lordofcolchester Posted October 7, 2008 Share Posted October 7, 2008 Printing presses have been started ...M1: The sum of currency held outside the vaults of depository institutions, Federal Reserve Banks, and the U.S. Treasury; travelers checks; and demand and other checkable deposits issued by financial institutions (except demand deposits due to the Treasury and depository institutions), minus cash items in process of collection and Federal Reserve float. http://research.stlouisfed.org/fred2/series/M1 Date Value ($bn) 2008-08-25 1385.1 2008-09-01 1399.9 2008-09-08 1395.7 2008-09-15 1411.3 2008-09-22 1472.2 M2: M1 plus savings deposits (including money market deposit accounts) and small-denomination (less than $100,000) time deposits issued by financial institutions; and shares in retail money market mutual funds (funds with initial investments of less than $50,000), net of retirement accounts. http://research.stlouisfed.org/fred2/series/M2 Date Value ($bn) 2008-08-25 7720.0 2008-09-01 7715.4 2008-09-08 7714.5 2008-09-15 7734.5 2008-09-22 7900.0 M3 figures been left out for a reason, by any chance. From what I hear M3 seems to be a different story. Quote Link to comment Share on other sites More sharing options...
Errol Posted October 7, 2008 Author Share Posted October 7, 2008 M3 figures been left out for a reason, by any chance. From what I hear M3 seems to be a different story. They've been left out for a very good reason. The US government doesn't want you to see them! http://www.federalreserve.gov/releases/h6/discm3.htm Release Date: November 10, 2005, revised March 9, 2006 Discontinuance of M3 On March 23, 2006, the Board of Governors of the Federal Reserve System will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release. Quote Link to comment Share on other sites More sharing options...
endgame Posted October 7, 2008 Share Posted October 7, 2008 Bullion dealers running out of gold. Check it out http://www.goldline.co.uk No coins only bars http://coininvestdirect.com/main.php?a=10&id=2 No bars, only coins Icesave gone bust. British savers lost their money. 8 days left. Is the possibility of melt down greater today than yesterday? Yes I think so. Quote Link to comment Share on other sites More sharing options...
Elizabeth Posted October 7, 2008 Share Posted October 7, 2008 Bullion dealers running out of gold. Check it outhttp://www.goldline.co.uk No coins only bars http://coininvestdirect.com/main.php?a=10&id=2 No bars, only coins Icesave gone bust. British savers lost their money. 8 days left. Is the possibility of melt down greater today than yesterday? Yes I think so. Problem is that Panic has set in. Effectively the need to panic is based on the panic itself. Scary group psychology on an international scale. Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted October 7, 2008 Share Posted October 7, 2008 Icesave gone bust. British savers lost their money. Wrong. Is the possibility of melt down greater today than yesterday? Yes I think so. I think I will go with you on this one. Quote Link to comment Share on other sites More sharing options...
bendy Posted October 7, 2008 Share Posted October 7, 2008 tbh if it all goes then nothing will be worth anything other than survival instinct. the chavs could well rule the earth yet. Quote Link to comment Share on other sites More sharing options...
Redcellar Posted October 7, 2008 Share Posted October 7, 2008 tbh if it all goes then nothing will be worth anything other than survival instinct.the chavs could well rule the earth yet. What an amusing set of posts so far. If anarchy has set in then I am scared. I saw an old lady buy a loaf of bread today! Yes she bought one loaf so the end of the world is nigh. Whilst we are on the subject, expect its old news, the Bank of Origami in Japan has just folded. Quote Link to comment Share on other sites More sharing options...
Bubble&Squeak Posted October 7, 2008 Share Posted October 7, 2008 Oh grow up! How can any one say no chance. I can't say that there is no chance that I will be struck blind in the next 10 days, but that doesn't mean I should go out and buy a labrador.Anyway, your man is quite specific. He says there is a 95% chance of a worldwide bank freeze in the next 10 days. Where does he get 95% from? Why not 100% or 85%? He's just pluck a figure out of the air and given himself a 5% escape clause. What a pile of crap! Now, now don't play with the shameless gold rampers Quote Link to comment Share on other sites More sharing options...
Errol Posted October 7, 2008 Author Share Posted October 7, 2008 sinclair now predicting a bank holiday - An implosion of the banking system is coming, which means a bank holiday will occur. You now must have enough cash in hand to last a month or two. If you have not distanced yourself from financial agents then you have a financial death wish. If you have NOT made absolutely sure that your custodian account is a real custodial- ship you are probably in for a surprise. jsmineset.com Quote Link to comment Share on other sites More sharing options...
endgame Posted October 7, 2008 Share Posted October 7, 2008 Problem is that Panic has set in. Effectively the need to panic is based on the panic itself. Scary group psychology on an international scale. There is good reason to panic. Remember the petrol panic? Those who panicked last couldn't get any. cgnao rules on panicking Don't panic Panic first Quote Link to comment Share on other sites More sharing options...
Nicholas Cage Posted October 7, 2008 Share Posted October 7, 2008 95% chance of something happening in the next 12 days which releates to banking. Quote Link to comment Share on other sites More sharing options...
Errol Posted October 7, 2008 Author Share Posted October 7, 2008 95% chance of something happening in the next 12 days which releates to banking. 100%, surely? Quote Link to comment Share on other sites More sharing options...
athe Posted October 7, 2008 Share Posted October 7, 2008 95% chance of something happening in the next 12 days which releates to banking. 100%, surely? Not if there's a 12 day bank holiday Quote Link to comment Share on other sites More sharing options...
Nicholas Cage Posted October 7, 2008 Share Posted October 7, 2008 100%, surely? Magic 8 ball says, No Way! Quote Link to comment Share on other sites More sharing options...
endgame Posted October 7, 2008 Share Posted October 7, 2008 Wrong.I think I will go with you on this one. What do you mean wrong? Icesave has gone bust and some savers have lost their money. Said it on all the news channels. Quote Link to comment Share on other sites More sharing options...
Errol Posted October 9, 2008 Author Share Posted October 9, 2008 Only 5 days to go. One wonders whether the markets etc. will open on Monday if all this turmoil continues ... Quote Link to comment Share on other sites More sharing options...
Errol Posted October 9, 2008 Author Share Posted October 9, 2008 Jim Willie's latest article - EXTREME STORM RIGHT AHEAD - Article Quote Link to comment Share on other sites More sharing options...
Errol Posted October 10, 2008 Author Share Posted October 10, 2008 So, what's the chance the world markets don't open on monday? Quote Link to comment Share on other sites More sharing options...
You Ain't Seen Nothing Yet Posted October 10, 2008 Share Posted October 10, 2008 (edited) If anarchy does ensue then you better make sure your money is in a fireproof, booby trapped safe, buried underground. Personally I'd feel safer knowing it's in a national bank. If the system collapses and chaos pursues money will be the last of anybody's concerns; we'll all be too busy fighting and pillaging. Anyway 89.76% of all statistics are made up. Edited October 10, 2008 by You Ain't Seen Nothing Yet Quote Link to comment Share on other sites More sharing options...
Errol Posted October 10, 2008 Author Share Posted October 10, 2008 CNBC calling for 'market holiday'. Berlusconi tells press that world leaders 'have discussed suspension of markets' worldwide. Quote Link to comment Share on other sites More sharing options...
Errol Posted October 12, 2008 Author Share Posted October 12, 2008 Looking a bit more likely now. Perhaps. Quote Link to comment Share on other sites More sharing options...
renterbob Posted October 12, 2008 Share Posted October 12, 2008 Looking a bit more likely now. Perhaps. I posted this elsewhere but theyappear to be acting now rather than waiting for them to fall one by one, unlike the Icelandic guinea pig Iceland's central bank governor says it can afford to guarantee all deposits.Iceland is booming and is now the most developed country in the world, says the United Nations. British brands like House of Fraser and West Ham United, are now owned here Iceland's biggest bank Landsbanki has led the way winning 170,000 British savers and is growing by 1,000 depositors a day. These are complex trades called Credit Default Swaps or CDS. They allow investors to rate the chances of a bank defaulting on its corporate debts. Zero means no chance of default - now Lloyds TSB currently rates 85 basis points and HSBC is slightly higher. Bradford and Bingley, a second tier UK bank, is just over 300. While Landsbanki stands at 469 and Kaupthing is much higher at 706 And finally .....Mark Sismey Durrant from Icesave said: "We're holding on to customers for the long term."[/quote] http://www.channel4.com/news/articles/busi...savings/1697147 Quote Link to comment Share on other sites More sharing options...
mattyboy1973 Posted October 12, 2008 Share Posted October 12, 2008 Looking a bit more likely now. Perhaps. Good call Errol! Quote Link to comment Share on other sites More sharing options...
1929crash Posted October 12, 2008 Share Posted October 12, 2008 Good call Errol! Agreed. Is there anyone on this site who has not been out and bought more food? Quote Link to comment Share on other sites More sharing options...
porca misèria Posted October 12, 2008 Share Posted October 12, 2008 Agreed. Is there anyone on this site who has not been out and bought more food? Yeah, me. Been away from home all week, and don't want to carry too much weight onna 7-hour journey tomorrow. Quote Link to comment Share on other sites More sharing options...
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