I'm Cheerin the Fall of the DOW!

[werdd]

You have no clue what you are talking about. Again, thank you for proving my point.

Please elaborate.

 

[Ninja Homer]

Great Depression...I don't think you realize what came of that. Even recently, when things went sour the government stepped in. There isn't really a positive side to that...whenever things have gone down the tube we have had more government shoved down our throats. You don't really need a detailed history book for that....all you need to do is take a quick glance.

I understand very well what came of the Great Depression, and I'm not disagreeing with you that if this turns out to be a depression the gov will step in and make things worse. What I'm saying, is that I think this will be much bigger than the Great Depression; it will be the collapse of an empire. To get a perspective on what may be happening, you have to look beyond US history, and look at what happens when empires collapse throughout world history.

Watch this video of Ron Paul talking about the bailout, and take note of what he says at about 3:15
http://www.youtube.com/watch?v=WL-9CV-qbMw

 

[JenH88]

Yippeee.. LOL.. finally got around to getting online for the first time today and saw the DOW.. lol, hadda call the hubby at work right away, came straight here afterwards- figured there would be more people to celebrate with.. LMFAOOOO

Oh.. but I just don't understand- the bailout was going to fix everything.. LMFAO..

 

[rockandrollsouls]

The bright side, rockandrollsouls, is that when you have completely lost your ass and pulled out what you have, you will still have something to wipe your ass with.

I've already said I've made a sizable amount of money and continue to do so. However, I do not wish for a market meltdown.

Please stop spreading misinformation. Again, who is the kid living with his parents making minimum wage and who is braced for a storm? I am very well off, but that's no excuse to pray for a collapse. It's asinine and shameful.

 

[rockandrollsouls]

I understand very well what came of the Great Depression, and I'm not disagreeing with you that if this turns out to be a depression the gov will step in and make things worse. What I'm saying, is that I think this will be much bigger than the Great Depression; it will be the collapse of an empire. To get a perspective on what may be happening, you have to look beyond US history, and look at what happens when empires collapse throughout world history.

Watch this video of Ron Paul talking about the bailout, and take note of what he says at about 3:15
http://www.youtube.com/watch?v=WL-9CV-qbMw

I cannot be sure if it will be the end of our empire or not, but my point is if we could have avoided a complete meltdown we would have avoided total government control. Even if our empire collapses, you can be sure the wealthy and government will capitalize while the people suffer.

 

[werdd]

I've already said I've made a sizable amount of money and continue to do so. However, I do not wish for a market meltdown.

Please stop spreading misinformation. Again, who is the kid living with his parents making minimum wage and who is braced for a storm? I am very well off, but that's no excuse to pray for a collapse. It's asinine and shameful.

look up the average salary of an Hospital IT employee. Stop spreading misinformation.

Is this guy managing your portfolio?

 

[fatjohn]

First of all. I think the positive approach to a market crash on this forums can be explained by hope that everyone will finaly come to recognition that government intervention will do no good and that everybody would start to listen to Ron Paul. So that this market crash will go in the history books as the start of a 1 year recession instead of a 10 year depression.
Then again i would like to ask rockandrollsouls or whatshisname why he or she is trying kick everybody against their shins. Why are you on this forum then? You can't possibly expect that everyone will adapt to your visionary way of thinking. We've registered your contribution, thank you. And i would like to add, yes i'm a college student, yes i still live with my parents (sort of) and yes i'll do fine thx. Wanna know why, because 1) my dad is like the peter schiff of this region. And 2) i think i think i'll have a significant chance on a job with my education, especially when the military builds up (not that i hope)

 

[RockEnds]

Rockandrollsouls is just mad he is going to lose his ass. And bashes realist, who have real jobs.

He had the same condescending attitude when Barr insulted us all, also. It seems to be in his or her nature.

 

[dealerjim]

I don't think anyone is cheering the fall because of what it means to the American people. I think it's more of a slap in the face of big government while they scramble to prop up their unsustainable empire.

I am far from "well off" and I also embrace the collapse of our economy. Congress voting for the bailout in the face of major opposition of the American people was the straw that broke the camels back for me. I know that, short of an economic collapse, we are light years away from making any real changes in government.

I'm sick of all the manipulation and collusion in these markets and more bureaucracies popping up left and right only expanding an already out of control government.

Without a collapse, we continue to stay on the same road we've been on for the last 91 years and that, to me, is far worse than taking the heat for it now. In order to make "real" changes in Washington, ie. abolition of the Fed, less government bureaucracies and sound money, we need an economic collapse.

I demand an accountable government of, by and for the people. Something we haven't seen in nearly a century. Without some sort of major crisis, it'll never happen.

Just my $0.02... I will now step down from my soapbox.

 

[rockandrollsouls]

look up the average salary of an Hospital IT employee. Stop spreading misinformation.

Is this guy managing your portfolio?

Listen, stop using IT as a cover for you working with spreadsheets. The IT specialists that make large sums of money have degrees and an education...you're some kid working with spreadsheets claiming you work in IT and it's a fallacy. You are lying to cover your ass.

 

[Scotso]

It's unfortunate, but if this is what it takes...

If the market continues to be craptastic despite the bailout that the government promised us would solve our problems, there's going to be a major backlash. A lot of those big government cheerleaders in Washington will be sent packing.

Hopefully our economy doesn't have to completely implode for the public to wake up, though.

 

[ghengis86]

No I never said I worked, what were you reading. I just said I am in great position, and I am.

And when I graduate college and pass the CPA exam I will be alright.
My family has never lived pay check to pay check and never will. Savings is a priority. Just because people are going to suffer because they don't make as much and spend their money like crazy does not mean I will. Completely different people, completely different philosophies.

you're talking about future events that haven't happened yet. when I will the lottery I'll be in a great position too. But that hasn't happend yet. who's to say CPA's will even be necessary after this whole meltdown?

 

[werdd]

Im not cheering on the collapse of this economy. I just understand the fundamentals of a fiat money system. It's death is as inevitable as death itself. It has never worked before, and will never work.

 

[rockandrollsouls]

He had the same condescending attitude when Barr insulted us all, also. It seems to be in his or her nature.

Are you serious? Barr didn't do one thing to insult you. I'm sorry your butthurt because he didn't go to Ron's conference, but that isn't directly related to you in any shape or form. What a ridiculous statement and comparison.

 

[werdd]

Listen, stop using IT as a cover for you working with spreadsheets. The IT specialists that make large sums of money have degrees and an education...you're some kid working with spreadsheets claiming you work in IT and it's a fallacy. You are lying to cover your ass.

Certifications pal, i didnt waste time on an inflated loan based degree.

 

[Scotso]

Listen, stop using IT as a cover for you working with spreadsheets. The IT specialists that make large sums of money have degrees and an education...you're some kid working with spreadsheets claiming you work in IT and it's a fallacy. You are lying to cover your ass.

You're rather angry and aggressive in this thread. Am I right in thinking you have a lot of money in the stock market right now?

 

[nbhadja]

you're talking about future events that haven't happened yet. when I will the lottery I'll be in a great position too. But that hasn't happend yet. who's to say CPA's will even be necessary after this whole meltdown?

Ya but the difference is that you have extremely small odds of winning the lottery. In fact, if you go to any decent university in a decent major and save a lot you should be alright.

 

[rockandrollsouls]

You're rather angry and aggressive in this thread. Am I right in thinking you have a lot of money in the stock market right now?

No, I made/am making a lot of money right now. If you took the time to read the previous posts, I wouldn't have to repeat myself. I am very well off, I made a lot of money by doing my homework, but I still don't hope for a collapse.

Angry and aggressive? Maybe because there are some punk kids lying through their teeth to validate an opinion. Two of them have yet to step into the real world....they don't know what they are talking about.

 

[Scotso]

Heh. Just called my folks back home and told them to buy the heating oil now while it's still relatively cheap, and to stock the freezer completely with venison come this deer season. Since I warned them about this a year ago, they listened quite intently today.

I warned my parents and sister a year ago that all this was just waiting to happen, and I took all of my money out of the stock market then. I really wished they had listened to me, but they only have themselves to blame, I guess.

Unfortunately I also see my inheritance dwindling when I look at this crash.

 

[Scotso]

No, I made/am making a lot of money right now. If you took the time to read the previous posts, I wouldn't have to repeat myself. I am very well off, I made a lot of money by doing my homework, but I still don't hope for a collapse.

Ah. So what you mean is you inherited a fortune from daddy. Congrats, give yourself a big pat on the back.