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Old 10-10-2008, 12:12 PM   #31
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Originally Posted by elevated_u2_fan View Post
We need to start buying up commodities that we can use to barter in the place of money...



I'm stockpiling spices and water!

Don't forget to stock up on Campbell's Soup
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Old 10-10-2008, 12:30 PM   #32
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Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.''

``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.''
Happening right before our eyes...
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Old 10-10-2008, 01:10 PM   #33
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Don't forget to stock up on Campbell's Soup
Various alcoholic drinks should be stocked up as well - they can be bartered for almost anything in a crisis.
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Old 10-10-2008, 01:21 PM   #34
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Happening right before our eyes...
and globalization rears it's ugly head once again... this does not sound good to me at all...
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Old 10-10-2008, 01:25 PM   #35
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This has happened over a dozen times since 1929 (as recently as 2002-2003), and every time many think it is the end of the world. The way I see it, you have two options:

1) Buy stock now. If it truly is the end of the world - what does it matter?

2) Buy stock now. If it is not the end of the world - you stand to make a good killing as the market recovers over the next 5 to 10 years.
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Old 10-10-2008, 01:37 PM   #36
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We had very little saved up as it is. I'll start getting worried the day I have to protect my cardboard box with whatever piece of scrap metal is lying around on the street. Until then, I'm going to read up on 1930's history and see if there's a local fish guttery I can work at by the docks. Maybe I'll dust off my trustworthy derby while I'm at it. Would make for good bartering material.
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Old 10-10-2008, 01:39 PM   #37
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Yes, before you guys corrupted it with Fannie Mae.

<>
I thought that was your party's deregulation orgy.
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Old 10-10-2008, 01:40 PM   #38
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the blame game
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Old 10-10-2008, 01:42 PM   #39
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Various alcoholic drinks should be stocked up as well - they can be bartered for almost anything in a crisis.
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Old 10-10-2008, 02:16 PM   #40
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Getting my mattress ready for some stuffin..
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Old 10-10-2008, 02:23 PM   #41
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gonna get mine ready for some burnin at this rate...
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Old 10-10-2008, 02:27 PM   #42
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oh, and I gotta find a big enough cardboard box for 3 people and 2 pets. I am gonna pick a spot down by the river to establish my new place of residence.
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Old 10-10-2008, 02:28 PM   #43
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what about a van down by the river?
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Old 10-10-2008, 03:17 PM   #44
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This has happened ...as recently as 2002-2003
No.
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Old 10-10-2008, 10:08 PM   #45
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Originally Posted by AEON View Post
This has happened over a dozen times since 1929 (as recently as 2002-2003), and every time many think it is the end of the world. The way I see it, you have two options:

1) Buy stock now. If it truly is the end of the world - what does it matter?

2) Buy stock now. If it is not the end of the world - you stand to make a good killing as the market recovers over the next 5 to 10 years.

We've had structural changes in the system itself this time, and the magnitude of the Dow drop is large - 23-25% over 10 days. That's larger than 1929's crash.

The Great Depression wasn't the end of the world, so I don't see any reason to try be a hero and buy here (expect for trading). The Dow took something like 25 years to recover after the 1930s depression (after a total drop of around 90%).
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