UPDATED - SCROLL DOWN: GLOBAL CURRENCIES COLLAPSING... GLOBAL ECONOMY IS NEXT

• BERNANKE PRINTED TOO MANY DOLLARS AND THE DOLLAR IS CRASHING.

• IRELAND, GREECE, SPAIN AND ITALY ARE IN TROUBLE AND THE EURO IS UNDER ASSAULT.

• PEOPLE ARE FLEEING TO GOLD AND THE SWISS FRANC.

• NOW, THE JAPANESE YEN IS IN BIG TROUBLE.

I FEAR WE ARE HEADED FOR A CRASH THAT WILL MAKE THE GREAT DEPRESSION LOOK LIKE A PICNIC.

WHAT COULD STOP IT?

ONLY A SUBSTANTIAL INPUT THAT WOULD LOWER COSTS, INCREASE SALES, RAISE PROFITS AND DISPOSABLE INCOME WITHOUT SUBSTANTIALLY INCREASING GOVERNMENT DEFICITS.

• OPEC LOWERING THE PRICE OF OIL TO $35/BARREL.
• CHINA RAISING THE VALUE OF THE RENMIMBI.

THESE TWO CHANGES WOULD QUICKLY SPUR THE RATE OF GROWTH OF THE GLOBAL ECONOMY. ESPECIALLY LOWERING TO COST OF ENERGY.

SHORT OF THESE TWO CHANGES, THERE IS SIMPLY NO WAY FOR THE GLOBAL ECONOMY TO IMPROVE QUICK ENOUGH FOR THE CURRENT RECESSION (YES: WE ARE IN A DOUBLE DIP!) - NOT TO SNOWBALL INTO A GLOBAL CRASH.

UPDATE:

Stocks Tumble as Signs Point to Weak Global Economy

By GRAHAM BOWLEY 9 minutes ago

American indexes fell more than 3 percent as new data heightened fears that the United States may be headed toward a double-dip recession and that Europe’s debt crisis could widen.

THAT'S 300 POINTS ON THE DOW - SO AFR - AND THE DAY HAS 4 HOURS TO GO...

UPDATE #2; WASH POST AGREES WITH ME:

High gas prices and scant income gains have forced Americans to pull back sharply on spendinghttp://www.blogger.com/img/blank.gif.

I SCOOPED THE WASH POST. NOT BAD.

NOW THE NYTIMES IS POSTING THIS HEADLINE ON ITS FRONTPAGE:

Stocks Dive on Fears of Global Slowdown

TOLD U SO!

UPDATE #3:

ONE OTHER THING COULD SAVE US:

IF OBAMA ANNOUNCES HE'S RESIGNING OR AT LEAST NOT SEEKING RE-ELECTION!

HE JUST MIGHT: HE'S CRASHING TOO!