The United States Is On The Verge Of Collapse

[apollo_gnomon]

Originally Posted by follow no leader

you've waited 3 and a half years since registering to make this single negative comment? way to go champ!

because the username is a sock

[stompk]

JPMorgan is examining whether anyone in the unit, which employs a few dozen people in London, sought to hide risks, though there isn’t yet evidence that’s the case, the person said.

http://www.bloomberg.com/news/2012-0...es-as-cio.html

I'd be willing to bet the Queen has a private tunnel to that building.

[follow no leader]

Originally Posted by apollo_gnomon

because the username is a sock

what?

[dolores1]

Any further arrests or court cases stompk?

[apollo_gnomon]

Originally Posted by follow no leader

what?

A username registered in 2008 with 3 posts? Obviously, someone's spare username. A sock.

Look at recently "inactive" or "banned" users in currently active threads and draw your own conclusions.

[follow no leader]

Originally Posted by apollo_gnomon

A username registered in 2008 with 3 posts? Obviously, someone's spare username. A sock.

Look at recently "inactive" or "banned" users in currently active threads and draw your own conclusions.

Wasn't aware of the terminology, thanks...it makes sense!!

[realy]

Originally Posted by follow no leader

you've waited 3 and a half years since registering to make this single negative comment? way to go champ!

[mandelbrot]

Originally Posted by stompk

http://www.bloomberg.com/news/2012-0...es-as-cio.html

I'd be willing to bet the Queen has a private tunnel to that building.

Bloomberg should stick to doing infomercials for Facebook.

Here's a good perspective on what is/was going on:

http://dailyreckoning.com/a-big-oops-at-jp-morgan/

JP Morgan’s costly error was the result of “reaching for yield,” just like retirees all over the US are doing. When traditional fixed income securities like Treasuries and CDs provide almost no yield whatsoever, the only remaining option is to reach in to riskier markets to try to find some yield. Reaching for yield — overpaying for income-producing securities in a low-rate environment — usually leads to a painful tumble off the proverbial ladder.

As part of the banking crisis fallout, the Federal Reserve pushed interest rates down close to zero, and is telling investors to expect zero rates until 2014. Savers will have gone six years without interest income, all so the Fed can implement its grand experiment to rebalance portfolios away from cash and US Treasuries.

“We’ll buy the Treasuries,” the Fed implicitly says to investors, “so you can push up the stock market to create a wealth effect for the economy.” This begs the question: What happens if the Fed decides to unwind its gigantic Treasury portfolio? Wouldn’t that reverse the stock market wealth effect at warp speed? The answer is yes, but here’s the dirty secret: The Fed is never going to unwind its portfolio. It’s going to be forced by investors (and Congress) to keep the reserves it has injected into the banking system intact, so it can keep rates low on the US national debt. That’s why we’ve been looking for short ideas that would suffer in an environment of rising commodity costs.

JPM’s conference call was a stark reminder that investing in large derivatives-trading banks (the “Too Big to Fails”) is investing in a volatile cocktail of credit risk. Executives manage this credit risk with minimal disclosure about what types of risk they’re taking. “Just trust us,” is what they say. “We have sophisticated ‘Value at Risk’ models managed by rocket scientists,” they say. As you recall from the financial crisis, this was a formula that blew up spectacularly.

Jamie Dimon was very defensive and combative in response to questions on the call. He couldn’t provide specifics about the mark-to-market loss lurking in the CIO trading books — for obvious reasons: Other traders on Wall Street, like sharks smelling the scent of blood, would make JPMorgan’s exit from these underwater derivatives positions an even-more painful experience, while pocketing derivatives trading profits.

We won’t know any more detail until JPM reports its second quarter, when Dimon promised to provide more detail — presumably after unwinding the losing trades. This episode is one of many flashing signs that the global banking system is more fragile than advertised. JPM has built a reputation as one of the better risk managers among the world’s largest banks. If JPM had this surprise, what derivatives accidents lie in wait at other banks? With the eurozone on the verge of heightened drama and bank restructurings, I don’t think stock market bulls want to find out.

[mushroomhead]

Originally Posted by stompk

http://www.theepochtimes.com/n2/busi...de-215267.html

The situation is far worse than anyone can imagine...The reason the major collapse didn't occur last year like Meredith Whitney predicted, is because
the Federal Reserve was covering the payments through printing money.

But this has had a major effect on the value of the dollar, causing everything to become more expensive, and decreasing the income of local and state govts intake through property taxes. A catch-22.

Now, the insurance companies that back these bonds are going bankrupt..

I give it six months. I think this is why the govt is building bunkers. They have been hoarding, knowing full well that this would come about, most likely bringing a martial law/civil war to the US..Propagating the 2012 Mayan theory to prepare the public for a catasrophic event in 2012...

so you going on a bender with what cash youve got , no point looking forward or saving it i guess

[fingersync]

Originally Posted by stompk

http://www.theepochtimes.com/n2/busi...de-215267.html

The situation is far worse than anyone can imagine...The reason the major collapse didn't occur last year like Meredith Whitney predicted, is because
the Federal Reserve was covering the payments through printing money.

But this has had a major effect on the value of the dollar, causing everything to become more expensive, and decreasing the income of local and state govts intake through property taxes. A catch-22.

Now, the insurance companies that back these bonds are going bankrupt..

I give it six months. I think this is why the govt is building bunkers. They have been hoarding, knowing full well that this would come about, most likely bringing a martial law/civil war to the US..Propagating the 2012 Mayan theory to prepare the public for a catasrophic event in 2012...

Close..the USA is on the verge of a Populist Revolution. As in France in 1789, the elite had so lost touch with the masses that insurrection seemed inconceivable. The wheel has turned. The Global multinationals are expecting another round of good returns documented on their balance sheet of 1929.

.................................................. .................................
Chou En Lai was reportedly once asked what he thought was the historic impact of the French Revolution. After considering the question for a moment he replied:
It's too soon to tell.

[ritchs]

Originally Posted by apollo_gnomon

A username registered in 2008 with 3 posts? Obviously, someone's spare username. A sock.

Look at recently "inactive" or "banned" users in currently active threads and draw your own conclusions.

Good observation, why wouldn't they have sleeper trolls

They have people paid to infest and derail treads, jeez, isn't that obvious.
They have enormous operating budgets to data mine facebook, and now using fly over drones. Why not an inexpensive sock?


Paid cretins that think they are defending cyberspace, what a laugh

[apollo_gnomon]

They have people paid to infest and derail treads, jeez, isn't that obvious.

Any ideas on how one would go about infiltrating them from the other side?

[ritchs]

Originally Posted by apollo_gnomon

Any ideas on how one would go about infiltrating them from the other side?

Haha lol thats a good one. We could join right and left wing nut forums that support either Romney and Obama and mention embarrassing things like the gay-bully attack and Larry Sinclair roflmao

[arcyclus]

Originally Posted by dolores1

When the pensioners and others don't receive their cheques; thats when the bubble will really burst!

I agree...somewhat.

What I think what will happen is at some point the checks will become worthless. At some point, people will realize the checks, the money, will be worth much less next payday.

For those who have money, there will be panic buying, which with bid prices up even higher.

Then comes the mayhem. Mayhem like you never imagined.

IMO, there is no need to nuke the US, all that is needed is for it to stay on the course it is on.

Unless of course you believe in, divine intervention?

Good luck with that!

[whatthisis]

Originally Posted by arcyclus

I agree...somewhat.

What I think what will happen is at some point the checks will become worthless. At some point, people will realize the checks, the money, will be worth much less next payday.

For those who have money, there will be panic buying, which with bid prices up even higher.

Then comes the mayhem. Mayhem like you never imagined.

IMO, there is no need to nuke the US, all that is needed is for it to stay on the course it is on.

Unless of course you believe in, divine intervention?

Good luck with that!

i do believe in divine intervention. i've experienced it more than once, so i know it exists! maybe it will happen in some form because it is so badly what we need in this country.

[forrest22]

Originally Posted by glyix

This is not going to happen. The current financial system will collapse, because the current people in power don't have any power anymore. But the collapse will only last a month or two until the new system is online. So don't worry.



You have the 2012 Mayan prophecy all backwards. You see, look at the mainstream media and what they say about the Mayan prophecy. They basically say there will be some huge catastrophic event that is going to wipe out humanity.
That is what they want to happen.
What is really going to happen is a golden age will be upon us. So quit worrying, its all good

The golden age will come AFTER Massive Natural and man made disasters
people need to stop reading from new age 1970s hippies.. we need to get real and be prepared for the so called darkest period in mankind history

[whatthisis]

i'm speaking from direct experience, i haven't read any hippy books. i don't have any use for those.

[scottishryan]

Originally Posted by paradigm

and iv just noticed iv been a member longer than you. So dont go actin like u know it all. Its obvoius you are a paid troll or incredibly sad and lonely. but i find it interesting how you think the talmud and torah are fabolous reading. trash , just like the people who read em.

Emm excuse me but who rattled your little cage?

Take it School is out?

[dolores1]

Can we take it that some people are just on a different paradigm and allow them to follow their path please?


This thread needs to get back on track as there is so much info coming out of the USA about their fraudulent practices and HSBC etc!

[sorath]

I am going to Florida on holiday in September 2012. it would be just my luck for the shit to hit the fan whilst I am there. Probably on my birthday too - September 11th