US / World Economy in Trouble

The difference is the Citizens of the USA own 80% of AIG now. Its not private anymore so that shit aint cool. Also a copy of the hotel bill is available. Lavish brother lavish! especially for someone working for the public.

 

Easy Skuzz...just messin' with ya buddy.





Fed slashes interest rates, but stocks lose again

Just what we need.....more 'stimulus'.





Pelosi says $150B economic stimulus plan needed

 

ECB sees crisis of 'enormous proportions' as Spain creates mortgage rescue fund

IMF Says World Economy Heading for `Major Downturn'

Already? Didn't we just give this company $85 billion noy long ago? Didn;t they just spend lavish amounts of $$$ on a 'retreat' for their shareholders? I don't get why we're giving them more. ottytrain1:





Fed grants AIG $37.8 billion loan

Retirement accounts have lost $2 trillion

Russia shutters its markets again as deeper problems emerge

 

hey herb, that avatar gives me chills when I see it. Not kidding.:evil4: :evil4: :evil4: :evil4: :evil4:

 

That's the wolf dude....that's the wolf.


He gives me the creeps too. :icon_confused:

 

McCain changes(?) his mortage and homeowner rescue plan. Well, depends on who you talk to. Looks like a double flip flop to me. But either way, this is wrong for the economy. Bail out the co's, at the expense of the taxpayer.

http://news.yahoo.com/s/politico/20081009/pl_politico/14414;_ylt=AmTBghtiN7yD6_mD4k8CFeZh24cA

 

I'm from canada and watching everything unfold I feel like I'm in a f@@king nightmare! We're not far behind u guys sooooooooo . I'm finding it really hard to WRAP my head around what's going on everywhere. Just nuts I say, I can't wait for the GRAND FINALE ! I'm heading for the mountains if martial law happens here! Wishing the best preparing for the worst! GOOD LUCK peeps.

 

US Markets closed - down 7% across the board. Dow -678 points.

 

The Dow looks like it did in 99 after the internet bubble busted. 10years worth of gains erased. Difference being that was almost 10 years ago, and the internet bubble is small in the shadow of this housing and credit crisis.

 

Here's the article.....





Dow plunges 679 for 6th triple-digit loss in a row

 

Getting an early start, Nikkei 225 (Tokyo) is down 9.92% this morning.


It's like watching a sporting event. Refresh every hour for the scores. Except here every team loses...

 

reminds me of the ending of fight club, when they planned to blow up every major bank to set everyone's credit back to zero.


I still can't help but think that exploding the WTC towers was a damn good chess move to tumble the economy down the drain. Thanks to our filtered news, all we learned was hate revenge towards people we barely knew, and that many people died. Such a much bigger picture unfolding now.

 

Weak governments are easy to topple.


The revolution starts here. Support your local Skuzzi candidate!

 

Well, it is now technically a recession.


The definition of a recession in regards to the stock market is - "a 20% drop over a short period of time". We broke 20% yesterday.

 

Wow is right!


I leave the planet and come back and "wham" major crap.


On a serious note;


I think we are looking at four down turn years for most people.


If you have a good job hang on to it.


It's no joke that many are losing theirs forever.


Also remember that weed will get you through times of no money better than money gets ya through times of no weed.

 

FEMA sources confirm coming martial law


By Wayne Madsen


Online Journal Contributing Writer


Oct 13, 2008, 00:16


(WMR) -- WMR has learned from knowledgeable Federal Emergency Management Agency (FEMA) sources that the Bush administration is putting the final touches on a plan that would see martial law declared in the United States with various scenarios anticipated as triggers. The triggers include a continuing economic collapse with massive social unrest, bank closures resulting in violence against financial institutions, and another fraudulent presidential election that would result in rioting in major cities and campuses around the country.


In addition, Army Corps of Engineer sources report that the assignment of the 3rd Infantry Division’s 1st Brigade Combat Team (BCT) to the Northern Command’s U.S. Army North is to augment FEMA and federal law enforcement in the imposition of traffic controls, crowd control, curfews, enhanced border and port security, and neighborhood patrols in the event a national emergency being declared. The BCT was assigned to duties in Iraq before being assigned to the Northern Command.


On April 3, 2008, WMR reported on a highly-classified document regarding the martial law scenario: WMR has learned from knowledgeable sources within the US financial community that an alarming confidential and limited distribution document is circulating among senior members of Congress and their senior staff members that is warning of a bleak future for the United States if it does not quickly get its financial house in order. House Speaker Nancy Pelosi is among those who have reportedly read the document.


The document is being called the “C & R” document because it reportedly states that if the United States defaults on loans and debt underwriting from China, Japan, and Russia, all of which are propping up the United States government financially, and the United States unilaterally cancels the debts, America can expect a war that will have disastrous results for the United States and the world. “Conflict” is the “C word” in the document. The other scenario is that the federal government will be forced to drastically raise taxes in order to pay off debts to foreign countries to the point that the American people will react with a popular revolution against the government. “Revolution” is the document’s “R word.

 

Bailout managers may be buying own securities

 

Herb great post, very scary to think about. One part that I am not sure I agree with is the if we neglect on a loan from china or russia that they will start a war with us. I am just no so sure of that. But none the less, martial law is scary. Glad I live out in the country. This national debt is horrible. Thanks mr Reagan, Bush Sr, Bill Clinton(before his balanced budget amendment that is now shit obviously) but especially thank you George W. for you have added 5 trillion soon to be 7-8 trillion when all this bailout, fannie, freddie .Your the best!:qbluewacko: :qbluewacko: :qbluewacko:

 

Many times in my life I've heard people say that the US would be alright if we just got paid back all the money we've given or loaned other countries we've helped out.. Would wipe out the federal budget deficit and boost our economy. Is that just a myth?


I say it's time to start taxing the churches. Just like our buddy George Carlin said. Church sits here tax free but wants their noses and opinions in everything: schools, abortion and gay rights bills, stem cell research, the list goes on. It's time they pay their admission price like the rest of us (excluding illegal immigrants, that's a new argument altogether).