G NETWORK » devaluation http://gnetwork.com.au Lotto Results, Powerball results, Free Software, How to Win, Money, Stock Market, Gaming, Racing, Technology. Wed, 14 Jul 2010 05:20:57 +0000 en hourly 1 http://wordpress.org/?v=3.0 DOW JONES October 2009 Rally breaks 10,000 points http://gnetwork.com.au/money/dow-jones-october-2009-rally-breaks-10000-points/ http://gnetwork.com.au/money/dow-jones-october-2009-rally-breaks-10000-points/#comments Thu, 15 Oct 2009 09:48:26 +0000 Admin http://gnetwork.com.au/?p=2965 Read more »]]> dow-jones-chart-14-october-2009The Dow Jones Index (14 October 2009) rose above 10,000 points for the first time since early October 2008, as US stocks powered higher. Investors cheered at the New York Stock Exchange, as the Dow Jones Industrial Average broke the psychological 10,000 point barrier, finally closing at 10,015.86 points. This is the first time the index has climbed above 10,000 points since early October 2008, when the stock market sank rapidly following the collapse of Lehman Brothers a few weeks earlier. See also the November Update:
DOW JONES Major High November 2009

dow-jones-chart-14-october-2009The time points projected in the previous article DOW JONES Major High September 2009 have been passed, and in analysis terms, specifically Gann analysis, the Dow Jones would be described as being overbalanced in time – note the time points mentioned in that article, still all proved to be significant points. The target price level mentioned in that article has NOT been hit yet, 10,360 points, and this is the target level to break (by a significant amount) in order to prove that the bear market has ended.

Due mainly to fiscal stimulus, currency devaluation, and continued pump-priming by US (and worldwide) government, the current rally has over-extended in time, by a little. The crucial 50% retrace from Exreme High to Extreme Low (at 10,360 points) however, has not been breached, which means we are still technically witnessing a rally in a bear market. This will be noted as the biggest rally of the current bear market on the way down.

All the stimulus and fake value (currency) creation in the world, can not stop the inevitable unwinding of world markets – fuelled by rapacious greed and excessive debt – the accounts must eventually be balanced. The attempts by government to avert potential disaster, have only set us up for a bigger fall. The rebalancing will be more severe, and much longer in duration, quite likely leading us into Global Depression.

Significant time points to look for a reversal:
October 26-28, November 20, December 8-21

It is extremely unlikely that the Dow Jones will go above 10,360 points by a significant amount. If they pull off the miracle of the century and it does, then we will likely see a tremendous devaluation of currency followed by unbelievable inflation. Gold is the investment of the wise, and will continue to rise in value considerably into the future. If you have substantial money to invest and don’t want to see it eroded by currency devaluation (which is happening anyway), buy Gold now, and hold it.

See also: DOW JONES Major High November 2009

]]> http://gnetwork.com.au/money/dow-jones-october-2009-rally-breaks-10000-points/feed/ 0 The Federal Reserve is Engineering the Economic Collapse http://gnetwork.com.au/money/the-federal-reserve-is-engineering-the-economic-collapse/ http://gnetwork.com.au/money/the-federal-reserve-is-engineering-the-economic-collapse/#comments Fri, 08 Aug 2008 15:35:58 +0000 Admin http://gnetwork.com.au/information/the-federal-reserve-is-engineering-the-economic-collapse.2008.11.11 Read more »]]> To most Americans, the Federal Reserve is just another name on their dollar bill. They don’t know that this secretive private bank controls America’s entire economic system. The Federal Reserve is no more federal than Federal Express.

Created with no constitutional authority in 1913, the Fed prints money out of thin air and loans it to the U.S. treasury at interest. This can only lead to one outcome: debt. Currently, the Federal Reserve is printing billions of dollars to bail out Wall Street while destroying the middle class and the dollar. If our country wants a sound and transparent monetary system, we need to abolish the Federal Reserve and bring the power back to the American people.

VIDEO: Economic Collapse and the Federal Reserve

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