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World Stocks Tumble on US Recession Fears
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AFP
March 3, 2008
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| Stock markets in Europe and the United States had sunk late last week following signs that the fallout from the US credit crisis was far from over. | |
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European equities dived on Monday after heavy falls earlier in Asia as markets were gripped by growing concern that the US economy was slipping into recession, dealers said.
Stock markets in Europe and the United States had sunk late last week following signs that the fallout from the US credit crisis was far from over.
In late morning European trade on Monday, Frankfurt, London and Paris stock markets chalked up fresh losses of about 1.5 percent.
Asian stocks plunged earlier Monday with Tokyo ending down almost 4.5 percent, Hong Kong tumbled 3.07 percent and Seoul gave up 2.3 percent. Singapore and Sydney both shed about 3.0 percent.
“Not a great start to the week with the UK following falls in the US Friday and Asia today,” said Mike Lenhoff, strategist at brokerage Brewin Dolphin.
“What matters most to investors is what is happening in the US. Investors view the US as in recession or going into recession which is not good news for corporate earnings and the market.”
London’s FTSE 100 index of top companies shed 1.32 percent to 5,806.70 points. Frankfurt’s DAX 30 slid 1.51 percent to 6,646.08 points and the Paris CAC 40 lost 1.33 percent to 4,727.09.
In the foreign exchange market, the euro stood at 1.5174 dollars, after striking a record high 1.5239 last Friday.
The European banking sector took a big hit amid fresh credit crunch fears, with giant HSBC announcing more than 17 billion dollars in losses linked to the US housing sector in 2007.
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March 3rd, 2008 at 11:37 am
If you print to much money
the money becomes worthless
March 3rd, 2008 at 11:49 am
If the dollar’s worthless what shall we do. Welcome AMERO! Thanks AMERO!
March 3rd, 2008 at 11:58 am
We should be welcoming Ron Paul into the presidency is what we should be doing. The ONLY answer to our economic situation in America.
THE FED IS UNCONSTITUTIONAL!!! http://www.freedomtofascism.com/
March 3rd, 2008 at 11:59 am
Soon the mother ship will arrive and the chosen ones will be whisked away to an eternity of bliss and delight.
The home planet awaits!
The clock is ticking…Are you ready?
March 3rd, 2008 at 12:29 pm
I will not inform any of you anymore!
No problem slander slingers and SIG highjackers!
Stay and Die an Un-clean Death!
March 3rd, 2008 at 12:39 pm
PE certainly upset. This was forseable and inevitable. It will be sad/funny to see ressponse on fluf–oops, sorry-local news and Faux “News”. Fox: Blame the Al Qaeda loving “liberals”.
March 3rd, 2008 at 1:06 pm
I already have my ticket to the Mother Ship.
Do you?
March 3rd, 2008 at 1:12 pm
Well the stock market is allready showing its first signs of falling in the last 3 to 4 weeks its been closing at negative numbers usally in the -13 to -15 and maybee dow to the -50 to -70 range and closes at positive numbers once/twice a week but -315 on the dow is like a look out or a heads up if you will. This is very sad what is inbound for our country. I wish Americans would wake up and go and burn these evil corprate sobs from hell and bring back the little ma and pa stores and family owned jobs where we can read on OUR product “made in USA” Sometimes I cant beleive how many Americans our followers and not leaders and fall for the dumbest of things.
March 3rd, 2008 at 1:29 pm
Just be thankful you’re not getting all the government you’re paying for.
March 3rd, 2008 at 1:48 pm
Amero, another useless fiat currency designed by dirty heebs. Do people ever learn? It’s still just
paper backed by nothing.
March 3rd, 2008 at 2:04 pm
I would not hesitate to pour gasoline over you all and set you aflame!
Get off my f---ing Planet HUMANS!
March 3rd, 2008 at 2:07 pm
Bye Bye American Dream!
Hello nAitMERO
March 3rd, 2008 at 2:18 pm
I have not failed. I’ve just found 10,000 ways that won’t work.
March 3rd, 2008 at 2:25 pm
Hey Deliverer, go f?%? yourself you psycho!
March 3rd, 2008 at 2:29 pm
Hey deliverer….why don’t you go first.
March 3rd, 2008 at 3:00 pm
JUDGMENT UPON THE WORLDS TRADING SYSTEMS…
Prophetic word received November 1999.
For I tell you, indeed, I declare to you the things that have yet to take place upon the Earth, before the time of the great tribulation.
For the Depression of 1929 shall be as nothing in comparison to the losses and devestation that will strike the stock markets of the world stage in the years ahead. For I tell you that as each man to himself has trusted in and has placed his trust in idols of gold and of silver,so shall the judgements start to rain down.
So it shall be in a twinkling of an eye that the stock markets and the trading systems of the great nations shall, even in a matter of forty-eight-hour period, collapse. That every man who for himself has laid up great treasure shall in this season be reduced to nothing.
For that which man has placed his trust in will fail him. The trading systems of this world, which men have been told are infallible,shall prove themselves tenuous at the least and shall be the ruins of many millions in the year to come. And the ruin shall come greater upon those who have placed much faith in the arm of man. For I prophesy that the stock markets of the Western and Eastern world shall fall. And as they fall, so devestation shall strike the world’s economy. And so those who have trusted in the wealthof man to save them shall finally see their idols for what they are.They shall say:”We are brought down to nothing,as in a day; that which we were told could not be has happened in a day.”
And so a great terror shall strike at the heart of those who have ruled the nations by control and manipulation–by trade and by extortion–as they see their idols collapse before them.And so the great shaking and judgments upon the Earth shall begin.
For I have warned My people, says the Lord. I have warned them in the days of Noah, I warned them in the days of Sodom. I warned them at Babel but still, says the Lord, the Sovereign and One True God, still my people rebelled against Me. And their hearts strayed for from Me.And as I searched the cities of My great beloved Earth, surely it was only a remnant that I saw. A remnant that looked out for My interests and yearned for My appearing.
And so in these enddays,My heart burns within Me and becomes vexed. For through the centuries they killed My prophets. And even now Myprophets are despised. And so this last generation ,they have made themselves idols out of their hands, and they have turned away from Me. They worship idols of wood and clay–their homes, automobiles–and they worship idols of gold and silver. They exchange worship of Me, the Living God, for that of stocks and shares of gold and bonds–for the worship of oil and armaments.
They have exchanged their souls for that which cannot save them. For so it is that astheir life expires,all they have amassed inthe high placesoftheEarth,alltheir idols shall stand silent.
For more Prophecies from Wendy Alec go to http://www.unknownprophet.com
This specific prophecy is from the book,”Journal of the unknown Prophet”.
During a ten day period in November in 1999. Wendy Alec recieved a visitaiton from the Lord Jesus Christ.
This is the extraordinary record of His discourse.
March 3rd, 2008 at 3:48 pm
You do realise that this is pre-planned by the Rothchilds/Rockefeller cabal.
They moved their monies into precious metals and other more stable currencies so that when it all hits the fan they will be able to buy up more of our stocks at fire sale prices.
They will own it all.
Now they will do the same thing with real estate here in the good ol’ U.S. of A.
The friggin commie Chinese will buy up a chunk of it and make us pay them rent.
Stop Eating Rice and eat BSE beef instead!
March 3rd, 2008 at 3:58 pm
HEY, LIGHTEN UP EVERYBODY, THIS ECONOMY UNDER DUBYA’ IS NOT IN RECESSION. IT’S JUST THE WORST BOOM WE’VE SEEN IN YEARS! IS OUR CHILDREN LEARNING? ALL THIS WE’RE SEEING NOW IN AMERICA IS WHAT YOU GET WHEN YOU HAVE MR. MAGOO RUNNING THINGS IN THE WHITE HOUSE. BILL
March 3rd, 2008 at 4:18 pm
I don’t know what this bad economy talk is about, the 80 year old guy waited on me walgreens at 2 am last night said with a job and Social security he could eat and pay taxes on his house been paid off 20 years.
dd
March 3rd, 2008 at 5:26 pm
The crash of the US economy has begun. Although the reasons for the now-accelerating economic fiasco have been in place for decades.
The murder weapons used to kill the economy are “free trade,” outsourcing, illegal immigration, special work visa programs, and unrestrained government spending, which have all contributed to the death of what was just a few decades ago the economic powerhouse of the world.The balance of trade between most of our trading partners in this so called system of “free trade” is completely lopsided. For instance, the flood of products which are imported to the US just from China alone, in contrast to US exports to China, has created a trade deficit in the trillions of dollars. This sort of one-way trade is unsustainable, and if nothing drastic is done to address this situation, America’s economy will be reduced to that of a third world country.The first indicators of economic collapse have already manifested themselves in the housing industry, and the big three American auto makers. Teetering on bankruptcy, they will be the first of the large economic dominos to fall, and the rest will follow in short order. As a consequence, something on the scale of another Great Depression has been scammed big-time over the years. The corporate wheelers and dealers, with the complicity of their bought and paid for political whores in Washington, have sold the American working man down the river, and the general welfare of the entire country as well.
March 3rd, 2008 at 6:50 pm
Cpl. Cadaver,
Just sayin your name gave me a good chuckle, no offense.
March 3rd, 2008 at 8:21 pm
My boss, Sgt. Skull likes it too!
http://www.freewebs.com/sgtskull173/index.htm
March 3rd, 2008 at 9:02 pm
looks like we will be eating lots of canned chicken soup and road kill
March 3rd, 2008 at 10:26 pm
Since corporations keep an un-needed pile of wealth, what if we spread out all existing money held by corporations in excess equally? How many billions or trillions do you need to run a company? Probably 500mil-1bil a year depending on the company.
Better yet, I’m all for destroying money altogether, globally. God gave the earth to us all, who are we to make up wealth…. and regulate wealth. Imagine what we could do without it, Gene Roddenberry hit the nail on the head, we would be in space ships transversing the universe, creating something.
March 3rd, 2008 at 10:36 pm
Elites don’t fancy manual labor.
1,000,000 in 1913 = 100,000,000 in 2008 (conservative estimate)
Don’t be fooled, these big banks don’t loose a dime. They can print more money for themselves. It’s a racket to stir the brainwashed public into a panic mode. Banks have been issuing virtual credit and snowballing it gradually since 1913, but until recently its slipped off its precipice into a seemingly bottomless pit. My understanding is that there is far more outstanding credit and its derivatives than all the people of the Earth can ever pay them back in thousands of generations. Its designed never to be paid back. There isn’t enough printed money to cover even a small fraction. Look at the Fed monetary indexes.
The current racket, like the 1929 crash is to destroy our wealth and then consolidate it when it hits that bottom at “pennies on the dollar” and issue us the sparkling new “amero” so we can forgive them for their sins and kiss their pointy red tails.
This problem is a grim one.
One solution requires everyone in the part of the establishment to look into their hearts and choose liberty over greed, posterity over petty selfishness, truth over propaganda and act accordingly, especially the media industry. Because as I see it the good outnumber the bad at least a 1,000,000 to 1. So choose wisely, police and military personnel especially. Blackwater, your 100,000 paycheck, when all is said and done will also be worth pennies on the dollar by the time “amero” kicks in.
Remember, Elites don’t fancy manual labor, including indirect homo/genocide.
March 3rd, 2008 at 11:56 pm
The US can take it longer than the rest of the world.
So much for “decoupling” the US from the world economy.
The only thing causing this is the freak show and the wars here.
As soon as the freaks that run the world want the US to recover (to prevent the rest of world from suffering) the wars will stop for awhile, oil will get a little cheaper and interest rates will rise.
http://tinyurl.com/ymcxyg
March 4th, 2008 at 1:11 am
root man
The elite what it to collapes, maybe not so fast but their goal is collapes so they can come in and provide the one world order..out of chaos. The difference this time with the help of many around the world is we now can see what exactly what is going on and we know who they are. They won’t get away with it this time. People are waking up, people are getting very pissed about how fast this is failing. People are aware of 911 doesn’t make sense, open borders, the whole official story doesn’t make any sense, and people are waking up.
March 4th, 2008 at 1:37 am
It’s the economy. Who care about US troopers in Afghanastan and Iraq? Or 3,000 New Yorkers. Americans care about themselves… or we’ll make them…..
March 4th, 2008 at 2:10 am
The script has been flipped now. If you want to stay afloat in the U.S. economy, best get into the export business. Americans don’t have money anymore to buy anything from what used to be called third world countries. Most Americans are just living a hand-to-mouth existence now. The U.S. dollar is dropped like a turd in the toilet and is plunging down further almost daily. I’m now living in the Philippines and the ‘Almighty’ dollar ‘ain’t’ almighty any more!
Two years ago here one U.S. dollar would get you 56 Filipino pesos. Today it’s barely 40 to 1!
It’s not because the Philippine economy is terribly robust, (average) it’s simply that the U.S. dollar is as weak as Dubya is weak as a president. If things continue as they are, the U.S. will be exporting cheap products to the Chinese and others as they historically have sent to America over the last 30 years or so. America is more and more looking like a paper tiger.
It’s karma coming back to bite its ass for all of its bravado and self-righteous claims its made for years, ’superpower’ and all that crap. Really looked like a superpower on 9/11 uh? And wouldn’t you know it the sub-prime ‘brainstorm’ would be created in ’superpower’ the U.S. ?
March 4th, 2008 at 5:42 am
Buy gold, silver, food, and lead…then pray!
March 4th, 2008 at 6:22 am
REPENT OR PERISH!!!!
REPENT OR PERISH MEANS TURN OR BURN.
IF YOU DON’T TURN FROM YOUR SINFUL LIFE YOU WILL BURN IN HELL.
JESUS SAID; EXCEPT YE REPENT, YE SHALL ALSO LIKEWISE PERISH. LUKE 13:3,5
THE BIBLE SAYS; GOD IS NOT WILLING THAT ANY SHOULD PERISH BUT THAT ALL SHOULD COME TO REPENTENCE. II PETER 3:9
THE BIBLE SAYS THAT GOD HAS NO PLEASURE IN THAT THE WICKED PERISH. EZEKIEL 18:32
March 4th, 2008 at 6:38 am
Preacher man! Bow to me for I am the knowledge and the tree of life. You worship gods that are not gods, and a dead human that was never god! Your ignorance and false doctrines are the chains ehat man has bestowed upon you! You will perish in your beliefs! No matter for the B.B.J (baby bastard Jesus) Wasa fictional tale as told by many to offer fasle hope in times of despair! But reflect Human, you will find no works or good deeds of god in your life. your srength use to be within you and now you would sacrifice yoursef for a dead, risen fake god! How pathetic!
At least have the moral decency to stop peddling your verbose. Drag your filth ridden tongue acroos the desert sands. And when you have reached the point of the south wind, and it is still, so shall you be no more!
You are the sinner! your false god condemns you, and with it, are condemned in mind and heart for eternity. So lay down your life for your God, And the Southern Cross will reap it’s vengeance upon all man!
Proverb:2018
The Beetle, the Butterfly, the Scorpion, and the Spider!
March 4th, 2008 at 6:51 am
I always knew “false prophets” spewed nothing but a bunch of rederic, and this proves it.
March 4th, 2008 at 7:12 am
I want all of you to play nice. I have never said all the things you claim I have said. Gezus was never my son, but I liked him anyway. His mom got raped by a Roman soldier and back then that was a hard thing to tell your husband so she said it was the lord. I had nothing to do with that, but seeing that I did not want to be known as a dead beet dad I decieded to send 3 good freinds from the east to give gifts, and told his mother that when he was old enough I would pay for his education. So gezus was 13-15 and I sent him to the east good times then. well once he returned they made up stories about him that were un true then they killed him. Now they made some sort of god out of him and I can’t help to feel that I miss him. He had a great laugh. If the people would ony remember and paint his laugh. To remember what made him so cool, and not so much of the bad. Ijust wish you people didn’t use his death as your symbole of your religion.. I will miss you Gezus and you we’er right they know not what they do. The LORD!!
March 4th, 2008 at 8:41 am
Preacher
FYI all your bible verses say perish, not hell.
March 4th, 2008 at 10:32 am
Lets see, just after 9/11/2001 the nasdaq bottomed out at 1200 from its top line high of 5049. and the dow fell to 7500. Then Alan greenback started the easy money orgy. Gold was at around 252 and Silver was at 4 bucks an ounce. Today gold is at 968 an ounce and silver is over 20 dollars an ounce. Buy low and sell high and watch the 401ks go bye bye. As Ludwig Von Mises would have said ” GET OUT”
March 4th, 2008 at 11:03 am
Hey everyone…there is no new world order…there is no economic crisis…every time the economy goes into a down cycle (which is a part of how the economy works), you doomsday kooks fly off the handle and come up with all sorts of retarded scenarios…
All you tards need to go back to your living rooms, watch football, and worship some clown named jesus, ’cause thats all you’re good for…no NO you can’t change the system…so go back to being good little consumers and worship the corporations (except on sundays worship that fictitious jesus fellow)…go and work hard and make somebody else rich and at the same time defend capitalism!…let the government take almost everything you earn…watch american idle…you good for nothing confused scum
And even if the new world order is coming, it will take hundreds of years at this pace…it won’t happen in my lifetime…so get a life you racist anti-immigrant pathetic bottom feeders…keep worshiping pirate radio and this web site, as if that’s gonna save you…you’re just wasting time…
March 4th, 2008 at 11:21 am
To Hellno2rfid (sic)
You got it right. While the banking bastards are sitting comfortably in their luxurious mansions and eating caviar, we will be foraging through garbage dumps for food. Unless a few of you band together and collectively grow food that is.
What makes this interesting is that the banking bastards have printed up worthless money which is no more that paper that isn’t fit to to be used as toilet paper, and actually convinced people that that wortless paper is better than gold or silver. In that, they have traded that worthless paper they printed up and convinced us to trade that gold for that worthless paper.
Now that you have nothing but debt which you can never pay off.( I have no debt, but then again, I have no home) They laugh at us because they are going to print up more worthless paper and buy up the properties that are being foreclosed on. What a scam.
What really frosts my cookies is that they are laughing because the bodies of our Glorious Imperial Legions are being by vultures in the Iraqistan wastelands in a bid to secure the oil for those same banking bastards.
Hey, if there are two books you should read it is
‘Propaganda’ by Edward Bernays (ask for it through the intra library loan system
and ‘The Hidden Persuaders’ by Vance Packard
March 4th, 2008 at 11:26 am
VIDEO PUPPY DUHH WHERE HAVE YOU BEEN REAL ID CARDS NEXT MONTH NOT 100 YEARS
March 4th, 2008 at 6:54 pm
The federal reserve is a tool used by a select group of bankers based in london who control the economy at will. Now it is there time to carry out the ultimate plan by puting us into a depression
and of course funding a campain like no other for a manchurian canidate to carry out the agenda. Barak H. Obama mentor was Luger(R) and the plan is the millinium act research it and see! video of puppy watch and learn its going to happen in the next four years. Ask me how I know. I dare you.
March 4th, 2008 at 8:33 pm
how do you know
March 5th, 2008 at 6:19 am
Yep the weather front was getting to coarse and didn’t work well enough with the nature which was actually causing more waatt needs and to bad a dispertion to really get some good radio ect ect.
So i dovlyed it up real nice and the shakles now are a tiny bit more considerat after the intial pessiism of those looking for simply calculus solutions..
March 5th, 2008 at 8:50 am
“Well its alright” Even though my 401k is gone
“Well its alright’ Foreclosure sign in my front lawn
“Well its alright w says its just a slowdown
“Well its alright even if the sun don’t shine
I going to the end of the line
March 5th, 2008 at 9:42 am
Owe it shone and the carbon is breathing.
Just because some idiot thief world is ending 2012.
Your world can find anytime you want mate gyroimaticlly.
Its a straight line market it goes up when the world earns it.
O f---ing right the birds belong to the star now after waiting under.
March 5th, 2008 at 8:09 pm
15 % PENALTY for withdrawing $$$$, money from your IRA, ROTH, 401K, deferred comp, etc.
They planned it that way.
So get your MONEY……SUCKER !