Overseas markets about to open...Will the patch hold? - Survivalist Forum
Survivalist Forum

Advertise Here

Go Back   Survivalist Forum > >
Articles Classifieds Donations Gallery Groups Links Store Survival Files


Notices

General Discussion Anything non-survival related - news and information, current events, general chit-chat stuff.

Advertise Here
Similar Threads
Thread Thread Starter Forum Replies Last Post
WeaponTech AK47 Enhanced Bolt Hold Open Follower (3 Pack) Cope's Distribuitng Cope's Distributing 0 11-21-2014 08:45 AM
Hold open a door for a LEO? Samsonite General Discussion 18 05-17-2013 12:52 PM
3% patch Dwind General Discussion 49 02-26-2013 07:45 PM
Silica Gel in open #10 cans to prolong open can shelf life darlenea Disaster Preparedness General Discussion 6 02-10-2012 04:43 PM
greetings from the patch taisai New Member Introduction 5 02-08-2012 01:17 AM
overseas markets getting wacked on this U.S. holiday 97guns Financial Forum 6 09-06-2011 05:57 PM
Predictions for gold after the PM markets open Sunday night MIL-DOT Financial Forum 120 08-10-2011 06:58 PM
APMEX Not Taking Orders Till Asian Markets Open temu Financial Forum 0 08-07-2011 11:56 AM
shoulder patch wootie Disaster Preparedness General Discussion 61 01-24-2010 07:25 PM
Monday morning-Overseas markets are crashing... Declan Disaster Preparedness General Discussion 18 10-06-2008 11:06 AM

Reply
 
Thread Tools Display Modes
Old 09-21-2008, 09:21 PM
Declan Declan is offline
I love this forum
 
Join Date: Mar 2008
Location: Best place in the world...but we're full
Posts: 6,670
Thanks: 2,082
Thanked 15,909 Times in 4,195 Posts
Default Overseas markets about to open...Will the patch hold?



Advertise Here

The Asian Markets are about to open and we'll see if "The Band Aid Package" will hold off the financial E.L.E for a bit longer or if it will be meaningless.

In a few more hours, the North American markets will "express their opinion" as well.

This is how the week ended:


Washington Post: "What we are witnessing is the greatest destruction of financial wealth the world has ever seen . . ."

The Economist: Derivatives Market May Set Off a Financial Nuclear War

LA Times:Dear United States, Welcome to the Third World!


Panic Sweeping Wall Street May Leave No One Standing

U.S. Credit Rating in Danger of Disastrous Downgrade

Wall Street Journal:Worst Crisis Since '30s, With No End Yet in Sight

Bloomberg: "Time to start finding people to behead"

Time Magazine:"Government Bailed Out AIG to Prevent "Extinction Level Event"

Is the end near for Wall Street?



If you were a betting man/woman, were would you put your chips?
Quick reply to this message
Old 09-21-2008, 09:32 PM
RamblinMan RamblinMan is offline
Hunter
 
Join Date: Apr 2008
Location: East TN
Posts: 1,277
Thanks: 675
Thanked 712 Times in 365 Posts
Default

I just seen an article in the New York Post this morning that said we were 500 trades from a financial armeggedon. I think they were saying that was Tuesday and then the fed put in a 105 billion infusion.
Quick reply to this message
Old 09-21-2008, 09:36 PM
Sweeper's Avatar
Sweeper Sweeper is offline
BowHunter
 
Join Date: May 2008
Location: MT
Posts: 2,232
Thanks: 6,972
Thanked 1,968 Times in 862 Posts
Default

How fast will it unravel if the patch fails? How fast even if it does hold for now?
Quick reply to this message
Old 09-21-2008, 09:43 PM
chris chris is offline
 
Join Date: Jun 2008
Posts: 1,231
Thanks: 205
Thanked 883 Times in 477 Posts
Default

Make a guess. It's as accurate as anyone else can be.
Quick reply to this message
Old 09-21-2008, 09:45 PM
Declan Declan is offline
I love this forum
 
Join Date: Mar 2008
Location: Best place in the world...but we're full
Posts: 6,670
Thanks: 2,082
Thanked 15,909 Times in 4,195 Posts
Default

Quote:
Originally Posted by Sweeper View Post
How fast will it unravel if the patch fails?
Me thinks it will blow like a gigantic, dry powder keg and it will be further fueled by the uncompromising divide between Left and Right that would best describe today's America.

If the patch doesn't hold, I might even go out a limb and whisper "CW2". Why? Because people will be angry and will want scape goats and pay back. Can you think of a better target than those who hold a diametrically opposing ideology on social, religious and economic issues?

If that should happen, I'd put my money on the side with all the guns and hardware and that isn't the Left


Quote:
Originally Posted by Sweeper View Post
How fast even if it does hold for now?
A few more weeks or a couple months at the most. Why? Because they are trying to fix this mess by "injecting liquidity into the markets" and liquidity isn't really the problem, or at least not the biggest, most catastrophic issue.

What good will being able to borrow $50,000 do if that's going to be the price of a loaf of bread?

Last edited by Declan; 09-21-2008 at 10:07 PM..
Quick reply to this message
Old 09-21-2008, 10:02 PM
jaypro jaypro is offline
 
Join Date: Sep 2008
Posts: 212
Thanks: 181
Thanked 113 Times in 72 Posts
Default

The patch will work if wealthy people believe it is safe to invest $billions back into the market next week. Do you feel any better today as oppose to last Friday because the Treasury and Congress spent three whole days creating a bailout dejur? I

actually had the "big talk" with my wife this weekend.... she was shocked by the suggestion of a colapse, stayed in denial for a day, then I showed here several video clips from CNBC of the 'experts'. By Sunday we both went to Sams Club and purchased $200 worth of "just in case" bulk food.

I hope it holds for a few days... I have several mail order items in transit.
Quick reply to this message
Old 09-21-2008, 10:07 PM
FlungPup's Avatar
FlungPup FlungPup is offline
Hiker
 
Join Date: Jun 2008
Location: Vancouver Canada
Posts: 688
Thanks: 200
Thanked 366 Times in 201 Posts
Default

They've got a lot of lipstick for a mighty ugly pig, but not all the lipstick in the world and all the rum is going to make this go away.

Le Sh*t has hit le fan.

"Emerging markets face $111bn maturing debt - Nearly a fifth are held by junk-rated groups" And that's just what they're will to print about the near future.

Read More Here
Quick reply to this message
Old 09-21-2008, 10:12 PM
Declan Declan is offline
I love this forum
 
Join Date: Mar 2008
Location: Best place in the world...but we're full
Posts: 6,670
Thanks: 2,082
Thanked 15,909 Times in 4,195 Posts
Default

Quote:
Originally Posted by jaypro View Post
I hope it holds for a few days... I have several mail order items in transit.
Well, even if it does hold, it will mostly hold for the very wealthy that you mentioned in your post. A great deal of lower and middle class American families have already "stepped on through, to the other side" and by that I don't mean that they died, just that they lost everything and the shizzle has already hit the fan for them.
Quick reply to this message
Old 09-21-2008, 10:38 PM
FlungPup's Avatar
FlungPup FlungPup is offline
Hiker
 
Join Date: Jun 2008
Location: Vancouver Canada
Posts: 688
Thanks: 200
Thanked 366 Times in 201 Posts
Default

"Canada, G7 asked to back U.S. plan

Henry Paulson, the U.S. Treasury Secretary, turned to Canada and other Group of Seven industrialized countries Sunday to back a sweeping financial relief package to alleviate stresses in the banking system that carries a fast-rising price tag of well over US$700-billion.

"We have a global financial system and we are talking very aggressively with other countries around the world and encouraging them to do similar things," Mr. Paulson said Sunday on the ABC News TV show This Week.

"And I believe a number of them will."

In a fresh development, the proposed U.S. bailout was expanded Sunday to include Canadian and other foreign institutions with "significant operations" in the country, after the scheme was initially restricted to soaking up bad assets from U.S. lenders."

The Rest Here

How lovely is that. What was the name of the song the band played while the Titanic sank?

Last edited by FlungPup; 09-21-2008 at 10:55 PM.. Reason: forgot the url
Quick reply to this message
Old 09-21-2008, 10:43 PM
jaypro jaypro is offline
 
Join Date: Sep 2008
Posts: 212
Thanks: 181
Thanked 113 Times in 72 Posts
Default

Quote:
Originally Posted by Declan View Post
Well, even if it does hold, it will mostly hold for the very wealthy that you mentioned in your post. A great deal of lower and middle class American families have already "stepped on through, to the other side" and by that I don't mean that they died, just that they lost everything and the shizzle has already hit the fan for them.
I don't think the middle class is up the creek just yet. Credit card companies are still accepting credit purchases. If a panic unfolds and people are spending limitlessly on preps... and then Visa, American Express, etc will shut down approvals. At that point I would agree the lower and middle class would then be sunk. Until then all can still make preps...
Quick reply to this message
The Following User Says Thank You to jaypro For This Useful Post:
Old 09-21-2008, 11:50 PM
FredLee FredLee is offline
Survivor
 
Join Date: Jul 2007
Location: michigan
Posts: 4,090
Thanks: 128
Thanked 2,189 Times in 1,197 Posts
Default

They gave the financial junky a monetary fix. Its never enough,or the last fix.
Quick reply to this message
Old 09-22-2008, 12:31 AM
Declan Declan is offline
I love this forum
 
Join Date: Mar 2008
Location: Best place in the world...but we're full
Posts: 6,670
Thanks: 2,082
Thanked 15,909 Times in 4,195 Posts
Default

Quote:
Originally Posted by FlungPup View Post
we are talking very aggressively with other countries around the world and encouraging them to do similar things

Is that an euphemism for " in our desperation we're now threatening other nations, if they don't give us money"?

Wow! "And this guy is our knight in shining armor? We're effed!
Quick reply to this message
Reply

Bookmarks



Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Survivalist Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
Gender
Insurance
Please select your insurance company (Optional)

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 10:13 PM.


Powered by vBulletin®
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Optimisation provided by DragonByte SEO (Lite) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
Copyright © Kevin Felts 2006 - 2015,
Green theme by http://www.themesbydesign.net