Dow 9500 ... Where we go from here...

[HeXploiT]

As of today, 10/7, the Dow Jones has reached my previously posted "theoretical" bottom.
Am I now a bull? Is it time to jump with glee and start buying?
Speaking on the market from this point on I can honestly say I don't know what is going to happen.
I am not stating that the market goes lower neither am I saying that it goes up from here.
What I believe happens now is a shift in the downturn from the market to the currency. Now we will begin to see the very acute effects of the debasing of the American currency in the form of rampant inflation brought about by the reckless creation of money at an ever increasing rate by a private & unrestrained "federal reserve" company.
Please note that I did not use the term hyper inflation.
I believe it will be severe, not enough to totally destroy the currency but enough that talk will begin to arise in the coming two or so years of the Amero.

Does this sound silly and conspiracy(ish) to you?
Am I once again wearing a tinfoil hat?

What will cause people to begin thinking about this Amero, this so-called conspiratorially concocted idea, idea in a positive light?

$8 Bread
$9 G Gas
$9 G Milk
$7 Lb Hamburger

Are you getting my drift?

You may now make fun of my shiny hat.

Take off the blinders people.
The primary reason for the majority of our financial woes is not democratic or republican but that a private entity is controlling our money.

 

[Slew Foot]

So how would coverting to the Amero help prices in the US? You'd absorbing the Mexican peso which is one of the crappier currencies out there.

Interest rates should have been 6-10% about 4 years ago, we wouldn't be having this conversation then.

 

[nakedfrog]

/commences making fun of your shiny hat

I would say the best place to go... is into the "Dow now under 10,000" thread that's still on the front page.

 

[dphantom]

Down more, maybe another 10% then back up. Probably take 4-5 years to recover to 2007 highs.

 

[First]

Seriously man, you're just giving us great bump material. Just like Peter Schiff's prediction exactly one year ago that the dollar would halve in value by 2008 (the dollar is in fact stronger exactly 12 months later), this is just going to end up making you look bad.

 

[HeXploiT]

Originally posted by: Slew Foot
So how would coverting to the Amero help prices in the US? You'd absorbing the Mexican peso which is one of the crappier currencies out there.

Interest rates should have been 6-10% about 4 years ago, we wouldn't be having this conversation then.

Short answer...I don't know. The goal of the federal reserve is to eliminate national currencies so that we have nowhere to turn.
I have considered this on many occasions and don't know the answer.
These things however have a way of working themselves out.
Look at the challenge the Euro presented integrating so many different nations and yet the Euro was a major success in short order.

 

[HeXploiT]

Originally posted by: Evan Lieb
Seriously man, you're just giving us great bump material. Just like Peter Schiff's prediction exactly one year ago that the dollar would halve in value by 2008 (the dollar is in fact stronger exactly 12 months later), this is just going to end up making you look bad.

Well then it's a good thing I don't base my self esteem on yours or others opinions of me. If I had I might really loath myself.

 

[Fern]

Originally posted by: Perry404
-snip-
What I believe happens now is a shift in the downturn from the market to the currency. Now we will begin to see the very acute effects of the debasing of the American currency in the form of rampant inflation brought about by the reckless creation of money at an ever increasing rate by a private & unrestrained "federal reserve" company.

I think demand is down considerably, thus I don't anticipate much inflation other than due to high gas prices and stupid stuff like the ethanol program.

IMO, the kind of inflation you speak is of is that brought about by excess demand, I don't see that happening. People are heaidng for the bunkers, not going on a buying spree.

Fern

 

[jonks]

Originally posted by: Perry404
I am not stating that the market goes lower

It had better, or your "100 days to financial collapse" thread won't come true! Only 28 days left!

 

[ElFenix]

Originally posted by: Perry404
The primary reason for the majority of our financial woes is not democratic or republican but that a private entity is controlling our money.

what are you talking about?

Originally posted by: Perry404
Short answer...I don't know. The goal of the federal reserve is to eliminate national currencies so that we have nowhere to turn.

where do you get this stuff?

 

[HeXploiT]

Originally posted by: Fern

Originally posted by: Perry404
-snip-
What I believe happens now is a shift in the downturn from the market to the currency. Now we will begin to see the very acute effects of the debasing of the American currency in the form of rampant inflation brought about by the reckless creation of money at an ever increasing rate by a private & unrestrained "federal reserve" company.

I think demand is down considerably, thus I don't anticipate much inflation other than due to high gas prices and stupid stuff like the ethanol program.

IMO, the kind of inflation you speak is of is that brought about by excess demand, I don't see that happening. People are heaidng for the bunkers, not going on a buying spree.

Fern

The demand is to pay the bills of the federal government which includes but is not limited to the bailout and purchasing of the private sector.
We're looking at many trillions of dollars worth of "new" monies.

 

[HeXploiT]

Originally posted by: ElFenix

Originally posted by: Perry404
The primary reason for the majority of our financial woes is not democratic or republican but that a private entity is controlling our money.

what are you talking about?

Originally posted by: Perry404
Short answer...I don't know. The goal of the federal reserve is to eliminate national currencies so that we have nowhere to turn.

where do you get this stuff?

If you don't know what I'm talking about then you have bought into the distraction that is the two part system that has you wasting so much time thinking about abortion, gay rights and creationism vs atheism that you haven't been paying attention to the real power shifts in our nation. .

Where do I get this stuff?
Study history.
Dang you have a high post count.

 

[TheSlamma]

From Overinflated to almost corrected?

 

[StageLeft]

Originally posted by: Evan Lieb
Seriously man, you're just giving us great bump material. Just like Peter Schiff's prediction exactly one year ago that the dollar would halve in value by 2008 (the dollar is in fact stronger exactly 12 months later), this is just going to end up making you look bad.

I guess peter got that wrong, but he got right when people laughed at him about the housing boom being a facade and it preceeding a major catastrophe for the economy.

 

[dmcowen674]

Originally posted by: jonks

Originally posted by: Perry404
I am not stating that the market goes lower

It had better, or your "100 days to financial collapse" thread won't come true! Only 28 days left!

You're looking at the collaspe

 

[dmcowen674]

Originally posted by: Skoorb

Originally posted by: Evan Lieb
Seriously man, you're just giving us great bump material.

Just like Peter Schiff's prediction exactly one year ago that the dollar would halve in value by 2008 (the dollar is in fact stronger exactly 12 months later), this is just going to end up making you look bad.

I guess peter got that wrong, but he got right when people laughed at him about the housing boom being a facade and it preceeding a major catastrophe for the economy.

Schiff did not make that prediction before I did.

 

[StageLeft]

Originally posted by: dmcowen674

Originally posted by: Skoorb

Originally posted by: Evan Lieb
Seriously man, you're just giving us great bump material.

Just like Peter Schiff's prediction exactly one year ago that the dollar would halve in value by 2008 (the dollar is in fact stronger exactly 12 months later), this is just going to end up making you look bad.

I guess peter got that wrong, but he got right when people laughed at him about the housing boom being a facade and it preceeding a major catastrophe for the economy.

Schiff did not make that prediction before I did.

Dave's law.

 

[blackangst1]

Why do people have a problem with buy low and sell high? Jesus.

BUY. The market will recover and theres zero evidence it wont. Most of us arent going to touch our savings (for the FEW that have it) for a long time so where's the loss? Geesh.

Do I think everything is peachy? For some no for some yes. But a market drop isnt the end of the USA for christ's sake.

 

[jonks]

Originally posted by: dmcowen674

Originally posted by: jonks

Originally posted by: Perry404
I am not stating that the market goes lower

It had better, or your "100 days to financial collapse" thread won't come true! Only 28 days left!

You're looking at the collaspe

Really? Looks like some bad shit is going on but they still take my credit cards when I go out to dinner. That green paper stuff still works also. This isn't a collapse. It's not doomsday. Even the Great Depression wasn't doomsday, not that I'd look forward to going through that. It was a really rough patch and a lot of bad shit went down. But we recovered, and then some. I have little doubt we'll get through this without hitting 20% unemployment or a dustbowl.

 

[nixium]

Dow 36000

 

[rchiu]

Originally posted by: dmcowen674

Originally posted by: jonks

Originally posted by: Perry404
I am not stating that the market goes lower

It had better, or your "100 days to financial collapse" thread won't come true! Only 28 days left!

You're looking at the collaspe

You call this collaspe? Nasdaq dropped from 4.6k to 1.2k between 2000 and 2002, that's like 75% drop and the world didn't end and we didn't go into a depression. We went to a mild recession which people still debate on the technicality.

Give me a break with the doom and gloom will you? Yes stock market suck, yes we got problem with banks and their over extended loans and leverages. But it doesn't mean the rest of the economy is in the gutter like banking sector. Employment is still decent, and if not for all the fvcking sky is falling people running around, average joe and jane would still go out and shop and continue to make the economy outside of banking decent.

The economy is all about confidence, and again for the million times, stock market is not the economy. It is dumb to use stock market up and down as the main indicator of how the entire economy is doing. And if we have enough stupid people doing that, and destroy the confidence of average joe and jane, a depression is gonna be a self fulfilling prophecy.

 

[First]

Originally posted by: Skoorb

Originally posted by: Evan Lieb
Seriously man, you're just giving us great bump material. Just like Peter Schiff's prediction exactly one year ago that the dollar would halve in value by 2008 (the dollar is in fact stronger exactly 12 months later), this is just going to end up making you look bad.

I guess peter got that wrong, but he got right when people laughed at him about the housing boom being a facade and it preceeding a major catastrophe for the economy.

I know of at least 3 well-known Ivy League economists in 2006 and 2007 saying the housing bubble would be big and catastrophic (Penn economist Paul Krugman, as one example). And those economists were actually specific about why the housing market would burst. The reasons Schiff gave were nonsense; said gold would be up around $2000, said the printing of money alone would cause hyperinflation and said last year that the dollar would be down 50% by 2008, said bond rates will start to skyrocket like two years ago (30 year yields are at ~4%, still nowhere near early 1980's levels of 14%). He has basically been wrong about everything, actually. The only thing he has been "right" about is that something "bad" would happen, which over 2/3rds of economists were saying before this summer anyway.

 

[First]

Originally posted by: dmcowen674

Originally posted by: Skoorb

Originally posted by: Evan Lieb
Seriously man, you're just giving us great bump material.

Just like Peter Schiff's prediction exactly one year ago that the dollar would halve in value by 2008 (the dollar is in fact stronger exactly 12 months later), this is just going to end up making you look bad.

I guess peter got that wrong, but he got right when people laughed at him about the housing boom being a facade and it preceeding a major catastrophe for the economy.

Schiff did not make that prediction before I did.

Link? (you'll wimp out like you did before). How's the $5 gas prediction going btw, kiddo? :laugh:

 

[BrownTown]

I think its funny how everyone is so concerned about the stock market, maybe its just because I have no money in it that I don't really care. But looking at the falling stock market and saying some bull crap like "2 trillion dollars of wealth was destroyed in the last month" is just silly. I mean its nto like anything REAL actually happened, its just numbers on pieces of paper, no real resources suddenly dissapeared, there is the same amount of shit that there was before. Anyone who isnt an idiot will just sit on their stocks for now and wait for it to go right back up after all this paranoia blows over. Its just paranoia and specualtion driving the market down not anything all that fundamentally wrong with the economy.

 

[Dari]

Originally posted by: nixium
Dow 36000

Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a book by James K. Glassman and Kevin A. Hassett. It was published in 1999, shortly before the dot-com bubble burst, and predicted that the Dow Jones Index would rise to 36000 within a few years. Parts of the book were also published in The Atlantic Monthly. Its title refers to the Dow Jones Industrial Average.

As of September 2008, Hassett was serving as an economic advisor to John McCain's Presidential campaign.

:laugh: