Are we headed for GFC 2 ?

trew

trew

Active Member
Silver Stacker
Can't put my finger on anything specific but I swear the current climate feels like early to mid 2008...

.. when everything just kept dropping for no particular reason.....

only later in the year with TARP and Lehman going belly up did all the real bad news come to light

wtf is going on with these markets ?

and I don't just mean gold/silver
stock market is really schizo and on edge - any stock with even minor bad news gets absolutely killed
bond market is tanking

I suspect there is a whole lot going on within hedge funds that the rest of us have absolutely no idea about.
 
trew said:
Can't put my finger on anything specific but I swear the current climate feels like early to mid 2008...

.. when everything just kept dropping for no particular reason.....

only later in the year with TARP and Lehman going belly up did all the real bad news come to light

wtf is going on with these markets ?

and I don't just mean gold/silver
stock market is really schizo and on edge - any stock with even minor bad news gets absolutely killed
bond market is tanking

I suspect there is a whole lot going on within hedge funds that the rest of us have absolutely no idea about.
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Yes that feeling is back and the clock is ticking again.
 
remember how expensive it was to fill the tank of your car back during the GFC?

The Falling Australian dollar will get us back there again quicksmart!
 
There is something going on in the heart of the global financial system. The USD is losing relevance while the Yuan is becoming increasingly used as the basis of trade.

Sir Mervyn met with Governor Zhou Xiaochuan earlier this year in China
The Bank of England and its Chinese counterpart have signed a deal likely to boost trade between the UK and China in the yuan.

The Bank and the People's Bank of China have signed a three-year currency swap arrangement worth 200bn yuan (21bn, $33bn), the UK central bank confirmed.

The UK is looking to become a centre for the Chinese currency, also known as the renminbi.

British banks hold 35bn yuan worth of deposits in the Chinese currency.

Currency-swap agreements allow central banks to swap currencies and can be used by firms to settle trade in local currencies rather than in US dollars, as happens now, since China's currency is not fully convertible to other currencies.

The prospective deal was first announced in February by BoE Governor Sir Mervyn King.

"In the unlikely event that a generalised shortage of offshore renminbi liquidity emerges, the Bank will have the capability to facilitate renminbi liquidity to eligible institutions in the UK," Sir Mervyn said on Saturday.

Last year, the UK Treasury announced plans to make London - the world's largest currency trading hub - the leading international centre for trading the yuan outside mainland China and Hong Kong.

China has been gradually relaxing strict controls on the value of its currency and on flows of capital.

Beijing has been using these pacts as part of its push for a more global role for the yuan.

It has a swap agreement with Brazil worth $30bn and has also signed similar agreements with other trading partners such as Japan, Australia and Hong Kong.

http://m.bbc.co.uk/news/business-23020718
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LOL whats all the fuss about. A measly couple % drop and everyone is making all this racket.

They should try being a silver investor!
 
doomsday surprise said:
When the bond bubble pops then 2008 will look like a picnic.
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It seems this event is getting closer. Can you imagine the impact on the banks when their paper assets all drop in value!
 
MyNamesNotBen said:
Old Codger said:
I am counting the hours until the open of the ASX on 1st July.


OC
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Why's that? Please explain ?
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Probably something to do with selling shares that are up so the capital gain falls in the new financial year I would guess
 
Think what you will , but check out this link!!!!!!!!!!!!

http://www.sec.gov/cgi-bin/browse-e...include&Find=Find+Companies&action=getcompany

We the Australian People were sold off back in 1927 and the whole Country belongs to the USA.
The Country and every Goverment department are Corperations registered with the American Securities and Exchange comission.

Look for your self, do some searches on the site.

Have read of this site. http://basic-fraud.com/

All true so going into silver is better than gold as the Goverment can and may soon recall all gold as we go back to the Gold Standard.
 
Bigfella said:
We the Australian People were sold off back in 1927 and the whole Country belongs to the USA.
The Country and every Goverment department are Corperations registered with the American Securities and Exchange comission.
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You're not RomanControl in disguise are you ? :lol:
 
trew said:
Bigfella said:
We the Australian People were sold off back in 1927 and the whole Country belongs to the USA.
The Country and every Goverment department are Corperations registered with the American Securities and Exchange comission.
Click to expand...

You're not RomanControl in disguise are you ? :lol:
Click to expand...

He is 1 in a million ito being tuned in
 
Simple. The financial system broke in 2008. They didn't fix it. They papered over the cracks (literally) so people couldn't see them. Meanwhile the cracks keep widening.
 
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