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Bear Stearns Bank Run: A Signal of the Next Depression?

Submitted by politicallore on Tue, 03/18/2008 - 12:39

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GREAT NEW ARTICLE!
http://www.politicallore.com/presidential-candidates/ron-pau...

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And the purpose of this

Submitted by MrTudo on Sun, 03/23/2008 - 20:46. Permalink

And the purpose of this thread is what again? Are you so low in your own life that you hope for a depression so that others are dragged down to your level? Or is it just spam?

Get a life you moron

—

The world is my country, all mankind are my brethren, and to do good things is my religion. Thomas Paine Godfather of the American Revolution)

Your logic fails me...

Submitted by martfuncher on Sun, 03/23/2008 - 21:12. Permalink

The logic of your doubly-layered strawman fails me.

If I warn someone that their electrical wiring is old and about to cause a fire does it logically lead to me having a desire for a fire to occur? Perhaps I am just concerned for their safety? Which is the opposite of desiring for a fire to occur.

Also, "hoping for a depression" and "spam" are not the only two valid options as you seem to be suggesting. Perhaps the Fed saving a Wall Street investment firm for the time since the Great Depression should be considered at least a POSSIBLE sign of something wrong warranting further contemplation and advice? Perhaps?

The added ad hominem (personal attack) of "Are you so low" is a nice touch also. Unrelated to the topic being debated though...

Bur Gold and Silver Now!

Submitted by akak on Sun, 03/23/2008 - 20:27. Permalink

It's likely to be a great time, tomorrow, to buy gold and silver, what with prices down significantly late last week --- although I have read repeatedly in the last few days about dealers across North America running low on physical silver (as opposed to paper contracts). My personal opinion (and that of almost every true believer in economic freedom) is that EVERYONE should own some physical gold and silver --- and do NOT store it in a bank "safe deposit" box, as they would certainly be sealed in the event of a bank run and/or financial emergency, as they were in 1933.

Now. how long will it take for "OneVoiceOfTreason" to try and rebut all this?

buy

Submitted by onevoiceofreason on Sun, 03/23/2008 - 20:29. Permalink

buy anything you like..but the notion of it being sealed or even that bank runs are going to occur is ridiculous

The notion that bank runs

Submitted by akak on Sun, 03/23/2008 - 20:30. Permalink

The notion that bank runs are NOT going to happen is ridiculous, statist troll! It's ALREADY happened, with Bear Stearns, you pathetic asswipe!

that's one

Submitted by onevoiceofreason on Sun, 03/23/2008 - 20:33. Permalink

isolated incident..and were safety boxes sealed, NOPE..One has nothing to do with the other

Yeah, until the next

Submitted by akak on Sun, 03/23/2008 - 20:48. Permalink

Yeah, until the next "isolated" incident .... and the next .... and the next ...... andt he next ...... and then more ..... and more .......

not

Submitted by onevoiceofreason on Sun, 03/23/2008 - 20:21. Permalink

not a signal of a depression...a sign of a poorly run company !!!

DIGG IT Thanks guys! Donate

Submitted by politicallore on Wed, 03/19/2008 - 00:38. Permalink

DIGG IT

Thanks guys!
Donate if you can!

—

www.politicallore.com

Definitely not good...

Submitted by ron_paul-bot_12413 on Wed, 03/19/2008 - 00:31. Permalink

...but we all know(or should) that they are for themselves. Not the united states of america. But I know someone who is for our country.....Ron Paul is. Another one day donation is in the works and is set for April Fools Day(April 1st). Let's show RP that we support him and are still with him. He's our nominee and that is what makes him special. He's one of us or we are all one of him. Let's show him how much we actually care and donate to the official campaign! It's being discussed here....

http://www.dailypaul.com/node/43096#comment-396701

Thanks all!

"Guard against the impostures of pretended patriotism."

-George Washington

—

"Guard against the impostures of pretended patriotism."

-George Washington

An interesting article about

Submitted by akak on Wed, 03/19/2008 - 00:23. Permalink

An interesting article about Eliot Spitzer and the prostitution scandal surrounding him --- as usual, there is much more than meets the eye, and the economy and money (as always) may be at the heart of the matter:

http://www.321gold.com/editorials/engdahl/engdahl031808.html

Ok, let us take a breath of fresh air

Submitted by victory on Tue, 03/18/2008 - 23:08. Permalink

Will someone please tell me that BS[Bear Stearn] or JP Morgan does not have some part ownership within the Federal Reserve OMG, could it be true-----they are bailing their ownselves out???? Oh, wait, later addition, with the taxpayors monies??

Dear Motoxdog

Submitted by The Old Cohoctah Kid on Tue, 03/18/2008 - 23:01. Permalink

You have a way with words..."A Fantastic Depression!"
Great juxtaposition of disparate outcomes.LOLOLOLLOL

"Liberty and Freedom for our Grandkids"

—

"Liberty and Freedom for our Grandkids"

A signal of the NEXT

Submitted by akak on Tue, 03/18/2008 - 21:25. Permalink

A signal of the NEXT depression? You mean we are getting another depression after THIS one? Damn!

I like this perspective much better...

Submitted by Daddy WarBucks on Tue, 03/18/2008 - 21:18. Permalink

And I sure hope they are right again, this time.

Fisher Investments - Private Investor Group
March 17, 2008

Dear XX XXXXXXXXX,

In light of recent market activity, we'd like to provide you with a brief
Capital Markets Update from Ken Fisher, Jeff Silk, and Andrew Teufel. You can access an electronic copy of this commentary at the following
location:

http://www.fi.com/pdfs/smo/CapitalMarketsUpdate.pdf

This update is in Adobe Acrobat format. If your computer does not
recognize this format, you may need to install the free Acrobat viewer
available at http://www.adobe.com/products/acrobat/readstep.html

If you have any questions, please do not hesitate to contact me at

Sincerely,
XXXX XXXXXXXXX
Investment Counselor

"PunJab! Bring me my checkbook!"

—

✰VIDEO! 2012 Is About Abolishing Economic Slavery In America ✰ http://www.dailypaul.com/209377/2012-is-about-abolishing-eco...

Do you actually believe it though?

Submitted by TexaslovesRonPaul on Tue, 03/18/2008 - 23:46. Permalink

I don't.

Bear Stearns being sued....looking for plaintiffs

Submitted by cw canadian on Tue, 03/18/2008 - 20:58. Permalink

COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP FILES CLASSACTION SUIT AGAINST THE BEAR STEARNS COMPANIES INC

http://www.csgrr.com/csgrr-cgi-bin/mil?case=bearstearns&temp...

—

Hmm,

Submitted by e_goldstein on Tue, 03/18/2008 - 22:52. Permalink

How about a class action lawsuit against the different Federal Reserve district banks?

—

--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
----------------------------

wow. I need to research this

Submitted by politicallore on Tue, 03/18/2008 - 22:43. Permalink

wow.
I need to research this further

—

www.politicallore.com

Submitted by onevoiceofreason on Tue, 03/18/2008 - 20:59. Permalink

more ambulance chasers

Oh, surprise

Submitted by akak on Tue, 03/18/2008 - 22:45. Permalink

And more trollish support for the establishment status-quo from you.

"first kill all the lawyers" you say?

Submitted by cw canadian on Tue, 03/18/2008 - 21:04. Permalink

Shakespeares advice to tyrants is that.

There has been a grand larceny here and were I a victim I would not hold my breath for criminal charges. Class action is a powerful tool. Go get em!!

—

Going down.

Submitted by iehuvihs on Tue, 03/18/2008 - 17:08. Permalink

I wouldn't expect the dollar to fall calapse over night, there are still a few tricks up the sleaves of those in power. First they still have 2.25 points to cut off the prime, then of course Congress can set up a safety net to protect the failing mortgages. Perhaps buy them all up and put it on the backs of the taxpayers. This is already in the works. So the dollar won't fall preceptively for a while, but in reality, it has already fallen. Central banks around the world are buying up the dollar to protect it from falling even further. We keep hearing about a currency taking over the world, wake up folks it is already here, it's called the Federal reserve dollar. How many countries can you name that don't use the dollar in some form, Russia? no. China? no India? no
The problem for us is that they are wise to the situation and are taking advantage of it. They are going to use our dollar to bring us down, just wait and see.

Cutting the rate...

Submitted by martfuncher on Tue, 03/18/2008 - 17:17. Permalink

Cutting the rate at .75 per week (which we cut it more than that just last week didn't we?) then we have a whole THREE WEEKS before we hit the "doomsday" rate of 0%.

Yup, the collapse won't be overnight because it takes 6-24 months for "funny money" to percolate through the system and bring the full impact of inflation.