Was that a chunk of the sky that just hit me on the head?

[SwissMrs&Pitchfire]

The remake (Disney '99) with the dark haired girl was better.

[John Adams]

Strike the 8% part and replace that with India's Sensex where trading has been halted down 11.5%!

How big of a market is India's? How will this affect other markets?

[Col. Flagg]

Wall Street was down 460 points in the first 2 minutes after its opening today, but then rebounded quickly (thanks in part to the PPT, which was predictable) and was only down something like 85 points the last I heard (as of 9:00 AM MST).

[SwissMrs&Pitchfire]

The markets are very global. While a big hit in one market isn't much, the combined effect can be monstrous if not corrected. Europe rallied last night and the fed injected their hope this morning (but we're still down for the day). Everyone is expecting Asia and Aus. to spring back up now. A lot will be dependent on whether or not that materializes. That said, the problems already occurred, the day of reckoning is coming, it is only a matter of how long we can put it off by paying the minimum on one credit card with another credit card?

The delusion of the Babylonian is truly a wonder! The markets are so like Vegas that trying to equate what happens there to reality is nuts. Unfortunately much that has to do with that day of reckoning is decided there. And so we watch and try to make sense of it all.

The fundamentals are still the fundamentals.

[Col. Flagg]

...the problems already occurred, the day of reckoning is coming, it is only a matter of how long we can put it off by paying the minimum on one credit card with another credit card?

There's more truth to this than you might think. Last week, I read a report about the health of the credit and debt situation in this country and get this... approximately 10% of all home-owners polled in a survey said they had used their credit card more than once to make a mortgage payment.

[John Adams]

Back to speculating on a "final crash," I am always curious how tax season will play into all of this. Do you think that TPTB would take into account the tax season? For example if you were an "evil banker" picking a perfect time to crash the world economy you probably would either do it right before February (before people start getting their tax refunds) or right after April 15 (after the government gets a huge influx of cash from tax returns).

Any thoughts based on the fact that the world markets are currently crashing a week or two before people will start sending in their tax returns if they have a refund coming?

[shadow]

It's hard for me to think that the tax season would play a factor in the market crashing. Historically, I just don't see it.

While the markets are fluctuating today, I just don't see a crash yet. I have no reasoning for that, other than just a feeling I have. I do think this will be a telling year. I can see the markets crash later this year, just not now. I'm looking to late spring early summer for an "event". It might be a market crash, it might be an attack (EMP), an earthquake, it might even be a pandemic of sorts, maybe even a super sized combo. For me, I think whatever happens will start with the saints. A huge market crash is national if not global. I'd look for a local "upon my house it will begin" event.
I think we'll get by until at least general conference. I hope that doesn't sound like all is well in Zion!

[Proud 2b Peculiar]

Just as my husband was coming out of the Bank, he heard them talking about the fact that the bank of America lost 95% of its profit?

[SwissMrs&Pitchfire]

Or rather it's profits were 95% less than the previous period.
----------------------
I think we are and have been seeing the crash, but as to the big event Shadow I think you are correct. In fact the market is doing a poor job of reflecting the real conditions out there.

Think of it this way. If you had two friends, one like my old friend Eric whose friends called him "China," and another named Sam (whose friends called him Uncle Sam). Eric sold a car to Sam way back and Sam is still making payments with interest to Eric. Every month when payment time rolls around Sam comes by and asks Eric for a loan with interest. Up to this point Eric has agreed (hey he is raking in compound interest right) to lend him money.

The unfortunate part is that Sam wrecked the car using it in the county fair for the demolition derby and so Eric has little recourse to collect on the debt aside from Sam's good will and willingness to pay here a little there a little.

So now Eric has started to negotiate with Sam and Sam has started to sell his stuff to Eric to cover the shortfalls.

At this point, as their friend how do you see the game? Is Eric being played? Will he ever be paid back? Is there any hope of a joyous resolution?

The problem is Sam's (America's) prospects are not good. Job growth is a fantasy as is any overall economic growth for that matter. The best outcome is Eric's (China's) forbearance and mercy in dealing with us. Perhaps Sam has enough stuff to sell in order to satisfy the debt, but what prospect for the future does that leave Sam (America) in whose prospects are already poor (after all he has his grandma to support)?

There will be no easy answers. Both Eric (China) and Sam (America) really needed this deal to work. Eric's future plans were tied up in this. Sam's future prospects are tied up by this.

The problem is magnified by time, not lessened. The compounding interest mounts. The balance grows. Every day that the markets naively breath a sigh of relief, the depths of it's future sorrows grow.

The outcome is fairly certain but when it catches up with poor Sam is anybodies guess.

[Proud 2b Peculiar]

Would an event that leads to war change the economic outlook? Creating jobs... building stuff.... so on and so on, or does that take loans that are no longer granted?

[Col. Flagg]

Glenn Beck said it well this morning when he stated that the stinking 'Fed' should just leave the market alone and let it correct itself, even if it means a painful crash because as long as they keep intervening with rate cuts, cash infusions, etc., the long-term effects will be much worse that what we're seeing unfold now. Hey... maybe that's what the 'Fed's' plan is... cause a massive collapse down the road by stepping in and propping it up when it needs to fall hard right now. The more weight there is down the road, the harder the fall. It does make a little sense considering they're waiting for the right opportunity to introduce the Amero as a new currency to replace the peso, dollar and Canadian dollar. Furthermore, by continuing to lower interest rates, the dollar's demise is just being hastened. Maybe we're seeing the real plan here?

[SwissMrs&Pitchfire]

Nope Charity, the war economy is a myth. Creating stuff to destroy it never enriches unless it is used to acquire plunder (steal). I'll try to post something in that regard in a minute.

[SwissMrs&Pitchfire]

Here's one I know you'll like.

http://www.lewrockwell.com/paul/paul81.html

And more:
econ
http://www.antiwar.com/henderson/?articleid=8727
globalpolicy
http://www.fff.org/freedom/fd0612g.asp

[ShawnC]

Glenn Beck said it well this morning when he stated that the stinking 'Fed' should just leave the market alone and let it correct itself, even if it means a painful crash because as long as they keep intervening with rate cuts, cash infusions, etc., the long-term effects will be much worse that what we're seeing unfold now. Hey... maybe that's what the 'Fed's' plan is... cause a massive collapse down the road by stepping in and propping it up when it needs to fall hard right now. The more weight there is down the road, the harder the fall. It does make a little sense considering they're waiting for the right opportunity to introduce the Amero as a new currency to replace the peso, dollar and Canadian dollar. Furthermore, by continuing to lower interest rates, the dollar's demise is just being hastened. Maybe we're seeing the real plan here?

You know it's ironic to me that in the beginning, Mr. Beck was one of Ron Paul's biggest detractors and still takes cheap shots at him, but then in the same breath will turn around and tout the very things that Ron Paul and only Ron Paul has been saying for a long time. Beck offers good advice when it makes him look good or is politically correct to do so. But give me a man of integrity who sticks to his guns in any situation any day. Know what I mean?

[sally]

[quote="SwissMrs&Pitchfire"]Here's one I know you'll like.

http://www.lewrockwell.com/paul/paul81.html

And more:
econ


That is a Ron Paul article! It is very good. What a great man he is.

[Col. Flagg]

Glenn Beck said it well this morning when he stated that the stinking 'Fed' should just leave the market alone and let it correct itself, even if it means a painful crash because as long as they keep intervening with rate cuts, cash infusions, etc., the long-term effects will be much worse that what we're seeing unfold now. Hey... maybe that's what the 'Fed's' plan is... cause a massive collapse down the road by stepping in and propping it up when it needs to fall hard right now. The more weight there is down the road, the harder the fall. It does make a little sense considering they're waiting for the right opportunity to introduce the Amero as a new currency to replace the peso, dollar and Canadian dollar. Furthermore, by continuing to lower interest rates, the dollar's demise is just being hastened. Maybe we're seeing the real plan here?

You know it's ironic to me that in the beginning, Mr. Beck was one of Ron Paul's biggest detractors and still takes cheap shots at him, but then in the same breath will turn around and tout the very things that Ron Paul and only Ron Paul has been saying for a long time. Beck offers good advice when it makes him look good or is politically correct to do so. But give me a man of integrity who sticks to his guns in any situation any day. Know what I mean?

I know precisely what you mean and I agree... Beck will tout what he considers to be in his best interest, even if it means taking the same stances on issues and spreading the same message that Ron Paul is, even though Beck does his best to make him out to be a loon. Doesn't say much for Glenn, that's for sure. All I can figure is that Beck has to take shots at Paul because of who he works for, but still... he has to know better and it is a shame that he is siding with the establishment media in a smear campaign of a man who is honestly the only real choice for president (at least for anyone who wants to see an end to corruption in Washington and a return to the principles and writs contained in the constitution).

[Shoemaker]

Back to speculating on a "final crash,"

The way I read this ecomomic situation is kind of a cat and mouse strategy. “This is just a temporary slow down not a recession”, “this is just a short term correction that will take a little while to resolve”, “the riding will get a little rough but will smooth out later this year”. “Oops, we misjudged a few key points along the way”, “well we couldn’t account for all the vicissitudes and variables that came into play.”

The Fed cannot let the thing just crash on it’s own that would viewed by the public as negligence and incompetence of the highest order—“heads would roll”. It has to look natural and the Fed and administration have to appear as though they are concerned and doing their best to stave off a meltdown and pretend to hold the flood waters back. The ailing economy is given small doses of poisonous infusions that seem revive the patient in fits and starts until it becomes apparent that nothing is working and that all avenues have been exhausted and all remedial measures tried. Now the people have been acclimated into accepting the inevitable death of their economy. But wait a minute there is hope, a hero riding a white horse has just come into town and he has a new plan and the plan includes new money (the Amero) and a new and bigger market (North American Union) that will rescue us and make us all prosperous again and we will live happily ever after.

[Col. Flagg]

Back to speculating on a "final crash,"

The way I read this ecomomic situation is kind of a cat and mouse strategy. “This is just a temporary slow down not a recession”, “this is just a short term correction that will take a little while to resolve”, “the riding will get a little rough but will smooth out later this year”. “Oops, we misjudged a few key points along the way”, “well we couldn’t account for all the vicissitudes and variables that came into play.”

The Fed cannot let the thing just crash on it’s own that would viewed by the public as negligence and incompetence of the highest order—“heads would roll”. It has to look natural and the Fed and administration have to appear as though they are concerned and doing their best to stave off a meltdown and pretend to hold the flood waters back. The ailing economy is given small doses of poisonous infusions that seem revive the patient in fits and starts until it becomes apparent that nothing is working and that all avenues have been exhausted and all remedial measures tried. Now the people have been acclimated into accepting the inevitable death of their economy. But wait a minute there is hope, a hero riding a white horse has just come into town and he has a new plan and the plan includes new money (the Amero) and a new and bigger market (North American Union) that will rescue us and make us all prosperous again and we will live happily ever after.

Amen.

[SwissMrs&Pitchfire]

badstuff

Wal-mart, McDonalds etc... going to the mattress.

[SwissMrs&Pitchfire]

What a bank crash looks like in fed charts:
ninja

[SwissMrs&Pitchfire]

No good source on this, but here it is:

SBN spokesman:

Speaking on condition of (obviously not respected) anonymity, Marti Peeps, a spokesman for the bank, admitted that he was gloomy on prospects for the sector, notwithstanding Société Bancaire de Neasden’s surprise results.



“This has come in the wake of other débacles within the group, and indeed from all other banks, in real estate lending, securitised lending, high yield, subprime investment and hedge fund sponsorship. I foresee a flight to liquidity followed by possibly severe depression – but enough of my plans for the evening.”

[Col. Flagg]

I don't know... it sure seems like for whatever reason they're waiting for, the PTB and the PPT don't want the market to meltdown quite yet. I find it peculiar that while markets overseas continued to lose a lot of ground last week, the stock market here was rebounding quite nicely. IMHO, this shows just what a farce the Dow has become because it is obviously being kept on artificial respiration right now. I can't imagine any other outcome other than a depression because the deceit, greed and fraud in our markets and on Wall Street rivals that of the 'Fed'. Greed is probably going to cause economic turmoil on a scale we can barely fathom right now.

[SwissMrs&Pitchfire]

What you are seeing is market sentiment not massive controls. The markets are full of eternal perma grim optimists, the all is well in Zion crowd (Zion is all of the Americas). Never underestimate the absolute delusion of the markets! Look at the quotes from right before the Great Depression we are seeing the exact same thing, and we know who steered us there.

Fed cut .5% today by the way.

[Col. Flagg]

What you are seeing is market sentiment not massive controls. The markets are full of eternal perma grim optimists, the all is well in Zion crowd (Zion is all of the Americas). Never underestimate the absolute delusion of the markets! Look at the quotes from right before the Great Depression we are seeing the exact same thing, and we know who steered us there.

Fed cut .5% today by the way.

Wow... they're really trying to destroy the dollar once and for all. I heard a few expert economists predict a few days ago that another rate cut could start a massive exit from the dollar as the world's reserve currency. Maybe they want the Amero faster than we thought? Why wait for 2010 when you can kill it off now with saving the market and economy with rate cuts as an excuse?