Panic Grips Wall Street, Dow Plunges 500 Points - The Firearms Forum

cycloneman · 08-04-2011, 08:05 PM

http://www.dailyfinance.com/2011/08/...1_lnk3%7C83593

Nancy P on is on the offensive saying they the dems need to get on with job creation. I sure do hope the banks dont help them. I personally dont see it happening. I know we have all been on a tuff road for the last 3 years but look at it like this, struggle for one more year and then we might get some relief. What i mean by that is investors and coporations might hire people if they feel like someone is on their side. It will be better if someone produces. I honestly think 4 more years of this clown will put us away for good.

And look i dont think we are ever going to get out of this. But what i am hoping for is relief to help people get their house in order for what will surly come. I dont see any way out of this. The provider class is out numbered, that is fact. If you do get some relief next go around put away what you can, one day your money will be worth nothing.

Look into precious metals like brass, lead, and copper as well as grain.

rentalguy1 · 08-04-2011, 08:25 PM

I'm expecting a 1000 point drop in the DOW tomorrow. Picked a bad time to really start teaching investing to my kid. He lost $140 today...

Marlin T · 08-04-2011, 08:35 PM

Huge debt, Italy slipping, More Huge Debt, AA+ credit rating on its way

Pretty much of a no brainer to me at least.

Double D · 08-05-2011, 07:52 AM

Quote:

Originally Posted by cycloneman

http://www.dailyfinance.com/2011/08/...1_lnk3%7C83593

Nancy P on is on the offensive saying they the dems need to get on with job creation. I sure do hope the banks dont help them. I personally dont see it happening. I know we have all been on a tuff road for the last 3 years but look at it like this, struggle for one more year and then we might get some relief. What i mean by that is investors and coporations might hire people if they feel like someone is on their side. It will be better if someone produces. I honestly think 4 more years of this clown will put us away for good.

And look i dont think we are ever going to get out of this. But what i am hoping for is relief to help people get their house in order for what will surly come. I dont see any way out of this. The provider class is out numbered, that is fact. If you do get some relief next go around put away what you can, one day your money will be worth nothing.

Look into precious metals like brass, lead, and copper as well as grain.

Job creation? Really? These idiots wouldnt have a clue how to create a job outside of a government funded one. Worry not my friend. And, as you have stated, 4 more yrs will put us away. Just make sure you and yours do the right thing. Get everyone you can to go vote. Vote for whatever conservative has a chance. He MUST go.

Willie · 08-05-2011, 09:07 AM

Quote:

Originally Posted by rentalguy1

I'm expecting a 1000 point drop in the DOW tomorrow. Picked a bad time to really start teaching investing to my kid. He lost $140 today...

1000 points would shake things up. watch gold real close now.

Marlin T · 08-05-2011, 04:45 PM

30 day gold chart from today.

The Duke · 08-05-2011, 04:53 PM

Yep...and the big 0 has a plush party at the white house for his Hollywood pinko friends..Wonder what that is going to cost us while he rakes in $77,000 per couple for his re-election..

jack404 · 08-05-2011, 07:24 PM

ok all of this is going down after you announced your budget was "fixed" so why the panic has anyone explained to the US population why ?

i'll explain the european panic to you

the loans you borrowed have such a high rate of interests that no-one on the planet thinks you could repay it , let alone any of the previous loan repayments as well

Marlin T · 08-05-2011, 07:33 PM

Our credit rating is in serious jeopardy. Moodies is right now looking at downgrading us from AAA to AA+

Has anybody explained this to the general populace? Sure, it is those Tea Party Terrorist again. Thats about all you will get out of the main stream media.

Speaking of that, there is a group of folks in China that are taking up the Tea Party platform; LESS SPENDING. It sounds like China might not be doing all that well either.

rentalguy1 · 08-05-2011, 10:02 PM

well, we didn't lose 1000 points today, but I'm guessing Monday will be ugly...

redwing carson · 08-05-2011, 11:07 PM

Stocks are at a low price. I am buying in.

08-04-2011, 08:05 PM	#1
cycloneman Advanced Senior Member Join Date: Dec 2008 Location: Louisiana Posts: 7,404	Panic Grips Wall Street, Dow Plunges 500 Points http://www.dailyfinance.com/2011/08/...1_lnk3%7C83593 Nancy P on is on the offensive saying they the dems need to get on with job creation. I sure do hope the banks dont help them. I personally dont see it happening. I know we have all been on a tuff road for the last 3 years but look at it like this, struggle for one more year and then we might get some relief. What i mean by that is investors and coporations might hire people if they feel like someone is on their side. It will be better if someone produces. I honestly think 4 more years of this clown will put us away for good. And look i dont think we are ever going to get out of this. But what i am hoping for is relief to help people get their house in order for what will surly come. I dont see any way out of this. The provider class is out numbered, that is fact. If you do get some relief next go around put away what you can, one day your money will be worth nothing. Look into precious metals like brass, lead, and copper as well as grain. __________________ Who are you going to serve today? --> Last edited by cycloneman; 08-04-2011 at 08:07 PM..

08-04-2011, 08:25 PM	#2
rentalguy1 Former Guest Join Date: Oct 2009 Location: The mountains of NE TN. Posts: 884	Re: Panic Grips Wall Street, Dow Plunges 500 Points I'm expecting a 1000 point drop in the DOW tomorrow. Picked a bad time to really start teaching investing to my kid. He lost $140 today...

08-04-2011, 08:35 PM	#3
Marlin T Advanced Senior Member Join Date: Jul 2005 Location: New Mexico Posts: 7,857	Re: Panic Grips Wall Street, Dow Plunges 500 Points Huge debt, Italy slipping, More Huge Debt, AA+ credit rating on its way Pretty much of a no brainer to me at least. Attached Images __________________ "But the simple truth--born of experience--is that tyranny thrives best where government need not fear the wrath of an armed people." Judge Alex Kozinski - United States Court of Appeals for the Ninth Circuit It is the duty of the patriot to protect his country from its government. - Thomas Paine Did you read todays GOOD shooting? >>>KEEPANDBEARARMS.COM <<<

08-05-2011, 04:45 PM	#6
Marlin T Advanced Senior Member Join Date: Jul 2005 Location: New Mexico Posts: 7,857	Re: Panic Grips Wall Street, Dow Plunges 500 Points 30 day gold chart from today. Attached Images __________________ "But the simple truth--born of experience--is that tyranny thrives best where government need not fear the wrath of an armed people." Judge Alex Kozinski - United States Court of Appeals for the Ninth Circuit It is the duty of the patriot to protect his country from its government. - Thomas Paine Did you read todays GOOD shooting? >>>KEEPANDBEARARMS.COM <<<

08-05-2011, 04:53 PM	#7
The Duke Senior Member Join Date: Mar 2006 Location: NW Louisiana Posts: 813	Re: Panic Grips Wall Street, Dow Plunges 500 Points Yep...and the big 0 has a plush party at the white house for his Hollywood pinko friends..Wonder what that is going to cost us while he rakes in $77,000 per couple for his re-election..

08-05-2011, 07:24 PM	#8
jack404 Former Guest Join Date: Jan 2010 Location: Australia Contributor Posts: 17,622	Re: Panic Grips Wall Street, Dow Plunges 500 Points ok all of this is going down after you announced your budget was "fixed" so why the panic has anyone explained to the US population why ? i'll explain the european panic to you the loans you borrowed have such a high rate of interests that no-one on the planet thinks you could repay it , let alone any of the previous loan repayments as well

08-05-2011, 07:33 PM	#9
Marlin T Advanced Senior Member Join Date: Jul 2005 Location: New Mexico Posts: 7,857	Re: Panic Grips Wall Street, Dow Plunges 500 Points Our credit rating is in serious jeopardy. Moodies is right now looking at downgrading us from AAA to AA+ Has anybody explained this to the general populace? Sure, it is those Tea Party Terrorist again. Thats about all you will get out of the main stream media. Speaking of that, there is a group of folks in China that are taking up the Tea Party platform; LESS SPENDING. It sounds like China might not be doing all that well either. __________________ "But the simple truth--born of experience--is that tyranny thrives best where government need not fear the wrath of an armed people." Judge Alex Kozinski - United States Court of Appeals for the Ninth Circuit It is the duty of the patriot to protect his country from its government. - Thomas Paine Did you read todays GOOD shooting? >>>KEEPANDBEARARMS.COM <<<

08-05-2011, 10:02 PM	#10
rentalguy1 Former Guest Join Date: Oct 2009 Location: The mountains of NE TN. Posts: 884	Re: Panic Grips Wall Street, Dow Plunges 500 Points well, we didn't lose 1000 points today, but I'm guessing Monday will be ugly...

08-05-2011, 11:07 PM	#11
redwing carson Former Guest Join Date: Dec 2010 Location: western wyoming Posts: 734	Re: Panic Grips Wall Street, Dow Plunges 500 Points Stocks are at a low price. I am buying in.