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Originally posted by JesterMan
Ummmm...
Today is October 24, 2008. Are you from the future?
Originally posted by stander
Let's see now how suicidal you are, mankind . . . That's what the Chief Operating Officer aka God wants to know.
(Don't worry too much: Jesus is on standby, if things get out of hand. BUT! There are ways to avert Jesus's attention away from the market and let DJI drop all the way down to hell.)
An anticipated washout never materialized on Friday. Stock futures hit limit lows before the opening bell after near-hysteria driven by a sharp drop in foreign stock indexes but it failed to carry over fully to Wall Street.
"When we saw what happened overseas last night, I think everybody got on the bandwagon and said, 'Here's the capitulation,' " Ned Riley, of Riley Asset Management, said on CNBC.
But no capitulation was in sight as stocks hit their lows for the day right after the opening bell.
]Revelation 13:18 (New International Version)
This calls for wisdom. If anyone has insight, let him calculate the number of the beast, for it is man's number. His number is 666.
Originally posted by stander
Today, October 29, 2008, is the golden anniversary of the first market crash out of the three that took place back in October, 1929.
Originally posted by 44soulslayer
reply to post by stander
Please tell me that was satire...
Originally posted by fleabit
Huh, more stupid math. Because we are supposed to believe that powerful groups of men in the past decided our future by the # of letters in the name of a country, or sneak symbols into everyday business logos. Because if you are a super-secret organization, this is very importanly!! Apparently....
Well, that's true, but at the same time it isn't. When the Great Depression started, the USA was using the Gold Standard to manage its money supply. That's why the government couldn't respond to the fact that money was disappearing from the banks to reappear under the mattresses that belonged to plenty of folks who distrusted the banks. In other words, the government couldn't print the necessary amount of money withdrawn from the banks and loan it to the depository institution to keep them in business, because the Gold Standard regulations stood in the way of doing so.
Originally posted by freakyty
Wow numerology.
Did you know there are only 10 digits, and trillions of things happen every day?
Think about it. There are only 30 days in a month and 7 days in a week.
GEE No wonder there are so many coincidences!
Once unity is achieved, Earth will be classified as a level 1 civilization (global society). At this point we will become a member of the galactic society. Right now we are still considered to be in a tribal stage of development (type 0 civilization), because we still have countries (large tribes) and religions (tribes within tribes).
Originally posted by Rockpuck
reply to post by stander
Stander stander stander....
Well, that's true, but at the same time it isn't. When the Great Depression started, the USA was using the Gold Standard to manage its money supply. That's why the government couldn't respond to the fact that money was disappearing from the banks to reappear under the mattresses that belonged to plenty of folks who distrusted the banks. In other words, the government couldn't print the necessary amount of money withdrawn from the banks and loan it to the depository institution to keep them in business, because the Gold Standard regulations stood in the way of doing so.
FALSE
With the Gold Standard you peg your currency to the metal, which will inflate or deflate in price depending on demand. Exact same way currencies fluctuate now, only now they are pegged to, for the most part, GDP. Or basically, the countries PRODUCTION.
Per OZ of Gold the Government could print however many bills they wanted. Just because you have a Dollar does not mean you can redeem that for an OZ of Gold, it meant that with enough Dollars you could get an oz of gold. Which you still can to this day .. just not at a bank.
But to think that just because your on the Gold Standard the Gov cannot print off as many bills as it wants, that would be ignorant. I would advise studying the multitude of recessions and depressions in our history BEFORE the 1929 crash, and you will see hyper inflation, deflation etc etc .. all on the Gold Standard.
Hoarding Money
People hoard money because they have a liquidity preference. I.e., people want to have their assets in a readily convertible form, such as money. There are several misconceptions about hoarding money. First hoarding is not the same thing as saving. If I put my money into a savings account, that money is lent out to someone else who then spends it. Second, hoarding, by itself, cannot cause a recession or depression. As long as prices and wages drop instantly to reflect the lower amount of money in the economy, then hoarding causes no problems. Indeed, hoarding can even be seen as beneficial to those who don't hoard, since their money will be able to buy more goods as a result of the lower prices.
If a country has a gold standard, then hoarding money can make the money supply drop dramatically since a gold standard makes the quantity of money difficult for the government to control.
The Gold Standard
At the time of the Great Depression,America had a 100% gold standard for its money. This meant that all cash was backed by a government promise to redeem it in a specific amount of gold (at the time, one ounce of gold was redeemable for twenty dollars). Because the amount of money circulating in the economy is wholly dependent on the amount of gold available, the money supply is very rigid. If people start to hoard money (see above) the money supply can drop drastically. As noted in the previous section on hoarding, this is not a problem as long as prices and wages drop instantly to reflect the lower amount of money circulating.
Hall and Ferguson write:
The existence of the gold standard linked economic conditions across countries to a much greater extent than is currently the case, and it is because of this linkage that the Depression was a worldwide event.
and:
Except for minor adjustments, and the temporary suspensions of gold payments during wartimes, the price of gold was held standard from the establishment of the new United States of America in 1791 until gold was revalued in 1933.
In "Gold Standards and the Real Bills Doctrine in U.S. Monetary Policy" (PDF), professor Richard Timberlake argues that the gold standard was not responsible for the Great Depression, since the Federal Reserve had not been following a strict gold standard prior to the onset of the Depression.
I'm glad to hear that my attempt to re-program the future led toward you abandoning your heathen beliefs to admit Jesus Christ to your life as your sole savior.
Originally posted by TH3ON3
Stander you have a beautiful wholly disordered 2-18-1-9-14...Now make sense of that in record time and I'll give you a gold star.
Originally posted by Rockpuck
reply to post by stander
I'm glad to hear that my attempt to re-program the future led toward you abandoning your heathen beliefs to admit Jesus Christ to your life as your sole savior.
I don't know what that means. I am still not a Christian.