GM have been making crappy cars for decades. I know this because I've been buying their crappy cars for decades. I thought that GM really makes good cars until my wife bought her Camry and I'm like Wow.. These cars never seem to break down at all. Unlike the Cheys and Fords that I previously own. And it's better built in quality and reliability. I bought a S2000 and got rid of my Mustang gt and man what a nice car. Why didn't I do this sooner??
i dont care about wat people say about gm but i will back them till the end i love there cars i dont wanna give money to some import company that dont care about us north americans
inbred thinking like this got them up and running for this long, yet finally some ppl got smarter and realized that 99% of there cars a garbage. I hope that rubbish ugly crap is gone for good.
Peh!! Who cares if your dad worked for GM. I will probably never see the kind of money he made so cry me a river. What matters here is that General Motors makes junk cars with garbage drivetrains. The cars ALWAYS look ugly, and lets face it..EVERYONE LOVES TO PWN A GM!! LOL
My father worked at GM, its very sad to see humans actually write horrible comments on here about the hard working employees. He lost his job right before chirstmas, I blame a lot on the people who ran GM. He lost a damn good job. I just can not believe a human would say whooo raaa GM going under..THis world is so messed up.
Thats pretty funny coming from a guy who wouldnt know what a good car was even if it were to run him over 8 times and drag his lifeless body down I-78 at 70mph.Most Americans who cant afford good cars always put down the Asian and European car companies.People buy those cars for a reason.I LUV my 2009 Audi Q7.DONT HATE CUZ U CANT AFFORD ONE.Those cars are marketed 2 those with higher income and can afford it.Not to the Joe 6-pak who cant afford anything more than a 1998 Ford Explorer
Here's an update... Its March5/09 and this morning it was announced that GM will not be able to survive on its own. ITS OVER and all there is to do is buy up a new junk GM car for 5 bucks when their company goes to auction. Hey look you can drive a GM shitmobile for a year or two until it breaks for 5 bucks!
Wow u are right...GM made such great cars that Americans just won't buy them. They rather buy crappy cars from Japan and German. Wow what a surprise. GM cars are so good that they over pay their workers and over priced their vehicles. GM cars are so good that they are going bankrupt and rather than spending their own money they have to get handouts from the Government to stay in business...Wow...I'm glad u finally seen the light...
how convenient, after bailoutmoney given to them, so stck holders come out clean, not losing any money and with enough dough to keep the other world operations going... fool me once .. shame on you.. fool me twice.. you should be a politician and I stupid american....
why is there a need for second thoughts? silver has intrinsic value, even in the unlikely event it doesn't go up, you'll break even and be holding real money.
As far as I understand it, synthetic CDO's can be fully funded or partly funded. Most synthetic CDOs are partly funded (only about 5% to 10% is held in trust ).
The 2.5% interest rate you are talking about is the spread above "zero risk T-bills" and the tranche level determines the interest paid. Higher level tranches get less because they are shielded from first defaults by the lower tranches.
There is UTUBE guy called bionicturtledotcom that does a pretty good job of explaining them.
The cdo is really an insurance product, you get paid a premium (interest) and your obligation is to pay out the total insured amount should the companies fail (with little upfront capital investment on your part, just reward for your promise to pay, like the 'Llyods names'). The up shot of failure will be a massive influx of of money from investors to the banks, in effect this will make available billions of dollars to the banks thus increasing their liquidity.Dont know what effect will be.
I am thinking it could be pension funds and municipality pensions and maybe soveriegn wealth funds and hedge funds that invested. And if so, liquidation would require company contributions if the pension falls below ERISA levels. And for the others it would still be pretty devistating.
Wy don't the gov. just nullify these 'bets' if they are potentially so catastrophic ? Are we ruled by banks ? I suspect we are but I'd like to be certain.
why is a computer controlling us? unplug the thing. why is this pay off even legal? cant it be stopped by executive order? we live in a giant casino and the house always wins. The neighbor bought a new van which she will pay off in December when retirement money comes in. (no point warning her) (she wont listen anyhow)
You are asuming goverment has control over the banks, and the reality is banks have control over goverment.
If you think that because you vote every 4 years you control the goverment, think again. Dont get me wrong, i think voting is great, is a good way of controlling the goverment, but its just not enough. Only by voting, only with democracy, the people dont control anything. Thats why USA is suposed to be a Republic.
The buzz is about synthetic CDO's where CDO's are backed by assets and SCDO's are based on income from those purchasing CDO's. IOW, if you invested in CDO's, your getting value in what is deemed a mix of AAA rated companies.
However, if the backer is not regulated, they can issue SCDO's to decrease they're risk. The payoff to the purchaser of the SCDO is residual, but the risk is transferred away from the backer. (backer is making a killing)
Imagine several of those AAA companies are downgraded. The holder of the CDO just lost a % of value in the asset backed stock.
This causes a ripple effect. The backer sells the actual stock interest (paid again). The holder of the SCDO now coughs up what he owes and pays more than the stocks are worth. Nasty little pyramid.
Because gold and silver are the few things that investors may have that still keep the value, and its the first thing they will sell to raise money. If a lot of people want to sell they will go down.
Yeah I think that these synthetics will have to become real money and explode the money supply. I have a feeling that when the foxes aren't supervised they're going to push the limits of the hen house until it breaks.
No it's not, I have looked into them the synthetic CDOs does have the buyer put up some money for the financial product. Thus they get wiped out and have to pay when there principle is gone. Also these products are highly configurable by the the underwriter so they may not have been sold with only a partial payment.
I think it would be other shares and securities held as collateral so if they default, then the bank goes on the open market and sells those shares to get its money like a margin call, thus causing the market crash.
I was wondering the same as u. bionicturtle has good CDO expl.
U can read my expl in comment to feveriam 'part2' video. Afaics CDO like share u buy. As u say it is CDS portion triggered by contract clause - causes funds to go to bank from insurer. Investors just lose remainder of already devalued instrument. Low interest because 'v safe'.
btw good pt about interest rate. But the rate would depend on the tranche. Higher for riskier tranches, which are the ones the banks more likely to sell off rather than keeping.
I think it's both depending if it's funded or unfunded. There's a full explanation at derivativedribble. wordpress. com scroll down to part 3 on synthetic CDOs.
Giether postponed the new bank bailout report from Mon 9th to Tuesday 10th. Why??? So they have time to force the remaining bank or two they need into bankruptcy for the cdo default???
GM have been making crappy cars for decades. I know this because I've been buying their crappy cars for decades. I thought that GM really makes good cars until my wife bought her Camry and I'm like Wow.. These cars never seem to break down at all. Unlike the Cheys and Fords that I previously own. And it's better built in quality and reliability. I bought a S2000 and got rid of my Mustang gt and man what a nice car. Why didn't I do this sooner??
iceman5815 2 years ago
i dont care about wat people say about gm but i will back them till the end i love there cars i dont wanna give money to some import company that dont care about us north americans
hotguy696987 2 years ago
inbred thinking like this got them up and running for this long, yet finally some ppl got smarter and realized that 99% of there cars a garbage. I hope that rubbish ugly crap is gone for good.
TakeItSideways 2 years ago
Peh!! Who cares if your dad worked for GM. I will probably never see the kind of money he made so cry me a river. What matters here is that General Motors makes junk cars with garbage drivetrains. The cars ALWAYS look ugly, and lets face it..EVERYONE LOVES TO PWN A GM!! LOL
sebring98 2 years ago
My father worked at GM, its very sad to see humans actually write horrible comments on here about the hard working employees. He lost his job right before chirstmas, I blame a lot on the people who ran GM. He lost a damn good job. I just can not believe a human would say whooo raaa GM going under..THis world is so messed up.
MCRazykira 2 years ago
Thats pretty funny coming from a guy who wouldnt know what a good car was even if it were to run him over 8 times and drag his lifeless body down I-78 at 70mph.Most Americans who cant afford good cars always put down the Asian and European car companies.People buy those cars for a reason.I LUV my 2009 Audi Q7.DONT HATE CUZ U CANT AFFORD ONE.Those cars are marketed 2 those with higher income and can afford it.Not to the Joe 6-pak who cant afford anything more than a 1998 Ford Explorer
RS4HHR 2 years ago
Would you cal american cars-cars? Those "cars" are more like boxes on wheels. I know I WOULD NEVER buy an american shitbox!
sharkloaner 2 years ago
Comment removed
sebring98 2 years ago
The majority of people agree with us!
sebring98 2 years ago
When I die I want to be buried in a GM coffin!
sharkloaner 2 years ago
Haha You're hardcore! When I die I hope there is nothing left of me to bury. ;)
sebring98 2 years ago
Comment removed
yangbob 3 years ago
yangbob you have no heart!
Do you know how many people worked for GM not you dont your a brainless spineless gutless worm, I cant stand peole like you basing the workers!
You picked the wrong person to mess with bub!
MCRazykira 2 years ago
Here's an update... Its March5/09 and this morning it was announced that GM will not be able to survive on its own. ITS OVER and all there is to do is buy up a new junk GM car for 5 bucks when their company goes to auction. Hey look you can drive a GM shitmobile for a year or two until it breaks for 5 bucks!
sebring98 3 years ago
GM products are made very well. GM couldnt help that Americans couldnt buy AMERICAN MADE CARS
MCRazykira 2 years ago
Wow u are right...GM made such great cars that Americans just won't buy them. They rather buy crappy cars from Japan and German. Wow what a surprise. GM cars are so good that they over pay their workers and over priced their vehicles. GM cars are so good that they are going bankrupt and rather than spending their own money they have to get handouts from the Government to stay in business...Wow...I'm glad u finally seen the light...
iceman5815 2 years ago
"fool me once shame on me fool me twice
well muhaha I cant get fooled again drool"
GW Bush
dave777blaster 3 years ago
how convenient, after bailoutmoney given to them, so stck holders come out clean, not losing any money and with enough dough to keep the other world operations going... fool me once .. shame on you.. fool me twice.. you should be a politician and I stupid american....
batman551 3 years ago
How did you get into silver in the first place?
JurkoffJay 3 years ago
Honestly - I dont remember the first moment... its was gradual
stellaconcepts 3 years ago
what do you do when you have second thoughts on your silver?.... Do you have second thoughts on your silver?
I know I do, and I'm not nearly as deep in as you are.
JurkoffJay 3 years ago
the only thing I am wondering about is should I get a loan for $100,000 and back the truck up.
NO.
Silver remains the investment opportunity of a lifetime.
Patience grasshopper. ;)
stellaconcepts 3 years ago
why is there a need for second thoughts? silver has intrinsic value, even in the unlikely event it doesn't go up, you'll break even and be holding real money.
ltse 3 years ago
Reinhardt is a fake a 19yr old kid from california!!!!
watch?v=B6vhIvKzJbA
joediesel187 3 years ago
joediesel,
That guy that fancies himself a hacker is simply mistaken.
He is not a kid in California.
blackrubberbag 3 years ago
My two year predictions:
US auto industry = DEAD
Silver = $40 an ounce
ohio1998 3 years ago
As far as I understand it, synthetic CDO's can be fully funded or partly funded. Most synthetic CDOs are partly funded (only about 5% to 10% is held in trust ).
The 2.5% interest rate you are talking about is the spread above "zero risk T-bills" and the tranche level determines the interest paid. Higher level tranches get less because they are shielded from first defaults by the lower tranches.
There is UTUBE guy called bionicturtledotcom that does a pretty good job of explaining them.
danmcc22 3 years ago
The cdo is really an insurance product, you get paid a premium (interest) and your obligation is to pay out the total insured amount should the companies fail (with little upfront capital investment on your part, just reward for your promise to pay, like the 'Llyods names'). The up shot of failure will be a massive influx of of money from investors to the banks, in effect this will make available billions of dollars to the banks thus increasing their liquidity.Dont know what effect will be.
farliecharlie 3 years ago
I am thinking it could be pension funds and municipality pensions and maybe soveriegn wealth funds and hedge funds that invested. And if so, liquidation would require company contributions if the pension falls below ERISA levels. And for the others it would still be pretty devistating.
jetmotoAG 3 years ago
its not money they had, its a promise to pay which they expected to be able to pay from the gain that never occured.
daveextra 3 years ago
well the FEB9th issue? i gues we are saved for now then hu stella?
Daniyoyo 3 years ago
cu General Motors went up 1.06% since this morning
ramp31 3 years ago
Are you sure this happened did not see it on the news
ramp31 3 years ago
Chrysler going bankrupt is absurd. Google Cerberus Capital Management.
=@[.]@=
Raycheetah 3 years ago
Thanks for the update!
Bassmarko 3 years ago
Wy don't the gov. just nullify these 'bets' if they are potentially so catastrophic ? Are we ruled by banks ? I suspect we are but I'd like to be certain.
fiaskolo 3 years ago 3
In the enterprise corruption web page, in the Oprah thread he has started a countdown.
hugolp 3 years ago
why is a computer controlling us? unplug the thing. why is this pay off even legal? cant it be stopped by executive order? we live in a giant casino and the house always wins. The neighbor bought a new van which she will pay off in December when retirement money comes in. (no point warning her) (she wont listen anyhow)
turboredcart 3 years ago
You are asuming goverment has control over the banks, and the reality is banks have control over goverment.
If you think that because you vote every 4 years you control the goverment, think again. Dont get me wrong, i think voting is great, is a good way of controlling the goverment, but its just not enough. Only by voting, only with democracy, the people dont control anything. Thats why USA is suposed to be a Republic.
hugolp 3 years ago 2
Add in the "someone knew something we didn't factor" and what you have is a skyscraper built on sand.
Frequencitee 3 years ago
The buzz is about synthetic CDO's where CDO's are backed by assets and SCDO's are based on income from those purchasing CDO's. IOW, if you invested in CDO's, your getting value in what is deemed a mix of AAA rated companies.
However, if the backer is not regulated, they can issue SCDO's to decrease they're risk. The payoff to the purchaser of the SCDO is residual, but the risk is transferred away from the backer. (backer is making a killing)
==>
Frequencitee 3 years ago
CDO's initial payout. SCDO's pay later.
Imagine several of those AAA companies are downgraded. The holder of the CDO just lost a % of value in the asset backed stock.
This causes a ripple effect. The backer sells the actual stock interest (paid again). The holder of the SCDO now coughs up what he owes and pays more than the stocks are worth. Nasty little pyramid.
Frequencitee 3 years ago
TARP 2?
Frequencitee 3 years ago
Silver has been trading sort of sideways today. A Sideways channel.
USDCHF is falling a bit now too
linux23dragon2008 3 years ago
yea im 60 pips up on the chf at the moment...
stellaconcepts 3 years ago
nice
linux23dragon2008 3 years ago
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linux23dragon2008 3 years ago
Comment removed
linux23dragon2008 3 years ago
This is getting scary. I did not want to believe it but its getting scary.
hugolp 3 years ago
last night in sleep I heard the voices from HELL. Maybe I had to pee. Hopefully just a dream.
turboredcart 3 years ago
If you have to find $100 then gold and silver will collapse.
davincij15 3 years ago 2
why?
Brainman94 3 years ago
Because gold and silver are the few things that investors may have that still keep the value, and its the first thing they will sell to raise money. If a lot of people want to sell they will go down.
hugolp 3 years ago
Re-phrase
If investors of the synthetic CDOs have to find the money then gold and silver prices will collapse.
davincij15 3 years ago
possible - but not if the bankers put their windfall into gold and silver
stellaconcepts 3 years ago
USDCHF has formed a heads and shoulders pattern.
more reports on Lyondell Banks Caught in Bankruptcy Lose $3.7 Billion in Loans
Central Bankers Surrender Independence as Global Crisis Defeats Rate Cuts
With no storeys to go with the head lines
linux23dragon2008 3 years ago
Use 1 hour chart
linux23dragon2008 3 years ago
Yeah, but they will not buy futures contracts or ETFs.
davincij15 3 years ago
Is it possible that the investors of these CDOs don't own any Gold or Silver?
tradergee1 3 years ago
True but the ones that do will have a large enough investment in it to move the market.
davincij15 3 years ago
That's why I'm long the TBT ultra short treasury.
tradergee1 3 years ago
Same here. check out the 10 year note!!! 3.04%
davincij15 3 years ago
I think you should do a vid on hedging a Silver position with the TBT.
tradergee1 3 years ago
If you own silver and are in TBT you have one bet. Dollar negative.
You are not hedging unless you are long the dollar some how.
davincij15 3 years ago
Well I figured if they sold the metals to raise cash they would have to pull money out of the Treasuries also.
tradergee1 3 years ago
Oh My! Never thought about that. But this is all pure speculation and no hard evidence that I have see yet that show...
1. Synthetic CDOs exist or in sufficient quantities.
2. They are structured in such a manor
3. The counter parties own gold, silver or Treasuries.
davincij15 3 years ago
Yeah I think that these synthetics will have to become real money and explode the money supply. I have a feeling that when the foxes aren't supervised they're going to push the limits of the hen house until it breaks.
tradergee1 3 years ago
Is this CDO issue enough for you to rethink this whole silver kaper? Is it that serious!? :l
Brainman94 3 years ago
No it's not, I have looked into them the synthetic CDOs does have the buyer put up some money for the financial product. Thus they get wiped out and have to pay when there principle is gone. Also these products are highly configurable by the the underwriter so they may not have been sold with only a partial payment.
Looking at, all I can say is this...
Financial weapons of mass destruction indeed.
davincij15 3 years ago
Dav is right. It's just like buying a stock. You loose your interest and principle.
ohio1998 3 years ago
I think it would be other shares and securities held as collateral so if they default, then the bank goes on the open market and sells those shares to get its money like a margin call, thus causing the market crash.
BazzleDog 3 years ago
I loaded with gold today.
BazzleDog 3 years ago
I was wondering the same as u. bionicturtle has good CDO expl.
U can read my expl in comment to feveriam 'part2' video. Afaics CDO like share u buy. As u say it is CDS portion triggered by contract clause - causes funds to go to bank from insurer. Investors just lose remainder of already devalued instrument. Low interest because 'v safe'.
Just my interpretation tho.
Eggy0 3 years ago
so this link in chain of disaster looks dubious - but then apparently this guy has been right before!
Maybe the real disaster mechanism is everyone panicking and moving their money in preparation.
Eggy0 3 years ago
btw good pt about interest rate. But the rate would depend on the tranche. Higher for riskier tranches, which are the ones the banks more likely to sell off rather than keeping.
Eggy0 3 years ago
I think it's both depending if it's funded or unfunded. There's a full explanation at derivativedribble. wordpress. com scroll down to part 3 on synthetic CDOs.
frizshizzle 3 years ago
As far as I can tell the money goes to the banks but they have to pay out the bond holders of the corporations they insured. ??? also not sure
darchorse 3 years ago
the next 5 days will be the day of history.
KhmerD0g 3 years ago
Giether postponed the new bank bailout report from Mon 9th to Tuesday 10th. Why??? So they have time to force the remaining bank or two they need into bankruptcy for the cdo default???
darchorse 3 years ago
wow let's see the upshot of this. hang on for the ride!
fezz569 3 years ago
#41 viewer -wow. The "Khan Academy" YTube Channel has some CDOs, banking, and bailout videos. Brainy.
brainyyyz 3 years ago
its all depressing news. At least you have the sunshine there. Here in the UK .. its dark and raining just to top things off !
jonathankitchen 3 years ago
tell me about it, were do u get ur silver in the uk ?
ramp31 3 years ago
for bars...try ats bullion ltd in london next to the savoy on the strand.
jonathankitchen 3 years ago
ya been there sooooo over priced there over 70% spot price
ramp31 3 years ago
do any banks sell bars
ramp31 3 years ago
US banks don't. I think the Royal Bank of Canada does.
ohio1998 3 years ago
Fingers crossed :(
linux23dragon2008 3 years ago