This local TV commercial has made it to national TV via the Ellen Degeneres show. This is the extended version

Steve Kroft looks at some of the arcane Wall Street financial instruments that have magnified the economic crisis.

Black Market Doomsday The Best Of Black Market Records-Hounds Of The Underground

weather report @ Stadthalle~ Offenbach September 29th 1978:

The Gun Bazaar of Pakistan. From VICE DVD. http://www.myspace.com/vicedvd Update: This gun market has nothing to do with terrorism nor does it have anything to do with the war on terror. So stop writing stupid comments. It's just a gun store in a town in Pakistan run by Pashtuns. If the United States felt it was a threat, then it would have been long gone. Duh! Update 2: I didn't make this. VICE DVD did!

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This video lays out the underlying reasons behind the market crash. very telling Also note this is not just a normal market correction, this is the begining of the collapse of our monetary system. WAKE UP

04 Nov 2008 - BBC Coventry & Warwickshire Coventry Market celebrated its 50th anniversary on Nov 4 2008. This film commissioned by BBC Coventry & Warwickshire features people who shop or work in the market. Musical score composed and directed by Benjamin Till. http://www.bbc.co.uk/coventry/

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Here is a video ca. 1978 of Weather Report performing Black Market and Scarlet Woman

WWW.WHATBLACKMENTHINK.COM TAALAM ACEY'S riveting diatribe regarding the willingness of some of us to "sell out" when industries compensate for ignorance. www.youtube.com/whatblackmenthink

Oct. 23 (Bloomberg) -- Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University Professor Nouriel Roubini said. ``We've reached a situation of sheer panic,'' Roubini, who predicted the financial crisis in 2006, told a conference of hedge-fund managers in London today. ``There will be massive dumping of assets'' and ``hundreds of hedge funds are going to go bust,'' he said. Group of Seven policy makers have stopped short of market suspensions to stem the crisis after the U.S. pledged on Oct. 14 to invest about $125 billion in nine banks and the Federal Reserve led a global coordinated move to cut interest rates on Oct. 8. Emmanuel Roman, co-chief executive officer at GLG Partners Inc., said today that as many as 30 percent of hedge funds will close. ``Systemic risk has become bigger and bigger,'' Roubini said at the Hedge 2008 conference. ``We're seeing the beginning of a run on a big chunk of the hedge funds,'' and ``don't be surprised if policy makers need to close down markets for a week or two in coming days,'' he said. Roubini predicted in July 2006 that the U.S. would enter an economic recession. In February this year, he forecast a ``catastrophic'' financial meltdown that central bankers would fail to prevent, leading to the bankruptcy of large banks exposed to mortgages and a ``sharp drop'' in equities. Bear, Lehman The comments preceded the collapse of Bear Stearns & Cos. and Lehman Brothers Holdings Inc. as well as the government seizure of Freddie Mac and Fannie Mae. The Dow Jones Industrial Average, a benchmark for American equities, has lost 37 percent this year, including its biggest daily drop in more than twenty years on Oct. 15. The Dow average rose 2.5 percent to 8728.73 as of 10:55 a.m. today in New York. Italian Prime Minister Silvio Berlusconi roiled international markets on Oct. 10, first saying world leaders were discussing shutting down global financial exchanges, and then saying he didn't mean it. ``In a fairly Darwinian manner, many hedge funds will simply disappear,'' Roman said, speaking at the same event as Roubini. The hedge fund industry is stumbling through its worst year in two decades and posted its biggest monthly drop for a decade in September. Hedge funds are mostly private pools of capital whose managers participate substantially in the profits from their speculation on whether the price of assets will rise or fall. `Very Ugly' ``Things are getting very ugly also in the emerging markets,'' Roubini said. ``The usual saying is when the U.S. sneezes, the rest of the world catches a cold. Unfortunately, this time around the U.S. is not just sneezing, it has a severe case of chronic and persistent pneumonia. It's becoming a mess in emerging markets.'' Developing nations' borrowing costs jumped to the highest in six years today as Belarus joined Hungary, Ukraine and Pakistan in seeking a bailout from the International Monetary Fund to help weather frozen money markets and a slump in commodities. Argentina risks defaulting for the second time this decade. ``There are about a dozen emerging markets that are now in severe financial trouble,'' Roubini said. ``Even a small country can have a systemic effect on the global economy,'' he added. ``There is not going to be enough IMF money to support them.'' Roubini, a former senior adviser to the U.S. Treasury Department, earlier this month said that the world's biggest economy will suffer its worst recession in 40 years. ``This is the worst financial crisis in the U.S., Europe and now emerging markets that we've seen in a long time,'' Roubini said. ``Things will get much worse before they get better. I fear the worst is ahead of us.''

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http://www.elliottwave.com/s.asp?url=/&cn=yt Watch Robert Prechter on Bloomberg TV on the 20th anniversary of the 1987 stock market crash predict what is unfolding before our eyes today. An uncannily accurate forecast from the man that forecast the 1987 stock market crash. Why would anyone think that the Fed's actions have any influence whatsoever on the trend in the stock market? The Fed has similarly cut the discount rate twice in recent months, and on all occasions (Sept. 18, Oct. 31, Jan. 22, Jan. 30) the stock market immediately rallied... only to see prices give back those gains and more, within a few short days or weeks. Mind you, these are recent and relatively minor instances. There are longer-term examples that unfolded for years, such as the Fed's historic campaign in 2001-2002 that saw a DOZEN rate cuts, during which time the S&P 500 lost HALF of its value. More dramatic still was the Bank of Japan's campaign that took rates to virtually ZERO for entire decade, even as their Nikkei stock index declined and/or languished over the entire period. There's nothing new about this information -- we've spelled it all out before, as recently as Bob Prechter's Nov. 27 and Jan. 24 appearances on Bloomberg television. Watch Prechter on Nov. 27: http://www.youtube.com/watch?v=WJnMia2rARI With charts and facts, Bob showed how powerless the Fed really is; he also reminded the audience that "People should be careful of what they wish for when they ask for lower rates." Yes, the financial establishment labels Bob Prechter a contrarian. But, what does it say about that establishment's state of mind when arguments based on facts and evidence make a person "contrary"? All the charts Bob included in that interview -- in fact, everything he said at the time and more -- is in the current Elliott Wave Theorist and Elliott Wave Financial Forecast. See it all on your computer screen in minutes, via the fast link below. http://www.elliottwave.com/s.asp?url=/&cn=yt ADD TO YOUR FAVORITES! EMAIL THIS VIDEO TO FRIENDS!

Wall Street suffered its largest one-day drop following Congress' failure to pass a rescue bill, reports Anothony Mason. Harry Smith talks to members of Congress and the public about their reactions.

The financial memory only lasts about 30 years then analysts, bankers and regulators fall victim to greed and fear. No matter how much they fiddle with interest rates, Bob Marley said it best: "One day the bottom will drop out..."

One thing I like about Android... Android Market. Watch Android team members talk about their favorite features.

Music Video for the lead single, "Trouble Is," off the new Common Market album, Tobacco Road. Directed By: Zia Mohajerjasbi DP: Chris Bell Produced By: Mariangela Abeo & Zia Mohajerjasbi

This is it, the stock market is down to bail outs and rumors of bail outs. The economy is down to it's last few months. The markets will collapse, probably in several weeks. The temporary ban of short selling on 799 financials will artificially inflate stocks possibly setting up the crash. http://www.reuters.com/article/usDollarRpt/idUSPEK2402720080917

The sudden drop in demand for "Buck Fush" T-shirts and "Hail to the Chimp" posters could leave millions unemployed.

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Can anyone say "room for growth"? Indian Auto Market