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What predictions ? If you had been paying attention to the market and the news the past year it was a matter of time. This plummet wasn't an "if" prediction but a "when" prediction.
The poster was understandably ridiculed because he sounded like a paranoid nutjob.
He is a "nutjob." Who cares about the stock-market?
The colonies and the US did just fine without a stock-market for 300 years.
Stock-markets aren't necessary. All forms of business have dozens of ways to raise capital. Publicly traded corporations have all of those dozens of ways to raise capital, plus one additional method of raising capital (the sale of stocks) that other forms of business don't have.
All markets inevitably crash and stocks are long-term investments, not short-term (unless your sole source of income is from stock sales).
No stock market crash has ever caused a recession or depression and recessions and depressions occur with or without stock markets.
There are ton of internet rumors about an "alleged" closed door session of congress. Supposedly the content of the session was regarding the imminent collapse of the economy, and the eventual collapse of the government in 2009. Normally I would dismiss this kind of stuff as paranoia, however, the date given for the collapse was September. Kind of spooky, but I think we are still quite a ways from a full collapse of the economy. Or at least I hope so........
There are ton of internet rumors about an "alleged" closed door session of congress. Supposedly the content of the session was regarding the imminent collapse of the economy, and the eventual collapse of the government in 2009.
There are also internet rumors that Jackie Kennedy shot JFK in Dallas on November 22, 1963. I'm pretty sure we can dismiss this one.
When economic times are tough, and they most certainly are that now, nut jobs come out of the woodwork with apocalyptic predictions. I read one the other day that suggested that the US economy would collapse at the hands of the Roman Catholic Church.
Not quite sure how that would work.
Anyway, it is easy, at times like this to succumb to panic. I suggest we avoid that strategy for as long as possible.
There are ton of internet rumors about an "alleged" closed door session of congress. Supposedly the content of the session was regarding the imminent collapse of the economy, and the eventual collapse of the government in 2009. Normally I would dismiss this kind of stuff as paranoia, however, the date given for the collapse was September. Kind of spooky, but I think we are still quite a ways from a full collapse of the economy. Or at least I hope so........
Well, the "content" of the closed door session, is what is up for "allegations" and rumors. The closed door "secret" session did indeed take place on March 13th 2008. Supossedly only the fourth such session in the last 182 years. Dennis Kucinich was opposed to the idea, and refused to attend. A link to a video with Kucinich discussing his reasons for refusing to attend, below.
Well, the "content" of the closed door session, is what is up for "allegations" and rumors. The closed door "secret" session did indeed take place on March 13th 2008
They discussed and voted on a bill that authorized funding dedicated to the overthrow of the Iranian government through the use of clandestine operations, oppositions groups and so on.
They discussed and voted on a bill that authorized funding dedicated to the overthrow of the Iranian government through the use of clandestine operations, oppositions groups and so on.
You may very well be correct. Do you have a "secret" source?
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