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History repeats itself . . .

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posted on Oct, 8 2008 @ 09:09 AM
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Great read!!

Prices had been drifting downward since September 3, but generally people where optimistic. Speculators continued to flock to the market. Then, on Monday October 21 prices started to fall quickly. The volume was so great that the ticker fell behind. Investors became fearful. Knowing that prices were falling, but not by how much, they started selling quickly. This caused the collapse to happen faster. Prices stabilized a little on Tuesday and Wednesday, but then on Black Thursday, October 24, everything fell apart again. By this time most major investors had lost confidence in the market. Once enough investors had decided the boom was over, it was over. Partial recovery was achieved on Friday and Saturday when a group of leading bankers stepped in to try to stop the crash. But then on Monday the 28th prices started dropping again. By the end of the day the market had fallen 13%. The next day, Black Tuesday an unprecedented 16.4 million shares changed hands. Stocks fell so much, that at many times during the day no buyers were available at any price


With everyone bantering around, but not willing to admit to, the reality of a looming 'depression', a bit of research was in order. I came across this article . . . scary parallels to what is going on now.




posted on Oct, 8 2008 @ 09:27 AM
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Ya there are some interesting similarities of now and then but the difference now is that there are better efforts to thwart a complete collapse.

But if it spirals even more towards the inevitable, just be prepared for it. That is everyone's best option. Do not wait for it, prepare NOW!

Start stocking up on dry goods, drinking water, fuel, extra clothing and various camping supplies like hunting tools and outdoor cooking items. Buy a propane camping stove, perhaps even an emergency generator with a good supply of fuel to run it. Google survival sites and learn survival tips.

All that may sound extreme...well from my point of view, its better to have it and not need it than it is to need it and not have it, no matter how extreme it may be.

Cheers!!!!



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