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Lee next week sets up a potential very bearish DOUBLE SET rising three candle pattern on the SPX weekly; this has not been seen since start of rally years back...
One pattern in and a red week sets up the second, I expect next week to see selling.
Do technicals matter in the face of Mugabe Bernanke crack? If not your stock portfolio will be worthless anyhow once we reach that top! Since dollar based anything will be worthless!
http://www.zerohedge.com/news/2013-10-25/guest-post-tale-two-charts-are-we-2007-america-or-2006-zimbabwe
...me thinks the global trading crowd...hfs, banks, soveriegns will out gun him and his printing press. Soon everyone flees dollar based including stocks, then the FED is really F...ED.
West
Always said 2016...do your homework on my posts. And I never said it will not be there it will be; just many places will be empty and remain so come 2025...
Next year I expect big shit to hit the fan!
Let me add; 2075 Communism rules the Planet...that is the elite live like KINGS and the rest as slaves!
I live in reality bro; look around; look at who is running the show...I see no out; the sheeple will allow it, idiots that they are!
West
Europe is in big trouble; Gulf Stream is dying; in France last week they had floods; hailstorms wiping out 500M in crops and extreme cold and wet along the Atlantic Front!!!
Matt Simmons was spot on about the big BP coverup...
And without the Gulf Stream Europe is up a creek!
West
http://www.ospo.noaa.gov/data/sst/contour/global_small.c.gif
-From 2013 on you only have the ‘choice’ between bad, ugly & preposterously ugly investments. Satisfying or even good investment choices will no longer exist, let alone a ‘safe haven’. That’s why from August 2013 on you should only trade the best financial instruments, especially futures & FOREX.
-August 2013 timeline. This starts the 40 quarters of testing & purification of mankind until the summer of 2023: end times in the narrow sense of the word
-“While my assessment for the precious metals sector has deteriorated a lot the past months, my outlook now suggests the ultimate nightmare. […] the 'trapdoor to hell' is open & $500-$1,000 is not just realistic but likely
-There is absolutely no doubt that in the next 20 years we will see a dramatic climate deterioration. By the 2030s global temperatures should drop at least drop to the lowest level in centuries (comparable to the Maunder minimum) & possibly to the lowest level in millennia.
http://www.amanita.at/Startseitewillkommen/detail.php?id=142
West...this is so well said; the best forecaster on the planet that works for the MET in England has said; new mini 150 years ice age to begin 2030. Still stick with my Europe almost empty call in 2016 and remains so in 2025, we are heading into a very rocky reef that ponzi is keeping afloat for now! Stay well all; the games have yet to begin and so many of the best pointing to after August 2013 it is going to turn downright UGLY!
-http://www.express.co.uk/news/science-technology/387971/Scientist-predicts-earth-is-heading-for-another-Ice-Age
And let us add; I hate to post this guy but perhaps he knows more than many will let on...this sends chills up ones mind; think when you see mainstream CNBC saying the ongoing FED game is a ponzi; which of course it is!
-It can now be reported that the NSA (National Security Agency) and its affiliate company, defense contractor Booz Allen, are now in possession of every American's personal financial records and bank account numbers as the corrupt Nazi Paperclip occupation U.S. government is now preparing for a declaration of "Martial Law" that will coincide with a financial emergency and a massive "bail in" aka Cypress-style by corrupt and insolvent U.S. banks that will lead to the direct looting of federally insured U.S. checking and savings accounts of every American.
http://www.tomheneghanbriefings.com/Financial_Treason_And_A_Lot_More.html
The money has to come from somewhere; they cannot ponzi print forever....it will be YOUR DUTY as an American to save the US Government and its cartel bankers! Getting scary to post this kind of stuff online!!!!!! Thus only 3 posts in 2013....
This is very well done and really makes you rethink how sad it is to be a white man...
How we screwed those that lived for thousands of years in harmony with nature...and look what we have done to this planet in just several generations and all in the name of GREED!!
That greed continues today; the few looking to control it all...
Did they teach us this in school, this great place they call America!
We have truly as humans taken the wrong road...
Get it, GM Foods are like giving blankets with virus to Indians!
West
End Game is Japan...
US Dollar Collapse and Japan’s Sham Currency War: The Hidden Agenda Behind Japan’s Kamikaze Quantitative Easing
http://www.globalresearch.ca/us-dollar-collapse-and-japans-sham-currency-war-the-hidden-agenda-behind-japans-kamikaze-quantitative-easing/5335129
West
Imagine when the truth gets out...tell you something is going to blow up the bond market and this bogus credit bubble and when it does......
Those in the know calling it the biggest crime ever on planet Earth!!!
And it leads to all out war as their are going to be more than a few pissed off nations that got ripped off by this cartel scam! Gotta love the Russia move in giving Syria missles...
W
Is Gold screaming deflation taking hold and QE a total failure?
Nobody can call when the final debt collapse comes; many of the best target August 2013 as the top out...
<I know we see manipulation all around, try not to call anything in 2013!
West
Anyone watch this video...Presidents first interview.
What is so interesting; note how not once did he discuss our need to cut spending...
Also note how he is hinting to eliminate the whole debt ceiling and just leave it open ended like in QE now...
Also is it just me but why does he look away so often; to me when someone does that to me it says they are lying through their teeth...would you think? Or is it his telepromter again he is reading from; since you know this interview was fully primed and approved before it even took place!
Gotta love his comment on saying how foreign leaders have told him they want the US to lead the world for the next 100 years!!! LOL
Also his comment on putting folks to work building roads and bridges...shades of FDR or what; is it not he that confiscated gold? Coming soon again me thinks...
When can we get a leader like Kennedy that can just speak the truth...
A must watch...
http://www.bloomberg.com/video/president-obama-s-first-post-election-interview-GOReskgnQLyc50peMDNLtQ.html
It is nice to be the king....
The report delivered to residents living along the ocean and canal that surrounds the multi-million dollar homes at Kailuana Place where the President stays, informed them of restrictions that will be implemented for 20 days beginning December 17 and running through January 6.
-With the staff, special forces, local police presence and equipment, the President's visit adds up annually to at least a $4 million vacation courtesy of the Hawaii and federal taxpayers.
http://www.hawaiireporter.com/residents-alerted-to-obamas-hawaiian-holiday-plans/123
Nice post comment to the article sums it up...
-Merry Christmas everybody! What's the big deal about a 4 MILLION dollar trip while we can barely afford Christmas presents, the government REFUSES to cut back on spending and they continue to cling to the delusional that "Raising Taxes" on
the rich is going to get us out of the hole.
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What can you afford for the holidays!!!!!!!!
W
Wave 3 down begins...
West
It is tearing down the fabric of America...
It will be big everthing, government, business, oligarchs, banks and the rest left with crumbs!
Few understand THIS IS THE PLAN! Plan to live small or die, cause unless you are really big or really rich; game over!
This Fiat Funny Inflation!
Tell you their last line of defense is military and takeover and reduction of competition...along with confiscation...remember L. Williams already said the FED plan is to OWN all the mortages in America...and you have to ask the global private banks will control much else Corporations; Gold; Resources, with these Trillions, they are buying it all up for FREE!
The FED Banks already are the major holders of equity in our biggest corporations...
You have to give it to this cartel, brilliant!!
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"There aren't that many people that can pay the rent and just wonder if they'll survive," said Pat Espe, owner of A Step Back in Time. "The stores' turnover is pretty regular."
He recalls a time when fellow shopkeepers would keep an eye out for each other and refer services. But now, competition has taken over, he said.
"I have seen the village change a lot in 40 years, unfortunately for the worse," he said. "It's not the warm, cozy Laguna it used to be."
It's no longer the sleepy surfer town it was 25 years ago, he said.
http://www.coastlinepilot.com/news/tn-cpt-1123-downtown-business-20121123,0,4179413.story
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I am a CPA and yesterday attended a webcast CPE course on implementing Obamacare for American business. The bill has mind numbing complexity and I do not pretend to understand it but I can say that in my opinion it will force most medium sized business (greater then 50 employees) to go out of business within a year.
The bill will make it impossible to continue whatever insurance the company has as it will not meet the horrible parameters set by Obamacare with incredible fines for non-compliance. So this throws the employees on the exchanges (not yet set up) to get their own insurance. This results in an annual $2000 fine per employee for the company which is non-deductible. Therefore a company with 150 employees faces a government extortion of $300,000 per year before taxes. I believe most will choose to close up or downsize to less than 50 employees all working less than 28 hours per week. Next year most employees will become part time, with no other jobs available, they are facing a catastrophic decline in income, with more foreclosures, more food stamps and I think people literally starving in the streets.
For small business, the additional cost of record keeping to show compliance with the Byzantine regulations will put most of them out of business. It requires a computer, constant record keeping and totally opaque rules with massive fines for non-compliance. I can’t begin to get my mind around it.
I am a one person business and I am not sure what record keeping applies to me. Just not posting a stupid required notice on March 1, 2013 results in fines of $100 per day per employee.
I cannot begin to explain what a catastrophe this is. I have gone on the internet to see if any published explanations understand this but until I took this course presented by employee benefit experts, I had no idea and neither does almost anyone else. Their opinion was unspoken, but looking at cost increases for a medium sized business of $600,000 plus, especially one like fast food with many low paid employees, and you are looking at the mass closing of franchises that allow the poor and uneducated to get a start in life. Can you imagine paying a $2000 non deductible fine to hire someone at $8 per hour. The massive wealth destruction this one bill will cause is mind blowing.
Thank you for all you do. I have done all you suggested to the limits of my financial ability so I am prepared. But I have to say that all my preparations may be inadequate to insure my survival and that of my family and parents that are now living with me. Thank goodness I no longer have to face the prospect of loading up my Ford F-250 truck with guns and ammo and diesel and driving more than a thousand miles to Fl to try to rescue them. My Dad who is 96 reads your comments daily but being an optimist, he believes we will muddle through. I don’t.
http://www.jsmineset.com/
Here is the Kaboom Chart, markets could blow up when least expected!!!!
Risky times to be in a buy and hold mode; sit and wait...hedged short.
http://www.ttheory.com/charts/Simplified%20Value%20Line%20vs%20S&P%20Diverg%20.pdf
Two things interesting, everyone talks 2013 as the blow up year, many target August 2013 as ... The End Date
We have the prophet saying Europe almost empty 2016, created via a 3rd grand war...
Note the idea of the evil or good winning in this coming final battle and imagine if the evil do win, life is over for us all as we now know it and even more so for our kids - it will be a new Dark Age full of control and suffering at the hands of a ruling elite...forget elections in this era!
We have the Maya and I found this from a ZH poster...
If you go to eastern/southern Mexico or Belize, you will find plenty of Mayans. They speak Nhuatl. I heard one their priests say the Western world has completely misunderstood the Mayan calender. Dec 21 does not mark the end of the world (he said), it marks the end of an age. It is not a day of disasters and nothing particularly unusual is expected to happen. However, it is a demarcation between a corrupt age that is dying and a new age that is coming to birth. He said the current powers that be will mightily resist the dying of the old age, and kill many people in an attempt to stave off the inevitable. They resist the necessary birth of the new era because it will mean the end of their power and wealth. When asked who these people are, he said "They are those who stand behind the great financials and corporations that wish to twist humanity to their own ends. The transition will be full of turbulence and peril. There is no guarantee that the forces for good will succeed in birthing the new era. If they fail, the world will enter a darker age."
http://www.zerohedge.com/news/2012-11-30/one-time-when-more-certainly-not-better
This also of interest on ZH along the same lines...
Gundlach: "I'm Waiting For Something To Go Kaboom"
http://www.zerohedge.com/news/2012-11-30/gundlach-im-waiting-something-go-kaboom
Everyone talks the death of the PetroDollar, how wrong they are...
Global war long before that happens!!! Should commence 2013.
West
http://www.financialsense.com/contributors/jim-willie/immutable-golden-laws
Wave 2 in the making....1425 potential at best.......
Or do we see this upward count, many of the best think we do not top out till August 2013 leading to an outright collapse like never seen!
A new 1 to 5 count topout into that time frame; the banks are printing and printing and printing...
That 3 wave projecting into March; then a 4 down into May and final top out into August. This count projecting all time highs on the SPX...ahead of the collapse taking us below 666!
The MACD favors the August top out!
Truly a fu c ed up market; manipulated and really it all does not matter as we shall see global communism by the 2060s.
Late 2013 will see the world in shambles leading into global conflicts and total hell...
Capital controls; gold confiscation; bank closings; shut down of internet...outright global wars.
Radical stuff going down in Egypt today...the President has assumed all powers.
West
LOL APPL...just another gadget maker. Today everything is just a friggin algo computer trade, it has nothing to do with fundies or value!
The Island Top will hold; the other gaps below should fill...
The problem with this casino is that the moment the wrong news hit its all over...
Still think SPX sees 1320 ahead of a year end rally...
BP 4.5B for destroying the Gulf and Gulf Stream...
Simmons said this sucker will keep leaking for decades!
RIP Matt Simmons who was taken out for speaking the truth.
BP being a big part of the cartel out of City of London; no wonder!
West
OT Israel calling up reserves, in Gaza they are now calling this a war!!!
2013 marks the onset of outright chemical attacks on NATO...
I stand by my claim, Europe almost empty 2016. The powers to be will resolve this mess you bet; via population reduction!
And Lee this is very market related as equities are going into the toilet.
West
This is why...China will leave the US in the dust soon and the only way the US can win is to stay in the lead with its military.
China submarines to soon carry nukes, draft U.S. report says
By Jim Wolf
WASHINGTON | Thu Nov 8, 2012 2:01am EST
(Reuters) – China appears to be within two years of deploying submarine-launched nuclear weapons, adding a new leg to its nuclear arsenal that should lead to arms-reduction talks, a draft report by a congressionally mandated U.S. commission says.
China in the meantime remains "the most threatening" power in cyberspace and presents the largest challenge to U.S. supply chain integrity, the U.S.-China Economic and Security Review Commission said in a draft of its 2012 report to the U.S. Congress.
China is alone among the original nuclear weapons states to be expanding its nuclear forces, the report said. The others are the United States, Russia, Britain and France.
Beijing is "on the cusp of attaining a credible nuclear triad of land-based intercontinental ballistic missiles, submarine-launched ballistic missiles, and air-dropped nuclear bombs," the report says.
China has had a largely symbolic ballistic missile submarine capability for decades but is only now set to establish a "near-continuous at-sea strategic deterrent," the draft said.
Chinese President Hu Jintao has made it a priority to modernize the country’s navy. China launched its first aircraft carrier,
purchased from Ukraine and then refurbished, in September.
----
And this truly speaks to the insanity we have for those living on fixed income...they are toast!
I must say ole Jim is so spot on...
http://www.jsmineset.com/
2013 expect a chemical war attack against Europe/NATO...
Israels move into Syria marks the start of a very nasty trend.
The next three and one half years life is going to get very ugly!!!
And I am not just talking money!
Me and all my friends; we just cannot see any out for the global elite; their only out is a global war....
West
China is moving in all over the world; catch this out of France!!!
They will create jobs and along with it all the money will flow to the East.
I expect this all over the West; including America. Every town is desperate for taxes and jobs...will do what ever it takes no matter the outcome to the nation!
http://gestion-des-risques-interculturels.com/risques/implantation-de-2000-entreprises-chinoises-en-moselle-%E2%80%93-questions-et-zones-d%E2%80%99ombre/
Raise taxes but do crap to cut spending...
Sorry your crap does not cut it...
Truly all would be willing to contribute if they saw true change in those that lead...
How many staffers in the White House; shitloads.
And another socialist Holland; he has 1000 staff at his palace, the kings of socialism make one puke!
A true leader leads by example!!!!!!
West
Double the debt in four years; sure easy!
It can only end in tears and death.
West
Lee final note; you see France or should I say idiot Communist Holland has figured out how to fix things, MORE TAXES.
Raising taxes across the board including the TVA to 20 percent...
More taxes if you want to eat out of fix your old home those will double....
In other words; those that have a little capital and can afford a home or to eat out, will pay for the poor that cannot!!!!
Why work; in our system today it is easier to have nothing and be poor; if your middle class and fighting to survive!
West
Lee the crimes are beyond insane...
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Federal Reserve’s crimes are so big, so huge in scale, it is very hard for people to even wrap their head around it and comprehend what has happened here.
Think about it. In just this one peek we got at its operations, we learned that the Fed doled out $12.3 trillion in near-zero interest loans, without Congressional input.
That’s not what happened here. The Fed doled out $12.3 trillion in near-zero interest loans, using the American people as collateral, demanding nothing in return, other than a bunch of toxic assets in some cases. They only gave this money to a select group of insiders, at a time when very few had any money because all these same insiders and speculators crashed the system.
Do you get that? The very people most responsible for crashing the system, were then rewarded with trillions of our dollars. This gave that select group of insiders unlimited power to seize control of assets and have unprecedented leverage over almost everything within their economies – crony capitalism on steroids.
-The Fed Operates as a “global pawnshop:” $9 trillion to 18 financial institutions
http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/news.php?q=1322928892
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The Cartel based in New York; Basel; London...truly insane and getting away with the biggest scam ever put on us.
Few understand that with this insane level of capital that a few are now buying up everything; the FED will soon control all real estate in America; the select few banks all gold; oil; resources and then this truly is game over; they pulled it off...few understand that this insane level of capital is too buy up and control it all and it is ongoing...
Free markets are DEAD! Forever...
It truly is game over for us idiots to become total slaves!!!
And yes; it is a scam and those in the cartel are going to be so rich that I see a Communist System with these clowns living like kings and all the others living in poverty, this is a given now!!!
-the only hope is they are hunted down and taken out; when the truth comes out!
The West will live under a Communist System with the Cartel living like kings and controlling it all with their puppet Presidents...
This election marks the start of such; folks life as we know it has ended!
West
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Lee; Jim Sinclair said a few weeks ago...
Romney win collapse in nine months...
Obama long dragged out decline into collapse around 2016/2017...
They will print and print and print till the bond market calls the spade or the world bails on the dollar; which is very ongoing and even more assured now! And truly not sure even Sinclair can peg a date nor anyone when that is to occur!!!
Uncharted waters do we head!
West
Need to see into close; but a massive key technical flagged today.
Will post chart if it holds over weekend.
West
The Bearded One has lost control...
Game is heading into the final innings in the coming year!
West
http://www.safehaven.com/article/27377/is-bernanke-losing-control
The SCO shall control this world as the West crumbles!
What is interesting to note; not just gold production but energy assets as well; not to mention markets to sell products into of 3 billion. If your kids are to have any future; this is where they must end up to live and prosper!
Asia soon will not give a rats ass for the West!
West
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The SCO is an economic bloc consisting of China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan. Between them they produce about 26% of the world's gold, none of which leaves the SCO. Other nations accepted as future members are India, Iran, Pakistan, Mongolia and as soon as NATO leaves, Afghanistan. Belarus and Sri Lanka are on the waiting list. It is no less than the economic unification of most of Asia, with a combined population of three billion.
http://www.safehaven.com/article/27228/the-sco-china-iran-and-gold
Want to see power just view these photos!
https://www.google.fr/search?q=Shanghai+Cooperation+Organisation&hl=fr&client=firefox-a&hs=eXa&rls=org.mozilla:fr:official&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=dh10UKu6DIWYhQeQl4Fg&ved=0CEQQsAQ&biw=1497&bih=968
And why is an Iran war so incredible insane; because it is part of this group and thus a war against Iran is a war against 3 Billion!!!
http://www.infiniteunknown.net/tag/shanghai-cooperation-organization/
WW3 NATO vs SCO! Almost a given!
No link; just google this idea and read how many believe this will be so, and why I have long stated; Europe almost empty 2016. Should a war begin in Iran; shake in your boots and understand the SCO is backing them up in any fight! It is a war against this economic block that is sick and tired of the abuse of the dollar regime!
Interesting in that Dow Theory is saying we have been in a bear market since 2011...
Meaning when this sucker turns watch out! Should turn ugly fast...
Timing; forget that anymore in this printing era.
West
You mean like in Iran? A country with perhaps the largest oil reserves as we watch their currency reset against the clown buck!!!
The only out for America is to keep creating wars and taking down those that resist its clown buck...
China perhaps soon; me thinks? They will at least try and fail...and in 2018 China is head of the world with a gold backed currency!
Something has to give; the inflation they are exporting via clown buck printing has got to have many nations pissed off big!
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In response to...
who needs a bailout when they can simply reset currency values...??
W
Rogue...this statement is profound and truly scary! Doug Noland calls this Government Bubble the biggest in history and when it goes pop!!! Who is going to bail out the FED Banks and our Government?
The premise that Bernanke, Bush and Obama all operated on is that by spending in deficit they could con you into restarting the exponential borrowing charade. Four years on we now know this strategy has failed; there are simply not enough qualified and willing borrowers in the economy to take on yet another exponential load of debt ($54 trillion, approximately, this time around) to run another "cycle" of this Ponzi scheme.
But if we keep this charade up for too long, since we have now centered the gross increase in borrowings in the Federal Government, and hit that wall, the government collapses.
That is what we now face, and the only question is how far we are away from disintegration of our society, government, economy and mass unemployment.
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Been saying it for years now; get out of the big city and get prepared for survival...cause collapse is a given!!
West