zanelle

zanelle
Location
Alpine, California, United States
Birthday
December 07
Bio
I am here in cyberspace trying to understand the true nature of reality. My artwork can be seen in the blog link below. http://suzannesmith0.wix.com/stucco-by-zanelle#!home/mainPage

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NOVEMBER 11, 2012 4:58PM

Could Wall Street Collapse?

Rate: 4 Flag

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   There are some scary videos starting to go around that are saying the wall street collapse is coming soon.  The graphs look horrible.  I think there are people out there who want to see it happen.  They want to show that this new modern way of doing business wont work.  They want to make Obama look bad.

  So what is the best way to prepare.  All of a sudden stocks and bonds look like a pretty old fashioned way to save money.  I would go for dollar bills under the mattress myself.   I think if people got desperate there would still be some hope for awhile that the dollar would again mean something so if you had some I bet you could get some traded for food and fuel.  

   What does it mean for wall street to collapse?  Is it the rich people jumping out of windows like in the 1930's?   Or will the big corporations just go on feeding the lines of survival and forget about investments?   I had always hoped not to see the day when things got bad.

   How bad could it get and how good?   I think to every doomsday scenario there is an alternative path to the future.  We could really start making some serious money in the next decade.  It is fun to make money and I think the younger generations have their own way of doing that and it looks hopeful.  

  So I am not packing my tent yet or hoarding fuel but I am wondering about stocks and bonds and bank accounts.   I do not trust financial advisors but I love the tax lady.  People give money advice all the time but in the end it is who has the food when the power goes out.

  Snapshot_001

 

 

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A Wall Street collapse would be the best thing that can ever happen to this country's economy. Ask any decent economist. Also, if this happens, I might start to believe in God. Excellent post, Zanelle. R
you need what is called a mixed portfolio: canned and dried foods, that keep for a long time, and a military automatic weapon.

the government is doing what every government does: diluting the currency to cheat creditors. this works for a little while, but eventually the army demands to be paid in food stuffs, and foreign creditors demand land. suddenly one day it all falls apart. then your mixed portfolio will keep you going awhile longer.
When I first read the title I thought you meant -literally- since most of the Wall Street area is on a landfill. I think that this storm has shown us easterners where the real power is in an apocalypse. Anything can happen!
"Who has the food when the power goes out." There's a memorable phrase. Was it the philosopher Sandy who reminded us of this?

Meanwhile, I remain skeptical of the apocalyptic scenarios that come at us from all directions these days, and very hopeful about the creative and visionary potential of our young people, who are more connected to each other around the world than ever before, brimming with intelligence, and good-willed for the most part.
Wall Street has already collapsed. It's being kept alive by draining money out of the middle class through various ways, mostly commodity manipulation. At least one dollar of every gas pumped goes to investment banks to keep their derivative gambling alive.

It's unsustainable and it's known to be unsustainable but the powers that be would rather kick the can down the road than face that day of reckoning by cutting them off. Also, they know that most people don't believe a nightmare scenario is possible unless it happens. Just ask all the suckers who built on the east coast on properties that should never have been developed. Denial is treason.
Wall Street has already collapsed. It's being kept alive by draining money out of the middle class through various ways, mostly commodity manipulation. At least one dollar of every gas pumped goes to investment banks to keep their derivative gambling alive.

It's unsustainable and it's known to be unsustainable but the powers that be would rather kick the can down the road than face that day of reckoning by cutting them off. Also, they know that most people don't believe a nightmare scenario is possible unless it happens. Just ask all the suckers who built on the east coast on properties that should never have been developed. Denial is treason.