Financial Crisis 2012 Worse than 2008, European Banking System on the Verge of Collapse

[Dukilein1984]

Obama is talking about the EU to solve the crisis. Perfect, stupid bankers from the US started all of this and now it is the fault of the EU of course ;) Well, in my opinion it is only a matter of time when people go to their politicians and do self justice. They take and take and take and never go to jail. Like here in Austria. It is disgusting how much bullshit is going on. I think democracy and the politic system is outdated. But I also have no clue what to do else, thats the problem.

[riconyx]

Our government always criticize "social-ist" countries having a centralized economic....."social"?...econo­mic?.....government?....we'll fail....like them

[StockMarketFunding]

@riconyx governments are all screwed, thanks for the comment!

[flatswing]

What do you make of the continued bull run given the underlying facts?

[StockMarketFunding]

@flatswing We feel the continued move which started because they short interest was extremely high going into 2012. The SPY had over 70% short as did the QQQ. As of 1/13 313,206,118 shares of the SPY short. They continue to use the short interest to walk the tape and breakout 11 year highs to suck in the remaining amounts of cash till the 2 years from the 03/09 low. We cover most of this in today's video watch?v=x2E9ULzwS4w

[kopynd1]

yer' but the US allways have find a solution,

[StockMarketFunding]

@kopynd1 find a solution,or print a solution ;-)

[kopynd1]

britains debt 1 trillion

[StockMarketFunding]

@kopynd1 the US has $56.4 Trillion or 180,673 per citizen

[jjbarbados]

4 yrs with the same soup opera ! europeans still have an overated expensive currency they think they are expensive and important in the worlds economy when they aren´t. We are seing the end of Hard Currencies, Europeans dont grow, dont create jobs, they collect red debts...europeans only purpose in life is to see how many new countries are they going to visit in their next vacation...they need a hard fake currency but a trashy economy at home.Just work hard like succesful nations.

[StockMarketFunding]

@jjbarbados great comment, everyone is manipulating their currency/debt/job figures ect markets still go higher on hope and change and the fact it's an election here in the US

[911Dagur]

@jjbarbados Hey, not all Europeans. Some of us actually work hard. Well, maybe not the french and the Spanish and the Greek. Just look to Scandinavia, we doing pretty good compared to others.

[RafaelaSalvatore888]

@911Dagur Greeks do not try?Do you know how many people do not have money even to buy food?Do you know how strict are the new financial measures?I guess probably you don't...

[911Dagur]

@RafaelaSalvatore888 I'm not saying that the average joe doesn't go out and work hard or have a hard life today. I was referring to that most of scandinavians pay more taxes, retire later, work more effeciently throughout the day and produce more wealth than the average greek person. I was not talking about what is happening to Greece right now and the financial crisis. I'm sorry if I was unclear.

[StockMarketFunding]

@bewustwording stop spamming, thanks :-)

[SMFstocks]

Europe debt crisis, Greece Default, Piracy Wars and Internet Censorship, markets go higher, welcome to the new world of investing :-)

[TheSMFTRADER]

Thanks for the analysis Mario, Fitch cuts Portugal rating to junk status...European markets are selling off as we speak. Happy Thanksgiving!

[StockMarketFunding]

@TheSMFTRADER you're welcome!

[DJLRacing]

Thats for the video, the super committee can do little to solve the economic problems though. I think we are long overdue for a big writedown of debt. We need a depression (i.e. hit the reset button) and start from scratch again. Iceland is a perfect example. They took the hit, did 2 years of hard time, now they are starting to grow again. You cannot solve debt, with more debt.

[StockMarketFunding]

@DJLRacing Great comment, Iceland definitely did it the hard way but it was obviously worth it to take the hit and move away from the central banking system

[secretsquirrell13]

they definately want to coincide markets failing with war, combined disasters to "shock" the public out of their revolutionary mindsets which is growing exponentially each and every day....the empire will strike back....with a devestating blow........be ready ppl........peace.

[StockMarketFunding]

@secretsquirrell13 insightful comment, thanks for sharing, markets are down big, bond yields are running higher

[coolcub1]

@secretsquirrell13 revolution is from overpopulation and loss of democracy due to overpopulation, who promotes over population, world wide corporations and markets, Governments think they must control the change that is good for us, they will lose like the corporations

[StockMarketFunding]

@coolcub1 Talks on Greek Debt Hit an Impasse - Biggest Hurdle Is Rescuers' Insistence on Low Compensation for Creditors That Participate in the Bailout...high risk low reward, what do you think about that recent news?

[coolcub1]

@StockMarketFunding I dont see many lining up for that investment!!

The recession is in, investment will not stop the inevitable, cant keep borrowing to pay debt! Stalling tactic for whatever reason i guess

[coolcub1]

@secretsquirrell13 yep you are def on the mark!

[StockMarketFunding]

@secretsquirrell13 well said, they're walking the short interest off the markets and sucking in as much cash to shore up their balance sheets before the pull the plug on the unsuspecting public!

[fernandezjunstein]

well philippines is not affected even by 2009 crisis philippines actualy boomed in those times even now

[StockMarketFunding]

@fernandezjunstein Philippines would be subject to world wide levels, it was just the last crisis was short lived and postponed by 3 years

[freeze427]

Just like when you stir up a hornets nest!!!!!

[StockMarketFunding]

@freeze427 futures market is tanking, hornets are stinging themselves as we speak

[robertplant634]

“It was not accidental. It was a carefully contrived occurrence.…The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all.” (Congressman Louis McFadden, chairman of the House Banking Committee referring to the Great Depression On The Federal Reserve Corporation, p. 95.)

[StockMarketFunding]

@robertplant634 that's why they brought in Ben right, because he was in charge of managing the bankruptcy

[tyronebiggums3]

Very balanced overview of the situation and what we could be faced with.

Thanks.

[StockMarketFunding]

@tyronebiggums3 thanks for the kind words, we always try to be balanced because there are chances each event could play out

[wvolson]

Thanks for the Video! They are Irrevelant in my opinion! It's too Late! It may not happen tomorrow but it's gonna happen!

[StockMarketFunding]

@wvolson thanks for commenting, futures are gapping down big right now!

[LondonCrusader]

Hey Mario/SMF.

I particularly like hearing your longer term thoughts, even though you are mainly short term trader. Dare I suggest, you are being...a bit too generous in your words for the super committee members. They may even pass something, but 10% of a 1.6tn deficit..sorry, thats just pathetic, and its not even significant to merit any praise in my view.

-

We've a strange week ahead, effectively just 3.5 days trading I believe, so..all the action will be cmpressed.

Good wishes to all MMTs

[StockMarketFunding]

@LondonCrusader thanks for the comments LC, it's not that we're so generous to give the super committee members credit so much as the bull is so desperate they'll spin anything they can to get the futures going and rally started.

[xBLACKxOPSxSECRETSx]

Im gunna buy the 3x bear if it starts crashing ...

[StockMarketFunding]

@xBLACKxOPSxSECRETSx nothing wrong with something that works during the break downs, most of them are extremely oversold on monthly charts

[DirectAccessTrading]

Super United States of EU coming to a country near you

[StockMarketFunding]

@DirectAccessTrading lol, thanks for the comment