optionsgirl

The Next Major Financial Crisis

This will never happen, Alessandro. The banks are back-stopped by the government at the taxpayer expense. Why should they do work-outs when they get to play with OUR money?


On Jun 28 08:58 PM Alessandro wrote:

> The looming credit card crisis can be earnestly papered over by waving
> all interest charges on all credit card debt that is over 3 years
> old. The credit card companies made plenty of money on interest
> charges during the first three years of the credit card debt, by
> waiving all interest charges on older debt, it enables literally
> tens of millions of americans the opportunity to PAY DOWN their credit
> card debt.
>
> There can be no economic recovery if the almost one trillion dollars
> in credit card debt is not paid down. Until consumer credit card
> debt is reduced in half, The closest we will see to a recovery is
> higher oil profits being invested in certain stocks to artificially
> pump them up and lure the unknowing in.
>
> www.daily-protest.com

Six Stress Test Revelations

Good article- everyone is forewarned. What we do with the information is up to us.

Can a Stock Market Meltdown Happen from Here?

According to Dougherty, the government committed 4,980% above what they have, and you think that the price of gold moving up is going to significantly alter the ratio of debt and obligations to gold
(considered a store of value)? Each dollar's worth of debt would have to equal $4980 worth of gold for there to be parity, would it not? The coffers are empty, friend. We have been robbed.

If anything, it will only get worse, because Geitner and company have just gotten started spending.
So far, the demonstrations have been peaceful. That can deteriorate very rapidly. In the meantime, our president seems to have his fingers in everything at once. You'd think he'd concentrate on the big issues. No, he is busy sniffing around Cuba and guaranteeing GM warranties.


On Apr 21 12:46 AM curious cat wrote:

> suncatcher, you don't stop a surgeon until they cut into the bone.
>
>
> optionsgirl, you are confused. if gold becomes more valuable, the
> gold in fort knox will also be more valuable. no one has been robbed.
> i don't want to reveal the ending if you haven't seen the movie,
> but james bond slept with pussy galore and she secretly sent a message
> to the cia. the guards are just pretending to be knocked out.
>
>
> furthermore, our money is not printed on paper. it is printed on
> cloth and will make an excellent wall covering, unlike german hyperinflated
> money.

Can a Stock Market Meltdown Happen from Here?

Yes, here is how I connect the dots- Here is the Seibel quote- ""Meanwhile, the catalyst to the stock market's final capitulation during the coming months will be a combination of the collapse of more landmark U.S. companies, a renewed banking crisis, and other forms of "major economic upheaval," Seibel explains.

I suggest that the "major economic upheaval" Seibel talks about will be realization by the populace, that:
1. We've been robbed;
2. Our currency won't be worth the paper it is written on; and
3. This could lead to civil unrest.
That's why Stewart Dougherty's comment has relevance to me, in light of the Seibel quotes. Dougherty quantifies the bail out in terms of America's gold.

My conclusion is that the price of gold will escalate, and this stock rally will be nothing but a faint memory.

Thank you for asking for giving me the opportunity to clarify.


On Apr 20 10:07 PM GrantQ wrote:

> Optionsgirl, your quote does not appear directly relevant to the
> article... could you connect the dots?

Can a Stock Market Meltdown Happen from Here?

Stewart Dougherty, of "Theft of a Nation", said, "The United States of America, or, more precisely, the American people, are said to own 261 million ounces of gold, supposedly stored in the same Fort Knox vault that Goldfinger found so appealing. At $1,000 per ounce, the people's gold has a value of $261 billion dollars. TARP 1 alone has cost 270% of the entire value of that singular, tangible American asset. The total $13 trillion bailout cost thus far is 4,980% of the value of America's gold asset. Fort Knox has been robbed."

Expecting the 'Better than Expected' from GE, Google and JPMorgan

The Chinese are big buyers of gold.


On Apr 16 10:13 AM History Buff 24/7 wrote:

> Rick Urban:
>
> I applaud your optimism. But our country now seems to be in a mode
> where all the powerful parties are playing kick the can down the
> street and trying to make the problems disappear, not permanently,
> but for a few weeks or months. That does not augur well for the
> long term prospects of either our economy or our country.
>
> BTW, if our current government policies and the state of our economy
> require the sale of many more treasuries I hope someone is considering
> that the Chinese may not be interested in subsidizing us much longer.
> If I were the Chinese now I would be dumping treasuries just fast
> enough to avoid pushing the price down but fast enough to not be
> left holding the bag. I don't know what the Chinese stance is on
> precious medals but from everything I can see they are trying to
> get their hands on every other commodity they need while the getting
> is good.

Dow Jones Industrial Average Member Performance

If the market falls another 15%+-, and JNJ falls to the low $40's, it will then be a screaming buy.

Should You Follow Warren Buffett’s Latest Moves?

Buffett will be just fine. Do you think you could get the warrants and guaranteed interest payments he negotiated with GE? Not a chance. However, he still over-paid for plenty of his stock holdings. GE being a good example. Berkshire A Shares are about half of where they were at the height of the bull market. His short term results are even worse than the S & P. A small investor would be bankrupted quickly following his picks.