How much time to prepare before economic collapse??

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Permalink Reply by Debra Goldenberg on July 25, 2009 at 5:01pm

Here is a bit of information you might want to read about, what do you think it is against our current Administration and talks about the loss of state rights, a completely DANGEROUS proposition and we all need to consider where our fair nation is headed, no?:

http://www.godlikeproductions.com/forum1/message847633/pg1

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Permalink Reply by Debra Goldenberg on July 26, 2009 at 2:05am

Go to this link to read a predictor of the upcoming Great Depression II. Come on folks, were there, get yourselves prepared for some of the same kinds of problems experienced in the 30's, only worse this time. What is predicted? Try getting informed ("learn to fight for your survival" as we flip into grand ruin) :

http://www.trendsresearch.com/forecast.html

Sorry for the pessimistic view, but its way past time to WAKEUP...its now or never, and I would appreciate some feedback on this link. I'm asking politely!

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Permalink Reply by Debra Goldenberg on July 28, 2009 at 3:20pm

Is this a replay of mid-2008 when the Fed lost its nerve, bristling over criticism that it had cut rates too low (then 2pc)? Remember what happened. Fed hawks in Dallas, St Louis, and Atlanta talked of rate rises. That had consequences. Markets tightened in anticipation, and arguably triggered the collapse of Lehman Brothers, AIG, Fannie and Freddie that Autumn.

Here is a very important statement to think about and ponder for quite some time, then arrange the brain cells in your daft heads in a way that will put together a statement called a "response." Come on, I have FAITH that you can do such a feat! Believe, and it will be so. So said the great Chairman McDoodle, who I knew personally in a former lifetime, when the grass was green and the beer was flowin'. Ciao!

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Permalink Reply by Debra Goldenberg on July 30, 2009 at 7:47pm

I found a clip of a Jewish gathering where protestors disrupted the speech of a Rabbi, who kept going even after a violent disturbance. He is NOW a Martyr, even though that is usually associated with Christian reigious people throughout history. (See "Saints") See the full youtube video:

http://www.youtube.com/watch?v=fwC9dYl1O2A

Who is the aggressor who is the victim and who will say something to stop such idiocy from continuing?

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Permalink Reply by Debra Goldenberg on August 11, 2009 at 7:50pm

This is IMPORTANT information, read with a cavaet, you will need to do some actions in your own "neck of the woods" once you read this!

what it is about: Obama as a fascist, please use a critical lense to determine if what you are hearing is TRULY fact (or misinformation) you decide!

http://www.youtube.com/watch?v=eDkO8p4z0Wg&feature=related

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Permalink Reply by Debra Goldenberg on August 21, 2009 at 4:08am

I've got another interesting clip, this of John Cusack interviewed about his political views and his new movie War Inc (see several pages back, the trailer is put up (by me, i love this movie!) and it is very relevant because he also helped out MoveOn.org comparing McCain to Bush (they have many same ideas, believe it or not, search for the ad on youtube) and Soros contributes to that organization and recently has been found to be supporting Petrobas (sp?) in Brazil which is doing oil drilling off the coast of SA, and other strange connections, see Fox News. Enjoy!

http://www.youtube.com/watch?v=2QTDzXK7rAM

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Permalink Reply by Debra Goldenberg on September 7, 2009 at 5:18pm

Anyone insterstested in the Nazi/Bush connection? Do a google, I am not going to directly link youtube this time.

Apparently, Prescott, W Bush's grandfather, helped exterminate the Jews in Germany (and other European countries) by paying for chemical gas used in the concentration camp- gas chambers. True? Rumor? See the new move Inglorious Basterds (correct spelling, no joke) and do YOUR OWN research, please! Tell me what you think, or find, or dig up, this is big news, and the move is great; imho. Bring popcorn (it reduces heart attacks, lol - really it does) any takers...waiting for a reply! The Sound of Silence....evil happens when good men (finish the sentence) it's a Simon and Garfunkel tune, can you sing?

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Permalink Reply by Debra Goldenberg on September 11, 2009 at 8:50pm

And now for "something completely different" (Monty Python) see what sex can do, many diseases right so get some protection!

http://beconfused.com/2008/01/06/indias-condom-song/

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Permalink Reply by Debra Goldenberg on October 27, 2009 at 9:01pm

Some real news this time, from the Economist:

An uncelebrated century

Oct 26th 2009
From Economist.com

Smaller American banks are now at the centre of the credit storm


PARTNERS BANK of Naples, Florida, earned a dubious distinction on Friday October 23rd. It became the 100th American bank failure of the year. On the same day six other lenders—two more in Florida and banks in Minnesota, Wisconsin, Illinois and Georgia—joined the rollcall of failure in the aftermath of the credit crisis.

More banks have failed in other years. The post-war record was set in 1989 when 534 banks went under. That was at the peak of the savings-and-loan (S&L) crisis, which erupted in the late 1980s and continued in the early 1990s. This year has seen more failures than any since 1992, but another 75 banks must go under to overhaul that year’s total.

Counting absolute numbers of failures, however, is not the best way to assess the extent of a financial crisis. The number of banks and thrifts has fallen dramatically since the S&L era, from some 16,000 lenders then to around 8,000 now. According to CreditSights, a research firm, when the current cycle is over, the rate of bank failures may be double what it was during the S&L crisis.

The total of failures also disguises the size of individual collapses. The demise of Washington Mutual, the biggest bank to fail in America so far in this crisis, means that banks accounting for more than 3% of the system’s total assets have fallen during the current cycle already, compared with 4.4% of assets over the entire S&L episode.

Yet passing the hundred mark symbolises how the financial crisis has shifted its focus from large banks to small ones. America’s big banks may face regulatory uncertainty but they take the shelter of government support. Most have diversified businesses so they can offset credit losses with buoyant earnings from investment banking. The recent slew of third-quarter results suggests that the number of non-performing loans is approaching a peak.

Small banks have no such comfort. They are too small to pose a threat to the entire system and thus too small to require saving. And they are heavily exposed to commercial property, an asset class that continues to go downhill fast. In the latest sign of distress, Capmark, one of America’s largest commercial-property lenders, filed for bankruptcy on Sunday.

These factors point to a sharp rise in bank failures. There are 416 institutions on the problem list of the Federal Deposit Insurance Corporation (FDIC). CreditSights estimates that more than 600 banks will fail if conditions stay as they are. If things get really sticky, more than 1,000 could go under (compared with over 1,800 in the S&L crisis).

That means lots of buying opportunities for other banks and private-equity investors. But it spells trouble for the FDIC, which administers failed banks and estimates that it will incur total losses of $100 billion over the course of this credit cycle. This weekend’s tally of bank busts added another $357m to the bill. The FDIC has already proposed ways to bolster its depleted deposit-insurance fund by requiring banks to prepay some $45 billion of insurance premiums into the fund. But many think its estimates of losses are too low anyway, particularly since the minnows of American banking, unlike the big fish, do not have the same buffers of equity investors and subordinated debtholders to help bear the costs of failure.

The crisis among small banks may not threaten the system in the same way as big-bank failures. But for taxpayers, there is the prospect of further outlays. A cash-strapped FDIC may yet be forced to tap a $500 billion credit line with America’s Treasury. For big banks, there is the threat that the agency will levy an emergency round of premiums.

As for borrowers, particularly small businesses that rely on local lenders, credit may be hard to come by. Barack Obama unveiled proposals on October 21st to increase the size of government-guaranteed loans to small businesses, and to make it more attractive for small lenders to ask for capital from the Troubled Assets Relief Programme. The national picture may be brightening: the next phase of the financial crisis will be local.

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