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| User Info | The Stark Choice Now Facing America in forum [Ticker] | |||
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Genesis Posts: 71431 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/623-Th....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-22 17:43:39
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Implosion Posts: 3210 Incept: 2008-03-20 
99.9% of all crash calls are wrong!
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Quote:Now next month at the polls, not next week. Typo: Now should be Not ---------- "You better believe in the PPT! If you haven't by now, you will." - Chummin It's a Global Economic Meltdown (Music Video): http://www.youtube.com/watch?v=mzXTxAOQE....
2008-10-22 17:47:24
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Ocbear Posts: 1684 Incept: 2007-06-29
OC, CA
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No doubt this is coming. Any particular reason for the 70% probability that it comes in 5 days or less?
2008-10-22 17:51:06
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Genesis Posts: 71431 Incept: 2007-06-26
KD^2
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Yes. Indicators I watch in the credit markets, and the rapidity with which corporate issuance is becoming "impossible." The latest data point was Pepsico, and it ALARMED me. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-22 17:53:33
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Nikolai9 Posts: 43 Incept: 2008-02-10
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Don’t we have something of a suicide pact with China? If they refuse to buy our debt, we will crash. If we crash, they will crash.
2008-10-22 17:58:15
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Genesis Posts: 71431 Incept: 2007-06-26
KD^2
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China will not willingly go down the hole with us. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-22 18:02:10
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Nikolai9 Posts: 43 Incept: 2008-02-10
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Then they are forced to buy our Treasuries. If the USA goes into a depression, China risks a revolution. At least that is the theory.
2008-10-22 18:03:39
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Genesis Posts: 71431 Incept: 2007-06-26
KD^2
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No they aren't. They buy our Treasuries for one reason and one reason only - to sterilize our foreign trade flows. We are going into recession and their toy factories are closing by the thousands - some reports say HALF of these shops have already shut down. No foreign trade flow, no reason to buy our Treasuries as there is no inflationary impact to beat back. They will be SELLING those bills and bonds in order to meet their capital needs in feeding their people - the United States be damned. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-22 18:06:51
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Gs_hedge Posts: 819 Incept: 2008-02-09
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Just a typo alert: It should be "businesses" in the following line: "All of this is for one purpose - to cover the fact that many of these business are broke - that is, to cover up the lying."
2008-10-22 18:07:31
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Henri Posts: 150 Incept: 2007-09-23 
europe
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Wouldn't that just force the US to simply default on its debt and be followed by an instant dollar devaluation? Is that the "major event" you're prognosticating?
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2008-10-22 18:15:31 by henri
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Darknight Posts: 3293 Incept: 2007-08-10
The Wicked Forrest
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Where can our 401ks go if not Treasuries? Withdraw, other bond funds, equities or bust? Or just bust?
---------- The price of apathy towards public affairs is to be ruled by evil men. - Plato
2008-10-22 18:27:31
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Genesis Posts: 71431 Incept: 2007-06-26
KD^2
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If this isn't stopped we're ****ed. Period. You need to be concerned about stopping this first and how to invest second; you are looking at this entirely the wrong way, and frankly, if you don't get it by now, I don't know how much more clear than this Ticker I can get. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me Last modified:
2008-10-22 18:29:12 by genesis
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Broncs453 Posts: 19 Incept: 2007-09-01
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KD you're wasting your fukking time. The national debt is rising faster than $1,000,000 every 10 seconds. Go to http://zfacts.com/p/461.html and watch the clock. About $10 billion a day adds on to the total. US default on sovereign debt is just around the corner, and it is 100% INEVITABLE. Case CLOSED. Bankruptcy is the only way out. There is NO WAY to stop it. You can rant and rave all you want. While you've put forth great effort, the jig is up. It's only a matter of time. Better get some survival supplies. This ain't no tin foil. It's GUARANTEED. ---------- "Life is hard. It's harder if you're stupid." - John Wayne
2008-10-22 18:29:50
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Mike18xx Posts: 617 Incept: 2008-09-27 Banned
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From the ticker: We must make sure that the government is not lumped in with the liars... <double-take> (Unintentional humor alert!) ...lest the government's ability to borrow get cut off or become prohibitively expensive. I dunno, Gen. I think they're just over and done, now. Like a bankrupt business, it's time to sell the assets off to the private sector. Reset to the Philippines after Marcos model. ==//== In other news, Cramer just hit the bull-horn for Panera (PNRA), which is to bread what Starbucks is to coffee, with a current P/E over 20. Apparently he sees an increasing market for $7 loaves of bread in the upcoming depression....
2008-10-22 18:32:56
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Darknight Posts: 3293 Incept: 2007-08-10
The Wicked Forrest
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Gen, I hear you. But we need to worry about how to feed our kids too.
---------- The price of apathy towards public affairs is to be ruled by evil men. - Plato
2008-10-22 18:33:41
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Genesis Posts: 71431 Incept: 2007-06-26
KD^2
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If you don't stop this feeding your kids will be a major problem but investing won't solve it. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-22 18:34:47
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Bogey Posts: 728 Incept: 2008-03-12
Montana
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Very well put, Gen. Just fired up the fax machine and sent to my 3 reps, 2 of which voted no. I went a step further with Tester, pleading with him to fill the need for a true patriot in the Senate. I really think he's got the chops for it. Trying to get some time with him soon.
2008-10-22 18:39:02
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Genesis Posts: 71431 Incept: 2007-06-26
KD^2
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The available time to stop this may literally be measured in days you can count on the fingers. .... of one hand. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-22 18:40:14
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Raster Posts: 1902 Incept: 2007-08-16
Rar!
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KD - Great Ticker. Despite what Broncs says, you're not wasting your time. It may be inevitable, but we've all got to try against the odds. wee o wee o wee Mtgspy wrote..Even I would need to get moral justification to go short sometimes. http://www.tickerforum.org/cgi-ticker/ak.... ---------- ǝɹǝɥ ǝuo ןɐɯɹou ʎןuo ǝɥʇ ɯ,ı˙˙˙dn pǝʞɔnɟ ןןɐ ǝɹɐ sʎnƃ noʎ 
2008-10-22 18:43:55
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Bdh Posts: 924 Incept: 2007-12-16 U.S.
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I just don't understand Karl. First, as I already realized years ago, and you pointed out a couple of days ago in your debt dollar per GDP dollar Ticker, the U.S. can never pay off it's debt. The only way to grow is to go into more debt, and even that ability is vanishing away. Cutting government spending down by 50% would only quicken the downward spiral of the economy with the millions of people (direct and indirect) thrown out of work through that action. So even if the .gov implemented your proposals 100%, it may only postpone the inevitable. Is there any realistic actions you could think of that could prevent this, even in the long run. Keeping in mind foreigners cannot (even mathmatically) continue buying treasuries forever. Secondly, we have individual and corporate debts that you say must be defaulted on (among other things) for the crisis to clear. Yet you say that's a bad thing for the country to do. Why? Last modified:
2008-10-22 18:50:19 by bdh
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Bdh Posts: 924 Incept: 2007-12-16 U.S.
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Mike18xx wrote..In other news, Cramer just hit the bull-horn for Panera (PNRA), which is to bread what Starbucks is to coffee, with a current P/E over 20. Apparently he sees an increasing market for $7 loaves of bread in the upcoming depression.... Maybe he thinks they will be the government sponsored servicer for the bread lines.
2008-10-22 18:49:29
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Ajas Posts: 1647 Incept: 2007-08-28
Seattle, Zootown
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So, Gen, the immediate "next couple days" problem is that govt-guaranteed debt is sucking credit from other unguaranteed places that need it? And the risk is that one of those unguaranteed institutions is about to go BOOM because it can't get funding? And that knocks over the next domino? Just trying to figure out why we are talking days not weeks, right now. ---------- "It takes the hoople-heads time to adjust. Sometimes I wish we could just hit em over the head, rob em, and throw their bodies in the creek." "But that would be wrong."
2008-10-22 19:00:10
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Quik49 Posts: 2297 Incept: 2007-12-11
out yonderway
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faxed to my senators and reps
---------- Potter's not selling, he's buying;
2008-10-22 19:00:12
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Genesis Posts: 71431 Incept: 2007-06-26
KD^2
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Quote:Secondly, we have individual and corporate debts that you say must be defaulted on (among other things) for the crisis to clear. Yet you say that's a bad thing for the country to do. Why? No, I'm saying that its a GOOD thing to force the fraud into the open and force the defaults. Our nation as a COUNTRY is not bound to default. The source of the "must default" claim is entitlement "promises" which are not actual debt nor backed by anything other than.... promises. Promises that can't be kept. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-22 19:00:22
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Aaron Posts: 716 Incept: 2007-11-27 Los Angeles
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Panera is awesome (as an eatery, not a stock pick). For about $5, you can get a good sized half-salad and half a sandwich, and they're both freaking delicious. ---------- Now with 32-percent more trash-talk.
2008-10-22 19:02:34
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