QWAK,This is NOT going to make people who buy stocks HAPPY CAMPERS! :(
"A key proposal in the overhaul of money market regulation suggests that money market fund managers will have the option to "suspend redemptions to allow for the orderly liquidation of fund assets."
"In essence, the entire US capital market is now a hedge fund, where even presumably the safest investment tranche can be locked out from within your control when the ubiquitous "extraordinary circumstances" arise. The second the game of constant offer-lifting ends, and money markets are exposed for the ponzi investment proxies they are, courtesy of their massive holdings of Treasury Bills, Reverse Repos, Commercial Paper, Agency Paper, CD, finance company MTNs and, of course, other money markets, and you decide to take your money out, well - sorry, you are out of luck. It's the law."
Yo duck... those are mostly not very well known, or not know at all by most people. But lately there seems to be a lot of interest in some of the well know conspiricy theories, and one of the biggest, The Kennedy Assassination, John F. Kennedy specifically. George Norey had people on his late night radeo program who were privvy to a lot of information about it. The group seperately put all the peices together and found all the connections fit when they put it together. They insist that it was Kennedy's vice-president who ordered it. For those that wouldn't know who that was... his name was LBJ. So a lot of information, true or not, is coming out lately and a lot of it will most likely be published in best selling books. Without a doubt, most of it is true. Why? Because the government has always been involved in all kinds of foreign and domestic intrigue. The transfer of power and control of the USTreasury to the private bankers in 1913 is one of the most mis-understood conspiracies that's ever been foisted upon America. And to this day, as bad as it's been in the destruction of this countries wealth, the average person still denies it for what it was and continues to be. Amazing as most of it seems, most of it has been proven but the dumb and uninterested public doesn't want to know any of it, and would rather let it go because their belief always was, and still is, that everything will turn out just fine in time. When it finally plays out and the truth be known, if that's a possibility, they'll just suffer through the results, and eventually find out they could have done something about it before it happened. Have a niZe day!
QWAK,J4D,The majority of people have very limited memories HENCE a total INABILITY to CONECT the DOTS and with distortion from GOVERNMENT and the MASS MEDIA they are OBLIVIOUS to the VERY REAL things that have happened and ARE happening all around them! :(
Thease THINGS realy have happened and ARE well documented but it is as if they DID NOT because it serves TPTB to have the public be as OBLIBIOUS as COWS!
regard - A key proposal in the overhaul of money market regulation suggests that money market fund managers will have the option to "suspend redemptions to allow for the orderly liquidation of fund assets
respond - Thaks for the info duck! Seems TPTB are getting prepared for that 'BANK HOLIDAY' and don't want people to access their money market accounts when/if banks are shut down.
IMHO this 'bank holiday' will prevent anyone from accessing their savings, cd and money market accounts in the banks as well as their 401K's, Brokerage Accounts, etc etc.
All the while TPTB will devalue our monopoly money down from 40% - 50% and if we're lucky TPTB may let us take out $50 a week from the aforementioned.
Don't look good duck as it appears TPTB are in the process of tightening a financial noose around all of us. Wonder what they have in store for holders of PM's!