Defying President Bush and the leaders of both parties the US House rejected a $700 billion economic rescue plan in a revolt that rocked the US Capitol, sent markets plunging and left top lawmakers groping for a resolution.
So by the time that bell sounded again on the NY Stock Exchange $1.2 trillion had vanished from the United States stock market. The broad market, as measured by the Standard & Poor’s 500-stock index, plunged almost 9 percent, its third-biggest decline since World War II. The Dow Jones industrial average fell nearly 778 points, or 7 percent, to 10,365.
However, please recognize that the defeat of this massive bailout is actually something Ron Paul was highly in favor of. If the bill had passed, it would have provided short term relief that would have blown up from $700 billion initially allocated to at least 5 trillion dollars and the further dilution of the dollar could truly have been catastrophic as it would have continued to accelerate the massive decline of the dollar.
So, despite the record stock market losses please understand and realize that this is a GOOD SIGN. Like many medical therapies sometimes you just get worse before you get better and this is a classic example.
The REAL danger here, and believe you me it is a danger, is to become afraid. Once you step into the powerful emotion of fear and you put your intention on what you don't want the consequence is you activate powerful natural forces that tend to provide you with whatever thoughts you are attaching strong emotions to. This is clearly something you want to avoid doing, so stop being afraid of the economy.
It is important for you and your family to CANCEL any negative thoughts about this. I simply yell "Cancel!" and imagine a large red diagonal line going through any image I don't want. The more you and others do that, the more likely we will all reap the benefits of this postive focus and intention.
Hang in there and CONTINUE TO FOCUS ON WHAT YOU WANT, and the real key is to attach as much emotion to what you want. Simply wishing or thinking about it is not sufficient. You have to attach strong emotions to what you want.
If you need more reasons why you should be happy about this just watch Ron Paul's videos and he will give you all the details as why this "bad news" is actually really great news in disguise.