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 08-04-2011, 07:00 PM | #1 | Senior Member Join Date: May 2011 Location: Cleator, AZ Posts: 1,023 |  Dow dropping- SHTF begins?
Markets in the USA and world markets dropping fast. Is this the beginning of the end? Is Italy the key? If it fails does everything fall? The US congress was told by credit companies to reduce the debt or else, so they raise the debt limit another $2.4 trillion instead. Is there no one in charge in Washington that knows anything? Is it time to start sand bagging your house? To stop bullets instead of flood water. What do you guys think?  __________________
Times are tough - Keep your powder dry | 
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| 08-04-2011, 07:06 PM | #2 | Supporting Member Join Date: Feb 2011 Location: Tollesboro, Ky Posts: 1,280 |
Might very well be.
Obama is having a good time at his Birthday party. | |
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| 08-04-2011, 08:26 PM | #3 | Senior Member Join Date: May 2011 Location: , FL Posts: 645 |
Quote:
Originally Posted by hiwall
Markets in the USA and world markets dropping fast. Is this the beginning of the end?
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Yes! Hurry! Run for them-thar hills! Get you BOB and Go! Don't wait! Drop everything! Quick!
Why are you even READING THIS?!? GO! NOW!
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I'll see you when you get back.
 __________________ "Ideology deludes, inspires dishonesty, and breeds fanaticism. Facts, experience, and logic are much better at leading you to the truth."
"Despite the conviction and seeming depth of knowledge with which ideologues speak, they are intellectual weaklings--joiners--who defer to systems of belief and charismatic gurus for their ideas." -- Daniel J. Flynn
GOA | |
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| 08-04-2011, 08:54 PM | #4 | Dead Wolves = Good Wolves Join Date: Nov 2009 Location: Rochester WI, Rochester WI Posts: 8,314 Liked 4 Times on 4 Posts
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Quote:
Originally Posted by hiwall
Markets in the USA and world markets dropping fast. Is this the beginning of the end? Is Italy the key? If it fails does everything fall? The US congress was told by credit companies to reduce the debt or else, so they raise the debt limit another $2.4 trillion instead. Is there no one in charge in Washington that knows anything? Is it time to start sand bagging your house? To stop bullets instead of flood water. What do you guys think? |
2016 or so Maaaaaybe but not yet. we havent even got to the point where there re riots and people roasting each other on spits like what happened in several euro socialist utopias when they collapsed. __________________
"Gun control: The theory that a woman found dead in an alley, raped and strangled with her panty hose, is somehow morally superior to a woman explaining to police how her attacker got that fatal bullet wound." — L. Neil Smith
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A Liberal lives life fearing the evil a man might do. A Conservative lives life celebrating the good a man does. -JonM | |
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| 08-04-2011, 08:58 PM | #5 | Senior Member Join Date: Jul 2009 Location: , Upstate NY Posts: 478 |
When "The Bama Birthday Bash" is over maybe "The Fat Lady Will Sing"......
OC __________________
"magbum" | |
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| 08-04-2011, 10:01 PM | #6 | Member Join Date: Jul 2011 Location: Orlando, Florida Posts: 71 |
local tv news had an investment adviser on tonight that said he is all out of the market and that he is 100% cash. Why in the world would you have a guy like this come on tv and say something like that? To scare everyone??? I think much of this is media driven! I expect the markets to drop even lower in the next couple of days and weeks.
Our goverment new the market was close to an adjustment. The debt cealing talks are not all the blame but has much to do with it. We are still feeling the fall out from the banking industry BS.
We all need not panic or it will make it all worse. Remember when we all lost money in the our 401's and such when the stock market crashed a few year back. Many people pulled thier monies out and place them elsewhere and never recovered. Some stayed with what they had and if you had you would have recuoped all and then some by now.
Relax, it is just an adjustment. I am not a finaicial adviser and this is just my opion.
Mark
MLR Distributing | |
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| 08-04-2011, 10:05 PM | #7 | Senior Member Join Date: May 2011 Location: Cleator, AZ Posts: 1,023 |
This was somewhat tongue-in-cheek. I'm not running the 30 miles to town to buy up all the toilet paper and Frosted Flakes. I was just interested to see if anyone thought this might be the start of the downfall. If the USA ever does fail, Congress will have to debate it and just think how long that will take. So we have plenty of time to get a years supply of Ding Dongs and Hohos. __________________
Times are tough - Keep your powder dry | |
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| 08-04-2011, 10:06 PM | #8 | Dead Wolves = Good Wolves Join Date: Nov 2009 Location: Rochester WI, Rochester WI Posts: 8,314 Liked 4 Times on 4 Posts
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that "investment advisor" is a moron lol its cash thats gonna be worthless. well its not worth much as it is now. that 2.5 trillion obama and congress just approved in spending doesnt exist the chinese dont have it no one has that much. geitner is just gonna print it. __________________
"Gun control: The theory that a woman found dead in an alley, raped and strangled with her panty hose, is somehow morally superior to a woman explaining to police how her attacker got that fatal bullet wound." — L. Neil Smith
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A Liberal lives life fearing the evil a man might do. A Conservative lives life celebrating the good a man does. -JonM | |
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| 08-04-2011, 10:08 PM | #9 | Sic Semper Tyrannis Join Date: Nov 2007 Location: , The Mother Lode Posts: 18,437 |
There is enough hundred mile an hour tape to hold things together until at least the 2012 elections. That is guaranteed to be a very interesting time. After that, who knows? __________________
Ineptocracy (in-ep-toc’-ra-cy) - a system of government where those least capable of leadership are elected by those least capable of producing, and where the members of society least likely to succeed or provide for themselves are rewarded with goods and services paid for by wealth confiscated from a diminishing number of people who actually work and produce.
ΜΟΛ'ΩΝ ΛΑΒ'Ε | |
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| 08-04-2011, 11:58 PM | #10 | Unapologetically American Join Date: Sep 2010 Location: Memphis, The volunteer state Posts: 1,236 |
I honestly don't think there's much drop thus far. Last year was had a bigger one. | |
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