Economic Crises

Mahatma coat · 23-09-2008 4:45am

So Morgan Stanley and Goldman Sachs get to become real banks instead of investment banks, what does this mean for the average punter?

Flamed Diving · 23-09-2008 6:24pm

Mahatma coat wrote: »

It's obvious you've never studied economics.

Those who live in glass houses...

You haven't a bulls notion of economics. Its just laughable that you would say that to another person. Laughable. Ha!

Mahatma coat · 23-09-2008 11:24pm

can you point out where I said that and who I said it to?

now are you, in your capacity as someone who knows loads about Economics, going to answer any of the questions I asked?

Flamed Diving · 24-09-2008 1:02am

All you have to do is click the arrow, to the right of the quote.

There are lots of questions above, care to narrow it to one or two?

Mahatma coat · 24-09-2008 1:40am

Ah Context is everything, I think you will find that I was Quoting UCD Econ there, sorry that you were unable to understand the nuances of that post but tis like cut and paste of other quotes from other people

Name - Quote
Name - Quote

etc etc

should probably have used multiquote but it was stuff I pooled from otrher threads

questions, right, lets start with the last 2 there and work back

Mahatma coat · 24-09-2008 6:41am

Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.

This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.

Yours Faithfully Minister of Treasury Paulson

:D:D

Kama · 24-09-2008 11:24am

Hahahahaha...

That's actually pretty funny, 419 Banksters hehe...

Flamed Diving · 24-09-2008 1:28pm

Mahatma coat wrote: »

Ah Context is everything, I think you will find that I was Quoting UCD Econ there, sorry that you were unable to understand the nuances of that post but tis like cut and paste of other quotes from other people

Name - Quote
Name - Quote

etc etc

should probably have used multiquote but it was stuff I pooled from otrher threads

questions, right, lets start with the last 2 there and work back

I had a quick scan, and I cant see what questions you refer to?

Mahatma coat · 25-09-2008 12:19am

OK I'll play,

POSTS #31 & #32 were phrased as Questions.

course you knew that, you silence on this seems to indicate that

"You haven't a bulls notion of economics."

Diogenes · 25-09-2008 2:25am

Mahatma coat wrote: »

OK I'll play,

POSTS #31 & #32 were phrased as Questions.

course you knew that, you silence on this seems to indicate that

"You haven't a bulls notion of economics."

You may have noticed that pretty much the entire world were asking the "where is this $700 billion coming from" and right now Bush hasn't got an answer.

If the money markets worked in the manner you think, he could just invent this money, they don't. And the financial markets are sobering up to this fact.

Yes Mahatma the markets bounced when the aid package was announced, and the markets responded in kind in a sort of self fulfilling prophecy (Bush promises to save the market, ergo the market things it's saved and rises).

Look you want me to say the system isn't over exposed to this sort of nonsense? I can't. But you promised to lay out alternatives last weekend. I for one would badly like to hear one.

Flamed Diving · 25-09-2008 2:34am

Mahatma coat wrote: »

OK I'll play,

POSTS #31 & #32 were phrased as Questions.

course you knew that, you silence on this seems to indicate that

"You haven't a bulls notion of economics."

Just for that ****, I'm not going to entertain your 'legitimate questions'.

Diogenes · 25-09-2008 3:11am

Flamed Diving wrote: »

Just for that ****, I'm not going to entertain your 'legitimate questions'.

Honestly as a source for sound economic advice, Mahatma is running a distant last place behind Sarah Palin, which, in itself, is impressive.

Mahatma coat · 25-09-2008 7:23am

Flamed Diving wrote: »

Just for that ****, I'm not going to entertain your 'legitimate questions'.

of course thats the reason

nothing to do with the fact that you lack the ability to do anything more than nitpick other posts and attempt snide comments alluding to your 'knowledge' of economics.

Flamed Diving · 25-09-2008 3:15pm

Mahatma coat wrote: »

of course thats the reason

nothing to do with the fact that you lack the ability to do anything more than nitpick other posts and attempt snide comments alluding to your 'knowledge' of economics.

Well I guess my years of schooling and recognised qualifications in the field are nothing compared to an INTERNET researcher. I bow my head to your superior youtubing abilities.

Mahatma coat · 26-09-2008 12:58am

Flamed Diving wrote: »

Well I guess my years of schooling and recognised qualifications in the field are nothing compared to an INTERNET researcher. I bow my head to your superior youtubing abilities.

well done on derailin the thread, yet another fine example of you putting your vast economic knowledge to good use and providing us with

Flamed Diving wrote:

should we look forward to more along the same lines from you from now on

Time Magazine · 26-09-2008 3:31pm

Diogenes wrote: »

you promised to lay out alternatives last weekend. I for one would badly like to hear one.

Mahatma coat wrote: »

Flamed Diving wrote:

should we look forward to more along the same lines from you from now on

Right.

Kama · 26-09-2008 5:26pm

Less QQ? Refusing to talk doesn't seem to accomplish much...

Any opinions on any of the alternatives to Paulson's unlimited power, above-review, proposal? Any epeenion on Dodd's plan, or Bernie Sanders? Paulson's Plan is getting pretty record levels of objection from people, from what can see. The opportunity cost of the bailout is pretty big, no?

Mahatma coat · 26-09-2008 11:16pm

Paulsons plan is fairly retarded, lets fix inflation by adding more money to the economy

first one of the candidates to pledge to print US Debt Free money will win.

the Global economy needs to be let die, the poor people will be poor anyway and I dont see why property speculators and Bankers should be bailed out.

what was the phrase, 'Privatised Profits, Socialised Losses'

Kama · 26-09-2008 11:23pm

first one of the candidates to pledge to print US Debt Free money will win.

In that parallel reality, Ron Paul would be President already...

Mahatma coat · 26-09-2008 11:29pm

damm straight, tis a shame they didnt pick him over McCain

Diogenes · 27-09-2008 2:05am

Kama wrote: »

In that parallel reality, Ron Paul would be President already...

Herding a pack of elephants onto wall street each lead by monkeys juggling lit sticks of dynamite is the only thing that I think could be worst for the world right now.

Ron Paul is a deluded charlatan.

Diogenes · 27-09-2008 2:07am

Mahatma coat wrote: »

damm straight, tis a shame they didnt pick him over McCain

Yeah dead shame, such a close race he came it, what? A distant 9th? So anywho Mahatma your plan to make the world a better place, now you've had a week.

Flamed Diving · 27-09-2008 4:27am

I'm still waiting to hear this alternative..

Surely the youtube researchers can come up with one.

Économiste Monétaire · 27-09-2008 1:11pm

Mahatma coat wrote: »

UCD Econ - He probably stopped posting in the thread because you don't have an open opinon (there HAS to be a conspiracy theory), nor do you understand anything he says because you've not even got basic economic knowledge. It is same as trying to explain banking and monetary theory to a dog. The dog just keeps barking at you.

It's a complicated field. Pick up a book rather than trying to insult those who are educated. It's obvious you've never studied economics.

That was in response to you badgering someone for answers to monetary thought, just to put it in context. By the way, I noticed you stopped posting in that thread soon after that post, so I find it amusing that you would even link it, when it became apparent you couldn't even buy a clue about the subject matter.

Mahatma coat wrote: »

So Morgan Stanley and Goldman Sachs get to become real banks instead of investment banks, what does this mean for the average punter?

Not a whole lot, unless you want to open up a deposit account with them. There will be less opportunity to make quite substantial returns due to their reclassification and subsequent oversight by the FED/SEC. What will the bailout mean in general for the average punter? Most likely it will ease interbank markets and, thus, ease the pressure on mortgage rates.

Also, you're delusional if you think Flamed Diving knows nothing of the economics field.

d0gb0y · 27-09-2008 11:45pm

Global Monetary Authority

Apart from all the semi-covert consolidation going on in banking and finance at the moment, here is another thing to raise its head during the crisis

article from before the start of the meltdown
http://us.ft.com/ftgateway/superpage.ft?news_id=fto060820081850443845

article from thursday the 25th
http://www.ft.com/cms/s/0/7caf543e-8b13-11dd-b634-0000779fd18c.html?nclick_check=1

There is also Gordon Browns speech to the UN which alludes to the agenda.
hhhmmm problem, reaction, solution

Run_to_da_hills · 28-09-2008 1:15am

d0gb0y wrote: »

Global Monetary Authority

Apart from all the semi-covert consolidation going on in banking and finance at the moment, here is another thing to raise its head during the crisis

article from before the start of the meltdown
http://us.ft.com/ftgateway/superpage.ft?news_id=fto060820081850443845

article from thursday the 25th
http://www.ft.com/cms/s/0/7caf543e-8b13-11dd-b634-0000779fd18c.html?nclick_check=1

There is also Gordon Browns speech to the UN which alludes to the agenda.
hhhmmm problem, reaction, solution

I am currently looking through an book written in 1982 called “The new money system” On page 183 the author predicted that a new Global authority would take over after a major economic crash. It talks of governments after Governments going bankrupt with nations lining up to default on repayments on loans with banks on the brink of disaster.

It said the initial agenda of this new global money authority would be a total cashless system based on plastic cards containing magnetic strips!!. Little did the author know about smart cards. The book quotes from an article in business week written in April 18th 1977, "If there's just one card... It will be issued by the Government". (Sounds very familiar

).

She also said that the UPC barcode would play a major part in the new global financial system. In 1981 the Barcode was voluntary and only appeared on a hand full of consumer goods. It will be replaced in the not so distant future by e_tagging.

Mahatma coat · 30-09-2008 1:39am

so they decided that the Bail out was a Stupid idea

Who'd a thought it eh?

time to sit back shore up the defences and wait it out.

Kama · 30-09-2008 12:31pm

Initial Paulson Plan deserved to be thrown out; happy 'bout that republican rebellion is me. Dodd's modified plan wasn't as bad; it at least had some oversight and a potential upside for taxpayers.

It was driven as 'panic policy'; loevly Daily SHow comparison of it and Iraq being justified by Bush, almost exactly the same line of argument...NOW NOW MUST BE NOW!

Never mind, oh, the constitutional problems of giveing a publi servant non-reviewable powers that aren't subject to oversight or any of that malarkey. Cheeky bugger. Dodd at least pushed for a clawback, where they could review the books and claw back money based on incidences of financial fraud...

bonkey · 30-09-2008 8:11pm

Mahatma coat wrote: »

so they decided that the Bail out was a Stupid idea

Absolutely. You're dead right. There's no possibility that they decided that the deal on the table was not acceptable...nope...they decided that any deal would be unacceptable.

Thats why they've abandoned discussions and have given up on the idea of a bail-out.

Smudgeyboy · 30-09-2008 10:35pm

I wonder if all this bailing/buying out will lead to one big bank...who knows? Haha

Economic Crises

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