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Stocks Stomped in Financial Freefall

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posted on Oct, 9 2008 @ 04:02 PM
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reply to post by infinite
 



There are ways it could be done in an orderly fashion. No one wants to hear that though, because it causes them to have to leave their comfort zone of the status quo.

I look at it as delaying the inevitable.

Maybe by the time it actually does come crashing down, it will send us back to the 12th century?

The sickening part, I say again, is that this was deliberate. Who gains the most from us being dependant on the financial institutions?

I hope Woodrow Wilson is pleased with himself, wherever he is. I know his banker buddies are.




posted on Oct, 9 2008 @ 04:04 PM
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reply to post by dariousg
 


You know, the one that the congress initially did not pass DIDN'T have that pork in it? The pork was ADDED to get the bill passed. Initially there wasn't any pork. So yeah, welcome to Washington D.C.



posted on Oct, 9 2008 @ 04:06 PM
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Originally posted by infinite

Originally posted by Telafree
What are 'Circuit Breakers'?


Electronic system that halts trading when the market drops -10% (crash)
It isnt that simple actually. They may halt trading at a 10% drop, but it may only be halted for a half hour. However a 30% drop trading would be halted for the day.
Circuit Breakers
Anyway you look at it, this is a nightmare. I do believe however the bailout/rescue plan will work. Of course I am a optimist which is few and far between on this board.



posted on Oct, 9 2008 @ 04:07 PM
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Originally posted by infinite
reply to post by The Axeman
 


Don't bailout the banking sector and we are back to the 19th Century. I'm not joking either.

The collapse of the Western financial world will occur if we do not deal with the assets and start socialising the banks themselves.

This isnt just the western financial world. This is global! The whole planet is being affected by this. There needs to be a world bailout/rescue plan. Otherwise, we are all screwed.



posted on Oct, 9 2008 @ 04:08 PM
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Grim,

I've been reading you drivel on for days about how the bail out will save us all. This is the Titanic. All they were doing with pushing the bailout is making sure they got all the life boats for themselves while the rest of us went down with the ship.

The problem is greater than just credit. This is about solvency. These banks and companies (GM) are bankrupt! If I owe more than I can make and payback on time then how is borrowing more going to help. In the long run it can't help eventually I have to make some money and pay it back - I can't borrow indefinitely. Someone along the way will simply say no I'm not loaning you anymore money because I don't think you can pay it back. Borrowing and no savings is what got this all going in the first place. Fiat currencies are doomed to fail.

Mark my words the US is headed for bankruptcy. Soon as other countries stop buying our debt its over!


[edit on 9-10-2008 by 2 cents]



posted on Oct, 9 2008 @ 04:08 PM
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reply to post by mrsdudara
 


1987 was a ONE DAY plunge of 22.6%. We have not had a one day drop of even 10%. The situation is definately different than 1987. This is a systematic recession. Without government action, it would turn into a mass panic depression.



posted on Oct, 9 2008 @ 04:11 PM
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reply to post by 2 cents
 


If that is your opinion, fine. Unfortunately, its not based in the world of economics. If you have been reading my posts for days and still don't get it, no reason for me to repeat myself here.



posted on Oct, 9 2008 @ 04:12 PM
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reply to post by tide88
 


That is because, if you look at their posts, they want the system to fail and collapse. Its obvious as day. Of course they will say "the bailout wont work" because its pretty much wishful thinking. Many of them openly call for the desctruction of our system. Its not suprising they say the bailout will fail.



posted on Oct, 9 2008 @ 04:14 PM
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I'd like to read what you ahve to say grim. I haven't been reading your posts for days, specially not about this subject. Please, if you do not mind, please repeat what you've been saying?



posted on Oct, 9 2008 @ 04:14 PM
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Originally posted by lynn112
reply to post by grimreaper797
 


The bailout is not getting rid of the bad assets, it's just transfering them to the backs of the American people. Tell me how exactly it will help when the consumers have no more buying power, when we can no longer afford to buy from these companies that we have bailed out? I'll tell you what will happen, they'll fold, file bankruptcy & we'll be burdened with even more bad debts.
Those bad assests are worth something. And we are getting them at a discount of 30 or 40 cents on the dollar. The govenment has the ability to hold on to those assests till they can sell them. Possibly at a profit. And although it is a burden on the tax payers, it isnt like everyones taxes are being raised so we all have to pay another 5400$ this year. If things going according to plan, not saying they will, we could actually make money off this. At the very least the overall burden to the tax payers will be far less then the 5400 we are on the hook for now. BTW the 5400 is an estimate not sure the real number.



posted on Oct, 9 2008 @ 04:16 PM
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reply to post by grimreaper797
 


Exactly. This is a whole new ball game. This is a slow and steady fall, that has not ever happened before.

There is nothing to compare this to.

How do you judge where the floor is?

I have also heard many say we are headed for bankruptcy.

Define that please. Do you mean we are going to be broke? We already are and have been for a long time. Do you mean the govt. is going to have to file for bankruptcy? Why? They just found $700B that we did not have, to give away.

So, what exactly does bankrupt mean anymore?



posted on Oct, 9 2008 @ 04:18 PM
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The system was made to fail whether I want it to or not!

The way our "fed" has been doing business with banks and companies is fundamentally changing. They are even considering a government stake in the banks! Nationalizing banks! Free market capitalism is gone. Socialism is coming fast. What other changes do they plan to make to save us from the disaster they created?



posted on Oct, 9 2008 @ 04:18 PM
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Originally posted by tide88
Those bad assests are worth something. And we are getting them at a discount of 30 or 40 cents on the dollar. The govenment has the ability to hold on to those assests till they can sell them. Possibly at a profit.


I just love when people gamble with my future and my children's money.



posted on Oct, 9 2008 @ 04:20 PM
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reply to post by 2 cents
 


I highly doubt other countries will stop buying our debt. What happens if we go bankrupt? Would all our debt just be wiped clean? Would we owe nothing to the countries holding our debt? It is not like they could come over here and take any assests the USA holds. I would like to see our 10 trillion dollar debt be wiped clean. Wouldnt that be nice.



posted on Oct, 9 2008 @ 04:21 PM
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Amid the financial crisis people are forgetting that due to this bail and the economic woes our national debt is now a whopping $10 Trillion.

That means that our government is borrowing $1 billion each day and $10 million every minute.



posted on Oct, 9 2008 @ 04:22 PM
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I think everyone gets what you're saying Grim, we just see it differently. We see you saying that we should use a broken system to fix a broken system and hope that the broken fix to the broken system lasts long enough for us to come up with a new system. When in reality they would only use a variation of the same broken system.

And if you want to socialize the banks, as some here want to, you might as well just give all of your money to the government and hope to receive credits to pay for necessities. Because they have shown that they are not above taking as much as they want to prop up a broken system.



posted on Oct, 9 2008 @ 04:22 PM
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reply to post by MorningStar8741
 

Without this rescue plan you nor your children would have a future. This was a last resort. You have no idea how bad it would be right now if this thing was never passed. You think it is bad now.



posted on Oct, 9 2008 @ 04:22 PM
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reply to post by grimreaper797
 


I don't want it to happen, but I think it’s inevitable at this point.

Months ago while all the economists keep going on and on about how strong our economy is, I saw trouble. When they said the market was fine, I pulled out & when they told me that this bailout was needed, all I saw was a market that needed to correct itself. As painful as it will be, it has to happen if we ever want to come out of this mess. It has nothing to do with wanting a depression, it has to do with preparing for what IMO, IS COMING, with or without this bailout.



posted on Oct, 9 2008 @ 04:24 PM
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I don't think that we're near the bottom yet.

Imagine if you're about to retire and your mutual funds that were worth quit a bit more just last week are now at say $150,000.

Do you hang in there or sell while you've got something to sell?

Tomorrow, I think that we might see the markets hold even or go down a bit but on Monday, I think we're going to see the market tank to the point that trading is suspended.

Hold on to your hats because it's going to be a wild ride.



posted on Oct, 9 2008 @ 04:25 PM
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Originally posted by marg6043
Amid the financial crisis people are forgetting that due to this bail and the economic woes our national debt is now a whopping $10 Trillion.

That means that our government is borrowing $1 billion each day and $10 million every minute.

Our debt was at 7 or 8 trillion before the economic woes started. Whats another trillions dollars.



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