renterbob Posted September 19, 2008 Share Posted September 19, 2008 No 'Lehmans' jokes please. Seriously, it would be nice for new visitors and non-finance souls such as myself to have a clear, concise explanation of what is going on in the money markets and what this will cause in say the next 6-12 months in the UK. By seniors I mean the Bloo Loos, Injins and Steve Cooks. Quote Link to comment Share on other sites More sharing options...
Coldberry Posted September 19, 2008 Share Posted September 19, 2008 By seniors I mean the Bloo Loos, Injins and Steve Cooks. And dstars, ?..! and Particleman too...... Quote Link to comment Share on other sites More sharing options...
renterbob Posted September 19, 2008 Author Share Posted September 19, 2008 And dstars, ?..! and Particleman too...... Never heard of them Quote Link to comment Share on other sites More sharing options...
juvenal Posted September 19, 2008 Share Posted September 19, 2008 No 'Lehmans' jokes please.Seriously, it would be nice for new visitors and non-finance souls such as myself to have a clear, concise explanation of what is going on in the money markets and what this will cause in say the next 6-12 months in the UK. By seniors I mean the Bloo Loos, Injins and Steve Cooks. Seconded. Good post Quote Link to comment Share on other sites More sharing options...
King Stromba Posted September 19, 2008 Share Posted September 19, 2008 Come on someone spill the beans Quote Link to comment Share on other sites More sharing options...
Sonic the Hedge Fund Posted September 19, 2008 Share Posted September 19, 2008 And dstars, ?..! and Particleman too...... And not forgetting EDM... Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted September 19, 2008 Share Posted September 19, 2008 I'd like this as well especially in an HPC context e.g. will lenders start lending high LTVs again Quote Link to comment Share on other sites More sharing options...
Injin Posted September 19, 2008 Share Posted September 19, 2008 And not forgetting EDM... http://injinsalternativeuniverse.blogspot.com/ http://injinsalternativeuniverse.blogspot....fit-taking.html The story of the credit crunch is amazingly simple. It's as simple as the dotcom bubble and the great depression, as simple as the scam itself. It has a slight twist, however and more than a few wild cards.What the bankers have done is bubble housing on purpose, so they can take control of a lot of assets through the magic of people defaulting on debts that aren't there. Why, do you think, have the bankers done this? Well, to put it simply, the bankers are short on time. Two things are against them - the first being the rise of home computing/printing and the second being the massive debts they have run up via their proxy companies "the united states, the united kingdom" etc. They've promised pensions and universal healthcare and a playboy model for every 16 year old boy and a whole boatload of other stuff to keep the general citizenry passive which they haven't got a hope in hell of actually providing. A nice economic crisis will solve that problem for them. No pension for you, grandad - "credit crunched", no medical care for you young 'un - "credit crunched" and no pay rises and lots more taxes and regulations for all the little folks who just go to work every day and are no harm to anyone. Or so the plan goes.......all hung on a simple slogan "credit crunch." But it's just paper!!!111 Fiat paper currency is pretty well crafted. It's so well crafted that a man in Glasgow managed to print a few hundred million "perfect" ten pound notes a year or so ago. It's so well crafted that a family in the south of england managed to print "enough money to destablise the bank of england." Counterfeit, of course. Not that you or me could tell them apart, but the man in the wig calling himself a judge said they were so they must be. Here is the problem of paper fiat, going forward - home printing will eventually catch up to the top of the line printing of currency to a good enough standard to fool shopkeepers. Simple as that. It doesn't have to be perfect - just good enough to hand over to a corner store. At this point the empire of fiat is doomed. Given that PC's double in power every 15 minutes it seems and home printing also improves at a breakneck speed the day when it's uneconomical to keep up the paper part of the banking scam mustn't be all that far away. The bankers must know this, and one would expect them to be preparing for it, one way or another. All those madcap cashless society and RFID tagging schemes that the internet has been chattering about for a while now suddenly start to make a bit more sense, don't they? It's either start providing people with actual value (like gold or something) or get them into a database. As providing people with value for their labour isn't what banking is all about, a database is the preferred solution! The other thing about the PC revolution is the internet. Right now you can go and watch umpteen videos about banking, get help with your debts, learn about fractional reserves, gold standards and all the lovely and obscure stuff that was up until a few years ago kept well out of the public arena. Now we have forums, blogs and lots and lots and lots of chatter. Word is spreading. Slowly, but surely, word is spreading. Here is the plan - 1) Bubble housing by targetting that sector for cheap loans. (Remember, to the guy who owns the printing press paper money really IS worthless and even if it wasn't it doesn't matter he'll be getting it back soon enough!) 2) Do this in a few countries at the same time. Tv shows ramping property, magazine articles and all that jazz to accompany the cheap money. 3) Once the bubble is underway and in full swing, stop handing back out the money that is taken in and crash the whole system. This is a nice deflationary bit - when the market realises there is less money than has appeared because velocity has been so high and everything gets repriced. 4) Once everyone and their dog is flat broke and going bankrupt, print up a boatload of new cash to but their assets and technically pay all those outstanding state and private debts. You set aside a million for your pension? No problem, here have a million back - it will buy you a cup of coffee with no sugars. 5) Reboot the system with a new currency, preferably global or multi regional and probably claiming it is backed by gold to shut the goldbugs (and others who were paying attention pre bust) up. Actually it will be a database effort with ID cards and tagging if they can possibly get away with it. If not, they can always just go back to pretending they have more gold in a small household safe than exists in the whole world. And they will have almost all the gold, make no mistake. 6) Go back to business as usual and start again, only starting with owning most of the real estate on planet earth's western bit. (Lovely views, crazy skies.) or so the plan goes, or so the plan goes. Chuck in a contrived war, Iron Man/Father of the people rescuer hero figure, persecution of a minority or two, strikes, riots, Tom Joad, gold confiscation, the discovery of a massive fraud or three that mysteriously don't get prosecuted and that's about it. The paper is worthless if you own the press. It's the defaults that the bankers seek. Bankrupcy for you and yours is profit taking for them and theirs. Quote Link to comment Share on other sites More sharing options...
Moo Posted September 19, 2008 Share Posted September 19, 2008 (edited) By seniors I mean the Bloo Loos, Injins and Steve Cooks. Bloo Loo : [Logical semi-deflationist explanation] Injin : Lehman never existed anyway. Steve Cook : Who cares, we're out of oil by Wednesday anyway. Yer best bet is !..?, Extradry, DStars, or Particleman. Edited to add... Bloo Loo, that's not meant in a negative way. Edited September 19, 2008 by Moo Quote Link to comment Share on other sites More sharing options...
Robot Piston Posted September 19, 2008 Share Posted September 19, 2008 Yes, they are keeping the answer to what is going to happen in 6-12 months time to themselves, the selfish barstewards! They understand some of the causes and effects in the machine (mechanic knows spark ignites mixture, pushing piston, then crank, rotaring wheel, spilling tea and trapping foot) but their powers are not mystical (mechanic interrogates ignition software on car, predicts massive pile-up on Bavarian Autobahn in two weeks time) Quote Link to comment Share on other sites More sharing options...
The XYY Man Posted September 19, 2008 Share Posted September 19, 2008 September 2008. - Explained in layman's terms by the XYY Man - Hpc juvenile piss-taker... 9th month of the year of 2008 AD. Preceded by: August 2008 Followed by: October 2008 There you are - no need to bother Injun and Steve... X Y Y Quote Link to comment Share on other sites More sharing options...
Moo Posted September 19, 2008 Share Posted September 19, 2008 September 2008. - Explained in layman's terms by the XYY Man - Hpc juvenile piss-taker... Stop taking my job... Quote Link to comment Share on other sites More sharing options...
'Bart' Posted September 19, 2008 Share Posted September 19, 2008 DStars was a top poster. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted September 19, 2008 Share Posted September 19, 2008 Never heard of them bloody n00bs, SIYF. Quote Link to comment Share on other sites More sharing options...
Parkwell Posted September 19, 2008 Share Posted September 19, 2008 Ah, but CGNAO could always sum it up with a picture. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted September 19, 2008 Share Posted September 19, 2008 DStars was a top poster. Agreed. I don't miss Bart of Darkness though. He was a wrong'un. Quote Link to comment Share on other sites More sharing options...
Moo Posted September 19, 2008 Share Posted September 19, 2008 Ah, but CGNAO could always sum it up with a picture. Why (Note... no, I don't, and it isn't... ) Quote Link to comment Share on other sites More sharing options...
megaflop2 Posted September 19, 2008 Share Posted September 19, 2008 No 'Lehmans' jokes please.Seriously, it would be nice for new visitors and non-finance souls such as myself to have a clear, concise explanation of what is going on in the money markets and what this will cause in say the next 6-12 months in the UK. By seniors I mean the Bloo Loos, Injins and Steve Cooks. If this isn't a piss take then I want my subscription money back... Quote Link to comment Share on other sites More sharing options...
tinker Posted September 19, 2008 Share Posted September 19, 2008 (edited) Bloo Loo : [Logical semi-deflationist explanation]Injin : Lehman never existed anyway. Steve Cook : Who cares, we're out of oil by Wednesday anyway. Yer best bet is !..?, Extradry, DStars, or Particleman. Edited to add... Bloo Loo, that's not meant in a negative way. Made me laugh out loud. HPC enlightment and more humour than Peter Kay doing a turn on a northern club grab-a-granny speed dating night. Edit: too slow posting to get away without quoting [Moo] Edited September 19, 2008 by tinker Quote Link to comment Share on other sites More sharing options...
The XYY Man Posted September 19, 2008 Share Posted September 19, 2008 (edited) Stop taking my job... Can you translate that into Polish...??? HPC enlightment and more humour than Peter Kay doing a turn on a northern club grab-a-granny speed dating night. Paraphrasing Mr Kay - "Little bit of racism for t' dads...!" X Y Y Edited September 19, 2008 by The XYY Man Quote Link to comment Share on other sites More sharing options...
UndercoverElephant Posted September 19, 2008 Share Posted September 19, 2008 Why Has An Hpc Senior Veteran Not Explained, What is going on in Sept 2008 in simple Laymans terms Because they can't? I post on several boards where somebody might have been expected to provide such an explanation, but nobody has. Nor has any link appeared in blogs or counter-culture news sources. I am not convinced that anybody knows what is going to happen. Nothing like this has ever happened before, nobody knows who is telling the truth and who is lying or who understands what and who doesn't. Quote Link to comment Share on other sites More sharing options...
bearORbullENIGMA Posted September 19, 2008 Share Posted September 19, 2008 http://injinsalternativeuniverse.blogspot.com/http://injinsalternativeuniverse.blogspot....fit-taking.html Nice story Injin, but given that the housing boom was a perfect way to stimulate the economy & avoid/put off the bust at the end of the boom cycle & given that - if we accept the kontratieff wave theory - this bust wasn't just going to be like any bust, it was going to be a really huge 1930's style bust, isn't it more likely that they were just attempting to hold back the inevitable. Nice attempt to ramp gold though. Quote Link to comment Share on other sites More sharing options...
Moo Posted September 19, 2008 Share Posted September 19, 2008 Can you translate that into Polish...??? Kiwi High Gloss Black. I'm sorry, I appear to have had an evening on the sauce. Quote Link to comment Share on other sites More sharing options...
Injin Posted September 19, 2008 Share Posted September 19, 2008 Nice story Injin, but given that the housing boom was a perfect way to stimulate the economy & avoid/put off the bust at the end of the boom cycle & given that - if we accept the kontratieff wave theory - this bust wasn't just going to be like any bust, it was going to be a really huge 1930's style bust, isn't it more likely that they were just attempting to hold back the inevitable.Nice attempt to ramp gold though. You might want to read http://injinsalternativeuniverse.blogspot....d-is-money.html I don't think gold is of any use at all. Quote Link to comment Share on other sites More sharing options...
Guest Steve Cook Posted September 19, 2008 Share Posted September 19, 2008 (edited) No 'Lehmans' jokes please.Seriously, it would be nice for new visitors and non-finance souls such as myself to have a clear, concise explanation of what is going on in the money markets and what this will cause in say the next 6-12 months in the UK. By seniors I mean the Bloo Loos, Injins and Steve Cooks. Thank you for the compliment of including me on your list. However, in doing so, you credit me with an inteligence and insight I do not posess any more than anyone else on here. I'm just a nerdy little git who posts too much..... Edited September 19, 2008 by Steve Cook Quote Link to comment Share on other sites More sharing options...
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