posted on Nov, 14 2012 @ 09:14 AM
Originally posted by darkhorserider
reply to post by litterbaux
It's down over 500 points now since the election, and there isn't any good news on the horizon to arrest the fall. The Christmas sales are flat so
far. We'll have to wait and see what Black Friday looks like, but if it doesn't get the retailers into the Black, then the market will continue to
freefall all the way through the new year, where new taxes kick into effect.
I fully expect this crash to be worse than 2008. This is the double-dip everyone was watching for, and it is finally here.
you bring up a very key point to this equation and that is, consumer spending, or better known as consumer debt creation. our entire economy worldwide
is based on debt, people buy things and most go into debt to do it. those who create the funny money real in the dough for doing nothing but issuing
debt. trouble is people are in up to their asses in debt and have little money left to buy anything.
most have no jobs or the unemployment has run out, their savings have been turned to jelly filled dreams and they have had enough of being lied to and
stepped on. none of this bodes well for the Keynesian model we live by. they always knew it wasn't infinite and now it's coming to a close because
all they now can do, is print more funny money to keep the ponzi scheme going.
while that seems like an endless plan, keep in mind the more money they print the less the money you have is worth. this is where we stand now, the
cliff of worthless money and equally worthless debt garnered by corrupt politicians and corrupt global bankers.
there is no fix coming for anyone hoping for that pipe dream. the only thing that will happen is complete collapse of the fake scam we call the
there can be only one fix and that's to start over with a system that is not debt based. i don't think it matters who says what these days, from the
EU to the US to all countries, they are all Keynesian based/ debt based systems made possible by the greed of man through interest charged for nothing