Comments on: World Markets Plummet Despite Bailout

Investors Stay Scared As Europe Shows Lack Of Unified Response, U.S. Economy Keeps Souring

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by samsel3 October 6, 2008 8:48 AM EDT
And I can hear Steeley Dan singing the song:

BLACK FRIDAY

When Black Friday comes
I stand down by the road
And Watch the grey men
As they dive from the fourteenth floor..............
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by jellolion October 6, 2008 8:26 AM EDT
Or perhaps we will simply continue to head full speed down the path to our own destruction.

It''''s up to us fellow Americans. Do we value our freedom and humanity so little that we no longer deserve them? Or will we once again stand to defend and uphold American liberty?"

Nobody will take notice until the stormtroopers are marching down our streets. Heil Bushler.
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by petro49l October 6, 2008 8:24 AM EDT
The Saudis have the $700 billion dollars appropriated by Congress. OPEC bribes bought votes. The Banks and Investment Firms who directly benefit are owned by Arabs. The Saudis further cut oil production from the Persian Gulf. They ordered George W. Bush to raise the level of hostility in Afghanistan. These moves will increase the price for a barrel of oil. There could be a high demand for petroleum during this upcoming cold winter. U.S. Oil Corporations should consider new leases for drilling petroleum. Off shore oil is readily available throughout the Americas.
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by jellolion October 6, 2008 8:23 AM EDT
Cheney already checked out. He is making so much money outsouring the Iraq war, he figured his job at the white house is done. He succeeded in robbing us blind. Now we will see the Cheneys and Bush''s dissapear. They are so afraid somebody will decide to prosecute them for war crimes and murder (no statute of limitations) that they are all setting up residence in Mauritius.
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by stn_sage October 6, 2008 8:17 AM EDT
It might indeed, but we cannot just let those who stole it walk away scot free, they should also get back to the basics, if the rest of us have to.

Posted by brianbwb at 04:52 AM : Oct 06, 2008
----------------
Maybe so! But, they won''t stay here! They''ll head to Paraquay, Brazil, the French Riviera, and Dubai---places like that.
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by jellolion October 6, 2008 8:17 AM EDT
we go back to the basics, like riding bicycles instead of cars, growing our own food in out back yard, doing without electricity, losing your house and living out of the back of a station wagon, scavenging for food, while somebody is making 700 billion-the short sellers. The government alwaystries to influence the market, and it always fails. The money they pour in disappears as fast as it goes in.
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by stn_sage October 6, 2008 8:13 AM EDT
Until we get competent leadership in government it makes no sense to take any further action.
Maybe November elections will ''clean house''---it''s America''s last chance!
Having mortgaged the next generations'' future away with little or no result to show for it, let me say, " I told you so!"
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by airboatboy1 October 6, 2008 8:12 AM EDT
brianbwb- Your totally right, I agree with you there!
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by pirmin3 October 6, 2008 8:06 AM EDT
"World Markets Plummet Despite Bailout"

And the Wall Street CEO''s already have their money in off shore accounts since they can''t trust US banks. LMAO.
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by drinuk October 6, 2008 8:01 AM EDT
The World economy is in Meltdown, Governments, Bankers and the Elite have stolen Trillions, thousands of ordinary people have lost the roof over their heads and food prices are rising alarmingly BUT has any seen our Vice President ? WHERE IS CHENEY ? Just what is this man doing right now ? Is he at his HALIBURTON desk in Dubai ? WHERE IS CHENEY ?
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by brianbwb-2009 October 6, 2008 7:52 AM EDT
"It''s just money. It might do everbody good to get back to the basics for a while." Posted by airboatboy1

It might indeed, but we cannot just let those who stole it walk away scot free, they should also get back to the basics, if the rest of us have to.
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by drinuk October 6, 2008 7:52 AM EDT
The US government have yet to get a serious grip on the OIL CROOKS who are part of the current financial problem. Whilst on this Monday morning Oil is now at $80 per barrel in Singapore, we see very little change in our domestic or industrial prices.

Unless we start locking up both the financial and the oil barons very soon this mess will continue, nothing short of a term in prison is going to curb these crooks.
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by airboatboy1 October 6, 2008 7:50 AM EDT
Whoa now! Change the headlines and pictures a little bit and you would think there was a worldwide health epededemic that was out of control. It''s just money. It might do everbody good to get back to the basics for a while.
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by brianbwb-2009 October 6, 2008 7:40 AM EDT
"Seven hundred billion dollars didn''''t buy us much. Good money after bad. However, money does not just disappear. Somebody has it. Regulation means find it and restore it." Posted by edmetric

Actually currency printed without any real material backing, (gold, silver, labor, tec.) is illusory, so when the illusion that supports it collapses, the money printed because of the illusion disappears.

Credit is illusory, it is the illusion that money you don''t have now will somehow appear in the future. when it doesn''t, the illusion is shattered.
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by cozzicon October 6, 2008 7:25 AM EDT
Man...

A lot of people are going to be hurt by this. Jobs and houses lost.

I hope it doesn''t happen to me shiver
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by edmetric October 6, 2008 7:20 AM EDT
zaqxsw55 said He (McCain) illegally tried to use his influence to keep his good friend and single largest campaign contributor out of jail.

Not true. He (McCain) unwisely went to the regulators. When he (McCain) found out Keating was under a criminal investigation, he (McCain) withdrew. That''s why Congress only said he used bad judgment. McCain''s family lost $359,000 to Keating also.
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by edmetric October 6, 2008 7:15 AM EDT
Seven hundred billion dollars didn''t buy us much. Good money after bad. However, money does not just disappear. Somebody has it. Regulation means find it and restore it.
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