Posted on 10/04/2008 9:39:20 AM PDT by TigerLikesRooster
It Ain't Gonna Work
BY TIM W. WOOD
By every historical measure the equity markets slipped into a secular bear market in 2000. As a result, we began to see efforts by the powers that be to keep the market afloat. I have stated all along that manipulation will ultimately not work. I have also stated all along that all this will do is make matters worse in the end. Well, I would think that everyone can now see, matters are indeed much worse. Yet, the Fed, the Treasury and the politicians continue to think that they can “fix” the problem by throwing more money at it. They do not understand that they can’t “fix” this economic crisis. They also do not understand that it is their trying to “fix” things in the past that has created the current situation. All markets as well as the economy must both inhale and exhale. They are trying to prevent the exhaling and it ain’t gonna work.
What we are dealing with is the wrath of Kondratieff Winter, which is about the purging of excess credit. Along with that comes deflation and along with that global stock markets enter into extended declines. Real estate declines, economic growth slows, commodities decline, bankruptcies accelerate as the excess credit is purged from the system, the banking system is shaken, the free market is blamed and we move toward national fascist political tendencies. We are now seeing each and every one of these symptoms of K-wave winter. For the record, I did not make up these symptoms to fit the current situation. I have original writings by Nikolai D. Kondratieff and the signs of K-wave winter were quoted from a book by David Knox Barker titled, The K-wave and was published in 1995.
(Excerpt) Read more at financialsense.com ...
Ping!
This “bailout” will NOT work.
It is a temporary fix postponing what will be a severe depression. It's a band aide over a slit throat.
It’s going to do what it was intended to do : give taxpayer money to the financial lobby and postpone the depression until after the election.
Here is copy of comment I put on another thread:
Here are articles from Washington Post on Coup, since Aug 6th Coup in Mauritania from an email I sent to some particulars:
Why, you ask would one leader in Mauritania bring about such financial chaos? The African Union (formerly the OAU) is made up of the whole African Continent...what affects one affects all, and therefore affects the World. Of course if we had banks that were NOT already on the brink of collapse, this might have gone unnoticed. We were at a pivotal point, with all the huge debt including the housing MBSs, CDSs, and the unbelievable lax oversight, which made this the last straw evidently. The EU was in no better shape, and this was the coup de’ tat of financial fear within the World Lending system. I doubt the lending will resume until this crisis has resovled itself one way or the other in Africa. I’m not a banker, and I only found this information last night after the Bailout Rescue Plan had already passed. The connection never got enough media attention, and the coup, barely mentioned, with all the election coverage. If our MEDIA had been reporting this instead of demonizing Sarah, and fawning over Obama we might have made different decisions.
Below are all the articles I could find in Washington Post, and the article blaming the World Lending freeze on this Coup by Peter Clottey. Read and decide for yourself.
It appears that General Azis and 3 other generals were fired by Abdallahi, who was supposedly a newly elected democratic President. However, Abdallahi was accused by lawmakers and these four generals of corruption and reaching out to ISLAMIST RADICALS...so the ‘HOLDING’ of Abdallahi has contributed to the African Union dilemma regarding their Charter, inducing fear and lending freezes per Peter Clottey of Washington Post in his article “Maurita Military Junta Flouted African Union Charter says Expert”..
Banking Freeze mentioned in second from last paragraph:
http://www.voanews.com/english/Africa/2008-10-02-voa3.cfm
http://www.washingtonpost.com/wp-dyn/content/article/2008/08/06/AR2008080600748.html
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/20/AR2008092001323.html
(one paragraph about 12 Mauritanian soldiers killed and Al Queda)
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/20/AR2008092001323.html
http://www.washingtonpost.com/wp-dyn/content/article/2008/08/06/AR2008080600748.html
THE FOLLOWING LINK goes to Washington Post “Related Items on the Web”, and there are several links to articles on the Coup in Mauritania under that label.
http://www.washingtonpost.com/wp-dyn/content/article/2008/08/06/AR2008080600748_Inform.html
The following quote was under a pic of supporters with the General’s pic on their car:
“Supporters of coup-leader and former presidential guard chief Mohamed Ould Abdelaziz, seen in posters, drive by in the city of Nouakchott, Mauritania, Friday, Aug. 8, 2008. Envoys from the African Union and the Arab League are due in Mauritania to meet with coup leaders who staged a putsch three days earlier that has been met with worldwide condemnation. (AP Photo/Candace Feit)”
Now my question is this-—wouldn’t this make the BANKING CRISIS more of a National Security issue, although it is an economic issue as well? Since Islamic Radicals and Abdallahi’s firing of the Generals created this mess. Would the system have shut down at this particular time prior to the election, if this had not happened?
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Bank holiday? Martial Law?
“Yes, it is true that this is not the early 1900’s. We also know that today the Fed has more tools available to influence the market as well. But, at the same time the markets are much, much larger than they were in the early 1900’s. So, even though the Fed has more tools available, this fact is over ridden by the fact that the market is now many, many times larger than it was then. Personally, I think that the powers that be helped to make matters worse by postponing the inevitable and that they are now facing checkmate because the dye has now been pretty much cast. “
We are a global economy unlike the 1900’s. The U.S. cannot manipulate the “global economy” forever. If I were a foreign investor, I'd see this as a RED FLAG and move on to investing in financially disciplined countries such as China. I'd see the U.S. as a paper tiger not worth the money on the dollar bill.
The prudent action would be to let the markets shake themselves out financially. Tighten up on legislation that has moved beyond a “chicken in every pot” to now a “home for any owner”. We are now moving towards nationalizing companies. Name ONE COUNTRY that has prospered with a nationalized economy. There isn't any.
How about this?
WARNING
THERE IS STRONG INDICATION THAT A “BANK HOLIDAY” UNDER A DECLARATION OF AN ECONOMIC EMERGENCY MAY BE DECLARED IN THE U.S. SOMETIME WITHIN THE NEXT 2 WEEKS AND POSSIBLY AS EARLY AS SATURDAY 10/4/2008.
THE INFORMATION INDICATES THAT IT MAY BE ANNOUNCED TO LAST A WEEK OR TWO AND THAT ALL BANKS AND FINANCIAL INSTITUTIONS WILL CLOSE DURING THAT PERIOD. NO ACCESS TO YOUR DEPOSITS WILL BE POSSIBLE, ATMS WILL NOT WORK, CREDIT CARDS WILL NOT WORK, AND BROKERAGE ACCOUNTS WILL NOT BE ACCESSIBLE EITHER.
THIS WOULD BE DONE UNDER A STATE OF MARTIAL LAW THOUGH TROOPS MAY NOT APPEAR ON ALL STREETS IMMEDIATELY UNDER THE FAINT HOPE THAT THE POPULACE WILL SIMPLY ACCEPT THESE MATTERS, BUT THE BANKS AND FINANCIAL INSTITUTIONS WILL BE HEAVILY GUARDED WHETHER OVERTLY VISIBLE OR NOT.
IF RIOTS OR CIVIL UPHEAVAL BREAK OUT, WHICH OF COURSE WOULD BE EXPECTED IN MANY LOCALES, THEN YOU WILL SEE TROOPS, LAW ENFORCEMENT OFFICERS, SWAT TEAMS, PRIVATE SECURITY CONTRACTORS, AND EVEN FEDERALLY AUTHORIZED U.S. GOVERNMENT, STATE GOVERNMENT, AND LOCAL GOVERNMENT WORKERS OPERATING UNDER THE REGIONAL MILITARY GOVERNORS OR FEMA CONTINUTITY OF GOVERNMENT CONTROLLERS TO ATTEMPT TO PUT DOWN THE RIOTS AND UPHEVAL WITH SANCTIONED ANY FORCE NECESSARY.
FULL IMPLEMENTATION OF ALL 500 + EXECUTIVE ORDERS AND PRESIDENTIAL DECISION DIRECTIVES ALREADY EXTANT AFTER THE 911 ATTACKS PROMPTED THEIR INVOCATION BY THE PRESIDENT, PLUS ANY STANDING ORDERS UNDER FEMA COG PLANS OR MILITARY PLANS UNDER THE CURRENT VERSIONS OF “REX 84” ......”GARDEN PLOT”.....OR “CABLE SPLICER” WILL BE CARRIED OUT.
EXPECT CURFEWS , CHECK POINTS, RESTRICTIONS ON TRAVEL, CONFISCATION OF FOOD, WATER, TRANSPORTATION, WEAPONS, COMMUNCATIONS, HOMES FOR BILLETTING TROOPS, ALL MONEY, AND SHOOT TO KILL ORDERS IF THE REGIONAL MILITARY GOVERNOR DEEMS IT NECESSARY. ORGANIZATION OF CIVILLIAN WORK GANGS AND EVEN TRANSPORT TO CONCENTRATION CAMPS WILL BE SEEN IF EVENTS GO AS THE MILITARY AND FEMA PLANNERS HAVE EXPECTED.
DATA POINTS, CONVERGING FACTORS, AND CAVEATS
1. CONFIRMATION FROM BACK CHANNEL SOURCES OF MOVEMENT BY THOSE UNITS WHICH ESTABLISH COMMAND AND CONTROL APPARATUS FOR MARTIAL LAW HAS INDICATED THAT ORDERS FOR ESTABLISHMENT OF ALL NECESSARY COMMAND, COMMUNICATIONS, AND CONTROL MECHANISMS IS ALREADY UNDERWAY AND AS THIS APPEARS ON 10/2/2008 THEY SHOULD BE READY TO ISSUE ALL ORDERS TO ANY TROOPS, LAW ENFORCEMENT, GOVERNMENT, OR PRIVATE CONTRACTORS NEEDED TO EFFECT IMMEDIATE MARTIAL LAW.
ALL THAT IS REQUIRED IS A “GREEN LIGHT” FROM WHOEVER RUNS THIS COUNTRY AT THIS TIME OR FROM THE PRESIDENT.
2. INDICATIONS THAT THE BANKING DEBACLE IS EVEN MORE SERIOUS AND MUCH LARGER THAN IS BEING STATED BY THE U.S. GOVERNMENT OFFICIALS IS NOW COMING FROM NUMEROUS SOURCES. IT HAS WORLD WIDE IMPLICATIONS.
3. NUMEROUS REPORTS OF TROOP MOVEMENTS AND MILITARY FLIGHTS OF UNUSUAL NATURE ARE COMING INTO STEVE QUAYLE, MYSELF, AND OTHERS.
4. NUMEROUS REPORTS FROM HAMS AND OTHERS THAT MONITOR MILITARY COMMUNICATIONS CONFIRM SOME UNUSUAL HF ACTIVITY IN MANY PARTS OF THE U.S. INCLUDING IN REMOTE AREAS THAT NO SUCH COMM HAS BEEN HEARD FROM BEFORE.
5. REPORTS FROM NUMEROUS SOURCES TO STEVE QUAYLE ABOUT THE “BANK HOLIDAY” HAVE BEEN COMING INTO HIM STEADILY AND THEY DO CONTAIN SOME SPECIFIC BUT NOT OFFICIALLY VERIFIED REPORTS THAT ONE OF THE LARGEST BANKS IN AMERICA HAS ALREADY INFORMED THEIR BRANCH MANAGERS THAT A “BANK HOLIDAY” MAY TAKE PLACE AND THAT SIGNS FOR BRANCH WINDOWS MAY ALREADY BE MADE TELLING BANK CUSTOMERS THAT THE BANKS WILL BE CLOSED FOR A CERTAIN PERIOD OF TIME AND THAT NO DEPOSITS OR TRANSACTIONS WILL BE POSSIBLE TIL THEN. MANY LOCAL OR SMALLER BANKS MAY NOT YET HAVE ANY INDICATION OF ANY OF THIS INFORMATION NOR IF THEY DID WOULD THEY ADMIT IT.
6. FIRST HAND REPORT TO STEVE QUAYLE FROM ONE OF THE TOP PRECIOUS METAL DEALERS IN THE WORLD ......THAT THE MAJORITY OF THEIR PHYSICAL GOLD AND PLATINUM BULLION AND COINS WERE PURCHASED WEDNESDAY 10/1/2008 BY A FEW HUGE PLAYERS FROM ASIA AND THAT THEY COULD EVEN SELL MORE IF THEY CAN OBTAIN IT FROM OTHER SOURCES.
THEY ARE SOLD OUT OF ALL PHYSICAL GOLD AND PLATINUM AND THEIR SILVER WAS SOLD OUT WEEKS AGO AS STEVE REPORTED WITH THE EXCEPTION OF A SMALL QUANTITY OF FRACTIONAL GOLD.
7. CONTINUED SCUTTLEBUTT ABOUT AND THE EVIDENT HUNGER BY TPTB FOR A FALSE FLAG OR REAL FLAG ALLOWED TERROR EVENT POSSIBLY INVOLVING NUCLEAR WEAPONS TO HIT U.S. CITIES INCLUDING POSSIBLY NYC AND D.C. DURING THE FIRST WEEKS OF OCTOBER HAS CONTINUED TO PERCOLATE AND INTENSIFY, THOUGH PUBLICLY ON TV AND RADIO OF MSM IT HAS BEEN QUIETED. POSSIBLE PAKISTANI CONTROLLED “AQ OR OTHER JIHADDI” ACTORS MAY CARRY IT OUT.....ATTEMPTS TO LINK IRAN, SYRIA, AND PAKISTAN TO THE ATTACK WILL PROBABLY SURFACE REGARDLESS OF WHO SANCTIONED IT.
8. AN EARLY TIMED EMERGENCY ALERT FROM THE WEB BOT PROJECT CREATORS SAYS THAT THEIR DATA IS STILL STRONGLY INDICATING THAT FOR 10/7/2008 A HUGE MAJOR EVENT WHICH INVOLVES POSSIBLE ECONOMIC COLLAPSE AND MILITARY INVOLVEMENT MAY OCCUR. THEY HAVE BEEN PREDICITING THIS IN THEIR REPORTS FOR ALMOST A YEAR AND HAVE RECENTLY DETAILED THEIR INDICATIONS FROM THEIR PREDICTIVE MODEL SPACE ON COAST TO COAST AM RADIO AND OTHER RADIO PROGRAMS AND AS WELL AS ON GEORGE URE’S URBAN SURVIVAL WEB SITE AND ON HALF PAST HUMAN WEB SITE.
THEY HAVE BEEN HIGHLY ACCURATE ON MANY EVENTS WELL IN ADVANCE BUT SEE THEIR OWN CAVEATS ON THEIR ACCURACY AND JUDGE FOR YOURSELVES.
9. STRONG INDICATIONS FROM CHINA , RUSSIA, AND EUROPEAN BANKS THAT IF THE U.S. DOES NOT PAY THEM OFF FOR THEIR PILES OF WORTHLESS TRANCHES OF SECURITIZED MORTGAGES AND DERIVATIVE ORIENTED INSTRUMENTS ....PERHAPS EVEN IN GOLD.....THAT DIRE CONSEQUENCES MAY HAPPEN. THIS IS ALL OVER THE WORLD PRESS AND THE LANGUAGE FROM THOSE INTERNATIONAL SOURCES IS RATCHETING UP.
10. UNCANNILY TIMED APPEARANCE OF THE RUSSIAN PETER THE GREAT FLOTILLA IN THE ATLANTIC HEADED FOR VENEZUELA , RUSSIAN NAVAL MANUEVERS ONGOING WITH JAPANESE NAVY, NEW DEALS STRUCK WITH SOUTH KOREA, AND CHINESE MEEETING WITH JAPAN AT THE “WARM SPRINGS” MEETING ALL BOLSTER THE ABOVE AND PORTEND FORMATION EVENTUALLY OF THE “KINGS OF THE EAST” AND OF THE HOOK BEING IN THE JAW OF GOG OF MAGOG.
11. PROPHETIC DREAMS AND VISIONS ARE BEING HAD BY MILLIONS IN THE U.S. AND AROUND THE WORLD CONCERNING MILITARY CONFLICTS, CIVIL WAR IN THE U.S., ECONOMIC COLLAPSES, AND EVEN THE RETURN OF FALLEN ANGELS AND NEPHILIM, ANAKIM, AND REPHAIM. MANY OF THESE ARE POURING IN TO STEVE QUAYLE AND OTHERS. PERSONALLY I HAVE SEEN SOME VISIONS OF THE NEAR FUTURE MYSELF AS HAVE OTHERS I KNOW VERY WELL.
THERE ARE EXTREME SUPERNATURAL IMPLICATIONS INVOLVING ALL OF THE ABOVE AND THE WARNING. IF YOU MISS THAT YOU WILL NOT UNDERSTAND WHY IT IS HAPPENING OR HOW IT MIGHT PROGRESS. READ THE BIBLE ABOUT THE FALL OF THE ECONOMIC BABYLON, THE DESTRUCTION OF DAMASCUS, THE GOG MAGOG WAR, AND ALL OF THE REVELATIONS OF JESUS TO JOHN OF PATMOS. READ MATHEW 24, READ EZEKIEL 38 & 39, READ DANIEL AND ALL OF THE PROPHETS.
12. ONCE AGAIN THIS IS MEANT AS A WATCHMAN’S WARNING AND YOU SHOULD TAKE THIS TO THE LORD IN PRAYER. YOUR RESPONSE TO IT AND ANY ACTIONS OR REACTIONS TO THIS INFORMATION ARE YOUR OWN.
WHAT SOME I KNOW ARE DOING
1. PRAYING FOR PROTECTION AND GUIDANCE TO LORD JESUS CHRIST
2. MANY ARE SELLING THEIR SECURITIES AND TAKING LARGE % OF THEIR MONEY OUT OF THEIR BANKS WHILE SOME OTHERS ARE TAKING ENOUGH FOR SAY A MONTH.
3. LAST MINUTE PURCHASING OF QUANTITIES OF FOOD , WATER AND PURIFICATION SUPPLIES, PURCHASING OF FIRE ARMS AND AMMO, NBC GEAR, MEDICAL SUPPLIES, GASOLINE (WHICH IS ALREADY SHORT IN THE SOUTH EAST) , AND CAMPING EQUIPMENT AND TOOLS.
4. MANY ARE BUGGING OUT FOR AT LEAST A FEW DAYS OR A WEEK...AT WHICH TIME THEY WILL REVIEW THE SITUATION......MANY I KNOW ARE LEAVING FRIDAY AFTER WORK OR EARLY SATURDAY. SOME ARE MAKING LAST MINUTE PREPARATIONS FOR PROTECTION OF THEIR HOMES TO SHELTER IN......AND SOME I KNOW ARE TAKING OFF FOR GOOD TO THEIR PREPARED REMOTE SHELTERS OR HOMES OR TO THEIR HOMES IN FOREIGN COUNTRIES
5. WHAT YOU DO IS BETWEEN YOU AND THE LORD. USE YOUR OWN JUDGEMENT BASED UPON THAT RELATIONSHIP WITH HIM. IF YOU DO NOT HAVE A RELATIONSHIP WITH THE LORD JESUS CHRIST, THEN REPENT AND ASK HIM TO COME INTO YOUR LIFE AND PROTECT AND GUIDE YOU.
ALL GLORY TO LORD JESUS, AND I HAVE FULFILLED MY OBLIGATIONS TO HIM FOR NOW REGARDING THIS WARNING TO YOU.
MAY HE PROTECT US ALL FROM EVIL AND USE US WHERE HE NEEDS US.
?
No. Let the chips fall where they may. You will pay a larger price from the “bail out” than you realize. Now the price is SMALL in comparison to what is coming next. It would be best to get that done and over with NOW.
Government has NO business in bailing out private companies or publicly trading companies. The government needs to GET OUT of the private sector and stop writing LEGISLATION that causes the “crisis” we have. All that is happening is people being discouraged from capitalism and moving towards socialism and nationalizing our businesses.
Where did you get this from?
I need facts and credible sources; not scare tactics.
First to liberal Democrat Hank Paulson and then hopefully (by Obama) to Frank Raines.
But I'm worried about the mechanics of the government buying mortgages and then resetting the interest rate and/or principle. As I understand it they do have the power to renegotiate these terms and knowing the liberals goal of making housing "affordable" there is no better mechanism that I can think of to do so. Just make the interest rate/principle low enough to accomplish the goal.
This will happen.
But there is an "unintended consequence" of marching down this path. That consequence is that anyone who is marginal in terms of keeping up their mortgage payment is going to think about the advantage of defaulting, letting the government take over the mortgage from their bank, lowering their interest rate and principle and leaving them with enough money every month to buy that new car they've been wanting. Or that new HDTV. Or that tricked up name tag. Or whatever.
When you give money away people stand in line to get it.
Somebody convince me that this won't happen. It seems to me that it is guaranteed to happen. There could easily be millions of cases like this. If so, watch out.
Are secular bears better or worse than religious bears?
Steve Quayle, a.k.a. "Stephen Quayle™" (note the trademark) hosts a website that mainly deals with angels, giants and alleged terrorist threats. ...
There is a problem with the source..Financial Sense. There is no such thing as financial sense at this point.
If too easy money was the cause, some hair of the dog only gets you through a few hours.
http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=FinalWarning
We have ocean full of cheap credit addicts.
I need facts and credible sources; not scare tactics.
It is bizarro; isn't it?
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