10/9/08 - FSME Denninger Special Report - IT'S HERE!

Someone left this comment on an Australian news site in response to this story.

Have just heard from someone in the banking sector who says that American banks are about to start freezing credit to their business customers and that they will be unable to pay their workers wages as a result.

Today in Australia the Common Wealth Bank apparently suffered a computer failure and all those banking with them were not paid on time. Bus drivers were threatening with a strike. Coincidental it could be, but I'm calling bs on the computer glitch.

Damn it couldn't the bankers just have waited to crash the economy after Halloween. I was building a sweet haunted house.

Anyway this is not good. I don't think they will crash the economy today but we are getting very close. Maybe on Tuesday they will crash it. I know this might sound stupid, but is it possible to crash it over the weekend?



[edit on 10-10-2008 by The Revealer]

[edit on 10-10-2008 by The Revealer]

Austria's Exchange closed reopen maybe 12 local time

Monday is a bank holiday (Columbus Day) I think trading can still happen though.

Well maybe today is the day. My arm is acting weird and the last time that happened the economy began its nosedive.

Is this a pyramid scheme or what?
Pardon the pun

Whether or not this is going to happen today or a slow death the bookkeeping is atrocious.
Are you telling me all these highly educated economics geeks around couldn't blow the whistle. I guess the making money part overshadowed the safeguard part. Maybe we don't deserve the controls? Incapable of self restraint or due suffering for the common good?
The only people who were right have been austrisized and discredited by the very institution they tried to protect?
I.E Micheal Ruppert of from the wilderness. President Jackson to name a few
All this media concerning " oh my goodness" " nobody saw this comming " is really insulting "some" peoples intelligence.

Have we failed to enlighten the public about the bigger view?
Its a sad realization knowing the public needs to feel the pain before they get up off the couch to add 2 and 2?
This could go down as the moment we let it all fall away. Stumbled drunk into an ambush. Moved into a house of paper designed to combust at a critical moment. Then in our moment of need, get you to sign your autonomous freedoms away. Imagine our childrens world. To be consolidated into a paradigm out of our control.

We gotta bring the "A" game!

What are politicians when the root wealth elite are in play?

Answer: ( spokesmen for the way it is )

Sorry for the rant I know most here have open eyes; I'm just reacting to my guilt.

reply to post by The Revealer


I cannot answer your question, and I work with retards. You have perplexed plucky...well done.

reply to post by pluckynoonez


not to get off topic but i have worked with them as well. They were a great group of kids.

Originally posted by squiz
Someone left this comment on an Australian news site in response to this story.

Have just heard from someone in the banking sector who says that American banks are about to start freezing credit to their business customers and that they will be unable to pay their workers wages as a result.

Today in Australia the Common Wealth Bank apparently suffered a computer failure and all those banking with them were not paid on time. Bus drivers were threatening with a strike. Coincidental it could be, but I'm calling bs on the computer glitch.

Something tells me there is about to be a lot of "computer failures" around the globe.

FRANKFURT -(Dow Jones)- German exchange operator Deutsche Boerse AG (DB1.XE), which operates the Xetra cash market, doesn't plan to suspend trading of the entire stock market in spite of substantial intraday losses, a spokeswoman told Dow Jones Newswires Friday.

"There are currently no plans to suspend trading of the entire market due to the losses," spokeswoman Leticia Adam said. "Trading on the German market is happening without any glitches, as in the past several days, and traders have buy and sell orders in their books," she said.

Earlier Friday, the Vienna stock market suspended trading on the Austrian Traded Index of 20 blue-chip stocks, or ATX 20, until 1000 GMT Friday, a spokeswoman for the Vienna stock market told Dow Jones Newswires Friday.

Trade started at its regular time this morning, but due to the many volatility suspensions of single shares, the market was supsended altogether, she said.

At 0848 GMT, the German DAX blue-chip stock index was down 400 points, or 8.1%, lower at 4487 points. The midcap MDAX was down 5.2%.

spurce

the OP link....'URGENT"
is a thread starter which talks about a 'Document' that will soon be created in the Forum.


and as far as i can determine this (as yet unwritten) document they want spread all over the web...

It should contain the following points:

*- immediate suspension of the $700bn bailout plan
*- the immediate prosecution of the corporate Directors & Execs who made this mess


& somehow, some sort of confidence will be renewed in the markets,
and a recovery will be worked out.
I'm awaiting this 'Document', but i'm very certain i won't become involved in the 'chain letter' treatment of this forthcoming 'Document'


~~~~~~~~

something worth reading is this: market-ticker.denninger.net...

which is a succinct layout of the current credit-crunch/seizure of markets
and a follow up article... both made yesterday the 9th of Oct,
the above page is not part of the Forum, (but there is a link box in the right column, )

thanks,

Originally posted by The Revealer
Damn it couldn't the bankers just have waited to crash the economy after Halloween. I was building a sweet haunted house.

just draw up a bunch of Amero's, cut them out, and hang them up everywhere! surely that will send them running!

then make a sign on your front door saying:

"All ye who enter the NAU will never be the same! You would have turned back long ago if you knew what was good for you!"

they enter the house, but by then, it's already too late. the NWO is on the horizon, i suspect. we have to do something NOW!!!

I would like to counter-bet against FSME Relentless! (I like you Relentless, I just think you're wrong in this case).

Why? Well, I think this entire crash has been engineered by a global covert bear ring to drive down prices.

Who won from the 1987 crash? Warren Buffett, George Soros, Peter Lynch... those names ring a bell? They all jumped from being mid cap millionaires to billionaires after the 1987 fiasco.

The crash at the moment is the result of irrational selling off. There will be a massive realisation in the next couple of days that there has been an over correction.

Banks which are backed by national reserves (BoE, Fed et al) have also been hammered, when they can secure funding from these sources. This is nonsensical in business terms.

Take a look at this:




How could a share trade below the earnings ratio for that share?! And why would investors be passing up a yield of 25%?

I think there has been a negative bubble, which is about to burst and rally markets.

Im not just betting my reputation upon it, I'm also going to buy RBS shares today. (Thats said, I lost a bit when I said the same thing about Lehman so I may well be wrong!).

reply to post by LowLevelMason


Well, I do not know where you live and what you do, BUT the world is in a global economical meltdown. DAX now -9.5% in a DAY.

THIS IS SERIOUS and not ATS panic at all.

Originally posted by pluckynoonez
I just had a thought about www.tickerforum.org...

KD (Genesis) and Pika-Steph have been amazing this past couple of weeks. But it is too little too late. I have visited ticker forum since this event www.tickerforum.org... and I can honestly tell you that Genesis is a hot-head who yells at people for what he considers "tinfoil". Where were they a year ago on this? Where was the alarm then? It must be the human condition, to yelp as the axe is coming. Just sayin'.

He's been there all along warning of this (more than a year), which is why I introduced him a few weeks back. You can easily read his Tickers from long past this. He's been sounding the alarm for a long time and people just didn't respond.

Don't be misguided by the fact that he only recently got media attention. No one wanted to hear it and no one wanted to know. He yells at "tin-foil" because he still believes in the Constitution and facts and has been trying to wake people up for a long time - keeping it totally credible. Just the facts ma'am.

Nuff said on that.

Originally posted by The Revealer
Anyway this is not good. I don't think they will crash the economy today but we are getting very close. Maybe on Tuesday they will crash it. I know this might sound stupid, but is it possible to crash it over the weekend?

Well, let's see, someone corect me if I'm wrong, but I believe we have a G7 emergency meeting this weekend, and Monday is a Market Holiday. By Tuesday anything could happen.

To those who think this is just another doomsday thread I want to make something perfectly clear.

I have been on ATS for quite some time, and I am not a doomsday poster. This is not another panic prediction. It is an educational thread to help people understand that things are worse than they have ever been financially, and we are in uncharted territory, so stay aware.

Take it or leave it, while you still have a Constitution that matters and can. Meanwhile, I think the reports that came in all night from across the Globe have shown this mess is Global Meltdown right now.

Thank you for all who are participating in collaberating information and informed opinions. Keep a watch today, and report any additional signs of trouble. We can all respond in an informed manner according to what we want to do or believe.

I do not think raiding the banks, etc. is going to help/matter now. Nor do I think personal panic will help. Until we know what we are dealing with, there is little we can do but call our Reps and demand solutions and restituion. Tell them to fix it now. They know what to do. They have been supplied with real economic plans by real experts for weeks now, they are ignoring them.

If the Dow was kissing 13,000 in the past six months and is now at 8579.19, with probably more to be shaved off and you don't think this is cause for real concern, if not panic, that's fine with me. If you don't think the world markets freezing up and credit disappearing after this country (and many others) were ingrained to live with credit as an integral part of life, that's fine with me.

Personally, I have watched over the past 6 months, too many people go under already, most through no fault of their own. It escalated exponetially this past month. 20 years ago we had a financial crisis and unemployment, but it was high paid people that got squicked for the most part. Those of us who plodded along survived. This time is different. Everyone right down the line is facing possible layoffs (if it hasn't already happened) and a lot of people who still have jobs have had their hours cut to a point where they can't earn a liveable wage, and there are no second jobs out there for them to bite the bullet and try to survive at all costs. I'm seeing it daily due to the nature of my employment. All walks of life, there are daily calls with people in tears, good hard working people who are so ashamed and afraid and no longer know what to do.

And now it's spiralling out of control. It's not a panic thread folks, it's information that needs to be disseminated. Like I said - take it or leave it. I felt it necessary to share it, because people need to understand, things are changing and it's time to tighten up. Many already have, too many are just ignoring it.

New LIBORs have just been released.
3-month has gone up to 4.82%, up from 4.75% yesterday.

EDIT: TED spread is at 420


[edit on 10/10/2008 by anachryon]

Originally posted by BlackOps719
Something tells me there is about to be a lot of "computer failures" around the globe.

I bet you are right.

Originally posted by stikkinikki
I better go shopping tomorrow.

STock up. Food. Clothing for the next year or so. If you have kids - plan for growth. OTC meds. Make sure you have motrin for the kids if they get a fever.

All we need now to make this complete is a FLU PANDEMIC.

Then the stage will be set.

The NWO will be in place.

The anti-christ will arrive out of nowhere with promises to fix the world and even heal the seasons to stop global warming.

Be afraid. Be very afraid.

Here's the financial headlines for the past day, at least what they tell us.

my.earthlink.net...

If you see any hope in there please let me know.

reply to post by Relentless


People who don't "believe", got that word spot on. It's not down to beleif, (or hope ?) it's down to knowledge. A bit of simple arithmetic clearly shows anyone with abrain that things WILL go pear shaped. If not now, in the near future. Our society is not sustainable. And we are about to come back down to earth from our consumer-based dreamland, and find out that milk comes from cows, groceries do not grow in stores, and the governement is not as trustworthy as we would like to think.
We have been living in an artificial world, and things are finaly about to get real. I'm kind of looking foreward to it.