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Originally posted by warpboost
Where do you guys think the bottom is roughly? and when will it get there
How much worse will it get before it really stabilizes or begins to recover?
Originally posted by warpboost
Where do you guys think the bottom is roughly? and when will it get there
How much worse will it get before it really stabilizes or begins to recover?
Originally posted by Republican08
Wow, it's amazing, but what goes up must come down, great old cliche.
Recently the dow has been playing games, were it starts out the first few hours up some large amount, then a few hours before closing time it's down roughly 100 points...
1000 points down since obama got elected, just keeping score, just keeping score.
Originally posted by coven
Really Keeping score well there eh...
6,000+ point loss under Bush
1,000+ point loss under Obama
Originally posted by bpg131313
Originally posted by seb118
It is sad that 20 years after the USSR, the USA will undergo a major disaster. THe USSR turned capitalist with pain, and now the USA will turn socialist by necessity with as much pain or even more.
The best solution is refusing to let it go socialist. Nothing good can come from the US going socialist. The Social Security system is a prime example of just how horrible the system would be if we went socialist. The government would see a huge pile of money for a program and would raid it, placing in there and IOU, and then they'd never be able to put the money back. The day that Social Security fails (it'll happen sooner rather than later) will be an indication to everyone of just how capable socialism is in the hands of our government.
The true solution would have been to let the companies that made all the poor decisions, fail. They should have crumbled. GM, Fannie/Freddie Mac, AIG, Bank of America, Chrysler, J.P. Morgan / Chase, and all the others that made the poor choices. If we'd have let them collapse, we'd already have had people stepping forward purchasing up the bits that were worthwhile and the system would begin moving again. Due to government intervention, we're being dragged through this anyway, but at taxpayer expense. We've put sums of money into these firms that just plain hurt. Sums of money they'll never repay us (plus interest of course) and we'll all be out all of that money because the idiots in government think that shoveling money onto a fire will put the thing out.
We need to imprison all of the people in Washington D.C. responsible for this with life sentences without the possibility of parole for the crime of treason. Doing something intentionally knowing the outcome will lead to the collapse of the United States, is treason. Everyone will walk away free. We'll be left with a collapsed system, and someone will come forward and tell us how they'll solve all of our problems because they are going to take 63% of our paychecks in order to pay for all of these "free" programs we're going to be told we have to use. I hope that person, whomever it is, gets struck by lightning while saying that crap for all the world to see.
Originally posted by warpboost
Where do you guys think the bottom is roughly? and when will it get there
How much worse will it get before it really stabilizes or begins to recover?
Originally posted by bpg131313
Originally posted by seb118
It is sad that 20 years after the USSR, the USA will undergo a major disaster. THe USSR turned capitalist with pain, and now the USA will turn socialist by necessity with as much pain or even more.
The best solution is refusing to let it go socialist.
Originally posted by FlyersFan
So far the overall DOW has come down ~ 200 points MORE UNDER OBAMA then Bush.
And whereas the DOW went to a record high under Bush, it is now obviously much lower under Obama... and it keeps sinking under him.
Originally posted by seb118
Originally posted by bpg131313
Originally posted by seb118
It is sad that 20 years after the USSR, the USA will undergo a major disaster. THe USSR turned capitalist with pain, and now the USA will turn socialist by necessity with as much pain or even more.
The best solution is refusing to let it go socialist.
It s too late. The socialization happened when the banks of every American citizen created heaps of cash out of thin air ( = debt) to loan it to every borrower. That s capital risk activity spreading to the entire American society.
The bankers took your cash to play casino on the Vegas strip.
Originally posted by Anonymous Avatar
How incredibly trivial to keep track of how far the dow falls during which puppet is serving as potus.
Originally posted by lightinthedark33
Originally posted by seb118
Originally posted by bpg131313
Originally posted by seb118
It is sad that 20 years after the USSR, the USA will undergo a major disaster. THe USSR turned capitalist with pain, and now the USA will turn socialist by necessity with as much pain or even more.
The best solution is refusing to let it go socialist.
It s too late. The socialization happened when the banks of every American citizen created heaps of cash out of thin air ( = debt) to loan it to every borrower. That s capital risk activity spreading to the entire American society.
The bankers took your cash to play casino on the Vegas strip.
To take it a step further the rest of the world is merely pretending with us that the dollar has value. When you tihnk about the statement above about creating cash out of thin air (debt) wouldnt that mean the dollar is becoming a form of debt instead of a form of currency.
We are running around trading debt's when we pay for stuff.
[edit on 2-3-2009 by lightinthedark33]
Originally posted by lightinthedark33
Originally posted by warpboost
Where do you guys think the bottom is roughly? and when will it get there
How much worse will it get before it really stabilizes or begins to recover?
I hate to break it to you man but the bottom is the end of USD. We are at the point where we are just delaying the inevitable and recovery will not be an option. More like start over.
It's all being setup for G20 in April when the talk of world currency will occur.