If You Believe - Banks Are Recovering

[hiyosilver]

I would have posted this in the open forum, but I think the other topics page is somewhat neglected there....


"The government has something up its sleeve this time. They are perpetrating the greatest fraud in the history of the world. The conspirators are Barack Obama, Timothy Geithner and the Treasury Department, Ben Bernanke and the Federal Reserve, Sheila Baer and the FDIC, and Barney Frank and the Democratic Congress. They have colluded to commit taxpayer funds to enrich bankers that brought down the financial system, without getting Congressional approval. They have delayed foreclosures and have tried to artificially prop up the housing market. They have poured billions of stimulus pork into the states praying for some of it not to be wasted. They have confiscated billions in taxpayer funds, bestowed them on reckless banks and forced them to lend it to anyone with a pulse, again. The outrage from the public during the TARP confiscation, made it crystal clear to courageous Congressmen they didn’t want to vote on something requiring fortitude and bravery again. They have outsourced their obligation to safeguard their citizen’s tax dollars to unelected bureaucrats at Treasury and the Federal Reserve. They have already sacrificed their obligation to declare war to the Presidential branch. What is the point of having a Congress?"

Read the complete article here:

http://theburningplatform.com/economy/if-you-believe-ndash-banks-are-recovering

[maplesilverbug]

Honestly, I cannot comment on this without becoming enraged to the point of mental debilitation. Hopefully other posters will get the ball rolling on this topic because it is, I think, of extremely high importance (and I'm not even American!).

All I can say is this -- how many bank, brokerage, and/or government people have been indicted, or arrested, or jailed, or even merely fined since this all began to fall apart publicly? I think just ONE: Bernie Madoff.

[hiyosilver]

Is anybody there?....:rolleyes:

[LoboNoches]

Honestly don't know what to say. It doesn't come as a surprise to me politicians are corrupt bankers are thieves this is the way it has always been and possibly will be. I believe that they have just become more bold with there actions and bringing there dark deeds into the light cause they feel the people are to lazy and complacent to do anything about it.People have accepted corruption as a way of life so why go through all the trouble of hiding it.Lets just do what the hell we want ,we control the military and printing presses so screw the public.I know I paint a glum picture but thats how it looks to me

[SilverJim]

All I can say is that there ARE consequences to what this government has done, is doing and will do and it will not be pretty. If you think things will be just fine, go ahead and think that and be sure to go "baaaaHHHH" like a good little lamb among the sheeple. For the rest of us, buy silver early and often! :lol:

[akak]

An article from a rather level-headed commentator on just how "healthy" the banks really are:

http://market-ticker.denninger.net/archives/1008-Stress-Tests-Whats-That-Light.html

[AgCarp]

Lobo, you nailed it. People are to lazy and complacent.

I myself feel trapped. I can't figure out their next move and what move I should be making. The stock market makes no sense, precious metals make no sense, real estate makes no sense, and the economic numbers the government pulls out of Uncle Sam's hat make absolutely no sense either. I'm not even so sure the government wants the economy to completely recover. What I do know, is the government wants control, and apparently a few select banks to be in control with them. I can't put my finger on their long term agenda, and I'm not sure any of us will find out until it's to late.

One thing this recession has done so far, is open my eyes to just how corrupt the government and bankers really are. I always knew there was some corruption and greed, but I had no idea the rabbit hole went this deep. The banks are recovering only through deceit and lies. I should probably rephrase that, the banks stock prices are only recovering through deceit and lies. The banks themselves are completely insolvent, but every other investor must know that too. Right?

[maplesilverbug]

An article from a rather level-headed commentator...

I love Karl! I think he may be my soul mate (not that there's anything wrong with that!). Market Ticker is one of but a very few sites I read every day. Perhaps I should stop because sometimes his revealings make me want to poke my eyes out. I'm not American, so there's not a lot I can do about the actions of YOUR banks and YOUR government -- which makes me even more crazy!

No, the banks are NOT recovering.

[LoboNoches]

Lobo, you nailed it. People are to lazy and complacent.

I myself feel trapped. I can't figure out their next move and what move I should be making. The stock market makes no sense, precious metals make no sense, real estate makes no sense, and the economic numbers the government pulls out of Uncle Sam's hat make absolutely no sense either. I'm not even so sure the government wants the economy to completely recover. What I do know, is the government wants control, and apparently a few select banks to be in control with them. I can't put my finger on their long term agenda, and I'm not sure any of us will find out until it's to late.

One thing this recession has done so far, is open my eyes to just how corrupt the government and bankers really are. I always knew there was some corruption and greed, but I had no idea the rabbit hole went this deep. The banks are recovering only through deceit and lies. I should probably rephrase that, the banks stock prices are only recovering through deceit and lies. The banks themselves are completely insolvent, but every other investor must know that too. Right?

Your right it's the bank stocks that are recovering not the banks.People look at the stock and go ooh ooh lookie here the fed is right the banks are doing good but it's a sham.Stock price is based on fear and hope example:When AOL first came out for almost a year the stock price went through the roof WHY? there were no earnings reports no coverage .The answer is cause people believed it was the next best thing and kept buying until earnings showed it wasn't that hot and dropped like a lead zeppelin.That is the same with the bank stocks.People want to believe that there doing good so they buy the stocks thinking the banks are bought out now the fed will protect there investment and so forth driving the price up to give the illusion that they are healthy when they are not.It's all smoke and mirrors.David Copperfield aint got shit on the fed

[skijake]

All I can say is that there ARE consequences to what this government has done, is doing and will do and it will not be pretty. If you think things will be just fine, go ahead and think that and be sure to go "baaaaHHHH" like a good little lamb among the sheeple. For the rest of us, buy silver early and often! :lol:

I don't want to go too hard off the deep end but,,,,
2 bit criminals are locked up for years for stealing enough to get a fix of their favorite drug or booze. Police and prosecuters have access to survelliance videos, DNA tests, CSI units and a well funded legal system tilted to make sure the bad guys go away.
The banksters and Congress steal in broad daylight doing irrepairable damage that will affect millions for generations. Major Media seems complicit. America hopes for better but can't be bothered tonite, American Idol has a live 2 hour show with an appearence from non other than Michael Jackson.
Do we deserve what we get?:mad:

[silverbuyer]

Reduction of naked short selling and new "Mark to Fantasy" accounting rules and manufacutred PR bring the suckers into the tent. Stock prices rise. One piece of really bad news and Wall Street money all run like a herd of buffalo to a new pasture and sector. Stock prices then fall as seen almost weekly for the last two yearsl. Thanks, I won't be first in line to buy toxic bank stocks.

Economy may recover for a while, maybe a year, and then collapse. Too many factors still in play. I'll be happy if we don't have a major war break out involving many countries. These conditions are what breeds it.

Very concerned for future of USA. Resembles Roman Empire as it crumbled. Corrupt Senate, Bankrupt Treasury, Invasions by Hordes of Barbarians, Defending our borders in far flung areas, Moral degeneration and loss of generally accepted values, debasement of currency.

[Trvlr45]

I couldn't agree more. Anyone who thinks this mess is going to get fixed is dreaming. They've spent so much money there is no way to fix the problem except for an exonomic meltdown and a re-start so the people who caused it can get richer all over again. BTW, the banks aren't only "recovering" they are getting even richer and more powerful. It's just the chosen few that caused this mess though. Like CHASE who has new signs popping up all over the place.

[hiyosilver]

Has anybody else noticed all the crisp new dollars bills in circulation lately?..............................

[beach miner]

Lots of New bills, and it also seems like they old ones that where so crummy they wouldn't work in a coin machine and would have been destroyed are being kept in circulation. Maybe the ten and one hundred thousand dollar bill is on the horizen. Heck: if we're gonna act like Zimbawbwe, we might as well have currency like them. We should thank God that He has given us clear minds to own what is Real. See Ya At The Top.

[akak]

Lots of New bills, and it also seems like they old ones that where so crummy they wouldn't work in a coin machine and would have been destroyed are being kept in circulation. Maybe the ten and one hundred thousand dollar bill is on the horizen. Heck: if we're gonna act like Zimbawbwe, we might as well have currency like them. We should thank God that He has given us clear minds to own what is Real. See Ya At The Top.


I haven't seen any new bills at all myself ---- in fact, in the last few years I have been noticing more and more crappy, worn-out, taped-up bills in circulation, as if we were in Bolivia in the 1980's.

I do wish they would get rid of those damned $1 bills already ---- they are only worth what 4 cents bought in 1935, so why are we still making them? Why don't we use the dollar coin --- and a $5 and $10 coin as well?

[SeekrBrnEvryMin]

I haven't seen any new bills at all myself ---- in fact, in the last few years I have been noticing more and more crappy, worn-out, taped-up bills in circulation, as if we were in Bolivia in the 1980's.

I do wish they would get rid of those damned $1 bills already ---- they are only worth what 4 cents bought in 1935, so why are we still making them? Why don't we use the dollar coin --- and a $5 and $10 coin as well?

Let's you and I get together a few suitcases full of these old $1 bills and hit Bolivia.

[tim]

open question to all.
how long will everyone still honor this system?.report all income to IRS?.
work hard follow the rules put your assets in banks and 401k?

[akak]

Let's you and I get together a few suitcases full of these old $1 bills and hit Bolivia.


It might be fun! But I have experienced what it is like in a country that is undergoing hyperinflation, three times, and the currency system SUCKS! They give up even trying to use coins, so every transaction must be done with piles of small-denomination bills, most of which are worn-out, falling apart, and taped together. It becomes almost a game, with everyone trying to pawn off their crappy bills on you, which if you take from them you then have to find somebody else willing to take them off you, which most won't. Every little financial transaction becomes an inconvenient battle of the wills over crumbling pieces of paper.

[sliver]

The average U.S. citizen has not expressed his outrage to his/her congressmen/congresswomen. If they get enough nasty emails or regular mail expressing our feelings things will change. I posted a copy of a letter that I sent my congressmen recently and it hardly got any views and no comments from others on this board indicating they were prepared to make that effort.
Be polite when you email them but also be firm when you tell them this lack of effort by congress to straighten things out will not and cannot continue.
It will result in the destruction of our nation and it's assets. By not taking swift action the implication is that congress is implying consent with the corrupt practices.
TELL THEM...!!!

Sliver

[LoboNoches]

open question to all.
how long will everyone still honor this system?.report all income to IRS?.
work hard follow the rules put your assets in banks and 401k?

IRS have to report I have a son and cant afford to get locked up for tax evasion or have wages garnished.As for banks and 401k don't have 401k thats why starting to save silver and dont trust banks

[silverbuyer]

It might be fun! But I have experienced what it is like in a country that is undergoing hyperinflation, three times, and the currency system SUCKS! They give up even trying to use coins, so every transaction must be done with piles of small-denomination bills, most of which are worn-out, falling apart, and taped together. It becomes almost a game, with everyone trying to pawn off their crappy bills on you, which if you take from them you then have to find somebody else willing to take them off you, which most won't. Every little financial transaction becomes an inconvenient battle of the wills over crumbling pieces of paper.


What did people do with that type of inflation? Did certain items disappear from being available? Items become much more valuable? Where were the Winners?

[akak]

What did people do with that type of inflation? Did certain items disappear from being available? Items become much more valuable? Where were the Winners?

Well, I was in each country long enough to clearly see many of the effects, incoveniences and injustices of high or hyperinflation, but I can't easily say who the "winners" were --- it seemed that there weren't any (except for the governments doing the hyperinflating!).

One trend I did notice that seemed common to all three was the apparently growing tendency toward corruption and petty cheating of all kinds. For example, one could go into almost any store, find an item with a price, pick it up to buy and then be told "Oh, that price just went up 30 (or whatever) %". So were they realistically quoting the "fair" price, or was the salesperson just skimming an extra X % from an unsuspecting or unknowing customer? It left me, and I suspect everyone else, not just confused as to what the "real" price of anything was, but with the constant feeling that we were being taken advantage of.

One image that will never leave me, even more than people using bricks of bills in Bolivia and using them by weight, was the cast-off and discarded bills that only weeks before were being used as daily money, but that had since been inflated away in value to just fractions of a cent, lying in gutters and blowing in the wind, now just more unsightly litter with not enough worth for anyone, even in dirt-poor Bolivia, to be bothered to pick them up.

[SeekrBrnEvryMin]

Tell me, in all the billions of gift-giving, did the Executive Branch and Fed Reserve involve Congress at all, or not?

[akak]

Tell me, in all the billions of gift-giving, did the Executive Branch and Fed Reserve involve Congress at all, or not?


"Con-gress"? Who?

I seem to recall that name from a long time ago ...........

[SeekrBrnEvryMin]

Well? You one smart cookie. Did they or no?

[Trvlr45]

Tell me, in all the billions of gift-giving, did the Executive Branch and Fed Reserve involve Congress at all, or not?

Congress were the ones who gave it all away and the language in the bill allowed the banks to not divulge where the money all went. That's our Congress for you.

Now that the idiots in Congress thought they would be nice they are finding out what they are really dealing with because the banks have told them to get lost.

I can't wait to see where this Congress leads us by "trusting" and "being nice" to our various enemies and threats around the globe. Maybe a mushroom cloud in LA or just a few buildings getting blown up every now and then.

[akak]

Congress were the ones who gave it all away and the language in the bill allowed the banks to not divulge where the money all went. That's our Congress for you.

Now that the idiots in Congress thought they would be nice they are finding out what they are really dealing with because the banks have told them to get lost.

I can't wait to see where this Congress leads us by "trusting" and "being nice" to our various enemies and threats around the globe. Maybe a mushroom cloud in LA or just a few buildings getting blown up every now and then.


I have been trying to figure out the total abdication of responsibility by Congress for years now. Especially during the Bush regime, their obsequious, silent, and servile bowing to his every whim and power-grab left me both dumbfounded and outraged! WHERE has there been ANY meaningful opposition from Congress to the unchecked power of the executive branch during the last ten years (at least)? I keep envisaging presidential goons holding guns to the heads of our Congressweasels during every significant floor vote, telling them "Vote our way or die!" And even worse, NO commentary from our illustrious "press" or corporate media on this phenomena! But I guess I just answered my own question there.