It all ends Monday [UPDATED]

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posted on Nov, 5 2011 @ 08:46 AM
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Originally posted by marg6043
reply to post by DangerDeath
 


I wonder now about that, Danger, because the links of the Goldman and JP Morgan had with the MF, we know also how their tentacles spread all over the world with their partner firms, that to me is nothing but more extensions of their corruption.

Sometimes I wonder how truly solvent this entities really are.



If you bring them into the open, they are not solvent. But if they increase margins, they will eliminate lots of small and medium investors and grab it all. It is even better for them than bailouts.

If this happens, it's a purge, a medieval bleeding cure




posted on Nov, 5 2011 @ 08:51 AM
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i must have missed something... the thread started out with the CME raising the partial 'Margin requirement' from 26% to EQUAL...(whatever that means) .... on this Monday, Nov 7th


Then the focus is on a Bank Run kind of thing starting with the Saturday bank transfer day campaign...on a Saturday 5 Nov does not compute...
my depository bank had since closed their Saturday operations after last Labor Day, the end of the tourist season and extended banking services for summer and the CreditUnion i would get an account with is closed on Saturdays,
so the whole bank run and collapse of the money markets is a non-starter to my worldview.


all i see on the immediate horizon in response to increased margin requirements is that the small stock/commodities/futures players will be squeezed out of participation... leaving mostly the Federal Reserves financed, market-maker firms and their dozen or so investment banks (disguised as bank holding companies) as the market movers in the casino gaming stock & financial markets here in the USA & affecting all the other global markets as well


it will be a speed bump & the markets will adjust...minus the mom & pop savers



posted on Nov, 5 2011 @ 08:52 AM
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reply to post by DangerDeath
 


I agree, so they create downfalls and scandals from smaller firms to keep the attention diverted from them, they are good, so very good. Is obscene.



posted on Nov, 5 2011 @ 08:56 AM
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reply to post by St Udio
 


That is why I will seat on this one and wait to see the real deal behind the issue.

America's economy can not fall again, after 2008, is not going to happen to much as stake.



posted on Nov, 5 2011 @ 08:56 AM
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reply to post by TheSandMansExecutioner
 


You brought up a valid point for discussion - wages through banks. What happens if your boss has his profits and employees wages kept in the bank and then the bank collapses? Would your employer be able to pay you?

Let's look a real scenario. MF Global went bust and there were hundreds of millions 'missing'. Many depositors and gamblers are turning to begging them to give back the money, but as we know, MF Global lost big time on sovereign bond gambles. And MF Global is but the tip of the ice-burg of many other banks exposed naked today.

What happens if your employer has his funds there?

Thing is, govs will only guarantee up to a limit of depositor funds. So your boss will still lose much. Extrapoliate that to the economy, there will be riots on the streets if workers do not get their pay. As least for pensioners or upper middle classes whom had lost on MF Global, those were only savings. They would still have means to live, but workers who depend on wages for day to day living will run amok in the streets.

Therefore, your employer must first ensure that his funds are in safe havens now and not in heavily exposed culprit banks, to ensure he and his workers survive.

Secondly, for those companies that had not got out quicker, will have to seek the gov for solutions - perhaps selling/loaning a part of stocks or assets in exchange for some loose change to get the biz running and pay workers, using the US treasury bond mechanism, as mankind still have needs to be met, and ensuring stability on the streets.

At least this manner, through direct intervention by gov, there is oversight and control over the funds used. If gov fund banks instead and depend on them to help the economy, it will fail as proven in the 1st bailout where the banking class only helped themselves and no one else, and worse, created far more mayhem than 08.

Let the banks fall and new ethical ones arise.



posted on Nov, 5 2011 @ 08:57 AM
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reply to post by Vitchilo
 


The link that you pasted states Billions NOT trillions. Thats a HUGE difference . And I'm hung over . And My head hurts . Op can you explain this in plain English , without the abbreviations please?



posted on Nov, 5 2011 @ 09:03 AM
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Dont worry. it wont end on Monday. Modern Warfare 3 releases on Tuesday and Activision ain't going down that easy. After all they spent 20 minutes making that game.



posted on Nov, 5 2011 @ 09:11 AM
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Originally posted by DoctorSatan
Dont worry. it wont end on Monday. Modern Warfare 3 releases on Tuesday and Activision ain't going down that easy. After all they spent 20 minutes making that game.


20 minutes is the amount of time one will play that game till some 12 year old knifes you as you shoot him 10 times at point blank for the 100th time. Then one will give up and go play something less cheesy. Nothing beat MAG too bad that game was too hard to stay active on PS3.

But I digress.. The only thing ending Monday will be Sunday. And there will be another one next week. I curse you all with these words " may you live in interesting times"

Life is good.



posted on Nov, 5 2011 @ 09:44 AM
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Obviously the banks know about this day, so I'm pretty sure that they already have something planned to make it that much harder for you to close your account. Not to mention, if crowds of people start pouring in to close their accounts, they will call the police. With the way things are going, I can see one of two scenarios.

1. You get there early enough, and you are able to close your account...after a long discussion with the banker trying to convince you not to.

2. You show up with a mob of other people trying to close your account. The police are called. You go to jail.



posted on Nov, 5 2011 @ 09:50 AM
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reply to post by SeekerofTruth101
 


No only wages through banks but about everything is run by banks this days, what a shame, we have allowed the banking cartel and financial institutions to take over our nations wealth.

Sad, for those that have not clue how the system works they can sleep better at night but for the rest that knows how the biggest scam in history works is nothing but nightmares.



posted on Nov, 5 2011 @ 09:50 AM
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These last few weeks international finances has been like a big sea going ship in a storm.

They shift the heavy loads from side to side to try to accomodate the gyrations of the ship.

With each adjustment the gyrations grow in intensity, causing an increase in adjustments.

After a while the ship becomes totally unstable and overturns, sinking to the bottom.

Happy landing....hope you have all prepared with the four essentials, Food, Water, Guns and Ammo



posted on Nov, 5 2011 @ 09:51 AM
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reply to post by surrealist
 


Looks to me like reality called in its marker.

So far this year I have been killed off so many times I cant even get life insurance any more.
Aliens ? They are more a reality then this end of the world nonsense.
This site is filled with people who say the Bible is nonsense. The prophecy is nonsense and yet it also seems like everyone got a little crumb from this cake and ate it.



posted on Nov, 5 2011 @ 09:58 AM
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I am poor today. I will still be poor on monday. The money in the bank right now is just enough to cover what bills I have to pay next week. This weeks paycheck will go to paying the ones due the week after that. I am the 99% and I live hand to mouth. My stock portfolio is a joke. I dont have money to invest. I dont own stock. I dont even own my house all the way yet. I do own my cars. Both are paid for. Both were bought used. I have never had a brand new car and I probably never will.
How many of you are in my boat? How many wont be affected one way of the other come next week? Will it really make a difference in your day to day if this happens?
I know it wont affect mine. I will still go to work for my little paycheck, my husband will go to work for his and we will continue this life one minute at a time like we always have.



posted on Nov, 5 2011 @ 10:01 AM
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reply to post by Vitchilo
 


So, here is my question...My husband and I do not trade. We have never done any business with stock markets. We do however have our mortgage and our checking, business and savings account with Wells Fargo. What should we do? (obviously, I realize this may not be a forum of economic "specialists" so I will of course as well do my own research ... what little I know to do, but I will greatly appreciate the advice either way) All we have are pretty much normal accounts... from what I understand...I've been told its actually against the law to have more than 10k in cash out of a bank..is this true? And..if we move our money, what do we do with it?



posted on Nov, 5 2011 @ 10:03 AM
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Originally posted by karen61057
I am poor today. I will still be poor on monday. The money in the bank right now is just enough to cover what bills I have to pay next week. This weeks paycheck will go to paying the ones due the week after that. I am the 99% and I live hand to mouth. My stock portfolio is a joke. I dont have money to invest. I dont own stock. I dont even own my house all the way yet. I do own my cars. Both are paid for. Both were bought used. I have never had a brand new car and I probably never will.
How many of you are in my boat? How many wont be affected one way of the other come next week? Will it really make a difference in your day to day if this happens?
I know it wont affect mine. I will still go to work for my little paycheck, my husband will go to work for his and we will continue this life one minute at a time like we always have.


I'm in the same boat, although my boat is probably smaller. The only way it effects people like me and you ( I think) is it will be that much harder to "live". Food prices will rise even more. It is about time to sow seeds and get plenty of guns and ammo. Who knows what will happen, if anything. Tomorrow is not promised so...we may not even make to Monday.



posted on Nov, 5 2011 @ 10:11 AM
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Originally posted by Vitchilo
This is gonna be EPIC. This will trigger TRILLIONS in margin calls. And not just one or two trillions, dozens if not HUNDREDS of trillions in margin calls. (yes bigger than the world economy)


How did it go from "a margin call for tens if not hundreds of billions worth of product. -ZH" to "hundreds of trillions"?



posted on Nov, 5 2011 @ 10:16 AM
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reply to post by Nkinga
 


I can only speak for myself, I will keep my money in the same bank we have for the last 25+ years, what else can we do, but keep a small stach for a raining day in cash, just like you will do if it was a natural disaster approaching, we always do in case of an emergency regardless if is economic or natural.

Whatever happen monday will not really affect what you have in the bank just for those investing in the markets, if is something our government can not afford right now is another economic crash of the too big to fail.

Just let the printing presses fix it all like they have been doing since 2008.



posted on Nov, 5 2011 @ 10:18 AM
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Originally posted by romanmel
These last few weeks international finances has been like a big sea going ship in a storm.

They shift the heavy loads from side to side to try to accomodate the gyrations of the ship.

With each adjustment the gyrations grow in intensity, causing an increase in adjustments.

After a while the ship becomes totally unstable and overturns, sinking to the bottom.

Happy landing....hope you have all prepared with the four essentials, Food, Water, Guns and Ammo


Same thought I had. They spilled oil to calm the sea for a minute, but then it gets a lot worse



posted on Nov, 5 2011 @ 10:20 AM
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See you here this time tomorrow and you can explain to me how I haven't lost my savings.
Note I'm not a rich guy and I don't support the corrupt current system, and yes it is shaking on its foundations, but if the 'end' comes it won't be on Monday.



posted on Nov, 5 2011 @ 10:24 AM
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Originally posted by karen61057
I am poor today. I will still be poor on monday. The money in the bank right now is just enough to cover what bills I have to pay next week. This weeks paycheck will go to paying the ones due the week after that. I am the 99% and I live hand to mouth. My stock portfolio is a joke. I dont have money to invest. I dont own stock. I dont even own my house all the way yet. I do own my cars. Both are paid for. Both were bought used. I have never had a brand new car and I probably never will.
How many of you are in my boat? How many wont be affected one way of the other come next week? Will it really make a difference in your day to day if this happens?
I know it wont affect mine. I will still go to work for my little paycheck, my husband will go to work for his and we will continue this life one minute at a time like we always have.


i agree reminds, me alot of this song...

www.youtube.com...





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