ISEQ crash deepens - down over 70%

[youngdan]

U.K. Bond Auction Fails for First Time Since 2002 (Update2) - Bloomberg.com

This is the news of the complete failure of the Brit bond sale today. This is no surprise as no private investor except a doop, and they exist, would buy a 40 year gilt when they are easing. Now they must buy the gilts themselves or face the alternative.

The alternative would be to say they would not ease and defend the pound. Then interest rates would rise in the short term but things would be fine. They would balance their budget and interest rates would fall.

They are screwed otherwise

[Squire Allworthy]

In middle England there is widespread disquiet about New Labour and a growing feeling that they need a new government ASAP. Mervyn King made an extraordinary statement urging Brown to start to considering balancing the budget. This could not have helped the sale of bonds.

Mervyn King warns Gordon Brown to stop spending - Times Online

Here is another view of the problem, this time related to the USA.

The Market Ticker

[youngdan]

Time to cheer everybody up.

look at the expression om the Elf after Bernie the Banking Queen tells him to shut up. The lads in the pink dresses are getting under Bernie's skin and he should be used to it by now.

[ame=http://www.youtube.com/watch?v=jV_7bEdpjX4]YouTube - Barney Frank Tells 'Code Pink' To 'Grow Up' During AIG Hearing[/ame]

[Fear Dorcha]

Here is an interesting video on the creation of money. The video is old but certainly not dated, in fact its probably very appropriate. I thought at first that it was one of those conspiracy jobs but it is far better thought out and draws on historical fact to outline its premise. I'm posting this on the Isick thread as well as there seems to be some dissusion there on gold backed currrency. The end of this video however is very much in agreement with advice on the thread with the idea of getting into mainly silver but also gold as a port in a monetary storm. The points on withdrawal of credit and tightening of lending conditions sent a shiver down my spine seeing as this precedes the current "credit crunch" by more than 10 years.

If this has allready been posted then sorry but its still no harm to view again.

<embed id="VideoPlayback" src="http://video.google.com/googleplayer.swf?docid=-515319560256183936&hl=en&fs=true" style="width:400px;height:326px" allowFullScreen="true" allowScriptAccess="always" type="application/x-shockwave-flash"> </embed>

[youngdan]

[ame=http://video.google.com/videoplay?docid=-515319560256183936]The Money Masters - How International Bankers Gained Control of America[/ame]

Are you talking about The Money Masters

[/etc]

Get ready for some wild swings this coming week!

[Fear Dorcha]

The Money Masters - How International Bankers Gained Control of America

Are you talking about The Money Masters

I am indeed. Its an ideal crash course in fractional reserve banking and other such shenanigans.

[constitutionus]

ok WTF is going on?

the iseq is up 69pts or 3% to 2354

i know the dow did well the last two days but seriously i dont know whats causing this. i probably shouldnt complain is ive just made a little bundle out of a sell as the banks are up alot, AIB at 90 and BOI at 69, and i chanced my arm at one of them which i really didnt think would pay off but still im kinda thrown.

anyone out there got an inkling whats behind this?

the other stocks are up but not by that much so it seems to be on the back of the banks and CRH.

[EvotingMachine0197]

ok WTF is going on?

the iseq is up 69pts or 3% to 2354

i know the dow did well the last two days but seriously i dont know whats causing this. i probably shouldnt complain is ive just made a little bundle out of a sell as the banks are up alot, AIB at 90 and BOI at 69, and i chanced my arm at one of them which i really didnt think would pay off but still im kinda thrown.

anyone out there got an inkling whats behind this?

the other stocks are up but not by that much.

No idea either really. I sold 2000 AIB yesterday at 0.6775 so I'm feckin raging. I just keep getting the timing on this stuff wrong.

Some analysis I've read are calling it a bear market bounce which won't last into May.

[constitutionus]

ouch !

my mate got burned the oposite way. he bought that at 0.69 and then the things collapsed to 55c so this is his first chance in a while to get his money back.

i think your right. i cant point to anything supporting this besides sentiment so i intend to get shot of some of my other shares and take a modest profit on them with the intention of getting back in to the same number of shares when they fall back to the 50 odd mark as i see that being more likely in the short term.

its a mad business this