Stacy Summary: If Dominique Strauss Kahn is warning against it, then, presumably, he has been hearing national leaders floating the idea? Mind you, I don’t think the first bailout has yet stopped. Nor do I think a gold chart can tell you what is brewing down below.
“Most advanced economies will not accept any more [bailouts]…The political reaction will be very strong, putting some democracies at risk,” he told delegates.
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Nothing will be done until there is nothing left to lose.
Dedo
Does that hotdog include freedom fries?
The bailout just sent everybody back to business as usual. So they are still racheteding up the risk and leverage while Main Street burns. Another crises or two is inevitable.
Hell, Main Street said no to the first bailout and Congress did it anyway. If they try a second bailout, we’ll be in the streets rioting. It won’t be the end until we get rid of most of the corporate shills who pretend to represent us.
Oh, and I’m stocking up on food too.
well as usual most are way ahead of me here. But I think as the oldest signature of wealth, precious metal will not lose its relative value and I am not seeing a 2012 decimation of all earlier systems leaving only the barter economy. Then again owning farmland would be wise.
The people making comments at that site are pretty pissed at what is going on.
And that would be good.
Anyone wanna buy some hotdogs !
tip from ZH
Iphone app
Bailout Ben (aka Helicopter Benny), the intrepid pilot of Bail Force One, is on a mission to engineer the biggest bailout in the history of the universe!
Benny’s helicopter is flying lower and lower, and if he doesn’t bail out every single company he will crash & burn!
http://bailoutben.com/index.html
@CM:
Where did you read that the international financial system’s nwo was going to use gold in any medium of exchange? I was referring to the carbon credit.
Gold is hardly a new medium of exchange.
Oh no, not another one.
@CM:
I don’t support the global move to a new exchange based on people’s inherent rights now deemed privilege if that’s what you mean.
Oh no, not another one.
@CrumpetMuncher:
http://en.wikipedia.org/wiki/Carbon_credit
IMF warns second bailout would threaten democracy
i hope indictments follow .Financial News has become more interesting than any seerial I’ve seen on TV ROFLPMSL
This is now gonna be interesting cause from guesstamates they will need a Bailout or go belly up
so its gonna be real fun
@Frances – sorry you’ve lost me there?
There has to be something people can save in and use for exchange.
@Crumpetmuncher:
There is. It is called air.
@Stacy:
Yes. Assuming that gold retains value in the new carbon credit exchange system: the irresistible future which we all must embrace. Maybe the castles can all barter together? Make up a castle-gold-for-milk fund?
Suppose they don’t have any friends with ties in to the sovereign wealth funds? Shucks.
oops eunichfied
The problem with Maxs grand ueunichfied theory is the definition of money. The Austrians include all exchangeble instruments, the Australians include beer and the keynesians use fiat currencies.
We are experiencing deflation in GOLD and inflation in fiat.
@Stacyherbert – if gold fell to $100, they would still have more than they had if 100% of the cash were taken
I agree. People always say that stocking up on canned food etc is the best idea. Maybe for some. Just how many cans of food can you buy? There has to be something people can save in and use for exchange.
I think the tide is turning. The bankers went too far. Watch the MAIRFAIR SET by the great Adam Curtis to see how a similar “scheme/conspiracy”…came to an end. Robert Anton Wilson said that one group of conspirator would take out another group of conspirators…Either that or the world is run by IDIOTS!!!
@frances snoot – if gold fell to $100, they would still have more than they had if 100% of the cash were taken
“very wealthy people, remember, there are thousands of accounts held in Switz, Licht, Lux that no longer feel safe and they are buying physical gold and storing in one of their mansions”
suckers
“Jobless Recovery is a Myth”.
Lol one of my friends works for CISCO but is one the pay check of a 3rd party co. Co’s do this so they can fire people without any repercussions legally.
So this chappy was given a Process which pople in Europe and USA use to take 6 – 7 Hrs a day.
This guy refined it to 4 hrs the process , ROFL
His eoropeans boss ,well her job is at stake and she basically use to put a stamp of approval on this guys work. She really didnt know the process ,She was more of a Qualty kinda follow guidelines.
Now that her job is at steak she’s trying to get info from my friend on the process to save her Job.
Me friend has put in his papers Too bad and he just had a kid.
So the Job market is still tough out there.
even “Jobless Recovery is a Myth”.
there arn’t any Jobs out there. I just feel people are putting in more hours thats all.
So i feel as the Lunatics are wondering what to do now
Gold will go higher 1500 $ by Dec end ? anyone
my 2 cents
Huh, good thing this Bernanke fella knows about 1938.
Bills Yielding Zero as Stocks Soar Make 1938 Moment
http://www.bloomberg.com/apps/news?pid=20601087&sid=aAjR8KG.EWCA&pos=2
Weekly Gold Chart Analysis:
http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&b=5&g=0&id=p34298577235&a=156853006&listNum=2&listNum=2
@buddhabob – perhaps; from what I can tell/hear, buying is mostly from 1) governments (who must be seriously feeling queasy looking at the US economy that backs their massive dollar holdings), 2) big hedgefunds and 3) very wealthy people, remember, there are thousands of accounts held in Switz, Licht, Lux that no longer feel safe and they are buying physical gold and storing in one of their mansions; as per the charts in this story, gold is just a tiny, tiny market; one thousand uber rich and two or three governments can cause supply squeeze
http://www.321gold.com/editorials/roy_byrne/roy_byrne112309.html
The bailouts started six years ago.
Yes, lets have the IMF save us. Al we need is a network of gold holding state banks to issue money and settle import and export transactions, companies to issue their own shares. All the rest is a high end racket.
Judging by the price movement in Gold over the last 7 straight days when it has been in a kind of JohnnyWadd Holmes action upwards, I would say the people buying the precious metal are anctipating the announcement of another bailout much sooner than 4-5 years. Please. I’m thinking February 2010, thats just 2-3 months away and coincides well with the Max scenario. Now that the bonus money is sunk into Gold,Platinum and the Caymans, the plan is for them to come back and try the sequel to the first Paulsen Extortion.
Well, Timmy Geithner must be tag-teaming US with IMF since he’s their sitting governor.
Got SDRs?
Do you think a US bailout loan might come from the IMF…..
@Y’all
Right on top of it!!!