Go Back   Old Project Avalon Forum (ARCHIVE) > Project Avalon Forum > Global Ground Crew Networking > Asia

Notices

Reply
 
Thread Tools Display Modes
Old 10-05-2008, 08:10 AM   #1
sneakerone
Avalon Senior Member
 
Join Date: Sep 2008
Location: Indonesia
Posts: 21
Default How The Economic Collapse Of 2008 Will Play Out

How The Economic Collapse Of 2008 Will Play Out
It'll happen when the world refuses to carry america's debt anymore.

"That first day, the Dow Jones Industrial Average and related indices on a percentage basis would lose about 20% of their value by the close of business that day. The real impact would come overnight when the American people found out what this was all about and when it was explained to them.

At 7:30 a.m. EDT, the Tokyo markets would open, and no price would be affixed for probably three or four hours into the session due to the avalanche of selling. Once prices were established, the government of Japan would close all of its financial markets. Europe would not even open. All European governments would close all capital exchanges the next day.
The United States would, in order to accommodate global electronic trading, attempt to open the market on the second day, which they would do, regardless of price, just to maintain some liquidity. At the end of Day Two, the Dow Jones and related indices, would have lost two thirds of their value, and prices would be set accordingly.


On Day Three, the New York Stock Exchange, the SEC and other related agencies would recommend to the United States Treasury and the Federal Reserve that all markets be closed. That would be on the morning of Day Three. Eleven a.m., the Federal Reserve would then order all domestic banks closed. All of the twelve Federal Reserve district banks would (30 minutes later) have special U.S. forces parachuted in and around them to secure whatever gold bullion reserves they had left.

Day Three, 9:00 p.m., the President of the United States would declare a state of martial law. All financial transactions would come to an end. The Treasury would act to formally de-monetize the U.S. dollar and declare it worthless.
This would be totally unprecedented. In the past, collapses have been temporary and have been brought back up. But what we're talking about now is the end."

Last edited by Simon; 10-07-2008 at 11:05 AM. Reason: colour/visibility
sneakerone is offline   Reply With Quote
Old 10-05-2008, 08:18 AM   #2
Bagatell
Avalon Senior Member
 
Join Date: Oct 2008
Location: Sierra Nevada, Spain
Posts: 32
Default Re: How The Economic Collapse Of 2008 Will Play Out

Help, I´ve gone blind!

Now thats better

Last edited by Bagatell; 10-09-2008 at 09:11 AM.
Bagatell is offline   Reply With Quote
Old 10-07-2008, 10:22 AM   #3
ARE WE THERE YET
Avalon Senior Member
 
ARE WE THERE YET's Avatar
 
Join Date: Sep 2008
Location: New Zealand - Auckland
Posts: 53
Default Re: How The Economic Collapse Of 2008 Will Play Out

And I have gone deaf and dumb.
Didn't the markets loose 26% on close on Monday ?
ARE WE THERE YET is offline   Reply With Quote
Old 10-07-2008, 11:22 AM   #4
jaby
Avalon Senior Member
 
Join Date: Sep 2008
Location: england
Posts: 254
Default Re: How The Economic Collapse Of 2008 Will Play Out

Quote:
Originally Posted by sneakerone View Post
How The Economic Collapse Of 2008 Will Play Out
[FONT=Trebuchet MS]It'll happen when the world refuses to carry america's debt anymore.
Thanks for that, sneakerone. Very concise and clear.

Woah...roller coaster ride ahead, maybe.....?


Song for a laugh...MONEY.

Link...http://uk.youtube.com/watch?v=rkRIbUT6u7Q
jaby is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 04:31 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Project Avalon