From the original: A man names Walter Zimmerman of United I-Cap Analytics says the combined simultaneous collapsing markets (stock/bond, real estate, and commodities) have served to throw us into Depression territory. We have crossed the threshold, even if you won’t hear anything about it from the media or the powers that be. The stimulus and omnibus spending doesn't help matters here, and expansions of government spending is just getting started.
That was the first warning bell. The second was sounded on CNBC today when a Kevin Ferry of Cronus Futures Management (video link from CNBC doesn't have the "Flush Day" discussion-it has the TITLE, but not the actual discussion) spoke about Flush Day. To him, Flush Day is when the stock market, bond market, and commodities (except gold) all simultaneously sink into irretrievable territory (isn't that pretty much the same thing Walter Zimmerman said?). This is happening now.
One more strike and we're out, boys and girls. We're likely to stay that way for the remainder of Obama's term in office--especially the way he's organizing his community of have-not slaves for Uncle Sam's Plantation.
The e-mail someone recently sent to the White House showing a watermelon patch in the front lawn (on TV) with an announcement of a cancellation of the Easter Egg Hunt was more accurate than anybody knows, yet nobody seems to be able to get past the racial stereotype to see the deeper meaning.
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