Central bank of Hungary privatizes gains and beefs up its private army.

I think it is "interesting" if not telling that a central bank should be allowed to have its own 100+ man "security force" (AKA private army).  Check out this article on the central bank of Hungary.  Despite the fact that the bank is actually insolvent and despite the fact that any losses it shows are covered by the public and despite the fact that it is supposed to turn its gains in to the government, the central bank of Hungary is using a temporary accounting gain due to currency volatility to claim a profit which it should be allowed to spend on commercial offices, private villas, art work and likely many other things which will simply disappear from the balance sheet once the Hungarian people begin to go, well, hungry.

They need this additional protection due to the rise in terrorism.  Of course, when kings and nobles of old would steal their serfs to the point of starvation, they too would become worried about a pitchfork revolution.  They too would criminalize anyone who tried to defend himself from ridiculously overt mistreatment.  They too would build up a huge "security force" and then use it to subdue and subjugate the essentially unarmed masses.

Well history repeats.  Kings now wear suits and ties and castles are just huge buildings with granite and glass exteriors.  The kings and lords still know they are ripping off the serfs (AKA the middle class) and the serfs are becoming increasingly restless.  Nobody knows the timing of future events with certainty which is why long term charts are mainly for sport.  I trade the data in near real time and do just fine like that.  But if Prechter's view turns out to be right and stocks begin to freefall then it will not be anything for the normal middle class to fear.  It will be the signal that the castle walls are falling and the kings and lords will soon be dragged into the streets to face the music for what they did.  Again, nobody knows the timing for sure but I have not waivered from my view that the entire system is a Global Debt Ponzi and no Ponzi ever lasted forever.  It will collapse at some point.  When, not if.