*The following lays out the sequence of the events following the 1929 stock market crash.
Phase 1
"A flight from questionable securities into strong securities." This occurred during the initial stock market crash in 1929. The stock market recovered 50% of its losses into April 1930. Then as the bear market resumed, all securities, except for the gold shares, were sold regardless of quality. Following the stock market peak in October 2007, this flight from questionable securities into strong securities gathered momentum into November 2008. Following a probable stock market partial recovery into April 2009, all securities, except for gold shares, will likely be sold, as the bear market resumes with a vengeance.
Phase 2
"An intense liquidation of inventories and commodities" Then, 1930-1933; now, starting in July 2008 and continuing into a deflationary bottom, perhaps by 2012.
Phase 3
"The liquidation of commercial real estate, houses and farms, both through foreclosures and sacrifice sales at a fraction of prior values." Then-1930-1939; now, houses-starting in July 2007; commercial real estate just beginning; and farms to follow.
Phase 4
"The flight from banks into cash and gold (which ultimately caused the whole US banking system to collapse.)"-Then-1930-1933; now, mid-2008, perhaps until mid-2009; by which time US T-Bills are likely to become suspect monetary investments, which would make gold the ultimate store of value.
Phase 5
"The flight from the dollar to gold."-Then, October 1931-March 1933. In 1933, President Roosevelt stopped the flight to gold by suspending gold convertibility for the dollar and confiscating all privately held gold. Thereafter, the only way Americans could own gold was by investing in gold company shares. Nevertheless, the value of Homestake Mining shares had already tripled prior to the confiscation. This 5th stage is still pending, awaiting the demise of the dollar.
The Long Depression will last until 2020
Kondratieff Cycle-Side Bar
I really don't trust the teabaggers, but there is no doubt sincere people involved. I avoid all org./movements, as for decades they have all eventually failed as third parties also have. There are "bad guys" in all patriot groups to subvert, neutralize the movements. This country is finished and nothing will bring it back the way it was. Laura
ReplyDeleteLaura, you are right about one thing, our Country is finished! The reason is, we do not love Jesus. We do not follow Gods 10 Commandments. Take a good look at Abortion. We have killed millions of innocent babies! We have drugs and porn out of control! And we have the nerve to say God bless America! If we stop all this madness, and turn back to God, he will heal or land. We need to stop all the hateful words. We need to love one another. If we turn back to Jesus, we will not need a bail out.
ReplyDeletewill jesus give us millions of jobs, will jesus end the fed, will jesus end the wars, will jesus get the crooks out of the government and wall st, if the answer is not yes to all of these, jesus has no power at all, it is all in your mind.
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Wow.
this Jesus talk is why I suspect the Tea Party movement will run into problems. Some supporters of this movement are diametrically opposed to the christian right and vice versa. So there will be an internal war between factions of teapartiers.
good luck
Speaking of wave theories:
ReplyDeleteMartin Armstrong – Forced to Move to a High Security Prison to Silence Him?
http://economicedge.blogspot.com/2009/11/martin-armstong-forced-to-move-to-high.html
Jesus? I prefer Santa or the Easter Bunny (at least he gives me chocolate).
ReplyDelete9:44 you said it there buddy! No need for one of my Jesus is a myth diatribes. Keep it simple.
ReplyDeleteNotice how these antichrist types are always fat slovenly types that you just KNOW will burn in hell.
ReplyDeleteAlways fat? And just how do you determine that? I guess it's almost as bad as saying anyone who doesn't read the bible are crazy illuminati demons.
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