MarketWatch.com - Pre-Market Indications

Saturday, March 15, 2008

Systemic Financial Meltdown

Systemic Financial Meltdown

The point is, Bernanke's latest scheme is not a remedy for the trillion dollar unwinding of bad bets. It is merely a quick-fix to avoid a bloody stock market crash brought on by prevailing conditions in the credit markets.

The stock market was headed for a crash this week, but Bernanke managed to swerve off the road and avoid a head-on collision. But nothing has changed. Foreclosures are still soaring, the credit markets are still frozen, and capital is being destroyed at a faster pace than any time in history. The economic situation continues to deteriorate and even unrelated parts of the markets have now been infected with subprime contagion. The massive deleveraging of the banks and hedge funds is beginning to intensify and will continue to accelerate until a bottom is found. That's a long way off and the road ahead is full of potholes.

"In the United States, a new tipping point will translate into a collapse of the real economy, final socio-economic stage of the serial bursting of the housing and financial bubbles and of the pursuance of the US dollar fall. The collapse of US real economy means the virtual freeze of the American economic machinery: private and public bankruptcies in large numbers, companies and public services closing down massively.” (Statement from The Global Europe Anticipation Bulletin (GEAB)

Is that too gloomy? Then take a look at these eye-popping charts which show the extent of the Fed's lending operations via the Temporary Auction Facility. The loans have helped to make the insolvent banks look healthy, but at great cost to the country's economic welfare. http://benbittrolff.blogspot.com/2008/03/really-scary-fed-charts-march.html

The Fed established the TAF in the first place; to put a floor under mortgage-backed securities and other subprime junk so the banks wouldn't have to try to sell them into an illiquid market at fire-sale prices. But the plan has backfired and now the Fed feels compelled to contribute $200 billion to a losing cause. It's a waste of time.

The debt markets are upside-down, consumer confidence is drooping and, as the Financial Times states, “A palpable sense of crisis pervades global trading floors.” It's all pretty grim.

The banks are facing a “systemic margin call” which is leaving them capital-depleted and unwilling to lend. Thus, the credit markets are shutting down and there's a stampede for the exits by the big players. Bernanke's chances of reversing the trend are nil. The cash-strapped banks are calling in loans from the hedge funds which is causing massive deleveraging. That, in turn, is triggering a disorderly unwind of trillions of dollars of credit default swaps and other leveraged bets. Its a disaster. Economist Nouriel Roubini predicted the whole sequence of events six months before the credit markets seized and the Great Unwind began”. Here's a sampling of his recent testimony before Congress:

Roubini's Testimony before Congress:

“There is now a rising probability of a "catastrophic" financial and economic outcome; a vicious circle where a deep recession makes the financial losses more severe and where, in turn, large and growing financial losses and a financial meltdown make the recession even more severe. The Fed is seriously worried about this vicious circle and about the risks of a systemic financial meltdown....Capital reduction, credit contraction, forced liquidation and fire sales of assets at below fundamental prices will ensue leading to a cascading and mounting cycle of losses and further credit contraction. In illiquid market actual market prices are now even lower than the lower fundamental value that they now have given the credit problems in the economy. Market prices include a large illiquidity discount on top of the discount due to the credit and fundamental problems of the underlying assets that are backing the distressed financial assets. Capital losses will lead to margin calls and further reduction of risk taking by a variety of financial institutions that are now forced to mark to market their positions. Such a forced fire sale of assets in illiquid markets will lead to further losses that will further contract credit and trigger further margin calls and disintermediation of credit.

To understand the risks that the financial system is facing today I present the "nightmare" or "catastrophic" scenario that the Fed and financial officials around the world are now worried about. Such a scenario – however extreme – has a rising and significant probability of occurring. Thus, it does not describe a very low probability event but rather an outcome that is quite possible.”

Roubini has been right from the very beginning, and he is right again now. Bernanke can place himself at the water's edge and lift his hands in defiance, but the tide will come in and wash him out to sea anyway. The market is correcting and nothing is going to stop it.




chemtrails of death

German Scientist Exposes Chemtrails As Military Operations

German Scientist Exposes Chemtrails As Military Operations


(NaturalNews) A TV news report from Germany available at: (http://www.youtube.com/watch?v=MVc9GX5K_As) confirmed that the German Military is manipulating the climate in Germany. As a result scientists have filed a lawsuit against the government for climate manipulation.

The video concludes, "We can state with a 97% certainty that we have on our hands chemical trails (chemtrails) comprised by fine dust containing polymers and metals, used to disrupt radar signals."

The purpose of chemtrails, which are well documented over the United State and other parts of the world, according to researchers, is to manipulate the weather. Karsten Brandt, German meteorologist states, "The Federal Army is Manipulating the Meteorological maps."

The disruption of radar signals is the main purpose theorizes Mr. Brandt in the interview. "I was surprised that this artificial cloud was so wide-spread. The radar images are stunning considering the needed tons of dispersed elements - although, the federal army claims that only small amounts of material were propagated. The military heads claim that the substances used are not harmful."

Johannes Remmel, German Green party representative states, "The government must provide explanations to the unsuspecting population." While radar is tracking suspicious aircraft, the Germany Military then uses counterfeit satellite imagery to hide their operations.

In Germany, weather manipulation is prohibited, and I would likewise believe that it is prohibited in the U.S. as well.

Since Chemtrails are so widespread, I would rule out the idea that this is just military performing operations to disrupt radar signals as part of some sort of drill.

The forefront of these operations in the United States appears to be the US Navy, as detailed in "Death in the Air: Globalism, Terrorism & Toxic Warfare," by Dr. Len Horowitz. Many government watchdogs claim global depopulation, the targeted reduction of the world's population by two-thirds, is secretly the reason behind chemtrail spraying.

An alternative theory to explain Chemtrails, would be that a new weapon related to controlling the weather is being deployed. By creating droughts and thus famines, large populations could be easily controlled or eliminated. Other countries could be easily controlled and brought to their knees by a global power if the weather could be controlled or altered.

For a while I was confused between chemtrails, and contrails. Contrails are the exhaust of an air craft, it leaves a trail in the sky and the trail rapidly dissipates. With chemtrails, they initially look identical to contrails, but rather than the trail dissipating, the trail expands and then starts to look like a cloud. Over the Silicon Valley where I live, I daily witness these chemtrails starting and stopping from airplanes. In other words, the plane has control over the chemicals it is releasing. Also, I have noticed on some days the area is filled with a gray hazy muck, and the mountains almost disappear. This is highly unusual especially when just one day before, the mountains were totally clear.

Part of the undercurrents, at least in the United States, is the concept being marketing through radio, television and schools, that the earth is overpopulated. The idea of overpopulation, as the cause of our problems, was something that I had believed in for a time.

I believed in that idea until I realized the abundance of nature. Just seeing the amount of food produced by one healthy tree, and the millions of acres of unused land in central California, helped me understand Nature's abundance.

The creator did not put humans on earth to suffer, to starve and to die. The creator of life gave us vast resources from which to be healthy. Humans are grossly misusing earth's delicate resources, and thus we have created an experience of lack and deprivation. The lack we experience is not natural, but a reflection of our disconnection from the source of life.

Every action, thought, and feeling has a cause and an effect. Evil never will win, it cannot. But we all need to work together to bring more awareness to the dreaded reality - that our government seems bent on making this planet a military war zone.

YouTube - Stevie Wonder Drum Solo

YouTube - Stevie Wonder Drum Solo

this is amazing!!
most people don't know stevie played drums on most of if not all his albums.

http://www.youtube.com/watch?v=4SCZv7786KY

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