REINHARDT ...post your questions for him here.

The experts say the company is going broke. "Chapter 11 looms," says a Bloomberg report. Investors sold the stock down to $1.15 - a price GM hasn't seen in more than 70 years. At that price you can buy the whole company for $700 million.

I'd hate to have stocks at any price if the feds take it. Correct me if I'm wrong, but that makes stocks worthless. Same for banks and insurance companies.

"the US government is spending $2 for every dollar it brings in."

"Governor Schwarzenegger says its deficit may rise to $21 billion. Analysts say the state will run out of money by July."

If you want to know when it will fall, watch these play out. Hopefully it will wait until we go on vacation next month.

Bear with the first parts
[link to video.google.ca]

Thanks 7, I'll look at it.




Here's more, although you're unlikely to devour the whole thing:



Hence you might consider splitting it up and taking it a snack at a time. Here:

[link to www.youtube.com]

Here's part 3 that will make the link to the videos above:

Trying again:



But I recommend looking at part 3, last on the last post, to get an incentive.

Many of these aliens are way more alien that we like to think.

"Not the best time to be Ireland or Spain, eh? S&P has already downgraded both nations, and just this morning Spain unveiled its worst recession in over 40 years. GDP shrank 1.8% there in the first quarter, after a 1% drop in the last three months of 2008. From a year earlier, GDP is down 2.9%, the worst annual contraction since at least 1970, when Spain’s National Statistics Institute started keeping track."

hehe, I know the feeling.
Every time.

________

Ey R, you do have soft spots ;-)

I didn't mean to particularly tell you anything there

just re-quoted the topic because I found this other video along the way which might be of interest to some on the sidelines

and

on the very edge of the topic, giving in to an almost dreamy hunch about things speeding up to flow over into the unpredictable. 0:07-1:07



Let's enjoy the predictions as long as any predictability is left.

I mean we all feel it, don't we, something extraordinary is incubating, and I mean bigger than the big we are trying to predict here and they to control

("Herr, die Not ist groß!
Die ich rief, die Geister
werd ich nun nicht los.")

altogether,

and things being as they have always been in the money world is predicated on that thing not having hatched yet.

3,400 U.S. dealerships to be closed, 391,000 employees out of work.

“We can’t keep on just borrowing from China,” President Obama declared at a town hall meeting in New Mexico yesterday. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.” What is said here? "Pay Interest ON the Debt"

Correct me if I'm wrong but either the loan is a (old term) Balloon Loan or a Negative Amortization, since the principle isn't being addressed. Wonder what was given as collateral? Wonder what the term is?

Also found this:

"And as Mr. Obama preached fiscal conservatism, his administration wrote the U.S. insurance industry a $22 billion check. Allstate, Prudential, Ameriprise, Hartford Financial, Lincoln National and Principal Financial will now all have access to TARP funding, the Treasury announced today." Nailed that one I did.

"Obama administration changed accounting rules in order to reduce the reported deficit." So are inflation #s and unemployement #'s.

An estimated 3,400 car dealerships will be closed over the next year.

Germany dropped its first-quarter 2009 GDP number… a 3.8% contraction.

Consumer prices, so the government says, just experienced their biggest annual decline since 1955. The CPI printed flat today, in line with expectations, bringing the annual inflation level to –0.7%, the lowest in 54 years.
Sounds good but with all the digits added, inflation comes next, then the fun part. How many zeros will fit on a 6 inch space?

"Saudis are pushing forward because costs of construction are plummeting. Between the fall of material and labor costs, al-Dabbagh estimates the project is 30-40% cheaper."

Don't be fooled by that. Are the maintaining their infrastructures so they can continue? Remember that oil is still being traded in petro dollars. If those dollars become worthless?

The Chinese yuan is preparing to overtake the US dollar as the world's reserve currency, economist Nouriel Roubini has warned.

Former Mexican President Vicente Fox pushed Tuesday for forming a union between Canada, Mexico and the United States. Fox was the keynote speaker at Kennesaw State University's inaugural summit on the Commission of North American Prosperity, or North America 2050.

Seems a bit odd after needing a loan from the IMF doesn't it?

Speaking during a news conference in London with Gordon Brown, the British prime minister, Zardari said the Taliban are seeking to create a “new world order” and that more effort was needed by the international communty to defeat the fighters.

Pentagon Preparing For War With The Enemy: Russia Remember Obama's owner. Starts with a B.

General Motors Corp. plans to begin exports of vehicles made in China to the United States within two years, ramping up sales to more than 50,000 by 2014, reports said Wednesday.
Thanks to the Feds.

Euro-Zone Economy Posts Sharpest-Ever Fall


Don't just worry about Legatus. "Geithner at Bilderberg"



UK Repossessions Up 50% in a Year

U.S. Winter Wheat Forecast Down About 20 Percent
And that is not accounting other foods. Some parts like here are rotting plants from too much rain, farmers are not able to get the loans they need, and dry conditions in other parts of the country.

Lastly this

[link to stevequayle.com]

The Federal Bureau of Investigation and U.S. Attorney's Office are conducting an investigation of possible criminal and civil violations, the SEC's inspector general David Kotz said in a March 3 letter to SEC Chairman Mary Schapiro.

Kotz's report said his investigation revealed suspicious activity, appearance of improprieties and evidence of possible trading on nonpublic information and/or potential insider trading on the part of two SEC enforcement lawyers.

The report redacts the names of the enforcement lawyers. Both the report and letter were made available on Friday.

The report alleges the two lawyers traded in stock of a large financial services company even though another SEC employee became aware of three separate enforcement investigations of that company. That employee told the two enforcement lawyers that she could not buy more stock in this company because she had become aware of these investigations.

For what it's worth, note the date:

[link to www.garabandal.org]

Not saying this means anything, but it could mean something to a catholic of a particular brand.

"What ??"

FYI:

[link to video.google.de]

“China is stockpiling commodities such as copper and iron ore as part of a reallocation of its sovereign wealth amid concern that the value of its dollar assets may decline. It’s part of an overall desire to decrease its exposure to dollar assets.”

Brazil and China will work towards using their own currencies in trade transactions rather than the US dollar, according to Brazil’s central bank and aides to Luiz Inácio Lula da Silva, Brazil’s president.


In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency ”that is disconnected from individual nations” and modelled on the International Monetary Fund’s special drawing rights, or SDRs.

If a country has a central bank, owes money to the IMF or world bank, it's the same people as all countries. This is where TPTB play checkers with each other.

Question: How's DOW JONES 2,800 working out?

I gotta say R's call SUX this time. Last week's drop? NOT worth the subscription price (if I were a subscriber).

United Nations Secretary-General Ban Ki-moon said it was essential for drugmakers to work with governments to avert the worst potential impacts of the new H1N1 strain, which has killed 81 people and been confirmed in nearly 10,000 globally.

"Partnerships with the private sector are absolutely vital," Ban told representatives of the WHO's 193 member governments gathered in Geneva, urging them to think beyond their borders in their response to the H1N1 strain.

"For influenza A (H1N1), it is estimated that up to 4.9 billion doses could be produced over a 12-month period after the initiation of full-scale production,"

"According to data from a U. S. Army mental-health survey released last year, about 12 percent of soldiers in Iraq and 15 percent of those in Afghanistan reported taking antidepressants, anti-anxiety medications, or sleeping pills. Prescriptions for painkillers have also skyrocketed. Data from the Department of Defense last fall showed that as of September 2007, prescriptions for narcotics for active-duty troops had risen to almost 50,000 a month, compared with about 33,000 a month in October 2003, not long after the Iraq war began."

As I said at Obama's start, look into Drugs. With Clintons, add to that. It is about to get real interesting. Good investment long term???

"If General Motors Corp (GM.N) files for bankruptcy, as widely expected, its healthy assets will be quickly sold to a new company owned by the U.S. government, a source familiar with the situation said on Tuesday.

The source, who was not cleared to speak with the media and would not be identified, said the U.S. government would pay for the assets by assuming the automaker’s $6 billion of secured debt and forgiving the bulk of the $15.4 billion of emergency loans that the U.S. Treasury has provided to GM.

The government is negotiating the terms on which it will assume GM’s secured debt and might make an the offer to holders of the debt that is far superior to the one made to Chrysler LLC’s secured lenders, the source said.
Chrysler filed for bankruptcy in April and has proposed paying its secured lenders about 28 cents on the dollar.

The new GM is likely to distribute stock in the company to GM’s unions in return for concessions on wages and benefits, the source said."

Got Stock????????

If you think this rally has substance, buy into it and let your money stay in there...

I'd hate to be holding GM stock, for that matter bank or insurance stock right now. Unless of cource .28 on the 1.00 sounds good, lol.

A half-blind idiot knows the rally is fake. You know it, I know it. My point is R. was wrong as to the date, so address this part, ok?

I don't need to pay to know that SOME DAY this market will drop, when they decide to let it correct.

R. says he figured out the timing. Not so much from the looks of it.

better question :


how much money has reindhardt rasied from suckers who pay him outrageous subscription fees just to read riddles, crytpic predictions and eccentric viewpoints that often lack clarity ?

and yes, dow 2800 was supposed to have been here by now.

EPIC FAIL .

I don't get what R. is saying in the latest update.

Is he admitting that less than 300 points is nothing after such a huge upswing?

Is he saying there's more to come?

After a 2,000 runup, he's gloating about a 200 drop.

What a maroon.

He talks in riddles, so that he can cover all bases, thus making him always "right". Assclown galore.

Please give it a rest. If you have something to contribute than do so, if not, find another hobby. I seriously doubt R even comes here anymore.

Just in case, R, I'm not sure about everywhere, but here banks aren't loaning very much, even to those with good credit. Now that may change, but I think not. As long as the "bad bank" is there, banks that do qualify to sell bad debt will continue to do so, after paying nonqualifing banks pennies on the dollar but selling for full price. This is one of their illusions and distractions.

What should one ask if seeking a lower interest rate? The worded form of repayment. A few laywers suggest that old loans are payable in dollars, if the dollar ceases to be, the loans cannot be enforced. I don't deal in the loan area of real estate but I'd be willing to bet, that has been changed.

The poem also hit upon "a pill". Obama and his owners love big pharma. So a good bet would be pharma. People too distracted, sick, drugged, and entertained will not fight back. They will at best get on the web and gripe and feel they have done their part.

bodhisattva

[link to www.viewonbuddhism.org]

password?



c

Here is part of what I've been saying for the last 1.5 years...

"Think this is no biggie, think again, this is how food riots begin.

More lenders are tightening their restrictions for agricultural loans in the Midwest at the same time that repayments on loans have dropped, The Federal Reserve Bank of Kansas City says.

The Federal Reserve reported Friday that its quarterly survey found that the percentage of lenders raising collateral requirements reached another record high in the Tenth Federal Reserve District. The rate of loan repayments also fell for the second straight quarter.

Turbulent agricultural conditions contributed to the tightened farm credit, the agency said.

“The thing to take away from all of this is … farmers are positioning themselves to get through turbulent times,” Federal Reserve economist Brian Briggeman said.

The fact that the Federal Reserve is in charge of things tells you that the foxes are really in charge of the hen house.

The fact that a single entity, the Federal Reserve, engages in and has a monopoly on monetary policy has detrimental effects on the economy. As long as we try to keep up this fiction, that the Federal Reserve has a long-term focus, that attempting to fix interest rates will not distort the economy, and that the Fed can end a recession by injecting liquidity, we will never free ourselves from the booms and busts of the business cycle."

Read the rest here [link to bankimplode.com]

[link to www.youtube.com]

I'll try that again <object width="560" height="340"><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="560" height="340"></embed></object>