Trading for a Living: Present & Future
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Canadaâs front-row seat for the American disaster.
AKA: the ultimate Ponzi scheme.
And now, in an astounding demonstration of national fecklessness, a failed president is running slightly ahead in the polls of a challenger who has a real CV, unlike recent presidents, but who is so politically oafish and plastic, he makes Elmer Fudd seem charismatic.
The incumbent has raised the national debt by 50% on what had accumulated in the 220 years of American independence prior to four years ago â that is $17,000 for every man, woman and child in the United States, in just four years. And Mr. Obamaâs tocsin is the comprehensive assertion that: âExperts agree that my plan will reduce the deficit by $4-trillion.â These magic 13 words confirm the reduction of the deficit from $1.5-trillion annually to $1.1-trillion annually in the next ten years, in a country that four years ago had a money supply of only $900-billion.
About 70% of the American deficit is âboughtâ directly or through the banking system by the Treasuryâs 100% subsidiary, the Federal Reserve, and the minimal interest paid on it is recycled back through the Federal Reserve to the Treasury, so the cost of borrowing is zero.
It is the ultimate Ponzi scheme, the fiscal nirvana of endless, mountainous debt, rendered easily bearable because it doesnât cost anything.
It is a fraud, a mirage........
It all possesses the hypnotic allure of the Gotterdammerung â as the Gods ascend to a burning Valhalla. If this administration is re-elected, Canada, as it has for the entire mighty spectacle of the inexorable rise of the United States, will have the ring-side seat for a disaster. Prudent, hesitant Canada, ran 14 federal government surpluses in a row. We are the pigs in the brick house â it isnât a heroic position, neither daring nor stylish, but Canadians are peering through the portals of their stout solid home, transfixed and astonished.
The fact that Willard M. Romney is still running almost even in the polls despite his demiurgic implausibility as a candidate, afflicted by a one-person pandemic of foot-in-mouth disease, illustrates the concern of the American voters. Either Romney lucks through and numerate sanity starts to return to American public life, or the most self-destructively incompetent regime since James Buchanan brought on the Civil War, will come back and stoke up a truly spectacular inferno that will purify America in a mighty economic Jonestown.
There will be no more tugging at a trouser leg from Canada â either a comradely pat on the back, or a neighbourly blast with a fire extinguisher, but this operatic crescendo canât continue for one more full act.
Sep 22, 2012 National Post
http://fullcomment.nationalpost.com...das-front-row-seat-for-the-american-disaster/
http://clickmitt.com/
" Illegal immigration should be outlawed..........."
- Mitt Romney
so we have o'dumbo and dumber.
AKA: the ultimate Ponzi scheme.
And now, in an astounding demonstration of national fecklessness, a failed president is running slightly ahead in the polls of a challenger who has a real CV, unlike recent presidents, but who is so politically oafish and plastic, he makes Elmer Fudd seem charismatic.
The incumbent has raised the national debt by 50% on what had accumulated in the 220 years of American independence prior to four years ago â that is $17,000 for every man, woman and child in the United States, in just four years. And Mr. Obamaâs tocsin is the comprehensive assertion that: âExperts agree that my plan will reduce the deficit by $4-trillion.â These magic 13 words confirm the reduction of the deficit from $1.5-trillion annually to $1.1-trillion annually in the next ten years, in a country that four years ago had a money supply of only $900-billion.
About 70% of the American deficit is âboughtâ directly or through the banking system by the Treasuryâs 100% subsidiary, the Federal Reserve, and the minimal interest paid on it is recycled back through the Federal Reserve to the Treasury, so the cost of borrowing is zero.
It is the ultimate Ponzi scheme, the fiscal nirvana of endless, mountainous debt, rendered easily bearable because it doesnât cost anything.
It is a fraud, a mirage........
It all possesses the hypnotic allure of the Gotterdammerung â as the Gods ascend to a burning Valhalla. If this administration is re-elected, Canada, as it has for the entire mighty spectacle of the inexorable rise of the United States, will have the ring-side seat for a disaster. Prudent, hesitant Canada, ran 14 federal government surpluses in a row. We are the pigs in the brick house â it isnât a heroic position, neither daring nor stylish, but Canadians are peering through the portals of their stout solid home, transfixed and astonished.
The fact that Willard M. Romney is still running almost even in the polls despite his demiurgic implausibility as a candidate, afflicted by a one-person pandemic of foot-in-mouth disease, illustrates the concern of the American voters. Either Romney lucks through and numerate sanity starts to return to American public life, or the most self-destructively incompetent regime since James Buchanan brought on the Civil War, will come back and stoke up a truly spectacular inferno that will purify America in a mighty economic Jonestown.
There will be no more tugging at a trouser leg from Canada â either a comradely pat on the back, or a neighbourly blast with a fire extinguisher, but this operatic crescendo canât continue for one more full act.
Sep 22, 2012 National Post
http://fullcomment.nationalpost.com...das-front-row-seat-for-the-american-disaster/
http://clickmitt.com/
" Illegal immigration should be outlawed..........."
- Mitt Romney
so we have o'dumbo and dumber.
lol religion
I probably wasn't too clear.
The cliff happened.
Now, a great deal of artificial things are happening to prolong the status quo.
In a short sentiment market people make money by having the margin to do short trading. The short opportunity may go away first by regulation.
I trade 94% in all the time of RTH's. I use the daily carryover to go in on the first bar. I do this as a consequence of MADA and precision logging after annotating every bar of the 5 min ES chart.
As the last leg of the depression began, I am looking for the volatility expansion of the channel of this leg (I expect four VE's in this leg.) The retrace leg exhibited "fanning" during this 2nd leg. The 2nd leg exhibited declining volume worldwide as expected.
As you see, clearly, my critics regard me a a dipshit.
A beginner needs to acquire experience by doing drill repetitions in order that he gains facility. Daily logging of the pattern is the best drill if you have a good log and if you are able to "SEE" the markets.
I spent three days (Saturday, Sunday, and Monday) sitting at a table listening to the staff and speakers as they related how to best use the tools of the platform I observe and annotate. They also granted my requests to improve their bar to bar display performance.
Now I have a plan of action to work off hours to optimize what I SEE on a display.
They had live trading on Monday. Now, know how I perform relative to the best they could put at the front of the room and in the seats. And I also know much more of what to expect by frontrunning the herd.
I have always said that it is not necessary to trade full time to make a buck. BUT NOW I am trading full time so I can sink capital into our family plan. I will have a situation where I am a grower of the required food even though fuel will not be available. I trained medically. Yesterday the urgent care physician said I didn't need him but I had the experience to be sure I was on the ball.
I have weened all my illustrations down to 55 essential "process" illustrations. They are numbered so I can communicate with others. I have weened my data and logic intellectual resources down to 22 3-ring binders. Seven of them bound and scope my personally fully differentiated mind. They are my "second opinion" and their pages are referred to in my log.
Repeatability, with facility, has always been my goal.
Now that the financial industry has demonstrated its lack of integrity, I sweep my accounts weekly so my capital extraction goes elsewhere.
Most people I met last week have been burned by the brokers and financial industry. brokers and financial people violate their contracts and the federal regulators treat money differentlly all according to what kind of account it is in. Futures is the first type of account to get screwed. stock trading is not so bad. SIPC is no longer functional for people who play by the rules.
QE 3 is focussing on people who do not "own". Wealth will be diminishing accordingly.
Personally, I am making it my business to always be able to "hear" my protection.
We helped anyone before the depression began and we announced it in mid 2006. We offered more after the close of 2006. At some point our approach was totally public and remains so. Anyone can find PEP and its three applications PVT (As DH says it returns 1000% a year for beginners); SCT doubles every 3 to 4 days); and SSR can handle unlimited capital with turns every 4 1/2 weeks.
Build your mind doing drills; the market always offers and the market is never wrong.
If you want to avoid the consequences of a Depression, take up living where people do not use money. They will welcome your skills as a participant in their community.
Quote from eurotrasher:
Jack is not fully functional..........
And so why are you asking me for things instead of doing your own work?
Your yo-yo won't work if you tie a knot in the string.
So you're saying the markets will soon become untradable (next 5 years) and prepare for rough times ahead?