Warning! Markets Set To Collapse Next Week: Almost Everyone Is All In On Nearly Record Amounts Of Leverage, Ron Paul On The Fiscal Cliff: “We Have Passed The Point Of No Return”… Negotiations Are Going Very Badly!!! Middle Class Tax Rates Might Have To Be Hiked Too!!!
It could be fairly normal to have the markets down over the new year though generally this type of futures signal would end up being a 500 point drop…
http://www.bloomberg.com/markets/stocks/futures/
Check out what happened with the DOW futures since Dec 21st 2012:
http://s9.postimage.org/uzksnc9jj/dow_2012_2.jpg
Margin Debt Soars To 2008 Levels As Everyone Is “All In”, Levered, And Selling Vol
There were some readers who took offense at our “bloodbath” recap of yesterday’s markets action (modestly different from that provided by MarketWatch). And, all else equal, a modest 28 step drop in the E-Mini/SPX would hardly be earthshattering. However, all else was not equal, and based on peripheral facts, the reason for our qualifier is that as of last week virtually nobody was prepared for a move as violent and sharp as the one experienced in the last minutes of trading yesterday. In such a context a “mere” 1.5% drop in the futures market has a far more pronounced impact on participants than a 10% or even 5% drop would have had, had traders been positioned appropriately. They weren’t. So what was the context? Let’s find out.
First as the NYSE just reported margin debt just soared to a near five year high, with Margin Debt at a whopping $327 billion, surpassing the highest print since the Lehman collapse, and the highest level since February 2008. Not only is everyone all in based on , but they are all in on nearly record amounts of leverage.
Ron Paul On The Fiscal Cliff: “We Have Passed The Point Of No Return”
Forward to 5:45 for the Ron Paul interview (ignore everything else)
http://www.zerohedge.com/news/2012-12-29/ron-paul-fiscal-cliff-we-have-passed-point-no-return
According To Two Reporters, The Fiscal Cliff Negotiations Are Going Very Badly
John Harwood @JohnJHarwood
Ben White @morningmoneyben
http://www.businessinsider.com/john-harwood-ben-white-fiscal-cliff-negotiations-going-badly-2012-12
Market Asset Class Correlations Imply Swift Selling in Coming Days
http://www.marketoracle.co.uk/Article38266.html
FORMER ROMNEY ECONOMIC ADVISOR: Yes, Middle Class Tax Rates Might Have To Be Hiked Too
Former Mitt Romney economic advisor Greg Mankiw admits something that he probably would never have said during the campaign: Middle class tax rates can’t be set in stone. They might have to rise, too.
http://www.businessinsider.com/former-romney-advisor-greg-mankiw-says-middle-tax-rates-may-need-to-rise-2012-12
Read more at http://investmentwatchblog.com/warning-markets-set-to-collapse-next-week-almost-everyone-is-all-in-on-nearly-record-amounts-of-leverage-ron-paul-on-the-fiscal-cliff-we-have-passed-the-point-of-no-return-negotiations-ar/#TyQXqLrbSjmi0Mt1.99
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Whistler Blowers, Insiders
Ron Paul, of all people, should see through the veil of that Austrian School of Economics he is such a slavish adherent of. That is why his criticism of the Federal Reserve was symbolic at best. He never really pulled out all the stops. This austerity notion that his fellow Austrian School friends champion is exactly what the powers-that-be prescribe. Their network of private central banks has been bankrupting governments for several centuries. They turn economics into some kind of mystery religion that is inaccessible to the mere human. The truth is that government has the power to create money and credit, and they can do it for FREE, not pay some parasite elite to do it. The USA became a super power in just over 100 years, and they achieved that without the help of a private central bank. It wasn’t until the Fed came on the scene that national debt soared and income taxes were imposed.
It is well past the time to repudiate this debt and stop believing that putting crushing taxes on the working class will magically repair this multi-trillion dollar hemorrhage. It won’t happen, it’s mathematically impossible and it’s time to end this silly game. If an orderly default and devaluation on a global basis is not accomplished soon, the entire house of cards is coming down and billions will perish. The elite parasites know it and they are scrambling for position. No political leaders have the will to try to prepare for this or to warn the public. Even Ron Paul was a disappointment, though to really take on the fight would have probably gotten his grandkids threatened, so what do you do!
Deadline legislation always smacks of more extortion foisted on The People.
“Same song, second verse, a little bit faster and a little bit worse.”
Last Minute Panic Passing keeps our debt-based economy in the bankster’s pocket. There are very few who have not participated in this Ponzi Scheme of an economy as it’s nearly impossible to “get ahead” otherwise. That’s how neatly we’ve been cornered to the edge of the cliff.
Pushing back the Inevitable only makes the Inevitable that much more devastating when it becomes beyond anyone’s ability to control. The PTB want the chaos. It’s their favorite MO. Make things horrible enough and people will compromise.
An orderly default and devaluation is the exact ticket to real recovery. Unfortunately, the game and the destination is rigged.
Be good scouts.
Well put, But let’s take this a little further shall we, You mention abut millions or billions perishing. Well that is exactly what they want to happen, it’s part of the master plan for the NWO. Georgia guid stones spell it all out!
“It is well past the time to repudiate this debt”
Uh, excuse me. You don’t know how the closed American financial system works. Federal Debt = Private U.S. dollar assets + foreign U.S. dollar reserves TO THE PENNY, because the dollars literally can’t come from anywhere else. We have dollars in our possession precisely because of the Federal Debt. If the U.S. government repudiates its own debt, then BY DEFINITION it would also repudiate every U.S. dollar in existence, and it could no longer accept them as payment for taxes. What would we do then if all the dollars get effectively raptured, genius?
Let her crash. The sooner we get this over with, to better off we will be. America needs a thorough cleansing. This crash will do it.
This will NOT be thorough cleansing, this will be the total financial devastation.
And NO, we won’t be better off!
This crash will put us back to the depression of the 1930′s.
We all know what followed.
lol put us back to the 1930′s depression? lol lol, the 1930′s will dwarf a depression in today’s standard. The 1930′s will look like a breakfast in bed compared to what today would bring.
What is the sound of a quadrillion dollars of derivatives in full de-leveraging mode? It’s the tremendous flushing sound heard around the world. The collapse of the Lombard banking empire plunged Europe into the Dark Ages and brought on the Black Death. That would look like a cake walk compared to seeing this worldwide financial system come apart. Only the lucky few are seriously preparing for that.
The strong take the initiative to erase the slate and start over. The weak are fine just to muddle along on the backs of the working, living in fear that their world will disintegrate if we change anything. Well say “Hellooooo ‘disintegration’ because another trait of the strong is to be the change that they want to see and shove the weaklings aside.
Yeah there Bob I sure hope you are ready for your own wish to come true because it will be pandemonium and chaos as never before. They say this every year and the scheme somehow manages to survive. I personally do not want to see society come apart in my Lifetime, the horror will be unimaginable. Millions of people fighting over food will be a nightmare.
IF ONLY BILLIONS WILL PERISH. Really, it will only take billions to make things right! Heavens we could do that with one stroke of JP MORGAN’s cleaning ladies pen. TRILLIONS, maybe but billions, not even close.
Bob, for a bloke with so many letters after his name I would have thought you had a little more intelligence,but your comments reveal otherwise. Your ignorance on this story and others is palpable. Take a break from posting Bob and do a little more research and then the letters after your name might have some credibility instead of appearing to be ego based.
Bob , this economic problem has been engineered. The Agenda has been to collapse society as we know it,to bring people to their knees .Be careful of what you wish for Bob! Norry.
Yawn. Same tune payed for the past 10 years.
Shame on you for trying to incite fear and cause chaos among people whose economic situation is already fragile. It’s people like you who cause the market to fluctuate.
I’ll have to see it to believe it. I’m tired of getting my hopes up that this will finally happen and then it doesn’t.
Yes, I AM looking forward to this. I’m seeing a lot of comments along the lines of “I don’t wanna see the end of civilization, wah wah”. Take a look around, a bunch of idiots doing nothing as our country goes to absolute crap! Congress goes NOT heald accountable, neither does Bush or Obama… People are suffering in great numbers, and that number rises everyday. Everyone and their freaking brother is suckling the government tit…
Nobody has half a clue what’s going on and would rather watch football than educate themselves. You have fun wanting that world. And I’ll be laughing at you as well when it comes crumbling down. I’m prepared for it. I’ve been preparing ever since I figured out what an Economy was.
I want humanity to progress, and if nothing else, out of my way.
Best part? I wont be doing anything to cause it. I will merely watch with a smirk as the idiots of the world eat each other alive. Am I completely safe? No, but; I will Ten fold and beyond better off than the majority of them.
It would appear that most of the posters on this “fiscal cliff” story think this little bump will cause worldwide chaos. This is NOT going to be the big one. REPEAT… this will NOT be the BIG ONE.
Theres a whole plethora of other problems out there that will cause much much more pain than this. Just hang on a little longer guys… all the pain you can handle is coming soon to a neighborhood near you.
on top of that you have your basic billionaire types dumping stock
I did a google on “who is dumping stock” and I’d put the link here if it weren’t insanely long.
Look it up, you’ll get the idea quick enough.
The first two commenters on this article are really what counts, in their own words and from the Spirit, commenters in all forms in America really need to get away from what they were told in their pubic schools and later communist handler in and con structionalists about ‘proper’ rhetorical response? and start speaking in their own words and from the Spirit.
Ron Paul knew he had no chance at the presidency but enjoyed the roll of agitator. He siphoned off many would be anarchists and kept them where they would do no harm. Whether he was a willing adjunct to the Illuminati, is unknown to me. Either way, it had the same effect and he was allowed to exist, just as long as he remained beaten down.
DOW 3000 COMING!
Actually, DOW 0 is what is on the horizon and even the “elite” will be shaking in their boots!
don’t click that fly38 link, has malware/viruses
Yes people it is true that globally the economy is in great trouble and much disarray however…..
I sometimes think i’m the only person who knows what this term economy means; it does not mean “financial system” by the way.
Look it up; Economy means family unit and this indeed is where all our problems have originated.
JOHN McCLEAN WAS RIGHT,
BYE BYE MR AMERICAN PIE, GONNA SHARE WITH THE PEOPLE BUT THE PEOPLE CRY ,
GUNS WERE TAKEN OFF THEM AND THE CUPBOARDS WERE DRY ,SO THEY MOANED ABOUT IT TILL THEY COULD NO LONGER CRY AND OBAMA WAS STUCK WITH THAT SMILE OF A SLY AND THEY KNEW THEY WERE GONNA DIE ,
WHY, WHY, DIDN’T YOU PEOPLE TRY ,TO IMPEACH OBAMA FOR THAT LIE ,WHERE IN BENGAZI CHRIS STEPHENS HAD TO DIE , ALL YOU CAN DO NOW IS SIGH , SIGH .
PRAY TO THE LORD TO FORGIVE YOU OF YOUR SIN,
AND THEN MAYBE YOU MIGHT STAND A CHANCE TO WIN.
BUT DO IT NOW BEFORE ITS TO LATE ,
OR YOU WILL NEVER GET OVER ,
BENGAZI GATE.
LIE, LIE OBAMA LIE , YOU WILL BE CAUGHT OUT IF ONLY THE PEOPLE TRY ,THEN WIPE OF YOUR FACE THAT SMILE OF A SLY , IMPEACHMENT WILL COME YOU CANNOT DENY
SO BYE, BYE, MR OBAMA BYE. THE PEOPLE WILL WIN AND YOU WILL CRY ,
AMERICA WILL STAND ,AND YOU MAY EVEN FRY , BUT AT LEAST THE PEOPLE WON’T DIE.
what a complete load of bollox. these doomtards have been issuing collapse for years saying it’s imminent, yet fuck all has ever happened and nothing ever will either. so get a life you doomtards and wake up. the elite could not deal with 250m peeps protesting about the economy. there will always be an 11th hour result.