Stock and/or US dollar collapse this week?

slimboyfat

What do you reckon? Lots of talk about the possibility in the last year or so. Is it a matter of when rather than if at this point? I think we could have a dramatic week ahead of us, perhaps to rival the collapse of Lehman Brothers last year.

A lot of people still seem oblivious to just how close the world economy came to systemic collapse in September/October. See from 2 mins in:

http://www.youtube.com/watch?v=-xKPcyvlfnc

http://news.bbc.co.uk/1/hi/business/7796329.stm

But we are not out of the woods yet. I fear the worst is yet to come.

How many here are keeping their savings under the mattress and stocked up on tinned food?

cameo-d

Has anyone noticed that their credit card payments have "gone missing" and have not been recorded?

Warlock

No matter what this jackass, or any other jackass of the R party says, THOSE WHO CAUSED THE PROBLEM ARE THE SAME PEOPLE THAT ARE IN CHARGE OF THE RECOVERY.

What SHOULD be done to these people would violate the posting rules of this forum.................but it IS coming.

Warlock

IP_SEC

I dont think so, but if the stealfromus package passes, watch out.

800k,k,k new dollars? I shutter. Mayhaps the recipients will have to hold their checks in staggered fashion. Think they thought of that? I don.

IP_SEC

Is it a matter of when rather than if at this point?

Yes. Something that most people dont understand is that "the economy" is a bubble. Under the current system, it is always a matter of when not if. The current system is not sustainable. It must burst from time to time. Even if that burst takes 70 or 80 years to build up.

It is upon us.

cameo-d

Is this helpful?

2009

The list of Bank Failures and Assistance Transactions is updated through February 6, 2009. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662).

February

County Bank, Merced, California, with approximately $1.7 billion in assets was closed. Westamerica Bank, San Rafael, California has agreed to assume all deposits (approximately $1.3 billion). (PR-19-2009)

Alliance Bank, Culver City, California, with approximately $1.14 billion in assets and approximately $951.0 million in deposits was closed. California Bank & Trust, San Diego, California has agreed to assume all deposits. (PR-18-2009)

FirstBank Financial Services, McDonough, Georgia, with approximately $337.0 million in assets was closed. Regions Bank, Birmingham, Alabama has agreed to assume all deposits (approximately $279.0 million). (PR-17-2009)

January

Ocala National Bank, Ocala, Florida, with approximately $223.5 million in assets and approximately $205.2 million in deposits, was closed. CenterState Bank of Florida, Winter Haven, Florida has agreed to assume all non-brokered deposits. (PR-14-2009)

Suburban Federal Savings Bank, Crofton, Maryland, with approximately $360.0 million in assets was closed. Bank of Essex, Tappahannock, Virginia has agreed to assume all deposits (approximately $302.0 million). (PR-13-2009)

MagnetBank, Salt Lake City, Utah, with approximately $292.2 million in assets and approximately $282.8 million in deposits was approved for payout by the FDIC Board of Directors. (PR-12-2009)

1st Centennial Bank, Redlands, California, with approximately $803.3 million in assets and approximately $676.9 million in deposits was closed. First California Bank, Westlake Village, California has agreed to assume the non-brokered insured deposits. (PR-7-2009)

Bank of Clark County, Vancouver, Washington, with approximately $446.5 million in assets and approximately $366.5 million in deposits was closed. Umpqua Bank, Roseburg, Oregon has agreed to assume the non-brokered insured deposits. (PR-6-2009)

National Bank of Commerce, Berkeley, Illinois, with approximately $430.9 million in total assets and $402.1 million in total deposits, was closed. In addition to assuming all of the failed bank's deposits, Republic Bank of Chicago, Oak Brook, Illinois agreed to pay a discount of $44.9 million, and will purchase approximately $366.6 million of assets. The FDIC will retain the remaining assets for later disposition. (PR-5-2009)

2008 2007 2006 2005 2004 2003 2002 2001

http://www.fdic.gov/bank/historical/bank/index.html

hubert

I think a good sign for the "end of this system" is California handing out iou's instead of tax refunds. If this catches on, we are in big trouble.

It'll be the crash of '09, and it will be bigger than the '29 one.

Hubert

Warlock

hubert,

Seeing as you are the man who just scares me with his name, what I will tell you, and I will tread lightly, is this, 2008 WAS a crash and more will come.

Remember that the great depression was not just a 1929 event, and neither is this just a one, or two year event.

Things are going to get real bad and I'll give you just a few, of many, reasons: The bond market has not collapsed, a major currency has not collapsed, and the biggest of them all, the derivatives market has not collapsed...............................YET.

Warlock

yadda yadda 2

Well, I have to say that Robert King (e-watchman) was absolutely right to put so much stock in Lyndon LaRouche all these years, irrespective of what you make of Robert King otherwise. LaRouche's predictions have proven spot on so far.

As Warlock says, this is only the beginning.

cameo-d

You might want to check out what former Congressman Daniel Hamburg has to say

about the National Emergency Centers Act.

Stock and/or US dollar collapse this week?

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