Black Monday! Hooray!

http://larussophobe.wordp...

"The Russian stock markets stand in utter ruins. The RTS index closed Monday down over 19%, finishign at a truly jolting 866 — down 64% from its May high. The Oil & Gas Index closed down over 22%. Gazprom, Russia’s leading business entity, was down nearly 25%. Norilsk Nickle, another leading industrial enterprise, was down nearly 40% in just one day of trading. Sberbank the leading bank (state owned) was down 16%. The market broke through not only the 1,000 point psychological barrier, but 900 as well. The Kremlin panicked once again, and shut down the market so further carnage could not occur. It reopened them for just 25 minutes, saw more horrific bloodshed, and then shut them down again permanently. Very similar to the way the USSR made bad news go away by burning newspapers."

(more…)

We cheer the fever that will expunge the virus even while it threatens to cook the brain.

We cheer the storm that shakes the dead wood out of our trees even as it threatens to rip the roofs off of our houses.

We cheer the turbulence that churns and cleanses the stagnant waters even as it threatens to capsize our boats.

We cheer the coming economic meltdown that exposes the fraud of the Federal Reserve and our credit based markets even as it threatens to impoverish and bankrupt many of our neighbors and employers.

Silver linings are all around us, sometimes inextricably mixed with terrible dangers. Work hard, rest easy, be flexible and alert, and stay diversified in both your investments ad your talents.

"May you live in interesting times."

The Freedom Formula: Au + Ag + Cu + Pb

.....peace - love - freedom

never give up..

No I can't picture that...without laughing anyway...

For Americans to remember who it is that they are. Resilient, peace-loving, hard-working souls who have done this sort of thing before. Pretty soon we'll remember what it is like to be proud again!
Happiness is not a state of arrival, but a mode of travel.

I have driven through many small towns that are dying. They buildings are still there, but vacant. These towns used to be thriving communities with a couple of churches, a few taverns and restaurants, a grocery store or two, a few service stations, and a bank or two, plus a K through 12 school.
The last time I drove through this area with the knowledge that our country is going down, I realized that the opportunity to start small businesses close to home may be now! The empty homes and businesses could be filled with families fleeing the cities for a more simple life.

To remove the restrictions that make it impractical for small businesses to sell shares to the public. Thanks to FDR and old Joe Kennedy, public funding is only an option for companies that need to raise tens of millions of dollars at least.

Think of what kind of market we'd have if you could invest in your local bowling alley or bridal shop, instead of only being able to choose from the companies listed on the NYSE or the NASDAQ.

-jcr

In a depressiion, gold and silver are only good if they have something of value in an every day context. If you need to get food from someone down the street, he is not going to want gold or silver, he'll probably want something more useful. Learn how to make something useful instead. Use your dollars like you would firewood and gold as a paperweight.

Happiness is not a state of arrival, but a mode of travel.