Financial Markets...I think this guy is one of the few honest guys left

[Steve Wood]

Trader on the BBC says Eurozone Market will crash

[SuperSix]

Refreshing. But he really didn't say a lot.

[Steve Wood]

He told the truth...He also said that he believed the markets were going to crash with the current bailout plans....

[SuperSix]

He told the truth...He also said that he believed the markets were going to crash with the current bailout plans....

I don't disagree with him - like you said, the only real great thing is that he told the truth.

[The Radius Kid]

Nice video,but what he's basically said is we're all going to get f*cked because the big boys are going to play it that way and make sure it happens so they can get richer off it.
Like $12 Trillion in off shore,tax free havens isn't enough.
That doesn't include the money they have in banks they have to pay taxes on.
Angela Merkel better stay out of this one or she'll have a revolt on her hands.
The solution to this one is dump the Euro and put the troubled countries back on their own currencies.

[Steve Wood]

Nice video,but what he's basically said is we're all going to get f*cked because the big boys are going to play it that way and make sure it happens so they can get richer off it.
Like $12 Trillion in off shore,tax free havens isn't enough.
That doesn't include the money they have in banks they have to pay taxes on.
Angela Merkel better stay out of this one or she'll have a revolt on her hands.
The solution to this one is dump the Euro and put the troubled countries back on their own currencies.

Yes,...Goldman Sachs has a contract out on him...I think Angela is finished...and Europe is finished and the U.S. is doing its best to get in the car with Europe.

You cannot continue to print money without paying the piper one day.

[The Radius Kid]

Nice video,but what he's basically said is we're all going to get f*cked because the big boys are going to play it that way and make sure it happens so they can get richer off it.
Like $12 Trillion in off shore,tax free havens isn't enough.
That doesn't include the money they have in banks they have to pay taxes on.
Angela Merkel better stay out of this one or she'll have a revolt on her hands.
The solution to this one is dump the Euro and put the troubled countries back on their own currencies.

Yes,...Goldman Sachs has a contract out on him...I think Angela is finished...and Europe is finished and the U.S. is doing its best to get in the car with Europe.

You cannot continue to print money without paying the piper one day.

True enough and the big boys ALWAYS make sure they get theirs.
I believe this is how the New World Order starts [if you want to call it that].
The only way to save these floundering countries is a cash infusion from the IMF [funded by these hedge fund guys].
The country's finances get "restructured" and new taxes are added.
The funny thing is they'll wind up saving you with the money they ripped off from you and I.

[Steve Wood]

Amen

[The Radius Kid]

What bothers me the most about this is that they're getting away with it.
Why are the scams they're running even legal?
I remember the oil price shocker a few summers ago.
The three month take on that was $300 Billion world wide.
The only reason that fiasco stopped was that the German gov't announced they were going to investigate.
Capitalism is great when it's fair for everyone.
When it's stacked against you,it becomes a magic act and the average guy with hopes for the future gets screwed.

[Steve Wood]

the oil pricing was being manipulated by traders, but, I am not sure it was illegal...just playing the system.

This situation is probably even more legal, but, not necessarily moral.

There needs to be some serious thought put into currency speculation... maybe whether it violates free enterprise, or not, speculation on currency, oil, precious metals should simply be made illegal.

It is bad enuf when you get a country like China that completely hides its finances and warps international trade, but, when you get private companies driving the markets, it can cause a worldwide disaster that ends in war.

Some how, the value of a currency should be tied to some commodity that can sustain it...then governments would be forced to play by common rules...or at least monitored so the world has an idea as to the solidity of its system.

[The Radius Kid]

the oil pricing was being manipulated by traders, but, I am not sure it was illegal...just playing the system.

This situation is probably even more legal, but, not necessarily moral.

There needs to be some serious thought put into currency speculation... maybe whether it violates free enterprise, or not, speculation on currency, oil, precious metals should simply be made illegal.

It is bad enuf when you get a country like China that completely hides its finances and warps international trade, but, when you get private companies driving the markets, it can cause a worldwide disaster that ends in war.

Some how, the value of a currency should be tied to some commodity that can sustain it...then governments would be forced to play by common rules...or at least monitored so the world has an idea as to the solidity of its system.

To be honest,although the oil price fiasco was not illegal,it sure was the wrong thing to do morally.
On that,I agree with you whole heartedly.
The credit default swap crap was planned well ahead.
The derivative crap is the next big scam waiting to happen.
Placing bets on a scam your buddies control...and getting paid for it......unbeli evable.
They should be in jail.
The funny thing is in the end it all comes down to some dirty European bankers using everyone's greed to their advantage.
They should not be in control of the Fed or the country's major banks.
I seem to remember Obama wanted to gain 20% control of the Fed.
I wonder how that will work out?
In the end it all comes down to:
 
The rich don't get rich with their money,they get rich by stealing and using yours and mine.

[Steve Wood]

I used to laugh at the new world order...but, in the past few years, I think it is a power that surpasses that of individual governments that is implementing a master plan to control a world economy.  The only question I have, today, is to wonder if a majority of government leaders support this agenda in return for a piece of the action, or if, it is only a few.    The term "Sheeple" is becoming increasing relevant.  Greed seems to trump commonsense when it comes to money.

Something is inherently wrong when a nation's financial system is largely influenced by international ownership.  Financial goals should reflect that of the nation involved.  Given the stupidity that we see in this country as well as Europe, I have to believe it has been carefully nourished to achieve certain enterprises.

[ttipe]

Just wait until the IMF decides that the US dollar is no longer the currency of world trade.Russia,China,France and Japan recently met (secretly-the US was not invited) about ousting the dollar.If you think gas (and everything else) is expensive just wait.When the dollar is deemed worthless gas will be about $8.00/gallon.Of course Geitner says the US will not default.Thats to keep you and I from withdrawing all our "hyperinflated" Washingtons out of our checking accounts.Oh John you and your pal (S.Harper) are in it along with us.Better finish project "Death Wheel" before we can't afford degreaser.

[Steve Wood]

Yep, any day, they will go for something favorable to them...they are itching to do away with the dollar and finish us off

[The Radius Kid]

Just wait until the IMF decides that the US dollar is no longer the currency of world trade.Russia,China,France and Japan recently met (secretly-the US was not invited) about ousting the dollar.If you think gas (and everything else) is expensive just wait.When the dollar is deemed worthless gas will be about $8.00/gallon.Of course Geitner says the US will not default.Thats to keep you and I from withdrawing all our "hyperinflated" Washingtons out of our checking accounts.Oh John you and your pal (S.Harper) are in it along with us.Better finish project "Death Wheel" before we can't afford degreaser.

 
Actually,our strong suit is resources,we've got lots of them....and the world needs them.
BTW,you may have noticed the world's monetary markets flocking to the US dollar due to the fear of a Euro collapse?
"Death Wheel" will get done come Hell or high water.
Tommy's in too.
He thinks it's all for free.
Guess I'll have to clue him in.
This whole financial crisis crap is very well calculated and impeccably timed.
They knew the numbers years ago and waited for the markets to get fat before they ran their scam.
That's why they've been bitching about legacy costs for the last decade or so.
It gave them a chance to restructure costs and ripoff the gravy.
Now they're flush with cash and have huge "immature markets" to invest in.
They've got China and India.
Back in the 70's an economic expert noted that the North American economy had grown far faster than anyone had predicted back in the 20's when North America was "infantile".
The crash of 29' was said to have been orchestrated by the Rothschild family.
I believe it,given some of their history I've been able to gather over the years.
Up until a few years ago,it was also said that after the crash their was more new millionaires created than at any other time in history.
I bet that number gets surpassed this time around given all the scams available to well heeled investors.
It's also been said that mankind is using up natural resources at an unsustainable rate.
So let's raise the prices and get rich while they're all figuring it out!!!
Now we head to the East and the Orient.
Apparently years ago,China issued over a Trillion in Gov't bonds that they won't pay interest on or pay out face value of because they were issued under an old regime.
Feel free to correct me if I'm wrong about that last one.
So here's the big money boys investing in China and India.
That should turn them into capitalists,help them forget about their religious/political views and hopefully forget about considering us in the West as enemies.
Great idea ... what a bunch of dummies.
They forget that if China doesn't like what they're doing,China will toss them out on their ears and they'll be leaving with the shirts on their backs,nothing more.....that's if they don't throw them in jail for being enemies of the state [for trying to disrupt Chinese "cultural stability"].
As for India,maybe a religious backlash against capitalism?
Back to fundamentalism .
It could happen,bringing conflict with it.
That'll make the big boys rich and put them back in firm control of the money.
IMO,if someone doesn't reign these clowns in,we're all in big trouble as Steve pointed out earlier.
There may be some very dark days ahead.