FOUNDED: February 9, 2001
If you prefer to make a donation by check,
send an email to Support for the mailing address.
|01-29-2010, 08:55 PM||#1|
Advanced Senior Member
Join Date: Apr 2009
Why is the market tanking?
Specialy in the last 2 weeks?
I'm not savvy in this stuff.
The economy is supposed to be growing, yet we keep shedding jobs.
I don't get it.
Bail outs, tarp, stimulous, etc....
What am I missing?
A point in every direction is the same as having no point at all
|01-29-2010, 09:25 PM||#2|
Advanced Senior Member
Join Date: Dec 2008
Re: wall street
1. I think the markets are tanking because obama has been attacking the banks last 2 weeks. They dont like it.
2. careful who you listen to. The economy is not doing as great as some people want you to believe. Unemployment is still high. Just because unemployment number go down it doesn't mean we are getting any better. Some may just run out of benefits and they are off the grid. It will be a long time before employers hier workers again.
3. Beware in the short term if the market goes up. They need you to feel good about investing so they can trap you and your money. Then they will bail on you leaving you stuck. The market is not safe right now. In fact i think it will be a long time before it is safe again.
one other thing i believe i have learned: The stock market should not be viewed as a place to make an investment and share in profits. It should now be looked at as playing a poker game. Same with your retirement. If you leave your money with others you are in a poker game. Ask the investers in ENRON and the like. As far as retirement programs go, be prepaired for the govt to make them illegal one day or tax you even if they say they never will. Dont believe anyone.....
Who are you going to serve today?
Last edited by cycloneman; 01-29-2010 at 09:39 PM..
|01-29-2010, 10:04 PM||#3|
Join Date: Jan 2010
Re: wall street
actually its simple
you buy more from china and send them more money than the country is making
90% of your 500 largest companies are not bringing foreign income onshore but leaving it off shore so they dont pay taxes and this is true of many not in the top 500 list
China wont loan you any more money and has limited purchase orders to be paid up front ( no credit )
the attempt to make Australia NZ and some EU nations to buy those shonky bonds did not work
but bonus's where paid on the sales that did not happen
the value of the US dollar is dropping against ours and many other nations
and 80% of your foreign debt repayment aint coming in
the world bank has not collected 1 cent from mexico and its this money that was loaned to them from the US tax payer
you need your debtors to pay up
no-one will extend credit terms to US bamnks when they take a big chunk and send it offshore or never bring it onshore so they dont pay taxes
with all the big business not paying taxes now there is no income so your dollar aint worth squat
that was told to me by a guy who is one of the 5 big bosses of our reserve bank , he's a veteran , wounded in Nam , retrained in banking and well respected here and in many nations
andersons told our former PM to get rid of him as "he' was too straight to get anything done" but we did not suffer as much as many places when the GFC hit as his rules protected us from exposure
the guy aint no-ones fool
he's also the one who's advised us on how to fight the money collectors for the anti gun brigade , and that strategy is showing results too
his advice for the US
dont give no-one nuthing unless they sign over assets ( coal, iron ore, oil reserves etc) collect whats owed, put in hard line regulations on banks and brokerages, and rewrite your tax system to stop all the scams so the comapnies dont have a chance to dodge thier fair share