Does Anybody Know When This Insanity Will End??

Xfahctor, I hate to say this, but my prediction for the dow isn't pretty. I don't see a bottom until we reach 3 digits. That's 999 or lower. I hope to God I am wrong but it really feels like the investors of this country are taking their money while they still can and putting it where the socialistic government we have right now can't affect it as much, gold maybe.

Oh no doubt, gold is white hot and the more the dollar drops in value, the more gold will climb. A lot of commoners though are investing in consumables like, well, extra food to keep handy. I would love to own some gold, in the next year, it will be the only type of exchange worth anything. Problem is, if no one has any money to buy it, it's just a pretty chunk of metal. We also face the possibility of the government pulling what FDR did back in the day and confiscating gold. I would say the best investment anyone could make right now would be stored dried and canned goods, seeds and perhaps livestock. I'm already picking up extra stuff when I shop, gotta get it while I can still afford it, once inflation hits, and it will, food is going to skyrocket.

From this point on the value of the dollar will increase. Some prices are coming down and others will follow. I don't care what anyone else tell you the true value of our dollar is determines by how much you and I can bring home when we spend our dollars. The price of gasoline dropping proves this. When the price of gasoline dropped from $4 a gallon to $2 a gallon the value of the dollar you spent for gasoline doubled. The price of housing has dropped and will drop more. Many other things will also drop the more we get into this big mess. People are being forced to drop their prices in order to make enough sales to stay in business. This trend is going to get a lot worse before it even thinks about getting better. I agree with you on the stock market. On 10-05-08 the Dow was 10,322 and right now it is 6,853. It has been a steady decline and it is not going to stop. It has lost almost 4,000 points since last October which is only 5 months. I look for the rate of loss to increase any time but even at this rate it would be below 1,000 in about 7 months. If Obama doesn't stop getting on National TV every few days it isn't going to take 7 months. As far as I am concerned it could completely die and never come back. The country would be better off. Art

Arkie, What really scares the ever-lovin' he11 out of me is not knowing just how far this will go. Do you think we ought to learn Chinese just in case they end up owning the whole country?

Hi Rodney, It scares me too. I was thinking along these lines the other day. All that has kept China at bay is the fact they didn't have the money for much of a war. This isn't the case now. For many years China has had the manpower to invade any country and win but they didn't have the tools and the money. Now they have both thanks to the US and a few other countries. By importing so much of China's cheap junk we have made them rich. If we are not real lucky China will find a reason to turn on us and use our own money to beat us. We don't have near enough troops, US Military and State National Gard combined, to stop an invasion from China. They can simply put more men on our shores than we can kill without killing a lot of Americans with them. A good old fashioned world war may be just the ticket to get us out of the depression and our government and the big money people outside the government are just stupid enough to start one. That's what got us out of the last one in the 30's and 40's. Obama is just the man to push for one. Art

Redyellowblackdog, I totally agree that the law of supply and demand can't and never will be repealed and that is truely why a socialistic economy will never work. The sad truth is that Washington has been living in a sea of red ink for so long it is considered the norm instead of an absurdity which it is. The American people have let these "leaders" get away with this for far too long. I have asked this question many times but I really know the answer. The question? Here it is: Why is it people who run for an office that pays less than they could make in any given year as a lawyer and then spend 10, 20,30 even 100 times as much as they will make the whole time in office just to get elected? Why? Because there is tons more money to be made under the table, from the very top on down! Believe me, Monica hasn't been the only one under the table in Washington! (LOL)

I completely agree as to the corruption of most of our politicians. The media shares blame, too. Congressman Ron Paul (one of only a few honest good politicians) was all but laughed at by the media for his sensible and accurate analysis of the problems facing the nation.

Of course not. It will be the taxpayers for the next several generations who will be paying for the things that the 0bamunist and his comrades in the socialist democrat party are doing.

Xfahctor, I agree, talk about your proverbial "rolling over in their graves", our founding fathers are having a gymnastics meet in theirs!

yep, basicly. In more complex terms, we continued the trend of electing the same corrupt bodies back in to every office in federal government. How do we continually elect the same twp parties in for tha last century and call it "change"?