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Dow Drops 200 Points On Housing Data
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Associated Press
July 24, 2008
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NEW YORK (AP) — Wall Street abruptly ended an earnings-driven rally and closed sharply lower Thursday after a steeper-than-expected decline in existing home sales and worries about the financial sector chilled the market’s recent optimism. The major indexes fell about 2 percent, including the Dow Jones industrial average, which lost more than 280 points.
The National Association of Realtors said sales resumed their decline in June after a slight rebound in May. Existing home sales declined by 2.6 percent in June, well beyond the 1 percent drop economists had forecast.
Investors punished shares of homebuilders and financial companies Thursday because both sectors have struggled with the declining housing market.
Alan Lancz, director at investment research group LanczGlobal, said investors are concluding that while financials had been oversold in recent weeks and were due for a rebound, problems remain with tight credit and souring mortgage debt.
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July 24th, 2008 at 6:52 pm
1. Keep as much of your money out of the bank as you can.
2. Be sure to have a minimum of $500.00 in cash at home ($20’s, 10’s, 5’s, and 1’s).
3. Cash in your 401-K or other retirement accounts, stocks, bonds, and other financial instruments(don’t worry about the penalties) in a few months it won’t matter, and buy gold and silver bullion coins and take physical delivery.
4. Sell all of your “toys” such as pleasure boats, bass boats, jet ski’s, extra cars etc., and use the money to buy “food, water, medicines, weapons and ammo” for storage.
5. Get with friends and family and buy a small pice of remote land where you can go to if things get bad. Put a couple old trailers there or better yet, four trailers and place them in a square with the center used for gatherings and square foot gardening.
PREPARE NOW FOLKS! THE WORSE IS YET TO COME!! AND, IT’S COMING QUICKLY!!!
YOU ARE NOT ALONE!
HOO-YAH !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.theamericanvoice.com
July 24th, 2008 at 7:43 pm
I hate to say it but there is nothing that poster #1 has said that I can disagree with….
July 24th, 2008 at 8:58 pm
Oh my God they stole all that money out of the banks and than put the debit on the back of the tax payers & called it a financial bail out. I have never seen such audacious theft right in front of the cameras in my whole life. Really what is the world coming to. This W is out of control. And there,s nothing the American People can to about it. If I were the stock market I’d fall too! Next the price of gold is gonna fall to nothing and they can suck all those futures away from people who thought they were being smart by buying gold and silver. Than the crash. The dollar will soar one more time and that die a final death. Get ready to jump out of the window all you people who hoarded gold are vested in this nation its all you got left. Aloha MCB
July 24th, 2008 at 11:10 pm
The problem that I see with buying precious metals is two fold. The first being that it is not liquid. What, you are going to buy a cup of java with an ounce of gold? The second is, who is going to buy it at all down the road? That tends to add that maybe internationally it might be worth having some, but how many people are really going to travel to another country where they can cash it in and if they could, then how much would it be worth? No, the only thing still usable to buy what is needed is cash. If and when that is stopped, then something else will be needed for liquidity purposes.
Rhonda
July 25th, 2008 at 1:37 am
If one is actually planning to SURVIVE, having some extra cash on hand will hold you over if the banks close and it’s a good idea to have some.
More imprtant is having storable food, water and water filters, again, if things really crash, utilities like public water supply could be a serious problem, along with food supplies and home heating fuel.
If you are really planning to survive, make sure you have a gun and ammo to protect your stonghold when things get tough.
And, if you really have any brains and know anything from history and plan to be around for the recovery stages, buy as much gold and silver as you can and hide it. When that time comes and dollars are just worthless pieces of paper, gold and silver will put you light years ahead near the end of the big fall and the beginning stages of recovery.
And lets not forget, there will always be those that have a real lot they hold in reserve even in real tough times and they will be the ones that will barter for gold and silver when the time comes. If for example everything crashes and one needs medicine, there will always be those that have priveleged access to goods, that will be more than willing to barter for gold and that’s a matter of repeated historical fact, in case one is uniformed how reality actually works, when push comes to shove at crunch time. History has proved one can buy escape and even life with gold, when a nation’s currency fails and that is how gold and human nature have always worked when put to the acid test.
If things get bad, but are workable to some extent and one lives in the north, make sure you have a good wood burning stove and stock up on firewood or coal, which ever you prefer. Home heating oil will most likely be above $7 a gallon this winter and 100 gallons a week is not unheard of durning colder months. At those prices one could easily end up paying $5000 for one winter of heating oil. I can’t immagine what it will be like paying $2000 a month and more, to heat a house this winter, but that’s the reality of our situation at current prices.
Again I say, there will always be home heating oil suppliers, that will be glad to accept gold when things get really tough. I can hear it it now, “yes sir, I have two double gold eagles wating here for you if you’ll fill my fuel oil tank.” Guaranteed 48 hours or less if one made the calls to the right heads(owners) and that is reality.
July 25th, 2008 at 2:49 am
Here’s the thing….what do you need to survive in life? Gold, Silver, Precious Metals? No!!! IT’S FOOD!!! Buy lots and lots of food….the person with the Gold, Silver, and Precious Metals will be giving it to the person with food! Sorry but you can’t eat Gold, Silver, or Precious Metals, you can only exchange it for the thing you need most….FOOD!
July 25th, 2008 at 4:12 am
It is like a domino effect if one section of the market goes up to nonsense others will follow as it is linked.
The only true value is GOLD.
July 25th, 2008 at 6:18 am
Crikey!…it aint good is it Ponsenbury!!!
I wonder what all the poor people are doing?
Pink turtle i said…Pink Giraffe?
Over there.
Bonza and Jiminy Cricket for trimming the candle wick.
Refrain i say…Retrain!
Prrrrrrrrrfft.
Burp.
!_ _~
July 25th, 2008 at 8:00 am
Look, I am a single mom who is a patriot.
I have a Berkey Water Filter, Guns and ammo, Oxysilver and a flouride free brain!
I simply can’t afford to get a small farm and don’t have any real friends I can TRUST who will go along with this plan. But I must survive this…
What am I do to? I just lost my job TODAY….Yet, still I must fight but I am losing my sense of self.
People generally know something’s wrong but I can’t trust my life or my child’s life for people who are lukewarm with this….I need to know that I have some of you out there to turn to and help me out when martial law/war with Iran/nukes drop/etc……..
DON’T TREAD ON ME!!!!!!
It makes me sad to think that I (proudly?!?) served my country and all I got was this stinking tee shirt that says “I SURVIVED MARTIAL LAW”.
Well, you better believe that I won’t volunteer for anything else my good ol’ gubment trys to sell me, including forced microchips.
July 25th, 2008 at 8:01 am
I CANT WAIT FOR THE START OF WW3!!!
July 25th, 2008 at 8:59 am
#9 Recent Vet
You get yourselves on a plane to Australia, and be damn snappy about it, no muckin about, do you hear.! That place were your at, she’s about to blow.
I’ll look after you and the little’un. You and me can make made passionate love 24 hours a day…until the end times.
Hurry up and get out here “i’m as horny as all s---”
See ya soon.
P.S i like loads of foreplay, i don’t believe in hiding the sausage until a woman has come 5 times!
July 25th, 2008 at 9:54 am
Aussie
Thanks for that brilliant comment. Way to to go! Thats the answer we have all been searching for.
Duh.
July 25th, 2008 at 6:02 pm
LOL!!! I look at these comments and just LAUGH! Haha oh you people are TOO MUCH! Remember in 99 when they said that in 2000 that the stock market would crash and what you people are speaking of would happen???? Y2K. Remember that? Its all repetetive with you people. It will NEVER get to the point of marital law and famine in the U.S. What is wrong with you all? Are you kidding me? Lets be logical here for a moment people. Lets not believe everything we hear ok??? We are the most powerfull country in the world and we have more reasources and food than any other country in the world…. We couldent die from hunger even if the government wanted us to. Lets think for ourselves and have our own perception on reality and not let people think for us.
July 25th, 2008 at 8:40 pm
http://www.thereignofchrist.org and http://www.veritas144k.com
The fulfillment of Christianity is at hand!!
“Until we all meet into the unity of faith and of the knowledge of the Son of
God, unto a perfect man, unto the measure of the age of the
fulness of Christ, doing the truth in charity, we may in all
things grow up in Him Who is the head, even Christ.”
This is accomplished in those who prepare themselves to receive
Christ in His Second Coming when “He shall appear without
sin to them that expect Him unto salvation.” This can only
accomplished in the valid reception of the Holy Eucharist.
If we carry this point a step further, we will see that the revolt
in Heaven by Lucifer has even deeper significance. Not only
did God ask the angels to assist man to come into the image
and likeness of God, but He revealed that in the final New
Creation, God would be ‘All and in all.’
That is, God would be in the angels and in man in the completion of the designs
of His heart from all eternity:
“Lie not one to another,
stripping yourselves of the old man with his deeds, and
putting on the new, him who is renewed unto knowledge,
according to the image of Him that created him, where there
is neither Gentile nor Jew, circumcision nor uncircumcision,
Barbarian nor Scythian, bond nor free. But Christ is All and
in all.”
There is neither, bond nor free, angel nor man, but
there is totally a new creature, for man and for angel are one,
that is the new creature, Eucharistic man.
The emergence of the new creature is the realization that there
is no difference of man and angel. The Resurrection of the
Christ, that is, the emergence of the victory of the Divine
Nature in the humanity of man, brings about the completion
of the fulfillment of the design of God from the beginning.
Just as Father, Son, and Holy Ghost are one, so too the new
creature is the image and likeness of the unity of the Trinity,
for the Holy Eucharist is Jesus, Father, Son, and Holy Ghost.
He said: “I and the Father are One.
July 25th, 2008 at 9:27 pm
Number 13 you can rationalize things any way you want. If your so sure of yourself what are you doing here? You people like SO and Jasmine should get a life, if you don’t like Alex or what the rest of us have to say why don’t you look up a cake baking recipe or go on E-bay or something. I think the truth is your in denial. When you pull your head out of your ass come back to the site and check-in with us we’ll forgive you, we need all the help we can get.
July 25th, 2008 at 9:50 pm
TO #15
I would like to hear your point of view. Can you not provide one? Do you not have a logical explanation to back your theories???? Ok then. I will stand corrected until the moment that you have a reasonable explanation to your “theories” Until then, ill keep expressing my point of views to you all so you provide me with hard evidence to all of your little propeganda articles. For example: I see those pictures of those PLASTIC CASKETS and then people saying that thier for us when “MARTIAL LAW” hits us and we starve to death. Completely disregarding the fact that they might belong to a mortuary. Or for any other reason for that matter. They may also be there because the gvmt. wants to release some epedemic on us…… who knows right? So lets not jump to conclusions and assume the worst…… Wow this place is worse than fox news! You people are no more sheep for alex then those brainwashed americans watching fox news. You read a couple articles and believe every BIT OF IT! Just because alex was right about 911 dosent mean we should take his words for scripture. Its scientifically impossible that 2 planes could take down 2 buildings and fall at free fall speed like on 911 right???? Well thats exactly the way i look at things my friend. I percieve things through logic. I take into concideration the most likely. And keep the least likely into concideration. Lets not belive everything we hear folks
July 25th, 2008 at 9:54 pm
#15
Oh, and one more thing. Just because I disagree with one article dosent mean I disagree with all of them. Right or no? You see? Here we go again…. Lets keep assuming things until were blind and dont know what to believe anymore.
July 25th, 2008 at 10:16 pm
O.K. SAY SO why are you here. Believe, don’t believe. What do you want? Are you in or out. Fox news does it for money. What drives you?
July 26th, 2008 at 12:59 pm
We assure you that the Gates of Paradise ARE being
opened NOW!
Who are the few who enter by the NARROW GATE?
Who are the 144,000 who will enter NOW?
Why is it that all the 2 billion Christians think that they
are the chosen 144,000?
See the gate the vast majority of the 2 billion are
entering: “Wide is the gate, and broad is the way that
leads to destruction and many there are who go in
thereat.” Mt 7:13. This number does not include the more
than the other 4 billion inhabitants on the earth, Jews,
Muslims, Hindus, etc., etc., and etc.
We assure you again that the Gates of Paradise are
being opened NOW, but only for a very short time.
Then they will close until after the Great Tribulation is
completed.
“The Temple was filled with smoke from the majesty of
God and from His power, and no man was able to enter
into the Temple, till the seven plagues of the seven
angels were fulfilled” Apoc 15:8.
The vast multitudes of so-called ‘Christians’ who deny
the basic truth are being cast out: “There was given me
a reed, like unto a rod, and it was said to me: ‘Arise,
and measure the Temple of God, and the Altar, and
them that adore therein, but the court which is without
the Temple, cast out and measure it not, because it is
given unto the Gentiles, and the holy city they shall
tread under foot, two and forty months’ ” Apoc 11:1,2.
The Reign of Christ is His Eucharistic Reign as
foretold: “The second time He shall appear without sin
in them that expect Him unto salvation” Hb 9:28. The
Reign of Christ has begun.
July 29th, 2008 at 2:33 pm
Articulately stated, Say So. I believe that many people on this site would (or should) agree that you should look at ALL information skeptically, whether it is network news, newspapers, web sites or even Infowars. The definition of Martial Law is “(n) Martial Law is the law prevailing in the land, when it is subjected to military activities or when it is under a military rule arising out of a situation like war, calamities, disasters, emergencies etc. In Military rule constitutional or fundamental rights of the citizens are temporarily withdrawn and commanders or head of the rule acquire dictatorial powers.”
Say So, I think you can agree that many American’s rights have been “temporarily” withdrawn due to 911, hurricane Katrina, the war on terror, etc. This is quite evident through the provisions awarded the president in the “Patriot” Act, military patrolling the streets (against the U.S. constitution), spying on the domestic population (against the bill of rights), holding prisoners, domestic and foreign, in lieu of habeas corpus, etc., etc., etc.
Under the definition the U.S. is already experiencing martial law. Whether or not it has affected YOU directly may be a different story. If you require further proof about the Patriot Act and the powers awarded the president as well as how the act was passed, I would recommend the film “Washington, You’re Fired”. I would also recommend you google “Martial Law, Patriot Act” for further information regarding the current martial law situation in America.
July 29th, 2008 at 2:43 pm
Oh, and one more thing. Not too sure about the caskets myself but would not be surprised if they were also another new treat for the American people.