Holy shit, Batman...! The Dow is at 6763.29...! Will we be taking to the streets...?

good... the fall of the house of cards may be picking up some steam...

In the United States, the Dow Jones industrial average fell below 7,000 for the first time since 1997 as investors reacted to reports that construction and industrial activity had continued to decline and to a $61.7 billion loss posted by the insurance giant, the American International Group. It was the largest quarterly loss ever for a company.

In Britain, the major stock market index lost 5.3 percent, and the performance of the major Italian index was worse, declining 6 percent. With the dollar also gaining, the losses were even greater for international investors in those markets.

In the United States, the Dow fell 299.64 points, or 4.24 percent, to 6,763.29, while the Standard & Poor’s 500-stock index fell 34.27 points, or 4.66 percent, to 700.82. The Nasdaq composite ended 54.99 points, or 3.99 percent, lower, at 1,322.85.

Crude oil settled at $40.15 a barrel, down $4.61.

“It’s pretty despondent everywhere,” said Dwyfor Evans, a strategist at State Street Global Markets in Hong Kong. “O.K., there are signs that some of the leading indicators have stabilized to some extent, but it’s at a very, very low level, and we’re not seeing corporate investment picking up, or consumers starting to spend again — in other words, the traditional mechanisms by which economies come out of a recession are absent at this time.”

Hopes that the American economy, which led the world into recession, might lead it back out this year have been fading.

get a clue, people... our money-grubbing, super-rich, power-mad overlords have led us to this pretty pass, and now, in their endlessly, shamelessly, 100% self-serving, totally predictable, inimitable style, are trying to vacuum the last bit of our collective wealth into their bottomless money pits by suckering the entire world into continuing to throw money at them, all in the name of keeping THEIR status quo afloat...

tim and jim, in their comments on the previous post, are toying with the idea of taking to the streets... that's certainly an understandable reaction at this point, but with the military at the disposal of the elites to "quell domestic disturbances," we all need to realize that the simon legrees* who call the shots aren't going down without a bloody fight...

and, in case anyone doubts that, read this february 16th piece from chris hedges...

The specter of social unrest was raised at the U.S. Army War College in November in a monograph [click on Policypointers’ pdf link to see the report] titled “Known Unknowns: Unconventional ‘Strategic Shocks’ in Defense Strategy Development.” The military must be prepared, the document warned, for a “violent, strategic dislocation inside the United States,” which could be provoked by “unforeseen economic collapse,” “purposeful domestic resistance,” “pervasive public health emergencies” or “loss of functioning political and legal order.” The “widespread civil violence,” the document said, “would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.”

“An American government and defense establishment lulled into complacency by a long-secure domestic order would be forced to rapidly divest some or most external security commitments in order to address rapidly expanding human insecurity at home,” it went on.

“Under the most extreme circumstances, this might include use of military force against hostile groups inside the United States. Further, DoD [the Department of Defense] would be, by necessity, an essential enabling hub for the continuity of political authority in a multi-state or nationwide civil conflict or disturbance,” the document read.

In plain English, something bureaucrats and the military seem incapable of employing, this translates into the imposition of martial law and a de facto government being run out of the Department of Defense. They are considering it. So should you.

i just want the bastards relieved of their command over us and the house of cards to finish collapsing so we can get on with re-building our world the way it's supposed to be, with dignity, respect, love, peace, and abundance for all... we're way, way overdue...

* Simon Le·gree (lə grē′)

noun

1. the villainous slave overseer in H. B. Stowe's Uncle Tom's Cabin
2. any cruel taskmaster

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