Stock Market Crash 2008 Update - Part 1

[tickyul]

Big brother is doing everything he can to prop up a country built on a house of cards. Everyone knows that the US gov bought 1 trillion in mortgage backed securities.....RIGHT? How much of that paper is very very stinky? I would bet a lot. Also the funny money programs to prop up the stock market and put an artificial bottom on the housing market will have to end. Or maybe we can raise the debt limit to 20 trillion and kick the can down the road. This country has truly lost its mind. bleechhhy!

[siedletc]

The time for silent compliance to the criminal gang of typical wannabe gods whom have overthrown Our Constitution and stolen Our LIVES! Without Liberty, life cannot be. YThe time for talking [with the enemy] is over.

You think you know what I'm to say next?

Prepare for WAR! The infowar is on. Your countrymen are brainwashed. No amount of lead can fix that. Leave the rifle, use the pen. Globalists want us violent - be peaceful. Evil people want you ignorant, seek wisdom. Know God.

[adjustablewrench]

Cool "'

[dailygloomanddoom]

I agree that we will enter a credit card crisis. Consumers are completely tapped out on their credit and the wealth of almost everyone has fallen by about 30% due to the drop in home values and the stock market. You were right about the large stock market crash. I think we have another one coming in Q1 or Q2 2009.

[tunicanl]

Were you taking a shit while you made this? Hope you wiped.

[myspacesecrets]

LMAO

[quarvis]

The question was here before, but bears repeating:

were you taking a dump when you made this?

[robertorgan]

"People who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge men into ruin and destruction."(1 Tim 6:9)

[oilhammer04]

"uncertain riches" (ITim 6:17)

[oilhammer04]

Will the government fix what *they* broke? Pres. Carter signed the Community Reinvestment Act into law and Clinton reinforced it. Banks were pressured to take on bad loans which eventually led to an economic catastrophe. The Leftists blame deregulation, so if more Democrats win in November, look for more of the same.

[ngonea]

Not eactly true, Banks created predatory lending practices, Investment Banks created

tricky investment products called derivitives, which are the loans bundled and resold onto the market. This is a planned crisis, just like 1929. The Elites are looting the economy, The Housing bubble was a symptom, not the cause of this crisis, they have been creating bubbles for a decade, been false economy under Alan Greenspan, Clinton signed Nafta which outsourced many jobs. Economy needs prod. vs casino

[oilhammer04]

No doubt there are a number of variable, but I think my variable is one of the causes.

[ngonea]

I respect your right to do so.

[oilhammer04]

Well, bless you heart. :)  Exactly what is it that I'm doing that you respect my right to do?

[ngonea]

What if the Congress stops funding an immoral and illegal imperialist war that cost tax payers 550 billion yrly + off budget

pentagon Blk ops projects, and the 2.3 trillion missing from the Pentagon,+ the 700 military bases around the world in 160 foreign countries, would that make a difference?

Would that make a difference?

[bcpsyco]

they made it and broke it so theres nothing for them to fix,since they created this shit socity

[LemonadeSkittles]

another depression?

[carlfinkle]

Goto Yahoo and down load the data for 1929 and 1987 take a look at the period from 20 Aug to 11 Nov 29 and the same period in 1987

Then look at the down move that started in the first few days of Sep this year although the charts are not identical the similarities out weight the differences.

"History does not repeat but it does rhyme"

Mark Twain

[HenryfracCT]

are you britsh its not meight to be mean just wonderring

[He101A]

This guy is right on the money, he made this video in July 2008, and the market did go down 700+ in a day.

[jperry0215]

wat is this guys name

[zappaelcrappa]

The stock market was way over valued, where the bottom is who knows- 6000-7000? Would it be the end of the world if the Stock Market hit 6000 i doubt it. I think what all this means is- shmucks have been cleaned out of the market and the smarter and wiser investors will direct the market.I see this a as a good thing :}

[nashvilledisco]

I have heard others say this, perhaps this is true.

[nashvilledisco]

How long do you think it will be before the crash? when do you think it will happen? 6 months? 1 year? By the end of 2008?

[ostormbringero]

mid to late october mostly likely oct 31st early november

[siedletc]

Stop looking at the world with one eye covered. We have a one party system. When have reps and dems disagreed on a serious screw-job of Americans?

[AcaiBerryMONAVIE]

when time turn BAD. Nostalgia renews your soul.

STYX -"COME SAIL AWAY" 1977

check it out now. Nostalgia to the rescue

[bigchickenfu]

"though we're running out of everything, we can't aford to quit -- can't u see we're workin' it ! ? " Don Henley

[bigchickenfu]

you were right dow down 777 this year ( u said 600-800 )!

[danwillis451]

All you Genious' need to see what party was in control of Congress those years. It's Congress that controls monitary policy as per the Constitution, not the President. Take a history class. Oddly enough, it was the Democrates each time, What a surprise. 3 years ago, gas $1.19, unemploymet 4.0%, Financials Booming, then the Dems took charge, now gas $3.36, unemployment 5.8% & rising, Financials, in the toilet. Approval rating 9%. Can we really afford more of this sort of "change"? I doubt it.

[TYX91101]

The Democrats took over for good reason. The Republicans managed to double our national debt in five years. Couple that with their mantra of "deregulation" and you've arrived at the current situation. Of course, their benefactors have enjoyed several years of outrageous loot accumulation. Abandon ship.

[nealsmagic]

You have such a small mind. Enjoy your own personal fall.

[ostormbringero]

no one believes in the lie of the two party system anymore. So please stop using this outmoded technique

[kinghog]

Were you taking a dump while you made this?

[quarvis]

I think that was probably the single most intelligent, constructive thing said here....including the video.

[Spiritree41]

They crash the market take all of our gas we cant get to work they stop delivering or groceries they pick us up in those fema trains take us to the fema detention camps put us in those black coffins and cremate us in the furnace. Look up the new world order

[raidnkill]

1929, Republican president was in charge of the country when the great stock market occured.

2008, Another Republican president was in charge of the country when another stock market crashed

2009, The stock market crashed when the last Republican and the last president of the United States was in charge of the country.

That would be the worse case scenario if Mccain is elected.

Re-FAIL-publican

[charybdiscylla]

the democrat economic plan doesn't work, for example, forcing banks to make loans to people who would not be able to get loans normally for example people with bad credit. But the one that still gets me is "free health care for everyone!" and "lower taxes" were does this money come from? Oil Companies? By taxing oil companies you force them to raise prices further stifling the economy. Thanks alot to all you liberals trapping us for drilling OUR OWN oil, and fixing the problem in the 1st place.

[jprc03]

Dont forget Black Monday 1987—With Reagan in the White House.

[whynomorenames]

And today

the market loses 800+ points

1 trillion+ in loses

[cwrichards]

Are you on crack? Congress hasn't even voted on the bail out package yet. And by the way the dollare is up on the world market. Oh and by the way.... there are is no bigfoot.

[ALBOY68]

George W Bushtard you did it, You have now beat brother Jeb at something. You have now created the largest tax payer bail out of all times. it makes old corrupt Jeb's SBL bail out look like nothing. mission accomplished!!!

[Noahgoy]

I have never witnessed markets as erratic as what i have seen in 2008.

[moosenstine]

Don't be afraid, thank KinGeorge,

Corporate Whore; MISSION ACCOMPLISHED.

Thanks LOSER.

[jgohlke20]

Legalize and tax weed.

[lalubella111]

YA!!!!!!! good idea :)

[coldironhands1]

No, please don't. it's expensive enough

[linnx88]

This is scary. I'm scared. First the economy, the prices, food will double in price, riots will begin...crime rate will explode. So get your gun and dig in.

[Noahgoy]

It is obvious that the USA as well as the rest of the world, has very serious financial problems. However, I don't believe it will fall drastically until after the elections. I will be very surprised if the powers that be let it collapse before the election.

However, after the election, I believe I will put all of my investments into cash instruments.

Oil prices stay below $100/barrel only if we move into a depression.

[photopro2008]

The word on Wall St. is the stock market will crash on Monday, 72 hours from now, is that true?

[Allen8131]

The end is now. Repent give your life to Yahshayah. Flee from babylon, babylon the great has fallen, flee and take no part in her plagues (Hurricane Ike, Katrina, fires in Cali., and more) He who loses his life for Yahshayah shall gain it again in heaven. I love truth, Yahshayah and The Most High, Eloyhim of Abramham, Issac, and Jacob aka Israel. Get baptized because death and famine, and sickness is coming soon. World Thermonuclear War is NOW. THE END HAS BEGUN.

[SpacemansTube]

Hey Allen8131 Thanks for the positive and uplifting speech.....I don't believe on iota of it either. BS

[44like24]

Everyone needs to be aware that the important date to observe is yet to come. The date is September 30, 2008. That is the fiscal year end of the US government to report to the rest of the world HOW MUCH DEBT the US has. On September 30, 2008 is when everyone will know the truth as to how ENORMOUS the US debt really is. Remember, now that Fannie and Freddie are under gov't control, so is their debt. US debt = 14 trillion +++ and I imagine food prices will begin to double after that date.

[dan020350]

the land is not being cultivated. the right to own property is not there any more. Unless this can be allowed ; I doubt the problem will cease

[autisticinsanity]

We were in a recession. The US spent around one trillion dollars last week, and now the stock market crashed.

We. Are. Fucked.

[ridgebackrosco]

you talk about the oil price ... a couple of weeks ago france24 news announce that in 2009 oil will be fixed at 37 dollars a barrel .. you also talk about gold ... hmm try and find gold and silver to buy .. i mean as in bullion note the cheap rubbish you get at the pawn shop ... peace !

[darkveroth]

First the economi and now this is. Is like the bible said. The mighty empire is gonna fall.

[dave98503]

burn baby burn

[LASCUEVAS33]

just lost 73 g's yesterday in fredie mac

[Musicfan399]

The housing mortgage thing was also caused by people buying too big a house. Also people were taking out second mortgages to go to Vegas and buy new cars! Live within your means-that is the solution!

[philolson321]

Huskie767 and BNSFrailfan,

No, the market only closes when it is down 20% in one day like when it happened in 1987. 500 point loss is going to be an average day on stock market in a few months.

BNSF, I think that is one of very few good companies in the US right now. You should profit from rising coal cost and an increase in laying more track in the coming years.

Peace.

[southdakota1001]

Do we have an estimated date in 2008 for this crash?

[machardo]

very, very soon. Please, get your canned goods and shotgun shells now. Don't worry about gold in silver as there will most likely be no real monetary system for quite some time. Your survival will depend on your ability to provide for and defend yourself. As we have seen, all crashes, like the '87 crash, are followed by decades of post apocolyptic style survival of the fittest existence. Or, maybe not.

[bigbigjohnlee]

lets try ohhh i say 9-20-08

[huskie767]

I moved my out of US dollars 4 weeks ago and have sustained 5 digit paper losses. How is this possible? ....especially since more and more companies continue to publish larger and larger losses. How low will gold and silver go --- $500 and $9 respectively?

[acidrain45]

The governments are holding solutions back because they WANT this crash

[machardo]

yeah, man, totally.

[myspacesecrets]

PPT wont be able to save the market from what is coming!

[GrinNBarrett]

do not worry about the Feds raising the interest rate. It will not happen. It would crash the banks and the stock market. If anything they will remain the same or go lower. The Market must go forth. Ever heard of the Plunge Protection team PPT?

[ZLadie2000]

interest rates stayed the same. so what now? market goes up for awhile...?

[huskie767]

Does the U.S. Stock Market halt trading when the DOW drops 500 points in a one day session?

[psbyowner]

alot of doomsayers now: i have to say so many people preachin about NWO illuminati, market crashes, etc etc its starting to become a bit...trendy.

gold and silver are good to have if you dont trust your govt. being we're not like the euro, we still cannot trust our gov't with our currency. ETF's are good for hedging your physical gold with puts.

[machardo]

Don't buy gold or silver, don't switch currency, don't buy into the fact that a crash is guarantee. People like this have been predicting the "big crash" for a long time now....it keeps getting pushed back when it doesn't happen. Buy a low cost index fund and hold it.

[pokerslut530]

This is exactly the problem. The longer its put off, the larger the bubble grows, and the harder it will pop. Think about it jackalope. Do some research on what the fed is alone, and wake up already. A crash is not a matter of IF its a matter of WHEN. Period. Any other stance is simply an uneducated one.

[machardo]

All things will happen given an infinite timeline. There will be another crash. If you are convinced that you can predict when or how bad it will be, then, well....I think the word used to describe that state is hubris.

[SoldOurLiberty]

We pay our bills, but because some people make selfishly stupid decisions the economy is going crazy over here and we've had to stop driving so much, start shopping at discount food stores, shut off the cable tv, and we can hardly pay our bills. We don't have credit cards. I say, stop bailing these people out!!! We pay our bills, why should my family suffer for others' greed? It's going to get much worse for my family, and people like us.

[truthsabre7]

In their greed these teachers will exploit you with stories they have made up. Their condemnation has long been hanging over them, and their destruction has not been sleeping.

2 Peter 2:3

[myspacesecrets]

so true!

[JiveDadson]

I would not assume that a crash is still months away. The rule seems to be that the inevitable always seems to take much longer to come about than one expects, but when it happens, it is much more sudden than one can imagine.

[JiveDadson]

The housing bill wasn't for the "homeowners" (mortgage debtors). Help for them would be called "The Mortgage Slave Walk-Away Act of 2008." It was to help the holders of Fannie and Freddie paper (central bank of China) and the creditors holding doomed mortgages (Bank of America, JPMorgan-Chase).

IMO, Helicopter Ben will not raise interest rates. The Federal Office of Money Changers (FOMC) will just continue to threaten it.

[cowboycarl04]

any raise is interest rates will crash the market

[rodrgz]

i like your youtube name

[AntandAm]

Do you think we could see DOW 9000 in the next couple of weeks?

[machardo]

sure, I think it will be back to 2000 by september. You should be aquiring a taste for human flesh becuase we will all have to resort to cannibalism very soon.

[siedletc]

It is veeeeeery important you do not give into cannibalism. Lean how to cannibalize computers, cars etc., instead. I cannot stress the enough. Trust in your Creator - do not become so hopeless and cut off to commune on filthy meat (xprssion hghlting diff btwn man /Jesus). Even the word decribes the judgement of it: can(Caine & his offspring), ni(simply, 'in I'), bal(baal, evil, of satan). Or: ni'-bal (nabhal, "foolish" or "wicked).

Forsake, ye, the want to fill your belly, farm Truth!

[WORLDREIGN]

Don't worry, I don't think you would be tasty anyways :P

[siedletc]

Well, my fingernails are. At least I'm addicted enough to think so. Eat the fat cats on this hill, that's the prime stock. I would probably only be good as a toothpick.

[siedletc]

DEC 31 87700...Good call. Where's it going next?

[tillo2008]

learn to fish and prepare fish, it's way easier hunting, skinning, and preserving wild game. realize your lifestyle will completely change, and understand that at some point survival will be a skill that will come in handy. It's likely that eventually you will have to defend your resources against your fellow countrymen. Be prepared.

[themeaningoflife38]

thats why I'm stocking up on ammo & MREs

[suki2011]

you said it fake money. buy gold and silver nomore paper money

[myspacesecrets]

There are man things you can do! Stocking up on your limited supplies would have to be #1 ESSENTIAL.

[blookup]

Why don't the rothschilds forgive America's debt? Americans died for their one civil & two world wars at the tune of how many dead?

American taxpayers pay for Canadian & British healthcare. Did you know that? The queen should forgive America's debt!

[tillo2008]

America does NOT pay for Canadian healthcare.

[ITILII]

they wont forgive debt because they are lovers of money, it is their god....which is why they will lose in the long run to the real GOD

[tillo2008]

who is this "they" you keep talking about?

Canadians?

if so, look south of the border for real corporate greed (USA)and overspending consumerism.

Canada exports almost 2/3rds of its natural resources and hydro electricity to the USA, including lumber and oil. There is NO WAY that Canadian Tax Payers aren't paying their own healthcare. I AM Canadian, and most of my family works in the healthcare field.

besides, why should we forgive debt? Because the land of the free is too broke to afford it?

[bluenote71]

Nice vid, myspace. I don't know jack about economics, except "save more than you spend", but I think this about my country, the US: FLUSH IT. I don't want anyone to get hurt financially, but people need to rethink how they live, and the government has to reassess its priorities; "Gimme! Gimme!" has to come to an end. Let the crash come.

[Danster82]

Having a collapse and then resuming the economy under the same onatary policy is not clearning it out its a failure to address the problem which is the policy of allowing private unaccountable groups to print the credit for the whole world because this is not about one country and then charge interest on that fictional credit, When the system collapses it presents humanity with a chance to address it and change it so it never happens again but if no change happens we failed again.

[VIRUSx17]

Yea the crash is coming very very soon...ITs goin to be a Rioting and Looting hell in the US like many have never seen..!!!

[firethefed]

If you think about it.. everyone knows that old people dont trust the banks... Why do you think this is?? Dont trust the banks.. Dont trust the government.. History always repeats its self..

[myspacesecrets]

Twenty-eight branches of 1st National Bank of Nevada and First Heritage Bank, operating in Nevada, Arizona and California, were closed Friday by federal regulators.

The plot thickens! hmmmmmm

[andrewebisu]

Hey MySpace,

Awesome stuff. Thanks again for your insight. Let's hold tight for the big one.

[myspacesecrets]

hmmmm yes keep safe!

[PlatinumGordon]

Is the best thing to do is buy Gold or Silver??? - anything else worth buying?

[bleedblue12345]

FOOOOOOOOOOOOOOOD, CANNOT STRESS THIS ENOUGh

a few good guns

bullets

bartering items

gold and silver bullion

hold a few hundred dollars in cash for possible barter

just be prepared, read some survival books for stuff you will need.. good luck

[maximumvalues]

usually an interest rate increase results in a stronger dollar as savings from other economies roll in. will this time be different? the dollar tanks when the savings rate increases?

[maximumvalues]

with each bank failure ive been going to work an hour earlier. im up at 3:30 am today Sunday. have to push hard and get in ship shape for the shit shot. National Bank of Nevada failing yesterday was like a shot in the arm. 1. stop drinking 2. get working 12+ hours a day 3. sell non=core assets

[myspacesecrets]

guys part 2 is up...

/watch?v=3_R2p8_ZiR4

[LucyVanPelt22]

US is finish.

[igotflickedoff]

more and more of your prophecies are coming true. You simple are amazing mate....

Kudos to you and all you friendly people from OZ...

Thanks for the update...things are melting down pretty quickly now! *slaps forehead!*

[illuminatikey]

I always love what you bring to the table myspace..., love your work but look forward to teaching us more! BEST VIDEOS ON YOUTUBE!

[dowtoplunge]

dude you rock! Have been telling eveyone about this...please make sure you tell everyone bout MS videos..

you can tell by everyone here... you really are helping myspace...you ROCK!

[scutterbear]

Have you heard Lindsey Williams latest interview? If you haven't, you need to. You can find it on youtube.

If you are unsure of the validity, you can reference the new oil field that was just announced about in russia a couple of days ago. Listen to the interview and then you will understand why that is significant.

[myspacesecrets]

sorry I am having trouble with part 2..it will be up in about an hour or two!

Cheers MS.

[KevZen2000]

Great video, along with all your others.God bless you myspacesecrets.5 stars+.

[KevZen2000]

The economy will crash.This is all in the NWO plan.This crash has been setup and planned for many years.This setup to force all to the Amero and then Microchip.

[JackNeedles]

Good stuff, myspacesecrets. No one wants to use the 'D' word, but that is coming and that is the truth. Just worthless assets backing up our currency in this faith-based economy and people are waking up to this facade. This is a game of dominos. And then there is the credit card crisis, as you said. Boy, the show is just getting started. Oil is going to shoot back up. The overal trend is up. Newbies who don't know much need to stay out of the stock market. Keep the good videos coming, myspace.

[myspacesecrets]

Thanks, great comment!

[bleedblue12345]

update thanks myspacesecrets! Love ya