The pattern seems to be that if it looses real big, there will be a bounce or attempted bounce the next day and then down again the day after that. If it looses under 1000 points its down against the next day with no bounce.
In 1929 it took months for it to finish crashing at -90%. I think it will be a little faster this time but it will still correct with a -80 or -90%.
Fiat currency crash is coming soon after all the bankruptcies of course.
How long is it going to take before corporations and financial institutions start to file for bankruptcy? I think within 3 weeks.
How long until the US government files for bankruptcy? Between November 2020 and January 2021.
How long before we get a US Treasury issuance of a new currency to compete and give relief from Reserve notes? Between now and Nov 2020. A currency associated with no debt, no interest attached backed by the physical assets and labor value of the country.
Not trying to rub it in or anything like that. There is still time to get ready, you can still go out and buy stuff. There might be a time when there are shortages of things or you cannot travel. There is time to prepare but not much, maybe a week..
WDFW X 1 = 0
My Area code makes me cooler than you
Registered: 01/27/15
Posts: 4565
Yup Trump spit that virus right out of his China Tariffs.
An amazing mutation. A first. A great great mutation. Greatest mutation made by a group of the greatest people. Strong and intelligent people. Will the Dems tried to make this about politics. Trump was spitting out a virus while visiting a great wet market. The greatest wet market.
Sky-Guy The Tide changed
Registered: 08/31/00
Posts: 7083
Loc: Everett
Rich is right on this one.
Just this morning, The fed just injected a Trillion dollars with a big T to help keep banks solvent. On top of 100B, 200B, and 500B daily repo's. Did it work? go look at the DJIA, and around 1PM ET it happened, the markets shot up, but only 1500 or so points, then level off in a downward trend again
Put a fork in it, this charade is over!
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You know something bad is going to happen when you hear..."Hey, hold my beer and watch this"
Todd
Dick Nipples
Registered: 03/08/99
Posts: 27838
Loc: Seattle, Washington USA
Those giant influxes of cash barely registered as bumps at all.
Our economic policy is built on massive debt, and without continual and grossly overexpensive service of that debt, the whole house of cards blows over. It's been coming for decades, but all of those "capitalists" call anyone who predicts it and calls for changes before it implodes "socialists"...so here we are.
The only product the US has really produced for a long time is interest payments.
Outside of that we mostly have places to eat lunch.
The house of cards is so tall, and so fragile, that anything that can't be bought or sold and is disruptive can knock it right over...and that's why pretending a pandemic doesn't exist, and then treating it like an economic problem, can be that thing.
Todd thought Rich was out running him in the economic illiteracy race so he Smashed the NOS button and passed him like he was standing still. Go horsey!
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NickD90
Shooting Instructor for hire
Registered: 10/26/10
Posts: 7204
Loc: Snohomish, WA
Originally Posted By: Million$bonus
Todd thought Rich was out running him in the economic illiteracy race so he Smashed the NOS button and passed him like he was standing still. Go horsey!
And just who the fvck are you?
Fresh meat registered last year and only has one post. Doesn't compute.
INFILTRATOR!!!
GET HIM!!!
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“If the military were fighting for our freedom, they would be storming Capitol Hill”. – FleaFlickr02
Todd thought Rich was out running him in the economic illiteracy race so he Smashed the NOS button and passed him like he was standing still. Go horsey!
About 8pm last night the FED direct injected 1.5 trillion into the US stock futures market. The futures market was -818 when they did it and it immediately jumped to +650. The market is getting close to going negative again already so that lasted a few hours before it was eaten by the house.
This cannot be stopped, we are seeing an end to the industrial age, its like somebody jammed a rod into the gears of a machine and broke it all to hell.
What is interesting is the desperation by the FED, I am watching in real time, the market wants to dive negative and right when its about to go the FED injects a couple hundred billion to get it +350 and immediately it starts going to zero again.
How much money will they have to print to stabilize things and bail out industry/banks? It will be hundreds of trillions for sure.
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