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Great news from the Fed

BobSavBobSav Posts: 937 ✭✭✭
in U.S. Coin Forum

Ben has just stated that he expects some banks to fail.....

Hold on to your shorts this is going to get rough...

Bob
Past transactions with:
Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.

Comments

  • blu62vetteblu62vette Posts: 11,943 ✭✭✭✭✭
    I think you have a little thing for this Bernake guy.....image

    Seriously I wish the Fed could go do there thing without bradcasting it to the world. I know that will never happen, but letting people see these talks causes panic which just dont need.

    I work for a bank, hopefully it does fail until after my next bonus pays........
    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • BobSavBobSav Posts: 937 ✭✭✭
    Can't help it.

    Every time I turn on the TV there he is......

    I've gotten into a bad habit of watching CNBC it's like a never ending soap opera.

    Bob
    Past transactions with:
    Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>I've gotten into a bad habit of watching CNBC it's like a never ending soap opera. >>

    Which, of course, is part of the problem in terms of making everyone think the apocalypse is on us. Constant doommongering in the financial and mainstream media makes recession a self-fulfilling prophecy. People who are long-term investors and not short-term market timers and momentum players are probably best served by shutting it off.
  • blu62vetteblu62vette Posts: 11,943 ✭✭✭✭✭


    << <i>Can't help it.

    Every time I turn on the TV there he is......

    I've gotten into a bad habit of watching CNBC it's like a never ending soap opera.

    Bob >>



    Turn off CNBC!!!!!!!!

    Ok you cna listen to him, but nobody else's comments.
    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • tahoe98tahoe98 Posts: 11,388 ✭✭✭


    << <i>

    << <i>I've gotten into a bad habit of watching CNBC it's like a never ending soap opera. >>

    Which, of course, is part of the problem in terms of making everyone think the apocalypse is on us. Constant doommongering in the financial and mainstream media makes recession a self-fulfilling prophecy. People who are long-term investors and not short-term market timers and momentum players are probably best served by shutting it off. >>




    image
    "government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
  • LALASD4LALASD4 Posts: 3,602 ✭✭✭
    I think there was an article in the Wall Street Journal that says we will have over 100 bank failures.
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
  • GemineyeGemineye Posts: 5,374 ✭
    Will the banks give out free gifts again..?? I could use a new toaster oven.....!!....image
    ......Larry........image
  • BobSavBobSav Posts: 937 ✭✭✭
    I'm afraid turning off the TV isn't going to solve any of this countries problems.

    Bob
    Past transactions with:
    Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
  • BAJJERFANBAJJERFAN Posts: 31,268 ✭✭✭✭✭
    I wish he would keep his effen mouth shut. Every time my stocks tend up he opens his BIG trapdoor and everything drops. GRRRRRRRRRRRRRRRRR...
    theknowitalltroll;
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>I'm afraid turning off the TV isn't going to solve any of this countries problems. >>

    Solve problem? No. Prevent them from getting worse? Perhaps.

    There is little doubt in my mind that at least some of the pain in the months ahead is going to be exacerbated by people who, despite their own currently secure financial situations, will watch too much media doom and gloom and decide that they too need to be careful and stop spending. Or maybe they will be panicked into selling stocks (while they are down, not exactly the best time to sell).

    Things certainly aren't sunshine, rainbows and butterflies economically. But I think the media are leading too many people into panic. And that can only make a bad situation a lot worse.
  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>I wish he would keep his effen mouth shut. Every time my stocks tend up he opens his BIG trapdoor and everything drops. GRRRRRRRRRRRRRRRRR... >>



    You haven't liquidated all stocks and put your money in PM's?
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭
    Thanks for the breaking coin news. I am glad that I get everything on this coin forum since I don't know where else I would turn to to find it out (TV? Nahhhh. Internet? Nah...what's that for anyway?)

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • YaHaYaHa Posts: 4,220 ✭


    << <i>Will the banks give out free gifts again..?? I could use a new toaster oven.....!!....image >>



    Hell, I take a free pen.
  • 291fifth291fifth Posts: 24,674 ✭✭✭✭✭


    << <i>I think there was an article in the Wall Street Journal that says we will have over 100 bank failures. >>



    I didn't know that there were even 100 different banks left given all the mergers of recent years.
    All glory is fleeting.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    There are way too many stupid people in the market with no clue what they are doing. Certainly, they have a right to be there.. but no right to whine when they make stupid moves based on herd mentality. Financial Darwinism. But wait.... the government will bail them out - damn... wish they would just let them fade away. Grrrrrrrr. Oh yeah, I forgot, socialism. Double GRRRRRRRRRRRRRR.... Cheers, RickO
  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>Thanks for the breaking coin news. I am glad that I get everything on this coin forum since I don't know where else I would turn to to find it out (TV? Nahhhh. Internet? Nah...what's that for anyway?) >>




    You're consistent,even when ill. you can go back to sleep now.
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    So has he finished talking yet?
  • notwilightnotwilight Posts: 12,864 ✭✭✭
    Don't know but gold just hit $970...
  • ElKevvoElKevvo Posts: 4,136 ✭✭✭✭✭
    Man I knew I should have taken a cubicle by the window...now I won't see the helicopters coming...

    K
    ANA LM
  • LongacreLongacre Posts: 16,717 ✭✭✭


    << <i>Man I knew I should have taken a cubicle by the window...now I won't see the helicopters coming...

    K >>




    image
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • BobSavBobSav Posts: 937 ✭✭✭
    Pardon me while I go stick my head in the sand and make believe everything is great.

    Now where did I put those rose colored glasses..

    Why do so many people think that this problem will go away if we stop talking or thinking about it.

    Bob
    Past transactions with:
    Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>Why do so many people think that this problem will go away if we stop talking or thinking about it. >>

    I haven't seen anyone say this.

    On the other hand, I and others *have* said that obsessing about it and the media hyping the people into a panic can make a bad situation worse. That's NOT the same thing as "ignore it and it will go away."
  • WaterSportWaterSport Posts: 6,913 ✭✭✭✭✭
    Hey, no need to panic...the Pres just reported we are NOT in a recession...UFB!!!!!! guess he should have talked to Ben first.

    Text Bush Speech

    WS
    Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.
  • BobSavBobSav Posts: 937 ✭✭✭
    Thanks WS I feel much better now.

    I guess it's time to get back to coins.

    Bob
    Past transactions with:
    Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>Thanks WS I feel much better now.

    I guess it's time to get back to coins.

    Bob >>




    image
    image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • MetalsmanMetalsman Posts: 2,072 ✭✭✭


    << <i>

    << <i>Why do so many people think that this problem will go away if we stop talking or thinking about it. >>

    I haven't seen anyone say this.

    On the other hand, I and others *have* said that obsessing about it and the media hyping the people into a panic can make a bad situation worse. That's NOT the same thing as "ignore it and it will go away." >>



    Typical.. just what happens in free market [which is good].. MOST of American's just dont GET IT until its TOO late.. They buy the pump-n-dump and leave their money in stocks.. Then when the gov [ in this case Bernanke] actually gives them the real status [well not even close to as bad as it really is or is going to get] they dont want to hear it. I tend to belive many on this board will be fine.. but in reallity MOST wont and will not even know it until its too late.. just another reason the rich get richer... my opinion but what do I know?image
  • Wolf359Wolf359 Posts: 7,663 ✭✭✭
    Why do so many people think that this problem will go away if we stop talking or thinking about it.

    Seems to me since we can't change it, we shouldn't be trolling message boards expressing fear
    over it either.
    Multi-channel listings of coins and inventory management

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  • jimmymacjimmymac Posts: 505 ✭


    << <i>Ben has just stated that he expects some banks to fail.....

    Hold on to your shorts this is going to get rough...

    Bob >>



    Im not a doom and gloom type, but Ive been saying as many on this forum have been saying that there's perfect storm a-brewing in the world ecomony - led by the debt-ridden, greedy hands of the good ole US of A - this country is going bankrupt caused by a multitude of reasons - and one is by the Feds adding fuel to the fire by handing out money - what a joke!! - IMHO, things are going to get tough before they get better and who knows if the US will ever rise from the ashes - God forbid if that ever happens!!!
    currently putting together a EF/AU/BU 18th & 19th Century Type Set; and CC Morgan Set

    just completed 3d tour to Iraq and retired after 28+ years in the US Army
  • MetalsmanMetalsman Posts: 2,072 ✭✭✭


    << <i>Why do so many people think that this problem will go away if we stop talking or thinking about it.

    Seems to me since we can't change it, we shouldn't be trolling message boards expressing fear
    over it either. >>



    Ahh. another victim... "we can't change it".. I can change my investments just about anytime I want.. not you?.. I dont see fear BTW. I see opportunity!! My wine glaass is half full and getting fullerimage
  • RedneckHBRedneckHB Posts: 19,661 ✭✭✭✭✭


    << <i>Ben has just stated that he expects some banks to fail.....

    Hold on to your shorts this is going to get rough...

    Bob >>



    You should have already expected this.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • MetalsmanMetalsman Posts: 2,072 ✭✭✭


    << <i>

    << <i>Ben has just stated that he expects some banks to fail.....

    Hold on to your shorts this is going to get rough...

    Bob >>



    Im not a doom and gloom type, but Ive been saying as many on this forum have been saying that there's perfect storm a-brewing in the world ecomony - led by the debt-ridden, greedy hands of the good ole US of A - this country is going bankrupt caused by a multitude of reasons - and one is by the Feds adding fuel to the fire by handing out money - what a joke!! - IMHO, things are going to get tough before they get better and who knows if the US will ever rise from the ashes - God forbid if that ever happens!!! >>



    image but would edit to read.. IMHO, things are going to get VERY tough before they get better.
  • Newcomp103Newcomp103 Posts: 2,223 ✭


    << <i>Ben has just stated that he expects some banks to fail.....

    Hold on to your shorts this is going to get rough...

    Bob >>




    It's time for ya'll to learn "THE CREDIT UNION PHILOSOPHY then!!!!imageLearn something new about Credit Unions today!...and...here is a coin to stay on topic!!!!
    image

    image
  • BearBear Posts: 18,953 ✭✭✭
    This is the poop. The Fed is trying to prepare

    the people for what they know is coming. While

    the talking economic heads are saying the storm

    will be over in a few months, they are lying or are

    just plain stupid. Things will get bad for longer then

    a few months. We will survive but it will get very nasty.

    Dow.... 11,000 here we come

    Whomp....whomp...whomp....Here comes the heloes!
    There once was a place called
    Camelotimage
  • MrBeastMrBeast Posts: 132


    << <i>Then when the gov [ in this case Bernanke] actually gives them the real status [well not even close to as bad as it really is or is going to get] they dont want to hear it. >>



    At the risk of appearing pedantic, the Federal Reserve is as much the "gov" as Federal Express is! They may be the rulers, but they ain't the government. The creation & subsequent role of the Fed is probably the single biggest con pulled off against the US public - but I will stop, before I turn into Ron Paul.

    "Let them eat ...

    image
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>

    << <i>Why do so many people think that this problem will go away if we stop talking or thinking about it. >>

    I haven't seen anyone say this.

    On the other hand, I and others *have* said that obsessing about it and the media hyping the people into a panic can make a bad situation worse. That's NOT the same thing as "ignore it and it will go away." >>



    it's a negative feedback loop, a real phenomena

    the commodities (NOT just PM's) are at last being "heard" as to where the real juice is going, in tangibles....

    i like waking up to CNBC (west coast)
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Banks failing? So this is "new" news?

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • BearBear Posts: 18,953 ✭✭✭
    The tax that no one ever talks about, is inflation.

    It robs your paycheck, your savings and pensions

    for those who have them. Make no mistake, we end

    up paying for every dollar the Government spends.



    This is the Golden Rule. Always believe the opposite

    of whatever the Government speak says.

    We are not in a recession....................................Truth, we are probably headed for worse

    The slower economy will not last long..................Truth , it will be bad and long

    We are taking aggressive steps..........................Truth, too late, too late

    Many stocks are a good buy now........................Truth, better buys later on.

    Your Government has everything under control.. Truth, Watch out below.

    The economy is fundamentally strong..................Truth, Herbert Hoover in 1929, trying to brainwash
    the great unwashed masses.

    There once was a place called
    Camelotimage

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