There is no crisis! We have complete control of market forces. Stability is assured!.........
Posted on 09/18/2008 5:15:34 AM PDT by TigerLikesRooster
Russian markets closed until Friday
Russia ordered its main stock exchanges closed for another day Thursday as President Dmitry Medvedev called for pouring 500 billion rubles ($20 billion) into financial markets in an effort to stabilize them.
The government is struggling to stem a dizzying plummet in share prices and restore confidence in the economy _ a plummet that has revived memories of the 1998 financial collapse.
"We have sufficient reserves and a strong economy, which guarantees the avoidance of any shocks," Medvedev said in televised comments.
(Excerpt) Read more at asia.news.yahoo.com ...
Ping!
Don’t tell Obama, he will blame McCain for the crash in the Russian Market also.
In just a few months the Russian market has gone from an index of about 2,500 to 1,100, but the 1,100 was when it WAS LAST OPEN for trading!
Looks like a concerted effort to desabalize the world economy.
Whos doing it and to what end?
To what end = one world order, one world religion, one world currency, and the mark of the beast to buy and sell
On the other hand, there could be somebody out there who wants to knock U.S. off, and exploited U.S. financial weakness to make it happen. If so, they failed to steer clear of its fallout. Because it is hitting just about any major country in the world.
There is no crisis! We have complete control of market forces. Stability is assured!.........
Whos doing it and to what end?
Does the name George Soros ring a bell? Did he use the money from the Quantum Investment Fund (which he controls) to "buy off" certain hedge fund managers and derivative traders to deliberately crash the US economy like what these same traders did the first half of 2008 when they speculated up the price of crude oil to totally unreasonable levels?
I agree! Here are the folks who IMO are in position to make it happen.
http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=FinalWarn05-3
If we elect Snobami and leave Nancy and Reid in control of congress, our markets will be closed more than they are open.
Anyone, who can’t see that, needs to be in a locked pysch ward on strong major tranquilizers for their protection and those around them.
See link at #9
Hey Putin, you classless ass, seems your invasion of georgia has worked wonders for ya there fella.
How many billions of investment has fled your third world cesspool since you invaded? Throw in a little world financial trouble and wella, you’ve lost more than half its value.
Soooo, what little country are ya gonna invade next you bonehead
Looks like a concerted effort to destabilize the world economy.
Who’s doing it and to what end?
Possible Explanation?
http://www.energycreditmonitor.com/2008.09.01_arch.html
per the WSJ:
The decline from the all-time high in May wiped out $680 billion in value; Russia’s entire GDP was just $1,286 billion as of last year.
Each of the past three days, the Russian central bank injected over $10 billion into the money market, and also moved to prop up the ruble. The Kremlin yesterday lent the country’s three largest banks $44.9 billion. Thanks to the oil and gas windfall of the past few years, Russia has built up a $573 billion reserve war chest that can tide the financial system over for a while.
The Russian state breaks even at $70 oil.
$573b sounds like a lot, but they are going thru it pretty fast.
By the way, my suggestion that Soros is behind this is not as crazy as you think. Look at how he deliberately manipulated British pound in 1994 and how he manipulated Asian currencies to cause the Asian financial crisis of the late 1990’s. I’ll almost bet he “bought off” enough hedge fund and derivatives traders to first drive up the price of crude oil to unreasonable levels and that same group is deliberately short selling to crash major financial companies like Lehman Brothers, Morgan Stanley, Merrill Lynch, etc. The next step could be a direct short-selling attack on the strongest institutions, which could include Allianz in Germany, Bank of America here in the USA, several major banks in Japan, and even the Bank of China itself.
Ping and bump.
Interesting thread.
He has been up to no good ever since his Spetnaz troops smuggled Saddam's WMDs to Syria. Bush ought to have spill the beans about his good buddy 'Putie' in 2004 or 2005 or whatever. And Condi Rice is a Russian speaker _______? Heavens to Betsy!
This is what Russia may look like by 2010:
Some times I go to bed early at 9-10 pm, and sleep like a rock for about 6 hours and then get out of bed.
I also had some financial stuff to finish and tocorrect to firm up our household for the financial storm that is hitting around us.
It is past time for the Russian Mafia and the good people in Russia to take out and dispose the Putin/Left over KGB garbage.
“per the WSJ:
The decline from the all-time high in May wiped out $680 billion in value; Russia’s entire GDP was just $1,286 billion as of last year.
Each of the past three days, the Russian central bank injected over $10 billion into the money market, and also moved to prop up the ruble. The Kremlin yesterday lent the country’s three largest banks $44.9 billion. Thanks to the oil and gas windfall of the past few years, Russia has built up a $573 billion reserve war chest that can tide the financial system over for a while.
The Russian state breaks even at $70 oil.
$573b sounds like a lot, but they are going thru it pretty fast.”
Isn’t the underlying problem in the economy the bad debt as a result of easy money?
What measures would a hedge fund manager take if he wanted to crash the economy?
I thought the beans were spilled on that? I remember threads about that here at FR.
The Danger is Not Fully Appreciated
Excerpt:
And then there is the economic game, intended to push capitalism over the brink. It is not that Russia has caused the West’s economic problems. But Russia’s mastery of clandestine instruments provides a tool for pushing the West as it totters on a financial cliff. According to an Associated Press story, titled “Study Links Oil Prices to Investor Manipulation,” a curious coincidence emerges in the data. Analysis shows that a massive “stampede for the exits” in the oil market began on July 15. This date marks a turning point in Russia’s strategic direction, when the Russian president gathered all his country’s diplomats to a meeting in Moscow.Bush gave his economic 'pep talk' this morning. I saw all of it and he was not very peppy. His facial expressions were depressed. He was not animated or upbeat or positive. His intent was to stimulate confidence and the DOW went down slightly in response. But the Plunge Protection Team may have sparked a 30 or 40 point jump later.A clever analyst has written to me on the subject of oil price manipulation: “What if the rise in oil was deliberately done in a coordinated attack? Using multiple business fronts, using foreign government monies, using lies about production levels to drive up the price to the bin Laden price of $144 to hurt the U.S. economy and sucker everyone into a long position in oil, then drop the bottom out of oil….” * * *
In my view, Bush is acting 100% like a lame duck. He is limping toward his exit carrying the burden of all his mistakes like a bag of rocks. IMHO, he could turn everything around if he told the truth about Russia. Bush might even assure McCain a victory if he tried.
But nobody listens to me . . .
Well, at least they are up front now.
This is getting kind of scary...Russian, Britain, United States all in economic turmoil. Wish I knew what it meant.
'My neo-Soviet empire is shtuped!!'
$600 billion is nothing at all in this crisis. The Fed went through $800 billion in less than 6 months and we've got lots more failures to go. Of course, nothing is the size of Fannie and Freddie, but we still have lots of failures to bail out yet.
One thing about it, oh Georgie Boy really knows how to work the system. (he has the *system* and the influence at his disposal as a director at the CFR)
Sound familiar?
“During the 1920’s, America enjoyed a decade of prosperity, fueled by the easy availability of credit. Between 1923 and 1929 the Federal Reserve expanded the money supply by sixty-two percent. When the stock market crashed, many small investors were ruined, but not “insiders.” In March of 1929 Paul Warburg issued a tip the Crash was coming, and the largest investors got out of the market, according to Allen and Abraham in “None Dare Call it Conspiracy.”
With their fortunes intact, they were able to buy companies for a fraction of their worth. Shares that had sold for a dollar might now cost a nickel, and the buying power, and wealth, of the rich increased enormously.”
Read more here.
http://www.conspiracyarchive.com/NWO/Council_Foreign_Relations.htm
The $573b was Russia”s money, not the US’
Yes, I understood that from your post. I was merely comparing the size of Russia “reserve war chest” to the amount of money we have already thrown at the crisis. $800 billion to stabilize the crisis yet it has not stabilized and looks to be growing more dangerous. So my point was that Russia’s $537 “reserve war chest” may not have much of a stabilizing affect and they are going to need far more when all is said and done. I made that point by demonstrating how little stabilizing we have gotten from the Fed $800 billion infusion.
Wanna bet?! Bump!
sw
Thats an interesting link that leads to many more.
Thanks
Got it saved in my favorites for future references.
I too just recently found it.
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