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Today is the 29 September, tomorrow a lot of bank notes become due. Why do you think Paulson was looking so desperate on Sunday night? Why do you think today's Congress decision was so important? If you think today's markets were bad, wait until tomorrow.
your in canada. Why do you care?
You really haven't a clue? :rolleyes:
Tomorrow will be massive margin calls, and sweetsallyreceptionist will want her 401K stocks changed to bonds. In two weeks everyone will get their 401K quarterly statement down 21% and have a cow. Down 32% year over year. Hedge funds will start falling like Banks. I think a year ago the the Dow was about 14,450 could be 7,225 by New Years, or Columbus Day.
Quote:
Originally Posted by BraggSurvivor
Just messing with you. chill out
Oh come on Bragg, why would a nation 30 million strong sitting on the biggest stockpile of every natural resource available of the face of the earth, with an economy that has been so diddled by various govt's over the decades that it only wants to smile and smoke a cigarette....why would that nation think that the actions of the little old US of A have any influence or effect on us?:D :D :D
Market up 375 points....
Market up now 478...
Market closed up 484.
Do any of these predictions come with a money back guarantee?
Ah, I'm glad you brought money up.
What the government should do, (and NOBODY is prepared to even hint at this in the popular media) is to take over from the central banks the practice of issuing new money at interest. The US government should print enough money itself to pay out it's national debt to stop the 'interest on interest' trap. (They actually do have the constitutional power to do this, and it has been done before - by Abraham Lincoln). Then it could redirect the interest savings into restoring the REAL economy (ie. the provision of goods and services within the community) instead of moving the wealth of the poor and middle class into the hands of the obscenely wealthy (via taxes to pay the interest).
What the US and other governments are doing is simply adding to the national debt - YOUR debt - to save the bacon of people who stand to lose their fortunes because they got just a bit too greedy.
Anyone who knows anything about the monetary system, and is honest, will tell you that the principle of treating money as a comodity with real value in and of itself is a con. Money does not and never did have any value in itself. It is, in it's basic form, simply a contract - that so and so will deliver goods and services of a particular 'value' to whoever bears the contract. (A bit like a gift voucher for a department store). The dollar notes in your wallet are only worth the value of the actual paper in and of themselves. What makes a $100 note worth more than a $1 note is the promise of the recipient to deliver more goods and services to you on presentation of the $100 than on the $1. For someone else to force you to pay interest on this transaction who is not a provider of REAL goods or services is legalized theft. Making money purely on money is a perverse sin that encourages greed and corruption. God banned it in Israel at ancient times, and for good reason.
The governments of the world should kick out the central banks and their corrupt buddies and take over the issuance of money and ban any financial activity that revolves around making money on nothing but the act of that money changing hands.
But they won't. So this stupid pretend game of 'massive bailouts', 'unprecedented interventions' etc. etc. are just a game, and a smokescreen.
Here's an analogy: When you go to a fair and pay for a ride on a ferris wheel, you know that it is just an amusement. You know in advance that you will end up at exactly the same spot but it will cost you some money. You agree on that deal, because you get some ammusement in the process.
But if someone put up a sign on the ferris wheel saying 'fairground transport system' you would laugh. You know that you will end up at the same spot, so it isn't really a 'transport system' at all.
The thing is that the economic principles that apply in our world today con us exactly the same way. We all pay the banks and other parasites for the priviledge of going nowhere. The only difference is that there is no ammusement either.
That is why I am telling you that the looming massive collapse is coming no matter what the government tries to come up with. Unless they kill the 'devourer' in our economy - the Big Banks and their hangers-on - we will all end up paying. All of us are in for a massive drop in our material wealth and living standards to pay for the obscenely wealthy to get much much wealthier.
GWB knows exactly what he's doing. He's just acting out the part of President, and he knows it. The US hasn't been governed by it's 'government' for many years.
So no, there is no money back guarantee, sorry. :(
Look, I am not 'anti-US' as such. In fact until about 6 years ago I would defend the US when faced with critics. But I decided to start to study history and particularly US history. What I discovered caused me to change my overall attitude to the US. But it's not the people, it's the absolute debacle of a government that Bush and Co. represent. I have no doubt that these guys are doing more harm to the US than any outside enemy could.Quote:
Originally Posted by ryaninmichigan
I believe that the US population - and the world - is going to pay a high price for what they are letting these guys get away with. Unfortunately my country will pay a price also.
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I agree with you bragg, but This is Political
Well, your crystal ball was wrong. 777 down then almost 500 points up, maybe you need to change the batteries. :rolleyes: Bet you're glad you didn't short the Dow... :DQuote:
Originally Posted by BraggSurvivor
It comes down to the wall street crooks threatening the congress.
Basically it says, bail me out or see me drop the market in hundreds of point daily which they did and are doing today!
While to me this is a good buying opportunity for more precious metals and ammunition!
My predictions are right on target, hold on to you shorts there GW. :rolleyes:
Hey,I checked the date on this thread and,oops it's expired........:p
****YAWN***** Just for the heck of it, let's check the predictions...nope, that didn't happen. Nope, that one didn't either. I still have my house, my money is in the bank, my stocks are still there and I don't have hair growing in my palm. All is well. Think I'll take a nap. ZZZZZzzzzzzzzz.
***Yawn*** I hope your money in the bank will still be there..... as the market crumbles, I can see a universal shut-down of the banking system, including access to checking accounts, savings accounts and credit cards. Reliable word has it that BofA bank branches received a shipment of signs last week, reading "WE'RE SORRY, BUT DUE TO CIRCUMSTANCES BEYOND OUR CONTROL, WE CANNOT BE OPEN AT THIS TIME." A little bank holiday to shore up there positions?
Well YOU leave your cash in the bank and hope I am hallucinating - and I'LL keep cash and PM's in the house just in case ' OK? :D
Of another thing Rick, just stock up on Alpo. $1 is actually $7 in dog money.
You'll be fine. :p
Because when the US economy sneezes, the rest of the world gets a cold.Quote:
Originally Posted by ryaninmichigan
That means the rest of the world overreacts trying to take cover from economic fallout the US created. Remember in the 1990's when Japan had the 10 year recession? No cared, we didn't even feel it here in the US. I couldn't even tell, Japanese goods (like electronics) were not a real good price, either.
Checking watch. The US economy has been crumbling for over 200 years...depending on who you talk to. Over a year just on this forum.
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