Shanklin mike got suspended.

Thank you Kdenninger for your perspective and explaination about the markets, finances, and other economical-related material. As far as contacting our congresspeople......I contact Hillary Clinton about the $700 Billion Bailout and My 6th district Representative, Gregory Meeks, about Mr. Hasting's Bill(H.R. 645). I only got a genric letter from Hillary and no response from Meeks after 2 letters and one month of no response.

I think our congress is detached from the public. No matter how many times I send letters, nothing is impacted. But......if everyone in this room find and contact your congressman, it will make a difference. Follow K's advice guys. Thank you, again.

hey Karl, hope you are doing well ;)

Thank you for being my friend. Blessings. :)

OASIS

When can we expect another video?

K can you help out please. Watch the vid and if you think it appropriate post it up on the MarketTicker forums please. Research the info presented:

Naomi Wolf - Give Me Liberty
watch?v=_XgkeTanCGI

USA is currently facing a coup situation. Research the information presented in this video.

Naomi Wolf - Give Me Liberty
watch?v=_XgkeTanCGI

Watch it, send it to your friends, family, neighbours, everyone. Do it immediately.

sidenote: Zeitgeist 2 (Zeitgeist Addendum) is out too people. A Must see film also

America needs to stop its financial system from collapsing.

The bail out, which is 5% of our GDP, was appropriate a year ago when this financial panic was still young. We should be talking about measures as massive as World War II in %GDP and temporarily nationalizing our financial sector.

America use to have financial panics and depressions every 20 years. This is what we can expect.

1. Financial institutions collapse because people lose confidence and pull their money out at the same time.

2. This causes a massive contraction in the money supply because of the liquidation of loans.

3. This creates a rapid fall in prices. This bankrupts people throughout the economy because their property sharply declines in value but their debt remains fixed.

4. This all leads to spending contractions, bankruptcies, investment stopping, layoffs, unemployment, and hunger.


All of this happened in the Great Depression. Our economy kept contracting for four years until FDR finally stopped the bank panics. We had a huge fall in prices and unemployment hit 32% in 1933.