00AgentMan (December 31, 1969 at 6:59 pm)

we can make gold now

pukaman2000 (December 31, 1969 at 6:59 pm)

Looks like we made the 5000 point drop you predicted.

pukaman2000 (December 31, 1969 at 6:59 pm)

You misinterpret what left is. Bush is for big business, and is bailing out big business. Left is for social programs and giving everyone the right to use public property. Hence a left person would be for roads, beaches, parks. Bush is bailing out banks and speculators, not building libraries.

Jakemcstud (December 31, 1969 at 6:59 pm)

the system in based on credit expansion, and once things start going its only going to get worse, bad credit, bad auto loans, and alternative loans to the tune of 3 trillion$. The housing crisis a mere 2 trillion is just the beggining, stock up on rice and oat meal. relaize this. Go on marketwatch blogs, the educated are preparing. not one person in optimisitc

crazypokermike (December 31, 1969 at 6:59 pm)

It's funny, everyone wants "change" to a more liberal government... too bad Bush has been the most far left president we've EVER had...Conservatives are supposed to CONSERVE not run the defecit up to over 10 trillionIf anyone know's leftists, it's Hugo Chavez..."Bush is to the left of me now," Chavez told an audience of international intellectuals debating the benefits of socialism. "Comrade Bush announced he will buy shares in private banks." Soooo much government intervension.

crazypokermike (December 31, 1969 at 6:59 pm)

why, so the leaders have an excuse to put in martial law? no... not a good idea. Think of something more productive... unfortunately I don't know what, other then to become a paranoid retard with a foil hat living in a homemade underground bomb shelter with a 10 year supply of food.

MancAlter (December 31, 1969 at 6:59 pm)

Dow Jones could fall to 5000 points sooner or later. Inflation could come to an end. Goods, equity, gold, etc. has been greatly overvalued. It is time for prices of materials to fall back to an equilibrium state. Nothing much can be done by governments around the world especially the G8 countries. Bailout is unwilling but deemed necessary by spending government money (taxpayers $).

MancAlter (December 31, 1969 at 6:59 pm)

There has been too much money in the global financial markets. Central Banks overprinted money. Money itself has become less valued. The recent severe stock market crashes around the world has vapored up so much money. US dollar depreciates. If we look at foreign exchange carefully, not only US dollar sinks, but currencies elsewhere around the world are depreciating. For example, when Aussie central bank cut rates recently, Aussie dollar depreciates against US dollar immediately.

wolffl60 (December 31, 1969 at 6:59 pm)

James you are spot on on that post.!People will never believe it until it is so eveident they cannot escape

genyav (December 31, 1969 at 6:59 pm)

A major difference between the Great Depression and the current financial crisis is Inflation/Deflation. The great depression was caused because the Fed was tightening the credit market during a time of deflation. Right now, we have an over expanded credit market and inflation (not deflation). I think we have a better chance of a hyperinflation environment than a Great Depression environment. During the Depression, our currency was too strong.