Why the Worlds Major Banks are on the Verge of Collapse

reply to post by cpdaman

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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.

This is so frustrating.. Every time I try to figure out a way out of this it seems that I turn into a socialist.

Okay, if we're not headed for a great depression oh great one, tell us please, What the hell ARE we headed for???????????

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.

As Dick Cheney so eloquently said it, "So"? Take care----------------PC

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

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

These "swaps" were total BS. They are why we are in this mess..Good post

reply to post by karamazov feodor

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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.

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.

www.federalreserve.gov...

Looks like we've been broke since January

Federal Reserve document dated October 9, 2008


[edit on 10-10-2008 by Dbriefed]

dax and ftse down 10% in 6 minutes

Whoops, forgot to add October. It more than doubles September.

reply to post by karamazov feodor

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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:
www.forbes.com...

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.

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.

The only thing I have to say is, bulk up on the gold and silver while you still can and hope this blows over.

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.

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..

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.

www.reuters.com...

[edit on 10-10-2008 by Power_Semi]

[edit on 10-10-2008 by Power_Semi]