posted on Aug, 4 2008 @ 05:49 PM
The only reason I would say the title of this thread is wrong is because it's on cnbc, who has been heartily LYING to us for quite some time now (as
are the other major networks).
Should the markets be tanking? YES, but it should have already happened. It is being held up by shell games. If the headlines in your links start to
pan out BEWARE! Someone is manipulating the market in a big way these days. Now I'd have to say the powers that be want a panic all the sudden for
this to actually be in the news, but watch everyone get squicked on it.
Today was rather flat, even with this news posted. By the way, in the past few weeks a lot of restrictions on shorts have appeared. Has anyone noticed
this? So now they can let the market tank???
Really wish we could get to the bottom of this. Meanwhile, be verrrrrryyyy careful playing this market the next few months. We are on a whole new
Quite frankly, I think most people should get out while they still can, but what is left in terms of safety? The FDIC is going through it's funds
rather quickly right now with the few banks that have already failed, but if all of them stopped cooking their books hardly any would not be in the
red, and there is NOT enough insurance to cover even what is insured (let alone all the money that isn't). There's also been a few banks that have
voluntarily or involuntarily LOST their FDIC Insurance in the past few months. Not to worry, you will get notified 30 days in advance if this happens
to your bank, so you can pull your money out.
Treasuries for safety? They aren't worth much now and current reports indicate they aren't selling either. But my big question here is could the
Treasury fail? It's not insured, it's not guaranteed. I just wonder if the ultimate solution might be at some point for US to default on TB's.
Lots to think about these days......