[Silver Surfer]

I can smell the fear ...

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Number of downloads: 55

[Solomon]

Silver Surfer, on 05 February 2010 - 12:03 PM, said:

I can smell the fear ...

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Ahh! The memories.....

[Charles Bukowski]

Solomon, on 05 February 2010 - 12:51 PM, said:

Ahh! The memories.....

MMM i cant wait to read about the tall and short man again. Awesome!

[Bernard L. Madoff]

How bad is this recession depression compared to others post WW2?

http://www.zerohedge...c-recovery-ever

[Chimerica]

Yes SS, something is definately brewing.

Top world bankers are meeting this weekend in Australia for a secret summit. Even Bernanke might make an appearance.

http://www.news.com....i-1225827289543

Quote

THE world's top central bankers began arriving in Australia yesterday as renewed fears about the strength of the global economic recovery gripped world share markets. Representatives from 24 central banks and monetary authorities including the US Federal Reserve and European Central Bank landed in Sydney to meet tomorrow at a secret location, the Herald Sun reports.

Organised by the Bank for International Settlements last year, the two-day talks are shrouded in secrecy with high-level security believed to have been invoked by law enforcement agencies.

Speculation that the chairman of the US Federal Reserve, Dr Ben Bernanke, would make an appearance could not be confirmed last night.

[Chimerica]

Quote

The gathering also comes at an important time for the BIS as it initiates an overhaul of the global banking system which will include new capital rules applying to banks and more stringent standards regulating executive pay.

From the above article,

[Solomon]

Quote

THE world's top central bankers began arriving in Australia yesterday as renewed fears about the strength of the global economic recovery gripped world share markets. Representatives from 24 central banks and monetary authorities including the US Federal Reserve and European Central Bank landed in Sydney to meet tomorrow at a secret location, the Herald Sun reports.

Organised by the Bank for International Settlements last year, the two-day talks are shrouded in secrecy with high-level security believed to have been invoked by law enforcement agencies.

What the heck is this all about.
Is this the way of the world now.?
Secrecy will do nothing to generate confidence in a system that surely needs more transparency, not less.
What could world bankers have to talk about, that requires such cloak and dagger, unless it is not above board.

This does nothing to raise my confidence in the state of affairs, and I actually think they will live to regret these type of meetings.
You want your people on side, not stacking up in suspicion around you.

[savagegoose]

ahh those rich bildeboob bankers, they routed aussie dollar just so their hotel accomodation would be cheaper while here. man rich guys are cheap. anyhow bretton woods 2 anyone?

[savagegoose]

Solomon, on 05 February 2010 - 12:51 PM, said:

Ahh! The memories.....

man my memories are the cheapest stocks in my lifetime, and all i eeded was a dart and a board and i could have picked a winner, and i didnt even play. i was busy stocking up on gold n silver. that was a bad time for me, i didnt lose anything but missed ops.
well if this is market tummble 2, ill prob stick with the gold silver plan,. real money has more appeal to me. but if i do go the shares direction this fall it will be the big tumble klike back in 1930's and ill have to wait 15 years to see a recovery!

[tom]

savagegoose, on 06 February 2010 - 01:23 PM, said:

man my memories are the cheapest stocks in my lifetime, and all i eeded was a dart and a board and i could have picked a winner, and i didnt even play. i was busy stocking up on gold n silver. that was a bad time for me, i didnt lose anything but missed ops.
well if this is market tummble 2, ill prob stick with the gold silver plan,. real money has more appeal to me. but if i do go the shares direction this fall it will be the big tumble klike back in 1930's and ill have to wait 15 years to see a recovery!

I feel the same way, it took me putting 2k into an iron ore miner to see the arse fall out of the iron ore price 15 months ago. I sold them for a 50% loss abotu 3 months ago...

Just like at the casino usually within 30 minutes of me sitting down at a blackjack tabel everyone wants me to leave, suddenly the dealer keeps getting blackjack. Lookout people I have $500.00 to lose here I come. If only Joye had set up his Rismark hedonic index on the stock exchange I could have bought some "house". That would have fixed affordable housing for generations of Australians.

[Mr Medved]

savagegoose, on 06 February 2010 - 01:23 PM, said:

man my memories are the cheapest stocks in my lifetime, and all i eeded was a dart and a board and i could have picked a winner, and i didnt even play. i was busy stocking up on gold n silver. that was a bad time for me, i didnt lose anything but missed ops.
well if this is market tummble 2, ill prob stick with the gold silver plan,. real money has more appeal to me. but if i do go the shares direction this fall it will be the big tumble klike back in 1930's and ill have to wait 15 years to see a recovery!

A year ago I faced some serious financial challenges so had the choice of either saving/stacking or buying shares, not both - like youself I chose saving/stacking. I don't regret it as it provides a little insurance for a rainy day.

I don't think I'll buy shares this year though will consider CFDs if Mrs Medved allows me to gambool on them.

[Bernard L. Madoff]

Have a read of this mega bear article (and readers comments after)...

http://www.marketwat...sion-2010-02-09

Quote

ARROYO GRANDE, Calif. (MarketWatch) -- Wake up investors. Are you prepared for the economic anarchy coming after a global-debt time bomb explodes? Are you thinking outside the box? Investing differently? Act now -- tomorrow will be too late.

Quote

Here's how these savvy Insiders are preparing: In his 2008 best-seller, "Wealth, War and Wisdom," hedge fund manager Barton Biggs, a highly respected Insider in the "Happy Conspiracy," advised rich insiders to expect the "possibility of a breakdown of the civilized infrastructure." His advice: Make tons of money. Buy an isolated farm in the mountains. Protect family against the barbarians: "Your safe haven must be self-sufficient and capable of growing some kind of food ... It should be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc. Think Swiss Family Robinson."


How Wall Street insiders will treat Main Street in 'The Anarchy'
And when the barbarians do come, firing "a few rounds over the approaching brigands' heads would probably be a compelling persuader that there are easier farms to pillage." Imagine a scene like Port-au-Prince after the quake. Biggs is no radical anarchist, he's an establishment Insider, a great guy. We both arrived at Morgan Stanley about the same time. Biggs remained 30 years, was Morgan's chief global strategist. Ten times Institutional Investor magazine put him on Wall Street's "All-America Research Team."

True, he did hedge his prediction of the coming anarchy. His odds: 1 in 10. But in an early 2009 Newsweek article, "A Generation of Destruction: Throwing money at the problem and propping up greedy banks is like trying to put out a fire by pouring gasoline on it," Biggs teased us with a bleak scenario: "Great cycles of wealth creation have usually lasted about two generations, or 60 years. Inevitably, unequal riches corrupt and create envy, and they are always followed by a generation of enormous wealth destruction."

and another...
http://www.globalres...xt=va&aid=14680

Quote

Introduction



While there is much talk of a recovery on the horizon, commentators are forgetting some crucial aspects of the financial crisis. The crisis is not simply composed of one bubble, the housing real estate bubble, which has already burst. The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Indicators show that the next possible burst is the commercial real estate bubble. However, the main event on the horizon is the “bailout bubble” and the general world debt bubble, which will plunge the world into a Great Depression the likes of which have never before been seen.

[Darth Vader]

Good post Tin, Very good. While i wouldnt call myself a survivalist i do believe in having reasonable food store and a few other things to be prepared. It all gets used anyway and the way food goes up these days, it is probably saving me money.