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Originally posted by MOFreemason
reply to post by tjeffersonsghost
I was trying to figure out what the "I told you so" meant, considering nothing had happened yet.
Arrogance? Or does he REALLY know something we all don't????
Originally posted by chasm
Originally posted by MOFreemason
reply to post by tjeffersonsghost
I was trying to figure out what the "I told you so" meant, considering nothing had happened yet.
Arrogance? Or does he REALLY know something we all don't????
About a week or so ago, R stated that there would be meetings this weekend, and to pay attention to the "meetings" which were to occur. Meetings beyond the Legatus gathering.
I believe that's what he means by "I told you so" in this instance.
Originally posted by Anonymous ATS
Very strange. If you look currently on his website he displays the numbers 6 4 6, this is the area code in New York City.
Originally posted by Hx3_1963
Would this "fit" into yer reasoning?
EXCLUSIVE: Cyber-Hackers Break Into IMF Computer System
www.foxnews.com...
Satyam Computer Services Ltd. was the company that supplied/maintained the software for the World Bank/IMF/WHO/ect
Yet Another Scandal for 'India's Enron'
www.foxnews.com...
Notice 'India's Enron'...doesn't Reinhardt carry on about 'Enron' quite alot? Coincidence??? The intrusions were back in Sept-Nov...isn't that around the time he made his prediction???
[edit on 2/8/2009 by Hx3_1963]
AFL - AFLAC Incorporated (NYSE)
21.80 -1.31 (-5.67%) Feb 6 4:02pm ET
Open: 23.20
High: 23.75
Low: 20.28
Volume: 22,668,500
Avg Vol: 9,907,000
Mkt Cap: 10.17B
At the end of December, we owned a total of 9.1 billion in perpetual debentures at an amortized cost. Of that amount 6.5 billion or 72%, were upper Tier II securities. Upper Tier II securities are more debt like than Tier I and are senior to Tier I securities, preferred shares and common equity. Tier I securities amounted to 2.6 billion at amortized cost at the year-end, have more equity characteristics, but are still senior to common equity. They are generally senior to preferred shares as well, but that depends on individual security, the insurers capital structure and the regulatory jurisdiction of the insurer.
It's very important for you to differentiate between upper Tier II and Tier I securities. They are not the same and they carry different risks. Most of the hybrids we own are yen- denominated and long-dated instruments that we purchased to support Aflac Japan's policy liabilities. At the end of the year, the unrealized loss on our perpetual debentures was $1 billion, compared to loss of $475 million at the end of September. About $760 million of that loss is at the end of December is attributable to the Tier I instruments.
However, the stronger yen also contributed to the unrealized losses on the hybrid holdings. Since the end of the year, pricing is lower for hybrids. However, upper Tier II securities have declined less than Tier I securities. Again, this illustrates why it's important to differentiate between the two categories since this is exactly what the market is doing. I should also note that in the last week pricing has actually improved somewhat for Tier I instruments.
www.midasletter.com...
The prospect of the United States defaulting on its debt is not just likely. Its inevitable, and imminent.
The regulatory black holes into which sanity and reason disappear on a daily basis are soon to collapse under the mass of their sheer size. The circle jerk going on among G7 governments has to end – the steady advance of gold, even in the face of a managed price, exposes the real value of the U.S. dollar, as opposed to its apparent value expressed in the dollar index.
Is 2009 the year that the United States formally defaults? And with that, will the dollar collapse and be rolled back ten for one or more?
There are a lot of reasons to support that theory. To Wall Street economists, such an event is heresy and therefore unthinkable. Yet Wall Street is the very La-la-land that bred the idea of a perpetually indebted nation in the first place.
Number one among the indicators favoring this scenario is what is happening in the U.S. Treasuries auction market.
Last Thursday, an $30 billion auction in five-year notes failed to stir the interest of traditional primary dealers. The auction itself was saved by an anonymous “indirect” bid.
Buyers are discouraged by the prospect of what is expected to amount to $2 trillion total issuance for the full year of 2009. The further out the maturities on notes, the more bearish the sentiment towards them. The only way to entice buyers is through the increase in yields.