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Why Your Money Is Safe In The USA

Discussion in 'BlackHat Lounge' started by Uptownbulker, Oct 4, 2008.

  1. Uptownbulker

    Uptownbulker BANNED BANNED

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    We do not back down.

    The Bailout was signed into law.

    http://www.youtube.com/watch?v=zyXrxfjEOhs&feature=related
     
  2. djedje70

    djedje70 Regular Member

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    none of ur fr#$%ing biz dude!!!
    The scammers are scamming again...
     
  3. bhnoobz

    bhnoobz BANNED BANNED

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    Bailing out the morons that don't know how to properly handle credit was the most stupid thing ever. My neighbor's are a prime example. 5 new cars, a new boat, a new house.. They're going into foreclosure, their cars are going to be repossessed and everything was on credit. Idiots. Now what taxes I do pay will go towards morons like that whom are irresponsible. Oh yeah, they're also 20 years older than me...
     
  4. Uptownbulker

    Uptownbulker BANNED BANNED

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    Get off the grid.

    Hit me up.


    http://www.youtube.com/watch?v=sY1-q4ukSto
     
  5. foxler

    foxler Regular Member

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    "Why Your Money Is Safe In The USA"

    what will the gov be able to do when the economy goes to shit and no one has any money anymore, cause it sure looks like its heading in that direction?

    New poll... which country will be the best to move to when the U.S. is in the shitter?
     
  6. litenup

    litenup Junior Member

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    Its Just a question of time before we hit the financial cliff, this just slows down the runaway train.
    Financially speaking, the Republican agenda is now set up for the next twenty years, no matter who gets elected.. that is if the US doesn't go bankrupt first. Just the interest payments alone are going to kill us and there's nothing to back the paper money up.

    Where to go when your money/ any money isn't worth anything?
    Probably your best bet is to find a Ted Nugent to hang with, don't care for his politics, but at least he won't go hungry.
     
  7. almir

    almir Power Member

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    Yeah, I can see how it is safe :)
     
  8. natjay

    natjay Newbie

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    Just wait till the elections in November...
     
  9. caretaker2007

    caretaker2007 Power Member

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    This doesn't seem much different than the state subsidized passenger rail service we have, or the repeated bail outs of the airline industry.

    litenup, nothing backing up paper money is now different than the people having faith in metals. Both are only worth what people want them to be worth. Gold production is a continuing thing, and the value goes up and done like paper currencies, but, if people truly thought about the fact that more and more gold is available every month the value would drop.

    I agree with you on Ted though, just keep making arrows for him.

    nat, unfortunately that will not change anything.
     
  10. beelzebubbles

    beelzebubbles Newbie

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    But then the population is constantly increasing as well. Is there more gold available per person every month?

    Of course you're right in that they're only worth what people want them to be worth. When shit hits fan gold is actually pretty useless. It's pretty and it conducts electricity quite well, but aside from that... It's heavy, so I guess you could rig up a trap which drops a bar of gold on the head of a passing squirrel and get some dinner that way. But if things get really bad tinned food, clean water, and a fishing rod will be far more valuable than any amount of gold.

    Not that I expect them to get that bad. Or at least I hope they don't. Civilisation has its problems, but I don't particularly want to see it bite the dust just yet.
     
  11. Uptownbulker

    Uptownbulker BANNED BANNED

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    I think you misunderstand the so-called "bailout".

    The istitutions were saved, not individual creditors and you also forget about the fact that the public shares a lot of responsibility for this mess, so stop soley blaming corporations, "big business" and politicians.

    There is more than enough blame to go around.
     
  12. Uptownbulker

    Uptownbulker BANNED BANNED

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    Speaking of bailouts and how safe offshore funds are or are not and I want to see how you blame the US, US coporations and George Bush for this one:

    "Dutch to bail out Fortis operations
    Toby Sterling ASSOCIATED PRESS
    AMSTERDAM | The Dutch government said Friday it will buy the operations of Fortis NV in the Netherlands for $23.2 billion after a previous bailout failed and the troubled bank teetered on the edge of insolvency.

    Dutch Finance Minister Wouter Bos said the deal, which effectively splits Fortis in two along national lines, would give the Belgian-controlled part of the company cash it urgently needs to survive.

    Striking a somewhat nationalistic tone, Mr. Bos said that clients had been withdrawing money and other banks were refusing to lend to Fortis because troubles "hidden" in its Belgian operations were becoming apparent.

    The deal safeguards the Dutch operations "from the danger of infection from the part that's less healthy," Mr. Bos told reporters in The Hague.

    His Belgian counterpart, Didier Reynders, said in Brussels that Belgium would continue to "guarantee the solvability and the liquidity" of the remaining operations.

    Fortis, once one of Europe's largest financial companies, has been in escalating trouble since it agreed to purchase the Dutch banking operations of ABN Amro last year for $33 billion as part of a broader deal that was the largest takeover in banking history.

    Mr. Bos said the Dutch government's deal for Fortis' operations was negotiated with Belgian officials and Fortis this week as the company showed signs of "really large liquidity problems," despite a $15.5 billion bailout package announced Sunday.

    The new deal will replace the Dutch part of Sunday's bailout, in which the Netherlands agreed to buy a 49 percent stake in Fortis' Dutch banking business.

    The rest of the bailout arrangement remains unchanged for now, with the of governments of Belgium and Luxembourg each taking 49 percent stakes in Fortis' banking operations in their countries.

    At a press conference with the Dutch prime minister and central bank president, Mr. Bos said the country's other banks were not in danger. He added that the Dutch government will merge ABN and Fortis' operations and would likely make money when it eventually resells them.

    "I want to underline the difference with the American situation, where the responsibility is being taken on for buying up hundreds of billions worth of bad risks," he said. "We're paying billions for what is in essence a solid company"


    http://www.washingtontimes.com/news/2008/oct/04/dutch-to-bail-out-fortis-operations/
     
  13. markp

    markp Newbie

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    Everyone is to blame. As Far back as three -four years ago when I was trading people were saying there was going to be a crash. Even as the dow was still climbing up through 11,000 and the FTSE through 6000 points people were saying there was going to be an almighty crash. unfortunately people were borrowing money against their properties to buy cars, holidays and God knows what else. you dont need to be a rocket scientest to work out what happens once property prices fall. Institutions were lending money hand over fist to mortgage and finance companies, to Lend to individuals and other companies. Once problems started arising everyone tried to cover their own backs. It will interesting to see what the FBI investigation digs up. Personally I doubt anything. Not through lack of trying, but because of what will be uncovered. can you send half the CEO's in America to Prison?
    Because of the change in the markets no market or economy is now truly independent, that is to say it is truly a global economy and they are all interlinked. so if anyone is laughing at the American economy, think again. If the American economy goes down in a big way everyone else will go with it. I do not think the majority of people realise how dire the situation is. This bail out is not just for the American economy, it is for the world economy.
    Anyone who thinks otherwise had better get their head out of the sand. As uptown stated the Dutch are bailing out Fortis, the Belgians are too, the British are bailing out or rather nationalising banks too. Everyone has their back against the wall.
    All those republicians who voted against the original bailout plan will probably lose most of their seats anyway in November, and if the economy doesn't pick up they will be unemployed too. The Irony of it.
    Is the sun setting on America. I dont think so and hope not. Because the Alternative would be a Chinese superpower. Im sure if George orwell was here now he would take one long look at China and say- "I told you so".
    Meanwhile back in the real word. how can you make money out of this.
    If your a ruthless little bastard you are gonna prey on every insecurity and worry that is going though peoples minds. people are worrying about petrol prices, cost of energy, their mortgage, their income, their cars. their jobs, money for christmas presents. All profitable niches. If ever there was a time for a starving market it is now.
    As for buying property and shares. I would wait. Never try to call the bottom or top of a market, financial or property, and I do not think we have reached the bottom yet.
     
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  14. MaestroDelWeb

    MaestroDelWeb Executive VIP

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    At least now we know who the oldest member of the forum is :yield:. In that first video I saw ballet, kung fu (before it was big), with a little bit of acrobatics.

    Where I live we have a certain group of people (I don't want to mention the race or group to not sound racist because I know it could be looked as racist comments if looked under the wrong light), that were buying tons of property over market value, then refinancing way over market value, and then going bankrupt and of course keeping the cash from the refinances and rents paid even when they were going into foreclosure. So a $30K per property profit over multiple properties was the way to go. Property values are going down so fast you can't even imagine. Of course I believe their idea was that property values would keep going up and they'd still be able to keep buying and making profit this way.