Over 75 years ago Wall Street Crashed; but today the New Crash is already underway...

Discussion in 'Chit Chat' started by SouthAmerica, Feb 7, 2008.

  1. August 18, 2012

    SouthAmerica:

    In a nutshell: The US government has told companies such "Goldman Sachs the Pillage People", and also to members of their network of thieves such as Jon Corzine that it's O.K. to steal and plunder all the assets of their customers since the US government will look the other way and nothing will happen to these crooks.

    It's open season in Wall Street and only idiots will continue doing business with scoundrels such as "Goldman Sachs the Pillage People" and their network of thieves.

    If you continue doing business with companies such as "Goldman Sachs the Pillage People" and they plunder all the assets on your account - all we can say is: you deserve to lose all your assets because you are a stupid "Jackass".

    I wonder what would take for people to realize that when they are dealing with a company such as "Goldman Sachs the Pillage People"?...it's no different than doing business with "Bernie Madoff"...

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    #201     Aug 18, 2012
  2. no crash but there's a volume crash.
     
    #202     Aug 18, 2012
  3. RedDuke

    RedDuke


    Hello,

    You sound very surprised. But why? It has always been like this from down of times. Those who have the power (money) make the rules and take advantage of majority of population.

    At least, now days, the majority of those who live in developed world enjoy good quality of life.

    Regards
     
    #203     Aug 18, 2012
  4. August 18, 2012

    SouthAmerica: Reply to RedDuke

    You have missed the point completely.

    You said: “At least, now days, the majority of those who live in developed world enjoy good quality of life.”

    Tell that to the very large unemployed population in European countries, and also in the United States – what they have in common is a collapsing economic and financial system.

    The United States has about 50 million people on “foodstamps” that hardly qualifies as good quality of life – and their collapsing economic and financial system it is nothing to write home about it.

    There's a big difference between a capitalist system where capitalists invest money in the economy to create jobs, businesses, and economic activity that can be beneficial for all of society – and the current financial/scam system where parasites such as “Goldman Sachs the Pillage People” main purpose is to plunder and steal everything in sight and the activities of such companies works more like a malignant cancer that kills everything that they touch. You can read about it right on the following thread:


    Goldman Sachs is it a Cancer or just a Parasite of the US financial system?
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=195957

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    #204     Aug 19, 2012
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    #205     Aug 19, 2012
  6. August 19, 2012

    SouthAmerica: Let me clarify something to the readers of this thread as follows:

    When I posted this information here on ET forum I did not include the footnote that I had on my book showing the source of the information.

    … Here is why the coming depression is a sure bet. I like to quote some information from one of my published books as follows:

    (Quoting from pg. 21)

    "Unrealistic Expectations

    There is much evidence that human expectations tend to be linear. Most of the time, most people expect current conditions to continue for the indefinite future. It is almost an unnatural act for a man to leave home with an umbrella on a sunny day. Call it optimism, faith in the future, or just reluctance to see the party end, there is a presumption that the environment is stable. This is why cities are built on floodplains and fault lines. A similar presumption makes the gambler double his bet or the farmer plant additional crops on reclaimed land the year after a good harvest.

    Whenever prosperity exists, it is natural for people to expect prosperity to continue. For this reason, much of the history of human society is a record of astonishment. Time and again, people have marginalized their affairs, rendering themselves increasingly crisis-prone.

    They have gone into debt, extending claims on resources to an extreme that could be supported only if current conditions were sustained uninterrupted into the future. Time and again these hopes have been disappointed. Whenever prosperity has seemed permanent, some apparently minute change could produce astonishingly large nonlinear shifts in the organization of human society. The failure to recognize or anticipate these nonlinear transformations has been a common characteristic of almost all societies.

    …When the dynamic and nonlinear world adjusts itself to the linear thinking used daily by governments and other institutions such as corporations, banks, insurance companies, the church, and so on, the result can be sometimes catastrophic and can translate into unemployment, inflation, monetary devaluations, market crashes, world wars, civil wars, depressions, and even chaos.

    …Change is a fact of life, yet many people don't want to think about it because they feel threatened by it. So when change comes, it takes them by surprise. By then they can only react to it, and unless they're lucky, they suffer losses."


    *****


    August 19, 2012

    SouthAmerica: I had bought in 1990 a copy of “Trend Tracking” by Gerald Celente (Warner Books 1990) – the book was very good and a portion of the book stayed on my mind.

    When I was writing my book “José Bonifácio de Andrada e Silva - The Greatest Man in Brazilian History” By: Ricardo C. Amaral (Published in May 2000) I quoted and used some of the information from Gerald Celente's book “Trend Traking” I also gave credit of it on the footnotes of my book.

    If I remember correctly from memory the above quote “Unrealistic Expectations” the first 3 paragraphs I quoted from Gerald Celente's book, and the last 2 paragraphs was my writing complementing the same idea - the last 2 paragraphs reflects my writing style and it feels like I wrote it. (I don't have a copy of Gerald Celente's book anymore, and I can't check it).

    That is all that I have quoted on my articles and books about Gerald Celente's books – but the above piece “Unrealistic Expectations” it shows a great insight by Gerald Celente of how the real world works.

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    #207     Aug 19, 2012
  7. eurojack

    eurojack

    Seriously guy, you've been trolling about the same thing for over 4 years now and nothing has happened. Where do you find the energy to keep posting?
     
    #208     Aug 19, 2012
  8. He's not just some silly troll, he's on the CIA watch list
     
    #209     Aug 19, 2012
  9. August 19, 2012

    SouthAmerica: Reply to eurojack

    Eurojack, you seems to be clueless, I wonder in which planet you live in?

    First read my article that I wrote in November 2004 and I finally submitted it for publication in January 2005, and the article was published by Brazzil magazine in February 2005.

    Brazzil magazine - February 13, 2005

    It’s 2008. The U.S. Has Dragged the World into a Depression.
    By Ricardo C. Amaral
    http://thenewgreatdepressionisunderway.blogspot.com/2012/01/published-on-february-13-2005-on.html

    ...Panic among the major holders of US dollar also contributed to the stampede like we had never seen before - and at the end, Chernobyl looked like nothing when compared with the final meltdown of the US dollar, and US economy during the summer of 2008.


    *****


    Second, you don't have a clue how a "Great Depression" works - people with your mindset expect to open a newspaper some day and see in big letters "The New Great Depression Has started today at 8 AM..."

    Wake up, the "The First Great Depression of the New Millennium" has been underway and has been spinning out of control for a few years, resulting in an imploding world economy and financial markets - The Federal Reserve and European Central Bank have been playing all kinds of game to keep the financial system artificially alive and from going over the cliff, but we are getting there anyway...

    What do you think triggered and is at the core of all this current mess in the Middle East?

    How about the implosion of the economy and financial system of various countries around Euroland?

    A Great Depression is a massive train wreck that happens in slow motion, and we can see it happenning today all over the place - the world economic and financial implosion has been underway, and Central Banks are hiding massive amounts of toxic assets (in the trillions of US dollars) that there's no way out other than write them off and take the pain.

    The pain is called: A Great Depression" and it is underway...


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    #210     Aug 19, 2012