I'm Cheerin the Fall of the DOW!

[ihsv]

I think the only redeeming aspect of the stock market sailing off the cliff right now is that it shows the bailout to be ineffectual, so long as it continues to drop over the coming days. If it starts going back up, then the bailout will be hailed as a success.

All in all, this isn't a good thing. What this means is the rapid ushering in of Martial Law, and we have no time left to prepare or spread the word. I believe we're headed for a period of suffering unequaled in the history of the world. And while I understand people's hope that this may wake Amerika up, I have a sinking feeling that those who have engineered this collapse have considered that and put in place appropriate precautions.

The majority of Amerikans haven't prepared for this, and the starving, confused, materialistly-soft masses are ill-prepared or equiped to change things. They will be ripe for any propoganda passed their way by the "authorities", and will willingly consent to whatever conditions are imposed to "keep them safe". The necessities of life will become more important than ideology, liberty, or even the constitution.

Just my two cents

 

[wizardwatson]

In case you haven't noticed, this is world wide, from Iceland to brazil not just America. When there is a world wide economic crisis governments start major wars, not little bitty ones like Iraq.

I understand that. My point is only that I feel, by restoring the status quo there is less chance of a needed revolution. The status quo only feeds the various State mechanisms around the world and they only get bigger. The harder and faster the correction, the more damaging to the state.

Of course the state will lash out if it is injured or its power is in jeopardy. And I understand the ramifications. But I myself am beyond believing that we can change the State internally, whether its here in Iceland or Brazil. I think the model is broken. It must be allowed to implode.

Propping it up for safety's sake comes at the expense of liberty.

 

[parke]

be careful what you wish for..

 

[ARealConservative]

I must politely disagree with you. In the long term, a crash/correction is a natural part of our "mixed" economy. If you do the reading suggestions that have been made in the depression reader and so on, you'll get a better understanding of this. The current crash is a direct result of government's moving away from laissez faire to socialism and fascism.

~heavenlyboy~

If you were to study history, you would find that government gets more powerful with each and every calamity.

All this crash will do is scare people into voluntarily giving up more of their freedoms in the name of security.

 

[rockandrollsouls]

If you were to study history, you would find that government gets more powerful with each and every calamity.

All this crash will do is scare people into voluntarily giving up more of their freedoms in the name of security.

I've said that numerous times, but people don't listen and say what they think will happen in their estimation. Just go browse a couple pages back. We have sheep among us

 

[Ninja Homer]

You should read up on some history....and I don't mean it offensively. If anything, this prevents a grassroots revolution. Whenever a crisis like this takes place it's used as a massive power grab for the government...we will be fighting more regulation, intervention, abuse of power, and that's if we are lucky enough to still have some of our civil liberties at the end of this. This is a major setback.

What history are you referring to? I don't think this is just a simple stock market crash, or even the Great Depression. This is the falling of an empire that spread itself too thin on credit backed up by nothing. Throughout history, this is how all empires end. All governments become corrupt within about 200 years, and then it is up to the people to rise up and remove the corruption.

I'm definitely not cheering this, but as in almost every situation, there's a positive side to go along with the negative. Millions of people are now waking up to what we've been trying to tell them for so long. I think the federal government has gone beyond the point of repair. If we want to live in a free country, the federal government has to collapse and the people need to rise up and take their country and liberty back.

It has never been more important to spread the message. Explain to people why this is happening, and more importantly, what we need to do to fix it. If there's a complete collapse, we're going to need all the people we can get to restore a sound government.

 

[Cleaner44]

Then you are a fucking moron. A market crash is not good for anyone. You should be hoping and praying we make it out of this with some sort of positive.

You are the moron! I am making a killing from this crash. Every 1% the market goes down, my investment goes up 2%. Not to mention that we need to collapse this bubble and get back to sound money.

 

[rockandrollsouls]

You are the moron! I am making a killing from this crash. Every 1% the market goes down, my investment goes up 2%. Not to mention that we need to collapse this bubble and get back to sound money.

I daytrade for income...I've already made a sizable amount of cash if you've read my posts...and I'm making a lot more than 2%. Doesn't mean I'm hoping it crashes, even if I make money on it. How much is that money worth when no one is willing to take it?

 

[nbhadja]

Then you are a fucking moron. A market crash is not good for anyone. You should be hoping and praying we make it out of this with some sort of positive.

The market WILL CRASH GUARANTEED. It is just a matter of when. The sooner the market crashes, the easier it will be for us to take over.

This is great news as it shows once again that the bailout only makes things worse.

 

[rockandrollsouls]

The market WILL CRASH GUARANTEED. It is just a matter of when. The sooner the market crashes, the easier it will be for us to take over.

This is great news as it shows once again that the bailout only makes things worse.

Another college kid with no grip on money or reality....

It's far from great news.

 

[nbhadja]

Change doesn't mean you cheer as people lose their jobs and livelihood to endure suffering. What about all the honest people that worked hard and are now exposed due to the bad decisions of a few? What if you lose YOUR job because of this? Will you still be cheering?

I will never welcome a financial crisis, and I don't think anyone who truly understands economics does. I welcome the liquidation of bad debt and cleansing of the system...but you should never be happy to see an economy crash and burn. You guys don't know what you're saying and it's sick...but that's where Karma comes in. When you can't afford the internet to make your asinine posts I'll know you'll be cheering in an unheated household with little or no food. You'll have what you wanted

Unfortunately that will have to happen in this change. A one year recession vs a 10 year depression. The government created this mess and there is no way to avoid it but I would easily pick the one year recession over the 10 year depression.

 

[werdd]

Another college kid with no grip on money or reality....

It's far from great news.

What, the fall and crash of our fiat money system? The realization that all currency backed by debt has historically failed, and will always fail? The acceptance of the austrian school of economics?

Im cautiously optimistic, because of the nature of our goverment.

But i think it is both necessary and inevitable.

 

[rockandrollsouls]

Unfortunately that will have to happen in this change. A one year recession vs a 10 year depression. The government created this mess and there is no way to avoid it but I would easily pick the one year recession over the 10 year depression.

So you think a 10 year depression is good? Ron himself has said the crashing of the markets is not good. It's not necessary. Liquidation of bad debt is necessary, but you don't need to destroy an economy to do that.

 

[ghengis86]

If you were to study history, you would find that government gets more powerful with each and every calamity.

All this crash will do is scare people into voluntarily giving up more of their freedoms in the name of security.

okay, I get Rockandrolls' point and yours as well; stock market crash leads to more government. is there anything that leads to less government? what about the financial distress of taxation that was imposed on the colonists? wasn't it king georges expansion of goverance over the colonists that stoked the revolutionary fires? And what about the economic boom following the war of 1812 and napolenonic wars? In this time the Second Bank of the United States was charted, even though there was no recession.


but while i'm looking for more counter examples, could you provide a support example with any of these crashes (greater than 37% decrease in DJIA value):

1901-1903
1906-1907
1916-1917
1973-1974
2000-2002

 

[rockandrollsouls]

What, the fall and crash of our fiat money system? The realization that all currency backed by debt has historically failed, and will always fail? The acceptance of the austrian school of economics?

Im cautiously optimistic, because of the nature of our goverment.

But i think it is both necessary and inevitable.

Another kid with no grasp of reality


It seems to me those that understand economics and deal with it in their day to day life are the ones that are against the crash, while those here that think they know it because they here Ron talk about it are cheering for a crash.

 

[Dorfsmith]

The crash is going to happen either way. Some will be happy and some will be sad. How we feel is not going to change anything in the end.

 

[rockandrollsouls]

Werdd and nbhadja, let me ask you this. Can you take care of yourselves? Are you living on your own, or are you still living off mommy and daddy? If the latter is true, I wouldn't be hoping for a crash...you guys should be the last to talk.

 

[rockandrollsouls]

The crash is going to happen either way. Some will be happy and some will be sad. It's not going to change anything in the end.

You're spot on. People here think the crash will finally shake the government off and it's exactly the opposite. We will be fighting a harder fight. How many members of congress have you heard say what Ron does? Certainly not the majority. They want MORE government.

 

[nbhadja]

So you think a 10 year depression is good? Ron himself has said the crashing of the markets is not good. It's not necessary. Liquidation of bad debt is necessary, but you don't need to destroy an economy to do that.

The government is hell bent on inflation still. The Fed just announced a 300 billion dollar "loan" today. It is going to happen sadly.

 

[werdd]

Another kid with no grasp of reality


It seems to me those that understand economics and deal with it in their day to day life are the ones that are against the crash, while those here that think they know it because they here Ron talk about it are cheering for a crash.

Why is your supposed grasp of reality superior to mine?

It's going to happen, its going to hurt, its going to be bad. But im prepared, and anyonelse who understands what is going should be as well. It's not a big deal to me now that it is happening, i have been preparing myself mentally for this for years now.

But it is necessary, for the system to fail. You are taking the leeb perspective of this arguement.