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OfflinePhanTomCat
Teh Cat....
Male User Gallery


Registered: 09/07/04
Posts: 5,908
Loc: My Youniverse....
Last seen: 14 years, 11 months
The Prediction...........
    #7912446 - 01/21/08 09:51 PM (16 years, 11 days ago)

Lots of people are predicting that the US stocks are going to dive tomorrow when the market opens -
to follow what happened today with the overseas markets (which took a major dive)....

Will this be a self fulfilling prediction, driven by the fear of it actually doing so....?


>^;;^<


--------------------
I'll be your midnight French Fry....  :naughty:

"The most important things in life that are often ignored, are the things that one cannot see...."

>^;;^<


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Invisibleim_on_a_boat
Stranger

Registered: 04/06/06
Posts: 3,950
Re: The Prediction........... [Re: PhanTomCat]
    #7912469 - 01/21/08 09:56 PM (16 years, 11 days ago)

wait 9 hours and see..


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Offlinefireworks_godS
Sexy.Butt.McDanger
Male


Registered: 03/12/02
Posts: 24,855
Loc: Pandurn
Last seen: 1 year, 12 days
Re: The Prediction........... [Re: im_on_a_boat]
    #7913045 - 01/21/08 11:42 PM (16 years, 11 days ago)

The prediction is based upon the futures market as well.....

All the signs are there that the United States is heading into a deep recession. My honest assessment of what is happening is that people are truly beginning to realize that the entire economic system that has been responsible for America's ascension into a full-blown, global empire, from around WWII, through the Cold War, and towards its modern-day situation, contains within it a great possibillity of complete collapse. They are realizing there is no bottom, but they simply need reassurance and leadership right now, because the fact that they are afraid means they are the ones creating the pending economic diaster.

People have no faith in the Federal Reserve slashing interest rates, because they are now smart enough to realize that this contributed to the problem in the first place. They are more aware that the printing of more money is responsible for the wealth of their dollar to disappear. Of course, the main source of all of this potential diaster is the federal government. They do not have any faith in the proposed tax rebates, as a means of economic stimulus, because they recognize that, unless federal spending is deeply cut to make up for the difference, the rebates are simply compounding the problem more.

The reason the economy is heading to diaster is because of the federal government. In high school, I learned a simple lesson that the government has three means by which they can raise money to spend - tax it, print it, borrow it. Which one will get us out of this situation? All three of them are responsible for this situation. The only answer is to stop federal spending, and to stop federal income taxes.

Ultimately, the Iraqi War was the last straw, but it is the entire policies and ideaologies that would naturally lead to the Iraqi War that was responsible. Our foreign policy costs us a trillion dollars a year, which is about the same amount that federal income taxes take in right now. :smirk: The reason oil has skyrocketed from $28 to $100 since 2002 isn't simply due to the instability we have brought to the region, directly resultant from our foreign presence there, but more directly due to the fact that it takes a lot of oil to wage a war on the other side of the planet. :rolleyes:

We continue to print money that is not based in any tangible sense of value, thereby making our money increasingly valueless. A private, central bank is truly responsible for the economic situation. Congress long ago alleviated their responsibility to manage our monetary system by signing it over to an organization that has no accountability to the American people.

People are probably scared because they don't see a path from this. Ron Paul, of course, has been well-aware of what has been happening over the past twenty years, and the fact that more and more attention is being paid attention to him demonstrates the possibillity that he knows the truth. The only answer to this is for someone in a position like him to get through the mainstream media, which has been documented as specifically excluding him, and speak directly to the American people, telling them the truth. Ron Paul's solution, of course, would be to bring our troops home from all of these nations overseas, to draw our borders where they physically exist, to stop sending billions to military dictators in Pakistan, to stop sending billions to Israel with the fallacy that we need to protect them from their neighbors while we simlutaneously send their Arab neighbors three times as much in money and weapons, to bring our troops home from South Korea, Japan, Germany, etc. etc. etc. ad infinitum. Then the federal government would be restrained by the Constitution, the manifestation of it now is illegal.

The problem right now is the federal government. Nothing the federal government can do will solve this economic nightmare except for it to start slashing itself away. Do you think we will learn? More and more people are voting for Ron Paul, perhaps hope for America is not lost yet.


--------------------
:redpanda:
If I should die this very moment
I wouldn't fear
For I've never known completeness
Like being here
Wrapped in the warmth of you
Loving every breath of you

:heartpump: :bunnyhug: :yinyang:

:yinyang: :levitate: :earth: :levitate: :yinyang:


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OfflineSeussA
Error: divide byzero


Folding@home Statistics
Registered: 04/27/01
Posts: 23,480
Loc: Caribbean
Last seen: 2 months, 20 days
Re: The Prediction........... [Re: fireworks_god]
    #7913654 - 01/22/08 03:15 AM (16 years, 10 days ago)

Quote:

People have no faith in the Federal Reserve slashing interest rates, because they are now smart enough to realize that this contributed to the problem in the first place.




Most people still think the federal reserve is federal and has a reserve.

Quote:

They are more aware that the printing of more money is responsible for the wealth of their dollar to disappear.




Again, most people have no idea. Almost everybody that I have spoken with blames unscrupulous lenders as the source of the problem.

Quote:

They do not have any faith in the proposed tax rebates, as a means of economic stimulus




Nor should they... Giving Tim $800 of Tom's money doesn't really help.

Quote:

because they recognize that, unless federal spending is deeply cut to make up for the difference, the rebates are simply compounding the problem more.




Exactly. But, the kicker is that people enjoy their "entitlements" and continue to elect free spenders into office.

Quote:

The problem right now is the federal government




I disagree. The problem right now is the people allowing the federal government to herd us like sheep rather than holding the elected officials in government accountable for the job we hired them to perform.


--------------------
Just another spore in the wind.


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InvisibleMiddlemanM

Registered: 07/11/99
Posts: 8,399
Re: The Prediction........... [Re: Seuss]
    #7913725 - 01/22/08 04:38 AM (16 years, 10 days ago)

Wow, right on Seuss.

From my post in MM:

A crash is indeed coming soon, but like the great depression it will be a tightly controlled chaos.

The "powers that be" leave little to chance and always have an agenda, this time it's all about getting these into circulation:



The power elite create a problem, and then they offer us a solution that serves their agenda,
This time the solution is going to be the North American Union...

Here's a revealing article, though the carrier is questionable:

Kurt Nimmo
TruthNews
November 24, 2007

Gerald Celente is not your garden variety doom-and-gloom crackpot. Celente, director of Trends Research Institute, forecasted the subprime mortgage financial crisis and the decline of the dollar a year ago and gold’s current rise in May. He also predicted the 1997 Asian Currency Crisis and the fall of the Soviet Union. “We are going to see economic times the likes of which no living person has seen,” he told United Press International.

Wait a minute. That includes people who lived through the so-called “Great Depression.” Does Celente think the “Panic of 2008″ will be worse than the Depression? It would appear so.

“The Panic of 2008 will lead to a lower U.S. standard of living, he said.”

“I have no crystal ball, nor do I claim to have well-developed psychic powers, but I’d be willing to bet almost anything that next Thanksgiving season will be dramatically different from this one,” writes Carolyn Baker.

We are confronting “dollar plummeting hysteria, monumental levels of debt, foreclosure, bankruptcy, unemployment, energy depletion, skyrocketing gas and food prices, illnesses treated without health insurance coverage—or just not treated, unprecedented levels of homelessness, and by all indications, within a few months into 2008, America will be well on the road to a re-run of 1929-or something inconceivably worse,” Baker frets. “These are the good ole days, my friend, and these are also the dark new days. Happy Thanksgiving; savor every bite.”

“Derivative dealers, hedge funds, buyout firms and other market players will also unravel,” Celente predicts.

Massive corporate losses, such as those recently posted by Citigroup Inc. and General Motors Corp., will also be fairly common “for some time to come,” he said.

He said he would not “be surprised if giants tumble to their deaths…”

Some giants, however, stand to gain, especially when it comes to real estate. “There is going to be a grab on this property by people who have cash, and that’s not going to be the middle class. People will lose their homes if they have large mortgages that they cannot comfortably sustain or pay off,” Jerome Corsi, economic expert and foe to the emerging North American Union told Alex Jones last August. “There’s going to be a grab where the institutions and the people already wealthy will only gain, it’s not going to be an opportunity for the average person to gain.”

Corsi believes the economic crisis now revealing itself is engineered. “It is engineered because again, the move toward globalism, the pumping of this liquidity to stimulate the markets was totally artificial.”

The federal reserve is going to get caught right now in a total dilemma, if it raises rates to protect the dollar, its going to further tank the economy and cause the housing markets to be in even more of a crisis. We have economic stagnation, the loss of real income, the loss of real wealth and inflation at the same time. With the dropping of the dollar the crisis is going to be manipulated to the point where people will take the Amero or any regional solution if it is proposed as the way you get out of your problem.

It’s all about wiping the chessboard clean, or rather turning it over and dumping all the pieces:

“This is the fastest run I’ve seen ever to get to the goal line of creating a Untied States regional economy, a North American Union. The elite are running like they’ll never have this chance again. It is the tenth hour, the eleventh hour where this battle will be fought. They believe that they can win now and they are going for broke to create a North American Union and tank the dollar.”

Steven Watson, summarizes:

The decline of the economy in the US is being caused by the very predatory globalist policies that are still presented to us as the solution for economic turmoil. Globalist vampires such as the IMF and the World bank, but two of the elite central banks and private interests, have drained the third world dry, and are now focusing their attention on enslaving the developed world.

The single currency and a ‘new economic order’ is a major step on the road to global governance. Europe already has its own strong single currency, while the dollar’s days seem to be numbered. When money is being printed and distributed by private corporations is it any surprise to see a push for a merger with other countries’ currencies?

Of course, in order to realize this “new economic order,” a whole lot of people will need suffer—and if we are believe Gerald Celente, worse than their grand and great-grand parents did during the so-called “Great Depression.”

“There’s no doubt now, that Fed chairman Alan Greenspan’s plan to pump zillions of dollars into the system via ‘low interest rates’ has created the biggest monster-bubble of all time and set the stage for a deep economic retrenchment,” writes Mike Whitney. “Greenspan’s inflationary policies were designed to expand the ‘wealth gap’ and create greater economic polarization between the classes. By the time the housing bubble deflates, millions of working class Americans will be left to pay off loans that are considerably higher than the current value of their home. This will inevitably create deeper societal divisions and, very likely, a permanent underclass of mortgage-slaves.”

Greenspan has successfully piloted the nation into virtual insolvency. In fact, the parallels between our present situation and the period preceding the Great Depression are striking. Just as massive debt was accumulating in the market from the purchase of stocks “on margin”, so too, mortgage debt between 2000 and 2006 soared from $4.8 trillion to $9.5 trillion. In both cases the “wealth effect” spawned a spending spree which looked like growth but was really the steady, insidious expansion of debt which generated economic activity. In both periods wages were either flat or declining and the gap between rich and working class was growing more extreme by the year.

Call it the “New Feudalism.”


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OfflineSeussA
Error: divide byzero


Folding@home Statistics
Registered: 04/27/01
Posts: 23,480
Loc: Caribbean
Last seen: 2 months, 20 days
Re: The Prediction........... [Re: Middleman]
    #7913815 - 01/22/08 05:47 AM (16 years, 10 days ago)

> In fact, the parallels between our present situation and the period preceding the Great Depression are striking.

But I have been told time and time again that with our modern fiat money system that there is no way a "Great Depression" could possibly occur. Having money tied to a hard standard, such as gold, is what allowed the large economic swings of the past. (sarcasm)


--------------------
Just another spore in the wind.


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InvisibleIcelander
The Minstrel in the Gallery
Male


Registered: 03/15/05
Posts: 95,368
Loc: underbelly
Re: The Prediction........... [Re: PhanTomCat]
    #7913865 - 01/22/08 09:03 AM (16 years, 10 days ago)

Quote:

PhanTomCat said:
Lots of people are predicting that the US stocks are going to dive tomorrow when the market opens -
to follow what happened today with the overseas markets (which took a major dive)....

Will this be a self fulfilling prediction, driven by the fear of it actually doing so....?


>^;;^<




Yes, The stock market rises and falls are mostly tied to peoples fear based emotional states. If you stay calm then you needn't be effected at all by this. Life goes on for awhile and we cannot prevent the end of it by any means. Relax and go with it. This is the definition of freedom. The stock market is a joke.


--------------------
"Don't believe everything you think". -Anom.

" All that lives was born to die"-Anom.

With much wisdom comes much sorrow,
The more knowledge, the more grief.
Ecclesiastes circa 350 BC


Edited by Icelander (01/22/08 09:04 AM)


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Offlinefireworks_godS
Sexy.Butt.McDanger
Male


Registered: 03/12/02
Posts: 24,855
Loc: Pandurn
Last seen: 1 year, 12 days
Re: The Prediction........... [Re: Icelander]
    #7915151 - 01/22/08 03:17 PM (16 years, 10 days ago)

It'll be fun watching these bankers and corporations and speculative rich men get a taste of their own medicine. I don't see this hurting the middle class too much, at least not yet, but, by that time, the American industry will start to build up again as the cost of importing, a combination of the price of oil and the drop in value of our dollar, as well as our credit rating, becomes too expensive.

You can't blame the people too much, they have never been aware in the first place. Ron Paul's campaign is evidence enough that hundreds of thousands, possibly a million people have started to wake up to the nature of reality that surrounds them, especially regarding their government. Most people were born into this already happening, and are conditioned within it, not identifying it for what it means because they grew up within it.

With the Internet, people have been able to learn about what has been happening and what is happening now as a result. This is unprecedented, and we will be better for it. We're beginning to lead ourselves into a new age of reason and enlightenment. :mushroom2:


--------------------
:redpanda:
If I should die this very moment
I wouldn't fear
For I've never known completeness
Like being here
Wrapped in the warmth of you
Loving every breath of you

:heartpump: :bunnyhug: :yinyang:

:yinyang: :levitate: :earth: :levitate: :yinyang:


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Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 7 months
Re: The Prediction........... [Re: fireworks_god]
    #7916834 - 01/22/08 08:08 PM (16 years, 10 days ago)

I find it odd that this is posted utterly off topic in the Philosophy and Spirituality forum. Could it be that some can't take the heat in Politics?


--------------------


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OfflinePhanTomCat
Teh Cat....
Male User Gallery


Registered: 09/07/04
Posts: 5,908
Loc: My Youniverse....
Last seen: 14 years, 11 months
Re: The Prediction........... [Re: zappaisgod]
    #7916912 - 01/22/08 08:21 PM (16 years, 10 days ago)

Quote:

zappaisgod said:
I find it odd that this is posted utterly off topic in the Philosophy and Spirituality forum.  Could it be that some can't take the heat in Politics?





Fear is not a philosophy based topic....?    :confused:


Personally, I don't care for politics....
Has nothing to do with heat....
I don't like green peppers, hence I would not do to a green pepper forum....

Either way, the prediction that others had about the stocks seemed to be fear based, and didn't exactly come true....  :smile:
Yet....    :frown:


>^;;^<


--------------------
I'll be your midnight French Fry....  :naughty:

"The most important things in life that are often ignored, are the things that one cannot see...."

>^;;^<


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Offlinefireworks_godS
Sexy.Butt.McDanger
Male


Registered: 03/12/02
Posts: 24,855
Loc: Pandurn
Last seen: 1 year, 12 days
Re: The Prediction........... [Re: zappaisgod]
    #7917270 - 01/22/08 09:19 PM (16 years, 10 days ago)

Quote:

zappaisgod said:
I find it odd that this is posted utterly off topic in the Philosophy and Spirituality forum.  Could it be that some can't take the heat in Politics?




I certainly can, but why would I want to, when I could be actively involved in making it happen? I've been too busy participating in grass-roots effort and simply enjoying my own life to argue with you about polls. :laugh:


--------------------
:redpanda:
If I should die this very moment
I wouldn't fear
For I've never known completeness
Like being here
Wrapped in the warmth of you
Loving every breath of you

:heartpump: :bunnyhug: :yinyang:

:yinyang: :levitate: :earth: :levitate: :yinyang:


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