posted on Oct, 25 2005 @ 09:28 PM
Originally posted by dr_strangecraft
1855. We usually fight a major war after recovering from a stock-market crash. Some historians (me, for instance) believe that the US Civil War was
at least partly rooted in the crash that had occured a few years earlier.
That's what I mean by saying it will ruin America. Not destroy America, but ruin it. I think with all the spending going on now, the way funds are
being allocated, if there happens to be a crash of around 50% it will ruin confidence in the markets and investing and in the goverment.
Not to mention wipe out so many families. Then if a war just happens to follow, what's left to invade? N. Korea? Iran? Syria?
So it leads practically to WW3. So far the U.S. has invaded and taken over 2 countries and it's not a world war yet. It's the global war on
The problem now is I think the U.S. is all "war-ed out". So a 50% drop would devestate the economy, the dollar. Foreign investors would run for
the hills on top of that. It would just be a nightmare.
Plus you have to ask, if that is his prediction, what would take a 50% drop in the market? At this point I would have to say something very serious.
Something completely unusual and unexpected.
That's really the question. You have to admit that a 50% drop in a number of major markets would have to mean a collapse of the U.S. in many
aspects. Unless you believe 50% can come from some light or moderately fatal event.
I personal think a 50% move down would require something a lot more extreme in our current time. When the markets move 50% down, you are talking
nearly everyone moving out of the investments. Massive volume.
In fact, the way the markets are currently designed, the market will halt itself after each major decline over a number of days. To get a 50% halving
action you would be looking at a well sustained panic. You are talking...crash...halt/unhalt...crash...halt/unhalt...crash...etc.
Unless he's talking about a slow death. But his predction specifically mentioned October which is known as one of the worst months for the market
during one of the worst quarters.