[JuanP]

Please post here links related to Black Monday news. Thanks!
http://news.yahoo.com/u-s--stocks-poise ... 02330.html
http://www.cnbc.com/2015/08/24/the-only ... ntary.html
http://www.cnbc.com/2015/08/24/wall-str ... lunge.html

[davep]

Harrowing images of panic in world markets:

[salinsky]

Dave, you nailed it. One thing missing, a certain star.

[efarmer]

Those server racks look terrified, are the cables quivering as well?

[dolanbaker]

Looks more like a PABX MDF rather than a server farm.

[dinopello]

Sometimes it helps ease the pain if we understand why bad things happen.

$this->bbcode_second_pass_quote('', 'T')elevangelist Pat Robertson responded to the dramatic market sell-off today by suggesting that it was only a foretaste of God’s judgment for legal abortion and federal funding of Planned Parenthood.

Following a report on demonstrations against Planned Parenthood that took place this weekend, the “700 Club” host said that God is not pleased with the Obama administration’s position on Planned Parenthood and abortion rights, as made clear by today’s market slide.

“We will pay dearly as a nation for this thing going on,” he said. “And possibly if we were to stop all this slaughter the judgment of God might be lifted from us. But it’s coming, ladies and gentlemen. We just had a little taste of it in terms of the financial system, but it’s going to be shaken to its core in the next few months, years or however long it tastes and it will hurt every one of us.”

Earlier in the program, Robertson claimed that the market crash was prophesied by Jonathan Cahn, who believes that something bad will happen in late September as part of the biblical Shemittah cycle. Today’s market turmoil, according to Robertson, is a sign that conditions will only get worse next month.

“This thing is hitting with great force and if Cahn is right on that Shemittah we could be in for some really rough days in the markets,” he said, before urging his viewers to buy gold in preparation for greater market deterioration.

[GregT]

Peter Schiff on U.S. Dollar Crisis: "The Dollar Bubble Is Going to Burst"

"Many blame the surprise China yuan devaluation for the sell-off."

"But Schiff has a completely different take. He believes investors should be worried about the United States, not China…"

"Schiff went on to say the dollar has been propped up on hype and speculation. And the U.S. Federal Reserve is to blame – not China."

"Our economy is in much worse shape than the Chinese economy. The Fed is going to be forced to admit this," Schiff said. "They're not going to be raising interest rates; they're going to be doing QE4. That's going to sink the dollar, and then the Chinese are going to have to revalue their currency much higher in the future against the dollar, and it's the dollar collapsing that's going to hurt the U.S. Not this recent move by China."

"Schiff pointed out in his Newsmax interview that the United States has an enormous trade deficit with China. The goods Americans want to consume are made in China – not vice versa."

"[China's] economy is far more powerful, far more dynamic than the American economy. That's why we have these big deficits. But people believe in the myth of this U.S. economy, they believe that this bubble is genuine. They made the same mistake in the late 1990s; they made the same mistake right before the financial crisis of 2008. They're making a mistake again," Schiff said."

"We're on the verge of a much worse financial crisis than the one we went through in 2008, and it's going to take the form of a currency crisis."

http://moneymorning.com/2015/08/24/pete ... -to-burst/

Hmmm. Schiff was certainly correct in '07. Could he be right again.........

[Hosj]

This is fairly entertaining. Hitting refresh on the google finance DOW chart is about as fun as watching election results come in. Looks like it is plunging. Down 4% again.

[davep]

$this->bbcode_second_pass_quote('dolanbaker', 'L')ooks more like a PABX MDF rather than a server farm.

[GoghGoner]

$this->bbcode_second_pass_quote('Hosj', 'T')his is fairly entertaining. Hitting refresh on the google finance DOW chart is about as fun as watching election results come in. Looks like it is plunging. Down 4% again.

[salinsky]

Today, the President of the church of The Latter-day Saints has called all out-of-state members to immediately travel to Utah as the world is going to end on October 1, 2015. Among those members, forty-seven thousand will be taken to heaven. (Sounds like a lottery with a quite a few winners, but mostly losers, as there 14 million Mormons).
Gasoline, airline travel and tissue sales should see a big bump in the coming weeks. Expect a shortage of golden harps and angel wings.

[Lore]

$this->bbcode_second_pass_quote('salinsky', 'T')oday, the President of the church of The Latter-day Saints has called all out-of-state members to immediately travel to Utah as the world is going to end on October 1, 2015. Among those members, forty-seven thousand will be taken to heaven. (Sounds like a lottery with a quite a few winners, but mostly losers, as there 14 million Mormons).
Gasoline, airline travel and tissue sales should see a big bump in the coming weeks. Expect a shortage of golden harps and angel wings.

[phaster]

$this->bbcode_second_pass_quote('dinopello', '[')url=http://www.rightwingwatch.org/content/pat-robertson-market-crash-gods-punishment-abortion-rights-planned-parenthood-funding]Sometimes it helps ease the pain if we understand why bad things happen.[/url]

$this->bbcode_second_pass_quote('', 'T')elevangelist Pat Robertson responded to the dramatic market sell-off today by suggesting that it was only a foretaste of God’s judgment for legal abortion and federal funding of Planned Parenthood.

[Apneaman]

Last Week Tonight with John Oliver: Televangelists (HBO)

"U.S. tax law allows television preachers to get away with almost anything. We know this from personal experience.

Our Lady of Perpetual Exemption will not be able to accept donations from Church supporters from the states of Mississippi, Nevada, Pennsylvania, or South Carolina. We apologize for any inconvenience.
"


https://www.youtube.com/watch?v=7y1xJAVZxXg

[Tanada]

$this->bbcode_second_pass_quote('pstarr', 'T')here is nothing Black about Monday. It's a buying opportunity. I'm putting all my money into Compaq. They invented a portable computer that will runs rings around my IBM!

[Sixstrings]

$this->bbcode_second_pass_quote('dinopello', '[')url=http://www.rightwingwatch.org/content/pat-robertson-market-crash-gods-punishment-abortion-rights-planned-parenthood-funding]Sometimes it helps ease the pain if we understand why bad things happen.[/url]

$this->bbcode_second_pass_quote('', 'T')elevangelist Pat Robertson responded to the dramatic market sell-off today by suggesting that it was only a foretaste of God’s judgment for legal abortion and federal funding of Planned Parenthood.

[Sixstrings]

$this->bbcode_second_pass_quote('GregT', '[')b]Peter Schiff on U.S. Dollar Crisis: "The Dollar Bubble Is Going to Burst"

"Many blame the surprise China yuan devaluation for the sell-off."

"But Schiff has a completely different take. He believes investors should be worried about the United States, not China…"

"Schiff went on to say the dollar has been propped up on hype and speculation. And the U.S. Federal Reserve is to blame – not China."

[davep]

$this->bbcode_second_pass_quote('', 'A')s yet, our politicians have not done anything to get more dollars circulating. The Fed alone is actually very limited in what it can do -- just interest rates and liquidity to banks.

[Sixstrings]

$this->bbcode_second_pass_quote('davep', '[')It's the banks who have decided to use the money elsewhere (because interest rates are too low to make a decent profit on loans) who are to blame, not the Government. The Government cannot create money. Their only way of stimulating the economy is to borrow even more and do some kind of New Deal.