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it's official. the US of A is now a communist country

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Legend
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Joined: Dec, 2001
Posts: 85256
Posted: #1
don't like the way the market is going? after YEARS of doing NOTHING? just CHANGE the trading rules. same thing (only in reverse) that the commodities regulators did to the Hunt brothers back in 1980.
 
"The U.S. Securities and Exchange Commission early Friday issued an emergency order temporarily banning short selling in the shares of nearly 800 financial institutions."
 
probably a GOOD think for the markets IN THE SHORT TERM BUT it does NOTHING about the underlying problems with the economy.
 
I also wonder how many BILLIONS of this TRILLION bail out dollars will go to GOLDEN PARACHUTES for the criminal CEO's that got us into the problem in the first place?
 
guess you can add a line to the old texas oil patch saying "if you owe the bank a MILLION dollars, you've got a problem BUT if you owe the bank a BILLION dollars, the BANK'S got a problem" (because they can't call your loans without destroying themselves).
 
you can now add to that "and if you owe the bank a TRILLION dollars, the whole damn COUNTRY has a problem."
 
Legend
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Joined: Dec, 2001
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Posted: #2
oh, and I'm not the only one that thinks this way.
 
US Is "More Communist than China": Jim Rogers
 
 
"America is more communist than China is right now. You can see that this is welfare of the rich, it is socialism for the rich… it's just bailing out financial institutions," Rogers said.
 
 
 
Covers Rehab
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Joined: Jan, 2008
Posts: 535
Posted: #3
Lighten up rat and enjoy the party...This country is frickin Disneyland have some damn fun and go with it
 
Legend
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Posted: #4
well I cashed a nice ticket with my QID's so I AM enjoying the party. once this "dead cat bounce" runs out, I will get back in
 
once foreign investors, esp the ChiComs and Arabs, figure out that they are getting FUCKED in any US dollar denominated paper, last monday and wednesday will just be the preview of the REAL horror show.
 
All-Star
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Joined: Jan, 2006
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Posted: #5
Quote Originally Posted by LeRinkRat:

 
once foreign investors, esp the ChiComs and Arabs, figure out that they are getting FUCKED in any US dollar denominated paper, last monday and wednesday will just be the preview of the REAL horror show.

Yep, Paulson blew this one.

 
Banned
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Joined: Nov, 2005
Posts: 1830
Posted: #6
Smoke and mirrors 'til they get the hell out of dodge.
 
All-Star
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Posted: #7
One of these days in the not too distant future (within 5 years), we are going to wake up one day to "financial armageddon" when the amount of debt owned just blows up in the face of the entire world.
 
The tax bill for basically about 18 MASSIVE bailout packages the last 13 months will cripple the US little guy consumer, and that is on top of 2 unwinnable wars in the mid-east sucking trillions and trillions of dollars out of the taxpayer.
 
But the reality is that this is all in the cards.  Financial armageddon so a "one government world" can come in to existence.  In this wonderful world to be, there will be no cash and no freedom.  Everything you do will be tracked, recorded and used against you at any time.  Welcome to the world of the microchip.
 
And oh btw, living in a bunker and roaming as an outcast won't be tolerated------those peeps (like I) will just be round up and shot dead........the new 1984 totalitarian regime will stomp everything in its path------nothing except total conformity will be tolerated.
 
All-Star
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Posted: #8
Power is the ultimate aphrodisiac, the greatest of all addictions.
 
I'd say that right now, Paulson is absolutely awash with euphoria, revelling in his orgiastic triumph of crushing opposition.
 
Anyone in here read Orwell's 1984?
 
Covers Linesmen
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Joined: Oct, 2005
Posts: 66698
Posted: #9
havent read orwell in a long time ccl

rink - this is a bad day. i have a lot of friends who short and a lot of clients who are market neutral (long and short)

not a good day
 
Veteran
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Joined: Dec, 2006
Posts: 2910
Posted: #10

Orwell's dystopia is going to look benign in 25 years...

 I think selling into this fake manufactured rally is the ticket. I am using the bump to cut losses on some issues and am grateful to be able to do so.But I do not think this plan is the ultimate answer.

 Were we any other country, the currency would be worth 20% of its value and the IMF would be telling us what to do.



 

 

 
Rookie
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Joined: Sep, 2007
Posts: 742
Posted: #11
the whole purpose of free trade
 
All-Star
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Posted: #12
Right there with you, Vermeer.
 
I want so bad right now to load up on SKF and put about 40% of my cash to some gold futures, but I am too much of a chicken sheet after what I have seen the last 24 hours to take on Paulson in this type of thing.
 
I fear I could easily wake up Monday morning to another bailout package that "defends" the dollar, and see gold in the crapper and financials soaring.
 
Just can't win this type of war today.....not allowed, and Paulson will cheat his ass off and laugh in my face.
 
 
All-Star
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Posted: #13
Would guess that there will be frantic short covering the last hour today.
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