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SPDR Gold Shares Message Board

  • auricluny auricluny Oct 9, 2008 4:28 PM Flag

    BAnk to bank lending

    Bank to bank unsecured lending died - RIP. Market crash still going - we need cash not liquidity. Hello, hello!!!

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    • With all the turmoil in the market today and the collapse of Lehman Bros
      > and Acquisition of Merrill Lynch by Bank of America this might be some
      > good advice. For all of you with any money left, be aware of the next
      > expected mergers so that you can get in on the ground floor and make
      > some BIG bucks.
      > Watch for these consolidations in later this year:
      > 1.) Hale Business Systems, Mary Kay Cosmetics, Fuller Brush, and W R..
      > Grace Co. Will merge and become:
      > Hale, Mary, Fuller, Grace.
      > 2.) Polygram Records, Warner Bro s., and Zesta Crackers join forces and
      > become:
      > Poly, Warner Cracker.
      > 3.) 3M will merge with Goodyear and become:
      > MMMGood.
      > 4. Zippo Manufacturing, Audi Motors, Dofasco, and Dakota Mining will
      > merge and become:
      > ZipAudiDoDa ..
      > 5. FedEx is expected to join its competitor, UPS, and become:
      > FedUP.
      > 6. Fairchild Electronics and Honeywell Computers will become:
      > Fairwell Honeychild.
      > 7. Grey Poupon and Docker Pants are expected to become:
      > PouponPants.
      > 8. Knotts Berry Farm and the National Organization of Women will become:
      > Knott NOW!
      > And finally....
      > 9. Victoria 's Secret and Smith &Wesson will merge under the new name:
      > TittyTittyBangBang

    • No, even in 1929 there was value in the markets. However, if you need someone to call the bottom you need someone much smarter than I.

      The question you have to ask is why are trillions an trillions sitting on the sideline? This is what me posts are about. Roche can easily find the money to buy genentech so there is infinite money to sort this out. It's how we do it that counts.

    • I would gladly give a manager $400,000 in spa treatments if they would sort this crap out and not dump it on my taxes. Cheap! The main problem is the incredible level of resentment that exists towards managers and ex-managers of Wall St. Stories like this do not help.

    • Auricluny,

      The news said that the government is considering taking ownership of the banks in the worst financial condition. I assume that this means loads of them. I know they have done this in the past on a limited basis, but this move quite frankly terrifies me.

      Could a more optimistic view of the situation mean that the government intends to loosen the purse strings with these banks once they take ownership? Meaning they'll give tax (bailout) dollars to these failing banks, which would enact the 10% fractional reserves rule, so that they can start loaning out the 90% and make some money? When these banks become profitable again, they sell them off.

      Assuming they sell them off. I don't like this, but what are your thoughts?

      • 1 Reply to usakmatt
      • Nice question for which I have no answer and look to auri fo rone.

        Kotlikoff predicted some of this three years ago in his brilliant book The Coming Generational Storm. He wrote the gov must...and will print trillions of pesos to pay off debt and "stimulate" the economy so as to avoid major depression....we see this now. Mr K. also says this will result in Hyperinflation of hard assets...he specifies holding inflation hedges oil, gold, gold miners, China stocks, and inflation protected T-Bills......who knows? He has been right so far.

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