NOTE!!! There is PROBLEM with this book. The second half of the book is complete BULLSHIT - the author begins to advocate BORROWING and using loans. Ignore this second part. I would hope most of you would have the brains [moran] to figure that out, but still.
BEANIE-CAP for BEANIE-BRAINS
Monday, March 9, 2009
Letter from Joe
"nemesis prediction might becoming true. word on the street obama is in a secret meeting to deal with bank failures. bank will be nationalize. during this period, credit will be frozen.
-- Joe"
The more likely scenario to set this financial crisis off is the classic "calling in of all loans" scenario.
Most people don't realize that whenever you take out a loan the bank can call back or DEMAND that you pay them the FULL AMOUNT (ie prinicpal) at ANYTIME. The supposed logic behind this is that since you have the money, you should be able to give it back OR sell whatever you bought with the money and repay the loan. For instance if a bank lends you $100 and you buy a new TV, you should be able to sell that TV for $100 if the banks then demand their money back. Anyway the important thing to remember is that ALWAYS in the fine print of a loan, there is a clause that states that the bank can demand repayment in full at ANYTIME.
This is exactly what bought on the great depression/stock market crash. The banks simply 'called in the loans' or said "pay us back our money we lent you". But the herds of sheep SPENT all their borrowed money on stocks. Ok, you say, what's the big deal, just sell the stock for what you paid for it and you'll instantly have the money to repay the banks... BUT - what happens when everyone suddenly starts SELLING (dumping) in a certain market? THE PRICE PLUMMETS!!! This is what happened:
- The sheep borrowed $100 from a bank
- The sheep bought $100 worth of stock
- The bank called in all loans
- The sheep went to sell his stock to get his $100 back
- Since EVERY OTHER SHEEP was SELLING as well the stock price crashed! ..Now he could only get $5 back from his sales.
That's the game.
That's hwo calling in a loan works. And that may very well happen SOON. The masses already know the economy is in trouble, and the BANKS are in trouble. What better way to avoid a bank falure (in the eyes of the masses) than to CALL IN ALL LOANS to keep the banks from failing. Suddenly Joe Yuppie will need to pay back his $300k house note! Since he already SPENT his borrowed $300k on a house, he will be forced to sell it in an effort to get the meney back. But since EVERYONE ELSE IN THE COUNTRY will be selling their house also, it will create a massive FLOOD on the market which will guarantee the price CRASHES!
Again, this was explained in the LIFEKILL series: Imagine if it RAINED GOLD TOMMOROW - gold would suddenly be WORTHLESS! A market flooded with desperate house sellers would likewise make houses worthless too. This is HISTORY, this is what happened in 1929 and this is what's likely to happen this year. In fact there have already been hints towards this...
For instance credit is no longer being offered to "businesses" (I put business in quoty marks because if you borrow to start your business you don't have a business, you have a DEBT!) ... anyway businesses are no longer being extended credit. This creates the idea that banks NEED money badly. How can banks get money if the need it so badly? Well they would do like ANYONE who is OWED MONEY... THEY WILL COLLECT!!!
You see fools, everything is being set up to where the "unthinkable" (or unprecedented as Obama puts it) has to happen: ROCKY has to collect from Del Rio! Mr. Gazzo wants his money back -- NOW!
What MORANS like Mr. Money masters never tell you is that the crash of 1929 was made possible ONLY by banks doing what their borrowers AGREED TO: That at ANYTIME THE BANKS COULD CALL IN THEIR LOANS!!! Oh yes fools - Zeitgeist FORGOT to mention that didn't they!
Mr. Gazzo (Right) is the LOAN SHARK. Rocky (Left, morans) is the "LEG BREAKER" or BILL COLLECTOR or REPO-MAN... and Mr. Yuppie McMansion is gonna be the masses of sheeple forces to sell at a discount in a few weeks....
You see there must be a PRETEXT for drastic action (calling in loans) and that pretext is simply that everyone might go broke if the banks fail, UNLESS the borrowers pay what is owed... seemingly to replenish the banks reserves and allow money for lending again...
Its simple bitches:
The banks have no money to lend people
The banks DEMAND that money owed to them be repaid immediately
Now the banks can lend again
Whatever the outcome, you can be certain that that CRAZY NEMESIS talk about how BORROWING is what screw the sheep, will be proven LITERALLY right before your eyes.
Debt is also called LEVERAGE... the sheep think they have the leverage (DUM DA DUM, DUM!) when they borrow (look at me! I gotta $300K house ALL by using BANK LEVERAGE!! IM SO SMART) LOL!!! FAIL!!! watch what happens! No FOOLS, they call it LEVEREAGE because the BANK has it - fool.
SO watch and enjoy as the "difficult decision" is to call in all debt in an effort to replinish banks with the money they need to lend again (irony).
-- Joe"
The more likely scenario to set this financial crisis off is the classic "calling in of all loans" scenario.
Most people don't realize that whenever you take out a loan the bank can call back or DEMAND that you pay them the FULL AMOUNT (ie prinicpal) at ANYTIME. The supposed logic behind this is that since you have the money, you should be able to give it back OR sell whatever you bought with the money and repay the loan. For instance if a bank lends you $100 and you buy a new TV, you should be able to sell that TV for $100 if the banks then demand their money back. Anyway the important thing to remember is that ALWAYS in the fine print of a loan, there is a clause that states that the bank can demand repayment in full at ANYTIME.
This is exactly what bought on the great depression/stock market crash. The banks simply 'called in the loans' or said "pay us back our money we lent you". But the herds of sheep SPENT all their borrowed money on stocks. Ok, you say, what's the big deal, just sell the stock for what you paid for it and you'll instantly have the money to repay the banks... BUT - what happens when everyone suddenly starts SELLING (dumping) in a certain market? THE PRICE PLUMMETS!!! This is what happened:
- The sheep borrowed $100 from a bank
- The sheep bought $100 worth of stock
- The bank called in all loans
- The sheep went to sell his stock to get his $100 back
- Since EVERY OTHER SHEEP was SELLING as well the stock price crashed! ..Now he could only get $5 back from his sales.
That's the game.
That's hwo calling in a loan works. And that may very well happen SOON. The masses already know the economy is in trouble, and the BANKS are in trouble. What better way to avoid a bank falure (in the eyes of the masses) than to CALL IN ALL LOANS to keep the banks from failing. Suddenly Joe Yuppie will need to pay back his $300k house note! Since he already SPENT his borrowed $300k on a house, he will be forced to sell it in an effort to get the meney back. But since EVERYONE ELSE IN THE COUNTRY will be selling their house also, it will create a massive FLOOD on the market which will guarantee the price CRASHES!
Again, this was explained in the LIFEKILL series: Imagine if it RAINED GOLD TOMMOROW - gold would suddenly be WORTHLESS! A market flooded with desperate house sellers would likewise make houses worthless too. This is HISTORY, this is what happened in 1929 and this is what's likely to happen this year. In fact there have already been hints towards this...
For instance credit is no longer being offered to "businesses" (I put business in quoty marks because if you borrow to start your business you don't have a business, you have a DEBT!) ... anyway businesses are no longer being extended credit. This creates the idea that banks NEED money badly. How can banks get money if the need it so badly? Well they would do like ANYONE who is OWED MONEY... THEY WILL COLLECT!!!
You see fools, everything is being set up to where the "unthinkable" (or unprecedented as Obama puts it) has to happen: ROCKY has to collect from Del Rio! Mr. Gazzo wants his money back -- NOW!
What MORANS like Mr. Money masters never tell you is that the crash of 1929 was made possible ONLY by banks doing what their borrowers AGREED TO: That at ANYTIME THE BANKS COULD CALL IN THEIR LOANS!!! Oh yes fools - Zeitgeist FORGOT to mention that didn't they!
Mr. Gazzo (Right) is the LOAN SHARK. Rocky (Left, morans) is the "LEG BREAKER" or BILL COLLECTOR or REPO-MAN... and Mr. Yuppie McMansion is gonna be the masses of sheeple forces to sell at a discount in a few weeks....
You see there must be a PRETEXT for drastic action (calling in loans) and that pretext is simply that everyone might go broke if the banks fail, UNLESS the borrowers pay what is owed... seemingly to replenish the banks reserves and allow money for lending again...
Its simple bitches:
The banks have no money to lend people
The banks DEMAND that money owed to them be repaid immediately
Now the banks can lend again
Whatever the outcome, you can be certain that that CRAZY NEMESIS talk about how BORROWING is what screw the sheep, will be proven LITERALLY right before your eyes.
Debt is also called LEVERAGE... the sheep think they have the leverage (DUM DA DUM, DUM!) when they borrow (look at me! I gotta $300K house ALL by using BANK LEVERAGE!! IM SO SMART) LOL!!! FAIL!!! watch what happens! No FOOLS, they call it LEVEREAGE because the BANK has it - fool.
SO watch and enjoy as the "difficult decision" is to call in all debt in an effort to replinish banks with the money they need to lend again (irony).
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