It looks like you're using an Ad Blocker.

Please white-list or disable in your ad-blocking tool.

Thank you.


Some features of ATS will be disabled while you continue to use an ad-blocker.


Why the Worlds Major Banks are on the Verge of Collapse

page: 4
<< 1  2  3    5  6 >>

log in


posted on Oct, 9 2008 @ 10:16 PM
reply to post by cpdaman

Truckers only have to worry about keeping their tanks filled and their insurance paid up. If they manager their finances responsibly they'll have no problems as they're usually paid for the loads they haul within 15-21 days of delivery. The problem I can see happening in the transportation industry is with the shippers and the brokers that book them. Those are the guys that operate off of credit.

posted on Oct, 9 2008 @ 10:17 PM
This is so frustrating.. Every time I try to figure out a way out of this it seems that I turn into a socialist.

posted on Oct, 9 2008 @ 10:21 PM
Okay, if we're not headed for a great depression oh great one, tell us please, What the hell ARE we headed for???????????

posted on Oct, 9 2008 @ 10:45 PM
Thank You So Much Power_Semi..

This Makes it so much clear , so that those people that play the blame game understand whats going on...

I must get this out of my chest because it sickens me to think that people can think this way but actually some people NOW are blaming everything on the Illegal Aliens , I DONT KNOW any Illegal Alien but from what I have seen they are the most humble people and certainly they don't sit around in offices cashing big money with out knowing how to put up a wall or build the famous houses that people now are dying to own...

They do the work that most people here in American Won't and most important CAN'T do for a little pay check on top of that these people come to work not to do DRUGS like some many people born here do....

If people keep blaming the poor like this then I will be one of those people that sit around and start laughing saying, they(those that blame without having a clue of what's happening) had this coming for being so racist...

But thats not me I am humble myself, dont force me to chance with radical statements like that.

posted on Oct, 9 2008 @ 11:09 PM
As Dick Cheney so eloquently said it, "So"? Take care----------------PC

posted on Oct, 9 2008 @ 11:14 PM

Originally posted by cpdaman
what happens when the trucker can't use his commerical credit for loading up the 18 wheeler with food for delivery to the grocery store?

Runs the red light, gets a ticket -- and his AIG insurance premium goes up.

posted on Oct, 10 2008 @ 12:05 AM
When the president comes out in public and says this is bad, the is ten times
worse then he lets us to believe. I dont want to be a conspiray creep, but in my country ( Romania that is) i have learned that te ones that have the power are the rich people, and i think that aplies to the entire world. I have come to this conclusion becasuse in my country the coruption is in your face, they dont buder to hide that like in most civilesed countryes were they least keap a level of apearence and deacency. But as i informed my self even more i had come to the conlusion that in the hole world is the same, those who have the money control everything, including gouverments. Thats why i believe that this is a generated crisis, not just something that happened. The ones that will not be affected by this are the one who have liquid money, not invested in land, shares and so on, for example donald trump must be in pain right now, but i dont care. If you want to find out who is responsible for this just do some search and find out who are the persons with most money IN CASH. In my opinion, i think this will last a some time, but things will eventually come back to normal, but i wouldnt be suprised if it dose not happen that away. Only one thing is for sure THE ONES WHO HAVE THE POWER WILL HAVE EVEN MORE.
PS. sorry for my bad english

posted on Oct, 10 2008 @ 12:54 AM
These "swaps" were total BS. They are why we are in this mess..Good post

posted on Oct, 10 2008 @ 12:56 AM
reply to post by karamazov feodor

No big deal you spell better than I do most of the time....I agree, and it has always been like that. There are haves and have nots. There are just too many of each right now...It will correct itself and the rich will get richer. While the rest go back to cleaning their bathrooms. Just the way of the world.

posted on Oct, 10 2008 @ 01:33 AM
Okay besides the great info giving in this post. Does anyone else sense that the whole Financial Crisis is a complete fraud? And when I say fraud I mean like totally made up like 911 so that the powers that be can excute some other huge plan? Something isn't right. It's like when we were forced to watch Britney or Paris every night to distract us. But Maybe I'm leaning too much to the conspiracy side.

posted on Oct, 10 2008 @ 02:02 AM

Originally posted by Power_Semi

Around the world, banks must comply with what are known as Basel II regulations. These regulations determine how much capital a bank must maintain in reserve. The rules are based on the quality of the bank's loan book. The riskier the loans a bank owns, the more capital it must keep in reserve. Bank managers naturally seek to employ as much leverage as they can, especially when interest rates are low, to maximize profits. AIG appeared to offer banks a way to get around the Basel rules, via unregulated insurance contracts, known as credit default swaps.


[edit on 9-10-2008 by Power_Semi]

Looks like we've been broke since January

Federal Reserve document dated October 9, 2008

Adjusted for changes in reserve requirements(1)
Seasonally adjusted unless noted otherwise
Millions of dollars
Date . . Nonborrowed . . Required
Sep . . 41101 . . 40934
Oct . . 42182 . . 40977
Nov . . 42258 . . 40927
Dec . . 27244 . . 40905
Jan . . -3510 . . 40509
Feb . . -17353 . . 41080
Mar . . -50232 . . 41313
Apr . . -91847 . . 41719
May . . -111647 . . 42122
June . . -127905 . . 41100
July . . -122316 . . 41371
Aug . . -123492 . . 42599
Sep . . -187309 . . 42745

[edit on 10-10-2008 by Dbriefed]

posted on Oct, 10 2008 @ 02:08 AM
dax and ftse down 10% in 6 minutes

posted on Oct, 10 2008 @ 02:10 AM
Whoops, forgot to add October. It more than doubles September.

Date . . Nonborrowed . . Required
Oct. . . -363136 . . 43879

posted on Oct, 10 2008 @ 03:12 AM
reply to post by karamazov feodor

Feodor, do you remember how Ceausescu appeared on the balcony back in 1989 before the crowd? Here, the president would never make a mistake like that. It's all TV speeches uninterrupted by boos from the listening crowd. The way folks get screwed here has been perfected over the long years. Among other things, you bullsh-t the folks with perfect, collegiate English and a smile.

Here's the list of the super-rich, power-wielding individuals:

Feodor, we must spare Bill Gates: No Gates, no Windows, no freedom of speech, no cyber forums where we can bitch out our minds all the way to a mental asylum.

posted on Oct, 10 2008 @ 07:49 AM
Thnx for the explanation op.

I love how Bush sr was the first to use the term NWO. Now in the last year of his sons 2nd and last term the bottom falls out of the market. This is an opportunity for the elite to consolidate wealth.

posted on Oct, 10 2008 @ 08:40 AM
The only thing I have to say is, bulk up on the gold and silver while you still can and hope this blows over.

posted on Oct, 10 2008 @ 09:27 AM
There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.
- Richard Feynman

Trillions of dollars have been lost in the the market in the past few day, but it is okay because they never really existed anyways. In the fractional banking system that the Fed uses, there is really only enough cash to cover 3% of all the currency in the world. Most loans are made on imaginary money and with this melt down we really didn't lose anything. Just a lot of people losing imaginary money and their imaginary wealth. Economic fall out is going to long hard and painful and lets hope we can walk away from this a little wiser and a little more weary of the stock market.

Going back to the quote, they had to add a 1 to the front of the national debt ticker in time square. Is it absurd that we have created more money then there are stars in the heavens. Can we even begin to comprehend how much physical currency that would take. I am sure we could fill up the Sears tower and still need to find a place put the rest of it.

posted on Oct, 10 2008 @ 10:04 AM
just been to get my cash out of citibank...i got mine...the lady next to me was told that she couldnt have hers as that was it....none left..she wasnt happy at all...

seems i got lucky..

posted on Oct, 10 2008 @ 10:17 AM
The credit default swaps auction is on for the Lehman stuff - first offers 9.75% - ie, under 10c in the $ or a 90.25% loss for the sellers.

Now if the insurers can't pay up either then it has a knock on effect, more downgrading, write offs, & busts .... but what are the chances of that happening

PS, final result is around 2pm US time.

PPS I think thats around a $350 - $400 Billion loss.

PPPS there are apparently more sellers than buyers which could make it worse.

[edit on 10-10-2008 by Power_Semi]

[edit on 10-10-2008 by Power_Semi]

posted on Oct, 10 2008 @ 11:37 AM
reply to post by Anonymous ATS

I am a bit amazed my anonymous post was not censored, so I am going to paste the rest of what I had to say, which by the way, is always being posted elsewhere because I have been censored so often here.
...Yes, I am telling you that all our Presidents with few exceptions were bought and paid for liars, cheats, thieves and in a few cases Mass Murderers.

Sure, there are exceptions to every rule and every extreme and I am painting an extreme picture here but, there are plenty who will discount and drag what I say back the other direction with examples, exceptions and excuses but, my goal in writing this is not about be "Fair" it is about telling you what is and has been in the "Hearts and Minds" of the Wealthy Elite...I mean Really, and I am not talking about Donald Trump or Opra and I to some extent am not talking about the Queen Mother, although I have no doubt that Lady Diana is dead because she went too far in mixing with the dirt of the world. Yes, I am saying most are considered common dirt by those who really own this world. Do I know who these people are...I know some families and have been at gathering where what was really thought about America and the world was said but, I have no interest in name dropping and if I really knew the heart of it all and who was who, I would not be swimming in this Soup you are all so proud of, with the rest. I got myself excommunicated years ago when I married a Russian/Belarussian and decided to "Stay Amongst Them" here in California and those in my family who would now defend me are dead and so, I will die here with the rest of you.

But back to the point of what I am leading up to. The true Power in this world has long since decided that mankind is dirt, fodder. There are few exceptions; White,Black, Christian, Muslim. You will note I did not mention Jew but I could have because many of the Jews are considered lost. Anyway, if you look to the "House Of David" and their descendants, you will find many of them today do not look very Jewish, just like me with my Auburn Hair and Green Eyes....Obama has some of the same blood...did you know? So does Bush and Chaney and Prince William but, being of the "House Of David Bloodline" means little but, like walking through a metal detector, it is an ingredient all must have to get a chance at real power; the rest are just tools, puppets, go-fors, minions, front-men.

I am getting off of the point I was driving for here but, I will try to get it said now.

You wanted "Equality" got it. You wanted Inter-racial got it. You wanted Gay Marriage and got it. You wanted this Religion or That got it. You wanted a 3,000 sq ft house onm a zero lot line and a new got it. You wanted a choice for who run your got it with the democrats or republicans. America and the Western World have gotten what they asked for and have sold their souls to get it and now reality is coming...what you really are is going to be brought out into the light of day.

Don't be mistaken, I am sailing on this ship with the rest and if I knew a way to go back and join the other side, I would but, it is my "karma" like the rest to sink and swim with the choices I have made. But again I am off the points I am trying to make here.

Not all but few of you when you who read this, if search you hearts, you will know that we have been living with much that in our hearts we felt were lies. If you are a White Anglo Saxon of any breeding you know in your heart that you don't want your daughter married to a Black or Indian or Mexican; that "Equality" is a lie, that Homosexuality is an abomination; do I need to go down the list of lies many of us have not only allowed, lived with but in most cases embraced? Do your own list for your own reality check. We have sold our souls and integrity for cheap crap.....

top topics

<< 1  2  3    5  6 >>

log in