10/9/08 - FSME Denninger Special Report - IT'S HERE!, page 4

reply to post by Relentless

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The post on tickerorg was a little disappointing. But hey ho, there's been some good discussion nonetheless.

Don't resign Relentless, it's hard enough understanding this stuff as it is!

reply to post by Breifne

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*hugs* (and contrary to popular belief - I am a woman, and those are my eyes - )

reply to post by Sendran

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I don't think you people are getting it

It's a demand that needs to be made hard and fast NOW, or the repercussions have been laid out.

reply to post by Relentless

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I believe he was commenting on me...And to clear the hug Fist closed, back pound, love ya bro hugs only. As i guy with 3 girls plus a wife i'm out of sensativety. "If you can walk you can run"

reply to post by Relentless

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Done and done.Sent e-mails to both Senators and My Congressman.They will not be able to stop this crash in time though.Corporate greed is to rampant in this country to ever get a grip on it before it's to late.Starred and flagged by the way.

Originally posted by Relentless
reply to post by Breifne

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Well, Karl said before he got the document up it may be too late.

Here's the part of the document that will prove him right or wrong in 24 hours I suppose:

, WE WILL LOSE OUR COUNTRY ENTIRELY!!!!

Okay, I'm Canadian so I don't get this.

Even if the economy tanks, how is it you lose your country? Are you not still in it? Does it suddenly disappear with the car keys?

What does he mean by this? Is he suggesting that someone will invade? But everyone is in the same boat. I don't get it.

reply to post by Relentless

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Yes I agree, but how will that help avoid further slide/crash?

Do you think that speculation about the amount of 'trash' in the credit system is clogging it up more that is justified by reality? That this is a 'crisis of confidence' beyond unstable fundamentals?

I think it would be a good exercise to draft a 'reform demand' in the form of a hypothetical 'Executive Order' -- with formal language, and nods to where legislative action would be necessary. The kind of thing we would hope a 'real President' would issue. That would help, but would be quite a challenge!

After all, what is 'greater transparency', in specifics? How is reporting done? To what standards? Get rid of mark-to-market? Okay -- who verifies it? How often is disclosure required? Always, with every transaction? What's a 'covered transaction' under new transparency requirements?

Tough issues.


Edit to add: PS: Hugs to all.


[edit on 9-10-2008 by Ian McLean]

reply to post by juniperberry

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Because we will have been bought. We will still be here but our bus. the driver of capitalism will be owned by someone else. Thus we work for them and they Literally own us.

reply to post by juniperberry

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I think that this implies that the powers that be may resort to "un-democratic" means to stay in power and maintain public order. Therefore America, as we know it would be f***ed.
Not that it ever was a real democracy, but at least it tried to look like one.

reply to post by Ian McLean

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I think one of the first and most important things being proposed over there is getting all the stuff that currently trades OTC onto a regulated exchange---CDSs would be a good place to start.

Okay, I'm no financial wizard nor economist; but, I don't understand why there's a protest to abolish "off balance sheet fraud" when a bill was signed into law in 2002 to do this.

My reference (because I had no idea what off balance sheet accounting is) are:

money.howstuffworks.com... on the Sarbanes-Oxley Act

and

money.howstuffworks.com... explaining off balance sheet accounting worked before it was exterminated by the Sarbanes-Oxley Act.

So, where do we find information on CURRENT (since 2002) off balance sheet fraud?

Thank you!

reply to post by mrwupy

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Or else they could just demand a large portion of your ressources in counterpart to a BIG loan. The US has been doing this through the world bank and the IMF in Latin america for decades.
Kind of ironic, when you think about it....

reply to post by Relentless

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Post some more pics please because those eyes are the best thing I've seen all day.

I think it is too late. We can all fax/email/call our reps and congresscritters. There isn't enough time to fix this. Godspeed everyone.

Seriously though, more pics of those eyes please.

reply to post by Relentless

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You are very welcome. West coast surfer look to it... Pretty nice.

Here's a link to a top flagged post right now I think you should all read:

www.abovetopsecret.com...#

In fact read all of the top flagged posts that are on the top of the site right now, and tell me the world isn't freaked to the max. It's all related - like it or not.



[edit on 10/9/2008 by Relentless]

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