Oct6th - Dow jones -500 / -4.60% level 9865.00

[LOCOAZ2008]

HERE WE GO!!!!

http://money.cnn.com/data/markets/

COLAPSE WILL BE TOMOROW???

[Xhaosis]

yes but the dollar is still holding his ground.


no panic yet.

[Big A]

the dow doesnt have any support till 7000, so we are going to see a free fall to 7k and prob blast right threw that

[ATYT]

up to right now, we are down -800 points since Oct 1st.

[LiquidSwordz]

I would advise everyone here to buy up all your supplies, and pull out all your money. Bank holiday is coming, with possible martial law.

[Orion Morris]

I do not think that martial law is possible because of the sheer numbers of people in America. If a total collapse happens then we would still have to employ cops, national guard, army and others to enforce the martial law. These people would be our friends and family, I know alot of friends in the army and I know for a fact that they would not hold their country at gunpoint under any circumstance. The only real possiblity for martial law would be if we were invaded by a country with the man power to do such a thing. Possibly China, but I serously doubt that it could happen in a matter of days. It is going to take longer than that to end the world, or save it, which ever way you prefer to look at it.

[LOCOAZ2008]

So, based on my conversation with Landry, here's what I expect will happen in the next day or three:

The market will rally back over 10,000 today for a while.

Then a new decline will set in which might be greater than the initial 550 point drop, which might take us under the 9700 first target that Landry has.

After that, there are some minor Fibonacci numbers on the way (e.g. 9550, 8900) but the next 'floor' is something like 7,400 on the Dow and with any kind of push/event/panic we might see that tomorrow and hit a thousand or 2,000 point down day.

Next, we'd tee up an 'emergency' rate cut because the Fed might figure that will ju8mp start banks into loaning again...but...

Then there's the CDS repricing going on and only those in Heaven know how big a money pit that will generate.

Following that, a decline to the middle of November will be in the cards, depending on the size of unraveling events, that could be 7,400 after a short intermediate rally, or it could be (forbid) Dow under 5,000.

http://www.urbansurvival.com/week.htm

[QueenOfLeon]

Hasnt the US been depLOYING 1000'S OF UN troops ready for martial law? thats what I heard somewhere!

[Xhaosis]

Not to create fear, but Marshal law is possible. As long as Leadership is strong, and their is a cause, and feeling you are doing the right thing it can occur. The crowd control weaponry http://www.armytimes.com/news/2008/09/army_homeland_090708w/ this division is learning to use, uses sound waves for crowd control. What it does is make you feel very hot, does not hurt you, but it will well make you want to do other things instead. The headline is they are back home for our protection. I hope it remains that way. As far as a bank holiday, I have not lost that much confidence in our markets. I know how to hunt and fish, I can survive off the grid. I do not believe our government will be trying to hurt its citizens. just protect us. Its just interesting what their training for.

[kaedin32x]

sure there are those people who wont turn the guns on the crowd but if they are bribed with food and safety i think its enough to change minds. thats what we gotta be looking out for. i mean just ask yourselves, would you mow the sheep down if you were promised survival and food?

personally i wouldnt because my area i live in is ripe for farming and whatnot, but for those in the cities.... i think it wont matter if you are friends or not it comes down to surviving

[LiquidSwordz]

I do not think that martial law is possible because of the sheer numbers of people in America. If a total collapse happens then we would still have to employ cops, national guard, army and others to enforce the martial law. These people would be our friends and family, I know alot of friends in the army and I know for a fact that they would not hold their country at gunpoint under any circumstance. The only real possiblity for martial law would be if we were invaded by a country with the man power to do such a thing. Possibly China, but I serously doubt that it could happen in a matter of days. It is going to take longer than that to end the world, or save it, which ever way you prefer to look at it.


Lol, your funny. Are you sure about that bro? In hurricane Katrina, soldiers were holding citizens at gunpoint with no problems. Soldiers were doing block sweeps to confiscate weapons from its own citizens! Martial law wont be declared UNTIL mass civil unrest comes in.

Imagine seeing this on the news. This just in, large number of people have been seen looting small, and big businesses all over the country in big citys. Fires spring over the citys. President Bush now has a very GOOD reason to declare martial law now.

How can your army brothers/sisters refuse to follow orders? When patrolling and arresting people in the streets keeps them in a good paying job!? Nobodys gonna be having a job when there employer has no credit to pay them!

You my friend are very INFORMED!

[stefaan]

... These people would be our friends and family, I know alot of friends in the army and I know for a fact that they would not hold their country at gunpoint under any circumstance. ...

I read somewhere (maybe here somewhere at Avalon) that Patriot Act II makes it possible to employ cops, national guard, army... from one state in another state. There is also the private soldiers Blackwater alike, doing those things for "money", commercial reasons. When it is well organized, maybe it can work for a while?

[Xhaosis]

what people should be concerned about but not alarmed, is if employers cannot pay the employee. Then you will SEE collapse. If these corps that are being traded on these imaginary $$ markets cannot rebound something like that has the slightest possibility of happening. Its just very ironic that the markets have come to this and NO one who is a ceo, or some college business grad with master's or something or in the government did not see this coming. Not a big conspiracy guru or anything but with the speed and magnitude of this market failure it does not make sense. So either they have a control on this thrill pill, and will play the pilot of the storm role, and not let it get to badly out of control. Or the people that are in these positions of leadership are more stupid then was presumed. Even if their was gain from sub prime corruption what good is that gain with a broken market? That takes that theory out of my mind. I dunno, their is not much ordinary people can do, except hope things get better and continue to take care of yourself and or your Family.

[THE eXchanger]

what percentage of people - invest in these markets ???

the top 20% of the population (must have 80% of the money in the market)

followed by the next 40% of the population,
who have money invested in bonds/pensions/and,
all that assortment of stuff
that most of us, under the age of 50--
are NEVER going to ever collect

from a "robinhood persceptive"

it's like the ultra rich raping the rich

how many of us, have our money in there anyway ???

so what, if all that falls apart

maybe, we would best be
making our toys at home (instead of importing them from china)
maybe, we would best be
buying produce, from local people
(instead of transporting it all over hells half acre,
keeping the oil/and, gas companies rich)
these guys, make billions of dollars of profit quarterly,
their customers do NOT, maybe,
we should all stay home, for 22 days,
and, NOT go to work, or, spend any money,
until they lower the prices !!!
(and, yet, so many things, we could do, we do NOT do)
we keep pumping and paying !!!
(sooner or later, the well runs dry)
when we do say, we have had enough
(do we really care, about the ultra rich, raping the rich)?

curious susan
the Exchanger

[Big A]

Not to create fear, but Marshal law is possible. As long as Leadership is strong, and their is a cause, and feeling you are doing the right thing it can occur. The crowd control weaponry http://www.armytimes.com/news/2008/09/army_homeland_090708w/ this division is learning to use, uses sound waves for crowd control. What it does is make you feel very hot, does not hurt you, but it will well make you want to do other things instead. The headline is they are back home for our protection. I hope it remains that way. As far as a bank holiday, I have not lost that much confidence in our markets. I know how to hunt and fish, I can survive off the grid. I do not believe our government will be trying to hurt its citizens. just protect us. Its just interesting what their training for.

how could you say that the gov. will not try and hurt its citizens? tell that too all the fallen heroes on 9/11

[Xhaosis]

what percentage of people - invest in these markets ???

the top 20% of the population (must have 80% of the money in the market)

followed by the next 40% of the population,
who have money invested in bonds/pensions/and,
all that assortment of stuff
that most of us, under the age of 50--
are NEVER going to ever collect

from a "robinhood persceptive"

it's like the ultra rich raping the rich

how many of us, have our money in there anyway ???

so what, if all that falls apart

maybe, we would best be
making our toys at home (instead of importing them from china)
maybe, we would best be
buying produce, from local people
(instead of transporting it all over hells half acre,
keeping the oil/and, gas companies rich)
these guys, make billions of dollars of profit quarterly,
their customers do NOT, maybe,
we should all stay home, for 22 days,
and, NOT go to work, or, spend any money,
until they lower the prices !!!
(and, yet, so many things, we could do, we do NOT do)
we keep pumping and paying !!!
(sooner or later, the well runs dry)
when we do say, we have had enough
(do we really care, about the ultra rich, raping the rich)?

curious susan
the Exchanger


once again, calamity in the World market indicates change. The source of the problem then, as it appears willing or unwilling reacting to its own instinctive nature, showing that it is masses of consumption that has brought on this crisis, In order to fix any problem you have to find the source of that problem, then you must try to figure out how to fix it. So how do you fix it? The market measures the value, how is that value determined? How is it perceived? When that value is not met what is done? Its not believed in.

[wes_whitewolf]

what percentage of people - invest in these markets ???

the top 20% of the population (must have 80% of the money in the market)

followed by the next 40% of the population,
who have money invested in bonds/pensions/and,
all that assortment of stuff
that most of us, under the age of 50--
are NEVER going to ever collect

from a "robinhood persceptive"

it's like the ultra rich raping the rich

how many of us, have our money in there anyway ???

so what, if all that falls apart

maybe, we would best be
making our toys at home (instead of importing them from china)
maybe, we would best be
buying produce, from local people
(instead of transporting it all over hells half acre,
keeping the oil/and, gas companies rich)
these guys, make billions of dollars of profit quarterly,
their customers do NOT, maybe,
we should all stay home, for 22 days,
and, NOT go to work, or, spend any money,
until they lower the prices !!!
(and, yet, so many things, we could do, we do NOT do)
we keep pumping and paying !!!
(sooner or later, the well runs dry)
when we do say, we have had enough
(do we really care, about the ultra rich, raping the rich)?

curious susan
the Exchanger

I agree. Has everyone see the Zietgeist Movie Addendum yet? The take home message is that inorder to move away from the corrupt monitary system we are currently tied to, we will have to face big challenges (walk through fire) before things get better. So yes, this is all something we really need to go through. Question is, how many of you are going to take a stand on the other side of this coming s*t-storm and not allow these same criminals to come out of their underground fortresses to start the crap all over again. Unfortunately this country and most of the world for that matter are utterly ignorant...most people still don't see this coming. So unfortunately, its going to take some really difficult times ahead to shed this ignorance. Lets just do it and get it over with!!!!:thumb_yello:

[THE PEACEFUL WARRIOR]

Also of note, sorry don't have the figures to hand:

Earlier in the day...

Japanese Markets closed at a recored low, biggest drop for 4 years.

Hong Kong closed at record low, biggest single day drop for 4 years.

UK and FTSE closed at a record low, biggest drop for blah blah blah...

Also Asia is on Bank Holiday tommorw so cannot be effective players in the game when they press the button tommorow!

It's gonna be a financial Nuclear Bomb and it's gonna roll round the markets like a Tsunami...It's sure looking like it's gonna be the Muvva of all crashes!

Word Up - PEACE OUT :yikes:

[LOCOAZ2008]

http://money.cnn.com/data/world_markets/index.html

LOOK UP TO WORLD MARKETS

Hong Kong HSCC Red Chip -242.80 -7.04% 3,207.93
Europe Euronext 100 -59.92 -8.56% 639.90
Germany TECDAX -76.73 -11.27% 604.17

AN SO!!!!

I THINK TOMOROW WILL SEE.....

[Orion Morris]

You my friend are very INFORMED!

Thanks for the hack buddy. Glad to see your on the right track. I understand that if the streets turn to chaos we would see looting and things of that sort. I also understand that it would be a serious reason to call for martial law. But explain to me how we would controll an entire country. Not just New Orleans. I live in a town of 10,000 people, and I guerntee that almost every home in the county has anywhere from 5 to 50 different guns in the house. We could barely controll Iraq. These crazy hicks will not just let their guns be taken from them. It would errupt into civil war. Our army is not going to fight it self. Our government has done to good of a job brainwashing us into protecting our country and being patriotic. Yes, I could see them patrolling and maybe trying to contain people in the cities, but out in the country and in the mountain regions it would be nearly impossible. You would have to deploy an army with twice as many solders than we currently have. The only way to manually controll a nation this big would be to bring in troops from another country. I am not saying that it couldnt happen, I just think that it is highly unlikley right now.

[Big A]

what people should be concerned about but not alarmed, is if employers cannot pay the employee. Then you will SEE collapse. If these corps that are being traded on these imaginary $$ markets cannot rebound something like that has the slightest possibility of happening. Its just very ironic that the markets have come to this and NO one who is a ceo, or some college business grad with master's or something or in the government did not see this coming. Not a big conspiracy guru or anything but with the speed and magnitude of this market failure it does not make sense. So either they have a control on this thrill pill, and will play the pilot of the storm role, and not let it get to badly out of control. Or the people that are in these positions of leadership are more stupid then was presumed. Even if their was gain from sub prime corruption what good is that gain with a broken market? That takes that theory out of my mind. I dunno, their is not much ordinary people can do, except hope things get better and continue to take care of yourself and or your Family.


people in the gold market have been warning about this for years now. just listen to a gold radio show and you will find out whats really going on out there not what cnbc is telling you. Larry kudlow will still tell you we are in a goldylox economy ...lol. or ask some one in constuction we felt the pinch coming year and a half ago and it just now getting out there on TV

[gwk0788]

I do not think that martial law is possible because of the sheer numbers of people in America. If a total collapse happens then we would still have to employ cops, national guard, army and others to enforce the martial law. These people would be our friends and family, I know alot of friends in the army and I know for a fact that they would not hold their country at gunpoint under any circumstance. The only real possiblity for martial law would be if we were invaded by a country with the man power to do such a thing. Possibly China, but I serously doubt that it could happen in a matter of days. It is going to take longer than that to end the world, or save it, which ever way you prefer to look at it.


If you don't think martial law is possible, look up NSPD 51 (National Security Presidential Directive 51). NSPD 51 basically states that when the President determines a national emergency has occurred, the President can declare to the office of the presidency powers usually assumed by dictators to direct any and all government and business activities until the emergency is declared over.

Ironically, the directive sees no contradiction in the assumption of dictatorial powers by the President with the goal of maintaining constitutional continuity through an emergency.

Now, do you think giving George W. Bush dictatorial authority over a "free" country won't cause a revolution, in turn sending us into martial law? Then you are seriously naive.

Not to mention the 3rd Infantry division will be carrying out homeland patrols in America to help with civil unrest and crowd control.

Still think martial law isn't possible?

[ctophil]

Hi folks,

Looks like the Dow is at -675 as I type this. It just took a hundred point decline in 20 minutes. It may boost past -1000 before the end of trading today. Be strong and fear nothing. The collapse will come very soon!

-Phillip

[Steve_A]

Hi Orion Morris,

Check out:

http://fear.videosift.com/video/Congress-threatened-with-Martial-Law-if-bill-is-not-passed

Best regards,

Steve


I do not think that martial law is possible....

[Rocky_Shorz]

Hi folks,

Looks like the Dow is at -675 as I type this. It just took a hundred point decline in 20 minutes. It may boost past -1000 before the end of trading today. Be strong and fear nothing. The collapse will come very soon!

-Phillip

Is anyone going to be surprised if the market ends down 777 again...

[THE eXchanger]

what created the subprime mess *
http://www.break.com/index/how-we-got-into-the-subprime-mess.html

*If you have any background in finance or economics I think you will find this video very funny. Although its a spoof on what caused the subprime crisis nothing they say is incorrect.

brightest blessings

susan
the eXchanger

[Soulmate7]

I do not think that martial law is possible because of the sheer numbers of people in America. If a total collapse happens then we would still have to employ cops, national guard, army and others to enforce the martial law. These people would be our friends and family, I know alot of friends in the army and I know for a fact that they would not hold their country at gunpoint under any circumstance. The only real possiblity for martial law would be if we were invaded by a country with the man power to do such a thing. Possibly China, but I serously doubt that it could happen in a matter of days. It is going to take longer than that to end the world, or save it, which ever way you prefer to look at it.

I'd like to react by quoting Henry Kissinger. Keep in mind the Oct7 (or thereabout) prediction:

Today, America would be outraged if UN troops entered Los Angeles to restore order. Tomorrow they will be grateful! This is especially true if they were told that there was an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all people of the world will plead to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the world government.

[Waterman]

This last week the NYSE implemented new rules.

Stop gaps for 1,000, 2,000, 3,000

That tells me they expected this to happen today.

Look for a 1,000 point drop today and then trading stopped.

Then more tomorrow.

The leading indicator for about a week was the fall of silver which leads the markets.

My take is that this will take about a week to go down, then they will invoke financial
emergency measures, that will then be the excuse for martial law.

[LOCOAZ2008]

Dow jones -723 / -7.01% and going down

i think this is the start of the colapse?, tomorrow will know......

Dolar - euro 1.34 it would be 2.30 europe is also colapsing.....

[ctophil]

Ladies and gentlemen, the markets are now down at -777 as we speak, just like last Monday! I believe it will get much lower. Stay tuned...

[RubyTuesday]

It just broke 800...

[LOCOAZ2008]

It is time for buying gold and silver, and to take out your cash from banks, we dont know what is going to happend tomorow

dow jones -788 and going down.....

[Steve_A]

Hi ctophil,

The real test will be the Asian markets overnight! They are going to plummet like a shot partridge. Then when Europe wakes up to see what's left of the wreckage, then we may, just may see a 'Bill Deagle'. :tears:

Best regards,

Steve



Ladies and gentlemen, the markets are now down at -777 as we speak, just like last Monday! I believe it will get much lower. Stay tuned...

[lucrum]

what created the subprime mess *
http://www.break.com/index/how-we-got-into-the-subprime-mess.html

*If you have any background in finance or economics I think you will find this video very funny. Although its a spoof on what caused the subprime crisis nothing they say is incorrect.

brightest blessings

susan
the eXchanger

Thank you susan, excellent video and a good laugh in this time of crisis :thumb_yello:

[RubyTuesday]

http://finance.sympatico.msn.ca/investing/news/businessnews/article.aspx?cp-documentid=10950190

[lucrum]

Hi ctophil,

The real test will be the Asian markets overnight! They are going to plummet like a shot partridge. Then when Europe wakes up to see what's left of the wreckage, then we may, just may see a 'Bill Deagle'. :tears:

Best regards,

Steve

If such a thing were to go down, what would be the motive for an event like that? Smokescreen to cover up the financial leaders packing their backpacks and fleeing with everything? I would guess some sort of gain from it would have to be in place for it to go down like that...

[THE PEACEFUL WARRIOR]

Hi ctophil,

The real test will be the Asian markets overnight! They are going to plummet like a shot partridge. Then when Europe wakes up to see what's left of the wreckage, then we may, just may see a 'Bill Deagle'. :tears:

Best regards,

Steve

Hey Steve,
Loved that 'may see a Deagle' lol that's too funny buddy.

Dunno about Japan and Singapore but the Hong Kong markets have a bank holiday tommorow, how convenient for the PTB's looks like Europe and US will have the reigns on the 7th.

UK media already reporting this as 'MELTDOWN MONDAY' as we speak.

When they write the history books maybe they will refer to this period when the markets crashed as...'THE DEAGLE DROP' haha lol.

Woooohoooo guys and gals here we jolly well go, "better buckle your seatbelts Dorothy. coz Kansas is going bye bye's"!

Best to all - Stay safe people - Gotta get wise and stay alive.

Word Up - PEACE OUT :yikes:

[Hypnotize]

if there is martial law there probably doing so in hope that it will scare americans out of rioting, because it's a fact that the american people have more guns than our entire military and that just the registered guns the unregistered guns are estimated to outnumber the registered ones 5-1 and that doenst inclued homemade bombs people probably have or will have come martial law. so unless they plan on bombing the american people they can't win a war agianst them.

[LOCOAZ2008]

Plausible Scenarios

The crisis affecting the global financial system based on parasitic speculation and usury is a terminal crisis. It can no longer be solved through purely financial and monetary mechanisms and measures. If US authorities only concentrate on this type of measure, then a truly serious collapse is imminent and unavoidable.

Plan A (i.e., addressing a relatively low intensity crisis through basically financial measures) -

Plan B (i.e., addressing a medium intensity crisis through financial and monetary measures) -

Plan C (i.e., addressing a high intensity crisis through geopolitical and miitary measures) -


If the US authorities cannot resolve the crisis with financial, monetary and economic measures, and increasing internal social violence and political insecurity were to affect the US and its key allies, then the crisis will go into geopolitical and military mode. If an extended banking holiday is forced upon the Bush administration, freezing banking accounts, deposits, ATM machines


http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1223309936

DO YOU THINK Deagle' COULD BE RIGTH?

[RaKaR]

People,

The system seems to be melting by the hour.
Yes, it might be painful and challenging; it might bring uncertainty and despair.
But this would just last for a while, one lifetime at best - and what is a single life time in front of the Eternity each of us is, carries and embodies?!
And then again, what does this 'dying' system mean to us? - is it that dear to us?
Are we part of it? Do we really want it to be and to continue to operate the way we know it does - and would?
Are we for exploitation and enslavement; for the lost of all sense of measure and righteousness?
For the silence of all Values and Principles?
For greed and indifference?
For the methodic destruction of Mother Earth?
For our total Spiritual sinking?

Certainly not.
"Let the Deads bury their Deads!"
We bear the Future. We are The Future!

One way or another, i certainly won't be mourning the death of the BEAST.

Wild Capitalism is in big trouble, so what?! - or, to speak with the words of the honorable member Steve_A:'Bill Deagle'!!!(Big deal!)

Cheer up and let's build The Future! - let's Carry the Bill!(Kerry and Bill).

RaKaR
www.futureofmankind.co.uk

[LiquidSwordz]

Hey Steve,
Loved that 'may see a Deagle' lol that's too funny buddy.

Dunno about Japan and Singapore but the Hong Kong markets have a bank holiday tommorow, how convenient for the PTB's looks like Europe and US will have the reigns on the 7th.

UK media already reporting this as 'MELTDOWN MONDAY' as we speak.

When they write the history books maybe they will refer to this period when the markets crashed as...'THE DEAGLE DROP' haha lol.

Woooohoooo guys and gals here we jolly well go, "better buckle your seatbelts Dorothy. coz Kansas is going bye bye's"!

Best to all - Stay safe people - Gotta get wise and stay alive.

Word Up - PEACE OUT :yikes:

Hey warrior, where are you getting this info that Hong Kong will be in bank holiday tommorrow? and the link to where UK says this is Meltdown monday. Send us the links ASAP!

[Rocky_Shorz]

You're right, three markets are closed including Hong Kong...

the markets aren't sinking that bad that are open, Japan is down over 3%...

Let's see what happens when Europe opens...

If the stream was changed enough, by a select few buying up dollars to strengthen the whole market, maybe this isn't going to be black Tuesday after all...:thumb_yello:

[LOCOAZ2008]

HERE WE GO AGAIN!!!!

DOW JONES -224.53 / -2.26 LEVEL 9730.97

http://money.cnn.com/data/markets/

AND GOING DOWN!!!!

[Orion Morris]

quit freakin out everybody... its only a four year low... things were way worse inthe eighties... way...way worse!!!

its at about -200 right now.. even if it does crash to 7000 it is still not as bad as we have seen in the past and humanity is still alive..

[LOCOAZ2008]

Fed Enters Off Balance Sheet Credit Default Market

Today the Fed entered the off balance sheet credit default market and plans to buy unsecured debt instruments in order to cure the problems caused by off balance sheet credit default derivative buying in the form of non-performing failed counterparty credit default derivatives. This appropriately named toxic paper will be purchased to an infinite degree.

The Fed does the same to cure the same.

The Fed actions today declare the bailout bill a non-functioning pile of pork. This infinite production of paper dollars will kill the dollar

Gold will trade at or above $1650.

The Dow is thumbing its nose at the infinite amount of money being dropped by rising 150 points and coming back to even.

Modern day Weimar here we come!

http://jsmineset.com/

[SkyWatcher]

Yes, what good does it do to get all uptight. The market went down yesterday, and rebounded up. The market climbs up and down on the best of days. During this time of market instability it may make steeper climbs and dips, but the roller coaster ride is still running. When it stops, then it's time to get off. At the end of the day, when the markets close, then look back and see if the ups and downs were as bad as you thought they were. Maybe, maybe not.

Hang in there.
Nancy

[LOCOAZ2008]

We recommend the Blocked Pipes article as it clearly explains the concerns that we have had for years about the banking system of the world. After reading the Blocked Pipes article, you can see why we remain pessimistic about a rapid recovery of the world banking system.

http://www.economist.com/displaystory.cfm?story_id=12342237

[Carol]

what percentage of people - invest in these markets ???

the top 20% of the population (must have 80% of the money in the market)

followed by the next 40% of the population,
who have money invested in bonds/pensions/and,
all that assortment of stuff
that most of us, under the age of 50--
are NEVER going to ever collect

from a "robinhood persceptive"

it's like the ultra rich raping the rich

how many of us, have our money in there anyway ???

so what, if all that falls apart

maybe, we would best be
making our toys at home (instead of importing them from china)
maybe, we would best be
buying produce, from local people
(instead of transporting it all over hells half acre,
keeping the oil/and, gas companies rich)
these guys, make billions of dollars of profit quarterly,
their customers do NOT, maybe,
we should all stay home, for 22 days,
and, NOT go to work, or, spend any money,
until they lower the prices !!!
(and, yet, so many things, we could do, we do NOT do)
we keep pumping and paying !!!
(sooner or later, the well runs dry)
when we do say, we have had enough
(do we really care, about the ultra rich, raping the rich)?

curious susan
the Exchanger

I really like your thoughts on this susan. The 22 day strike sounds good to me. :lol3:

[SpaceMonkey]

ive just been watching the dow jones nose dive on the news. It sure is going down hill.

[LOCOAZ2008]

Russia Buys Iceland 1) the major banks in Iceland had failed. The Icelandic government had rather foolishly, but out of necessity, guarantee *ALL* bank deposits. This had developed prior to this morning. What occurred this morning was the announcement that the banks in question had deposits that ran several times the Icelandic GDP. 1.a) Subsequently, *after* being informed that the EU will not/cannot help them, the Icelandic gov't has turned to Russia for assistance. Russia has agreed to provide the Icelandic gov't with necessary funds of sufficient amount to help them out 'for a few days'.

EU Splinters 2) a meeting in France this morning of the EU official 'finance ministers' was a dud. It was such a dud as to produce a sudden, precipitous change in language around the whole of the EU as a context within our modelspace. This single meeting may be the actual pivotal point for the EU as an organization of nation states. Basically what happened is that the EU politicians in the meeting agreed to take actions which are /were meaningless, such as a 'deposit guarantee' that is now raised, but still is far less than any of the member countries individual deposit guarantees. Thus effectively taking no action at all. Further it is rumored that the attendees of the meeting expressed agreement with the idea of *not* coordinating rate cuts with the Federal Reserve Bank of the USofA. This likely will be seen in the future as *the* moment that the EU began to only crumble back into Europe.

RBS Clearinghouse 'failing' 3) The Royal Bank of Scotland reportedly, this morning, begun seeking a 'recapitalization' so that they may continue their clearinghouse functions. The story coming out via rumors is that RBS is/has run into liquidity issues regarding their ability to handle transactions from other banks. This is also, according to rumor, affecting the currency trades globally. There is now some small substantiation that several of the governmental agencies approached have 'kicked the problem upstairs' as being beyond their ability to accept.

http://www.urbansurvival.com/week.htm

[ctophil]

The Dow is nose diving now at -457.58. Seems like the markets are declining more today towards closing time. It's gonna close more worse than yesterday. With this rate of decreasing each day, the stock market won't be around for much longer.

-Phillip

[Conch14:14]

Dow closes -502.10 (-5.04%) @ 9,453.40

[ATYT]

Dow Down. - 500 points . ..

from Oct 3 to Oct 07 the Dow has lost -1035 points. (-9.88%)
http://finance.google.com/finance?cid=983582

[Mori]

Big announcement? Look to a city (spelling) citi?

Patiently twiddles thumbs waiting on the MSM to catch up

[ctophil]

Big announcement? Look to a city (spelling) citi?

Patiently twiddles thumbs waiting on the MSM to catch up

Are you talking about Citigroup? All they doing recently is trying to play tug-of-war with Wells Fargo and snatch Wachovia. What else is new?

-Phillip

[Steve_A]

Hi ctophil,

DOW closed down 878.27 ! 8.51%

Citigroup went down 12.98%

Bank of America CP got hammered, down 26.23%

JP MORGAN CHASE CO down 10.64%

By the way, the Citi story with Wells Fargo smells. Citi offered $2 a share. Wells offered $6 dolars a share - a huge difference for what was described as a failed bank. Then Citi wants to fight over the attempted sale. Tere must be more than meets the eye here. Right?

Best regards,

Steve

Are you talking about Citigroup? All they doing recently is trying to play tug-of-war with Wells Fargo and snatch Wachovia. What else is new?

-Phillip

[Mori]

Are you talking about Citigroup? All they doing recently is trying to play tug-of-war with Wells Fargo and snatch Wachovia. What else is new?

-Phillip


http://ml-implode.com/ailing/lender_CitiMortgageWholesaleLending_2008-10-07.html

[Rocky_Shorz]

Hi ctophil,

DOW closed down 878.27 ! 8.51%

Citigroup went down 12.98%

Bank of America CP got hammered, down 26.23%

JP MORGAN CHASE CO down 10.64%

By the way, the Citi story with Wells Fargo smells. Citi offered $2 a share. Wells offered $6 dolars a share - a huge difference for what was described as a failed bank. Then Citi wants to fight over the attempted sale. Tere must be more than meets the eye here. Right?

Best regards,

Steve

Citi was buying it thinking the Government was just going to take the sunk part of the company... Right after that is when they decided to let banks take bad debt off the books without setting money aside to cover it.

That's when Wells stepped in and offered the higher price without government assistance.

[Rocky_Shorz]

Nikkei has been open 20 minutes and is already down 350 points...

[LOCOAZ2008]

Germany takes hot seat as Europe falls into the abyss


We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.

We are fast approaching the point of no return. The only way out of this calamitous descent is “shock and awe” on a global scale, and even that may not be enough.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3141428/Germany-takes-hot-seat-as-Europe-falls-into-the-abyss.html

[colesmommy1117]

Germany takes hot seat as Europe falls into the abyss


We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.

We are fast approaching the point of no return. The only way out of this calamitous descent is “shock and awe” on a global scale, and even that may not be enough.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3141428/Germany-takes-hot-seat-as-Europe-falls-into-the-abyss.html


I don't know what "extreme danger" you speak of, because we are in the 5th night of the Galactic cycle. Read some literature concerning the Mayan prophecy. Relax. We are on a schedule.

[Rocky_Shorz]

http://www.reuters.com/article/ousiv/idUSTRE497BQZ20081008

WASHINGTON/NEW YORK (Reuters) - At midnight on Wednesday, U.S. regulators will restore investors' rights to make bearish bets on financial stocks but few expect it to put an end to wild swings in the market.

For nearly three weeks, investors who bet on falling stock prices have been prohibited from short selling more than 950 companies under an experiment by securities regulators to restore equilibrium to a fragile financial system.

They had the option to extend the ban until the 17th, but decided not to wait...

[LOCOAZ2008]

Hi!!!!

Dow jones is going down -413 / -4.47% / level 8844

what do tou think ??? Is this a first sign of colapse???

¡¡¡¡¡ i think, yes it´s !!!!!

[LOCOAZ2008]

IN 3 MINUTES -551 / - 5.95% / LEVEL 8706

:yikes:

[ATYT]

Today is just going too fast too keep up with . :welcomeani:

[LOCOAZ2008]

Today is just going too fast too keep up with . :welcomeani:

YES YOU ARE RIGHT.

http://www.telegraph.co.uk/news/worldnews/europe/russia/3159998/Russian-president-Dmitry-Medvedev-calls-for-Europe-to-freeze-out-US.html

Russian president Dmitry Medvedev calls for Europe to freeze out US

The Russian president, Dmitry Medvedev, has called on European leaders to create a new world order that minimises the role of the US.

[Hypnotize]

Today is just going too fast too keep up with . :welcomeani:

yeah. DOW is down over 600.

[SplatPantZ]

yeah. DOW is down over 600.

-500 some yo yo big time!

[Balancer]

i guess there will be a really really "BLACK FRIDAY"

its getting serious pretty fast !:mfr_omg:

[Euphor|a]

Get ready for the Mark of the Beast if Martial Law happens, don't take it though..get your supplies ready and groups built up.

[ATYT]

get ready for the mark of the beast if martial law happens, don't take it though..get your supplies ready and groups built up.

do. Seriously


-678.91 (-7.33%)

[ATYT]

DOW today

1,121.44 (-12.11%):mfr_omg:

[LOCOAZ2008]

dow jones -682 / -7.96 / LEVEL 7896 AND GOING DOWN LOOK AT WORLD STOCKS http://money.cnn.com/data/world_markets/index.html

Hong Kong Hang Seng IS N/A Hong Kong HSCC Red Chip IS N/A

Germany DAX -474.78 -9.72%

France CAC -332.59 -9.66%

A Bank Holiday is moving from possible to PROBABLE.

Have you fully protected yourself?

Have you distanced yourself as much as possible away from financial agents holding your assets?

Have you gotten paper certificates for your shares or became a direct registration book entry at the transfer agent?

Have you protected your retirement accounts the same way as your shares above but in the name of the retirement account and the trust holding them?

Have you closed your Money Market fund accounts regardless of what assurances your bankers offer?

Have you withdrawn from your Credit Union?

Have you exited your corporate retirement fund?

Do you have significant gold and related shares investments?

It is getting UGLY out there as each day an attempt to postpone a bank holiday fails. Almost every other day lately financial leaders of the world have announced new plans that were "the final answer" to the super-glued credit market. All these plans have had no effect. The Dow fell like a rock off a cliff.

http://jsmineset.com/

[ctophil]

Hi everybody!

Today, the markets are rallying! Woohoo!! Everything will be just ok! Not...I'm tired of this ****. They keep trying to save the old system and making people like us look bad. "Uhh, you're just a doomsayer. The U.S. gov't will save us! It's such a resilient economy!" And then, people blame everything on me for the failure of my business, etc. *sigh* I'm so tired, everyone. We are obviously in a global collapse right now, and all these nations are taking ownership of banks left and right. Socialism across the U.S. and beyond is killing our society. But yet, there are still people who cares not and goes on with their "normal" lives. What am I to do?

-Phillip

[Steve_A]

Hi ctophil,

This rise in the DOW and other main bourses is because the goerments hae just injected trillions of dollars to prop up failing banks and banking system, so for the short term there will naturally be a short term rise in the markets, as, in the short term, the banks situation is 'solved'. Everything that was lost over the last couple of weeks could make someone an awful lot of money, over the short period.

I posted in another thread what I thought about the possible repercussions of nationalizing banks: http://www.projectavalon.net/forum/showthread.php?t=5195

Sorry to hear about your company.

Best regards,

Steve

Hi everybody!

Today, the markets are rallying! Woohoo!! Everything will be just ok! Not...I'm tired of this ****. They keep trying to save the old system and making people like us look bad. "Uhh, you're just a doomsayer. The U.S. gov't will save us! It's such a resilient economy!" And then, people blame everything on me for the failure of my business, etc. *sigh* I'm so tired, everyone. We are obviously in a global collapse right now, and all these nations are taking ownership of banks left and right. Socialism across the U.S. and beyond is killing our society. But yet, there are still people who cares not and goes on with their "normal" lives. What am I to do?

-Phillip

[ctophil]

Hi ctophil,

This rise in the DOW and other main bourses is because the goerments hae just injected trillions of dollars to prop up failing banks and banking system, so for the short term there will naturally be a short term rise in the markets, as, in the short term, the banks situation is 'solved'. Everything that was lost over the last couple of weeks could make someone an awful lot of money, over the short period.

I posted in another thread what I thought about the possible repercussions of nationalizing banks: http://www.projectavalon.net/forum/showthread.php?t=5195

Sorry to hear about your company.

Best regards,

Steve

Thanks, Steve for the heads up. What's really weird is that all these billions or trillions that the gov't keep printing up are not making the dollar lose much value. In fact, other currencies are falling quicker than the dollar, such as the Aussie and Canadian dollars. Are they trying to prop up the American dollar long enough to buy up all the banks and then crash it? I do expect the markets to fall again once investors find out that this injection of cash is killing the economy into hyperinflation.

-Phillip

[Xhaosis]

Thanks, Steve for the heads up. What's really weird is that all these billions or trillions that the gov't keep printing up are not making the dollar lose much value. In fact, other currencies are falling quicker than the dollar, such as the Aussie and Canadian dollars. Are they trying to prop up the American dollar long enough to buy up all the banks and then crash it? I do expect the markets to fall again once investors find out that this injection of cash is killing the economy into hyperinflation.

-Phillip


Not an expert, nor do I have a degree,

the dollar is staying strong in my opinion, because opec helps out allot, and since oil is traded mainly in dollars, since we are one of their biggest consumers. Not to mention our dollar represents a powerful military, Not really to sure why the dollar is still strong, I am just guessing. the injection is just going to buy us sometime, I think I understand what were facing, I am just not sure how it will change things. My grandpa always told me to let these big things worry about themselves, yet its hard not to feel something. What he meant thou, is not to be scared, take care of yourself, the best you can. etc. etc. The human being can adapt to anything.. Even hell..

[Myra]

Hi ctophil,

This rise in the DOW and other main bourses is because the goerments hae just injected trillions of dollars to prop up failing banks and banking system, so for the short term there will naturally be a short term rise in the markets, as, in the short term, the banks situation is 'solved'. Everything that was lost over the last couple of weeks could make someone an awful lot of money, over the short period.

I posted in another thread what I thought about the possible repercussions of nationalizing banks: http://www.projectavalon.net/forum/showthread.php?t=5195

Sorry to hear about your company.

Best regards,

Steve

Hi Steve, just wondering, do you think the rise in the Stock Market will only be temporary because of this? I'm asking because I don't know a lot about how the Stock Market works, I'm sure you know much more than me.

[Steve_A]

Hi Myra,

I believe it will be temporary as the current situation is still not all that healthy. Once the euphoria is over and everybody can see the woods for the champagne glasses, they will realize that the bailout is only as good as the money that was used. The money is being pumped into the system and the banks will go back to lending, which will take the money back out of the system and we're back to squara one, unless the bank makes credit more difficult (or more expensive) to get. This being the case we would be in a similar situation where we are now where few can get, or afford credit, and the credit market will be much smaller, thus reducing profits etc. etc.

When I was a kid my mother said to me that the lending companies only lend to rich people, those people who don't really need it. It has always been that way in a healthy market. You lend and are guaranteed of your return. If we are to believe what the banks say, the banks lent to all the poor people and got screwed.

I posted : http://www.projectavalon.net/forum/showthread.php?t=5195

It's my reasoning about nationalizing banks, which basically has just come to pass in Europe. Today George Bush will inform the public what he will do with the first $250 billion of the $700 b. Will it be for his friends' banks? Will it go to AIG who as already received over $1 trillion? Let's wait and see. :)

Best regards,

Steve


Hi Steve, just wondering, do you think the rise in the Stock Market will only be temporary because of this? I'm asking because I don't know a lot about how the Stock Market works, I'm sure you know much more than me.

[Steve_A]

Hi Everybody,

This just in. With first installment of the $700b in hand, President George Bush should announce today that the treasury will buy stakes in Bank of America Corp, Wells Fargo, Citigroup, JPMorgan Chase & Co, Goldman Sachs, Morgan Stanley, Bank of New York Mellon Corp, State Street Corp and Merrill Lynch.

Best regards,

Steve

[Steve_A]

The Icelandic Stock Exchange fell by 76% in early trading as it re-opened after closing for two days last week.

The country's economy has almost collapsed, after lending on the money markets dried up.

Iceland has become one of the highest-profile victims of the credit crunch.

Last week, authorities took control of the operations of three major banks, Kaupthing, Landsbanki and Glitnir, in which hundreds of thousands of Britons have savings.

Trading in six financial stocks - Kaupthing, Landsbanki, Glitnir, Straumur-Burdaras, Reykjavik Savings Bank (SPRON) and Exista - remains suspended.

Officials from Iceland are in Moscow for talks on an emergency loan that could be worth billions of euros.

Meanwhile, the UK Government has announced extra help for around 300,000 British firms and individuals with deposits in collapsed internet bank Icesave.

It is to lend the parent company Landsbanki £100m to help depositors get their money back.





Hi Everybody,

This just in. With first installment of the $700b in hand, President George Bush should announce today that the treasury will buy stakes in Bank of America Corp, Wells Fargo, Citigroup, JPMorgan Chase & Co, Goldman Sachs, Morgan Stanley, Bank of New York Mellon Corp, State Street Corp and Merrill Lynch.

Best regards,

Steve

[Peer]

As money is reduced to 0's and 1's and represents no real value for decades already I don't see the problem.
Maybe because you had some of those 0's and 1's and thought you were a rich man.
Well, wake up: That money didn't exist, not even on paper.

Actually you didn't own anything real (on another thread I already made clear that owning anything at all is impossible) but were you unhappy?
No. You just worried about losing something you didn't really own, something that didn't even exist.

All you have to do now is stop worrying and get a good night sleep.
You had a bad dream, that's all.

When you see mushroomlike clouds on the horizon it is time to get worried.
Anything else is there for you to enjoy for instance:
You could get into a real conversation with your neighbour.
A conversation about things that really matter.
Can't think of anything but money?

Then you are close to ZEN because ZEN is all about nothing.

[Falco]

Not an expert, nor do I have a degree,

the dollar is staying strong in my opinion, because opec helps out allot, and since oil is traded mainly in dollars, since we are one of their biggest consumers. Not to mention our dollar represents a powerful military, Not really to sure why the dollar is still strong, I am just guessing. the injection is just going to buy us sometime, I think I understand what were facing, I am just not sure how it will change things. My grandpa always told me to let these big things worry about themselves, yet its hard not to feel something. What he meant thou, is not to be scared, take care of yourself, the best you can. etc. etc. The human being can adapt to anything.. Even hell..


Here is one reason the US dollar is still strong - but not for long;
LIBOR = London inter bank offer rate


Chuck Butler, a well known currency analyst and author of a daily letter entitled, “A Pfenning for your thoughts” provided a light-hearted and interesting insight in his letter on Friday.. Following is a direct quote from his letter published before the bailout package was passed.

“Good day… And a Happy Friday to one and all! A Fantastic Friday, I hope! As the blind man said, as he spit into the wind… It’s all coming back to me now… And so it was yesterday morning after I had hit the send button for the Pfennig, a trader friend called to give me some insight, and… After talking to him, it all came back to me now…
What the heck is he talking about now? I hear you asking… Well, recall how I and probably all of you too, have been scratching my head and wondering just how in the world the dollar could be rallying in the face of all that’s going on, and the bad data to boot. Well, here it is folks, sit back and take a sip of coffee…
One of the things we’ve learned this week is that the European banks are not getting to go Ollie, Ollie Oxen Free, on the holding of toxic waste debt… And since they are U.S. issued mortgage bonds, the trader that called tells me that they need to have capital reserved in U.S. dollars.

Well, usually, these banks use LIBOR for this funding… But with the credit crunch going on all over, LIBOR rates have gone through the roof. So… Looking for alternative means of raising capital, the European banks have turned to the euro / dollar swap market… Selling their euro reserves and buying dollars.
SLAP! I could have had a V-8! Now why didn’t I think of that? Anyway… This is what’s going on… One would logically think that when LIBOR gets back to normal, these euro / dollar swaps would be reversed. Now… The next question is… What will it take to get the LIBOR rates to normalize? Well, that would be an unlocking of the credit crunch. And according to our Fed Chairman, U.S. Treasury Sec. and President, the way
to unlock the credit crunch is to pass the Bailout Package! Dang it! I knew it would all get back to that darn Bailout Package!”

Much of the strength in the U.S. Dollar during the past two weeks can be attributed to Euro/Dollar swaps by European banks. Many of these swaps will be reversed as LIBOR rates return to normal. The reverse will not be immediate despite signing of the credit recovery bill on Friday because infrastructure to enact the bill will take several weeks. Traders will watch closely for signs that U.S. treasury bill rates are normalizing (i.e. rising) and the TED spread and LIBOR rates are normalizing (i.e. falling). Technicals on commodities and currencies as of Friday suggest that the normalization process has not started yet. Eventually, normalization will lead to weakness in the U.S. Dollar and strength in commodity prices and other currencies.

[Steve_A]

Hi Falco,

I think also that there is a 'political' side to this to keep the dollar up there. It will be interesting what appens when everything pans out as there won't be a 'weakness' in the US$ there will be an absolute collapse, everybody will need to exchange them on the same day, if not, only those who sell during the first moments of the sell off will break even or make a slight profit. The others tat follow will lose a fortune as nobody will want to buy the dollar, knowing that ALL the financial institutions are wanting to get rid of them.

It could well be, as has already been happening in pre-war Iraq, Iran, Libya, Venezuela, Russia, Indonesia and other nations that everybody will deal in Euros.

Best regards,

Steve

Here is one reason the US dollar is still strong - but not for long;
LIBOR = London inter bank offer rate


The reverse will not be immediate despite signing of the credit recovery bill on Friday because infrastructure to enact the bill will take several weeks. Traders will watch closely for signs that U.S. treasury bill rates are normalizing (i.e. rising) and the TED spread and LIBOR rates are normalizing (i.e. falling). Technicals on commodities and currencies as of Friday suggest that the normalization process has not started yet. Eventually, normalization will lead to weakness in the U.S. Dollar and strength in commodity prices and other currencies.

[Falco]

Hi Steve,
Political side, sure - Its all political. It is being set up so that there eventually will be one central world bank.http://www.lastreporter.com/?p=2059
There is no one who knows how things will exactly panout, but I believe, as many do, that the $US will ultimately collapse. Could be sooner rather than later. Is this orchestrated? Certainly looks like it from my perspective. The only way to ameliorate the financial crisis is to introduce an asset backed currency.No fiat currency has survived for long. I wonder if the Amero, if it comes to pass, will be asset backed?

Nice gains on the DOW Monday but unable to holdon Tuesday. What will Wednesday and the week bring? I`m guessing more down. The IMF is saying up to 20% more downside; http://business.timesonline.co.uk/tol/business/economics/article4926584.ece I excpect that is conservative. Some doom and gloom analysts are predicting a bottom of 7500 for the DOW and others saying it will rise to 12500 in 09.

Just some thoughts from a regular Joe

[Steve_A]

Hi Falco,

I think we could be looking at this from the wrong angle.

It's not that 'they' are orchestrating the crash of the dollar to create a new currency, I think it's the other way round, that they are rushing through the new currency because 'they' know the dollar will crash.

The crash of the dollar will happen. If people are still willing to buy the dollar, all well and good, this staves off the crash a little, gives 'them' more time.

So I think the more heads up people will start to think of the exit strategy of the dollar now, if this means stocking up on Euro, or other hard currency, or on an unoficial currency like the Amero, now that is the question. A lot of people made good money when the Euro was introduced and found it's place in the money markets. There could be two schools of thought. Play it safe and buy the Euro before the collapse, or risk it and buy the Amero for when it is officially introduced, then profit (or lose) whilst it is positioning itself in the monetary market.

Best regards,

Steve


Hi Steve,
Political side, sure - Its all political. It is being set up so that there eventually will be one central world bank.http://www.lastreporter.com/?p=2059
There is no one who knows how things will exactly panout, but I believe, as many do, that the $US will ultimately collapse. Could be sooner rather than later. Is this orchestrated? Certainly looks like it from my perspective. The only way to ameliorate the financial crisis is to introduce an asset backed currency.No fiat currency has survived for long. I wonder if the Amero, if it comes to pass, will be asset backed?

Nice gains on the DOW Monday but unable to holdon Tuesday. What will Wednesday and the week bring? I`m guessing more down. The IMF is saying up to 20% more downside; http://business.timesonline.co.uk/tol/business/economics/article4926584.ece I excpect that is conservative. Some doom and gloom analysts are predicting a bottom of 7500 for the DOW and others saying it will rise to 12500 in 09.

Just some thoughts from a regular Joe

[Humble Janitor]

Probably a stupid question, but would it make sense for me to exchange the money I have for other currencies, such as the Euro or possibly the Canadian dollar?

I have no idea how I'm going to get ahold of silver or even gold, should the dollar become absolutely useless.

[Steve_A]

Hi End_Times012,

It all depends on your needs. If you have a lot of money in US$ and you can't get hold of 'spot' gold or silver (check out your bank), you could change for more secure currencies, or alternatively buy 'naked' land (farm land to you and me) as that should hold its' value. You could even check out emerging markets for land, but be careful not to get ripped off by unscrupulous dealers.

I would at this time steer clear of the Canadian dollar, as it comes under the Amero umbrella and that geographical area is still unclear as to which direction it will go.

Another scenario, depending on the amount, is that you look for Amero currency (not the comemorative coins) if it officially exists and invest a portion in that - a higher risk but possible higher gains (or loss) and a more secure low risk investment. if you have enough and are wanting to invest, spread it around to secure yourself and possible make a buck or two on the way.

Best regards,

Steve


Probably a stupid question, but would it make sense for me to exchange the money I have for other currencies, such as the Euro or possibly the Canadian dollar?

I have no idea how I'm going to get ahold of silver or even gold, should the dollar become absolutely useless.

[ATYT]

another day .. another tripple digit drop ... -733.08 (-7.87%) DOW

[Mori]

Big announcement? Look to a city (spelling) citi?

Patiently twiddles thumbs waiting on the MSM to catch up


Just a guess here...(is guessing even needed at this point with all the facts? Do we have all the facts? Could they pull out another skeleton from the closet?) 1st Cit followed by BoA, then Wells. Gman and J and P will attempt a transition.

I am by no means an "expert", just a financial reader trying to connect some dots.