Friday Update: US Markets Continue Freefall

This market was more oversold than at anytime since futures began trading! At some point the buyers have to come in and this was the day. We have set a strong low in the SPX at 839 i think. That might hold but we will at least go back down lower than this before it is all over.

as to why the market jumped so high today? Does anyone know what may happen tomorrow when the bond market is open again?

~Mikael / Peace, love, Light and unity ~

~Mikael / Peace, love, Light and unity ~

This week down -22 %.

Freedom brings People together

At 10:15AM the Dow is up 12 pts. Looks like a roller coaster day.

~Mikael / Peace, love, Light and unity ~

Been watching the dow fluctuate this morning before trading has started, what is happening? What time does the market open?

and...BAM... 7000 here we come

Index Value: 8,162.63
Trade Time: 9:40AM ET
Change: 1,095.47 (11.83%)
is yahoo just screwed up?

bounce.

Just an educated guess.

Do not take my word for it.

WAHOR!!
http://www.dailypaul.com/...

It's just in a sky dive now..

-----
Stock up, it's gonna be a long winter.

Nikkei ends week with 24% loss
~~~~~~~~~~~~~~~~~~~~
The vox of dan -
Before the Face of God
The Voxdan Tumblelog

keep falling

I recently started to think of and make a list of major events that have occurred during my lifetime that have made a huge impact on the world or on me personally. Many of the worst things have happened in the last 7 years.

What events have had a major impact on your life? (No fair listing "Ron Paul" because that's pretty much a given)...

LOL
.
Aus. down 7.5% to start, Tokyo not much better.
.
.

At first splash of Eden we race down to the sea,
standing there on Freedom's Shore....

Message was:

- Here's how the mortgage meltdown fragged other stuff.

Mainly:
- Insuring the bundled mortgage securities with default swaps {to bring their rating up to AAA} was a market bigger than the gross world product. When housing prices dropped and the subprimes started to default lots of institutions that had "written the policies" had to pay up and ended up cash-strapped.
- Meanwhile the uninsured ones dropped in value and similar institutions which had used them as collateral on heavily-leveraged investments (10:1, perhaps parlayed with REleveraging THAT) got margin calls. More liquidity gone and assets selling off into declining market to cover obligations.
- So that's what started killing financial institutions that you wouldn't expect to be exposed to the housing industry.
- Then nobody with money would lend it - for ANYTHING - because they were scared they'd lose the principal. This locked up the credit markets and broke all sorts of stuff.
- Example: The auto industry: No auto loans, car sales tank by a factor of several, dealerships are are paying interest on the price of the cars while they sit on the lot so dealerships fold. People out of work, not buying anything or paying THEIR bills, etc. Repeat in many other sectors.

- But stocks go up and down, and people's mood leads them to sell at the bottom and buy at the top. So now (Yesterday) looked near the bottom.

- There are good days even in a bear market and missing them cuts your return.

- So rebalance your portfolio and hang in there. And keep buying stocks because they're a bargain due to the drop.

Yeah, right. And they carefully cut the great depression off the left side of the stock market graph so it just showed the long climb with the occasional small dips, rather than the big hole that took a decade to climb out of.

And they didn't have any way to buy gold or silver in the plan. (Not even a metals fund. "But we have this 'natural resources' fund that's full of mining companies." In a credit crunch, when the ore is pricey but there's no operating cash? Tell me another.)

It is the beginning of the end of the beginning.

"Lead, follow, or get out of the way."
-- Thomas Paine

I apologize up front for how long this is.

As I mentioned before, all this talk of crisis has me thinking of an article from 2007. It's worth reading again, and we'll get to it below.

At the risk of also sounding alarmist, let me throw this in the mix.

A perfect storm may be brewing as I have mentioned before. A few years ago Bush and his cohorts started down the road to a North American Union with very little mention from the media. You would think such a thing would be front page news, but alas, most people have never heard a thing. Why not?

Around that time talk of a new currency, the so-called "Amero" started springing up, but again, received very little coverage except from a few good people like Lou Dobbs. Sounds like Euro, doesn't it? Again, even today, very few people who rely on The Times, Foxnews, or CNN have ever heard of such a thing. Why not?

I suggest it is primarily due to the fact that the public would not support such moves. If an NAU or Amero was to come about, it would have to be timed perfectly.

Of course, this reminds many people of the "timing" surrounding many liberty-stealing bills and measures passed post-9/11. When you do a little research, you find that a number of the horrific bills and directives initiated after 9/11 were actually up for consideration before 9/11 and failed miserably - including what came to be known as the Patriot Act, the grand-daddy of all heinous Acts. Why didn't you hear much about these things before 9/11? Simple. The timing wasn't right. It took the fear-mongering surrounding that tragedy to make the sheep give their consent to just about anything and everything, which is exactly what they did. But that is for another post.

A financial collapse could be the 9/11 that brings about things like the NAU and Amero. I know it sounds "crazy" but just for a moment, think about this. If there were a globalist plan to unite North America, and ultimately, the world, under one government, what would the next step be? You have secured the legality of virtually every dictatorial power necessary to run that government (have you ever read the Acts and Directives since 9/11?). Now all you need is one people to govern. An NAU was formally, though quietly, introduced a few years ago, but those taking temperatures told you the time was not ripe. The same thing goes for the Amero. So, what would you do? Well, nothing brings the people together like a good tragedy.

If you ever wanted a good tragedy, the recent financial fallouts are just the ticket. Think about this. The people opposed this bill nearly ten to one. 10 to 1! The Congress voted it down and the Dow fell 777 points (as it should have, I might add). The media and the higher-ups used this decline to scare (fear-mongering?) the people and the Congress, telling them that if they didn't pass a Bailout soon, everything would collapse. The Senate, who certainly don't represent any of the people, decides they will pave the way and now it is back on the Congress. Long story short, a $700 billion dollar, 100 page bill that was too much for Congress to pass the first time around, turned into an exponentially more expensive, nearly 500 page bill, full of earmarks and pork that was apparently more palatable.

The result? Instead of a 777 point decline to around the 10,500 mark, the Dow has free-fallen to near the 8500 point mark and is still falling with no sure end in sight.

Interestingly enough, the fear tactics didn't work on the people this time around. They still opposed the bill and saw it for what it was. But our Congress, cowering in the face of "experts" wheeled-in for the show and giving into bully-tactics, decided they knew what was best for the people they apparently represented. Case in point, consider this quote from a letter I received from my Representative, Gary Miller:

Many of you have expressed opposition to the financial rescue package and are disappointed that I voted for this legislation. However, as you Representative in Congress I always strive to do what is right and best for Americans, even if it is unpopular."

He is completely aware that the public, the people he apparently "represents," opposed this legislation 10 to 1, yet he justifies his vote by saying that he strives to do what is best for Americans. That is not his job! His job is to represent the people of his district and it would be hard to find an issue where the people's choice was more apparent than regarding the bailout.

If that was not bad enough, if I may be allowed to wander a bit, he goes on to appeal to Bernake and Paulson:

Secretary Paulson and Chairman Bernake have warned that the economy could suffer badly if Congress does not swiftly pass legislation to address the financial markets crisis. Not listening to their warnings proved to be dangerous, as evidenced by the over $1 trillion loss in the stock markets on September 29th. Doing nothing is a gamble, and quite frankly rolling the dice with our economy is not a gamble I am willing to take.

Wow! Did you catch that? First, I didn't vote for Paulson or Bernake. Second, who exactly are we taking our marching orders from? Think about it. Finally, and again, your job is to listen to and represent your constituents! Bernake and Paulson have no idea what they are talking about. They, at best, are trying to salvage a game that has been played according to the wrong rulebook for decades without actually throwing that bad book out. At worst, they are perpetuating an unconstitutional and fraudulent Federal Reserve system that is a primary cause of the fall of our economy and ultimately our country. These are not the men we should be listening to. They certainly don't represent the 90% of the people who spoke out against this bailout. Apparently, they do speak for the Congress.

So the bailout bills passes and the market is now in a free-fall. Now this sounds like a crisis. And here's the thing. Anyone with a head on their shoulders, if they are honest, knows that the bailout bill will kill our economy in the end, and despite what it may sound like, I do not think the people in Washington are stupid. This means that it is entirely reasonable to think that the people who pushed this bailout through knew exactly what would happen. This is when things start to get really scary. It is also the moment I just lost a number of my readers because now we have ventured too far into the land of "conspiracy." The problem is, you got here one reasonable step at a time and you know it.

Let me add at this point, that I am not promising you that this is the way things are or that this is the way things are going to go down. What I'm telling you is that history shows this is nothing new. What I am trying to get across is that, to whatever degree, something is wrong. It is time to start putting aside labels such as "conspiracist" and the rest and realize that, whether the problem is something as obvious as Congress not representing the people or as "crazy" as an orchestrated move toward a North American Union, we must unite and fight. We all agree that something is wrong. We have to stop the name calling and infighting and get back to holding our government accountable.

Of course, if you really want some "conspiracy," here's the kicker. Is this financial crisis the "national emergency" that will finally lead Bush to cancel national elections and enthrone himself indefinitely? Now that sounds crazy, but it leads me back full-circle.

Go read this article from 2007 by Harvey Wasserman and Bob Fitrakis at the Online Journal entitled, Will Bush Cancel the 2008 Election?

Alarmist? Perhaps. But whether you fear an elitist globalization plot or are simply frustrated with Congress, we are all on the same team. We need work together, stop the name-calling, and work for change. Time is of the essence.

~~~~~~~~~~~~~~~~~~~~
The vox of dan -
Before the Face of God
The Voxdan Tumblelog

so TERROR-fying to me that there are times i cannot pay attention to it...

i fear for our children.....hold your loved ones close

Hope yaz gots lotts o' jerky!

"There can be only one permanent revolution - a moral one: The regeneration of the inner man."
—Tolstoy

Did anyone notice today's date? It's funny in a dark way, and even perhaps a bit synchronicity. . .10/09/08 a countdown. . .

Im presenting this as a bit of the dryest humour by the way, who knows what's gonna happen!

Total Financial and Economic Meltdown in Progress Now

The night before last I wrote the following with the intention of sending it out to the group. I changed my mind and did not send it, fearing to be an alarmist.

“World markets are plunging in a panic as the banksters have severed access to credit making investment and speculation impossible. The Dow futures market is showing a nearly 400 point drop in response to a borderline crash in Asia and Europe tonight. It appears Morgan Stanley will be the next big bank to go under. In all likelihood this week will see the biggest stock market crash in history. Rumors abound that municipalities and States will default on their bonds this week. California and Massachusetts look like good candidates. The cessation of many government services and checks could follow. Iceland and Pakistan are on the verge of bankruptcy. Wonderful, a nuclear armed Islamic state thrown into chaos.

My guess is that we could see disruptions in the supply of food within two weeks, with food riots within a month.

If that is the scenario then we may see the suspension of the election and...well I can’t bring myself to say it.

I do not write this casually and I do hope that I am mistaken. I ask God that I be completely wrong. But is what the situation appears to be at the moment.

May God Bless us all and keep us safe.”

Today the Dow plunged 600 points (7%) in the final hour of trading. It should not have done so; it was set up for a rally. That it has done so is a clear indication that a total market meltdown and financial economic crash is upon us. The banksters, having enslaved formerly free markets to the cheap, sleazy drug of easy credit have now cut the addict off from its supply. We are now seeing the retching of withdrawal and the tremors of death of the global economy.

Today’s Headlines

•Stocks in U.S. Tumble as Dow Industrials Drop Below 9,000; GM, Exxon Slide
•Mutual Fund Withdrawals Jump to Record $72 Billion as Investors Seek Haven
•GM Shares Fall to Lowest Level Since 1950; S&P May Cut Automaker's Rating
•Leveraged Loan Index Plummets to Record as Hedge Funds, Banks Sell Assets
•U.S. Treasury Plans Bank-Stake Purchases Within Weeks to Shore Up Capital
•Iceland Seizes Kaupthing as Banking Industry Collapses Under Debt Weight
•VIX Options Index Climbs to Record Above 60 as Credit Market Stays Frozen
•Bush Will Meet With G-7 Finance Chiefs to Tackle Credit Crisis, Aide Says
•Libor Holds Central Banks Hostage as London Rate Freezes Worldwide Lending
•Fear Trumps Greed as Market Worries Amplify News, Paralyze World Economy
•Royal Bank of Scotland Loses Credibility After Goodwin's ABN Amro Purchase
•Central Banks Fail to Alleviate `Logjam' in Money Market: Chart of the Day

As I predicted, a global summit is being announced at which the bankster dictators will tell us their plans for remaking the world economy in their image. Anticipate a new global financial regulatory body (perhaps even a new World Central Bank) and moves in the direction of a World Currency. Please note that participation in such by the United States is predicated upon RATIFICATION by the Congress. If the Banker Dictatorship bypasses this requirement, we can take that as further evidence that the Constitution has in effect been suspended and that dictatorship is a concrete reality in America now.

State and Municipal government bankruptcies are likely within the next few weeks. My guess is that is what the action in the stock market is discounting right now. If you are in Massachusetts or California and rely upon state assistance, please prepare for disruptions.

Each of us must now decide what this means for us. You must make concrete preparations now. We are in an emergency situation, albeit a concocted and engineered crisis. This is an economic 911 and the measures following it are new versions of the Patriot Act and the Military Commissions Act.

Let’s spring into action and inform the population of what is transpiring. People need to know:

“America is Now a Dictatorship”
“Oppose the Banker Dictatorship”
“The Financial 911 is a Scam”
“No Emergency Powers for Wannabe Dictators”
“Restore Constitutional Government NOW”
“End the Fed! Gold is Money!”

These slogan points should now appear on every freeway overpass, stuck on every sign, on flyers and posters. Thousands and thousands EVERYWHERE. Take it upon yourself to spring into action. Take the initiative and be creative. Build coalitions across the spectrum with others who will resist the Banker Dictatorship.

Here’s a fast, cheap place to get large quantities of stickers: http://www.stickergiant.c... Take up a collection among your local groups and get stickering!!

Here’s a great place to get t-shirts made...great prices, great service and fast (please tell them Steven Vincent sent you): http://coastalprintworks....

Here’s a great place to get banners made: http://www.alwayssign.com...

Once again, I pray to God that I am an utter fool and an alarmist. Please God, let me be completely wrong. Or if not wrong, let this come to pass with a longer time frame so that good people can be better prepared for the inevitable. Please watch over us!

Your Friend in Freedom,

Steven Vincent

End the Fed! Website:
http://www.EndTheFed.US
End the Fed Blog:
http://www.EndTheFed.blog...
End the Fed! Organizers Meetup:
http://www.RonPaul.Meetup...
End the Fed! Facebook Group:
http://apps.new.facebook....
Cool END THE FED! and Liberty Themed T-shirts and Stuff:
http://www.endthefed.us/o...
http://www.cafepress.com/...
Ron Paul’s Campaign for Liberty:
http://www.CampaignforLib...

here.

Here comes world banks and government. Watch how badly Obama fucks us if he wins.. or how bad McCain fucks us if he wins.

I hate this shit.

....that is worth reading again. A perfect storm may be brewing as I mentioned below. A financial collapse could be the 9/11 that introduces things like the NAU and Amero and, if things get really nuts, more Bush. Will Bush stop the election? Will he stop an inauguration? Sounds pretty outlandish, but think about what has already happened in this country in the last 8 years alone under Bush.

Here is an article from 2007 by Harvey Wasserman and Bob Fitrakis at the Online Journal entitled, Will Bush Cancel the 2008 Election?

~~~~~~~~~~~~~~~~~~~~
The vox of dan -
Before the Face of God
The Voxdan Tumblelog

Invest in precious metal, lead. Did I say lead? I meant gold, yea gold. I was probley thinking of turning lead into gold. Yea, that’s it, turn lead into gold. Yea, that’s why I’m buying lead. Sorry I misspoke.

Amero? Who knows?

Last year I was writing about how the MSM would continue their silence regarding the NAU until an appropriate economic collapse was imminent and the "need" for drastic measures was required. The drastic measures would be a combination of a well timed NAU introduction (propaganda) and new currency that would be necessary for us to avoid a "great depression."

Crazy? Perhaps. But think of it this way. If there are actually people pulling the strings and their goal is globalization and a big step in that direction is the NAU and a new currency, then what better way to introduce that next step and justify it and make it palatable and even desirable by the sheep, than by orchestrating the collapse of the economy? They did it with the fear-mongering after 9/11 and there is no good reason to think they would not do it now economically.

We'll see.

Of course, don't get me started on the big time crazy idea that Presidential Directive 51 or one of the other dictatorial directives will come into play along side all this and mean that, come February, we will be well on our way to an NAU, an Amera and still under Bush.

~~~~~~~~~~~~~~~~~~~~
The vox of dan -
Before the Face of God
The Voxdan Tumblelog