It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by JJDoggie84
reply to post by Feltrick
This is a pretty big two day crash, it's over 700pts (about 7~8%)... To say not to panic when the markets are panicking is kinda silly, don't ya think?
Originally posted by marg6043
The only ones that should panic is anybody that have pension funds and retirement accounts, because that is one of the things that this so call "crash" is going to target, Bernanke is also after those type of investments.
Everybody talks about Greek path to slavery, with austerity, unemployment and poverty that is what we in the US has been on for the last 10 years, but stimulus into the economy keeps the people from realizing the truth.
People needs to realized that the Markets is the biggest ponzi scheme of all times.
Originally posted by simone50m
reply to post by Julie Washington
I have what I'm pretty sure is an ignorant question (I'm not being mean to myself, I'm just truly sincere) When you say retirement accounts, do you mean private ones that individuals had built up, or do you mean Social Security such as my parent lives on? Thanks.edit on 22-9-2011 by simone50m because: x
The governments under Reagan, Bush, Clinton, and enormously under the recent Bush stole your money.
Originally posted by Shenon
There are Theory´s why Gold (and to a certain extend other PM´s) are dropping this fast. One is that Investors are fleeing Banks ,forcing those to sell their Gold to raise Capital (which works in the short Term).
There are others,but this seems the most plausible. If i had the Money,i would buy Gold and Silver now,because i´m pretty sure that as soon as Banks are out of Capital (and out of Gold),they will crash and Gold will rise stronger and faster then before...
You have to take into Account that the latest Move by the Fed could very well have been only the first Step to force another round of QE. Before Markets crash completely,the FED may as well switch on the Printing Presses,this time in Hyperspeed. But i somehow doubt they are intelligent enough to create such a Scenario...who knows
Edit: And as Vitch said above. Other than selling Gold,Banks don´t have any Options left in how to raise Capital,because Bernanke killed that with the Twist yesterday...
Don´t take this Post as any sort of Trading Advice.edit on 22-9-2011 by Shenon because: (no reason given)