Victoria Oil & Gas - Re: VOG Stream Log - Wall Street is ailing, and...

Wall Street is ailing, and will shortly be in intensive care. Margin debt is through the roof, just like in 1929. Not that many people are trading, and companies are buying back their own stocks. The average Schiller P/E ratio is now at about 27 rather than 16. So a company needs to trade for 27 years with profit to cover the cost of the company. This is just Wall Street alone. The rest of the economy is sick. Baby boomers are retiring rapidly, thereby taking money from the state rather than paying taxes to the state. Home prices will collapse. Money flow has stagnated rather than it being circulated. Then there is the dollar's demise which will chip away at saved wealth. Unemployment is much higher than the official figures lead us to believe. Just have a look at the numbers of US citizens on food stamps. In brief, we may witness a collapse of social fabric across the US and greater numbers of police and soldiers on the streets. Those FEMA concentration camps will start to fill with a vengeance. One near Fairbanks , Alaska can hold over 1 million prisoners. There are up to about 1000 empty FEMA concentration camps ready to be activated, each capable of holding about 20,000 to 100,000 prisoners. About 1 billion dollars were spent on FEMA plastic coffins, each capable of holding up to 5 corpses. Man, this is scary stuff!