PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT | |
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Lapis User ID: 539211 United States 11/17/2008 06:43 PM Report Abusive Post Report Copyright Violation | |
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Zone 5
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Freethinker
User ID: 552350 United States 11/17/2008 06:55 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT all authority is given to me |
Anonymous Coward User ID: 322321 Mexico 11/17/2008 06:55 PM Report Abusive Post Report Copyright Violation | |
Treasure Bound
User ID: 520207 United States 11/17/2008 06:55 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT listening to alex jones refeed and he's got someone on saying it used to cost something like $150,000.00 to ship a cargo laden ship from China to US. Says now the asking price is somewhere around $4000.00 Says grain and shipping containers are sitting on the docks because no one can get letters of credit to move the products. Anyone in shipping that can confirm this? "We don't inherit the earth from our ancestors, we borrow it from our children"--Native-American proverb People were created to be loved while things were created to be used. The reason the world is in chaos is that, things are being loved and people are being used :Treasures122: In Solidarity with Janey [link to i25.photobucket.com] |
Omega
User ID: 340280 United States 11/17/2008 06:56 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT Don't fuck with Volcker he's a hawk. I noticed he avoided the "D" word. Me thinks in a few months he will have to modify his position. From bad. To catastrophic. Handguns are a skill; shotguns an art; rifles a science. _____________________________________ Democracy is two wolves and a sheep voting on whats for dinner. Disarmament is the precursor to Genocide. Better to take action now rather than chances later. Your choice. |
Mistacoo
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Treasure Bound
User ID: 520207 United States 11/17/2008 06:58 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT ^^^^^sorry for the double post, my bad "We don't inherit the earth from our ancestors, we borrow it from our children"--Native-American proverb People were created to be loved while things were created to be used. The reason the world is in chaos is that, things are being loved and people are being used :Treasures122: In Solidarity with Janey [link to i25.photobucket.com] |
Anonymous Coward User ID: 225509 United States 11/17/2008 06:59 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT :Thejumping: Quoting: Zone 5Volker said: "The Empire State index of manufacturing dropped to minus 24.6 in October, the lowest ever recorded." -- The CAUSE of the entire destruction of the global economy is laid at the feet of THE EMPIRE STATE that carried out the false flag attack of 911. Now the chickens have come home to roost. The WHOLE WORLD IS WATCHING. Will justice be done or not? No justice = further destruction of the global economy. |
Anonymous Coward User ID: 322321 Mexico 11/17/2008 07:01 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 552546 United States 11/17/2008 07:02 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT "What this crisis reveals is a broken financial system like no other in my lifetime," he told a conference at Lombard Street Research in London. Well, considering he lived through the Great Depression....It sounds like we're scroomed. Best bet now is to kill the FED,say we're bankrupt, then have Treasury start a new U.S. CURRENCY (not the Amero). Basically "reset". |
Enigma
User ID: 545562 United States 11/17/2008 07:04 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT listening to alex jones refeed and he's got someone on saying it used to cost something like $150,000.00 to ship a cargo laden ship from China to US. Says now the asking price is somewhere around $4000.00 Says grain and shipping containers are sitting on the docks because no one can get letters of credit to move the products. Anyone in shipping that can confirm this? Quoting: Treasure BoundHey TB that is true... stacking up at the ports... I'm gonna build a trailer over the holidays that will tow the Connex boxes... gonna buy a few for secure remote storage, but don't want to pay anyone to move them... gonna build my own transport trailer, completer with winch, rollers and brakes... ( never know when you'll need to move a FULL ONE... |
Omega
User ID: 340280 United States 11/17/2008 07:07 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT listening to alex jones refeed and he's got someone on stating it used to cost $150,000.00 to ship a cargo laden ship from China to US. States the asking price now is somewhere around $4000.00. States there is containers of grain and goods just sitting on docks because no one can get letters of credit to move the product. Anyone in shipping that can confirm this? Quoting: Treasure Bound^^^^^sorry for the double post, my bad Might as well start here,lol..... [link to www.nakedcapitalism.com] Saturday, November 15, 2008 Yet More Trade Finance Worries (Not for the Fainthearted) Readers may know we have been concerned about the dramatic fall in shipments of basic materials, as reflected in the collapse of the Baltic Dry Index. This in turn, as we have also stressed, is in large measure to the difficulty of obtaining trade finance, in particular letters of credit. A very good post at London Banker, "Systemic Risk, Contagion and Trade Finance - Back to the Bad Old Days," (hat tip reader Bruce) gives a very good recap of the problem and the ramifications. Key excerpts: "We are now starting to see the contagion effects of the current liquidity crisis feed through to the real economy... The recent 93 percent collapse of the obscure Baltic Dry Index – an index of the cost of chartering bulk cargo vessels for goods like ore, cotton, grain or similar dry tonnage – has caused a bit of a stir among the financial cognoscenti. What is less discussed amidst the alarm is the reason for the collapse of the index – the collapse of trade credit based on the venerable letter of credit. Letters of credit have financed trade for over 400 years. They are considered one of the more stable and secure means of finance as the cargo is secures the credit extended to import it. The letter of credit irrevocably advises an exporter and his bank that payment will be made by the importer's issuing bank if the proper documentation confirming a shipment is presented. This was seen as low risk as the issuing bank could seize and sell the cargo if its client defaulted after payment was made. Like so much else in this topsy turvy financial crisis, however, the verities of the ages have been discarded in favour of new and unpleasant realities. The combination of the global interbank lending freeze with the collapse of the speculative, leveraged commodity price bubble have undermined both the confidence of banks in the ability of a far-flung peer bank to pay an obligation when due and confidence in the value of the dry cargo as security for the credit if liquidated on default. The result is that those with goods to export and those with goods to import, no matter how worthy and well capitalised, are left standing quayside without bank finance for trade. Adding to the difficulties, letters of credit are so short term that they become an easy target for scaling back credit as liquidity tightens around bank operations globally. Longer term “assets” – like mortgage-back securities, CDOs and CDSs – can’t be easily renegotiated, and banks are loathe to default to one another on them because of cross-default provisions. Short term credit like trade finance can be cut with the flick of an executive wrist. Further adding to the difficulties, many bulk cargoes are financed in dollars. Non-US banks have been progressively starved of dollar credit.... Fixing this problem shouldn't be left to the Fed. They aren't going to make it a priority. Indeed, their determination to accelerate the payment of interest on reserves and then to raise that rate to match the Fed Funds target rate indicates that the Fed are more likely to constrain trade finance liquidity rather than improve it. Furthermore, the Fed may be highly selective in its allocation of dollar liquidity abroad, prejudicing the economic prospects of a large part of the world that is either indifferent or hostile to the continuation of American dollar hegemony. If cargo trade stops, a whole lot of supply chain disruption starts.... If cargo trade stops, the wheat doesn’t get exported. If the wheat doesn’t get exported, the mill has nothing to grind into flour. If there is no flour, the bakeries and food processors can’t produce bread and pasta and other foods. If there are no foods shipped from the bakeries and factories, there are no foods in the shops. If there are no foods in the shops, people go hungry. If people go hungry their children go hungry. When children go hungry, people riot and governments fall. Everyone along the supply chain should worry about their children going hungry. When that happens, everyone in governments should worry about the riots. Controlling access to trade finance determines who loses their jobs, whose children go hungry, who riots, which governments fall....Trade finance is rapidly communicating the stress on bank liquidity to the real economy. It presents a systemic risk much more frightening than the collapsing value of bits of paper traded electronically in London and New York. It could collapse the employment, the well being and the political stability of most of the world’s population. Handguns are a skill; shotguns an art; rifles a science. _____________________________________ Democracy is two wolves and a sheep voting on whats for dinner. Disarmament is the precursor to Genocide. Better to take action now rather than chances later. Your choice. |
Treasure Bound
User ID: 520207 United States 11/17/2008 07:08 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT christ this is getting to be major doomage for me! This guy's name is Max Kaiser (?) and he is scaring the shit out of me. Says business is gonna grind to a halt in short order. Says 30% of the people of Iceland are trying to emmigrate to other countries because there's no food on the shelves. SHIOT "We don't inherit the earth from our ancestors, we borrow it from our children"--Native-American proverb People were created to be loved while things were created to be used. The reason the world is in chaos is that, things are being loved and people are being used :Treasures122: In Solidarity with Janey [link to i25.photobucket.com] |
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<October>
User ID: 427959 Canada 11/17/2008 07:12 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT HOLY SHIT !! Quoting: Anonymous Coward 322321HE IS THE FIRST SR. OFFICIAL TO SPEAK OUT !! Excellent! It's about time SOMEONE told the truth...! Bad news indeed, but good news, as well... Maybe...JUST maybe there will be people in charge of things who won't be LYING all the time! We shall see... ~~~~~~~~~~~~~~~ Fear is no policy and surrender is not an option ~~~~~~~~~~~~~ Peace with Justice ~~~~~~~~~~~~~~~ |
ThePatriotMind
User ID: 519678 United States 11/17/2008 07:18 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT IT IS REAL easy to understand if you understand just this one thing .... If teh people of the world in unison tried to pay back all their debt .... there would be ZERO MONEY left in the world becuase we have a debt based money sytem .... well I believe people and businesses world over have realized almsot over night how the BANKING SYSTEM works and how it has been stealing the wealth of the world .... and people are deciding in unison to stop spending ( borrowing) and instead SAVE ... SAVING ENMASSE is the death NAIL to a FIAT BASED CURRANCY DESIGNED to steal the wealth of the world Fighting and triggering liberals and SJW's in the trenches of their safe spaces since 2014 Signed, The Patriot Mind |
Anonymous Coward User ID: 322321 Mexico 11/17/2008 07:24 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT Paul Volker will try to expose Bush Adm. before january !! There is a lot to know about Us Debt, bail outs , etc . Deception and reality !! Expect big surprises in many issues !! |
TX PATRIOT User ID: 506675 United States 11/17/2008 07:29 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 432850 United States 11/17/2008 07:32 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT "What this crisis reveals is a broken financial system like no other in my lifetime," he told a conference at Lombard Street Research in London. Well, considering he lived through the Great Depression....It sounds like we're scroomed. Best bet now is to kill the FED,say we're bankrupt, then have Treasury start a new U.S. CURRENCY (not the Amero). Basically "reset". [link to messages.finance.yahoo.com] Finger Over RESET Button "...we are then compelled to strike the singularity of a monetary reset, where the monetary system of the United States fails. That event has a near-certainty of producing a political failure in the nation at or near the same time. History tells us that nations caught in this mess, if they pass the event horizon of monetary failure and are representative governments, never escape without passing through a totalitarian regime." |
flatland User ID: 550333 Canada 11/17/2008 07:33 PM Report Abusive Post Report Copyright Violation | |
anonymous User ID: 552970 United States 11/17/2008 07:37 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT this happened in the 80s ..shipping was reduced..fplks went broke on inflated everything..interest rates 12 percent by 1981 and gas was 126.00 a gallon from 35 cents a gallon 8 yrs earlier in 1973 .aahhhhh hyperinflation wrecked our buying power..by 1982 ...bussinesses began slowing or closing by 1983 ..it only got worse from there..stocks dropped for years.. |
Anonymous Coward User ID: 441464 Canada 11/17/2008 07:37 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT why does the real hard hitting shit only appear in foreign newspapers? am i the only one who has noticed this? Quoting: Lapis 539211Unfortunately, if you watch stations like CNBC, all you hear is "we are near the bottom" type calls. Here in the US, they want to cheer us on to "BUY BUY BUY" when really the mantra should be "SAVE SAVE SAVE". If it were not for "fringe" type websites like Godlikeproductions which points us to other opinions around the world, we'd be in the dark. Thank God for the internet. |
Nothig lef to scream User ID: 513812 United States 11/17/2008 07:39 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT a little culture for all you pessimists. <object width="425" height="344"><param name="movie" value=" [link to www.youtube.com] name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src=" [link to www.youtube.com] type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object> |
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argilla11
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Anonymous Coward User ID: 322321 Mexico 11/17/2008 07:42 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 546518 United States 11/17/2008 07:45 PM Report Abusive Post Report Copyright Violation | Re: PAUL VOLCKER ISSUES DIRE WARNING : ECONOMIC SLUMP HAS METASTASISED - THAT'S A FUCKING UNDERSTATEMENT The stupid americans believe anything anyonen on the boob tube says. Which are all lies for you morons. The brush administration and corporations are ripping you off coming and going. Stupid monther fracker americans. Americans deserve to go down the tubes they are so fracking stupid. |