Dude, Wall Street just dropped another 700 points

That would be one wonderful outcome for sure but aint that along the lines of the dreaded red word?, lol

No seriously why not share tractors, cars, tools and ect??

 

I should do some research, but the reason why I'm skeptical is that the GDP today isn't calculated the same way as it was back then.

Back then money meant gold, literally. These days, I know for instance, that tech companies and banks can take out loans from other banks or investors, and claim them as assets. In 1929, those would be in the minus column.

So, the GDP calculation of today is all fairy-tales and fraudulent. Germany, in 2001, placed a formal complaint with the IMF that the U.S. GDP be calculated like every other country, to no avail.

Additionally, I just read the headlines and it said this was the worst week for the markets ever; so there's you comfirmation.

Vide: http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-101008.aspx

 

The stock market really means very little. We are seeing a deflationary spiral at the moment, but this is only the beginning of it. We won't see things really begin to unravel until the hyperinflation kicks in, which could be several months to a year or more.

The markets will probably drop a couple thousand more points in the coming weeks, then stay there for a while.

 

I actually would hazard to guess:

1) short-term deflation due to credit freeze;

2) hyperinflationary spiral due to divestment away from the dollar;

3) long-term deflation over a decade or more as the value of the dollar bottoms out.

Whether item nos. 2 and 3 are going to generate a war on a larger scale as the U.S. loses hegemonic status, remains to be seen.

 

Oh, the US is definitely going to lose hegemonic status. This was planned and written about in Club of Rome publications going back to the early 70s. They said that they would first decimate the country's manufacturing capabilities, then implode the economy.

 

I read excerpts of that. Malthusians are crazies.

 

Its The Obama Sell-Off

nobody is going to be playing adult in Washington these next four years.

The higher Obama went in the polls, the lower stocks dropped; these people know something.

I shudder to think about Russ Fiengold, Chuck Schuemer, Nanci Pelosi, Gerald Nadler, Barney Frank, Maxine Waters, Charlie Rangel and others running around Washington, un-checked by media scruitiny or viable political opposition. It will be a long 4 years. Poor Obama
These Congressional Brahamins are going to roll him over.

 

So do I.

Unfortunately Team B isn't any better.