Article from Market Ticker is a bit scary.
This is not good.
But the worst news is not in the stock market. It is in fact in some of the other indicators in the market which were indicating potential capital flight, along with still-extreme levels of stress.
I must caution everyone - if you are not prepared for six months to two years of unemployment, you need to be. If you are dependent on credit to survive (that is, if you couldn't make it without your credit cards) you need to fix that now.
Like today now.
Several times I have said "raise cash, get out of debt, be prepared."
I must reiterate this advice and emphasize it, as we may see a bond market dislocation and concurrent stock market crash at any time, without warning. It could be as early as today, in fact.
No, what happened the last three days isn't a crash, although it has now hit my full "bear market" target - 1070 - and in fact exceeded it.
Unfortunately what happened the last three days forces me to reset that target to the 2003 lows, and perhaps as low as four hundred on the S&P 500, 4000 on the DOW.
Needless to say if that happens it will be on the back of an economic catastrophe of a scale similar to the 1930s.
continue .......
http://market-ticker.denninger.net/archives/602-Time-Is-Up-C...
No! No!
Keep your debt if the interest rate is below the inflation rate. Then inflation will eat away your debt and you can invest that money into something that will grow more than the inflation rate.
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"We will never give up. We will never give in." - Dr. Ron Paul
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"We will never give up. We will never give in." - Dr. Ron Paul
Interest rates are going to rise shaply
There's a bond market dislocation going on, and no one's interested in buying US Treasuries at the current yields. Expect rates to rise across the board.
excellent post Sentinel.....
excellent post Sentinel..... I hope people understand what this article is telling them and act!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Well it's simple even if we here are the only ones
We need to be prepared since everything is pointing to one possible answer right now. Get your stuff in order and make sure you tell anyone you love to do the same, I have been tellingmy friends and family to be prepared and some of them are listening and of course others think I'm being alarmist. But remember the lessons of the titanic, When they finally realize that the water is too cold to swim they will topple your lifeboat when they need to get in.
Keep yourself far enough away from the panic to be safe.
~Mikael / Peace, love, Light and unity ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Stop the NWO....It's just illumi..Naughty !
yep they won't prepare but
yep they won't prepare but they will remember! (that you did)
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
I think he has one think wrong
it will be bushes friends who write history and they are likely not to tell the truth because they are unable to tell the truth.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
wow
"Lead, follow, or get out of the way."
-- Thomas Paine
A Republic, If You Can Keep It
I have a friend who is in
I have a friend who is in the DHS, a former C1A and is a member of the AF1O.. I am trying to confirm..
Tim
GOLD
http://www.rxforliberty.com/10/
Cedar Park, Texas
5 Aug 2007
Just got of the phone with
Just got of the phone with him... He is at a course and is going to make some calls when he is in the clear. He is not surprised.... More to come, I hope..
Tim
GOLD
http://www.rxforliberty.com/10/
Cedar Park, Texas
5 Aug 2007
call him about this .
http://www.fourwinds10.com/siterun_data/government/fraud/us_...
~Mikael / Peace, love, Light and unity ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Stop the NWO....It's just illumi..Naughty !
YOUR LINK is NO Longer the
YOUR LINK is NO Longer the Original Link...
Tim
GOLD
http://www.rxforliberty.com/10/
Cedar Park, Texas
5 Aug 2007
works for me ?
~Mikael / Peace, love, Light and unity ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Stop the NWO....It's just illumi..Naughty !
bring it on, baby!
Let's get on with it, and have our economic collapse already. I'm ready for a more humble nation that values individual liberty, sound money, and sound ecology to emerge from the ashes.
Consumerism could not last forever; that was obvious back when Ike warned us about the military-industrial complex. Let's get on with it.
Amen
let the SHTF!
paulson said this .
Treasury Secretary Henry Paulson warned Wednesday that more financial firms would go bankrupt in the United States and that recent market turmoil had "seriously impacted" the economy.
Paulson cautioned that a 700-billion-dollar government rescue package for the financial sector approved last week would not mean an end to bankruptcies and that it would take several weeks to put in place.
"One thing we must recognize -- even with the new Treasury authorities, some financial institutions will fail," Paulson said at a news conference.
The aim of the rescue package is for the Treasury to buy up toxic debt being held by banks, but Paulson said it would be "several weeks before our first purchase."
The new law "doesn't exist to save every financial institution for its own sake," he added.
Reflecting the international scope of the crisis, Paulson also called for emerging market countries to be included in broad international talks on stabilizing the financial system.
Brazilian officials told AFP that a meeting of central bank chiefs and finance ministers from the G20 emerging and rich country group would take place in Washington on Saturday alongside a gathering of the G7 rich countries.
Paulson said a meeting of the Group of Seven afforded an opportunity to discuss "ways to further enhance our collective efforts."
In comments about the US economy, Paulson underlined that turmoil in the banking sector caused by declining house prices was already reducing growth in the non-finance economy.
"A chain of events caused by the ongoing housing correction has reverberated through US banks and financial institutions and has seriously impacted the underlying economy," he said.
~Mikael / Peace, love, Light and unity ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Stop the NWO....It's just illumi..Naughty !