Freed Roger wrote:Since the US is govt, it can't do the same, they really will just be putting money in and praying it works.
They can, but have just been unwilling to do so I guess because that would be "socialism", although I think it would just be protecting the public interest.
Agreed.
but how do you do this, without complete nationalized banking. Govt can't just start using its power to help one publicly traded co at the expense of another, and deciding who the winners and losers will be in the free market system.
Maybe the nationalized banking IS the solution.
Last edited by Freed Roger on November 12 08, 3:12 pm, edited 2 times in total.
AWvsCBsteeeerike3 wrote:So does buying preferred stocks mean they buy them directly from the bank, thus infusing the bank with money? I've never really understood how that works....
Yep. That's the idea.
So, the banks worth doesn't really go up, they just trade in some of their equity for cash?
Not quite. IIRC, the Treasury plan involves the purchase of preferred stock, which is more valuable than common equity (shares bought on the exchange) because it typically carries a guaranteed dividend or some some type of option to convert the shares into the common shares (in case the stock price rises). It is not a loan to be paid back (debt holders always have first claim on the cash flows), but is less risky than common stock.
From The “Panic” Of 2008 To The “Collapse” Of 2009
Top trends forecaster gives chilling prediction for next year
Tuesday, December 2, 2008
The country’s top trends forecaster, who accurately predicted the “panic” of 2008 nearly a year before it unfolded, is now ominously suggesting that next year will come to be known as “the collapse of 2009″.
Gerald Celente, CEO of Trends Research Institute, sent out a letter to his subscribers announcing that he had purchased a domain name called “Collapseof09.com”.
Around this time last year, Celente sent the following message to his subscribers;
In 2008, Americans will wake up to the worst economic times that anyone alive has ever seen. And they won’t know what hit them. Just as they were in a state of shock on 9/11, they’ll be frozen in fear when the Economic 9/11 strikes at the heart of Wall Street.
Dismiss this trend forecast at your own peril. If you believe everything will be all right, and that the ship of state is sailing along just fine, toss this out and go about your business.
Having correctly forecast the “Economic 9/11″, Celente is warning that people should prepare for something much worse in 2009.
As we reported last month, Celente recently told Fox News that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.
Celente’s accuracy is widely heralded since he correctly predicted the 1997 Asian Currency Crisis, the subprime mortgage collapse and the massive devaluation of the U.S. dollar.
In 2007, Celente forewarned that “giants (would) tumble to their deaths,” which is exactly what we have witnessed with the collapse of Lehman Brothers, Bear Stearns and others.
Celente has stated that the current financial downturn will ultimately lead to nothing less than revolution.
“There will be a revolution in this country,” he said. “It’s not going to come yet, but it’s going to come down the line and we’re going to see a third party and this was the catalyst for it: the takeover of Washington, D. C., in broad daylight by Wall Street in this bloodless coup. And it will happen as conditions continue to worsen.”
From The “Panic” Of 2008 To The “Collapse” Of 2009
Top trends forecaster gives chilling prediction for next year
Tuesday, December 2, 2008
The country’s top trends forecaster, who accurately predicted the “panic” of 2008 nearly a year before it unfolded, is now ominously suggesting that next year will come to be known as “the collapse of 2009″.
Gerald Celente, CEO of Trends Research Institute, sent out a letter to his subscribers announcing that he had purchased a domain name called “Collapseof09.com”.
Around this time last year, Celente sent the following message to his subscribers;
In 2008, Americans will wake up to the worst economic times that anyone alive has ever seen. And they won’t know what hit them. Just as they were in a state of shock on 9/11, they’ll be frozen in fear when the Economic 9/11 strikes at the heart of Wall Street.
Dismiss this trend forecast at your own peril. If you believe everything will be all right, and that the ship of state is sailing along just fine, toss this out and go about your business.
Having correctly forecast the “Economic 9/11″, Celente is warning that people should prepare for something much worse in 2009.
As we reported last month, Celente recently told Fox News that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.
Celente’s accuracy is widely heralded since he correctly predicted the 1997 Asian Currency Crisis, the subprime mortgage collapse and the massive devaluation of the U.S. dollar.
In 2007, Celente forewarned that “giants (would) tumble to their deaths,” which is exactly what we have witnessed with the collapse of Lehman Brothers, Bear Stearns and others.
Celente has stated that the current financial downturn will ultimately lead to nothing less than revolution.
“There will be a revolution in this country,” he said. “It’s not going to come yet, but it’s going to come down the line and we’re going to see a third party and this was the catalyst for it: the takeover of Washington, D. C., in broad daylight by Wall Street in this bloodless coup. And it will happen as conditions continue to worsen.”
As we reported last month, Celente recently told Fox News that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.
