Good luck, I just started a job after 7 months off. Hope all works out for you.

A structure is a structure. The foundations for the structure was made to stand the test of time yet it fails to stand 100 years in the test of Human stupidity. Be on the wayside as the structure falls for if you stand beneath it you will be crushed by its awesome weight.

Let it be a show of fireworks than a monumental loss. You see, we can now start anew.

the graph is accurate but i am no expert to know what it actually means will happen. we will have to wait and see. the fact that its fox news makes it tough to believe as being fully truthful but indeed very interesting.

Does anyone here think that "negative speculation" is contributing to this mess, at all? You think our economy is in shambles because of a few talking heads trying to save face by actually reporting the news, after the fact when it's too little and too late?

This crash has been in the works ever since the Federal Reserve was established. No amount of positive or negative speculation could have prevented this - it is a natural outcome of the system that has been set up, and the creators of this system knew it. Just look at the quotes of former Federal Reserve bankers, they knew that this system is predicated on the existence of debt.

We can not have a working economy without having the majority working as debt slaves. If we pay off all of our debt, then there would be no money in circulation. Shocking, right? There isn't even enough money in circulation to pay off our debt, and this is intentional.

Anyway, in regards to Glen Beck, I am reserving judgment. I don't know much about him. Just recently he has been expressing views that are similar to those of Alex Jones, so I'm slowly gaining respect for him. If nothing else, he has more credibility than any other Fox newscaster.

[edit on 19-2-2009 by Viral]

I think staying positive right now is like seeing the light at the end of the tunnel, realizing it is a TRAIN, and hoping it won't hit you...HOPE ain't getting nothing done!
I'm amazed that some people actually don't see anything wrong, others do, and are relying on GOVERNMENT to protect them or to make it all better.
I truly hope for the best here...but I'm not delusional either. This thing IS like a train and it will run you over if you aren't ready. Our collective positive thinking will not stop it, its downhill without the brakes now.
My prediction is that by Friday of this week, more fuel to this train...watch the sucker's rally in tomorrow's market in the morning, followed by the afternoon frenzy, and subsequent plummet. Say goodbye to 7548, we are going to be setting a new low. Market closes at 7200-7300 tomorrow, 7000 possible by Friday, if not LOWER.
You want POSITIVE???
You POSITIVELY better prepare you and your families for what is coming...What a shame if you are privy to all the warnings on sites like ATS, and do nothing, HOPING for the best. Just my two cents, and that's all I can afford right now.

I started a thread in the first half of January, before Obama got in office, about the massive spending from the Iraq War + the first Bailout and how it is going to bring hyper-inflation. This was before the second bailout

Looking at the situation now... I see one of three things happening....

a) The dollar hyper-inflates and the United States goes into a full blown depression, worse than "The Great Depression." Chaos ensues. And I don't know how you would fix it from here...

b) We adopt a new currency. Maybe an NAU currency, but probably a World Currency since the USD is the World's reserve currency and the tanking of the dollar will impact the global economy pretty heavily (worse than right now).

c) or I guess it could be a combination of both with A happening before B, causing B... but I would think that they would force the change on us before people hit the streets and the entire workforce is depleted.

Glenn Beck, and so many other people who have already said it/ been saying it, are right. You can't pump this much money into the system and expect the dollar to retain any bit of its value. I consider my understanding of our economy and the Fiat Money system pretty bare bones, but even I can see this.

Since it's pretty obvious the dollar is going to die a miserable death, has anyone considered what it will mean for the US? What scenarios are going to play out? How long is it going to take before the dollar hyper-inflates? (I sincerely believe it's a when not if question at this point) I gave you my three possibles and that's really the only way I see this playing out. Someone please tell me I'm wrong (I hope I am)

[edit on 19-2-2009 by ImaNutter]

I was for Obama when he got elected, just because he was slightly better than McCain.

Now I seriously dont know what I was thinking. Obama is bailing out EVERYTHING.

Things fail because whatever it is didnt work. Dont bail it out so one or two things can change. People will find loop holes and get around it again.

The economy is going to fail, be it tomorrow or next year. It is coming and we need to prepare for a massive change in our culture.

Originally posted by ImaNutter
I started a thread in the first half of January, before Obama got in office, about the massive spending from the Iraq War + the first Bailout and how it is going to bring hyper-inflation. This was before the second bailout

Looking at the situation now... I see one of three things happening....

a) The dollar hyper-inflates and the United States goes into a full blown depression, worse than "The Great Depression." Chaos ensues. And I don't know how you would fix it from here...

b) We adopt a new currency. Maybe an NAU currency, but probably a World Currency since the USD is the World's reserve currency and the tanking of the dollar will impact the global economy pretty heavily (worse than right now).

c) or I guess it could be a combination of both with A happening before B, causing B... but I would think that they would force the change on us before people hit the streets and the entire workforce is depleted.

I strongly believe it will be C. People won't accept the massive change over to a whole new economic system (which is a forgone conclusion at this point) without a good deal of suffering first. They know this.

What's really sad is this has to be happening on purpose. They WANT this to happen. They WANT to crash the dollar. There is no mistakes here, no oopsy's. This is all very deliberate for a myriad of reasons that can be discussed indefinitely.

I agree, ProfEmeritus.

First of all, let's try to avoid partisan thrashing. It's starting to look like we're in the midst of an important chapter in history, here, and we can't afford to stand around and strangle one another while the ship is sinking around us. Just as the Great War was renamed to World War I, I wouldn't be surprised if history eventually calls the Great Depression the "American Depression," and the crash of 08/09 the "First World Depression." Anyway, the biased viewpoints on Fox News are no worse than CNN's god-like announcements of who they perceive to be the good guys and bad guys in this mess. I watch both networks anyway... news is news. You gotta take the good with the bad.

So here's my opinion on this mess. It's easy to point at the entire financial system and say that it's all wrong, from the ground up. But the capitalist system that most of the world uses today has brought unprecedented productivity to the Earth, and the rise of a global economy is a major part of that. Yes, I agree that it's broken and needs to be fixed... maybe even a large-scale overhaul. But I wouldn't go calling for socialism just yet.

My perception is that we need more regulation on finances. The banks were practically handing out blank checks a few years ago, and as a result they flooded the system with securities that weren't even remotely secure, and made a profit off of it at the expense of the economy. We've had good regulation in the past, but we were blinded by the "roaring 90's" and I think we just let our guard down. But better regulation is a hindsight that doesn't do us much good right now; it's more of a lesson we need to learn for the future. Right now, the economy is dissolving in a seemingly unstoppable snowball of panic, and what good does economic regulation do us if there's no economy? So what do we do about this snowball of doom?

I'm getting the impression that we are just far too dependent on credit. I'm not talking about "bad consumerism." I mean, we have a financial system that depends on loans. Borrowed money is the lifeblood of the economy, and on a certain level, that's just wrong. I understand that a healthy economy needs to be able to support investments... when you get right down to it, almost everything is an investment. Owning a pet is an investment: Somebody buys a dog because they are betting on a positive experience in the future, even though there is a risk they could be bitten at some point by the dog. Whether you decide to hand some cash to your cousin who's trying to start a small business, or you buy stock in Google because they're showing promise, or you're switching currencies over to the yen because its capital value is going up, the basic idea is the same. But this kind of stuff is exactly what puts the entire world's economy in jeopardy at a time like this. So, where do we draw the line?

I'm no economist... I wish I could see even a faint suggestion of a Holy Grail solution to this problem, but I can't. However, I can't help feeling like something major needs to change in the way we're doing things. Maybe banks should be a purely federal institution. Maybe there shouldn't even BE any banks, and we need to find some other way to put a dollar sign on our trust in one another. Maybe we shouldn't use a 100% fiat currency. Or maybe it's time to redefine our capital system somehow, I don't know. But whatever we need to do, maybe now is the time to do it.

I apologize to an earlier poster who felt i was spreading panic by not offereing a solution. That was not the intention. I could not comment on it because i have litle knowledge of how it works and what the jargon means etc.

But even i could see how shocking the facts were, without even knowing exactly what they meant. Thats why i didnt and havent commented.

I posted it for those who may not understand the scale of this, its visual and easy to comprehend. And a person is more likely to take notice of something if they understand it.