It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

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

page: 9
89
<< 6  7  8    10  11  12 >>

log in

join
share:

posted on Oct, 9 2008 @ 11:36 PM
link   
reply to post by LowLevelMason
 


Yeah, like throwing money at a money fire.

No matte how much money the gov puts into this, this mutha is still gonna burn to the ground.

Ron Paul predicted all this, this is the "Something Big" he was talking about I believe.

-Lahara




posted on Oct, 9 2008 @ 11:37 PM
link   
Breaking news banner on CNBC - WSJ: US considering guaranteeing all bank debt.

WHERE IS ALL THIS MONEY COMING FROM??

EDIT:
WSJ

The U.S. is weighing two dramatic steps to repair ailing financial markets: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits.

If the two moves come to fruition they would mark the government's most extensive intervention yet in the financial system, as officials ponder increasingly far-reaching measures to stem the sprawling crisis.



[edit on 10/9/2008 by anachryon]



posted on Oct, 9 2008 @ 11:39 PM
link   

Originally posted by TH3ON3
reply to post by LowLevelMason
 


You are insane if you think this is no causew for great concern. I say get at least enough money out to last a year! Stock up on every necessity you can, and then when the shtf, it's dufuses like you who will come begging for water, or something to eat. Dufuses in denial!



You are insane if you believe this. The stock market game is buy low sell high, NOT sell low buy high.

Everyone should have an emergency fund, not just for predicted Armageddons that never come to pass, which should be separate from their stock market portfolios. That is just prudent financial planning.

However, buying guns and ammo and heading for your nuclear bunker is fear mongering.

Its all the fear mongering and needless panic that is going to cause the government to spend EVEN MORE MONEY on this "crises." When the sheep get scared, they'll let the government do anything to protect them. Stop the fear mongering.

[edit on 9-10-2008 by LowLevelMason]



posted on Oct, 9 2008 @ 11:40 PM
link   
reply to post by anachryon
 


It's coming from out of our arses!

Don't panic people, prepare, panicing doesn't help it causes stress and confusion.

Take my advice, get some heirloom seeds, but a bunch of them, plant them in the spring, but also stock up on food to last till then, learn to eat conservativly, visit the survival forum, learn to survive this.

Don't become a victim, be a victor, be aware and prepare.

-Lahara



posted on Oct, 9 2008 @ 11:42 PM
link   
reply to post by LowLevelMason
 


It's not just about the stock market, it's much bigger than that. It's global, and the trust is no longer there. Look back a few posts to a money man that is much smarter than you and I combined and see what he thinks about it. He pretty much says global depression period!



posted on Oct, 9 2008 @ 11:46 PM
link   
I got supplies (water, dried fruit and cans) because I'm hedging that the supplies will go down and price will go up. I bought 500 rounds because you can never have enough precious medals (brass and copper).


If you sayed in the market in 1929, it would take untill 1952 just to break even. If this is even half that bad, stocks are the worst place to be. Invest in corn, soybeans, livestock and metals.



posted on Oct, 9 2008 @ 11:49 PM
link   
reply to post by LookingAround
 


That would be logical and sound advice. I think i'll just go back to my football game, six pack of beer, pizza, and cable TV. Ignorance is bliss to most people.



posted on Oct, 9 2008 @ 11:50 PM
link   
reply to post by TH3ON3
 


I'll stick with all the investors making billions in the stock market and the economists with who have been right so far who....somehow...unanimously agree: no great depression, most of the panic is based off fear mongering.

When Warren Buffet starts calling for Armageddon, I might begin to worry.



Frankly, I thought the drama and fear-mongering about another Great Depression was ridiculous in the first place. The same financial news anchors and Wall Street analysts that constantly gurgled about the market's resilience and strong fundamentals at the top, and all the way down, suddenly shifted to warning about Depression, economic meltdown, and bread lines - bread lines! - when they saw a big bucket of money that would only become available if the public was scared out of its gourd. Now you'll hear the same chatter until the Fed cuts rates again (which it almost has to do simply to maintain credibility, because the effective Fed Funds rate - which is hovering below 1% - is already so much lower than the 2% target). Call me cynical. This Depression talk is just outrageous - especially from people who didn't have the slightest sense that any of this was coming.

seekingalpha.com...



Dr. John Hussman is the president and principal shareholder of Hussman Econometrics Advisors, the investment advisory firm that manages the Hussman Funds. He holds a Ph.D. in economics from Stanford University, and a Masters degree in education and social policy and a bachelors degree in economics from Northwestern University. Prior to managing the Hussman Funds, Dr. Hussman was a professor of economics and international finance at the University of Michigan. In the mid-1980's, Dr Hussman worked as an options mathematician for Peters & Company at the Chicago Board of Trade, and in 1988 began publishing the Hussman Econometrics newsletter. Virtually all of Dr. Hussman's liquid assets are invested in the Hussman Funds.


YOU buy the fear mongering, I'll listen to the experts.



posted on Oct, 9 2008 @ 11:56 PM
link   
Ok no panic or anything, but just to make it more interesting, prices of gas might skyrocket.

OPEC holding "Emergency(RAPE) meeting"

money.cnn.com...

On a positive note, in 17 hours, you can get loaded!



posted on Oct, 9 2008 @ 11:58 PM
link   
Look at it this way, think of all the great TV we will have when they start the public high profile corporate lynchings.

Ill save some canned beef, and peas just for that/.



posted on Oct, 9 2008 @ 11:58 PM
link   
reply to post by Relentless
 


The so called document is pretty dissapointing and transparency alone will not solve the problems we face. The big money already knows what is on and off the balance sheets and it must be really ugly. It would be nice for the public to know as well so that we could make sound investment decisions. For every credit default swap sold there was also one bought. Those who bought them will make a very nice return if they ever get paid.
More than likely though, they probably already committed the money they were suppose to get from these swaps so they may go bust as well.

These credit default swaps were really illegal insurance contracts and I think they should all just be voided. I don't care who's toes you have to step on.

Just buy all the mortgages, Rework all the mortgages, get your money back over time through interest and just move on with a properly regulated system. It should be simple enough, but the will is just not there. The Fed should just let the treasury print their own money so that we can do this without paying interest on this money creation. So much money has already been lost there is no real risk of inflation by doing this.



posted on Oct, 10 2008 @ 12:00 AM
link   

Originally posted by LowLevelMason
YOU buy the fear mongering, I'll listen to the experts.


You do that!

In the meanwhile, why not let people DISCUSS the economic crisis on ATS, which happens to be a DISCUSSION BOARD....y'know, where discussions normally take place?



posted on Oct, 10 2008 @ 12:01 AM
link   
Bottom of the line, I think we have finally learned through this latest slap in the face backlash of what happens when lenders lend money without using discretion. 9 Years ago, after I got married I did not have a credit card. My wife got an application and got approved for one "$1,000". I did not realize until it was $800 spent. I couldn't grip; she bought us a nice Christmas. So the payments started $100 a month. Only 800 were charged making 100 dollar payments a month. 9 - 10 months should be paid off with the interest, right? WRONG!

We got it down to 400 when we got into a crunch and lost a job. Got approved for another credit card "$3,000.00"! Whehooo! I could pay bills for a couple of months if I was unable to find work. Took a couple of weeks and I got a job. Had to use that credit card to make payments on the original remaining $400 cc plus groceries and rent. Now we are in the hole $2200.

We did not make many cut-backs and switch to "Ramen Noodles" to save money. Moved apartments, mail was lost and ended up forgetting about the remainder $300 we still had left on the first CC. A couple months go by and they finally tracked us down. Now we owe $800 because of late payments plus fines and a variable interest rate kicked in. Decided to consolidate the CC into 1. Got one for $7,000 and reconciled all of them into the 1 CC. Couple years go by and we get the CC paid down to around $2,500. They decided to pull our credit randomly which they found our credit was poor. That caused the 1 CC to put us as a higher risk and bumped our interest rate up to the max 29.9%. (Only we did not realize this and they did not notify us of this unless we read the fine print on the back of our statements) About 4 months go by when I finally call them irate when I have been making payment on-time and my balance keeps rising drastically (Now about $5,000, 4 months ago it was only 2,500).

Went to CITI and got approved for a debt consolidation loan. PAYED IT OFF over 3.5 years.

NEVER AGAIN!

NO MORE CREDIT CARDS

If I cannot pay cash for it, I don't buy it. I will save up for 3 months before I buy it and pay for it over 2 years because of interest rates.

Main point of this is, too many were duped into getting the loans for this and CC's for that and could not make payments. Filed bankruptcy, just didn't pay it, whatever. I should not have gotten approved for the later CC especially for the loan amount. They should not have raised the interest rate spiraling my still wet behind the ears financial situation into an 8.5 year depression which stressed me, my wife and we allowed that to consume us (to an extent) into depression. We now only have a truck payment and mortgage plus necessity bills (water, sewage, electricity, and phone).

I have learned the harsh reality of credit. I tried to sit down and crunch the numbers recently. I only spent about $9,000.00 on credit and ended up paying over $17,000.00 just to pay them all off from start to end. Do not get credit cards. Have 1 for true emergencies if you do not have a stash of cash. If you do have a stash of cash, then you have no need for an emergency CC.

To the younger audiences who may be reading this. TEAR UP ALL CREDIT CARD APPLICATIONS! Skimp and save and you will be better off financially. CC brought nothing but worry and stress for 8.5 years until I broke free.

This is one reason why we are in the predicament we are in today. Let this be a lesson never to allow this to be repeated.



posted on Oct, 10 2008 @ 12:03 AM
link   
reply to post by Jemison
 


"Heirloom" seeds are not hybridized or genetically altered for high yields and may bring you more hardy plants, and certainly much tastier food. If you can't get them, do at least get something and spend the winter reading up on gardening.



posted on Oct, 10 2008 @ 12:03 AM
link   
reply to post by anachryon
 


I agree. The experts are here:

www.tickerforum.org...

We can only gleen from them. We have allowed this for so long. Dying soldiers for bogus-intelligence did not get people made enough...now people are outraged and we are only hours away. Praise Dick Cheney....





posted on Oct, 10 2008 @ 12:04 AM
link   

Originally posted by anachryon
You do that!

In the meanwhile, why not let people DISCUSS the economic crisis on ATS, which happens to be a DISCUSSION BOARD....y'know, where discussions normally take place?


So you only want people in the discussion to agree with you? Could it be that in the midst of pumped up panic and hysteria, that one side of the discussion is "hey...don't buy the fear mongering?"

But of course that is what usually happens. Anyone questioning the mob "truth" of the matter is immediately insulted and degraded for offering another view point.

However, you do have a point. ATS users don't want to hear anything EXCEPT that the great depression is here. They will create a depression in their minds just to make it seem more believable.They are determined to create a crises, regardless of what anyone else says. Anyone questioning the dogma of financial doom has no place here. Which is why I never bother with these threads, but some times the fear mongering is so high I just can't help myself.

Oh well, fool me once type of thing


[edit on 10-10-2008 by LowLevelMason]



posted on Oct, 10 2008 @ 12:09 AM
link   
reply to post by Jemison
 


People shouldn't think they are noble for keeping their money in the stock market or banks. First off, one person or a whole slew of people on these boards aren't going to make a difference keeping it in or out. Ups and downs in the stock market should be normal, not something to be avoided, that's what a free market is (or should be). The stock markets have been manipulated to rise higher than they should, and the result is a painful correction, but there shouldn't be the need for it to rise in the first place. An example being how Bush says he'll do everything he can to fix this, Dont fix it! A free market needs to remain free, this downfall is a consquence of a market that isn't free.

If people have the inclination that they are going to lose money or be unable to access it, take it out! Don't be some martyr and expect to be congradulated after you're poor and living off of food shelters, there's no honor in that, only stupidity. My Mom got out of the stock market with my advice at about 13.1K and she couldn't be happier, saved her about $75K.

I've heard over and over again also this talk about "this is all psychology, people are scared" Instead of saying its psychology, they should say its intelligence. People are becoming more aware of fractionalized reserve systems and fiat currencies, those two things depend on people's stupidity to function. The rich's greed was a destructive force and it provided for it's own needs while being totally careless about the rest of the people. The light is showing the husk that is our current situation.


[edit on 10-10-2008 by ghaleon12]



posted on Oct, 10 2008 @ 12:11 AM
link   
reply to post by LowLevelMason
 


Actually I'd prefer people educate themselves.
You're sticking your head in the sand. You're discounting the gravity of the situation the entire world is in.
You seem to only be looking at the stock markets and pooh-poohing or completely ignoring everything else. The markets are indicators at this point, indicators of the deeper issues. Credit markets seizing is a very real, very urgent issue. CDS unwinds is a very real, even more urgent issue.
Our economic model is falling apart at the seams, and I don't mean just the economic model of the US - this is global.

Global recession is imminent if not already in place and you're telling people they're overreacting?

By the way, I haven't seen any economists say "don't worry, be happy." Can you provide links to your "experts" that say all is well here?



posted on Oct, 10 2008 @ 12:16 AM
link   
Sometimes the best answers to the most complicated problems are the simplist..
If any of you have faith or hope left.. let that shine thru..
Sarcasim is great and makes us smile, do not give that up, nor ever the "doomsdayer" mentality that makes us afraid and pushes us to act, nor ever the compassion so rarely seen these days.
Yet, love one another.. I beleive love includes all these things, I believe Someone Elsie said that once... it just got covered up.
I misspelled and said "Elsie" my grandmothers name who was a mother during the Depression and taught me of a GOd of love. Just now I knew what I was writing was okay.
BTW I meant to say Else
However what I got from her teachings were, always compare yourself to someone worse off, and growing up I thought, the Holocaust, therefore, we are not that bad off, but I feel certain we could be, it is not the life that leaves us, but the pain that follows!
Love One Another. Fix It. Love one Another. Fix It.
The Greatest Gift Is Love. Many of us have not felt it. We need to Fix It. Love one another.?



posted on Oct, 10 2008 @ 12:18 AM
link   
For those who think that it's all gonna pass, when no one is buying on the exchanges, then what? Think that won't happen? Look at the Asia chart on Bloomberg sure they hit a circuit breaker and stopped trading for 1 hour, but since then, the line is pretty static. No one is buying anything.

But hey, it's all fear mongering, not bringing awareness for people to start preparing for the worst while hoping for the best.

I said it before, I really hope I don't end up having to learn a new language to ask for my soup in the soup lines.




top topics



 
89
<< 6  7  8    10  11  12 >>

log in

join