http://money.cnn.com/2008/09/17/markets/markets_newyork/index.htm?eref=rss_topstories
Stocks plunge on credit fears
Dow slumps around 270 points as the government bailout of AIG adds to fears about the stability of the financial markets. WaMu, Goldman and Morgan Stanley all tumble.

It's as I have said continually, if the government goes ahead and continues these bailouts. It will be like pouring gasoline on an already raging fire. It's hard for me to understand or to fathom how absolutely selfish and arrogant. Most of you in the financial market can be to the point where you would rather lose billions and billions of dollars than ever admit that I actually might know more about the financial markets then you do. But, as I have continually said, I do know more about financial economics than most of you. And the reason I continue to say that, is because if any of you really knew what you were doing than none of these major problems would exist. But these problems are existing which means most of you are either not paying attention or are taking pride in how stupid you can behave.

As I said before, within 150 days from today's date, the United States market will lose approximately $500 billion up to $1 trillion. That loss will then escalate and cause a huge loss during the first quarter of 2009, to the level of $200 trillion up to $500 trillion. And those losses will then move one third of all the millionaires in the United States with an aggregate asset value of $10 million or less, to be either on the verge of bankruptcy or bankrupt.

This is of course happening because Mr. Bush and the Republicans are behaving so irresponsibly that what they're doing is they're promising to pay out hundreds of trillions of dollars when the federal government is basically not only broke buddy in debt to the tune of $460 billion. So this basically means the federal government has to go and borrow money every single morning just to pay the bills. And for any of you to sit there and say that Mr. Bush is doing a good job with the Republicans are doing a good job of managing the financial condition of the United States, is to then by your own actions, for you to subsequently say, that in your own companies, you want to hire accountants and financial managers, who will cost you as much money as possible, ruin your business, and drive you into total bankruptcy and ruin. Because that is what the Republicans and Mr. Bush of done.

So now the choice becomes quite simple. How honest, are you going to be with yourselves. And with humanity, regarding these extremely terrible and horrible situations that are taking place? As I said before, if you don't read the Kondratieff wave. You're going to really suffer much more financial loss than you already have.

I don't want to be on the WordPress blog service. I don't want to be on any of the other blog services either. I like live Journal. Not only do I like it because I paid for the service and pay for the space here. But I also like live Journal, because it gives me the ability very easily to make my Journal post either public or friends only or private. And while LiveJournal may not be the biggest blog service on the Internet or the one that is the most read, it is one of the safest blog services around. And for that reason, I will stay right here.

Additionally, I do not have comments open to the general public not because I want to be unfriendly. I have limited the comments only to friends of my Journal specifically because I do not want to engage in all sorts of negative oriented debate about the pontifications I make in my own journal. My feelings and how I perceive the world are not up for debate. This is my Journal. And as my Journal these writings comprise my perceptions in my view of the world in my views of the world. And how I feel about the world I am part of and witnessing taking place in my life. These things are not up for debate. I am open to discussing some of these things, but I'm not open to debating. And always, in the past, when I have opened a my comments to the general public, the general mood of the general public has been to attack me. I've had a lifetime of being attacked I don't need any more of it. Additionally, as I said before. There's not much that any of you are going to be able to tell me about almost anything. Not only do I read faster than almost any of you. But I remember more. My brain happens to be better just as a result of the different situations I lived through. And my experience is way beyond what most of you will ever have in your own lives. Or it so there is very little that any of you will be able to tell me ever.

And I don't mean to be arrogant with this position, but I really don't have a lot of time to coddle any of you or to placate you into feeling better about your own lives. When you are the ones out there being able to live your life and I'm not.

So as I said before, the Kondratieff wave will in fact take place. That is what is going on right now. For any of you not to pay attention to this very certifiable fact as a result of recent events, is to certify your own stupidity, or your own ignorance, regarding the financial conditions that are currently taking place in the global markets. The only other source that you can read and turn to in order to be able to learn more than what you are already learning is going to be Vance Packard. Vance Packard was a cultural and economic anthropologists during the 1960s. He greatly explains a lot of the dynamics that are going on right now regarding the financial condition of the United States.

You really need to either read one of these two sources in order to be able to have a better handle on what is going on. And there is a link on my blog here to the Kondratieff wave. I would suggest that any of you who are very serious about understanding the market. And what's happening, read the Kondratieff wave.

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