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10-06-2008, 04:40 PM | #26 | |
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Re: Planetary financial crisis next week around Oct 7?
=
= Notice how they are all rushing to convince people to keep money in the Banks by "guarantees all savings" recall in the $700 billion bailout that now appears to be failing they boosted FDIC to $250,000. Look at Jim Sinclair's advice above. Quote:
= = Last edited by Merlyn; 10-06-2008 at 04:54 PM. |
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10-06-2008, 04:47 PM | #27 | |
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Re: Planetary financial crisis next week around Oct 7?
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= This extract from: http://www.timesonline.co.uk/tol/new...cle4888292.ece Quote:
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10-06-2008, 05:02 PM | #28 |
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Re: Planetary financial crisis next week around Oct 7?
Sooo If we all head over to the bank right now and pull our money...
Will that not GUARANTEE that tomorrow they close? Wamu went through the transition to new owners with not even a 'hiccup' to service. But keeping some cash on hand, if you can afford to... is never a bad idea. While Gold and Silver may be of use if you have a lot of cash on hand, it is really useless for the average person.. what are you going to do... carry a file, a scale and your gold in your pouch? How much gold for a loaf of bread? Can you even buy gold now? I hear the dealers are out... they are giving you paper instead... so if all collapses... how will you convert that paper into gold? Hehe Go buy some gemstones instead... not as heavy, just as valuable. Has everyone seen this film yet? There are so many threads its hard to get them all http://www.brasschecktv.com/page/135.html Last edited by zorgon; 10-06-2008 at 05:15 PM. |
10-06-2008, 05:08 PM | #29 | |
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Re: Planetary financial crisis next week around Oct 7?
=
= Jim Sinclairs's advice (quoted below) was NOT to pull all of your money out of the Bank but enough cash for 1 -2 months. It probably would be good idea to buy a few things food etc... Do not fear or panic just think what makes good sense to do. Quote:
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10-06-2008, 05:17 PM | #30 |
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Re: Planetary financial crisis next week around Oct 7?
Well no worries here... I have no problem going 'medieval' for a few months...
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10-06-2008, 08:07 PM | #31 | |
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Re: Planetary financial crisis next week around Oct 7?
=
= The Fed keeps on wasting time while the mother of all bank runs is underway Nouriel Roubini | Oct 6, 2008 Quote:
LINK: http://www.rgemonitor.com/roubini-mo...ns_is_underway = = |
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10-07-2008, 12:02 AM | #32 | |
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Re: Planetary financial crisis next week around Oct 7?
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= Quote:
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10-07-2008, 01:59 AM | #33 |
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Re: Planetary financial crisis next week around Oct 7?
The Libor-OIS spread hit its seventh consecutive record at 2.94 percentage points Monday before retreating slightly to 2.87 points, after climbing from 2.86 points Friday...
What did you say the breaking point will be? How low should it be for things to start rolling again? |
10-07-2008, 02:24 PM | #34 | ||
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Re: Planetary financial crisis next week around Oct 7?
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Quote:
Rocky_Shorz, I did not say a breaking point and it was Jim Sinclair warning about the LIBOR rate (he did not state what you are asking for). You may want to check his website at http://www.jsmineset.com and today Jim has this posted this morning. Quote:
Weimar refers to thew Germany monetary collapse which was apparently caused by printing and printing money. Thus if the FED continues to pump out money then we might be in a Weimar "hyperinflationary" situation like Zimbawe is in. So when we look back this action today by the FED might be seen as a big domino falling. Wait and see. Second Source: Fed to buy massive amounts of short-term debt Tuesday October 7, 9:51 am ET http://biz.yahoo.com/ap/081007/financial_meltdown.html = = |
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10-07-2008, 03:05 PM | #35 | |
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Re: Planetary financial crisis next week around Oct 7?
=
= More signs they are very worried about keeping people from a Run on the Banks. People may lose faith in money (really debt) and realize the value "could" go to zero. Do not fear or panic but take common sense precautions to protect yourself. Since Gold and Silver are getting very hard to buy then consider other things of value -IF- the inflation goes hyperinflationary. Quote:
= = |
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10-07-2008, 04:43 PM | #36 | |
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Re: Planetary financial crisis next week around Oct 7?
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= Rocky_Shorz and everyone, I looked around about the LIBOR rate that Jim Sinclair warned about and found the following: Quote:
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10-07-2008, 05:03 PM | #37 | |
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Re: Planetary financial crisis next week around Oct 7?
=
= Another article that helps understand the problem and the LIBOR rate the following is just an extract see rest of it at link below. Quote:
http://www.economist.com/displaystor...ry_id=12342237 = = |
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10-07-2008, 06:37 PM | #38 |
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Re: Planetary financial crisis next week around Oct 7?
This is from CoasttoCoast last night.
Economic Meltdown In the first hour, financial advisors Don McAlvany, and Catherine Austin Fitts commented on the economic meltdown. McAlvany, who appeared first, said the problem is much bigger than anyone realizes, with the falling apart of an $800 trillion derivatives pyramid. Fitts noted that some financiers are currently making money by "cannibalizing" the downside of the market. Don is talking about an inflationary depression where the dollar will collapse. Wall Street made 100 of billions of profit with no regulation. The bail out won't even touch what is owed. As a result there is a global financial meltdown. Link to his site is: http://www.mcalvany.com/ Link to Fitts site: http://solari.com/ Federal registry yesterday folks: http://edocket.access.gpo.gov/2008/E8-23547.htm (see www.urbansurvival.com for more)
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Aloha, thank you, do jeh, toda, arigato, merci, grazie, salamat po, gracias, tack, sukria, danke schoen, kiitos, dank u, mahalo nui loa Images to nourish the spirit: http://mistsofavalon.invisionplus.ne...&showtopic=198 Last edited by Carol; 10-07-2008 at 06:47 PM. |
10-07-2008, 06:57 PM | #39 | |
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Re: Planetary financial crisis next week around Oct 7?
=
= Note that Jim Sinclair has posted (see below) where he states: "If the Fed hadn't taken the rather strange action they took today by becoming OTC derivative dealers themselves this would have been the day the USA banking system imploded." Quote:
Note: keep vigilant and protect yourself. SEE CAROL"S POST JUST ABOVE TO SEE WHY JIM SINCLAIR SAID If the Fed hadn't taken the rather strange action they took today by becoming OTC derivative dealers themselves this would have been the day the USA banking system imploded. = - Last edited by Merlyn; 10-07-2008 at 07:04 PM. |
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10-07-2008, 07:27 PM | #40 |
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Re: Planetary financial crisis next week around Oct 7?
http://www.rense.com/1.imagesH/bail_dees.jpg
Bank of America today down 22.32% as of this post Let the light in Feel the love |
10-07-2008, 07:28 PM | #41 |
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Re: Planetary financial crisis next week around Oct 7?
Did anyone stop to consider that precious metals investors may have something to gain by creating fear in the equity markets?
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10-07-2008, 07:48 PM | #42 | |
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Re: Planetary financial crisis next week around Oct 7?
=
= Look at the LIBOR connections that people are starting to connect to dots notice the Fannie Mae and Freddie Mac connection and they have things coming up this month Oct 10 which I think is first with 2 more dates to follow. Quote:
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10-08-2008, 01:16 AM | #43 | |
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Re: Planetary financial crisis next week around Oct 7?
=
= Keep watching the LIBOR rate note what this article is saying: Quote:
Complete article at: http://biz.yahoo.com/ap/081007/credit_markets.html = = |
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10-08-2008, 01:36 PM | #44 | |
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Re: Planetary financial crisis next week around Oct 7?
=
= The LIBOR problem is apparently still there.... Quote:
Yesterday Oct 7 and this week will likely be looked back upon as a point in time when the financial dam started opening up. Thus title of this thread: Planetary financial crisis next week aroundOct 7? = = Last edited by Merlyn; 10-08-2008 at 01:40 PM. |
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10-08-2008, 05:23 PM | #45 | |
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Re: Planetary financial crisis next week around Oct 7?
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= The events and financial turmoil right now may be leading to the following warning by Roger Wiegand who I do not follow but he has informant giving this info to him: Quote:
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10-08-2008, 05:43 PM | #46 |
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Re: Planetary financial crisis next week around Oct 7?
The illuminati puppet PM here in Australia has been running around like there is a remote control hand grenade up his ring pleading on the gov propaganda media (TV) for everyone basically not to do a run on the banks.
I took every cent out today, when a PM - President, etc, tells you to do something, do the opposite and you will be right on the money, pardon the pun... Last edited by mysticphoebos; 10-08-2008 at 06:27 PM. |
10-08-2008, 05:58 PM | #47 |
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Re: Planetary financial crisis next week around Oct 7?
I think that this might be the supernova!!!
The swaps by Freddie and Fannie went for 92%. These might be .60 and that means TRILLIONS in losses!!! Trouble Ahead: Massive Credit Default Swap Payments Come Due http://www.marketwatch.com/news/stor...F%7D&dist=hppr |
10-08-2008, 06:49 PM | #48 |
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Re: Planetary financial crisis next week around Oct 7?
Good posts Merlyn. I've been catching up on all the posts in this thread.
Your posts are very pragmatic regarding getting enough cash to last for a month or two. I have done that very thing. In my savings I have about $3000 that is normally earmarked for my Roth IRA. I took it all out and stuffed it in my mattress so to speak. I have a question: I have access to credit. In fact, I have access to over $10000 in my line of credit. Should I take a cash advance, say around $1000-2000 right now?? I try to avoid dipping into credit, but I'm also thinking that if I can get some cash right now I should do so because I'm thinking that if stuff goes down soon, then I may not have access to my credit and other cash at all. Thoughts? Thanks.... |
10-08-2008, 07:42 PM | #49 |
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Re: Planetary financial crisis next week around Oct 7?
I have been telling my clients since last year this was going to happen and last night I was so depressed and sick that I had to go to bed at 7:30 pm. I should have been glad that I was right however now I wish that I was wrong.
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10-08-2008, 08:19 PM | #50 |
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Re: Planetary financial crisis next week around Oct 7?
=
= Emman ... I am sorry I cannot help with financial advice you should find someone you trust to help with that or trust your own inner guidance system. TAXMASTER ... yes it is mixed feeling about being right and that tells me your heart is in the right place. You might be able to help others in the coming weeks. = = |
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