This economic meltdown is no accident folks

[Yucca]

I understand about derivative plays, and I am sure there has been alot of that, and this is what is causing a good bit of the problems.  I just do not think the effect will be as disastrous as to constitute a collapse.

You bring in a criticism of the non gold-backed dollar.  I would not mind a return to the gold-backed currency and have no quarrel with that.  But you are combining a couple of things here.  There is no indication that the U.S. government intends to simply print currency to get us out of this jam (in essence creating a back-door tax).  Absent evidence of this, I do not see how this is relevant.

In sum, my prediction is that there will be enough banks left standing to provide credit to most of those who need it - though perhaps not to all those who want it.  And I am sure mortgage and other lending practices will be tightened up and this will cause some problems for people, but we will all get through it.  The stock market will suffer, but people are generally not leveraged 10 to 1, like many were during the late 1920s, so there should not be as many people falling out of windows.  Most people should be able to hang on to their jobs, and while there will be some belt tightening, as a whole, we should survive this just fine.

Indeed there will be belt tightening, and of course most will survive this. A financial collapse doesn't necessarily mean poverty for all, just means big changes.

Anyway, my recomendation don't get into S&P or DOW just yet because the bottoms not quite in yet.

[Cap-Z-ro]

" http://www.youtube.com/watch?v=GqIFoBXGizc "

Thanks CT...that's it in its simplest terms.

That little clip makes it easy for even the least informed to understand...those who "do not understand" obviously have an agenda other that truth.

Regards...

[Freezer]

Lets just go along with mcCain and cough up a trillion for the rich folk so they can get richer.    No need for the peoples' approval, he found a great loophole.. mcCain, bush, obama, all the same...Gonna be a heck of a month..Good thing they brought in the soldiers to keep the peace..

http://www.youtube.com/watch?v=BI21rCfRgTs

[ResinRat2]

I was listening to the radio today, and the newscaster was interviewing an "expert" economic analyst. His advice to the federal government was to "restock" the banks with money. How about that!!!! Just print up what you need, dump it in the banks and everything will be just grand.

The irresponsible banks that made the irresponsible loans that created this mess should be "restocked" with cash so they can make more loans and get the economy moving again.

I don't need any more proof that this crisis is INTENTIONAL and meant to crash the dollar so the Amero can make its debut. Everybody can be a millionaire, but a loaf of bread will cost $1999.99 US dollars.

The newscaster blurted the obvious implication that this type of action would vastly increase the debt. To which the "expert" answered, "True, but unfortunately this is necessary to get the economy moving again."

What a load of fly-attracting cow pies!!! So it's necessary to jack up the debt to save us? Anybody who believes that is an ignoramus. Which includes most of the empty-headed blockheads in our government.

Not a happy day for the US, that's for sure.

[z.monkey]

Howdy Y'all,

Loaning money into the economy is assuring our destruction.  The politicians know this, the bankers know this, and the Illuminati know this.  The only way to SAVE the economy is to pay money into it.  Pay money to individuals so that they can pay off their debts and not have to pay interest.  Usury, interest, and taxation are literally killing the USA.  The only way to get out of this crisis is to declare usury, interest and taxation illegal.  Without loaned money people wouldn't be able to rack up unimaginable debts in the first place.  Then we would have to worry about bailing out people who are leveraging 5 times more than they are worth on paper.  When people need money give it to them, don't loan it.  Make the stipulation on the given money that they pay it forward and help out someone else.  Without loans there is no debt.  Everything about the current banking scheme works backwards from the way a sane and rational society should work.

Kill the Federal Reserve and 90% of the problem goes away...

The treasury can issue the money it prints just fine by itself...

Blessed Be...