Wall Street fears for next Great Depression, page 8
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ATS Members have flagged this thread 24 times


reply posted on 19-3-2008 @ 09:44 PM by amatrine
Ok quik question. Lets say the banks closed down. Would that then make the remainder of what we owe on our home payable on demand?

Can you imagion , if that happened here? Eighty percent or more of the nation kicked out on its butt? They would have to implent matrial law.
As far as depopulation, I can see them having it as a back up , to controll what they forsee comming. Or mabey they will just let us all kill each other, I dont know.

I do know that what we are seeing in our markets, is different than anything in the past. There is nothing in the making for a fix . Oil goes up, food goes up, jobs go out. What is comming in? People talk about, well,
now people will buy our goods. What good has that done for the people of China, or India? They may have the jobs, but its only the few on top that make any money, and the nation is pretty much slave labour. Again, what is going to fix this? I see a crash as immanent. In fact, I see it as already happened. as the government tries to blind us to that fact for as long as they can, to milk out as much as they can before giving us the finger.

What worries me, I am very ill. My husband is the only income earner.
He works in retail. His job will go first. We will loose our home, and then what ? How do we eat? Where do we live? I have food stores saved, medicine , even nicotine even though I no longer smoke, but what good does that do me when I loose my home before things ever become that bad? Do I put this stuff in my backpack?

I am glad some can afford to really prepare. But for a lot of us americans, we cant. We can barley eat. We cant buy the medicine we need now. I do not have the money for extra batteries and food, and with the price rises, I am not eating much now any way.

Any way, I guess what I am saying is it is very bad here. Its gonna get worse. Do I have any answers? No. All I can say is pray, and learn how to dig a water well.

Ama



reply posted on 19-3-2008 @ 11:30 PM by kosmicjack
The video might be here but I can't actually view it.

C-Span

He used to be the head of Goldman Sachs so if anyone would know the game and the players it is Paulson.


reply posted on 20-3-2008 @ 06:51 AM by kosmicjack
reply to post by OBE1



Thanks for posting that! I'm glad someone else recognized the behavior - it was just bizarre from start finish. I am sure there is much behind-the-scenes drama. I read an account where supposedly Bernanke wants to resign but he has to stay put until a replacement is found. Not the greatest source so I won't link it but I will pay close attention.


reply posted on 20-3-2008 @ 09:22 PM by mysticaltheologist
reply to post by DwnitsDwn



Can you back that up with any facts or reference? Just curious how you can make such a statement.



reply posted on 21-3-2008 @ 05:24 AM by orionthehunter
I believe we're less likely to have a financial meltdown.
www.marketwatch.com...

Now we just have to deal with the mess that wasn't fixed already and a possible recession before the economy starts plugging away again. By next year, interest rates going sky high probably will be the talk.
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