[ARCHIVED THREAD] - Depression 2.0 (Page 1 of 2)
Posted: 11/12/2008 1:47:04 PM EDT
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By more guns and ammo because Depression 2.0 is coming. The people that voted for Obama will be the first ones to be homeless and out of the job. My only regret is that those who try to save the country will be hurt by Obama economic policies.
If the Dow goes below 7000, that's over 50% of American wealth gone. As of today we're 1300 from 7000. The rich and business people are moving their money away from the US so Obama won't be able to steal it. Without their investments a recession will turn into a depression. Hide your money and your gun. Stay safe! |
| I agree completely. I'm starting to weigh the idea of pulling out my 401k money. I'd almost rather take the tax hit than let the Democrats steal it all. We aren't anywhere near the end of this downturn, it is only going to get worse. Definitely stock up on all guns & ammo you think you'll need for the forseeable future. |
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I agree completely. I'm starting to weigh the idea of pulling out my 401k money. I'd almost rather take the tax hit than let the Democrats steal it all. We aren't anywhere near the end of this downturn, it is only going to get worse. Definitely stock up on all guns & ammo you think you'll need for the forseeable future. You're weighing getting you're money out ......where have you been? You have only lost 1/3 of it by now just leave it sit. 
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Quoted: Obama and the liberals wants to nationalize your 401k and other retirement funds. If this happen it will automatically trigger a depression regardless of DOW. I lose sleep over a lot of things, this is not one of them. I think encouraging people to cash out their retirement savings is reckless. |
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Obama and the liberals wants to nationalize your 401k and other retirement funds. If this happen it will automatically trigger a depression regardless of DOW. I lose sleep over a lot of things, this is not one of them. I think encouraging people to cash out their retirement savings is reckless. If Obama nationalized your retirement funds, you won't get a penny out of it. |
| At first it was the "R" word that could not be uttered...............recession. Now the "D" word is starting to show itself. We made it to recession. My gut says the "D" word isn't too far off. Paulson has NO CLUE what to do with the 700 billion and it's already almost spent. Barney Frank, Hand Reid and Pelosi are all still idiots. And Obama is an egomaniac who won't vary a bit from his agenda, guaranteeing, if not increasing, the downward death spiral of the present economy. |
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I think a good bit of wealth is still in America. There is land, buildings, minerals, and all sorts of valuable things that the Dow does not measure. Sorry, but the land belongs to the Chinese, the mineral rights belong to the oil companies and the buildings are being foreclosed on as we speak. Gotta get me some that guberment cheese. 
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I think we're starting to see real effects of a deflationary spiral.
Once lending standards were tightened, it was pretty obvious that half the consumers in the US would become incapable of making large purchases. I think they should be, but the economy is now dependent on the whole population making those purchases, not half of it. This has the potential to destroy the US economy. |
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At first it was the "R" word that could not be uttered...............recession. Now the "D" word is starting to show itself. We made it to recession. My gut says the "D" word isn't too far off. Paulson has NO CLUE what to do with the 700 billion and it's already almost spent. Barney Frank, Hand Reid and Pelosi are all still idiots. And Obama is an egomaniac who won't vary a bit from his agenda, guaranteeing, if not increasing, the downward death spiral of the present economy. Here the funny part. We are NOT IN A RECESSION as of yet! It takes to negative quarters to make a recession official. We had one negative recession last quarter and 99.9% chance of negative growth this quarter. In other words, it going to get really really worst next year. It's just starting. Obama money stealing plans will turn a recession into a depression. God help us all. |
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I think a good bit of wealth is still in America. There is land, buildings, minerals, and all sorts of valuable things that the Dow does not measure. Sorry, but the land belongs to the Chinese, the mineral rights belong to the oil companies and the buildings are being foreclosed on as we speak. Gotta get me some that guberment cheese.
They don't have cheese in mind this time, only showers. |
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I think encouraging people to cash out their retirement savings is reckless.
Watching your retirement savings lose 50% while staying in and not pulling the exit trigger is wreckless IMO... its gonna go back up. this isnt he end of the world, its just gonna be a real bad time. real bad times, like real good times dont last forever.. but best guess.. yes we are in for real bad times.. if obama makes it worse it will be by doing things that overcorrect for problems, not by taxing to death whats left of folks weath.. he'll do that later if he is able to turn things around. my prediction is we'll hit 6000 or less in 12 months.. |
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its gonna go back up. .
Well, one would have to look at their investment horizon, as well as the anticipated time it will take to see today's stock market valuations again... If it takes 20 years to get back to today, but you retire in 5, then you should cash out now. There is a LOT weighing against us right now, huge consumer debt, no manufacturing base, about a 2 to 1 ratio of employable vs. retired, and the list goes on and on and on... |
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I think encouraging people to cash out their retirement savings is reckless.
Watching your retirement savings lose 50% while staying in and not pulling the exit trigger is wreckless IMO... its gonna go back up. this isnt he end of the world, its just gonna be a real bad time. real bad times, like real good times dont last forever.. but best guess.. yes we are in for real bad times.. if obama makes it worse it will be by doing things that overcorrect for problems, not by taxing to death whats left of folks weath.. he'll do that later if he is able to turn things around. my prediction is we'll hit 6000 or less in 12 months.. Recession isn't a problem. Every 8-12 years a recession comes by. Depression on the other hand is a problem. They are predicting at least 10% will go jobless by next year because investors are moving their money away from the US and into save heavens so Obama won't steal it. In order to get out of a recession you need investments. That's not going to happen on Obama watch. |
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its gonna go back up. .
Well, one would have to look at their investment horizon, as well as the anticipated time it will take to see today's stock market valuations again... If it takes 20 years to get back to today, but you retire in 5, then you should cash out now. There is a LOT weighing against us right now, huge consumer debt, no manufacturing base, about a 2 to 1 ratio of employable vs. retired, and the list goes on and on and on... yep.. if you're about to retire or just did and you had the majority of your wealth in the market you are basically done.. |
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Obama and the liberals wants to nationalize your 401k and other retirement funds. If this happen it will automatically trigger a depression regardless of DOW. I lose sleep over a lot of things, this is not one of them. I think encouraging people to cash out their retirement savings is reckless. I'll cash it out before they nationalize it. You can bet your last penny on that one. If they nationalize it you will be giving all that you worked for to the LOOTIE's who refuse to work. I am not going to willing support the LOOTIE's of this world with what I saved for retirement. I draw the line there. Sorry. |
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its gonna go back up. .
Well, one would have to look at their investment horizon, as well as the anticipated time it will take to see today's stock market valuations again... If it takes 20 years to get back to today, but you retire in 5, then you should cash out now. There is a LOT weighing against us right now, huge consumer debt, no manufacturing base, about a 2 to 1 ratio of employable vs. retired, and the list goes on and on and on... If a 2 to 1 working to retired ratio looks bad now. Just wait. In 2024 the Social Security Retirement eligible becomes 60 percent of the USA population. Supporting 60 percent of the population with 40 percent of the people is definitely not possible. |
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Quoted:
its gonna go back up. .
Well, one would have to look at their investment horizon, as well as the anticipated time it will take to see today's stock market valuations again... If it takes 20 years to get back to today, but you retire in 5, then you should cash out now. There is a LOT weighing against us right now, huge consumer debt, no manufacturing base, about a 2 to 1 ratio of employable vs. retired, and the list goes on and on and on... If a 2 to 1 working to retired ratio looks bad now. Just wait. In 2024 the retirement Social Security Retirement eligible becomes 60 percent of the USA population. Supporting 60 percent of the population with 40 percent of the people is definitely not possible. HEY!!! HEY!!! HEY!!! Don't start interjecting facts into this discussion. |
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The Dow at its height was over 14000. Bush added 3000+ to the stock market on his term after the tech bubble busted. Most people think Bush at best can get the stock market back to 10000. So he over achieved. Then the liberals had to screw it up with the sub prime mess.
IIRC the tech bubble the DOW went from 11000 to 8000. What we now have here is 14000 to 8300 and is predicted to drop further. If the DOW drop below 7000 by this year it will be the worst Dow down year ever. Greater then the year that triggered the Great Depression. |
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Swiping people's 401k is right up there with starting a military draft with great ways to end a politicial career. Are you assuming we'll be able to vote them out? I wouldn't count on it. They're getting very skilled at stealing elections. Are you familiar with the Soros funded Secretary of State project? http://www.secstateproject.org/ it's moveon.org shit dedicated to putting their stooges into state secretary of state positions so that they don't even have to win elections, they just have to get close enough for the stooge to toss it their way. |
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I think encouraging people to cash out their retirement savings is reckless.
Watching your retirement savings lose 50% while staying in and not pulling the exit trigger is wreckless IMO... This depends on your age. If someone is close to retirement and are still in a growth mode then they could be in for a scary ride, but I do not see why anyone would do that. I won't retire for another 20-25 years so I'm 100% growth. And yes I have taken a pretty good hit. My 401k is experiencing a buying opportunity, more shares for the same amount of dollars. Same thing happened in the 2000 bust, the recovery was impressive. Obviously as I get closer to retirement I will be scaling toward capital preservation and away from aggressive growth so if the market jumps around I'm more insulated. At that point I do not have the luxury of time like I do now. If someone is young and considering getting out of their 401k because of the current market I would encourage them to take a deep breath and really think it through. |
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[if obama makes it worse it will be by doing things that overcorrect for problems, not by taxing to death whats left of folks weath.. he'll do that later if he is able to turn things around. Things like bailing out Detroit will make it worse. The thing is, a recession is an economic correction, and Obama et al will do what they can to offset the necessary correction. Therby preventing the economy from doing what it has to do to work things out. Even the Republicans are acting stupid in this, but the Democrat response is essentially insane, economically speaking. |
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.....................If the Dow goes below 7000, that's over 50% of American wealth gone. As of today we're 1300 from 7000. ........................ Is the wealth "gone", or just in different pockets? If I bought 100 Nucor from someone at 60, he has the 6000. I have the 100 shares. The fact that they are going for around 30 doesn't mean the wealth has been destroyed, only that I'm not the one holding it. |
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By more guns and ammo because Depression 2.0 is coming. The people that voted for Obama will be the first ones to be homeless and out of the job. My only regret is that those who try to save the country will be hurt by Obama economic policies. If the Dow goes below 7000, that's over 50% of American wealth gone. As of today we're 1300 from 7000. The rich and business people are moving their money away from the US so Obama won't be able to steal it. Without their investments a recession will turn into a depression. Hide your money and your gun. Stay safe! 1) The rest of the world is moving their money TO the US 2) If the Dow hits 7k, it will be at 2001 levels.... That's not a depression |
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.....................If the Dow goes below 7000, that's over 50% of American wealth gone. As of today we're 1300 from 7000. ........................ Is the wealth "gone", or just in different pockets? If I bought 100 Nucor from someone at 60, he has the 6000. I have the 100 shares. The fact that they are going for around 30 doesn't mean the wealth has been destroyed, only that I'm not the one holding it. The credit crunch is what is 'destroying' wealth/money... As credit tightens and people default, money is literally disappearing daily... And the Fed is having troube making more fast enough.... |
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its gonna go back up. .
Well, one would have to look at their investment horizon, as well as the anticipated time it will take to see today's stock market valuations again... If it takes 20 years to get back to today, but you retire in 5, then you should cash out now. There is a LOT weighing against us right now, huge consumer debt, no manufacturing base, about a 2 to 1 ratio of employable vs. retired, and the list goes on and on and on... If a 2 to 1 working to retired ratio looks bad now. Just wait. In 2024 the Social Security Retirement eligible becomes 60 percent of the USA population. Supporting 60 percent of the population with 40 percent of the people is definitely not possible. Very true... This is why the US needs (and allways has neeeded) immigration... The problem right now is that most of the immigration we are getting is illegal... |
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.....................If the Dow goes below 7000, that's over 50% of American wealth gone. As of today we're 1300 from 7000. ........................ Is the wealth "gone", or just in different pockets? If I bought 100 Nucor from someone at 60, he has the 6000. I have the 100 shares. The fact that they are going for around 30 doesn't mean the wealth has been destroyed, only that I'm not the one holding it. The credit crunch is what is 'destroying' wealth/money... As credit tightens and people default, money is literally disappearing daily... And the Fed is having troube making more fast enough.... Don't confuse money with wealth, they're two completely different things. And that bit about the fed having trouble isn't true, M3 is still increasing rapidly, there's just fewer people qualifying for loans. |
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Swiping people's 401k is right up there with starting a military draft with great ways to end a politicial career. Are you assuming we'll be able to vote them out? I wouldn't count on it. They're getting very skilled at stealing elections. Are you familiar with the Soros funded Secretary of State project? http://www.secstateproject.org/ it's moveon.org shit dedicated to putting their stooges into state secretary of state positions so that they don't even have to win elections, they just have to get close enough for the stooge to toss it their way. then we vote from the rooftops. 
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Quoted:
Quoted:
its gonna go back up. .
Well, one would have to look at their investment horizon, as well as the anticipated time it will take to see today's stock market valuations again... If it takes 20 years to get back to today, but you retire in 5, then you should cash out now. There is a LOT weighing against us right now, huge consumer debt, no manufacturing base, about a 2 to 1 ratio of employable vs. retired, and the list goes on and on and on... If a 2 to 1 working to retired ratio looks bad now. Just wait. In 2024 the Social Security Retirement eligible becomes 60 percent of the USA population. Supporting 60 percent of the population with 40 percent of the people is definitely not possible. Don't worry, just like abortion and infanticide, euthanasia of the elderly will be perfectly acceptable by then. It is for the good of society as a whole! <––-(sarcasm) A synopsis of the book "Geronticide: Killing the Elderly": "The increasing elderly population poses many economic and ethical questions for modern society. One of the most topical and controversial of these is the debate about euthanasia. Drawing on a variety of historical, contemporary, anthropological and literary sources, this book considers the present day debates about the sanctity of elderly lives and the question of euthanasia. The book shows that killing the elderly, voluntarily or involuntarily, has been a feature of many societies, from the primitive to the present day. Elderly homicide and euthanasia today are most commonly concealed in the home or the care institution, a situation which is attracting increasing professional concern. Geronticide: Killing the Elderly seeks to place the current debate in a wider historical and social context, while providing a comprehensive overview of current academic and professional concerns. This thorough, authoritative book will be a useful, thought-provoking read for anyone involved in working with the elderly." |
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Quoted:
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Swiping people's 401k is right up there with starting a military draft with great ways to end a politicial career. Are you assuming we'll be able to vote them out? I wouldn't count on it. They're getting very skilled at stealing elections. Are you familiar with the Soros funded Secretary of State project? http://www.secstateproject.org/ it's moveon.org shit dedicated to putting their stooges into state secretary of state positions so that they don't even have to win elections, they just have to get close enough for the stooge to toss it their way. then we vote from the rooftops.
No you won't. They've stolen several elections via this method already. |
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to save the country will be hurt by Obama economic policies. If the Dow goes below 7000, that's over 50% of American wealth gone. As of today we're 1300 from 7000. No - American wealth is in many different forms - stock equity is one of them, but not the ONLY form of wealth. Not to say the situation is no big deal; its bad. But the stock market is not the sole indicator of wealth by any stretch of the imagination. |
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Quoted: Quoted: By more guns and ammo because Depression 2.0 is coming. The people that voted for Obama will be the first ones to be homeless and out of the job. My only regret is that those who try to save the country will be hurt by Obama economic policies. If the Dow goes below 7000, that's over 50% of American wealth gone. As of today we're 1300 from 7000. The rich and business people are moving their money away from the US so Obama won't be able to steal it. Without their investments a recession will turn into a depression. Hide your money and your gun. Stay safe! 1) The rest of the world is moving their money TO the US Because Paulson & Bernake will guarantee their Money with OUR money. 2) If the Dow hits 7k, it will be at 2001 levels.... That's not a depression Adjust for an INFLATED Market, and it's worse...PHYSICAL CASH/CREDIT LINES are running OUT, so how can THEY make Payrolls, or Purchase Inventory. Why the Bottom has yet to come. You can't make a PROFIT if you have nothing to OFFER. The .GOV is just STALLING the inevitable. |
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http://i337.photobucket.com/albums/n399/psyops4fun/history.gif
His Excellency Declares by Order of His Imperial Self Stocks to Rise in Permanent Rally  
At least there is one good thing about BHO getting elected, Psyops's hilarious posts. |
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By more guns and ammo because Depression 2.0 is coming. The people that voted for Obama will be the first ones to be homeless and out of the job. My only regret is that those who try to save the country will be hurt by Obama economic policies. If the Dow goes below 7000, that's over 50% of American wealth gone. As of today we're 1300 from 7000. The rich and business people are moving their money away from the US so Obama won't be able to steal it. Without their investments a recession will turn into a depression. Hide your money and your gun. Stay safe! 1) The rest of the world is moving their money TO the US Because Paulson & Bernake will guarantee their Money with OUR money. 2) If the Dow hits 7k, it will be at 2001 levels.... That's not a depression Adjust for an INFLATED Market, and it's worse...PHYSICAL CASH/CREDIT LINES are running OUT, so how can THEY make Payrolls, or Purchase Inventory. Why the Bottom has yet to come. You can't make a PROFIT if you have nothing to OFFER. The .GOV is just STALLING the inevitable. Yep, I think you're right. |
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its gonna go back up. .
Well, one would have to look at their investment horizon, as well as the anticipated time it will take to see today's stock market valuations again... If it takes 20 years to get back to today, but you retire in 5, then you should cash out now. There is a LOT weighing against us right now, huge consumer debt, no manufacturing base, about a 2 to 1 ratio of employable vs. retired, and the list goes on and on and on... If a 2 to 1 working to retired ratio looks bad now. Just wait. In 2024 the Social Security Retirement eligible becomes 60 percent of the USA population. Supporting 60 percent of the population with 40 percent of the people is definitely not possible. Don't worry, just like abortion and infanticide, euthanasia of the elderly will be perfectly acceptable by then. It is for the good of society as a whole! <––-(sarcasm) A synopsis of the book "Geronticide: Killing the Elderly": "The increasing elderly population poses many economic and ethical questions for modern society. One of the most topical and controversial of these is the debate about euthanasia. Drawing on a variety of historical, contemporary, anthropological and literary sources, this book considers the present day debates about the sanctity of elderly lives and the question of euthanasia. The book shows that killing the elderly, voluntarily or involuntarily, has been a feature of many societies, from the primitive to the present day. Elderly homicide and euthanasia today are most commonly concealed in the home or the care institution, a situation which is attracting increasing professional concern. Geronticide: Killing the Elderly seeks to place the current debate in a wider historical and social context, while providing a comprehensive overview of current academic and professional concerns. This thorough, authoritative book will be a useful, thought-provoking read for anyone involved in working with the elderly." Sounds like the old series - Logan's Run. |
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http://i337.photobucket.com/albums/n399/psyops4fun/history.gif
His Excellency Declares by Order of His Imperial Self Stocks to Rise in Permanent Rally
At least there is one good thing about BHO getting elected, Psyops's hilarious posts. +1 
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