Perhaps they could sell the Aleutian Islands- the only thing they are good for is bad weather systems.
financial collapse
- Thread starter Stretch
- Start date
Perhaps they could sell the Aleutian Islands- the only thing they are good for is bad weather systems.
Russia already has plans to build a bridge or tunnel across the Bering Straight. If anything give them up for debt relief to Russia. They had to give away deep sea ports, the panama canal, several national parks (we had to give a couple of our parks up too) for debt relief in the past and did so quietly. Why not again?
http://www.timesonline.co.uk/tol/news/world/europe/article1680121.ece
Remember the cash for clunkers a couple years back? Do you know why they did that? China would only take steel, copper and aluminum for payment back in 09.
There,s no " through this" without war and customers are often confused, in the minds of the public, with thieves packing air superiority and the ultimate high ground. Everything must be reset to zero. There is an awful lot of very bloody accounting to be done before the vulgar economic sun shines again. And the enemy is, as always ,the "others" just over the hill in the next valley.
Collapse is often spelt O P P O R T U N I T Y. With careful thought and much caution, if you have investments in both equities and fixed income funds, it may be wise to start transferring from the fixed income into the equities.
CNN breaking news alert.
,,,
Wall Street had its worst day since the 2008 financial crisis, as fearful investors reacted to the United States losing its coveted AAA credit rating.
All three major U.S. stock indexes sank between 5% and 7%, pushing the Dow below 11,000 for the first time since last November. Overall, stocks have fallen 15% during the past two weeks.
Though observers said S&P's downgrade shouldn't matter all that much, the market wasn't buying it. "Investors are having one reaction to the downgrade: Sell first and ask questions later," said Paul Zemsky, head of asset allocation with ING Investment Management.
More to the point: "they looked at the "enemy" and saw that it was themselves ".. Until there is some serious self analysis, self reflection, introspection......and BEHAVIOR CHANGE (including ATTITUDE CHANGE)...... the spiral will gather momentum into something the world has not seen before. And it won't be "pretty"
time too for a major REALITY check.......and adjustment. Forget the "dream " concept......as that is both a myth (and has been all along) and has led to fanciful and unrealistic expectations. with far too much "instant gratification" at play.
Seems that the entire philosophy has to change into something that resembles realtiy. Can it be done?? Sure, but it will mean changing the mental programming that has created this virus of fantasy . CAn it be done WITHOUT BOASTING about it?? That is the tough one as it cuts to the chase.
...
Breaking News Alert
The New York Times
Monday, August 8, 2011 -- 4:07 PM EDT
-----
Wall Street Sell-Off Sends Stocks Down More Than 6%
Stocks plummeted Monday on Wall Street, as skittish investors, already concerned about the economy, struggled to work out the implications of an unprecedented downgrade of the United States government’s credit rating and sought safer places to put their money.
At the close of trading, the Standard & Poor’s 500-stock index was off more than 6 percent, almost doubling the 7 percent loss incurred last week. The Dow Jones industrial average showed a one-day decline of more than 600 points, its steepest point loss in a single day since December 2008.
The declines, coming in the first opportunity for investors to sell since Standard & Poor’s cut its rating on the nation’s long-term debt late Friday, reflected anxiety over the United States economy and Europe’s debt woes. But in the flight to safety on Monday, even the downgraded Treasury securities were a refuge, with yields declining. Gold surged to more than $1,700 an ounce.
Read More:
http://www.nytimes.com/?emc=na
,,,
Wall Street had its worst day since the 2008 financial crisis, as fearful investors reacted to the United States losing its coveted AAA credit rating.
All three major U.S. stock indexes sank between 5% and 7%, pushing the Dow below 11,000 for the first time since last November. Overall, stocks have fallen 15% during the past two weeks.
Though observers said S&P's downgrade shouldn't matter all that much, the market wasn't buying it. "Investors are having one reaction to the downgrade: Sell first and ask questions later," said Paul Zemsky, head of asset allocation with ING Investment Management.
There,s no " through this" without war and customers are often confused, in the minds of the public, with thieves packing air superiority and the ultimate high ground. Everything must be reset to zero. There is an awful lot of very bloody accounting to be done before the vulgar economic sun shines again. And the enemy is, as always ,the "others" just over the hill in the next valley.
More to the point: "they looked at the "enemy" and saw that it was themselves ".. Until there is some serious self analysis, self reflection, introspection......and BEHAVIOR CHANGE (including ATTITUDE CHANGE)...... the spiral will gather momentum into something the world has not seen before. And it won't be "pretty"
time too for a major REALITY check.......and adjustment. Forget the "dream " concept......as that is both a myth (and has been all along) and has led to fanciful and unrealistic expectations. with far too much "instant gratification" at play.
Seems that the entire philosophy has to change into something that resembles realtiy. Can it be done?? Sure, but it will mean changing the mental programming that has created this virus of fantasy . CAn it be done WITHOUT BOASTING about it?? That is the tough one as it cuts to the chase.
...
Breaking News Alert
The New York Times
Monday, August 8, 2011 -- 4:07 PM EDT
-----
Wall Street Sell-Off Sends Stocks Down More Than 6%
Stocks plummeted Monday on Wall Street, as skittish investors, already concerned about the economy, struggled to work out the implications of an unprecedented downgrade of the United States government’s credit rating and sought safer places to put their money.
At the close of trading, the Standard & Poor’s 500-stock index was off more than 6 percent, almost doubling the 7 percent loss incurred last week. The Dow Jones industrial average showed a one-day decline of more than 600 points, its steepest point loss in a single day since December 2008.
The declines, coming in the first opportunity for investors to sell since Standard & Poor’s cut its rating on the nation’s long-term debt late Friday, reflected anxiety over the United States economy and Europe’s debt woes. But in the flight to safety on Monday, even the downgraded Treasury securities were a refuge, with yields declining. Gold surged to more than $1,700 an ounce.
Read More:
http://www.nytimes.com/?emc=na
Don't worry about catching the exact bottom, but tomorrow I think I'm going to start moving funds. It all depends on your time horizon and the fund. I think our Natural Resources are a pretty safe bet- maybe our financials too.
Debt Crises and Market Turmoil
Is The World Going Bankrupt?
By SPIEGEL Staff
Europe and the US are hopelessly over-indebted. The crisis that started in the US real estate sector in 2007 has devastated state finances on both sides of the Atlantic and is threatening to wreck the euro and trigger a second global downturn. The world lacks the political leadership needed to end the turmoil.
Debt Crises and Market Turmoil: Is The World Going Bankrupt? - SPIEGEL ONLINE - News - International
Is The World Going Bankrupt?
By SPIEGEL Staff
AFP
A trader at the New York Stock Exchange last week. Europe and the US are hopelessly over-indebted. The crisis that started in the US real estate sector in 2007 has devastated state finances on both sides of the Atlantic and is threatening to wreck the euro and trigger a second global downturn. The world lacks the political leadership needed to end the turmoil.
Debt Crises and Market Turmoil: Is The World Going Bankrupt? - SPIEGEL ONLINE - News - International
Debt Crises and Market Turmoil
Is The World Going Bankrupt?
By SPIEGEL Staff
AFPA trader at the New York Stock Exchange last week.
Europe and the US are hopelessly over-indebted. The crisis that started in the US real estate sector in 2007 has devastated state finances on both sides of the Atlantic and is threatening to wreck the euro and trigger a second global downturn. The world lacks the political leadership needed to end the turmoil.
Debt Crises and Market Turmoil: Is The World Going Bankrupt? - SPIEGEL ONLINE - News - International
It's a very sad state of affairs- the turkeys that got us into this obviously didn't learn how to handle a home budget at their mothers' knee. It all comes back to spending money you ain't got. :lol: Oh and I forgot to mention greed is the other half of the predicament.
but that is not going to stop it. Blaming , shifting responsibility to others, ( even phantoms ) is a long standing pattern., that does not self correct at will.
The blame thing might be the least of the problems ...but it sure does nothing to demonstrate an objective and firm resolution to address these critical issues........and do it without the crap they allow to take place ...
It is long overdue for some ADULT behavior.
absolutely spot on. these same turkeys are more interested in the feeling of power they enjoy far too much and forget that they have been elected to do a serious job for the population. But somehow that is forgotten ......as we saw in the childish bickering that was embarrassing to watch ...
Kindergarden kids show more maturity. and learn how to play together quickly or they will be left out.
Global Economic Chaos
Selected Articles
Global Economic Chaos
Really? I guess you better tell that to the relatives of the thousands of Chinese soldiers the Vietnamese killed in the attempted Chinese invasion of Vietnam in 1979.
Chinese Invasion of Vietnam
Apparently the two countries do not get along all that well.
I see the Hang Seng is down over 1000 points overnight. There are going to be real good buying opportunities, so keep a close eye on the situation but don't jump too far too soon and most of all don't panic..........a paper loss won't hurt you and we could be near the bottom for an extended period (months)
Pipe dreams. The world economy is being intentionally demolished. It needs to be replaced because it is based on nothing tangible. Those in control have been planning this for a long time and you can be sure when the pieces all fall into place, they will be the only ones who come out ahead.