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Bear Stearns Bank Run: A Signal of the Next Depression?
Posted March 18th, 2008 by politicallore
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And the purpose of this
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
Your logic fails me...
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!
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
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
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
isolated incident..and were safety boxes sealed, NOPE..One has nothing to do with the other
Yeah, until the next
Yeah, until the next "isolated" incident .... and the next .... and the next ...... andt he next ...... and then more ..... and more .......
not
not a signal of a depression...a sign of a poorly run company !!!
DIGG IT Thanks guys! Donate
DIGG IT
Thanks guys!
Donate if you can!
Definitely not good...
...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/...
Thanks all!
"Guard against the impostures of pretended patriotism."
-George Washington
An interesting article about
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/ed...
Ok, let us take a breath of fresh air
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
You have a way with words..."A Fantastic Depression!"
Great juxtaposition of disparate outcomes.LOLOLOLLOL
"Liberty and Freedom for our Grandkids"
A signal of the NEXT
A signal of the NEXT depression? You mean we are getting another depression after THIS one? Damn!
I like this perspective much better...
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/sm...
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/prod...
If you have any questions, please do not hesitate to contact me at
Sincerely,
XXXX XXXXXXXXX
Investment Counselor
"PunJab! Bring me my checkbook!"
Do you actually believe it though?
I don't.
Bear Stearns being sued....looking for plaintiffs
COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP FILES CLASSACTION SUIT AGAINST THE BEAR STEARNS COMPANIES INC
http://www.csgrr.com/csgr...
Hmm,
How about a class action lawsuit against the different Federal Reserve district banks?
wow. I need to research this
wow.
I need to research this further
more
more ambulance chasers
Oh, surprise
And more trollish support for the establishment status-quo from you.
"first kill all the lawyers" you say?
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.
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...
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.
how on earth
Fortune Favors the Bold
did lehman's stock price go up today, despite the massive losses in their report?
The PPT?
investors expected worse
investors expected worse
So now the stock market
So now the stock market rises dramatically when the news is not QUITE AS bad as expected? What a bizarro world we live in! Wow, if things merely go from horrible to run-of-the-mill bad, it should go right through the roof!
Six weeks ago Bear paid
Six weeks ago Bear paid their top execs $1 billion in bonuses. Lehman is "justifying" performance bonuses prior to the ship sinking...
Where did you see this?
That can't be right...
My apologies...
My apologies, billionS (with an "s"), not $1 billion.
http://seekingalpha.com/a...
;-)
Bogus unemployment figures
Didn't I already have this discussion about unemployment reporting with "Betterhalf"?
www.dailypaul.com/node/39...
Liars Use Statistics post
www.dailypaul.com/node/41...
Employers Slash 63,000 Jobs In Feb.
www.dailypaul.com/node/42...
On March 16th, 2008 penfold1987 says: sadly, according to shadowstats.com current unemployment is really around 13%
Skeptics might find it a learning experience if they actually studied its primer on Employment and Unemployment Reporting: www.shadowstats.com/artic...
First time..
.. since the Great Depression the Fed has "saved" a Wall Street investment bank.
Lehman Bro's is next in line...
You have to see what Ron Paul would say.
We need to reflect what Ron Paul would say and what his position is on this matter. It's in the website rule. The Fed can't lend banks money because the Fed hasn't got any nor much gold to back it up if they printed some either. if banks need to borrow money from anybody except the depositor (You and I) then they shouldn't be in the business.
'I always think of all you canvassors and precinct leaders and delegates at the front line and caucuses.
Good luck out there &Thank you. You're a gift.
Unemployment
is a major factor in a deep recession and so far that just isn't happening
uhhhhh 85,000 jobs have been
uhhhhh 85,000 jobs have been lost in the last 2 months. Where have you been? oh ya, i forgot......blowing all your cash on Citigroup stock BWAHAHAA
And THAT is if you believe
And THAT is if you believe the "official" statistics (propaganda) disseminated by the government, which nobody in their right mind does. Oh yeah, if you give up looking for a job, as many have, guess what? You are no longer officially "unemployed"! How neat!
REAL unemployment is well over 10%.
Mr. Bush...
... changed the way the statistics are calculated. The "official" unemployment figures now:
1) Counts people who go from full-time to part-time as still employed
2) Doesn't count "discouraged workers" (workers who have given up finding employment after six months.)
3) Counts unemployed household members as employed in households where at least one household member is employed.
4) Uses a very dubious count of "self-employed" persons who are only "self-employed" for tax reporting purpose but aren't making a full-time wage.
http://www.slate.com/id/2...
". In December 2003, the adjusted unemployment rate was 9.9 percent, compared with 5.7 percent for the unemployment rate. In other words, on top of the 5.7 percent of the labor force who said they didn't have a job, a low figure by recent historical standards, 4.2 percent of the labor force was either marginally attached or wanted to work full-time but couldn't."
Many experts claim the current unemployment rate using the older pre-bush calculation is more like 15%
------------------------------------------
Onevoiceoftreason, your neocon talking points are quite transparent and weak. *yawn*
=)
Unfortunately, you are incorrect once again. I presume
that you are posting these remarks simply to get negative responses. One of your basic difficulties appears to be that you accept figures (such as unemployment filings) published by the government as being reflective of the truth. If that is your attitude, then you can continue to avoid reality as long as you wish.
No Depression
We are not going into a depression. I disagree with the Fed subsidy to J.P. Morgan, but it is doing the right thing by increasing the money supply. The mistake that was made in 1929 was not increasing the money supply, thereby bringing on the Depression. Bernanke is astute enough not to let the Fed make the same mistake again. Of course too much of an increase in the money supply increases inflation, but I would rather have controllable inflation, than a depression.
The ideal situation would be to have no Federal Reserve. But since we do have a Fed, those are the only choices: increasing the money supply or not increase it.
"The main cause of
"The main cause of hyperinflation is a massive and rapid increase in the amount of money, which is not supported by growth in the output of goods and services..."
http://en.wikipedia.org/w...
We are currently printing money at TWICE the rate of the value of the GDP. Which is PURE insanity!
You are PRECISELY disagreeing with Dr. Paul when he says "The cure for inflation is not more inflation(printing money)"...
Paul's complaint
Paul's complaint is that the easy money policy which created the malinvestment problem cannot be solved by more easy money. That's true, it can't. I agree with him. It just continues the inefficiency. But, the alternative is sometimes worse. A depression is less pleasant than continued inflation that we've had for the last 100 years. If Paul disagrees that interest rates should be lowered, then yes I would disagree with him. But I haven't seen Paul say though the money supply should just stop growing. That would cause deflation. What he wants to do is to get rid of the Federal Reserve system, which would prevent us from facing the dilemma in the first place.
NewsFlash
It doesn't matter what the Fed does at this point. We are going to be in a depression. The Fed will only make it worse. They are going to turn it from a Great Depression into a Fantastic Depression.
Ask Not What Your Country Can Do For You, But What Your Country Is Doing To You.
The Only Thing We Have To Fear, Is Government Itself.
Some...
.. economic people are calling it the "Very Great Depression"...
Oh..
.. my apologies. I thought I heard Dr. Paul say he wanted to abolish the Fed and return to a gold standard.
Again, my apologies. It must have been the cough syrup...
Any increase in the money supply is, by definition, inflation.
The subsequent increase in prices is called: Price Inflation. We are certainly heading into a depression. Just because it doesn't all happen in a single trading day doesn't mean that it isn't happening or isn't going to happen. Increasing the money supply is simply stealing value from the money already in the hands of individuals in the market by debauching the value of each dollar already held. That is what inflation *is*.
I know what inflation is
Yes it is stealing value from individuals who have the money. It's like a tax. But I would rather have a tax than a depression. If the Fed just stopped printing money, then we would deflation and depression.
You can stay on the drugs or
You can stay on the drugs or get off the drugs. One choice will be far more painful in the end.
Trapp... The 1929 Depression
Trapp...
The 1929 Depression was brought on by not having enough money in the economy...
This possible depression, will be brought on by too much money in the economy...
Hugely different
FDR outlawed private gold ownership, and started printing money...
Bush should bring back the gold standard nixon destroyed...
Inflation is not
Inflation is not controllable in the situation the Fed is stuck in now. It will be a long, drawn out process but the wealth of the middle class is going to be sucked out and transferred out. You are part of that group. You are having your wealth stolen from you. That's what you are failing to see. You are siding with those who are silently stealing YOUR wealth. Until you understand what inflation is (the fed induced inflation) and how it hurts americans and the world markets, you are only going to be a part of the problem.
Inflation
has been going on for a hundred years. It's been constant. I understand that it amount to a tax. I understand exactly the nature of the Fed. That's why I prefer it not to exist. But I can live with a tax better than I can live with a depression. Do you prefer a depression over inflation?