I'm Cheerin the Fall of the DOW!

[RickyJ]

Just think, if we didn't hurry and rush through the bailout, the market would drop! Good thing they did. Oh, my bad, it's dropping anyway.

So now the congress critters can pass a new bill canceling the bailout.

But we all know they won't do that.

 

[brandon]

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.

Exactly.

Just look at the expansion of the government under FDR following the first great depression.

And there is nothing to indicate things will be any different this time. We are only in the beginning of the crash and the government already passed this 700b bailout plan. The media is controlled now just as it was a year ago, and TPTB are still able to make the general public believe and support anything that they want. Our sphere of influence is extremely limited.

Sure, maybe the history books will show that we were right all along. A future generation may look back at us and realize we were the people claiming the earth orbited the sun while the status quo was yelling "blasphemy!" That doesn't help us now though.

 

[EvilNight]

I'd also like to point out for people that we have no frame of reference AT ALL for how fast the reorganization of the market will take place after the collapse. Historically it has always taken a long time, however, THIS time for the first time we have a fast, well connected economy with computers in the mix. Communication happens so much faster these days than ever before. This will have an effect on the market. I think it means we will fall faster, but bounce back faster as well.

Just take Ron's campaign as an example. Something like that would have been impossible to organize so quickly without modern communications. You can pat yourselves on the back for the amount of time Ron has been getting in the media these days. The market will be no different. People can use these tools independently to organize their communities and local economies as well.

 

[Join The Paul Side]

I think the Market is showing Bush, Paulson, Bernanke, and Congress that it is more powerful than their 'Bailout' and regardless of what they do it will correct itself.

 

[rockandrollsouls]

I don't get it; why do you think I'm cheering your father's demise? Or anyone elses for that matter? The collapse of our financial markets in the face of all the government interventions and subsidies is a wonderous thing to behold.

Hardly. Look at what it gained the biggest socialist in the history of our country....the title as "One of the Best Presidents" the US has had..mistakenly of course. History shows that this has always been detrimental to freedom.

Wondrous? Maybe to you at this point in time....certainly not in the long run.

 

[NEPA_Revolution]

Burn Baby Burn!

http://www.youtube.com/watch?v=-opY4qcidFk

 

[hopeforamerica]

Exactly.

Just look at the expansion of the government under FDR following the first great depression.

And there is nothing to indicate things will be any different this time. We are only in the beginning of the crash and the government already passed this 700b bailout plan. The media is controlled now just as it was a year ago, and TPTB are still able to make the general public believe and support anything that they want. Our sphere of influence is extremely limited.

My only hope is that we have enough people that are awake to help prevent the power grabs!!! The difference between now and then is we have the internet (pray we have it for a long time!) When I look at the comments on articles about the crash, I'm happy to see that most people understand that the bailout was a terrible thing. Keep on educating as many people as you can! We need to fight as hard as we can.

 

[rockandrollsouls]

I'd also like to point out for people that we have no frame of reference AT ALL for how fast the reorganization of the market will take place after the collapse. Historically it has always taken a long time, however, THIS time for the first time we have a fast, well connected economy with computers in the mix. Communication happens so much faster these days than ever before. This will have an effect on the market. I think it means we will fall faster, but bounce back faster as well.

Just take Ron's campaign as an example. Something like that would have been impossible to organize so quickly without modern communications. You can pat yourselves on the back for the amount of time Ron has been getting in the media these days. The market will be no different. People can use these tools independently to organize their communities and local economies as well.

You don't have any evidence to show it will be fast. You do not know what you are talking about. They've already introduced more government intervention, and that always slows down a recovery. Ron even said it himself....before that bill passed he said it would "Guarantee" a 10 year depression! That's not to be taken lightly!

 

[EvilNight]

You don't have any evidence to show it will be fast. You do not know what you are talking about. They've already introduced more government intervention, and that always slows down a recovery. Ron even said it himself....before that bill passed he said it would "Guarantee" a 10 year depression! That's not to be taken lightly!

All I'm saying is that whatever happens, the time scale will be compressed because of modern communications. I've watched it happen all my life in every single industry ever touched by computing and communications technology. The market will be no different. If Ron says a 10 year depression, communications will reduce that by a substantial amount. My own guess would be 2-3 years but I've no basis for that other than what I've seen happen in other industries. The only thing I can say for sure is that it will make a visible difference, and you'll be reading articles about it when people begin to study these times after we're through it all. It's new, and it's interesting, and there will be new lessons learned from it.

 

[rockandrollsouls]

All I'm saying is that whatever happens, the time scale will be compressed because of modern communications. I've watched it happen all my life in every single industry ever touched by computing and communications technology. The market will be no different. If Ron says a 10 year depression, communications will reduce that by a substantial amount. My own guess would be 2-3 years but I've no basis for that other than what I've seen happen in other industries. The only thing I can say for sure is that it will make a visible difference, and you'll be reading articles about it when people begin to study these times after we're through it all.

It has nothing to do with communications and everything to do with government intervention. You are talking nonsense with nothing to back it up.

 

[RonPaulCentral]

Go back and read my other posts. You deserve every harsh word you get, buddy. You're not immune from a collapse, and most of the posts cheering a total failure are from little kids who live with their parents. Get a grip.

I am not a kid living with my parents. This needs to happen... I am for a complete crash.

 

[dsentell]

The market is going to crash, I believe that most of us know and believe that.

Yes, whether the crash is today or next year, it is going to be very painful for everyone.

I, for one, believe that we are going to have to hit bottom for the reset button to be pushed and for things to start to turn around.

IMO, the sooner the crash, the sooner the turnaround. For that reason, I, too, am cheering the crash.

 

[Gin]

I think the point in the cheering here is not for the demise of everyday Americans so much as hoping it will awaken more Americans to what our Government is up to...

They had to rush the bailout or the markets would drop 2000 points... ok so they passed the stupid bailout and now look... the markets are dropping in record numbers... so we taxpayers owe 850 billion dollars and still our life savings is being lost.... go figure...

As far as Brandon your Grandfather.. I understand.. My dad died this past May and all that he left for my mom was in investments... she was a stay at home mom..she has no pension... she is losing her livelihood. I worry about her.. but I know the quicker this happens, the quicker it can come back.. in the meantime.. pull what savings you can.. so you have $$$ needed for the next 5-10 yrs and ride the rest...

As far as me.. I am already poor and just lost my job... but I would rather this happen sooner than later... get it over with already.... let's get someone in office that knows what they are doing... if it's so important that the big bankers on wall street get bailed out... how about the billionaires do it?? hey what a novel thought.

 

[wizardwatson]

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.

Well, I guess, my angle is that the faster it happens, the more out in the open the State's methods would be. And my hope is that more people would see it for what it is. Should have put a disclaimer (IMHO) on the whole post, but I still think a gradual crash would be worse.

As far as power-grabbing. I think Oct-3 was the last bit of power they needed. The grabbing has already happened. Now it is about when and how they will use it. Incrementally, or forcefully and all-at-once.

Additionally, if a major Argentina-style collapse were to happen within say a few months, the US simply doesn't have the forces to quarantine the US population in some kind of martial law scenario. My basic thinking is that we need market chaos/economic chaos before those forces are in place.

But I know this argument is not air-tight and you could argue it the other way. But after the failure of the RP campaign (though a success in many ways) I really am having my doubts that a revolution of sound money and liberty is going to happen on this planet without the seeds chaos and the fertilizer of a lot of sweat and tears.

 

[rockandrollsouls]

Guys, you're forgetting one thing. Since when has any crisis warded off government? It's only magnified it exponentially.

Saying, "I think it will recover more quickly" or "We can start to work once it crashes" is nonsense. That's never been the case.

 

[EvilNight]

It has nothing to do with communications and everything to do with government intervention. You are talking nonsense with nothing to back it up.

The government is merely one facet of these events. The damage they do is irrelevant to my point - it won't be as bad as it would have been without modern communications.

 

[rbu]

It's like a drug addict. We have to hit bottom before it will turn around. Very few addicts decide to change before they hit bottom, whatever their individual bottom is.

 

[dsentell]

It's like a drug addict. We have to hit bottom before it will turn around. Very few addicts decide to change before they hit bottom, whatever their individual bottom is.

Exactly.

Don't grab a knife while it is falling through the air, let it hit the ground, then pick it up.

 

[klamath]

First you have to decide whether an economic collapse is necessary for a grassroots revolution to take place. I think it is. Second you have to look at it strategically. In my opinion, the longer the collapse takes place, the more the enemy (current system operators) have to organize and supress a grassroots revolution. Conversely, the faster it happens, the easier it will be for grassroots organization to happen, and the less chance that the tools they would use (internet and other communication systems like phones) will be adversely affected.

So I am rooting for a hard and fast crash.

As far as people suffering goes. Big whip. A million Iraqi's dead after countless others starved to death with sanctions. America consuming 80% of worlds savings to keep its epitome-of-malinvestment-insane-consumer-economy pumping away. Dead Vietnamese for no reason. Dead troops for no reason. Carcinogens in the food and water. Government financed drug war that benefits both government and drug cartels. Africa starving to death. IMF propping up ruthless dictatorial regimes. The list goes on and on.

So while blindly wishing for disaster may be childish. Please don't bloviate about Americans and their ill-gotten 401k's and their college fund. War always comes home. And American's have been far to complicit and enabling as a whole and don't deserve any more or less than the starving Africans.

We need to right the system. The faster the better.

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.

 

[heavenlyboy34]

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.

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~