Korean Job Discussion Forums

[Rteacher]

The Dow dipped below 9800 shortly after the opening bell today with all the big names hitting new lows as the global credit/financial crisis was perceived to be worsening.

Reportedly, even GE couldn't get enough money from the banking system and had to approach Warren Buffet to cover operating costs...

The fourth quarter figures to be worse - according to CNBC's experts (and they're indirectly employed by GE ...)

Switching over to CNN, I was watching a live interview with some jerk who has written a glowing biography of Sarah Palin as the future of American politics when the anchor abruptly cut it short, noting that Palin failed to mention even a single word about the dire straights of the economy in her speeches today - and broke away to the Wall St. story.

[bacasper]

[mises]

[arjuna]

BILL HICKS on War & Freedom
http://www.youtube.com/watch?v=QkZQ2Fx1j9E


AMERICA IS TYRANNY - George Carlin
http://www.youtube.com/watch?v=oI5EY5kqiBU


They were right, mostly, as far as they went.
Despite appearances (as you currently see them),
the reality they describe is now coming to an end.
Wake up, stop diddling, discard your cynicism,
and enough already with your pitiable arrogance.
Stand up and be a part of change.

[ontheway]

DOW crashes again. The Bailout plan is declared D.O.A.


Wall Street tumbles amid global sell-off
Monday October 6, 3:38 pm ET
By Joe Bel Bruno and Tim Paradis, AP Business Writers
Stocks decline amid global worries credit crisis is spreading; Dow falls below 10,000


NEW YORK (AP) -- "Wall Street suffered through another traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points and setting a new record for a one-day point drop as investors despaired that the credit crisis would take a heavy toll around the world. The Dow also fell below 10,000 for the first time since 2004, and all the major indexes fell about 5 percent.


The catalyst for the selling was the growing realization that the Bush administration's $700 billion rescue plan and steps taken by other governments won't work ..."




The end of the Socialist Federal Reserve is now inevitable.

The only solution left is to return to the gold standard.

[bacasper]

[Rteacher]

Dire Straits-type mentality may have gotten us into this mess ...
http://kr.youtube.com/watch?v=aNaKWXqXkhw

[Jandar]

I do not think Martial Law would be prescribed.

The market is at a five year low, I don't think this is disasterous for most people.

Joe six pack hasn't been hurt yet.

Do I see a scenario for Martial Law?

I think DJIA somewhere around 7000 would be a worry point, I think 5000 would be disaster, for corporate America and ultra strict regulation including wage and price controls would be the order of the day, not Martial Law.

I think you would see Nationalization of the entire Financial and Insurance industry long before you'd see martial law, that may be a good way to finally get a National Health Plan.

Now if for some reason Joe six pack is left without something to do during the day (ie. no job) then he might just start causing trouble, this would lead to Martial Law or something worse.

I don't see this happening before the election or even befor February 20.

[TheUrbanMyth]

What? Martial law hasn't been declared yet?



That Bush, he's a clever fellow ain't he?

[canuckistan]