Financial Collapse summary - confirmed & suspected events.

Originally posted by cpdaman
lcmgroupe.home.comcast.net...

read this guy.....here's his last

thanks for the read link, will keep it on a weekly read schedule.


the overall Financial Collapse will be more of a shift than a collapse,

in the bigger picture, the NYSE & NASDAC, are going to be relegated to a inferior status... while the several Quadrillion 'Derivatives Markets' will gain the Alpha role in a hybrid economic system.

we commoners & serfs will abide in the coinage economy, while the Coprorate owners of the homeland (us congress) operate in a strateosphere of finance, which trickles down to fund some commerce activity for the commoners.
the trends are already here....
the high flying banker/broker/economist elites>
corporate oligarchs>
the transition class>
the bargain/barter/coinage class


it is no longer wise to be nostalgic for a Mayberry RFD economy or world,
the baser instincts of business men have taken capitalism from being once a solidarity movement of unity (at least in WASP America) to being a dangerous place... one must adapt to survive the assaults by 10s-of-thousands of self interested parties, some of which are loosely banded together for the prospect of gain... but remember there is no-honor-among-thieves... so all these oligarchs and preditatory capitalists will destroy themselves....
the first salvo being the restructuring of business ethics & market manipulations that go against the national interest and strategic necessity.

but that should take another decade for that to gain a contingency with enough power to thwart the sociopaths in power today.

I have the impression that what is happening right now is highly staged - and I'm referring to the "politicians vs markets" deathmatch

All those statements from worldwide leaders that "we are battling the markets" and that "we need global financial governance", coupled with the mainstream media spotlight on Goldman Sachs, indicates that

a) Goldman Sachs has been allowed, as a pawn, to manipulate the markets and hit those amazing trading streaks
b) Then, it is blamed for what it did (we're at this stage now) and becomes the perfect excuse for global regulation (next stage).

Aside from this being necessary for the NWO in consolidating control, I think there's probably another reason for this.

We're at a point where information, pattern recognition and even applied intuition can make a difference in the markets by some individuals. Let's say one very clever individual has found a tremendous algorithm and is applying it to dominate the world markets, or one other individual is using his intuition to do the same, etc. These can't be allowed to do this because it threatens the power of the Elite - and I believe that they have estimates showing that there will be an increase of the "smart individual" trend. And for this reason they need the governments to regulate "profiteering", lol.

[edit on 16-5-2010 by SIntegral]

This HAS happened before.... in 1345AD.

A group of merchant houses in Milan, Florence and Venice gained absolute control of the known-world market and blossomed whilst the "real economy" sagged. Western Europe was flooded with cheap slave-labour products from China, occupied by the mongols at the time.

IN 1342AD, the first crash took place, but a sort fo a bail-out was raised, crippling all the national economies across Europe. On 17th January 1345AD, 666 years ago, England which was bogged down in difficult wars such as the occupation of Wales where it was fighting a ceaseless guerilla war, finally defaulted on its national debt, triggering the collapse of the Bardi and Peruzzi merchant houses.

Results?

= Total economic collapse f
- Collapse of all available credit
- Collapse of all trade
- Any hospitals or schools that had existed pretty much closed
= Disease like plague spread like wildfire

60 years later, the world population had fallen by 30%.

It took 150 years for the world to recover.

conside this: keeping the same fraudlent rating agencies... the cream-of-the-crop as it were... this is a snip from a weekly newsletter thing i get emailed...

here's the latest on one aspect of the 'reform, financial type'

By Ian Mathias
Baltimore, Maryland

When it comes to the post-crisis world of American finance, there's one thing we can all agree on:

Something's got to give when it comes to ratings agencies.

Over the past decade, we've all witnessed the "big three's" role in the credit crisis. S&P, Moody's and Fitch gave their famous AAA ratings to an array of troubled securities, companies and nations. Not only did they issue the wrong ratings - and correct those ratings far too late - but their dubious business model was put under the spotlight, too... ripe with conflict of interest and suspicious relationships with their Wall Street clients.

Thus, rating agency reform would appear to be a legislative home run...a slow moving softball pitched right into the sweetspot of financial reform.

Well, Congress just effectively whiffed.

Earlier this week, the House and Senate removed the one amendment in the coming financial reform bill that addressed the ratings agencies. In its place - really, you can't make this stuff up - Congress will commission a two-year SEC study. The SEC, apparently not busy enough, will spend the next couple years poking and prodding the agencies and ultimately deliver Congress a report, which will announce whether a conflict of interest really does exist, and the Commission's advice as to how to fix it.

Now, we will admit, the "reform" that this study will replace was a complicated mess. The brainchild of Senator Franken, it was a plan all too typical of Washington: The amendment would have empowered the SEC to set up a new agency with its own fun acronym (the Credit Rating Agency Board, or CRAB) which would in turn give the ratings agencies new sets of hoops to jump through and papers to file. In short, we don't' blame Congress for wanting a different solution.

But a commissioned study by the SEC? C'mon.

MY INPUT:

we all have Sen Dodd, mostly to thank for gutting out all meaningful 'reform'... a term that merely means repackaged...because there is no meaningful changes or oversight safegards for any of the global community or the public...its all a white-wash project

What Congress ought to do is act, not create a sub-panel, or a study, or punt this to the next class of congressmen (which is essentially what this study is doing). What's needed is a tough decision - one that will have immediate consequences and send a message to the ratings world: Either get it right, or as Donald Trump would say, "you're fired."

We certainly don't have a monopoly on all the right ideas, but why not start by stripping S&P, Moody's and Fitch of their status as Nationally Recognized Statistical Ratings Organizations? The SEC bestows such a distinction. Basically, the biggest, best, most trusted raters in the world are given the NRSRO seal of approval, which is supposed to assure clients and investors that they're trustworthy. It's one of the central reasons why the "big three" have such a chokehold on the ratings universe. Only seven other firms - in the entire world - hold the distinction.

So, how do you get this SEC blessing? Read their explanation... and try not to snicker:

"The single most important factor in the Commission staff's assessment of NRSRO status is whether the rating agency is 'nationally recognized' in the United States as an issuer of credible and reliable ratings by the predominant users of securities ratings."

Are S&P, Moody's and Fitch not "nationally recognized" fools, at best? Is there a living soul left that would consider their ratings "credible and reliable?" Here are some more SEC standards for the NRSRO privilege:

"The [SEC] staff also reviews the operational capability and reliability of each rating organization. Included within this assessment are... the rating organization's independence from the companies it rates... the rating organization's rating procedures (to determine whether it has systematic procedures designed to produce credible and accurate ratings)..."

Ha!

So, we ask the SEC and Congress: Why not remove the "big three" from this club? In fact, since the credit crisis has proved this NRSRO status to be largely useless, why not abolish the designation all together? It's a rare situation in business legislation that a level playing field isn't a good thing...and this doesn't seem to be one of 'em.

And if it was, in fact, the SEC's own NRSRO system that empowered the big three to make such awful mistakes, what faith should we have that this new study - to be conducted by the SEC - will be of any use?

In the meantime, we can't help but wonder if shares of ratings agencies and their parent companies are a contrarian buy. Both the American free market and legislature has shown the will to reform and revolutionize this sector, but now more than ever, it appears no one will have the stones to do it. Thus, despite being so universally disliked, at this stage it's hard to see the "big three" doing anything else but business as usual.

Ian Mathias
for The Daily Reckoning

first lets repeal the removal of the Glass-Steagal Act then do what else must be done to do away with any derivatives markets that bring down the foundations of sound economics by causing a casino character to prevail instead of production/industry/innovation/workforce employment...
all those essential factors are left on the doorstep as merely eelements of making profits at the expense of a sound economic engine... the Chinese way of capitalism looks better to me every time Congress & the regime concoct remedies to the financial-economic crisis

U.S. Stripped of AAA Credit Rating...By China?!
www.zerohedge.com...

by knukles on Tue, 07/13/2010 - 08:33
(...)

Further, the ratings agency so promulgating such is held to be of an independent nature, whilst domiciled in ...China. Verily, the landlord of American sovereign finance, the decision published not only in but publicly announced at the official organ of the Chinese government.
(...)

that comment nails it.

the majority of Stock market crashes happen in October. Cant wait to see what happens this October.

I think, if they implode the economy, people will realize that Ron Paul was right. So, in order to not let this happen, they will try their hardest to make sure the economy always appears as if it is going good, regardless of how horrible it really is. So you can have faith that their hatred of Ron Paul will prevent them from obviously ruining the money supply.

Another way of looking at it is if the economy implodes welfare goes with it, and millions of people on welfare will most likely die of starvation, this might be their intended goal. Some of the wealthy will survive, and most of the middle class will be destroyed by debt, forcing them into the working class.

And thus you have a large working class, and because of dilapidation and societal decay, you have a large population base for the military.

Welcome to the 21st century!

reply to post by Evasius


I have been involved in the stock market for some time. I am now 60 years old. I see everyday, the fall of the dollar, interst rates at all time low, record prices every day in gold prices...yet the stock market continues to go up. WHY & HOW. don't tell me big business is controlling the market. I will not buy that. Do not post a reply just to reply or give your opinion...we all want real facts. We hear daily some of the people giving responses that the market is going to crash on this day or that day...what do you base your opinion on, I read the same negative things and yet the market goes up. This makes no sense to me. Only real replys please, no bull_hit.

Thanks to OP for posting.

The Hyperinflation videos are great.

Originally posted by chilipep7
reply to post by Evasius

 

I have been involved in the stock market for some time. I am now 60 years old. I see everyday, the fall of the dollar, interst rates at all time low, record prices every day in gold prices...yet the stock market continues to go up. WHY & HOW. don't tell me big business is controlling the market. I will not buy that. Do not post a reply just to reply or give your opinion...we all want real facts. We hear daily some of the people giving responses that the market is going to crash on this day or that day...what do you base your opinion on, I read the same negative things and yet the market goes up. This makes no sense to me. Only real replys please, no bull_hit.

Thats what i call a hateful response and you know what? i love when people respond like you and claim they have been in the stock markets for some time or more and don't want to hear doom and gloom replys of there pretty stock at the market and yet have no clue who's in the control of the markets.

And wont want to hear about big business is controlling the market, i am afraid big business & goverment is controlling the markets, to rise up the stocks at will.

yet the stock market continues to go up. WHY & HOW. don't tell me big business is controlling the market. I will not buy that.

Oh why not because you are afraid of the truth? and yet you claim you have been in the markets for 60 years, i guess that means you are rich.

I read the same negative things and yet the market goes up. This makes no sense to me. Only real replys please, no bull

Markets go up because mainly they are fabricated rise stocks, the markets rise because they are been told to rise, or more like a big sell off.


I am not totally surprised most of you people here on this thread aren't buying the other market crash, but i have been following the markets, and lets remember with the dollar falling and higher food prices going up.

Its only matter of time.

reply to post by chilipep7


People just trade what they see. The governments and banks are constantly spinning the news with "better than expected" data and "the recession ended in June 2009" and "We will do whatever it takes". Traders know it's just spin and lies (at least most do) but it doesn't matter because if you're a trader and you know there is no real recovery and so you are very bearish in anticipation that the market is going to collapse then you aren't going to make a lot of money. You have to trade what you see. If you see a report by the government that has been spun to make the economy seem better than it is but you know full well that it isn't, it would be wise to expect the markets to rally off of it regardless.
This is whats been happening, the markets are being cheer leaded to the moon.
The technicals were looking extremely bearish for a while but it doesn't matter when the markets are being cheer led to higher highs. But when it's ready to come back down, boy will it come down.

Originally posted by SpaceMonkeys

This is whats been happening, the markets are being cheer leaded to the moon.
The technicals were looking extremely bearish for a while but it doesn't matter when the markets are being cheer led to higher highs. But when it's ready to come back down, boy will it come down.

the 'cheer leading' is more like the 21 Sept announcement tha the FED was going to do QE2...
and days before that it was Bernanke who stated that the FED would even start buying private investments
(we know he did not mean mortgage bonds as the FED has been doing that since 2008)
the best strategists have determined that the FED was cleverly saying they would be buying S&P equities as a way of inflating the economy & markets....
its a read between-the-lines statement not an outright policy scheme.



since manipulating monthly figures as to the economy is backfiring, the FED/ USTreas had to ramp up to a second stage of economic engineering and thus the promise to do the unexpected.

It's the POMO effect guys. And watch that USD H&S pattern like a hawk. If confirmed, it will be a rapid descent to .72.

September 27, 2010

Graham Summers’ Weekly Market Forecast (H&S Edition)

Last week I forecast that we would see a reversal in stocks. The market did indeed show signs of breaking down on Wednesday and Thursday, however, the Fed’s juice managed to keep stocks afloat and closing in the green for the week.

All told, the Fed injected more than $10 billion into the market directly via its three Permanent Open Market Operations (POMO) pumps. However, Bailout Ben wasn’t content with mere open market juicing, so he pumped another $10 billion into the system “behind the scenes.”

Full Text + Charts

money.cnn.com... i didnt see this article posted here yet but i was only on page 4 when i posted this but from what my little knowlege of econionic stuff this looks like one guy wrote in a bad program and some how crashed part of the market to make a bunch of money or something did i read that right or am i off base?

And we now have Foreclosuregate

If you work in the mortgage industry or for a title insurer, you might not want to make any plans for the next six months. Foreclosuregate is about to explode. It is being alleged that many prominent mortgage lenders have been using materially flawed paperwork to evict homeowners. Apparently officials at quite a few of these firms have been signing thousands upon thousands of foreclosure documents without even looking at them. In addition, it is being alleged that much of the documentation for these mortgages that are being foreclosed upon is either "improper" or is actually "missing". As lawyers start to smell blood in the water, lawsuits challenging these foreclosures have already started springing up from coast to coast. In fact, some are already calling Foreclosuregate the biggest fraud in the history of the capital markets. JPMorgan Chase, Ally Bank's GMAC Mortgage and PNC Financial have all suspended foreclosures in the 23 U.S. states where foreclosures must be approved by a judge. Bank of America has actually suspended foreclosures in all 50 states. Now, law enforcement authorities from coast to coast are calling for investigations into this controversy and it could be years before this thing gets unraveled.

theeconomiccollapseblog.com...

reply to post by burntheships


Thanks for the info but I am already giving info to an out of state lawyer working on a class action lawsuit against one holding company. They have already contacted my lawyer with my blessings.

Missing a link:

www.deepcapture.com...

here's a factoid about the (deliberately engineered) economic collapse which began before the 2008
'eruption point'... when the financial landscape Blew UP...


the monied elites just don't want this film to be circulated to the public....

heres the trailer, and more...



www.sonyclassics.com...


here's the more....

BURYING THE TRUTH IN A TIME OF LIES

In August, theaters in the US began showing the trailer of Inside Job, a movie that promised to explore the truths behind the economic collapse that has leveled much of the world’s economies and banks since 2008.

A $20 million effort written, produced and directed by MIT grad Charles Ferguson was scheduled for theatrical release in early October 2010 by Sony Classics; and a great number, including myself, anticipated its release—a release, however, that was to be far different than expected.

Two weeks ago, I wondered what had happened. The movie had not opened here as scheduled and the trailer was no longer being shown in theaters. I then discovered Inside Job was playing at a local independent theater with virtually no publicity.

The film is as riveting as its trailer promised, see www.sonyclassics.com... Ferguson’s pointed questioning of bankers, government officials and business school professors exposes his subjects for what they are, i.e. educated, overly-confident, smarmy, self-excusing promoters of Wall Street’s greed who had sold themselves to mammon in order to further their own ambitions.


To understand how Inside Job was silenced (yes, it was “an inside job”), a comparison can made to other movies released in 2010

Leap Year budget: $19 million opening screens: 2,511
Legion budget: $26 million opening screens: 2,476
The Tooth Hurts budget: $48 million opening screens: 3,344
Edge of Darkness budget: $60 million opening screens: 3,066
Inside Job budget: $20 million opening screens: 2



If you don’t see the movie you won’t be enraged—and that’s exactly what they’re counting on.

source: www.marketoracle.co.uk...


no you tube exposure, only 2 pitiful 'Art' movie theatres showing... maybe we can get an underground
network going... to show the film which shines a light on the Wallstreet/Fed/Treas unholy alliance

Originally posted by chilipep7
reply to post by Evasius

 

I have been involved in the stock market for some time. I am now 60 years old. I see everyday, the fall of the dollar, interst rates at all time low, record prices every day in gold prices...yet the stock market continues to go up. WHY & HOW. don't tell me big business is controlling the market. I will not buy that. Do not post a reply just to reply or give your opinion...we all want real facts. We hear daily some of the people giving responses that the market is going to crash on this day or that day...what do you base your opinion on, I read the same negative things and yet the market goes up. This makes no sense to me. Only real replys please, no bull_hit.

My understanding is that the so called "experts" are also a bit flummoxed by the relentless rise of the footsie. The price/earnings ratios are way out of kilter, even allowing for an optimistic future earnings growth.

My guess would be that the bank's losses that led to the bailouts was largely notional, as the "money" they claimed to have lost never even existed in the first place. The QE allowed them to "create" real money, which is now sloshing around the stock markets, earning profits for the banks and the crooks within.

reply to post by Ex_MislTech


This financial armageddon sounds kind of bad. I guess it's time to start using that
really cool technology out at Area 51 so we can go to the asteroid belt can grow the GDP.
Jobs - Jobs - Jobs !