WTF? The USA BANNING short selling like some 3rd world country??

[LargoWinch]

Re: WTF? The USA BANNING short selling like some 3rd world country??

http://online.wsj.com/article/SB1221...cle-outset-box

The whole thing makes me sick.

I think people should stop paying taxes. Really.

[Supercilious]

Re: WTF? The USA BANNING short selling like some 3rd world country??

The whole thing make me sick.

I think people should stop paying taxes. Really.

You forgot to add something. They should all max their credit cards and credit lines and any form of loan they can get... and all should stop making payments. Now that would be fun to watch.

Look what happens at the present with those conned into signing obscene suprime mortgages, for hyperpriced homes.

The moment when there is a threat of people stop paying en masse their house loans ... surprise !!!!

http://www.bloomberg.com/apps/news?p...ZDg&refer=home

Reserve Chairman Ben S. Bernanke, battling the worst housing recession in a quarter century, urged lenders to forgive portions of mortgages held by homeowners at risk of defaulting.

And it gets even better :

``It is not a casual thing to disrupt an existing legal contract, as those contracts are the basis on which our market system is based,'' the group's president, Jonathan Kempner, said in a statement. ``That said, there is an incentive for lenders, borrowers and investors to work together to maximize the value of the relationship.''

Translation: in modern bankonian "relationship" means "debt bondage" ;)

[phirang]

Re: WTF? The USA BANNING short selling like some 3rd world country??

You forgot to add something. They should all max their credit cards and credit lines and any form of loan they can get... and all should stop making payments. Now that would be fun to watch.

Look what happens at the present with those conned into signing obscene suprime mortgages, for hyperpriced homes.

The moment when there is a threat of people stop paying en masse their house loans ... surprise !!!!

http://www.bloomberg.com/apps/news?p...ZDg&refer=home

And it gets even better :

Translation: in modern bankonian "relationship" means "debt bondage" ;)

Haha, the SWF's will gladly give us as much rope to hang ourselves with as we need!

[Jay]

Re: WTF? The USA BANNING short selling like some 3rd world country??

Everybody mises the point here???

Try a test drive of this hypothesis. The real goal of the Fed is to eliminate completely gold as a class of power money (It would take a long message to explain why the fed needs to get rid of gold as a class of money altogether).

In order to do this they've chosen the path of flooding the international financial system with treasuries.

In order to flood the market with treasuries they need to create a succession of controlled shocks which create a huge demand for treasuries + allows for for an unprecedented process of wealth transfer at a global scale for those let's say "astute and nimble investors"

Everything is done through an uninterrupted chain of problem-reaction-solution operations.

Please watch the clip explaining the problem-reaction-solution concept again and let's see how it applies to the current "crisis"




Now let's try to warm our neurons with a bit of Q&A:

Logic Set 1:
Q: Who is responsible for creating the current mess (housing/subprime/commodities/derivative bubbles) by keeping the rate at insanely low levels for a very long time?
A: The Federal Reserve System

Q: Who was responsible with maintaining the stability of our financial system and protecting as from an economic crisis?
A: The Federal Reserve System

Q: Who is supposed to save us now from total economic collapse?
A: The Federal Reserve System



Logic Set 2:
Q: What exactly created all the bubbles that brought us into this mess?
A: A flooding of global financial system with treasuries.

Q: In order to protect us form a major crisis, what was the Federal Reserve System supposed to prevent/avoid ?
A: A flooding of global financial system with treasuries.

Q: What is the solution offered by the Fed to save us from imminent economic collapse?
A: A flooding of global financial system with treasuries.

Problem-Reaction-Solution

Now going back to the subject of this thread.... This is outright funny!!!

OK, IMHO naked short selling should be illegal and people doing that should go to jail, but let's see what happens next after this new measure "intended" to "provide market stability":

1) Stocks raise and all oblivious people believe we are out of the woods. The longs begin to trickle in.

2) We had a market depressed by fear and by thuggish naked short selling. Suddenly the cascade of sales of non existing shares dries up. Some naked shorters are forced to cover at a loss.

3) Market sentiment improves.

4) There is a springboard effect and stocks raise faster.

5) Suddenly some "gifted" and "nimble" investors sell all their shares when the upward trend is just about to loose steam (making a fortune in the process)

6) In a low liquidity market with jittery investors just tasting optimism, when you take out the "virtual scam liquidity" of naked short selling, an avalanche of selling (no shorting no naked shorting needed, just selling shares inconspicuously bought at the low before the "announcement") results in a market crash panic mass hysteria.

7) Shares plummet in a 1929 style precipice.

8) Everybody wets and browns his or hers pants ( "Oh God ... it's the Great Depression to the power of 10!!!!")! Everybody freaks out completely crying : "Ben please heelp us !!!! You are our only hope, pleeeeaaase saaaave uuuusss! Do something !!!!"

(Please prepare yourselves to see people going nuts and loosing it completely while talking/creaming/gasping for air live on Bloomberg, CNBC and CNN )

9) With a heavy heart Ben realizes he has to sacrifice his own principles in order to save us from an unthinkable disaster. Against his deepest beliefs decides to do something he has never been done before : ... he .....FLOODS THE MARKET WITH TREASURIES !!!!

Problem-Reaction-Solution

Now please take your seat, grab a soda and a bag of popcorn and wait to have a good laugh watching everybody freaking out completely for a "crisis" that doesn't exists!

So, what you are saying is that he does know the secret handshake of the Illuminati?

[Supercilious]

Re: WTF? The USA BANNING short selling like some 3rd world country??

So, what you are saying is that he does know the secret handshake of the Illuminati?

Nah, I don't think so. I think he has only figured out the usual pattern of public policy following a secret handshake. In my views the so called Iluminati or New World Order masters are indeed a very ancient group with a lot of terrible secrets, whose actions can be traced since the begging of time. I prefer to cal them TSGITR.

Where I disagree with all conspiracy theorists is that the TSGIR group is not made of one single organization although at certain times a unified structure cannot be excluded. There are no aliens, there no secret religion no secret bloodline of any kind and definitely there is no magic, but there is one Great Secret.

I will tell you the Great Secret that has been always protected at any cost:... there is no secret. It's a simple matter of understanding the true human nature and the meaning of the enigmatic TSGITR acronym.

Since the begging of time and, probably, till the end of human race in every civilization and every society (communism, capitalism, feudalism, early tribes etc) there was always a TSGITR group of people (TSGITR=The Smartest Guys In The Room ) that are convinced by their ego, cynicism and greed that they can screw, as they wish, everyone else and get away with it.

If those guys are not really smart they can't get away with it, ending up like Ken Lay and Jeffrey Skilling.

The sad part is that if the so called Illuminati are indeed The Smartest Guys In The Room they always do get away with it (regardless if it's about stealing a bunch of tasty bananas, hairy Homo Erectus women, land, gold coins, oil or ... ETF investments and 401k's ).

They would never be able get away with it, if the majority of us were not so gullible, superficial, dumb and unable to pay attention and to understand what is really happening around us. But if we were all smart, alert and skeptical (remember "Ask why?" ) we would be all Illuminati .... and that Room ....full with people with identical IQ.

That can never happen .... it would be extremely boring....

[phirang]

Re: WTF? The USA BANNING short selling like some 3rd world country??

Everybody mises the point here???

Try a test drive of this hypothesis. The real goal of the Fed is to eliminate completely gold as a class of power money (It would take a long message to explain why the fed needs to get rid of gold as a class of money altogether).

In order to do this they've chosen the path of flooding the international financial system with treasuries.

In order to flood the market with treasuries they need to create a succession of controlled shocks which create a huge demand for treasuries + allows for for an unprecedented process of wealth transfer at a global scale for those let's say "astute and nimble investors"

Everything is done through an uninterrupted chain of problem-reaction-solution operations.

Please watch the clip explaining the problem-reaction-solution concept again and let's see how it applies to the current "crisis"




Now let's try to warm our neurons with a bit of Q&A:

Logic Set 1:
Q: Who is responsible for creating the current mess (housing/subprime/commodities/derivative bubbles) by keeping the rate at insanely low levels for a very long time?
A: The Federal Reserve System

Q: Who was responsible with maintaining the stability of our financial system and protecting as from an economic crisis?
A: The Federal Reserve System

Q: Who is supposed to save us now from total economic collapse?
A: The Federal Reserve System



Logic Set 2:
Q: What exactly created all the bubbles that brought us into this mess?
A: A flooding of global financial system with treasuries.

Q: In order to protect us form a major crisis, what was the Federal Reserve System supposed to prevent/avoid ?
A: A flooding of global financial system with treasuries.

Q: What is the solution offered by the Fed to save us from imminent economic collapse?
A: A flooding of global financial system with treasuries.

Problem-Reaction-Solution

Now going back to the subject of this thread.... This is outright funny!!!

OK, IMHO naked short selling should be illegal and people doing that should go to jail, but let's see what happens next after this new measure "intended" to "provide market stability":

1) Stocks raise and all oblivious people believe we are out of the woods. The longs begin to trickle in.

2) We had a market depressed by fear and by thuggish naked short selling. Suddenly the cascade of sales of non existing shares dries up. Some naked shorters are forced to cover at a loss.

3) Market sentiment improves.

4) There is a springboard effect and stocks raise faster.

5) Suddenly some "gifted" and "nimble" investors sell all their shares when the upward trend is just about to loose steam (making a fortune in the process)

6) In a low liquidity market with jittery investors just tasting optimism, when you take out the "virtual scam liquidity" of naked short selling, an avalanche of selling (no shorting no naked shorting needed, just selling shares inconspicuously bought at the low before the "announcement") results in a market crash panic mass hysteria.

7) Shares plummet in a 1929 style precipice.

8) Everybody wets and browns his or hers pants ( "Oh God ... it's the Great Depression to the power of 10!!!!")! Everybody freaks out completely crying : "Ben please heelp us !!!! You are our only hope, pleeeeaaase saaaave uuuusss! Do something !!!!"

(Please prepare yourselves to see people going nuts and loosing it completely while talking/creaming/gasping for air live on Bloomberg, CNBC and CNN )

9) With a heavy heart Ben realizes he has to sacrifice his own principles in order to save us from an unthinkable disaster. Against his deepest beliefs decides to do something he has never been done before : ... he .....FLOODS THE MARKET WITH TREASURIES !!!!

Problem-Reaction-Solution

Now please take your seat, grab a soda and a bag of popcorn and wait to have a good laugh watching everybody freaking out completely for a "crisis" that doesn't exists!

Ok, so VIX it is!

[Supercilious]

Re: WTF? The USA BANNING short selling like some 3rd world country??

Ok, so VIX it is!

VIX and his evil ("dark") twin too

By the way they've just announced that the fed is going to extend guarantees to money market accounts. I'm watching now on PBS The economic gurus on the screen are scared they say that the fed has to do something to save the economy from collapse.

My guess that after so much pressure a reluctant Ben will have to save us by saving the money markets account. He will have to ... FLOOD THE MARKET WITH TREASURIES !!!!

Problem-Reaction-Solution

[LargoWinch]

Re: WTF? The USA BANNING short selling like some 3rd world country??

The moment when there is a threat of people stop paying en masse their house loans ... surprise !!!!

I played at the Casino recently and lost a few hundreds. Can I call Paul and Ben to get my money back?

[phirang]

Re: WTF? The USA BANNING short selling like some 3rd world country??

I played at the Casino recently and lost a few hundreds. Can I call Paul and Ben to get my money back?

Just call Dubai directly.

[GRG55]

Re: WTF? The USA BANNING short selling like some 3rd world country??

Just call Dubai directly.

Looks like the UAE's following the NWO script precisely. Evidently their ESL lessons for high officials have worked well...;)

UAE takes preventive measures to face global financial crisisfficeffice" />

WAM UAE takes preventive measures to face global financial crisis

Abu Dhabi, Oct. 12th, 2008 (WAM) -- President H.H. Sheikh Khalifa bin Zayed Al Nahyan confirmed that the UAE economy is strong and sound and that its banking system is solid and efficient following a briefing on the latest developments on the global financial crisis by Vice President and Prime Minister of UAE and Ruler of Dubai H.H.

Sheikh Mohammed bin Rashid Al Maktoum.

The UAE Cabinet, headed by Sheikh Mohammed bin Rashid AI Maktoum, approved today a series of internal preventive steps and measures out of keenness to serve national interest, ensure continuity of economic growth and protect national economy.

Among these measures, the Federal Government will ensure that no UAE national bank will be exposed to credit risks, guarantee deposits and savings in all national banks, guarantee all inter-bank lending operations between banks operating in the UAE and inject sufficient liquidity in the financial system if and when necessary.

''We are determined to protect our financial and banking system out of keenness to preserve the interests of our country and people,''Sheikh Mohammed affirmed at the end of the Cabinet session.

[Supercilious]

Re: WTF? The USA BANNING short selling like some 3rd world country??

Yeah. The banksters are now in a global "rescue" mode. We need to be "rescued" from this crisis, and if we are scared enough maybe we will forget who exactly started all this mess.

Problem-Reaction-Solution

It's nice Bernanke is taking now the back seat, while Hank Paulson is at the forefront of the "rescue" campaign.

Hank is extremely vigorous in his charge to reduce insane the leverage across the banking system, to make sure banks have enough reserves to keep them afloat in turbulent times .... but let's wind back the clock a little bit. Let's see who exactly started this mess ...

http://www.nytimes.com/2008/10/03/business/03sec.html

Many events in Washington, on Wall Street and elsewhere around the country have led to what has been called the most serious financial crisis since the 1930s. But decisions made at a brief meeting on April 28, 2004, explain why the problems could spin out of control. The agency’s failure to follow through on those decisions also explains why Washington regulators did not see what was coming.


On that bright spring afternoon, the five members of the Securities and Exchange Commission met in a basement hearing room to consider an urgent plea by the big investment banks.


They wanted an exemption for their brokerage units from an old regulation that limited the amount of debt they could take on. The exemption would unshackle billions of dollars held in reserve as a cushion against losses on their investments. Those funds could then flow up to the parent company, enabling it to invest in the fast-growing but opaque world of mortgage-backed securities; credit derivatives, a form of insurance for bond holders; and other exotic instruments.


The five investment banks led the charge, including Goldman Sachs, which was headed by Henry M. Paulson Jr. Two years later, he left to become Treasury secretary.


A lone dissenter — a software consultant and expert on risk management — weighed in from Indiana with a two-page letter to warn the commission that the move was a grave mistake. He never heard back from Washington.
[...]
The proceeding was sparsely attended. None of the major media outlets, including The New York Times, covered it.
After 55 minutes of discussion, which can now be heard on the Web sites of the agency and The Times, the chairman, William H. Donaldson, a veteran Wall Street executive, called for a vote. It was unanimous. The decision, changing what was known as the net capital rule, was completed and published in The Federal Register a few months later.
[...]

With that, the five big independent investment firms were unleashed.
In loosening the capital rules, which are supposed to provide a buffer in turbulent times, the agency also decided to rely on the firms’ own computer models for determining the riskiness of investments, essentially outsourcing the job of monitoring risk to the banks themselves.

So let me get that straight... In 2004 Hank thought that big IB's don't need a safety cushion (made of their own private) capital to secure them against collapse in turbulent times, while in 2008 he firmly believes such a safety cushion is needed, although it has to be donated (paid) by the taxpayer?:eek:


Why doesn't he sticks the his beloved "sophisticated mathematical risk models" where the sun don't shine ...

And this clown is supposed to "save" us now???? What a pathetic joke!...