WOW!! World Stock Futures are being HAMMERED!!

This is total crapt, didn't they see that we increased our debt burden, borrowing, and spending our way into prosperity?

REAL money in the know (a-political as possible) all know this was a show by the established BOTH SIDES to make economic terrorists out of the rabble-rousing tea party. They could get power away from DC TPTB and give it back to the public. Knit-wit Biden let it slip openly when each person was supposed to come that conclusion on their own.

It was all a show because of 2010 elections. They have to demonize the tea party before the 2012 elections. All politics, all the time.

Now if we could just get a Carrington event, or say something on the magnitude of an X50+ from one of the squarely directed sunspots in the next day or so, we could get some real doom going on!

Imagine a level playing field where TPTB's systems are fried and once again muskets become real weapons to use against tyranny.

Yes, I'm a dreamer, but I'm not the only one.

the futures are off 12 points no doom next topic

No joke... DJIA is down -6 right now...lol

Yup.

I remember a post on Mish Shedlock's web page [link to globaleconomicanalysis.blogspot.com] . Discussing the two waves of the Real Estate Fraud Waves-- The Sub-Prime wave, and the Jumbo/ALT-A/Adjustable Rate and New Commercial Real Estate developments doomed for failure, but sold as AAA+ MBS's, and other packages. IIRC, it was the credit suisse chart: [link to 3.bp.blogspot.com]

Look at the time lines. BOOM! There we are.

One arrow pointed to the Sub-prime wave, and said, "We can survive this." The other arrow, pointing to the "Prime" Shitpile said, "We won't survive this."

Shedlock was right!

This was all pretty-much written in stone long ago. None of us really starting to claw back up until at least 2015. The Credit Suisse chart was posted back in 2007 or 2008, IIRC. Prescient!

Last Edited by Monkeyfister on 08/02/2011 11:17 PM

Let's check back on this at 9:30am EDT.

It's 11:26 EDT, and Dow's down 7 points, but the Asian Markets are plummeting, and Europe is already in the red.

A wave appears to be forming.