Possible Federal Reserve failure mentioned on CNBC

[dpetty]

I found this very interesting and highly possible as many of the mid size banks are in dire straits and the Fed is low on cash reserves from bailing out the mega banks. Guess what was funny was the reactions of the hosts after the statement was made, seemed to be a wave of fear.

http://www.cnbc.com//id/25406894

[BeNotAfraid]

The first post on our main thread in this forum said when this stuff goes MSM, it's likely too late to prepare...

Do what you can now folks...msm is catching on. They seem to be 1-3 weeks behind now as opposed to months...

[mikenelson]

The first post on our main thread in this forum said when this stuff goes MSM, it's likely too late to prepare...

Do what you can now folks...msm is catching on. They seem to be 1-3 weeks behind now as opposed to months...

Ya but that video isn't accepted as mainstream even on CNBC - look how they labeled it on their main page..."Dr Doom speaks". So they've painted him as an outside-the-mainstream voice, as purely a pessimist. Good video though, it's one of the only times on CNBC that you'll hear some reality from the MSM. That guy has it right about the banking system being largely insolvent and hiding that fact within a bunch of junk-rated accounting.

The really sad thing is another headline on there; "Shorting Stocks Could Be Way to Play This Market". A way to play the market huh, just like your favorite Vegas t.v. show. Everyone wants to be big rollers, but the under-educated investor is going to get caught in downward spiral they can't get out of. They are doing a huge disservice to people by spreading this kind of junk. The market is very oversold right now, and if they aren't careful a real-life crash may be the next episode in this saga.

Ah well, what can you do...the lines between fantasy and reality have been so blurred in our world that I don't think many people will be able to distinguish reality until it's a very harsh one that affects them personally.

[dpetty]

Yes the termites have eaten away at United States financial supports till the entire thing about to collapse in on its self. Fact of the matter is Marc Faber was right on taget and the markets know it but the music is still playing but I think soon it will stop and a lot of folks are not going to have a chair to sit in.....

[saulteux]

Excellent video.

[Witness4Jesus]

Wow, Well, I believe he is talking about investment banks. Not all banks are investment banks.

[BeNotAfraid]

Ya but that video isn't accepted as mainstream even on CNBC - look how they labeled it on their main page..."Dr Doom speaks". So they've painted him as an outside-the-mainstream voice, as purely a pessimist. Good video though, it's one of the only times on CNBC that you'll hear some reality from the MSM. That guy has it right about the banking system being largely insolvent and hiding that fact within a bunch of junk-rated accounting.

The really sad thing is another headline on there; "Shorting Stocks Could Be Way to Play This Market". A way to play the market huh, just like your favorite Vegas t.v. show. Everyone wants to be big rollers, but the under-educated investor is going to get caught in downward spiral they can't get out of. They are doing a huge disservice to people by spreading this kind of junk. The market is very oversold right now, and if they aren't careful a real-life crash may be the next episode in this saga.

Ah well, what can you do...the lines between fantasy and reality have been so blurred in our world that I don't think many people will be able to distinguish reality until it's a very harsh one that affects them personally.

I just read the article, I can't watch video right now. I figured he was labeled "crazy" though. The MSM only wants to hear what they want to hear, ya know? Reality? We live in a world of virtual reality and relativism--it's mind-boggling how we can have one of the most educated populations in US history (in terms of people finishing high school, higher education, etc...) and we have somehow completely abandoned (lost?) the ability to think critically. It's like we live in little worlds of our own creation--all of the choices we have on a daily basis give us a false sense of power, being in control--we choose to listen to only the things that fit the with our little "reality". When the facade of control is busted, it's going to be ugly. Just the fact that these views are being given a forum is an indication of what were once fringe views becoming more mainstream. It's not going to be pretty.

Musical chairs :spew

Wow, I just notice those new smilies!

[dpetty]

Well Washington Mutual is on the brink of crashing, their shares are bearly $10 a share and falling, Regions is in trouble too......most all of them are.

[sunshine2777]

Can someone help me understand this more? What happens if one of those banks fails? IE, the stocks drop completely? We use regions. Would we still be able to get to our money? Or is that when a "run on the banks start'?I wish I understood this stuff more. Thanks!

[BeNotAfraid]

Can someone help me understand this more? What happens if one of those banks fails? IE, the stocks drop completely? We use regions. Would we still be able to get to our money? Or is that when a "run on the banks start'?I wish I understood this stuff more. Thanks!

In veeeeryy basic terms, people aren't expecting the Fed to "let" another investment bank fail. When it happens, it will likely cause a selling panic as everyone tries to jump ship and get what $ they can before everyone else does. Then folks at home hear this on the news and panic...they call their brokers to get their $$ out, freak out about their 401Ks/IRAs, run on their banks to withdraw money from checking and savings...