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

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posted on Oct, 12 2008 @ 09:33 PM
reply to post by Relentless

Thanks Relentless. And good god, it reads clearly and makes sense even to a layman !! What's the recommended course of action - fax a printed version to legislators ? Guessing sending a link isn't much good.

Read through the G7 report posted above (unsure source) and it’s quite a theory. Anyone have any insight into the Settlement / refunding program referred to ? First I’ve heard of this.

Edit - did a quick search and found several articles and only two short ATS links. Reference the "Wanta Plan"

If there's ANY truth to this it's a mother of a conspiracy and goes a long way to explaining current events.

[edit on 12-10-2008 by maudeeb]

[edit on 12-10-2008 by maudeeb]

posted on Oct, 12 2008 @ 10:33 PM
Yeah, I'm looking forward to seeing the results of this "Wanta-gate" thing.

From what I read, it could be an answer to a prayer...

posted on Oct, 12 2008 @ 10:38 PM
....I'm a little too stunned to make a separate thread for this one, so if anyone would like to take it, please run with it.

NY Times

In what could set an important precedent, federal officials assured a big Japanese bank late Sunday that its planned investment in the embattled Wall Street giant Morgan Stanley would be protected, according to people involved in the talks.

After two days of tense negotiations, Treasury officials urged a hesitant Mitsubishi UFJ Financial Group to proceed with its $9 billion investment in Morgan Stanley, which has sought the capital infusion to reassure investors and customers about its stability.

posted on Oct, 12 2008 @ 10:53 PM
This Wanta-gate deal makes my blood boil.These big time banksters think they can do whatever they want with no repercussions.Why is this just now surfacing?When it states this should have taken effect in 2006.

posted on Oct, 13 2008 @ 04:17 AM
I won't be around till closing bell today because of work, but futures of the dow are now over 400 points. The Hang Seng is up over 10% today

Most markets around the world so far has boosted well over 5% gains for monday. The US looks like it has the same thing in store for monday. Not necessarily an indicator long term, but for the short term it does ease tension.

posted on Oct, 13 2008 @ 04:44 AM
That was the floor as predicted on friday folks. I can't envisage a further slide at the moment... even the speculators and traders dont want a total collapse.

These banks are trading way, way below book value. They messed up, but they don't really deserve the hammering that they are getting from their low stock prices (apart from RBS and their stupid ex-CEO). The levels at the moment are unsustainable in the long run.

While the short term trend will be moderately stable, medium term should signal the first few steps of recovery. In 7-10 years it will all be back to normal, with another boom.

Since the governments will be buying equity directly, all banks are now invincible but under strict governmental oversight. This means that the banks are safe, and the deposits will be safer since there wont be any more extreme risk taking.

This financial crisis is over IMO. Now comes the massive corroding monster that is the American auto industry. This could well be out of the frying pan and into the fire.

posted on Oct, 13 2008 @ 04:48 AM
reply to post by 44soulslayer

Actually its more like "the bank crisis is coming to an end, and now the further centralization of government is the new era."

BTW, I think we are still going to see negative 4th quater growth from these past weeks of credit drying up.

posted on Oct, 13 2008 @ 05:34 AM
From what I see, all the other countries did major moves to infuse cash into the credit freeze and we needed to do nothing. This of course (and I mentioned it earlier) has the overseas markets bouncing back, and in turn our markets will follow into the bounce today. For now...

I wouldn't be surprised if this week is all upside now, but I am not convinced the problem is solved, because ultimately they have just made more credit, and too much credit is what caused the crisis.

The US now sits back and gets a boost in the markets - but are we out of the woods? I think not. They darn well better take this time to FIX IT.

I don't know how much more of a shell game we can take, so don't go getting all optimistic after the bounce. Do take advantage of it if you can, but please don't be lulled into a flase sense of security, and watch it carefully.

Me - I'm not touching this market with a 10 foot pole since I have to work during the day, and I really think only experienced day traders can play this, never knowing from minute to minute what bomb will fall next.

Best case scenario, they only have to make it look good into the election. I don't trust any of it or any of them. Pity the fool who wins the White House.

On the other hand IF OUR MARKETS BOUNCE AND DON'T HOLD, like the morning spikes seen in the past two weeks that fizzled, I think you all know we are in too deep. The American people have to buy it all, and hopefully there are still enough of them to do it. I'm not one of them.

*Dying to see the Karl's Ticker tonight*

[edit on 10/13/2008 by Relentless]

posted on Oct, 13 2008 @ 05:40 AM
reply to post by maudeeb

The amount of stories that are piling up as contributing to this current mess just gets larger and larger. Quite frankly, everyone found just further shows how deep the manipulation was everywhere you look.

posted on Oct, 13 2008 @ 10:10 AM
The more i pay attention to KD on his forum . The more i can't stand the guy at all.

I applaud him for taking the time to try and persuade the people of the U.S.A to realize they were paying for the Fed's Foreign Bailout plan because that is what it was. IT was foreigners drawing a line in the sand and saying. This MBS nonsense was FRAUD, and we are not lending to you, until you pay us back for it. I was considering joining the forum, but from my impressions....he runs it like a that was a bit of a put off... But it does make for some nice foot soldiers.

p.s was it me or did he look like a "poor man's" donald trump on his video's w/ the interesting hair style.

[edit on 13-10-2008 by cpdaman]

posted on Oct, 13 2008 @ 11:04 AM

Bankers’ summit at the Treasury | 11:40 a.m. Eastern American banks may be closed today to observe Columbus Day, but it’s evidently no day off for the top executives of the nation’s biggest financial institutions. They’ve been called to meet with Secretary Henry M. Paulson and his staff at the Treasury Department at 3 p.m. Eastern time, The Wall Street Journal is reporting, citing “people familiar with the matter.” The list of invitees includes Ken Lewis of Bank of America, Jamie Dimon of J.P. Morgan Chase, Lloyd Blankfein of Goldman Sachs Group; John Mack of Morgan Stanley and Vikram Pandit of Citigroup, the paper says. Specific agenda not reported so far, but something tells us Topic A won’t be comparing golf scores.

- NYTimes

Any word on what they are up to?

posted on Oct, 13 2008 @ 02:45 PM

I hit these stocks today pretty close. I underestimated the gains of MS and GS by a decent amount when it comes to GS. I overestimated BAC gain by a couple dollars. I was spot on about JPM. I was spot on about WFC and Im still certain that the 2 dollars gain for TGT will be lost in time.

posted on Oct, 13 2008 @ 03:04 PM
EDIT: Moved to more appropriate on-topic thread.

[edit on 13-10-2008 by LowLevelMason]

posted on Oct, 13 2008 @ 03:15 PM
reply to post by Mainer

Any word on what they are up to?

Judging by what some are saying in here it's just to get together, hug and kiss, and say "You know what, it was all a big mistake. Everything's just fine..."

posted on Oct, 13 2008 @ 05:47 PM
WOW ... 900+point gain!!

That is pretty amazing.. I am still concerned by the level of volatility though.. from 1000+ point swings in mid session, to huge rallies after huge falls..

Throughout the day however bank stocks where down .. they are so low already they hardly move the markets anymore..

By the end of the day most stocks where up, giving us a huge leap.

Are we out of the clear? No.. just because stock rise does not indicate a healthy banking sector or even that credit has been loosened..

I think this week will be pretty interesting.. some major reports are due out in the next few days.. including Citi's profit report (more like deficit report) ..

[edit on 10/13/2008 by Rockpuck]

posted on Oct, 13 2008 @ 06:15 PM
reply to post by Rockpuck

RP, Nice to see ya. [smile]

I am expecting a crash. Not sure when, but I'm going to guess in about a week and a half.

Meanwhile, the BIG question is how is CREDIT doing? Because that is what drives the food distribution, and that is what will affect the bulk of us.

Stocks and bonds are just so many numbers; whether there is anything to put on the table... That's what all of us know well.

posted on Oct, 13 2008 @ 07:04 PM
big day indeed nearly 1000 points! some of that was a short squeeze no doubt but the market was very oversold based on some put/call ratio's so the low from last week could stick for awhile, especially considering the rest of the world probably made it real clear to the U.S that no banks are going to be allowed to fail anymore, and that paulson is an inept and/or corrupt low life

the problem is the GOV't is now on the hook for further losses by the financial sector, YEAH gov't and as house prices fall, gov't will be on the hook BIG TIME, this is a way i can see the NWO agenda being able to reduce the power of sovering govt's by indebting them up to there ears and lowering there credit rating, possibly causing some to default.

Now it's time for the Gov't to put in a similiar plan to stop house prices from falling so much or they just untied the noose from the bankers necks and placed it around there own.

I would think that earnings will be very low so i don't see stock's really having a way to climb for more than a month or two (yes thursday low may be in place for a couple months) but likely will be replaced lower after the next few months (if not sooner)

this latest gaurantee from the fed's looks to put the govt's and the currency's on the line as the back stops , but i don't think the banks will be lending to consumers going forward..........this chaos is not over for main street by a LONG SHOT

[edit on 13-10-2008 by cpdaman]

[edit on 13-10-2008 by cpdaman]

posted on Oct, 13 2008 @ 07:10 PM
reply to post by cpdaman

One thing I am very concerned with seeing is (not a crash) but world wide inflation continuing to accelerate as literally trillions of dollars from all over the world have been flooding the markets..

Hell, America injects 900+Billion, Europe 2 TRILLION. . . It's a lot of money to flood the markets with, which may help stocks and thus capital, but in the long run I feel we will see these moves will throw the entire system off balance..

To me, from my own understanding of the markets.. it's no different then injecting a dying man with Morphine and Steroids ..

posted on Oct, 13 2008 @ 07:17 PM
it seems like there is alot of credit destruction as well as gov't increase in printing press money , also with commodity prices (oil and agriculture) coming down a ton from earlier this year, food inflation will be down (i would think) for a while. Not sure if people just burned in those two areas will jump back in enough to get near levels this spring, hopefully not for those of us who eat and drive. Lot's of hedge funds got burned and then had to unwind long positions in that sector.

Hyperinflation is always a political decision........good thing the banking establishement has there tentacles around every nation's gov't

watch the bond yields climbing to show signs of stress on the currency's, it will probably take a suprise move downward in earnings by banks and will depend on how much further down there collateral (house prices) fall.

[edit on 13-10-2008 by cpdaman]

posted on Oct, 13 2008 @ 07:19 PM
The Bank of England hands over a £100m loan to the collapsed Icelandic bank Landsbanki to help repay UK creditors - this and many similar transactions are making the confidence trick at the heart of the monetary system painfully transparent to all.

I withdrew what money I have last week taking the view that I no longer want to be party to this scam. I'll look after the wretched stuff myself and try to fend off it's deflation by using it wisely. This is an opportune time for a fully reformed monetary system but I see little evidence of it happening because the real fraud of fractional reserve banking remains taboo in political and media discourse. Maybe the only hope at this stage is the full meltdown.

So far I have not yet read ONE article that asks the most obvious question of them all, "Where will all this money come from?"

That's it. That's the $64,000,000,000,000 question.

"Where will all this money come from?"

It's a pretty obvious question.

So how come nobody is asking it?

Because the answer is the same as it was during the French South Sea Bubble in 1720 - it will be printed up by central banks.

Which raises the uncomfortable follow-up question, "So why is it that we are expecting a different or better outcome this time?"

It is a serious question, and it deserves a serious answer. But it's hard to get an answer to a question that practically nobody is asking....

cmartenson, Monday, October 13, 2008

[edit on 13-10-2008 by EvilAxis]

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