The global banking cartel

[JBC77]

I'm not one for conspiracy theories, it's become painfully obvious that were moving towards a one world government. The stock market has been reduced to a casino where the insiders make all the money. It's become a sick joke and this is coming from someone who works in the financial industry.

You have the Fed trying one thing after another and they are almost out of tricks. Global rate cut has zero effect. There are not many cuts you can make when the rate is at 1.5%.

Another thing, you can't keep printing money backed by nothing. That will hurt us very shortly. When a gallon of milk is $10.00 maybe the sick, perverse, power hungry a$$holes will regret it. The Paulson ponzi scheme is almost over.....they are trying desperately to save it because it makes them so rich.

I highly suggest, if you have the means, to go and purchase high powered rifles and plenty of ammunition in the event that you have to defend your homes. It would also be a good idea to begin to purchase private gold and silver coins. Not a bad investment on it's own.....but in the event that our "legal tender" becomes worthless you want to have at least something to buy your families food.

The latest signs of global disaster:

-Iceland went bankrupt, the first nation to do so.

-They keep closing markets, both the Russian and Indonesian.

-A failed rate cut. Rate cuts used to rocket the market upwards.

Again, I'm not an end of the world kind of guy, but you have to ignore the talking heads on the media. They are lying to us and they cannot be trusted. Best of luck to everyone.

[JBC77]

They just gave AIG more of our money. The banks will pound their fists on the table like drunken sailors for another 700 billion dollar keg once they drink the one they were given.

We're all in big trouble.......

[firedawg]

they showed after the 1st time the feds lent them money. AIG took clients and spent 400k on a trip! unreal

[JBC77]

This is only the start. Have you ever heard of certain African nations, where the currency is so worthless that you need to bring a wheel barrel full of it to the market to buy a loaf of bread?

This is very serious. The dollar will be demolished, it's very simple economics.

Just try to be prepared for the worst. It won't hurt to properly arm yourselves for a worse case scenario. This could come to martial law. They may close ALL of the banks for a week or more. Bank holiday. If they do this and we can't access our money, things will get ugly very quickly. It's also probably wise to keep at least 5K in small bills on hand at your residence. You don't want to caught unprepared in an event like this.

I really don't think alot of the public actually realizes just how serious this is. People are too busy in their everyday lives to really grasp they magnitude of whats going on and what could happen to us.

[fiveteamer]

Timothy McVeigh?

Is that you?

[RogueJuror]

All my private operations are conducted in Euros.

[JBC77]

Well, if anarchy breaks out, food gets tight, good luck wielding a stick or baseball bat. Trust me, you won't get very far........

[durito]

A big enough crisis and the Euro won't make it through it.

[accuscoresucks]

i just heard that the aig bailout

the aig exects went on a mad spending spree and chalked up 450k on the bill

wonder who is paying that???

[wtf]

interesting thread, but it is not playing out like that. first the dollar is stronger now than in the past 18 months, and seems to be trending stronger (ex the yen). the US currency is still seen as the currency of last resort.

the US economy is still slated to GROW year on year, during the depression the economy contracted 46%.

i see this as a wonderful buying opportunity, of paper assets, ie good companies.

[JBC77]

They just gave AIG another 37.8 billion again today. It's getting to the point where people are laughing at the Fed. It's become a sick joke. We are sitting on a time bomb. You cannot keep printing money. Wait until the credit default swaps explode. You haven't seen anything yet.

[betplom]

So you're saying buy your rifles, guns and ammo now while prices are low?

How may wheelbarrows of money will you need to buy those same items once the US Dollar is worthless?

Obviously I'm not being serious, because I don't believe ANY of the fear mongering that people seem to be into nowadays.

The world is coming to an end? Good thing we can only die once.

The world will be fine, life will go on.

Now if you said that women will stop having sex with men (particularly me) and no sportsbooks will take my action THAT would scare me.

Good thing the women I know still like sex and sportsbooks still like money. Life is good.

[Brock Landers]

i rarely use Cash, i use my bank card, so its not relevant if the bank is "closed"

[RogueJuror]

Good thing the women I know still like sex and sportsbooks still like money. Life is good.

Quote of the fuking week.

[losturmarbles]

i rarely use Cash, i use my bank card, so its not relevant if the bank is "closed"

[losturmarbles]

fiat money is great

[betplom]

Quote of the fuking week.

Thanks Roguie!

I take comfort in knowing that America will save all from any threat to the free world.

America knows whats best, so the rest of us don't even have to bother seeking a solution - what's the problem anyway?

Roguie, as long as I'm getting laid once in a while, have a roof over my head (I'm mortgage free) eat well and am able to gamble, life is good.

[losturmarbles]

you know with obama saying that all this economic shit is because of "de-regulation" and that we need to fix it, how about we trace it back to the source.
ie the federal reserve, which is no more federal than federal express

how come obama or mccain isn't calling these fvckers out?? you don't see anyone saying we need to regulate "the fed"
oh yeah thats right, the fed has the authority to set monetary policy on its own without congress or any other oversight other than itself. how convienent.

February 19, 2007

[mathdotcom]

Yes inflation will be a serious problem. No it will not be anything like Mugabe's Zimbabwe where they have inflation ~ 150,000%.

Hopefully you're joking about the ammo comment.

As for rate cuts: it is the real rate of interest that matters, not the nominal interest rate.

Best thing to do is not elect whomever will raise taxes. Seems that will be Obama. Took the world a decade (1930s) to figure out that tax increases and protectionism weren't going to get them out of the depression.

[mathdotcom]

There is a very good reason the fed is independent. Otherwise it would be even more dominated by politics. What president wouldn't want rate cuts that have short-term benefits but long-term costs?