I'm Cheerin the Fall of the DOW!

[Ninja Homer]

1 - Disagree. This will be no "rerun" of the 1930's. We don't have the credit, we don't have the industrial infrastructure we don't have the family farm, we don't have the manpower that would know how to work any of that stuff anymore.

There will be no "New Deal" since there is no money to pay for a deal, new, old or otherwise.

And to say that the collapse of an empire will bring nothing but woe is incredibly myopic. It was less than 20 years ago that the USSR collapsed, much for the same reasons our empire is going to collapse, in that the whole system was built on a house of cards that could not be sustained and wars around the globe it could not pay for.

When the USSR collapsed, the countries that had been living under the "Iron Curtain" regained their sovereignty and national independence, almost overnight, and in many cases, without a shot being fired.

And in Russia today, Moscow has more billionaires than any other city on earth. Plenty of people were financially wiped out, many suffered but something certainly better than GUM stores with one fish, KGB gulags and dark streets arose.

And that was the USSR fer cryin' out loud. Imagine the possibilities of all the states, or groups of states divorced from Uncle Slaughter, free to pursue their own independence.

I'm more than willing to take that chance, rather than continue down this road to serfdom, poverty and insolvency we are currently on. And until the whole thing goes tits up, that won't happen.

2 and 3 I can't argue with.

That's a very good summary of the "half-full glass" I appreciate, with a collapse of the federal government. That doesn't mean I like the "half-empty glass" of people losing their savings. They are both the same glass, and just because you're cheering for the full half doesn't mean you're cheering for the empty half. I think people here that are cheering for the fall of the DOW are cheering for the possibility of liberty, not cheering for people losing savings.

What it comes down to is this: Is freedom worth the collapse, depression, and/or loss of savings?
I think it is.

 

[Goldwater64]

Maybe it is necessary, maybe it is the only way, but it's still bringing a lot of people a lot of pain.

We're all (mostly) libertarians here, and we shouldn't tell each other what to think, but personally I make it a habit not to rejoice in the suffering of others

 

[rockandrollsouls]

I'm not making this up! This is coming from Greg Palast! See for yourself in the middle of the video contained in this thread:

http://www.ronpaulforums.com/showthread.php?t=161449

Just because someone else said it doesn't make it true. See my previous post. That is how short selling works. If you are propping up securities a short seller can't make money on them. That's a fact.

 

[JenH88]

Yeah.. where is the freedom of speech here? Why are there a group of "libertarians" here trying to tell other people how to think, how to talk, what they should or shouldn't feel, whether they should or shouldn't celebrate. And on top of it- there's no civil rational discussion taking place at all- there is no calm "well, why are you celebrating?" there's no meeting of the minds- no trying to come together and talk- there's just hate being thrown everywhere- this is the type of crap that keeps all the separate movements separate. This stupid bickering between each other- always dividing dividing, no unity,no understanding..

Most of the people 'celebrating' are not happy to see suffering.. just are aware that it is going to happen anyways..

I previously stated a long time ago in this thread the following, and I stand by it- anyone who feels they need to tell me how I SHOULD feel can shove it- because you obviously have yet to realize the full spectrum of liberty.

"The house of cards is going to collapse, it's inevitable..

LOL, you ever seen those movies where someone is in a horrible horrible situation and they're just laughing insanely? LOL.. that's me. LOL. I'm celebrating because shit is so bad, they keep making it worse against the will of the people- we are so f*cked that I can't help but just laugh as I watch the fiat empire collapse.. the faster it falls the faster we get to the point of rebuilding-

It's like labor pains, everyone thought I was crazy when I was happy about the labor pains and didn't freak out about it, I was calm and happy- to me it meant the end of the pain was near, and a new beginning was soon approaching."

 

[Alli]

We were singing "Burn Hollywood Burn this morning as the Dow plunged.

We figure it must crash to have a chance at organizing a movement to repeal the Federal Reserve and restore the Republic.

 

[LibertyEagle]

They've had less time to enjoy the comforts of debt-based false prosperity than you have.

A lot of us have no "debt-based false prosperity"; nor have we EVER sucked off the government teat. What we do have is some savings we built up by not living beyond our means.

 

[RockEnds]

A lot of us have no "debt-based false prosperity"; nor have we EVER sucked off the government teat. What we do have is some savings we built up by not living beyond our means.

LE, our economy is debt-based. It's not that everyone has borrowed money. I had to laugh at my dad five or six years ago. He wanted a cell phone, and he couldn't get one because he had no credit. He had no credit because he had never taken out a loan in his life. He owned his own business and built two brand new houses. He sold his farm on contract. But he'd never taken out a loan.

I don't know what he's losing in this mess. I've told him over the last few months what was predicted. I don't know where his money is--if it's safe or not. He didn't prosper from personal debt.

But our economy is based on debt. Our prosperity as a nation has been financed. That's the false prosperity that's collapsing.

 

[Anti Federalist]

Ninja Homer wrote:

What it comes down to is this: Is freedom worth the collapse, depression, and/or loss of savings?
I think it is.

Yes, so do I.

I'm willing to take that risk, and I'm not what some of the scoffers here have suggested, I have a substantial investment in my home, a family to care for and, if I hadn't played it smart over the last few years or so, I'd have quite a bit of investment capital withering away right now too.

And I'd be willing to put every cent of it on the line to make a break from this rotting hulk and make a clean start in a seceded state or group of states. Which is the only way this could work out in our favor. Dissemble the whole lot of it, reset the clock to zero, or more accurately, to 1776, and start over.

 

[Anti Federalist]

LE, our economy is debt-based. It's not that everyone has borrowed money. I had to laugh at my dad five or six years ago. He wanted a cell phone, and he couldn't get one because he had no credit. He had no credit because he had never taken out a loan in his life. He owned his own business and built two brand new houses. He sold his farm on contract. But he'd never taken out a loan.

I don't know what he's losing in this mess. I've told him over the last few months what was predicted. I don't know where his money is--if it's safe or not. He didn't prosper from personal debt.

But our economy is based on debt. Our prosperity as a nation has been financed. That's the false prosperity that's collapsing.

+1

Even if we, as individuals, never engaged in the debt rat race, the whole system around us has, to the tune of 11 trillion and counting. And that's just government debt. Wait until the other shoe drops and the banks start losing money on the unsecured debt balances people are carrying, the trillions of credit card and personal loan debt.

On a sinking ship, just because your stateroom hasn't flooded yet, doesn't mean it won't.

 

[thomaspaine23]

IMO this is going to end badly.... We may well see blood in the streets.


On the bright side, as people lose their jobs, they will start taking cash for ANY work, and most likely will begin to question the whole 40% taxation thing.

I think we are headed for a unconcious tax protest movement, as when it comes to paying uncle sugar, or feeding your family, family will win.

 

[rockandrollsouls]

IMO this is going to end badly.... We may well see blood in the streets.


On the bright side, as people lose their jobs, they will start taking cash for ANY work, and most likely will begin to question the whole 40% taxation thing.

I think we are headed for a unconcious tax protest movement, as when it comes to paying uncle sugar, or feeding your family, family will win.

I often wonder where some of you get your information. Often times, like this post, it's pure speculation. If people lose their jobs who is going to have money to hand out? What about when that cash is worthless?

Give me a break. Some of you here don't have any sort of grasp of the economy. "Ron Paul says fiat money is bad. Therefore, I know about the economy, how it works, and what is likely to happen. I can't wait for the economy to blow up."

Again, give me a fucking break.

 

[Highland]

see the following thread if you haven't already...

http://www.ronpaulforums.com/showthread.php?t=161474

 

[thomaspaine23]

I often wonder where some of you get your information. Often times, like this post, it's pure speculation. If people lose their jobs who is going to have money to hand out? What about when that cash is worthless?

Give me a break. Some of you here don't have any sort of grasp of the economy. "Ron Paul says fiat money is bad. Therefore, I know about the economy, how it works, and what is likely to happen. I can't wait for the economy to blow up."

Again, give me a fucking break.

Awww poor baby.

Did I say FRNs??? No I said Money....
That could be gold,silver or even barter. All of which one technically one should report. As for speculation, um hello WTF is the stock market? SPECULATION....

Did I say I was rooting for an economic collapse? Nope.

I said IMO this will end badly. We have a shitload of people who have had faith in a system that will not be there when they need it. ALOT of them are unprepared.
ALOT of them are going to lose their retirement accounts. Hence ALOT of them will be pissed when the Next Bailout bill is requested.A number of economists are saying it would take 5 trillion to have a shot at working.

The credit markets are frozen, the CDS from Lehman and Wamu are coming due. (Oct 10th and Oct 24th) We will see what we will see.

 

[John E]

You made the whole point of RonPaulForums... that we need a change. No one ever expects change to be painless. Anytime change (good or bad) has occurred in the US on a macro level, it has been painful. I too, am a "fucking moron" as I cheer the fall of the Dow. I cheer the awakening of the American public to the state of our country's finances.

I, for one, welcome the coming of the financial crisis.

You never lived through the great depression... if you had, you wouldn't joke about the collapse of our economic system. If the economy goes, things will get REAL bad, worse than you imagine. Think modern day Russia with high unemployement, rampant corruption, drugs, sex trade, and worse.

 

[Kludge]

Yaaaaaay! Poverty!


As a side note, I purchased SHTF food for the first time today. 180 cups of delicious vegan goodness (not that I'm a vegan...).

 

[puppetmaster]

You never lived through the great depression... if you had, you wouldn't joke about the collapse of our economic system. If the economy goes, things will get REAL bad, worse than you imagine. Think modern day Russia with high unemployement, rampant corruption, drugs, sex trade, and worse.

hey that sounds like my life every day....

I just wish people would have paid attention for all these years now it going to get real real bad soon. i wish all the best of luck

 

[puppetmaster]

Yaaaaaay! Poverty!


As a side note, I purchased SHTF food for the first time today. 180 cups of delicious vegan goodness (not that I'm a vegan...).

can you say MSG!!!

stuff gives me a headache

 

[Kludge]

can you say MSG!!!

stuff gives me a headache

Fear not! Low sodium!

 

[LibertyEagle]

LE, our economy is debt-based. It's not that everyone has borrowed money. I had to laugh at my dad five or six years ago. He wanted a cell phone, and he couldn't get one because he had no credit. He had no credit because he had never taken out a loan in his life. He owned his own business and built two brand new houses. He sold his farm on contract. But he'd never taken out a loan.

I don't know what he's losing in this mess. I've told him over the last few months what was predicted. I don't know where his money is--if it's safe or not. He didn't prosper from personal debt.

But our economy is based on debt. Our prosperity as a nation has been financed. That's the false prosperity that's collapsing.

Yes, I understand. But, to make a blanket statement that we ALL prospered from our government's actions, is going too far. Many of us did not. We worked hard, lived within our means, are not in debt and never asked the government for a damn thing. So, to imply that we benefited from the government's debt, is not true. It in fact, it has cost us a lot of money all these years. Because we had to pay for the interest on the debt, either through our taxes, or through devaluation of our currency.

 

[rockandrollsouls]

Awww poor baby.

Did I say FRNs??? No I said Money....
That could be gold,silver or even barter. All of which one technically one should report. As for speculation, um hello WTF is the stock market? SPECULATION....

Did I say I was rooting for an economic collapse? Nope.

I said IMO this will end badly. We have a shitload of people who have had faith in a system that will not be there when they need it. ALOT of them are unprepared.
ALOT of them are going to lose their retirement accounts. Hence ALOT of them will be pissed when the Next Bailout bill is requested.A number of economists are saying it would take 5 trillion to have a shot at working.

The credit markets are frozen, the CDS from Lehman and Wamu are coming due. (Oct 10th and Oct 24th) We will see what we will see.

Excuse me? First and foremost, watch who you're messing with. I'm not gonna sit down while you run your moth, buddy.

You said cash. I can't think of most of the population that has silver or gold rounds readily available aside from some of the people here. Don't try to cover for your asinine statements by posting an unnecessarily long and stupid statement.