Today, I Am NOT Cheering the Fall of the DOW

freelance said:
Someone needs to tell Bernanke to SHUT UP. The market has begun to tank ever since he started his blathering on TV.
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:D

If only his meek little voice did not SHAKE so much when he speaks. Somehow it does not evoke confidence. :) It sounds like he is scared to death.
 
I keep having this scene like A&E's Intervention going through my brain:

There is a large room where multiple people are sitting in a circle. Ben Bernanke, Alan Greenspan, the Bush Administration, and a handful of CEOs from Fannie, Freddie, Goldman, AIG, and others (such as Representatives and Senators) are a part of the circle along with many, many Americans. The intervention counselor is sitting at the head of the circle, between me and Paulson. She has a stack of documents on the floor sitting next to her chair and she is holding a legal tablet. The officials present look like they want to be anywhere else but there and some Americans are crying, others look frustrated, and the rest just look completely pissed off.

Counselor: "Courtney, how did it make you feel when you found out the House passed the revised Senate bailout bill?"
Courtney: "I was so upset," I sniffle, "I mean, I called all of my representatives and senators, called a lot of other representatives and senators, faxed and emailed them all too and it was like, whatever... they didn't want to listen to me."

The counselor nods for me to continue. I dab my eyes with a tissue.

Courtney: "It's like... I work so hard, I go to school, I try and do everything I'm told to do, and they," I gesture angrily at all of the officials there, "don't give a shit! I mean, they'd rather get their money fix no matter what -- and they don't care how it affects those around them."

The counselor then looks sternly at some of the officials. Ben Bernanke is rolling his eyes along with Barney Frank and Nancy Pelosi.

The counselor sighs. I burst into tears.
 
TonySutton said:
I relate this to finding out you have cancer. Is it terrible? Yes... Is the cure bad? Yes... Will you be happy once the cure has rid you of the cancer? HELL YES

It just sucks until you get through it, but to get healthy again, we must get through this.
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Most people who get cancer die from it, they don't recover.

Those that do recover are almost never "better" than they were before they got it.

This economic collapse helps no one.
 
I'm not cheering the fall, but I'm relieved to see it happen.

The way I see it, this is as a tidal wave set to unleash. The longer it swells up, the more devastating the results will be. I believe that the sooner this happens the less severe it will be. Mercy is in a swift execution.
 
enjerth said:
I'm not cheering the fall, but I'm relieved to see it happen.

The way I see it, this is as a tidal wave set to unleash. The longer it swells up, the more devastating the results will be. I believe that the sooner this happens the less severe it will be. Mercy is in a swift execution.
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Hear here!
 
come on you guys, seriously. stop cheering the fall of the dow. can't you see that even if you are sympathetic to the effects of a collapsing economy on the regular citizen, you can't enjoy the fall of a corrupt system? jezz
 
Cleaner44 said:
Let it tank. Let this whole phoney system of unsound money collapse into a heap.
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If there was any chance of this coming of the fall of the current system I would clap and cheer.

Unfortunately we will get more big gov and more corporatism to replace the current big gov corporatism.
 
Malakai said:
If there was any chance of this coming of the fall of the current system I would clap and cheer.

Unfortunately we will get more big gov and more corporatism to replace the current big gov corporatism.
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Maybe if that happens the sheeple will awaken from the comfy beds of apathy!
 
for all those people who want the economy to tank so that a new "sound" economy can emerge.... what makes you so certain that any new economy will be any better? What makes you think that the people in power are just going to fold and hand it back to the People?

I agree that the only way to get the nation's attention is for the House of Cards to collapse, but we can already see that they don't understand WHY it is collapsing. You see it on the news and in the Congressional debates and even in the hearings the last two days. They are blaming it on deregulation, predatory lending, and greedy Wall Street executives.

If Congress, the media, and the American People don't understand how this happened then why on earth would we except the "next" system to be any better? In many cases it will be WORSE. You can already see this! They are asking for more money to be pumped in, and more regulation. Their solution is more of the same thing that caused the disease!
 
TruthAtLast said:
If Congress, the media, and the American People don't understand how this happened then why on earth would we except the "next" system to be any better? In many cases it will be WORSE. You can already see this! They are asking for more money to be pumped in, and more regulation. Their solution is more of the same thing that caused the disease!
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I guess we're desperate and at a crossroads. Roll the dice and see what flies? The result is bound to be ugly, I agree. If it doesn't crash on its own, we can always try to blow it out of the skies like the Federal Reserve.
 
I'm not convinced

that bush has not planned this. He has been secretly planning the nau for many years. It looks like him & congress has done everything they could to distroy the dollar. I think it's the amero & the nau next. Anyone here know how the eu was started.
 
I'm cheering the fall.


I have a ton of money in the market too.


to quote Benjamin Graham
"The intelligent investors loves the bear market"

or something like that :D
 
TruthAtLast said:
for all those people who want the economy to tank so that a new "sound" economy can emerge.... what makes you so certain that any new economy will be any better? What makes you think that the people in power are just going to fold and hand it back to the People?

I agree that the only way to get the nation's attention is for the House of Cards to collapse, but we can already see that they don't understand WHY it is collapsing. You see it on the news and in the Congressional debates and even in the hearings the last two days. They are blaming it on deregulation, predatory lending, and greedy Wall Street executives.

If Congress, the media, and the American People don't understand how this happened then why on earth would we except the "next" system to be any better? In many cases it will be WORSE. You can already see this! They are asking for more money to be pumped in, and more regulation. Their solution is more of the same thing that caused the disease!
Click to expand...


In short we can't. However, I think the same argument was made in 1776.
 
So Thursday and Friday of this week are the biggies,

http://www.globalresearch.ca/index.php?context=va&aid=10474

This is what the bailout was for IMO. If there are a lot of contracts covering lehman's bad paper, many firms could go under. This will be the peak of the crisis IMO (Oct 9th and 10th).

In addition I think AIG CDS stuff comes due Oct 24th. So even if the financial system makes it through Lehman, we still have a big unknown coming down the pike.
 
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