GPMike

To get right to it....dismal. I see the Axis powers wheeling and dealing and looking to really put the screws to the US the only way they know how.....with Oil and unrelenting speculation. Witness the Ruskies in Venezuela. I fully expect some shenanigans to play out on the world stage where that horsehead Chavez will cut the spigots to the US. That will mean pain, pain, pain as the US imports 25 percent of its oil usage from Venezuela. I have been calling for Chavez's liquididation on other channels for years now, but no one listens. We will pay the price. Do I even need to mention Iran? I think we know where that is headed.

China has cut back drastically its buying of US debt. In fact...from what I read they are no longer buying. The rug has been pulled. That helped propel the current credit crisis to the level it is at. Believe me, forces have the US right where they want it....weak. Combine that with abnormal terrorist chatter (i.e October may be interesting) we may be looking at the beginning of the end of the US as we know it.

For those that wish to poo poo me again...I say look at my posts in here over the past year....I have been right on every occasion. Stock up on perishables/non-perishables, MREs, ammo and firearms....the new currency of survival.

mingster

yes, let's all move to Canada and become socialists

sahtt

Anything is possible. I've already got guns and ammo, we can go hunting together if $hit hits the fan.

AZDavid

Why move? Just give it some time and the US will be out right socialistic. It is the direction we are heading.

AssassinJN

Still waiting on your DJI prediction and collapse of the US economy, what/when were they again? 700 and this year?

Can you please post where you "read" that China is no longer buying our debt? Thnx

GPMike

14000 to 10000 isnt enough of a drop for you. Don't worry then....I am sure our friends/enemies have more in store. China already told their banks to stop interbank lending to US banks. They slowed UST buying as well. Use the internet...its a great research tool.

tony241

great research tool with not much credibility

GPMike

Depends where you look. I can pull up government docs showing research that the chicoms are planning to slow their debt purchases because that is where I read it.

Anyway...back to AssassinNJ: http://finance.yahoo.com/q?s=^DJI

down 777 pts. I hate to say I told you so...but I told you so.

GPMike

Couldn't agree more.

A bailout would mark an official move to socialism....the Constitution be damned. Our Founding Fathers would revolt if they were alive today.

sahtt

i'd rather be a little socialist in this regard then a lot in a depression. I know all about free markets and all that stuff, studied it for a long time. The problems we are facing are created by the government and have to be alleviated by it, unfortunately. Or we can go hunting and fishing instead of going to work, which actually sounds pretty damn good. I can clean animals like a butcher and I can fly fish pretty well.