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DOW loses 513 points.

August 4, 2011 by Syd

Well what an interesting week in the financial markets today the DOW lost 513 points and most other markets took a tumble as well. I have been expecting this for a very simple reason and that is for the last 9 months the price of gasoline/petrol at the pump has been artificially kept higher than it realistically would in a truly free market.
So consumers have had to keep tightening their belts and this after having no time to recover from the last robbery back in 2007. So now I expect massive layoffs and a plunge into a deep recession/depression.
However the market manipulators have never ceased to surprise me with me tricks to bump up the price of commodity’s and share prices way beyond reality.
If the dive in share prices keeps happening then it’s back to the 1930’s but this time it is a lot worse when people are stealing metal to survive things are bad very bad.

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Posted in Uncategorized | 13 Comments

13 Responses

  1. on August 15, 2011 at 6:03 am Ozboy

    Check out the 10-year gold graph here; in particular, compare the 2008 GFC spike to this year’s.

    Anyone who thought the stock market plunge was a storm in a teacup, should think again.


    • on August 17, 2011 at 9:33 am Luton Ian

      That’s big, even when I visually allow for the logarithmic increase appearing to flatten previous spikes.


  2. on August 11, 2011 at 11:07 am Luton Ian

    Kitler,
    what front end were you using on linux?


    • on August 11, 2011 at 7:10 pm Kitler

      Ubuntu.


      • on August 12, 2011 at 2:45 am Luton Ian

        and gnome?


        • on August 13, 2011 at 4:08 am Kitler

          It’s bundled in.


          • on August 14, 2011 at 5:54 am Luton Ian

            ok, I was looking at Debian, which ubuntu is based on, and it bundles the gnome front end.

            I’ll take the plunge.


  3. on August 9, 2011 at 4:29 pm Luton Ian

    I think this is the big one.

    The keynesians have used the interest rate tool to the max, if they print any more paper, then then interest rates go negative.

    China has been buying US paper which is now becoming worthless, if they make the Remnimbi freely exchangeable it will rocket, either way, they’re in for a correction (beer is £5 to £10 a glass in the bars allong the Bund in shanghai, and real estate is Booming big time).

    The Keynsians might just manage one more cycle of inflate and bust, but I’d be surprised if they can do it. I think it’s a late 90s style Japanese crash for all of us.

    At least Japan seems to have learned, and runs a none inflationary monetary policy these days.

    The Irony from the debate over at LG, is, from what I can make out, the economically freest and most prosperous place on the planet is part of Communist China;

    Hong Kong!


    • on August 11, 2011 at 7:12 pm Kitler

      They using commodity’s to suck out as much cash as they can from everyone making what should be a short sharp recession into a depression.


  4. on August 4, 2011 at 6:30 pm Ozboy

    Time for a bit of people power.


    • on August 4, 2011 at 9:06 pm Kitler

      You are absolutely correct and people really need to investigate hedge funds and investment houses and equity funds and show much they have distorted the commodity’s market and doomed us all into a depression. A few necks being stretched should do it.


      • on August 4, 2011 at 11:32 pm Ozboy

        It’s unravelling fast down here, while your markets sleep. Updates at LG. Tomorrow’s trading in US UK should be interesting, in the Chinese sense of the word 😮


        • on August 5, 2011 at 12:46 am Kitler

          It’s Friday expect a major buy in the last two hours of trading from the Fed buying on the dip.



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