Now What ?
-> Posted by Fullgoldcrown @ 6:27 am on October 27, 2008
Lou Dobbs: Major Public Concerns Of Martial Law In The U.S. & Army Denies Claims
BUSH'S "MARTIAL LAW" (07)- PREPERATIONS FOR- (2008) ...(wolf n sheeps clothing)
27 October 2008
I'm Proud to be an Okie Who Is Brokie..
It was a tossup this morning between this story and the one about how J.P. Morgan has virtually destroyed the New Castle school district through dodgy swaps with enormous undisclosed fees, now being investigated by the fraud unit of the FBI. New Castle is in western Pennsylvania near the Ohio border. McCain country. We'uns don't want any of that commie socialism here, unless it is for the good of the country and the bankers what ripped us off. Its a nice area actually, one of our old haunts, having had a weekend fishing cabin a few miles north up at Pymatuming Lake.
This one about Oklahoma State seems to have more pathos since at one point they were actually ahead 70%, borrowed it all and spent it, and then went bust. And they were not really defrauded it appears, just recklessly foolish and badly used badly by an egotistical windbag.
Maybe they can get a co-signer loan from the Aggies.
Oklahoma State Is Officially Screwed
You probably heard a few years ago that T. Boone Pickens, who chairs the hedge fund BP Capital Management, gave Oklahoma State a $165 million donation to be used all for helping the school's athletic program. And the largest portion of it was going to be used to beef up the school's football stadium and football facilities.
Well, there was one problem with Boone's donation. He left the donation in the hedge fund, which initially seemed to be a good idea as oil prices soared in a post Katrina economic climate, swelling the initial gift to over $300 million. That was before things began to turn in 2007, as international demand for oil failed to meet projections, causing the fund to come to a sudden standstill, and then dropping on mistakes made by fund managers, who were managed by Pickens.
Anyway, Pickens resisted pleas by some OSU Regents to bank a good deal of the balance out of the fund when it exceeded $300 million, which was only 14 months ago. Instead Pickens decided on borrowing almost $200 million needed to expand and renovate Boone Pickens Stadium on the Stillwater campus, despite the fact that the donation was dropping in value.
Now, here's the bad news. Yesterday all indications were that OSU Regents had been told last Friday afternoon that a large portion of the Pickens donation in the BP Capital hedge fund was virtually wiped out by margin calls on the funds investments in the third quarter.
Well, that's not actually the case. It seems that ALL of the money is gone (the link provided is for a members site, but you can read the full article here).
Officials were told that actually, the entire $ 165 million donation, and the earnings, which once inflated the gift to over $300 million, had recently been eliminated by margin calls due to drastically falling oil prices.
As of Monday OSU's gift had flat-lined completely and was declared 'gone.'
And just so you know, the school has already made a lot of those improvements to the football field . That's because the school borrowed almost all funds used in the stadium expansion plans using the $300 million balance in BP Capital as collateral.
Yikes. So, um, Oklahoma State is now in debt of close to $300 million dollars.
I have no idea how in God's name they're going to get out of this. State schools don't exactly have an extra $300 million sitting around.
Has a college ever actually declared bankruptcy? I'm not sure, but we're probably about to find out.
It can only get better, it can't get any worse...
Posted by Jesse at 10:39 AM :verbeug
...und zum dritten :eek:eek:eek
....nicht alle freuen sich über einen stärkeren $ :rolleyes
Crimminal action by Dr Bernanke & the FED stooges
(KeyserSoze) Oct 27, 14:03 For every 1% rise in the US dollar, the DOW tanks 2.5%
WAKE UP DR BERNANKE & THE FED STOOGES !!!!!!!!!!!!
A dollar too dear is bad for business and terrible for Wall Street, which means 99% of all Americans have lost 35-50% of their savings and pensions.
DR BERNANKE are you so oblivious to their pain?
This amounts to depraved indifference...sir, you are liable to us all for your passive ignorance and indecision!
Dr Bernanke my family has lost over 50% of their savings for our retirement. IMHO you are liable for your indifference ignorance and indecision!
October 27, 2008
US government 'foils plot to assassinate Barack Obama'
(Jason Reed/Reuters) Barack Obama
The US government tonight revealed it had foiled a plot to assassinate Barack Obama and 102 black people.
The Bureau of Alcohol, Tobacco and Firearms said the plan was to kill the Democratic presidential candidate and shoot or decapitate 102 black people in a Tennessee murder spree.
In court records revealed today, agents said they disrupted plans to rob a gun store and target an unnamed but predominantly African-American high school by two neo-Nazi skinheads.
....na ich weiss nicht :schwitz
Das verstehe wer will :confused. Eventuell wird ja der Minenbetrieb demnächst untersagt, oder alle Minen verstaatlicht.
A Clearer Perspective
-> Posted by sckpak @ 3:02 am on October 28, 2008
I read hundreds of editorials in a month and view / listen to numerous videos and audio presentations and I guess I’m fortunate to have the time to do so. What I have found is that this series of editorials is not only well written and thought provoking, but this series is IMO one of the best thus far in 2008.
Because I understand and appreciate the time constraints that many people face, I tend to only post links to viewpoints that I believe are worth the time and effort to go to. This happens to be one I believe people should be made aware of and for that reason I am providing the links to the series.
Re AIG…Bix from Midas
October 28th, 2008 AIG on the ropes…
It’s time to keep an eye on AIG. As of this moment it is trading at $1.40 down from $63/share.
It is important to understand that AIG is the heart and lungs of the Banking cabal and when they fall - the Cabal falls with them!
There are many exposes on the internet about AIG and their links to the CIA and market rigging operations.
The biggest issue here is that AIG is counter-party to many of the hidden metal derivative transactions….especially SILVER as outlined by Ted Butler over the years. A counter party default is at the eye of the financial storm at the moment.
The way it is trading, AIG could go down any day taking EVERY scrap of toxic paper with it!
We are there.
Special Reports Last Updated: Sep 23rd, 2008 - 00:42:36
AIG is a ‘special case’
By Wayne Madsen
Online Journal Contributing Writer
Sep 23, 2008, 00:18
(WMR) -- The U.S. government’s bail out of insurance giant American International Group (AIG) comes as no surprise to intelligence community insiders. In fact, AIG has been at the center of a number of CIA operations for decades.
The federal government’s $85 billion “bridge” loan to AIG essentially makes the United States government an 80 percent stakeholder in AIG, a move that will prevent external players from peering into AIG’s myriad intelligence operations on behalf of the CIA, according to an insider who has followed AIG’s overseas operations for a number of years.
As attorney general of New York State and as governor, Eliot Spitzer made AIG a prime target for his investigations. That ended when Spitzer was brought down in a sex scandal involving a prostitution ring.
AIG’s chairman, before he was forced to resign amid scandal, was Maurice “Hank” Greenberg. In 1962, Greenberg was hired by AIG’s founder, Cornelius Vander Starr, the uncle of President Bill Clinton prosecutor Kenneth Starr, as the chief of AIG’s North American operations. Greenberg eventually took over as AIG’s chairman, as well as assuming the chairmanship and CEO position of Starr’s other firm, C. V. Starr and Company. Greenberg retained control of C. V. Starr and Company after having stepped down as AIG’s chairman in 2005.
Greenberg, a close friend of Henry Kissinger, was considered a potential CIA director in 1995 after James Woolsey resigned. Perhaps it was Greenberg’s past connections to Whitewater Independent Counsel Starr’s uncle Cornelius that dissuaded Clinton from giving Greenberg the keys to Langley’s top executive washroom.
However, Greenberg and AIG had a long association with the CIA, according to WMR’s sources. AIG’s intelligence operations in Asia even pre-date the CIA and its predecessor, the wartime Office of Strategic Services (OSS).i Greenberg has served as a member of the National Intelligence Council.
Cornelius V. Starr started AIG as “American Asiatic Underwriters” in 1919 in Shanghai. Starr moved AIG from Shanghai to New York after the Communists came to power in 1949. Ironically, AIG is back in China through its ownership of People’s Insurance Company of China. AIG also owns AIG Korea Insurance.
Ever since the days of Ken Starr’s uncle, Cornelius, AIG has, on behalf of U.S. intelligence, kept tabs on rising players on the Asia political scene, particularly in China, Japan, Korea, Singapore, Hong Kong, Taiwan, and other countries. The quid pro quo for AIG is that it has weathered the storms generated by Spitzer and the global financial meltdown with the strong support from the U.S. government in return for permitting the mining of data from AIG’s insurance files by the CIA.
Greenberg has maintained close relations with the Beijing leadership over the years. However, his dealings with the CIA are also well known to the Chinese intelligence services. In fact, Chinese intelligence is aware that Greenberg has allowed AIG to be used as a major “placement” operation for a number of the CIA’s Asia-based non-official cover (NOC) officers.
The CIA’s analysts who concentrate on Asia have also enjoyed routine access to a huge AIG database maintained in San Francisco. AIG’s new building in Hong Kong was intended to be a major outpost for CIA agents assigned the China “beat.” However, Chinese intelligence succeeded in thoroughly wiring the building with surveillance systems and AIG’s China operations were blown. Chinese intelligence could not believe how sloppy Greenberg and the CIA were in handling the Hong Kong operation.
With the U.S. government now in control of AIG, the Bush family will breathe particularly easier. On June 20, 2005, WMR reported the following concerning the connection between Greenberg and the Bushes:
“The investigations of the secret Bush money tranches are coming to the fore as New York Attorney General Eliot Spitzer focuses in on the scandal involving Maurice “Hank” Greenberg and the inflation of the worth of American International Group (AIG) through shady affiliates, including AIG reinsurer Coral Re of Barbados. Greenberg was the CEO of AIG but was forced to step down amid the Spitzer probe. AIG was founded from Asia Life/CV Starr, a Shanghai-based international import/export and insurance firm founded in 1919 by Cornelius V. Starr, an Office of Strategic Services (OSS) operative in Southeast Asia during World War II. AIG’s largest shareholder is Starr International Company (SICO), an off-shore corporation incorporated in Panama with headquarters in Bermuda. Kenneth Starr, the independent counsel who prosecuted President Clinton, is the nephew of Cornelius Starr. Greenberg inherited the CEO job and Chairmanship from Starr as well as the $3.5 billion Starr Foundation.”
Previously published in the Wayne Madsen Report.
Copyright © 2008 WayneMadenReport.com
....ein Dreckspiel nach dem andern :bad
wie wird sich ein neuer Präsident schlagen in diesem unendlichen beschi$$enen Dickicht - ob ein Obama überhaupt gewählt werden "darf" :rolleyes
Mon 27 Oct 2008
Marc Faber Blames Governments For Selloff
Posted by alyx under cnbc
Dr. Doom is in the room. Dr. Marc Faber appeared on Squawk Europe this morning, with his usual bear market hardline:
“Now that deposits are guaranteed, basically I as an investor have no incentive to hold equities so I sell them and put my money in bank deposits,” Faber told “Squawk Box Europe” by telephone. “The interventions, they actually have increased volatility. It’s impossible to forecast market movements when you have interventions,” Faber said.Not sure I necessarily agree on the first point - the only thing the bank deposit guarantee really does is ensure that people keep their copious quantities of cash in bank deposits instead of under the bed (and when you look at the desperate things the banks in the US have done to shore up their deposit base, e.g., buying Wachovia, maybe the guarantees are not so bad).
However, he may be on to something regarding overstated book values, and inflation:
The next stage of the crisis may be that companies may have to adjust their book value as it happened during the bear markets of the 70s and 80s, when book value was overstated. “If the global economy slows down by as much as I think it will… then a lot of book values will have to be adjusted downward quite substantially,” he said.Insane volatility caused by alternating cash injections and flights to safety… book values being written down and significant cuts to earnings estimates… and a deflationary period followed by an inflationary period? Chaos and DOOM! Oh, how I’d like to see a Larry Kudlow vs. Marc Faber, goldilocks-vs-permabear cage match. That would be good theater.
---> Full CNBC interview here.
....es wird ja in Trader's Edge gezeigt - aber diese Auswüchse möchte ich doch festhalten :rolleyes:eek:schreck
740,00 EUR +270,00+57,45%
ein paar Minuten später :schwitz ....oooooooops - das geht ja ab :eek:eek:eek:eek:eek:eek
eine Erklärung: http://www.stock-channel.net/stock-...6&postcount=245
....man sollte das wirklich durchlesen - obwohl :bad:bad:bad
es ist kaum zu glauben, dass diese kriminelle Vereinigung nie zur Rechenschaft gezogen wird :mad
FBI Probe of JPMorgan Fees Focuses on Swaps Roiling Muni Debt
By William Selway and Martin Z. Braun
Oct. 27 (Bloomberg) -- Joseph Ambrosini says the deal looked so easy. JPMorgan Chase & Co. bankers told him there was really no risk. All he had to do was sign a public financing contract, and the bank would give $280,000 to his school district in New Castle, Pennsylvania.....
full story: http://www.bloomberg.com/apps/news?...G40&refer=home#
ANTI- TERROR- AKTION AN GRENZE ZU IRAK
Wieso die USA plötzlich Syrien attackieren
Von Ulrike Putz, Beirut Ein US-Blitzangriff auf Syrien schockiert den Nahen Osten. Insidern zufolge wurde bei der Attacke ein irakischer Qaida-Führer getötet - doch es ging um mehr: Die Regierung Bush wollte nach Pakistan jetzt auch den Machthabern in Damaskus zeigen, dass ihr Anti-Terror-Kampf kaum Grenzen kennt. mehr... [ Forum ]
IMF may need to "print money" as crisis spreads
The International Monetary Fund may soon lack the money to bail out an ever growing list of countries crumbling across Eastern Europe, Latin America, Africa, and parts of Asia, raising concerns that it will have to tap taxpayers in Western countries for a capital infusion or resort to the nuclear option of printing its own money.
By Ambrose Evans-Pritchard
Last Updated: 10:46PM GMT 27 Oct 2008
Comments 47 | Comment on this article
IMF's work in countries such as Turkey is only just beginning
The Fund is already close to committing a quarter of its $200bn (£130bn) reserve chest, with a loans to Iceland ($2bn), Ukraine ($16.5bn), and talks underway with Pakistan ($14.5bn), Hungary ($10bn), as well as Belarus and Serbia.
Neil Schering, emerging market strategist at Capital Economics, said the IMF's work in the great arc of countries from the Baltic states to Turkey is only just beginning.
"When you tot up the countries across the region with external funding needs, you get to $500bn or $600bn very quickly, and that blows the IMF out of the water. The Fund may soon have to start calling on the West for additional funds," he said.....
......"The IMF can in theory create liquidity like a central bank," said an informed source. "There are a lot of ideas kicking around."......
......Romania's central bank has taken drastic steps to defend the leu, squeezing liquidity so violently that overnight rates shot up to 900pc. But there are growing doubts whether this sort of shock therapy can obscure the fact that economic booms are now turning to bust across the region......
full story: http://www.telegraph.co.uk/finance/...is-spreads.html
print print print :rolleyes
...ich bekenne mich schuldig der Schadenfreude :o sollte es sich bewahrheiten - dann :bang:bang:bang
Re: What's the rumor on GS 5 minutes ago David Faber (CNBC) just said the rumor was caught short Volkswagen. He couldn't confirm it of course.
Re: What's the rumor on GS 1 minute ago The rumor is they are short Volkswagen.
GS must die - Hope greedy W.Buffet
lose his azzzzzzzzzz this time for supporting a crooked ...
precision77... (2 Ratings) 5 minutes ago wall street whores........
usa_in_big_... Not rated 4 minutes ago Re: GS must die - Hope greedy W.Buffet
GS dementiert ....allem Anschein nach soll es doch nicht so sein :( nicht einmal eine kleine Schadenfreude wird einem gegönnt :(;):hihi
Tue 28 Oct 2008
Volkswagen Ist Siegreich
Posted by Jason under Uncategorized
Good news, hippies! ExxonMobil is no longer the largest company in the world, by market value. That honor now falls to Volkswagen, which uses gas, so Exxon still wins.
Porsche, which has been slowly digesting the company its founder started with Hitler way back in the day, announced two days ago that it would be increasing its share in VW to 42 percent. Then today Porsche upped that to 75 percent, awesomely screwing traders who had shorted VW - the most-shorted stock in Germany’s chief index. No, really. Almost 13 percent of VW’s stock was on loan. Some traders are even going so far as to beg regulators to investigate, because they are whiny Germans who forgot that shorting is, in fact, an inherently risky behavior.
Naked German shorts sounds kind of sexy, doesn’t it?
28 October 2008
In 2009 the US Will Be Forced to Selectively Default and Devalue Its Debt
We have seen estimates that next year the US will have to finance a $2 Trillion annual deficit. They may be able to push it forward into the next Administration by the forbearance of the world, but not by much.
It should be obvious to anyone that we are approaching the apogee of the Treasury bubble, with the credit bubble having broken already.
When the Treasury says they are facing unprecedented challenges in financing the US public debt next year that is an understatement.
Once the deleveraging of the markets subsides, the dollar and Treasuries will drop, perhaps with some momentum, as the rest of the world realizes that the US has no choice but to default. This can be resolved in several ways, including continued subsidies from foreign sources in the form of virtual debt forgiveness, devaluation of the dollar, raising of taxes, and higher interest rates on debt.
The problem now is that the US has breached the point where it can service its debt out of real cash flows, and turning this around will require a severe devaluation of the US dollar.
Devaluation and selective default are the only foreseeable systemic alternatives. There are other exogenous paths of a more political nature such as consolidation and war that may color the default a slightly different color, but a selective default it remains.
This is the fundamental situation. Everything else is speculation and commentary.
Ryan Says Treasury Faces `Unprecedented' Financing Needs in '09
By Rebecca Christie
Oct. 28 (Bloomberg) -- The U.S. Treasury faces historic demands to fund a growing budget deficit and raise money for a $700 billion Wall Street rescue program the department's top domestic finance official said today.
``This year's financing needs will be unprecedented,'' said Anthony Ryan, the Treasury's acting undersecretary for domestic finance, at a Securities Industry and Financial Markets Association conference in New York, where he was a last-minute substitution for Treasury Secretary Henry Paulson.
To raise the necessary funding, the Treasury is looking at selling more long-term debt and possibly bringing back three- year note sales at the Nov. 5 refunding, Ryan said. The Treasury also is raising money to address ``many different policy objectives'' and reduce bond market disruptions and will try to keep its borrowing patterns as regular as possible, he said.
``We firmly believe that investors value greatly and pay a premium for Treasury's predictable actions,'' Ryan said. ``To the very best of our ability, we intend to stay the course.''
Ryan also said the U.S. government now ``effectively guarantees'' debt issued by mortgage companies Fannie Mae and Freddie Mac, the government-sponsored enterprises placed into government conservatorship on Sept. 7. The preferred stock agreement included in the government takeover means the U.S. now backs ``both existing and to be issued'' GSE debt.
``The U.S. government stands behind these enterprises, their debt and the mortgage-backed securities they guarantee,'' Ryan said. The GSEs have almost $6 trillion in outstanding debt and mortgage securities.
U.S. equity and credit markets remain under ``considerable strain'' and face ongoing challenges, he said. That said, Federal Reserve efforts to backstop commercial paper are ``helping'' to stabilize markets, he said.
To contact the reporter on this story: Rebecca Christie in Washington at Rchristie4@bloomberg.net;
Last Updated: October 28, 2008 10:47 EDT
Posted by Jesse at 11:06 AM :verbeug
...kleine Erholung zwischendurch :)
All in Good Fun (or is it?) Department
Letter of the Day
A reader - we'll just call him Wild Bill in Tennessee" just cc'd me on a letter to his bank:
Sen. Sanders on Wall Street :supi
Sen. Bernard Sanders (I-VT) is calling for Treasury Secretary Paulson to halt bonuses and dividends at banks recently propped up by taxpayer money.
...dieser CNBC Fritz ist unmöglich - total :dumm
Judge rules Ohio homeless voters may list park benches as addresses
Tuesday, October 28, 2008 1:32 PM
COLUMBUS, Ohio (AP) - A federal judge in Ohio has ruled that counties must allow homeless voters to list park benches and other locations that aren't buildings as their addresses. U.S. District Judge Edmund Sargus also ruled that provisional ballots can't be invalidated because of poll worker errors.
Monday's ruling resolved the final two pieces of a settlement between the Northeast Ohio Coalition for the Homeless and Secretary of State Jennifer Brunner.
The coalition agreed to drop a constitutional challenge to Ohio's voter identification law until after the Nov. 4 election. In return, Brunner and the coalition agreed on procedures to verify provisional ballots across all Ohio counties.
The coalition was concerned that unequal treatment of provisional ballots would disenfranchise some voters.
Tue 28 Oct 2008
JP Morgan: Soon To Repossess Your Airport, Sewer System, And Soul
Posted by alyx under subprime
OK, while stuck in traffic today I read what was about a nine page article on the FBI probe of JP Morgan’s fee structure for certain swaps on municipal debt. It’s a great article, but I know most of you won’t find yourself trapped in a tin can for an extended period of time with nothing to do but read financial articles on your phone so I am going to attempt to summarize it.
Basically, after the feds relaxed Glass-Steagall in 1987, and continuing through the early half of this decade, JP Morgan realized they could make a hell of a lot more money if they were to sell exotic instruments to municipalities instead of taking trivial commissions on weaksauce issuance of boring old municipal bonds.
JPM, more than any other brokerage, issued these deals. And, supposedly, the deals weren’t competitive, JPM failed to declare their fees and took the authority to decide whether or not agencies would enter future swaps, with taxpayer funds. The end result is that a lot of municipalities that bought into these floating-rate bonds and interest-rate swaps are in a lot of trouble. Some examples:
Local officials didn’t recognize the conflicts of interest created by the relationships between the advisers and the banks. Banks routinely pay these advisers and often refer them to government issuers.No one knew what JPM stood to make, and it’s debatable they knew what they were getting into at all. An exchange from the Erie school board that would be laughable if it weren’t so sad:
Erie school board member Eva Tucker asked DiCarlo how much JPMorgan would make in the deal.Exotic instruments, indeed. The other side of this swap is held in a foreign land! The land of PROFITS!
I don’t feel like going on and on about the investigation because I get tired of typing “alleged” over and over again and hell, I don’t know how to price out swaptions and most of the people reading this know much better than I do. All I can tell is that, taxpayers, you’ll be eating the crow from this mess for a while, in the form of higher sewer rates, higher airport taxes, and, one wonders, in the form of your children attending what is soon going to be known as J.P. Morgan Elementary School. Hey, at least the math classes will probably be pretty solid there.
...die JP Morgan story stösst vielen auf - ob sie mal zur Rechenschaft gezogen werden :rolleyes es wäre wirklich ein Lichtblick in diesem unendlichen Sumpf - nur von wem :confused haben ja alle die Hosen voll oder werden zum Schweigen gebracht :mad
....zur (hoffentlich) abschliessender Erklärung :rolleyes
richiedoc Post subject: No more charts
Posted: Wed Aug 27, 2008 12:46 pm
Joined: Sun May 04, 2008 5:43 am
Posts: 14 It was a fun experience the last two years. I am out of ideas. I am out of charts. I am out of money. The Futures market bankrupted me in two months. What a way to end it.
Good luck. Looks like we are headed back up. Looks like I'm going to miss all the fun. It's poetic justice, really, and I knew this would happen. The Silver God Himself jettisoned from the very market that made him known to strangers across the world...just when the market was about to make him the money he desperately needed.
Like I said. I knew this would happen. It was supposed to happen. This has been the pattern of things for me my whole life. Fate baby. It has you by the balls and there's nothing you can do about it. Enjoy the ride folks.
.....es geht leider vielen ähnlich :(
...das ist zwar nicht scary ;) Berlin-Tempelhof nach Frankfurt war der erste Flug in meinem Leben :supi:) ....war etwas später als die Rosinenbomber :rolleyes;)
Aus für Zentralflughafen
» Tempelhof ist Geschichte «
von Jens Tartler (Berlin)
Am Donnerstag wird der mythenumrankte Berliner Flughafen Tempelhof geschlossen. Jetzt, bevor der letzte Flieger abhebt, gibt der Bau aus der NS-Zeit Einblick in seine dunklen Geheimnisse......
Burg 7 Schloss'gespenst
Zitat von dohanics
seit dem die ZB's quasi Selbstbedinungsladen geworden sind spielt LIBOR keine rolle mehr. Interessanter aber was in ZB's eigentlich los.
Die FED hat den weltweiten Zentralbanken Anfang Oktober 2008 die TAF /Term Auction Facility/ zur Verfügung gestellt.
Durch die TAF werden USD in die jeweiligen Währungen getauscht [SWAP].
Die "wundersamen" Erholungen in den vergangenen 36 Stunden an der FOREX und Equity Märkten in Asien haben mit der TAF zu tun.
Mittlerweile wurden die USD SWAPS auf insgesamt !10! Währungen ausgeweitet.
4 Währungen können grenzenlos in USD getauscht /SWAP/ werden...
- EU EURO ---> SWAP Volumen: kein Limit
- England GBP ---> SWAP Volumen: kein Limit
- Schweiz CHF ---> SWAP Volumen: kein Limit
- Japan YEN ---> SWAP Volumen: kein Limit
- Brasilien BRL ---> SWAP Volumen: unbekannt
- Suedkorea WONG ---> SWAP Volumen: unbekannt
- Australien AUD ---> SWAP Volumen: $30 billions USD
- Neuseeland NZD ---> SWAP Volumen: $15 billions USD
- HongKong HKD ---> REVERSE SWAP USD/YEN/HKD Volumen: unbekannt
- Indonesien RUP ---> REVERSE SWAP USD/AUD/RUP Volumen: unbekannt
Ich kann mich nur wiederholen: Stahlhälme auf!
Weltwährung durch die Hintertür - FED hat damit bewiesenermßen schon die Kontrolle über die Geldschöpfung weltweit.
Consumers Feel the Next Crisis: It’s Credit Cards
By ERIC DASH
Published: October 28, 2008
First came the mortgage crisis. Now comes the credit card crisis.
After years of flooding Americans with credit card offers and sky-high credit lines, lenders are sharply curtailing both, just as an eroding economy squeezes consumers.
The pullback is affecting even creditworthy consumers and threatens an already beleaguered banking industry with another wave of heavy losses after an era in which it reaped near record gains from the business of easy credit that it helped create.
Lenders wrote off an estimated $21 billion in bad credit card loans in the first half of 2008 as more borrowers defaulted on their payments. With companies laying off tens of thousands of workers, the industry stands to lose at least another $55 billion over the next year and a half, analysts say. Currently, the total losses amount to 5.5 percent of credit card debt outstanding, and could surpass the 7.9 percent level reached after the technology bubble burst in 2001.......
full story: http://www.nytimes.com/2008/10/29/b...r=1&oref=slogin
....wurde jetzt schon öfters prophezeit :rolleyes dann wird's wohl noch kommen :schwitz
Demeter (1000+ posts) Wed Oct-29-08 08:04 AM
Response to Original message 30. Wall Street's 'Disaster Capitalism for Dummies'
14 reasons Main Street loses big while Wall Street sabotages democracy
By Paul B. Farrell
...I fear we're on the edge of a dangerous line between Wall Street's version of disaster capitalism and a toxic "merger of state and corporate power." The wolf is in sheep's clothing. Wall Street pretends we're a democracy. Yet America more closely resembles the kind of "corporatism" that Laurence W. Britt wrote about five years ago in Free Inquiry magazine.
We adapted his historical analysis of 14 key traits for today's discussion. Notice how they have a huge impact your investments and retirement:
1. Wall Street rich get first priority
Think "bailout." Wall Street's greedy con game spins out of control globally. Millions of homeowners misled, lose. Who gets hundreds of billions first? Wall Street's con men.
2. National security obsession
Think of the expansion of executive powers in the name of national security: Preemptive wars, wiretapping private citizens, Gitmo, torture; driven by a dark wealthy neocon elite.
3. Superpower with massive military
Think of our $3 trillion Iraq/Afghan War. Disaster capitalists love the thrill of military power. We outspend all nations, over half the federal budget to strut before the world.
4. Extreme nationalism
Signs are everywhere: Flags, lapel pins, "support the troops" slogans, all to get huge military budgets passed. Challenge them and you're un-American and unpatriotic.
5. Rally the masses by scapegoating enemies
Think "axis of evil," mushroom clouds, "Islamofascists," more terrorist attacks on the homeland. Propaganda creates "enemies" in the public's mind and distracts from real issues.
6. Corruption and cronyism
Think earmarks, no-bid defense contracts, paid mercenaries outnumbering military in Iraq, superlobbyist Jack Abramoff, biofuels, bridge to nowhere, millions donated to campaigns.
7. Obsession with crime
Think of prison-building as just another investment opportunity, rather than focusing on reforming our criminal justice system. Stoke irrational fear of criminals and extremists.
8. Labor and low wages
Think corporate earnings versus the wages paid to workers. No "trickling down," leaves more for tricklers: Rich insiders, stockholders. Wages dropping as CEO salaries skyrocket.
9. Contempt for human rights
Think of abuses of habeas corpus, loss of right to trial, bogus charges, plus "demonizing" the victims, all in the name of national defense and homeland security.
10. Mass media manipulation
Think of leaking false information, Joseph Wilson, Valerie Plame, Scooter Libby, Colin Powell's United Nation's testimony, Condoleezza Rice's mushroom clouds, WMDs, all to suppress the truth.
11. Obsession with sexism
Think of paternalism, antigays, antiabortion, subordinate women -- then codify the system as the law of the land reinforcing a male-dominated society, punish violators.
12. Disdain for intellectuals
Think of conservative intellectuals Francis Fukuyama and Bill Buckley. Contrast them to Sarah Palin and Joe Sixpack conservatism, Bush's funding cuts for arts and science education.
13. Religion in government
Think of all the faith-based programs versus antiscience in drug approvals, creationism vs. evolution, Ten Commandments enshrined in public buildings, public money to churches.
14. Fraudulent elections
Think of police and prosecutorial intimidation and threats to voters, challenging minority voters, ballots disappearing, party election officials committing outright fraud.
Yes, officially America is still a democracy. We have enough signs and rituals to support that illusion. But the truth is America has become a plutocracy run by and for the wealthy. And since Wall Street's Disaster Capitalism coup de grace, we are rapidly morphing into a dangerous new government.
Russia begins to refuse credit cards in worsening global financial crisis :rolleyes
Russian businesses have begun to refuse credit cards as the global financial crisis worsens.
By Charlotte Bailey
Last Updated: 9:15PM GMT 27 Oct 2008
Several Moscow city centre restaurants are now refusing to accept cards in a move not seen since Russia's last financial crisis almost a decade ago.
Some automated teller machines at Sberbank, the country's biggest state-owned bank, have also stopped accepting cards from other banks.
Several electronics and mobile phone stores said they no longer accepted credit card purchases.
Over the weekend, Aeroflot, the biggest Russian airline, announced it had stopped taking credit cards payments for flights except from a handful of banks.
Meanwhile, the International Monetary Fund (IMF) and the US government announced two large bailouts as financial markets remain volatile.
The IMF said it was to offer a $16.5 billion (£10.4 billion) loan to the Ukraine and has agreed an undisclosed package with Hungary.
As news of IMF's bailout comes to light, it has also emerged nine major US banks will receive $125 billion (£80 billion) in capital injections this week from the US government.....
full story: http://www.telegraph.co.uk/finance/...ial-crisis.html
....ja vielleicht - eines Tages :)
....und nochmals VW zum letzten :rolleyes;):D
und der Dow zum Schluss noch schnell einen Abflug :rolleyes trotz Zinssenkung
spend spend spend
-> Posted by puptent @ 17:02 pm on October 29, 2008
Reuters reports that The U.S. Treasury Department on Wednesday confirmed that it has purchased $125 billion preferred shares in nine leading banks under its financial rescue package. Bank of America (BAC), Wells Fargo (WFC), CitigroupJPMorgan Chase (JPM), Goldman Sachs (GS), Morgan Stanley (MS), Bank of New York Mellon Corp (BK), State Street Corp (STT) and Merrill Lynch (MER) have all received money under the program, the Treasury said.
DealZone * Behind the deals and deal-makers
October 29th, 2008
Goldman $ach$ names partner$
Posted by: Joseph Giannone
It’s not all bad news on Wall Street, at least not for those at the top of the heap.
Paul R. Aaron Sean J. Gallagher David M. Marcinek Heather K. Shemilt Sanggyun Ahn Gonzalo R. Garcia Blake W. Mather Magid N. Shenouda Philip S. Armstrong Paul E. Germain John J. McCabe Suhail A. Sikhtian Charles Baillie Paul Graves John J. McGuire Jr. Gavin Simms Philip R. Berlinski E. Glenn Hadden Milton R. Millman III Marshall Smith Robert A. Berry Jonathan J. Hall Christopher Milner John D. Storey Oliver R. Bolitho Jan Hatzius Christina P. Minnis Patrick M. Street Patrick T. Boyle Martin Hintze Takashi Murata Ram K. Sundaram Stephen Branton-Speak Todd Hohman Todd G. Owens Robert J. Sweeney Anne F. Brennan James P. Houghton Craig W. Packer Michael J. Swenson Samuel S. Britton Paul J. Huchro Gilberto Pozzi Jeffrey M. Tomasi Jason G. Cahilly Hidehiro Imatsu Lora J. Price David G. Torrible Martin Cher Alan S. Kava Lorin P. Radtke Frederick Towfigh Denis P. Coleman III Dimitrios Kavvathas Richard M. Ramsden Greg A. Tusar Kevin P. Connors Larry M. Kellerman Michael J. Richman Andrea A. Vittorelli James V. Covello Hideki Kinuhata Michael Rimland Paul Walker Jeffrey R. Currie Michael E. Koester Luigi G. Rizzo Alasdair J. WarrenAlbert F. Dombrowski J. Christopher A. Kojima Scott A. Romanoff Dominic A. Wilson Thomas M. Dowling Michiel P. Lap Julian Salisbury Steve Windsor L. Brooks Entwistle Brian J. Lee Paul D. Scialla Martin Wiwen-Nilsson Stephan J. Feldgoise David A. Lehman Peter E. Scialla Denise A. Wyllie Benjamin W. Ferguson Deborah R. Leone Peter A. Seccia Han Song Zhu* Wolfgang Fink John S. Lindfors Rebecca M. Shaghalian Timur F. Galen H.C. Liu Devesh P. Shah
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