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weatherman714
tagged & banned
Joined: 11 Jun 2005
Posts: 953
Location: Maryland |
Eastern Europe is about to Blow
 Tue Feb 17, 2009 8:29 pm
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quote:
The IMF doesn't have the resources for a bailout of this size and the recession is spreading faster than relief efforts can be organized. Finance ministers and central bankers are running in circles trying to put out one fire after another. Its only a matter of time before they are overtaken by events. If one country is allowed to default, the dominoes could begin to tumble through the whole region. This could trigger dramatic changes in the political landscape. The rise of fascism is no longer out of the question.
http://www.australia.to/index.php?option=com_content&view=article&id=5497:eastern-europe-is-about-to-blow-&catid=95:overflow
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Most nations and militaries in the world promote their bright young scientists, not the US Govt and US Military, they intimidated their brightest one. |
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visual ray wizard
Joined: 09 Jul 2005
Posts: 439
Location: United States |
| Was reading about that last night
Thu Feb 19, 2009 1:32 am
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The proverbial economic s!@# is getting ready to hit the fan and it is going to spread. They can't STEAL or PRINT enough funny money to get out of the hole the derivatives bubble and the artifically created housing bubbles have perpeutated on the market. (Most likely it is all part of the plan)
Stimulus packages or not we are being forced into a new world financial crisis to bring about their one world banking system. Problem, reaction, solution meanwhile folks are losing trillions and business forced into bankruptcy.
Did you hear about the 500 billion run on money markets within 2 hours on Sept 15, 2008? The schisters are getting truly bold these days and using financial blackmail to coherce our government into signing bills most if not all Congress persons don't even have time to read. I am not losing any sleep over all this just sitting back and watching the show, sick as it all appears to be.
By and large I am keeping my blinkers on and working hard but at the same time wanting to stay situationaly aware. Being blissfully ignorant in these extraordinary times is simply not an option.
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Being one with nature never felt so good!
Last edited by visual ray wizard on Fri Feb 20, 2009 3:27 am; edited 1 time in total |
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visual ray wizard
Joined: 09 Jul 2005
Posts: 439
Location: United States |
| More info on mutual fund run of Sept 2008
Fri Feb 20, 2009 3:26 am
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About...Sept 15 at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 Billion dollars in a matter of an hour or two.
Money was being removed electronically.
The treasury tried to help with $105 Billion.
But could not stem the tide.
It was an electronic run on the banks
The treasury intervened but had they not closed down the accounts they estimated that by 2 PM that afternoon. Within 3 hours. $5.5 Trillion would have been withdrawn and collapsed, within 24 hours, the world economy.
So why do I think the government panicked at this time. During the same time period Kanjorski is telling us about , and with the reported problems at the Primary Reserve money market fund, the Federal Reserve completely reversed its monetary policy, without a word to anyone.Here is M2 nsa money supply growth on a week by week basis for the six weeks leading up to September 15:
August 11-- $7683 billion
August 18-- $7674 billion
August 25-- $7633 billion
September 1-- $7650 billion
September 8-- $7685 billion
September 15-- $7693 billion
Notice for the entire period, money supply grew by, roughly, $10 billion.
Then the following week, the week of the problems at Reserve Money Market, all hell broke loose. Money supply climbed to $7803 billion. An increase in one week of $110 billion!! The government panicked. Bernanke panicked. And BTW this confirms Kanjorski's comment that the Treasury added $105 billion. He's not an economist, so he can be forgiven for getting the technicals wrong. It was the Fed not the Treasury that added the funds, but his story checks.
Ever since then, the Fed has been pumping money[M2 nsa] at a rate near 20% annualized. In the summer of '08, it was climbing at 1.5%.
Since the Congressman Kanjorski comments about the panic withdrawals, the Fed has obviously decided, given that we live in the the age of the internet, to simply go with the flow and act as though it was a known fact about heavy mutual fund withdrawals across the board. It wasn't. I was looking for such stories back in September because of the problems at Primary Reserve. They weren't there. But more important than acknowledgements of the withdrawals, is the panic it caused. It completely reversed Fed policy. The problems at Bears Stearns didn't do this. The problems at Lehman didn't do this. Not even the sub-prime mortgage crisis caused such panic. Congressman Kanjorski is right. It was an electronic run on the banks. If it had been allowed to continue, it would have resulted in trillions in withdrawals, the system would have collapsed. That's what caused Bernanke to within a matter of a couple of days completely change Fed money growth policy. The problem now is that he can't stop printing or the same threat comes back. He's trapped in a major monetary inflation spiral that will ultimately lead to a huge price inflation spiral.
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Being one with nature never felt so good! |
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weatherman714
tagged & banned
Joined: 11 Jun 2005
Posts: 953
Location: Maryland |
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Sat Feb 21, 2009 1:49 am
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That's a very significant figure you've posted VW... $550 Billion. That was Russia making a withdraw. Go back and check out their currency reserves in August and September. I think this might be Ike related as the USAF directed Ike into Cuba after Russia reopened ties with Cuba.
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Most nations and militaries in the world promote their bright young scientists, not the US Govt and US Military, they intimidated their brightest one. |
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Cloudy Skies
Joined: 22 Aug 2007
Posts: 122
Location: UK |
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Sun Feb 22, 2009 3:16 pm
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quote:
Latvia's center-right coalition government collapsed Friday, a victim of the country's growing economic and political turmoil and the second European government, after Iceland, to disintegrate because of the international financial crisis.
The government in Riga, faced with forecasts of a severe drop in the economy this year, was the first in Eastern Europe to succumb to turmoil caused by the crisis. Its collapse rounded out a week that saw worries about feeble investment, banks and output in Central and Eastern Europe coursing through international markets.
http://www.iht.com/articles/2009/02/20/europe/latvia.php |
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PAK
Joined: 03 Feb 2006
Posts: 1324
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Mon Feb 23, 2009 1:47 am
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This is a planned economic collapse, no different than planning to make people eat GMO foods. There is no accident, nothing the "experts" have not predicted nor planned as this is a controlled kill, a controlled destruction. To believe anything else is truly NAIVE.
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... we are in process of developing a whole series of techniques which will enable the controlling oligarchy who have always existed and presumably will always exist to get people to love their servitude. Aldous Huxley |
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