Global Financial collapse

[PBO]

The ASX (Aussie Stock Exchange) has dropped just over 2% in the first 90mins of trade this morning

[JThiessen]

I moved most of my riskier stocks a couple weeks ago - hopefully I did "OK" with it - I didn't go into "cash" investments, which I had though about.

Regarding our govt:
I'd like to see us completely get rid of an campaign financing and contributions. Every candidate gets XXX amount of travel money and advertising time (all media - including internet). We (tax payers) will provide that funding. Term limits - maybe. I'm not so certain that we'll really get better representation by forcing someone out - good or bad. In reality, elections are a form of limiting their terms - we just dont have enough candidates. Maybe even consider eliminating the parties. I dont know how much longer I can listen to their party line rhetoric - both sides are equally guility of this, and have been for ages.

For fixing finances - figure out how much is needed funding wise, then take an equal amount out of EVERY item that is funded by the govt, with an equivelent amount of tax increase to everyone (include in this tax breaks).

I thought we had elected someone with a better business sense than it has turned out. I'm no dem supporter by any means, but I had hope.

[lutach]

The U.S.A. wouldn't be in the mess it is now if the U.S. followed what the founding fathers laid out. If the U.S. really forgot its past or can't remember that far back all the U.S.A. needed to do is listen to Robert Henry Winborne Welch Jr. founder of the John Birch Society. Do a search in Youtube for Robert Welch's video and one might call him a prophet .

Talking investments, did any of you who followed the stock game thread buy gold or silver back then?

Edit: I hope later today when the stock market opens, it won't go down much more.