Depression 2008-2009?

Dan Hamblin

The stock market is a rollercoaster that I am glad I am not riding on. Last week Bush signed off on the bailout deal to help ease tension in a market that is ready to collapse at any moment. Even after signing that bill today (10/06/2008) the market experienced its largest ever one day loss. At one point today the market had gone down 800 points. This bringing the DOW down to the 9000 range, an area the market has not seen since 2004.
People what we are witnessing here is the economic fall of the United States, but it's going even farther than that, now it's global with China, Japan and even Europe feeling the tension. The credit market has dried up almost completely; it is nearly impossible to get a loan now and if you do the interest rates are horrible. Around the world we have people looking to leave the larger cities and going so far as to move to farm land areas so they can grow their own foods. We have a food shortage like never before and prices on everything we buy are astronomical. Many predict a full blown depression by the first of 2009 if not before then. The only things that are increasing in values seem to be silver and gold. We have major banks that are failing like never before as well.
Now is the time to save anything you can because there will be a time very soon when you will need it. Now is the time that if you have money in the markets cash it in and get out, there are many out there that think they can ride it out. This depression will be different that the previous ones, when this on is over, it will be a whole new world. Look for a new "global market" that will merge all markets together as one, the plans are in the early stages now, just ask Nicholas Sarkozy. He wants to host a summit for a one world financial system.
Watch the markets and the way of the world today, it's a precursor to even bigger events that are beginning to unfold. These are very interesting times we live in and they are only getting worse.