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Butterfly · 12-05-2009, 08:19 AM

Quote:

Originally Posted by passengers

You are not fit to comment on the great man's words.

megalomania wishes ? you are not fit to do anything bkkandrew, except drinking with English teachers at the OnNut Beer garden

Quote:

Originally Posted by passengers

Hyper inflation is the only result of this mad attempt to avert default by the bankrupt banks. Are you ready?

Another silly prediction ? and based on what principles, fraud ? you have no understanding of basic economic principles, and you got it wrong 62.5% of the time, which is even worse than a dart throwing monkey. Fool

passengers · 31-05-2009, 03:00 PM

I selected this thread, created by the great sage, BKKandrew, which has predicted every step of the financial collapse since the beginning of 2008, to announce the next stage of the economic cataclysm: Stage 9.

1. Global Housing Market Bubble Bursts
2. Global Bank Lending Implodes
3. Global Economy Begins to Contract
4. Global Banks begin to Fail
5. Global Unemployment Soars
6. Global Banks are Nationalised
7. Global Interest Rates are Lowered Dramatically to 0%
8. Global Quantitative Easing will be carried out on a Massive Scale
9. Global (Inflationary)Default on Debt
10. Global Hyperinflation
11. Global Dash For Assets
12. Global Monetary Collapse
13. Global Political Meltdown

The global bond market is now set for mass default. It will start in the US in the coming 2-4 weeks. Last weeks Bond Vigilantes kicked this process off. It was reported in the MSM here today:

Bond vigilantes set for rebellion against the West's wasteful ways - Telegraph

Panda · 31-05-2009, 06:26 PM

Quote:

Originally Posted by passengers

I selected this thread, created by the great sage, BKKandrew, which has predicted every step of the financial collapse since the beginning of 2008, to announce the next stage of the economic cataclysm: Stage 9.

1. Global Housing Market Bubble Bursts
2. Global Bank Lending Implodes
3. Global Economy Begins to Contract
4. Global Banks begin to Fail
5. Global Unemployment Soars
6. Global Banks are Nationalised
7. Global Interest Rates are Lowered Dramatically to 0%
8. Global Quantitative Easing will be carried out on a Massive Scale
9. Global (Inflationary)Default on Debt
10. Global Hyperinflation
11. Global Dash For Assets
12. Global Monetary Collapse
13. Global Political Meltdown

The global bond market is now set for mass default. It will start in the US in the coming 2-4 weeks. Last weeks Bond Vigilantes kicked this process off. It was reported in the MSM here today:

Bond vigilantes set for rebellion against the West's wasteful ways - Telegraph

Interesting link.

So how much interest can the US afford to pay in order to sell their debt?

passengers · 31-05-2009, 10:40 PM

^They haven't got the funds to meet current expenditure (50%) shortfall actually, so there isn't exactly any room for higher interest payments. But we knew that, didn't we...

passengers · 01-06-2009, 12:42 AM

^An expanded view on the foregoing:

Quote:

On the numbers, the US government is the worst credit risk in the world. You determine a man’s creditworthiness by looking at his balance sheet. Add up his assets and subtract his liabilities. Do that to the federal government and you get a very big number with a minus sign in front of it. Even if they were to sell off the Capitol building and all the federal lands west of the Mississippi, the feds would still have a hole in their finances larger than any other in the entire world.

While the balance sheet looks awful, the cash flow is worse. In the current year, the feds will take in about $1.9 trillion in taxes and spend $3.6 trillion. In other words, the feds aren’t just living beyond their means…they’re not even on the same planet. Who in his right mind would lend to a spendthrift whose outgo exceeded his income by nearly 100%?

The only way any loan can reasonably be repaid is from income. Income must exceed expenses or there will never be money for debt repayment. Lending to a corporation or an individual, the lender expects the borrower to earn his way out of debt. Otherwise, it’s a fool’s game. The debtor is soon kiting checks and going deeper in the hole. He borrows from one lender in order to pay off the first lender… In effect, he operates a pyramid scheme – depending on fresh suckers to keep giving him new money – until the whole thing comes crashing down.

The federal government doesn’t even pretend that it is going to earn its way out of debt. It presumes that there’s an endless supply of money it can borrow…and new suckers born twice a minute who are willing to lend. But this is exactly where all Ponzi schemes crack up. The fed’s pyramid will fall in the same spot; where it runs out of new money.

From: Bizarre Conditions for a Bull Market

passengers · 01-06-2009, 06:08 PM

And the Chinese laugh at Geithner:

Quote:

In a speech at Beijing University at the start of his two-day visit, Mr Geithner reassured his Chinese hosts that they need not worry about the estimated $770bn (£475bn) they have invested in US treasuries, a class of US government debt.

"Chinese financial assets are very safe," he said, drawing laugher from the audience.

BBC NEWS | Asia-Pacific | Geithner assures China investors

Laugh they might, but the joke is also on them.

Panda · 01-06-2009, 06:32 PM

^ Licking arse this time instead of trying to crack the whip.

"
He made only the briefest reference to a topic of sharp disagreement - China's currency. America says it is undervalued, making Chinese exports cheaper and costing US jobs.
But he did not push the point too hard, perhaps because, as he said, global problems would not be solved without the US and China working together. "

larvidchr · 02-06-2009, 02:07 AM

The laughing at Geithners feeble reassurances could be a very important signal, if this means that the Chinese intelligentsia have finally lost all confidence in the USD, China will be sure to make moves to minimise the damage and look elsewhere for the future.

Geithner looked very subdued and less than confident at that speech, it is clear he is on an "^arse licking"/rescue mission and the Chinese knows it. the thing is that they can much better withstand hard times and turn away from the big dependency on exports only to the US if they really have to, they do not have to consider hardship amongst the people it is a dictatorship, even to extremes where millions died of starvation it would have no impact on the Chinese leadership, the US/Europe do not have that "luxury" they have to consider the impact amongst their citizens, take care of the sick, the homeless, insurance, pension plans, unemployment numbers and with that ailing big company's aso. In a pinch the Chinese can disregard all this.

It is not an even playing field in this crisis, and for once it seems that it is the up and coming economies like India and China that are at an advantage, they can use their total negligence towards unemployment numbers, peoples living and working conditions, safety, and pollution, just like their so called "economic miracles" is based on same negligence.

Funnily enough it is ourselves that let them get away with it in our constant chase for the cheapest deals, buying their t-shirts etcetera from their shit hole sweatshop polluting factories.

Panda · 02-06-2009, 06:09 AM

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.

Jet Gorgon · 02-06-2009, 08:12 AM

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.

Panda · 02-06-2009, 09:36 AM

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?

larvidchr · 02-06-2009, 12:39 PM

Quote:

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.

Jet Gorgon · 02-06-2009, 10:57 AM

^ Nope.

Panda · 02-06-2009, 03:05 PM

Quote:
Originally Posted by Jet Gorgon (A note of caution for those with deposits in US Banks)

Quote:
Originally Posted by Panda (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.

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

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

Quote:

Originally Posted by Jet Gorgon

^ Nope.

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

Rural Surin · 02-06-2009, 09:21 PM

Quote:

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.

passengers · 02-06-2009, 12:35 PM

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

Quote:

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?

Butterfly · 02-06-2009, 03:01 PM

Quote:

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 ?

passengers · 02-06-2009, 07:57 PM

Quote:

Originally Posted by Butterfly

Quote:

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.

Quote:

Originally Posted by Butterfly

what can I say,

Nothing, because:

Quote:

Originally Posted by Butterfly

your prediction credibility is a bit light here

Quote:

Originally Posted by Butterfly

how many times can bkka predict accurately?

Every time it seems...

DrAndy · 02-06-2009, 03:59 PM

Quote:

Originally Posted by Panda

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

Quote:

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!?)

Panda · 02-06-2009, 04:30 PM

Quote:

Originally Posted by DrAndy

Quote:

Originally Posted by Panda

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

Quote:

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?

02-06-2009, 02:07 AM	#8 (permalink)
larvidchr In transit to Valhalla Join Date: Oct 2008 Location: Chonburi Posts: 1,809	The laughing at Geithners feeble reassurances could be a very important signal, if this means that the Chinese intelligentsia have finally lost all confidence in the USD, China will be sure to make moves to minimise the damage and look elsewhere for the future. Geithner looked very subdued and less than confident at that speech, it is clear he is on an "^arse licking"/rescue mission and the Chinese knows it. the thing is that they can much better withstand hard times and turn away from the big dependency on exports only to the US if they really have to, they do not have to consider hardship amongst the people it is a dictatorship, even to extremes where millions died of starvation it would have no impact on the Chinese leadership, the US/Europe do not have that "luxury" they have to consider the impact amongst their citizens, take care of the sick, the homeless, insurance, pension plans, unemployment numbers and with that ailing big company's aso. In a pinch the Chinese can disregard all this. It is not an even playing field in this crisis, and for once it seems that it is the up and coming economies like India and China that are at an advantage, they can use their total negligence towards unemployment numbers, peoples living and working conditions, safety, and pollution, just like their so called "economic miracles" is based on same negligence. Funnily enough it is ourselves that let them get away with it in our constant chase for the cheapest deals, buying their t-shirts etcetera from their shit hole sweatshop polluting factories. __________________ I still pillage........................................... .................my fridge at night.

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31-05-2009, 03:00 PM	#2 (permalink)
passengers I am in Jail Last Online: Today 05:52 AM Join Date: Jan 2009 Posts: 589	I selected this thread, created by the great sage, BKKandrew, which has predicted every step of the financial collapse since the beginning of 2008, to announce the next stage of the economic cataclysm: Stage 9. 1. Global Housing Market Bubble Bursts 2. Global Bank Lending Implodes 3. Global Economy Begins to Contract 4. Global Banks begin to Fail 5. Global Unemployment Soars 6. Global Banks are Nationalised 7. Global Interest Rates are Lowered Dramatically to 0% 8. Global Quantitative Easing will be carried out on a Massive Scale 9. Global (Inflationary)Default on Debt 10. Global Hyperinflation 11. Global Dash For Assets 12. Global Monetary Collapse 13. Global Political Meltdown The global bond market is now set for mass default. It will start in the US in the coming 2-4 weeks. Last weeks Bond Vigilantes kicked this process off. It was reported in the MSM here today: Bond vigilantes set for rebellion against the West's wasteful ways - Telegraph

31-05-2009, 10:40 PM	#4 (permalink)
passengers I am in Jail Last Online: Today 05:52 AM Join Date: Jan 2009 Posts: 589	^They haven't got the funds to meet current expenditure (50%) shortfall actually, so there isn't exactly any room for higher interest payments. But we knew that, didn't we...

01-06-2009, 06:32 PM	#7 (permalink)
Panda Thailand Forum Last Online: Today 08:59 AM Join Date: Jul 2007 Posts: 4,995	^ Licking arse this time instead of trying to crack the whip. " He made only the briefest reference to a topic of sharp disagreement - China's currency. America says it is undervalued, making Chinese exports cheaper and costing US jobs. But he did not push the point too hard, perhaps because, as he said, global problems would not be solved without the US and China working together. "

02-06-2009, 06:09 AM	#9 (permalink)
Panda Thailand Forum Last Online: Today 08:59 AM Join Date: Jul 2007 Posts: 4,995	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.

02-06-2009, 10:57 AM	#13 (permalink)
Jet Gorgon Jihad Barbie Last Online: Today 04:50 AM Join Date: Apr 2007 Location: Near Libbies Posts: 12,470	^ Nope.

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