he reason for the price collapse is that world trade and world production have collapsed. T

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he reason for the price collapse is that world trade an... - 10/22/2008 5:36:27 AM

pahunkboy

Posts: 33061
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quote:

he reason for the price collapse is that world trade and world production have collapsed.

before I tell you the source, lemme tell you I had a nasty confrontation with them at the post office in Palos Hts Il, in the 80s. So I am aware they are nutty.

Note the trajectory in the graph.

http://www.larouchepac.com/news/2008/10/20/larouche-dummies-dont-understand-it-not-crash.html

There is a vid on weekly update where he claims that the Bank of England is at war with American banks...and the India and China wont participate in a world currency.

Oh - I did read wikipedia on this man and he is about the most colorful person I had read there. :-)

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RE: he reason for the price collapse is that world trad... - 10/22/2008 6:22:59 AM

pahunkboy

Posts: 33061
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http://www.roguegovernment.com/news.php?id=12464 look here- over 30 powder in letters sent to banks across the county. So who is the culprit?

maybe it is someone who lost a house. or maybe it is a tax payer. gee that now makes 2 people who disagree with the 700bn latest of the weekly bail out.

Note that when they talk a bout 250bln they dont say if it is out of the 700, or much where it comes from. you cant log that world asset worth is 33x when it is only 1x. the wealth that they log is not wealth- it never was. it was the suppositon that all depositors would never with draw their funds. or a portion of said funds.

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RE: he reason for the price collapse is that world trad... - 10/22/2008 11:23:25 AM

popeye1250

Posts: 18104
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From: New Hampshire
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PaHunk my friend, this is what I like to hear, people talking like this, this kind of talk signals a "bottom" in the market.
Maybe not next week or next month but soon.
We just need to hear more people talking doomsday scenarios like this and "total capitulation".
I haven't seen so many bargains and opportunities in the market for a long time!
There are quite a few stocks that I think will do well over the next year.
When everyone is telling you not to buy that's the time to buy.
P.S. especially when it's a nutjob like Lyndon LaRoche!

< Message edited by popeye1250 -- 10/22/2008 11:32:03 AM >

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