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Author | Topic: The Giant Pool Of Money. Implications | |||||||||||||||||||||||||||
Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
I totally understand where jar is coming from. We all need to compete and seek education and improve our overall value at work.
My basic gripe is kinda in line with what you say, xongsmith. These corporations are ruthless. One is either a stockholder/executive/management team or one is a serf.(labor) And the US middle class is being trashed. It is one of the events that will in my opinion lead to World War III. We are not nor will we ever be exploited. There are far more guns (and religious nut jobs) in the US than in any other country, and the Arab Spring is mild in comparison to what shall be unleashed here in the US if the Politicians don't do what we pay them to do. The corporations, unfortunately, are global these days, and we cant easily cut the head off of that beast, though I think that raising corporate taxes would help alleviate pressure on already overextended US taxpayers.
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
It will be a different war from the previous two World Wars. It will be the people...the working class of the world..against the wealthy. We will, however, take out Iran and North Korea in the process. This war is an economic war as much as anything...it will be a war to secure resources before China gets them.
Edited by Phat, : title
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
It would not be easy...in fact it would prove quite challenging. The wealthy own the resources and the armies themselves. I'll have to think this one through.
My premise, however, is that their "bill" is unreasonable and that they should simply take the loss rather than the majority of us. We would have to somehow organize ourselves without "them" without any of us turning into pigs(animal farm reference) ourselves.
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
I notice the chart ends when the price was $6.84. Today, its a little over $32.00. Im not convinced that this investment is dead yet.
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
Rahvin writes: How can you know that the implications are scary without understanding them or even knowing what they are? Do you know some of the implications of a growing pool of global money, and you find those to be scary and want to know any other implications? Some of the information that I have been reading and pondering suggests that inflation is inevitable. In fact, many predict inflation that will not only be double digit, but will approach 100% for two or three years straight. This is scary because it will wipe out the savings of many middle class Americans, like my Mother, who hail from the greatest generation. In addition, it will leave people like me with no nest egg and, in all likelihood, no nest!! Crashfrog, I know you think inflation is a good thing, but you will be made soberly aware of just how devastating it will be for our once great economy. One book that explores the shady strategy used by governments throughout history was written by Milton Friedman.
Money Mischief: Episodes in Monetary History quote: For those of you who think me unlearned in these matters, I am willing to stand by this prediction: Inflation will approach 100% within 5 years and will destroy the remaining wealth of the US Middle Class, (though perhaps it may help pay much of the debt)
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
Crashfrog writes: Bet. *shake*
It's almost the new year so lets say that 5 years from now is January 2017. The CPI increase rate for 2017 would be out in, say, March? I'll bet you $100 inflation-adjusted 2017 dollars that the annual American inflation rate over the next 5 years doesn't rise above 12%. Bet? Federal Reserve Bank Of St.Louis writes: A considerable amount of disagreement seems to exist among economists about the inflation outlook over the next few years. Some economists are quite worried about the potential for much higher inflation, while others are more concerned about the potential risk of inflation falling to uncomfortably low levelsor even the possibility of deflation (a fall in the aggregate price level). Much of this disagreement reflects, on the one hand, the Federal Reserve's aggressive response to the deep recession, the financial crisis and the exceptionally large federal budget deficits, and on the other hand, the downward pressure on wages and prices that typically occurs in the aftermath of a deep recession. Edited by Phat, : No reason given.
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
To be quite honest, I want to have a boogieman to blame for why the economy wont work. People like you represent a majority, logical, rational and reasoned opinion. You don't see a crises.
People like me want such a crises. While I am not as far as Buz and don't want Jehovah to come back and judge the nations, it would give me a small thrill to see the Wall Street insiders be wrong for once. I can't stand that the middle class has been exploited. I cant stand that the rest of the world passed us by and took away our edge that we enjoyed in prosperity. It would thrill me to see the majority of Wall Street investors get burned. I despise the 1 %. I despise people who make money when I don't or can't. Much of my current information comes from Newsmax and from Bob Wedemer, coauthor of the book Aftershock.
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
Yes. That sort of stuff is irrelevant to folks like me because we want to believe what makes us feel good. Thats the whole idea that I wanted to explain to Crashfrog. You see, if there is not gonna be a crash or a crises, the fact remains that I will be broke...and that others will prosper. I cant accept a future like that. Bring on the gloom and doom. We all need to suffer to make this fair.
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
that's fine...I am not a total masochist. I simply don't like the idea of an inner track of wealthy investors who continually make money based on inside information and I hope that Wedermeir is right when he predicts that the dollar and the debt bubble will pop and that the playing field will be leveled as inflation eats up the middle income. Assuming, of course, that I can help prevent my Mom from getting wiped out.
ABE: Wedermer has a strategy for people to prepare for this and a host of investments that he says will weather the storm. Edited by Phat, : No reason given.
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
quote:Another wise man whom I trust, Conrad Michael Modica. He use to work on the stock market and knows more about the gold market than any 5 others put together.
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
How can you know that the implications are scary without understanding them or even knowing what they are? This article highlights and emphasizes lots of the previously unfounded fears that many of us see. The article, written by ex Reagan budget advisor David Stockman, essentially lays out Stockmans assessment of the spending binge initiated by the G.O.P.
quote:The guy makes sense to me...what does anyone else think?
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
jar writes: You do understand that if you decide to bring on the gloom and doom, those who have prepared will still not suffer? I cant help but see all of us suffering to some extent...i suppose it depends what you mean by suffering...you likely will still have a place to live and even your inflated retirement income will keep you from starving. Far too many people, however, are totally unprepared, and Uncle Sam won't be able to help them...it will be another Great Depression scenario...except we wont have a war to bail us out this time.
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
I get the feeling you would like for everyone to suffer, but sorry, the rich and powerful will mostly simply sit on the beach enjoying the sunsets.
I take it you dont believe in any global catastrophes in the near future....which is logical... PT Barnum warned us of perpetual suckers...and chicken little squawked too often... but if enough resentment builds up globally, the rich may find a revolution upsetting their beach holiday. The way I see it, if me and my people suffer, we will make sure everyone feels the pain. Is that a bad attitude?
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
I would go with solar showers
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Phat Member Posts: 18299 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
I wonder what the forecast for the future of money and credit is now that Trump and the progs are in power? Will they pay the bill or increase it? What does the prognosis look like?
Chance as a real force is a myth. It has no basis in reality and no place in scientific inquiry. For science and philosophy to continue to advance in knowledge, chance must be demythologized once and for all. —RC Sproul "A lie can travel half way around the world while the truth is putting on its shoes." —Mark Twain " ~"If that's not sufficient for you go soak your head."~Faith Whoever trusts in his own mind is a fool, but he who walks in wisdom will be delivered.~Proverbs 28:26
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