Showing posts with label Great Depression 2. Show all posts
Showing posts with label Great Depression 2. Show all posts

Friday, October 10, 2008

T-minus a few days till the riots start



At the start of Friday's session, losses for the year totaled a staggering $8.3 trillion, as measured by the Dow Jones Wilshire 5000 Composite Index.
A stream of selling forced exchanges in Austria, Russia and Indonesia to suspend trading, and those that remained opened were hammered. The rout in Australian markets caused traders there to call it "Black Friday."

Global stocks sank;
  • Britain's FTSE-100 down 8.09 percent
  • German's DAX down 9.4 percent
  • France's CAC-40 down 9.7 percent.
  • Japan's Nikkei 225 down 9.6 percent

In midmorning trading, the Dow fell 197.61, or 2.30 percent, to 8,381.58.

Thursday, October 9, 2008

Stocks Plunge Again; Dow Under 8,600


U.S. Assurances Offer Little Comfort to Traders

A late-day decline once again pushed the markets down sharply, with the Dow falling more than 600 points.

The Goverment is now considering cash injections into many of the nations banks to alleviate the spriling trend. The Treasury Department is also considering taking ownership stakes in many United States banks, the White House said Thursday.

Seriously, if you have not bought up some gold, now is the time to do so. Liquidate all your assests, bury everything, and buy up as much batteries, bottled water, and canned food as you can manage. Its only a matter of time before North Korea and Iran strike. Lets be prepared.

Monday, October 6, 2008

Great Depression: Take Two

They laughed when I said it was coming. This is not going to be pretty.


Excuse me while I bury my $30,000 loan in the backyard.