Just So U Guys Know

[trip]

2001--------1 Trillion in debt

2007--------5 Trillion in debt

2008-------Fannie Mae and Freddie Mac, if we have too nationalize them, that adds another 5 trillion to the national debt, which we are on the verge of, not too mention the number of bank defaults that we might have.

The sadness, is this is all because of sub-prime mortgages sold between 05 and 07

Which is not good for the dollar, and since the world wide commodity markets are preiced in dollars. Commodities, well, they will probably go up.

FWIW, 1990 S&L crisis, 100 billion price tag, present price tag if only 100 banks get taken out, 1 Trillion

So, going into 2009 we might be on the hook for 11 Trillion in debt.

Speculation, Speculation is Observation.

[straydoglogic]

Re: Just So U Guys Know

its because the government sticks its nose into thing constantly...and now they are going to rescues these places?..plus indymac bank?

[horsepwr]

Re: Just So U Guys Know

20yrs ago, 1 trillion was the billion.

The market will restructure, rebuild, and come back stronger than ever.
Things are fuked up. Financial institutions have figured out some very crooked ways of getting back...at the major loss of innocent folks with equity that think they have just refinanced.

It's a nasty nature in the financial world right now. The lenders are in survival mode. Homeowners be very careful.

[kite]

Re: Just So U Guys Know

We should nuke the hell out of everyone we owe money to. That'll clear it all up, lol!

[Buffgrandpa]

Re: Just So U Guys Know

If you guys haven't read Robert Kyosakis books "Rich Dad, Poor Dad" and "The Cash Flow Quadrant" you really need to. They are some serious eye openers.

How about the 75 Million baby boomers that are set to retire in the next 5-10 years. They will be taking their money out of the stock markets. What if they only get government benefits of $1000 per month from Social Security and Medicare..... X 75,000,000....not pretty.

Especially since Medicare is already something like 30 Trillion in Debt and SS is already something like 3 Trillion in debt. That's more money each month than Katrina or the Gulf Wars.

[daved150]

Re: Just So U Guys Know

We should nuke the hell out of everyone we owe money to. That'll clear it all up, lol!

lmao!! fuk it...just bk on their ass!! works for all my students!!!

[trip]

Re: Just So U Guys Know

If you guys haven't read Robert Kyosakis books "Rich Dad, Poor Dad" and "The Cash Flow Quadrant" you really need to. They are some serious eye openers.

How about the 75 Million baby boomers that are set to retire in the next 5-10 years. They will be taking their money out of the stock markets. What if they only get government benefits of $1000 per month from Social Security and Medicare..... X 75,000,000....not pretty.

Especially since Medicare is already something like 30 Trillion in Debt and SS is already something like 3 Trillion in debt. That's more money each month than Katrina or the Gulf Wars.

great book, couldn't agree more


well, the government, finally did something, good today,

NO MORE NAKED SHORT SELLING ON FINANCIALS

[TheChosen1]

Re: Just So U Guys Know

It's gotten to where real estate value have dropped drastically, gas and grocery prices have gotten badly out of control, and we're STILL in a war under false pretenses, since there is no existence of weapons of mass destruction.

Let's all give a round of applause to the Republicans for getting us into this grand mess.

[Klash]

Re: Just So U Guys Know

It's gotten to where real estate value have dropped drastically, gas and grocery prices have gotten badly out of control, and we're STILL in a war under false pretenses, since there is no existence of weapons of mass destruction.

Let's all give a round of applause to the Republicans for getting us into this grand mess.

If your implying that the democrats have better solutions, you couldn't be more wrong.

[trip]

Re: Just So U Guys Know

The important thing is people are starting too take action.

It is against the law too naked short sale, and yet, the SEC, has allowed brokers to continue to break this law.

A broker too allow ur too short a stock, is suppose to find stock that is allowable too short.

What has been going on is broker A, might have a million shares available for folks too short.

What they've done, cause no one is overseeing them, is they leverage those shares, they allow ten different folks too short 1 million each.

Again, all of this chaos is leverage based.

There's nothing wrong with allowing the million too be sold short, if they are available.

It is illegal and criminal too leverage them ten too 1.

Why does a broker leverage it, cause they charge 5-8% interest, on the loaned shares, if u do it ten times, they make ten times as much money.


Some more good news, oil finally broke down 8 bucks today.

Why, refiners stopped buying it cause there tanks are stocked full, and they can't pay 150 a barrel and make money, they will go out of business.

So, we're finally taking actions.

Life is looking a tad better today.