|
|
Post by vl on Dec 30, 2010 20:55:12 GMT -5
Take a step back and observe. Things were very fast until recently. There is slowing but along with it- tension. We haven't seen any progress and yet the anal ists all say it's happening. That would indicate some sort of solidification in some attribute. Whatever they are seeing isn't strong enough to be evident, or, it's pulp fantasy.
Things are certainly unwinding. That's the basis for the tension. All other opinions considered, I'd really like to hear for Old and Gray and Mod E on historic comparables.
The way I see it... if 12/21/2012 is anything relevant, it's a new direction in confidence. Between now and then though, is the collapse of this post-maturity component in a very stubborn cycle that won't let go of past fortunes.
If I am correct... Platforms and Funds fall apart all through 2011. If this is so, something else is rising in fundamental stability to replace them. It's a combination of over-commercialized aspects revisited and re-utilized.
2011 will be an angry year.
|
|
bimetalaupt
Senior Member
Joined: Oct 9, 2011 20:29:23 GMT -5
Posts: 2,325
|
Post by bimetalaupt on Dec 30, 2010 21:09:46 GMT -5
V.L.,
Two problems Flow5 and I have talked about are still here>>> As Frank said.. The ECB is playing kick the can down the Street with the Sovereign Bond Problem for the PIIGS.. Now add Belgian... It is like 1931 When the largest of the Rothschild's bank crashed with the crash in the eastern Countries bonds because worthless.
Remember service at the banks.. Thing of the past as are loans. We will see a "Phase Delay" until banking returns to full capital.. Problem is none of the banks will have anywhere near the ROE as they have over the last 20 years.. Esp in Switzerland and Belgian. Too many countries in the EU are only booking countries to lower taxes: Like Ireland and Luxembourg. Banks must be recapitalized by 2018: HSBC and Citibank are the only two super heavy weight banks that have made it so far. That is after Citibank's sells off the assets it plans to sell off.
2011 could be an interesting year per Martin Wolfe from FT!!
Bi Metal Au Pt
|
|
|
|
Post by comokate on Dec 30, 2010 23:47:09 GMT -5
Remember service at the banks.. Thing of the past as are loans. /quote] There is a large Southeast-Asian ( the Hmong people) immigrant population here in the Twin- Cities. They moved here as Viet Nam war refugees and were sponsored by many church groups. Almost all started out on public assistance. Almost all have left it. They, culturally, value family, thrift, education, and the creation of mom & pop businesses. Many have run for public offices and won. They have tended to mistrust conventional banks ( smart people!) and instead opt for pooling the family financial resources and "taking turns" buying homes, businesses, paying for education, all with cash. There is strength in numbers. VL is right on in the fact that WE DON'T NEED BANKS, THEY NEED US !!! |
|
bimetalaupt
Senior Member
Joined: Oct 9, 2011 20:29:23 GMT -5
Posts: 2,325
|
Post by bimetalaupt on Dec 31, 2010 0:31:38 GMT -5
Kate,
i am not 100% sure but the Irish in New York only trusted the Irish Bank (Emigrant.. Sp with an E).. Small depositors came from the old country with dreams.. Work hard and lived cheap. Sure bet they have or will start there own credit union.. Like the Chan Family did in California.
Banks do make money and have high overhead. Ron Paul want to reduce or eliminate the Federal Reserve system.. Bank of the United States could be run from one office and cut cost but then it would soon be like the first three.. out of business with losses. The best of the Government owned banks is in your state.. in fact it has been the only one for years with real deposits and loans...Bank of North Dakota.
It does in fact act as a Central Bank in the European way.. Like Paul Warburg would have made the Federal Reserve system.. like the Bundesbank.
Just a thought,
Bi
|
|
|
|
Post by vl on Jan 1, 2011 9:16:00 GMT -5
IF indeed, we eliminated the Federal Reserve Bank and moved to a open purchase money by pledging collateral system... values would need to stabilize and with commercial property in trouble, homes would be a better choice to fix quick.
Doing so opens the door to localized lending funded by local anchors, just like grandma and grandpa did to pull out of the Great Depression.
IF the government created a very specific and simple boilerplate for credit extension and portfolio management (fixed rates, fixed terms, documentation mandates, etc), we wouldn't need a single New York or Dallas bank ever again.
WE ALL KNOW the only way up is through small business job creation and the only way to make small businesses is to cripple "big" through fast-moving target loans to entrepreneurs. I could be punching holes in Wal-Mart (which collapses Goldman Sachs and Chase) right now if I could generate the funds. Managing the portfolio is exciting... you need to be actively out there helping your clients make the most of the push.
Collapse the banks, eliminate Wall Street, Save America.
|
|
bimetalaupt
Senior Member
Joined: Oct 9, 2011 20:29:23 GMT -5
Posts: 2,325
|
Post by bimetalaupt on Jan 1, 2011 12:58:48 GMT -5
V.L., What would we do with the other two central Banks in the USA?  Bi Metal Au Pt |
|
|
|
Post by neohguy on Jan 1, 2011 15:20:03 GMT -5
Take a step back and observe. Things were very fast until recently. There is slowing but along with it- tension. We haven't seen any progress and yet the anal ists all say it's happening. That would indicate some sort of solidification in some attribute. Whatever they are seeing isn't strong enough to be evident, or, it's pulp fantasy. Things are certainly unwinding. That's the basis for the tension. All other opinions considered, I'd really like to hear for Old and Gray and Mod E on historic comparables. The way I see it... if 12/21/2012 is anything relevant, it's a new direction in confidence. Between now and then though, is the collapse of this post-maturity component in a very stubborn cycle that won't let go of past fortunes. If I am correct... Platforms and Funds fall apart all through 2011. If this is so, something else is rising in fundamental stability to replace them. It's a combination of over-commercialized aspects revisited and re-utilized. 2011 will be an angry year. Haven't you and I been watching the destruction of good paying jobs over the past 30yrs? Has there been any type of large concerted move to stop it? Don't our remaining union members and officials buy mutual funds in companies that are exporting their jobs? Have not the union leadership sold out their members by agreeing to a two tier system that pays new members significantly less while the older members brag about their investment savvy? Didn't WallMart become the largest private US employer because our citizens chose to support cheap Chinese labor instead of their neighbors job? Didn't we tearfully elect a president that promised change and then watch him immediately appoint a bunch of Goldman Sachs alumni? Didn't we allow the bailout of a bunch of useless investment "banks"? Is America angry after all this? Hell no. Do I think that you should continue your crusade to inform? Hell yes. Individuals that do what they think are right, no matter how few, are worth more than the thousands that boldly claim how they gained by cleverly going with the flow even though the long term consequences will be horrible. I salute you but don't expect much to happen in the US in 2011. People are content to watch their neighbor suffer as long as they are not personally affected. |
|
|
|
Post by vl on Jan 4, 2011 8:00:04 GMT -5
What would we do with the other two central Banks in the USA? Read more: notmsnmoney.proboards.com/index.cgi?board=moneytalk&action=display&thread=709#ixzz1A4RmfVvbYou fail to grasp the obvious... eliminate "central" and discounted money access. If you will be a "bank" generate profit the old-fashioned way-- WORK to build reputation by demonstrating good character, ethics and make sound choices. How about accepting responsibility for failed de-regulation and the WORST piece of legislation ever-- the Gramm Leach Bliley Act. Haven't you and I been watching the destruction of good paying jobs over the past 30yrs? Read more: notmsnmoney.proboards.com/index.cgi?board=moneytalk&action=display&thread=709#ixzz1A4SOpKklYour whole post IS THE TRUTH, NeOH... since when is taming the FREE ENTERPRISE frontier more important than framing those who would tame us and trashing the machines they use to do it with? When ANYONE in Congress can stand and recite our Laws, then we have laws that We The People can live with. Making so many laws that it is improbable to remember them is foolish. Time to press the RESET button. |
|
|
|
Post by neohguy on Jan 5, 2011 8:10:12 GMT -5
"Just One Victory We’ve been waiting so long, We’ve been waiting for the sun to rise and shine Shining still to give us the will Can you hear me, the sound of my voice? I am here to tell you I have made my choice I’ve been listening to what’s been going down There’s just too much talk and gossip going ’round You may think that I’m a fool, but I know the answer Words become a tool, anyone can use them Take the golden rule, as the best example Eyes that have seen will know what I mean The time has come to take the bull by the horns We’ve been so downhearted, we’ve been so forlorn We get weak and we want to give in But we still need each other if we want to win Hold that line, baby hold that line Get up boys and hit ’em one more time We may be losing now but we can’t stop trying So hold that line, baby hold that line If you don’t know what to do about a world of trouble You can pull it through if you need to and if You believe it’s true, it will surely happen Shining still, to give us the will Bright as the day, to show us the way Somehow, someday, We need just one victory and we’re on our way Prayin’ for it all day and fightin’ for it all night Give us just one victory, it will be all right We may feel about to fall but we go down fighting You will hear the call if you only listen Underneath it all we are here together shining still" s0.ilike.com/play#Todd+Rundgren:Just+One+Victory:58721:s290096.8493482.3249.0.2.96%2Cstd_9033cc5cc2c747b992579057fc84a080 |
|
|
|
Post by vl on Jan 7, 2011 7:44:23 GMT -5
Bernanke speaks today to a new Congressional audience that doesn't like him. Ron Paul will be speaking to him later-- Paul (and subsequently Rand Paul) want the Central Banks shut down. It makes much more sense than raising the Debt Ceiling for what-- the 87th time?
As Lindsay Graham said yesterday... "if we keep doing the same thing and get the same result over and over, we are describing insanity." I agree, sir. No more money printing, no more cash to Wall Street and banks. SHUT THEM DOWN, audit, reconcile, re-open with strong regulation, oversight and controls. Use revolving credit and ACH transacting for bare essentials during the process. If big business doesn't start hiring (at family-sustaining wages), start firing the execs and void those employment contracts.
|
|
wyouser
Senior Associate
Joined: Dec 20, 2010 16:35:20 GMT -5
Posts: 12,126 
|
Post by wyouser on Jan 7, 2011 11:56:39 GMT -5
well said..can we second that...
|
|
wyouser
Senior Associate
Joined: Dec 20, 2010 16:35:20 GMT -5
Posts: 12,126
|
Post by wyouser on Jan 7, 2011 11:59:08 GMT -5
and on the white house front Summers replacement is a JP Morgan retread.....?
|
|
|
|
Post by neohguy on Jan 7, 2011 14:20:05 GMT -5
I didn't vote for Obama because I promised my kid I would vote for Ralph Nader. We both vote at the same poll and I was afraid that if Nader only got one vote then I would be caught. To my son's credit though, he did say that either of the main party candidates would be beholden to the same corporate banking masters when they were elected. He was correct.
|
|
robinking
Junior Member
Joined: Dec 20, 2010 17:54:21 GMT -5
Posts: 167
|
Post by robinking on Jan 7, 2011 15:14:19 GMT -5
Take a step back and observe. Things were very fast until recently. There is slowing but along with it- tension. We haven't seen any progress and yet the anal ists all say it's happening. That would indicate some sort of solidification in some attribute. Whatever they are seeing isn't strong enough to be evident, or, it's pulp fantasy. Things are certainly unwinding. That's the basis for the tension. All other opinions considered, I'd really like to hear for Old and Gray and Mod E on historic comparables. The way I see it... if 12/21/2012 is anything relevant, it's a new direction in confidence. Between now and then though, is the collapse of this post-maturity component in a very stubborn cycle that won't let go of past fortunes. If I am correct... Platforms and Funds fall apart all through 2011. If this is so, something else is rising in fundamental stability to replace them. It's a combination of over-commercialized aspects revisited and re-utilized. 2011 will be an angry year. Haven't you and I been watching the destruction of good paying jobs over the past 30yrs? Has there been any type of large concerted move to stop it? Don't our remaining union members and officials buy mutual funds in companies that are exporting their jobs? Have not the union leadership sold out their members by agreeing to a two tier system that pays new members significantly less while the older members brag about their investment savvy? Didn't WallMart become the largest private US employer because our citizens chose to support cheap Chinese labor instead of their neighbors job? Didn't we tearfully elect a president that promised change and then watch him immediately appoint a bunch of Goldman Sachs alumni? Didn't we allow the bailout of a bunch of useless investment "banks"? Is America angry after all this? Hell no. Do I think that you should continue your crusade to inform? Hell yes. Individuals that do what they think are right, no matter how few, are worth more than the thousands that boldly claim how they gained by cleverly going with the flow even though the long term consequences will be horrible. I salute you but don't expect much to happen in the US in 2011. People are content to watch their neighbor suffer as long as they are not personally affected. Well said Neo. |
|
decoy409
Junior Associate
Joined: Dec 27, 2010 11:17:19 GMT -5
Posts: 7,582
|
Post by decoy409 on Jan 8, 2011 15:36:41 GMT -5
neo said,
Quote: Haven't you and I been watching the destruction of good paying jobs over the past 30yrs? Has there been any type of large concerted move to stop it? Don't our remaining union members and officials buy mutual funds in companies that are exporting their jobs? Have not the union leadership sold out their members by agreeing to a two tier system that pays new members significantly less while the older members brag about their investment savvy? Didn't WallMart become the largest private US employer because our citizens chose to support cheap Chinese labor instead of their neighbors job?
Didn't we tearfully elect a president that promised change and then watch him immediately appoint a bunch of Goldman Sachs alumni? Didn't we allow the bailout of a bunch of useless investment "banks"? Is America angry after all this? Hell no. Do I think that you should continue your crusade to inform? Hell yes. Individuals that do what they think are right, no matter how few, are worth more than the thousands that boldly claim how they gained by cleverly going with the flow even though the long term consequences will be horrible. I salute you but don't expect much to happen in the US in 2011. People are content to watch their neighbor suffer as long as they are not personally affected.
Well put neo.
|
|
|
|
Post by comokate on Jan 8, 2011 21:27:57 GMT -5
Very well said Neoh and I heartily agree !
|
|
