"The Global Financial System is Coming to an End "

[Odin2005]

OMFG... :scared:

http://www.marketoracle.co.uk/Article7432.html

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As we predicted publically in early 2007—Obama has been elected. This was been predetermined by history and chronicled in brilliant detail in The Fourth Turning by Strauss and Howe. Now, the die is cast and we have elected to the highest office in the U.S. an individual that will try to clean up the major mess we are in. Rather than Commander in Chief, he will be forced to assume the role of Janitor in Chief. We are facing a depression that will rival that of the Great Depression of the 1920's and may more closely resemble the Greater Depression of 1873.

There are going to be stock market rallies within this bear market, and that will be the time for those still holding and hoping to get out before the bear really begins to claw in 2009.

Before this secular Bear Market is over, we are going to new lows in all indices, more than 3500 banks will close, unemployment will surge, there will be violence in the streets and people will kill you to get what you have. Every one of the 17 macro factors detailed in The Big Rollover is converging and coming to fruition. Sorry—but this is what we see in the future. Could we be wrong? Of course. No one has a crystal ball that can see beyond the hard right edge of the charts. No one can tell the future with complete accuracy. All we have are our many years of research and the fact that everyone has now begun to see, hear and feel the power of The Big Rollover.

This is what we are giving to our children and their children. This is why we need to apologize to them, and apologize profusely because they will be paying for our mistakes for the rest of their lives. I have enormous compassion for these young people who will be the victims of the privatization of profits and the socialization of losses. Just as we have allowed our elected officials to loot us, we have looted our children and their children.
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[Warren DeMontague]

1. "Dr Janice Dorn" seems to think Barney Frank is responsible for the stock market going down.

Sorry, she sounds like a major fucking fruitcake. Things are bad enough without the perpetual motion machine crowd crowing about "I told you so, now get into my e-meter so I can align your spirit aura"

Oh, and what the fuck is a "Quantum supercycle"?

[Dogmudgeon]

2. More about "Doctor" Dorn

From the website:

Dr. Janice Dorn is a graduate of the Albert Einstein College of Medicine, where she received her Ph.D. in Neuroanatomy. She did her postdoctoral work in Neurophysiology at the New York Medical College. She received her M.D. from La Universidad Autonoma de Ciudad Juarez, did one year of clinical clerkships in Phoenix, Arizona. and then completed a Neurology Internship at The University of New Mexico in Albuquerque. For the past twelve years, Dr. Dorn has focused her attention on trading, mentoring and commentary in the financial markets, with emphasis on Behavioral NeuroFinance, Mass NeuroPsychology, Trading NeuroPsychology, Futurism and Life Extension. A graduate of Coach University, she is a full time futures trader and trading coach. Dr. Dorn is the author of over 300 publications, relating to Trading and Investing Neurouropsychology, Market Mass Neuropsychology, Behavioral Neurofinance, and Holistic Wellness and Longevity.

A quack with sheepskin. Not as rare as it seems.

--p!

[Truth2Tell]

6. Neurofinance

:rofl:

[codjh9]

11. 'Behavioral Neurofinance'.

:wtf: :rofl:

[Hannah Bell]

3. "chronicled in brilliant detail in The Fourth Turning" huh? They predicted obama?

"we have looted our children and their children."

huh? who is this "we"?

I've looted no one. Let's be more specific, shall we?

Elements within the US gov't & corporate milieu have looted us, our kids, & the peoples of the world generally. As have similar elements in other countries.

[Earth_First]

13. That is exactly what I intended to reply...

I didn't loot a fucking thing.

98.99% of us didn't loot a fucking thing.

So who is this collective "we" that the author speaks of...?

[WCGreen]

4. Well, he didn't get the date straight for the Great Depression.

Perhaps he was referring to all the people who were depressed about Prohibition in the 1920's.

The Depression didn't hit full force until 1930-31...

[pork medley]

5. About the author...

"For the past twelve years, Dr. Dorn has focused her attention on trading, mentoring and commentary in the financial markets, with emphasis on Behavioral NeuroFinance, Mass NeuroPsychology, Trading NeuroPsychology, Futurism and Life Extension. A graduate of Coach University, she is a full time futures trader and trading coach. Dr. Dorn is the author of over 300 publications, relating to Trading and Investing Neurouropsychology, Market Mass Neuropsychology, Behavioral Neurofinance, and Holistic Wellness and Longevity"

[safeinOhio]

7. How does that make you feel?

Oh, I see our hour is up. We'll see you next week.
Investing Neurouropsychology, Market Mass Neuropsychology, Behavioral Neurofinance, and Holistic Wellness and Longevity"

[Odin2005]

9. DOH, I didn't realize the author was such a quack.

:spank:

[HereSince1628]

8. The authors don't seem to get the Great Depression in the right decade

That undermines their credibility pretty quickly. This just seems like more adolescent Apocalyptophily. Teenagers love to foresee doom; they also believe in weird shit like immortal vampires.

[MrScorpio]

10. Anything about dogs and cats sleeping together?

You know, real wrath of God stuff

[davidthegnome]

12. That does it, I'm locking my money up somewhere

I've got a red jar with pennies in it next to my bed, probably worth eight bucks. No one is taking what's mine man, I'm going to steal a safe somewhere and put my jar in it.

It would be ridiculous to let these people scare us. We've faced the idiocy and pain of the last eight years... depression or no depression, we'll manage. All this fear mongering doesn't help though.