october 7th,doomsday tomorrow?

Hear, Hear!

 

if the world is falling apart at it's seams, who is going to stop me from driving?

 

It is not simple and I do not pretend to know exactly what is happening and what is needed and I am totally aware that there are lots of junk funds floating around and being sold over and over again, but I do believe that a goverment injection can stabilize this troubled economy and give banks time and money to sort things out. Better yet, have independent experts filtering and sorting some things out. If there is no financial injection I believe it keeps going down and down and it is a lose-lose situation. Over here in the Netherlands our government has taken over Fortis, a large bank. I don't believe a government should interfere in free market like that, but I still believe it is better to have a state-owned bank than to have a broken bank.

 

in the last two weeks the governments of the world have intervened with cash injections to the tune of close to 2 trillion dollars.. and where did the stock market go in the last two weeks?

there IS NOT enough cash in all the world to solve this virtual or not.
you are talking,once again a discrepancy in the global books of somewhere between 50 trillion and 350 trillion dollars bird..(no one really knows for sure,thats how bad it is)
you can not throw that much money virtual or not into the system without it causing its own meltdown zimbabwe style...

and on the flip side throwing a trillion a month or so at it is only prolonging the crash and assuring that it will be deeper than if they had done nothing..

im no expert either but i spend and have spent at least 2 hours a day following this meltdown for a year now and by all accounts that is the bottom line...

 

I hope it does crash. It needed to.

 

Injecting worthless paper into the markets is what caused this problem in the first place, combined with 40-year low interest rates under Greenspan. What we are seeing now is the the end result (or the beginning of the end result) of everything that's been going on for a very long time now, and deliberately at that.

 

anyone who truly wants to understand the financial meltdown and why it goes much deeper than just the banks can gain a great deal of knowledge by following this 7 part expose..

the first two parts are up now,after browsing them i can assure you just reading the first two parts will open your eyes a great deal to what is happening.

The world according to derivatives, part 1 of 7: Irrational exuberance creates global mayhem and mountains of taxpayer debt

The world according to derivatives, part 2 of 7: A Faustian bargain

 

I love your passion HHB.

 

I'm not. *tosses you keys to my corolla*

Go get 'em seizure boy.

 

Why do you build me up? Buttercup baby, just to let me down!

*twirls around dance move*

And mess me around! And worst of all -- you never call baby when you say you will!

But I love ya still!

Ba-da-da!

 

a good read on credit default swaps here..

A Look At Wall Street's Shadow Market

god this is a HUGE clusterfuck.. if only there was a solution..

 

There isn't supposed to be a solution other than their pre-planned "solution" to the crisis they created by design to offer that "solution." No, it isn't a clusterfuck. It only is to the average person who must work and pay taxes. They're the ones who will get the shaft.

 

thats seizure MAN !!

 

there is no doubt that it is by design. it is IMO impossible for it to have came to this point any other way.. no one can fuck things up this bad without trying..lol


that doesnt change the fact that i wish there was a solution though..

 

The solution is enough people waking up FAST and learning how the system really works. I am not going to hold my breath, though.

 

Dude, stop predicting dates. It weakens your argument-

You are aware we have systemic problems, now sit back and watch events as they unfold.

(to the OP)

 

maybe after the third try someone will bite.

 

I agree, and that is what I said back on the second page.

 

P. Rat, I want to know what you are going to do in the said situation. I'm curious. I want to hear your answer to this.

 

Explain what you mean a little better.