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   Strategies & Market TrendsBuy and Sell Signals, and Other Market Perspectives


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To: Joseph Silent who wrote (42991)1/1/2013 11:25:39 PM
From: Wayners
1 Recommendation   of 182217
 
I see no credible deficit reduction whatsover, in fact there is a credible deficit increase from giving unemployment out forever and ever. The video games sure produce a lot and they deserve it!. Everybody will buy tomorrow, followed by a devastating debt downgrade as promised by Fitch.

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To: Wayners who wrote (42992)1/1/2013 11:40:04 PM
From: Joseph Silent
   of 182217
 
I leave the convolutions and logic to you guys. But it should be clear that Fitch and S&P are as crooked as the

rest of 'em (or have you forgotten?) and markets go up in the face of downgrades, once the confusion has been used to someone's advantage.

Life's a Fitch to be on the wrong side of a hard-to-predict market. Logic doesn't have a great track record with prices. If it did, everything would be automated, and wires would come out of pointy-headed skulls. Now all that comes out is noise. Noise can be helpful.

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To: Wayners who wrote (42990)1/2/2013 12:09:12 AM
From: FCom777
1 Recommendation   of 182217
 
I'm frankly surprised that the House passed this. I figured the entire 'Cliff' was a hoax - and the master plan of both "parties" was to screw the taxpayer with massive tax hikes while being able to blame the other "party" for the impasse. Seemed like it was no coincidence that the country was split pretty close to 50/50 between the "parties". In that way, all the politicians win while the average guy on the street gets gouged. And the stupid taxpayers would have both been cheering for their 'side' - as they all get gored.

I thought it was a Masterful plan - but I guess I was being too cynical.

What they ought to do is consider making a structural change to the budget process itself to encourage fiscal constraint rather targeting specific cuts themselves. Rather than letting a single bill pass - all or nothing - they should open up a window of time after a budget bill's passage - say two to four weeks - where proposals to eliminate specific line items in the bill can be extracted - similar to a line item veto - but rather than give the power to the Executive Branch - leave the power in the House - and make it so that only 25 to 33 per cent of the votes -or so- are needed to approve the spending extraction proposal. A procedural change like that might be useful to eliminate a lot of the pork that always is embedded in the bill.

Fat chance though - politicians LOVE their pork ... that's why they spend tens of millions to get a job that 'pays' only a couple hundred thousand. But if I was wrong about the 'hoax' theory, maybe I'm wrong about this ... is it possible that SOMEONE on Capital Hill cares about their country? Nah ... fat chance ...

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To: FCom777 who wrote (42994)1/2/2013 12:14:26 AM
From: Wayners
   of 182217
 
The end game when everybody knows we can't pay is a likely Constitututional Convention. We are beyond screwed if that ever happens. A new Constitution could easily cover everything the State Godheads desire without any limits at all.

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To: Wayners who wrote (42995)1/2/2013 12:45:14 AM
From: FCom777
   of 182217
 
Not so sure about that ... as far as a new Constitutional Convention ...

I'd like to think that people are becoming more and more knowledgeable about how they are getting screwed by the Bankster Class. Although we have a ways to go ... seems like the trend regarding popular opinion vis a vis the Banksters is clear.

When the chit finally hits the fan - and the debt really becomes untenable - seems more likely that the people lash out against the Banksters and the Fed - kind of like the McCarthy hearings in the 50's or Watergate in the 70's - and they get stiffed with their so called Balance sheet and a majority of the debt is reneged upon.

I forget the article and section in the Consitution ... but there is verbage in there that states that Debt fraudulently incurred can be legally reneged upon. Although admittedly unlikely, I think that is more likely than a complete rewrite of the Constitution. The only way that that occurs is if Bankster powers continue to strengthen - and they get away with royally screwing all of us - in which case you would be 100% correct.

I prefer to believe in the public outcry scenario - history shows that this occurs a few to several times each century ... we are surely due ...

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To: FCom777 who wrote (42996)1/2/2013 1:05:38 AM
From: Wayners
   of 182217
 
I don't think most voters have a clue, so hyped on video games, drugs, sex, alcohol, liberal media, and left wing profs and Hollywood movies that a new Constitution will appear to be great but puts all power in the State and higher. After that it's just simple enforcement of the "law". We've already seen the test case for this. The only way it was defeated was by overwhelming force from other Nation States. If there is only one State, where will overwhelming force come from? Unarmed citizens?

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To: Wayners who wrote (42997)1/2/2013 1:22:26 AM
From: FCom777
1 Recommendation   of 182217
 
I agree with you that most people do not have a clue ... although slow to change ... it seems like the inertia is clearly moving in the right direction.

Look at it in terms of numbers. How many constitute the privileged elite ? Five - ten thousand ? Compared to what ? 320 million ? How many weapons are in the general population ? Tens of millions? Probably more.

Viewed this way, it seems like the elite may find themselves in a precarious position. The irony is that their own security relies on the Rule of Law. Yet what do they do? They flaunt the Rule of Law. Fraud and corruption at high levels is rampant. They think they are being slick and clever - maneuvering the system for their own benefit. But the fact is they are in reality digging their own graves. Their greed will ultimately be their own undoing.

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To: Mr. Aloha who wrote (42984)1/2/2013 3:25:58 AM
From: Mr. Aloha
   of 182217
 
"If this Fiscal Cliff bill passes the House, the DAX will open much higher IMO."

Yep, the DAX just opened, and it's already up 2%: marketwatch.com

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To: Mr. Aloha who wrote (42984)1/2/2013 5:04:06 AM
From: Vendit™
   of 182217
 
House approves 'fiscal cliff' deal; bill headed to Obama's desk

The House late Tuesday night voted to approve a sweeping tax deal to prevent the most significant effects of the "fiscal cliff," overcoming Republican resistance to raising income tax rates on the wealthiest earners.

The 257-167 vote culminated a day of high drama in the Capitol, as Republican leaders considered and then quickly abandoned a plan to attach steep spending cuts to a measure passed overwhelmingly by the Senate early Tuesday morning.

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To: Qualified Opinion who wrote (42966)1/2/2013 5:17:35 AM
From: GROUND ZERO™
   of 182217
 
I have some good friends who had a home built just recently in Costa Rica and they're moving there on the 11th of this Month... I also have some friends who have taken up residency in the Caymans, that's where I'm looking myself... I've already gone Galt regarding my taxes effective as of 2012, so this pig ovomit will not receive another cent from me no matter what he does...

GZ

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