Posted on 02/05/2008 3:34:18 AM PST by Man50D
Big difference in 2001/02 and part of 03 though is that the Dow’s PE ratio started at around 100 to 1 and the S&P’s PE Ratio was 80 to 1 and was just returning to normal range of 15-20. The S&P’s PE ratio right now is like 14-15x 2008 earnings which is below the 40 year average. If the Dow drops to 8k and the S&P follows suit, even if earnings stay flat, the PE ratio of the S&P would be very, very low by historical norms with dividend yields above US treasuries. That is why it’s not likely to happen.
The rest of you need to do more research and think things through more clearly, particularly those opposed to WorldNetDaily on visceral principles.
All economic arguments that portend a rosy future, particularly those of xpat_panama, Toddsterpatriot, TheBattman, jiggyboy, vet6780, napscoordinator and re22982, assume a constant economic playing field with well intentioned stock, bond and money market managers at the helm— which absolutely does not exist. The playing field is constantly being changed by a relative handful of people for their own gain
The Fed is The Federal Reserve, the absolutely private cartel of New York Banking families that own The Federal Reserve Bank of New York, which controls the Federal Reserve and our money supply pursuant to The Federal Reserve Act of 1913. Go to www.federalreserve.gov and read the Act — carefully. Independently of all the patriotic sounding structures whereby the president appoints the Fed Chairman with the advice and consent of the senate, the Chairman of the Fed is always the Chairman of the Board of Governors of The Federal Reserve, which Board must always, by statute, be a Board that has the president of the Federal Reserve Bank of New York as its Vice Chairman, etc., etc. Read the Statute. The Federal Reserve IS The Federal Reserve Bank of New York, and the Federal Reserve Notes that we use as money constitute debt that American people owe to the very private Federal Reserve Bank of New York and its very private owners. Woodrow Wilson was mightily persuaded to sign the Federal Reserve Act of December 1913, just prior to our entry into World War I, an act he later regretted in his memoirs.
Then go to cfr.org, the very public web site of the very private, membership by invitation only, Council On Foreign Relations, and learn that the CFR was founded in 1917 by the same banking families that then owned the Federal Reserve Bank of New York from and after 1913. David Rockefeller has been the Chairman, now Chairman Emeritus, of the CFR for over 50 years and founded the Tri Lateral Commission in 1973 as an executive arm of the CFR.
This is no conspiracy, people. The Federal Reserve families and the Council On Foreign Relations could not be more open about their One World Plans and their firm belief that nation state sovereignty is an outmoded concept that impedes our embracing a new World Order to be run by them. It is all there — just read it.
And while you are perusing, find and download Council Vice President Robert Pastor’s speech, “A North American Community Approach To Security”,” that he rushed to deliver to Richard Lugar’s Senate Foreign Relations Committee in June 2005, in response to Joseph Farah’s blowing the whistle in May 2005 on the otherwise not reported Bush signing, in March of 2005 in Waco Texas, of The Security and Prosperity Partnership for North America with Vincente Fox of Mexico and Paul Martin of Canada, as an “accord” without any Senatorial approval. Robert Pastor, in his speech to the Committee, cites and delivers “Report of an Independent Task Force Sponsored by the Council On Foreign Relations with the Canadian Council of Chief Executives and the Consejo Mexicano de Asuntos Internacionales” called “Building A North American Community,” published in May, 2005. “Building a North American Community” details all the specifics for the Establishment of a North American Union by 2010, complete with its new currency, The Amero, to be run by the same banking families that control the U.S. money supply.
Now if I had owned the Federal Reserve Bank of New York from and after 1913, and I had wanted to generate as much wealth as possible, I would have wanted the United States Treasury to print as many Federal Reserve Notes as possible to continually increase the Federal Reserve Note debt the United States would owe my bank — which now sits at about $4 Trillion. I would also well realize that printing all that currency out of thin air would incrementally and steadily reduce the value of the dollar as against other world currencies — so I would need a contingency plan, i.e. a new country, The North American Union, and a new currency, The Amero. That is exactly what is happening. It is not complicated: it is simplicity, itself.
The fact that the United States is now overburdened with real debt that it can hardly repay from all the money we have thrown at government, military armament and “do good’ world projects over the past 70 years, does not diminish the fact that the printing of all those Federal Reserve Notes was good for the families that own and owned the Federal Reserve Bank of New York, The Fed. So whatever actions the Fed is taking, whether rational or irrational, do not diminish the fact that more and more money is printed and the dollar is weakened further. Unless we regain control of our own money supply as a Nation we will soon not have a nation: we will be part of The North American Union.
The European Union was started some 50 years ago in exactly the same way by, basically, the same families and through trade agreement after trade agreement all the countries of Europe were knitted together until one day, a few years ago, the Euro was “agreed to “ and everybody awakened to discover they had lost their currencies and, with their currency, their national identity. The North American Union is extremely possible.
Where the Conspiracy comes in is in the fact that none of this is talked about in the U.S. Media — with one exception: Joseph Farah’s World Net Daily.
I await your thoughtful replies.
Read John Riverside’s post 42 in reply to Man50D’s excellent summary of Jerome Corsi’s Article on The Fed lowering the Dow to 8000.
I await your thoughtful post.
?????The fed is not owned by a cartel of Banking families, it is owned by all the member banks.
It is the federal reserve board who controls the money supply, not the cartel of families.
Jerome “Pay attention to me” Corsi needs his fix to get his name in the news.
LOL, OK, I get it. For a minute I thought this was serious.
While lots of other Freepers will criticize your wholly faniful history of the Federal Reserve, I will merely welcome you to FreeRepublic.
Our foil seams are tight. We are ready for WND.
Tin foil nonsense.
I would thrill to anyone’s explanation as to why the President of the Federal Reserve Bank of New York must, by the Act, be Vice Chairman of the Federal Reserve Board
Because that was how the Act was written.
OMG my post #27 here gets me compared to toddsterpatriot
What was rosy about what I posted?
The link for the article just gives me a WND search engine.
Do you have a link for the rest of the article?
Author “”The Fed wants to drive the DJIA toward the 8,000 level, or below, in order to help create a deep recession which will have the effect of slowing consumption across the board, and dampening the otherwise harmful effects of inflation.”
Toddster” Because a deep recession is less harmful than inflation? Idiot!”
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