[Breaking News] Stocks close at lowest point since '97

reply to post by Uniceft17

The system will be re-built but not the way you think. The entire western hemisphere will collapse by mid-summer. This is and has been the plan of the Bilderberg Group. Life as we know it will be dramatically changed within the course of about 5 months. Hang on to your hats ladies and gentleman. Get out of the cities!!!!!!

reply to post by Uniceft17


Who knows whats coming, theres no plan, no road map to recovery, each day is being taken one step at a time,

i think today is going to be bad though

i`ve red pretty much all of the post here ,,well,,um, i`m fairly uneducated ,what with bein from australia an all ,and i was wonderin, does anybody out there,and i mean really any one ,,,who knows how to fix this situation as it is right now????,,please

a game of mirrors ive been playing in lately
does it ever wriggle
every small telemetry
cynical rubicks cube stupid

largesse catharsis
marginal malaise
a hazy days soliloquy banter
phantom mechanical abstract mathematical

bad sabbatical tangent management
shatter fragment splinter shard
winters bard frozen melody
skeletal symphony epiphany

reply to post by MEATPIE


There are people out there who are educated enough to do this right. The problem is that none of the are in a position of power or influence of any significance. There are people on this board that could do a good job of taking care of this problem. But people who want to fix the problem without government are pushed aside as if government only fires magic bullets.

geeze mate,sounds like we`re in a real pickle then ar`nt we well look,,, we got plenty of open space over ere i`d suggest if this is as good as it gets you`d better high tale it out of where ever you are an come over ere ,,,,cash in what`s left of your live`s and move,,can you digg it..were not like cuba or anythin ,but we do have asphalt roads ,,but only where cars can go.,can`t say much about our humor ,,nobody gets it anyway,,oh ,and the food ,the way mama prepares it you can almost live on it!!

reply to post by MEATPIE


This isn't just an American problem, it's a Global problem. It's already affecting every country on Earth, I'm just waitng to see how bad the damage is going to be. Sadly I can already see the motions playing out in my own small town in Alabama, I was driving around in a Sub-division and almost everyhouse on 2 streets was in Forclosure and I know several people who lost their jobs, and the churces around here give out food to the needy and their have been lines around much of the churches here, I live in North Alabama and they still say it hasn't even got to us yet, but it's pretty obvious it has.

[edit on 2/24/2009 by Uniceft17]

reply to post by MEATPIE


If it were me. I'd have let wallstreet crash. Yes, it would've been rough for awhile, but Wallstreet would've come back stronger an leaner. Put the money where it would've helped the most, bail out (for example) the auto industery. They employ thousands, their suppliers employ thousands more, the money put in their would trickle down into the economy and we'd be on our way back up.
As for what to do now? Nothing. Rescind that bloated an totally useless stimulus bill obama shoved down everyones throat. Are people going to get hurt by doing nothing? Yes, but people are already being hurt now, so no change.
Look to the obvious, the stocks were heading down during the election, the stocks started down even quicker after obama got elected, after he passed the stimulus bill the stocks took a nose dive. Hmmm, does anyone else see a pattern starting.
This is just my opinion here. But personally, I think obama wants things to get worse. Why? It'll make easier for him (the Government) to step in an take control of everything. Again, this is just my opinion and the way I feel things are heading.

reply to post by MEATPIE


Our turn is on it's way MEATPIE
our economy was just killed by Rudd and his 42 billion stimulous package which will do little more than buy big screen tv's and less about creating real infrustructure and generate work.

All western countries are going down the tube by design, european countries are close to the brink and asian markets are also on the decline, the ME is being destroyed by the low oil prices.

We are not isolated and you can already see the writing on the wall here in Aus.

iguess what i was wunderin ,and probably most of us ere would,bein just a layman on the street,so to speak,should we just sit back ,like the fluride zombies we are or should pac a sac and head for the hills.com

I've said it before here on ATS if the Stock Market drops below the 5K range you can forget about banks, stocks, pensions, and basically anything related to the government.

It looks like this train is almost out of track and running at full speed.


People will barter with the skills they have, if anyone was a politician, lawyer, bean counter, desk jocky or paper pusher get ready to roll up your sleeves.

I have a question. Based on 1937s economy and todays. in comparison are we worse off or are we a little ahead. This is based solely on economics and the percents between then and now. was the hit and current situation close worse or better.

Originally posted by CrashGecko
I have a question. Based on 1937s economy and todays. in comparison are we worse off or are we a little ahead. This is based solely on economics and the percents between then and now. was the hit and current situation close worse or better.

At the moment we re diving way faster but we haven t reached a lowest comparable to the Great Depression.

THere is something different that makes the comparizon irrelevant. The debt:

- behemoth
- spreads to all the layers of the society
- is connected to most of the countries

To explain more, the total amount of debt is not covered by the total amount of real riches available ( I m not talking of cash as cash is debt now, and not asset)

To me it seems that there is only one explanation possible :

Mankind has borrowed from its own future and it s payback time

reply to post by David9176


Hilary simply sold Tibetans and human rights to the Devil in his collective person.
That's what's going on now in China, and it will be a green light for all kinds of wars and cracks down in the near future.

Originally posted by seb118

Originally posted by CrashGecko
I have a question. Based on 1937s economy and todays. in comparison are we worse off or are we a little ahead. This is based solely on economics and the percents between then and now. was the hit and current situation close worse or better.

At the moment we re diving way faster but we haven t reached a lowest comparable to the Great Depression.

THere is something different that makes the comparizon irrelevant. The debt:

- behemoth
- spreads to all the layers of the society
- is connected to most of the countries

To explain more, the total amount of debt is not covered by the total amount of real riches available ( I m not talking of cash as cash is debt now, and not asset)

To me it seems that there is only one explanation possible :

Mankind has borrowed from its own future and it s payback time

At least back in the depression era a lot of people's families lived together all in one house. A lot of people lived on farms or in areas where they could grow their own food and have a some chickens or a cow to feed themselves. Food was grown and supplied pretty locally unlike now.

Also, there was a lot less technology available, so people were more likely to be able to heat their homes with wood, had water on their own properties through wells, and that type of thing. Not saying it wasn't hard on people, but they were probably better prepared for a real downturn.

Also, then, a lot of our industry in the United States was actually IN the United States, now it's not (for job availability) I would say that, yeah, things are probably (gonna be) worse this time around.

By the way, right now on Bloomberg Channel, Ben Bernake is getting schooled by Senator Shelby....he just basically said that noone believes Bernake is telling the truth about the financial situation.....wow!!!

Shelby's drilling him.....you should check it out if you can. Now he's talking about why Bear Sterns was saved and Lehman Brothers sent down the tubes.

[edit on 24-2-2009 by sezsue]

reply to post by sezsue


I have been watching the hearings from the beginning and to tell you the truth it looks to me like rehearse show for the peace of mind of the Senate fiancé committee in order to appease the angry population.

When this over and done with, nothing will change and just more tax payer money to be put in the hands of the Fed.

Originally posted by seb118

At the moment we re diving way faster but we haven t reached a lowest comparable to the Great Depression.

THere is something different that makes the comparizon irrelevant. The debt:

- behemoth
- spreads to all the layers of the society
- is connected to most of the countries

To explain more, the total amount of debt is not covered by the total amount of real riches available ( I m not talking of cash as cash is debt now, and not asset)

To me it seems that there is only one explanation possible :

Mankind has borrowed from its own future and it s payback time

seb118,

You are right about that. And the problem is, they aren't telling the truth about the scope of the debt either, it's TRILLIONS of dollars now.

There is no way for the country to go on without drastically raising taxes all the way across the board now, in every direction. This is one thing that will definitely trickle down to every level, and I mean every.

Also, Obama and his minions are probably planning to do something drastic to the Medicaid-Medicare programs, because of the debt, Social Security won't be far behind....

By the way, before Senator Shelby spoke to Bernake, some else asked Bernake if in his opinion, people would still be able to RETIRE, and he did not answer the question except with a lot of bull...but he never really answered the question.

reply to post by sezsue


Which makes think that there will be a rush to country side. In my country, farm land remains high, for some reason whereas all other real estate is going down.

I feel tempted to do so: a few acres, our own organic food, working via computers with companies...

pb : I d have to shoot down beggars and raiders every now and them
or then participate to some charity / relief programme to keep them not too hungry/greedy.

In short, back to middle ages.

Originally posted by marg6043
reply to post by sezsue

 

I have been watching the hearings from the beginning and to tell you the truth it looks to me like rehearse show for the peace of mind of the Senate fiancé committee in order to appease the angry population.

When this over and done with, nothing will change and just more tax payer money to be put in the hands of the Fed.

True, what a waste of time, usually. Those hearings are just to appease their consciences and make people think they are trying to do something. Every time I watch one, all I can think is HYPOCRITES!

I watched when Leman Bros, exec was up there testifying, Richard Fuld....OH MY GOSH....I was suprised more people didn't punch him out like that one guy did.

He was so, "Well, what about it", and most of our great elected officials didn't even break a sweat!