Remember a long, long long time ago, in ancient days when Bill Clinton was President???

I know it's hard to recall but TRY.

Remember how well many of us were doing then? Remember when many of us thought we had a FUTURE?

Well if you think really really hard you'll realize that waaaaay back then DOW 10,000 was just a DREAM.

And what do you know? We were doing well! Some of us were doing great!

And DOW was nowhere near 10,000!

This modern DOW number is simply reflective of inflated hysterics. It's all perception, it's all panic.

If DOW is 8,000 or 9,000 we'll do fine. We were doing fine at those numbers.

If we've been lied to all this time, if the Federal Reserve is printing monopoly money at breakneck speed that is absolutely fiat and WORTHLESS - why are you so concerned at how the DOW is valued?

Worry about whether these companies are actually what they say they are at their core - their ethics, their real balance sheets, their hard assets, their cash flow, etc. - not their perceived stock price.

This is so manufactured. It's BS.

yep people voted for it in 2004.

side- Matrix i LOVE your avi.

Oh so snark.

And what happens to all their employees? What? Find another job? Is that even possible anymore? Like it or not, these companies that are going to implode employ those middle class workers. Not everyone who works in an office is a millionare.

It's why we should resist a cashless society. They're already trying to get rid of the penny. Love or hate it, if we eradicate it, we'll be taking the first step down that bad road.

re: the rice and bean comment

Hey, we've been living in the Herbert Hoover world since Bush took office. Where have you been living?

I can't wait for this stuff to finally tank. I can't wait for all the people who've been driving around in fancy cars they couldn't possibly afford on their REAL salaries to get a taste of reality.

When everyone starts living within their means, spending and saving according to their ACTUAL salaries guess what will have to happen?


PRICES WILL GO DOWN.

"God, kill my neighbors donkey."

I tell you, the Russian, actually Ukrainian, family that lives behind us, knows how to do it. They bought a back lot in unincorporated county, so they have about 4 or 5 city lots. They bought the big lot from the previous residents, also Russian, who kept lots of chickens, and 2 or 3 head of cattle. The cattle are gone, but the chickens stay. They've a garden that must be half an acre. 10 children in the family, about 6 living in the house. The males all know welding. They buy old cars, frames bent and rehab them, sort of.

But the most impressive thing is that every day, the babushka is out hoe-ing the garden. I have a feeling they will do just fine. The rest of us, have sort of forgotten that period. I've had gardens, but more for food than sustenance. My daughter is keeping chickens and bees now, while she goes to grad school. My mother in law has made it clear that when she comes to live with us, she's bringing her dogs and chickens. So I guess chickens are in my future also, soo

So we have to go back to an agricultural society?

Are you out of your mind? Is that not a bad thing?

Exactly. It's a matter of doing it RIGHT, and helping people who actually NEED help, not just kissing the pampered butts of the already wealthy.

I don't know if we have to go back to raising food. Not long term, I expect, but maybe on the "bounce". There were victory gardens in WW2, and that wasn't even a depression. A depression is possible. If food is bought on credit and there is no credit, well then ... Or if distribution happens on credit and there is no credit ... What I'm saying is that it doesn't take much to trigger looting and hoarding. I'd be surprised if many people weren't already stocking up survival stores. My in laws are from poor, post Depression families (from South Carolina and Japan) and they never stopped.

I don't think we all want to depend on our 1/5 acre surburban lots for sustenance; we wouldn't live long. It's not a good thing, no, but it might happen anyhow.

'Cause that strategy worked so well in the 30's

The victory gardens were in response to the fact that the US was feeding the Allied Powers. We did victory gardens because the country was feeding the war, not because we could barely feed ourselves.

That's a terrible analogy.

I hate to disagree...


http://www.rutherford-gardens.com/war-gardens-home.html


and to be honest some folks in the warmer climates do grow their own food...

http://www.myspace.com/pathtofreedom

Sorry, I just take sadistic glee in calling people's bullshit.


http://en.wikipedia.org/wiki/Victory_garden