The Giant Pool Of Money. Implications

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.

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

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.

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.

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

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Although Friedman is well known as an economic right winger, there is nothing in this account that should be displeasing to anyone from the left - Friedman's case is against mismanagement, not for small or big governments. Nor is there any argument about whether government spending should go to the military, to welfare, or to any other cause. Although Friedman's book is filled with stories of the political economy, its moral is politically neutral. Indeed, Friedman clearly discusses how inflation is often used by governments because direct taxation is unpopular (p.205)

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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)

Bet. *shake* Edited by Phat, : No reason given.

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.

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.

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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What’s even more simple is what’s going to happen to the dollar. It’s going to
collapse along the same lines as the Mark did in Germany in the early, pre‐Nazi,
1920’s. It was then that it took a wheel barrel full of marks to buy a loaf of bread.
The same will happen to the currencies of all Western governments as the debt
situation is far worse than is being reported.

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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.

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.

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The destruction of fiscal rectitude under Ronald Reagan one reason I resigned as his budget chief in 1985 was the greatest of his many dramatic acts. It created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge and allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy. In effect, the G.O.P. embraced Keynesianism for the wealthy...The modern Keynesian state is broke, paralyzed and mired in empty ritual incantations about stimulating demand, even as it fosters a mutant crony capitalism that periodically lavishes the top 1 percent with speculative windfalls.

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The guy makes sense to me...what does anyone else think?

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.

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?

I would go with solar showers

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?