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French Bank freezes US funds;Stocks Plunge on Rising Credit Anxiety

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posted on Aug, 10 2007 @ 07:26 AM
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Originally posted by djohnsto77

Originally posted by Cynic
Yes, it's the Dow Jones Industrials, not the banks, and it does not account for sub-prime lenders. The chart is pretty, but useless in this case.


The DJIA includes several banks/financial companies that are directly affected.

That said, the DJIA is not a really good average to use, for a number of reasons. The S&P 500 is much better.


Indeed. We can pull up almost any large index: S&P 500, Nasdaq, Russell, etc. and find the same pattern. The the markets have but largely up for the year despite recent sell offs. Even if it continues today, there is still a gain overall.

These doomsday threads are silly. No one creates a thread when the DJIA goes up 300 points - only when it goes down 300 points a week later. It's partly the media's fault, for the huge headlines that influence people that do not have much experience in the markets.




posted on Aug, 10 2007 @ 09:13 AM
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Originally posted by radardog


Indeed. We can pull up almost any large index: S&P 500, Nasdaq, Russell, etc. and find the same pattern. The the markets have but largely up for the year despite recent sell offs. Even if it continues today, there is still a gain overall.

These doomsday threads are silly. No one creates a thread when the DJIA goes up 300 points - only when it goes down 300 points a week later. It's partly the media's fault, for the huge headlines that influence people that do not have much experience in the markets.


Your forgetting the housing market...especially the sub prime market....regardless olf it's connection to the S&P and the DOW, a downturn or rather Armageddon as is happening now will affect all markets, again as has been obvious.



posted on Aug, 10 2007 @ 09:20 AM
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Foppezao
And the funny thing is, as the ECB pumps more and more money, the stocks keep falling cause the speculators know something is really wrong then..still good they do it though..


The question is: Is this really a good idea?
An economist(Duinhoven) on the news came with the notion that he thinks it is a bad move from the ECB to come up with this money. He says that the hesitation on the financial markets to back up more financing is a normal and healthy attitude. He calls it a natural correction on a too easy spending spree from financers. The last years we finance giant project after project, he says. It has to stop somewhere. The reaction from the ECB is not necessary and it spreads a panic, because every dealer on the market thinks there is something very wrong.

So, if this is true, why would the ECB do it. They aren't nuts, I guess. It can't be that they are doing this to spread panic, is it? Or do they? They say they want to ease the market. Hum, what's your guess?

It seems a bit like an old fashioned Sovjet thing this ECB reaction. A centralist thinking control freak attitude.



posted on Aug, 10 2007 @ 09:23 AM
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Question:-What's happening to the markets?

Answer: Greed and manipulation

1. Too much funds in the world looking for better returns

2. Subprime lending as a tool towards better returns

3. Turns out to be a foolish money making venture - high risk borrowers are low or nil return assets. But not foolish to a manipulator who set it up.

4. The quantity of high risk borrowers are high, the numbers alone looks attractive in the begining, just earn a few % from them and fund management corporations will be able to justify high returns for client's investment, which is how the corp earn their commissions.

5. Subprime is also good cos it will push up property values, enabling millions to make more money outta homes or property stocks. - fund managers at it again to benefit.

6. When the bubble and champagne party bursts, govts will have to inject funds to prop up market confidence - again, fund managers selling of at a high before it collapses, benefitting from it again.

So, who is responsible for the crash? look no further, its your friendly neighbourhood fund manager ( a conman in a double vested suit ) laughing away at some bahama island, cooking up another concept to generate funds for his investors while the rest of us roast in pits of bankruptcies or lost our jobs.

Look out in newspapers advertisements on those funds management corps that promises returns above bank interest rates. The higher the rates they advertised, they are the ones responsible or ask around rich folks which corp they invest their monies in.

Edit: The problem with govts is that they always believed that attacks are carried out by nation states. I had thought that after 9/11, they would have understood military guerilla warfare, acts committed by individual teams not link to any soveriegnity.

After many times of economic crises, govts built up their economic warchest of huge fund reserves, believing it can prop up the market.

Govts around the world's reaction to this crisis again sadly is predictable, doing exactly what the globalised international economic guerilla fund management corps expected, protect their market by shoring it up with taxpayers monies, playing directly into their hands - fund mgmt corps taking the cream of profits, while govts using taxpayer monies to prop up a fleeing market, seeing its reserves diminishing everyday, going into debt.

Sigh...govts better start thinking outta the box and buy over or infiltrate cash rich fund management corps for info if it hopes to protect taxpayers and future generations monies.

On the military warfront its nations against terrorists. On the economic battlefront, it's nations against global fund mgmt corps. And caught in the middle it's us the little guys worrying about household bills to survive.








[edit on 10-8-2007 by SeekerofTruth102]



posted on Aug, 10 2007 @ 09:32 AM
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I CANT WAIT UNTIL THE FAT CATS BLOW UP!

SMASH CAPITALISM!

----------------------------------
You have a U2U

The Use of ALL CAPs All Members Please Read

www.abovetopsecret.com...

[edit on 10/8/07 by masqua]



posted on Aug, 10 2007 @ 09:44 AM
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Original article


China threatens 'nuclear option' of dollar sales

By Ambrose Evans-Pritchard
Last Updated: 1:41am BST 09/08/2007

The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.


Is it possible that the ECB is trying to be a middle man in this fight?
Throw so much money on the market that China is less worried about the US market ties? Does anyone with a macro-economist brain has something to say about this option?

[edit on 10-8-2007 by Pjotr]



posted on Aug, 10 2007 @ 09:50 AM
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Originally posted by djohnsto77

Personally, I don't think it would take that long to change wedding planners, stock brokers, and Starbucks coffee pourers into riveters, miners, and builders of a wartime industrial economy if that is what is needed. We did it before, we could do it again.


That is a sad, sick solution. Send our youth off to get blown up and killed.

I would like to see you leading the charge, every time our children go to war.

Get it straight people, war is not the solution. That will place the poor in harms way to protect the wealthy citizen's way of life. You can't sell that garbage any more.



posted on Aug, 10 2007 @ 10:16 AM
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This has been the top story on the BBC website all morning,
but its now on BBC24 channel.

(Skynews are not showing it...they hardly report important news..*coughs* murdoch *coughs*)

It does seem, the European news are taking this more seriously than their American counterparts.

[edit on 10-8-2007 by infinite]

[edit on 10-8-2007 by infinite]



posted on Aug, 10 2007 @ 10:35 AM
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The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.


If I can find it somewhere, I did call this scenario back in January.

The USD has been the $ of choice for international trade. At this point, China may have more USD than the US Government. It was only a matter of time.

I tried to warn people in 1999, but they all laughed at me and told me I didn't know anything about money trading. It wasn't the money trading that was the problem.

Trying to produce products that have more proffits, to sattisfy investors, forced corporations to look at cheaper ways to produce these products. There was no thought about what this would do to the grass roots of the US. The only concern was more proffits.

It looks like the people were shooting them selves in the feet, to get more money.



posted on Aug, 10 2007 @ 10:43 AM
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Skynews have just mentioned it now...

The pundits asked the right questions,

should we panic?

Has America borrowed too much money and cannot afford to pay it back?

Foreign investors leaving America?

sadly...breaking news prevented us from hearing answers



posted on Aug, 10 2007 @ 10:52 AM
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From the BBC...



Analysts say the crisis could make it harder for banks, firms and consumers to get access to loans and cash.

If this persists, it could lead to a global recession.



posted on Aug, 10 2007 @ 11:01 AM
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With house prices still at over-inflated values, how might the situation spread to the UK and what could be expected?



posted on Aug, 10 2007 @ 11:09 AM
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Originally posted by Muppetus Galacticus
With house prices still at over-inflated values, how might the situation spread to the UK and what could be expected?


Global banks have invested in the sub prime market,

Foreign investment is causing it to spread back to Europe.

With the banks suffering losses on the stock market, they cannot lend us the money.

And with interest rates in the UK, predicted to hit 6%, things are about to get ugly.

Many won't rule out a global recession.

[edit]

FTSE 100 closed nearly down 4%


[edit on 10-8-2007 by infinite]



posted on Aug, 10 2007 @ 11:10 AM
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the UK leading stock market, FTSE 100, is now down nearly 3% for the year.

majority of the European stock markets are down for the year as well.

all gains have been wiped out for the year.



posted on Aug, 10 2007 @ 11:24 AM
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And ladies and Gentlemen this what China's goal has been for quite sometimes while allowing Bush to borrow money to finance its war in the middle east.

The more Cheney and Bush keep pursuing a confrontation with Iran the more China will tie the rope on US financialy.

Now the recent threads of china that do not necessarily have to be about wagging war against the US militarily it means wagging war where US is now more vulnerable than militarily, Economically.

Anything China said is taken very seriously by the rest of the international communities that invest on the weak dollar.

Nobody wants to lose money when it comes to business, so they will dump the dollar and US in a hard beat if somebody else can guarantee a more stable currency.

US will not dare put sanctions against China for what its doing, because all China has to do is sell some of his dollars holding to cause the final downfall of our once mighty dollar.

Pity.


[edit on 10-8-2007 by marg6043]



posted on Aug, 10 2007 @ 11:27 AM
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Fed adds 16 billion to balance crisis.

invent some more cash, that'll help...



posted on Aug, 10 2007 @ 11:37 AM
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Originally posted by acegotflows
Fed adds 16 billion to balance crisis
invent some more cash, that'll help...


That is the problem, our economy is manipulated to look and feel strong, but is all fake.

How much more the Federal reserve wealthy families are willing to lose to keep markets looking good.

They will not keep up with this for long waiting for the markets to pick up by themselves.

American is a nation of consumers people use their money to buy goods not to save and invest.



posted on Aug, 10 2007 @ 11:46 AM
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Originally posted by acegotflows
Fed adds 16 billion to balance crisis.



They don't learn, do they? The best solution is to let the market correct itself.

1. Stop injecting taxpayers and future generations monies into the market, govts will only bankrupt their country. There isnt enough national money to fight combined globalised fund mgmt groups who are stocked to the hilt from unions, mutual funds, retirement funds, you name it.

2. Do not bail out any companies or banks. Let them pay the price for mismanagement.

3. Use the funds instead to prepare for recession by creating jobs, creating low cost homes, creating entreprenuer support opportunites,etc.

4. Let the dollar slide, let it lose its dominance and then it's export will be in demand. American goods are not inferior to any other nation's anyway. Thus, production will still continue, no need to lay off too many folks.

5. Pass a law to control the activities of cowboy globalised fund mgmt groups.

Humans can and will always be able to adapt to any situation. Kick a fuss, moan a bit and life goes on. But once the market correct itself, with the right actions, any nation will grow back to its pre-eminance.

The theory is that the country's reserves can be better use for its citizens to help rebuild a stronger nation than to go bankrupt and help none at all by propping up bad stocks using good money which will ultimately flow to fund mgmt groups which is what the feds and other nations are doing right now.

But then, who would listen to my ideas? - I'm just a roadsweeper.



[edit on 10-8-2007 by SeekerofTruth102]



posted on Aug, 10 2007 @ 11:47 AM
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Originally posted by marg6043
US will not dare put sanctions against China for what its doing, because all China has to do is sell some of his dollars holding to cause the final downfall of our once mighty dollar.


I understand that and support your view,

but this current sell off has nothing to do with the Chinese.

when the Chinese make a move, it will be MUCH worse than this.



posted on Aug, 10 2007 @ 11:58 AM
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they're good at inventing funds. Isn't that the whole issue in the first place? It's past correction in my eyes b/c of how weak the dollar is and the fact the only investors in it are China and the American people themselves. It's not looking good...



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