U.S stock exchange is going to be interesting ??

[CAT600]

Originally Posted by Bent8

It's the fall of Rome all over again...

Seriously if you have any cash in bonds, stocks or even commodities, sell up now and buy gold...and not just a paper contract, get the real deal in your possession!

Because when it falls, it will be literally every man for himself.

Super funds will all dry up soon if they haven't already. So I'd suggest you get your hard-earned money back anyway you can.

Also if you have large sums of money in your bank, get it out now and buy gold with it because it will always be worth something, even when everything falls apart. Don't wait till people line up at the banks trying withdraw their money only to be turned back by the police.

Don't forget under the fractional reserve banking system, banks are only required to keep 10% of all deposits in their vaults, and even this was recently changed in the US!

Current US debt is now over 9 trillion and climbing fast, this is all by design people, the Banksters are buying real assets with money they create on their computer screens in Wall Street and basically striping the nation and running while trying to set up a militaristic Govt to control the masses when the SHTF!!

We are witnessing their exit strategy from the US but what they don't know is that they won't escape this time around. The game is up for them and they will all face the music one way or another.

Google "The Money Masters" and watch it, it will explain everything in plain english for you.

Batten down the hatches and prepare for the unexpected.

You don't sleep well at night do you.

Daniel

[Yellow_Festiva]

I have just heard that the US 'rescue package' includes paying out peoples debt...

I personally think they are digging themselves deeper with every handout they give.

I have some $US stashed away... may just cash it in before it becomes as valuable as toilet paper...

[charles_wif_xf]

Originally Posted by Bent8

It's the fall of Rome all over again...

Seriously if you have any cash in bonds, stocks or even commodities, sell up now and buy gold...and not just a paper contract, get the real deal in your possession!

Because when it falls, it will be literally every man for himself.

Super funds will all dry up soon if they haven't already. So I'd suggest you get your hard-earned money back anyway you can.

Also if you have large sums of money in your bank, get it out now and buy gold with it because it will always be worth something, even when everything falls apart. Don't wait till people line up at the banks trying withdraw their money only to be turned back by the police.

Don't forget under the fractional reserve banking system, banks are only required to keep 10% of all deposits in their vaults, and even this was recently changed in the US!

Current US debt is now over 9 trillion and climbing fast, this is all by design people, the Banksters are buying real assets with money they create on their computer screens in Wall Street and basically striping the nation and running while trying to set up a militaristic Govt to control the masses when the SHTF!!

We are witnessing their exit strategy from the US but what they don't know is that they won't escape this time around. The game is up for them and they will all face the music one way or another.

Google "The Money Masters" and watch it, it will explain everything in plain english for you.

Batten down the hatches and prepare for the unexpected.

Spot on Bent8.

[Auslandau]

Originally Posted by charles_wif_xf

Spot on Bent8.

You agree??? Really????

Its an adjustement, a hell of a one, but thats all. It happens all the time and in different degrees ...... YEs it was caused by stupidity, but things will settle fairley quickly. I wont be selling up .... in fact buying. The sky fell a little but in the scheme of things ....... its all long term .......



| [/url] |

[dvk]

Originally Posted by Yellow_Festiva

I have some $US stashed away

Bummer mate... you would have been better to unload those five years ago...

And I agree with Aus, it's easy to allow your mind to be seduced by doomsday prophesies at times like this, but honestly, it's just a correction.

Bit of a serious one.

Incidentally, if I had have been bold, could have made a lot of money in one day on Macquarie shares yesterday....

It's all a game of who can best pick the bottom of the "V" or "U" of the market. Best to watch it play out for a bit yet.

I wonder how much higher gold will go? That'll be interesting as well.

[ebxr8240]

Sell high buy low... NOT the other way around !!!

[charles_wif_xf]

Originally Posted by auslandau

You agree??? Really????

Its an adjustement, a hell of a one, but thats all. It happens all the time and in different degrees ...... YEs it was caused by stupidity, but things will settle fairley quickly. I wont be selling up .... in fact buying. The sky fell a little but in the scheme of things ....... its all long term .......

Of course I agree, simply because I have had dealings with people who were in the banking sector that have told me as much.

A whole nation built on debt is not sustainable, whether one chooses to believe Bent8 or not. Look at it this way, using the US as the example. The official published debt of the US is just shy of US$10 trillion. There is not enough money in circulation (within the continental US and abroad) to pay off that debt. The amount owing would still be in the order of $8 trillion after every single cent was used to pay off a part of that debt. What then? The debt holders will foreclose... What happens to the real assets the goverment holds???

[tempest]

Originally Posted by charles_wif_xf

Of course I agree, simply because I have had dealings with people who were in the banking sector that have told me as much.

A whole nation built on debt is not sustainable, whether one chooses to believe Bent8 or not. Look at it this way, using the US as the example. The official published debt of the US is just shy of US$10 trillion. There is not enough money in circulation (within the continental US and abroad) to pay off that debt. The amount owing would still be in the order of $8 trillion after every single cent was used to pay off a part of that debt. What then? The debt holders will foreclose... What happens to the real assets the goverment holds???

In the financial world, money has a few different clasifications, the money in circulation (physical currency) is like you said nowhere near enough to meet the US debt - being just under $1b US. But using a broader scale of money, amounts can (and do) get very big very fast. Basically money does not have to be physical for it to be money. Much beside the point, but a lot of ppl dont realise this.

But yeah, the states are in a big craptank atm and its impacting across the world, but its far far from being a conspiracy, and certainly not due to fiat money. What was suggested by Bent8 - to go to the bank and withdraw all your deposits etc etc, is exactly the worse thing that ppl can do in a situation like this, once that happens on a mass scale (bank run), the whole process is very much self defeating... the nation (any nation) will fall to its knees and be executed by a blunt axe.

All this craptank is - is simply caused by very dodgy financial instruments and practices from a largely unregulated US financial sector.

[birdman941]

The Gvt. here is not giving away money.
AIG is being parceled out, and with a little luck,
the US Gvt. may actually make money on the deal.
Unless the Socialist gets elected,
then we are all in for a rough ride.
Let's hope the folks here are smart enough
to hire a war hero and a fox.

[charles_wif_xf]

Originally Posted by tempest

In the financial world, money has a few different clasifications, the money in circulation (physical currency) is like you said nowhere near enough to meet the US debt - being just under $1b US. But using a broader scale of money, amounts can (and do) get very big very fast. Basically money does not have to be physical for it to be money. Much beside the point, but a lot of ppl dont realise this.

But yeah, the states are in a big craptank atm and its impacting across the world, but its far far from being a conspiracy, and certainly not due to fiat money. What was suggested by Bent8 - to go to the bank and withdraw all your deposits etc etc, is exactly the worse thing that ppl can do in a situation like this, once that happens on a mass scale (bank run), the whole process is very much self defeating... the nation (any nation) will fall to its knees and be executed by a blunt axe.

All this craptank is - is simply caused by very dodgy financial instruments and practices from a largely unregulated US financial sector.

If the US government was acting in the best interests of its people, it would not have bailed out F&F and AIG. Wait a minute, it didn't. That's right, the federal government DID NOT buy out anyone; the Federal Reserve Bank did. They did this by creating more funny money (to the tune of almost a trillion dollars) and buying out the delinquent companies and the debts they hold. By making this funny money, they have pumped inflation up to obscene levels (it still hasn't kicked in, be patient) and will ultimately destroy the US dollar.

[gcg2503]

all i know if the FSA (Financial Services Authority) didnt jump in and stop short selling of bank shares here in the UK- Morgan and Goldmans would have been in dire straights................

[schnoods]

It aint gonna be the end of the world.

I do have shares in small resources and exploration, generally un affected compared to big name high volume companies, generally im not going to lose sleep over a few weeks wages.

Though i can understand how some people put there money in shares as an investment, like most things, where you can win, you can also lose.

It is after all just a roulette table with with a few numbers coming up more often than the others, but one day a zero will come up.

[nugget378]

Originally Posted by birdman941

The Gvt. here is not giving away money.
AIG is being parceled out, and with a little luck,
the US Gvt. may actually make money on the deal.
Unless the Socialist gets elected,
then we are all in for a rough ride.
Let's hope the folks here are smart enough
to hire a war hero and a fox.

Yes the straight talker..

http://au.youtube.com/watch?v=GEtZlR...eature=related