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92 HIGH POINT FINANCIAL CORP Stock 11500 Sh NEW JERSEY
92 HIGH POINT FINANCIAL CORP Stock 11500 Sh NEW JERSEY
Paypal   US $7.99
CNA Financial Corp 1975 $1000 Debenture Crisp Olive
CNA Financial Corp 1975 $1000 Debenture Crisp Olive
Paypal   US $6.49
Chrysler Financial Corp Stock Bond Certificate
Chrysler Financial Corp Stock Bond Certificate
Paypal   US $34.95
Specimen Stock Bond Certificate ITT Financial Corp
Specimen Stock Bond Certificate ITT Financial Corp
Paypal   US $19.99
LFC Financial Corp 1969 Stock Certificate
LFC Financial Corp 1969 Stock Certificate
Paypal   US $15.00
1974 $1000 Bond Certificate J C PENNEY Financial Corp
1974 $1000 Bond Certificate J C PENNEY Financial Corp
Paypal   US $9.99
25 Old 1975 CNA FINANCIAL Corp Stock Certificates
25 Old 1975 CNA FINANCIAL Corp Stock Certificates
Paypal   US $24.99
First Charter Financial Corp Orange 1960s
First Charter Financial Corp Orange 1960s
Paypal   US $8.99
Chrysler Financial Corp bond olive 1980s
Chrysler Financial Corp bond olive 1980s
Paypal   US $9.99
Chrysler Financial Corp bond brown 1970s
Chrysler Financial Corp bond brown 1970s
Paypal   US $8.99
Legend Financial Corp Nevada Stock Certificate
Legend Financial Corp Nevada Stock Certificate
Paypal   US $5.00
Mack Financial Corp Bond
Mack Financial Corp Bond
Paypal   US $29.95
Chrysler Financial Corp Bond Certificate9 1 2 Note
Chrysler Financial Corp Bond Certificate9 1 2 Note
Paypal   US $7.95
Chrysler Financial Corp Bond Certificate9 Note
Chrysler Financial Corp Bond Certificate9 Note
Paypal   US $7.95
First Charter Financial Corp 100 shs blue 1980
First Charter Financial Corp 100 shs blue 1980
Paypal   US $8.99
Chrysler Financial Corp Bond Certificate8 7 8 Note
Chrysler Financial Corp Bond Certificate8 7 8 Note
Paypal   US $6.95
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World Financial Meltdown?

Maybe Houston is a picture of what's happening in the world. I am talking about Houston after hurricane Ike. Just how far does our government think they can go pretending to keep things going well? How many corporations can our government bail out? At what point does our government run out of making money or do we just keep printing it until we have to change the currency or devalue it.  

Houston- World, We Have A Problem!

So, our government (it is OURS isn't it?) has just bought an 80% (actually 79.9%) in AIG.

We the taxpayers have just invested $85,000,000,000.00 in a bankrupt corporation. That was after we rescued (you and I) Fannie Mae and Freddie Mac the week before. But we decided we couldn't or didn't ant to buy Lehman Brothers. I mean after all there is a point- and we may have just reached that point.

Remember the FDIC that INSURES your funds?

The Federal Deposit Insurance Corp., whose insurance fund has slipped below the minimum target level set by Congress, could be forced to tap tax dollars through a Treasury Department loan if Washington Mutual Inc., the nation's largest thrift, or another struggling rival fails, economists and industry analysts said Tuesday.

Forget about trying to get a loan from a bank!  :-(

Eleven federally insured banks and thrifts have failed this year, including Pasadena, Calif.-based IndyMac Bank, by far the largest shut down by regulators. Additional failures of large banks or savings and loans companies seem likely, and that could overwhelm the FDIC's insurance fund, said Brian Bethune, U.S. economist at consulting firm Global Insight.

Then there's Russia!

Russian markets stopped trading for a second day after emergency funding measures by the government failed to halt the biggest stock rout since the country's debt default and currency devaluation a decade ago. The government yesterday injected $20 billion into the interbank lending market via central bank and Finance Ministry auctions in a bid to contain soaring borrowing rates as credit dried up in the wake of the Lehman Brothers Holdings Inc. bankruptcy. The one-day MosPrime overnight rate, a gauge for monitoring liquidity demand, lept 25 basis points to a record 11.08 percent today.

How LOW can this thing go? Don't ask, don't tell!

About the Author

As a spiritual-futurist, I interpret current events in light of possible macro-universal forces at play leading up to 2012, but not limited to it.

Thanks for visiting!

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