COLLAPSE.

America is Broke. So is Europe.

By Design, courtesy of the bankers. Total Market Close down collapse. Its not a buying oppurtunity. Its Chaos. Soon to be. Buy guns and remember who stole from you & ruined your nation.

Bloomberg (October 23, 2008): Roubini Says `Panic' May Force Market Shutdown

Early Friday Morning Update: Yesterday Thursday I gave a speech in London (see video below) arguing that markets were in sheer panic and becoming literally dysfunctional and unhinged. I also made the point that policy makers may soon be forced to close financial markets as the panic selling accelerates.

Indeed, we have now reached a point where fundamentals and long term valuation considerations do not matter any more for financial markets. There is a free fall as most investors are rapidly deleveraging and we are on the verge of a a capitulation collapse. What matters now is only flows - rather than stocks and fundamentals - and flows are unidirectional as everyone is selling and no one is buying as trying to buy equities is like catching a falling knife. There are no buyers in these dysfunctional markets, only sellers and panic is the ugly state of this destabilizing game.

GLG chief Emmanuel Roman warns thousands of hedge funds on brink of failure

By Rowena Mason
Telegraph UK

5:50PM BST 24 Oct 2008

Emmanuel Roman, of GLG Partners, said 25pc-30pc of the world’s 8,000 hedge funds would disappear "in a Darwinian process", either going bust or deciding meagre profits are not worth their efforts.

"This will go down in the history books as one of the greatest fiascos of banking in 100 years," said Mr Roman, who with Noam Gottesman, co-runs GLG, a former division of Lehman Brothers Holdings with assets of $24bn (£14.8bn). "There need to be some scapegoats, and the regulators are going to go hunt people. That will be good in the long run."

His views were echoed by Professor Nouriel Roubini, a former US Treasury and presidential adviser known for his accurate prediction of financial crises, who estimated that up to 500 hedge funds would fail within months.

Both men were speaking at the same hedge fund conference in London yesterday, and Prof Roubini said he would not be surprised if the US and other countries soon had to close their stock markets for more than a week to halt descent into "sheer panic".

Snaiper and All

The USA was the start of the collapse, now it has hit everywhere,

My bit of monrey comes from England and i lose money every month as it is changed into Euros, much more and they do not need to send it

Britain is in recession, and its hitting over here in Belgium as it is everywhere

But you can bet your bottom dollar that some will come out of this mess Rich and smelling of Roses

But it will not be us ordinary people

I do not have any time at all for the fat cats or the politicians, who are the biggest liers on earth, always have been and always will be, but they will want for nothing

Steve