Thread: A note of caution for those with deposits in US Banks

Lets not forget the developed western nations got their start through brutal child labour and slavery.
India just happens to be the worlds largest democracy. Hasn't stopped the social injustice though.

Originally Posted by Panda

Lets not forget the developed western nations got their start through brutal child labour and slavery.

Oh, but hatter is supporting all those folks in Burma.

Originally Posted by Jet Gorgon

Originally Posted by Panda

Lets not forget the developed western nations got their start through brutal child labour and slavery.

Oh, but hatter is supporting all those folks in Burma.

And I suppose you dont buy any products from developing countries either?

^ Nope.

Bloody hell, the word on imminent collapse of the bond market is getting out. Even Butterfly will find out in a couple of years!

The global financial crisis may morph into a second, equally virulent phase where borrowing costs rise again, hobbling an embryonic economic recovery, debilitating cash-strapped banks, and punishing investors all over again.

Early warnings signs of this scenario include surging government bond yields, a slumping U.S. dollar, and the fading of the bear market rally in U.S. stocks.

Optimists hope that a fragile two-month rally in world stock markets, a rise in U.S. Treasury yields from record lows during the depths of the crisis in late 2008, and some less scary economic data all signal that a recovery is around the corner.

But gloomy analysts insist that thinking is delusional.

Once Credit Crisis Version 2.0 ramps up, foreign investors may punish the U.S. government for borrowing trillions of dollars too much by refusing to buy its debt until bond prices plunge to much cheaper levels.

The telling harbinger is benchmark Treasury note yields' surge to six-month highs around 3.75 percent this week, as investors began to balk at the record U.S. government borrowing requirement this year.

The U.S. Treasury plans to sell about $2 trillion (1.2 billion pounds) in new debt this year to fund a $1.8 trillion fiscal deficit.

Heavy selling of U.S. dollar-denominated assets could trigger a full-blown currency crisis and usher in surging inflation, forcing mortgage rates and corporate bond yields up, undermining any rebound in economic activity

Rising US bond yields may spark Credit Crisis II | Markets | Analysis | Reuters

whodathunkit?

Originally Posted by Panda

Lets not forget the developed western nations got their start through brutal child labour and slavery.
India just happens to be the worlds largest democracy. Hasn't stopped the social injustice though.

Yes that India is a Democracy is quite fantastic if you consider the big problems inside the country, I suppose that is the most important legacy from their former colonial masters.

But I am not about to accept child slave labour and total lack of security for working people because of what happened in Europe many generations ago. I see no reason to accept that what have been fought hard for is sold out by allowing producers to flee to country's where they can adopt those middle-age principles they have been forced to give up back home.

Originally Posted by passengers

Bloody hell, the word on imminent collapse of the bond market is getting out. Even Butterfly will find out in a couple of years!

you have been saying the same thing since last year, predicting an immediate collapse every week for the following 6 months, and when it didn't happen and we called you on it, you flounce

what can I say, your prediction credibility is a bit light here,

how many times can you cry wolf bkka ?

Quote:
Originally Posted by Jet Gorgon
Quote:
Originally Posted by Panda
Lets not forget the developed western nations got their start through brutal child labour and slavery.

Oh, but hatter is supporting all those folks in Burma.

And I suppose you dont buy any products from developing countries either?

Originally Posted by Jet Gorgon

^ Nope.

Must have been difficult for you when you were living in Asia?

Originally Posted by Panda

And I suppose you dont buy any products from developing countries either?

Originally Posted by Jet Gorgon

Nope.

easily said but not possible

however, there is nothing wrong with buying products from developing nations, as long as the people there are not without rights

so not Myanmar (Burma!?)

Originally Posted by DrAndy

Originally Posted by Panda

And I suppose you dont buy any products from developing countries either?

Originally Posted by Jet Gorgon

Nope.

easily said but not possible

however, there is nothing wrong with buying products from developing nations, as long as the people there are not without rights

so not Myanmar (Burma!?)

How about China?

Originally Posted by Butterfly

Originally Posted by passengers

Bloody hell, the word on imminent collapse of the bond market is getting out. Even Butterfly will find out in a couple of years!

you have been saying the same thing since last year, predicting an immediate collapse every week for the following 6 months, and when it didn't happen and we called you on it, you flounce

If you are referring to BKKandrew, he correctly predicting the banking collapse, then the collapse in trade and now is predicting a bond market collapse that will cause severe inflation. You, two years behind, are still droning on about whether there is a banking collapse. In a few months you may notice the recession too.

Originally Posted by Butterfly

what can I say,

Nothing, because:

Originally Posted by Butterfly

your prediction credibility is a bit light here

Originally Posted by Butterfly

how many times can bkka predict accurately?

Every time it seems...

Originally Posted by Jet Gorgon

Originally Posted by Panda

Originally Posted by Jet Gorgon

Originally Posted by Panda

Lets not forget the developed western nations got their start through brutal child labour and slavery.

Oh, but hatter is supporting all those folks in Burma.

And I suppose you dont buy any products from developing countries either?

Nope.

here's a chance to backtrack jet.....you can try to write it off as your "wacky sense of humor"....or are you seriously going to stick with the claim that you don't buy any products from developing countries?

Originally Posted by Butterfly

predicting an immediate collapse every week for the following 6 months

All these guys who read these panic blogs like zerohedge have had bollocks ripped clean off with their foolish short positions. They think the world is ending, it isnt, the US government are reflating the asset bubble while we speak. It has to fall apart sooner or later, but it aint gonna be this year. By next year the world economy will have improved and the US will have averted major disaster by buying time.

Originally Posted by Jet Gorgon

^ Nope.

Of course you don't Jet. With the North American market basically subdued to all consumer products being of 'developed' nations, it would be difficult to be completely local/regional.

Originally Posted by Spin

Originally Posted by Butterfly

predicting an immediate collapse every week for the following 6 months

All these guys who read these panic blogs like zerohedge have had bollocks ripped clean off with their foolish short positions. They think the world is ending, it isnt, the US government are reflating the asset bubble while we speak. It has to fall apart sooner or later, but it aint gonna be this year. By next year the world economy will have improved and the US will have averted major disaster by buying time.

It is a case of staying ahead of the curve (at least as far ahead as Butterfly remains behind). BKKandrew stated some while ago that the next move after the deflationary debt deleveraging was going to be an inflationary spiral triggered by the collapse of the bond market.

Too many people obsess about the circumstances they see in front of their eyes, such as the fans of the blogs you refer to. Of course, Butterfly (in a group of one) just rants in denial about events that took place 1-2 years ago...

^Butterfly is so thoroughly discredited, he decides to misquote others by chopping up sentances now as some form of diversion tactic. Here is the full passage:

Originally Posted by passengers

It is a case of staying ahead of the curve (at least as far ahead as Butterfly remains behind). BKKandrew stated some while ago that the next move after the deflationary debt deleveraging was going to be an inflationary spiral triggered by the collapse of the bond market.

Truely pathetic actions from a truely pathetic, hapless and weak individual.

Originally Posted by passengers

sentances

it's sentences with "e", and I am not misquoting

bkka, why are you making up words and sentences you have no clue about ? and this below is worth requoting:

Originally Posted by passengers

deflationary debt deleveraging was going to be an inflationary spiral

^I have enjoyed this informative and uncannily accurate thread, but I don't know you are trolling it. Anyone can see that the sentence you are quoting from reads

"The next move after the deflationary debt deleveraging was going to be an inflationary spiral triggered by the collapse of the bond market."

This seems to make perfect sense to me. Have you nothing to offer this thread aside from trying to twist sentences around by excluding words within them and offering spelling advice?

^ please explain how it makes sense to you ?

does this make sense to you: "if I throw a stone in the air, it will go up, not go down" ? if yes, please explain.

Maybe look in the thread where I have put lengthy and logical explanation before, so I believe you are coming a bit late to lecture me, above all when you have added absolutely nothing yourself.

Characters like bkka need to be ridiculed and exposed, it's a public duty

^Surely it makes sense to say that after one set of events happen, another follows. To use your analogy - after the stone was thrown in the air, it fell to Earth.

I don't know why you seem to have so much trouble understanding this. By then deliberatly misquoting the other poster it seems that you simply do not wish to understand. If that is the case, so be it, but why invite ridicule on yourself by demonstrating your lack of knowledge and desire to not learn?

^^Also, having read some of your other posts, I see that your first language is not English. I apologise for having a go at you therefore. Maybe you genuinely didn't understand. In view of this and to address your point about myself not contributing to this thread, I will try and explain the quoted sentence in simple terms for you.

"The next move after the deflationary debt deleveraging was going to be an inflationary spiral triggered by the collapse of the bond market."


"The next move" is a colloquial term, sort of a saying meaning what will happen next.

"After" means will happen afterwards. For instance, after you drink alcohol you can get drunk.

"The deflationary debt deleveraging" means the period that we have experienced, with failing banks, withdrawel of credit and reduced asset, goods and commodity prices.

"was going to be" is a way of saying it is inevitable, i.e., one follows the other, it will happen.

"an inflationary spiral" is when prices increase severely and constantly.

"triggered by" is again a colloquial way of saying that it is started by.

"the collapse of the bond market" refers to the market of selling debt, both Government and corporate and the fact that it will collapse.

I hope this helps, however, before criticising others on an English language forum, it may be better to brush-up on English terms. Either that or join a French-language forum I suppose.

Dont worry too much about Butterfly there Escapeeeee. He tends to troll threads and then turns them into arguments with personal attacks rather than putting up a rational debate. An example of which you see above. Best just to ignore his insults as its what he gets off on rather than the subject matter of the discussion. He is just something we have to put up with around here. Dont get sucked into his little personal contests, it only detracts from the value of the discussion and f*cks the tread. I see you are relatitively new here. You will work him out sooner or later.

^ kind words from you, Panda

Was just trying to be diplomatic about the way it was said.