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Financial Meltdown ( Archived) (73)

Sep 15, 2008 3:06 PM CST Financial Meltdown
HealthyLiving
HealthyLivingHealthyLivingSomewhere In, Tennessee USA690 Threads 2 Polls 6,584 Posts
I have been following the comming global financial crises for quite some time now.

I am very concerned. You should be also. Are you PREPARED?

It has been predicted that the crises would begin in the United States
as a gradual occurrence thru the fall of the housing market. We have been seeing this take place. This is the lead-in to the BIG CRASH which is supposed to take place the end of this month, SEPTEMBER 2008.

The U.S. government did not bail out Lehman Brothers bank.
Today, stocks have fallen on Wall Street tremendously.

The World has been watching and waiting for the U.S. financial crises.
It will effect the entire world. Many countries have been preparing and have plans to try to not get hit as hard.

I have read many of the speeches given by Mervyn King, head of the Bank Of England. He gave warning to the people last January, to SAVE money and spend LESS and to prepare for the hit.

But here in America, we have been told to SPEND, SPEND, SPEND and the government even gave tax payers extra money to spend!!!

Why is the U.S. presenting a false front to its people? Why have we not been warned of the comming financial crash? Why have they been pretending that everything is OKAY?

People, I advise you to brace yourselves and get ready for the hardest times this world has ever seen. The time is upon us. Prepare!

Thank you all,
HL
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Sep 15, 2008 4:42 PM CST Financial Meltdown
tipaly81
tipaly81tipaly81Moscow, Idaho USA71 Threads 15 Polls 1,334 Posts
Yeah, I've been trying to plan for this myself, but have so many bills (student loans and medical bills) that it makes it really dificult. My next move is to get a bike and ride the darn thing everywhere. Maybe that will work. Or at least help, then I wont be spending 4$-5$ a gallon on gassigh .
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Sep 15, 2008 4:43 PM CST Financial Meltdown
HealthyLiving
HealthyLivingHealthyLivingSomewhere In, Tennessee USA690 Threads 2 Polls 6,584 Posts
It is obvious that most of you could care less what happends.
Perhaps you just believe that I am a kook.
Perhaps you should listen to what the governor of the Bank of England said September 8th, 2008.

"Mervyn King yesterday warned there was no ‘magic solution’ to Britain’s housing crisis as he cautioned ministers against US-style bailouts.

The Bank of England governor acknowledged the City was in its worst state since the 1930s, but that pouring public money into the mortgage market was fraught with risks.

Gordon Brown is known to be considering extending government guarantees for mortgages in an effort to increase availability on the high street.

Mr King’s comments came as fellow interest-rate setter David Blanchflower predicted thousands of workers could be laid off every week between now and Christmas as the nation’s economic output dives.

He warned there could be a ‘horrible surprise’ lurking around the corner, declaring he had a ‘doom laden’ view of Britain’s outlook.

In equally bleak testimony to Parliament’s Treasury Select Committee, Mr King said Britain faced ‘testing times’ as incomes are squeezed and the economy flirts with recession.
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Sep 15, 2008 4:44 PM CST Financial Meltdown
druidess6308
druidess6308druidess6308Aliquippa, Pennsylvania USA99 Threads 20,283 Posts
Because America is the land of eternal optimists, and our banks and financial leaders like to bury their heads in the sand. sigh
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Sep 15, 2008 4:55 PM CST Financial Meltdown
tipaly81
tipaly81tipaly81Moscow, Idaho USA71 Threads 15 Polls 1,334 Posts
HealthyLiving: It is obvious that most of you could care less what happends.
Perhaps you just believe that I am a kook.
Perhaps you should listen to what the governor of the Bank of England said September 8th, 2008.

"Mervyn King yesterday warned there was no ‘magic solution’ to Britain’s housing crisis as he cautioned ministers against US-style bailouts.

The Bank of England governor acknowledged the City was in its worst state since the 1930s , but that pouring public money into the mortgage market was fraught with risks.

Gordon Brown is known to be considering extending government guarantees for mortgages in an effort to increase availability on the high street.

Mr King’s comments came as fellow interest-rate setter David Blanchflower predicted thousands of workers could be laid off every week between now and Christmas as the nation’s economic output dives.

He warned there could be a ‘horrible surprise’ lurking around the corner, declaring he had a ‘doom laden’ view of Britain’s outlook.

In equally bleak testimony to Parliament’s Treasury Select Committee, Mr King said Britain faced ‘testing times’ as incomes are squeezed and the economy flirts with recession.



I don't think that people don't care. They are not here to chat about important life changing stuff. They want to joke and escape the world tumbling down around them. So maybe assuming they don't care is being a little pushy, and not a good way to get people to comment. IMOsigh

I do care, but am so strapped for money that changing my lifestyle drastically would really send me in a tailspin. I - personally - am doing what I can to live a better and more efficient life. So I do care. And today, I just happen to feel like posting about the $$ situation. Sometimes I just want to read the comments. I figure spreading the info should be good enough.
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Sep 15, 2008 5:18 PM CST Financial Meltdown
HealthyLiving
HealthyLivingHealthyLivingSomewhere In, Tennessee USA690 Threads 2 Polls 6,584 Posts
tipaly81: I don't think that people don't care. They are not here to chat about important life changing stuff. They want to joke and escape the world tumbling down around them. So maybe assuming they don't care is being a little pushy, and not a good way to get people to comment. IMO

I do care, but am so strapped for money that changing my lifestyle drastically would really send me in a tailspin. I - personally - am doing what I can to live a better and more efficient life. So I do care. And today, I just happen to feel like posting about the $$ situation. Sometimes I just want to read the comments. I figure spreading the info should be good enough.



Girl, I know that you do care.hug
But it was almost 2 hours after I posted this thread, that you commented on it and at that time, it only had 9 views, and 3 of them are mods. So, only 6 people cared to have a wonder at what Financial Meltdown might be about, or feel that it was an important topic to investigate.

I understand being strapped. Since laying my truck over 3 nights ago, I have absolutely no income at all. I had just taken a weeks vacation with no pay, so I received a -$231 paycheck, as I still owe the insurance on the truck, whether or not I work.

But I have still stocked up on staple foods to get me through hard times, I have ammo to shoot beasts if it comes down to that and my garden is doing well. I have firewood in case the electric grid goes down or if it gets cut off for non payment, LOL. I have warm clothing, blankets, sleeping bags etc.

I know that many on CS only read the forums and do not post. The counter shows how many have read. True, many enjoy the games, and I play at times myself. But as someone else has posted, "Today is Black Monday", it's time to wake up and pay attention!

I truely appreciate your comments and I pray God's best to you, that He will keep you safe and give you the wisdom needed to prepare for survival. He will help you and show you what you need. Just ask Him.
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Sep 15, 2008 5:22 PM CST Financial Meltdown
russianwarrior
russianwarriorrussianwarriorgreenville, South Carolina USA8 Threads 113 Posts
yes but john mccain and George bush. says nothing wrong. economy is strong.
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Sep 15, 2008 5:37 PM CST Financial Meltdown
HealthyLiving
HealthyLivingHealthyLivingSomewhere In, Tennessee USA690 Threads 2 Polls 6,584 Posts
russianwarrior: yes but john mccain and George bush. says nothing wrong. economy is strong.



laugh Tell me about it!!! Do you ever get the idea that just maybe they have not been truthful with the American People?????rolling on the floor laughing

It surely does not take a rocket scientist to figure it out...
We have been deceived!!!
Betrayed by our Government... the one who said it would "protect us".

WAKE UP AMERICA!!!!

sleep sleep sleep sleep sleep sleep sleep


YOU'VE BEEN SLEEPING FOR TOO LONG!!!!!!!
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Sep 15, 2008 5:52 PM CST Financial Meltdown
shipoker58
shipoker58shipoker58Las Vegas, Nevada USA35 Threads 4,332 Posts
All I know is I can still get a Klondike bar for $1.39yay
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Sep 15, 2008 6:08 PM CST Financial Meltdown
BarrenPneuma
BarrenPneumaBarrenPneumaGolden Staircase, Ontario Canada121 Threads 4 Polls 2,496 Posts
Any economy lacking a material base will eventually collapse. I would not be surrised to find out that Fort Know was lacking in all of its gold and that the cases were filled with IOU's. The radical change in currency collateral in the United States and other countries has forced them to match their currency output to other less stable controls. Property being one that is in a constant state of flux and never should have been cosen to represent the value of the dollar. The Chinese economy is still connected to the gold system and they have been quite active in purchasing any and all reserves that become available on the market. Having some basis for printing money seems like the only honest and reliable means of ensuring that the promisory notes tendered to the public have any worth at all. Germany was flooded with counterfeit currency during WWII and it was a major factor in their defeat. It likely would have destroyed their economy if the war did not end as it did. When a country's assets are not up to par they usually devalue the currency, but the United States just goes back to the press and prints a few more trillion dollars based on no redeemable asset.
This will affect the entire world as we are all linked indispensibly through finance and trade. A sorry state of affairs with worse to come. Who will want to invest in something that may or may not have any actual value. Cubic Zirconia diamonds...anyone?
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Sep 15, 2008 6:09 PM CST Financial Meltdown
cherokeemoon2
cherokeemoon2cherokeemoon2grove, Oklahoma USA19 Threads 777 Posts
HealthyLiving: Tell me about it!!! Do you ever get the idea that just maybe they have not been truthful with the American People?????

It surely does not take a rocket scientist to figure it out...
We have been deceived!!!
Betrayed by our Government... the one who said it would "protect us".

WAKE UP AMERICA!!!!

YOU'VE BEEN SLEEPING FOR TOO LONG!!!!!!!
I just got on,I dont think ur a kook,I see whats happening to.And BTW the dude u just answered is the one who got thrown off for his anti american forums and he kept his same pic,Lord how smart is that. Anyway we r in trouble and I cant save anything and havent been able to for a long time hug
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Sep 15, 2008 7:09 PM CST Financial Meltdown
gongman
gongmangongmanCarcassone, Occitanie France35 Threads 2 Polls 698 Posts
Read something interesting on CNN website...financial section... not that I´m a regular visitor but what with world events n´such...

How much money can you spend..................

Proposal is to take away every dollar you have above 50million.Personally I have no problem with that.

Money to be fairly distributed amongst the "dis-enfranchised"....definition please CS chums.

But here the problem arises.Once you have that money,where do you put it,temporarily.


lightbulb A Bank.



























































Whoops.Circle starts over.
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Sep 15, 2008 7:21 PM CST Financial Meltdown
HealthyLiving
HealthyLivingHealthyLivingSomewhere In, Tennessee USA690 Threads 2 Polls 6,584 Posts
shipoker58: All I know is I can still get a Klondike bar for $1.39



yay What would I do for a Klondike bar???????devil
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Sep 15, 2008 7:31 PM CST Financial Meltdown
HealthyLiving
HealthyLivingHealthyLivingSomewhere In, Tennessee USA690 Threads 2 Polls 6,584 Posts
BarrenPneuma: Any economy lacking a material base will eventually collapse. I would not be surrised to find out that Fort Know was lacking in all of its gold and that the cases were filled with IOU's. The radical change in currency collateral in the United States and other countries has forced them to match their currency output to other less stable controls. Property being one that is in a constant state of flux and never should have been cosen to represent the value of the dollar. The Chinese economy is still connected to the gold system and they have been quite active in purchasing any and all reserves that become available on the market. Having some basis for printing money seems like the only honest and reliable means of ensuring that the promisory notes tendered to the public have any worth at all. Germany was flooded with counterfeit currency during WWII and it was a major factor in their defeat. It likely would have destroyed their economy if the war did not end as it did. When a country's assets are not up to par they usually devalue the currency, but the United States just goes back to the press and prints a few more trillion dollars based on no redeemable asset.
This will affect the entire world as we are all linked indispensibly through finance and trade. A sorry state of affairs with worse to come. Who will want to invest in something that may or may not have any actual value. Cubic Zirconia diamonds...anyone?



Where have you been? The U. S. Government announced its bankrupcy in I believe it was 1974!!! Since then, they began printing money for whatever they needed. This year, they did away with the M3, which was a record of how much was printed. As of March 2008, they were printing $2Billion per day. That was when they still had to record the M3. No telling how much they have printed off the record since that time. There has been nothing available in Fort Knox since the 70's. So TRUE... the United States goes back to the press and prints WAY more than a few trillion dollars based on NO redeemable asset!!!

We are up the creek without a paddle!!!
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Sep 15, 2008 7:39 PM CST Financial Meltdown
HealthyLiving
HealthyLivingHealthyLivingSomewhere In, Tennessee USA690 Threads 2 Polls 6,584 Posts
cherokeemoon2: I just got on,I dont think ur a kook,I see whats happening to.And BTW the dude u just answered is the one who got thrown off for his anti american forums and he kept his same pic,Lord how smart is that. Anyway we r in trouble and I cant save anything and havent been able to for a long time



I know you know what is going on moon. If you need help, I am here for you!hug
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Sep 15, 2008 7:41 PM CST Financial Meltdown
HealthyLiving
HealthyLivingHealthyLivingSomewhere In, Tennessee USA690 Threads 2 Polls 6,584 Posts
gongman: Read something interesting on CNN website...financial section... not that I´m a regular visitor but what with world events n´such...

How much money can you spend..................

Proposal is to take away every dollar you have above 50million.Personally I have no problem with that.

Money to be fairly distributed amongst the "dis-enfranchised"....definition please CS chums.

But here the problem arises.Once you have that money,where do you put it,temporarily. A Bank.Whoops.Circle starts over.



That's right gongman, How much can you spend???
They do want to break us, cos the world bank... the FED is not in America!!!! They want all our money then to hell with US!!!
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Sep 15, 2008 7:43 PM CST Financial Meltdown
gongman
gongmangongmanCarcassone, Occitanie France35 Threads 2 Polls 698 Posts
When the shackles fall from your eyes...
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Sep 15, 2008 7:47 PM CST Financial Meltdown
HealthyLiving
HealthyLivingHealthyLivingSomewhere In, Tennessee USA690 Threads 2 Polls 6,584 Posts
gongman: When the shackles fall from your eyes...



Thank GOD I am FREE from shackles!!! I can see!!!
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Sep 15, 2008 7:51 PM CST Financial Meltdown
gongman
gongmangongmanCarcassone, Occitanie France35 Threads 2 Polls 698 Posts
HealthyLiving: Thank GOD I am FREE from shackles!!! I can see!!!


You can take a horse to water.............................
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Sep 15, 2008 7:53 PM CST Financial Meltdown
Indyfella
IndyfellaIndyfellaindianapolis, Indiana USA230 Threads 9 Polls 27,698 Posts
shipoker58: All I know is I can still get a Klondike bar for $1.39



Subconsciously, that tells me you're a Palin fan cheering applause laugh
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