This ought to start the run on banks . . .

reply to post by Realtruth


I guess on that one you so right is not funny, I has not linked to the fed Transparency site that is showing to us the trusting tax payer how they are screwing us while telling us to bend a littler bit more.



I think I am going to see what their site is all about.

Well I did link to their side but I could not find anything on what Bernanke was talking about.

He said that he opened a site for the people to see where the TARP money was going.

Now they have the new term TALF it seems to me that everytime this crocks wants to screw the tax payer they will come out with a new terminology.

Originally posted by redhatty
reply to post by dolphinfan

 

Do you realize that if the .gov backstops FDIC it will cause an INSTANTANEOUS bond market dislocation?

No more China buying our treasuries, no more debt financing.

It will cause the collapse of the .gov

And I promise you, what will come next you won't want

what?what comes next,red?

the sky is falling, the sky is falling.... folks the sky has fallen for millions of americans and it wasn't the banks. the fascist have dug us a hole the size of grand canyon, now they sit on the sidelines forced to cry about socialism. more wars than we could afford, unchecked spending on privatized armies (blackwater) unregulated industries who poisoned and us and now shutter their dirty factories, (can you just imagine where we'd be now if that crook got his hands on Social Security? putting it in the hands of fund managers was the idea (what a bunch of dumb, bumbling crooks) it will takes years to fix this mess, quit crying in your soup and help fix something ( outside your, like your neighborhood school, hospital, retirement home) don't be a flowerchild just be a kick ass American! excuse my self indulgent rantings.... my apologies

reply to post by dolphinfan

We are of like mind. This is all about politics now. The market is tanking because there is no confidence in Obama and his team.

How about this, the market is tanking and banks are crashing because there is confidence in Obama and his team? By the powers that be that is.

If there is going to be a New World Order, the first thing you have to do is destroy the vestiges of the Old World Order.

If the Old World Order simply crumbles in a way where people are left with nothing but the biting betrayals of it’s corruptness and failures, replete with empty wallets and stomachs, then a New World Order that promises that would never happen again becomes more attractive to people.

The New World Order has no way it can openly take over America, because Americans actually believe they are free and many are likely to fight enthusiastically for that illusion.

Solution; make America crumble from within, disillusion Americans in the process, turn Americans against one another, step in with a new system to restore order then incorporates whose left.

I think they have great faith in Obama and so far every move being made illustrates it’s faith well place in my humble opinion.

You do realize that the Rockefellers, Morgans and Rothschilds have more than enough money to bail out their own banks don’t you? It’s no coincidence that the burden is being placed on the Government and ultimately the Tax Payers. It’s an orchestrated collapse of the system not an accidental one, and the only politics involved are about keeping the average person looking to the left and to the right instead of on high.

Originally posted by j2000
Just FYI.

The FDIC is going down.

Dunno about that one partner. Im getting a job with the FDIC, and we have a 10 year contract for closing down banks.

Im actually suprised that there hasnt been a run on the banks already.

People are still VERY much asleep at the wheel.

Take out your money if its one of those large banks and put them in your local or regional banks that don't have many offices. Make sure that they are in business for some time. These banks have lent money in only small amounts to businesses that are local and know the community. You can even ask them how much they have lent out and most likely they will tell you. At least give a look at it.

We were warned and told what would happen if Barack Obama was elected president. They are all coming true. I am still on the fence about revieling my identity but not yet. I know of several US Senators who are starting independent investigations into charges and theorys about key figures in the house and senate. This has never been organized in such a manner in the history of the country.


As a person who has access to privledged information, it now my duty as first a citizen of the UNITED STATES OF AMERICA and 2nd as a VETERAN OF FOREIGN WARS AND THE U.S MILITARY to tell you what I have done based on the information I have been given.

I am not a rich man but I am retired. Over the last few weeks I have been withdrawing everything I have in cash assets out of the banks I have been using. I have moved all of my stock and other assets to Bonds.

It would be worth your while to look into this matter.


A storm is coming and I hope you are prepared!!!!!!!!!!!!!!!!!!!!!!



A friend in a high place,

Eye of Eagle

" There are men in the shadows of the men in the shadows and we are watching them. " Closely!!!!!!!!!!

Originally posted by j2000
Just FYI.

The FDIC is going down.

Don't keep it in a Credit Union either. CUNA is just another name on the same turd.

Credit Unions were never hooked to the Fed. Govt and Reserve Bank, until the last 15 years. They are now not any different than a bank.
They do leveraged loaning just like banks.

In the good old days, they only lended out what was in deposits.

Actually, the Senate just voted to give the FDIC a 500 Billion Loan from the Senate.

[edit on 6-3-2009 by HunkaHunka]

Originally posted by de9571
reply to post by dolphinfan

 

The optimist in me says the same thing. They are not going to let this fail..

The Government itself does have LOTS of money - there's a thread around here somewhere with a vid that explains accounting by budget, which is what they're doing, vs accounting by actual net receipt.

Bedtime for me or I'd hunt it down.

Anyway, knowing that the Government, in all its many faces, from towns to the Fed, have investments in property and businesses, calling for more money from us because they had budgeted for $30,000 and spent $40,000, so they need $10,000 more from us, even thought the receipts showed an actual income of $100,000.

So anyway, the Govenment has invested, and by rights, that is ours but they keep accounting by budget and taxing us.

If something is not done very soon, the people will be squashed. What will happen is that the run will begin with the people who fail to understand that "getting one's money" would be funny if it wasn't so sad.

This in turn will cause the Government to print more actual currency (which they're no doubt set to do a lot of) to "cover EVERYONE's deposit," and the people...er...sheeple will cheer the luck as they get their meager sums, but then they discover a wheelbarrow full won't buy a loaf of bread.

And then... The Government - the Lizard Hearted - have control.

Ok. Maybe that's not how it will go down, but somehow they're going to inject all those "bailout dollars" we could be spending to pull ourselves out of poverty and into a moneyless life of richness for all (read my book to see what it would look like, if it interests you, and thank you if you do)...

Somehow they plan to inject all those trillions hovering in financial institutions awaiting release into the economy at large, devaluing the dollar unto TP, and all debt associated with it, causing the sinking of the world's economy.

So I have to agree it is a good time to prepare for bad times to come.

Originally posted by bismarcksea
Im actually suprised that there hasnt been a run on the banks already.

People are still VERY much asleep at the wheel.

Wanna know why?? Ima tell you a secret...

Most of the deposits.. are actually from institutions.. From Governments, to businesses..

The "average" American "tax payer, consumer, etc" has a negative spend ratio. That is to say, their yearly purchases out grows income. So the money that's in the banks goes to pay bills, etc.. not much just "sitting in there".

Most people who do have extra cash don't let it sit in a bank account earning .2% interest.. they have the funds in money market accounts, bonds, stocks, funds etc.

So.. why would I go pull my money out of the bank, if there won't be any by next payday anyways?

Fox news is reporting that the senate will vote for the treasury to loan the FDIC $500 billion to get through this crisis; however, that is just like all of the other bailouts. Printing more money means hyper-inflation--we're broke either way.

here

One must understand that the insurance business is much like running a casio. If in a odd occurance patrons hit jackpots on a large percentage of machines in a casino all at once, the casino would be bankrupt. The same applies here. At current levels, the FDIC can insure the half dozen small banks that fail each year--they cannot handle the volumes and sizes that are failing now.

It is interesting that the FDIC insurance level raised for the 2009 year. This is damage control in advance--they knew the market was going to tank. They were trying to get a higher level of bank trust built up. A falling stock market does not automatically mean a depression. The bank runs due to a falling market will lead to a deeper recession or depression (just like what happened during the great depression). These bank runs are already occuring. The panic has started. Everyday I here of more people pilliging their retirement funds (at 30-50% of their mid 2008 amounts) and bank accounts to prepare for what is coming. Here in Missouri stores cannot keep guns or ammo on the shelves. I hate to see how the panic spreads next week.

If you have not read it already, go to Wikopedia and read the entries regarding the great depression and black monday. If the articles did not mention dates, one could not differentiate the scenerios from todays.

[edit on 6-3-2009 by supertrot]

Bill Seeks to Let FDIC Borrow up to $500 Billion

Senate Banking Committee Chairman Christopher Dodd is moving to allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury Department.
The Connecticut Democrat's effort -- which comes in response to urging from FDIC Chairman Sheila Bair, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner -- would give the FDIC access to more money to rebuild its fund that insures consumers' deposits, which have been hard hit by a string of bank failures.

Link to the latest financial black hole

So . . . another $500 billion out the window . . . a 'loan'.

That suggests the FDIC will be able to repay that loan. With what . . . if they don't have the liquidity to pay out on insured deposits, where the HELL are they going to come up with the funds to repay a $500,000,000,000 loan.

And out of which rabbit's arse is the goverenment going to pull this wad of cash?

Where does this end?

Originally posted by GoalPoster
So . . . another $500 billion out the window . . . a 'loan'

....

Where does this end?

I tell you, they are putting huge lumps of electronic cash anywhere and everywhere they can so that it all can be flushed into the bowl of the economy, flushing the world with it.

Where it will end is not pretty.

On Topic:

The federal government will not let the FDIC fail in any way shape or form. This couldn't have possibly been an orchestrated event in that, it's not financially feasible even for those "rothschild's, vanderbilts..." etc., to want such an event to occur. Why would they intentionally want to devalue their bloated pocketbooks for a so called "NWO"? Their OLD WORLD ORDER is serving them quite well and clearly they have little vested interest in changing that.

They wont be the perpetrators of new found power; they already ARE. New World Order is a phrase concocted to appear helpful and innocuous at the same time to give a complacent majority a shred of hope and light.

If some of you are looking for someone to blame? Look to Joe the Plumber who makes $20 an hour and thinks for a FLEETING moment he has the monetary fortitude to repay a $500,000 loan after his divorce with his wife and a settlement that ensures that half his $20 is diverted to his now husbandless wife (with live-in boyfriend) and 6 kids who are all screaming for their playstations 3's and plasma's. Couple that with a banking and financial industry more than satisfied with looking the other way so Joe can assuredly TRY to do this and knowing he will ultimately fail because, hey let's face it, these same capital junkies KNEW "these properties would CERTAINLY never lose value and continue to grow exponentially" and obviously make MORE money from Joe's failure than if he actually made good on his debt obligation.


Off Topic:

For those of you among us who keep harping on the "prepare now! the sky is falling! buy guns! buy trucks! buy seeds! buy land! build a shelter! arm it with an SA-7! and a few m-4's!"

Do you honestly believe that the (now defunct and non-existent) middle-class majority who's (aforementioned) exorbitant and over-whelming financial decay and zero efficacy mindset will jump on the chance to procure such things? Will those who can just barely feed their families on the (ever sky-rocketing) unemployment earnings? Of course not! They will exhibit human nature! Human nature says it will HOPE that things change! So they will hold on as long as they can, and say "dont worry honey, it will turn around any day now", and keep paying their bills to the best of their abilities.

Making such proclamation's is tantamount to asking a terminally-ill cancer patients to quit smoking. Moot. No effect.


AB1

reply to post by redhatty


Why would that be the goal?

I have head that, but where is the logic in it? What would they have to gain by doing that?

reply to post by Rockpuck


That's exactly what's happening. And I can testify to it.