It all ends Monday [UPDATED]

Dow drops 400 points. It did not happen Monday, but happened Wednesday:

bottomline.msnbc.msn.com...

Still pretty accurate.

Originally posted by Vitchilo

Originally posted by projectvxn
reply to post by Vitchilo

 

ike in the 80-1 range

During the '08 crisis there were banks that were leveraged FAR MORE than 80:1 before they popped.

Yeah that was a low estimate.

Bill Gates gonna be broke lol

reply to post by coldkidc


So what would this do to jobs? will they be able to pay the workers? it sounds like it will be hell at first, guess go hunting again full time live off the land and be free lol

Originally posted by OathKeeper
Hey the thing I ilke about this " end of everything " prediction is it's not a weather dominator, mystery planet, 20th dimension inversion with aliens behind it all type of claim. There is Some reasonability behind it. However this will happen slower rather than "poof" over night, the united states won't see this till the rest of Europe goes into unrecoverable economic diaster like Greece.

The united states will look more like Europe in a year or two, after that - then this senario will happen. When it does cash won't have value so it doesn't matter if you get it out of the bank ahead of time, all one can do is prep now.

Years worth of food for every member of your family.

Seed bank of your own.

Generators, solar power and or wind generation for you home.

Guns and ammo.

Paper back literature on how to garden and farm, repair machinery, make food, medical books, survival guides and so on. Build a library of useful knowledge.

Learn how to be self sufficient before you have no choice but to be so.

Live your life but prepare for everything and anything.

So lets you have some of these things but lack money to buy a rifle or shotgun? than what dig holes and trap? throw spears?

Originally posted by megabytz

Originally posted by Screwed
Please explain to those of us who are financially retarded WHAT exactly ends Monday?

My Mommy told me there's no such thing as a stupid question.

There is no such thing as a stupid question but there are plenty of inquisitive idiots.

Not to say you are an idiot, I just like saying that.

And there are stupid questions:

• How high is "up?"
  
• How long is a rope?
  

.....for example.

Not to say your question(s) are stupid, however. Everyone should cultivate a knowledge of economics, especially members of democratic societies because votes effect economic policy.

Originally posted by St Udio
it will be a speed bump & the markets will adjust...minus the mom & pop savers

Almost all "Mom & Pop savers" use hedge and retirement fund companies, which are in turn top-level players in the markets....and they focus mostly on long-term safe investments anyway. The moms and pops are not going to be getting any margin calls.

turns out a few mondays have come and gone since :/

It's the 15th. God, these prophetic freaks are everywhere.

Originally posted by mytheroy

Originally posted by Vitchilo

Originally posted by projectvxn
reply to post by Vitchilo

 

ike in the 80-1 range

During the '08 crisis there were banks that were leveraged FAR MORE than 80:1 before they popped.

Yeah that was a low estimate.

Bill Gates gonna be broke lol

Gates won't be able to afford that trip to Mars now....