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To: Canuck Dave who wrote (138970)12/11/2008 10:23:05 PM
From: koan  Respond to of 313017
 
And I saw it clearly, the first tranche down to 12,000 on the dow.

No one saw the failure of all banks and auto companies and a complete freeze up of the world fianacial markets, the dow going down to 7500; and the extent of the deflationary depression.

This is totally unprecedented. I am not sure most people get it today yet. we have no unfreezing of markets and the world is still collapsing with no end in sght.

I feel I can see worldwide currency destruction as countries have no choice. No one is going to accept economic collpase without trying to do something like reinflating.