Not scared enough today? Check this out...

This does not scare me because every few years someone comes up with charts paralleling 1929 and now. It makes for good convo, but the financial world is so much different now.  We have actually had larger drops than 1929 and it do not have the same results.

why be scared?
 
we all know history never repeats itself.

Water?   check
Food? check
Guns & ammo? check
 
bring it on.

End the Fed!

paulo
The one advantage of not having anything in the first place is not having to worry about maybe losing it all.

That's why I have no self respect.

It's OK! My X wife, that is retired from Walmart, says there are safe guards in place to prevent such things from happening like the 29' crash!

Bapu will rule!
 

2015 is the target date for the next crash

why be scared?

we all know history never repeats itself.

The Hindenburg Omen..... (look it up) has been triggering more in recent months..... just another sign, not the absolute proof.
 
Another factor is BRICS.   (Brazil, Russia, India, China, Spain) These countries have formed a pac, as well as rumors that Russia, China, and some middle east countries want to start trading oil in "other than the US currency world reserve".   That's perhaps the most frightening of the indicators that trouble is coming.  Consider that more than a few countries would like to see the US dollar removed as the world's trading currency standard. Look at what happened to and in Britain when the Pound Sterling was replaced by the dollar as the world reserve currency. The British empire fell apart in a catastrophic way and did so rather quickly. Britain went from THE world power to a small island in the North Atlantic almost overnight.
 
Combine all that with a posted national debt approaching 18 trillion and unfunded debt in excess of 100 trillion that no one likes to talk about..... considering that I've heard an estimate that all the wealth in the world is estimated at around 350 trillion..... we own 1/3 approx of that debt....
 
Interest rates are being kept artificially low for a reason. That reason is simple arithmetic. If interest rates rise, the money owed on our debt in interest payments would quickly exceed the income through taxes, and the ability of the US to make those interest payments to the bankers would not be possible to make.
 
Make no mistake..... that day is coming.... one way or another.
 
The economy can not remain propped up by the fed pumping more money into the supply.... (inflating the dollars) since they know good and well that we are on a dangerous course by doing that. No country, no economy has ever come out of that intact. But, on the other hand, if they stop pumping, the markets collapse. Watch the markets when they announce a simple cutting back or reduction in the amount of pumping. We're currently in the proverbial place of being between the rock and the hard place. They know it. Anybody notice the number of bankers in the top banks that have been committing suicide recently?
 
When will it happen? How will it happen? No one has that answer. There will be a trigger event, and when it happens, hold on.... because it will be one wild and crazy ride. Life as we know it will likely change in dramatic ways.
 
OK..... enough of my ramblings..... I got chores to do and preps to make....

BTW: I hope I'm truly way, way, way, off base in my thoughts and predictions......and all this will just be a little bump in the road to better things.....

What is more scary than anything is that we're in such a society as to get overloaded with information and garbage, to the point that no one knows if anything is right or wrong.

I think about this a lot. Everybody seems to have an agenda, which is usually figuring out how to get their hand into your pocket. You can't trust the news media. You certainly can't trust the internet. You never could trust the government. And the truly scary thing is that even if somebody wants to report the unbiased truth they can't, because any references they might consult would be suspect.
 
We live in a world where political correctness demands that every point of view be given equal weight. Where "experts" is always in quotes, as if such a thing as expertise didn't really exist. Where science is viewed with distrust but pseudo-science is swallowed without question. The Discovery and History channels have been taken over by made-up B.S. "documentaries" about ghosts, Bigfoot and mermaids. 30% of Americans can't identify the Pacific Ocean on a globe, but they can easily identify alien buildings in Mars photos.
 
For myself, I am a committed skeptic. Which is to say that I presume by default that anything I read, anything the TV tells me, and most important, everything I already believe is probably wrong, either in whole or in part. To quote Harry Truman - himself a master of disingenuous propaganda - "show me".

Since the fed can buy or short any dollar, gold, S&P futures it wants with monopoly money, it has a lot of power to move markets where it wants them thus controlling the world.
 
Hope is not a very good strategy for anything but, In the back of my head I keep hearing Dick Cheney's comment that "the American way of life is non-negotiable".
 
But, If China and Russia decide that enough is enough, well, that might be a different story.
 
We are all in this together whether we like it or not, and we will all be under one global rule eventually. So, you might as well realize that these are the good old days.

Don't worry, be happy.
 
Regards,