Do those guilty of high sin really think they are above God's Law?
I beg to differ.
Watch The Untouchables on PBS. See more from FRONTLINE.
I beg to differ.
Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts
Wednesday, May 22, 2013
Saturday, November 27, 2010
Some Simple Math
Some simple math of current U.S. history. American "independence" = freedom from collective responsibility and God's Law = God's Judgment.
This freedom has served to enrich Wall Street banksters at everyone's expense, and when the fraudulent Ponzi scheme of modern 'Capitalism' started to fail in 2008, the guilty simply changed the 'accounting' rules and started printing money to try and cover up their ongoing misdeeds.
[ALSO WATCH THE SUBSEQUENT INTERVIEW WITH SIMON JOHNSON AND JAMES KWAK]
Could this be why our Liberty Bell is cracked?
The reality is that there's a Creator to whom all creatures account regardless of what's popularly believed.
This freedom has served to enrich Wall Street banksters at everyone's expense, and when the fraudulent Ponzi scheme of modern 'Capitalism' started to fail in 2008, the guilty simply changed the 'accounting' rules and started printing money to try and cover up their ongoing misdeeds.
[ALSO WATCH THE SUBSEQUENT INTERVIEW WITH SIMON JOHNSON AND JAMES KWAK]
Could this be why our Liberty Bell is cracked?
The reality is that there's a Creator to whom all creatures account regardless of what's popularly believed.
Friday, October 15, 2010
How can this be?
10/18 UPDATE: Visualizing A POMO Market: How The Fed Added 400 Points To The S&P
How can this be?
Actual "investors" have been pulling their money from the stock market since the 2008 financial crisis and especially since the May "flash crash", yet equity prices continue to climb seemingly in defiance of economic gravity, likely made possible with the funny money the Fed has been pumping into the financial system:
Certainly Wall Street banksters are pleased with this seeming magic in that they are planning to pay themselves a record $144+ billion in bonuses this year.
The looting of the American economy by the banking PTB den of thieves continues unabated.
No one doth protest because the people and their misleaders have been conditioned not to rock the yacht lest they be "punished" again. One wonders if "Foreclosuregate" is pushing the envelope of what the serpents of Mammon are willing to tolerate:
How can this be?
Actual "investors" have been pulling their money from the stock market since the 2008 financial crisis and especially since the May "flash crash", yet equity prices continue to climb seemingly in defiance of economic gravity, likely made possible with the funny money the Fed has been pumping into the financial system:
Certainly Wall Street banksters are pleased with this seeming magic in that they are planning to pay themselves a record $144+ billion in bonuses this year.
The looting of the American economy by the banking PTB den of thieves continues unabated.
No one doth protest because the people and their misleaders have been conditioned not to rock the yacht lest they be "punished" again. One wonders if "Foreclosuregate" is pushing the envelope of what the serpents of Mammon are willing to tolerate:
Visit msnbc.com for breaking news, world news, and news about the economy
Monday, October 11, 2010
Efficient Insanity On Wall Street
One of my favorite clips from South Park, "The Importance of Saving Money":
This captures the inherent fraud and utter insanity underlying the fractional reserve banking system and Wall Street where financial firms seek to profit from gambling with other people's money with government/taxpayer backing in the event the given bets go wrong.
We are likely approaching the end-game of this gambit with the development of what I deem to be "efficient insanity" on Wall Street as computers have taking control of the trading activity on exchanges with the propensity for extremes of greed and fear "programmed in" to the algorithms used to make buy and sell decisions.
Here are some excellent videos revealing the "efficient insanity" that has taken shape on Wall Street starting with a 60 Minutes segment that appeared yesterday evening:
Also see: The Trillion Dollar Bet
Where will this mislead? Well....it doesn't take a quant to figure it out. We saw the first taste of what can happen with the May 6th "flash crash":
Interestingly, the flash crash occurred right after I was kicked out of my Bible study by the assistant pastor of my church. Certainly there is great truth to the following passage which we all must heed (including myself):
Literally, the "wealth" we accumulate in this ill-fated world can be gone in a "flash".
This captures the inherent fraud and utter insanity underlying the fractional reserve banking system and Wall Street where financial firms seek to profit from gambling with other people's money with government/taxpayer backing in the event the given bets go wrong.
We are likely approaching the end-game of this gambit with the development of what I deem to be "efficient insanity" on Wall Street as computers have taking control of the trading activity on exchanges with the propensity for extremes of greed and fear "programmed in" to the algorithms used to make buy and sell decisions.
Here are some excellent videos revealing the "efficient insanity" that has taken shape on Wall Street starting with a 60 Minutes segment that appeared yesterday evening:
Also see: The Trillion Dollar Bet
Where will this mislead? Well....it doesn't take a quant to figure it out. We saw the first taste of what can happen with the May 6th "flash crash":
Interestingly, the flash crash occurred right after I was kicked out of my Bible study by the assistant pastor of my church. Certainly there is great truth to the following passage which we all must heed (including myself):
"Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moth and rust do not destroy, and where thieves do not break in and steal. For where your treasure is, there your heart will be also....No one can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money." [Matthew 6:19-21;24]
Literally, the "wealth" we accumulate in this ill-fated world can be gone in a "flash".
Wednesday, October 06, 2010
Wall Street is Googled
There's a very interesting segment around 40 minutes into the following video on "quants" reviewing how the "black box algorithms" being used in high-frequency trading are literally googled into internet news streams to make instantaneous large-scale buy and sell decisions:
Here is what this can do when a simple false piece of information gets processed:
Price "value" can simply go *poof* in a matter of minutes no matter the worthiness of the effective information.
The panic decision-making system is in place as never before and is literally connected to the internet information stream.
With the "Flash Crash" in May we got to see just how dangerous the current state-of-affairs on Wall Street can be when the mood of the crowd shifts:
*YouTube playlist of the whole May mini-panic*
One of the principle indicators of the May flash crash was the TED spread. Monday it started to climb, leading to the sell-off in markets that day.
I believe this is key. The financial system might be overly-sensitized as recurring crises have been "modeled in". Thus, just the hint of trouble can trigger over-reactions that in and of themselves have an effect creating the potential for a self-reinforcing "falling dominoes" dynamic of extraordinary magnitude. Since quants seek to program in a reasonable automated response to the potential unreasonable responses of other market participants, they're collectively creating the basis for efficient insanity. It's as if the dynamics have formed for man as a species to suffer a collective psychotic break with little warning and lead-up. Even so, some "new information" would have to enter the "system" to trigger a given panic. Seasonality suggests we are at the end of the window of maximum vulnerability in 2010 to such a dynamic today, although between now and early-November remains a period of significant concern.
Here is what this can do when a simple false piece of information gets processed:
On September 8, 2008, the price of UAL shares fell by nearly 99% in fifteen minutes to $0.01 US amid rumors of another bankruptcy, before NASDAQ temporarily halted trading. The rumors were traced to an old story on the South Florida Sun-Sentinel website about the 2002 bankruptcy being picked up by Google News and subsequently presented by Bloomberg LPas breaking story. The share price subsequently recovered most of its value. [Wiki | More]
Price "value" can simply go *poof* in a matter of minutes no matter the worthiness of the effective information.
The panic decision-making system is in place as never before and is literally connected to the internet information stream.
With the "Flash Crash" in May we got to see just how dangerous the current state-of-affairs on Wall Street can be when the mood of the crowd shifts:
*YouTube playlist of the whole May mini-panic*
One of the principle indicators of the May flash crash was the TED spread. Monday it started to climb, leading to the sell-off in markets that day.
I believe this is key. The financial system might be overly-sensitized as recurring crises have been "modeled in". Thus, just the hint of trouble can trigger over-reactions that in and of themselves have an effect creating the potential for a self-reinforcing "falling dominoes" dynamic of extraordinary magnitude. Since quants seek to program in a reasonable automated response to the potential unreasonable responses of other market participants, they're collectively creating the basis for efficient insanity. It's as if the dynamics have formed for man as a species to suffer a collective psychotic break with little warning and lead-up. Even so, some "new information" would have to enter the "system" to trigger a given panic. Seasonality suggests we are at the end of the window of maximum vulnerability in 2010 to such a dynamic today, although between now and early-November remains a period of significant concern.
Thursday, January 21, 2010
Them's fightin' words!
President Obama effectively declared war on Wall Street's reckless greed this morning:
This sent the stock market into a tailspin, particularly the share prices of big banks and Goldman Sachs in particularly:
As it has been, Wall Street has been raking in record earnings and fat bonuses by effectively gambling with the money of depositors and taxpayers. When their risky bets went sour after the housing market turned down, the big banks were too big to fail, so taxpayers had to bail them out to the tune of $2.5 trillion. In the wake of that bailout, and after accounting standards were twisted to keep the banking system technically solvent, Wall Street had a banner year in 2009 for which they are now rewarding themselves around $150 billion in bonuses. That this whole Ponzi scheme is one of the most unprecedented crimes in American history is a profound understatement.
Well, President Obama, to his credit, has decided to put his foot down by invoking, rather aptly, what he dubbed the "Volcker Rule". Consequently, the robber barons on Wall Street are bound to chop off the President's foot and tank the stock market thereby harming the effective savings of millions of Americans who have placed blind trust in the most untrustworthy sorts. The President's announcement today was like declaring an end to the largest Ponzi scheme in human history.
This sent the stock market into a tailspin, particularly the share prices of big banks and Goldman Sachs in particularly:
As it has been, Wall Street has been raking in record earnings and fat bonuses by effectively gambling with the money of depositors and taxpayers. When their risky bets went sour after the housing market turned down, the big banks were too big to fail, so taxpayers had to bail them out to the tune of $2.5 trillion. In the wake of that bailout, and after accounting standards were twisted to keep the banking system technically solvent, Wall Street had a banner year in 2009 for which they are now rewarding themselves around $150 billion in bonuses. That this whole Ponzi scheme is one of the most unprecedented crimes in American history is a profound understatement.
Well, President Obama, to his credit, has decided to put his foot down by invoking, rather aptly, what he dubbed the "Volcker Rule". Consequently, the robber barons on Wall Street are bound to chop off the President's foot and tank the stock market thereby harming the effective savings of millions of Americans who have placed blind trust in the most untrustworthy sorts. The President's announcement today was like declaring an end to the largest Ponzi scheme in human history.
Saturday, November 14, 2009
Charting Collective Insanity
Irrational investor optimism relative to harsh historical reality is currently at an unprecedented, untenable extreme.
Since the Elliott Wave Primary wave one low in the Grand Supercycle bear market reached in early-March, the stock market has rallied more than 60% in a distinct A-B-C retracement pattern:
Meanwhile, the economy has barely started recovering from the devastating blow to collective confidence that occurred with the recent financial crisis. Earnings for S&P 500 corporations remain mired in a historic collapse:
(S&P 500 Earnings, Inflation Adjusted)
Consequently, the divergence between stock prices and actual corporate earnings is at an unprecedented extreme as measured by the price-to-earnings (P/E) ratio:
While Wall Street is celebrating a banner year with record bonuses soon to be had by the financial elite that paved the path to economic collapse, Main Street continues to relentlessly suffer from job losses and financial hardship as the government recovery plan has fallen far short of projections:
"What's good for Wall Street is good for Main Street" is proving to be a tragic assumption (ass-u-me) for governing authorities who have sold their souls to a den of thieves.
But be assurred....God is in control, not mann.
Since the Elliott Wave Primary wave one low in the Grand Supercycle bear market reached in early-March, the stock market has rallied more than 60% in a distinct A-B-C retracement pattern:
Meanwhile, the economy has barely started recovering from the devastating blow to collective confidence that occurred with the recent financial crisis. Earnings for S&P 500 corporations remain mired in a historic collapse:
(S&P 500 Earnings, Inflation Adjusted)
Consequently, the divergence between stock prices and actual corporate earnings is at an unprecedented extreme as measured by the price-to-earnings (P/E) ratio:
While Wall Street is celebrating a banner year with record bonuses soon to be had by the financial elite that paved the path to economic collapse, Main Street continues to relentlessly suffer from job losses and financial hardship as the government recovery plan has fallen far short of projections:
"What's good for Wall Street is good for Main Street" is proving to be a tragic assumption (ass-u-me) for governing authorities who have sold their souls to a den of thieves.
But be assurred....God is in control, not mann.
Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: For where your treasure is, there will your heart be also.
No one can serve two masters, for either he will hate the one and love the other; or else he will be devoted to one and despise the other. You can not serve both God and Mammon.
- Matthew 6: 19-21,24
- Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.
- Romans 12:19
And said, Naked came I out of my mother's womb, and naked shall I return thither: the Lord gave, and the Lord hath taken away; blessed be the name of the Lord.
- Job 1: 20-21
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