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rodin
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rodin
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 Posted: Fri Jan 18, 2008 3:11 am Post subject: |
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| Quote: | There is no doubt the Fed and the PPT are meeting right now. A drop of over 300 points on the Dow after the Chairman of the Federal Reserve speaks publicly presages a 1000 point break in the DOW coming quite quickly, if not tomorrow.
Unless the equity markets can be calmed, a panic is about to happen, making the statement "This is it" a horrible reality.
If the equity markets cannot be calmed then:
Recognize this is the Formula happening like everything else much sooner and much bigger in its implications than anticipated.
Gold will rise to $1650 as an almost immediate effect of what will be done to attempt to fend of a total panic starting to take place in general equities, therein threatening to be followed by all credit markets of all kinds.
The funds and hotshot short term traders in gold shares will be killed by the upward explosion of the gold price about to occur.
The PPT and the Fed will step out of gold’s way because gold is one of the tools used in 1930 by Roosevelt and in 2000 by Bush. It will be used again now on the upside.
Gold is the only insurance there is against what all this means because a panic in equities will blow the financial system, already coming apart, to smithereens.
All country funds would shut down on any further investments in "at the wall" financial institutions.
The rollover in credit and default derivatives would exceed the entire foreign debt of the USA.
The rest of the $450 trillion dollar mountain of derivatives would start a disintegration like nothing you have every seen in your lifetime.
Consumer demand would slam shut.
The auto industry might as well go into liquidation this coming Monday, avoiding the June 2008 rush.
The US dollar would burn a hole in the floor going directly to .5200 or lower.
As the dollar disintegrates gold would rocket to and through $1650 in days.
The markets for general equities would all have to institute total trading halts every 100 points on the downside for 30 minutes each.
All commercial call loans would be called.
All debtors one day late on any payment, lacking grace period, would be liquidated. All debtors over one day of the grace period would be liquidated.
It is clearly visible to anyone with eyes or a mind to think that the PPT has lost all resemblance of control in the equity markets and will soon in all remaining markets.
The commercial paper credit market which is almost dead will die totally.
Should no emergency action take place in the next two trading days, you will see an old fashioned panic of the 1929 variety. |
http://www.jsmineset.com/
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Emmanuel
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conspiracy analyst
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Joined: 27 Sep 2005
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| Posted: Fri Jan 18, 2008 1:04 pm Post subject: |
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A $3 Trillion Bankruptcy Will
Now Start To Emerge
Jan. 11, 2008 (EIRNS)—An experienced European banker told EIR this morning that "the problems of 2008 are of a completely different order of magnitude than those we saw in 2007."
We have entered a period now, he explained, in which large banks and financial firms are opening their books to external auditors, after having announced losses for the fourth quarter of 2007 according to their own internal surveys. But these external audits are now finding different values than those previously announced. (Surprise, surprise!—ed.) Thus, said the banker, we might expect a whole series of aggravated balance sheets, including legal bankruptcies of banks and financial companies.
Whereas the losses officially calculated by central banks are already tremendous, in the order of hundreds of billions of dollars, the real write-off concerns some $3 trillion, the source said. That is what is starting to emerge now.
Take this as the real context for the reports and rumors of $40 billion or so in "new" losses, swirling in recent days around just two financial firms, Citigroup and Merrill Lynch. |
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TonyGosling
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rodin
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| Posted: Fri Jan 18, 2008 11:55 pm Post subject: |
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| TonyGosling wrote: | | If I'd have been Executive Producing this I would have got you to include "...of unprecedented proportions." |
You obviously didn't read the lyrics on that OP DOW chart 
By February the second album will be ready
DISCOGRAPHY
7/7/2006
2008 'Net'
2009 : I
As you can see the Album titles are getting shorter
We think we have a brilliant and unique product but we are not sales people. I thought a business model might be to enter into partnership with alternative news sites and forums on a profit share of some kind. Mick Meaney expressed an interest. Looking for help here.
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TonyGosling
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TonyGosling
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