Originally posted by GoalPoster
Inching toward the 9700 mark as we speak . . . it was steady around 9800-9850 for most of the day so far but it is clearly sagging . . .

The only silver linings I can see in this is, oil prices are dropping and the dollar is strengthening.

When the government spend some of the money hopefully people began to spend their capital and maybe the Dow will shoot up.

Another problem is big government. Bush and congress has us 10 trillion dollars in the hole.

This means Bush and Congress didn't pay for anything. They borrowed and spent us into oblivion. It's like buying up Best Buy with your credit card and then spending through your savings.

Bush gave out 12 Veto's vs. Reagan 78 and even Clinton with 37.

Bush borrowed more money from foreign countries then the 42 Presidents combined in his first 4 years according to the Treasury Department.

So lost in this blame game is Washington's role in all of this.

Originally posted by sty
THE REAL QUESTION IS :Who is behind this all? Who will benefit? is this the pretext for a golbal domination?
In my country ( Romania ) we also had a drop of 10 % in one of the centers..

so my question again - who is behind this?

Interesting thing. Late last week, I started reading Jim Marrs' RULE BY SECRECY. I know, I'm a little late to the game. But the great thing about reading a good (at least in my opinion) conspiracy book that was published pre-9/11 is being able to see certain things in the long-term, and certain predictions come to pass.

Marrs makes a very credible case that the world financial markets (as well as the world as a whole) is fully run by groups like the Bilderbergs, the Trilateral Commission, and the Center For Foreign Relations. These three groups all draw direct or indirect ties to the Freemasons, secret societies like Skull & Bones, and old school groups like the Illuminati. Now I know all of these groups have been conspiracy bait for ages and the theories about them have been publically discredited for nearly as long. Marrs shows exactly HOW these groups run the world, both financial as well as political. Their direct aim is a one world government ruled by their select elite.

I'm only halfway through the book right now (I read a chapter or two before I fall asleep) but I've found many of the parallels to this current financial crisis to be chilling. So to ansnwer your question as to 'who,' I think it's clear. It's the 'why' that bothers me. This is all being heavily, heavily manipulated. And this isn't some long-term plan in motion... well, it is, but this current situation leads me to believe that we are close to an end-game. To what lengths are these groups willing to go to achieve their goals and are they resorting to a 'slash and burn' approach?

There is only one glimmer of hope here. As one who believes in far-reaching global conspiracies, could this worldwide market crash actually be the result of forces acting AGAINST these secretive organizations? Could this be an attempt to cripple the financial giants in order to restore economic and political power back to the people? Could this be a way for us to finally get rid of the Federal Reserve system? I would love it if this were the true reasoning for what we are seeing. At any rate, we the public... even the informed public who actually pay attention to things... are only seeing the very tip of the iceberg. There is so very much going un under the surface that we'll probably never get a look at. As they say, history is written by the victors... and even then, only the parts they want known.


[edit on 10/6/08 by larphillips]

Wow...2:18 est time and the DOW is down 675.17pts, and currently at 9,649.59. How long is it going to take for that $700 Billion Bailout to affect our economy anyway? I'm so glad we have competent politicians running our country.

Hitler was a brilliant man (minus the whole Holocaust thing). He brought Germany out of a depression before going bat sh*t crazy...

Dow is down 730 points now

Originally posted by Wise Dome
Again, your not making sense.

Why should we give them 700B when there's capital available?

The problem isn't capital it's bad assets. We blinked first and gave away the farm.

These statements alone are showing me you don't understand the basic things Im saying to you. When you repeatedly go "its not a problem of capital, but bad assets" when I continue to say that, you obviously fail in the reading comprehension sector.

I can't continue to argue with you when you don't even understand what I am saying.

The bailout didn't do anything but freeze the market.

People are not spending their capital if there's 700B out there. This is a FREEZE because we are covering the losses of companies with this nonsense.

Originally posted by Wise Dome
The bailout didn't do anything but freeze the market.

People are not spending their capital if there's 700B out there. This is a FREEZE because we are covering the losses of companies with this nonsense.

We are not covering loses. We are buying those assets at a discounted rate. Those banks will still have loses. The governent isnt paying full price, or as you like to think three to four times full price, for those assests.

Originally posted by Wise Dome
The bailout didn't do anything but freeze the market.

People are not spending their capital if there's 700B out there. This is a FREEZE because we are covering the losses of companies with this nonsense.

The epic failure of logic in this statement is simply staggering.

First, the 700 billion isn't "out there", its a promise of 700 billion dollars to buy up assets. There is a freeze...because we are covering companies losses? Do you even read what you write?

The banks freeze up because they have these bad assets...then you say they are freezing up because we are going to take those bad assets off their hands? Honestly, are you really reading what you write?

[edit on 6-10-2008 by tide88]