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January 21, 2008

Bloody Tuesday? Global Markets See Worst Day since 9/11.. US to Follow?

By Rob Kall

Will presidential primary candidates deal with the REAL news that is happening as the worthless, corpstream MSM media almost ignore it. Today, global markets saw their worst day since 9/11. NINE ELEVEN!. And we hear about minutiae about the Florida Primary, about Rudy Giuliani's failing campaign. Wake Up America!! We are in dire economic danger.

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Will presidential primary candidates deal with the REAL news that is happening as the worthless, corpstream MSM media almost ignore it. Today, global markets saw their worst day since 9/11. NINE ELEVEN!. And we hear about minutiae about the Florida Primary, about Rudy Giuliani's failing campaign. Wake Up America!! We are in dire economic danger.

On Sunday, the business headline in my local daily, the Philadelphia Inquirer, reported "DOw's Worst January Ever."

Today, markets plummetted all around the world. Over $120 billion of equity vanished into thin air in one day in England, $480 billion in Europe. Poof, gone!! And that doesn't include Additional markets in France, Germany, India, Asia all dropped about 7% the financial times reported. "The worst single day for global equity markets since the terrorist attacks of September 11 2001."

They don't add up the numbers, but it is likely that over a trillion dollars in equity , disappeared. Tomorrow, Tuesday, American investors will respond to this calamity.

Will the DOW and NASDAQ echo the disaster in the UK and elsewhere around the world?

It is likely that fear will rule and the bears will run amok. EXpect a very bad day.

Reuters reports "Dow Jones industrial average futures DJc1 dropped 546 points or 4.5 percent. Should the Dow close lower on Tuesday by the amount the futures suggest, it would rank as the fourth-largest point loss ever for the index."

This has been coming and it is just the first wave.

The USA's economy is caving in. The war in Iraq has pulled real money out of the US and now, we face, due to criminally bad leadership and decision making, days, months and years to come of hardship that have not been seen in decades.

Fear has been breeding in America and it could explode tomorrow.

Experts are talking about the need to convert stock holdings to commodoties-- particularly gold.

They're talking about taking money out of money market accounts. Don't be surprised to see lines at your bank tomorrow.

I hope I'm over-reacting.

Meanwhile, the democratic candidates are talking about simple tax cuts. It's not like I expect them to voice simple solutions. But they should be saying that the economy is in very big trouble. Within the first five minutes of the debate, Clinton, Edwards and Obama should have all brought up the international market crash that happened today. They didn't.

If they're going to win the elections, come November, they must grapple with this monster head on. They must put the light on it and tie it to the Iraq war and the hundreds of billions of dollars that have been siphoned out of the US economy.

The solution to the economic disaster we face is to stop the war immediately, get out, get our troops home and then pour even more than we were spending in Iraq to build America-- developing big projects, which hire millions of people.

Obama says, in the debate, "We could be sliding into an extraordinary recession unless we stimulate the economy immediately."

Well, yes. But the tax rebates won't do it. People have already said they'll sock it away or pay bills. Only 17 said they'd just spend it. Want to get out $150 million? Then you'll have to give out close to a trillion in tax rebates.

Hillary finally mentions the global market disaster that happened today. She talks about hiring people to move towards a green economy. I have to give her credit. Obama and Edwards had their chance and they didn't say anything. Clinton was on it first.

Authors Bio:

Rob Kall is an award winning journalist, inventor, software architect,
connector and visionary. His work and his writing have been featured in the New York Times, the Wall Street Journal, CNN, ABC, the HuffingtonPost, Success, Discover and other media.


Check out his platform at RobKall.com


He is the author of The Bottom-up Revolution; Mastering the Emerging World of Connectivity


He's given talks and workshops to Fortune
500 execs and national medical and psychological organizations, and pioneered
first-of-their-kind conferences in Positive Psychology, Brain Science and
Story. He hosts some of the world's smartest, most interesting and powerful
people on his Bottom Up Radio Show,
and founded and publishes one of the top Google- ranked progressive news and
opinion sites, OpEdNews.com


more detailed bio:


Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the first of their kind. Then, when he found the process of raising people's consciousness and empowering them to take more control of their lives one person at a time was too slow, he founded Opednews.com-- which has been the top search result on Google for the terms liberal news and progressive opinion for several years. Rob began his Bottom-up Radio show, broadcast on WNJC 1360 AM to Metro Philly, also available on iTunes, covering the transition of our culture, business and world from predominantly Top-down (hierarchical, centralized, authoritarian, patriarchal, big) to bottom-up (egalitarian, local, interdependent, grassroots, archetypal feminine and small.) Recent long-term projects include a book, Bottom-up-- The Connection Revolution, debillionairizing the planet and the Psychopathy Defense and Optimization Project.


Rob Kall Wikipedia Page


Rob Kall's Bottom Up Radio Show: Over 400 podcasts are archived for downloading here, or can be accessed from iTunes. Or check out my Youtube Channel


Rob Kall/OpEdNews Bottom Up YouTube video channel


Rob was published regularly on the Huffingtonpost.com for several years.


Rob is, with Opednews.com the first media winner of the Pillar Award for supporting Whistleblowers and the first amendment.


To learn more about Rob and OpEdNews.com, check out A Voice For Truth - ROB KALL | OM Times Magazine and this article.


For Rob's work in non-political realms mostly before 2000, see his C.V.. and here's an article on the Storycon Summit Meeting he founded and organized for eight years.


Press coverage in the Wall Street Journal: Party's Left Pushes for a Seat at the Table

Talk Nation Radio interview by David Swanson: Rob Kall on Bottom-Up Governance June, 2017

Here is a one hour radio interview where Rob was a guest- on Envision This, and here is the transcript..


To watch Rob having a lively conversation with John Conyers, then Chair of the House Judiciary committee, click here. Watch Rob speaking on Bottom up economics at the Occupy G8 Economic Summit, here.


Follow Rob on Twitter & Facebook.


His quotes are here

Rob's articles express his personal opinion, not the opinion of this website.


Join the conversation:


On facebook at Rob Kall's Bottom-up The Connection Revolution


and at Google Groups listserve Bottom-up Top-down conversation





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