Anyone else preparing for financial armageddon?

[tiznow]

they woulda already had a much better more detailed proposal laid out by now if this was planned

like the monstrocity known as the patriot act was ready to go right after 9/11

that legislation was planned just need a reason

these guys lost control they are scrambling now

short banning is pure desperation

 

[tiznow]

Fellas how much could it really cost for us to collectively buy a small hotel in Costa Rica that could house a few dozen of us while we all go to work in the online gambling biz.

As financial times increase in challenge, the motivation to gamble will increase across the board.

i'm not so sure our economy that got us to this point was based on gambling on bubbles continuing

think people might be gambled out for a while :lolBIG:

i know vegas revenues are way way down (obviously they are in housing bubble central which is part of the issue) and they get alot of international business too

 

[Dawoofdaddy]

I shouldnt be surprised by this, but I find the level of stupidity among Americans regarding this topic at an all-time high.

Americans continuously allow themselves to be put into teams and its either gop or dems fault.

The govt/fed being allowed to print dollars not backed by gold & silver has more to do with this disaster than partisan politics.

Alan Greenspan, merely for he knew better, is more responsible for this mess than any current elected politician in this country.

 

[xpanda]

YOu're in Norway?!?! Kewl. That's where my grandad is from.

Say HI to Oslo for us!

 

[quantumleap]

I think the jury is still out on whether or not he was wrong about that. The Georgia incident, IMO, was a big game of chicken between the US and Russia. Russia won.




Unless, of course, financial armaggedon is what they WANTED to happen.

I think it is.

These are some of the smartest people in the world. There's no way the events of last week took them by surprise. I'm a little peon in the north, and even I saw it coming.

As for eek's original post... I've been saying for some time that I'd rather be prepared and wrong than be unprepared and right.

Good point about Georgia. There still may be some unrest later in that area. However, Cyclist was wrong in his timing. I do believe it was more than just the US that was against Russia in that case though. Europe has much more to lose than the US should detente fall apart and Europe was very vocal against Russia.

You also make a good point about the possibility that the financial people want armageddon. I don't believe they do if they've learned anything about Germany in WWII. If there is financial Armageddon the Jewish bankers will be blamed like they were blamed back then.

 

[quantumleap]

YOu're in Norway?!?! Kewl. That's where my grandad is from.

Say HI to Oslo for us!

That's why xpanda is so ravishingly beautiful, she's part Scandinavian.

 

[Dawoofdaddy]

X, I looked around there for real estate, but eek and his socialist buddies have driven the prices too high for regular folks like myself to afford anything decent.

Looks like im going to have to choose from one of the lesser developed countries to hangout a few years during the American economic/social crisis.

The lesser developed countries are more interesting and less restrictive anyway.

Being a warlord is also an option, but I really dont like upside potential or the odds of being a white man in the cities in the us if/when all hell breaks loose here.

 

[xpanda]

You also make a good point about the possibility that the financial people want armageddon. I don't believe they do if they've learned anything about Germany in WWII. If there is financial Armageddon the Jewish bankers will be blamed like they were blamed back then.

If you're making several hundred billion as a group, what's a little blame to share among friends?

"Give me control over a nation's money supply and I care not who makes its laws." -Evil central banker (I forget which one)

 

[xpanda]

That's why xpanda is so ravishingly beautiful, she's part Scandinavian.

You'll never know how much I needed that compliment today. Thank you.

%^_

 

[DarrylParsons]

XP, You know I'll give consideration to even the wildest conspiracy theories, but I really do think the big bankers are not happy with what's going on. They need the continuity and they don't want any of the nasty stuff that goes along with unemployment and poverty, namely violence and social disorder.

A big obedient population chugging along, putting their own identities and deeper values aside for the sake of economic co-operation, accepting a fraction of the value of their painstaking labor as compensation, is too valuable a resource to just give up for the sake of a few big one-off assets. In the long run they are better off milking the cow for as long as possible.

Now if stormfront grew to have, say, 10 million members, then I'd think about pulling an exit stunt if I were them, but we are very far from that. In fact, a financial meltdown would speed that up immensely and they know it. As powerful as they are, the markets are more powerful still, and judging by the way they are scrambling these days, it sure looks like they know it too.

 

[tiznow]

As powerful as they are, the markets are more powerful still, and judging by the way they are scrambling these days, it sure looks like they know it too.

ope:

 

[DarrylParsons]

Hey Woof, are you sure you could handle being a minority for the rest of your life? Plenty of open spaces left in the US of A. You could probably even manage switching between Canada and the US every 6 months to optimize weather considerations. I bet there are places between Sask. and N. Dakota where you can just drive across and no one will ask what you're doing.

 

[Dawoofdaddy]

Along the lines of dp and x posts, I think one of the primary reasons we are seeing these bailouts is that the wealthiest people still have positions to SELL and the politicians have to worry about local elections.

If enough of them were already out of their positions, the system would simply be allowed to crash like it should have a long time ago. Furthermore, gold would soar, fortunes both won and mostly lost, and whatever social messes that are going would be watched by the world as Rome II burns.

Ive said for years that all of them will not get out of this. A reshuffling of the cards among some of the wealthiest is in order for the US and the world.

Its now boiling down to a big game of musical chairs. All the people that still think everything will be ok, fee-fi-fo-fum, the glass half full types, if not already, should be now definitely looked upon as complete fools.

 

[steaktartar]

Its now boiling down to a big game of musical chairs. All the people that think everything will be ok, fee-fi-fo-fum, the glass half full types, if not already, should be looked upon as complete fools.



agree 100%

 

[Brooklynbomber]

pretty interesting posts by Xpanda, especially about stealing the election from Obama and race riots (which would make the 92 LA riots look like a walk in the park)

I've considered this carefully, and I do not think we are at that point yet

However, they are prepared for this scenario....are YOU?

If this bailout does not go down, and if things are really as bad as I think and they are at the end of the rope, it could happpen

:smoking:

 

[Dilrod]

they woulda already had a much better more detailed proposal laid out by now if this was planned

like the monstrocity known as the patriot act was ready to go right after 9/11

that legislation was planned just need a reason

these guys lost control they are scrambling now

short banning is pure desperation

White House Dispatches Team to Push Economic Bill

[FONT=verdana,arial, helvetica, geneva]September 23, 2008, 10:42 a.m.
By Keith Koffler
Roll Call Staff [/FONT]

[FONT=verdana,arial, helvetica, geneva]
<HR>The White House today is drumming up extraordinary pressure on Congress to approve its plan to enact a $700 billion mortgage bailout fund, suggesting the markets cannot wait much longer and dispatching Vice President Cheney and other top officials up Pennsylvania Avenue to jawbone lawmakers.

Cheney, White House Chief of Staff Josh Bolten and presidential adviser Ed Gillespie are meeting this morning with House Republican conservatives, where a rebellion is brewing against the size and questionable free market credentials of the administration proposal.
Cheney will later gather with GOP Senators at the regular Tuesday lunch. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, who collaborated in drawing up the proposal, are testifying this morning on Capitol Hill in an effort to defend their handiwork.
But Bush himself continues to do little to explain his plan, and he has refused to be questioned about it.
Asked during a telephone briefing for reporters today whether Bush was speaking with lawmakers, White House Deputy Press Secretary Tony Fratto said the president is aware of their concerns but that Paulson is the salesman.
Paulson said Congress and the administration must move rapidly.
“We must do so in order to avoid a continuing series of financial institution failures and frozen credit markets that threaten American families' financial well-being, the viability of businesses both small and large, and the very health of our economy,” Paulson said in remarks as prepared for delivery. “The market turmoil we are experiencing today poses great risk to U.S. taxpayers.”
Fratto said it would be “unthinkable” for Congress not to pass legislation this week, asserting the result would be a “very, very serious situation” for the U.S. economy.
“It shouldn’t take much analysis to remember what happened last week, which was a very serious freeze-up in our credit markets,” Fratto said. “Our financial markets right now do not need uncertainty, they need increased certainty as to how this rescue plan is going to go forward — and that they can be sure that there is a plan to go forward — and that will begin the correction in our financial markets.”
Fratto insisted that the plan was not slapped together and had been drawn up as a contingency over previous months and weeks by administration officials. He acknowledged lawmakers were getting only days to peruse it, but he said this should be enough.
Amid growing criticism of the initiative from multiple quarters, Fratto sought to defend its key principles and argue against changes.
He argued that the proposal is being unfairly characterized as a boon to Wall Street at the expense of Main Street, since credit market difficulties also squeeze average consumers. He minimized the need to help homeowners as part of the package — a key demand of Democrats — saying aiding the credit markets will help on its own and noting that Congress just approved a housing bill that includes assistance.
And Fratto sought to beat back efforts to limit the pay of CEOs whose companies would draw assistance under the legislation, saying it would make it difficult for the plan to work “If you provide disincentives for companies and firms out there that are holding mortgage-backed securities and other securities from participating in the program.” Fratto noted that some firms holding troubled securities are otherwise successful. “They were not necessarily irresponsible players, and so you have to be careful how you deal with them,” he said.

[/FONT]

 

[Dawoofdaddy]

Hey Woof, are you sure you could handle being a minority for the rest of your life? Plenty of open spaces left in the US of A. You could probably even manage switching between Canada and the US every 6 months to optimize weather considerations. I bet there are places between Sask. and N. Dakota where you can just drive across and no one will ask what you're doing.

Darryl, Ive been a minority much of my life in the places ive lived and worked. Ill adjust anyplace I am. Thats also why I have such strong beliefs that alot of the diversity pc stuff is hooey. Diversity in America is ok in very small doses and during an all-out financial crisis, even smaller or 0 doses.

The tofu eating whites living in their lofts and gated communities (in the inner city core nonetheless lol) of larger midwestern & east coast cities that are majority non-whites will be taught a lesson when making ends meet gets nearly impossible on a working mans salary.

Most likely Ill end up staying here while the pot is boiling, but its interesting to talk about living elsewhere.

An Iraqi I know here quite well swears Fargo, ND is the nicest place in the entire US. Nearly all-white, clean, affordable, and pro-business. He wanted to stay there, but was fell into an opportunity that brought him to this area. He hates it here in T town, but is staying until he has enough $ again to go elsewhere.

I was in South Dakota for a roadtrip a few years ago and actually liked what I saw, but its a bit too country for my current style & tastes. From what I know about you, I do think its a place you would enjoy more than I would.

Another poster here told me to check out the couple college towns in Montana. However, I still havent made it there and stayed long enough to really look around.

There is no way out of the coming hyperinflationary depression in the US. The promises are too great and the resources to pay for them are too few. Thus, w/o a gold/silver backed dollar, politicians are going to hyperinflate...its really that simple.

Frankly, I really dont want to be in the US when this accelerates. Even if guys like us are far away from crime, riots, and other problems, in someplace such as the Dakotas, we cannot run from the higher taxes and/or outright seizure of wealth from us regular people that are in between being rich and poor and outside the power structure.

This may be too doom & gloomy for some people here, but I really dont think these types of things are that extraordinary, considering the depth of the problems.

 

[Brooklynbomber]

BTW they are redeploying an Army brigade from Iraq to the US on OCT 1st

http://www.armytimes.com/news/2008/09/army_homeland_090708w/

first time an active duty unit has been deployed in the US since Katrina

"The 1st BCT’s soldiers also will learn how to use “the first ever nonlethal package that the Army has fielded,” 1st BCT commander Col. Roger Cloutier said, referring to crowd and traffic control equipment and nonlethal weapons designed to subdue unruly or dangerous individuals without killing them"

 

[tiznow]

gonna love it if it gets to the point that the military turns on government and supports the people

if it gets to a point that things get that bad

interesting times a coming no doubt about that

 

[Willie99]

Anyone else preparing for financial armageddon?

no, I'm getting ready for the baseball playoffs, UConn @ Louisville, a great weekend in the NFL and work in the morning.

That Armageddon stuff is just going to have to go to the back of the line, at least until the next Armageddon.

I'll tell you what really scares me though, Y3K. :shocked: