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baecorine 5 posts  |  Last Activity: Jul 20, 2015 10:11 PM Member since: Dec 14, 2006
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  • baecorine baecorine Jul 20, 2015 10:11 PM Flag

    Tesla will be bankrupt in 2 years, Musk walks away with billions, mutual funds that own all the shares hand losses to their shareholders and Goldman Sachs will gladly buy up the battery patents for a few pennies as part of the settlement so creditors get a few dollars so it all looks legal.

  • Reply to

    Gold dropping in Asia (and so are stock markets)

    by wise4us Jul 20, 2015 9:25 PM
    baecorine baecorine Jul 20, 2015 9:57 PM Flag

    Ask yourself how long indexes can remain at all time highs because a few stocks like GOOG, AAPL, AMZN, NFLX or FB are holding them up while the beating that Wall Street banks gave to oil, gold, copper, iron ore, gas brings down not only stocks in those sectors but renders the debt these companies took on worthless. Once cancer is detected in one sector it spreads quickly and once again this casino market Wall Street built where they beat one sector up to inflate another backfires once again. The Euro has lost 25%, the Yen has lost more but it is all without any consequence? Do you really think Google deserved another $65 billion in market cap or that Facebook is worth almost $300 billion while commodity producers are worth nothing? have you seen what they did to coal miners? They are all bankrupt, shares wiped out. Real jobs lost. real assets now worthless in favor of the likes of FB that produce nothing durable. What is twitter? What is there to sell, your tweets? Can you eat it, drink it, drive it, live in it? It is nothing, no useful purpose. Stocks are no money creation vehicles, an excuse to print every time markets pull back 2 or 3% because everything is so inflated and leveraged that anything more than 3% starts wiping out leverage! The word bubble doesn't even begin to describe this market! Ask yourself this, will anyone ever buy FB for $300 billion? No, never, not even for $50 billion!

  • And everything else will come crashing down. Hard, in the ground assets will once again act as a safe haven because they can not be created from thin air. The last trigger for a global collapse was the US housing/mortgage bubble which wasn't so much a bubble as a financial fraud when Wall Street created synthetic securities and then insurance around them. Everything was leveraged 30, 40, 50 to 1and it all fell apart when the Fed started raising rates. What do you think will happen to all the 0% money that is leveraged far more than 50 to 1 now? You can't run in to bonds because they are crashing with stocks, so where do you go? That's right, you go to oil, copper, gold, corn, wheat, gas, the most beaten down sectors once again. Oil went to $147 only due to speculation, it did fall apart but not before $147. How high do you think gold and silver could go when everyone is looking for anything other than stocks and bonds to hide in. It gets even worse, what if there is a run on the banks? Then where do you put your millions or billions? Do you think society can handle another meltdown? I doubt it because this time will be far worse and much swifter. it won't drag out for 18 months, it will happen in days or weeks. Look to China for a preview how fast markets can fall and look to Greece to see what good it does to have money in a bank. The main feature is about to play around the globe and you will see that central banks can not stop it unless hyper inflation is their plan to get rid of debt and we all know how that ends. Cash, stocks, bonds and even debt, all become worthless.

  • Reply to

    Something with gold at 2pm

    by freeentry001 Apr 29, 2015 4:39 PM
    baecorine baecorine Apr 29, 2015 5:03 PM Flag

    They sure try hard, don't they?

  • baecorine baecorine Apr 29, 2015 4:42 PM Flag

    Wild wings complaining of higher costs yet the Fed says there is no inflation. Oil up another 2.45% today yet no inflation. They still can't figure out that QE has destroyed the population that is supposed to be consuming all the garbage these corporations want you to buy. Now the pigs on Wall Street will jack up oil again because they have QE money as far as the eye can see now and rates are NEVER going up.