Global Correction

[flying]

I have been doing some Canadian Dollar conversions for a potential investment all afternoon and so I had Canada on my mind, please substitute Japan for Canada in that last post My apologies to any Japanese out there, I think?

Actually when I said China had a lot of USD I didn't mean debt.

I thought I remembered reading somewhere they held billion due to income.

Walmart alone should be good for billions of income for them.

[Naam]

most U.S. debt outside the U.S.

july 2008 figures:

Japan $585.9 bb

China $541.0 bb

China will overtake Japan most probably by end of december.

Edited October 26, 2008 by Naam

[flying]

most U.S. debt outside the U.S.

july 2008 figures:

Japan $585.9 bb

China $541.0 bb

China will overtake Japan most probably by end of december.

Wow

I never realized that. I just assumed they were holding billions of USD.

I never considered they also held so much paper debt.

And Japan ? I had no idea it was that kind of money.

[Naam]

most U.S. debt outside the U.S.

july 2008 figures:

Japan $585.9 bb

China $541.0 bb

China will overtake Japan most probably by end of december.

Wow

I never realized that. I just assumed they were holding billions of USD.

I never considered they also held so much paper debt.

And Japan ? I had no idea it was that kind of money.

below an informative website Flying. but don't show it to our british friends! they might get angry when they find out one of the reasons why the Pound is so low vs. the Dollar

http://www.treasury.gov/tic/mfh.txt

[lannarebirth]

The Global correction will continue, with bounces along the way, until this sort of thing is but a memory:

http://news.yahoo.com/s/afp/20081026/wl_uk...ngaminggambling

[flying]

below an informative website Flying. but don't show it to our british friends! they might get angry when they find out one of the reasons why the Pound is so low vs. the Dollar

http://www.treasury.gov/tic/mfh.txt

Thank You Namm

This crisis has a good side effect. I have learned much more about our economy that I never cared about before.

[Naam]

Actually when I said China had a lot of USD I didn't mean debt.

I thought I remembered reading somewhere they held billion due to income.

Walmart alone should be good for billions of income for them.

China's foreign currency reserves including gold is expected to reach a value of 2 Trillion dollars ($2,000,000,000,000.-) by january 2009!

[flying]

Actually when I said China had a lot of USD I didn't mean debt.

I thought I remembered reading somewhere they held billion due to income.

Walmart alone should be good for billions of income for them.

China's foreign currency reserves including gold is expected to reach a value of 2 Trillion dollars ($2,000,000,000,000.-) by january 2009!

Wow !

I also see my quote above I meant to say billions of course. But I never would have guessed 2 trillion.

I recently saw a chart showing the worlds gold holdings in tons. USA on top & Germany 2nd

I will look where China is

I wonder if China will demand repayment in gold soon?

I was also surprised by how much the IMF holds... http://www.imf.org/external/np/exr/faq/goldfaqs.htm

[AlexLah]

OK guys I know you like charts but maybe after looking at those not anymore, ha ha ha.

Sorry no crystal ball this time.

Have a look.

And then:

Followed by:

Ooops:

The last one:

And then the following amandement made to the bail out bill:

SEC. 127. ACCELERATION OF EFFECTIVE DATE.

Section 203 of the Financial Services Regulatory Relief Act of 2006 (12 U.S.C. 461 note) is amended by striking "October 1, 2011" and inserting "‘October 1, 2008".

SEC. 202. INCREASED FLEXIBILITY FOR THE FEDERAL RESERVE

BOARD TO ESTABLISH RESERVE REQUIREMENTS.

Section 19((2)(A) of the Federal Reserve Act (12 U.S.C.

461((2)(A)) is amended—

(1) in clause (i), by striking ‘‘the ratio of 3 per centum’’

and inserting ‘‘a ratio of not greater than 3 percent (and which

may be zero)’’; and

(2) in clause (ii), by striking ‘‘and not less than 8 per

centum,’’ and inserting ‘‘(and which may be zero),’’.

Could this mean the US will pretty soon follow Zimbabwe?

Over to the experts here.

[AlexLah]

Here an interview with Andy Gauss.

Very clear explanation what the heck happened.

http://www.projectcamelot.net/andy_gauss.mp3

[colibra]

I like the graphs they point out the fleecing of the people about every ten years.

[AlexLah]

I think you have no idea what they tell.

[colibra]

Here an interview with Andy Gauss.

Very clear explanation what the heck happened.

http://www.projectcamelot.net/andy_gauss.mp3

nice post and good interview. If that is not a conspiracy I don't know what is. Thanks

[Naam]

Actually when I said China had a lot of USD I didn't mean debt.

I thought I remembered reading somewhere they held billion due to income.

Walmart alone should be good for billions of income for them.

China's foreign currency reserves including gold is expected to reach a value of 2 Trillion dollars ($2,000,000,000,000.-) by january 2009!

I also see my quote above I meant to say billions of course. But I never would have guessed 2 trillion. I recently saw a chart showing the worlds gold holdings in tons. USA on top & Germany 2nd. I will look where China is

I wonder if China will demand repayment in gold soon?

do you really think the Chinese are stupid and eager to commit economic suicide?

[Naam]

Here an interview with Andy Gauss.

Very clear explanation what the heck happened.

http://www.projectcamelot.net/andy_gauss.mp3

nice post and good interview. If that is not a conspiracy I don't know what is. Thanks

Andy Gauss / TopSecret.com website / Aliens hiding in Wall Street / the Pope is a german Muslim from Bavaria........

[colibra]

Never heard of him before and there was not much new there but I liked what he had to say. I wasn't aware that he had such a fine resume. Aliens on wall street, wow. He sound like a real conspiracy guy. I'll have to check out his web site. I haven't had any good cool aid in a while. lol

[colibra]

NAAM

topsecret.com is a web site selling clothes. Well I guess the aliens have moved. Found it abovetopsecret.com

Edited October 26, 2008 by colibra

[flying]

Actually when I said China had a lot of USD I didn't mean debt.

I thought I remembered reading somewhere they held billion due to income.

Walmart alone should be good for billions of income for them.

China's foreign currency reserves including gold is expected to reach a value of 2 Trillion dollars ($2,000,000,000,000.-) by january 2009!

I also see my quote above I meant to say billions of course. But I never would have guessed 2 trillion. I recently saw a chart showing the worlds gold holdings in tons. USA on top & Germany 2nd. I will look where China is

I wonder if China will demand repayment in gold soon?

do you really think the Chinese are stupid and eager to commit economic suicide?

Do you mean because it is like biting the hand that feeds them?

If so I wondered because if the hand has a disease they might

If someone had asked me your question a year or two ago & substituted USA for China I probably woud say no also

[Naam]

Actually when I said China had a lot of USD I didn't mean debt.

I thought I remembered reading somewhere they held billion due to income.

Walmart alone should be good for billions of income for them.

China's foreign currency reserves including gold is expected to reach a value of 2 Trillion dollars ($2,000,000,000,000.-) by january 2009!

I also see my quote above I meant to say billions of course. But I never would have guessed 2 trillion. I recently saw a chart showing the worlds gold holdings in tons. USA on top & Germany 2nd. I will look where China is

I wonder if China will demand repayment in gold soon?

do you really think the Chinese are stupid and eager to commit economic suicide?

Do you mean because it is like biting the hand that feeds them?

that is in my view not a correct perception of the situation. China is riding a tiger (U.S.Treasuries and US-Dollar). it is rather safe sitting on the back of a tiger but quite dangerous getting off.

[flying]

that is in my view not a correct perception of the situation. China is riding a tiger (U.S.Treasuries and US-Dollar). it is rather safe sitting on the back of a tiger but quite dangerous getting off.

Good Analogy

Thanks

[OriginalPoster]

Here an interview with Andy Gauss.

Very clear explanation what the heck happened.

http://www.projectcamelot.net/andy_gauss.mp3

nice post and good interview. If that is not a conspiracy I don't know what is. Thanks

You're missing the big picture. All that it just a diversion to draw attention away from the Master Conspiracy, which has roots in the Illuminati.

[midas]

I cannot say what it is exactly but I'm getting an impression that

some people are thinking the worst is now over in the USA?

People over there are talking about the housing market possibly having

reached the bottom. Does anyone share this view ?

[lannarebirth]

I cannot say what it is exactly but I'm getting an impression that

some people are thinking the worst is now over in the USA?

People over there are talking about the housing market possibly having

reached the bottom. Does anyone share this view ?

The housing matket is a red herring. Maybe it has reached a bottom, maybe not. Probably within 20% in most areas. A better question is, where'd all the money go? I'm seeing block buys/sells of 4 million share of Diamonds DJIA ETF) everyday now. That's the US Treasury at work, inching the market up. I can only assume they want to put some air under it for when the real work of supporting UST's and the currency starts. That won't be kind to equities. Houses? I don't know. Probably move sidewyas for 10 years.

Edited November 3, 2008 by lannarebirth

[midas]

I cannot say what it is exactly but I'm getting an impression that

some people are thinking the worst is now over in the USA?

People over there are talking about the housing market possibly having

reached the bottom. Does anyone share this view ?

The housing matket is a red herring. Maybe it has reached a bottom, maybe not. Probably within 20% in most areas. A better question is, where'd all the money go? I'm seeing block buys/sells of 4 million share of Diamonds DJIA ETF) everyday now. That's the US Treasury at work, inching the market up. I can only assume they want to put some air under it for when the real work of supporting UST's and the currency starts. That won't be kind to equities. Houses? I don't know. Probably move sidewyas for 10 years.

well thanks for that lannarebirth

Its just gone so quiet.............

I was starting to sing that song by Peggy Lee

Is that all there is?

Is that all there is?

If that's all there is, my friend,

Then let's keep dancing,

If that's all there is........................

[cclub75]

I cannot say what it is exactly but I'm getting an impression that

some people are thinking the worst is now over in the USA?

People over there are talking about the housing market possibly having

reached the bottom. Does anyone share this view ?

Of course it's over. It was just a dream. A collective -and short- hallucination.

Oh by the way, a breaking news.

Citigroup loses USD 1.4 billion from card-backed assets in Q3 2008 Monday 3 November 2008 | 01:17 PM CET

For Q3 2008, Citigroup posts USD 1.4 billion in losses from card-backed assets and predicts that throughout 2009, such losses are to continue and even reach record levels.

In Q3 2007, the company gained USD 169 million from credit card securitisations. As a result of higher delinquencies on first mortgages, unsecured personal loans, credit cards and auto loans, the company decided to add USD 2.3 billion credit reserves for the North American consumer business as well as USD 855 million for the consumer business outside the US.

You see : it is over indeed. But probably with a different meaning...

[lannarebirth]

Lots going on in Europe too. Probably going to cut interest rates this week and then there's this:

[LaoPo]

Lots going on in Europe too. Probably going to cut interest rates this week and then there's this:

I don't understand...

As far as I know many parties have asked the respective Courts in their home countries as well as in Iceland (as far as the last 3 Banks in your image are concerned) to seize/block all assets of those 3 banks. (if there are any assets left..... )

How come there will be a "Net Fund Transfer" or AUCTION as it says ? .....

LaoPo

[lannarebirth]

Lots going on in Europe too. Probably going to cut interest rates this week and then there's this:

I don't understand...

As far as I know many parties have asked the respective Courts in their home countries as well as in Iceland (as far as the last 3 Banks in your image are concerned) to seize/block all assets of those 3 banks. (if there are any assets left..... )

How come there will be a "Net Fund Transfer" or AUCTION as it says ? .....

LaoPo

http://www.thedeal.com/dealscape/2008/11/d...s_prepare_f.php

http://www.thedeal.com/dealscape/2008/10/c...tions_for_i.php

[zorro1]

I feel bottom in the stock markets during next week and as well in EUR/JPY. Alex spray your magic to make this the real deal.

You were right. I spent around 45k in last 2 weeks over 10 different stocks and all are now in the green. Mostly commodities that were way oversold so I'm very happy as a 1st time investor although it was more luck than knowledge ,it HAD to bottom soon and just about everything is up

[stumonster]

the bottom will not be until the job market starts to rise again.