Thread: Fears of US markets crash after worlwide crashes...

I would provide link but its all over the news, google, yahoo pick your choice...

who knows if it will happen tomorrow if it does it might just be trigger start to a sever recession...

Although we already are in a recession or the beggining of one things will get much worse, there are now record number of people defaulting on their credit cards, the housing market continues to go down etc.

And what will the fed and the government do. Well the government will give us a worthless stimulus package, worthless because they are either printing or borrowing that money either way we get more into debt or devalue the dollar more.

The Fed might slash interest rates even more than forecasted and continue devaluing the dollar..

Ironically Ron Paul has been saying this now for a number of years once again he was right...

So think of who you want in charge the candidate who actually wants to change the current monetary policy, or the rest of the field which I dotn think even understands our monetary policy...

edit: watch and learn: http://www.youtube.com/watch?v=Lr9cYMD-Xn8

The US crash would lead to the world crash!!!

Originally Posted by Bren4824

The US crash would lead to the world crash!!!

yes, it definitely might, the worlwide crash was in response to worries the US was going into recession...

Originally Posted by GOrwell

Originally Posted by Bren4824

The US crash would lead to the world crash!!!

yes, it definitely might, the worlwide crash was in response to worries the US was going into recession...

Especially, when a lot of these countries are only doing as well as they are due to the US importing a lot of their products!!!

European sell off continues today, wow, it might get really ugly today, imo, they might close the markets early...

It seems to me that the banks are relying on the Sovereign Wealth (oil) Funds now...Although these funds have been around since the 70's, with the price of oil at all time highs...the SWF's are now swimming in money. The #1 Sovereign Fund, Abhu Dabhi (sp) is now worth $1.3 TRILLION ! CitiGroup and Merrill Lynch just borrowed $19B ( a pittance) from 3 of the Wealth funds.

The worst case scenario, IMO, would be if oil went back down to $20/bbl, and the SWF's were not able to bail everyone out! We would then have to take money out of the Bond mkt. or stock mkt for bail-outs, and wouldn't that then cause a great depression? I'm not an economist, but it looks like the global economy is now relying on the price of oil to stay at current prices! Also, China, our banker, is growing way too fast - 12%, and they are going to have to slow down, which means higher prices everywhere!