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10/9/08 - FSME Denninger Special Report - IT'S HERE!

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posted on Oct, 10 2008 @ 05:55 AM
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Originally posted by 44soulslayer
The crash at the moment is the result of irrational selling off. There will be a massive realisation in the next couple of days that there has been an over correction.
*Snip*

I think there has been a negative bubble, which is about to burst and rally markets.

Im not just betting my reputation upon it, I'm also going to buy RBS shares today. (Thats said, I lost a bit when I said the same thing about Lehman so I may well be wrong!).


I'd rather you be right than KD 44SS, but in all honesty, the markets have not been reacting rationally for some time now, and manipulation has a lot to do with it.

Good luck on your trading! ( I really mean that). But the majority of people are not educated traders, and with most of their money tied up in 401(k)'s where they can't actively trade, they have already lost, and they can't recoup now. This has been a rape of the American public and it disgusts me.




posted on Oct, 10 2008 @ 05:57 AM
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Originally posted by Relentless
and contrary to popular belief - I am a woman, and those are my eyes -


OFF TOPIC - you have pretty eyes. I'm a girl too. Most people here tell me to 'man up' and they think I'm a guy. (probably my gruff attitude). But I'm a girl. Married. Etc.

I bet if there was a giant ATS party and everyone got together and tried to match faces to names - we'd get them all wrong. We have built up in our minds what we think the person on the other side of the AVATAR really is like.




posted on Oct, 10 2008 @ 06:01 AM
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A similar situation is taking place in Australia in relation to superannuation.

People who have recently retired are finding the money they had in their super funds has evaporated and they're being forced back into work.

Last year the previous government basically encouraged people to put all the money they could muster into super funds - some people sold their homes to raise the money needed, and now they're finding themselves quite up the creek.

Of course, there's no money in government coffers to fund a rise to the pension, so the older folk are going to feel this too.



posted on Oct, 10 2008 @ 06:09 AM
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reply to post by Relentless
 


Banks and Bond market closed. Stock Markets open.



posted on Oct, 10 2008 @ 06:09 AM
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posted on Oct, 10 2008 @ 06:09 AM
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reply to post by FlyersFan
 


If we have that party, I'll be the intelligent brick wall with political grafitti on it.



posted on Oct, 10 2008 @ 06:09 AM
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posted on Oct, 10 2008 @ 06:10 AM
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posted on Oct, 10 2008 @ 06:12 AM
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Lot more news being posted here too, if you want to keep watching


www.abovetopsecret.com...#



posted on Oct, 10 2008 @ 06:25 AM
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Hi all,
I've been keeping on top of the economic events unfolding for a couple of weeks now. I check ATS daily and woke today to an alarming number of significant , serious threads and I am quite stunned by what's happening. I am not a panicky woman but I really do think it makes sense now to "be prepared" for a worse -case scenario and stock up on food and other essentials. Think of it as shopping ahead for a few months, if you rotate the stock you pile up, nothing wastes, you just replace it as you go along while always ensuring you have a good few months worth to fall back on. If the crap does not well and truly hit the fan, well nothing is lost by having some extra food stocks, but if it DOES totally meltdown and you have no supplies you are very vulnerable.
It's the people that have not prepared that will start the riots and cause most of the trouble. I would also agree with safeguarding ones savings somehow - if the bank you use goes under all your money is stuck for a long time until refunded at some later time by the government. It's all well and good saying bank runs are exacerbating the problems but I'm sorry, why on earth in this climate would I want my ONLY remaining cash floating vulnerably in cyber space. I have a child to feed and rent to pay and cannot AFFORD to risk losing the money I do have !!!

By the way, are GOLD COINS a good bet ? My son was bought some by his grandfather, approx £2k worth. What use, if any, will these be in the event of cash flow becoming a problem...??



posted on Oct, 10 2008 @ 06:57 AM
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Hey cosmic,

Yes keep those gold coins as long as you can! They will be very valuable if paper currency nosedives or collapses.

I had a question. My father has a mutual fund in US bonds, should he sell that or keep it? Anyone know?



posted on Oct, 10 2008 @ 07:10 AM
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reply to post by Relentless
 


omg your a chick!



No seriously, now I'm in love..

Flyer:



OFF TOPIC - you have pretty eyes. I'm a girl too. Most people here tell me to 'man up' and they think I'm a guy. (probably my gruff attitude). But I'm a girl. Married. Etc.


It's actually cause you scare people.

Anyways, as to what Relentless posted (Black Friday 08) .. the DOW down 250ish right now.. set to open .. I would say the day rest on what Bush has to say..

Otherwise, I would say another day of massive sell offs..



posted on Oct, 10 2008 @ 07:18 AM
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Originally posted by iggster
reply to post by TH3ON3
 


I believe our suspend point is 10%. So tomorrow 10% would equal a 857 point drop. I believe from what I have read. I do not trade in the stock market so if anyone could verify my info it would be appreciated!



Well it looks like we're nearly there...

MARKET DATA - 13:15 UK

FTSE 100
3977.43down
-336.37 -7.80%
Dax
4423.26down
-463.74 -9.49%
Cac 40
3128.78down
-313.92 -9.12%
Dow Jones
8579.19down
-678.91 -7.33%
Nasdaq
1645.12down
-95.21 -5.47%

I'm off to homebase to spence my cash on supplies before it's useless and the world goes crazy



posted on Oct, 10 2008 @ 07:32 AM
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reply to post by Relentless
 


Has the "document" been posted? I've been following the financial crisis just as closely as you have; in fact, for nearly two years when the first signs of instability were first reported. And I visit Denninger's site from time to time, but I have no idea what that "URGENT" post is referring to. Who or what will be the source of the document? An invalid link is posted to a PDF, so that's worthless.

Did I miss something?



posted on Oct, 10 2008 @ 07:46 AM
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Originally posted by cosmicpixie
Hi all,
I've been keeping on top of the economic events unfolding for a couple of weeks now. I check ATS daily and woke today to an alarming number of significant , serious threads and I am quite stunned by what's happening. I am not a panicky woman but I really do think it makes sense now to "be prepared" for a worse -case scenario and stock up on food and other essentials. Think of it as shopping ahead for a few months, if you rotate the stock you pile up, nothing wastes, you just replace it as you go along while always ensuring you have a good few months worth to fall back on. If the crap does not well and truly hit the fan, well nothing is lost by having some extra food stocks, but if it DOES totally meltdown and you have no supplies you are very vulnerable.
It's the people that have not prepared that will start the riots and cause most of the trouble. I would also agree with safeguarding ones savings somehow - if the bank you use goes under all your money is stuck for a long time until refunded at some later time by the government. It's all well and good saying bank runs are exacerbating the problems but I'm sorry, why on earth in this climate would I want my ONLY remaining cash floating vulnerably in cyber space. I have a child to feed and rent to pay and cannot AFFORD to risk losing the money I do have !!!

By the way, are GOLD COINS a good bet ? My son was bought some by his grandfather, approx £2k worth. What use, if any, will these be in the event of cash flow becoming a problem...??


Gold coins will be REAL money in the country stamped in, as long as they are legal tender right now. Its not the face value that counts but the content of Gold.

You dont want 1 oz gold coins, well, you dont want a lot of 1 oz gold coins (for food purchases). If we turn to a barter system, no one is going to be able to make change for a 1 oz gold coin in exchange for a loaf of bread. Remember, you cannot eat Gold, or Money. That said, have lots of the smaller ones, like 1/10, 1/4 oz, they are easier liquidated, and save the larger ones for bigger purchases. Also, dont throw your money away, if the economy totally nose dives and dissolved, people will still use it, because real cash is easy, readily avialable and already sorted in values.

The very best thing you can do, is have your supplies as much as law allows. Shelter, Water, Food, Clothing, Toiletries.

I read this stuff from many sources, so its not my vast personal knowledge here, but others that I am running off of.



posted on Oct, 10 2008 @ 08:17 AM
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And with all we have seen over the past two weeks with this bailout nonsense, those that voted for the bailout received their little pound of flesh, otherwise known as a bloody pile of campaign contributions from FIRE industries:

Among Bailout Supporters, Campaign Contributions Run High



The Center for Responsive Politics, a Washington nonprofit group that studies money and politics, reports that on average, lawmakers who voted in favor of the bailout bill have received 51 percent more in campaign contributions from sources in the finance, insurance and real estate industries — or FIRE industries, for short — over their congressional careers than those who opposed the emergency legislation. The legislation is of vital interest to Wall Street firms and banks, many of which would like to use the program to offload noxious mortgage-related assets. The FIRE industries — or, more specifically, individuals and political action committees associated with them — have been the top source of campaign contributions in federal politics, the group said, giving more than $2 billion to federal candidates and political parties since 1989.


Bought, sold, and paid for ... when did politicians EVER serve their people???

In relation to the Bush address later today, maybe this is the message:

www.marketwatch.com...[3CD5A9F0-1306-471A-AE0B-C2BE9F283760" target="_blank" class="postlink">]US to mull backing bank debt - all deposits



authorities are considering radical new measures to shore up ailing financial markets, including guaranteeing billions in bank debt and insuring all U.S. bank deposits for a temporary period, according to a report Friday in The Wall Street Journal's online edition. The moves, if implemented, would mark the government's most extensive intervention in the financial system, the Journal reported, citing unidentified people familiar with the situation. See full Journal story.


Any takers on this story? Paulson looking for a contingency plan for his failed bailout - this may be it - more expense to the taxpayer?

And where is the support coming from? See where I mentioned the sell out of politicians. Although, there's nothing strange or startling in this post, just the new facts of life for us all.

Breifne



posted on Oct, 10 2008 @ 08:37 AM
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DOW down 600 and declining fast.



[edit on 10-10-2008 by Breifne]

[edit on 10-10-2008 by Breifne]



posted on Oct, 10 2008 @ 08:38 AM
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They will shut the market down at an 1100 drop before 2PM



posted on Oct, 10 2008 @ 08:44 AM
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There's a rumour that the markets (global) will suspend trading if the declines continue. But DOW has picked up considerably.
Source - sky news live



posted on Oct, 10 2008 @ 08:50 AM
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So I wrote all the people on my list. I am getting back a lot of what I call "don't worry - be happy" responses.

So I wrote a response to them and I would like to share it here with you:


I surely hope you're right.

But I foresee, through a great deal of research, the breakdown of transportation (fuel is bought on credit - short term credit, as in "Fill 'er up and send me the bill," so if credit freezes, no fuel), and if transportation breaks down, so does the food distribution network.

And if the food distribution network falls, cities will be greatly affected. And we may see riots, and if we see riots, we will see Martial Law...which the current Prez wants, as that will be a marvelous excuse to suspend elections (he wrote up something in March that gives him that "authority").

So... If all THAT happens, we can expect Martial Law and fascism for a long while.

And I may not have the opportunity to see anyone, including my daughter - who is in San Diego and may starve to death...

I keep hoping that none of this I see will go down, but then, I kept hoping that 9/11 was not going to result in the things written into the "Patriot" Act (as I suspected it was an inside job from day one) during that first month and a halfish afterwards and I did not see huge efforts to "git 'er done." I did not realize they had that act in the wings and were waiting just long enough...

Of course, a 900+ page piece of legislation doesn't get written, debated, edited, debated, and finalized in less than two months (nor should it be hidden from the People in the process). More like 2 to 5 years. So it was waiting in the wings to rob us of many of the principles this country was founded on.

And Executive Orders and all that further erode our founding documents...

So... I saw the outcome then (if not the specific means), and again, I am seeing something VERY bleak.

May something happen to shift the timeline.


[sigh]

So far no one has written me back.

[edit on 10/10/2008 by Amaterasu]




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