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Originally posted by tide88
reply to post by GoalPoster
There are many extremely rich people who have lost millions because of this. This is effecting everyone. Rich or Poor. It is just harder for the poor who do not have savings. Things will turn around. Are you saying the great depression was WWII?
In 1957, a 1,168 page book by Ayn Rand, called Atlas Shrugged, was published. According to one source, Rand was alleged to be a mistress to Philippe Rothschild, who instructed her to write the book in order to show that through the raising of oil prices, then destroying the oil fields and shutting down the coal mines, the Illuminati would take over the world. It also related how they would blow up grain mills, derail trains, bankrupt and destroy their own companies, till they had destroyed the economy of the entire world; and yet, they would be so wealthy, that it would not substantially affect their vast holdings.
Originally posted by savetimerushonline
reply to post by NOTurTypical
thats pretty much bang on the mark of what is occuring!
Originally posted by celticniall
Is it really possible that this is all a planned collapse of the world economies?
I find it difficult to believe that this is part of some agenda for a one world currency, however, it is entirely possible.
I mean, what do you think will happen? The world markets fall 10% today, get suspended, re-open the next day and fall 10% again......and so on until trading is suspended across the globe.
There is mass unemployment, currencies are worthless.........
What then? Is this really a scenario that world governments will let happen? Surely in this type of situation, the world governments would lose all power over the people, thus become worthless.....
..unless that is what is supposed to happen??
Or maybe, this is a massive correction in the world markets to fix years of greed.
It is entirely more likely that the markets will hit a point, stabilize, and begin the long road of recovery...
I don't pretend to know much about the markets, and what goes on, but I do know that I am more than a little concerned.
for now, batten down the hatches, as we are just entering the storm.....
Originally posted by Grumble
Have any of you guys read Atlas Shrugged? It is not even remotely about what you are thinking.
And the markets are not going to tumble down to zero. They are repricing stocks based on new evaluations of companies' worth, given the fact that this "crisis" has forced the revelations of trillions of dollars in phony book assets. Once the markets get through the write downs process, things will proceed as normal, albeit with a hangover we refer to as a recession to work our way through. In the end, the markets are simply about establishing prices based on the best available information, and that information changed suddenly, so they are adjusting.
No one world currency, no WWIII, no rapture, just people moving their money around to maximize returns.
Originally posted by GirlNextDoor
Can I ask what is probably a naive question?
Isn't the stock market kind of a mind-game, in that it will continue to plummet if everyone with any kind of media platform is running around screaming the sky is falling?
Originally posted by nfotech
This isn't about global business and if we go back to "business as usual" the collapse will also return. The name of the game right now is to lie to the public, big time and do whatever it takes to avoid real and binding investigations, audits and prosecutions.