After the plan-for-a-plan statement over the weekend in Europe, the huge volume rush to Euro confidence barely got over the 50% momentum crossover! Uggg.
If you can't find any more suckers than that, your fake rally is not doing very well(!) Nice try though.
We see a new channel for our tech clients, much more steeply negative than the one last week. It could start as early as tomorrow or as late as the G20, but it is a steep downer (now that there are a few upward candles to draw downward from...) Get ready to massively short euro/usd on the recent French pop.
At the end of the day, only massive currency printing can "save" those banks. When that happens, we all need to be on the better side of the nasty trade.
Monday, October 10, 2011
Friday, October 7, 2011
US Banks - More Socialist Entities
An argument against Wall Street protests is that the protesters are socialists.
Ha ha. The protest is all about big banks investing in socialism in the Euro zone and also accepting socialist benefits from the George Bush/Goldman-Sacks(Sachs?) era of the Colorado fello who's name we can't even remember.
Everyone needs to join the capitalist movement, i.e. we love winners and hate losers. Banks are losers and crooks. Be a capitalist! Support the movement against those who have been fooled but be compassionate to those who don't have intellect at the present time.
Ha ha. The protest is all about big banks investing in socialism in the Euro zone and also accepting socialist benefits from the George Bush/Goldman-Sacks(Sachs?) era of the Colorado fello who's name we can't even remember.
Everyone needs to join the capitalist movement, i.e. we love winners and hate losers. Banks are losers and crooks. Be a capitalist! Support the movement against those who have been fooled but be compassionate to those who don't have intellect at the present time.
How to Hide Euro Debt from US Bank Regulators - Short Course
If we were unscrupulous individuals (we are not,) then we might think in the following way:
1. Send some US$ to a holding company, one layer out of site is probably OK, maybe two.
2. Instruct the holding co. to buy Euros with the US$s you deposited.
3. Use the Euros to "safely?" obtain higher interest rates in Europe.
4. Meantime, don't bother to lend in the US (your charter) just try to sleeze by.
5. When the regulators take a look, everything seems fine.
6. Unless and until entire socialist nations default one by one in Europe.
7. At that time, ask for the US tax-payers to bail you out again.
8. If that doesn't work, see if the Fed can print enough money to help you while everyone else gets screwed.
Simple. Plan A and Plan B, one of them should work.
The best part? If you get caught, just make sure there is no clear trail to the top, i.e. just blame someone else!
1. Send some US$ to a holding company, one layer out of site is probably OK, maybe two.
2. Instruct the holding co. to buy Euros with the US$s you deposited.
3. Use the Euros to "safely?" obtain higher interest rates in Europe.
4. Meantime, don't bother to lend in the US (your charter) just try to sleeze by.
5. When the regulators take a look, everything seems fine.
6. Unless and until entire socialist nations default one by one in Europe.
7. At that time, ask for the US tax-payers to bail you out again.
8. If that doesn't work, see if the Fed can print enough money to help you while everyone else gets screwed.
Simple. Plan A and Plan B, one of them should work.
The best part? If you get caught, just make sure there is no clear trail to the top, i.e. just blame someone else!
Bank of America - Next to be Broken up by Regulators
The bank has no capital. It's been selling assets, at a loss, to raise capital. It has huge losses in US mortgages and in poorly managed European risk.
Just go to any branch. Unless you agree to put your own money at risk to the tune of $500,000.00, the bank will not even cash a check until it has first been paid by other banks that don't trust BofA and rightly so. See if you can cash a Chase check with BofA... ha ha!
These people have put the FDIC at risk with Euro investments.
Our advice... withdraw and find a solvent bank... quickly.
Just go to any branch. Unless you agree to put your own money at risk to the tune of $500,000.00, the bank will not even cash a check until it has first been paid by other banks that don't trust BofA and rightly so. See if you can cash a Chase check with BofA... ha ha!
These people have put the FDIC at risk with Euro investments.
Our advice... withdraw and find a solvent bank... quickly.
CNBC Trashes Protesters - Supports Bank Bailout by Taxpayers!
Anyone who supports $1T plus to payoff bankers who can't perform, i.e. fail at running their businesses, is either dimwitted or a crook. We don't like either one.
There is no democrat/republican issue here, just a result issue. Banks have failed and will soon fail again. We only focus on results, not misguided rhetoric.
That's how we make money. We focus on results and we call a loser a loser. Bankers are and have been losers. Their business is to make money from collective deposits, not to lose money and default on the deposits.
Let's get real CNBC.
There is no democrat/republican issue here, just a result issue. Banks have failed and will soon fail again. We only focus on results, not misguided rhetoric.
That's how we make money. We focus on results and we call a loser a loser. Bankers are and have been losers. Their business is to make money from collective deposits, not to lose money and default on the deposits.
Let's get real CNBC.
Thursday, October 6, 2011
Protesting Wall Street and Big Banks
We are donating to the protesters. In part, from the money we make by being smarter than the programmers on Wall Street and the used-car salesman at the big banks.
Unfortunately, the big banks have a "surprise" for everyone regarding Euro investments. Yet another 2008.
There is a distinct reason that the Euro/USD ratio tracks exactly with US equities. Because there are lots of USD invested in Europe that "might" come back. Only the largest US institutions can be responsible for such a high volume dumb move.
Unfortunately, the big banks have a "surprise" for everyone regarding Euro investments. Yet another 2008.
There is a distinct reason that the Euro/USD ratio tracks exactly with US equities. Because there are lots of USD invested in Europe that "might" come back. Only the largest US institutions can be responsible for such a high volume dumb move.
Steve Jobs - a True Icon
And the best is that he continues to transcend with what he has instilled in his organization and has given to the planet.
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