Posts Tagged ‘crash’

I gotta tell you that in between, taking my sick cats to the vet, working on getting rid of my insanely bad sunburn I have been trading the markets and doing GREAT!. I know a lot of our subscribers have been doing the same and doing well also.

I have been short the EURO since about the $1.32 level. I thought that it might work out ok but OMG just look at the freefall since then. VERY VERY NICE I must say. *insert big cheesy grin smile here*

I must admit, that I was just about to loose all my hair from pulling it out at the start of the year from the continuous grinding higher we were seeing on low volume. But we have certainly made up for the fun we missed out early in the year.

With the downgrade of SPAIN over the last week, things really have become sour again, so i am sure this week we will have a ball playing currencies and the indices also. I have not seen moves like this for a long time, and in a strange sort of KARMIC way, this action does reminds me a little of mid 2007. I have touched on this before, but it is just one of those occurences that gives you chills down your spine.

Anyway, should be another important week, keep on your toes…..I explain what is going on at the moment in the video below.

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U.S. Stocks Sink Most in Year on New Uncertainty

Well a big night on the futures and it happened again on a Thursday. The DOW finished up nearly 4% down for the day. We almost kissed the low of the big FLASH CRASH also.

We messaged our FFT SUBSCRIBERS today and given our impressions. I remember in our previous forecasts that we were hinting in 2010 that things are indeed not getting better like they keep preaching on TV. And that we would soon see the effects. The sad reality of this is now hitting the markets.

As U.S. Stocks Sink Most in Year on New Uncertainty we have to remember two things :-

- The BIG European bailouts are not the answer, and will not work.

- There is another major country in EUROPE in worse trouble than GREECE

You will soon see the realization of this in the coming months. I know I could get on my soap box and say, I TOLD YOU SO!. But seriously, what the hell would that be doing. My job is just to wake people up. You know to shake them, and warn them of the things coming. And help them make money in the process.

I have been shorting the EURO the last week or so and making very nice amounts of money, and some of our subscribers have also been doing the same. With options expiration tomorrow this can lift the market a little. But I gotta tell you, that next wee is going to be really interesting. There really is a fundamental shift happening here that I have not seen for a long time.

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I must say that over the years of bringing the truth i have taken a bagging by many people. I mean literally I should have just put a bag over my head and gone and crawled in a cave to live.

This is me below…LOL

A lovely look isn’t it. And probably handy for when you go shopping, As long as you have that trusty old spare.

It is interesting that in 2009 that my bag is slowly coming off. Well we knew alot of the stuff we saw in 2009 was coming but, we are never sure of the timing. That is a whole other “hey! Einstein read this and weep” timing issue that I think would even make this man spin his lid.

Some people just don’t get it. We believe and even have solid evidence that this is one of the most important times to be living ever!

2009 & 2010 are very important years as we have written in our NEWSLETTER.  It’s amazing seeing things unfold and over the next decade or so. When you truely appreciated the complexities of truth, the economy and how our brain works. You begin to see how everything works in tandem and happens for a reason. While it is both good and bad I still believe that OVERALL it is a beautiful thing.

Sorry to get all soppy there you, so lets get back to business…

Anyway….

Here is out latest video installment where I discuss what is happening on the charts and a few other important topics.

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Click play below and enjoy.

Below is a  US dollar chart graphic up until today. A lot of people today are asking is the US Dollar strong?

Well, that my good friends is a very good question! In fact such a good question that instead of ramble on I thought I would draw a pretty picture about the whole situation for you to feast you eyes upon (see below)

A PICTURE SPEAKS A THOUSANDS WORDS!!! Wouldn’t you agree!?

Ok, now for the fun rambling entertaining bit!

Alot of people thought we was crazy when we hinted the dollar would die a sickly death. Well consider this last few weeks, the sore throat, and runny nose of the US dollar. You know what those symptoms mean, yes!….OH OH.

Today was interesting, as every the popular news wires were hinting on evidence that seems to suggest china is quietly trying to get out of the dollar. These guys are very VERY smart, but the thing is they have themselves in a sticky situation. They own alot of US dollar and want to get out fast..

AINT GUNNA HAPPEN, OR IS IT?….

Warren Pollock today discussed the problems the Chinese are experiencing with the US Dollar and how they are orchestrating a quiet exit. The Chinese know the US Dollar will be devalued through inflation or simply by way of a straight-up default, so they want out, ASAP. If The Chinese are getting out, perhaps we should all be thinking about how to get out of dollar denominated assets, as well.

China selling big portions of the US dollar (which we could see on the horizon) would be the same as walking up to a raging fire, and pouring another 20 litres of pure gasoline onto this already raging enferno. But Obama seems to be playing Monopoly with these US dollar notes and giving in to all the rich bankers holding out there greasy palms for more cash. At the same time the word or term “Bailout” is now used like an oily old rag.

Even though we are hitting some newish lows in the dollar you ain’t seen nothing yet. Until then I guess its the old ‘Cat & Mouse’ game for China who are sitting on the sideline writing out their strategic plays for the coming months.

Whatever the case this whole Monopoly situation is not good for the economy and is not good for the little guy on the street..including you and me. I am sure China is saving their “Get OUT OF JAIL FREE” cards for the right moment.

A Change in mentality as well as currencies will only be a small part of the many bigger changes and challenges laying ahead. A complex multifaceted topic that will be saved for another day.

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If the thought of the US dollar crashing, or devaluing makes you laugh, or shake your head because its just a myth, think again!

I was listening to Ben Bernanke’s (Federal Reserve Chairman) Audio last week. Who in front of Congress  blatantly admitted to having no concern for the dollar. He stated his job was to stimulate the economy, (not to mention his own bank account!) Which means print off money and throw it around into the markets and other companies that don’t need it in the first place.

That is only part of the reason why the market has been heading north full steam ahead….

I must be the first one to say here, that if you go back hundreds of years, in any economy and see the consequences of such actions and its not rosey picture.

Let’s take for example South Africa, or what has happened in Zimbabwe recently. The consequences of such actions has already taken place there and many crazy pictures are showing up on the internet.  When you have a look at them (see below) It’s like some sort of bizarre scene out of a “Gods must be crazy” Film. But the only crazy people are the ones running this show. The governements and media.

In Zimbabwe things are drastic and their country has fully collapsed. Hyperinflation has riddled the country, destroying their currencies and the true gentle spirit nature of it’s people.

Check this picture out below. It’s is a picture of one of the locals racing off to the shops to errrr… buy a loaf of bread! Ah you forgot your wheelbarrow mate! “Oh you couldn’t afford one!…RIGHT!”

Jokes aside, this is a serious situation. It’s sad really!!!! I would not want to be living in a place like this, that’s for sure.

The scary thing is that the US and some other countries are about to undergo a massive currency correction, and valuation also. How much?, well….time will tell? But the effect will have dramatic consequences on many families, young and old, rich and poor!

THERE ARE BIG CHANGES COMING FOR MAJOR COUNTRIES AROUND THE WORLD. Zimbabwe is only one small portion, that has already felt these effects.

What will really matter is how this will affect people psychologically. I know that people are in trouble now financially but when people get DESPERATE, they can sometimes do DESPERATE things.

Anyway….Its kinda hard to explain what is going on without showing some charts. Here is one that will simply BLOW YOUR  MIND!.