are you sure it’s this dire?
I remember reading this kind of thing years ago here at FR. Perhaps if FR could take over, all would be fixed! =)
Ah, but some folks will doubtlessly think....
...Buying opportunity, n'est ce pas?
.
I just checked on Schwab. Everyone is selling their Bank debt (especially Bank of America debt) at really, really deep discounts below par.
|
“Germany is very busy printing new currency up”
interesting.
I’m a bit worried that one of these authorities is named Mohammed, and another is named Atilla. Things that make you go Hmmmm.
That aside, I’m afraid they are right.
Reality is, we are a better country...a better people and the stench and ilk of Soros is threatening but cannot come to fruition...Obama will be gone soon.
On an aside, I love how my spell checker still flags Obama as a possible misspelling! Somehow that gives me comfort...and I never choose "Add to dictionary."
RE: #11 Ann Barnhardt
She is the young lady who has posted numerous vids on youtube dissing the pedophile prophet moe-ham-head and discussing the truth about Islam in general (vid of her reading a bacon bookmarked koran and burning the pages is priceless)
http://www.youtube.com/results?search_query=barnhardt+ann&aq=1&oq=barnhard
If Germany is printing up an alternate currency, why did the German Parliament vote 5 to 1 to support the EFSF with a hefty contribution?
OK ... bottom line ... Should I or should I not start buying more silver and gold?????
I keep hearing “hyperinflation” and “deflation” from the “Experts”.
Who to believe????
What's the process? Do the Germans replace the fiat German Euros with fiat Deutschmarks? If so, who sets the exchange rate and what is it based on? This could be a stealth devaluation.
Scary. What can one do?
That Ann Barnhardt sounds like a hoot. Check out the editorial on her website. Burning a Koran with bacon in it.
Boy that Ann is just little Miss Sunshine isn't she.
What Geithner does not want the public to understand, his dirty little secret, is that the repeal of Glass-Steagall and the passage of the Commodity Futures Modernization Act in 2000 allowed the creation of a tiny handful of banks that would virtually monopolize key parts of the global off-balance sheet or OTC derivatives issuance.
Today, five US banks, according to data in the just-released Federal Office of Comptroller of the Currencys Quarterly Report on Bank Trading and Derivatives Activity, hold 96% of all US bank derivatives positions in terms of nominal values, and an eye-popping 81% of the total net credit risk exposure in event of default.
The top three are, in declining order of importance: JPMorgan Chase, which holds a staggering $88 trillion in derivatives; Bank of America with $38 trillion, and Citibank with $32 trillion. Number four in the derivatives sweepstakes is Goldman Sachs, with a mere $30 trillion in derivatives; number five, the merged Wells Fargo-Wachovia Bank, drops dramatically in size to $5 trillion. Number six, Britains HSBC Bank USA, has $3.7 trillion.
http://www.atimes.com/atimes/Global_Economy/KD03Dj02.html
These numbers are from 2009. Presently the top five US banks are on the hook for over 250 trillion in credit derivative exposure.
BTW..is it any wonder theyre becoming terrified of free speech and the right to associate freely?
Kept we’re screwed all right.
Thanks for giving it to us straight.
To remind others here, there’s no one, big, single crash in a terrible decline, although cursory history lessons appear to indicate that. There are fluctuations, and it’s doubtful that we’ll see the dates of the biggest ones in advance with any accuracy. With machines and so many groups playing the short game, it’s harder to tell than ever before without inside information from members of those groups (also favored constituents of politicians and very globally oriented). And they lie. It’s part of how they make money.
And that’s why some of the broad behaviors in the market seem to make little or no sense. For example, downgrade the our currency with good reason (crazy debt regime), and our currency goes up. Another: the Fed makes an extremely desperate bond-swap move, and our currency goes up, further crushing US manufacturing and exports.
In short, we’re ruled by tyrants engaged in orchestrated insanities for their own personal interests, and they’re not really contributing to western production or prosperity. Extreme decline is imminent. They’ll either continue squeezing the dollar up to hasten the decline, as the debt regime has already gone too far. Or they’ll put it off a short while longer by devaluing the dollar.
And BTW, the stuff about China’s immediate decline is propaganda for placating the western masses that are about to erupt. The latest effort to hike the dollar unnaturally and internationally, and to crush oil prices, is an effort to try to continue the import regime (lowering freight fuel, Chinese prices, etc.). Watch for new floods of American unemployed. It’s the end of 2007 and beginning of 2008 all over again, but far worse.
Hold on to your pennies. Don’t buy anything.