THE Citigroup Thread (merged)

Homesteader · **Posted:** Mon Nov 24, 2008 10:30 pm

It is "sink or swim" time folks. Best to recognize how the game is being played and act accordingly.

So what are you going to do?

Carlhole · **Joined:** Mon Jul 05, 2004 12:00 am **Posts:** 4160

The Real Truth behind the Citigroup Bank Nationalization

F. William Engdahl wrote:

On Friday November 21 the world came within a hair’s breadth of the most colossal financial collapse in world history according to bankers on the inside of events with whom we have contact. The trigger was the bank which only two years ago was America’s largest, Citigroup. The size of the US Government de facto nationalization of the $2 trillion banking institution is an indication of shocks yet to come in other major US and perhaps European banks thought to be ‘too big to fail.’

Quote:

It is only the beginning. The 2009 year will be one of titanic shocks and changes to the global order of a scale perhaps not experienced in the past five centuries. This is why we speak of the end of the American Century and its Dollar System.

So many people are forecasting the collapse of the dollar, the London oddsmakers of the world MUST have an opinion. Where do you go to find out what the odds are?

Novus · **Joined:** Tue Jun 21, 2005 12:00 am **Posts:** 2082

This crisis is on the scale of the fall of the Roman Empire. It is just not the dollar that is in trouble. It is the whole world that is in trouble. Not even gold is safe. The entire international banking system is facing an extinction level event. Everyone tied to this system including: the US government, various European governments, the Japanese government, and China have all tried to bail out this dying system. They will now go down with the ship into the abyss.

Ayame · **Joined:** Thu Jun 29, 2006 12:00 am **Posts:** 635

It's now also trickling down into the retail sector.

Woolworths, a well known long-established retailer (approx 100 years trading) in the UK has now just today gone into administration with 30000 jobs hanging on the line. MFI, the UK's biggist furniture retailer has also just gone administration with 1000 jobs on the line.

I am just sitting here wondering who will be next.

Sixstrings · **Joined:** Tue Jul 08, 2008 12:00 am **Posts:** 1989

Quote:

This crisis is on the scale of the fall of the Roman Empire.

Well, if our fall is like the Romans I suppose we should all chill out and relax. Took them hundreds of years to finally tank.

Anyway, very good article Carlhole, thanks for posting. And as for Woolworths, I'm not surprised. They went belly up here in the States years ago. I missed eating at the lunch counter when I was a kid. Food wasn't so great, just kind of neat having a soda counter in a store. These day's we're all herded into central planning food courts.

ReverseEngineer · **Joined:** Wed Jul 16, 2008 12:00 am **Posts:** 3515

Sixstrings wrote:

Quote:

This crisis is on the scale of the fall of the Roman Empire.

Well, if our fall is like the Romans I suppose we should all chill out and relax. Took them hundreds of years to finally tank.

The Romans had to work it out on Paper. We have Computers. What took them 100 years we can accomplish in 100 nanoseconds.

To Err is Human, to REALLY fcuk up takes a Computer.

Reverse Engineer

Zardoz · **Posted:** Wed Nov 26, 2008 3:45 pm

Quote:

The scale of the hidden losses of perhaps the twenty largest major US banks are so enormous that if not before, the first Presidential decree of President Barack Obama will likely have to be declaration of a US ‘Bank Holiday’ and the full nationalization of the major banks, taking on the toxic assets and losses until the economy can again function with credit flowing to industry once more.

It's way, way worse than we think it is, isn't it?

angrybill · **Joined:** Thu Nov 27, 2008 1:00 am **Posts:** 81

I see Citi group as a strong survivor through the turmoil of the once financial melt down. The market bottom for Dow and Nasdaq has already happened. There won't be anymore new lows.

cipi604 · **Posted:** Fri Nov 28, 2008 12:21 pm

Because you said so!

Dow will bottom at 1-2000 at the curent value of gold in the end of 2009, 2010 spring.

Try to listen to Peter Schiff and Max Keizer to get a dose of reality.

Arsenal · **Joined:** Tue Mar 18, 2008 12:00 am **Posts:** 896

I don't think we have seen the low yet but everyone has an opinion and no one can see into the future.

Ludi · **Posted:** Fri Nov 28, 2008 2:10 pm

The poor poor Citi executives are not getting bonuses this Christmas nor are they getting raises.

Poor things.

lateStarter · **Posted:** Fri Nov 28, 2008 2:19 pm

Ludi wrote:

The poor poor Citi executives are not getting bonuses this Christmas nor are they getting raises.

Poor things.

Same with the USB dudes! I'm sure they are suffering terribly... On the other hand, beats having 'head on a pike'.

angrybill · **Joined:** Thu Nov 27, 2008 1:00 am **Posts:** 81

There seems a great disparity between what companies are government targets for rescue packages. Saving companies that our government has contracts and vested interests seems to be the pattern. Anyone else know of companies the government has large contracts with?

the48thronin · **Posted:** Fri Nov 28, 2008 3:54 pm

angrybill wrote:

There seems a great disparity between what companies are government targets for rescue packages. Saving companies that our government has contracts and vested interests seems to be the pattern. Anyone else know of companies the government has large contracts with?

even better is companies with "black" connections LOL
AIG furnished information wholesale to ...XXX agency

Here is one you might not think of. Cant say it is true even, but consider....

Sirius/XM radio trading in the 50 cents region that was at $35.

Do you really think those great big geostationary satellites are up there just to rebroadcast 200 channels of radio? Ever heard of triangulation How about inbound missile and aircraft ( including cruise missile) recognition and interception.. Maybe even a little war on drugs smuggler interception for a side show?

Their problem will become apparent in Fed 09 when they have a huge debt that will need to be renegotiated. And we will know after Feb if the Govt is gonna bail them out if necessary to continue the cover role they play.

angrybill · **Joined:** Thu Nov 27, 2008 1:00 am **Posts:** 81

the48thronin wrote:

even better is companies with "black" connections LOL
AIG furnished information wholesale to ...XXX agency

What kind of contract does AIG have with the government?

the48thronin wrote:

Here is one you might not think of. Cant say it is true even, but consider....
Sirius/XM radio trading in the 50 cents region that was at $35.
Do you really think those great big geostationary satellites are up there just to rebroadcast 200 channels of radio? Ever heard of triangulation How about inbound missile and aircraft ( including cruise missile) recognition and interception.. Maybe even a little war on drugs smuggler interception for a side show?

I don't know of anything that would support that info on Sirius and the military piggybacking on them. I think government frequencies are seperate all together from commerical applications so, unless you have evidence I have to dismiss, but I'm open to further reading if you have a link.

BTW - Here's a short story to justify my statement about Citi group and the governments interests. This 10 year contract went into effect Nov1 2008, so this month.
http://www.washingtonpost.com/wp-dyn/co ... 17_pf.html

THE Citigroup Thread (merged)

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