[frookenhauer]

I would. I'd be very surprised. 600 points is too much of the overall market percentage.

[Yellow]

Rorschach, on Mar 10 2009, 07:07 PM, said:

There aren't unlimited pots of money!!!

Course there are. Just make more ten pound notes!

[Cold Iron]

Yellow, on Mar 11 2009, 06:27 PM, said:

Rorschach, on Mar 10 2009, 07:07 PM, said:

There aren't unlimited pots of money!!!

Course there are. Just make more ten pound notes!

Only when the last tree has been chopped down... will we realise we need paper to make money

[Morgoth]

Cold Iron, on Mar 11 2009, 11:37 AM, said:

Yellow, on Mar 11 2009, 06:27 PM, said:

Rorschach, on Mar 10 2009, 07:07 PM, said:

There aren't unlimited pots of money!!!

Course there are. Just make more ten pound notes!

Only when the last tree has been chopped down... will we realise we need paper to make money

arent they primarily made of cotton or something similar?

[beru]

i think so... ive been told after replying that you need paiper to make money and paiper comes from trees (so mony grows on trees, if they are made of paiper, wich they are not)


im bad with words now

[Cold Iron]

Ours are actually a polypropylene polymer, I just wanted to be poetic.

[Aptorian]

Morgoth, on Mar 11 2009, 01:07 PM, said:

Cold Iron, on Mar 11 2009, 11:37 AM, said:

Yellow, on Mar 11 2009, 06:27 PM, said:

Rorschach, on Mar 10 2009, 07:07 PM, said:

There aren't unlimited pots of money!!!

Course there are. Just make more ten pound notes!

Only when the last tree has been chopped down... will we realise we need paper to make money

arent they primarily made of cotton or something similar?

99% cocain I think...

[frookenhauer]

Okay this went south rather rapidly as soon as Aptorian had a look see!

Where's the Nicodoom-mongerer gone?

Haha! the sky is still not falling on our heads!

[Cold Iron]

Yeah, another good day on the US exchanges. Maybe all those fresh squids swam across the atlantic

[HoosierDaddy]

2 days of 200+ point gains, but he doesn't know because he's been in the bomb shelter. I still think it is illusory, but that's just my opinion and I'll admit to having NO financial education or savvy.

[frookenhauer]

We can't say for 100% certain that the worst is over, but my good buddy Warren is shopping at home (USA), and if true, the Sage (with his army of think tanks) of Omaha might be reckoning that we have pretty much fallen as far as we can. He's got a purse of 25 Billion Dollars to play with! Personally, I don't understand why there isn't a statue of the good fella holding the dollar in one hand and the USA on the other in a manly pose in numerous places across the country.

[Nicodimas]

During the great depresssion the crash looked like a stair case. For every 80 days of Down there were 28 days of it going up. It will just go up to 8k to go to 5.5k.

Basically this is false hope. Nothing has changed yet..


<LA county could have 20% unemployment for instance>

This post has been edited by Nicodimas: 13 March 2009 - 12:50 AM

[frookenhauer]

Ah! Nicodoomus! you're back . Can't wait till the market properly recovers...I'm so going to love saying...I told you so!

Look, there are plenty of positive things to look at:

the people with money (real money) are using it to buy companies and greasing the wheels of the cart and powering it away from the chaos that once beckoned.

We got The sage on one hand and our good buddies at roche snapped up genetech and there have been plenty of other sales...

At some point you are going to have to admit, confidence is growing and things are bad, but we can overcome this.

[Nicodimas]

Frooken-When it happens it will be quick. So very quick that in one week everything will change. I am saying there is a CATACLYSMIC crash potential looming out there like never before...
http://news.yahoo.com/s/realclearpolitics/...sm_and_bear_rai

^Exactly what marketticker has been complaining about the last year. Is it to late now?

Hopefully your right. But what if your not what have you done to prepare as there is still time.

This post has been edited by Nicodimas: 13 March 2009 - 03:03 AM

[HoosierDaddy]

Nicodimas, on Mar 12 2009, 11:00 PM, said:

Frooken-When it happens it will be quick. So very quick that in one week everything will change. I am saying there is a CATACLYSMIC crash potential looming out there like never before...
http://news.yahoo.com/s/realclearpolitics/...sm_and_bear_rai

Hopefully your right. But what if your not what have you done to prepare as there is still time.

Tell me, Nic. What can I do to prepare? I have no control over what happens on Wall Street if things are as bleak as you paint them. I have no control over the white house or congress. I don't really have any money in banks, and I'm only getting part-time work. What should I do?

[Cold Iron]

I for one am exercising, when the mob comes, I'm going to have to carry the plasma

[HoosierDaddy]

Actually Nic, you don't have to answer that last question. I'm pretty poor, so I'm gonna demand my pound of flesh with the rest of the mob.

Viva la revolution!

[Nicodimas]

Thats a great question. How do you prepare <without the misses thinking you lost it haha>?

It's really up to you and make yourself feel comfortable as there is balance to everything.
This is not a decision based on fear, but practicality. Look throughout history at people caught unaware make sure you understand why you are preping.
This is likely not coming to pass. Don't be dissapointed mad max world would blow. Like insurance you prepare because the unknown is possible. Spend equal to what you spend on insurance.

Find like minded people and work on forming a community. You can't do it alone, because if a crash happens in our current society expect it to be ugly. <This doesn't cost anything
Read up on what others are doing< This doesn't cost anything ---http://www.survivalistboards.com/index.php
Look at what you got and analyze if you could get everything for a month what would/could I need. This is a great starting point. <costly
Find a Skill outside of your own job that would be usable something you enjoy as a hobby (Emt-Paramedic someday /Blacksmith) <Expensive

Excercise! Pay off Debt and never keep debt.

All preps must have long term uses as in you are going to actually keep around if nothing happens. Make it fun or there is really no point.

This post has been edited by Nicodimas: 13 March 2009 - 03:28 AM

[Cold Iron]

Paying off debt is probably not one of the things i would include. If crash is iminent why throw the money away?

[Skywalker]

The thing with debt is though, the longer you keep it around, the more you pay. So it would be prudent to not just pay the minimum due but at least start to pay it down. Not if there are realistic threats to your employment status though.

Generally a good idea to you have about six months worth living expenses on hand as cash.