. Before he helmed the Fed, he was known as a free-market advocate who associated with novelist-philosopher Ayn Rand and strongly favored a gold standard. But unlike a Randian hero, Greenspan compromised his principles in his pursuit of power, fame and social status.
Taken to its extreme, the phenomenon of Greenspan’s tenure was akin to the “banality of evil,” a concept that came into prominence following Hannah Arendt’s book about the Nazi trials.
Arendt’s thesis, as described by author Edward Herman, was that people who carry out unspeakable crimes aren’t necessarily crazy fanatics but, rather, “ordinary individuals who simply accept the premises of their state and participate in any ongoing enterprise with the energy of good bureaucrats.”
Why did Greenspan play a key role in undermining sound fiscal policies and sound money while he was at the height of his power and influence at the Fed? Why did he do so much to fuel asset bubbles and reckless debt spending? Only Alan Greenspan himself knows for sure, but we’re the ones paying the price.

 

[eek.]

Markets will never really be truly efficient while the guys who own shares sell shares, marketmakers make share dealing a messy business fraught with dodgy motivations

A place where shares can be placed by an owner for a fixed price, and people buy/sell them for a commission.

A bet-fair type place, for shares, accessible to all buyers and sellers

Until that day arrives, markets will never be efficient and cannot be expected to be efficient

If the guy who's selling is crapping himself over losing money AND he controls the market feed then it's never going to work in reality.

 

[tiznow]

Fox News poll has Hillary up 10 now lmao.. It's over before the debates even start (Hillary a master debater).., trump hands Hillary and also dems control of Supreme Court as planned ... Just a circus to give the illusion of choice..

libertarians/Johnson up to 12% in that poll

 

[PatsFan1283]

Betting markets still giving Trump a 22-25% chance depending where you look.

He better hope Assange has something good.

 

[eek.]

The polls are rigged guys, polls are an integral part of the Liberals propaganda machine nowadays and are as reliable as Fox News
Remain was a shoe-in from day one in the UK according to the "polls"
The purpose of "polls" is to dishearten the non-liberals and reduce their numbers on polling day.

So how did the "polls" do at predicting Donald Trumps nomination?!

 

[eek.]

Social media is where it's really at nowadays if you want to find out who's doing well and who's popular with young voters, but in Trumps case a large number of his supporters are non social media people, people who have been fucked up the ass by the system

This one is going to be really difficult to predict, I presume that the swing states will be where to focus but I can see some weird stuff happening on polling day with Democrat states going to Trump and Republican states going to Hillary

 

[eek.]

All Hillary represents to millions of Americans is even more mass immigration and even fewer jobs, every anti-Hillary voter with a pulse will be out on polling day or their entire future existence for themselves and their families is fucked.

The media will be non-stop "Hillary Hillary Hillary" which could backfire on polling day, people not too fussed about her will not bother voting on the big day because the propaganda has her so far ahead

Trump voters on the other hand are voting to stop themselves being socially exterminated

 

[tiznow]

Remember UK is more white than US can't win elections simply on white angst in the US lol

trump will get near zero black vote .. 10-20% Hispanic..

there are other choices eek.. I refuse to support the charade (trump won't make and difference) and will be voting libertarian... Shit is hitting the fan soon regardless of who's in there would rather the poor masses see first hand that 12 years of liberals in White House isn't their savior...

------

btw when's this brexit thing happening? What changed? Seems like a whole lotta noise and not a whole lotta action.. Not surprising..

 

[eek.]

I seem to recall someone saying that Brexit was going to be the end of western civilisation lol

In reality things will happen slowly over the next few years, not months, and there will probably be some backtracking and some dodgy bullshit deals

As for the little guy? Not much will change, it rarely does

 

[snoop]

Yeah....S&P gains almost 10% since Brexit low. I think next month NFP is in play. A blow-out # will tank the market because rate hike fear is back, if the # is flat or bad, it might send S&P past 2250. We're back to bad news is a good news cycle....

 

[snoop]

Buffet is doubling down on Hillary heh...

 

[PatsFan1283]

Buffet is doubling down on Hillary heh...

Was pretty funny seeing her say the "Raise taxes on the middle class!" gaffe with a guy worth 65 billion dollars right behind her.

 

[PatsFan1283]

The polls are rigged guys, polls are an integral part of the Liberals propaganda machine nowadays and are as reliable as Fox News
Remain was a shoe-in from day one in the UK according to the "polls"
The purpose of "polls" is to dishearten the non-liberals and reduce their numbers on polling day.

So how did the "polls" do at predicting Donald Trumps nomination?!

Polls did fine at predicting Trump's nomination. The issue with the polls was people didn't believe them and thought he would fade.

I tend to think polls are underrating him a little now since he will get a ton of turnout from a specific base that is going to be ton to properly weight in polling, but I dunno if it'll be enough to win. Not for 3 months so who knows what happens between now and then.