The Dow closes today at 11,383.68 with a drop of -512.76 points

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posted on Aug, 4 2011 @ 05:00 PM
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Originally posted by TreX-UK
reply to post by StalkingGoogle
 


Because pretty much all countries use Fractional Reserve Banking

want to tear that down over night and im going to go to work the next day for what reason? (btw i work in IT for a Insurance corp)...i aient got a job if that happens

You gonna feed me bro?
edit on 4-8-2011 by TreX-UK because: (no reason given)


You answer your own question. You have an utterly useless job, you're already a perpetual drain on the economy (not the monetary economy, the real economy, the system of production and distribution that keeps you alive). Ninety-five percent of all jobs are just as useless as yours. The monetary system is the most onerous burden humanity has ever endured. If we abandoned it today we'd see nothing but immediate and sustained benefits just in terms of the currently wasted resources being used to create money, count money, distribute money, collect money, store money and protect money (and that's just the short list). Machines do over 99% of the work that feeds us all, that gives us shelter, that manufactures every tool and toy we use. Where human beings are still being exploited to produce things, it is only because of the voodoo mantra of "protecting jobs". We shouldn't be "protecting jobs", we should be producing the highest standard of living possible for all, not playing some bull# Monopoly game where the ultimate goal is to do no work and get an unlimited supply of money, in other words to be a parasite. Don't worry, if you don't want to work there are plenty of us out here (as well as lots of machines to do the actual work) who will take care of you. That's what human beings do, they take care of each other, unless they're trained to be cutthroat and grasping. The Earth is abundant with resources, there's more than enough for us all. What there's never enough of for all is money, it's a contrived game that's designed that way. It's designed to produce things like planned obsolescence, like wage slavery, it's a system of control and nothing more, a way for the feudal lords of old to maintain their choke hold on us all while producing the illusion that we're all free. Please stop trying to shove your delusions down my throat, I'm tired of living like this.




posted on Aug, 4 2011 @ 05:02 PM
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Get a clue,USA!
bring home all the troops from these false wars
that are just filling the pockets of the rich contractors.
Inturn,focus that money into the public domain,the infrastructure.
Employ those troops with what is needed to improve the US,
not other countries.
So,so ,so corrupt our US government.

I live right down the road from Fort Knox,our big gold reserve here in the US.
I bet you one silver bar that there is nothing there anymore.
edit on 4-8-2011 by kdog1982 because: (no reason given)


It's like me going over to my neighbors yard to help him fix his yard up,pay for things to help him with it,
but my yard grows into a jungle and unmanageable.
edit on 4-8-2011 by kdog1982 because: (no reason given)



posted on Aug, 4 2011 @ 05:06 PM
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Originally posted by OuttaTime
reply to post by StalkingGoogle
 


We know the transparency of the fiat monetary system and how retarded it is.


It isn't just "fiat money" that's the problem, it's all forms of money, and all forms of competitive trade for differential advantage. The goal of all those systems is to acquire as much as possible while giving back as little as possible. In other words the ultimate goal of all these systems is to be a parasite. Our culture teaches us to revere these parasites, these "captains of industry" who do nothing but wield their money broadswords to get everything they want without ever producing anything, enslaving people and pretending that enslavement is a benefit, professional sports players, professional musicians, bankers, lawyers, all these people who produce nothing yet enjoy every benefit this so-called civilization can possibly provide for them. It's pathetic and sad, and even a young child (not reared in and trained to accept this system) is wise enough to see the foolishness it all represents. Competitive systems and games are always wasteful and will never outperform cooperation. Trade for differential advantage is vile and wasteful. Abandoning the monetary system and replacing it with nothing would show us nothing but immediate and sustained benefits.



posted on Aug, 4 2011 @ 05:09 PM
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Originally posted by SnakeShot
I'm wondering why the dollar went up 1.86% ?


Other countries have begun depreciating their currencies, resulting in forceful manipulation that will send ripples accross the global economy. One of those is to devalue against one currency is to appreciate another. In this case the USD is appreciating as compared to depreciating currencies. Couple that with a massive sell off in equities, I'm surprised the USD didn't rise higher.



posted on Aug, 4 2011 @ 05:09 PM
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I've been saying for a while now, I'm having deja vu to 2008. Today is vindication for my beliefs.

The Ponzi that is the world financial system is showing cracks. Interesting times ahead.



posted on Aug, 4 2011 @ 05:13 PM
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Either that, or it's just profit taking, and the market will be back up near 13K by years end.



posted on Aug, 4 2011 @ 05:15 PM
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reply to post by TreX-UK
 


Well a one world currency would still mean all power would have to be concentrated and controlled from one place only - and that aspect would be widely rejected by many countries who would feel they might lose their sovereignty. This was already tried and now look at the European Union - its imploding.
edit on 4-8-2011 by CasiusIgnoranze because: .



posted on Aug, 4 2011 @ 05:16 PM
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reply to post by StalkingGoogle
 


Well I wouldn't go as far to say my job is useless...not in a techlogical society anyways....

a job is a job it pays the bills..."Don't hate the player hate the game" comes to mind i added that it was a Insurance company and i work in London City, so i get to hear things and get to gauge the place if you know what i mean, and today was one of there worst ive seen in a while!

And i share your views thou maybe im a bit more realistic of the my understanding of the world, Humans are greedy Money is our symbolism, of that, its why most people get up every morning and get on pack trains or start up vans at god forsaken times...to pay for there life style

Problem is if we get to that "Utopian Place"..... people will get greedy again and start wanting what the others got

even if the whole worlds population could do 3-4 hour work shifts you would still get some that wouldn't want it that way.

You see what im getting at?



posted on Aug, 4 2011 @ 05:16 PM
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Originally posted by Hillbilly123069

Originally posted by topdog30
This is exactly why I don’t (speculate) with stocks. This is not investing, it’s called gambling!! I wish I could speak with some of you that have your money/ retirement fund (401k) in stocks. There is a better way to invest your money and while having it secured.

Good luck with your stocks.

Its only gambling if you don't know the outcome. I read a market watch report from late April stating our credit rating had just been lowered. The fix was in.
My stepbrother lost over 750k from his 401k in 2008.
edit on 4-8-2011 by Hillbilly123069 because: (no reason given)



WOW!!!

That sucks!! Sorry to hear about their loss. Those are the people I’m trying to reach about getting their money out of stocks and becoming a private lender. I have many private lenders that once had their money in a 401k or the stock market. Lately I’ve been contacted by foreign investors looking to get out of stocks.



posted on Aug, 4 2011 @ 05:20 PM
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reply to post by CasiusIgnoranze
 


Right on the money (I should work for The Sun me
)

Shame that tho funny thing is we all live on this planet called earth, All got the same insides, bit different on the outside but that will be gone in 200 years

just need to go find that alien race we can try and pick on cause they will be WAYYYYYY more different then us


but sorry i Digress, so easy to though with this money thing cause its all got the same root cause and same ending really



posted on Aug, 4 2011 @ 05:24 PM
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reply to post by StalkingGoogle
 


I agree. Money, even though it is illusional, is still the grease that gets squirted on everything. Anyone these days knows the 'throw money at it until it works' mentality we're indoctrinated into. The financial industry is full to the brim with over-achievers and greedy people. I'm not religous at all, yet I still go by the addage, 'the love of money is the root of all evil'. Exchanging goods for goods, and services for services has been a much more stable system than the monetary one, but what we see is every opportunity for some hack to make a nickel on someone elses' misfortune. Money has created a toxic social structure that has been poisoning this planet even back in Mesopotamia. When we can, as a planet and a species, learn to rid orselves of the credit card mentality, then we can evolve. Maintaining our species should not be about subserviant labor and power struggles, but in the genuine concern of nurturing and sustaining our experience while we, and our children, are here.
Stock markets are a useful tool for our own infrastructure, but since it is a clearinghouse for currency manipulation, credit dreivatives, MBS scams, pyramid schemes, and every other SEC loophole, it will soak in its' own filth until we decide to empty it and start over.



posted on Aug, 4 2011 @ 05:26 PM
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reply to post by StalkingGoogle
 


Also one more thing, Yes Lots of Job types and Jobs would be lost 10's if not 100's of millions Basicly the Whole Service Industry could be shut down,

But one world behind one project...Space..that would create a lot of jobs. Big place



posted on Aug, 4 2011 @ 05:26 PM
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Watch out for Monday , 0808 .
Line 2



posted on Aug, 4 2011 @ 05:33 PM
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reply to post by TreX-UK
 


Of course you wouldn't say your job is useless, because that's how you get your money, and spending money is about the only way you can convince the producers of society to take care of your every need and want. You can be sure your job is utterly useless, though. You produce nothing, everything you have was produced by other people, every scrap of food that goes in your mouth, the shelter you enjoy, the clothing, every tool and toy you've ever had in your hand, all made by others, but mainly produced by machines. Technological unemployment is a reality and it's only going to increase, unless civilization collapses and we collectively lose our technology.

It always amazes me when people try to defend their jobs. Even when you try to tell them, look, you could have the exact lifestyle you enjoy without doing your job, your job doesn't afford anyone anything, you produce nothing, you can continue being a parasite except without the useless busywork, and STILL they defend their job. It's testament to the effectiveness of the social conditioning that has the vast majority of people convinced that they "support themselves" by standing behind a counter collecting money all day or fiddling on a keyboard of a computer basically jerking off.

We don't need this stupid system to have technology, to have food, to have shelter, to have clothing, and this retarded system only gets in the way of everyone having what they want and need.



posted on Aug, 4 2011 @ 05:36 PM
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Originally posted by OuttaTime
reply to post by StalkingGoogle
 


I agree. Money, even though it is illusional, is still the grease that gets squirted on everything.


I'm afraid you're quite delusional, and no productive discussion can occur with you until you're disabused of your insanity. Money is nothing like a "grease" that makes things run more smoothly. If you want to use an analogy like this, call it sand. If you throw sand into machinery it'll slow it down and most likely cause a lot of noise and vibration and eventually tear everything to #. That's what money does. It doesn't help anything, it impedes everything. The monetary system is nothing but an onerous and wasteful burden that we'd all be better off without.



posted on Aug, 4 2011 @ 05:37 PM
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By the way, is there a break between 3:00-3:15 ? I am not aware of it. NASDAQ also seem to have this. The lower graph represents the volume of traded shares - zero for the 3:00-3:15. Source: yahoo finances.




edit on 4-8-2011 by Romanian because: (no reason given)



posted on Aug, 4 2011 @ 05:41 PM
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Originally posted by StalkingGoogle

Originally posted by OuttaTime
reply to post by StalkingGoogle
 


I agree. Money, even though it is illusional, is still the grease that gets squirted on everything.


I'm afraid you're quite delusional, and no productive discussion can occur with you until you're disabused of your insanity. Money is nothing like a "grease" that makes things run more smoothly. If you want to use an analogy like this, call it sand. If you throw sand into machinery it'll slow it down and most likely cause a lot of noise and vibration and eventually tear everything to #. That's what money does. It doesn't help anything, it impedes everything. The monetary system is nothing but an onerous and wasteful burden that we'd all be better off without.


The context of that analogy is implied to the current system. Did you read the rest of the reply? I'll wait.....

And when you need a tooth pulled, or need gas or food, try throwing sand at it
edit on 4-8-2011 by OuttaTime because: (no reason given)



posted on Aug, 4 2011 @ 05:42 PM
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reply to post by StalkingGoogle
 


Ahhh Should Land

I agree with you that the system stinks,but I'll always defend my job.I got laid off around last christmas and have been doing sidework to pay my bills since then.The system sucks but we all need to eat,so I'll defend my job until I die,because the only choice I have is to work for a living.

Back on topic...

I don't know much about stocks,but I do know this is scary news.I do think this is going to be much worse than 2008,not trying to fear monger,but what happens if a bunch of big companies/banks fail again,I don't think we can do the misguided bail-out plan again.
edit on 4-8-2011 by KaiserSouszay because: (no reason given)



posted on Aug, 4 2011 @ 05:49 PM
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This may be a result of all the world-wide budget cutting and austerity that has been going on for the last few years. Remember they tried austerity in 1937 and it backfired and restarted the depression.

The economy is devoid of macro demand; when you starve the middle class like they are doing worldwide with the obsession with debt and deficits you decrease demand therefore businesses don’t have any customers, and when they don’t have customers they don’t hire.



posted on Aug, 4 2011 @ 05:51 PM
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reply to post by StalkingGoogle
 


I'm on the same side of the fence as you, I share the same views

But could you do my job?

Could the guy who built the tool the Rocket Engineer used to build the rocket do he job him self?

You would still need to have a Specialised Industry you cant have Technology with out it...or do you want us to go back to the dark ages where we are all farmers?

Guaranteed the work force in some Industry's would become smaller but at the same time it would becoming better as the people in it are more skilled and with products made to the best Quality by ACME and toppled with automation efficiency would be though the roof

Half the jobs that exist today didn't exist 50 years ago...the same will be said in 50 years about the next

as i said Space is our Final goal ...real big place will need lots of Scientists Lots of Teachers

Consumerism has been shoved down our throat but that isn't the root cause its just playing on it

We are still animals we still lust, steel, kill and money is all of those things its just more civil that way

Take Most Sport... what is it really? just competitiveness on the Professional level basic human desire to be top dog be the best have the most. Money..Sport it applies to everything WANT MORE

and that's not been breed into us with 150 years of media
edit on 4-8-2011 by TreX-UK because: (no reason given)





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