We're FK'd

[PAlexC]

The Fed bought Bear Stearns for next to nothing using JP Morgan as an intermediary, the dollar is tanking, gold and oil are at record highs, and the fed rate is going to hit 2%.

Keep a close eye on your banks, folks.

[hanratty21]

I 100% disagree. I've been watching this all weekend and I think what you will see is more disclosure by these firms as we move forward. The fed rate hitting 2% is there to increase liquidity, not cause a firesale. Incidentally, I may be looking to buy some real estate soon, so the lower they drop the rates, the better the buying opportunity from the way I see it. To be honest, I think the big trick here is not necessarily saving our hides, but making sure we don't bring down the global economy as well. The fed waited too long, but their aggressive nature now should be able to help bridge the gap.

Bear Stearns was heavily leveraged in mortgage backed securities. They basically bankrupted 2 'hedge' funds last year due to this. This goes against the concept of what a hedge fund is supposed to do. Bear wanted to be independent, but probably should have been gobbled up over 2 years ago when their portfolio became overloaded in the sh*tted up mortgage market. Typical stupid, greedy wall street douchebags.

[gerbick]

Gotta ask... you can even hit me up via IM if you wish... what do you personally think will be the outcome of this?

Business as usual... or long-term some serious ****ery?

[silverx2]

should i try and get my 401k put into overseas markets? is that even possible?

[Planet]

I have to agree gerbs. It certainly is looking like the shizz is hitting the fan. At the very least, things are looking not so good for the dollar. The Amero on the other hand....

[hanratty21]

Planet - I had no clue you were such a conspiracy theorist. That site has more propaganda associated with it than a Hitler speech. Jeez...
http://www.fourwinds10.com/siterun_s...ur_mission.php
Mission statement 1 - To reveal the Darkside...

Come on...

[Planet]

A lot of people use that term “conspiracy theorist” in regards to other people who acquire information outside the mainstream media. Its a stigma that I can deal with but the facts are the facts, and one place that you can be certain to not get the facts in regards to world economies and governments is from the government/corporate controlled disinformation network or as some people call it “The News”.

I suppose then we should believe that the closed door session in the House Thursday night was really "to debate surveillance legislation" as our good and trusted friends at the AP would have us believe. Certainly it couldn't have anything to do with the collapse of the US economy. Little sarcasm there

Regardless of the true situation, better safe then sorry I always say.

[jAQUAN]

Allow me to play both sides.
notable alarms:
Today the dollar hit an all time low.
Today Oil hit and all time high.
Today gold hit and all time high.
The federal reserve is a PRIVATE company.

I don't believe in simple economic coincidence or that the powers that be have no vested interest in each other.

Now lets look at a history with foreign oil:
1970 we peaked production
1973 OPEC does not like us backing Isreal in war with Egypt and cuts us off
- in 3 months a barrel goes from 3$ to 11$ (267% increase)
1974 Nixon launches Project Independence with 1980 as a goal.
- In march of '74 OPEC lifts the embargo.

1975 Gerald Ford pushes Project Independence goal to 1985.
1978 Shah of Iran forces to exile. Iran-Iraq war starts.
1979 Jimmy Carter delivers "Crisis of Confidence" declaring we will never use more foreign oil than we did in 1977.
1980 Synthetic Fuels Corp (SFC) created to develop alternatives. $88 billion set aside.
1980-1986 OPEC lowers the barrel from $37 to $14.
1986 Reagan shuts down SFC.

Where the hell am I going with this?
It just seems to me, that when you have volatile partnerships on the surface, you cannot overtly protect your economy (read: start wars). I'm looking at all these facts, and while I'm no economist, it seems any idiot could have prevented what is going on with our economy.

While I'm not carelessly claiming that everyone with money is evil and distracted with designing their zionist apartment at the top of the world, I do have to wonder if devaluing our dollar has an ulterior motive of weakening foreign economies as their currency circulates through our country.

I kinda find HR's it-doesnt-affect-me attitude near sighted. When you have a zero-emission driveway decoration, it affects you. Of course I don't really know what liquidity means. From my vantage, it's more of the same creating something from nothing. And that nothing ALWAYS catches up.

[hanratty21]

Just to clarify...my attitude is not that 'it doesn't affect me.' I am just much less of an alarmist than most peeps who see these stories of Wall St and immediately throw up a sense of end of the world. A lot of what is happening in the last few weeks and months is very predictable. A dollar goes down, gold goes up. Period. As we continue dependence on oil, demand goes up, supply stays and price increases. As an individual...if you want to protect yourself in times like this that appear on the surface to be random and unpredictable...here's some tips:

*Save money on gas - ride a bike.
*Invest in what you know.
*Pay down your debt.
*Save more money than you are now.

If you were invested in a company like Bear Stearns and didn't really know how they make their money (heavy mortgage investments), then you probably should not be investing in the stock market. I've said this before...if you drink beer, buy BUD...if you smoke cigs, buy MO...if you still feel queasy, find a good interest rate or buy some t-bills.

[hanratty21]

zionist apartment at the top of the world

I just saw this comment. What exactly does this mean? If you are going where I think you are going, I am going to discount every single comment you make in this thread. I sincerely hope that is not the case.

[Visionray]

should i try and get my 401k put into overseas markets? is that even possible?

I have several mutual funds that are all 100% "foreign"... as in companies outside of the US. They are tanking just as hard if not harder than my US funds.

[jAQUAN]

A dollar goes down, gold goes up. Period.

Yeah I get that, I don't think of myself as a reactionary. Today I'm a little alarmed but that's based on a series of ugly trends along side a host of bad situations. The fact that you know more about it and are less alarmed is not lost on me.

I just saw this comment. What exactly does this mean? If you are going where I think you are going, I am going to discount every single comment you make in this thread. I sincerely hope that is not the case.

While I'm not carelessly claiming that everyone with money is <sarcasm>evil and distracted with designing their zionist apartment at the top of the world,</sarcasm>

[hanratty21]

The fact that you know more about it...

Ha - dont kid yourself. I sounds like I know more simply because i am around it all day. If I truly 'knew' more, I'd have way more money than I do now!

*and thanks for pointing out the sarcasm. that one was buried in the rant pretty deep - wanted to make sure you weren't trying to sneak one in there!*

[FlashLackey]

I recommend for those who believe everything is tanking to pull all money out of investments, bury it in a carefully planned hole, to quit their jobs and take up (non oil-using) farming. It's the only way to get out of the grasp of the greedy oil pigs.