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Originally posted by CeltAngel
Scary stuff indeed. There's a reason I pulled out of the market at 13,000. What's even scarier is the people that think this is temporary and everything will go back to normal very soon.
Originally posted by marg6043
The only thing that the markets are showing right now is that the health of our economy is beyond recovery right now.
Originally posted by TheRealDonPedros
reply to post by teklordz
What's an even scarier thought is if intelligence is present....
If that's the case, then its scarier than worrying about a bottom and when the markets going to recover.
Originally posted by sos37
Get out? No way, I'm investing right now, following Warren Buffet's advice. This will turn around - it's just a matter of when.
Originally posted by 44soulslayer
reply to post by solidshot
China will emerge the worst loser from the global collapse. The US debt they own will be worthless.
After the collapse of the entire system, the USA will get off scot free, and will be back to the old ways of dollar hegemony.
The ledgers are going to get burnt during this depression. Undoubtedly.
retired Adm. Dennis Blair, testified before the Senate Intelligence Committee. He warned that the deepening economic crisis posed perhaps our gravest threat to stability and national security. It could trigger, he said, a return to the "violent extremism" of the 1920s and 1930s.
It turns out that Wall Street, rather than Islamic jihad, has produced our most dangerous terrorists. We will see accelerated plant and retail closures, inflation, an epidemic of bankruptcies, new rounds of foreclosures, bread lines, unemployment surpassing the levels of the Great Depression and, as Blair fears, social upheaval.
Originally posted by teklordz
I agree. Intelligence is not present in goverment interventions concering the economy. If we had intelligent people in goverment, americans and others would not suffer so much. They are playing a dangerous game and we already passed the point of no return.
Stocks fell across the board, with the beleaguere banking sector posting some of the steepest losses. Shares of Citigroup Inc., still shaky despite receiving billions in government aid, at times sank below $1. General Motors, meanwhile, dropped below $2 as it warned of possible bankruptcy.
Couldn't disagree with you more, under Ron Pauls "Do nothing let the markets decide whats toxic or not" attitude the markets would be much lower than they are today.
Originally posted by princeofpeace
Im not sweating it. The dow goes up, the dow goes down. Always has. We will get through this financial mess. I personally blame the media. I know TONS of folks who have money to spend but they tell me they are scared to because of what they see on TV and them beign scared to spend money makes the crisis worse.