The Real Crash - 30% Of Worlds Hedge Funds to Collapse Market Braced for "Sheer Panic" Monday, page 2

Originally posted by Trayen11
So I have a honest question here. So when this doesn't come to fruition tomorrow and things just drop a like it has been, What are we going to claim to be the next big thing according to everyone.
>snip
So please someone tell me what makes this prediction the one that's going to come true, and not just another failed claim like the last 50 or so i've seen.

[edit on 10/26/0808 by Trayen11]

Things just drop?

Im sorry Trayen, no disrespect but do you live in the same world as most of us?

Without checking the end of Friday's trading etc, the middle of last week 70% of the pensions of all American people had dropped in value, that is what or WORSE when they can claim their 401k massively.

Most 401k now are worth 34% less than 2 months ago!

Pretty major thing if you ask me?

Trust me the good people who have worked all there lives and are 60 or 65 now and are expecting to retire next year will have more than $30 in each $100 less income than they expected.

That is 1/3 of there entire income for the rest of their lives has gone.

Many 65 year olds will not be able to cash in their 401k as they cant now afford to, so they will have to work for an extra 5 or 10 years of their lives, oh with much higher taxes too!

Pensioners that is my friend, having to work way past 70.

But the jobs are going, lots of keen young things out there who will work for less now, as they have lost their jobs in GM, Wall St, banks etc, those honest hard working elders will in some cases not be retiring or working but claiming food stamps, depending on the spread of their 401k

Trust me The Sky has fallen in on their lives totally.

Talking about the Sky, many being made homeless through inability to refinance or loss of jobs will actually be sleeping under the stars soon, some are now tonight.

Their sky has definately fallen in on them and they have no roof to protect them.

Take a good look at the main FED thread on here now, do you actually realise the magnitude of the bailout? what it will mean for all taxpayers and workers for the rest of their lives?

Britain some 6 months ago finished its last payment to the USA for the money lent, or more rightly Tanks, Planes and bullets sold to us by the USA during the last World War.

That's 63 years of payments to the US. Many children born during and after that war worked a set number of hours per week to pay taxes to pay this debt, and died before it was paid off.

The Point is Britain now after our banking bailout is more indebted than it was AFTER WORLD WAR 2.

Children born today in Britain, will work each day part of their time to pay this debt, and die before the country has paid for it.

Those Children born today had nothing to do with with 120% mortgages, hedges, Flip and sell mentality but for generations to come they will have to give their lives in part to pay this off, AND THEIR CHILDREN TO!

Pretty much for me that's the sky falling in for the next couple of generations of British people.

America is close to bankruptcy and an event like a Hedge Fund huge sell off, and what do you think is going to happen, they are not going to liquidate their funds?

Why, how not?
Since when do people allow all of their investments to be worth 50-60% of what they cost, KNOW THAT THEY WILL FALL FURTHER and maybe become worthless, like the $2bn Fund in my opening posts, do you think they will just sit by , and say hey its ok we don't need the money anyway, and our clients are not worried that their Millions they each invested is worth $100 in 2 months time?

That's not a planet I am aware of I am afraid?

Is it in our solar system?

or an alternative reality we are not privy to here?

Countries are going Bankrupt, councils in the UK don't have the money to pay for doctors and nurses and refuse collection due to those bankrupted governments.

Trust me for the person needing that ambulance, or nurse at home, or operation the sky is truly falling in on them. People will likely die in huge numbers over this as it escalates.

The USA has printed hundreds of millions of $ that have no real value.

That cant be redeemed for anything tangible in return from the government.

This will mean though not immediately that each $ in the world will become worth, less, and less, and less,

Hey google Zimbabwe now or Germany just before Hitler.

Its called Inflation and leads to hyperinflation, or even as worrying massive deflation if the output of the manufacturing base in America has been almost stopped for the last couple of months.

That would lead to aggressive buying of the $ in an attempt to regain losses on the stocks etc in currency deals.

Which when volatile could put the $at £1 one day and £ to $4 the next. which would create a run.

If which is my belief this triggers a real serious panic by the really big investors, countries will follow and if China calls in its $ reserves for something less volatile, maybe the Swiss franc or Euro (though Euro doubtfull) the implications ON THE ENTIRE WORLD as the only reserve currency being abandoned is not even worth trying to speculate, on a Numbers basis but the human experience would be as follows

Simple as the following
Soup Kitchens
Tented Cities
World War
Rising Crime Illness and Disease (including psychiatric, which would destabilise society)
Marshall Law Looting Rioting

Honestly my friend if you think this is just a little dip, and that "normality" will resume in a couple of months, well you have been uninformed, are paid to spread such spin or maybe are in denial.

Im curious though as asked above why would these clients and investors hold on to bits of paper in a Fund that is just loosing value every day, would you flush the toilet if you dropped a $100 bill down the toilet?

Of course not, you would get your hands dirty to get that $100 back no?

If the hedge Fund Managers DO NOT LIQUIDATE as my sources show they are likely to soon, what they have left will be worth nothing at all soon, or just $1.

Now would you get the $1 out of the toilet?
no many wouldn't, which is why the markets have fallen to where they are now, those left in it are day traders quick buck types, hey you invest $100 last year its worth $1 dollar now, get it or hope it rises again?

Many who have lost the most are soo hit by this it's worth them staying in hoping on rises soon, as its value is small after fees to turn it into cash.

These hedge Funds have Millions and Millions for each investor, the redemptions are coming up and cant be paid, to believe they are not going to sell and liquidate en masse is a bit naive my friend.

That's the Hedge Fund Managers Jobs, to make money for clients or protect what they have already.

If you want to come and Put $100 bills in my toilet trust me I wont flush them away, damn it times are hard as you have not noticed, so I will even get them from your toilet if you like?

Get my drift?

Its like saying the Sun is run by ice cream im afraid. Really stop watching fox,

Read History Depression's in the 1800's, the one in 1929.
The fall of Rome is interesting too, people started cutting off the gold around the coins, and eventually the coins were worth more scrap as gold than the Roman Currency (took 5 yrs back then no internet/! horses and stuff, 12 week march to England!).

The empire, as the USA, fell, its popularity, Foreign policy, Efficiency and output, and it was not built in a day but fell in one. all starting by people like today"perceiving" a weakness of the worlds largest superpower, and therefore realising the gold was worth more than any empire.

THERE IS NO GOLD AGAINST THE $ ANYMORE, it will be a lot quicker this time due to that and nature of modern quick life.

As posited initially this thread fits in nicely too with the FED thread they are complimentary, different feathers of the same bird, but as said originally this will be the real crash, not what we have seen so far.

Kind Regards

Elf

[edit on 26-10-2008 by MischeviousElf]