Britishsteel

Stocks Soar on Positive Bank Reports

still got 600,000 in foreclousure inventory that has yet to hit the market and how many of them are worthless due to neglect and vandalism?
and let's not forget the HELOCS on those foreclousures that have yet to take a hit. You can be crreaive all you want with your accounting but chickens always come home to roost. It is and always was fraud and government enabled. The bottom can fall out at anytime so are banks a safe investment???

Wall Street Breakfast: Must-Know News

Then please spread the word to all you know , we must pound the table on this . The media is bought and paid for. I posted similar in my own words yesterday and seeking alpha removed my post ,censorship is everywhere and running rampant. We live in dark times


On Jan 15 09:01 AM know nothing wrote:

> This is a must watch video!! Great job Britishsteel!! My complements..
>

Wall Street Breakfast: Must-Know News

market-ticker.org/arch...

Wall Street Breakfast: Must-Know News

We The People of the United States have lived through twenty years of monetary fraud, avarice, theft and outright assault. The monetary policies of both The Executive (Treasury) and The Fed have been to blow bubble after bubble, submit fraudulent budgets and borrow without limit, irrespective of ability to pay, and worse, urge Americans to do the same thing!

Then, exploiting these exhortations, the bankers have swooped in and preyed upon the lack of understanding of fundamental mathematics among Americans, selling them unsound loans - "Option ARM" and "Subprime" mortgages, "Rollover" car loans that are instantly upside down by thousands and credit cards with 30% "default" rates triggered if you are one hour late with a payment - on your water bill. They then "securitized" all this debt - debt they knew in advance could not be paid - and sold it off to unsuspecting suckers all over the world who were also duped through the issuance of bogus ratings that were literally "bought and paid for." Every bit of this was and is bogus and yet you have done nothing to put a stop to any of it.

Fully aware of the mathematics of the matter - that if GDP growth is 3% but debt growth is 6% the law of exponents says that eventually the game of musical chairs will end in tears both The Executive and The Fed have desperately tried to blow bubble after bubble, knowing full well that when the last bubble bursts an enormous deflationary credit collapse must and will come crashing down upon the economy just as it did in 1929 and 1873, bankrupting tens of millions of Americans, throwing millions out of their homes and destroying hundreds of thousands of businesses.

THAT DAY HAS NOW ARRIVED AND INSTEAD OF ACCEPTING THEIR JUST PROPORTION OF THE DAMAGE THEY ARE CRAVENLY APPEARING IN FRONT OF CONGRESS AND DEMANDING TO BE SAVED, COMPLETE WITH THEIR LEARJETS, HOMES IN THE HAMPTONS AND YACHTS WHILE EVERYONE ELSE LITERALLY BURNS IN HELL, THREATENING ECONOMIC NUCLEAR WAR IF YOU REFUSE THEIR BIDDING - AND YOU HAVE SAID "YES" INSTEAD OF JAILING THE LOT OF THEM FOR EXTORTION!

The necessary GDP adjustment - a moderate recession - should have been taken in 1987. It was not, and instead a bubble was intentionally blown. We got the Internet Bubble.

exerprts from Karl Denningerhttp://market...

Stop Trading! Geithner Is Innocent (1/13/09)

Be aware I posted earlier and told it like it is and they removed my post seeking alpha censors you I posted nothing inappropiate just the facts

Global Stock Markets: A Crazy Week

forget the article, ask yourslelves why are you debt slaves , watch this movie I agee only with the first hour BUT thats what really counts. I post this to provoke thougt. Mark Twain said men get all thier information on religion and poltics based on second hand information [ meaning newspapers and all sorts of media ] without examing the facts themselves .watch the movie take notes google it and find out if its true and make your own decisons . BUT please THINK ,its too easy not too. Thinking is the HARD PART!
video.google.com/video...

The Dysfunctional Credit Market

people vote against this bailout or you will be reduced to poverty not seen since the great depression, this was on kudlow tonite: 9/30/08

"Paulson and Bush threatened to veto the legislation if there was an explicit prohibition of transfers from foreign banks to an American subsidiary."

THE ASSETS DO NOT EVEN HAVE TO BE AMERICAN MORTGAGE ASSETS - THEY CAN BE AN OFFICE TOWER IN SHANGHAI!

YOU ARE GOING TO GET FLEECED FOR HUNDREDS OF BILLIONS OF DOLLARS IF THIS BILL PASSES - THAT MONEY IS GOING TO GO IMMEDIATELY OUT OF THE COUNTRY!




SEC. 112. COORDINATION WITH FOREIGN AUTHORITIES AND CENTRAL BANKS.

The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 101.


votenobailout.org/

Defensive Positioning in the Bailout's Absence

people vote against this bailout or you will be reduced to poverty not seen since the great depression, this was on kudlow tonite: 9/30/08

"Paulson and Bush threatened to veto the legislation if there was an explicit prohibition of transfers from foreign banks to an American subsidiary."

THE ASSETS DO NOT EVEN HAVE TO BE AMERICAN MORTGAGE ASSETS - THEY CAN BE AN OFFICE TOWER IN SHANGHAI!

YOU ARE GOING TO GET FLEECED FOR HUNDREDS OF BILLIONS OF DOLLARS IF THIS BILL PASSES - THAT MONEY IS GOING TO GO IMMEDIATELY OUT OF THE COUNTRY!




SEC. 112. COORDINATION WITH FOREIGN AUTHORITIES AND CENTRAL BANKS.

The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 101.


votenobailout.org/

Time To Abandon Stocks?

www.dallasfed.org/news... what Mr. fisher has to say no one puts this out in the media

Time To Abandon Stocks?

we still have a blowoff top coming in 2009 before we start a 10 year decline back to 2000 levels

Time To Abandon Stocks?

Pangena- only one problem with your theory. evry other period A] had a sevings rate and in this instance people have no savings, and B] its a credit based economy not a manufacturing one. the key to creating wealth is to take raw materials and turn out a product to sell. Today we ship raw materials overseas and THEY turn it into a finished product and sell it back to us. C] banks and investment banks have not had this kind of leverage that is unsecured since 1929. And as I stated above they are all effectively broke.Go to your bank and ask then for 50-75g's in cash see if they have it in CASH to give you. they would try to talk you out of it and if they finally gave in you would have to wait for an armored truck to bring it. I do not think they can hold it more than 12-24 months before she goes down unless they force all these exotic derivatives to be marked to market immediately

Time To Abandon Stocks?

karmaguy , good, I know that already thats why I posted about gata , ther is no damn gold there and the govt can and amy call back all gold in private hands it has been done before as I stated.
and frankie coop not a contradiction if sheeple buy here at hgher prices and then when there is no buyers left what happens? you drop and who waits for the drop? the ones who bought at bottom sold to bagholders at top and ready to buy again at bottom. I felt that was pretty sefl expanatory but since I confused you here is the cycle I thought I described above . smart money buys at panic bottoms sells at euphoric tops , waits for crash in cash and shorts market on way down and then buys at bottom and waits to redistribute at top again . Any questions?

Time To Abandon Stocks?

yea until he sells and he will but by the time you know it it will be too lateand by the way I give you a hint it will be throughout all of 2009 can you say blowoff top? again who will be the bagholder will it be you?

Time To Abandon Stocks?

gold will take a nosedive, in a deflationary spiral , and the govt could also call in all the gold like they did during the depression. And by the way gata is trying to actually find out how much gold is in reseves under the freedom of information act and so far has been denied by the courts makes me very suspicious of buying gold.

Time To Abandon Stocks?

lets take the last bear market drop which lasted 31 months and the S&P dropped -50.5% is it time to get out of stocks? Inflation is running at 11-16% easy numbers fudged, last jobs report revised higher losses than reported as usual, cattle being slaughtered early cause its cheaper to send to market than feed them thanks to BULLCrap ethanol, and where is the price of beef gonna be when their is a shortage? Gas 3 years ago in NY was 1.90 a gallon now 4 .15 regular and milk as expensive as gas. as far as I am concerned cash is a position and this recession has been engineered. The days of easy credit are gone no one wants to lend to people who have no savings ,who are tapping credit cards to pay for food and gas, who are tapping 401K's. Who also have a snowballs chance in hell of collecting social security . Foreclosuers increasing every month , subprime spreading to prime ,helocs that will default, CDo's , SIV's EIV's, and auction rate securities that have NO VALUE and not being marked to market which is Increasing the chances of a full financial meltdown. go to the SEC website and look at non borrowed bank reserves. They are effectively broke.
www.federalreserve.gov... and look at how the banks are 11 BILLION in the RED and you tell me should we still buying equities to help the Big Boys and old money escape from the pyramid scheme they created in their lust for ever larger returns and now are doing their dammendest to make the American taxpayer foot the bill? What piss's me off is not that they have done this so much ,is that the American sheeple DON"T seem to care or are aware and when you make them aware they look at you like you have 3 heads . The facts are there , look, research and learn. If you wish to enable the rich to get richer by buying the stock they bought from you in the last decline at a 50% or higher markup then go right ahead and buy it from them Bagholders.