Eine Krise ist auch eine Chance!

Im Grunde sind das ja gute Aussichten, das unsere Oberaufseher und Abzocker bald das Feld in Deutschland räumen müssen!

Den Finanzgaunern da drüben geht es endlich an den Kragen! Ich bin sehr sicher, das höchste Stellen in den USA in den größten Krimi aller Zeiten verwickelt sind. Und auch bei uns muss mit den bedingungslosen Vasallen die zu Lasten von Deutschland und zum Vorteil der USA viele Jahre regiert haben, hart abgerechnet werden!

Neu 2008-09-27:

[19:00] Wer hat ein grösseres Pleite-Risiko - McDonalds oder USA?

Aus dem Midas vom 26.9.:
McDonalds has a lower risk of default, as expressed in the Credit-Default Swap market, than the United States Federal Government.
Think folks.
Think long and hard.
This is what the threat to blow $700 billion has done to America. We now have a higher risk of default on our national debt than a company that sells hamburgers has on their private debt.
Die USA haben ein grössere Risiko - die CDS sagen es. Toll!
Das nächste grosse Abverkaufs-Objekt werden die US-Staatsanleihen sein:

To all; bye, bye, Washington Mutual. WAMU was the largest saving and loan in the US and the largest bank failure ever. Oh well, no big deal...?...! The reaction today is mostly complacency in the stock markets as they are down less than they were up yesterday while the credit markets remain frozen solid. Even CNBC is making light of the situation in Washington as they played circus music with a picture of the Capitol in the background early this morning.
While everyone talks about how serious the situation is, I get the sense that only 1 of 1000 really understands. The financial system [bailout or no] is going to seize up completely. Completely, as in a Katrina like hurricane that hits the entire US and spreads worldwide almost overnight. EVERY aspect of our lives will be different. I wrote last Nov. that every and all parts of our economy runs on credit. [The commercial paper markets have had huge declines now for two weeks running] Even 99% of those who "get it" will be surprised at how far reaching and entrenched debt has become to operating the system. We will soon see how few everyday products make it to store shelves after the credit markets stop functioning entirely.
Bailout or no, I think a complete standstill and cross defaults in the credit markets are in the cards [already is for all intents and purposes]. The problem the government faces is that the market place is the big bad bully on the block. The government is learning that the credit markets are much bigger than they are, and any plan put in place will not be big enough. While at the same time, a bailout no matter large or small, the Dollar debases more and more because it is so far above intrinsic value.
Nothing the government does will make bad loans good ones. Nothing will change the fact that people overpaid for real estate. Nothing will lower the monthly scheduled payments of homeowners. If the govt. were to restructure loans then what happens to the other side of the mortgages? Less cash flow means a lower fair market value and even more writedowns. This whole scenario was entirely predictable and in fact the authors of the Federal Reserve act back in 1913 new full well how this would all end. The only thing not known was when.
So far the stock market is defying the actions of the credit markets. Stocks, other than financials are dropping slowly while credits other than Treasuries are imploding. This will change very soon. This will change once the Treasury has a failed auction. This will change once goods become scarce because credit was not available to keep the supply conveyor belt rolling. Credit, or lack of, touches everything everywhere. And yes even the stock market will soon take note.
OK so we get a deal by Monday morning [99.999% probability]. The stock market rallies. How long? It doesn't matter. What matters is the action in the next leg down. I suspect the next leg down will be aborted by a closure of the markets. The world is watching the Treasury like a skeptical hawk. Treasury will be the center of the next wave down, probably within a couple of weeks. I know I keep harping on this, but I think a failed auction will be the atomic blast that makes the music stop. The credit markets are simply too big for the Treasury's lap while also their lifeblood.
Imagine how valuable real money will become once real fear grips those who have been running this shell game. Cash was king during the depression. Cash was directly backed by Gold back then. It wasn't the paper that was royalty, it was the backing, the foundation. You don't even need an IQ of 80 to understand that Gold remains after paper defaults. Paper is defaulting faster than the Fed and Treasury can create it. This is the ultimate recipe for Gold ownership. Regards, Bill H.
Dann gute Nacht USA und Welt.