Don't worry guys, I am not afraid to turn on the news to see if the world economy has crashed. I am living it day to day, enjoying whatever is present, though I have a feeling - not a fear - that the world economy is going into some serious shit. I believe that some people intentionally want to crash the world economy for their own benefit, but that my opinion so no point bringing tinfoil hats here. Anyhow, we'll see, we'll see - economics is not my area of interest anyhow.

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Whenever you go and buy something, you are affecting someone somewhere, be it environment, a person, or a community - you're making a statement with what you buy. So make it a smart choice ... Its a big picture

In honour of your ever so specific feelings and pertinent examples on the matter, I think it's time for some James Brown... no, not him, it's not funny to make fun of JB.

It's time for some Hoff.

Whether or not you believe they exist, these guys are having a busy week!

http://en.wikipedia.org/wiki/Plunge_Protection_Team

quote:

Plunge Protection Team, was originally the headline for an article in The Washington Post by staff writer Brett D. Fromson, published on Sunday, February 23, 1997. He did not invent the term. It was added later by a copy desk editor as a sensational nickname for the subject of the article, the President's Working Group on Financial Markets in the United States. It includes the Secretary of the Treasury, the Chairman of the Federal Reserve, the Chairman of the Securities and Exchange Commission and the chairman of the Commodity Futures Trading Commission. Founded in 1988 after the 1987 stock market crash, it theoretically ensures the stability of the financial markets, prevents liquidity problems, and ensures that stock market hiccups do not cause bank runs. Some Wall Street bears believe that it buys stock index futures or uses other methods to help keep the American stock markets afloat. Upon that suspicion, Plunge Protection Team or PPT for short, has become a catch phrase for those who warn about the danger of monetary inflation being used as a tool to more or less directly support stock market prices.[citation needed] In reaction to the poor reasoning of extremists of that suspicion, others have called it a conspiracy theory or an urban legend.[citation needed] The term, Plunge Protection Team, has also been used to include high ranking private bank officials. Private bank risks have increased with growth in the use of derivatives. Trying to prevent a sudden drop in stock prices might be a way to alleviate some of those risks without cutting back on the derivative contract sales that certain banks make a large percentage of income from. So they, especially those banks associated with the Counterparty Risk Management Policy Group of 1999 and the more recent CRMPG II, have also been suspected of conspiring as part of a broader PPT. Please see the article on derivatives for further explanation.

There's not much the plumbers, err plungers, can do if everyone decides to sell.

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Originally posted by Cyrus King i listen to trance becuase it is beautifully composed like a classical piece of music.... but with beats in it...

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Originally posted by Magnetonium I hardly if ever acknowledge sarcasm from a person I dont know because I ran into serious problems on an undisclosed buying website before.

Gets that bad they put in a trading curb so people can settle the hell down, was introduced in 1987 to control the volatility and stop panic sell offs from people and automated systems.

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Originally posted by Lilith Gets that bad they put in a trading curb so people can settle the hell down, was introduced in 1987 to control the volatility and stop panic sell offs from people and automated systems.

communist style trading ftw

In Soviet Russia, stocks sell YOU

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quote:

Originally posted by Cyrus King i listen to trance becuase it is beautifully composed like a classical piece of music.... but with beats in it...

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Originally posted by Magnetonium I hardly if ever acknowledge sarcasm from a person I dont know because I ran into serious problems on an undisclosed buying website before.

quote:

Originally posted by Magnetonium Don't worry guys, I am not afraid to turn on the news to see if the world economy has crashed. I am living it day to day, enjoying whatever is present, though I have a feeling - not a fear - that the world economy is going into some serious shit. I believe that some people intentionally want to crash the world economy for their own benefit, but that my opinion so no point bringing tinfoil hats here. Anyhow, we'll see, we'll see - economics is not my area of interest anyhow.

Go on Iam listening. What do "people" want to do? Do they want to create a one world government? Are they all Jews?

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Originally posted by Shakka Whether or not you believe they exist, these guys are having a busy week! http://en.wikipedia.org/wiki/Plunge_Protection_Team

Basically looks like a system designed to protect the profits of these rich guys. I mean, there is no cap to stop huge increases in values, is there? LOL

I guess its not as scary. My logic was that if some shady people own large amounts of important commodities like oil, gold, silver, etc. they can made huge money by a crash or devaluation of the world economy so that the commodities become more expensive. They obtain more power out of this. Then by the time the world economy stabilized again, these guys will become verypowerful. Does this make sense? I am not into economics, so dont bother laughing at this if its silly.


EDIT:

Will all the mounting US government debt, wouldnt it be better for them to devaluate the world economy so that they can use their large gold supplies to pay off the debt or something like that?

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Whenever you go and buy something, you are affecting someone somewhere, be it environment, a person, or a community - you're making a statement with what you buy. So make it a smart choice ... Its a big picture

Last edited by Magnetonium on Mar-03-2007 at 17:56