Just back from the water protest demonstration on Dublin: The rain cane down on us but the numbers kept growing and people’s spirits was high! The message was the same as it was in the last three large demonstrations We won’t pay again for water! But I noticed that the mood has changed it not just about water anymore now people want real change and a much more inclusive society we want our country back from the billionaire dictatorship and the puppets who are doing the dirty work on behalf of the hidden Troika! We do not want to see our friends and neighbours thrown out into the streets and evicted from their homes by corrupt bankers, we do not accept that the sick and dying must lose their dignity in some corridor in a rundown hospital ,we will not accept that there is no funds for schools, community services when politicians can expect the get lottery pensions and perks: Billions of tax discounts appear to be available to corporate insiders but the low paid workers cannot live on the pittance they get for a hard day’s work! Our natural resources are been sold off the well placed insiders! We must now accept we will no longer comply with the demands of crooks in Government or Europe! The Irish people will no longer comply!
This is the first time that the 50-day moving average crosses below the 200-day moving average since August 2011, creating the ominous-sounding “death cross.” The month following this ‘event’ has produced negative returns 80% of the time…
For the first time since 2011…
What happened in 2011…
2010’s cross was a bust, but 2008 was not…
I’m here to dissect the balance sheet of Morgan Stanley and demonstrate the solutions that I’ve invented to proof against what I see is an upcoming, nigh guaranteed collapse. Before we get to that, we need to come to terms with counterparty risk and exactly what it entails. Also realize that Morgan Stanley is not unique in any way, balance sheet wise. What goes for MS can go for any money center bank on the street.
Now… Counterparty risk, more commonly known as a default risk in some circles, is a risk that a counterparty will not pay as obligated on a financial contract – including bonds, derivatives, insurance policies, repurchase agreements, etc. Parties to a transaction may attempt to hedge this risk via offsetting trades or credit insurance, but a true offset or perfect hedge is rarely possible and is usually (in reality) non-existent. In addition, hedges are usually the most useless when they’re most needed due to issuess of liquidity, correlation, cross colateralization, rehypothecation, and macro/systemic disconnects.
Starting in 2007, I waived the counterparty risk flag for several financial institutions, nearly all of which collapsed within 3-6 months of my warnings – all having investment grade ratings and buy recommendations at the time of my warnings, by the way. Reference a sample of such warnings and the anecdotal notes that I pasted on about each:
The collapse of Bear Stearns in January 2008 (2 months before Bear Stearns fell, while trading in the $100s and still had buy ratings and investment grade AA or better from the ratings agencies): Is this the Breaking of the Bear? Notice the similarities between Bear Stearns in 2007 and Morgan Stanley today… Bear Stearns is below:
Just now in Wicklow Town
Sammy the seal has pop in for lunch at the fishman shop down in the south quay Wicklow Town Alan ( The Fishman ) tells me there will be a Free seafood demo with the fishman , Santiago ,Nicole and Maread tomorrow at 12:00 noon and all are welcome : Sammy the seal will probably show up some as well so bring the kids and good cheer!
Today’s unlawful arrest to a protester who is also a resident of the area, Garda Brutality at it again.
Please share this around everywhere!!
Garda knew they were in the wrong after the video and had a chat all together the Gardai and the Detectives including Detective from Dundrum Garda Station Kevin Clarke were going to attempt and take my phone as they were all walking towards me as because I had this video, but I knew what they were up to and cycled off. Detective car and squad car went after me when I left.
This happened in Llewellyn estate in Ballinteer, South Dublin.
By Thomás Aengus O Cléirigh
Here we have again the makeup law as you go along by the Gardaí against a peaceful protestor! We must note all of these blatant attacks on the constitutional rights of our citizens and bring these thugs to Justice after a new people’s government has been elected: These Thugs in uniform must be rooted out of the force and replaced with citizens who want to uphold the constitution and not the whimsical whims of corrupt billionaires and their puppets: All such criminal acts of the Gardaí must be brought before a court of Law and the perpetrators must be removed from the Garda force !