Largest U.S. bank reports worst ever loss

[Mllcg]

Worst than that... in fact the lehman brother collapse is actually not solve.. the crisis is delayed due to US government bill out many of the bank.. so this time round.. it will be far more worst.. as bubble is even greater than Property Bubble.. in year 2008

 

You really need to watch those few clips (total 4 hr plus ) to fully understand what is going on... Not just lehman brother collapse so easilly during that time.. Long story..

 

actually, if the government did not make the controversial bail out of AIG, i think things would be worst now.

[Thaiyotakamli]

The problem is ....

 

to put it simple.. because too many people are speculating in US property market after the dot.com crisis during year 1997.. and why people can so easily speculate on property market? It is because of government policies which makes it easy for people to earn profit through speculating in property. So what happen is when people speculate on property, the 1st that sell at profit to next one.. and the next one buy at higher price.. and the next one sell to another one at even higher price.. and what happen is people keep have this mindset that Property price will rise forever and will never drop.. and many people don't care as long as they earn profit few years later when they sell property and make $. To make things worst, banks in US that supposing should not have AAA rating end up become AAA rating as because of many things that happen underground.. and give people false impression that bank is still safe.. and thus nobody care.. and nobody will thought bank will collapse.. as like a saying " How can bank collapse, that's impossible".

 

This mindset put market at risk as when too many people speculate on property and when too many people actually do not have $ to pay back the loan and bank has no choice because the bank loan out too much $ and not enough $ for circulation and thus raise interest rate.. and what happen is when interest rate rise.. even more people cannot pay off the property.. and because of the number is too big.. and bank just do not have enough cash flow.. and thus collapse ( simple term )

oh i see, thanks bro for the great info

[Yewheng]

oh i see, thanks bro for the great info

 

This is only simple term.. not really true reflection of what really happen in US during that time.. if you want to fully understand what is happening during that period of time.. I am afraid.. you need to watch those few clips fully that I posted on this topic..(as too long to type full detail here).. although total clip combine is 4 hours plus.. it also can help people understand how economy function.. not just US.. I mean how the world function of few things that is mention by Peter Schiff.. the world does not function because of printing $.. but something else..

Edited July 20, 2011 by Yewheng

[Porker]

What will happen to crude oil prices if US currency really collapse?

 

Price will increase

[Thaiyotakamli]

This is only simple term.. not really true reflection of what really happen in US during that time.. if you want to fully understand what is going.. I am afraid.. you need to watch those few clips fully that I posted on this topic.. although total clip combine is 4 hours plus.. it also can help people understand how economy function.. not just US.. I mean how the whole world function of few things that is mention by Peter Schiff.. the world does not function because of printing $.. but something else..

okay, on weekend would find some time to watch it

[Acieed]

I guess what he would have missed out was most people who are already invested in the bubble are already in deep sh*t and will not bail out, until it really hits the fan. This is just human instinct that applies even to presidents.

 

Our ex-MM actually once said in an interview, that the only solution for a recession is to bite the bullet, and tell the people they will be in recession for a few years. But he will not say that to Singaporeans, his son won't either and Obama will not say that to the Americans. So the party goes on until ....

Edited July 20, 2011 by Acieed

[Yewheng]

I guess what he would have missed out was most people who are already invested in the bubble are already in deep sh*t and will not bail out, until it really hits the fan. This is just human instinct that applies even to presidents.

 

Our ex-MM actually once said in an interview, that the only solution for a recession is to bite the bullet, and tell the people they will be in recession for a few years. But he will not say that to Singaporeans, his son won't either and Obama will not say that to the Americans. So the party goes on until ....

 

Ya true.. anyway I also had emailed these few video clip to PM, all WP MP, GCT.. etc.. and highlight some pointers that can be taken out from Peter Schiff and make sure this kind of things will not happen to Singapore.. As from what I see.. just look at bank in Singapore.. Crazy.. keep call people to apply for credit card.. I mean didn't bank realize how year 2008 crisis happen?

 

With low interest rate.. and high loan to debt ratio.. plus high credit card debt in bank.. and bank still want more people to spend $ ? What happen if bank has not enough $ in bank for circulation? So I highlighted that bank should do now is not to keep thinking of how to let people spend $.. but to encourage more people to save $ in bank.. as when more $ is save.. bank will have more $ for circulation.. instead.. of keep loan out $.. and worst when interest rate is low.. which is unsustainable , there will be a point of time.. bank will have no choice but to rise interest rate.. and that's when.. ( I very scared Singapore may follow US footstep.. bar the printing $ part.. as Singapore will never do that )

Edited July 20, 2011 by Yewheng

[Sabbie]

Ya true.. anyway I also had emailed these few video clip to PM, all WP MP, GCT.. etc.. and highlight some pointers that can be taken out from Peter Schiff and make sure this kind of things will not happen to Singapore.. As from what I see.. just look at bank in Singapore.. Crazy.. keep call people to apply for credit card.. I mean didn't bank realize how year 2008 crisis happen?

 

With low interest rate.. and high loan to debt ratio.. plus high credit card debt in bank.. and bank still want more people to spend $ ? What happen if bank has not enough $ in bank for circulation? So I highlighted that bank should do now is not to keep thinking of how to let people spend $.. but to encourage more people to save $ in bank.. as when more $ is save.. bank will have more $ for circulation.. instead.. of keep loan out $.. and worst when interest rate is low.. which is unsustainable , there will be a point of time.. bank will have no choice but to rise interest rate.. and that's when.. ( I very scared Singapore may follow US footstep.. bar the printing $ part.. as Singapore will never do that )

 

don't worry, singapore banks are amongst the world's safest banks as surveyed by bloomberg....exceed even basel 3 guidelines

[Apvman]

Erm.. depends on the world.. if the collapse is because of US raise interest rate.. than it will be quite jia lat.. but if let's say China soon realize that US cannot pay back the $ that China put in US treasury Bond.. the effect will not be so devastating.. ( although the effect can still be felt very greatly.. )

 

You guys need to watch these few clips I posted by Peter Schiff talks (fully) than will understand how economy function..

 

Well all put together can be 4 plus hours.. so if you guys really super free than watch la.. [laugh]

 

dont worry... US will come out with some crappy excuses to go into war with some middle east countries again, bomb their asses, seize their oils as what they did to iraq and feed themselves fat before coming out to proclaim that they are the f--king Heros as usual

[Yewheng]

don't worry, singapore banks are amongst the world's safest banks as surveyed by bloomberg....exceed even basel 3 guidelines

 

Do you guys can Trust all these rating? I mean before the property bubble burst US economist also say don't worry nothing serious will happen.. And you see those rating can manipulate to make it look good where in fact it is not..

 

If lets say bank so sound.. Than why does bank still keep call and call and ask people to apply credit card? And with low interest.. And high loan out to people who buy property... And Singapore loan to deposit ratio is 77%.. And may hit new high at 80% soon.. Than how?

Edited July 21, 2011 by Yewheng

[Sabbie]

Do you guys can Trust all these rating? I mean before the property bubble burst US economist also say don't worry nothing serious will happen.. And you see those rating can manipulate to make it look good where in fact it is not..

 

If lets say bank so sound.. Than why does bank still keep call and call and ask people to apply credit card? And with low interest.. And high loan out to people who buy property... And Singapore loan to debt ratio is 77%.. And may hit new high at 80% soon.. Than how?

 

banks are facing pressure on net interest income so going into unsecured lending to earn more, $10000 at 24% is better than $100000 at 0.5%, Singapore banks have strong deposit base so will be generally more sound than Investment banks like Lehman and Bear Sterns. MAS is hard on SG banks and wun allow them to do reckless stuffs.

[Yewheng]

banks are facing pressure on net interest income so going into unsecured lending to earn more, $10000 at 24% is better than $100000 at 0.5%, Singapore banks have strong deposit base so will be generally more sound than Investment banks like Lehman and Bear Sterns. MAS is hard on SG banks and wun allow them to do reckless stuffs.

 

http://www.facebook.com/l.php?u=http%3A%2F...amp;h=KAQCOfWfd

 

I mean you all must really watch those few clips I posted on Peter Schiff talks and you all will understand what I mean.. When will those accesser give bad rating to make bank look bad? Those people also don't want to lose job.. On the ground everything seems ok.. But what happen underground no one will knows.. Sometimes even those top people up also do not know also.. How?

[Acieed]

How is MAS regulation harder than other countries ? Can help enlighten ? Just curious to know the changes since mini-bonds crisis, as I have been out of the country for quite a while.

 

banks are facing pressure on net interest income so going into unsecured lending to earn more, $10000 at 24% is better than $100000 at 0.5%, Singapore banks have strong deposit base so will be generally more sound than Investment banks like Lehman and Bear Sterns. MAS is hard on SG banks and wun allow them to do reckless stuffs.

 

[Sabbie]

http://www.facebook.com/l.php?u=http%3A%2F...amp;h=KAQCOfWfd

 

I mean you all must really watch those few clips I posted on Peter Schiff talks and you all will understand what I mean.. When will those accesser give bad rating to make bank look bad? Those people also don't want to lose job.. On the ground everything seems ok.. But what happen underground no one will knows.. Sometimes even those top people up also do not know also.. How?

 

well....alot of pressure on s & p, moodys and fitch not to downgrade sovereign and banks ratings....so not entirely true that accessers will not give bad ratings....I think Singapore will be generally fine....it's the US and Europe that I am worried about...and the question is what we can retail investors should do....

[Sabbie]

How is MAS regulation harder than other countries ? Can help enlighten ? Just curious to know the changes since mini-bonds crisis, as I have been out of the country for quite a while.

 

www.mas.gov.sg

 

just for example they require higher tier 1 capital ratios

[Soya]

http://www.facebook.com/l.php?u=http%3A%2F...amp;h=KAQCOfWfd

 

I mean you all must really watch those few clips I posted on Peter Schiff talks and you all will understand what I mean.. When will those accesser give bad rating to make bank look bad? Those people also don't want to lose job.. On the ground everything seems ok.. But what happen underground no one will knows.. Sometimes even those top people up also do not know also.. How?

 

 

watched the vids. what he says makes alot of common sense. as was we know, common sense ain't common and it was painful watching his detractors brush him off. guess who's having the last laff?

 

today's world economic situation is a 2nd and bigger tsunami building up momentum. and ppl still say s'pore wun be affected macam we got some magical power liddat. once china debts pile up and the $$ goes home, good luck to us.

[Acieed]

In reality, there's a lot of vested interest at play. Nobody will want to take the blame for causing a recession. The game is to shift the problem until the problem solves itself.

 

watched the vids. what he says makes alot of common sense. as was we know, common sense ain't common and it was painful watching his detractors brush him off. guess who's having the last laff?

 

today's world economic situation is a 2nd and bigger tsunami building up momentum. and ppl still say s'pore wun be affected macam we got some magical power liddat. once china debts pile up and the $$ goes home, good luck to us.

 

[Joseph22]

watched the vids. what he says makes alot of common sense. as was we know, common sense ain't common and it was painful watching his detractors brush him off. guess who's having the last laff?

 

today's world economic situation is a 2nd and bigger tsunami building up momentum. and ppl still say s'pore wun be affected macam we got some magical power liddat. once china debts pile up and the $$ goes home, good luck to us.

 

 

Actually i have this thoughts. if china close their door to the world again. will the situation improve??

 

as all major company have no choice but to start manufacturing their stuff in other and their own country.