Is this truly Economic Meltdown?

Yes.

Check out the top stories on Yahoo! Finance,

-World Stock Markets Tumble on Banking Concerns
The major markets of Europe and Asia were sharply lower on Monday as traders looked past America's bank bailout bill and focused on Europe's growing financial crisis.

-Europe governments strive to avoid bank meltdown

-Oil falls below $90 as financial turmoil spreads

-eBay to cut 1,600 jobs, 10 percent of work force

-Angry Feds May Force Citi and Wells to Share Wachovia

Now, the question is if this meltdown is an organized and planned meltdown? or is it simply the global monetary system failing? What comes after this? Economic warfare? Countries engage in a new war that has never been seen in history before?

Just for the record im liking the plunging oil prices! =)

oh forgot to mention that the DOW is down -561.67 as of now.


[edit on 6-10-2008 by PunPryde]

You would have to ask yourself a question. Those architects of the monetary system - the one's who control how much money is 'produced' and what the 'credit rates' are - can they possibly be unaware of the solutions to the formulas they put in place?

Is it possible for this meltdown to NOT be planned?

It IS possible that the middlemen did not expect it, but the architects know exactly where the 'money' is and where it is 'going'.

Problem is , we have allowed them to claim immunity from oversight, we have allowed them to deliberately 'disguise' and or 'conceal' facts, and they have been given the loaded pistol to point at us when we question them.., so they can simply cock the hammer and say 'go away' if we ever get too close to their plan.

Those who are behind this are the ones who profited from the $700 billion bailout plan.

i was wondering if the freedom of info. act could be used to find some things out about all of the failed institutions such as-
1 how many of the heads of these failures unloaded their stocks and stock option bonuses before they announced that they ran these companies into the ground.
2 how many of the head personal knew that they had intentionally done this to the companies.
3 cnn is running a series on the tele about the 10 men responsible for this fiascal
4 one president signed a little document that un -did all the controls on the banking system in the U.S. at the direction of his minister of finance ,these controls were put on after the banks and investment houses pulled this same crap in the dirty thirties, these controls were so that this could never happen again. SURPRISE SURPRISE SURPRISE!
5 and the people are now on the hook for these peoples mismanagement and misuse of the system by these men and women...
6 700 billion dollars and we are supposed to take it and like it no matter what, and all good ole J.W. BUSH wants from the remaining group is a letter of good conduct from them to him-and he thinks that we are going to trust and believe them-NOT BLOODY LIKELY-
7 due to their gross mismanagement of all of our investments we the people demand that all those who are responsible for this, be brought to face the courts and charged with high treason-for they not only cost us our investments,jobs they damm near destroyed everything it is no wonder that they came up with the bright idea of retirement savings plans which we the people are not allowed to touch or use until we retire and they still have our cash locked in so we can`t use it to kick start the economy,unless you would like to take it out and get taxed on it at 50% up in CANADA.
8 i would like to see all rules and regulations reinstalled immediately,i would also like to see the I.R.S. so far up their back ends that they would be terrified to sneeze,i would also like every governmental watchdog group turned lose on then being as they are publicaly owned their books and accounting practices need to be made public , as for good ole J.W.,s letter of good behavior he can stuff it as i for one do not trust any of these liars-how about the rest of you?

Insiders like CEOs and other board members, have to report their stock actions. They will show up on insider trading reports.

For instance Jon Winkelried and Kevin Kennedy have been doing a lot of selling: link

Oh, and don't forget Paulson was a part of that bank to, of course there is no reason to be concerned about a conflict of interest.

He has amassed quite a fortune--a roughly $700 million equity stake in Wall Street's premier investment banking house. And soon, he will have the chance to diversify a good chunk of those holdings without paying a dime to the Internal Revenue Service.

source

Moreover, as Bloomberg News reported: "Goldman Sachs Group Inc. and Morgan Stanley may be among the biggest beneficiaries of the $700 billion U.S. plan to buy assets from financial companies while many banks see limited aid..."

source

Originally posted by PunPryde
Now, the question is if this meltdown is an organized and planned meltdown?

Oh please.

Relax and take a pill. To suggest this is a conpiracy of some sort is nothing short of ludicrious.

JK

It could be this guy warned people back in march that this was planned:
www.city-data.com...

Honestly this guys time line has been perfect so far.. could this be planned or is this guy just a good guess?

Originally posted by E-ville
It could be this guy warned people back in march that this was planned:
www.city-data.com...

Honestly this guys time line has been perfect so far.. could this be planned or is this guy just a good guess?

Please - no more misinformation.

Please refer to the Dems in 1995 that transformed the CRA to force the banks to create subprime loans - the first of which were securitized and sold to the public one year later.

THERE is your smoking gun trail to follow.

No more, no less.

Full stop.

JK

Originally posted by E-ville
It could be this guy warned people back in march that this was planned:
www.city-data.com...

Honestly this guys time line has been perfect so far.. could this be planned or is this guy just a good guess?

Nope I believe that guy was just another internet BS artist.
The markets crashing in Sept this year has been predicted by many people for years.
So have other months August July etc etc.Other years etc.
Just so happens this guy used a prediction that was right.
However he chose September because of Sept 11th and the like.
However he stated the economy will fail in Sept.
It has not failed.The markets have crashed we are in a recession yes.
But the economy has not failed.
I am fairly certain, some of these wacko's on here telling people to stock up on dry goods tinned food etc.
Are somehow involved in selling them.
Just like the water filter seller people were involved in the scare tactics that public water wasn't safe.There is more toxins in the air you breath than in the water.

i think that right now we are in the middle of a Financial sector crisis...


when all the money injections & bailouts fail...
then we will be entering the Economic sector meltdown,
that's when massive layoffs are realized (25% unemployment ?)
most industry & remaining manufacturing are closed because nobody is able to buy products.



after a year or two of the Economic crisis, then we enter into the bad results of all that money injection attempting to re-inflate the Finance sector... hyper inflation.

So it takes a unfixable crisis of the Finance sector,
which causes the collapse of the Economic sector,
which then creates the conditions for the collapse of the Monetary system.



review the troubles in Iceland as a model of A>B>C...D