If we were in the majority, we wouldn't be in this crises.

We're relics.

We're not the minority or relics. We are radicals intent on destroying Amerika.

At least that's how we're viewed anyways.

Two words: tax base.

We're terrorists according to a myriad of alphabet soup agencies, who, IMO, are the enforcement arms of the real terrorists, corps. The .gov is simply an illusion of self-determination for the proles

Anyhow , suppose sanity returns and t's hit 6-7%. Are they worth a gamble?. What if they hit 18% ala 1980's? Is that the guaranteed end of America or a bump they can overcome like in the 80's?

I still wonder if that old paper isn't behind some of today's problems. There's 7.5 doublings at that rate over 30 years, roughly. $20k then is $3.5m now. I knew folks who went deep in hock to invest in t's.

Anyone shed light on how t's of that era work and pay out.

Quote:

Is that the guaranteed end of America[?]

Did Russia end in 1998?
Did Argentina end in 1999–2002?
Did Iceland end in 2008?

Will it suck for a while? Almost certainly. But in the long run, we might emerge stronger/better if there's no more Free **** for anyone.

-Uwe-

As long as there is no more free **** for banks, politicians and corporate execs then I am good with austerity for the people. The minute that wall street banks are liquidated as the insolvent **** heaps that they are and sold for pennies on the dollar and their executives and board banned from the industry for life and working at McDonald's and their personal ill-gotten fortunes clawed back is the minute I am 100% for cutting off the FSA. Until then not so much.

^^^^^^^^^^^^This!

Well put, J0nx!

Yep. What J0nx said!

the petro dollar dies imho and when it does and after it does it will be a big bag of suck most americans wont even understand ... a huge paradigm shift

Seems as though the 2012 is going about as well as the 2009, 2010, & 2011 "collapses".

Buy the dip has been the trade since 2009 and probably has been reinforced into every HFT algo, amazingly it has finally made its way to here on the TF, so I don't give it too much more time for it to keep repeating.

In the last four years when discussing the market/economy with people I was always labeled a doomer with my TF analysis & thoughts, now I find most people I have been talking with seem to readily acknowledge that we are going off a cliff but there is nothing they can do about it and they will just enjoy what's left of our current system.

The real PANIC will come fast and sudden.

^^^^^^^^^ This , someone told me I am bitter because of my views. I told them the only thing I am bitter about is that you aknowledge it all but refuse to stand against it. .

War.

Either of the bombs and guns kind, or the inner circle disputes where a previous member gets left out in the cold(LEHMAN).


Everything else is ignorable propaganda and algobots.

A shot across thw bow maybe?

Fair warning?

Who knows.

Quote:

Exclusive: U.S. banks told to make plans for preventing collapse

Fasten seat belts and put the trays in the upright position.

Quote:

Reuters) - U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

The two-year-old program, which has been largely secret until now, is in addition to the "living wills" the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.

Officials like Lehman Brothers former Chief Executive Dick Fuld have been criticized for having been too hesitant to take bold steps to solve their banks' problems during the financial crisis.

According to documents obtained by Reuters, the Federal Reserve and the U.S. Office of the Comptroller of the Currency first directed five banks - which also include Citigroup Inc,, Morgan Stanley and JPMorgan Chase & Co - to come up with these "recovery plans" in May 2010.

They told banks to consider drastic efforts to prevent failure in times of distress, including selling off businesses, finding other funding sources if regular borrowing markets shut them out, and reducing risk. The plans must be feasible to execute within three to six months, and banks were to "make no assumption of extraordinary support from the public sector," according to the documents.

Spokespeople for the five banks declined to comment. The Federal Reserve also declined to comment.

Recovery plans differ from living wills, also known as "resolution plans," which are required under the 2010 Dodd-Frank financial reform law. Living wills aim to end bailouts of too-big-to-fail banks by showing how they would liquidate themselves without imperiling the financial system.

"Recovery plans are about protecting the crown jewels," said Paul Cantwell, a managing director at consulting firm Alvarez & Marsal. "It's about, 'How do I sell off non-core assets?' The priority is to the shareholders. A resolution plan is about protecting the system, taxpayers and creditors."

The recovery plans are being used as part of regulators' ongoing supervisory process. In Britain, recovery and resolution plans have both been part of the living will requirements for large banks.

Mike Brosnan, senior deputy comptroller for large banks at the OCC, said the regulator continuously evaluates contingency planning at the banks and savings associations it supervises.

"Recovery plans required of the largest banks are helpful in ensuring banks and regulators are prepared to manage periods of severe financial distress or instability affecting the banking sector," he said.

This summer, nine global banks submitted living wills to the Fed and Federal Deposit Insurance Corp, and regulators released the public portion of the documents.

The recovery plans requested in 2010, meanwhile, have received little publicity. The names of the banks required to submit them have not been previously disclosed, and Reuters obtained them only through a Freedom of Information Act request.

The Fed supplied Reuters with the letters requesting plans from banks, but not the banks' actual plans because they were deemed confidential supervisory information. The regulator said it was withholding 5,100 pages of information.

MOVING FURTHER FROM DISASTER

Five years after the financial crisis, concerns remain about whether blow-ups at big banks could lead to another round of taxpayer bailouts. Trading losses have cost JPMorgan nearly $6 billion so far, and scandals such as the alleged rigging of an international interest rate benchmark have only highlighted the risks lurking inside big banks.

These disasters have damaged banks' reputations, but not their balance sheets. Most are still profitable, and in recent years the five banks have improved their capital bases and liquidity. They also have been subjected to annual Federal Reserve stress tests that measure whether the banks have sufficient capital to weather severe economic scenarios.

Bank of America and Citigroup, in a sense, have already been executing the kind of moves called for in the recovery plans. Both have been selling off non-core operations and assets to streamline their sprawling businesses, after receiving multiple bailouts during the financial crisis.

Bank of America in June 2011 told Fed officials that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said in January. The proposal was part of a series of options provided to the Fed, including issuing a tracking stock for Bank of America's Merrill Lynch operations.

But just because the bank proposed selling branches does not mean it's a desirable move or highly probable, the person said. In the past year, Bank of America has shown progress in building capital without such actions. Its Tier 1 common capital ratio increased to 11.24 percent of risk-weighted assets as of June 30 from 8.23 percent a year earlier.

Tier 1 refers to a bank's core capital and has been the main focus of regulators in assessing a bank's capital adequacy.

MENTIONED IN PASSING

The banks' chief risk officers, and in the case of Citigroup, Chief Executive Vikram Pandit, received letters in May 2010 instructing them on what to include in the recovery plans. The requests stemmed from January 2010 crisis management meetings held by regulators. The letters sent to the five banks were nearly identical.

Each plan was to address severe financial stress at the firm, as well as "general financial instability." The plans should be capable of being executed ideally within three months, but no longer than six months, the documents said.

The plans should "make appropriate assumptions as to the valuations of assets and off-balance sheet positions," the documents said.

Recovery plans have been mentioned in public before, but only in passing. In testimony to Congress in July 2010, Fed Governor Daniel Tarullo said the "largest internationally active U.S. banking organizations" were working on recovery plans. The initiative stemmed from work led by the Financial Stability Board, a body that coordinates the work of international financial regulators, he said.

In a presentation in March, JPMorgan Chase said it had a recovery plan in place and said it was ordered by regulators. The presentation was organized by Harvard Law School and was closed to the media at the time, but is available online. (here)

(Reporting By Rick Rothacker in Charlotte, North Carolina; Additional reporting by David Henry in New York; Editing by Leslie Adler)

http://www.reuters.com/article/2012/08/1....

http://www.theburningplatform.com/?p=387....

David Korowicz, a physicist and human-systems ecologist, recently authored a lengthy 78-page white paper titled: “Trade-Off: Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse.”

It explores the increasing systemic risk brewing in the global financial and trade systems. Using complex systems analysis, he explains how within weeks of the next major economic shock, like a major bank failure or a country exiting the eurozone, contagion would quickly spread through global supply chains, causing an “irreversible global economic collapse.”

Korowicz warns that in the next crisis, “neither wealth nor geography is a protection. Our evolved co-dependencies mean that we are all in this together.”

Some Scary stuff!

Quote:

TGR: Finally, what is your investment model?

DS: My investing model is ABCD: Anything Bernanke Cannot Destroy: flashlight batteries, canned beans, bottled water, gold, a cabin in the mountains.

TGR: Thank you very much.

Was there any doubt that a "human-systems ecologist" would 'find' that "Our evolved co-dependencies mean that we are all in this together.”?

On this image posted by Jesse in 2008, I think we are just past the first hurdle.

^ any x axis info?

^^ explanation of y-axis units would also be illuminating.

That looks like a seismograph plot.......

could be VIX?