34 replies to this topic

[SemiBizz]

This is your last chance to be prepared... DB has sealed themselves off from any further capital rescue.  When a bank sells assets in distress to cover their commitments - no one will buy any new bond or stock issue.  The vultures, are right behind the hyenas now as they strip the carcass of this wounded wildobeast...

 

By next week, we could start to hear rumors of counterparty failures as the banks stop trusting each other...

 

I sure hope I'm wrong, but this is your LAST CHANCE to PREPARE.

 

Imagine a World in which your credit card is not accepted as your bank is put on a list of untrustables... and banks closed.

 

Remember DB's Exposure is 40X the size of the entire 2008 Crisis...

 

 

One more thing now that can have impact....

 

In the review conducted in November 2015, the IMF decided that the Renminbi (Chinese yuan) would be added to the basket effective October 1, 2016. From that date, the XDR basket will consist of the following five currencies: U.S. dollar 41.73%, Euro 30.93%, Chinese yuan 10.92%, Japanese yen 8.33%, British pound 8.09%.

 

 

[gameover]

selling fear

 

not going to happen

[SemiBizz]

selling fear

 

not going to happen

 

Really?  I sure hope you are right, but I have to go with my experience on this:

 

For example:  (Posted in June 2008)

 

Posted 10 June 2008 - 05:24 PM

 

Art Cashin said it best...That the lows we experienced during this winter's credit crisis would be followed up by new lows later in the year based on the economy. Just when you think the news is awful, it's going to get worse. The plight of the consumer is only one aspect. The next big calamity will be serious unemployment. I am expecting 7 to 8% here in California by this time next year. I think a lot of us on this board are traders who aren't in touch with the guts of the companies underlying the stock issues we trade every day. I am not one of them. I have my hand on the pulse of the economy in the work that I do. Without being too specific for now, I would stay clear of electronics, communications and semiconductors. We all know that the banks and brokers are bankrupt. Now the effects of all the weakness in these sectors along with the severe penalty the consumer is paying with this inflation are about to come home to roost. It's going to be a long hot summer. I recommend to everyone to take precautions. Make sure you have that emergency cache of water, food, firearms or whatever you might need prepared... The way this is unveiling is a little at a time. It's a giant game of Texas Hold'em and virtually EVERYONE is bluffing... First a Bear Stearns, then a Lehman, by September there will be an avalanche of firms in trouble and not just the banks and brokers, as if that wasn't bad enough, and they will not be rescued as the F'ed really can't save any of them but only delay the inevitable. So be ready for anything, there is not a single person alive that can help us. The F'eds and your government can do nothing to stop this, and that's exactly what they are doing. As citizens though we can band together and get much done though, and that's what it's going to take... Be Prepared !!

 

 

 

BE PREPARED !!

[gannman]

who would touch any of that crap. i agree semi it is simply a matter of time. as in 2008 they will lie lie lie up until their last breath. they dont know how to speak the truth. 

 

good riddance to our dishonest dishonarable banking system hopefully we come up with something better out of the ashes of this one

[MaryAM]

Its not just DB

 

http://www.telegraph...to-cut-9600-jo/

[SemiBizz]

Its not just DB

 

http://www.telegraph...to-cut-9600-jo/

 

No it is just DB - this is expected FALLOUT from COUNTERPARTY EXPOSURE...

 

And it's just started.

Edited by SemiBizz, 29 September 2016 - 10:17 AM.

[MaryAM]

Sounds like we need to stockpile food and ammunition.  I figure both will be as good as money at some point.  

[NAV]

Not now. After the elections.

[SemiBizz]

Watch ACTIONS....  I never want to be on the wrong side of the trade of this guy...He seems to ALWAYS get it RIGHT...

 

CARL ICAHN SELLING BIG TIME

[gannman]

look at db everything is fine just fine going to rally immediately personally i think it is  -- game over ha ha