Don't be so hard on Fanny & Freddy  

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Shadow Man
Man
Joined: 1 year ago
Posts: 88
08/09/2018 5:16 pm  

Most people blame Fanny and Freddy but were they really the ultimate underlying course?

No? I don't think so.

Could 2008 happen again?

Undoubtedly yes and infact it's a matter of when. You see financial services innovates at a pace of knots and legislation and regulation, even if we assume it is robust, which Dodd Frank aint, when implemented, it never keeps up.

 

You see that's what banksters do they find ways around legislation and then use their massive power to remove it and prevent more.

Chopping up and reselling of debt is no longer confined to mortgages.

You may ask but why are so few people warning about the impending doom and I'll tell you why. Survival in the workplace is about conformance not performance and the murky sniff and whore fueled world of global financial services is no different.

Dodd Frank was about as effective as the old proverbial verbal contract; not worth the paper it was written on.

In reality the bubble if 2008 was far smaller than that of 2001. So why was it the worse recession since 1929?

Derivatives

And when the current bubble goes pop -which it will within the next 6 months, you are facing the like of which we have never faced in the history of capitalism.

The craving for more and more mortgages was a direct result of The Gramm-Rudman Act which allowed banks to trade in derivatives. The big problem was the diversity of ownership these mortgage backed securities which ranged from hedge funds, to mutuals to pension funds.

In simple terms the banksters had put the mortgages into the blender and dicing machine and sold them making pricing the derivatives somewhat difficult.

You may ask why a pension fund manager would be so non risk averse as to buy something so risky?

Credit Default Swaps

Unfortuantely AIG did not have sufficient cash flow to honour what it has sold.

( in simple terms a CDS is an insurance policy against default on a loan)

But remember the loans (mortgages) had been put in the dicing machine and resold in layers or what the banksters like to call tranches.

Consequently when the derivatives dropped in value and AIG could not cover all he swaps mass panic ensued and banks stopped lending to one another.

Of course my bredrin Market Watcher knows what the other effect was-a rise in LIBOR (irrespective of the UK LIBOR rigging scandal)

Libor is basically the rate at which banks lend to one another and stands for London Inter-bank Offered Rate

It was the lack of trust that ultimately caused the crash.

You see backing is really one giant game of musical chairs and the mother funking music stopped.

Of course the predators start swooping in and starting the rumours about just how much toxic assets a bank does hold.

And many of you will know the rest about Bear Stearns approaching JP Morgan Chase basked  by a $30 billion guarantee from the Fed.

But this id not stop the panic, mistrust and DR Doom rumour spreaders (money to be made out of collapse you know).

As many of you will know the bail out of fanny and freddie followed as did another  $150 billion to bail out AIG.

What happened next was a run on what are called the ultra safe money markets

(a run is basically a prolonged upwards or donwards trend in prices)

The ultra safe money markets are used by banks when they are offering short terms loans because these markets allow the bank to earn relatively small but significant enough amounts of interest with 12 to 24 hours.

What companies then did was move money into treasury bonds as they are regarded to be even safer as they offer a fixed interest rate paid twice per year  and are only taxed (if my understanding  f the american system is right) are only taxed at a lower rate federal level. Failure of treasury bonds on a mass scale results in an economy that will grind to a halt.

The banks had effectively manipulated a bailout to rescue them from their own reckless trading and greed.

The collapse is coming comrades...

Have a great day

 

 

 

 


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Don Keyknob
Moderator
Joined: 1 year ago
Posts: 1331
08/09/2018 5:59 pm  

Most people blame Fanny and Freddy but were they really the ultimate underlying course?

No? I don't think so.

Could 2008 happen again?

Undoubtedly yes and infact it's a matter of when. You see financial services innovates at a pace of knots and legislation and regulation, even if we assume it is robust, which Dodd Frank aint, when implemented, it never keeps up.

 

You see that's what banksters do they find ways around legislation and then use their massive power to remove it and prevent more.

Chopping up and reselling of debt is no longer confined to mortgages.

You may ask but why are so few people warning about the impending doom and I'll tell you why. Survival in the workplace is about conformance not performance and the murky sniff and whore fueled world of global financial services is no different.

Dodd Frank was about as effective as the old proverbial verbal contract; not worth the paper it was written on.

In reality the bubble if 2008 was far smaller than that of 2001. So why was it the worse recession since 1929?

Sit comfortably and keep quiet at the back because Old Uncle BS is about to tell you...

Derivatives

And when the current bubble goes pop -which it will within the next 6 months, you are facing the like of which we have never faced in the history of capitalism.

The craving for more and more mortgages was a direct result of The Gramm-Rudman Act which allowed banks to trade in derivatives. The big problem was the diversity of ownership these mortgage backed securities which ranged from hedge funds, to mutuals to pension funds.

In simple terms the banksters had put the mortgages into the blender and dicing machine and sold them making pricing the derivatives somewhat difficult.

You may ask why a pension fund manager would be so non risk averse as to buy something so risky?

Well stop fidgeting at the back because Old BS is about to tell you...

Credit Default Swaps

Unfortuantely AIG did not have sufficient cash flow to honour what it has sold.

( in simple terms a CDS is an insurance policy against default on a loan)

But remember the loans (mortgages) had been put in the dicing machine and resold in layers or what the banksters like to call tranches.

Consequently when the derivatives dropped in value and AIG could not cover all he swaps mass panic ensued and banks stopped lending to one another.

Of course my bredrin Market Watcher knows what the other effect was-a rise in LIBOR (irrespective of the UK LIBOR rigging scandal)

Libor is basically the rate at which banks lend to one another and stands for London Inter-bank Offered Rate

It was the lack of trust that ultimately caused the crash.

You see backing is really one giant game of musical chairs and the mother funking music stopped.

Of course the predators start swooping in and starting the rumours about just how much toxic assets a bank does hold.

And many of you will know the rest about Bear Stearns approaching JP Morgan Chase basked  by a $30 billion guarantee from the Fed.

But this id not stop the panic, mistrust and DR Doom rumour spreaders (money to be made out of collapse you know).

As many of you will know the bail out of fanny and freddie followed as did another  $150 billion to bail out AIG.

What happened next was a run on what are called the ultra safe money markets

(a run is basically a prolonged upwards or donwards trend in prices)

The ultra safe money markets are used by banks when they are offering short terms loans because these markets allow the bank to earn relatively small but significant enough amounts of interest with 12 to 24 hours.

What companies then did was move money into treasury bonds as they are regarded to be even safer as they offer a fixed interest rate paid twice per year  and are only taxed (if my understanding  f the american system is right) are only taxed at a lower rate federal level. Failure of treasury bonds on a mass scale results in an economy that will grind to a halt.

The banks had effectively manipulated a bailout to rescue them from their own reckless trading and greed.

The collapse is coming comrades...

Have a great day

Dr Doom.

 

 

 

 

If I end up dying in this collapse....and I probably will....I'm gonna kill you!!!  😉  

Please provide me with a fully detailed 'complete coward's operational pamphlet'.

In contrast to normal, I'm not even kidding....I won't last 5 minutes.  

 


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Don Keyknob
Moderator
Joined: 1 year ago
Posts: 1331
08/09/2018 6:03 pm  

In an instance of survival necessity, I'd like to think that I'd do this - 

But I'd probably do this - 


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BigSiameseCat
Founder.
Joined: 1 year ago
Posts: 1095
08/09/2018 6:08 pm  

Great Post! While I am not convinced that the collapse will come within 6 months, I do think it is coming. Feel free to post more about this subject, as I retain an open mind about the timing and nature of the coming collapse. I do feel the need to point out that an imminent collapse has been predicted by many since 2011, so any prediction needs some evidence and a chain of reason to support it before I am convinced.

All men who have the ability should give some serious thought to planning for a market/currency collapse. Diversifying assets to include assets outside the financial system would be wise. The men who think they are safe with a $500,000 401K balance and little else are in for a rude surprise.


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MG-ɹǝʍo┴
Founder..
Joined: 1 year ago
Posts: 2924
09/09/2018 3:18 am  

Fuck this! Next crash it's PAYBACK TIME, and motherfuckers are gonna DIE! 


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Uly The Cunning
Admin
Joined: 1 year ago
Posts: 2190
09/09/2018 3:54 am  

Women are defaulting on their loans at an alarming rate, and are now saying that single men who don't have families should take up the slack, since they are not taking care of someone. They are so selfish and lack any sense of responsibility, that they continue to seek anyone to bail them out of their poor life choices. I think that women that default on their loans should lose their right to vote until they pay off their loan. Imagine how much better things will run when those that are just looking for handouts stop voting with greed in mind, but think more of what will make the nation as a whole better. 

"Remember, you're fighting for this woman's honor, which is probably more than she ever did."
Groucho Marx: Duck Soup (1933)


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MG-ɹǝʍo┴
Founder..
Joined: 1 year ago
Posts: 2924
09/09/2018 8:29 am  

Let women default on loans and collapse the banking system and all the other patriarchial systems including government in its entirety, then where will they run to have others to shoulder their folly? 

I'm more of the belief they will continue to abuse power and responsibility as they have since they've seized it from the beginning of the gender bowel movement!

To quote Hellary, "we'll just take that money and use it to ----" 

 Taking money is no different than STEALING money when it's done by government on the private citizen collectively or singular, it still stealing from one to give to another that's LESS DESERVING!

I live at the bottom of society where the written law endangers and charts this place and private citizens on a journey straight to governed hell.

They want? That's a joke! How about go out and EARN YOUR FUCKING LIVING!   


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c^Pig
Founder..
Joined: 1 year ago
Posts: 746
09/09/2018 3:12 pm  

"are now saying that single men who don't have families should take up the slack, since they are not taking care of someone."

 

They'll just have to go pound sand.  We turnips have no blood left to spare.

🙂 🙂 🙂 Happy thoughts make happy slaves 🙂 🙂 🙂


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Uly The Cunning
Admin
Joined: 1 year ago
Posts: 2190
09/09/2018 7:49 pm  
Posted by: C-Pig

"are now saying that single men who don't have families should take up the slack, since they are not taking care of someone."

 

They'll just have to go pound sand.  We turnips have no blood left to spare.

This is something that these females are starting to realize. They had their time in the sun, but now the free labor is dried up almost as much as their leathered skin. They are running out of blue-pill men to leach off of.

"Remember, you're fighting for this woman's honor, which is probably more than she ever did."
Groucho Marx: Duck Soup (1933)


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Uly The Cunning
Admin
Joined: 1 year ago
Posts: 2190
09/09/2018 7:56 pm  
Posted by: MG-Tower

They want? That's a joke! How about go out and EARN YOUR FUCKING LIVING!   

This will never happen,  Females are incapable of doing any real labor. They think being a waitress, serving coffee is as hard as a man's job working on an oil rig or coal mine. Whenever a female puts herself in a position of labor, she demands constant attention and acknowledgement of her every moment, while constantly needing help and slowing down productivity because of her lack of strength and common sense. She continues to endanger the work environment for everyone involved with her presence.  Men are constantly at a greater risk with each female present in any work environment, and even more so when it is one that is labor intensive. The female mind is only after attention, possessions and money, and they feel that men owe her this simply because she is female. This is their idea of equality.

"Remember, you're fighting for this woman's honor, which is probably more than she ever did."
Groucho Marx: Duck Soup (1933)


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Don Keyknob
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Joined: 1 year ago
Posts: 1331
09/09/2018 8:02 pm  
Posted by: Uly The Cunning

This is their idea of equality.

I often wonder if we should change that word to 'EQUOUTCOME'????

They don't want genuine equality....they don't want equality of opportunity either as there are no easy benefits to that. They want equoutcome +. 

Did I say 'want'?  Silly me. I meant 'demand'.


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Market Watcher
Moderator
Joined: 1 year ago
Posts: 191
09/09/2018 8:30 pm  

I agree. We are doing the same things we did in the early 2000's.  Bundle and sell debt. 

Every "professional " I speak to tells me this time it is different because the credit quality of the average note is better. I doubt that.

The only correction I will make to the topic is that it is Fannie Mae, not Fanny. 


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BigSiameseCat
Founder.
Joined: 1 year ago
Posts: 1095
10/09/2018 12:59 am  

Buying bitcoin is speculating. Don't buy more than you can afford to lose, as with any speculation. It may pay off well, it may lose heavily. The potential for gating in a bear market certainly exists.


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BigSiameseCat
Founder.
Joined: 1 year ago
Posts: 1095
10/09/2018 1:04 am  

That you can't get blood out of a turnip has been demonstrated many times throughout history. If the overall tax rate of a man's labor exceeds a certain level, he is no longer motivated to work hard and will work the minimum needed to survive, as soon as he escapes the plantation, anyway.


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Maximus Aurelius
Founder
Joined: 1 year ago
Posts: 15
10/09/2018 5:50 pm  
 

.................................

The banks had effectively manipulated a bailout to rescue them from their own reckless trading and greed.

The collapse is coming comrades...

Have a great day

Dr Doom.

 

 

 

 

So, Dr, Doom. Where and what are the solutions, options or any ideas for either avoiding or surviving such impending doom?

This cannot be another chicken little story.......

Where is Winston Churchill when we need him!!?? 😳 


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Don Keyknob
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Joined: 1 year ago
Posts: 1331
10/09/2018 6:54 pm  

Chicken Lickin we call it. 


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Maximus Aurelius
Founder
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Posts: 15
10/09/2018 7:07 pm  

Ahh.. My apologies.. chicken little was a story book tale about the sky is falling..

As Don helpfully pointed out,  AKA chicken Licken..

The intention of my post was not to put any label on the title of the thread , as to hear more about solutions, options or avoidance of said Collapse.

And, shouldn't there be more to the validity of any collapse than the emotions of Arrogance, optimism, or any level confidence, clarity of eye sight  not withholding?

 


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Don Keyknob
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Joined: 1 year ago
Posts: 1331
10/09/2018 7:38 pm  

I think the advice people in general want is simplistic advice BS.

I for one believe everything that you are saying  - for reasons in addition to the fact that I know you know what you are talking about.

If and whenever everything does go to hell in a handbasket, most people would be amazingly unprepared to deal with it. If it was a case of a shortage of food for a couple of weeks, it wouldn't be much of a major problem. If it was a case of total and utter collapse, that would be a different matter.

 

 


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Don Keyknob
Moderator
Joined: 1 year ago
Posts: 1331
10/09/2018 9:03 pm  

God wouldn't pick a Manc as a Messiah.  😉 

I'm not sure that a fuck you fund would be much good in a total collapse. I remember my teacher telling me about an east european country (?) where the money wasn't worth the paper that it was written on. Apparently, there was one story about a bag of money being stolen, the money discarded and the bag kept.

Mind you, in fairness they did cart him away one playtime in an ambulance. We didn't see him again. 

The rich think that they are safe, but when money is worth sod all, belongings will be the next best thing. They have lots. They'll be the first to be attacked!!!!

 


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Maximus Aurelius
Founder
Joined: 1 year ago
Posts: 15
10/09/2018 9:42 pm  

^^^^^ Well first you're Dr. Doom, then Mr. Good Samaritan and then the Messiah...(Manc or not 😎 )

It's beginning to get confusing... We don't care which hat you choose to wear, I personally will call you anything you like. 🤔 

It appeared from the initial post what was postulated, was that we had a collapse in 2008, and we are in for an even bigger one in the the next 6 months, give or take... It then went on to share 'Why' said 2nd collapse is to become reality. You explained verra eloquently about bank to bank lending or the lack thereof,  LIBOR, and dicing and blenders and some such fuss. All good and well. You have my attention.....BUT as Don mentioned most, or some,  are curious about generally what to do about it...IF anything....( in regard to now or when it occurs, to protect our own finances, if even possible.)....As It was implied from the initial post that perhaps, nothing is to be done about it.... As before the banks and or Gov't will just bail egregious lenders and fraudulent greedy bastards out, Again! Kind of a rinse and repeat...And if so!   whats all the fuss about anyway. End results? ?    Is it just a mere Hiccup in the flow of everyday corruption, that we poor mortgage holders need to grin and bear?  Or the forbearance of Armageddon?

Like Mr. Keyote notes, you are knowledgeable and experienced , trustworthy perhaps in such financial matters...If so, please find a hat or name that may best suit the dire straits we are all about to so eminently fall victim to.. (plz of course)

(Disclaimer: It is noted and agreed to by all here that you are in no way bound to or held responsible for any losses or gains from said opinions. Furthermore; you are held in No regard or responsibility to reply in any manner., be it Doctor, Messiah or just all around good guy. And , yes , we all signed it. 😉 )

 

 


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