Bob Chapman and CGN Owner Ted Anderson: Dow Bloodbath Could Herald Great Depression (Part 1)
Part 2
Part 3
CNBC Stock Market Closing Bell (Part 1)
Part 2
Part 3
Yesterday as Congress was on recess and President Obama was having a huge birthday bash, the Dow had plunged to 512 points, which was the worst drop since the massive global sell-off in 2008. Economists have predicted this could help trigger a double-dip recesson or a second recession. I'm not certain that we ever climbed out of the first recession. The media reported last summer that the United States climbed out of the recession (that began in late 2007) in the summer of 2009. Whether that's true or not I can't say for certain. I can't automatically trust the news media on jobs reports because the media is a propaganda arm of the federal government. I know the debt ceiling deal that was reached earlier this week is a scam and the markets aren't reacting very well to that. The reason being is because they don't believe Congress did what they could do to reduce the deficit. Since Congress voted to raise the debt ceiling to another 2.5 trillion, we're just burying ourselves deeper and deeper into debt. President Obama and his cronies are doing everything they can to destroy capitalism in this country. I have posted a link above from Newsmax about the Dow dropping 512 points. I have also posted YouTube videos from Alex Jones and CNBC discussing the imploding stock market.
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