BUY GOLD & SILVER NOW. THE FINANCIAL COLLAPSE WILL COME SOON IN 2018. USA has over a $US20m deficit it cannot get right. Disasters, wars, internal strife causing massive upheaval & the FED cannot just keep printing $$$ out of the sky.
Hua Seng Heng GOLD SHOPS note the sign above the road.
SO WHATS HAPPENING TO THE WORLD & WHY
FINANCIAL COLLAPSE HAD TO HAPPEN:
The world in 2017 is a mess. Governments have not curbed spending and borrowing & now the EU is in a mess. USA has been downdraded to AAA same as NZ status now and the confidence of the Banks being in disarray. The US Fed needs to stop printing money they cannot back up and the world is heading for recession once again. There was nothing learnt during the last monetary crash led by greedy Bankers & rating agencies who squandered the subprime CDOs. Now we have China heading the world as the strongest nation & the likes of USA, France and Germany intent on taking the oil from Libya etc.
the last three months, major U.S. lenders Wachovia Corp and Washington
Mutual Inc suffered rapid outflows of deposits, as losses mounted on
mortgages and other debt.Under pressure from regulators, Wachovia
agreed to sell itself, while Washington Mutual failed and its deposits
and some of its assets were bought by JPMorgan Chase & Co. Banks
have already started telling their depositors that they cannot withdraw
their own cash and there are more banks that will hit the wall as we
write. The Bank collapses have spread right around the world and will
increase as will the attempted bailouts by governments who must print
money to keep up but how long can this last. Banks have been given Fed
loans are not using the funds as stated but securing their own good
welfare. The Iceland Bank is broke & won't respect depositor funds
from the Uk only themsleves?.
15. The worsening economy is squeezing all airlines. Europe's flag carriers, with dwindling sales of premium-class tickets starting to take their toll. On Thursday, Air France-KLM followed British Airways and Lufthansa in reporting a steep fall in quarterly earnings, largely because of the asphyxiating price of oil last summer.
16. Plunging oil prices and the global financial crisis, have hammered Russia particularly hard, & raised questions about Russia's reliability as an economic partner for the Sth American countries whom they were about to be heavily involved with.
Central banks are the ones responsible for creating this system thanks to their "fiat currency system" ( the fiat currency system that we have now is based on trust, trust in terms of paper money, trust in the government who really never can tell a situation will happen.
We believe in them as we have no choice so now you can see whats happening ). Since the introduction of the Euro, monetary inflation has been exceeded 10% per year. A lot of people don't know it, but monetary inflation is the real, true inflation so think about your future. Monetary inflation is printing money & thats why we are talking about bilions now not millions. Credit expansion is based on the promise to pay money back. The Central Banks give money to Banks and Financial houses on credit. These Banks lend money to people hoping that it gets paid back because those banks are obliged to pay back the central bank. The central bank approves the credit that the banks lend to individuals and companies. If people are no longer able to pay it back because they've gotten so deep into debt, then the banking sector can't meet its obligations to the central bank either. But in this case Banks were ending 100% with no equity. That results in bankruptcy. And what we're now seeing - the first signs of this with the credit crisis - is that a few banks have already gone bankrupt. Bear Stearns & now Lehmans & then Insurance Companies like privately owned AIG with many more to come. The US Govt should not bail out the likes of AIG but they have & now you have one man dictating the terms of a Central Banking system & perhaps the collapse of the monetary system -- thats right Paulson! However the bailoput happened and the people are the losers. The winners are the bank execs who are taking home huge bonus payments eg Lehmans.The market crash has stalled the once on-course retirement plans of hundreds of thousands of investors & the losers are the borrowers --people who now cannot pay back the banks. But the situation is the world will get worse and people need to not just use one bank but spread their money around. Just watch other countries??? and you will then realize take your money oput of the banks and invest in gold.
DECEMBER 2008 US CRISES REPORT
Jobless numbers are skyrocketing, the stock market is plummeting and the banking industry continues a decline, outpaced only by the fall of the U.S. auto industry. The Bush administration has not said much about the issues other than to quietly state its positions. The executive office has approved extending unemployment benefits, has opposed a wholesale bailout of the auto industry and frowns on the idea of using the $700 billion in Temporary Asset Relief Program funds to help homeowners or to provide bridge loans to automakers. Every day now jobs are being lost as more companies bite the bullet
UPDATE JANUARY 2009
Unemployment set to get worse in USA by 2m jobs this year and more in every country as the situation gets worse. General Motors has opened negotiations with the United Auto Workers to determine what concessions unionized workers will have to make to keep America's largest automaker from bankruptcy. The company has now received the first $4 billion of $9.4 billion in federal bailout funds, but has only until March 31 to submit a plan to the White House outlining the steps it will take to return to profitability. If federal officials are not convinced by the plan, they can recall the loan - forcing the company into bankruptcy. UAW resistance to wage cuts, according to some negotiators, was what killed an earlier auto bailout plan proposed in Congress in November
UPDATE JANUARY 2010
Unemployment set to get worse in USA and as the Fed keeps on prionting money to save institutions the Banks keep on doing the same thing.
Our motto buy gold& silver while its low & maintain assets you have. Most of all don't borrow & keep control of your funds???
Source: Pier Stern / Khun Tam & http://www.deepjournal.com
George Soros, the hedge fund legend and billionaire philanthropist, said on the 9th April 2008 the subprime mortgage crisis is likely to cause global losses of over $US1 trillion, characterizing the situation as the most severe since the Great Depression. It is now Sept and AIG, Lehmans, Bears & Stern, Washington Mutual Inc, Icelandic bank, California-based IndyMac Bank etc have collapsed and many more to follow. Analysts project another 150 banks could collapse but now in 2011 anything can happen as the world crises will deepen .
We have yet to see subprime hit Thailand --- it will as the banks are saying nothing yet hiding behind a charade & the politicians are more concerned about getting ministries & fill their pockets more. Condos in Bangkok are plentiful and Property Investors are saying there is not enough condos here but they normally say this so people will invest. If you borrow you are in for a shock. If you have excess funds to play with OK but stay away from fund managers & hold on to your money --- better still listen to us and buy condos only not 30 year leases in Thailand under Estate managements and just buy what you need. But check out the condo and Company first if they have mortgages? The rest invest in gold & silver is our fix . [ Read more about Fund Managers ]
LEHMANS BANKRUPT BUT GUESS WHO GOT THEIR MONEY:
The bailout helps the Execs and banks not the taxpayers and in fact thery lose out completely. The firm Lehmans, in the days before it filed for bankruptcy, sought board approval to pay three departing executives more than $20 million, according to Waxman."Even as Mr. Fuld was pleading ... for a federal rescue, Lehman continued to squander millions on executive compensation," Waxman said. Waxman displayed a chart that detailed what he said was $480 million in compensation since 2000 and pointed out that Fuld owned a $14 million oceanfront home in Florida, an extensive art collection and another home in Sun Valley, Idaho. "Your company is now bankrupt, the economy is in a state of crisis, yet you get to bring home $480 million," said Waxman. "Is this fair, when the CEO of a company that's bankrupt has made that much money?"
GENERAL MOTORS, FORD & CHRYSLER SET TO GO INTO BANKRUPTCY:
The CEOs of GM, Ford and Chrysler may have told Congress that they will likely go out of business without a bailout yet that has not stopped them from traveling in style, not even First Class is good enough. All three CEOs - Rick Wagoner of GM, Alan Mulally of Ford, and Robert Nardelli of Chrysler - exercised their perks Tuesday by flying in corporate jets to DC. Wagoner flew in GM's $36 million luxury aircraft to tell members of Congress that the company is burning through cash, asking for $10-12 billion for GM alone.
GM has announced it will get rid of 2 (out of 7 jets) of its corporate jets after arriving in Washington to ask for bail out monies yet have no concern to trim costs nor had a plan of how they will trim costs. GM pays more money in corporate sponsorship than Ford or Chysler who also asked for a handout but they too had no game plan to trim costs as well as execs salaries..
On Oct. 3, AIG said it had already used $61 billion worth of the loan and was selling off parts of its business to help pay it off.On Oct. 16, the House will hold a hearing on the regulation of hedge funds. An Oct. 22 session will focus on the breakdown of credit rating agencies, and a hearing on Oct. 23 will scrutinize the role of federal regulators. But execs still have high salaries and jobs and have control of the funds???? Again how can they determine what their assets are worth?
December 2008 the big 3 have been given a bailout? But will this be enough to survive. We think not?
To buy SILVER BARS IN BANGKOK TRY KITCO
you had purchased $1,000 of shares in Delta Airlines one year ago, you
will have $49.00 today. If you had purchased $1,000 of shares in AIG
one year ago, you will have $33.00 today. If you had purchased $1,000
of shares in Lehman Brothers one year ago, you will have $0.00 today.
But, if you had purchased $1,000 worth of beer one year ago, drank all
the beer, then turned in the aluminum cans for recycling refund, you
will have received a $214.00. Based on the above, the best current
investment plan is to drink heavily & recycle. It is called the
If you are unsure of a gem shop in Bangkok contact the Tourism Assistance Center, Tourism Authority of Thailand, Le Concorde Building, 202 Ratchadapiser Road, Bangkok 10310. Tel: 694-1222, ext. 1090-1094, or the Thai Gem and Jewelery Traders Association, 942/152 Charn Issara Tower, 15F, Rama 4 Road, Bangkok 10500. www.tgjta.com , email firstname.lastname@example.org or telephone 267-5233-6.
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