Market Crash 2011: It will hit by Christmas

[steve2470]

http://www.marketwatch.com/story/market-crash-2011-it-will-hit-by-christmas-2011-02-22

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich.

We want to believe they’re telling us the truth. Silly, huh? Both trapped in this eternal “dance of death” controlled by programs hidden deep in our brains, telling us what to do, telling us to ignore facts to the contrary — till it’s too late, till a new crisis crushes all of us.

Psychology offers us a powerful lesson: Our collective brain is destined to trigger a crash before Christmas 2011. Why? We’re gullible, keep searching for a truth-teller in a world of liars. And they’re so clever, we let them manipulate us into acting against our best interests.

In fact, behavioral science tells us that bankers and politicians are lying to us 93% of the time. It’s 13 times more likely Wall Street is telling you a lie than the truth. That’s why they win. Why we lose. Because our brains are preprogrammed to cooperate in their con game. Yes, we believe most of their lies.

[Skip_In_Boulder]

1. Yep, this is the meme revered by Teabaggers that will destroy us.

[bvar22]

2. It is inevitable....only a matter of when...and THAT is only a matter of....

...how long our One Party Government can keep pumping money into the bubble.
Dumping Social Security into the Market will keep it alive long enough for one more Smash & Grab by the insiders, and one more Bailout to pay their Bonuses.


The Democratic Party failed to impose any effective regulation, oversight, or fundamental changes to the "Too Big to Fail" system that will prevent another occurrence when they had the power to do so. Even those who wrote the pathetically ineffective bill admit that it won't prevent another collapse and subsequent tax payer Bailout.

If nothing changes, nothing changes.

[FSogol]

3. The sky is falling!

:eyes:

[LibertyLover]

4. Well, it won't matter because according to some fundy preacher

from California, Judgement Day is scheduled for May 21st, 2011 and the end of the world is supposed to be in October, so it's ok if Wall Street crashes at the end of the year. :evilgrin:

[Denninmi]

5. Well, then, only ONE thing left to do...

Party like it's 1999!

:party:

[SoCalDem]

7. I'd rather party like it's 1969

:evilgrin:

we had a LOT more fun back then...and with a LOT less interference from all the do-gooder nanny-types:)

[alterfurz]

8. I'm ready to party like it's 1789

[adigal]

6. I think Wall Street will be fine - it's Main Street that is dying

and will continue to die.

[Angry Dragon]

10. I think if Main street dies then Wall Street dies

People will start cashing in their savings and stocks very fast
Brokers will not have any customers and more will be out in the street

[Godhumor]

9. Well, at least he didn't predict a 2011 crash by Dec 31st, 2011

He gave himself 6 days where he could be wrong.