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[midas]

12DrinkMore, on 2009-01-26 22:30:48, said:

midas, on 2009-01-26 18:16:28, said:

Did you see this though.............it makes me sick  

calm down it was just a mistake, It's OK, he's paying it all back.

http://www.bloomberg...6...&refer=home

Now how about all the rest of you bankers, politicians and Madoff (50 BILLION, I mean really how MUCH?) paying back the bonuses and salaries?

The combined lot would probably be enough to bail out the whole Universe and give everybody in a luxury home with SUV sitting in the garage including the rich cousins of the Brits in Zimbabwe

"They were a mistake in the light of the world we live in today," Thain
said in a memo to top executives dated yesterday. "I will therefore reimburse the
company for all of the costs incurred."



The fact that he considers after the event that he made a mistake is irrelevant-
it's the fact that there are people like this ( the same type of vulgar people
who splashed out on the AIG parties ) exist and consider themselves
so important they don't see how it's morally wrong to spend $1,400
on a trash bin whether there was a downturn or  not . It has nothing to
do with economic times - it is just plain vulgar

These are the people I feel I want to kill

[AlexLah]

Good!

What would be a preferred method?

I would pop out one of their eyes, suck out half their brains, spit it out over their face and then place them in front of a mirror so they can watch themselves slowly die.

[cclub75]

flying, on 2009-01-27 04:29:47, said:

The only reason IMHO they raised from 100k to 250k is because they could not pay even the 100k so are trying to instill confidence.

It's obvious : the "blankets insurance" given by Ireland and other europeans countries are a joke.

If you want to be really afraid, I invite you to look this document from an OECD report :
http://sd-1.archive-...CDELEVERAGE.gif

"Banks and leverage"

When you see that BNP (France) has a total liabilities in % of the GDP of...93,4 %....

Bank of Ireland ? 103,4 %
RBS (UK) ? 127,9 %
UBS (Swiss) ? 470 % !!!

Now you know. You know that those "insurances" are nothing but bullshit. For suckers.

I forgot : of course the suckers are going to point out that UBS has 479 % for "total assets" in % of the GPD... But people start to understand what "assets" mean...  

Edited by cclub75, 2009-01-27 15:39:47.

[AlexLah]

Some relief, some of them could be jailed after all.

First link shows you that nothing is what it seemed.

http://money.cnn.com...quotes.fortune/

Some action:

http://money.cnn.com...rtune/index.htm

[AlexLah]

Here another rather upset person.

Warning!

Some pretty strong language:

[Naam]

cclub75, on 2009-01-27 15:36:25, said:

Now you know. You know that those "insurances" are nothing but bullshit. For suckers.

the guarantees are not bullshit as long as they work. presently they do work. without the guarantees most of us would be in a quite difficult position. bottom line: not only at introduction the guarantees were an absolute necessity but they are still today and will be for quite time to come. personally i am quite happy to be a sucker as the guarantees provide me with much more flexibility. without the guarantees bank runs, banks collapsing and most probably a global freeze for all kind of financial transactions and shipping (the latter happened partially indeed) would have happened last october.

they would be of course nothing but bullshit if "drawn in full", in my view a highly unlikely event.

[bangon04]

flying, on 2009-01-27 02:34:48, said:

waza, on 2009-01-26 09:28:22, said:

They would just freeze your bank accounts.........

That is why I said many should be well into it.
Most started many months ago.
Transfer a few thousand to another bank till you have 3 or 4 banks...Looks good not like mass withdrawals.
Then pull it out a couple K a day from 3 or 4 banks adds up fast & looks good.

If we put the money into Thai banks (any time the exchange rate blips upwards) what guarantees will we have. Is it fair to assume that foreigners bank accounts will be the last to benefit from any guarantees the Thai system may put in place?

[bangon04]

AlexLah, on 2009-01-27 15:16:28, said:

Good!

What would be a preferred method?

I would pop out one of their eyes, suck out half their brains, spit it out over their face and then place them in front of a mirror so they can watch themselves slowly die.

So you have obviously thought about this long and hard.....

[12DrinkMore]

bangon04, on 2009-01-27 19:23:48, said:

If we put the money into Thai banks (any time the exchange rate blips upwards) what guarantees will we have. Is it fair to assume that foreigners bank accounts will be the last to benefit from any guarantees the Thai system may put in place?

We have the 100% Thai government guarantee.

Now, would you place that as being worth above or below the UK government guarantee?

I think I know where I have more faith, and that is in this so-called Third World Country.

[flying]

Naam, on 2009-01-27 00:41:31, said:

cclub75, on 2009-01-27 15:36:25, said:

Now you know. You know that those "insurances" are nothing but bullshit. For suckers.

the guarantees are not bullshit as long as they work.

they would be of course nothing but bullshit if "drawn in full", in my view a highly unlikely event.

The Funny thing is the FDIC insurance here is based on or backed by the same thing the currency is..............Faith

Faith that not too many all say at once................Let me off this merry go round...
It does not feel like a safe ride anymore

[Naam]

flying, on 2009-01-28 01:19:45, said:

Naam, on 2009-01-27 00:41:31, said:

cclub75, on 2009-01-27 15:36:25, said:

Now you know. You know that those "insurances" are nothing but bullshit. For suckers.

the guarantees are not bullshit as long as they work.

they would be of course nothing but bullshit if "drawn in full", in my view a highly unlikely event.

The Funny thing is the FDIC insurance here is based on or backed by the same thing the currency is..............Faith
Faith that not too many all say at once................Let me off this merry go round... It does not feel like a safe ride anymore

correct!

[geriatrickid]

If the FDIC fails, I think Americans will have bigger problems than that failure.
At this time I do not think the USA will collapse. Nor do I think the sky is falling. Call me a delusional optimist, but alot of good may come out of this. If anyone  caught  the Congressional hearings into the Madoff scandal (you can get it over the internet) they will have heard that;
1. The alarm was raised about Madoff dating back to 1999.

2. A brief was presented to the SEC  on November 7, 2005 by Charles Markopolos
Read it here   http://www.scribd.co...1gf08qx0c966i8w

He laid out the ponzi scheme and why it was  a fraud.

3. The SEC investigated. However, with only 400 or so auditors many of which are paid a fraction of what private practice auditors are paid, the SEC had neither the bodies, nor the intellectual resources with which to mount a  proper investigation.

4. The brokers that sold the  Maldoff investments should have known. The concerns were public. They have alot to explain. No different than the fence that sells the stolen goods or the car thief that steals the car for the big guy.

The same people that cut the legs from the SEC are also the same people that control the FDIC. The people elected by the people for the people.

It's easy to say cut government spending. However, when Sen. Stevens the crooked republican  was building his bridge to nowehere in Alaska  there were plenty of democrats attaching amendments to bills to get money for military bases, and projects in their constituencies. They all did this because that's what the locals wanted. Well, guess what? When they did this, there was nothing left over for things like auditors or proper health care. Again, the people must accept some responsibility for not  setting their priorities.

[flying]

geriatrickid, on 2009-01-27 16:33:15, said:

If the FDIC fails, I think Americans will have bigger problems than that failure.

   Yes I agree
  Because sadly if the FDIC is called into service it is too small a bandage.
  
  The FDIC has 1.5% of the savings covered 44 billion in funds to cover 3 trillion in deposits.
  So I do not see how the FDIC would not fail if actually called into heavy service.
  I guess the FED could say Oh all right hang on while we up the presses to warp 3.
  But like you said at that point the problems are much bigger than just the failure
  that triggered the call to the FDIC.
  
  I dont really see a Total USA collapse either. I do think there will be a great amount of discomfort & displacement ahead though. I am here & I am seeing it. So I do what I can to prepare in some small ways.
  
  I definitely feel like retracting a bit from this system where & when I can.

Edited by flying, 2009-01-28 10:08:06.

[AlexLah]

Now I fully understand why these peeps have their set up in Bermuda.

 Bermuda.jpg   39.08K   17 downloads

 tyfyfytf.JPG   14.13K   6 downloads

Expect a few more of these.....

[teatree]

For those of you who think that people are tin foil hat wearing loonies if they believe in FEMA camps:

http://thomas.loc.go...ry/z?c111:h645:

It is the National Emergency Centers Act or H.R. 645 (January 22 2009) and if passed into law, will direct the Secretary of Homeland Security to establish national emergency centers otherwise known as FEMA camp facilities on military installations.

The Obama administration are going to be very busy in the first 100 days or so to cash in on his popularity and ram through unpopular laws.

[flying]

[kevkev1888]

Looks like unrest speading

Iceland
Greece
France
Uk

http://news.bbc.co.u...ope/7857435.stm


http://news.bbc.co.u.../uk/7859968.stm


America?????? Nothing!

[AlexLah]

 757.jpg   35.43K   3 downloads

 05.jpg   23.02K   4 downloads

Joe took the rope and tied it around his bug out bag. He had made his decision, he would walk downtown and find a job or at least try.
The tentcamps were allowed outside the city, about 15 KM so he guessed about a 3 hour walk would do.
After an hour of walking there was a group of people listening to a guy on top of a hil.

 How_many.jpg   12.84K   4 downloads

From the top of his lungs this guy screamed: The Seventh Seal Has Broken, The Gates Of hel_l Are Open!!!!!!!!!

Joe kept walking but realised the date, it was the 9th of February 2010, exactly a year after another big Wall Street crunch.
Soon after that more money was asked to bail out banks, but nothing helped and finally all hel_l broke loose during the summer, the summer of hel_l it was called.

The sky was beginning to look strange.

 Strange.jpg   16.7K   2 downloads

Joe finally reached destination and joined a group of people gathered on  the street.

 Party.jpg   21.75K   1 downloads

There were people chanting, go to hel_l, go to hel_l!

 yhgvuuy.jpg   35.02K   1 downloads

Soon police came and began spraying pepperspray.

 top2.jpg   128.4K   0 downloads

RUN, RUN some people screamed, Joe followed the group but did not know that at the end of the street Riot police had been waiting.

 Come_and_get_it.jpg   24.33K   0 downloads

Joe kept running into the street while looking behind, he did not have a chance when Riot Police officer Steve selected Joe to become his target.

 What_is_that.jpg   17.67K   1 downloads

Joe was pushed to the ground and Steve started hitting his victim with blows to the legs and upper body, with every blow Steve screamed: Die, Die, Die, Die!!

Joe in agonising pain, screaming, pleaseeeeee, aaaaaaaaaahhhhhh.

Steve immensly enjoying the victim screaming only fired him up more, these Vitamine pills they gave him surely kept him sharp, determined and awake, sometimes 72 hours with no sleep. There  were not enough officers yet so therefore they could not do 24 hour shifts. This was all OK, he learned to make sacrifices when he joined the Obama Youth Corps.

The last three blows Steve delivered to the side of the head, making sure the victim would be out of conscious for a long time.

The last thing Joe could see where burning bodies, after that it went dark...........

 1.jpg   202.78K   0 downloads

[geriatrickid]

kevkev1888, on 2009-01-30 20:34:33, said:

Looks like unrest speading
Iceland Greece France  Uk America?????? Nothing!

The difference  might just be attributable to the problems existing beforehand in these countries. Greece  and its level of corruption make Thailand look angelic. If it wasn't for the benefits of the EU, Greeks would still be  plying the streets  in donkey carts.  Anything that  jiggles the  house of cards is going to cause a problem. France's public workers have cushy jobs, high pay for limited hours and  overly generous benefits. The protests in France are a reaction to the government saying how about you folks get treated like non public sector workers, you know the people that are paying the bloated salaries?  The typical Frenchman isn't protesting, it's the same gang of spoilt layabouts that think they know what's best for the people that have to pay for everything.  Iceland? Well, it's a rinky dink country that wanted social utopia and came up with  rogue capitalist tricks to pay for it. Party's over and they can't spend money they  don't have anymore. It's like the child that was getting a hefty allowance when Daddy says, sorry Thor, I can't swindle  people in the UK with my bank schemes, so no more allowance. As for the UK, the people protesting are the same people that will turn out for any rally where they can vandalize,  and run amok.
The USA has its protests, but the difference is that folks know they are in a jam and that there is a concerted effort to  respond. The presence of leadership at the top, even if imperfect goes along way in giving people hope.  President Obama is making all the right noises to buy some time. One gets the impression that the Americans have gone back to the FDR approach of trying to help people. Mr. Brown, needs to take a lesson and  show some pluck and the old English characteristic of a stiff upper lip, duty etc. England's been through far worse and having a vapourhead at the top sighing isn't helping. I have a lot more faith in the English than  some of the English  people of TV do. I remain convinced that if it gets  worse, the little genetic code for resolve in  the English will click on.

[AlexLah]

A simplistic view of life makes people feel comfy, I just wonder what they will do and think when they loose their job and house.

Take care all, I just hope we can survive this BS.

[flying]

http://www.reuters.c...E50R5MW20090128

China's Wen swipes at U.S. debt binge

[gregb]

Naam, on 2009-01-27 17:41:31, said:

cclub75, on 2009-01-27 15:36:25, said:

Now you know. You know that those "insurances" are nothing but bullshit. For suckers.

the guarantees are not bullshit as long as they work. presently they do work. without the guarantees most of us would be in a quite difficult position. bottom line: not only at introduction the guarantees were an absolute necessity but they are still today and will be for quite time to come. personally i am quite happy to be a sucker as the guarantees provide me with much more flexibility. without the guarantees bank runs, banks collapsing and most probably a global freeze for all kind of financial transactions and shipping (the latter happened partially indeed) would have happened last october.

they would be of course nothing but bullshit if "drawn in full", in my view a highly unlikely event.

This is a valid statement Naam, and in fact historically I would agree with you. The problem is this is the same logic used by people pushing CDO's. It wasn't possible for a systemic failure to cause them all to go bad at the same time, was it? But it did, and lack of confidence killed the ones that weren't in trouble. So while promises do work today, for how much longer will it work? And are we wise to believe them when the timeframe for collapse is so unclear?

The guarantees are just a delay tactic, and I think it is important everyone remember that. Once confidence goes, the government will be forced to close banks and freeze withdrawls. They will never make good on this the way people assume. The fact that people continue to make promises during this crisis that they know they can't execute is a big part of the problem. Let's just lie and hope the whole thing will go away. It won't. When things really go south, and they will, your account will simply be frozen until your friend the government can figure out a way to get out of this promise that won't start a riot.

So I guess I agree with you Naam. "Drawn in full" is extremely unlikely to ever happen. But that doesn't mean the promise itself is worth anything. And I for one would rather just have honesty than the continued deceit which just delays the inevitable. Let things crash now and let the chips fall where they may.

At least then we could start over with something that works for the era we're in now. What we need right now is clarity and honesty. Not more trickery and deceit.

[12DrinkMore]

I am still very angry and more than ready to kill

Brown "Savour of the Universe" somehow is allowed to inflict his words of wisdom on the rest of the world.

http://www.telegraph...ial-system.html

(don't bother following the link, its a waste of time)

Quote

"We have a global financial system, but until now no global co-ordination or supervision, only national supervisors," he said, speaking on the fringes of the World Economic Forum in Davos. We need to reform and strengthen international institutions, giving them power and resources to invest at a global level"

What is he blathering on about? This twat, who has failed miserably to oversee the british financial system over the last decade, now thinks he is qualified to talk about international finances? He can't even run the Labour party successfully, they had to have a bail out last year.

Anybody want to vote for Brown, "Chancellor of the World"? Oh dear god, spare us.

[Naam]

So I guess I agree with you Naam. "Drawn in full" is extremely unlikely to ever happen. But that doesn't mean the promise itself is worth anything. And I for one would rather just have honesty than the continued deceit which just delays the inevitable. Let things crash now and let the chips fall where they may.

At least then we could start over with something that works for the era we're in now. What we need right now is clarity and honesty. Not more trickery and deceit.
*****
i wish i could agree with you Greg but there's no way, not even for a similar common denominator. if honesty and clarity was introduced presently the result would be disastrous for each and everybody, rich and poor. sometimes lies and bullshitting have positive sides (as they do now in my [not so] humble view). with lies and bullshitting precious time can be bought which is necessary to prepare and meet disaster.

would we be better off with a global freeze which was near imminent middle of october last year? starting over with something that works is a good idea, BUT has anybody a plan that would work? are their any geniuses who can work out a feasible plan which -most important- would be adopted and implemented by G8 plus another dozen economical important countries?  

"hat doesn't mean the promise itself is worth anything" history proved that sometimes promises (even empty ones) can work. Germany's hyper-inflation of the 1920s was stopped overnight when the "Rentenmark" (backed by future social insurance contributions) was introduced. before introduction one US-Dollar fetched 4 trillion  Reichsmark, a situation similar to nowadays Zimbabwe. a day later four Rentenmarks were paid for one dollar.

[flying]

gregb, on 2009-01-30 23:56:36, said:

The guarantees are just a delay tactic, and I think it is important everyone remember that.   When things really go south, and they will, your account will simply be frozen until your friend the government can figure out a way to get out of this promise that won't start a riot.

12DrinkMore, on 2009-01-31 00:22:05, said:

I am still very angry and more than ready to kill

Naam, on 2009-01-31 00:48:52, said:

with lies and bullshitting precious time can be bought which is necessary to prepare and meet disaster.

http://thomas.loc.go...ry/z?c111:h645:

Yes I see more & more how they prepare. So I do too.
I am getting the feeling this mess is divided in two.
There are those like Gregb, 12DrinkMore &  many more & Those like Naam & many more like him too.
I am not saying one is realistic more than the other or even one is more sane than the other. But I can see the division & I see it here too. On the web I see it in other countries.
Those that have enough of course will be willing to wait. Those that have their feet  to flame are not willing. Classic those that have & those not so much that have not but have been ripped off by the crisis as they were sadly unprepared for what happened.
I agree 100% with your statement Naam I listed above. I see it 100% that way here now. Sadly so does many others. I am afraid the direction they are taking is mainly this one the lies & BS to buy time because in reality it is the only one they have.
Before you call me doom & gloom please trust me when I say I am not.
This is just what I am seeing here. I think it is a big mistake.

Edited by flying, 2009-02-01 02:07:18.