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Topic started on 1-9-2009 @ 09:48 PM by Ex_MislTech
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reply posted on 1-9-2009 @ 10:50 PM by crimvelvet
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A star and a flag and a thank you for the synopsis. All I can say is after reading this I am not surprised the Secret service does not want
protesters at G20. Perhaps it is time to call Osama.... [/sarcasm]
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reply posted on 1-9-2009 @ 11:08 PM by rygi23
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Thx for the factual post. This is the kind of info-gathering we need to spread the word on a much needed exponential scale. Ofcourse, knowledge is
power. If ALL of us soaking it up like sponges present these facts to those around us, instead of the more vague method of presenting whatever comes
to our minds at given moments, then I'd say we can more effectively empower EVERYONE to being able to make preparations. The internet is helping the
free flow of info, but EVERYONE is not going to research on thier own until we convince the of the truth that is awaiting them in the near future (not
to mention, the president has just been given the authority to simply turn off the internet in times deemed by him to be necessary). The rule
"word-of-mouth is the best advertising" I think definately should be one main motto in any movement to tell facts and spread truth, and will be the
only means if/when we lose the internet. Sorry for the sermon, I enjoyed the post that much ;o)
[edit on 1-9-2009 by rygi23]
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reply posted on 1-9-2009 @ 11:40 PM by Evasius
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+6 more
And let's not forget how this economic catastrophe exploded into our daily lives. Below is a timeline of articles reported on 'Business Day.'
Rather than reading each article, a quick perusal of the headlines should jog your memories as to how all this originally played out.
September 10, 2008
Lehman Brothers shares sink 45%
September 15, 2008
Lehman collapses, Wall St fights
meltdown
September 16, 2008
Bank of America buys Merrill Lynch
Lehman's fate may trigger
re-ordering of global finances
B&B caught in Lehman fallout
September 17, 2008
Goldman Sachs posts worst quarter since
IPO
AIG on the brink as hopes mount for
rescue
US bails out AIG
September 18, 2008
Going gets tough, so Bush tries
socialism
Workers brace for next disaster
US forced to seek cash for Fed
Panic hits Wall Street titans left
standing
Central banks in rescue bid
September 20, 2008
US brings out big guns to fix credit
crisis
September 22, 2008
Goldman, Morgan Stanley no longer
investment banks
Congress urged to back $US700b bailout
September 23, 2008
Rescue to include foreign banks
Bailout details still a mystery
September 24, 2008
Financial crisis takes centre stage at
UN
Paulson warns of dire
consequences if bailout delayed
Buffett buys into Goldman Sachs
Battle heats up over US bailout
Goldman sells $6b stock, doubling planned
offer
September 25, 2008
US facing 'grave threats' to financial
stability
September 26, 2008
Bush hits the panic button on crisis
US seen losing financial superpower
status
Economists warn against rushed rescue
JPMorgan takes over Washington Mutual
US bailout plan in limbo
September 27, 2008
Largest ever bank failure
September 29, 2008
Fire sale of Bradford & Bingley
as nationalisation looms
September 30, 2008
Citigroup swallows Wachovia as
banking woes spread
Stakes too high to abandon rescue
plan: economists
Bailout deal voted down
October 1, 2008
Sell, sell! The day the House sold out
Wall Street
Europe scrambles to save banks from
meltdown
October 2, 2008
US Senate passes bail-out plan
October 3, 2008
People have never been so fearful, says
Buffett
October 4, 2008
US passes $900b rescue plan
October 6, 2008
A shattering moment in America's fall
from power
Iceland's economy on brink as lender
falters
Bail-out fails to buoy markets
October 7, 2008
Paulson, Bernanke consult as $980b
rescue plan readied
European leaders pump billions to
counter crisis
Sharpest slide since 1987
Europe battles to contain crisis
Iceland gets $7.6b Russian loan to halt
meltdown
October 8, 2008
European disarray as all go own way
IMF warns of major downturn
...and what a downturn it has been. But like you said above, it's not over.
When comparing this entire debacle to a ski-jump slope, we're just at the point where we leave solid ground and enter free-fall. Just how far below
us is the ground, and will we land on our feet?
To be honest I doubt we're even wearing skis:
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reply posted on 1-9-2009 @ 11:44 PM by jam321
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Close to 600 Bank of America locations to be closed.
Saw on the news the other day that BOA wanted to repay half of the money it got from the government. I guess now I know where they are getting some of
their money to repay that debt.
Great thread.
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reply posted on 2-9-2009 @ 12:01 AM by sanchoearlyjones
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Thanks, exmissletech, and timewave. You've both proven to me the worst is over  I can go back to life as normal Also, the banks, govt.,
power elite love me 
In all seriousness excellent, excellent thread.
Death to the NWO, and down with the b@st@rds in power 
S&F
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reply posted on 2-9-2009 @ 03:01 AM by eldard
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Aw, I remember that October 6. That was just after reinhardt's favorite group wrapped up their meet. The market immediately dived just after the
opening bell. It plunged 800 points but within the last two hours or so soared 500 so down 300 for the day. Some $2 trillion were lost that week.
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reply posted on 2-9-2009 @ 04:03 AM by Genfinity
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I am shocked but I'm not.
I'm not sure were to invest what little I have left. In the end, it probably won't matter.
The change train is coming. I'm not sure whats on it but I am certain I won't like it.
You think it's bad now over the health care issue? Wait until it's so bad, we forget about the health care issue.
Oh sure, you can hoard food, water, and ammo. But happens when you run out of food, water, and ammo?
Then what?
I have to end this post now because I keep drifting off thread, deleting it, and trying again. I give up.
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reply posted on 2-9-2009 @ 04:16 AM by Rams59lb
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I second, third and fourth the motion that this is a fantastic thread backed up with factual links and lays it out so clearly that I truly have
nothing more to say besides BRAVO! S&F
I love the sky jump scenario as an added kicker. This sucks though!
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reply posted on 2-9-2009 @ 04:50 AM by nocensorshipplease
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Thanks for putting all of these articles together. Great find and very scary. I too don't understand how the stock market has been showing some
recent gains. I think it is being inflated on purpose by our government and will tank soon.
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reply posted on 2-9-2009 @ 04:53 AM by VirginiaGreen
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S&F for shizzle. I must add that I am also glad to see a post relating to our spiraling economy backed by solid citing and evidence gathering. As for
the future...whatever...if our economy must fail and millions thrust into poverty for the betterment of the world as a whole so be it. Maybe people
will finally lose all faith in the current system and we can start building a system based on empathy, love and global need...shah, and monkeys might
fly out of my butt (wayne's world)...here's to wishful thinking...good luck my brothers and sisters.
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reply posted on 2-9-2009 @ 05:00 AM by InOurNature
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Someone have any analyse how this will inflect the rest of the world?
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reply posted on 2-9-2009 @ 05:23 AM by Spock Shock
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Loved the skijump analogy, the minute my bank equity stocks start to take a turn for the worst im pullin them right out... even when negatives are
slamming me in the face I still like to remain a bit optimistic and would like to see it play out into my own life a tad...
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reply posted on 2-9-2009 @ 05:28 AM by MischeviousElf
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Good Collation,
I am very very suprised it has not slipped yet as such, thinking strongly it would be spring this year.
Keynes has been ressucected, however it was shown in the 70's and 80,s his unique approach did not work in the modern world of the markets and
only really had a place in the very differant world of the 30's and 40's 50's. (not saying the opposite as touted to keynes then and the rampant
march of capitalism under Mein Thatcher and Regan et al proved this, or was the alternative though!)
I heard last night and checked Britain is using abbout 90% of its Quantitatvive Easing (or monopoly money, devaluing the currencing Keynes style)
to purchase its own Gilts and Bonds....
This was never never done in the original post depression Keynesian bailout, instead the printed money was used to fund public works etc, this
amount of self purchase is an experiment in the mildest terms and is as we speak devaluaing the entire GB Plc every second, and further endebting it
for probably a hundred years or more, unless of Bankruptcy is the aim.
I still see people who seem to have lost all of their rational approach to the realities of what and is going on now, with the low interest rates
making those able to get credit thinking and saying "It is cheap" " or it only costs (x amount) a month to borrow more), the same motivating factor
that brought on the original sub prme situation, and it baffles me. Though to be fair I understand it as if a Nuclear Phycisist started trying to
explain to me the very deep levels of Star Formation I would be lost very quickly.
With experience in the field of economics both Macro and Micro it seems so plain to me and for a long time many many on ATS to have seen this, and
really is only a situation of Timing rather than when and if.
The real fear for me, is not the terrible effects of housing, education health etc for the average joe in the west, as bad as that is, but what this
as historically has always led to will unfold into. World War is a real possibility in a resource grab, My God look at 9/11 Iraq Afghanistan etc hen
everything was prospeous etc...
The true worldwide implications of this trigger event are a very real, apparent and looming danger.
Hopefully I am wrong, Keynes hiumself stated somewhere though I forget when or where that you cannot use historical data and such like to predict or
react to current financial situations, which I disagree with, you can use them for a "Flavor" or the upcoming events and trends if only from a
Sociological and political point of view. Considering he said this, and all of the world western leaders are clutching at his solutions for a previous
unrelated depression leaves a sign of the panic, or lack of unique and new ideas of how to proceed in this situation in the echelons of world
economics.
Hopefully though Keynes was right, and my fears of the coflicts to ensue in the years following the last part and end, of the rollercoaster ride of
the Free Market Show are in fact, not to be worried about as even though every such precedent in history has previously, created global or maJor
conflicts beyond what any in our generations can even imagine, this according to the Giant of the 20thC Keynes has no basis of playing out in the real
world, if his economic views can be extrapolted to geo political situations.
Kind Regards,
Elf.
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reply posted on 2-9-2009 @ 05:44 AM by Adamus
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In modern history the USA has been seen as one of richest nations in the western world. I have only one question - where has all the money gone?
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reply posted on 2-9-2009 @ 06:31 AM by 21st century man
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My first post! And on such a dire topic.
Good work on the research, and like the visual ski jump.
I can't help feel two things, 1. - What can we do? We can help ourselves and our immediates, but on a large scale the MSM have got it sewn up. 2. If
TBTB are so in control, why are they allowing such open discussion and speculation about this upcoming crash? Wouldn't this then suggest they are
allowing us-the great unwashed - to fret about this whilst something is happening in the shadows?
Maybe I'm just hyper paranoid!
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reply posted on 2-9-2009 @ 06:34 AM by calstorm
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reply to post by Adamus
That's why we want to audit the feds! well, some of it can be accounted for in those bailouts and stimulus packages, and of course we have had this
so called "war on terrorism."
All I know is my as of yesterday has a different name and I was never told any thing about it. When I went to long in to check my balance it came up
under a different name, I was all like "huh?" No letter, no warning? Well, I really wasn't all that surprised but still...
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reply posted on 2-9-2009 @ 06:59 AM by IDK88
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But what about REAL PRODUCTION...? Its not enough that too much money is in the system or that other paper markets implode...to be another Zimbabwe,
the United States would have to simultaneously experience a collapse in productive capacity.
As it is, America has a hyper surplus of industrial and agricultural capacity that sits idle. What's "Their" plan to overcome this minor issue?
[edit on 2-9-2009 by IDK88]
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reply posted on 2-9-2009 @ 07:48 AM by kosmicjack
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And in case you were wondering where all of the many went...
www.jmooneyham.com...
It's not hard to conclude that it was a plan to divest middle class citizens world wide of their assets.
I had to laugh this morning when a talking head on T.V. mentioned how much more financial sector CEOs would make this year following this summer's
stock surge.
Performance bonuses for the good times and retention bonuses for the bad times - they make money no matter what.
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reply posted on 2-9-2009 @ 07:56 AM by warrenb
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reply to post by Ex_MislTech
Should add the fact that it has been revealed that...
All told, High Frequency Trading Programs HFTPs control 70% of trading volume on the NYSE.
However, at this point, five stocks (yes only five) account for 40% of the trading volume on the market. Those five stocks: Citigroup, CIT Group,
Fannie Mae, Freddie Mac, and AIG. Think about that, five stocks out of several thousand, are accounting for 40% of ALL trading.
www.abovetopsecret.com...
It's a wonder that this news hasn't crashed the market. Unless of course everyone is doing it or doesn't want to believe it's happening?
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