Posted on 08/21/2015 12:21:18 PM PDT by amessenger4god
Dow down over 430 points as of about 2:20 PM CST.
Central banks have no more options. Debt levels are completely unprecedented around the world. These debts will never be paid back by human effort.
Watchers have been saying that we might witness a big crash around this time for 5, 6, 7 years now. Are you listening? Are you awake?
Is your treasure in Heaven or on earth?
Pray.
MARANATHA!
Update: Yesterday's plunge of the DJI was the biggest point-drop in almost four years. Today's is even larger.
Dude, maybe you’re uninformed... the whole world is on a precipice, and it won’t take much for it to teeter on over the edge. What this man is referring to is something the Bible describes as a one world system, where there will be a one world monetary system, religion and government... when that happens no one will be able to buy or sell unless they pledge allegiance to that system by taking the mark of the beast... whether or not NOW is the beginning of that time, no one (of us) knows. But we are encouraged to put our trust in Jesus Christ and to definitely not take the mark of the beast.
How could you talk about our dear leader that way?
Is it because he is black. BIGOT! /s/
Just be careful about deducting large sums.
There are laws against it. I know, it's insane, but it is called Structuring, and if the Feds want to nail you for it in any way, they can, and they will.
"But the Bank Secrecy Act also requires banks to report to the federal government any activity from customers that might be construed as structuring deposits to avoid the reporting requirement. So if you have $100,000 to deposit in your bank account, and you deliberately choose to deposit that money in increments of $9,999 so your bank won’t automatically notify the federal government, you’re guilty of structuring. It’s a felony punishable by a fine and/or up to five years in prison."
That's how they nailed former Speaker of the House Denny Hastert, and many other people.
Yes, it is tyranny - but welcome to ObamaLand.
And yes, you did nothing wrong. You did fail to report anything. You weren't trying to get around anything.
If the Feds decided to go after you, none of that matters.
“So this makes it down 1800 points from the peak?”
“Overall, the Dow is now down more than 1300 points from the peak of the market.”
Yes, you are right, the 1300 was as of yesterday when he wrote that column, so add another 500 points down as the market didn’t pick up points when it started today, and that’s 1800. Unless some professional sock market guy on here corrects me, that’s the way I think it is. :o)
I think it was the stockholders that jumped.
I wasn’t around TV to watch. Now I don’t know what to do!
VIX volatility index.
Damn iPad.
I suggest you wait for the full 68% retracement an then panic out.
I’m short the S&P and China so if anything I hope we see it.
I'm not predicting it because I'm no expert. It just cracks me up that anybody who's made money since 2009 wouldn't at least put a hedge on.
Stocks are on sale. Time to buy.
[Jim] Cramer: We need leadership now
Reem Nasr | @reemanasr
http://www.cnbc.com/2015/08/21/cramer-we-need-leadership-now.html
[snip] “I don’t hear anything from [Fed chair Janet] Yellen about how it’s not the time to raise rates... If she came out today and said everything is on hold until we get this China situation [sorted out], you would see a rally.” [/snip]
Chinese market mirroring 1929 crash: Analyst
Matt Clinch | @mattclinch81
http://www.cnbc.com/2015/08/21/china-market-mirroring-1929-crash-analyst.html
Forget emails, the markets could doom Hillary
Jake Novak | @jakejakeny
Thursday, 20 Aug 2015 | 1:31 PM ET
http://www.cnbc.com/2015/08/20/slumping-stocks-another-blow-to-hillary.html
I think we may see the Federal Reserve immediately put a halt to any move to raise interest rates 25 basis points—possibly until middle 2016. A crashing stock market plus raising interest rates now would be akin to what happened when the Smoot-Hawley Tariff was passed just after the 1929 stock market crash.
> For the historical record, no one has even found an example of even one banker/stockbroker who “jumped” in the Great Crash of 1929.
They can only write ghost checks for so long before the pied piper comes callin’. I think it’s going to be a domino effect of epic proportions. I don’t even think Peter has anything left to rob to pay Paul anymore. I think the Great Depression will pale in comparison onece it gets going. The Muslim in the WH will be celebrating as the world falls until he realizes all of his billions will be worthless too.
Guess we’ll see. Course, I’ve been hearing since 1970 that “We can’t take this kind of debt any more.”
Had to Google that one.
The president of Union Cigar and the president of New York County Trust both committed suicide. Winston Churchill witnessed an invenstor jump from the 15th floor of the hotel he was staying in.
Not widespread, but more than one. *shrugs*
Investor. Not banker or stockbroker. Union Cigar guy committed suicide, but I don’t think he jumped. See Amity Shlaes book, “The Forgotten Man.”
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