Dow dropping- SHTF begins?

Discussion in 'Survival & Sustenance Living Forum' started by hiwall, Aug 4, 2011.

  1. hiwall

    hiwall Well-Known Member

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    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?:confused:
     
  2. towboater

    towboater Well-Known Member

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    Might very well be.
    Obama is having a good time at his Birthday party.
     

  3. knfxda

    knfxda New Member

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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.

    :D
     
  4. JonM

    JonM Moderator

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    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.
     
  5. OC357

    OC357 New Member

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    When "The Bama Birthday Bash" is over maybe "The Fat Lady Will Sing"......:D

    OC
     
  6. MLRDist

    MLRDist New Member

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    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
     
  7. hiwall

    hiwall Well-Known Member

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    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.
     
  8. JonM

    JonM Moderator

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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.
     
  9. CA357

    CA357 New Member Supporter

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    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?
     
  10. Scratchammo

    Scratchammo New Member

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    I honestly don't think there's much drop thus far. Last year was had a bigger one.
     
  11. dunerunner

    dunerunner New Member

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    The trigger will be a rapid and unimaginable rise in food, gas and commodities. At that point, you can start to worry.
     
  12. opaww

    opaww New Member

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    Any major change in the country's finances and political control the stock market drops. Sometimes worse and sometimes not so bad, but either way it is a waiting game to see where and what happens.
     
  13. DrGonzo11

    DrGonzo11 New Member

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    I think the drop is just the market righting itself back to the correct level. It grew, for seemingly no real reason after last year 800 point drop, to levels that nobody predicted or understood.

    Where the real problem lies is in the volatility of the European markets, Italy and Spain are about to fall off a cliff and NOBODY has enough to save them. If the dominoes start dropping over there and we haven't climbed far enough out of our slump yet we may get pulled down with them.

    The immediate problem which NOBODY is talking about is the huge livestock losses in Texas because of the drought and the massive losses in Corn and Beans in the Grain belt due to the opposing floods and droughts. The only succesful Corn this year is in Nebraska and Iowa and it is almost exclusively contracted to the ethynol plants, most of the remaining corn will barely pass for silage. On top of that the U.S. just commited a huge amount of corn to a contract with Japan. Here is Kansas and Missouri they are talking about not having enough corn for feed for the Cattle, Hogs and more importantly the chickens. Tyson has several large processing plants in central western Missouri and there are literally hundreds of huge chicken operations there to support them. No Silage means no chickens, no chickens means increased prices at the counter. Not to mention every other product made of corn or fed by corn. This on top of our already inflated food costs.
     
  14. dunerunner

    dunerunner New Member

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    Where do you think all that TARP money that has been paid back went?
     
  15. oldshooter

    oldshooter New Member

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    The last few months I have been watching European news on TV. They will give you a new prospective on the world economy that we don't get from our mainstream media.
    I believe it comes out of Berlin. If you want to have any advance warning on the economic downfall, keep a close eye on Germany.
     
  16. Caoimhin

    Caoimhin New Member

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    The election. That's the key point they hope we make it too. We are in the melt down creep today. A big natural disaster in CONUS will be our early down fall. As the money becomes worthless my rates go up. My mortgage is US dollars. May pay the house off quickly with worthless US dollars.
     
  17. cddbrowns

    cddbrowns New Member

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    Only positive there is. Pay everything off in one check. LOL!

    Sent from my HTC using FirearmsTalk
     
  18. Troy Michalik

    Troy Michalik Is it Friday yet? Supporter

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    Funny how when we think of a big natural disaster we associate it with something acute like a hurricane, earthquake, tornado or flood.

    But it was reported last night that the drought down here in Texas is the worst since the 1950s.

    I'd call that a big natural disaster.

    Forecasters: Drought may persist for another year - Yahoo! News
     
  19. DrGonzo11

    DrGonzo11 New Member

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    Good point.

    I still can't get my head around TARP, so sketchy. I don't really understand it so I may be way off base.

    Its amazing, to me, that as jumpy as the market has been that the goverment can come in and insure all those BAD investments with money it doesn't have. Then somehow that comforts investors enough to "stabalize" the markets, goes to show you how flakey these people really are.

    Then the money comes back in repayments and that in turn adds more artificial "stability".....AND even though TARP is supposed to protect against profiteering the artificial stabilization actually in turn increases the value of the bad loans etc. F'ing ridiculous!!.....add it to the long list of smoke and mirror brain busters that keep streaming out of Washington/WallStreet.....
     
  20. hiwall

    hiwall Well-Known Member

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    And now the US credit rating was just down-graded. It might be the start of bad things. The market will react in a very bad way on Monday. It will be just like doing the limbo "how low can you go"