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View Diary: World Stock Markets Drop Like it's 9/11 this morning (42 comments)

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  •  Since I have nothing to lose (3+ / 0-)
    Recommended by:
    corvo, LucyMO, TKH

    I am popping open a bottle of Sangria and partying down while Rome burns.  It is going to take a lot of pain to burn away the illusions the MSM and Corporate power have spun.  We need an alarm clock.

    The rich have never liked paying taxes and they never will.  But they are going to give the country back one way or another.

    "An infernal machine that produces every minute an impressive amount of poor, 26 million poor in 10 years are 2.6 million per year of new poor, this is the road, well, the road to hell."
    Hugo Chavez

    •  Well, you have something to lose (2+ / 0-)
      Recommended by:
      marcvstraianvs, Abra Crabcakeya

      indirectly.  A few trillion dollars of wealth going poof has an effect on the economy at large, as illustrated by the mortgage backed securities foulup.

      [Obama endorser X] is a naive childish Reagan worshipper that has no experience with the right wing attack machine.

      by Inland on Mon Jan 21, 2008 at 11:28:52 AM PST

      [ Parent ]

      •  Thing that worries me (1+ / 0-)
        Recommended by:

        Are Union/State Run pension programs that are largely operated in the markets.  CalPERS and their ilk have a LOT to lose in a severe market downturn.

        OH-16: John Boccieri will finally end 36 years of Regula Rule.

        by marcvstraianvs on Mon Jan 21, 2008 at 11:30:49 AM PST

        [ Parent ]

      •  I'm not naive (1+ / 0-)
        Recommended by:

        I don't want rioting in my neighborhood people looking for food in my apartment, but we are on a slow death at the moment stress and anxiety.  I wish we could wake up right now, and everyone vote for true progressives in all levels of government, but that doesn't appear to be our destiny.   The alarm needs to go off first.

      •  It isn't going poof (0+ / 0-)

        Wealth is neither created nor destroyed, it is merely transfered.  Maybe paper money will go "poof," but those who are actually aware of trends and how banking works at the top always come out stronger.  Do you think friends and family of Greenspan and Bernanke don't know when the next rate hike or decrease is coming and move investments appropriately?  They are not going to be in the street begging, that much is guaranteed.

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