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BREAKING: Another Great Depression is OFFICIALLY upon us!

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posted on Jul, 6 2010 @ 12:25 AM
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The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.

“Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that developed before the Depression in 1929, then with the recovery in 1930 we had another head and shoulders pattern that preceded a fall in the market, and in the current Dow situation we see an exact repeat of that environment,” Guppy said.


www.cnbc.com...

I just read this and thought "Oh wow.. first the corn crops, now this?"
Although it may seem that the patterns are repeating, when do you think it'll happen?




posted on Jul, 6 2010 @ 12:38 AM
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Originally posted by bestideayet
when do you think it'll happen?

I think it's gonna be a very nasty hot summer
for everyone.



posted on Jul, 6 2010 @ 12:39 AM
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Tell me when you start eating lard sandwiches and hitching a horse to your car. *THEN* I'll be concerned for you.



posted on Jul, 6 2010 @ 12:48 AM
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Originally posted by Aeons
Tell me when you start eating lard sandwiches and hitching a horse to your car. *THEN* I'll be concerned for you.

lmao
I live in the south
we do that now !!!!
hahahaha



posted on Jul, 6 2010 @ 01:08 AM
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I ride a 128mpg motorized bike because I can't afford my car no more.

Does that count?


[edit on 6-7-2010 by Chakotay]



posted on Jul, 6 2010 @ 02:02 AM
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I sure hope that it doesn't happen. I have wondering how the economy would hold up ever since the oil disaster started. Just think of how many peoples retirements are wrapped up in the stock market. All we can do now is get prepared for it, just in case.



posted on Jul, 6 2010 @ 02:26 AM
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Yeppers, it’s a comin it wont be official till even after the markets totally crash but yep they have kept the crash away by printing cash overtime.
I also as another above poster has stated have a battery powered bike for short trips, I almost never make long trips as I am learning to hate cars.
If nobody is prepared yet, you better start to do it. This could get violent but I more just see a lot of hunger so I imagine they will have a great guns for food project!
Just remember to spend all of your ammo before spending the guns.



posted on Jul, 6 2010 @ 02:40 AM
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Originally posted by g146541

Just remember to spend all of your ammo before spending the guns.
One day this will be my signature. If that's ok with you.



posted on Jul, 6 2010 @ 02:45 AM
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reply to post by bestideayet
 


This is brilliant news. All my life I've suffered under class warfare and exploitation by an economic elite. To see at least half the middle class knocked down to my socio-economic rung of subsistence level existence with no hope for the future makes my life worth living.




posted on Jul, 6 2010 @ 02:49 AM
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I have been working on the premise that the elite will kick start a major conflict prior to any next crash... since any next crash is gonna get a *expletive* from the world populations as to what the *expletive" the elite have been upto with all that cash they've been printing.

So IMHO *IF* the elite allowed the system to crash again it'll be their necks on the line from there own populations...

So my thoughts are they'll create an external conflict to divert attention, it'd have to be major so they can enact emergency war meassures to secure their, whoops, I mean our economic future.

If they don't, then they can kiss their butts goodbye..

I had hoped some form of new tech or wealth creation would have kicked in by now, but IMHO the elite have left it to long if that is their intention.

Not to mention what happens to the world if it crashed..

How would Gaza get aid? and then what happens to the Gazan's when they really start to starve?

Can China continue to give aid to North Korea if it no longer can sell to Western consumers, I hear North Korea is borderline starving at the moment as it is!

If we crash, how long before the tens of millions of starving people who have been made reliant on handouts start to migrate...

Either way it feels like the world is stuffed...

Edit silly typos


[edit on 6/7/10 by thoughtsfull]



posted on Jul, 6 2010 @ 03:18 AM
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You only have to worry if you HAVE any money to lose in the first place.

Losing the lot can be quite liberating and opens your eyes up to a lot of things.

Could be good when the sheeple have no tv or other gadgets to distract them from the truth.

What you 'need' is very cheap compared to what you 'want'. something to think about?



posted on Jul, 7 2010 @ 12:40 AM
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Originally posted by Aeons
Tell me when you start eating lard sandwiches and hitching a horse to your car. *THEN* I'll be concerned for you.


Tell me when those in the 1st great depression weren't up to their eyeballs in debt? If you could rack up $40k+ in debt on a single charge card don't you think there would have been enough lard for all? Your apparent lack of ability to see the glaring differences between today and the 1930's is astounding.

PEOPLE DID NOT HAVE CREDIT IN THE 30's! More importantly, consumer spending did not account for 70% of GDP in the 30's.

We live in a debt driven wonderland that tells us everything is ok, but it is not.

After all, America is the only country I know of where there are fat poor people.



posted on Jul, 7 2010 @ 12:51 AM
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Glad this post is here. I was thinking about this post for past day or 2. What i was taught, was the great depression in the 30's, was caused by people overspending. Atleast what people would talk about. As for what really happened, i read it once recently and forgot.
I dunnoif another depression is on its way..unless i dunno the builderberg, our governemnt DO in fact wanna crash the american way of freedom and life, sell itself out for globaliztion, where corporations will take over, and use us citizens as cheap labor, just like a 3rd world country* It kinda makes sense, because the only places getting bailouts or help of any kind for tha matter....CEOS's, Recently Dubais, who has NOTHING to do with our way of life, and fat piggy bank bankers. the ones who have been caught in sex scandals, spedning and laundering money where they legally knew they wernt suposed too..all got the fat riches.
we, the taxpayers have done all we are supposed to do, and have gotten squat......not even a middle finger form the FED. so you tell me then......what does it all mean




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