Stock Market TANKING!

[cottonzway]

The stock market is taking another beating today. What is even more "creepy" is gold is way down. That's bad. That is an indication that wealthy people are having to sell their gold to pay off debts.

When the dollar goes down, gold goes up. Everything is down though. Japan and Russia haulted trading today.

I would not be shocked if the DOW by the end of the day is hovering at or below 8,000. Keep in mind that is with, I'm sure, the PTT pumping the markets full of "fake" money.

Disaster after disaster.

 

[mike]

i saw one pundit on TV last night saying if you have the cash nows a good time to buy, the "assets" are still sound, but the value/price is down.

im still of the mind this will be a noisy book balance with some definative losers, and then life as usual, the farmer will grow wheat, the baker bake bread ,truck drivers will still eat sandwhiches the wheel will keep turning.

the US and China are in the poo, Basically the US has filed a chapt 11 ?. what we call bankrupcy here. which means the party taking the risk ie bank or china loses its money, and the defaulter gets a credit rating that means no one will touch him/her/it. this means ppl are less likely to export goods to the US for fear of non payment. job losses both sides as manufacturers shut down in china having lost a large market and in the US.

just my 2 cents, but if i were asked whats the single thing the US should do right now it would be tool up and start manufacturing the world best most reliable and cheapest hydrogen/electric applications including cars and home generators.
petrol is never going to get cheaper, and we rely on the dirty stuff to the extent that we had to secure a 3rd of the world supply with a war recently. the world is screaming out for someone to tool up to the extent that hydrogen generators and cars etc are mass produced and cheap and reliable. a Hydro/Electric Volkswagon if you will

http://world.honda.com/news/2007/4071114Experimental-Home-Energy-Station/

this is the future, its a massive market waiting to happen, and i reckon nows the time to jump in and make your mark, i reckon any car manufacturer thinking they will be making gas guzlers in 20 tears time is crazy

as a second choice id be setting up a helium3 powered monster power plant on the moon, and using microwave and sat technoligy to beam the power back for domestic use and sale overseas

 

[truthseeker]

i saw one pundit on TV last night saying if you have the cash nows a good time to buy, the "assets" are still sound, but the value/price is down.

im still of the mind this will be a noisy book balance with some definative losers, and then life as usual, the farmer will grow wheat, the baker bake bread ,truck drivers will still eat sandwhiches the wheel will keep turning.

the US and China are in the poo, Basically the US has filed a chapt 11 ?. what we call bankrupcy here. which means the party taking the risk ie bank or china loses its money, and the defaulter gets a credit rating that means no one will touch him/her/it. this means ppl are less likely to export goods to the US for fear of non payment. job losses both sides as manufacturers shut down in china having lost a large market and in the US.

just my 2 cents, but if i were asked whats the single thing the US should do right now it would be tool up and start manufacturing the world best most reliable and cheapest hydrogen/electric applications including cars and home generators.
petrol is never going to get cheaper, and we rely on the dirty stuff to the extent that we had to secure a 3rd of the world supply with a war recently. the world is screaming out for someone to tool up to the extent that hydrogen generators and cars etc are mass produced and cheap and reliable. a Hydro/Electric Volkswagon if you will

http://world.honda.com/news/2007/4071114Experimental-Home-Energy-Station/

this is the future, its a massive market waiting to happen, and i reckon nows the time to jump in and make your mark, i reckon any car manufacturer thinking they will be making gas guzlers in 20 tears time is crazy

as a second choice id be setting up a helium3 powered monster power plant on the moon, and using microwave and sat technoligy to beam the power back for domestic use and sale overseas

Agreed.
getting off fossil fuels is the single most important thing we can do right now. It will spawn off new markets and breakthroughs as has never been seen before, while at the same time securing our nation and the world. The camel jockeys would have to go back to the stone age and it would eliminate our need to be present in that part of the world saving us hundreds of billions of dollars.