In a TOTAL banking meltdown..............

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I think well see nationalized banks pretty soon. a lot of small banks will be gobbled up and their will be 3 or 4 big national banks. Then once the economy stabilizes the banks will be returned to the private sector.
 

On Our own

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FarmerChick said:
Better not be a banking meltdown cause right now I am buying up alot of bank stock since it is sooooo low it is incredible. I hope in the future to capitalize on these stocks.....Hmmm.....

But I don't see this happening either. With a govt. in place in all countries a total banking meltdown is not going to happen. Depression (a real one) and more trouble, sure that is already going to happen....but bail outs will be provided to keep a system in place. I just don't see it any other way.

A system of bartering in real life global economy....no way that just will never happen.

For me, I just don't worry about "what if" of these kinds of questions cause I have everyday life stuff to handle...LOL-LOL and that keeps me occupied big time...LOL
Total global barter I agree is extremely unlikely. But, I am not buying ANY financial services sector stocks. I'd rather go to Vegas to gamble my money! There is NO way to know which of these companies are going to survive and if they are allowed to tank many of their stocks will be worthless. (Says some one who once owned Enron stock!)

I had dumped all of my bank stocks back in August, but could not dump bank holders in funds...... I dumped insurers but foolishly left myself over exposed in oil stocks. Who knew they would tank so badly!
 

Mackay

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I had heard that there is going to be a one time opportunity for people to cash in for 10,000 of their 401ks with out huge tax penality. Does anyone know the details on this?
 

PamsPride

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Mackay said:
I had heard that there is going to be a one time opportunity for people to cash in for 10,000 of their 401ks with out huge tax penality. Does anyone know the details on this?
I would like to know if this is true too? If they do allow that to happen won't that cause more volitility in the market? 401Ks keep the market somewhat stable because because people generally do not cash them all out at will because of the taxes.
 

MorelCabin

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Here in Canada that pretains to first time home buyers. You can cash in for a downpayment on your first home, without penalty, but that is all I know about it
 

FarmerChick

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On Our own said:
FarmerChick said:
Better not be a banking meltdown cause right now I am buying up alot of bank stock since it is sooooo low it is incredible. I hope in the future to capitalize on these stocks.....Hmmm.....

But I don't see this happening either. With a govt. in place in all countries a total banking meltdown is not going to happen. Depression (a real one) and more trouble, sure that is already going to happen....but bail outs will be provided to keep a system in place. I just don't see it any other way.

A system of bartering in real life global economy....no way that just will never happen.

For me, I just don't worry about "what if" of these kinds of questions cause I have everyday life stuff to handle...LOL-LOL and that keeps me occupied big time...LOL
Total global barter I agree is extremely unlikely. But, I am not buying ANY financial services sector stocks. I'd rather go to Vegas to gamble my money! There is NO way to know which of these companies are going to survive and if they are allowed to tank many of their stocks will be worthless. (Says some one who once owned Enron stock!)

I had dumped all of my bank stocks back in August, but could not dump bank holders in funds...... I dumped insurers but foolishly left myself over exposed in oil stocks. Who knew they would tank so badly!
Stock or Vegas is both a gamble. I know Vegas stacks the odds against you "on purpose"-----so I am buying bank stock knowing I will make money....how much, who cares truly.....I know it is a best gamble versus black jack at a casino....LOL-LOL

But truly...it is time to invest in America's future. And some might WIN!!!!
 

SKR8PN

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FarmerChick said:
But truly...it is time to invest in America's future. And some might WIN!!!!
ANYBODY who is in the stock market, or is buying bank stocks, might want to reevaluate your portfolio.... Do a couple of Youtube or LiveLeak searches on what is TRULY happening in America today.


http://www.liveleak.com/view?i=96e_1237599277


http://www.youtube.com/watch?v=DAtO8gT2eEs&feature=channel_page

http://www.liveleak.com/view?i=98a_1237890633

http://www.teapartyday.com/


Thank God we have a few people that are waking up and asking questions.... I just hope and pray it isn't already to late.

http://www.geocities.com/c_ansata/nwo48.html

http://oath-keepers.blogspot.com/


I'm just sayin'...........
 

sylvie

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SKR8PN said:
FarmerChick said:
But truly...it is time to invest in America's future. And some might WIN!!!!
ANYBODY who is in the stock market, or is buying bank stocks, might want to reevaluate your portfolio.... Do a couple of Youtube or LiveLeak searches on what is TRULY happening in America today.


http://www.liveleak.com/view?i=96e_1237599277


http://www.youtube.com/watch?v=DAtO8gT2eEs&feature=channel_page

http://www.liveleak.com/view?i=98a_1237890633

http://www.teapartyday.com/


Thank God we have a few people that are waking up and asking questions.... I just hope and pray it isn't already to late.
http://www.geocities.com/c_ansata/nwo48.html

http://oath-keepers.blogspot.com/


I'm just sayin'...........
Could you briefly describe the content of these links? Normally I read all links and evaluate for myself but my DSL is misbehaving and I can't view them. :(
 

reinbeau

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SKR8PN said:
Thank God we have a few people that are waking up and asking questions.... I just hope and pray it isn't already to late.

http://www.geocities.com/c_ansata/nwo48.html

http://oath-keepers.blogspot.com/


I'm just sayin'...........
The one world order people are very vocal and strong sounding right now, and I do fear for the freedoms we have that are protected by The Constitution. I hope these people do exist rather than they're just being articles on the internet.
 
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I saw these people on a Steven Segal movie. Can't remember the name.
 
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