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Take a peek at these two charts released from the FED today and tell me what you see.
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Anonymous Coward
User ID: 429245
5/14/2008 10:33 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
I think it might be Amero time
In the end, money is pieces of paper you trade for items. You can do this without pieces of paper. That's the game, paper. If you all just figure out that money IS the problem. A NEW money won't solve anything. Let me give you a rock and call it 5 scratches. What can you buy with it? Well, obviously 1) whomever will sell you things for a rock...and.. 2) whomever determines what a product is worth in rock scratches. Quoting: Anonymous Coward 410940
Great post! But, I want to have something to trade, and that's what I'm trying to figure out now...How to best use the monies I have now. |
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loosecannon 
User ID: 432936
5/14/2008 10:47 AM
 | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
It's all over but the crying folks. US banks are INSOLVENT. The Feds are backstopping them to prevent the end of the fucking world as you know it.
The boys over at the ticker tape forum are having a field day with this one.
 
Omega, what I see when I look at those charts is simply that the Fed is monetizing bad mortgage paper and exchanging currency for mortgage bundles.
While this should be criminal and a cause for concern due to incipient inflation, I don't see any cause for alarm beyond that.
I would be interested in seeing a link for those charts that defines their original sources.
Now the long term is still unclear. Will the Fed later sell those mortgage bundles to Freddie, Fannie? Or back to the banks of origin once the mortgage crisis is contained?
I dunno. But it looks like a giant game of hot potato. |
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Anonymous Coward
User ID: 241019
5/14/2008 10:50 AM | |
Anonymous Coward
User ID: 241019
5/14/2008 10:50 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
it's the taf thang.
money 4 nuthin...lol |
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Anonymous Coward
User ID: 241019
5/14/2008 10:51 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
it's the taf thang.
money 4 nuthin...lol |
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Anonymous Coward
User ID: 241019
5/14/2008 10:52 AM | |
Anonymous Coward
User ID: 430909
5/14/2008 11:01 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
I would be interested in seeing a link for those charts that defines their original sources.
Now the long term is still unclear. Will the Fed later sell those mortgage bundles to Freddie, Fannie? Or back to the banks of origin once the mortgage crisis is contained?
I dunno. But it looks like a giant game of hot potato.
What ya gonna do get rid of the link??
Noting will get contained with all these disasters. Also happening its gotta take a toll after a while. How about these insurance companys, I read a report that people are not getting covered any more where these tornadoes are hitting! |
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Gawain
User ID: 5367
5/14/2008 11:03 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
They (bankers, power elite, et al.) are encouraging the shepple to get credit, credit and more credit.
Well, the shepple need jobs in order to pay back the money borrowed from the banks.
Well, corporations are hurting so everything is being outsourced overseas and in Mexico.
The shepple are loosing their jobs. Many are unable to repay the loans.
Bad loans bring about increased credit charges (discount rate).
Increases in discount rates put further stress on the corporations, so they lay off more of the shepple.
Where does it end?
EH? |
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Anonymous Coward
User ID: 432951
5/14/2008 11:05 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
This is old shit posted by Fred at itulip.com four days ago.
[link to www.itulip.com]
Is Hyperinflation Possible?
We have since 1999 believed that the US was destined to inflate its way out of excessive debt, both public and private. The logic of our conclusion is simple. The government can never pay off its debts to foreign governments or to itself – not enough national income. US households can't pay their debts either for lack of opportunities to increase income to cover debts. The Fed has the option to inflate in any economic or financial system crisis that might precipitate a debt crisis because the US is not on a gold standard as it was in the early 1930s when the US suffered a monetary deflation as a result of the last debt crisis. And, finally, monetary inflation is politically expedient because it cannot be readily blamed on one political party, arising as it does from the bipartisan Fed, whereas taxes – the honest means for paying public debts – is political death for the party that chooses it.
In any case, increasing taxes during the kind of economic contraction that typically leads to debt crisis is, as economists say, counter cyclical, like asking your wife if it's okay if you go play cards and drink beer with your friends right after you've finished apologizing for forgetting her birthday, again.
Our expectation was for an inflation to culminate in a 100% rise over a period of five or six years, a major inflation such as occurred in Mexico and Russia in the 1990s, but not hyperinflation as occurred in the Wiemar Republic in the 1920s or Zimbabwe today. We recently read a report by a credible source that makes an extensive case for an American hyperinflation.
When we read John William's recent report on hyperinflation Hyperinflation Special Report it struck us as extreme. He suggests a scenario that, unlike ours, says the Fed has no choice but to cause a hyperinflation in order to avert a collapse of the financial system.
To re-calibrate ourselves to analyze William's report we returned to the St. Louis Fed's web site to see how the charts are doing that we first reviewed in January 2008 that show how much the Federal Reserve System member banks, and we suppose now investment and other banks that are not officially part of the Federal Reserve system, are borrowing from the system as the financial crisis that started in June last year continues. Keep in mind that a few "the worst is over" articles came out last week from Sir Warren Buffett and Hank Paulson. Here's what we found.
This chart shows how much money was left in the Federal Reserve Banking System
reserve accounts in aggregate across the Federal Reserve system when member banks
drained funds from reserve accounts during previous crises versus this one.
The little blip you see around the time of 911 is the Greenspan Fed expanding reserves in a bid to prevent exactly the kind of event that is happening now. He was afraid that a panic would set off a rush for cash and he wanted to make sure the banks had enough.
This chart shows how much money was borrowed from Federal Reserve Banking System
reserve accounts in aggregate when member banks drained reserves from the
Fed system during previous crises versus this one.
We are in the midst of a financial crisis completely without precedent. An analysis by economist John Atlee at Harvard in 2001 shows, "...bank reserve balances at the Fed -- the only reserves the Fed actually controls by its open market operations -- are now only about $7 billion. That's a miniscule 1.3% of checking accounts (not the official 10%), resulting in... extreme leverages." At the time he wrote that report in 2001, total borrowings had never in the Fed's entire history exceed a few billion in a crisis. Atlee, by the way, is in favor of a 100% reserve requirement.
What does it mean? Again, as this circumstance is unprecedented no one knows, but John Williams' hyperinflation scenario is no longer out of the question. Why? Because the only obvious way out is to monetize debt far in excess of reserves that the Fed controls via open market operations. Once printed the Fed has no control over where the money thus created goes, and thus it goes into everything. Oil prices rise. Food prices rise. Stock prices rise. Purchasing power declines.
When we showed these charts previously, when the crisis first started, we received nasty emails from readers who were convinced we'd made these scary charts ourselves and distorted the data to create a dramatic appearance. They are freely available at the St. Louis Fed's web site here and here.
The official iTulip position on hyperinflation:
Warning about a dollar hyperinflation makes good theater but has little value from an investment perspective. As we've pointed out many times and most recently here in How to make $301% in six years with low volatility, dollar hyperinflation is not in the cards.
For a nation to experience a hyperinflation, all four of the following conditions need to be met:
Large and growing external debt as a percentage of GDP with falling GDP (Yes, like the US.)
Politically and economically isolated and irrelevant (Not like the US. Think: Zimbabwe.)
No external demand for the currency (Not like the US dollar. Think: Iraqi Dinar.)
Political chaos (i.e., tanks rolling down the street, not like the US.)
The US meets only the first condition. The US is certainly more politically isolated than in the past but as the world's largest economy is hardly irrelevant. The dollar is still a reserve currency so hardly meets the third criteria. The US is arguably one of the most politically stable on earth so the 4th condition is out.
Hardly the stuff of hyperinflation. That said, the value of a common share of USA, Inc.–the US dollar–will continue to come under pressure.
As for the charts above, some say that the sudden surge in reserve borrowing is a technical anomaly, due to a change in the way the Fed accounts for new more creative forms of discount window borrowing. That's true except that the Fed should have taken steps to avoid the distortion the added lending created to the long term borrowed reserves data set and instead created a new one, and at some point the Fed runs out of ways to lend without expanding its balance sheet. Then the William's scenario starts to look possible, but not before a lot of other events occur first. |
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Anonymous Coward
User ID: 338377
5/14/2008 11:05 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
This "fallout" exhibited on these charts is just the result of the subprime debacle and its associated dervatives.You think this looks bad???
Just wait until the ALT-A mortgages start resetting to
dramatically higher interest rates. There are 50% more of these loans than there were subprimes, and the ALT-A's are for twice the amount !Plus these borrowers now have negative
equity in these properties !
You should have been voting for Ron Paul!He told you that
this nation has been overtaxing, overspending and overborrowing and that this fiat monetary system would end in a dollar crisis. As he told you, this will end badly.
But the American sheeple , not listening, not paying attention, apathetically contemplating their navels will lose their purchasing power, their security, their retirement, then their freedom ,as the societal fabric
breaks down due to economic strife.
Tick-Tock...Tick-Tock...Tick-tock....... |
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loosecannon
User ID: 432936
5/14/2008 11:08 AM
| | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
Quoting: Anonymous Coward 241019
Thanks for the links, bookmarked.
According to the Bank of St Louis Fed branch reserves are negative 100 billion$. Chump change to the fed who own at least $4.5 trillion in US bonds alone. Their combined assets are likely above $20 trillion. And they can and will monetize virtually any amount of currency at will.
I see no realistic possibility that they could go broke baring default by the US on our debt or the collapse of the dollar, and again the amounts are relative chump change.
In light of that I don't know that it matters, but what kind of reserves does the chart even state? Cash reserves? Reserves in deposit at that specific depository? The fed is after all and among other things a collection of ten physical depositories for cash reserves.
One last detail that could be in play: the Board of presidents of the Federal Reserve are authorized to change their own reserve requirements themselves by their own committee process rules.
They may have eliminated cash reserve requirements altogether. Not that that matters a whole lot as 0%, 1%, or 5% is a whole lot short of 100%. |
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Anonymous Coward
User ID: 430909
5/14/2008 11:15 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
Important video on Federal Reserve
[link to www.youtube.com] |
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jarha
User ID: 109238
5/14/2008 11:16 AM
 | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
[ link to research.stlouisfed.org]
Thanks for the links, bookmarked.
According to the Bank of St Louis Fed branch reserves are negative 100 billion$. Chump change to the fed who own at least $4.5 trillion in US bonds alone. Their combined assets are likely above $20 trillion. And they can and will monetize virtually any amount of currency at will.
I see no realistic possibility that they could go broke baring default by the US on our debt or the collapse of the dollar, and again the amounts are relative chump change.
In light of that I don't know that it matters, but what kind of reserves does the chart even state? Cash reserves? Reserves in deposit at that specific depository? The fed is after all and among other things a collection of ten physical depositories for cash reserves.
One last detail that could be in play: the Board of presidents of the Federal Reserve are authorized to change their own reserve requirements themselves by their own committee process rules.
They may have eliminated cash reserve requirements altogether. Not that that matters a whole lot as 0%, 1%, or 5% is a whole lot short of 100%.
JUST "ELASTIC CURRENCY"
NO REASON FOR PANIC
From his Audacity of Hope; "Hi, I'm Barack Hussein Obama"
"I will stand with the Muslims should the political winds shift in an ugly direction."
~ BARACK HUSSEIN OBAMA, FROM DREAMS OF MY FATHER: STORY OF RACE & INHERITANCE
“OUR RAGE AT WHITE WORLD NEEDED NO OBJECT,
...
IT COULD BE SWITCHED ON AND OFF AT OUR PLEASURE.”
___________________________
There is no thing endowed with life - from man, who is enslaving the elements, to the nimblest creature - in all this world that does not sway in its turn. Whenever action is born from force, though it be infinitesimal, the cosmic balance is upset and the universal motion results. |
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Boiled Frog
User ID: 364913
5/14/2008 11:19 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
I have no idea what I am looking at. I am trying to understand them. The financial blogs I look at have mixed outlooks.
Calculated risk thinks it might be a false alarm:
[link to calculatedrisk.blogspot.com]
Market Ticker thinks its pretty bad:
[link to market-ticker.denninger.net]
The Financial Ninja thinks it is probably very bad but concedes it might be too early to know what the fallout is:
[link to www.benbittrolff.blogspot.com]
I would go to these sites and try to get a better understanding, as will I. Financial Ninja has been watching these (scary) charts and reporting on them for months. Each month it gets worse. |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 356024
5/14/2008 11:25 AM
 | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
[ link to research.stlouisfed.org]
Thanks for the links, bookmarked.
According to the Bank of St Louis Fed branch reserves are negative 100 billion$. Chump change to the fed who own at least $4.5 trillion in US bonds alone. Their combined assets are likely above $20 trillion. And they can and will monetize virtually any amount of currency at will.
I see no realistic possibility that they could go broke baring default by the US on our debt or the collapse of the dollar, and again the amounts are relative chump change.
In light of that I don't know that it matters, but what kind of reserves does the chart even state? Cash reserves? Reserves in deposit at that specific depository? The fed is after all and among other things a collection of ten physical depositories for cash reserves.
One last detail that could be in play: the Board of presidents of the Federal Reserve are authorized to change their own reserve requirements themselves by their own committee process rules.
They may have eliminated cash reserve requirements altogether. Not that that matters a whole lot as 0%, 1%, or 5% is a whole lot short of 100%.
Dude are you like high on crack??? The FED has no mandate whatsoever to hand out free candy (money) at the discount window and take Level 3 assets and questionable paper in return from ANY private bank. They are backstopping INSOLVENCY and taking on the risk themselves. It is unheard of and will END BADLY. For YOU and I, as you are the one that will be paying for it.
Discernment. Get some.
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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Anonymous Coward
User ID: 430909
5/14/2008 11:27 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
[ link to research.stlouisfed.org]
Thanks for the links, bookmarked.
According to the Bank of St Louis Fed branch reserves are negative 100 billion$. Chump change to the fed who own at least $4.5 trillion in US bonds alone. Their combined assets are likely above $20 trillion. And they can and will monetize virtually any amount of currency at will.
I see no realistic possibility that they could go broke baring default by the US on our debt or the collapse of the dollar, and again the amounts are relative chump change.
In light of that I don't know that it matters, but what kind of reserves does the chart even state? Cash reserves? Reserves in deposit at that specific depository? The fed is after all and among other things a collection of ten physical depositories for cash reserves.
One last detail that could be in play: the Board of presidents of the Federal Reserve are authorized to change their own reserve requirements themselves by their own committee process rules.
They may have eliminated cash reserve requirements altogether. Not that that matters a whole lot as 0%, 1%, or 5% is a whole lot short of 100%.
JUST "ELASTIC CURRENCY"
NO REASON FOR PANIC
Don't need to panic just that its a reallity. |
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loosecannon
User ID: 432936
5/14/2008 11:30 AM
| | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
Dude are you like high on crack??? The FED has no mandate whatsoever to hand out free candy (money) at the discount window and take Level 3 assets and questionable paper in return from ANY private bank. They are backstopping INSOLVENCY and taking on the risk themselves. It is unheard of and will END BADLY. For YOU and I, as you are the one that will be paying for it.
Discernment. Get some. Quoting: Omega
I understand all of that, except that you make a bizarre and giant jump when you assume insolvency. It's more like saving the banks from the losses that the mortgage crisis and subsequent loss of real estate equity include.
But those losses are A) short term, real estate always recovers and B)approx the size of the dot com collapse.
We had a much, much bigger problem with the dollar and hyperinflation in the early 80's as a result of unpegging the dollar from gold. And we recovered after 4 years of hyperinflation.
Inflation is the cure for currency debasement.
And no I don't do crack, asshat. |
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Underground_Dude
User ID: 429048
5/14/2008 11:35 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
Hey Omega: You do have a Land Patent on your property RIGHT?
I believe Texas is one of the states that allows for this. |
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Jagsbch
User ID: 432340
5/14/2008 11:39 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
The war to keep the oil in Iraq flowing towards the dollar rather than the euro, the Housing scam that had lenders shelling out dough for value that did not exist would have bought even more time if the law against bankruptcy did not put the brakes on everything by forcing people to keep their bills while being forced to lose their homes. The greed got the best of the political angle aimed at keeping the ship afloat IMO.
Thing is the country was forced to compete with slave labor, as politicians and companies for the love of money, sold out the workers in this country who made them fat for workers in other countries where leaders of those countries where more interested in getting fat themselves for the sake of paying their people pennies for what the people in this country where getting paid hundreds of dollars a day for.
It was a free slave not free trade agreement that took the hammer to this nation, while corportions like Nike keep tabs on the tenth of the second for what workers produced in these slave environments, where the working standards may as well be those of a chang gang compared to the standards that labor agencies who are running jobs out of this country insist on companies paying in this nation wo the ones running the agencies can like a bunch of mobsters live high on the hog while in their attempt to control the powers that be with the money they are sucking off the top of the workers in this nation.
Point is there is more than enough resources to go around not to mention pay off the debt, point is those who are in control are so damn greedy that they are blinded to the impact of that selling this country out is having...
Thing is there will never be enough as long as the filthy rich are allowed to have more than their share at the expense the rest of this world having to suffer to the point of being in critical condition. Think of allthe money being wasted on defense when in reality we are defending the right of the elite to divide and conquer...  |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 356024
5/14/2008 11:41 AM
| | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
Dude are you like high on crack??? The FED has no mandate whatsoever to hand out free candy (money) at the discount window and take Level 3 assets and questionable paper in return from ANY private bank. They are backstopping INSOLVENCY and taking on the risk themselves. It is unheard of and will END BADLY. For YOU and I, as you are the one that will be paying for it.
Discernment. Get some.
I understand all of that, except that you make a bizarre and giant jump when you assume insolvency. It's more like saving the banks from the losses that the mortgage crisis and subsequent loss of real estate equity include.
But those losses are A) short term, real estate always recovers and B)approx the size of the dot com collapse.
We had a much, much bigger problem with the dollar and hyperinflation in the early 80's as a result of unpegging the dollar from gold. And we recovered after 4 years of hyperinflation.
Inflation is the cure for currency debasement.
And no I don't do crack, asshat. Quoting: loosecannon
SAY WHAT??? The major banks are running their day to day operations via the Fed discount window-ie FED CREDIT. Sure looks like insolvency to me.
Buttmuncher.
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 356024
5/14/2008 11:43 AM
| | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
Hey Omega: You do have a Land Patent on your property RIGHT?
I believe Texas is one of the states that allows for this. Quoting: Underground_Dude
I know of what you refer, and no I do not. I'll defend it with lead. Lots of research involved in obtaining a Land Patent, and they watch out for stuff like that and try and thwart you.....
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 356024
5/14/2008 11:45 AM
| | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
But those losses are A) short term, real estate always recovers and B)approx the size of the dot com collapse.<<<
Oh I almost forgot......
Real Estate will NOT be recovering any time soon, it's the worst bust since the great depression. Subprime issue????
Bwhahahahahahahhahahha.....
You ain't seen nothing yet fool.
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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Anonymous Coward
User ID: 432970
5/14/2008 11:55 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
A lot of you seem to be confused on a small point.....every penny of money you have is fed credit, so of course banks are using fed credit for their every day operations. Every cent that each of you has is not your own, you are borrowing from the fed. They do not sell money, they loan it. |
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Underground_Dude
User ID: 432971
5/14/2008 11:55 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
Hey Omega: You do have a Land Patent on your property RIGHT?
I believe Texas is one of the states that allows for this.
I know of what you refer, and no I do not. I'll defend it with lead. Lots of research involved in obtaining a Land Patent, and they watch out for stuff like that and try and thwart you..... Quoting: Omega
I have it on all the properties and have had only one problem I know of. That was on a property in town adjacent to a freeway but they weren't able to stop it from going through.
In my case though I just let the lawyers handle things and I sign the papers.
You really should check into it, it could prevent a lot of misunderstanding because it truly makes your property your kingdom. It also connects you to the original land holders (Spanish, Brits etc.).
Just a suggestion. |
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Anonymous Coward
User ID: 319912
5/14/2008 11:58 AM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
Hey Omega: You do have a Land Patent on your property RIGHT?
I believe Texas is one of the states that allows for this.
I know of what you refer, and no I do not. I'll defend it with lead. Lots of research involved in obtaining a Land Patent, and they watch out for stuff like that and try and thwart you..... Quoting: Omega
Geez O-Merry Christmas, you're always braggin' bout how you're gonna defend yourself with your boom sticks like you some kinda superhero. Dude, if "they" want to, they'll come in and blast your ass to Morocco if they wanted. Ain't history taught you nothin' bout Karesh?
You're all mouth and no meat. |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 356024
5/14/2008 12:04 PM
| | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
Hey Omega: You do have a Land Patent on your property RIGHT?
I believe Texas is one of the states that allows for this.
I know of what you refer, and no I do not. I'll defend it with lead. Lots of research involved in obtaining a Land Patent, and they watch out for stuff like that and try and thwart you.....
I have it on all the properties and have had only one problem I know of. That was on a property in town adjacent to a freeway but they weren't able to stop it from going through.
In my case though I just let the lawyers handle things and I sign the papers.
You really should check into it, it could prevent a lot of misunderstanding because it truly makes your property your kingdom. It also connects you to the original land holders (Spanish, Brits etc.).
Just a suggestion. Quoting: Underground_Dude
Thanks man, I will.....gotta get rid of that clouded title, eh???? Understood....
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 356024
5/14/2008 12:06 PM
| | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
Hey Omega: You do have a Land Patent on your property RIGHT?
I believe Texas is one of the states that allows for this.
I know of what you refer, and no I do not. I'll defend it with lead. Lots of research involved in obtaining a Land Patent, and they watch out for stuff like that and try and thwart you.....
Geez O-Merry Christmas, you're always braggin' bout how you're gonna defend yourself with your boom sticks like you some kinda superhero. Dude, if "they" want to, they'll come in and blast your ass to Morocco if they wanted. Ain't history taught you nothin' bout Karesh?
You're all mouth and no meat. Quoting: Anonymous Coward 319912
Dumbass. Yeah they'll blast my ass. However I am good for at least half a dozen, fool. If every man could do that, I guess TPTB would have a major problem, eh fool?????
Take it to the Omega troll thread, asshole-I'll see ya there.....
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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Anonymous Coward
User ID: 355852
5/14/2008 12:07 PM | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
LOL. My old friend....
Of course JP Morgan is gonna step up to the plate and try and jawbone their way outta it. They ain't stupid. This concerns the psychology of crowds, the little guy believes the major banks are in trouble and you'll have good ole fashioned bank runs, ala Northern Rocks in the UK.
Can't have major banks runs in the US, we got guns man....
I stand by my position. The charts don't lie. US banks are INSOLVENT. Quoting: Omega
Omega, nice post. I saw the posting on the TickerForum yesterday and thought, here we go again. Since I am not as educated on the markets as you or others here, how far do you think they can go negative until J6P starts to get a clue? They can't keep this going indefinably, can they?
It is also disconcerting that all the junk debt the Fed is trading for $$ is being taken on by the US Treasury. Um..I'm not an accountant, but bad debt has to catch up with you some time. Right? |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 356024
5/14/2008 12:15 PM
| | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
LOL. My old friend....
Of course JP Morgan is gonna step up to the plate and try and jawbone their way outta it. They ain't stupid. This concerns the psychology of crowds, the little guy believes the major banks are in trouble and you'll have good ole fashioned bank runs, ala Northern Rocks in the UK.
Can't have major banks runs in the US, we got guns man....
I stand by my position. The charts don't lie. US banks are INSOLVENT.
Omega, nice post. I saw the posting on the TickerForum yesterday and thought, here we go again. Since I am not as educated on the markets as you or others here, how far do you think they can go negative until J6P starts to get a clue? They can't keep this going indefinably, can they?
It is also disconcerting that all the junk debt the Fed is trading for $$ is being taken on by the US Treasury. Um..I'm not an accountant, but bad debt has to catch up with you some time. Right? Quoting: Anonymous Coward 355852
My opinion, and it's just an opinion, is they will push off the day of reckoning until the next election.
And the next POTUS will go down as the greatest
sucker that ever lived as the depression will be on his/her watch.
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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~BriZz~
User ID: 422951
5/14/2008 12:18 PM
 | | Re: Take a peek at these two charts released from the FED today and tell me what you see. | Quote |
so do we get all our money out now? will we lose it all? what about IRA's???
"I'm just like you...just not as cool" |
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