BERLUSCONI : LEADERS MAY CLOSE WORLD'S MARKETS

Deudge ^

[TenthAmendmentChampion]

Glenn Beck said on his TV show the other night that European banks were leveraged up to 50 times their net worth! And the Europeans were laughing at the US and chiding us for our free market.

[ctdonath2]

That will in turn close your bank account for four weeks. Will that calm you?

[Danae]

Yes, that is exactly what we are in the middle of. And I am scared poo-less. Its as if much of america is going to become indentured servents of lending institutions with no job whith which to pay back that “Owed” amount. If the cycle continues, the next BIG wave to hit will be massive unemployment. And boy the Poo will hit the fan then.

[ThePythonicCow]

Maybe the ought to go back to gold

But Gold is down $100/oz in the last day, from a peak of $930 to $830. It went from about $900 to $830 in just the last three hours.

I doubt that any major rewriting of the worlds financial markets and currencies would be friendly to gold, just as previous major changes in the last century have given us gold bugs the short end of the stick.

[CodeToad]

I hope not. I am expecting to order some smoking deals on some stocks over this weekend.

[Danae]

Oh yes, I wish I had the $$ to get in now cause the $$$ to be made is gianormous.

[Danae]

Silver would seem more likely to me, though that market is more volatile.

[Danae]

Silver would seem more likely to me, though that market is more volatile.

[CodeToad]

Volatile stocks make for excellent day trading!

[ThePythonicCow]

Silver would seem more likely to me

You are responding to a post of mine that implied that gold would have its trading controlled or worse (confiscated again), by governments trying to regain control of the worlds currency.

What are you saying silver would be more likely to do?

Are you saying that silver would be more likely to be confiscated?

Or are you saying that silver will more likely increase in price ... if so, in what time frame are you thinking (hours, days, weeks, months, years, ...)?

[happygrl]

http://www.youtube.com/watch?v=A1fyaT8MWK4

[happygrl]

not to mention what time the time would be

It was a dark and stormy ight.

[happygrl]

I wonder what the terrorists are saying about this.

Ha! What are they saying about this?

It's their friends in the ME with deep pockets who can sweep in and scoop up any assets after the carnage.

It was just weeks ago that Al Qaeda threatened economic warfare.

[happygrl]

Yeah, it's like that thing with Pakistan: you don't SAY it...

[IonImplantGuru]

Here’s what needs to happen. Everybody forgives everybody else’s current debt. We start over tomorrow. Okay! Next problem, please ...

We don't start over until you pay me back that $100 you borrowed!

Then we can talk forgive and forget, eh?

[GOPJ]

LOL

[lentulusgracchus]

It is about time. Close it for four weeks until the insane panic wave will subdue and traders will use their brains again.

So what will businessmen needing their revolving credit facilities and bridge loans do in the meantime? Payrolls, ya know .....

[jveritas]

Stock markets are not for credit lending.

[gleeaikin]

“...a world at war, could be the end of us...”

Here is another scary piece of info. The World Bank has been totally cyberpenetrated. Preliminary info suggests the Chinese, but an Indian company planted spy software within the WB in DC. Before you pin the blame on China, read the whole article:

http://www.freerepublic.com/focus/f-news/2102285/posts