Here You Go: It's Over..!

[jackovesk]

Here You Go: It's Over..!

The Market Ticker ® - Commentary on The Capital Markets

Posted 2011-11-21 11:14
by Karl Denninger

We're done folks.

CNBC is reporting that there are now clients running out of the markets entirely because they do not believe their customer funds are safe.

That's the end of it. The belief that there are more MF Globals has now taken hold. The thieves have pushed it too far and now we've got the start of a global liquidity run, and with good reason.

The authorities both in the regulatory side and on the prosecutorial side have refused to put a stop to the thievery and now the risk factors have turned into realized risk.

The market is done folks. You can be right but if you make your bet in the markets, are right, and then get screwed anyway when someone steals the money and nobody goes to jail there comes a time when people begin to understand that it can happen to them and will unless they depart the market.

We're there folks.

Oh sure, there will be rallies and there will be selloffs. But there is no longer a market, there is no longer a thing to trade, and there is no longer a reason to believe that superior analysis will lead to profit or even safety.

This isn't just about speculators - it is also about farmers, shippers, airlines, manufacturing concerns, everyone in business who has a need to hedge.

More than four years ago I said that the government had to step in and demand that both off-balance sheet games be ended permanently and in all forms and that all derivatives had to be put on an exchange, without exception, and that every dollar of underwater position had to be backed by an actual dollar of capital in real money, held and known to be safe.

The regulators refused and now it appears that what was put up on a regulated exchange was effectively stolen.

Well folks, then none of your investment accounts -- not your IRA, 401k, not even your bank account -- is safe.

Diversification is a strategy but the risk remains. It is up to you to decide how much you're willing to risk losing to a crook. If the answer is "none" or you cannot reduce the at-risk portion of your assets to what you're willing to lose to fraud then you can no longer participate in the market at all, in any form, nor even do business with a bank.

That sucks, but it is what it is and if this meme spreads -- and it will until it's stopped -- we run the risk of a "sudden stop" economic event.

I hope you're ready for it -- I am to the best of my ability, and you ought to be.

http://market-ticker.org/akcs-www?post=197878

[Calz]

Some truth there ... but deeper truth is that the "sleeping masses" have their retirement hopes on their 401K accounts and are completely clueless as to what is going on.

401K monies make up a dramatic portion of the futures markets. Corn, Soybeans and Cattle markets (which have a legit reason for existance) pale in comparison to what money managers have at their disposal (pun intended).

Like any ponzi scheme ... the last ones holding the bag are out of luck. A vast number of people will succumb to a total trashing of their lifetime accumulations.

Having said that ... if fiat currencies (note the plural ... not sure which, if any, will survive) collapse then even those pulling out their monies are screwed.

Better to have tangible assets.

Best to realise what is really going on here and are prepared for "survival mode".

Optimal best is to view things from a spiritual perspective ... and that is up to you.

[modwiz]

I'm starting to hear that tin whistle from the Titanic movie playing in the ethers. Can you hear it?

[13th Warrior]

Posted by modwiz (here)
I'm starting to hear that tin whistle from the Titanic movie playing in the ethers. Can you hear it?

Aye! That be the "Gaelic Storm"

Source: https://youtube.com/watch?v=ozWYjLRI2P4

[Calz]

Simply put ... the old system has to go before something better (ie equitable for all of humanity as well as eco friendly to the rest of life and Gaia) can be created.

Be prepared for a bumpy transitional road ... but don't give into fear (too many others will be).

Time to celebrate

[modwiz]

Posted by Calz_Avaretard (here)
Simply put ... the old system has to go before something better (ie equitable for all of humanity as well as eco friendly to the rest of life and Gaia) can be created.

Be prepared for a bumpy transitional road ... but don't give into fear (too many others will be).

Time to celebrate

You have a lot of good things to say, Calz.

[jackovesk]

Posted by modwiz (here)
I'm starting to hear that tin whistle from the Titanic movie playing in the ethers. Can you hear it?

RATFLMAO- Geez your a funny bastard sometimes Modwiz...

I'm still laughing...

Source: https://youtube.com/watch?v=saalGKY7ifU

[RMorgan]

Well guys, I must say that, if this whole thing breaks apart, it wont be pretty.

Anyone who isn´t ready and prepared will suffer terrible consequences, so you better be prepared. Focus on water, food, shelter and self protection. Make a plan.

If you don´t have a rural property, far away from major urban centers, find a friend or relative who has and set things up with him, just in case.

The worse thing that can happen to you if this whole system collapses, is to be in a place full of people.

Cheers,

Raf.

[Lord Sidious]

I like this one better.

Source: https://youtube.com/watch?v=-IXvDNg9YYY

And, on topic, I agree, there are some rough roads ahead, but as with being ill, you often get worse before you get better.
Like a detox where the toxins are released from the body fat, organs and muscles, you then get them in the blood, making you feel like crap.
But, this is the first part to them leaving the body and you can't avoid it.
Once you are on the other side of it, you feel great and feel the sacrifice was worth it.
Just like this one will be too.

Helmsman, prepare for the jump to lightspeed.

Source: https://youtube.com/watch?v=1xkYtWXqSfI

Ready or not, here we go.

[CeltMan]

Oops, posted in wrong thread.

[Wind]

It is the time.