Global Crash Continues

I know we all have our bias of purity here about economics. I understand but it seems to me three options to mitigate the crisis exist within the current infrastructure. We can save, we can work, or we can reduce the product of both of those activities (i.e. money). Since the people who can create the money seem to have an orgasm at any chance to create it, that's probably not gonna stop. Although, I believe the next admin won't be as absurdly incompetent and negligent as the current admin. Either way, we all no that's not gonna happen. We can save and we kinda are by default but it's also obviously not enough to mitigate the problem.

However, it seems to me there is a solution in work. We can strengthen the dollar by creating demand for it. I imagine this is where the whole bubble and bust dynamic comes into play. You create a job environment, you "create" a strong and "stable" economy. There is the obvious and probably inevitable option of enabling a "green" economy.

And yes I know all the problems with the current infrastructure and how basically it is completely artificial but it's possible to at least operate in. And if something could be done to mitigate the problem so an absolute collapse of the system doesn't happen, that is a sane thing to do. While the system is "working" there is no reason it can't be changed just the same. It seems however we kinda want a complete collapse so it almost ironically forces change, a dynamic we should not wish for.

Crash+Nader=Win

http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
http://www.flickr.com/photos/57925480@N00/2660779139/sizes/l/

There must have been a huge sell-off in the last couple of minutes because I checked about 5 minutes prior to closing and it was actually about +5.04 or something, then it started to dwindle down, but over -200 at closing. These markets are CRAZY, that's all I know!

*edit* - This is a reply to dcart "currency collapse within 30 days?"

Thanks for posting that link. That is very interesting and disturbing at the same time. I am going to buy gold this week. The most interesting statement in that article was the last one - "Those who have weath and do not have gold will soon be poor." Can anyone who knows more about this elaborate on that article?

http://www.marketoracle.co.uk/Article6952.html

STOCKHOLM (MarketWatch) -- Volvo AB (VOLV-B.SK), the world's second-largest truck maker by sales, Friday reported a 37% drop in third-quarter net profit, missing expectations, and said orders for trucks in Europe screeched to a halt. "In view of the weakened business trend in Europe, we expect the truck market to grow by 0%-5% in 2008," Volvo said in a statement. In North America the market is expected to decline by about 10% this year, compared with 2007." Volvo's order intake for trucks globally plummeted 55% to 32,072 vehicles from 71,572. In Europe, the order intake for trucks fell close to 100%, to 115 vehicles from 41,970.

From 41,970 to 115 ! No typo.

Freedom brings People together

This guy is starting to talk constitution, eliminating FED and IRS, exposing illuminati and sounds like a Ron Paul guy. Have we connected these two guys together? He is on Fox with a huge audience. Cannot believe they have not shut Cody up. Anyone have comments?

Will it take another nose dive?