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by Uglydog on 06 October 2008 - 19:10
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Respected investor W. Scott, owner of an equity holding company, estimates that 1000 banks will be going bankrupt within the next year. According to owner of Weiss Ratings: a well respected bank rating agency, "1,479 U.S. banks and 158 U.S. thrifts are at risk of failure, with total assets of $3.6 trillion, or 36 times the assets of banks on the FDIC's list of troubled institutions." |
by keepthefaith on 06 October 2008 - 21:10
Thanks for the response, Ugly.
I have been following your postings a while and frankly you have been quite prescient in terms of what has transpired with the economy. I, like you, read a lot of opinions and follow a few savvy advisors - one of them is Jim Rogers and another is Bill Gross.
Another person who was quite accurate in terms of what has happened is Jim Cramer though I don't follow him with any regularity because I don't care for his histrionics. I don't know if you ever saw this rant of his on CNBC when he was in a state of frenzy about the Fed's inaction:
www.youtube.com/watch - not sure if this link will work so if needs be cut and paste the link below
http://www.youtube.com/watch?v=cYPtCmdFCrc
Given what is happening in markets around the world, it seems like we are headed for a global recession which could be long and painful. I am looking to take defensive action with regard to my assets to minimize the impact of any major market decline. I too trade the futures markets though I am less active than I used to be in days gone by.
by yellowrose of Texas on 07 October 2008 - 00:10
pM'ED YA TONIGHT////
by yellowrose of Texas on 07 October 2008 - 00:10
Use this money to cover the $70 Billion Bailout Plan with $268.3 left over.
Read this!!! It will open your eyes for sure!!!
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Don't miss the Total at the bottom. WONDER WHY YOU DON'T HEAR MUCH ABOUT THIS IN THE DEBATES. NONE OF THE PEOPLE THAT RUN THE DEBATES (TV NEWORKS), WHO ASK THE QUESTIONS WILL ALLOW THIS TYPE INFORMATION TO GET OUT TO THE PUBLIC. THE DEMOCRATS AND THE REPUBLICANS GO HIDE WHEN THESE QUESTIONS ARE ASKED, WHY? WHAT COSTS MORE PER YEAR THAN THE IRAQ WAR?  by blueshep on 07 October 2008 - 00:10 When I hear that the money we spend on the Iraqi war could have been used to replace all roads and schools in the entire USA, I get a little pissed! I wonder what there getting out of the deal. F%&cking crooks............................. by Preston on 07 October 2008 - 00:10 Think you know where our dollars in the USA comes from? Do you really know? Do you really have a clue about the "mystery of fake fiat money vs. real money". Do you know what a debt based, privately owned and incorporated fractional reserve fiat banking system is and who owns it in the USA??? You can find out the truth if you want to search this out. There is no chance you will understand our current economic meltdown unless you understand what money is, where is comes from, how much interest we are charged to "rent it", what inflation is, what deflation is, and what happened in the weimar republic in Germany before WWII. Find out why Rep. Ron Paul has stated that the fed reserve is unconstitutional and bernake and paulson should be charged by a grand jury and arested. Less than 1% of the populace understands what our dollars are, how they are made from thin air, and the fact that they are legal tender by gov't mandate only and not actually real money, because dollars are only units of measure, and in our case the unit of measure is a measure of debt which bears an interest rate behind it. This video clip is just a brief introduction. If you want the full story, buy the book "the Creature from Jekyl Island" and read about Pres. Andrew Jackson and his valient and successfull effort against the banksters to "route them out by the grace of God". His succcess was short lived and in 1813 they came back with a vengeance. http://www.infowars.com/?p=5107
by Preston on 07 October 2008 - 01:10 Everheard of the shadow gov't. How about it's shadow investment system. Now revealed for the first time, a brief glimpse by ABC news show "60 minutes" into the subterranean world of high tech financial fraud, used to break down our economic systenm so that the new world order global system can be shoved down our throats. http://www.cbsnews.com/video/watch/?id=4502673n
by Preston on 07 October 2008 - 01:10 Watch the short video clip by Naomi Wolf, who says time is running out and a police state takeover is very near. http://www.youtube.com/watch?v=_XgkeTanCGI
by Preston on 07 October 2008 - 01:10 Shock tactics used by boosch to steal us blind. http://rawstory.com/news/2008/Naomi_Klein_Bush_admin_invented_no_1003.html
by Sam1427 on 07 October 2008 - 03:10 Oh come on. RPK had this problem and bailout nailed above. As for the 451 pages of emergency sellout, if you can't dazzle 'em with brilliance, baffle 'em with bullsh*t. Every pet porker languishing on some staffer's desk got tossed into the word processing hopper and out came this porcine monstrosity. I leave you with Cicero, and for "bureaucrat" substitute "congresscritter": "A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?” —Marcus Tullius Cicero
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