"We have no government armed with power capable of contending with human passions unbridled by morality and religion. Avarice, ambition, revenge, or gallantry, would break the strongest cords of our Constitution as a whale goes through a net. Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other." President John Adams, second President of the United States addressing the U.S. military, October 11, 1798
You've obviously compiled, as have I, evidence demonstrating the malthusian driven megalomaniacal intentions of the world elite.
What surer way to kill off large chunks of population than to let it enslave itself with its own unbridled passions? A corralled herd is more easily culled than free men who can still fight back.
Is your screenname somehow connected with attempts to awaken what manhood remains in men who've permitted themselves to be morphed into sheeple?
Consumer Confidence at Five-Month Low
Consumer gloom hits US economy
History of Bull Markets Rife With Folly - The worst of this episode isn't behind us
The folks on Wall Street say this time will be different. That this rally will last. If history doesn't provide the proper context for that pipedream, maybe valuations will.
America's 500 biggest stocks are selling for anywhere between 25 and 40 times one year's earnings, depending on how one accounts for nonrecurring charges. Even at the cheap end of that range, the S&P 500 ($SPX: news, chart, profile) is still selling for more than twice the historical average for a bear-market low.
The highest price-earnings ratio seen at a major market bottom during the past 60 years is approximately 12.5, technician Paul F. Desmond at Lowry's Reports tells me. That was in June 1962. (Read more about tops and bottoms.)
Next time a guy tells you this time will be different, ask if he or she works for a brokerage, investment bank, pension fund or mutual fund manager. If the answer is no, ask when was the last time they made money in this market of sick stocks.
CORPORATE CHEATS
Has scandal taught big business a lesson?
a. Yes, they've learned the hard way--------(25%)
b. No, they'll get off easy and do it again-------------------------(60%)
c. I'm not sure------(15%)
Snap-back Rally Masks Continuing Bear Market
Junk Bond Defaults at Record - Moody's
US CREDIT OUTLOOK-Economy and looming debt supply back in focus
Property bubble kept afloat by rising house prices
Japan's Deflation: The Similarities Are Unsettling - Business Week