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Bank Collapse Catastrophe Warning

Don Juan said:
Next thing we gonna have this. :lol:

wj9noh.jpg
Click to expand...

:lol::lol::lol:
 
I just saw the news at 11pm and this bank just shutdown totally went broke they laid off 25,000 employees on a fucking Sunday look at your news this shit is serious the stock market is gonna be fucked how is this shit going down I also heard some shit about WAMU.....better check that shit out :smh:
 
TVman said:
Here is what the deal is.....

Everything is this country is base on credit. Companies credit ratings rise and fall just like your FICO score, it depends on the financial health of that company. Now to relate this so that everyone is on the same page.

Take your House, say you owe $350,000
Take your Car, say $35,000
Take your Credit cards, say $15,000
Take your students loans, say $15,000

So you owe a total of $415,000
you make a decent living, say $100,000 a year
you bring roughly in $8K a month (fuck taxes, FICA, and all that shit right now)
you got $35,000 in 401K, savings, CD, stocks, etc.
your monthly payments on everything is $5,500
you 'save' $2,500 a month, cuz your baby mama hasnt sued yet.

One day, you come home, and EVERY creditor wants their money now, and in full, so now you gotta come up with $415,000!!!! WTF!!! You will be gutted, you gotta sell everything, savings, house, car, everything gone. AND you not going to get full market price for the stuff you selling, cuz everybody know you broke. you have nothing else to do, but file bankruptcy.


Now because the the dollar is low, and there is a recession, people arent buying stupid shit, only the essentials. Companies (almost all foreign) that grant credit on the multi-mill/billion dollar scale arent making any money off of U.S. anymore. So U.S. companies are being forced to deal with the global equivalent to Payday Loans stores, which REALLY fucks you (as we all know).

Macroeconomics and Microeconomics principles mirror themselves, only in Macro, it is on a much larger scale.

We, as black people, have to get financially sophisticated, because all these banks make 90% of their profit on the bottom 10% of their customers. Which is why when you fuck up your credit, everything is higher, when you think that, if you got less money, then you should pay less.

The country isnt as fucked as one is to believe, what is happening is that there is monumental shift wealth and power in the world. China has 1.3 billion people (U.S. only has 300 million), and there is global shift to make money off them and other emerging markets. Everything that we buy, damn near, comes from China, and these other emerging countries. This is why I say we are not as fucked.....Growing up (I am a child of the 70's), there was one car, one TV, one phone, in the house, now, every 12 year old has a cell phone, there is a TV in every room of the house, and you got two or three cars. There is no ordinary shit that most americans REALLY need, just extra bullshit that they dont (24' inch rims on that chevy, anyone). So the global markets are shifting to China and other places so that they can make that EVERYDAY money off of them (this is why we are paying more for Gas, because these emerging markets are demanding more). Dont keep leading you life, and think that shit like the Dow Jones, NASDAQ, etc. dont effect you, because they ALL do.

Good Night Bitches.....
Click to expand...

brilliant
 
I ain't readin all this shit but let's get down to what really matters. How much is table dances gonna be goin for? Cuz I got 3 Old Bay Seasoning jars fulla change for when they goin for a nickel a pop.
 
this is the shit that hurts everything.. The panic.. everyone should calm the hell down. I work for one of those companies. Tomorrow is going to be a loooong day........... actually.. maybe really, really short.. depending on if a ninja gets fired or not..
 
woodchuck said:
http://news.yahoo.com/s/ap/financial_meltdown
Click to expand...


Actually what we are watching is the consolidation of the control of money in this country. The fact that this, Bear Stearns, etc, all take place on SUNDAYS when the markets are closed, and the general public is thinking about football and what's for dinner, than what is going on the world that will affect us.

Freddie Mac and Fannie Mae will be dumped on the American People to pay for,Bear Stearns was sold for pennies on the dollar.....The rich and powerful are consolidating.

The JP Morgan (Chase)/Citibanks/Bank of Americas are basically "Prop Joe" (from the Wire). They are bring everyone under one roof, one umbrella, but you have to buy from the Co-op...... but the general public doesn't really know it or gives a fuck. and all it take is a Marlo type of Mofo, to come along and fuck things up.....LOL (ok, it is not that simple)

Just know that there are some people, even in the worst of times, getting rich. Usually, they are the ones that's setting the rules for them to get rich.

The Federal Reserve was created by, and is controlled by the banks above, plus a couple more heavy hitters. So the Fed is going to do whatever the Chases/BofA's of the world tell them to do.

Have you notice the explosion of Banks everywhere, in Chicago you can't go two feet without seeing a Chase, or any other new branch. Gone are the smaller, neighborhood Banks.

One last thing, then I am really going to bed.....I cannot for the life of me remember why, but with the Exception of Bank of America, and you notice that BANKS do not use the work BANK in their names anymore. Washington Mutual Bank is just WaMu, Chase Bank (BankOne, First Bank of Chicago) is now just Chase, Harris Bank is now just Harris.

I think that they were all trying to get around proposal laws that govern banking regulation.....but I forget the actual exact reason....somebody on here knows I am sure, ya'll some smart mofo's....
 
Last edited:
TVman said:
Here is what the deal is.....

Everything is this country is base on credit. Companies credit ratings rise and fall just like your FICO score, it depends on the financial health of that company. Now to relate this so that everyone is on the same page.

Take your House, say you owe $350,000
Take your Car, say $35,000
Take your Credit cards, say $15,000
Take your students loans, say $15,000

So you owe a total of $415,000
you make a decent living, say $100,000 a year
you bring roughly in $8K a month (fuck taxes, FICA, and all that shit right now)
you got $35,000 in 401K, savings, CD, stocks, etc.
your monthly payments on everything is $5,500
you 'save' $2,500 a month, cuz your baby mama hasnt sued yet.

One day, you come home, and EVERY creditor wants their money now, and in full, so now you gotta come up with $415,000!!!! WTF!!! You will be gutted, you gotta sell everything, savings, house, car, everything gone. AND you not going to get full market price for the stuff you selling, cuz everybody know you broke. you have nothing else to do, but file bankruptcy.


Now because the the dollar is low, and there is a recession, people arent buying stupid shit, only the essentials. Companies (almost all foreign) that grant credit on the multi-mill/billion dollar scale arent making any money off of U.S. anymore. So U.S. companies are being forced to deal with the global equivalent to Payday Loans stores, which REALLY fucks you (as we all know).

Macroeconomics and Microeconomics principles mirror themselves, only in Macro, it is on a much larger scale.

We, as black people, have to get financially sophisticated, because all these banks make 90% of their profit on the bottom 10% of their customers. Which is why when you fuck up your credit, everything is higher, when you think that, if you got less money, then you should pay less.

The country isnt as fucked as one is to believe, what is happening is that there is monumental shift wealth and power in the world. China has 1.3 billion people (U.S. only has 300 million), and there is global shift to make money off them and other emerging markets. Everything that we buy, damn near, comes from China, and these other emerging countries. This is why I say we are not as fucked.....Growing up (I am a child of the 70's), there was one car, one TV, one phone, in the house, now, every 12 year old has a cell phone, there is a TV in every room of the house, and you got two or three cars. There is no ordinary shit that most americans REALLY need, just extra bullshit that they dont (24' inch rims on that chevy, anyone). So the global markets are shifting to China and other places so that they can make that EVERYDAY money off of them (this is why we are paying more for Gas, because these emerging markets are demanding more). Dont keep leading you life, and think that shit like the Dow Jones, NASDAQ, etc. dont effect you, because they ALL do.

Good Night Bitches.....
Click to expand...

This shit right here. Niggas always ask "Leroy, you make good money, how come you ain't shinin" People have been living outside their means tryna keep up with the Joneses. Everything is just rippling backwards.
 
I did not want too add this... As I know how some BGOL cats can be.

But look at the time frame this young brotha posted this. MUST WATCH!

[FLASH]http://www.youtube.com/v/giCEZrJT2RY&hl[/FLASH][/QUOTE]
[FLASH]http://www.youtube.com/v/BcuxA5gCR9k[/FLASH][/QUOTE]
[FLASH]http://www.youtube.com/v/o3H2HM0Fypg[/FLASH][/QUOTE]
 
ouuuuuuuuuuuuuuuuuuuuuuch
dude just ripped BofA for buying Merrill especially after buying countrywide
the blind buying the blind

dude is shaking his head said he wonders why bofa would pay 70% premium for merrill - says the market is probably more right than bofa
 
TVman said:
Actually what we are watching is the consolidation of the control of money in this country. The fact that this, Bear Stearns, etc, all take place on SUNDAYS when the markets are closed, and the general public is thinking about football and what's for dinner, than what is going on the world that will affect us.

Freddie Mac and Fannie Mae will be dumped on the American People to pay for,Bear Stearns was sold for pennies on the dollar.....The rich and powerful are consolidating.

The JP Morgan (Chase)/Citibanks/Bank of Americas are basically "Prop Joe" (from the Wire). They are bring everyone under one roof, one umbrella, but you have to buy from the Co-op...... but the general public doesn't really know it or gives a fuck. and all it take is a Marlo type of Mofo, to come along and fuck things up.....LOL (ok, it is not that simple)

Just know that there are some people, even in the worst of times, getting rich. Usually, they are the ones that's setting the rules for them to get rich.

The Federal Reserve was created by, and is controlled by the banks above, plus a couple more heavy hitters. So the Fed is going to do whatever the Chases/BofA's of the world tell them to do.

Have you notice the explosion of Banks everywhere, in Chicago you can't go two feet without seeing a Chase, or any other new branch. Gone are the smaller, neighborhood Banks.

One last thing, then I am really going to bed.....I cannot for the life of me remember why, but with the Exception of Bank of America, and you notice that BANKS do not use the work BANK in their names anymore. Washington Mutual Bank is just WaMu, Chase Bank (BankOne, First Bank of Chicago) is now just Chase, Harris Bank is now just Harris.

I think that they were all trying to get around proposal laws that govern banking regulation.....but I forget the actual exact reason....somebody on here knows I am sure, ya'll some smart mofo's....
Click to expand...
consolidation word up

drain all the cash out of the economy - tank it totally then buy up everything you dont own already
 
Why is everyone talking about buying Gold? I know its used as a defense against the US dollar buy Gold is based on US Dollars so if the US Dollar falls, it will eventually take Gold with it.
 
Southpaw said:
Why is everyone talking about buying Gold? I know its used as a defense against the US dollar buy Gold is based on US Dollars so if the US Dollar falls, it will eventually take Gold with it.
Click to expand...
damn- so gold on foreign exchanges is sold in us dollars too or you just mean here? like oil?
 
Southpaw said:
Why is everyone talking about buying Gold? I know its used as a defense against the US dollar buy Gold is based on US Dollars so if the US Dollar falls, it will eventually take Gold with it.
Click to expand...

Where did you come to that conclusion? It's wrong. I could explain it, but I've stopped overwriting on BGOL for the most part. But buying currencies..ESPECIALLY the U.S. dollar really has nothing to do with buying something like Gold... the prices of the two are mutually exclusively and anything linking the two for the most part is confusing correlation with causation. The value of gold is not attached to the value of the U.S. dollar... and actually, historically, the value of one pretty much produces an opposite swing in the other..but it's not the actual price that causes the swing..
 
eewwll said:
Where did you come to that conclusion? It's wrong. I could explain it, but I've stopped overwriting on BGOL for the most part. But buying currencies..ESPECIALLY the U.S. dollar really has nothing to do with buying something like Gold... the prices of the two are mutually exclusively and anything linking the two for the most part is confusing correlation with causation. The value of gold is not attached to the value of the U.S. dollar... and actually, historically, the value of one pretty much produces an opposite swing in the other..but it's not the actual price that causes the swing..
Click to expand...
thanks for clarifying
 
Southpaw said:
Why is everyone talking about buying Gold? I know its used as a defense against the US dollar buy Gold is based on US Dollars so if the US Dollar falls, it will eventually take Gold with it.
Click to expand...

Check out the vids I posted above. The us dollar stopped being backed by gold under nixon. The real power of the us dollar was tied into oil.
 
TVman said:
Actually what we are watching is the consolidation of the control of money in this country. The fact that this, Bear Stearns, etc, all take place on SUNDAYS when the markets are closed, and the general public is thinking about football and what's for dinner, than what is going on the world that will affect us.

Freddie Mac and Fannie Mae will be dumped on the American People to pay for,Bear Stearns was sold for pennies on the dollar.....The rich and powerful are consolidating.

The JP Morgan (Chase)/Citibanks/Bank of Americas are basically "Prop Joe" (from the Wire). They are bring everyone under one roof, one umbrella, but you have to buy from the Co-op...... but the general public doesn't really know it or gives a fuck. and all it take is a Marlo type of Mofo, to come along and fuck things up.....LOL (ok, it is not that simple)

Just know that there are some people, even in the worst of times, getting rich. Usually, they are the ones that's setting the rules for them to get rich.

The Federal Reserve was created by, and is controlled by the banks above, plus a couple more heavy hitters. So the Fed is going to do whatever the Chases/BofA's of the world tell them to do.

Have you notice the explosion of Banks everywhere, in Chicago you can't go two feet without seeing a Chase, or any other new branch. Gone are the smaller, neighborhood Banks.

One last thing, then I am really going to bed.....I cannot for the life of me remember why, but with the Exception of Bank of America, and you notice that BANKS do not use the work BANK in their names anymore. Washington Mutual Bank is just WaMu, Chase Bank (BankOne, First Bank of Chicago) is now just Chase, Harris Bank is now just Harris.

I think that they were all trying to get around proposal laws that govern banking regulation.....but I forget the actual exact reason....somebody on here knows I am sure, ya'll some smart mofo's....
Click to expand...

The republicans repealed Glass-Stegal Act in 97. Thats why Banks stop using the word bank cause they got out of the banking business long time ago. They're Investment Management companies. Notice all the financial channels hardly ever use the word bank, they say, asset management, portfolio management, fund management, wealth management.

Obama better start hiting hard on this subject. We went through this before, this is how the great depression started, so they came up with Glass-Stegal act, which forbid investment banks and commercial banks from merging or providing both services. The republicans repeled this law as part of their "contract with America" on over burden regulation, now you're back to square one with commercial and investment banks "double dipping" now the government has to come in and save them.
 
Overkill2k6 said:
Either way you look at it, fam; America is fucked....
Click to expand...

buddy, you better find out what American/America/Citizen or any other derivitive of said term means and do it quick, fast, and in a hurry. I'm a human, fuck a nationalist. i'm for life, freedom and justice and nothing and no person or ideal other than what that would entail
 
fuck... and i stalled on buying gold b/c the price kept going down... cot dammit!!

*will be making a sizable investment in bullion on the 'morrow*

GD^^^^ your sig is comedy
 
Tomorrow is gonna be interesting as all hell. S&P Futures down 2.8%. Europe tanking. Sucks to work in finance right now. But Lehman had it coming.
 

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