[burtonridr]

$this->bbcode_second_pass_quote('smallpoxgirl', ' ') I've got a lot of student loans at 4% fixed APR. 15% inflation would be great for me.

[mos6507]

$this->bbcode_second_pass_quote('dohboi', '
')So what's the next move? Obviously there will be shock-doctrine moves to gut all social programs. But will Bush use this as an excuse to impose marshal law?

[heroineworshipper]

There will be a war over money, but sold as a war on something else. Either we'll use Taiwan as a bargaining chip to force China to buy bonds or we'll use Georgia to force Russia to buy bonds. Many people are going to die for these mortgages....before the cannibalism.

[Novus]

The biggest mistake in financial history happened last night when the FED decided to bail out AIG. The $85 billion bridge loan was not enough to save AIG and that is money the FED will never see again. Now because that money is in default the FED itself is now in need of a bailout from the treasury and tax payer directly.

Where we go from here is a word worse than depression. The word is Sacrifice. Government services will decrease and taxation will have to go up to pay off the fat cats.

[americandream]

$this->bbcode_second_pass_quote('heroineworshipper', 'T')here will be a war over money, but sold as a war on something else. Either we'll use Taiwan as a bargaining chip to force China to buy bonds or we'll use Georgia to force Russia to buy bonds. Many people are going to die for these mortgages....before the cannibalism.

[heroineworshipper]

There will be at least 2 more bailouts for AIG. Clear! Chachung!

[mmasters]

$this->bbcode_second_pass_quote('firestarter', '')$this->bbcode_second_pass_quote('Eli', '[')url=http://www.washingtonpost.com/wp-dyn/content/article/2008/09/17/AR2008091701403.html]Fed asked the Treasury to bail it out.[/url]
If the Fed wasn't broke why did they ask the Treasury for more notes?


The Fed gets Treasury notes from the Treasury and makes loans against them. They ran out of notes from which to lend.

We are now at the point where the Treasury will have to issue new notes to cover the FDIC, and foreign Central bank investors are already running from taking on further US debt as the risk of default has increased.


Or Congress will have to step in and fund the FDIC with taxpayer money.

But this makes no sense what so ever, the Congress gets money through taxation. This will be the worst of taking from Peter to pay Paul.

[AgentR]

Its not over till the Fed starts cranking the real presses to cover bonds; till then, its just the same ole dance.

[mmasters]

You know there's enough foreign investors selling gov bonds that they really don't have to go to the treasury to get them...they must need a lot!

[heroineworshipper]

Back in the good old days during the crashes of 2001 & 1987, people came out of retirement because they lost all their money. But can a financial implosion of sufficient magnitude drive people out of their graves to attack the living? What if the headstones & caskets have to be sold to pay off debt? Or what if the graveyards go into foreclosure? Zombie invasions.

[eXpat]

Grim forecast from Joseph Stiglitz (Two time Nobel-prize winner and former chief economist of the World Bank):
$this->bbcode_second_pass_quote('', 'T')wo time Nobel-prize winner and former chief economist of the World Bank, Joseph Stiglitz has warned that the current financial crisis will continue for at least another eighteen months and in many ways represents a worse situation than the one faced by Americans during the great depression of the 1930s.

“You can paper things over for a while but eventually you have to face reality.” Stiglitz told the nationally syndicated Alex Jones show yesterday.

“This is clearly the most serious problem since the great depression and in some ways worse in terms of the financial institutions.” Stiglitz commented, referring to the fact that lenders are unwilling to take risks to finance each other because they no longer have complete access to their own undertakings let alone those of other institutions.

“The reason, in part, is that while some of the same problems that occurred during the great depression and have occurred since, such as excessive leverage, pyramid schemes, bubbles, have happened before, the so called innovation of Wall Street, the financial innovations, that were supposed to manage risk, created a kind of non transparency that is now so great that no one knows exactly the magnitude of the risk they face.”

[heroineworshipper]

According to this story, Lehman was the largest bankrupcy in US history & by implication, human history.

FOX

In fact, it may exceed the collapse of the Roman empire, the extinction of the neanderthals, & the extinction of the dinosaurs. Possibly the destruction of planet Mars. This is D*O*O*M.

[Eli]

mmaster,


That is exactly what happened today, the Fed had lent everything already that it had on its balance sheet. The Treasury had to step in to give them more funds to lend.

Today they started printing money to bail out AIG. The FDIC unfortunatley needs to be bailed out too but there is no money.

[jasonraymondson]

Hey, Any chance to those bonds are Two-Ply?

[Southpaw]

damn there goes my last hope. I guess we really are living in a system that is a lie.

[Snowrunner]

$this->bbcode_second_pass_quote('Dreamtwister', '')$this->bbcode_second_pass_quote('idiom', 'W')ell, The USSA could annex Canada and make loans against that.

[AlexdeLarge]

For Cashmere! lol

[AlexdeLarge]

Just wondering............When they print our new money after the collapse, do you think they will put dead presidents on the notes?? I think they should use something warm and fuzzy......like puppies & kitties! Nature Scenes??

Maybe be it could more like Maxim and put the hot chick of the month! LOL

[StuckInPhilly]

[i]$this->bbcode_second_pass_quote('heroineworshipper', 'B')ack in the good old days during the crashes of 2001 & 1987, people came out of retirement because they lost all their money. But can a financial implosion of sufficient magnitude drive people out of their graves to attack the living? What if the headstones & caskets have to be sold to pay off debt? Or what if the graveyards go into foreclosure? Zombie invasions.

[jbrovont]

I like that idea. You know, it occurs to me: it's fitting that dollars have a pyramid on them.



$this->bbcode_second_pass_quote('AlexdeLarge', 'J')ust wondering............When they print our new money after the collapse, do you think they will put dead presidents on the notes?? I think they should use something warm and fuzzy......like puppies & kitties! Nature Scenes??

Maybe be it could more like Maxim and put the hot chick of the month! LOL