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Author Topic: World Stocks Tumble
Greg B
IE # 118
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http://news.yahoo.com/s/ap/20100520/ap_on_bi_ge/world_markets_23

Oh brother is this stuff about to hit the fan!

Get ready to rumble!

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-FP-
IE # 13
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To keep it in perspective, claims such as this have been made every few months for a long time. But, the pieces are certainly in place now for this to be the real deal:

Dow Theorist Richard Russell: Sell Everything, You Won't Recognize America By The End Of The Year

http://www.businessinsider.com/dow-theorist-richard-russell-sell-everything-liquid-you-won t-recognize-america-by-the-end-of-the-year-2010-5

Excerpt:
Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.

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Greg B
IE # 118
Member # 886

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He's right. Been saying that for a long time.

I even started a new facebook group called "We Don't Trust The Mainstream News Anymore" and the next freakin' day an ABC News guy comes up to me asking questions and I got emails from 3 other news services.

We can look at AN here and see how many people have warned we were headed for a fall and they got called conspiracy theorists etc.

Now who's got the last laugh?

I just had a great upturn in business however. A bunch of crumbs we'd been after for years finally got their asses handed to them by the regulators and the aftermath is going to be awesome to watch.

The next six months are going to be a mo'fo'.

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Greg B
IE # 118
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http://www.cnbc.com/id/37259541

Well I guess we can say "ditto" to the story FP posted.

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Greg B
IE # 118
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After reading both articles and reassessing the situation, we're not in an economic crisis, we're in an honesty/integrity crisis.

There's just so much you can steal before people catch on and your own misdeeds catch up to you and bite you in the ass.

That's what's going on. Trade is crashing, confidence is crashing because far too many people and institutions were ALLOWED to get away with it through compliance with the institutions that we put in charge to monitor and enforce the law.

Too many thieves, spoil the broth.

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Metsys
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Honesty and integrity crisis.

That's exactly what I think most of the problems we are having right now are related to, both financial, political, and social.

I've never seen public discourse in the news and out in the wild so bad. I even asked my mom how this compared to the 60s and she said that this is worse. People really have seemed to have forgotten what respect and integrity mean. People are fearful. They don't trust each other to do the right thing (which is why there's so many problems in business and the polarization in politics).

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SNAKEBITE
IE # 101
Member # 17

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What happens if you pull your stocks then the same culprits pick it up and monopolize even more?

I'm not saying, don't, I'm just asking a question.

I personally think if the stock market blew up tomorrow it would have no affect on the natural order of things. People would stress, but life would go on. It doesn't represent anyone but who's on top anyways.

BUT, it seems if you go liquid that someone at the top would still benefit. People have to be prepared to do more then go liquid. People have to live different. the idea of profit would have to change. Total paradigm shift or the same dudes will position themselves on top again. I mean, how can cash be worth anything if the dollar means dick? Gold is monopolized by the same people who monopolize diamonds...so where is the safe haven for the common person????

what do you think?

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Charles
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That's only one system of wealth. True wealth lies within the individual. Your treasure is where your heart is. Even if we traded seed and chickens, there'd still be an economy. Do the best you can with what ya got, be smart with your money. Things are gonna be funky for a while. Spend your money locally if you can. There's a big move in that direction. Very healthy thing to do. I shop in my Burbank neighborhood as much as I can, almost exclusively. Besides, there's the Internet and a form of media more powerful than TV that tends to expose the truth more often, plus the world is talking to itself and sharing info and ideas. All positive.

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SNAKEBITE
IE # 101
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""What needs to be done is clear. We need to raise taxes and cut spending. Otherwise we're going to get a fiscal train wreck," he said. "It's going to take years of sacrifices.""

how is this a solution???? Make the people more broke with more taxes? Money they could spend on industry? building the market? We haven't even established where our fed taxes go to begin with so why would raising taxes even be any kind of solution. Make the Fed transparent then we'll see whats up.

this all sounds like another way to make you totally powerless and more of a slave then ever before.

Sacrifices??? Who? the common man/woman? we've been sacrificing, where have you been? Every time there is a problem the people sacrifice while the fat cats say, meow. FTG

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SNAKEBITE
IE # 101
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States could completely be self sufficient. make their own economy and be off the fed vein totally. Spend your money wisely? It won't matter if they make your money worth nothing.

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Bruce
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If it were just stock markets tumbling, I think you could probably just write it off as corruption and greed on a grand scale. But there are other factors at work. Here's Michael Ruppert's take on where we're at (long but worth a listen, even - or maybe especially - if you disagree): http://www.cctv.org/stream-player-build?nid=92606&streamtype=broadband&link=no#
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