FDIC insurance limit & The Mafia
Uploader Comments (myspacesecrets)
Top Comments
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FDIC has less than 10B left... they may already be broke. They have to be bailed out.
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Youve got to give it to them they have done a great job of holding this off, but I think the time is up, but who knows maybe there are pockets of wealth left in society they can leech which will prop it up for another year or two, I hope not I am ready for change.
All Comments (36)
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Thanks for the help.I've read/heard a couple of professional currency specialists who are predicting the US dollar to again become the place of safety when the next wave of pessimism comes. Robert Prechter has told all his subscribers to step aside from the markets a week or so ago, but not to do any heavy shorting until he can see confirmation over the next month or two, and since he picked the main crash down, and then the rally starting in March, he may be right again?
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Again, good thinking. If enough people pile into bonds, the yield can go negative, and the bondholder will be paying the government to look after his money. This is what happened in the big crash last year. The ideal scenario for the existing bondholder is that the prices of US Govt bonds jumps up, he then sells and buys stocks at a bargain price.
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On the subject USD which are backed by treasury bonds, is it true that as the demand for treasuries grows that the interest payments the govt has to make on those bonds falls?and so wouldn't this mean that if the US is concerned about defaulting on its debt,then all it has to do is let the markets crash causing fear and flight to treasuries and the dollar again which would reduce the cost of their debt and so postpone any possible currency collapse?and wouldn't this be in the Govt's interests?
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I'm making my way through Robert Prechter's book 'Conquer the Crash', and his case is pretty damn solid for a bull market for the dollar, but I'm still struggling with the idea that the Fed can't just deliberately devalue their dollar like they did in the last great depression. All finance ministers came out of the G20 meeting talking about a 'global new deal', and a new bretton woods etc...particularly Gordon Brown was pushing the 'global new deal' to Obama, the two most indebted nations?
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Good thinking, mindstream. However, rumour has it that the RBA are raising interest rates next month. The Israelis, I am told, have already raised theirs. As for the US dollar, I might switch some of my paypal account into USD, but not very much. I don't have the stomach to take part in this tsunami. I will just watch it from afar, and see how Barack Obomber talks his way out of this one.
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is it possible for the stock market to fall while the USD also dives?I thought that when all assets are falling at the same time that only leaves cash as safety, and since so much of the worlds assets are denominated in US dollars then that would cause a scramble for dollars since everything is sold down into them,like a forced demand for dollars?.I'm looking for a good opportunity to buy more precious metal, so want to buy when AUD(my local $) is at its strongest, but if USD is going down?
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they will print money, loan it to foreign banks and foreign banks will buy more bonds
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Anything to do with the word PAPER has a future value of 0.
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Don't worry about the FDIC's capital. There is an additional $100 billlion set aside as an "emergency fund" in case the FDIC runs out.
The RBS sent a letter to clients last week to bail from the markets. When the RBS speaks I listen. In April or so last year they said that a "financial tsunami" will hit in October. They were spot on.
I've bagged a whole stack of index puts, so let the markets FALL!!!
Just a typical holiday reversal...I have been slipping in and out of short positions which has been working... I do this before every major holiday in the US....
My trick is sometimes the market will reverse its positions leading into the holidays...and very easy to read!!!
myspacesecrets 2 years ago
I cover these sorts of topics in our newsletter at the site.
myspacesecrets 2 years ago
Those educated can make money from this collapse. Yes even (when) the dollar devalues greatly.
myspacesecrets 2 years ago
John,
the same thing happened to the 90 day t-bill last year. We'll have periodsof negative t-bill rates going forward. as the stock market begins to trend down will commoditity prices fall at the same rate?
huskie767 2 years ago
last year yes!! If i am correct this started happening before a sell off in equities hmmm
Even if commodities fall, longer term a real gem.
myspacesecrets 2 years ago
Thanks myspace! Really appreciate your making these videos. btw, three more banks were shut down in the US late Friday afternoon.
fal2grace 2 years ago
thx for update grace......not good...
myspacesecrets 2 years ago