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Showing posts with label financial crisis. Show all posts
Showing posts with label financial crisis. Show all posts
if you asked me, we should crash the current military financial complex (NWO) before it crashes all human life on planet earth ... thus welcome to my crash the system agenda :-)
#3 general strike aka revolution (similar to the nice example provided by the very small train drivers union GDL with its boss weselsky in germany for a week in november 2014)
...
## last but not least: let's create a new fair and sustainable system and leave the old system as an empty envelope behind us :-)
today i will take on the financial system ... let's see what ideas the proaurum guys have for this issue :-)
napoleon (1863), marianne (1911), elizabeth (2013), polar bear (till the climate change doesn't destroy its habitat)
well, how to crash the fraudulent fiat money system witch allows even bankrupt states like usa, germany, UK, france, japan ... to fight wars, subside their economies, pay policemen to oppress its citizens etc? many ways ...
withdraw as much money out of the banking system as possible (buy gold + silver + other precious metals, buy real estate and/or farm land, invest in your own health / education / own company / business, ...)
boycott the taxes (exchange goods + services with friends & family instead buying that services and )
build up regional self-reliant communities
help others ... and maybe others will help you ...
(april 10, 2010) OMG! what an airplane tragedy in smolensk/russia ... 88 polish elites including president lech kaczynski dead :-( ... RIP ...
slovak singer martina schindlerova performs 'birds of paradise' for the 42 slovak ('peace force') soldiers who died in a plane accident in hungary on their flight home from kosovo in january 2006.
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(february 2010): folks, there is everything fine in poland
well, we are visiting my wife's family and i think there is everything fine here ... just look: on the very 1st day there was not a single parking slot for our car in front of the city's huuuuge shopping + entertainment center manufaktura (= the former textile factory areal). well, after a while we found a place in the very last row and could finally move to the shopping paradise ... ok, lets move to an ATM and withdraw some local currency (= zloty), u think ... well, i've tried 5 or 7 cash machines and all of them were nearly empty or had just small notes inside so i would have to take the money out in several steps (and pay the corresponding commission of 6 EUR every time). well, the last possible ATM in the 2nd floor offered me to withdraw 3,900 zloty instead of the wished 4,000 (approx 1,000 euros), i said yes, of course ...
the shops are full, cafes and restaurants as well an there was not a single cinema ticket out there (well, that was the valntine's day and therefore a very special situation, but anyway ... )
what else? very sexy clothed women despite the cold weather (-3 celsius), too expensive coffee shops (not much cheaper than in germany even if the folks in poland earn significantly less), soooo much food at family's dinner table, so much snow outside, shopping with wife + children (you still remember my horror experience few weeks ago, dont u?), visit in manufaktura's small but intersting museum ... hell, u wouldn't believe how loud the 2 textile machines were (loud like hell, i would say: http://www.youtube.com/v/iVD-1xBPiNo) and none of us could imagine the damned noise the former 200 machines produced in factory's active days ...
folks, i will post some pictures (but not the sexy girls!) and write some more comments later (just in case if s.th. interesting happens, of course).
well, 2day evening is a pub visit with few of my wife's school friends on the agenda (again in the sooo nice and intersting manufaktura). i knew few of them from my former visits already, so it could be a quite interesting beer/vodka evening again. FOLKS, I SWEAR I WILL NOT TOUCH ANY TEQUILA THIS TIME .... aaaaaaand im not going 2 start any poll whether beer + caipirinha + hot wine punch was a better choice than tequila, u agree?
any other observations? kindly people everywhere (except the waiters/waitresses ~ they prolly dont care whether the customers are satisfied or not), many bazaars with cheap local and chinese products of low quality, traditional local food in the markets + restaurants (prolly much better + healthier than the german industrialized food supply!), very good + still cheap bread, buckled streets (btw, by far not as bad as in bali/indonesia), sooo much waste + doggy sh*t on the streets, nice shops in the city's centre, still no fast intercity roads and you have to drive slowly from village to village in order to move forward (esp. in the area of poland's 2nd or 3rd largest city lodz), still no wind/solar power generators out there, still sooooo many shabby appartment houses, still no waste recycling at all (hell, that's sad!!! paper, glass, food leavings, plastic, everything into one can => waste depony and/or fired in the city's heat power plant => dont ask abt pollution ) ... well, poland has still a loooong way to go to reach western european standards ... but the sexy girls makes the country a "must see" event, i think!
any investment ideas? yep, there is the huuuge copper + silver producer KGHM which pays huuuge dividends, but the price is quite high now and i cant order it directly (traded just in poland, england + usa), so maybe there will be sometime in the future a buying opportunity ...
why do all these folks sell gold/silver and gold/silver stocks at these low, low, low levels as if there were not a single buyer for them tomorrow? is the financial crisis away? no, not at all !!! imho, we are still in its epicentre ;o)
.... and why do they bid all prices up again the very next day? are they really complete idiots?
folks, pls tell me if the crazy guys who dump their gold/silver shares 10-15% cheaper on the market today are the same who bought them yesterday?
btw, who will gain control over the huuuuuuuge sunshine silver mine in northern idaho? sterling mining, minco silver or sns? who cares? well, i do own few shares in all of them :o) ... the only company which informs their investors regularly is the silver valley based sns. the cayman island managed partners sterling/minco do not tell much ... and what about the current majority owner bob mori? does he really prefer sns as the operator of that historic mine?
folks, it's unbelievable, i do know all the reasons why this crazy 2008 financial crisis (not just 'subprime') happened! it is not just because of the no#1 reason and a necessary precondition of this mess which is greenspan's and bernanke's printing press which had printed soooooo many dollars [money supply M3] out of thin air for sooooo long :o))
today was a holiday in germany and thus i could sit in front of moving price charts the whole day and trade. we could also say gamble ... well, the rational part of my soul told me not to trade as there is not enough capital on my account and a smallest price decrease in my current positions would mean a margin call and a deadly end of my account. but the small devil living inside my crazy, greedy, dishonest, corrupt, stupid, incompetent, addicted and forever lost soul told me: "trade jaro, trade! you will definitely win few bucks and move your account into a more stable area". so i did!
my capital in the early morning: 356 €uros
my today's low: 282 euros
my today's high: 440 euros
my object of lustfulness today: dowjones index (DJIA)
my number of trades: 12
my trading result: 2.17 euros ... thank goodness! it could also be a loss of few hundred €uros instead :-)
last but not least, amount of money (or just 'liquidity' ?) moved on the market: 12 x 10,600 = 127,200.00 usd ... folks, please do NOT think about the 'stability' of nowadays financial system! it is crazy! consider that i had just 300 €uros of 'securities' in place :o((. do NOT think about things they WILL happen if the greedy banks would act like me - i'm sure they already do!
damned hell! did you think about OVERLEVERAGE? or about all these lehmans, merills, bears, AIGs, freddies, fannies + their small dirty european buddies northern rock, ubs, fortis, ikb, hypo real, bayern lb? jaro, you must be kidding! how can we remember all these funny names? pls repeat them slowly again, thx! ok fellows, here we go: AIG, Bayern LB, Bear Stearns, Dexia, Dresdner Bank, Fannie Mae, Fortis, Freddie Mac, HBOS, HSH Nordbank, Hypo Real Estate, HypoVereinsbank, IKB, Indymac, KfW, LBBW, Lehman Brothers, Merrill Lynch, RBS, Morgan Stanley, Northern Rock, Sachsen LB, Société Génerale, Wachovia, Washington Mutual, WestLB (as of 10/05/2008. thx 2 http://gburek.eu/)! pls note that banks [citibank, deutsche bank, ubs (they've written off about 40 billion euros!), commerzbank, ...] which have had just some 'small' difficulties in the past are NOT listed above! well, they've got what they deserve! by taking soooo much risks and having so few securities! what about the remaining crazy, greedy, dishonest, corrupt, stupid, incompetent + LYINGBANKS out there? pls don't ask me to comment on crazy, greedy, dishonest, corrupt, stupid, incompetent + LYING GOVERNMENTS, ok?
the question of the day: what is the difference between me and these crazy, greedy, dishonest, corrupt, stupid, incompetent, lying + guilty overleveragedbanks? it's so easy! i do risk just my own money and i take the responsibility for my behaviour in good and in bad times. folks, there is not 1 taxpayer's penny being lost through my trades, no bailout by u.s. treasury happened, no fresh dollars from bernanke's helicopter arrived ('helicopter ben'), ....
folks, please, please, please, do NOT hope for a perfect world! protect yourself instead !!! pls note the use of 3 (=three) exclamation marks, it should show u that the issue is somehow important! [the audience:] thx, but how could we protect ourselves + our families? just ask and answer 1 simple question to yourself (and act accordingly to your personal situation after that): DO I HAVE ENOUGH GOLD + SILVER ALREADY?
btw, are HUGE bailouts solution for financial crises? or what is the solution to solve this particular crisis? it's also easy! let the greedy banks take the responsibility for their own behaviour, let them go bankrupt if they deserve it, but do not allow to pay all taxpayers for failure of few! do not allow to give the money of competent people (profitable businesses + individuals) into the hands of incompetent people (zombie banks) as it would invers the real benefits of our (competitive) capitalist system! do not produce inflation by printing additional dollars out of thin air as you would probably not add oil to a fire in order to extinguish it. wow, thx ... + what should be done concretely?
A.) first of all we would need sound financial + economical policies which would allow entrepreneurship, competition, bankruptcies, failure, start-up companies + freemarkets instead of government controls, prohibition (e.g. shortselling, price controls etc.), bailouts, printing press, inflation, market & industry manipulation, ....
B.) then we would need to build wealth based on work and savings (instead of borrowing and spending) like in the good old days + like the austrian school of economics (von mises, hayek, menger, ...) tells us: http://en.wikipedia.org/wiki/Austrian_Business_Cycle_Theory
C.) yes, i do believe that a gold standard would help a lot to achieve this kind of wealth and prosperity. in my opinion would a gold standard also avoid such stupid and senseless 'investments' like the u.s. wars on iraq, iran, afghanistan, kosovo, vietnam, venezuela, cuba, terror, democracy inside western democracies, free markets, u.s. + european taxpayer, freedom, ???, ... IMHO would even the world become a better place. why? there would simply be no money for this kind of wars & malinvestments. that does not mean that there would be no wars at all as there have been many wars + a lot of destruction also in ancient time under a gold standard, but a war was usually over when the kings had no gold/silver to pay their soldiers :-)
poll: is it already too late for all these measures? YES / NO ??? i'm not sure, i hope not, but i'm realy not sure, i'm so pesimistic about that :-((.
why? well, we see just bailouts + socialisation of losses + government interventions & regulations + an unbelievable increase in money supply all over the world instead of free markets. is there any hope for improvement? yes, in november will the new u.s. president [11/04/2008: barack hussein obama => who are the strong powers behind him? the kennedy-clan + george soros + zbigniew brzezinski + ??? is it good or bad for the world? the time will show it :o)] most likely correct few of bush's mistakes and maybe even end the wars on iraq, afghanistan, terror ... and reduce budget deficits ... and so on ... that could help a little! but he has to speed up a lot before the winter comes, the kondratieff winter :o((
btw, what is the song of the crash(y) year 2008? hmmmm :o) ... and the winner is ... is ... is the dream team ... bush & bernanke!
yep, here are my trades:
item--------------: DJIA >> position closed, #1
units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 10/03/2008, 13:32
entry price-------: 10,550
initial stop-loss--: 10,530
new stop-loss----: 10,566
exit date---------: 10/03/2008, 13:41
exit price---------: 10,566
profit (loss) in %-: 0.15%
profit (loss)-------: $ 16 reason why + strategy: trying to trade the HUGE moves in DJIA which i've expected because of the planned voting of u.s. congress on the HUUUUGE bailout ($700 billion) of financial institutions lessons learned: nice trade; clever and FAST placement of initial stop-loss-limit as the DJIA moved so fast in one direction; nice stop-loss-limit later on to secure the profit => OK
item--------------: DJIA >> position closed, #2
units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 10/03/2008, 13:34
entry price-------: 10,575
initial stop-loss--: 10.560
new stop-loss----: 10,571
exit date---------: 10/03/2008, 13:41
exit price---------: 10,571
profit (loss) in %-:
profit (loss)-------: ($ 4) reason why + strategy: trying to trade the HUGE moves in DJIA which i've expected because of the planned voting of u.s. congress on the HUUUUGE bailout ($700 billion) of financial institutions lessons learned: nice trade; clever and FAST placement of initial stop-loss-limit; the price move was not big enough to move my stop-loss-limit higher => OK
... to do ... document the next 10 trades ... oh, my god! i can't start my trading platform just now (=saturday, 10/04/2008) to look-up the trading data! there is no customer hotline @cmc-markets today! there is no one who could initialize my 'entry code' to start the log-in process with the server defaults! ... f*cking hell :o)) . well, i've installed the software again, so i can continue writing now :-)
item--------------: DJIA >> position closed, #3
units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 10/03/2008, 13:43
entry price-------: 10,581
initial stop-loss--:
new stop-loss----: 10,582
exit date---------: 10/03/2008, 13:55
exit price---------: 10,582
profit (loss) in %-:
profit (loss)-------: $ 1 (WHAT a GAIN! i'm so happy :o) reason why + strategy: trying to trade some HUGE moves ... lessons learned: nice trade; FAST placement of initial stop-loss-limit; nice stop-loss-limit later on to secure the profit; the DJIA didn't want to move muuuuch higher this time => OK
item--------------: DJIA >> position closed, #4 units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 10/03/2008, 13:53
entry price-------: 10,599
initial stop-loss--: 10,582
new stop-loss----:
exit date---------: 10/03/2008, 13:55
exit price---------: 10,582
profit (loss) in %-:
profit (loss)-------: ($ 17)
reason why + strategy: trying to trade some HUGE moves ...
lessons learned: a small mistake; i had already 1 long position; i thought that after break-out through the 10,600 level there will be a huuuuge move up; it was a false break this time; i was not FAST enough to place new stop levels for my two positions [remember: there is a minimum spread to current price needed (about 10 points?) and in a fast moving market is it not easy to place an appropriate stop limit ... => idea of the day: i will try not to put a stop-limit immediately in my trading platform but just watch the quotes and sell 'market' when my emotional / theoretical stop-loss-level (about 20 points?) will be reached ... i have to think about that 'strategy' a little bit longer and maybe try it in the market clutter. and i still can place a stop-order in my trading platform when the price moves to a comfortable area to secure my fictitious profits] => let's think about this emotional stop-loss-strategy @entry some time longer :-)
item--------------: DJIA >> position closed, #5
units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 10/03/2008, 13:58
entry price-------: 10,578
initial stop-loss--: 10,560
new stop-loss----:
exit date---------: 10/03/2008, 14:00
exit price---------: 10,560
profit (loss) in %-:
profit (loss)-------: ($ 18) reason why + strategy: trying to trade some HUGE moves ... lessons learned: nice trade; FAST placement of initial stop-loss-limit; the DJIA didn't want to move muuuuch higher this time => OK
item--------------: DJIA >> position closed, #6
units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 10/03/2008, 14:05
entry price-------: 10,567
initial stop-loss--: 10,550
new stop-loss----:
exit date---------: 10/03/2008, 14:08
exit price---------: 10,550
profit (loss) in %-:
profit (loss)-------: ($ 17) reason why + strategy: trying to trade some HUGE moves ... lessons learned: nice trade; FAST placement of initial stop-loss-limit; the DJIA didn't want to move muuuuch higher this time => OK
item--------------: DJIA >> position closed, #7 units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 10/03/2008, 14:13
entry price-------: 10,578
initial stop-loss--:
new stop-loss----: 10,606
exit date---------: 10/03/2008, 14:59
exit price---------: 10,606
profit (loss) in %-: 0.26%
profit (loss)-------: $ 28 reason why + strategy: trying to trade some HUGE moves ... lessons learned: nice trade; FAST placement of initial stop-loss-limit; nice stop-loss-limit later on to secure the profit; this was a WAR BETWEEN BEARS AND BULLS which lasted about 1 hour; the DJIA moved few points higher and tried to break-out to a new (higher) level; but fell back just to stop out my position; than moved higher again (in short term trading plays luck also a important part :o) => OK
item--------------: DJIA >> position closed, #8 units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 10/03/2008, 14:59
entry price-------: 10,623
initial stop-loss--: 10,610
new stop-loss----:
exit date---------: 10/03/2008, 15:01
exit price---------: 10,610
profit (loss) in %-:
profit (loss)-------: ($ 13) reason why + strategy: trying to trade some HUGE moves ... lessons learned: nice trade; FAST placement of initial stop-loss-limit; the DJIA didn't want to move muuuuch higher this time => OK
item--------------: DJIA >> position closed, #9 units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 10/03/2008, 15:02
entry price-------: 10,624
initial stop-loss--: 10,591
new stop-loss----:
exit date---------: 10/03/2008, 15:06
exit price---------: 10,591
profit (loss) in %-: (0.31%)
profit (loss)-------: ($ 33) reason why + strategy: trying to trade some HUGE moves ... lessons learned: a small mistake; i couldn't place an initial stop-loss-limit FAST enough as the DJIA moved so fast; loss too high ...
item--------------: DJIA >> position closed, #10
units--------------: 1
order type--------: market (sell) / stop (buy)
trade type--------: short
entry date--------: 10/03/2008, 15:12
entry price-------: 10,573
initial stop-loss--: 10,591
new stop-loss----:
exit date---------: 10/03/2008, 15:13
exit price---------: 10,591
profit (loss) in %-:
profit (loss)-------: ($ 14) reason why + strategy: trying to trade some HUGE moves ... lessons learned: nice trade; FAST placement of initial stop-loss-limit; the DJIA didn't want to move muuuuch LOWER this time => OK
item--------------: DJIA >> position closed, #11 units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 10/03/2008, 15:14
entry price-------: 10,615
initial stop-loss--: 10,591
new stop-loss----: 10,616 => 10,682 => 10,707
exit date---------: 10/03/2008, 16:19
exit price---------: 10,707
profit (loss) in %-: 0.87%
profit (loss)-------: $ 92 reason why + strategy: trying to trade some HUGE moves ... lessons learned: this was a dream! this was this kind of trades i'm looking for! clever and FAST placement of initial stop-loss-limit; nice stop-loss-limit later on to secure the fictitious profit - note that the limit was far enough from the 'psychological' barrier 10,600; a nice coffee + dinner break during the trade (my stop order was in the market); and last but not least: the LUCK to pinch a really big move in price => yabbadabbadooo!
item--------------: DJIA >> position closed, #12
units--------------: 1
order type--------: market (buy) / stop (sell)
trade type--------: long
entry date--------: 10/03/2008, 16:36
entry price-------: 10,721
initial stop-loss--: 10,707
new stop-loss----:
exit date---------: 10/03/2008, 16:41
exit price---------: 10,707
profit (loss) in %-: 0.15%
profit (loss)-------: $ 16 reason why + strategy: trying to trade some HUGE moves ... lessons learned: nice trade; FAST placement of initial stop-loss-limit; the DJIA didn't want to move muuuuch higher this time. after so many trades i was really tired (it was already late afternoon in germany) and then i decided not to trade any longer and went to gym. furthermore i didn't expect any big (= tradable) price move anymore. (the price reached 10,801 later on :). folks, i couldn't believe my eyes when i came back from gym! DJIA @10,325 points? => long live the stop-loss-limit-strategy ;-)) resume: few bucks for me; some more for my broker (12 x 4 usd spread = 48 usd); some liquidity for the markets; and a great experience ...
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folks, a small bonus for my german-language readers => a funny explanation-video about the financial mess out there through beer bar analogy ;o)
leute, bankwesen für anfänger + topmanager zugleich! ein echt lustiges aufklärungsvideo :o)
.... aaaaaaand im not going 2 start any poll whether beer + caipirinha + hot wine punch was a better choice than tequila, u agree?
) ... well, 
