Archive for the ‘money markets’ Category
Alex Jones Tv 5/5: Alex Takes Calls on Bank Holiday
February 25th, 2010 | 
Author: 
Update: Citigroup Says Feds Ordered 7 Day Restriction On Bank Withdrawals
Announcement stokes fears of old fashioned bank runs if economy takes a turn for the worse
Paul Joseph Watson
Prison Planet.com
Monday, February 22, 2010
A new advisory being sent by Americas third largest bank to its account holders has stoked fears that major financial institutions could be preparing for old fashioned bank runs if the economy takes a turn for the worse.
Originally reported by John Carney over at the Business Insider website, Citigroup is sending the following information to customers along with their bank statements.
Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.
An almost identical advisory to the one being sent out can be read on page 22 of Citbanks Client Manual effective January 1, 2010, which can be read here from Citibanks own website.
We reserve the right to require seven (7) days advance notice before permitting a withdrawal from all checking, savings and money market accounts. We currently do not exercise this right and have not exercised it in the past, states the manual.
According to the Future of Capitalism blog, Citigroup originally claimed that the warning was only sent nationwide as a result of a mistake, but that the measures do apply to account holders in Texas.
However, in a statement, Citigroup confirmed that they had reserved the right to impose the new 7 day rule on all account holders nationwide, but claimed they had no plans to enforce it. The bank stated that they had been forced to enact the new policy as a result of federal regulations.
When Citibank moved to unlimited FDIC coverage in 2009, we had to reclassify many checking accounts to allow for immediate withdrawals in order to ensure all customers qualified for the additional coverage. When we moved back to standard FDIC coverage with most major banks in 2010, Citibank decided to reclassify those accounts back to make them eligible again for promotional incentives. To do so, Federal Reserve Reg D requires these accounts, called NOW accounts, to reserve the right to require a 7-day notice of withdrawal. We recently communicated this technical requirement to our customers. However, we have never exercised this right and have no plans to do so in the future, reads a statement released by the bank.
Over the last 18 months, numerous rumors of bank runs, bank holidays, and limitations on access to cash at ATMs have been floating around. Citigroups new policy to restrict withdrawals wont do anything to calm such fears.
As we reported back in 2008, the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000, only has about $50 billion to insure about $1 trillion in assets across the nations financial institutions.
This revelation prompted fears that an accelerating amount of bank closures could absorb FDIC funds and leave holders of money market and traditional savings accounts exposed.
http://www.prisonplanet.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals.html
Duration : 0:6:24
Alex Jones Tv 2/5: Alex Takes Calls on Bank Holiday
Update: Citigroup Says Feds Ordered 7 Day Restriction On Bank Withdrawals
Announcement stokes fears of old fashioned bank runs if economy takes a turn for the worse
Paul Joseph Watson
Prison Planet.com
Monday, February 22, 2010
A new advisory being sent by Americas third largest bank to its account holders has stoked fears that major financial institutions could be preparing for old fashioned bank runs if the economy takes a turn for the worse.
Originally reported by John Carney over at the Business Insider website, Citigroup is sending the following information to customers along with their bank statements.
Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.
An almost identical advisory to the one being sent out can be read on page 22 of Citbanks Client Manual effective January 1, 2010, which can be read here from Citibanks own website.
We reserve the right to require seven (7) days advance notice before permitting a withdrawal from all checking, savings and money market accounts. We currently do not exercise this right and have not exercised it in the past, states the manual.
According to the Future of Capitalism blog, Citigroup originally claimed that the warning was only sent nationwide as a result of a mistake, but that the measures do apply to account holders in Texas.
However, in a statement, Citigroup confirmed that they had reserved the right to impose the new 7 day rule on all account holders nationwide, but claimed they had no plans to enforce it. The bank stated that they had been forced to enact the new policy as a result of federal regulations.
When Citibank moved to unlimited FDIC coverage in 2009, we had to reclassify many checking accounts to allow for immediate withdrawals in order to ensure all customers qualified for the additional coverage. When we moved back to standard FDIC coverage with most major banks in 2010, Citibank decided to reclassify those accounts back to make them eligible again for promotional incentives. To do so, Federal Reserve Reg D requires these accounts, called NOW accounts, to reserve the right to require a 7-day notice of withdrawal. We recently communicated this technical requirement to our customers. However, we have never exercised this right and have no plans to do so in the future, reads a statement released by the bank.
Over the last 18 months, numerous rumors of bank runs, bank holidays, and limitations on access to cash at ATMs have been floating around. Citigroups new policy to restrict withdrawals wont do anything to calm such fears.
As we reported back in 2008, the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000, only has about $50 billion to insure about $1 trillion in assets across the nations financial institutions.
This revelation prompted fears that an accelerating amount of bank closures could absorb FDIC funds and leave holders of money market and traditional savings accounts exposed.
http://www.prisonplanet.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals.html
Duration : 0:9:46
Where does the money go when prices collapse….
Feb 2009
Here’s a headline I believe we will be seeing more of….. “Stocks fall on grim company earnings”.
A few thoughts as to why, and maybe what to do about it……..
1. Not only is the economy continuing to slump, but the appetite for risk and speculative endeavour has been castrated. Is a P/E of 10 really still cheap…. or is it actually sinking in that it means paying ten times what a company earns in a full year just for the privilege of owning a paper stock certificate?
And if the company doesn’t pay a dividend, just how does one expect to realize those earnings? Step from behind the curtain ‘greater fool theory’, you are exposed at last as being the hidden engine behind extended bull (bubble) markets.
2. The dollar strength is killing (even unchanged) foreign earnings in dollars, subduing many of the commodity stocks over and above the economic effects. This is the opposite of what we saw when the dollar was in freefall and earnings were trumpeted as being tremendous.
3. There is less money chasing more stock – companies are issuing stock to raise cash just when vast amounts of capital are disappearing into ‘money heaven’. I have read several debates about what happens to money when stocks and assets decline, “for every buyer there is a seller”, etc. The key to understanding this, I believe, is to value paper and speculative assets at zero, which is ultimately what contribution they might be making to the money in circulation.
Take four people…. A, B, C, D. Each has $100 to create a mini-economy of $400, There is $400 in circulation.
Mr A paints a picture. Mr B likes it and pays him $100 to own it.
Mr A now has a picture – he values this picture at $100. He thinks he has $100 (‘invested’).
Mr B has $200 – his original $100, plus the $100 he received from art-enthusiast Mr A.
Messrs B & C have $100 each.
Apparent total – $500 if you include Mr A’s piece of art (stock investment, house, boat, etc) but no, there is just $400 in money and a gentleman who hopes that someone, someday, will exchange at least $100 of their dollars for his investment asset.
So, if the ‘art’ market crashes and no-one wants the picture then where does Mr A’s invested money go? What about the investment dollars he is holding in that wonderful canvas that nobody wants to buy?
The economy has collapsed, from $500 (the value including the picture as an asset) back to $400 (the fundamental value of the money and assets in the economy, as nobody now wants to speculate in art)
The $100 value of the painting never existed – it was a figment of imagination and assessment of the market. The picture is worth what someone will exchange for it. The dollars to pay come from the $400 in circulation…..unless new money is borrowed into the economy to increase it.
It takes just ONE transaction to revalue assets – all the other holders of such assets are affected even by doing nothing.
Apply that to the markets, real estate, art, cars and consumer goods and bingo – the money lost in asset values beyond their fundamental value is simply gone.
Add to that the cancelled debt (by repayment or default) which has sucked billions of dollars from the merry-go-round and it is easy to see how the amount of money chasing stocks is simply not what it was.
For sure, as the pundits assure us, there is cash waiting to reenter the market, but is it sufficient to regain old highs, or even recent rally peaks?
4. What to do (imo).
Be cautious, be patient, be independent in thought and deed. Don’t trust the opinions of experts above your own common sense, and don’t chase losses. Start again, enriched by the experience of taking a beating rather than be demoralised by it.
And, (here we go again 
)…. if in doubt, sell at least half.
5. Enjoy life. “Its just a ride” according to Bill Hicks – well worth viewing the short video of Bill’s closing speech…
6. I’m still thinking about a number 6. Maybe someone can add one.
best of luck.
Duration : 0:6:15
Posted in money markets | 
Tags: collapse, deflation, economy, fed, housing, Inflation, money, prices | 
1 Comment »
Alex Jones Tv 1/5: Alex Takes Calls on Bank Holiday
Update: Citigroup Says Feds Ordered 7 Day Restriction On Bank Withdrawals
Announcement stokes fears of old fashioned bank runs if economy takes a turn for the worse
Paul Joseph Watson
Prison Planet.com
Monday, February 22, 2010
A new advisory being sent by Americas third largest bank to its account holders has stoked fears that major financial institutions could be preparing for old fashioned bank runs if the economy takes a turn for the worse.
Originally reported by John Carney over at the Business Insider website, Citigroup is sending the following information to customers along with their bank statements.
Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.
An almost identical advisory to the one being sent out can be read on page 22 of Citbanks Client Manual effective January 1, 2010, which can be read here from Citibanks own website.
We reserve the right to require seven (7) days advance notice before permitting a withdrawal from all checking, savings and money market accounts. We currently do not exercise this right and have not exercised it in the past, states the manual.
According to the Future of Capitalism blog, Citigroup originally claimed that the warning was only sent nationwide as a result of a mistake, but that the measures do apply to account holders in Texas.
However, in a statement, Citigroup confirmed that they had reserved the right to impose the new 7 day rule on all account holders nationwide, but claimed they had no plans to enforce it. The bank stated that they had been forced to enact the new policy as a result of federal regulations.
When Citibank moved to unlimited FDIC coverage in 2009, we had to reclassify many checking accounts to allow for immediate withdrawals in order to ensure all customers qualified for the additional coverage. When we moved back to standard FDIC coverage with most major banks in 2010, Citibank decided to reclassify those accounts back to make them eligible again for promotional incentives. To do so, Federal Reserve Reg D requires these accounts, called NOW accounts, to reserve the right to require a 7-day notice of withdrawal. We recently communicated this technical requirement to our customers. However, we have never exercised this right and have no plans to do so in the future, reads a statement released by the bank.
Over the last 18 months, numerous rumors of bank runs, bank holidays, and limitations on access to cash at ATMs have been floating around. Citigroups new policy to restrict withdrawals wont do anything to calm such fears.
As we reported back in 2008, the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000, only has about $50 billion to insure about $1 trillion in assets across the nations financial institutions.
This revelation prompted fears that an accelerating amount of bank closures could absorb FDIC funds and leave holders of money market and traditional savings accounts exposed.
http://www.prisonplanet.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals.html
Duration : 0:10:19
Market Technical Analysis – Light Volume Float, Key Top, New Position Entered…Here We Go!
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the charts telling their viewers where the market will rise and fall. They talk about major rules that must be learned. Enjoy and come get their premium daily, month, weekly and intra day expert guidance on the markets, gold, oil, us$ and stocks in their premium nightly videos, daily market reports, pro trader watch list, hidden gems and technical tactics. All included in the Research Center for just $49.99/month. Best value and guidance on Wall Street by those that avoid the Wall Street hype! RealTick graphics used with permission of Townsend Analytics, Ltd. ©1986-2009 Townsend Analytics, Ltd. All Rights Reserved. RealTick is a registered trademark of Townsend Analytics, Ltd.
Duration : 0:7:58
Posted in money markets |
Tags: bonds, Cash, day trade, day traders, Education, fast money, Forex, futures, geithner, gold, hedge funds, Hot, intra day, invest, investing, Investors, jim cramer, jim rogers, madoff, mutual funds, oil, options, options trading, Sexy, stock market, Stock picks, stocks, technical analysis, Trade, Wall Street |
No Comments »
Gunnlaugsson Expects Icelandic Referendum on Icesave
Feb. 24 (Bloomberg) — Sigmundur David Gunnlaugsson, leader of Iceland’s opposition Progressive Party, talks about the outlook for negotiations over loans from the U.K. and the Netherlands to cover depositor losses from the island’s banking crisis.
He speaks with Bloomberg’s Ryan Chilcote in Reykjavik.
Duration : 0:3:29
Posted in money markets |
Tags: All, Audio, AV, banking, Bloomberg, English, Europe, Expects, Financial, Government, Gunnlaugsson, iceland, icelandic, Icesave, Interview, Interviews, loans, Markets, Media, money, Multimedia, Multimedia-Govt, Netherlands, News, Nordic, on, Politics, Referendum, Region, Reports, savings, Services, Syndicated, Video, Visual |
No Comments »
Where does the money go when prices collapse….
Feb 2009
Here’s a headline I believe we will be seeing more of….. “Stocks fall on grim company earnings”.
A few thoughts as to why, and maybe what to do about it……..
1. Not only is the economy continuing to slump, but the appetite for risk and speculative endeavour has been castrated. Is a P/E of 10 really still cheap…. or is it actually sinking in that it means paying ten times what a company earns in a full year just for the privilege of owning a paper stock certificate?
And if the company doesn’t pay a dividend, just how does one expect to realize those earnings? Step from behind the curtain ‘greater fool theory’, you are exposed at last as being the hidden engine behind extended bull (bubble) markets.
2. The dollar strength is killing (even unchanged) foreign earnings in dollars, subduing many of the commodity stocks over and above the economic effects. This is the opposite of what we saw when the dollar was in freefall and earnings were trumpeted as being tremendous.
3. There is less money chasing more stock – companies are issuing stock to raise cash just when vast amounts of capital are disappearing into ‘money heaven’. I have read several debates about what happens to money when stocks and assets decline, “for every buyer there is a seller”, etc. The key to understanding this, I believe, is to value paper and speculative assets at zero, which is ultimately what contribution they might be making to the money in circulation.
Take four people…. A, B, C, D. Each has $100 to create a mini-economy of $400, There is $400 in circulation.
Mr A paints a picture. Mr B likes it and pays him $100 to own it.
Mr A now has a picture – he values this picture at $100. He thinks he has $100 (‘invested’).
Mr B has $200 – his original $100, plus the $100 he received from art-enthusiast Mr A.
Messrs B & C have $100 each.
Apparent total – $500 if you include Mr A’s piece of art (stock investment, house, boat, etc) but no, there is just $400 in money and a gentleman who hopes that someone, someday, will exchange at least $100 of their dollars for his investment asset.
So, if the ‘art’ market crashes and no-one wants the picture then where does Mr A’s invested money go? What about the investment dollars he is holding in that wonderful canvas that nobody wants to buy?
The economy has collapsed, from $500 (the value including the picture as an asset) back to $400 (the fundamental value of the money and assets in the economy, as nobody now wants to speculate in art)
The $100 value of the painting never existed – it was a figment of imagination and assessment of the market. The picture is worth what someone will exchange for it. The dollars to pay come from the $400 in circulation…..unless new money is borrowed into the economy to increase it.
It takes just ONE transaction to revalue assets – all the other holders of such assets are affected even by doing nothing.
Apply that to the markets, real estate, art, cars and consumer goods and bingo – the money lost in asset values beyond their fundamental value is simply gone.
Add to that the cancelled debt (by repayment or default) which has sucked billions of dollars from the merry-go-round and it is easy to see how the amount of money chasing stocks is simply not what it was.
For sure, as the pundits assure us, there is cash waiting to reenter the market, but is it sufficient to regain old highs, or even recent rally peaks?
4. What to do (imo).
Be cautious, be patient, be independent in thought and deed. Don’t trust the opinions of experts above your own common sense, and don’t chase losses. Start again, enriched by the experience of taking a beating rather than be demoralised by it.
And, (here we go again )…. if in doubt, sell at least half.
5. Enjoy life. “Its just a ride” according to Bill Hicks – well worth viewing the short video of Bill’s closing speech…
6. I’m still thinking about a number 6. Maybe someone can add one.
best of luck.
Duration : 0:6:15
Alex Jones Tv: Feds Order 7 Day Restriction On Bank Withdrawlals!
Update: Citigroup Says Feds Ordered 7 Day Restriction On Bank Withdrawals
Announcement stokes fears of old fashioned bank runs if economy takes a turn for the worse
Paul Joseph Watson
Prison Planet.com
Monday, February 22, 2010
A new advisory being sent by Americas third largest bank to its account holders has stoked fears that major financial institutions could be preparing for old fashioned bank runs if the economy takes a turn for the worse.
Originally reported by John Carney over at the Business Insider website, Citigroup is sending the following information to customers along with their bank statements.
Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.
An almost identical advisory to the one being sent out can be read on page 22 of Citbanks Client Manual effective January 1, 2010, which can be read here from Citibanks own website.
We reserve the right to require seven (7) days advance notice before permitting a withdrawal from all checking, savings and money market accounts. We currently do not exercise this right and have not exercised it in the past, states the manual.
According to the Future of Capitalism blog, Citigroup originally claimed that the warning was only sent nationwide as a result of a mistake, but that the measures do apply to account holders in Texas.
However, in a statement, Citigroup confirmed that they had reserved the right to impose the new 7 day rule on all account holders nationwide, but claimed they had no plans to enforce it. The bank stated that they had been forced to enact the new policy as a result of federal regulations.
When Citibank moved to unlimited FDIC coverage in 2009, we had to reclassify many checking accounts to allow for immediate withdrawals in order to ensure all customers qualified for the additional coverage. When we moved back to standard FDIC coverage with most major banks in 2010, Citibank decided to reclassify those accounts back to make them eligible again for promotional incentives. To do so, Federal Reserve Reg D requires these accounts, called NOW accounts, to reserve the right to require a 7-day notice of withdrawal. We recently communicated this technical requirement to our customers. However, we have never exercised this right and have no plans to do so in the future, reads a statement released by the bank.
Over the last 18 months, numerous rumors of bank runs, bank holidays, and limitations on access to cash at ATMs have been floating around. Citigroups new policy to restrict withdrawals wont do anything to calm such fears.
As we reported back in 2008, the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000, only has about $50 billion to insure about $1 trillion in assets across the nations financial institutions.
This revelation prompted fears that an accelerating amount of bank closures could absorb FDIC funds and leave holders of money market and traditional savings accounts exposed.
http://www.prisonplanet.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals.html
Duration : 0:10:58
260 Best money market rates xe money. Part 1
http://www.OnlineVenture.ws
http://www.OnlineAutopilot.ws
260 Best money market rates xe money. Part 1
Please visit the following websites for a complete online business solutions, products and services:
Part 1 http://www.youtube.com/watch?v=FerNdjCp8Es
Part 2 http://www.youtube.com/watch?v=lBJKR6PHzBA
Part 3 http://www.youtube.com/watch?v=oxzIyzhKOTY
GDI http://www.OnlineSecrets.ws
NCPS http://www.no-cost-people-search.com
APS http://www.OnlineGuru.ws
Tissa Sign-up http://www.OnlineVenture.ws
Tissa PSE http://www.OnlineAutopilot.ws
Tissa PSE http://www.OnlineCorporation.ws
Duration : 0:4:53
Gold and Silver is Money – Silver Porn
Insiders sell like there’s no tomorrow
http://money.cnn.com/2009/09/10/news/economy/insider.sales/
Suspending Money Market Redemptions Is Now Legal
http://www.zerohedge.com/article/suspending-money-market-redemptions-now-legel-sec-approves-new-money-market-regulation-4-1-v
Citigroup warns it may refuse to withdraw money to customers
http://www.digitaljournal.com/article/287902
This all spells gloom and doom soon!
Buying opportunity for silver so keep some powder dry.
Duration : 0:7:3