BSC Bailout= Tipping Point

[remnant]

The Time for preparation is drawing to a close.I have urged everyone I know to own some portable wealth in metal form for years.At this point,you must have at least a month's cash lying around at all times.Access to working ATM's may be sporadic over the course of this Spring and Summer;

The Bear Stearns collapse is a BIG deal. Bear has always been known as the Premier Risk Manager on th Street, as the Largest Prime Broker and clearing agent for Hedge Funds.As such , they were a major " counterparty" to a large share of the OTC derivative business.This is why they had to be bailed out- to stem a cascading run on ALL the Investment Banks.The OTC Derivative biz is many times larger than the FED and all the Central Banks combined. The Jewsmedia is making it out to be an Isolated Mortgage problem.IT IS NOT ISOLATED TO MORTGAGES AND HOUSING....Believe me, as one who has done business with BSC in the past, IF THEY CAN"T QUANTIFY THEIR RISK ;NO ONE CAN !

Prediction: In the next six weeks, we will witness a " financial restructuring" unlike anything since the 1930's...Literally,anything is possible including confiscaton af assets.Historically, when these events start in moton,they proceed faster than anyone expects or can adapt to.Get some $ out TODAY.

Monty Guild:

"We are watching the biggest panic in global financial markets that has occurred in my 65 years of life and 50 years of stock, bond and commodities investing.

It’s the Saint Patrick’s Day weekend and old Saint Patrick would probably be fascinated to see all the rich and worldly people running around in a panic.




Yesterday, JP Morgan and the U.S. Federal Reserve began a credit lifeline to Bear Stearns. This is a long and complicated story but I will attempt to summarize.

Bear Stearns had a run much like the bank runs of the late 19th and early 20th centuries. It had something to do with Bear Stearns itself but not as much as you would think if you were an average, fairly sophisticated citizen with some understanding of how the financial markets work.

I believe that most financial professionals may not completely understand what is happening. The lifeline and financing was done not to protect Bear Stearns alone but to protect the entire global banking system.

Bear Stearns is a PRIMARY DEALER IN U.S. GOVERNMENT BONDS. This is a very small and very important club. They have also been a leader in the business of prime brokerage and in the field of trade settlement and clearing - two very profitable mostly fee-based businesses that have been the envy of many other financial institutions. These have been their cash cows and very attractive businesses that have long been sought by other buyers.

Although Bear Stearns is quite large, it is the smallest of the top U.S. government bond dealers. So if someone wants to attack the system they will attack the smallest of the truly powerful bond houses. Bear Stearns, like all major mostly bond dealers and traders, also trades in mortgage bonds and derivatives and this is where its problems arose.

Bear Stearns' CEO said on Wednesday that the company was well capitalized and that its balance sheet is strong. I believe he was telling the truth. However, they are not immune to a run on the bank. IN FACT, NEITHER IS ANY OTHER MAJOR BANK OR INVESTMENT BANK IN THE ENTIRE WORLD.

BEAR STEARNS AS A PRIMARY DEALER CANNOT BE ALLOWED TO FAIL WITHOUT UNDERMIINING THE CONFIDENCE IN THE U.S. AND THE WORLD FINANCIAL SYSTEM.

BEAR STEARNS WAS PROTECTED FROM FAILING TO MEET ITS COMMITMENTS TO COUNTERPARTIES BECAUSE TO LET A PRIMARY DEALER FAIL WOULD MEAN A RUN ON EVERY MAJOR BANKING AND INVESTMENT BANKING INSTITUTION IN THE DEVELOPED WORLD. AND THAT WOULD ALMOST CERTAINLY LEAD TO A MASSIVE GLOBAL DEPRESSION. THIS IS MY CONSIDERED AND FIRM OPINION.

CONCLUSION

Events seem to be validating the opinion that Jim Sinclair and I have been propounding on these pages for a long time.

NO MAJOR U.S. BANKING INSTITUITON WILL BE ALLOWED TO FAIL TO MEET ITS COMMITMENTS TO DEPOSITORS AND COUNTERPARTIES. To do so would be an admission of defeat by the governmental agencies and institutions that exist to prevent events like these from happening including the Great Depression of the 1930’s.

CENTRAL BANKS EVERYWHERE HAVE NO OPTION BUT TO REFLATE AND SUPPLY LIQUIDITY TO THE WORLD FINANCIAL SYSTEM. FURTHERMORE, THEY HAVE BEEN DOING THAT SINCE THE CRISIS BECAME OBVIOUS ABOUT 6 MONTHS AGO.

All of the themes that I said had to be fulfilled to solve the problem are not yet finalized. But congress is working to create an agency to buy bad loans and the U.S. Federal Reserve has been doing it for months now.

Some countries have been slower than others to recognize the problem. But now all do and they will make haste with liquidity, government bail out programs for banks, bank nationalizations if necessary, government aid to mortgage holders and many other programs designed to get the problem behind us as soon as possible and to buy votes in the process.

WHAT LIES AHEAD?

THE SHORT ANSWER TO WHAT THE FUTURE HOLDS IS MORE INFLATION, HIGHER GOLD PRICES, HIGHER COMMODITY PRICES AND A LOT LOWER PRICES FOR BONDS."

http://www.jsmineset.com/

[remnant]

OMFG;

Reports are coming in that JPM is buying BSC for $2 in stock!!!!
Unbelievable; I'm going back to the ATM right now.

[remnant]

It was just last Monday that former Bear Stearns CEO "Ace" Greenberg responded on CNBC to the rumor that Bear faced a liquidity crisis: "It's ridiculous, totally ridiculous."

Bear Stearns (BSC) CEO Alan Schwartz was on CNBC this morning to dispel rumors of a liquidity problem at the company. Mr. Schwartz went on to say that the company's liquidity position remains relatively unchanged since last November

:[]

Ace:


Ace is the cousin of criminal Jew ,insurance mogul Hank Greenberg :[]:



He was accused by former New York Attorney:[] Eliot Spitzer of setting up improper investment vehicles to help companies cover up losses, but was never indicted.

Billionaire fraudster Hank Greenberg, afraid that he would be prosecuted by New York Attorney General Eliot Spitzer, decided to make an end run around any future disgorgement of AIG shares by attempting to shield his assets by giving them to his wife.

Greenberg, who resigned as president and CEO of AIG, one of the largest insurance companies in the world, transferred 41.4 million shares (worth $2.2 billion at Tuesday's closing share price of $53.20) to his wife, Corinne P. Greenberg, according to the SEC filing

Greenberg himself held 1.95 million shares after the transfer.

Greenberg also holds another 23.65 million AIG shares through an offshore subsidiary, C.V. Starr & Co. Inc.,

Family of Jew crooks intimately involved in the WTC demo:

Greenberg is the son of Maurice R. Greenberg, CEO of New York-based American International Group (AIG), and the brother of Evan Greenberg, CEO of Bermuda-based ACE.

:[] Three Jews, three major insurance companies involved with the WTC;One Jew prosecutor digging up dirt-now disgraced by Jew run prostitution ring

More to follow-

[Itz_molecular]

Originally Posted by remnant

WHAT LIES AHEAD?

THE SHORT ANSWER TO WHAT THE FUTURE HOLDS IS MORE INFLATION, HIGHER GOLD PRICES, HIGHER COMMODITY PRICES AND A LOT LOWER PRICES FOR BONDS."

All good and informative posts, remnant .

We are going to quickly see why jews shouldn't be allowed to enter a country, much less run its banks .

Not just higher prices , but absolute shortages of items . The dollar could become so trashed that things would not be available at any price .

Since we have ZOG for a government , look for it to CONFISCATE critical items. Use your imagination .

[Alex Linder]

What the Price of Gold Is Telling Us

by Ron Paul

The financial press, and even the network news shows, have begun reporting the price of gold regularly. For twenty years, between 1980 and 2000, the price of gold was rarely mentioned. There was little interest, and the price was either falling or remaining steady.

Since 2001 however, interest in gold has soared along with its price. With the price now over $1000 an ounce, a lot more people are becoming interested in gold as an investment and an economic indicator. Much can be learned by understanding what the rising dollar price of gold means.

The rise in gold prices from $250 per ounce in 2001 to over $1000 today has drawn investors and speculators into the precious metals market. Though many already have made handsome profits, buying gold per se should not be touted as a good investment. After all, gold earns no interest and its quality never changes. It’s static, and does not grow as sound investments should.

It’s more accurate to say that one might invest in a gold or silver mining company, where management, labor costs, and the nature of new discoveries all play a vital role in determining the quality of the investment and the profits made.

Buying gold and holding it is somewhat analogous to converting one’s savings into one hundred dollar bills and hiding them under the mattress – yet not exactly the same. Both gold and dollars are considered money, and holding money does not qualify as an investment. There’s a big difference between the two however, since by holding paper money one loses purchasing power. The purchasing power of commodity money, i.e. gold, however, goes up if the government devalues the circulating fiat currency.

Holding gold is protection or insurance against government’s proclivity to debase its currency. The purchasing power of gold goes up not because it’s a so-called good investment; it goes up in value only because the paper currency goes down in value. In our current situation, that means the dollar.

http://www.lewrockwell.com/paul/paul445.html

[Franco]

Does anyone know if Alan Schwartz, the CEO, is Jewish? Please provide a URL link. [As you know, a surname alone isn't proof].




-----------------------------

[Kievsky]

Originally Posted by Franco

Does anyone know if Alan Schwartz, the CEO, is Jewish? Please provide a URL link. [As you know, a surname alone isn't proof].




-----------------------------

I'd say it's about 99.99% likelihood that Alan Schwartz is a Hebrew. I heard from a local tycoon type that Bear Stearns is actually an Orthodox Jew outfit.

[Itz_molecular]

Originally Posted by Alex Linder

What the Price of Gold Is Telling Us

by Ron Paul

It’s more accurate to say that one might invest in a gold or silver mining company, where management, labor costs, and the nature of new discoveries all play a vital role in determining the quality of the investment and the profits made.

That's if you lived in a nation that respected private property and wasn't inclined to confiscate valuable assets . Shades of 1933 .

[remnant]

Originally Posted by Kievsky

I'd say it's about 99.99% likelihood that Alan Schwartz is a Hebrew. I heard from a local tycoon type that Bear Stearns is actually an Orthodox Jew outfit.

Obviously, most likely a Jew-However, Schwartz was new; Jimmy Cayne was the longtime Goy Front ( Irish, I believe) for Bear,and a major shareholder.It would not surprise me if Ace and the other Kikes left him holding the bag . Another interesting point: They also tried to bag the Chinese into buying a major stake in the firm:

"China Citic Bank is in discussions that may lead to it acquiring a stake in Bear Stearns, a senior Chinese regulator said Tuesday. The remark was the first official confirmation of media reports that state-run Citic is considering an investment in the Wall Street firm."
http://dealbook.blogs.nytimes.com/20...rssnyt&emc=rss

This is not exactly going to bolster foreign confidence in our fraud markets...
Of course the Chinks are the main financiers of our Govt. Debt

Schwartz just replaced Warren Spector , seated here( right of speaker) at the UJA Dinner:



Ace Greenberg,the longtime head of the firm, is an ardent Zionist and benefactor of Organized Jewry.



(L to R) Jerusalem Post Executive Editor Amotz Asa-El, Alan C. Greenberg of Bear Stearns and Andrew Wilshinsky of Smith Barney Inc.

From the Jewish National Fund Fundraiser,supporting settlement projects in Israel.



IM: I believe food shortages are actually coming,if we have some drought conditions this Summer.Stocks are historically low right now for wheat and rice; Historically, these conditions have lead to civil unrest and political upheaval; Should be interesting in light of what's going on in Tibet right know.The Chinese don't want the World to see their true colors during the Olympics, but it may be unavoidable; It's going to be an interesting year.

[Alex Linder]

Which bank is going to follow the Bear?
Suzy Jagger, Christine Seib and Miles Costello

So who is next? As advisers to Bear Stearns struggle to find a buyer or funding in the next 28 days, Wall Street, the City and the financial district in Tokyo were scrabbling to find out who is the most exposed to Bear Stearns, either through loans or trading positions.

Traders in all three centres were panicking even for those banks not directly exposed to Bear. They feared that the problems experienced at the stricken bank signalled that the credit crisis has deteriorated to a new level.

Yesterday, traders began to look anxiously at the robustness of Lehman Brothers, which, although bigger than Bear, is small compared with JPMorgan Chase, Morgan Stanley and Citigroup.

http://business.timesonline.co.uk/to...cle3556815.ece

[remnant]

Lehman(Schiff) is next; probably this week.

Read on another board:



In the Event of a Bank Holiday -- b_w, 01:14:24 03/17/08 Mon
Its probably a good time to read the fine print on your bank account "contract". Last time I did it said they can withhold your funds for up to 90 days.

It may take them that long to figure out what Asian nation has your money

[Alex Linder]

From lewpieblog



Today the Fed is funneling funds to Bear, Stearns, a failing Wall Street investment banker. There is no reason why the firm should not have been let fail. Its customers and lenders were abandoning it in a vote of no confidence. Why shouldn't failures fail? The firm's stock fell sharply and it will probably fail or be absorbed anyway. If Bear could not pay its borrowings to others, should they not suffer and feel the pangs of their errors? If Bear had to liquidate securities, should they not find a price at which investors are willing to hold them? Let the bankruptcies roll! Why is Bear favored and not others? How can a financial system in which risk plays a key role be insulated against downside risks when they come to pass? Only by shifting them to taxpayers. Main Street's distrust of Wall Street is due for a resurgence now that the open and corrupt alliance between the Fed and its Wall Street favorites is coming out into the open. The spectacle of one bailout after another is disgusting and dismaying. The Fed is doing everything it can to prolong the financial difficulties and heighten their impact.

[Alex Linder]

Dollar plunge sets off global alarm bells

By Ambrose Evans-Pritchard
Last Updated: 12:07am GMT 16/03/2008

The dollar has plummeted against all major currencies on dire US retail sales and fears that the Federal Reserve may need to slash interest rates further to stop the downward spiral in the credit markets.

The greenback broke below 100 yen in a day of wild trading, setting off alarm bells at Japan's Keidanren industry lobby. It touched a record $1.5620 against the euro and came within a whisker of parity with the Swiss franc for the first time in history.

The plunge came amid an investor flight into commodities, seen as a way of insulating wealth from the dollar's decline. In the US, crude oil reached a record $111 a barrel despite rising inventories.

http://www.telegraph.co.uk/money/mai...-mostviewedbox

[Alex Linder]

Bearly Alive

by Mike Whitney

On Friday, Bear Stearns blew up. It was the worst possible news at the worst possible time. A day earlier, the politically-connected Carlyle Capital hedge fund defaulted on $16.6 billion of its debt. Carlyle boasted a $21.7 billion portfolio of AAA-rated residential mortgage-backed securities, but was unable to make a margin call of just $400 million. (Where did the $21.7 billion go?) The news on Bear was the last straw. The stock market started reeling immediately; shedding 300 points in less than an hour. Then, miraculously, the tide shifted and the market began to rebound.

If there was ever a time for Paulson's Plunge Protection Team to come to the rescue; this was it. For weeks, the markets have been battered with bad news. Retail sales are down, unemployment is up, consumer confidence is in the tank, inflation is rising, the dollar is on the ropes, and the credit crunch has spread to even the safest corners of the market. Facing these fierce headwinds, Washington mandarins and financial heavyweights had to decide whether to sit back and let one small investment bank take down the whole equities market in an afternoon or stealthily buy a few futures and live to fight another day? Tough choice, eh?

We'll never know for sure, but that's probably what happened.

http://www.lewrockwell.com/orig8/whitney10.html

[Alex Linder]

Why Aren't We Furious?

A few nights ago, at the end of a day devoted to productive and pacific pursuits, after you had surrendered to a few hours of well-earned sleep, the people who presume to rule us raided your bank accounts.


No, I'm not referring to the Regime's ability to monitor your financial transactions, a power displayed to dramatic effect in the prostitution sting that ended Eliot Spitzer's lamentable career. Yes, you've probably been subject to totalitarian scrutiny of that sort at some point as well, but that's a topic for another occasion.


Right now, I'm talking about the Federal Reserve's most recent wealth redistribution plan, through which hundreds of billions of "dollars" will be created in an effort to stave off bank failures -- an effort that will not succeed.


To create this so-called "money," the Fed has to steal the value of what each of us has earned, saved, or invested.


Imagine how outraged you would be to learn that a thief had stolen your identity and used it to siphon your savings in small, subtle increments, until you and your family are driven into destitution.

http://freedominourtime.blogspot.com...e-furious.html

[Alex Linder]

Firsts in the neo-depression

http://www.lewrockwell.com/latulippe/latulippe85.html

[Alex Linder]

The Fed's Desperation Move

by Gary North

I do not have a new message here; we have known for a long time that advance preparation and a strong balance sheet are the keys to riding out a financial storm. As I have emphasized before, the Federal Reserve can deal with liquidity pressures but cannot deal with solvency issues.

~ William Poole, President,
Federal Reserve Bank of St. Louis (February 29, 2008)

The Federal Reserve System announced a new program on March 11. The announcement was not quite gibberish, but it was close. This much was clear: it is a $200 billion program.

The stock market bulls thought, "Wow! That's huge! That will solve the problem!" They did not read the details of the proposal.

The announcement was an implicit admission of a looming credit crisis of monumental proportions: an unprecedented write-down of bank assets. Why? Because these assets, rated AAA by the big three ratings agencies, are nowhere near AAA. Banks are facing new rules on financial reporting: mark to market, meaning the end of the book value (face value) game that they have played for decades. This is the Financial Accounting Standards Board Rule 157. It goes into effect for banks this quarter, which ends on March 31.

Bankers are going to have to report the truth or else face criminal penalties. Why, they even might turn into Eliot Spitzer! That's what happens when you play fun and games, as accountants have been allowed to do.

The solution? Sell these promises to pay at market prices. This would have included the promises to pay issued by Fannie Mae and Freddie Mac, the two mortgage-investing companies that account for 40% of the American mortgage market, and which have accounted for at least 70% of new mortgages written over the last six months.

That solution would have brought economic reality to the investment world's attention: the AAA ratings have been overly optimistic.

The FED rushed to the rescue. It offered to auction off U.S. Treasury debt in its portfolio, which is always AAA-rated, in exchange for AAA-rated private debt. This will allow banks to transfer to the FED questionable assets in exchange for assets that cannot be downgraded in today's markets: Treasury debt.

The FASB's Rule 157 does not apply to the FED. It will not have to report a capital loss.

http://www.lewrockwell.com/north/north613.html

[remnant]

America's fifth largest bank last night became the biggest casualty so far of the global credit crunch - sold off to a rival at a knockdown $2 a share, a discount of 94% on last week when it was valued at $140bn.

The board of Bear Stearns bank approved the buyout by JP Morgan Chase for $236m after a weekend of frantic negotiations. Had the deal not been done, the bank would almost certainly have gone bankrupt.

Last night the US Federal Reserve cut the rate at which it lends money to banks and made more money available for them to secure short term loans.

George Bush is to meet the chairman of the Federal Reserve Paul Bernanke and the US treasury secretary Henry Paulson today. Paulson said: "The government is prepared to do what it takes to maintain the stability of our financial system. That's our priority."

To Democrats, though, Bush is not doing enough to help. "We're in the most serious economic problem we've been in in a very long time. The president's hands-off attitude is reminiscent of Herbert Hoover in 1929, in 1930," said Senator Charles Schumer, a New York Democrat.

The Bear Stearns chief executive, Alan Schwarz, said: "The past week has been an incredibly difficult time. This transaction represents the best outcome for all of our constituencies based upon the current circumstances."

Before the credit crunch set in, the 85-year-old bank had a market capitalisation of more than $140bn. But an evaporation in confidence culminated in a bank run by clients last week. Senior management rushed to negotiate a takeover before the start of the week's trading on Asian markets to avert mass withdrawals of funds by clients in Japan, China and elsewhere.

Fearful that a bank collapse could cause reverberations around the financial system, the US Federal Reserve is standing behind the deal with $30bn of special financing to fund Bear Stearns' less liquid assets - the first time the central bank has bailed out a brokerage firm since the 1920s. JP Morgan's chief executive, Jamie Dimon, said the tie-up meant customers could once again "feel secure" in the institution's financial viability.

On Sunday morning talk shows, Paulson said the right decision had been made: "On the one hand, you've got moral hazard, and on the other you've got what's right for the markets, what's right for the stability of the financial system and the US economy."

Rival investment banks are anxious to disassociate themselves from the plight of Bear Stearns, newly nicknamed "bad news Bear". But several will reveal problems of their own this week.

Lehman Brothers saw its shares fall 14% on Friday on news of that it had sought $2bn in fresh financing, and is expected to reveal credit-related losses of $1bn in quarterly earnings tomorrow. Goldman Sachs has so far profited from the credit crunch, but is set to disclose a $3bn writedown in the declining value of the value of its stake in the Industrial & Commercial Bank of China.
http://www.guardian.co.uk/business/2...gan.useconomy1

[George Witzgall]

Originally Posted by remnant

The Time for preparation is drawing to a close.I have urged everyone I know to own some portable wealth in metal form for years.At this point,you must have at least a month's cash lying around at all times.Access to working ATM's may be sporadic over the course of this Spring and Summer;

The Bear Stearns collapse is a BIG deal. Bear has always been known as the Premier Risk Manager on th Street, as the Largest Prime Broker and clearing agent for Hedge Funds.As such , they were a major " counterparty" to a large share of the OTC derivative business.This is why they had to be bailed out- to stem a cascading run on ALL the Investment Banks.The OTC Derivative biz is many times larger than the FED and all the Central Banks combined. The Jewsmedia is making it out to be an Isolated Mortgage problem.IT IS NOT ISOLATED TO MORTGAGES AND HOUSING....Believe me, as one who has done business with BSC in the past, IF THEY CAN"T QUANTIFY THEIR RISK ;NO ONE CAN !

Prediction: In the next six weeks, we will witness a " financial restructuring" unlike anything since the 1930's...Literally,anything is possible including confiscaton af assets.Historically, when these events start in moton,they proceed faster than anyone expects or can adapt to.Get some $ out TODAY.

Monty Guild:

"We are watching the biggest panic in global financial markets that has occurred in my 65 years of life and 50 years of stock, bond and commodities investing.

It’s the Saint Patrick’s Day weekend and old Saint Patrick would probably be fascinated to see all the rich and worldly people running around in a panic.




Yesterday, JP Morgan and the U.S. Federal Reserve began a credit lifeline to Bear Stearns. This is a long and complicated story but I will attempt to summarize.

Bear Stearns had a run much like the bank runs of the late 19th and early 20th centuries. It had something to do with Bear Stearns itself but not as much as you would think if you were an average, fairly sophisticated citizen with some understanding of how the financial markets work.

I believe that most financial professionals may not completely understand what is happening. The lifeline and financing was done not to protect Bear Stearns alone but to protect the entire global banking system.

Bear Stearns is a PRIMARY DEALER IN U.S. GOVERNMENT BONDS. This is a very small and very important club. They have also been a leader in the business of prime brokerage and in the field of trade settlement and clearing - two very profitable mostly fee-based businesses that have been the envy of many other financial institutions. These have been their cash cows and very attractive businesses that have long been sought by other buyers.

Although Bear Stearns is quite large, it is the smallest of the top U.S. government bond dealers. So if someone wants to attack the system they will attack the smallest of the truly powerful bond houses. Bear Stearns, like all major mostly bond dealers and traders, also trades in mortgage bonds and derivatives and this is where its problems arose.

Bear Stearns' CEO said on Wednesday that the company was well capitalized and that its balance sheet is strong. I believe he was telling the truth. However, they are not immune to a run on the bank. IN FACT, NEITHER IS ANY OTHER MAJOR BANK OR INVESTMENT BANK IN THE ENTIRE WORLD.

BEAR STEARNS AS A PRIMARY DEALER CANNOT BE ALLOWED TO FAIL WITHOUT UNDERMIINING THE CONFIDENCE IN THE U.S. AND THE WORLD FINANCIAL SYSTEM.

BEAR STEARNS WAS PROTECTED FROM FAILING TO MEET ITS COMMITMENTS TO COUNTERPARTIES BECAUSE TO LET A PRIMARY DEALER FAIL WOULD MEAN A RUN ON EVERY MAJOR BANKING AND INVESTMENT BANKING INSTITUTION IN THE DEVELOPED WORLD. AND THAT WOULD ALMOST CERTAINLY LEAD TO A MASSIVE GLOBAL DEPRESSION. THIS IS MY CONSIDERED AND FIRM OPINION.

CONCLUSION

Events seem to be validating the opinion that Jim Sinclair and I have been propounding on these pages for a long time.

NO MAJOR U.S. BANKING INSTITUITON WILL BE ALLOWED TO FAIL TO MEET ITS COMMITMENTS TO DEPOSITORS AND COUNTERPARTIES. To do so would be an admission of defeat by the governmental agencies and institutions that exist to prevent events like these from happening including the Great Depression of the 1930’s.

CENTRAL BANKS EVERYWHERE HAVE NO OPTION BUT TO REFLATE AND SUPPLY LIQUIDITY TO THE WORLD FINANCIAL SYSTEM. FURTHERMORE, THEY HAVE BEEN DOING THAT SINCE THE CRISIS BECAME OBVIOUS ABOUT 6 MONTHS AGO.

All of the themes that I said had to be fulfilled to solve the problem are not yet finalized. But congress is working to create an agency to buy bad loans and the U.S. Federal Reserve has been doing it for months now.

Some countries have been slower than others to recognize the problem. But now all do and they will make haste with liquidity, government bail out programs for banks, bank nationalizations if necessary, government aid to mortgage holders and many other programs designed to get the problem behind us as soon as possible and to buy votes in the process.

WHAT LIES AHEAD?

THE SHORT ANSWER TO WHAT THE FUTURE HOLDS IS MORE INFLATION, HIGHER GOLD PRICES, HIGHER COMMODITY PRICES AND A LOT LOWER PRICES FOR BONDS."

http://www.jsmineset.com/

Major fear-mongering; seems like a good time for me right now to pick up some JP Morgan Chase stock at a firesale price.

[remnant]

Originally Posted by George Witzgall

Major fear-mongering; seems like a good time for me right now to pick up some JP Morgan Chase stock at a firesale price.

Gotta go to sleep now. I'll leave you with this to dwell on:

JPM is essentially an arm of ZOG and the Fed ; They are the Fed's conduit for suppressing the Gold price through the use of derivative contracts, as the following illustrates.The excessive leverage in the system inherent in these OTC derivatives is what brought down Bear Stearns so swiftly.It is no coincidence that JPM is the buyer of last resort-with the backing of the Fed.This same leverage will bring down the entire Banking System as we know it.



"We believe that JPM’s management is taking a mammoth gamble with the wealth of its shareholders by supporting derivatives with a notional value of over $26 TRILLION dollars with a relatively trifling $42 billion of shareholder equity. Any discontinuous market volatility event that is unforeseen and beyond JPM management’s control could conceivably cause this immense pyramid to rapidly unwind, utterly annihilating the company’s capital in a matter of days or weeks."





Note the size of the Gold Position

FRom:The JPM Derivatives Monster

Adam Hamilton September 7, 2001

" I view derivatives as time bombs, both for the parties that deal in them and the economic system. Basically these instruments call for money to change hands at some future date, with the amount to be determined by one or more reference items, such as interest rates, stock prices, or currency values

... The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal. "

Warren Buffett
On Derivatives
http://wfhummel.net/derivatives.html