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

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posted on Oct, 10 2008 @ 09:35 AM
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My god.

I am a UK citizen and this has got me completely riled!

This seems to be it people. Not some alien invasion, not some super-bug, not Nibiru and not some asteriod. This pretty much seems like the end of 'the world'.

I emplore everyone to do what is asked to resolve this situation. Get contacting your local congressman etc and demanding a declaration of what lines of spending are done behind the backs of THEIR lenders.




posted on Oct, 10 2008 @ 09:40 AM
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Lehman Brothers Auction early results are out, can anyone explain this to me, please.


Inside Market Midpoint: 9.75

Net Open Interest: $4.92 billion to sell

Adjustment Amounts HSBC: $12,500


CDS does not compute for me yet



posted on Oct, 10 2008 @ 09:43 AM
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The markets are flooring and consolidating... it should hold stable now unless something cataclysmic occurs over the weekend (there are rumours floating around HSBC and morgan stanley failing).



posted on Oct, 10 2008 @ 10:10 AM
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reply to post by 44soulslayer
 



there are rumours floating around HSBC and morgan stanley failing

That's odd. Yesterday I heard on the BBC that HSBC was actually unique among banks operating in the UK in that - being run along the lines of (relatively) risk-averse Asian economics - it had not found itself in anything like the deep trouble being experienced by the others.

That analysis sounds more reliable than 'rumours', although perhaps someone can present evidence to the contrary.



posted on Oct, 10 2008 @ 10:13 AM
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Dire times indeed are upon the horizon. But to think that there are not some sort of safeys built into the US economy is laughable. You cannot allow any nation to fall to it's own commerce.



posted on Oct, 10 2008 @ 10:17 AM
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that ticker forum is closed down now??



posted on Oct, 10 2008 @ 10:25 AM
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reply to post by pause4thought
 


Oh no no no my friend.

HSBC has the biggest subprime derivates exposure of them all.

HSBC bank $20.4 bln writedown

en.wikipedia.org...

Not as bad as UBS and Citi, but those two are giants in a right of their own.



posted on Oct, 10 2008 @ 10:29 AM
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reply to post by redhatty
 


I posted a thread about the Lehman CDS auction, which has some more information as well as links to detailed explanations.


In short, what it means is that a whole lot of insurance money will have to be paid out. Billions.



posted on Oct, 10 2008 @ 10:30 AM
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Originally posted by Valorian
that ticker forum is closed down now??


To guests and basic members.
Let me know if there's anything specific you're looking for - I've got access.



posted on Oct, 10 2008 @ 10:33 AM
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reply to post by 44soulslayer
 



HSBC is the parent company of my bank, Halifax. Apparantly HSBC is to be "acquired" by Lloyds TSB subject to regulatory and shareholder approval. News to me but I've only been getting informed on the economic stuff for the past couple of weeks



posted on Oct, 10 2008 @ 10:43 AM
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Originally posted by Areal51
[

Has the "document" been posted?

... , 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?



see my earlier post as a basic explaination of the 'document' ->>
www.abovetopsecret.com...



the poster, on the linked 'URGENT' hyperlink in the OP...was a rant by the author,
my guess this 'Document'. we are supposed to be expecting...
will be something Akin to the earlier published Petitions that mr denninger or a subordinate on the forum board who put the earlier Petitions/Documents on their Forum board.

Those petitions were warning the people of the financial shennigans going on right under our collective noses.
And i think the soon to be circulated 'Document' the thread is talking about
will be in the same line of thought...but this time asking the masses to demand a pound of flesh a return of excessice pay & bonuses related to the fraud that created the credit-market-collapse


at least that's what my right brain tells me



posted on Oct, 10 2008 @ 10:45 AM
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reply to post by cosmicpixie
 


I think youre confusing HSBC with HBOS.

HSBC = HongKong Shanghai Bank of China (the second biggest bank in the world... if they go down, theres no rescuing them)

HBOS = Halifax Bank of Scotland, who are to be acquired by Lloyds.

[edit on 10-10-2008 by 44soulslayer]



posted on Oct, 10 2008 @ 10:45 AM
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reply to post by cosmicpixie
 


No, HBOS is being acquired by Lloyds TSB, not HSBC. The two can be easily confused.



posted on Oct, 10 2008 @ 10:51 AM
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reply to post by 44soulslayer
 



HSBC has the biggest subprime derivates exposure of them all.

Thanks for that response. How very very odd that the Beeb was saying only yesterday that HSBC was so much better capitalised that it might not even sign up for the UK govt. bail-out package (which involves participants incurring significant charges).

Comments?



posted on Oct, 10 2008 @ 11:07 AM
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reply to post by pause4thought
 


oh , you're right, my mistake. I have been on here all day reading, my brain must be tireder than I realize as I'm not normally so dopey



posted on Oct, 10 2008 @ 11:19 AM
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It's all a sham. Our money is backed by the FDIC. The system is rebooting itself with new lines of code being added by the programmers. The banks will fail and we will lose all of our "old money". But we will be issued a "new" monetary unit to work with. Maybe in the form of credits that is attached to a card much like our ATM and credit cards now. Maybe even linked to our National ID cards, so yes we will be covered by the FDIC. But after the ash settles they will come in and automatically deduct any taxes as seen fit. NWO now stands for No Way Out.



posted on Oct, 10 2008 @ 11:20 AM
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I feel like I need a little flashy light emoticon on this post here. Let's try this fella:



Please see this link. The site slow to load right now, but you should be able to get through.

9:53 - Again, for the second day, no OMO (Open Market Operations) at The Fed. Read this report carefully. Note that there are no Agencies and no Treasuries left on The Fed's balance sheet. All gone. All that is left is $80 billion of crappy MBS. Bluntly, without printing raw money, The Fed is out of Treasuries with which to lend into the market, and thus cannot perform OMO any more; they must do "other things" (like print money.) We are now officially into the twilight zone and Fed Solvency is an issue on the table. President Bush spoke again but none one word about forcing transparency among financial institutions. Raise cash now and be prepared for potential essential good and service disruptions as the supply pipelines could begin to go dry on these as soon as early next week.


This.....this is a very, very bad sign.

[edit on 10/10/2008 by anachryon]



posted on Oct, 10 2008 @ 11:30 AM
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reply to post by anachryon
 



...Fed Solvency is an issue


That's got to be the one of the most remarkable claims in GM to date. Is this just hyperbole? I mean does anyone actually understand what limits (if any) the Fed has, anyway?



posted on Oct, 10 2008 @ 11:34 AM
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Just went to my bank got cash, went to buy 8 months worth of non-perishables in bulk.

Getting ready to head to our home in the country if they freeze market and declare martial law.

If credit cards stop working and banks freeze assets you know the $hit is going to hit the fan.

When people on wall street are saying it's not to late to sell something is jacked up. Market Crash not to late to sell.



posted on Oct, 10 2008 @ 11:36 AM
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reply to post by anachryon
 


I was not impressed by Bush's speech earlier - he spoke with as much vigor as my left foot on prom night!

Where are the leaders in this world - where are those inspiring speeches that send shivers running down the spine and inspire people to greatness (cheese).

Is it me or these so called leaders operating like boring clones pulled out of the ass of a dead donkey? Certainly smells like it!

Ah well, we have still got our health to look forward to,
.



Not that inspiring!!



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