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-   -   Custers last stand??? (http://projectavalon.net/forum/showthread.php?t=15527)

viking 10-30-2009 09:42 AM

Re: Custers last stand???
 
Thought this was quite funny...synchronicity or coincidence?? :naughty:

Look ahead – not back – on key Depression date, author advises

Wisdom is usually hard-earned. But the sage economic insight author Vox Day offers in "The Return of the Great Depression" is a downright bargain. Readers have recognized that and pushed the title to the top of best-sellers at Scribd.com, where the ebook is going for only $1.99.

On this 80th anniversary of the "Black Tuesday" stock market collapse, some analysts are experiencing déjà vu, warning a major crash in the stock market is imminent.

Graham Summers, senior market strategist at OmniSans Research, wrote in the firm's daily e-letter yesterday that the markets may finally be on the verge of the crash he has been predicting for more than two months.

"Well, judging from the market's action today, I believe we may be within 48 hours of getting the "Official Sell" signal I've been waiting for," he wrote in "Gain, Pains, and Capital."

The Dow Jones Industrial Average lost 119 points yesterday, or 1.2 percent, while the NASDAQ lost 2.7 percent. The Russell 2000 index of smaller companies dropped 3.5 percent.

Summers explained in an online piece Tuesday that he has been watching an ominous pattern develop in which the trading range shrinks as stocks rise higher. In the past, that pattern has led to a sharp downturn, he said.

"I've been forewarning of a potential crash for months now. And the market's current action is precisely what you would expect for a major top (increased volatility)," Summers wrote.

Author and WND columnist Vox Day, asserts in book released last week, "The Return of the Great Depression," that the U.S. is entering the early stages of the Second Great Depression.

Day's credibility is bolstered by his prediction seven years ago of the collapse of the housing market and the destruction of the financial services industry, in addition to some remarkably precise market forcasts.

http://www.fourwinds10.com/siterun_d...p?q=1256850342

viking

Oliver 10-30-2009 10:41 AM

Re: Custers last stand???
 
Quote:

Originally Posted by happyhollergal (Post 169597)
It seems that the dates are approaching, and only time will tell what the idiots in Washington will have up their sleazy sleeves to ward off the collapse this time. According to Lyndon LaRouche, who did predict accurately the depth of the fallout last year (one year ahead of time), he seems to think that after the September 30th fiscal year report comes out, all hell will break loose around mid October. Kinda coincides with the dates of the swine flu vaccinations. If anyone is interested, here's a website to check out. LaRouche did a several hour long video during a conference about a month ago that went into great detail about his predictions for this October. http://www.larouchepac.com/


Thank you, Happyhollergal.
I would like to add that, actually, LaRouche is predicting the collapse of the financial system practically for last 40 years. He was always repeating that the crucial point for the today’s catastrophe was the destroying the Bretton-Woods system by Richard Nixon in 1971.

FROM WIKIPEDIA: “The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained the exchange rate of its currency within a fixed value—plus or minus one percent—in terms of gold and the ability of the IMF to bridge temporary imbalances of payments. In the face of increasing financial strain, the system collapsed in 1971, after the United States unilaterally terminated convertibility of the dollars to gold. This action caused considerable financial stress in the world economy and created the unique situation whereby the United States dollar became the "reserve currency" for the states which had signed the agreement.”

Obviously, the time came when the “financial bubble” of the monetary speculations will explode.

Love & Respect

Steve_A 10-30-2009 10:57 AM

Re: Custers last stand???
 
Hi Viking,

I'm waiting patiently for the demise of the US economy. It will happen. There are some pointers to this, which many people seem to have missed.

Firstly there was a more than ample news piece on civilian posts to be filled in the US army. These posts of work normally are for office type duties in the US. Why is this one pointer? Normally when the going gets tough on the jobs front, things of this sort are reported on, or even transmitted as an outright advert. How many Brits remember "Join the Professionals" ads in the 1980's?
Will those ads appear more in the UK as the depression (er sorry recession) bites down harder?

Yesterday, GDP figures were released by the US government, saying that the GDP of the US grew by 3.5%, more than expected. But take out of that the incentives that have been offered and the 13% decline in the US$ against major currencies over the last year, that figure cannot be all that true. Itmay be on paper, but you have to include the value of the incentives in the workings out and the real value of goods produced to get an accurate GDP figure. I'm sure that one could argue that the GDP shrank in the US if you took these factors into consideration.

So what made the DOW shoot up yesterday? Unemployment grew again, which meantthat companies were cutting expenses. That in turn of course would give them a temporary high in their profit margins. It's this figure that
they release to the pundits to make their bets on the stock market.

It's a little like the Kings' New Clothes. Eventually somebody is going to declare that the King is naked. That's when the houseof cards is going to collapse all together and the collapse will be a fast one.

When will all of this happen? It all depends on the little boy who calls it.

Best regards,

Steve

viking 10-31-2009 10:27 PM

Re: Custers last stand???
 
Hi Steve yes time is all that awaits it seems...

Found this on my travels not sure how authentic it is??

SOMETHING TO THINK ABOUT.

I do not normally pass on rumors or here-say but a very good personal friend's uncle is a Deputy Economic Advisor to Obama as well as a Professor at a prestigious Eastern school. He was called into a private meeting last week with the President. They were told, I quote the Following: " Between now and Jan 1st 70 more big banks will fail and 70% of Retail Companies will be Bankrupt. The President will allow them to make as much as they can for the Christmas Holidays then Jan 15 there will be a Bank holiday and their new currency will be issued with a devaluation of 6 to 10 to 1. " I believe this why they are trying to keep the market and dollar up now with their lies on all the News outlets. Set up the people to steal very last penny they can get. Martial Law can not be too far behind. Get your money out of banks and into physical Gold and silver, I recommend 60% Gold 40%silver, food , Founation seed, gunn ammo generators ...etc. If you can not eat it, drink it, wear it, live in it, raise food on it, do not invest in it. If you have stocks, bonds 401K, IRA take the penalty and put it in what I just said. If you have substancial funds call me privately and I can help. And remember get far away from the Cities!!!!! This is first hand information and I would take t very seriously. Lion of Judah cell 406-274-4325 mst


viking

Swanny 11-01-2009 11:18 AM

Re: Custers last stand???
 
Quote:

Get your money out of banks and into physical Gold and silver, I recommend 60% Gold 40%silver, food , Founation seed, gunn ammo generators ...etc. If you can not eat it, drink it, wear it, live in it, raise food on it, do not invest in it.

Takes me back to this time last year :thumb_yello:


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