bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:32:30 GMT -5
time2shareMessage #2509 - 06/30/10 07:35 PMThe correction is not over and as I called this last 500 pt. drop a month ago...get ready for the continued correction the take place...ONLY THIS TIME IT WILL TAKE ALL OF YOU FOR A HUGE RIDE ON THE DOWN SIDE IN JULY another flash dive of 800 pts. look for the signs after july 4th....lower earnings, lowering expectations, GDP and continued job losses....do not look at first time unemployment claims any more as they are misleading with the jobless now leaving because they are under paid and leaving for bust......and with their unemployment benefits about to run out consumer spending and confidence will drop to the lowest level ever! As conservation of principle take place a flee to GOLD as created another huge bubble and the bottom will drop their next after the markets have hearded you there in suffucient numbers. The best BET IS TO CASH OUT.... EVERYTHING AND CONSERVE CAPITAL, CASH AND PRICIPLE.
Stay PutMessage #2510 - 06/30/10 08:02 PMGhetto? You have been owned in this thread. Meaning, every argument you have been involved in has ultimately ended in defeat. Show me where I have ever been defeated. Some half wit saying that I am wrong is not a defeat. You should know what you are talking about before you flap your lips. All entitlements? Fine. Let's start with you and your family being the first to give everything up. You can start a revolution!
I don't live on entitlements. I earn my own way. You should try it some time. It's really uplifting to support yourself, and those you love. There's a sense of pride that comes...........Oh never mind. You would have the first clue what I'm talking about.
engleclairMessage #2511 - 07/01/10 12:43 AMShow me where I have ever been defeated. Some half wit saying that I am wrong is not a defeat. You should know what you are talking about before you flap your lips. You talked about the "Communist Manifesto" when DJRick posted that witty story about the guy who muttered under his breath about "those wine sipping and cheese eating liberals" while enjoying the luxurious that Liberals have afforded. Say, why don't you start a trend and forgo your Social Security payments when you eligible to receive them? Oh, and be sure to say to any of your unemployed friends that they are communists because they get unemployment benefits. I don't live on entitlements. I earn my own way. You should try it some time. It's really uplifting to support yourself, and those you love. There's a sense of pride that comes...........Oh never mind. You would have the first clue what I'm talking about. What's that about flapping my lips? Do you have ANY idea what I do? Really, do you? See, that's the difference between me and you. You expose yourself in front of the whole world. Me? You have NO idea.
SilverGuy25Message #2512 - 07/01/10 01:34 AMYOUR THE HAMSTER and the most suprising thing is that you know it and you all like it!!!! I think you're partially right, and I will commence the rest of my post using your analogy cause I liked it. As long as you keep the hamster happy with the latest gadgets, homes, jobs, everything is fine and dandy. The hamster does not mind the guidance, and will gladly spin the wheel carefree and oblivious of whatever kind of wool that is placed over their eyes. But what happens when you disturb this process? Suppose the wheel becomes so heavy with corruption and greed that the hamster can no longer move it? Thats when the hamster b.ites, and then the master realizes that there are a whole lot of those angry critters, too much to handle. The master will understand all too late that you should never go too far and fast with these creatures, because the ying and the yang of economics should not be disturbed. Yes, without these dumb rodents the masters are without their supplement of labor and exotic living. 'Would have been best to not have been so greedy' will be the last thought before the master is exposed and eventually removed from their pedestal.
Silver OnyxMessage #2513 - 07/01/10 01:54 AM'Would have been best to not have been so greedy' will be the last thought before the master is exposed and eventually removed from their pedestal. SilverGuy25..Great post & analogy with the hamsters. The wheel has been spinning for a very long time. It will eventually change, the ? is when...
Crying TreeMessage #2514 - 07/01/10 03:14 AMMad hamsters and crazy leaders = the the depression in 21st century style. The hamsters bite each other and the leaders are too nuts to care.
SilverGuy25Message #2515 - 07/01/10 03:31 AMLots of fur flying, wrecked cages everywhere! We need Jimmy "Superfly" Snuka on the scene...now!
Stay PutMessage #2516 - 07/01/10 03:48 AMYou talked about the "Communist Manifesto" when DJRick posted that witty story about the guy who muttered under his breath about "those wine sipping and cheese eating liberals" while enjoying the luxurious that Liberals have afforded. eclair, you said that I get defeated on every argument. First of all, I was not arguing with djrick, I was disagreeing with his communist spun tale about fictitious Joe and his dad, as well as the Liberals/commies taking credit for every protection that America fought for. They either jump on the band wagon, or outright lie about their involvement in fights for protections and freedoms won by the American people. Even the things that Ralph Nader has championed, was actually started by the average man/woman. He was the perfect example of what a Liberal leech looks like, in that he would have nothing to do with an issue at it's inception, and on, but at the perfect moment would not only "jump on the band wagon", but would wrest control of the issue so as to take total credit for other people's fight. What a Liberal scumbag he proved to be.
ComoKateMessage #2517 - 07/01/10 04:19 AM
Crying TreeMessage #2518 - 07/01/10 05:30 AMComoKate - You lie. That is a hot chick! That must be your daughter - I saw the other picture!!! Stocks turning to cash now? Looks like something coming down.
djrickMessage #2519 - 07/01/10 05:40 AMLOL, Kate, Well this is not specific to the great post that BGA originally started but I think some of you might enjoy this  . All the economic you'll ever need to know.
21 Economic Models Explained SOCIALISM You have 2 cows. You give one to your neighbor. COMMUNISM You have 2 cows. The State takes both and gives you some milk. FASCISM You have 2 cows. The State takes both and sells you some milk. NAZISM You have 2 cows. The State takes both and shoots you. BUREAUCRATISM You have 2 cows. The State takes both, shoots one, milks the other, and then throws the milk away. TRADITIONAL CAPITALISM You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income. SURREALISM You have two giraffes. The government requires you to take harmonica lessons. AN AMERICAN CORPORATION You have two cows. You sell one, and force the other to produce the milk of four cows. Later, you hire a consultant to analyze why the cow has dropped dead. ROYAL BANK OF SCOTLAND VENTURE CAPITALISM You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States, leaving you with nine cows. No balance sheet provided with the release. The public then buys your bull. A FRENCH CORPORATION You have two cows. You go on strike, organize a riot, and block the roads, because you want three cows. A JAPANESE CORPORATION You have two cows. You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk. You then create a clever cow cartoon image called ?Cowkimon? and market it world-wide. A GERMAN CORPORATION You have two cows. You re-engineer them so they live for 100 years, eat once a month, and milk themselves. AN ITALIAN CORPORATION You have two cows, but you don't know where they are. You decide to have lunch. A RUSSIAN CORPORATION You have two cows. You count them and learn you have five cows. You count them again and learn you have 42 cows. You count them again and learn you have 2 cows. You stop counting cows and open another bottle of vodka. A SWISS CORPORATION You have 5000 cows. None of them belong to you. You charge the owners for storing them. A CHINESE CORPORATION You have two cows. You have 300 people milking them. You claim that you have full employment, and high bovine productivity. You arrest the newsman who reported the real situation. AN INDIAN CORPORATION You have two cows. You worship them. A BRITISH CORPORATION You have two cows. Both are mad. AN IRAQI CORPORATION Everyone thinks you have lots of cows. You tell them that you have none. No-one believes you, so they bomb the crap out of you and invade your country. You still have no cows, but at least you are now a Democracy. AN AUSTRALIAN CORPORATION You have two cows. Business seems pretty good. You close the office and go for a few beers to celebrate. A NEW ZEALAND CORPORATION You have two cows. The one on the left looks very attractive.
BGA4444Message #2520 - 07/01/10 10:14 AMDJ,that my friend is very funny! The funniest part is it is so true! Hey, my MT family thank you everyone for making this thread go over 300,000 views. Looks like a near MT record with 447 individual post! The fact that this thread still exist after 18 months lets me know that many of you are hurt or sadden or both over the economy. You know, I am both proud to be a American and ashamed at the same time. Our house is not in order. I believe one thing, All Americans, who are hurting, do not want a handout. They just want a hand. You are my brothers and sisters. I pray for you all. If you need unemployment, food stamps, welfare, healthcare, then I believe in the greatest civilization the world has ever seen you should get help and not feel bad, or belittled by the ones who have so much. If you are a liberal or conservative, a bull or a bear, foremost you are a member of the human race. You have been placed on a ball with the rest of us traveling 52,000 miles per hour around a beautiful warming sun. You all are here for such a short time. Yet you do not realize the warmth that comes from you heats those you touch as much as our warm neighbor above. May God be with you and bless you with every thought you speak or write. May everyone you come in contact with be blessed with your warmth. Jesus, when asked what shall we do till your return? simply replied "love one another". Pretty good advice! God bless you everyone!
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:33:23 GMT -5
ŽMessage #2521 - 07/01/10 11:35 AM Funny stuff djrick.  BGA4444, one day things will get better. I don't think it will be soon but I don't know. I do think our economy will not get back to pre-recession levels of spending because that was spending everything that most people earned and then using their homes as ATM's and running up their credit cards to spend even more. I don't think that's going to happen again anytime soon.
reverendbarbMessage #2522 - 07/01/10 02:02 PMThose are some very kind words BGA4444 - thank you. This is an interesting time to be alive on this planet - I suppose - but not necessarily a very easy one! I try to help in my own little ways like giving food weekly to the local food bank and helping clean up after the weekly community dinner at the church which is run based on donations from the participants, if they can afford to donate, and by church members. Most of all, I try to be kind to others...everyone is fighting some kind of battle and we need to support each other on this challenging journey. 
Crying TreeMessage #2523 - 07/01/10 02:46 PMIt is nice to help. It is also nice when people try to help themselves. The echo boomers are experiencing their first down turn and it is a big one. The big housing rip off is over and wages will be lower for most. The spend it all now folks are going to learn a hard lesson in survival by not saving for hard times. Times are not always good or always bad. Times have changed is normal and will continue through lifetimes.
BGA4444Message #2524 - 07/01/10 03:00 PMThank you too Reverendbarb. If more people were like you what a great place this would be! Keep up the good fight! I can feel the warmth and love, people you touch receive! In my younger days I was not very trusting of people and when they asked for help I would smile and say no money today. Today I help anyone that ask me. I always do what I can. A few dollars to me is worth much less than to someone who has to beg for help!
marshallcrazyMessage #2525 - 07/01/10 05:03 PMengleclare, tell you what I'll be happy to forego my SS benefits, if you'll be kind enough to have the SSA return to me what I've paid in. Fair enough? And, how about you agree to get your friends on unemployment benefits to drop off of those once they've exhausted what they/their employers have paid in, in unemployment contributions. Reverendbard (and many others on this board) are very charitable folks. But, we are charitable as WE SEE FIT. Let me explain how that works: -The Lord says "Give and it shall be given unto you". He also says the standard of giving is 10% of what you earn, but your time, your service, etc is certainly part of that equation, and a substitute for those who are not earning. -BUT, unlike the liberals or our government, he doesn't mandate anything. That's why HE is so good. He gives us, and respects free will. -BUT, our friends in Washington say, "We'll MAKE you give, and we'll dictate how WE spend what you give." See, that's NOT free will, that's socialist dictatorship. Kind of how they devil plays things, see he is not respectable, he does not ask to be asked in, he barges uninvited, and will do whatever he can to trick you into "inviting" him into your life. Kind of like that cool "hope and change" thing. -The Lord also asks us to be responsible, respectful in addition to loving our neighbors. That responsible and respectful also applies to our neighbors. He also asks us to be good stewards over what we have, whether a lot or a little, and to be happy with what we have. He does not advocate the pursuit of McMansions, 3 cars in the driveway, boats, expensive trips, jewelry, etc all of which you cannot afford, which is what got us into this mess to begin with. -The Lord asks us to help those who can't help themselves, not to support the foolish choices of others who know better, can help themselves, and choose not to, nor does he advocate that we should give more to our government because they are a better judge of "who" needs "what" than he does, according to things of the world like everyone deserves to own a home regardless of ability to pay, everyone deserves citizenship and the benefits thereof even if they're here illegally, we all should have money to pay our bills even if it's easier for us not work, etc. So, just in case anyone thinks this is more geared towards P&M or EE boards, I'll tie back and say it once again; I'll be happy to take care of myself in retirement, if you'll be kind enough to give me back what I've paid in. I'm more than happy to be responsible fo rmyself, and live at a standard that I can afford based upon what I've provided for myself. I will not ask you or anyone else for "extra" so that my retirement will look like the guy down the street who did a better job of planning than I did, nor will I ask you for your money to provide for me things that I cannot provide for myself on my own. I will not take from you what belongs to you. Fair enough? Rock on Reverend Barb, and others; we're on the right path!! 
txbizownrMessage #2526 - 07/01/10 05:10 PMPersonal Responsibility.. well thats just Marshall "Crazy" talk What about all of us who need government help smarty pants... tx 
fools_goldMessage #2527 - 07/01/10 05:27 PMAs a Boomer, I remember the milkman, doctor's made house calls, we shot for the moon and achieved it. Although the race for a technologically advanced society had begun, no one stopped to think of the consequences to our health and the planet we live on as we forged on. Since then it seems like everyone has jumped on the merry-go-round of the persuit of instant gratification trying to grab the golden ring, but where the heck are we headed? Is it all about how much personal wealth you can achieve? How many toys you can aquire before you die? We start families with no forsight or consideration of what future we are handing our children, the ones we so self righteously protect as they grow up. What is the meaning of life? darned if I know, but I do know we are not headed in the right direction. Maybe another Great depression is what we need to let people know what really is important.
43 YEARSMessage #2528 - 07/01/10 05:38 PMIn reply to #2525 Giving 10%-Truly a grand concept that FLAT TAX. King Obama takes more than that before state tax, ss tax, tax on gas, tax on phone, city tax,road tolls, real estate tax, tax on ........... YOU GET THE POINT.
marshallcrazyMessage #2529 - 07/01/10 05:43 PMIndeed, 43 Years, indeed my friend!!
BGA4444Message #2530 - 07/01/10 06:15 PMHey Marshall sounds great give you all your money back. Then when you get old spend all your money trying to buy your dusty old butt a new heart or liver or bone marrow for that cancer you are going to come down with and you are left penniless. Then what? I know nothing bad is going to happen to a "nice" caring person like you. I bet you were educated by a state ran school system. You breath the clean air we have because those liberals in Washington cared a little more about you than the company owner you worked for. That government supplied water you are drinking is when tested better than the bottled water we all buy. I bet your grandparents received more from SSI than they ever paid in. Got medicare too free! Your language is English rather than German because somebody who was pissed off paid a few extra dollars tax. I bet you are mad a the Mexicans coming in here trying to make a living. Are you as mad as the indians were when we came? If guys like you spent a little more time on making money and less time on hate. You would make so much it would not matter how much the government takes. Or maybe not for some people like you if you had all the money and power in the world you would still want more. How much is enough? Whew that wore me out! Marshall I respect your opinion and your right to voice it. Better get to making some more money quick taxes are going in one direction up whither it is done by Obama or some other idiot!
marshallcrazyMessage #2531 - 07/01/10 06:43 PMBGA4444, I think you missed my points, so here they are: 1. I was responding to someone who said "so forego your SS". I'm happy to, as long as they give me back what I paid in. 2. When it comes to taxes, what's fair? Yes, I make a lot of money, so how much money of that should go to others who dont, and for what? See, I'm more interested in the "for what", than the "how much", because the "for what" drives the "how much". I respect you, which is why I read and post in this thread. I understand how capitalism and democracy work, and I understand that we all pay our "fair share". Problem is, 4444, that the definition of "fair" has taken on drastically different definitions as of late. Fair is we all pay into the system at some rate for that clean water, military defense, the roads we drive on, etc. I also pay over 5k a year in taxes to the local school district alone, in spite of the fact that I have no children, and I'm okay with that. But, when it comes to things like universal healthcare which means that mine goes up so someone else gets it for free, and I'm bailing out Fannie and Freddie because Maria Illegal Gonzales was told she was entitled to own a 250k home just like Joe Legal Plumber, I've got a big f'ing problem with that. My grandparents were a product of the great depression, and they worked their a$$es off to survive and get by. My grandfather and his brothers worked in the CCC for 2 years to earn their keep; they didn't ask for an expect a free handout with no strings attached. Those guys also fought in WWII, and 2 of them died for this country. My grandfather was in one of the first units to find and liberate a concentration camp. I understand completely why we're not speaking German. Yet, my grandfather believed and advocated a few things; life ain't fair, we're not all equal, you're not "entitled" to anything other than the opportunity to make your own way in this world, and you do whatever it takes to take care of yourself and your family, even if that means working 3 sh*tty jobs, driving a beat up car, and eating PB&J sandwiches 3 nights a week until you saved enough to be able to pay for something more than that. Yes, he took from the system, but I dare you judge that he didn't give more than he took. That's what I'm advocating. And by the way, my healthcare costs will be my responsibility later, as they are now. But planning for that and paying for that is my problem, not yours or anyone elses. That's why I work my a$$ off and make a lot of money. I'll be making more when we sell our company this year to take advantage of the 15% capital gains tax rate...........because I'm not interested in giving an extra 5% next year so that it can be wasted to bail out those who don't believe what I believe, or who are not as motivated as I am to make it on my own.
AEKaraMessage #2532 - 07/01/10 06:54 PMPersonally I am waiting for Frank to tell us how he shorted this "short downturn" a week ago...lol
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:34:15 GMT -5
engleclairMessage #2533 - 07/01/10 06:58 PMmarshallcrazy- I can guarantee you are over 50 (or 55 years of age). It's nice to talk tough about Social Security when you have been working for 35 years and started in a time without cable, internet, cell phones, insurance (life, health, car, home), etc. Me, myself have been working since I was 14 and I just turned 32. You and the other old farts boast about how well stocked your emergency and retirement funds are when all you really have been is lucky that you were born 25 years before I was. Well, that will all change. You better not need help in the next 20 years.
txbizownrMessage #2534 - 07/01/10 07:07 PMEngleclair Im not an "old fart" (very disrespectful to talk of your/my elders that way IMHO), I'll talk tough all you want about SS...question, exactly what are you so angry about? What's keeping you from having a well stocked emergency/retirement fund?? tx
BGA4444Message #2535 - 07/01/10 07:14 PMAEKara Me too LMAO!!!!! Marshallcrazy, I am 51 my 81 year old dad served in the occupational forces in Germany at the end of WWII and was called to Korea shortly after that. I am proud and thankful for relatives like yours and mine. I do not know how old you are. But I would much rather have raised my children in the 80's & 90's rather than now. I grew up in the 60's and 70's jobs were everywhere. It is a tough time for all of us. I hear even the filthy rich are cutting back on caviar and fine champagne. LOL Congrats on selling the company and the extra 5%. Obama is 4 and out but do not worry we will probably get someone worse than him. You know the kind, the one who can really fix things!LOL Good luck all
Big Black DogMessage #2536 - 07/01/10 07:29 PMA few of you guys have identified the problem. We have had a merchandise trade deficit since 1973. We import more than we export which means that we export jobs in manufacturing. Remember that the only way to increase the wealth of a nation is to manufacture something. We do this less and less. Washington, both parties, have no interest in fixing the problem for there are a number of ways we could increase manufacturing in the US. So, nothing will be done and as a country we will get poorer and poorer. Please remember that Globalism is a sham. It works well for the multi-national companies doing the importing but not for anyone else. It is why Phil Knight, the CEO of Nike, is personally worth $12 billion dollars.
great depression1Message #2537 - 07/01/10 07:38 PMLooks like obamas finacial rescue team is at it again.....how many billions got wasted this afternoon of the taxpayers money...............wtg nobama you loser.
djrickMessage #2538 - 07/01/10 07:51 PMThe repubs are really playing with fire here. A lot of people, conservatives working for 30 years(and before you say oh no, read all the comments) have been laid off. The anger is palpable. [ blogs.wsj.com/economics/2010/06/24/faq-unemployment-benefits-extension/tab/comments/] FAQ: Unemployment-Benefits Extension - Real Time Economics - WSJ
djrickMessage #2539 - 07/01/10 07:55 PMBGA, thanks for your kind words on your post a few pages back. In the words of Carlin, It's a big club and you and I ain't in it. We should all be as kind to each other as possible, cause lets face it, this country is broke. The top tier can escape to their private islands, yachts, stocked doomstead with armed guards (if it comes to that), the majority of us are left to clean up and go on.
txbizownrMessage #2540 - 07/01/10 08:11 PMDJRick, the dems have been playing with fire the last 18 months..please if you will name me one pro business solution intruduced in the house senate or administration...to (actually) create jobs, not just a commision talk of anger, it's all realitive which is greater, if we are talking the anger of the unemployeed or the anger of the rest of america for dems wasting billions/trillions of dollars on no result programs I believe more people are mad at the overall spending then the number of people unemployeed fixing to lose there checks...it's the just the way the #'s work out. not saying it's the unemployeed's fault this is horrible, but how long do we send checks without putting in place any goals of getting the economy hiring again...stimulys was a bomb...only 43% spent so far saving the rest for 2011? this was a political move for sure. One more thing, I personally believe the deficit spending now is more dangerous than it was back in tax cut years...we cannot have UI to infinity. We need real solutions to get this going again and I SEE NONE in play. tx
marshallcrazyMessage #2542 - 07/01/10 08:31 PMBGA4444, it's all good. I'm actually 45, be 46 in November. My father was a very successful business owner, who came from humble beginnings. I got a great public school education in CT, a good public university education in LA on a football scholarship, and a young life's worth of good lessons and examples on how to succeed....be a man of your word, the one thing that you can control that nobody is naturally "better than you at is how hard you work, do the right thing and it will always work out well for you in in the long run, which is why you set both short term and long term goals, and you need to earn whatever you want, not expect it will be handed to you. I was not brought into the family business, although I went into the same industry, and there's no trust fund with my name on it..........my parents were very clear about the fact that they'd made theirs and were going to enjoy it, and we needed to make ours. I remember when I was a teenager, I used to say "When I'm fill in the blank, I'm 'gonna' have this, or I'm 'gonna' do that", and my dad used to say "NO, you'll be fortunate to have, or you're be blessed to do, but you're not 'gonna' have anything unless you work for it". Those words stuck with me, and I took it to heart because I knew he wasn't B.S.'ing me. My parents bought my last car for me when I graduated from college, and gave me 5k as seed money for apartment deposits, utility deposits, starter furniture and the like. I could've taken that money and had a fun week in Vegas, but I was enough of a realist to know that when they said "here you go" that was all there was going to be, and momma didn't raise no fool! I borrowed 7,500 from my parents to help with the down payment and closing costs on my first house, which was 102,500 and a heckuva 3/2/2 in the Dallas area at the time. That 7,500 loan was a loan with a supporting agreement, and marginal interest, and based upon earned commissions to date which I was owed and would be paid on 3 months later...........and the repayment term was 4 months LOL!! I'm proud and blessed to say that right or wrong, their approach worked well for me. It's been hard, but it's been challenging and fun, and I have definitely reaped the rewards. I'm no Bill Gates, but I'm in the top 1% of all earners and networth in this country, but I've earned it. If I can do it, so can most everyone else! There are a lot of us on this board alone! Remember, give a man a fish, and you feed him for a day; teach a man to fish and you feed him for life!!
neohguyMessage #2543 - 07/01/10 08:45 PMI'm angry with pension double dippers. I'm angry with politicians who spend more than we have. I'm angry with police officers who make $80,000 to start and $150,000 if they become chiefs. I'm angry at teachers who have been on the job for 30+ years who have no bachelor's or any other higher learning. They have "points"...... Ok, your angry. What are you going to do about it? The boomer generation was angry about VN, civil rights etc and did something about it. Sure they dropped the ball afterwards but what are you doing besides ranting on a money message board? You dropped the ball from the get go. The problem isn't generational. The problem is everybody blaming their fellow angry citizen for everything. Djrick has mentioned many times how the corrupt ones love this.
time2shareMessage #2544 - 07/01/10 08:46 PMGet ready for the circuit breakers to kick in at 9,400 for the first time after the flash dive. This will certainly slow the first of three 800 point drops after the july 4th weekend!!! The Hamsters are getting tired of being poked, pronged and blood sucked off........Volume is lower on a daily than ever before and they are going to need to shake you down make money with FEES with these sharp drops (let call it stimulus to act). The double dip is coming by July 15 and 1- lower sales numbers CARS ( ALL MAKERS ), REAL ESTATE, CONSTRUCTION MATERIALS (Lowes /Home Depot) and Oil inventories of distillates (Gas ) are way up and Employment numbers will also be disappointing tomorrow. Retail sales will drop in June and July but then pick up in August as back to school sales kick in and drop again in September. Is Greed good? We will see even though we are getting tired of spinning the wheel.... The markets will give you today and tomorrow a small window to get out ahead of the slaughter..........ADP posted a very small jobs payroll increase when in fact it was numbers and an actual hourly decrease as those hired were hired for less...THAT WAS KEEP OUT OF THAT REPORT! THAT HOW THE MEDIA IS ALSO TRICKING YOU with half nut reporting. The YING AND YANG ARE MANIPULATING YOU!!! WAKE UP!!! CASH OUT AND SAVE YOU MONEY NOW...! LAST CHANCE TOMORROW! Good luck!
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:35:07 GMT -5
Roe BotoMessage #2545 - 07/01/10 08:53 PMHistory does not always repeat itself....and it rarely repeats itself exactly. Yes we go through things over and over but most of the time not in exact portions. And for the most part as a collective we learn from past mistakes. We are not doomed to repeat slavery again nor are we doomed to repeat WW1 and 2. The thing with economics though is that it inheriently runs in cycles and by definition history will repeat itself....however what causes a down turn one year may not cause a downturn in anyother year.
Roe BotoMessage #2546 - 07/01/10 08:56 PMMaybe we are in a depression by some definitions.....however if you are implying that this downturn is like the great depression of the 30's ....I would have to disagree with you.....its not even close.
djrickMessage #2547 - 07/01/10 09:26 PMtx, both parties, the republicrats are corporate hacks, they bow to their masters, the ultra wealthy. The answer is not to vote out one side and put in the other, we have tried that, it does not work. This country is broke, we need new solutions. best to you, enjoy your posts. Mother Teresa of Calcutta Given at the National Prayer Breakfast in Washington DC Thur, 3 Feb 94. On the last day, Jesus will say to those on His right hand, "Come, enter the Kingdom. For I was hungry and you gave me food, I was thirsty and you gave me drink, I was sick and you visited me." Then Jesus will turn to those on His left hand and say, "Depart from me because I was hungry and you did not feed me, I was thirsty and you did not give me to drink, I was sick and you did not visit me." These will ask Him, "When did we see You hungry, or thirsty or sick and did not come to Your help?" And Jesus will answer them, "Whatever you neglected to do unto one of these least of these, you neglected to do unto Me!"
txbizownrMessage #2548 - 07/01/10 09:47 PMtx, both parties, the republicrats are corporate hacks, they bow to their masters Agreed there are good democrats and good republicans, few and far between, I am not happy with either party, corruption is the game on both sides, has been for a long time..normal folks do not have a chance it seems... This country is broke, we need new solutions. best to you, enjoy your posts.
Also agreed, and same to you!!!  tx
Stay PutMessage #2549 - 07/02/10 06:19 AMWe are not doomed to repeat slavery again nor are we doomed to repeat WW1 and 2. With all of the Socialist/Communist laws that have been passed just in the past 100 years, plus all of the current bills passed, and bills against free speech, etc., we are enslaved financially, personally, and in every way imaginable. There are more excuses (laws) today, that will land you in prison than in any other time in our history. You are not free. You simply live in the illusion of freedom, as do most Americans. Many are waking up though to this fact and fighting back (Tea Party Patriots, etc.) I do agree, however, that we cannot repeat WWI or WWII. What you do not take into account is that we are quite capable of entering into a WWIII. This, of course, would not be a repeat as we have yet to enter into this war.
Crying TreeMessage #2550 - 07/02/10 02:24 PMMiserable leadership - The rich & politicians have it all. Work for peanuts or we will give your job to illegal undocumented immigrants. Say anything and we will sue you like Arizona. Send your job overseas to make another nation strong financially. The last of the middle class is disappearing along with national pride. The second half of the double dip recession is underway now and could lead to a full blown depression. Stick your head under the pillow and wait for the layoff to happen to you. Were headed in the wrong direction and should bring our jobs home to employ the unemployed, send the illegal's home and give those jobs back to Americans. Bad leadership and lack of caring for Americans by American leaders leads to now & tomorrow.
HisRightMessage #2551 - 07/02/10 04:01 PMWhen Obama and his cronies said they want to distribute the wealth, many thought they meant distribute it here when in fact they actually meant they want to distribute our hard earned labor overseas to poor countries. Otherwise making even more Americans poor and I do mean poor. We haven't seen poor here yet, but we surely will when they get through with us. Why do you think this administration is doing everything in their power to open the doors with everthing they can muster to illegals to take our jobs even the jobs our children usually get to pay for their college and give them to these illegals? Even the dumbest person supporting this administration has got to see they care more about providing free education to foreigners than they do our own American children. We pay out our ears to get college or can't afford to go at all while they are eager to give it away to foreigners. If Americans make just enough to pay their normal bills, our own government claim they make to much money to qualify for financial help. Many of our scollarships are given away to illegals while Americans need them badly. Many Americans want a good education but can't afford it and don't want to go into debt for many many years that may or may not produce a job. It is gambling and we all know the house always wins and the player looses in the long run. If our government really cared about Americans they would help them first and foremost. They've even given free education to terrorists over Americans. Yeah, they really care about Americans, don't they? They take our money and misuse it in the most criminal way.
PoppDadd2Message #2552 - 07/02/10 04:21 PMCould not have said it any better. I would love to know where it is getting better?!?!?!? Fantasy Island?!?!?!?!?! I agree with all you have said and then if you break it down further, to the state level's, well then. To name a few...California, Arizona, Florida, Nevada and the grand daddy of them all New York!!!!!!!!! Who's greedy politician's can't even find there way out of a "paper bag." All this while we all suffer!!!!!!!!!! Some July 4th, huh?  ??
PoppDadd2Message #2553 - 07/02/10 04:32 PMCould NOT have said it any better!!!!!!!!!!! It's NOT only the strong survive, it should be only the corrupt and politicians survive. They are one in the same. All that can be said is who ever got us into this mess, better start doing something and get us out or you ain't seen nothing yet. Forget the theories and forget history...FIX IT!!!!!!!!!!!!!!!!!!!!
Tim-KMessage #2554 - 07/02/10 04:55 PMWe are not done yet. Be optimistic, we can still beg the dollar to the red, green, pink, yellow, blue, white monopoly money.. 
Jenny77700Message #2555 - 07/02/10 04:57 PMI agree with you. And if we were wrong, the worst that has happened is that we lowered our bills, saved money, and prepared for the worst. If we are right, we will survive.
time2shareMessage #2556 - 07/02/10 05:17 PMDid you hear Alan Greenspan yesterday? He has no idea of what's is going to happen.....The media and others keep bringing anyone that has an opinion to wish and explain this disaster away. Well ! Is not going to happen this time! They are all running out of rope and noose is tighten around their necks. As they continue a wait and see attitude the unemployment benefits are running out every week......as this activity starts to accelerate The economic numbers will lag a bit but then explode in a full blown double dip. As reported yesterday and now finally out today the hourly's are down and the companies that are new hires( replacements )salaries are lower than the previously employed in the same position leading to a overall lowering of consumer spending power. This July 4th weekend please celebrate it with your family because that is all that you will have left after the hype is over and the house of cards start to fall........THIS IS NOT DOOM AND GLOOM .......The reality is if your still invested in the equity markets your going to be swimming against the current and will probably drown......At least if you CASH OUT you will preserve capital. This is not to make money....so be patient if you do CASH OUT NOW if the S&P sees 950 like others predict the DOW drops 800 pts next week and that is the first of three 800 pt. drops. Look for the sign....New CAR sales down month over month and inventories up more than a 60-90 day supply. New Car plants going into hibernation mode laying off workers.... factory orders drop as the summer dull drums continue and exacerbate any upward momentum in selected economic areas. The Oil issue will allow the oil companies to continue to play around with the price, production, inventory and surplus numbers further hiding a lowering in demand. State Government budgets will continue to kill companies on life support waiting for their payments from them....Just Look at California as an example other states will follow soon! The next 5 months will truly be the perfect storm for the melt down to occur..... Good luck!
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:36:00 GMT -5
cva15Message #2557 - 07/02/10 05:21 PMObama and his Administration are anti-business and anti-wealth. There is no more American Dream!!! Not while he is in power!!  Obama thinks those who are doing well and who have worked very hard for what they have are the the enemy!! I bet you the Obama cronies are monitoring this board right now and targeting those who express their dissatisfaction!!!
DriftrMessage #2558 - 07/02/10 05:22 PMso be patient if you do CASH OUT NOW if the S&P sees 950 like others predict the DOW drops 800 pts next week and that is the first of three 800 pt. drops. Are you predicting a 7% drop in S&P (1020 to 950) but a 25% drop in the Dow (9642 to (9642-3*800)) or am I misunderstanding what you wrote?
time2shareMessage #2559 - 07/03/10 08:45 PMThe drop is either a drop to 950 on the S&P where the second stair step support is or a drop in the DOW of 800 pts. The DOW already saw a 560 pt drop in the last two and half weeks. So, in the next two weeks.... the DOW will drop again to the 9,540 range his will complete the first leg of the 3 leg downward correction. After that the next DOW drop is down to 8,740 in the end of July. GET READY FOR THE ROLLER COASTER RIDE...REMEMBER THE MARKETS WILL WANT TO CAUSE YOU TO ACT ON MULTIPLE LEVELS ...CALLS / PUTS / MARKET SELL OR WHAT YOU MIGHT THINK IS BOTTOM FISHING....RESIST THE GREED AND STAY OUT OF THIS ONSLAUGHT!!! CASH OUT AND AVOID THE PAIN...........
1cliftoMessage #2560 - 07/03/10 10:15 PMLooks to me like our dear country's economy is headed to fall over a steep cliff. It looks like the point of no return has already past. Hope I am wrong------
Crying TreeMessage #2561 - 07/03/10 10:56 PMThis whole thing is the weirdest economy ever seen. The Global Economy brought to us by Bill Clinton. Free trade or free diasater? Free houses by Geoge Bush - no job - no pay check - You qualify to own a home. Free money printing to pay for too big to fail. Now oil rescues by Obama - Sue em in court - screw the Gulf of Mexico. We'll throw the rest of the world going broke. Global Failure Economy is more like it topped with pollution.
time2shareMessage #2562 - 07/05/10 04:09 PMThink of it as a downward escalator and as you trying to go back up onto the floor you started.......As each step starts to initially rise level and then falls it gives you the impression that your keeping up with down turn But the as you start walking up you keep going down. You think your moving up but relative to ground your sinking.....This is the same effects we are under. As you struggle to pick a sector(s) or an individual stocks the Escalator (THE MARKETS) calculated in advance by previous bought prices how fast and wide the gaps have to be to catch you off base....These levels are complicated because it also takes advantage of the call / puts options also in place.....Sure there are going to be some winners.... BUT THE HOUSE HAS ALL THE CARDS IN ITS FAVOR Because it make money by making you act on stimulus (How fast and wide the gaps are)....This triggers The Greed factor disguised as (Opportunity)...As you buy at a level "X" it then flushes out the one who makes the most out of the sale "The big brokerage firms" who decide to sell and or hold the initial first offering lowest price @ 40 % discount ...this is how they con you into the HYPE buy making buy recommendations about a stock they want to push in turn it boost their earnings and creates liquidity back to them.....That's why the little guys can play and dose lose most of the time.......
time2shareMessage #2563 - 07/05/10 08:26 PMLook at the perfect example YOUR 401K'S ..............In Fact this the easiest way Wall Street can rape you right now......by playing with funds that you can not readily track because like CDO's you money pool's in hedged and a combination of different instruments.....i.e. overseas funds, large Cap funds, corporate bond's, etc. Oh by the way Corporate bonds are paying the most now because they can not go to the equity markets any more they are highly leveraged...... NOTICE HOW THE NEWS GOES OUT OF THEIR WAY TO SAY THEY HAVE RECORD CASH ON THEIR BALANCE SHEETS....This is a deceptive practice by the heavy debt loaded corporations. They rather pay the interest on the debt than pay in down...WHAT DOES THAT TELL YOU?..... THEY DO NOT TRUST THE BANKS ANY MORE!!!! As bank credit contracts the corporations feel the noose tightening and that as earnings have so called been getting better in the last three quarters......Corporate America is reducing cost by rehiring at lower salaries (worker rotation) more than enough labor inventory is out there for this, One person does the job of 3,4,5 people(They call this productivity) ps I skipped 2 because we did that back in 2008 when we got permanently digitally connected, furloughs, day's for pay, and minimum wage day(s) and you know the rest of the names used to add to their earnings, off of YOUR BACKS!!!! Corporations pad earnings and productivity reports... they are hyping the artificially propped numbers to set the banks and bond ratings up for another round of funding offerings....That in turn Boost their corporate bond ratings and they pay less interest for so called less risk..... That is how They will create the bubble and failure once again....leaving a lot of people high and dry.....DO NOT BE FOOLED IN THE CORPORATE BOND MARKETS!!!!! THEY ARE SETTING YOU UP!!!!
bankersamMessage #2564 - 07/05/10 10:43 PMI agree with BGA4444. However if we put back all the government regulation that was deregulated since the mid 90's, we could be alright. All that financial regulation was there for a very good reason, to avoid another depression. But once we got a couple of generations removed from the Great Depression, the bank lobbyists got what they wanted. Freedom to act irresponsibly and recklessly.
time2shareMessage #2565 - 07/05/10 10:54 PMLook at the Oct./Nov. time frame for the other 800 pt. drop and crash below the 6970. That is why the federal gov. made the flash crash to install the partial breaks and stop the full crash ...what we will have is now a series of controlled crashes. GET OUT NOW!!! TAKE YOUR MONEY NOW WHILE YOU CAN !!!! ...DO NOT PLAY THEIR GAME ANY MORE !!!!!
Silver OnyxMessage #2566 - 07/06/10 02:39 AM GET OUT NOW!!! TAKE YOUR MONEY NOW WHILE YOU CAN !!!! ...DO NOT PLAY THEIR GAME ANY MORE !!!!! So cash is king. Were to put it, besides under the mattress?
BGA4444Message #2567 - 07/06/10 03:22 PMCash is not king! As the dollars continues to be printed at ever increasing rates your only hedge against inflationary pressure is Gold, platinum, silver, and any other rare earth metal. No matter what happens to the dollar the cost of these will continue to skyrocket! Usually when gold rises the market goes down and visa versa but not this time. Something is way off be careful!
Silver OnyxMessage #2568 - 07/06/10 03:34 PMSomething is way off be careful! Thanks BGA4444, and "careful" is the key word.
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:36:52 GMT -5
amazenMessage #2569 - 07/06/10 04:15 PMdo not listen to those that say cash in and run for they are the ones that are running the other way and that is where you make your real money.
time2shareMessage #2570 - 07/06/10 09:28 PMBGA4444 go ahead and try being careful eating precious metals when your thirsty and hungry....Cash and food will be the last portable backup currency for most.... The impact will be felt all over....The food futures derivative markets will start to collapse after the Benzene, Methane and other gases pollute the states North of the Gulf area start felling the impact as people smell the odor and crops fail and are non editable just like the gulf seafood as 70% is now off limits to any harvesting...The heat so severe that the D.C. and Northeast areas has warnings....Freaky!! It is the fumes of the Gulf Oil disaster making so...Today's market was just a head fake to cover some positions. Look for the bottom to drop out as more bad news and repots hits the markets.....
dr pumaMessage #2571 - 07/06/10 09:52 PMWhat did I just read elsewhere? That the one million gallons of Corexit is extremely toxic. That the heating waters of the Gulf of Mexico will allow huge quantities of Corexit to convert from its liquid form into a gas which can then be carried all the way to the northeastern USA where it will fall with the rains? Yes, I believe that is what I read. No doubt other gasses, such as methane and benzene, are also becoming gasified and atmospheric. No doubt, the gasses also expand greatly as they rise. Consequently there can be adverse environmental effects at a very great distance from the Gulf of Mexico. These are all highly toxic gasses and also cancer-causing in the case of benzene, for certain. No doubt, the public health risks continue to increase day by day. Methane is a very potent greenhouse gas. Perhaps gigantic plumes of it can cause area and regional weather changes, including higher heating of land and water surfaces, such as in the northeast. I wonder if the federal and state governments are bothering to take air quality samples? It sounds like they better be taking them.
Crying TreeMessage #2572 - 07/06/10 10:50 PMCall in the Calvary after were riped out? Took three months to figure out we needed oil skimmers. Bad air - Huh? Sell bottled air & water. King Kong Made better decisions in his movies than political leaders in real life at the oil disaster in the Gulf of Mexico.
time2shareMessage #2573 - 07/07/10 05:07 AMOnce these facts start to snowball expect commodities prices to sky rocket Corn, Wheat for imports ( Like Seafood )and on the domestic front look for local markets to collapse as the fear of oil contaminated Lake Pontchartrain, and shortages of seafood. Have you been to Costco to buy Tuna or Salmon lately? Now with a displaced population due to foul air quality concerns many will get the hell out of their towns as they realize the real possible cancer and birth defect dangers. Florida will see oil wash up on both sides of its coast by end of July and further collapse the tourism industry. The midwest and northeast coast will now turn to the Government which is helpless to do anything. The more that two million barrels a day dumped into the Gulf is a product of the earth being squeezed internally due to planetary natural forces as the sun get's hotter the core keeps building up pressure and the Oil come out faster and faster that is why the oils pressure of egress has not decreased.....CASH OUT NOW BEFORE THE MARKETS GET A HOLD OF THE RAMIFICATIONS COMPLETELY!!!!!! THE TIME TO PREPARE IS NOW!!!! INVEST IN YOURSELF!!! Because the government together with the NEWS organizations will not tell you the truth about the carcinogens and air quality...THEY WANT TO AVOID A MASS EXODUS AS MUCH AS POSSIBLE OR UNTIL THEY ARE BETTER PREPARED TO HANDLE IT.........
kenc911Message #2574 - 07/07/10 06:58 AM Seems someone needs to tell our representives how to create jobs. Corporations that use overseas help will be taxed for the privledge. In the case of imports (hard goods) a 20% tax will be placed on all imports. This tax will be paid by the corporation who takes receipt of the goods. Companies that overseas provide a service will send a bill to the corporation in America. The Company will pay a 20% tax on the bills gross amount. No more credits. No more deductions. No more buisness incentives to get the ball rolling. It's time to play hard ball. we must take back our manufacturing industry. American Manufacturing for America.
dr pumaMessage #2575 - 07/07/10 10:58 AMIf the relief wells fail to seal the oil gusher, then there will only be two options. One is to do nothing, which is unthinkable. The other one is to use the nuclear device and there are huge risks with the nuclear option. If the nuclear device should cause the oil channel/reservoir and the gigantic methane bubble (which is 15 to 20 miles across and tens of feet deep) to explode, then we can pretty well kiss the southern states goodbye and also the loss of human life will be immense, no doubt it would be in the millions. I'm not sure if the American public has really awakened to these very few and terrible options. It won't be long before our fate will rest in the hands of a very few people at the top.
great depression1Message #2576 - 07/07/10 03:39 PMwhat driving the market today.........the bernake dream team............cash cash cash............invest in green ink futures.
time2shareMessage #2577 - 07/07/10 06:14 PMThis bounce is to smoke out all the heavy shorts ..as I said before, but it is happening on a day by day basis only when the shorts come in again into the markets making you fall into the short or long TRAPS......This is how the programmed markets will milk you dry!!! Again making you ACT in one way or anther.....As mentioned Sugar, Cotton, Corn supplies driving up the prices....While the markets are hinting an up swing now the Volatility is telling you the bottom drops at a flip of a switch...soon...real soon!! Look at earnings reports but most importantly guidance going forward......On the Job creation front...that is another matter....Here is my take on how Immediate Jobs will be created when the following happens A New and existing start up business and small business less than 40 people SEED FUND IS CREATED BY the FEDERAL GOVERNMENT the SBA can still take over the bigger business. THIS FUND WILL BE SEEDED FUNDS BACK BY THE GOVERNMENT without the SBA and banks as go between and cut the red tape. These funds will be used to go from Idea/ Concept rich start ups to existing 40 people business that need money for expansion. All of the qualifying business will get a two year payroll tax, plant and equipment and new hire or unemployed worker tax break. They have to be signed Business MBA Retired Mentor(s) and ( Big accounting firms should volunteer) to oversee their progress......the Max Cap for these loans/ funds per business should be set at $250,000. and funds disbursed in three stages 100k/100k/50k....As these business share in success... After the two years they are to move into the normal stream of business practices....The loans are taken over by the SBA and assigned a bank to continue the nurturing.....for another 4 year span they are welcome to a host of resources Mentors/Advice/short term emergency loans....etc. If each of the 80,000 business in each state just hired 10 people we would out of this rut in no time.....
Crying TreeMessage #2578 - 07/08/10 02:58 PMBend, Oregon murdered the wild Canadian Geese. Put them in garbage pails and buried them. Smart thing to do in a down turn of the economy? Crimes against nature?
time2shareMessage #2579 - 07/08/10 06:20 PMAnother sucker rally to kill the shorts...Boy there must have been a lot of heavy short traps for the markets to need to go all the way to up to 10,080.00 ..and it did flush out a lot of shot positions......which had you switch to long positions to cut loses at your cut off levels.......Again I told you Get out and avoid the pain now wait until earnings next week for the next long trap ..squeeze. While earnings will be down played by the media, the street has lowered earnings already factored in short positions in selected sectors. The gaps need to get bigger now at 300 pts in two days......in order to flush your money out making you act. THIS IS GETTING WORSE FOR THE INVESTORS because it is making you transact 2/3 time per move to order to cover yourself.......On the down side it had to do it 7 days straight to get you to act on the long and short positions.....That means that the DOW has to go way lower than 9,700 in the next leg in order to take your money and wipe you out....GET READY FOR THIS MOVE ON JULY 9-11th time frame. Double Dip here we come!!!
Fred BuntzMessage #2580 - 07/08/10 06:53 PMtime2share; you seem to have this all figured out. I assume you are incredibly wealthy, why do you waste your time on this message board?
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:37:45 GMT -5
BGA4444Message #2581 - 07/09/10 09:50 AMWhat lies! As the unemployed fall off the "get benefits" rolls the government just quits counting them as unemployed. What a joke! If you count the underemployed/unemployed illegals the true number is probably 25-30%. And for all you who gripe about someone loving being unemployed and getting that small check is keeping them from looking for a job. Shame on you! If they do not look for a job fine with me. Right now that leaves a opening for someone who really wants it. I think many of you who say these things are un-empathetic and anti-American.
reverendbarbMessage #2582 - 07/09/10 12:35 PMIf you count the underemployed/unemployed illegals the true number is probably 25-30%. Unfortunately, this is absolutely true!!! 
AEKaraMessage #2583 - 07/09/10 12:39 PMGuys I am really worried about 2011 and the tax hikes. We are talking the lower middle class and middle class will be hurt bad. In addition how many of us have a little dividend income coming in . Well that is going to go up, in many cases as much as 39%. if congress doesn't act now (and the cheap suit in the oval office doesn't sign whatever relief they come up with) we are looking at major pain for so many millions who are living from paycheck to paycheck...that is if they are getting one now.
common_sense.Message #2584 - 07/09/10 02:26 PMWe know that the expansion of loose credit and risk put us here. It has been building since the 1990's a time that seen the manufacturing job lossed expand at a rapid rate and imports surge. One question: do you believe we are feeling the effects of Reaganomics?
reverendbarbMessage #2585 - 07/09/10 02:44 PMfeeling the effects of Reaganomics? Oh yes, definitely. But the jokers who were gambling on wall street is also what we're feeling and will continue to feel for a long, long time.
DieselingMessage #2586 - 07/09/10 02:48 PMTake a look at your money. See that pyramid with the eye on the top. The eye is the upper (elite) end of our society. The working class is the lower portion of that pyramids foundation. Want real change. Stop transferring your money up that pyramid. Hand it back to your equal and make sure they do the same. The transfer of wealth up the pyramid will stop and stay with us. THE REAL FOUNDATION OF AMERICA. The system will fail if the transfer of wealth keeps going up this pyramid. It is only designed to enslave you. (Can you feel the weight of those stone's above you?)Those of you not working and collecting the check is part of the system of enslavement. You are dependant on your master(s). They can cut you off any time they feel fit. (They will too) Which will force you to take a very low income wage. They will win at their game. Some of you are just to asleep to see it. SO WAKE UP! You like wars? 1-4 homeless people are veterans. 18 veterans commit suicide every day. My father in-law was a WWII vet. He would cry every time he talked about the war. Your money going up the pyramid funds these wars. You swipe your plastic to pay for goods? This to is a transfer of your wealth up the pyramid. 1,2,3,4,5% of that swipe goes back to the upper class. That money is removed from the workers. Why do you think they run adds to show you it is so easy to use compared to cash. They want their cut. Seeming's this is "money talk" talk about money itself. You can make it work for you, or you can give back to your masters. You really need to know where your investments are held. If you do not like China taking over our industry. What percentage of your 401k was in foreign investments? Even if you had .005% that was .005% invested into the future of another country. Globalization is the the self destruction of America. Your selling out your own job. The world banks are in love with you people. They will promote this to being the best thing the world has ever done. DO NOT FALL FOR THERE CHARADES! Every country they have been involved with has been destroyed and the people starve and are enslaved. OK I have to go to work, so I can pass some of my wealth up the chain. It can't be completly avoided. However I will take every step I can not to give the master's my wealth. I'm sure I'll get a huge rebuttal but it is only the Master's of the money talking.
Crying TreeMessage #2587 - 07/09/10 06:26 PMDieseling - That upper eye on the pyramid of money should be closed on the new money that was printed for stimulus. Those upper elite have it alls are a sleep at the wheel while the foundation is crumbling under them. The stock market goes up and down for reasons that seem unreal. Money goes out - money comes back. Just like the tide. Major high tide - Minor high tide. Major low tide - minor low tide. Every day in the ocean - 4 tides. The markets time table is more stretched out. The big financial boom is gone for now. No great fixes coming from the eye on top the pyramid. Sell everything that has lost its value. Rough Bunch!
time2shareMessage #2588 - 07/09/10 07:48 PMWhen the ants do not go out in the middle of the day any more...There is a problem with the Sun! When the DOW volume is low in the last three days rally means the other big shoe will drop soon. The news says Corporate America has 1.5 TRILLION in cash on balance sheets.........As I mentioned the cash is to prop up earnings and efficiencies.....ALL a RUSE!!!!! Why don't they buy back their own stock? Because they do not believe in themselves and they know the real story! DO NOT BE FOOLED!!!!! The trap on the longs is set...The infusion of long money in the first of the quarter was necessary and falsely brought the markets higher while flushing out all the shorts at the same time ...WOW!!! The Market ripped off suckers at both ends....IMAGINE THAT! The Double Dip will start as the flat, disappointing earnings as well as lowering and cloudy expectations/ guidance verb age hit the real world.....lay offs are picking up steam... Wells Fargo, state and local governments budget cuts, under paid employees.....will lead to deflationary pressures to hit Real Estate, consumer spending and spin into other sectors in a mater of weeks and months ahead. Just look at the TV and the automakers now trying to sell at 0% interest for up to 72 months!!!! WOW!!! The New Car markets are on their last ditch efforts to get something going...BUT NO CIGAR!!! REAL UNEMPLOYMENT RATE IS AT 24.00% and getting Bigger!!!! What is wall street up to? The Sucker rally is on!
BGA4444Message #2589 - 07/12/10 05:55 PMIn the flooring business I can tell you the last two weeks have been the slowest I have ever seen. The worst months are January and February but these last two weeks have taken the record for slowest period. Beating any two week period in the slowest months! What in the world is going on? Is it just Atlanta?
time2shareMessage #2590 - 07/12/10 07:42 PMNo, BGA everybody is holding on for dear life...... With Tax increases on the horizon, federal government and the banking system choking liquidity and credit stimulation. What do you expect....? The hairs on the back of my neck just stood up just writing about it just now! What a bad feeling!!! Not knowing where the next piece of business is coming from is pretty scary. Corporate America is not going to put their 1.8 trillion to work and hire, etc. and just hope it comes back... THEY STOP HOPING! Until the TAX issues are settled, until the trade issues are settled, until Outrages corporate paychecks and perks issues are settled, until the markets deceptive practices and shell game(s) CDO's / Derivatives / Stock default swaps are settled, until Freddy MAC and FANIE MAE issues are settled AN OPEN CHECK BOOK TO RAPE YOU !......Notice the last TWO big double digit drops !!! and you kept putting money in...! Where did it GO!!!! INTO THEIR POCKETS!!!! NOT YOURS!! THE GAME IS STACKED AGAINST YOU....JUST STOP PLAYING....AND YOU WILL SEE WHAT HAPPENS...........THE HOUSE OF CARDS WILL FALL! THEY ARE NOTHING WITHOUT YOUR MONEY!!!!
time2shareMessage #2591 - 07/12/10 07:48 PMON THE EARLIER POST.....I WAS TALKING ABOUT YOUR 401K FUNDS and how they are an open check book to being plundered and it got censored out.......DO NOT THROW YOU MONEY AWAY ON AN EMPTY REALITY! CUT THOSE LEACHES OFF AND YOU WILL SEE!!!!
time2shareMessage #2592 - 07/13/10 07:59 PMAnother tripple digit self created false rally to give hope.........Look at the signs 1- They are selling into the rally to help each other out and inflate stock and market capitalization ( So you think now your worth more ) ALL THIS despite of the Huge Unemployment rates that are about to get higher! 1- ALCOA , CTX, Microsoft all with exception of a couple have stayed quite about forward guidance...... Huummm! Does this coincided with the holding back of capital? THEY ALL ARE HORDING CASH FOR A REASON !!! 2- Banks inventory of ghost foreclosures, Record repossessions and delinquencies will increase again this month. Look at the stock sectors that have bounced back..... Banks, Cars and Auto Tires.....When demand for cars again are at a record lows...Look at TV ads GM/ GMC/ FORD EVEN NOW...TOYOTA ARE GIVING OUT ZERO %INTEREST FINANCING FOR 60 MONTHS......3- Consumer is getting weaker and paying off more debt instead of taking on more debt....This will reflect in consumer confidence.....THIS 7 day FALSE RALLY WAS TO FLUSH OUT ALL THE SHORTS FOR SURE.....look at how high it had to go!
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bga4444
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Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:38:37 GMT -5
decoy409Message #2593 - 07/13/10 08:05 PMCome on now,today was a STREAK CONTINUING AND BIG GAINS ARE TO BE HAD HONESTLY! What we see is transfer of wealth being rounded up! And thanks to Santa's little helpers it will continue onward.
Crying TreeMessage #2594 - 07/14/10 06:02 PMSummer hiring should take the economy a ways. By winter the truth will show up for good or bad.
time2shareMessage #2595 - 07/14/10 06:35 PMToday's FOMC forecast called for a 5 to 6 yr. recovery and unemployment to stay steady at 9.53 % through out this time frame......WOW!!! What do you think is really going to happen? They see the double dip being set up with retail sales dropping two months in a row now......As consumer spending power continues to fade you will see Corporate America continuing lay off employees to maintain earnings high....BUT UP TO A POINT....UNTIL ALL THAT CASH ON HAND ON BALANCE SHEETS IS BURNED UP!!! Then you will see a new round of BANKRUPTCIES...Look for BLOCKBUSTER to be first on that list.....China is the highest consumer of metals AL, CU, Iron, Titanium and preparing like Japan for another World War mark my words they have their cover story set which is ...."Infrastructure growth" Look what happen to Google in China they want them there just to stall for time and pretend they are opening up...as China converts their metal buying into striking capable arms their "Growth" is slowing..... HUMMMM!!! WE are asleep at the wheel !!!!...With Israel ready to strike Iran in the next couple of months.....we will see China , North Korea and even Pakistan and Russia raise their sticks in the game......But not for the better!!!
DriftrMessage #2596 - 07/14/10 06:53 PMGutsy call on Blockbuster filing for bankruptcy...
BGA4444Message #2597 - 07/14/10 08:12 PMHey Time, I believe you are right on the WWIII program. China is in the process of building more aircraft carriers than currently exist in the world! Aircraft carriers and submarines are as we all know first strike weapons of mass destruction. In our current predicament if N. Korea came down south and China invaded Taiwan and Japan while at the same time Iran struck Israel our military is stretched so thin what could we do? Nuke em all? Everyone forgets that China has about a ten to one male to female population. This is due to their one baby per couple law. That law also caused millions of female babies to be aborted! How do you fix that problem other than just kill em off or find them some women somewhere else!
SteadyAsSheGoesMessage #2598 - 07/14/10 08:53 PMChina is in the process of building more aircraft carriers than currently exist in the world! Where in the world do you people come up with this CRAP !!!!!!!!!!!!!!!!!!!!!!!!
time2shareMessage #2599 - 07/14/10 09:05 PMHere is another gutsy call ; Radio Shack!!!.....They have been on the down slide forever even now the slide is accelerating. Look for more massive store closures. And then the "B" word. As the deflation cycle now starts accelerate and the double dip starts to grab traction look at a new record of Small banks to go under...90 banks have closed this year this rate will outpace last years number. As the mortgage volumes start to decrease look for more lay offs in the financial lending industry.....They are simply running out of qualified buyers.......everyone else is either unemployed...or upside down on their home and can not refinance. Look at housing starts and new and used prices, commercial and residential loans and refinance demand to decrease as well as ghost inventory to go up by two months. Look for misleading news and spikes in the numbers....1- Shipping & Containers Q2 above expected...(this was due to a mad dash to stock, but it will sit on the shelves as current inventories will last longer than ever on shelves and very slow to sell. 2- Just in time deliveries increase Fedx, UPS international deliveries to have some momentum due to only buying if they have to and filling emergency orders....but fade very quickly (This is actually a bad sign).....3- Beware of fake stock IPO's Look at Tesla's rape of investor value as the IPO took off and trapped all the suckers early in the game....More IPO's to sucker you Look at SMART TECH to be the next RAPIST in the market .......
BGA4444Message #2600 - 07/14/10 09:40 PMI must assume "steady" that you get your info directly from the CIA and you and them know much more than all the rest of the world! Do you even know how many Aircraft carriers are currently on the planet? In use today 21 there are 8 under construction 2 in reserve(mothballs) and 2 being rebuilt. China, we know decades ago wanted them. In the late 1990's they bought two of the Russian Kiev class carriers. They also contracted with a ship builder to build them one but never bought and only wanted the blueprints for some reason! I wonder why? So they could build their own that's why! Steady you are probably the same guy that said There is no way the Muslims could bring down the WTCs or attack Washington- The pentagon! Yeah Steady keep your head in the sand with the crap comments. Then when it happens you remember the crap that got told to you. If you think we Americans have got the market cornered on death and war your head is full of crap. I am just glad you know what the Chinese military plans are because you might want to let your other "steadys" at the Pentagon know!
SteadyAsSheGoesMessage #2601 - 07/14/10 10:32 PMWhy ... Yes ... I do know how many carriers are in operation, in reserve, and under construction. And I know how many carriers China bought 20 years ago and what progress they've made since. It's common knowledge and can be substantiated quite easily. But you still haven't provided any substantial proof or evidence that " China is in the process of building more aircraft carriers than currently exist in the world!" Just that you "wonder why?" they did the things they did ... and because you wonder why, you make a bunch of stuff up and type a bunch of nonsense ... or what I coined ... CRAP!!! Then ... when questioned ... you follow THAT up with more CRAP about who you think I am or what you think I may or may not believe. All because I asked you one little question ... one little phrase containing 12 little words. WOW! That is so very very
time2shareMessage #2602 - 07/15/10 02:39 AMChinese do plan to take over the world first economically and then financially and if they have too physically as last resort. Their 3 million man army is a testament to that. They know they will have to take THE USA and eventually Russia out in order to do so. China's first and second phases are in motion NOW! Economically disrupt American Trade By (Counterfeits and patient infringements ) , ( Lead contaminated toys ), ( Free and unfair slave labor ), ( Government supported subsidies ), ( Unfair trade practices ), ( Choke any signs of American penetration into markets " A LA Google" ) only investment firms are allowed because they are still trying to learn from us a way to suck capital from the Old Western Capitalism greedy mongers. The Chinese have us on a short leach and when they are ready they will have us for dinner!!!! The Chinese space program is literally about to take off in a grand fashion Launching satellite killing orbiting platforms similar to our X-48 reusable vehicle..... Look at what happen to the Buddhist.....How's your Chinese?
SilverGuy25Message #2603 - 07/15/10 03:03 AMA takeover of the world by military means will end in a very bad way for the Chinese if they should try it. I saw one poster say that they're making aircraft carriers now. Maybe, but to support a carrier fleet is an expense beyond comprehension. Take a real look and they're only just beginning to stand up a blue water navy. A total war with the US in the next decade is highly unlikely.
BGA4444Message #2604 - 07/15/10 03:15 AMWow guys I hate to tell you the bad news. We are already at war with the chinese. And by the way they are kicking our butts! All that money we have to borrow yep you guessed it comes from China. They could easily throw us into a deeper depression by pulling their money out.
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bga4444
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Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:39:30 GMT -5
SilverGuy25Message #2605 - 07/15/10 03:41 AMAnd I contend that they will not do that, it would be biting the hand that feeds them. Depression in the US is a depression around the globe, felt by every nation. China is no exception, and they know that. Militarily, its a joke to bet on them beating the US and allies anytime soon.
Crying TreeMessage #2606 - 07/15/10 03:52 AMChina has always had great Navies. The Turtles and ships as long as football fields being powered by peddling & running many paddle wheels. China has been here a long, long time. No buddy will win the next war and who wants the scraps that are radiated with nuclear fall out. A long miserable death or gone in an instant. 10,000 aircraft carriers or 24 nuclear long range missiles. Welcome to the 21st century.
AhamburgerMessage #2607 - 07/15/10 04:04 AMWake up!!! China wants to be the US, not destroy it...... money.cnn.com/2010/07/13/news/companies/Yum_Brands/index.htm Everybody owns a little piece of everybody else. It's in EVERYONE'S best interest to work together going forward. WHY??? STRENGTH IN NUMBERS AND MORE SWISS COW BELLS!! It's obvious that some posters are now trying to find a "new" fear factory outlet... Carry on....
time2shareMessage #2608 - 07/15/10 04:13 PMWhat you should really fear is every time a stock broker calls with an insider tip....... Let me tell you ..The only tip he's got is the tip that his firms wallet needs you to add to their bank account ...We have fostered a decade of new sellouts and your the mark! While China is growing stronger with your monies, your buildings and your greed they have the leverage now to call our debt and we would be working slaves for TWO GENERATIONS BEFORE we can get our financial freedom back.
time2shareMessage #2609 - 07/15/10 04:17 PMAhamberger I got a tip for you Rosetta Stone.......the Chinese version!
SteadyAsSheGoesMessage #2610 - 07/15/10 07:04 PMyeah ... I didn't think you could or would provided any substantial proof or evidence that " China is in the process of building more aircraft carriers than currently exist in the world!", BGA4444.
DriftrMessage #2611 - 07/15/10 07:07 PMThey're in step 1 of the process Steady. First they buy a couple from Russia, then they think about building more than currently exist. Then they build more than currently exist. It's a long process. :-) Edit : Steps 1 and 2 may be interchangable, so they may already have completed 2 of 3 steps. One could say they're 2/3rds complete...with the process.
SteadyAsSheGoesMessage #2612 - 07/15/10 08:27 PMStill conjecture, Driftr The 2 carriers purchased from the Soviet Union (the Minsk and Kiev) are floating amusement parks for tourists. Step 1 you say? ? Or is that step 2 of their diabolical plan? In 1998, China did purchase the ex-Soviet carrier Varyag. It was a floating hull stripped of military equipment and her propulsion system. There are reports that instead of converting it into a Casino, China is trying to retrofit it for carrier operations. Let's not forget about the 1985 purchase of the HMAS Melbourne from Australia. Melbourne was decommissioned in 1982 (it was commissioned in 1955), stripped of all military equipment and engines, before being sold as scrap. I actually had the opportunity to sail along side her in 1981 in the Indian Ocean. There were reports in 2009 that China may have as many as 4 carriers currently under construction .... but that's a far cry from the claim " China is in the process of building more aircraft carriers than currently exist in the world!", that BGA4444 makes. I'm done with this debate. You guys believe what you want ... I just wish you'd STOP posting your fears and conjectures as FACTS ... or in this case ... as CRAP!!!!!!
DriftrMessage #2613 - 07/15/10 08:31 PMSteady. You misunderstood me. I was actually agreeing with you in my own sarcastic way. Obviously it didn't translate well.
ImgamekcMessage #2614 - 07/15/10 08:34 PMThe US is not in a depression, but perhaps you are .. one word my friend.. Zoloft!
time2shareMessage #2615 - 07/15/10 08:39 PMSteady isn't Ignorance bliss.....The metal purchases do not match their Building plant, infrastructure and commercial growth and raw material usage. The biggest clue is that they are not stock piling either. They are scimming metals from the top or bottom how ever you want to look at it.... So that ghost carrier fleet is being built some where....My Guess is an under ground ship yard base inside a steep mountain on the coastline off of deep water. A thin rock facade A LA MOONRAKER only vertical can cover the entrance and open at time of surprise.... it could also double a a sub-base as well.
SteadyAsSheGoesMessage #2616 - 07/15/10 09:30 PMGood Grief, time2share  No worries, Driftr (guess I didn't "hear" the sarcasm in you typed words) 
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bga4444
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Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:40:22 GMT -5
rovoMessage #2617 - 07/15/10 09:46 PMtime2share, Let's try to stick with provable facts and market related items. rovo -- MSN Money Moderator
Falling Sky - NotMessage #2618 - 07/15/10 10:10 PMThe US Defense Department reported in early 2009 that "Analysts in and out of government project that China will not have an operational, domestically-produced carrier and associated ships before 2015. However, changes in China·s shipbuilding capability and degree of foreign assistance to the program could alter those projections. The PLA Navy is considering building multiple carriers by 2020." China's navy will develop a new generation of warships and aircraft to give it much longer-range capabilities, its commander-in-chief said in comments published Thursday April 16 2009. Admiral Wu Shengli told the state-run China Daily newspaper the Chinese navy wanted to develop hardware such as large combat warships, stealth submarines with abilities to travel further and supersonic cruise aircraft. More accurate long-range missiles, deep-sea torpedoes and a general upgrade of information technology were also in the pipeline, according to Wu. ·The navy will establish a maritime defense system that corresponds with the need to protect China's maritime security and economic development," Wu said. The English-language China Daily, which the government uses to deliver messages to a foreign audience, printed his comments on its front page and said it had obtained a rare interview with such a high-ranking military figure. It quoted other Chinese military figures as saying that Wu's reference to building large warships referred to highly-publicized plans to build an aircraft carrier, but also other unspecified vessels. www.globalsecurity.org/military/world/china/cv.htm It seems they are just now building their first Aircraft Carrier.
time2shareMessage #2619 - 07/16/10 01:36 AMAll of these topics are relavent to commonities and futures markets and so is the oil spill and the regions economic impact as it relats to causing a depression and thus "MAKE NO MISTAKE WE RE IN A DRESSION"
AhamburgerMessage #2620 - 07/16/10 02:07 AMA DRESSION Is that what you put on a salad, or the thing you stuff a turkey with? JK....
htmanningMessage #2621 - 07/16/10 02:12 AMThe seeds of disaster are being cultivated within our fiat currency. Politicians provide an abundance of fertilizer with always more social programs that do not consider future costs. The immoral compassion which denies any need of merit moves the nation's spending habits. National leaders around the 'developed' world justify debt spending by the actions of other debt spending nations. How many balls can these clowns juggle? It look so easy. As long as they keep juggling the game is good. But more debt requires yet another ball to juggle. If he could juggle another one we can extend unemployment. Now one for for the Boomers! I think we can handle yet another one for Obama care! That's it, we're going to make it, just one more!!!! The debt grows and no national discussion takes place about slowing it down. The insane pressure it put to increase our debt to keep the 'momentum of recovery' going!!! We over steer the economy with debt and are out of control. Increasing debt requires more bonds to sell, but we must keep interest rates low! Will inflation concerns arise? Ever more boomers to send money to, but keep interest rates low. Ever more homes taken back by banks to be quickly put put on the market, but we must keep interest rates low. More debt = low interest rates? How long can we stretch this incongruity? More fiat spending = economic recovery? Our inability to create wealth prevents America from having its recovery. The Keynesians have it all wrong but Keyenesianism is the only rationalization available to politicians to make it all better! Dig this: We cannot compete with China and India and Brazil or other developing nations! Why? Our entitlement overhead is simply too high and will remain too high until our economic reality (our growing debt burden) FORCES our government to cut into the falseness of our actions. It will be time to amputate. We will be forced to exorcise the tumors economic fallacy. Until then we'll 'debt feed' this recession until it grows over the threshold of conflagration. We are likely the generation who will witness the deepest depression the world will ever suffer. Yet even now government can't think outside it's box. It will stupidly fix prices and wages in an attempt to stall that unfolding disaster. As if catching a greasy very sharp falling knife. But the people will be deeply cut as producers will be forced out of business. Then store shelves will empty with the terror of panic. This inflation will turn all assumptions upside down and a box of ammo will be worth an ounce of gold. Food will be horded and protected with guns. Politicians will hide to save their lives.
rovoMessage #2622 - 07/16/10 02:19 AMhtmanning, Take it to the politics board. rovo -- MSN Money Moderator
htmanningMessage #2623 - 07/16/10 02:56 AMHonest Capitalism backs its money with commodities (gold, silver, livestock, etc.). In old capitalistic America one could take his dollar to the bank and demand the equivalent in that commodity. A gold certificate (green-backs backed by gold) Now you can go to the bank and demand another federal reserve note like the one your gave with your demand for real money. This is the stake through the heart of the failure of American capitalism. As Milton Friedman wrote in Money Mischief, "No fiat currency ever survived". We use money that 'requires' that we trust our government. We should be trusting each other as we trade with each other. What we now have is not what our founders designed at all! Fiat currency is our government's license to steal. And man oh man how they have stolen and destroyed and continue at a higher pitch that ever to steal and now they are desperate as our very future is at stake by their over zealous theft! If your neighbor steals from you, is he your enemy or your friend?
Crying TreeMessage #2624 - 07/16/10 04:16 AMBP finally stopped the oil in the Gulf of Mexico. Was it a world record time or the only time of plugging a deep water oil gusher? Now we get  and the oil company disappears a long with the money. The song and dance. They did it pretty good in California. Count on your oil money - whoops - new disaster strikes and the gulf is history a long with others & oil cash.
time2shareMessage #2625 - 07/16/10 04:44 PMLook at my 2509, 2544 and 2579 post ......Get Ready!!!! The news is really bad!!! The consumer is about to wipe out...and chance the whole sentiment of the economy!
BGA4444Message #2626 - 07/20/10 04:40 PMFord just sent me a email- New Ford cars and trucks at 0 interest and a $1,000 dollar rebate. You got to have some gimmick to sell cars and trucks. I believe we are about to hit the cash for clunkers time period where cars sales are going to fall thru the floor! For some reason Corporate profits are beginning to suffer. Does anybody out there know why?
time2shareMessage #2627 - 07/21/10 03:42 PMLook for more false expectations and hype in order to bring in more sheep for wool and just before the slaughter. Computer trading will flush out the longs and shorts all in one day look at yesterday's trading session.......this promotes you to trade twice to play the stop gaps.... WHAT A SCAM !!! Wall Street trading volumes are decreasing month on month and now it is doubling its efforts to catch up on volume...and the sheep keep coming.....Oh MAN! Will they ever learn!!!
time2shareMessage #2628 - 07/21/10 07:33 PMWhile Europe is bracing, establishing a clearing house and printing tons of money to shield the USA when it starts to collapse and default on debts.....The USA is bracing for major liquidity issues when the downward escalator dive (so called a double dip) or ("down side risk of a DD") continues...it is certain that Ben's Bernanke knows we are past the tipping point.........two months to go and it is all over! 3.0% GDP growth? Ben is out of his mind..! More like 1.8% after the Double dip....in August grabs hold!!! The markets Up 75 pts down and 140+ pts the next day The Markets are using the sheers to trim the wool and give the sheep a hair cut and keep the hamsters moving...They even have a foreign car commercial that depicts us consumers as hamsters...." YOU CAN GO WITH THIS OR YOU CAN GO WITH THAT "! HOW FUNNY!!
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bga4444
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Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:41:14 GMT -5
BGA4444Message #2629 - 07/26/10 07:00 PMSpecial news program last night showing how the poor and unemployed are not making it. They have even given this one a new name - "The great recession". I can tell you in the great depression most were to poor to be affected by what happen on Wall st. This time we all have been drug down by the greed on Wall st. Market up again for the year and finally slightly above 2000's mark. That is (Market Term) ex-inflation! Except for Frank's clients I am sure they have all doubled their money! Right Frank wink wink grins!
decoy409Message #2630 - 07/26/10 07:58 PMThis time we all have been drug down by the greed on Wall st. And the PUMPERS continue to PUMP as if it is all the world's glory when in actuality their PUMPING of CLAIMS is nothing more than SUCKERING. The PUMPER has learned to live with their self and feels it is JUSTIFIED no matter who or what damage toll it rakes. SEE , the PUMPER is not after the better interests of anything but their own GREED. They may have track records of great dignity and honesty,but far,far from the real truth is those things.
rjslrsMessage #2631 - 07/26/10 08:04 PMI can tell you in the great depression most were to poor to be affected by what happen on Wall st. This time we all have been drug down by the greed on Wall st. They were drug down back then too, they just didn't realize it..............not sure enough realize it today. Our predecessors were far better "conditioned" for what happened than we will be.
decoy409Message #2632 - 07/26/10 08:15 PMThey were drug down back then too, they just didn't realize it..............not sure enough realize it today. I think one of the most troubling things as that people do not realize it. They speak of custom manufacturing (which by no means am I appalled to) however some fail to realize that the mark we are presently at is building to take it's massive toll. As well I have said it over and over that in the past there were fewer people and that there was jobs to be created for everyone. That is NOT THE CASE any longer. But the huge surplus in people in the U.S. alone is astonishing. This boat is being MILKED for ANYTHING it has left to give. The PUMPER can exclaim all they like,but the TRUTH is what they leave out. For anybody to actually praise the falsification as being mighty is a culprit all of their own.
kman49Message #2633 - 07/26/10 08:39 PMThey speak of custom manufacturing (which by no means am I appalled to) Glad to hear it. We should all take a lesson from the Amish. Custom products, self financing, not exactly the snappiest dressers but you know what I mean.
great depression1Message #2634 - 07/26/10 09:02 PMWhats really sad is bernake and geithner are doing the same things again at the fed that caused the great depression.Last time it took 4 years for them to admit,yep we screwed it all up.......1933 here we is.
neohguyMessage #2635 - 07/27/10 01:19 PMseekingalpha.com/article/216468-ecri-is-it-really-different-this-time?source=email  [ seekingalpha.com/] Home · [ seekingalpha.com/sector/usmarket] US Market · [ seekingalpha.com/tag/market-outlook] Market Outlook, [ seekingalpha.com/tag/economy] Economy <script type="text/javascript">GA_googleFillSlot_sa("Search_195x45_Dropdo[ seekingalpha.com/author/the-pragmatic-capitalist] The Pragmatic Capitalist [ seekingalpha.com/author/the-pragmatic-capitalist/followers] 53203 Followers [ seekingalpha.com/author/the-pragmatic-capitalist/following] 5 Following Following You are currently following The Pragmatic CapitalistStop Following You are no longer following The Pragmatic Capitalist Send Message About this author: Submit an article to [ finance.yahoo.com/]  [ us.rd.yahoo.com/my/atm/Seeking%20Alpha/Seeking%20Alpha%20US%20Market/*http://add.my.yahoo.com/rss?url=/sector/usmarket.xml]  [ seekingalpha.com/article/216468-ecri-is-it-really-different-this-time?source=email#]  The following chart needs no explanation: [ static.seekingalpha.com/uploads/2010/7/26/saupload_ecri3.png]  johnbatchelorshow.com/jb/2010/07/ecri-warning/ Spoke Paul Vigna, [www.wsj.com/] WSJ, re the [en.wikipedia.org/wiki/Economic_Cycle_Research_Institute] ECRI, a private index that is regarded privately as a careful [en.wikipedia.org/wiki/Leading_indicators] leading indicator of [en.wikipedia.org/wiki/Economics] economic activity. The bad news is that the ECRI has now gone negative to -10.5. What does this mean. Everytime since 1980 that the ECRI has gone beloew -10.0 there has been a [en.wikipedia.org/wiki/Recession] recession in 13 weeks....
Murphy MartinMessage #2636 - 07/27/10 02:01 PMIf you don't want to be in a depression, DON'T BE. If you're clever enough to figure out how to log on to this website, then use your cognitive skills to earn a living. Don't whine. A period of "creative destruction" (Schumpeter's term) is the best of all possible times for an intelligent person to live. Because the opportunity is unparalleled.
time2shareMessage #2637 - 07/28/10 02:03 AMThat is all the CEO's and the Media want us to believe...Just as we get bombarded daily with great earnings reports...Well.. they are coming at the expense of the unemployed. Do you call that creative destruction? Neohguy is right!.....Maybe Murphy you should tell the 1,500 United Technologies workers that are about to be laid off ....What CREATIVE DESTRUCTION means??? The Stock Market and financial institutions are about to collapse and take as much of our wealth with them ......Well the TOP 5 Brokerage and Banking firms (The too big to fail firms) are still playing the shell game with your Pensions and 401K's.....NOW.... That is! ...CREATIVE DESTRUCTION at its intelligent best!!!! SET THE HAMSTERS FREE!!!! The double dip is coming, more depression, more disasters and right after that the war in November is coming and right after that ......Well it is all over......!!! I Finally got another check of 1k last night... from my EX Principle 401K frozen Fund, they still owe me now 2,500.00 the good news is I may get my money back before the world ends.....The bad news is that it came about the Madoff way the Great Wall street Ponzi scheme. I am sorry if any of you lost any money this quarter it probably came from your loss trade accounts!!!
BGA4444Message #2638 - 07/29/10 01:43 PMHey M & M, I do not think most of the posters on MT have a problem! But I do report how bad it really is for businesses in Atlanta. We are still in business because of cost cutting, laying off employees, bidding jobs many times at just above cost, and using our "cognitive skills" to survive. We have done these things while having the government close our local bank. This bank knew us and worked with us in many ways. However, thanks to all the grease the government has supplied to the "Too big to fail banks" we can not get credit for anything. We have been slow pay because many times we got "no pay" for materials and work we did. We are COD for most materials. We are still surviving. Even though it looks like Washington has done everything politically possible to put us out of business. The "grease" given to the big banks has been used to stick it to the American people and small business. Help from Washington for main st what a joke!
1939sMessage #2639 - 07/29/10 03:01 PMMessage # 2636: Murphy you have to be living on Fantasy Island !! Or maybe you're just disconnected from reality?
Crying TreeMessage #2640 - 07/29/10 03:34 PMtime2share - Frozen Fund - Happen to me in a 401k. Watch the stock drop and handcuffed to a frozen fund. Nothing like your own stock account with full access. 401k's are handicapped funds of someone else's selections or profits with too many hidden rules.............. Illegal immigration is also a reason for unemployment. Pay the half wages to illegal's. They know their illegal - We know their illegal - The Federal Government knows their illegal. What is the PROBLEM!!!!!!!!
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bga4444
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Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:42:07 GMT -5
time2shareMessage #2641 - 07/29/10 08:44 PMI will be a cold day in hell before THE PRINCIPAL or any other broker or fund rips me off again......It is quite evident that our financial institutions are all only interested in their own pockets and let the blind investors kill themselves over the scrapes!!! Look around you can see the lies are right in front of you! PAY ATTENTION! I am not the only one BIG MONEY is EXITING ALL MUTUAL and 401K's for the THIRD STRAIGHT MONTH and will continue to do so.....WHY ? WE DO NOT TRUST BIG CORPORATE COMPANIES AND FINANCIAL INSTITUTIONS ANYMORE!!!!The other day the new General Motors CEO was in front of the camera justifying the purchase of a finance company that specialized in leasing into the marginal consumers markets and said that all Cadillac preorders are sold out.....and I get in the mail a 0% interest Cadillac coupon to for 72 months...If demand is Sooooo high and its line is Sooooo sold out THEN.....WHY do they spend Marketing funds to push it at 0% finance rate GM Cadillac cars....MORE.....Lies! The Truth is GM is burning cash by the tons and can not keep up with the drain...They have to prop up the numbers with a cash flow source to keep them a float until it goes public and Lies to investors again!!!! Wait until CHINA's new car introduction in 2014. CHINA WILL EAT GM's LUNCH SOON ENOUGH !!!!...Buffet will see to that!!!. Look at the GDP number tomorrow. Growth is slowing down dramatically and deflation is picking up steam...as more layoffs continue behind the scenes......look for lower demand and lower incomes which will translate to lower consumer sentiment/ confidence and a decrease in spending on consumer stables, restaurants, Starbucks and YES, this time even FAST FOOD..!! The Markets are pronging you now to move on multiple fronts and not just buy and sell...it is also making you to cover on put and call protection on the up and down sides many more times to make money off of you....Remember That is what keeps the Wall Street Scalpers in business.....I refuse to do that ANYMORE!!! As sure the earth quakes in California tomorrow we are headed for a down turn so deep that there will be no place to hide!
homlissMessage #2642 - 07/30/10 04:39 AMEvery day I watch read and listen to whats going on around me and my family, I see Big Banks and Wall Street getting a way with the biggest crime ever, I have been playing by the rules, working hard all my life, I was laid-off for 14 months finally getting a job 1/2 the pay. I'm trying to get help with my home loan under the Making Home Affordable Plan for 10 months now this is my story, million of good people have all ready lose their home. Decoy49 your right. Our Gov. all monthly numbers are not true reading. Deflation is going to choke off any recovery, We Are All Tired Now. As sure the earth quakes in Calif. we are headed for a down turn, there's nowhere to hide!
BGA4444Message #2643 - 07/30/10 10:14 AMHomliss, thanks for the post. I know you are tired but please don't give up. Your situation as well as mine are two that do not show up in any reports. You are now working, but for half the pay. I am still working, but also for half the pay. Our situations are common place. The consumer spending, federal, state, and local tax implications for people like us are devastating to the economy. Up and above the unemployment numbers people who are working for less are in the tens of millions! People who have received no wage increase in years are losing buying power everyday because of inflation. Yet the recovery is underway-bull. There is no recovery. To keep from calling this a depression the powers are now calling this thing " the great recession ". I believe I will call it what it really is " The great smoke and mirror depression ". Hey to save your home have you moved in some family members to help cut cost? Many people I know are doing this. Good luck and may God bless you in your hour of need.
time2shareMessage #2644 - 07/30/10 04:26 PMHomliss, I feel for you......I know what it is to be out of work.....And your options getting more and more limited.......DO NOT GIVE UP! While all of Wall Street is getting a good night sleep happy taking..taking and taking .....I am starting to get a good night sleep knowing they are not taking from me...!!! I am in a mad dash investing in myself and being in control...realizing that I have the money power now and I am being very careful and turning small but progressive profits in a market that I know. Find your Passion and put it to work, even if it is part time for now, But put it to work......like the any market know what and where you can sell and then buy it for scrap or less and flip it.....over and over.....again....It could be Gear...or collectables. or...cars....whatever....I am doing it ..and I started with a 700.00 bank and I bought something for 275.00 I knew I could sell fast for 400.00 and now my bank it is up to 4,500.00 ...start small ..and it will grow...trust in yourself......and good luck!
Crying TreeMessage #2645 - 07/30/10 06:42 PMtime2share - Trust in yourself - Bingo!
time2shareMessage #2646 - 07/30/10 09:31 PMWhile Wall Street takes a breather and waits to see how to play you...As I said GDP is lower 2.4 and falling (still to be revised lower)and Wall Street is now waiting to see how your positioning shorts and longs to computer trade you into oblivion.....The markets are fixed against you... as deflation continues look for more downward pressure.....Revenue is up because employers are not paying higher salaries or the healthcare cost associated with a larger workforce ..Look for Healthcare provider companies to drop in rotation. Look for companies to start selling assets/divisions/spinoffs to generate cash...and the M & A activity to buzz for a while to pass the time away....Chrysler to hire 1,100 at 14.00/hr. Who can live off of that? Unless you go back to living with Mom and Dad and live at 1/2 rent NOW THAT'S DEFLATION AT ITS BEST! I am working again after 8 months out and I just got a call from my previous employer to start at 15k less than I was making.. I decided the offer...! I though at first that it was pride, but then gave in to the fact that I was evolving! Plus my ex boss(s) spoke out of both sides of his mouth( hated that )! Strong people will transform and get over this hump much better than they started and be better because of it.... Look for false profits or false prophets in these times....!!! I find both to be the case!!!!! My greatest Stock Dog looking to rip you off....... GM IPO/ FORD / Chrysler IPO .....China will eat them up in two years time.....Smartech..IPO - Smart Board Technology has limited real educational and applications potential, plus all schools are under tremendous budget strains. Blockbuster and Radio Shack starting death spiral...Pizza anyone? Look for all Fast food and restaurant chains to suffer huge declines KFCHic, McD, BKing, OliveG, Fdays, RLobster as average ticket purchases go down as well as movies theater box office sales after the Avatar craze the box office summer bust season will continue to expand into fall box office losers....Look for Movie studios to go up for sale as they become huge cash drains on their parents......
djrickMessage #2647 - 07/30/10 10:42 PMHere is a real drag on the economy, among other things. I'm getting sick of this stuff. [ www.bbc.co.uk/news/world-south-asia-10816058] BBC News - July is deadliest month of Afghanistan war for US
BGA4444Message #2648 - 07/31/10 08:39 PMA trillion dollars of rare earth elements! We will never leave! But DJ it makes me sick too!
Murphy MartinMessage #2649 - 08/02/10 11:25 AMMessage # 2636: Murphy you have to be living on Fantasy Island !! Or maybe you're just disconnected from reality? So... tell me about "reality". In my opinion, "creative destruction" means that blacksmiths in 1900 have to reconcile themselves to the car, and the fact that there may not be demand for blacksmiths 10 years later. If you have a different definition of "reality"-- one that, what, says that blacksmiths' jobs should STILL exist, even today?-- then please do explain to ignorant and unrealistic folks like myself. Creative destruction rocks, dude. And the people affected will be divided into those whose only response is to whine, and those who may whine but will in any case develop new skills and adapt. And yes, everyone is cordially invited to adapt. (Though you may think adapting to change is "disconnected from reality"-- and yes, you're entitled to think that. Just as the blacksmith of 1900 was entitled to think the emergence of the car wouldn't/ couldn't/ shouldn't challenge his livelihood).
time2shareMessage #2650 - 08/02/10 11:14 PMHere we go again another round of trying to convince small investors to get into the markets.....All the heavy shorts got wiped out again.!!..and again that is the way to turn the market bullish ahead of the turn...NOT THIS TIME!!!! All Cnbc, MadM and guest sentiments are NO Double Dip and to get in now and their are still a lot of "good bargains" to be had out their even at these very high prices....WOW!!! What a snow job before the snow.....!!!! The volume LOW tells it all DO NOT GET CAUGHT INTO THE TRAP AND PROMISES OF PROFITS AND GREED......The market will you the minute it turns positive...Today was the institutional money that had to get back in to putting back to lose as these levels CAN NOT BE Maintained........AS one the first time Unemployment #'s Bucket is lowered the "unemployed that so called stop looking is filling up FASTER ...What a Shell game....!!! And all of these Market fluctuations before the TAX hike Hamm!! Watch sell on rallies and look now for one day 2-5% turns up or down that is how the automatic computer traders are milking now...Wipe out the shorts today and then wipe out the longs tomorrow...and make you add put /calls protection along the way and blow by those to make you take action......Do not be suckered into these session...STAY OUT!!!!
Murphy MartinMessage #2651 - 08/03/10 03:01 PMHere we go again another round of trying to convince small investors to get into the markets..... I'm a little investor who has taken a minimum of $4k in profits in the stock market each and every month since the beginning of 2009. (If I were a "big" investor, I wouldn't crow about $4k, which really isn't all that much). It's all a matter of hedging: long vs. short, puts vs. calls, meanwhile collecting dividends simply because one can. This isn't rocket science, folks. Just read your Malkiel and Graham and Siegel and study your balance sheets. That's all there is to it. Unless, of course, you'd prefer to whine about how the little guy is treated unfairly. Actually, that may not be a bad idea: if you whine 6000 times Kroger will give you a free bag of groceries... or is that just a rumor?
BGA4444Message #2652 - 08/05/10 07:08 PMWell another month bites the dust July 2010. July(10) vs July(09) only down 20%. I was telling one of my reps the other day, a good month now would have been a bad really bad month three years ago. We are still standing. We are like a cat holding on to the side of a cliff. I must give credit to our employees and our owner and our installers. Everyone to a man/woman has taken a 20%+ pay cut. Yet we are still here! I believe by the grace of God. Every week it is the same thing cash flow, make materials, make labor, make payroll. Our company is stressed and stretched to the breaking point. We have been for quite sometime. To all small companies that are getting by just like us-my hat is off to you. May God bless you and comfort you. God speed to you all!
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:42:59 GMT -5
Life was goodMessage #2653 - 08/05/10 07:36 PMEvery week it is the same thing cash flow, make materials, make labor, make payroll. Our company is stressed and stretched to the breaking point. We have been for quite sometime. Unfortunately this is the condition of many small businesses. However, the damage isn't finished yet. Next round will either send small business out of business or more layoffs. For a small business of 10, laying of 5 is significant. Many small business owners have deferred compensation to keep the company dream alive. Yet our government insists on taxing Small Business owners in the same brackets as millionaires.
BGA4444Message #2654 - 08/06/10 01:27 PMWe lose 131,000 jobs in July, but we must add nearly 200,000 jobs because of population growth and immigrants, just to break even. So really we lost another 69,000 jobs. Somebody in Washington better figure this out or you are going to have more than just disgruntled voters! Side note our company at the behest of one of our closest salesman tries to help out one of his good customers (who is on credit hold with suppliers and is C.O.D.) by selling him materials at cost. We end up with a $10,000 bounced check. Sometimes you just can not win for losing!
Crying TreeMessage #2655 - 08/06/10 01:50 PMBGA4444 - No Good Deed Goes Unpunished. You should know better by now. I have paid a dear price for good deeds. The great creator gives you the punishment for interfering in his work.
time2shareMessage #2656 - 08/07/10 07:07 PMAs I mentioned in the previous post look at the Wheat ,Titanium, silver, gold and even Copper prices...They are sky rocketing the last one copper the most important because every time copper goes high it is usually a prelude to WAR.....If you just woke up China has developed a "Carrier killing Smart Missile" that will be deployed by the end of the year..... with a range of 1,500 miles. That is why you see all the precious metals Titanium, gold, copper, iron and even High strength aluminum be bought in record tons by China. They are mining in Iran as well and who's to say how they split it to make it look like it is all being sold for Infrastructure and commercial applications. This upcoming double dip that started this month as we will come to find out will take us to the brink and the shell game continues with the GDP , Unemployment, under employed, discouraged workers, Part time workers, Just Grad. college workforce, Workers have just given up wish they have a job numbers all get shell transferred in the press to make it look like it is not as bad as it is.....9.5 final unemployed as unchanged number is reported....WHAT A JOKE! This number will be revised lower next month to lesson the impact of the start of a Double dip....On friday some economic indicators showed now a 75% chance of a double dip if the consumer does not start spending.......!!! How about 100% is has started already...The consumer as no money left after $81.00 a barrel of oil and price at the pump took a .12 cent hike this last week further eroding disposable income.....Food prices are also rising and watch the CPI go up his month with oil, food and bread being the leading contributors. With the back to school buying season starting this week in full swing.....as school starts around August 23rd in most states this leaves three weeks to move a major amount of school clothes gear and supplies...........it is looking to be a very slow 3rd and 4th quarter. Kmart, Wal-Mart, Sears looking to start their 0% interest LAYAWAY PLANS EARLY and hope to lock in customers and head off what could be a disastrous Holiday Season. That is a really bad sign that they are ALL starting Lay Away early in August for the Holiday/Christmas season. The Markets are poised for another correction in late August and Early September after disappointing back to school numbers and the double dip being confirmed taking hold. I missed the call on Barnes and Nobles being in trouble even after seeing three of their local stores close recently and another two stores not renewing their lease and will close in six to eight months. GET READY FOR THE DOWN TURN!!!!
djrickMessage #2657 - 08/08/10 12:56 AMnull
Stay PutMessage #2658 - 08/08/10 07:37 AMMake no mistake we are in a depression. Funny how this string has changed so much in tone since it, mine, and so many others first sounded the alarm. Go back and look at all of the know it all types that repeatedly called us "doom and gloomers", and took every pot shot that they could. Look at this government generated report, or that one. Look at the market indicators here or there that just "prove" that we are supposedly in a recovery. And the list goes on and on of all of the lying government spin that all of the sheeple clung on to for deal life, while refusing to even consider the possibility that Depression II was just beginning, and now fully under way. If any of you have taken the time, you'll notice that the only ones still trying to sell the "snake oil" are those whose very livelihoods come from the markets, or the few that seem to have too much denial to be legitimate believers in the lie called the recovery. I won't speculate as to who the latter might actually be. We have been, and are continuing to be lied to and ripped off by the incumbents. Come November, how about we make the change that we all can actually believe in, by changing out all of the incumbents with Constitutional Candidates that will give us back our Constitution; our money, our jobs, and our country.
rjslrsMessage #2659 - 08/08/10 12:11 PMIllinois just cut school transportation reimbursements by 42% (a couple of weeks ago, I was told it would be 20%). Transportation at our school is the only bright spot financially, both of the other "big" budget areas are bleeding red ink (education and building maintenance). If transportation is forced to use up its reserves, it would seem that we will end up on the state financial watch list ( but so will every other school not already on it) Time to go out and make another victory lap on the "Summer of Recovery"
time2shareMessage #2660 - 08/08/10 10:37 PMThis is the great depression, PERIOD!....Deeper than the 1930's for sure! The difference between then and now are the safety nets.... They have slowed the food lines some, banks allowing you to live rent free for 1 year or more before acting and have curtailed the homeless some and food stamp recipients now are at record levels. Even with all of these measures in place the dominoes continue to fall......110 Banks have fallen so far this year (at a new record pace), another round of job losses signal a second leg of a deeper double dip Recession and deflationary erosion of buying power it is happening right now all over it is just worst in some places that others. Corporations have to raise prices in order to just maintain their infrastructure cost so they can make up for the lack of volume.....adding further to price hikes on our most basic core CPI products and further killing our buying power. We are being strangled at both ends...You can make money and move the Hamster wheel... But your not going anywhere.......STAY OUT, CASH IN AND AVOID THE PAIN!!!! THE MARKETS WILL CRASH SOON, PENSIONS WILL CRUMBLE...AND YOUR 401k's will be FROZEN at best......OPEN YOUR EYES!!!!! THEIR GAME IS ENDING!!!! DO NOT GET CAUGHT IN THE MIDDLE!!!
decoy409Message #2661 - 08/08/10 11:28 PMtimetoshare , howdy! Say take it easy a little. This is nothing. I said the cartoons were playing and I introduced 'let's all go to the lobby' just before the flick started. So what I am trying to say is there was still some time left before the movie began. But now The BIG Show has begun. But this isn't nothing yet! It's kinda like a drama and you get to know the characters type a deal to start. Then the plot thickens from there. I have not kept the actual hours and minutes of the time the reel has been running but I would say we are well past the halfway mark. I here it gets really good because right when you think you know what is going to happen,they fool you! It really is just like a movie,why even the teleprompter messes up here and there!
rjslrsMessage #2662 - 08/09/10 02:44 AMIs there gonna be time during intermission to make another "summer of recovery" victory lap?
Murphy MartinMessage #2663 - 08/09/10 10:29 AMWe lose 131,000 jobs in July, but we must add nearly 200,000 jobs because of population growth and immigrants, just to break even. So really we lost another 69,000 jobs. Somebody in Washington better figure this out or you are going to have more than just disgruntled voters! How about this: Washington ought to stop TRYING to figure this out. If folks want a job, and one doesn't exist, then folks should figure out how to do something that someone with money will pay for. The Founding Fathers didn't concern themselves with trying to "create jobs" for people who couldn't muster up enough effort to create their own job. (Or did they? Tell me if I'm wrong).
Murphy MartinMessage #2664 - 08/09/10 10:35 AMThis is the great depression, PERIOD!....Deeper than the 1930's for sure! What a mystifying thing to say. The Great Depression was global, and countries like the USA and Germany saw industrial production fall nearly in half (with unemployment crossing 30%). Today's economy continues to grow, and no major country's production has been halved. I'm working on the assumption that if one era sees production fall by 50%, and another era sees it fall by 10%, the latter isn't "deeper".
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:43:52 GMT -5
great depression1Message #2665 - 08/09/10 11:35 AM[ www.ft.com/cms/s/0/dedcb986-a316-11df-8cf4-00144feabdc0.html] FED SET TO DOWNGRADE OUTLOOK www.ft.com/cms/s/0/dedcb986-a316-11df-8cf4-00144feabdc0.html
BGA4444Message #2666 - 08/09/10 11:55 AMMurphy, what I think you do not get is the loss of non-service jobs(manufacturing) to China and other third world countries. Eventually we will not produce anything here but food, airplanes, and weapons of war. All third world countries can produce any widgets cheaper than us. Look at the Indian car $3,000 bucks and 50 miles per gallon. How long do you think all the car manufacturers are going to be able to compete with that? Two things need to happen to restore jobs to the US. First a tax on all imported goods given directly via tax credits to existing industries to level the playing field on cost. This will save and or increase jobs here in America. Next the government gives no more cash handouts to poor countries. They only get credits to buy American goods or services. Something has got to change or we are doomed, It may already be too late. The treasonous politicians in Washington should be to a man and woman voted out of office. I believe all incumbents must go to restore America to its previous greatness. Getting all those crooks out of Washington is our only hope!
great depression1Message #2667 - 08/09/10 01:08 PM 1927-1933 Chart of Pompous Prognosticators www.gold-eagle.com/editorials_01/seymour062001.html 1. "We will not have any more crashes in our time." - John Maynard Keynes in 1927 2. "I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future." - E. H. H. Simmons, President, New York Stock Exchange, January 12, 1928 "There will be no interruption of our permanent prosperity." - Myron E. Forbes, President, Pierce Arrow Motor Car Co., January 12, 1928 3. "No Congress of the United States ever assembled, on surveying the state of the Union, has met with a more pleasing prospect than that which appears at the present time. In the domestic field there is tranquility and contentment...and the highest record of years of prosperity. In the foreign field there is peace, the goodwill which comes from mutual understanding." - Calvin Coolidge December 4, 1928 4. "There may be a recession in stock prices, but not anything in the nature of a crash." - Irving Fisher, leading U.S. economist , New York Times, Sept. 5, 1929 5. "Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months." - Irving Fisher, Ph.D. in economics, Oct. 17, 1929 "This crash is not going to have much effect on business." - Arthur Reynolds, Chairman of Continental Illinois Bank of Chicago, October 24, 1929 "There will be no repetition of the break of yesterday... I have no fear of another comparable decline." - Arthur W. Loasby (President of the Equitable Trust Company), quoted in NYT, Friday, October 25, 1929 "We feel that fundamentally Wall Street is sound, and that for people who can afford to pay for them outright, good stocks are cheap at these prices." - Goodbody and Company market-letter quoted in The New York Times, Friday, October 25, 1929 6. "This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years." - R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929 "Buying of sound, seasoned issues now will not be regretted" - E. A. Pearce market letter quoted in the New York Herald Tribune, October 30, 1929 "Some pretty intelligent people are now buying stocks... Unless we are to have a panic -- which no one seriously believes, stocks have hit bottom." - R. W. McNeal, financial analyst in October 1929 7. "The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged eleven years. On this basis we now have three more years to go before the tailspin." - Stuart Chase (American economist and author), NY Herald Tribune, November 1, 1929 "Hysteria has now disappeared from Wall Street." - The Times of London, November 2, 1929 "The Wall Street crash doesn't mean that there will be any general or serious business depression... For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game... Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before." - Business Week, November 2, 1929 "...despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression such as would entail prolonged further liquidation..." - Harvard Economic Society (HES), November 2, 1929 8. "... a serious depression seems im
common_sense.Message #2668 - 08/09/10 01:38 PMand the most famous quote of all: "The subprime crisis is contained and will have no effect on the broad economy - there will be NO recession" - Ben Bernanake.
great depression1Message #2669 - 08/09/10 02:48 PM. "... a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall." - HES, November 10, 1929 "The end of the decline of the Stock Market will probably not be long, only a few more days at most." - Irving Fisher, Professor of Economics at Yale University, November 14, 1929 "In most of the cities and towns of this country, this Wall Street panic will have no effect." - Paul Block (President of the Block newspaper chain), editorial, November 15, 1929 "Financial storm definitely passed." - Bernard Baruch, cablegram to Winston Churchill, November 15, 1929 9. "I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress." - Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929 "I am convinced that through these measures we have reestablished confidence." - Herbert Hoover, December 1929 "[1930 will be] a splendid employment year." - U.S. Dept. of Labor, New Year's Forecast, December 1929 10. "For the immediate future, at least, the outlook (stocks) is bright." - Irving Fisher, Ph.D. in Economics, in early 1930 11. "...there are indications that the severest phase of the recession is over..." - Harvard Economic Society (HES) Jan 18, 1930 12. "There is nothing in the situation to be disturbed about." - Secretary of the Treasury Andrew Mellon, Feb 1930
great depression1Message #2670 - 08/09/10 02:49 PM13. "The spring of 1930 marks the end of a period of grave concern...American business is steadily coming back to a normal level of prosperity." - Julius Barnes, head of Hoover's National Business Survey Conference, Mar 16, 1930 "... the outlook continues favorable..." - HES Mar 29, 1930 14. "... the outlook is favorable..." - HES Apr 19, 1930 15. "While the crash only took place six months ago, I am convinced we have now passed through the worst -- and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us." - Herbert Hoover, President of the United States, May 1, 1930 "...by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..." - HES May 17, 1930 "Gentleman, you have come sixty days too late. The depression is over." - Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930 16. "... irregular and conflicting movements of business should soon give way to a sustained recovery..." - HES June 28, 1930 17. "... the present depression has about spent its force..." - HES, Aug 30, 1930 18. "We are now near the end of the declining phase of the depression." - HES Nov 15, 1930 19. "Stabilization at [present] levels is clearly possible." - HES Oct 31, 1931 20. "All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933 Colin J. Seymour, June 2001 www.users.dircon.co.uk/~netking 20 June 2001
great depression1Message #2671 - 08/09/10 02:50 PMMy favorite of all...................20. "All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933 and next...... Obama confiscates all gold and silver in america!!!!!!
space guruMessage #2672 - 08/09/10 03:43 PMBGA4444, you are so wrong on so many levels. Wall St crashes? We are up from 6800 Mar 09' to 10,700 Aug 10' and rising and we broke 11,000 in February 10'. Runaway unemployment? Come on, it has remained steady at 9.5%. Although we lost 130,000 jobs in July we also gained 41,000 jobs by way of small and medium business hiring's and unemployment claims remains at under 450,000 which rises and falls with improvement. Food prices have come down which is great why can't our gas prices go low. But this is my barometer to your doom and gloom predictions. We just celebrated my daughters wedding and no one cancelled because they thought the sky was falling. Art events, shindigs, summer trips to grandma's and camping and shopping are all very brisk. Job opening signs at many of the retail stores and restaurants, the railways are busy and clogging up traffic. Wal-Mart, Target and Costco were busy as ever this weekend. Corporations are reporting record earnings and hoarding their cash. Auto sales are up with Toyota posting a $2 billion profit and blah, blah, blah. With better than 80% of the employed getting a paycheck Americans are spending their money. BDG444 your doom and gloom prediction? Is only a prediction. . . . . and its a bad one at that. One that smitten of a fabricated political agenda over real hard facts.
BGA4444Message #2673 - 08/09/10 05:03 PMSpace Guru- You are wrong on so many levels. Federal, state, and local governments are bankrupt. Paying bills with the future taxes on your children and grandchildren's backs. The retirement benefits and medical benefits for those who will retire can never be paid. The money aint there. I also went to a reception this weekend. Many friends and family drinking and celebrating. I also ballroom danced, ran 9.5 miles and golfed 27 holes on sunday as well as church sunday night. For me just like for you life is great. I am making 50% less than 4 years ago. But I am fine. The problem is wages overall are not keeping up with inflation. Thus all of us are losing buying power. Why don't people like you pull food stamps, lower minimum wage, and quit paying unemployment extensions. Then you would find out how bad thing are really. The poor are given just enough to survive and we expect them not to want the lifestyle we have. Of all the industrialized nations the USA is the dumbest by far. And you think things are fine! You must not watch tv at all. Have you seen the number of two, three and even four generations living in one small home to survive. In your world everything is fine. I just wish we all actually lived in space guru's world. I guess the first name says it all!
rtgbMessage #2674 - 08/09/10 05:14 PMIf you really want the country to be better off, we'll have to take drastic action. We'll have to vote out all the good looking men and women that are not interested in anyone but themselves (the women are worse than the men in my opinion), we'll have to require that people voting will have to have some understanding of the budget, and history, we'll have to be a little tougher on the illegals, and the nonproductive poor people. Then, we'll have to force the politicians to write and read the bills that they vote on, force them to take a pay cut if they don't balance the budget, and force them to live by the same laws as all US citizens. Does anyone really think, the US is tough enough to take those actions. No way.
Crying TreeMessage #2675 - 08/09/10 06:17 PMThe big free home equity money boom is over and will not return. The dumb and dumber mortgages and people who sold these toxic loans are disappearing. The stock market is producing dividends, The right stores are doing good. Those not working include those who will never go back to work. They like the security and health care from welfare. The advantage must go to the full time worker & producer to recover. Welfare and working under the table is the "In Thing". The charge it food stamp card and the government paying the bill. Your rent, utilities plus beer & cigarettes on the card. Clothing chits too. The Good life with spending money under the table. Better Yet, sneak in the country and have a baby. Your on the welfare team that is too good to be true. Being a worker should not be the last choice but why work for your support when the workers pay your way?
decoy409Message #2676 - 08/09/10 06:46 PMCrying Tree , Hi! They like the security and health care from welfare. are we being a little selfish? You put that like it is 'everybody' and that is simply not true. Many,MANY PEOPLE WANT THEIR JOBS BACK! Here is some great news and perhaps you can figure it out. Without the INFUSION of MORE CAKE,then she all SIMPLY goes away! Then NOBODY has to worry about who gets what as it will be GONE! So bend over just like everybody else is going to have to do one way or the other. It's a joke and it is a no win except for 'change.' And as he walked away he turned back and said,"oh yes,there is going to be change alright."
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bga4444
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Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:44:44 GMT -5
great depression1Message #2677 - 08/09/10 08:56 PMIt doesnt hurt that the fed has dumped nearly 16 trillion into the dow markets since it was at 6800 to get it up to 10600........................so all of you that have turned any profits,thank a taxpayer and their great grandkids!
BGA4444Message #2678 - 08/10/10 02:27 PMI agree GD1, A report this morning says the majority of small business owners look for the next six months to have bad/negative sales trends. As a small business manager I agree. The negative trends have not stopped. They have slowed some but continue to decline! The vast majority say it is not a good time to expand. The absolute funniest part of all of this is there is plenty of money to lend but a shortage of people with good credit who need loans. People with great credit are not in the need of a loan. Small businesses like us who had great credit and have exhausted everything to stay in business are the ones now in dire need of lines of credit. But because of slow pay no one wants to help. It just really is a bad situation. Small companies like us are getting hammered by suppliers wanting more profit and consumers wanting to spend as little as possible.
Stay PutMessage #2679 - 08/11/10 04:00 AM PORKULUS II BILL
There will be a vote tomorrow on the second Stimulus bill. Talking points and targeted Congressmen to contact are listed below. Porkulus II: States Held Hostage Why is Congress demanding governors and mayors fire teachers, cops, and firefighters before cutting ridiculous spending like this: $120,000,000 spent on state-run liquor stores - Washington State $39,608,662 spent on neighborhood & recreational services - Newark, New Jersey $7,000,000 spent on museums - Oakland, California $1,607,367 spent on awards and prizes at county fairs - Illinois $1,000,000 spent on mural art - Philadelphia, Pennsylvania $750,000 spent on the opera house - Baltimore, Maryland The Porkulus II: Forces states to take bailout dollars, bypassing Governors who refuse the money, and forbidding them from making necessary budget cuts. Gives teachers unions roughly $50 - $100 million through trickle-down. Will increase the deficit by $12.6 billion, according to the Congressional Budget Office. Will result in a permanent tax increase of $9.7 billion for U.S. multinational companies - increasing the cost of doing business and risking jobs during the recession. (Interestingly, the revenue from these same tax increases have already been spent...twice, in two other pieces of legislation!) The fact is the federal government cannot afford to bailout states who refuse to cut back spending. In case Nancy Pelosi forgot, the American people still fund the federal government. If states can't afford it, neither can the federal government. Bailing out states and extending failed stimulus programs only perpetuates states' reliance on the federal government. State Bailouts This week Speaker Pelosi has called the House of Representatives back to Congress. The intent is to spend another $26.1 Billion. The House of Representatives will vote on 2 bills this week: 1. HR 1586, which was originally a House FAA bill and has now been replaced as a $26.1 billion bailout that [ r20.rs6.net/tn.jsp?et=1103607936597&s=97382&e=001ijs7TaBf6-6twGjqFE-X42s_JRUsJ57GAPEam1GPjZ_SLHlaF13ycnNsYmUgz85hExvHL4MPvx8_d5er3z_elJ_9etPBct1Lkb88wadF7wJhFa86R4B--GIey2z7PFMusdID63bYcQIWDirUF6oGkyIJIQJHptX-KJKH_zIOzmceOb8Azhq5kuKZV2x39o98ijkMO6_EnOQ=] includes $10 billion to teacher salaries and $16.1 billion for extension of Federal Medicaid matching rates. [ r20.rs6.net/tn.jsp?et=1103607936597&s=97382&e=001ijs7TaBf6-7gBtFEXkNT7Ff4iEnqJh4TlnB-LfLpzA1E3H9NoDljr1MQh-JQxdq6dc9KF8lBgmydabccohiMv8QpsQTq62YuAv6rb6B2gYpepXNcFvXvQHiglCInPWZfnW1wug7LbecKmCweEFhr2Il_SBjlsiTUJ5AnBl4M33MjIg0gpSRsI_YsggaTFDQiPYrbNLHanE4a6uTQt2HEJWZwiG6HyOJC83s5TD9dkN3Ai5CFje3lLQ==] Read additional commentary by Heritage on the bill here. [ r20.rs6.net/tn.jsp?et=1103607936597&s=97382&e=001ijs7TaBf6-6Yqnuu1mUlfqXSZ7Ri3hKzNyBOcU5_0cYa76HxBbj0E7tkBqoZHd0zFKTB-gWFWrOIK9FNPDn7ZMykOTnBo0XlhTavBvnvTUgFq244G9tIRB4T_dlzYP3-WOu3bvrU26FdkM71G4Ih3zoZMERUOzBot7bWlnNGHebrh6vqmQ3cqxdzlK3YHXwoe5xzrCicAMoXWBh6vh2lVJ2P7OLfG0hnkkow9otZ2M0WLz5_lG5EjQvYzdQJPAMe] Read commentary from the Evergreen Foundation about the State Bailouts here. 2. The House will take up the [ r20.rs6.net/tn.jsp?et=1103607936597&s=97382&e=001ijs7TaBf6-6CAgBep1KtkmPXu4GLaVtG5VE4vFj_2oFLO_wB2y6a-t8qNWkQwB2iwzdy-pkEAghRlj5yrulAp4UfuvcO22oRa8LLygjX0SPHJunV69T2Mi9YfBWfX_RVdjBDjJ8Y0-yWPT8vckGpkyjyuqRp-nLE60j2LuR7wt81mm5O8uKiPQ==] privileged resolution that Congressman Tom Price has introduced to insure there is not a lame duck session of Congress unless there is an emergency. It is our understanding that since this is a privileged resolution it cannot be blocked from being voted.
rjslrsMessage #2680 - 08/11/10 10:26 AMIt has become a very tired routine, threaten the police and fire to scare the sheep into allowing whatever. People should be suspicious of a government that relies on creating fear...........and demand better.
1939sMessage #2681 - 08/11/10 01:03 PM [moneycentral.msn.com/community/message/profile.asp?ForumID=18&UserID=12808581] great depression1 Message #2677
08/09/10 02:56 PM It doesnt hurt that the fed has dumped nearly 16 trillion into the dow markets since it was at 6800 to get it up to 10600........................so all of you that have turned any profits,thank a taxpayer and their great grandkids!
BGA4444Message #2682 - 08/11/10 01:35 PMImports up exports down. The combination of these two will led to a lowering GDP. It looks like the double dip has begun. I have not recommended pulling out of the market in over a year nor have I. But the case to get more cash or rare earth elements is getting clearer and clearer.
common_sense.Message #2683 - 08/11/10 01:37 PMImports up exports down. this will be interpreted as a GREEN SHOOT as consumer demand excels! where the hell is Bernanke when we need him! Expect some "generated good news" today as the market is tanking and the PPT will need a cover to keep the market from collapse.
Falling Sky - NotMessage #2684 - 08/11/10 01:40 PMIt seems Obama wants to buy votes for this coming election: Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth. An estimated 15 million U.S. mortgages -- one in five -- are underwater with negative equity of some $800 billion. [blogs.reuters.com/james-pethokoukis/2010/08/05/an-august-surprise-from-obama/] Read the whole story The article starts on the Huffington Post but when you try to follow the link back to Reuters it seems they have pulled the plug to this one! Will the Administration really forgive 15 million delinquent mortgages??? Will this lead to a collapse of the mortgage system?
decoy409Message #2685 - 08/11/10 01:46 PMIt seems Obama wants to buy votes for this coming election: My bet is in months back that there will be no elections this year and that Directive 51 comes into play. Heck it is only a bet! If I win I win and if I lose I lose.
BGA4444Message #2686 - 08/11/10 01:53 PMI can assure you, not long after November, a lot of different people will be in office-one way or another! The American people have just about had enough!
engleclairMessage #2687 - 08/11/10 03:35 PMIt seems Obama wants to buy votes for this coming election: Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth. An estimated 15 million U.S. mortgages -- one in five -- are underwater with negative equity of some $800 billion. [blogs.reuters.com/james-pethokoukis/2010/08/05/an-august-surprise-from-obama/] Read the whole story The article starts on the Huffington Post but when you try to follow the link back to Reuters it seems they have pulled the plug to this one! Will the Administration really forgive 15 million delinquent mortgages??? Will this lead to a collapse of the mortgage system? Wow. Larry Kudlow just alluded to this on CNBC. He asked an "analyst", (I'm paraphrasing) "Why not have Fannie and Freddie, who are owned by the taxpayers, pay the difference on mortgages that are underwater". The analyst replied, "I don't think so". Sounds like this Obama proposal is gaining some speed. Kudlow's eyes darted around like the cat who ate the canary when he posed the question.
reverendbarbMessage #2688 - 08/11/10 03:43 PMRidiculous - not going to happen.
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bga4444
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Posts: 335
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Post by bga4444 on Dec 24, 2010 3:45:37 GMT -5
Falling Sky - NotMessage #2689 - 08/11/10 06:33 PMBy ALAN ZIBEL  updated 2 hours 22 minutes ago WASHINGTON · The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation's toughest job markets. The Treasury Department says it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed homeowners. Some of those states have already designed such programs. Another $1 billion will go to a new program being run by the Department of Housing and Urban Development. It will provide homeowners with emergency zero-interest rate loans of up to $50,000 for up to two years. The administration was required to launch the programs by the [www.msnbc.msn.com/id/38658858/ns/business-real_estate/#] financial regulatory bill signed by President Barack Obama last month. Ridiculous - not going to happen Maybe in a sane world but the World seems to ba a little bit crazy now a days!
Stay PutMessage #2690 - 08/11/10 07:03 PMThe Tea Party wins again with Buck's victory in Colorado. What all of these people, both in Washington and the Liberal media, fail to realize is that the "Tea Party" are American citizens.
hvfpaintsMessage #2691 - 08/11/10 07:32 PMThe tea party is the first wave of citizen resistance to be felt in a very long time. It scares the crap out of BOTH established parties because it is not under either's immediate control. Hence the need to stigmatize and marginalize them as "right wing extremists" and "gun toting anti abortionists", despite the fact that most are just everyday Americans.
decoy409Message #2692 - 08/11/10 07:39 PMThe UC is nothing more than a way to steal some more cake from those that paid it in for times such as these. I am not on UC but I know people across the board that are. Did you know that when they discontinue your UC while they decide if they will dish out more cake of yours to cover you that weeks may go by before you get a UC check? And did you know that when the cake does come in that it is not always paid out? Yes they even have a way to short that! Say one is 3 weeks out of a check (4,5 weeks even). Well that is cake lost until they send the check. But wait! It gets better. More than half of those waiting for the check for those missed weeks,well many do not get 3,4,5 weeks lost,they get 1 or 2! So where the heck is the rest going? And why is this not in the main stream! Because then the PONZI would be opened up and who needs ANOTHER PONZI being opened at a time like this.
time2shareMessage #2693 - 08/11/10 07:53 PMAnother 6 billion to FANNIE MAE to cover bad debt from Uncle Sam and 50 billion in Bridge loans to belay the flow of foreclosures a while.....WHAT A JOKE !!!! The house of cards will FALL and fall on hard times! GET READY!!!! As all the downwardly revised numbers start showing up in a staggered manner as not to alarm the markets.. THE SHELL GAME CONTINUES all the stocks in rotation are falling....The consumer is out of GAS with 3 flat tires and no cell phone to call for help. DO YOU NEED MORE CONVINCING? GET OUT ALL TOGETHER AND STAY OUT......... CASH will be king so CONSERVE CAPITAL AT THESE LEVELS EVEN AT 6 MONTHS OUT The Double Dip is still not priced into the markets!!!
common_sense.Message #2694 - 08/11/10 09:12 PM It will provide homeowners with emergency zero-interest rate loans of up to $50,000 for up to two years. Now is that a $50k loan for payable for up to 2 years? or is it available for up to 2 years? How many unemployed folks will be paying this back (as a percentage)..?? 10% 15% ?? This administration is outta control!
Stay PutMessage #2695 - 08/12/10 05:34 PMHow about this "recovery"? Just gives you a warm fuzzy inside. Doesn't it?
Crying TreeMessage #2696 - 08/12/10 05:45 PMTheir are help wanted signs here. Welfare is a better deal than working. Free or work for it. Tea Party? Desperate citizens need some help! Did Obama come from desperate citizens needing a change? Socialism will not work and people will not work if someone like the USA Government pays their bills and they live better than the average working class. Health Care is free to them. More babies, more money. What a crock.
BGA4444Message #2697 - 08/12/10 07:05 PMGreat news! No really analyst have recalculated and now say the bottom on housing prices is about a year away. MSN money board-Topic lowest interest rates ever! One thing is for sure those geniuses don't know anything for sure! What a bunch of idiots. I could throw darts blindfolded and get closer!
Murphy MartinMessage #2698 - 08/13/10 02:36 PMMurphy, what I think you do not get is the loss of non-service jobs(manufacturing) to China and other third world countries. First of all, what I think *you* don't get is that the Great Depression was global. The movement of jobs from one country to another today (which is what you're describing) can't compare with a global depression. As long as the global economy is growing, that's definitely better than a global depression. And secondly, I'm on the side of the humans, and more of them are in China than the USA. In fact, the vast majority of humans AREN'T in the USA. So I have no problem whatsoever with jobs relocating outside the USA. Heck, I myself relocated outside the USA. Most of us Americans have ancestors who emigrated and then immigrated; I've followed in their footsteps by doing the same. But don't imagine for a minute that most of the "lost" jobs have gone to a "third world country". Every time an "American" job goes to another country, TEN of them are stolen by machines. So if you want to whine, pick on the machines first, and the Chinese (and Indians and Vietnamese and Indonesians and Mexicans and Costa Ricans and... you get it...) a very distant second.
Murphy MartinMessage #2699 - 08/13/10 02:39 PMWe lose 131,000 jobs in July, but we must add nearly 200,000 jobs because of population growth and immigrants, just to break even. Alternatively, you only need one job. If you have one, then what are you complaining about? Anyway, did you see this debate: www.theatlanticwire.com/opinions/view/opinion/For-College-Graduates-Does-the-Recession-Not-Exist-4698 ?
Murphy MartinMessage #2700 - 08/13/10 02:43 PMIt doesnt hurt that the fed has dumped nearly 16 trillion into the dow markets since it was at 6800 to get it up to 10600........................so all of you that have turned any profits,thank a taxpayer and their great grandkids! Um... well, gee. Most of the Dow companies whose stocks I hold actually earn more of their revenues in that wonderful part of the world known as the Non-USA than in the USA itself. When a Vietnamese kid goes to McDonalds, I don't think we need to thank the US taxpayers (or their great grandkids).
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bga4444
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Post by bga4444 on Dec 24, 2010 3:46:29 GMT -5
time2shareMessage #2701 - 08/13/10 03:52 PMThe entire Wall Street mechanism is the BIG IRON weight around our necks! They have become now counter productive to the new economic model(s)....... The paper pushers do nothing constructive to move this new economic base ahead. They were relevant when we had manufacturing in the USA. The brokers, bankers and financers all facilitated Buying, Selling, Gutting, Cannibalizing, IPO's and Mergers of companies. As 70% of manufacturing has now all turned into running it out overseas there is nothing for them to do. IPO's are at 10 -20 a year now, Mergers and selling of assets have turned into a defensive play to stay afloat and add cash flow to revenue stream,.... if it makes sense. The rest are left to die in the abyss (bankruptcies) by the hundred of thousands and again nothing for them to do......They have scared all the Individuals investors out of the markets completely....again nothing for them to do! The bankers have killed the consumer and ruined their credit with faulty speculative mortgage productive as the housing bubble tricked home buyers with the Illusion they could flip and earn on housing loans with a false 20% yr/yr appreciation along with the home Line of credit frenzy that supplied the greed with more fuel. Commercial and Consumer Loan demand is at an all time low....again nothing for them to do.....Wall Street and their game is out dated! There are TOO Many people taking a cut out of the so called "Investment POT" and between YOU AND YOUR MONEY......!!!!! CUT THEM AND CHOKE THE OFF!!!! Do not PLAY THEIR GAME!!!! YOU WILL BE FREE...again!!!
Stay PutMessage #2702 - 08/13/10 03:53 PMDid someone forget to put the "N" after the "W" in DOW?
BGA4444Message #2703 - 08/19/10 01:15 PMInitial claims numbers go over 500,000! I guess the jobless "recovery" is well under way! Hey Frank how much longer do you think the economy can grow given the fact the stimulus is about to be "Spent out"? I believe the only thing actually happening is the dreaded "double dip". Georgia unemployment dips from 10.0 to 9.9% mainly because of discouraged workers who have given up looking! My business in Atlanta still headed in the wrong direction negative numbers every month on already negative trends from '08 and '09.
Life was goodMessage #2704 - 08/19/10 01:37 PMAccording to the well educated on this board, this is nothing more than another 1/2 million dumb americans that cannot fill out an application properly. Didn't you know that?
BGA4444Message #2705 - 08/19/10 01:47 PMLWG - Too funny! I just read Fannie, Freddy, and FHA REO's (Repo homes) are up a staggering 74% vs. last year! Whoa this thing is about to snowball!
PoorandUglyMessage #2706 - 08/19/10 01:55 PMAccording to the well educated on this board, this is nothing more than another 1/2 million dumb americans that cannot fill out an application properly. Didn't you know that? Maybe there is a bailout somewhere for that.
Crying TreeMessage #2707 - 08/19/10 02:32 PMDumb Americans can't find jobs that are not there. The big time employers job market is in control and pay is low. Funny thing is some are working two or three low paying jobs and others can't find anything. Some try harder than others but those working multiple jobs sure look tired and having fun is out. No Dot-Com Bonanza, No Housing Bonanza but the Unemployment Bonanza is in full swing and will probably last as long as the other two.
PoorandUglyMessage #2708 - 08/19/10 02:37 PMNo Housing Bonanza but the Unemployment Bonanza is in full swing and will probably last as long as the other two. Maybe there can be a market for that like the former two and we can all bid and leverage it up like the former two. Tech stock market bonanza, housing market bonanza, so why not an Unemployment market bonanza?? Government Sux, you hear that??? Since it was my idea first, I get first dibs on the IPO's.
Falling Sky - NotMessage #2709 - 08/19/10 02:43 PMso why not an Unemployment market bonanza I'm sure it already exists in the Derivatives market - just call Goldman Sachs and inquire.
PoorandUglyMessage #2710 - 08/19/10 02:48 PMStupid me. You are absolutely, stupendously, positively right Falling Sky. Btw, did you know that soon you will be able to take out a futures contract on betting whether a movie will become a box office hit or not?? It is in the works, I kid you not.
Life was goodMessage #2711 - 08/19/10 03:00 PMIs Vegas covering the bets? or GS?
PoorandUglyMessage #2712 - 08/19/10 03:05 PMIs Vegas covering the bets? or GS? Unfortunately GS. Since that is the case, you can count me out. Then again, you know anyone on the inside?? Then you can deal me in.
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bga4444
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Post by bga4444 on Dec 24, 2010 3:47:22 GMT -5
Stay PutMessage #2713 - 08/19/10 05:32 PMCheer up. It could be worse. It could be your house and your job. There. I said something positive. I think.
time2shareMessage #2714 - 08/19/10 07:58 PMPay close attention the T's and bond markets, they are returning negative yields...as investors flock to conserve principle capital and hope that inflation does not eat them up for lunch in the next two yrs .....With these low to negative yields the markets are forcing (herding) you to activate the Greed Gland and move to stocks....HA! HA! HA! The markets think we have forgotten how the investors have been burn badly! These fulgurations are all that! TRAPS!!!! The automated trade is setting you up to keep sucking you out of cash as you buy calls/ puts and squeezes you to buy in order to cover the margins on the up and down slides...These low volume trading days are just institutional players. These player are just unwinding positions and not new money coming into the markets. Look at JP Morgan's revised GDP forecast 1.5% now from 2.5% and the FED'S GDP now 1.0% from 3.0%. Unemployment is really at 17.6% not 9.5% as reported......We will not spend our way out of this one. We will need to work our way out first....The Double Dip is here in 22 states all ready... How much proof do they need? The top enders spend within themselves and it will not trickle down...The middle class is not spending and does not the money to spend, they are being squeezed from both ends....And the poor are just sh...out of luck in this economy with no job, no unemployment, no hope and out on food stamps in a shelter.....Make no mistake.... THIS IS THE BIGGEST DEPRESSION OF ALL !!!! Today the stock markets flushed out the longs again ...two days ago they flushed out the shorts....The markets are playing YOU! And Causing you to act 4 times in one day. The Brokers and markets are volume transaction starved and need to make money on transactions...they do not want you to stand on a position more that 4 days in this narrow range. The last piggy bank the markets have to raid are our 401K's and the last 4 months the 401K's out flows of cash have been greater by 40 % than the in flow of cash.....at this rate the investment firms will have to sell all their equity positions just the pay out all that money.....BINGO!!! THAT IS WHAT IS HAPPENING NOW!!!!! The house of cards will fall soon at this rate. GET OUT of the stock markets NOW do not get caught hold the empty BAG!!!!
PoorandUglyMessage #2715 - 08/19/10 08:34 PMThe last piggy bank the markets have to raid are our 401K's and the last 4 months the 401K's out flows of cash have been greater by 40 % than the in flow of cash.....at this rate the investment firms will have to sell all their equity positions just the pay out all that money.....BINGO!!! THAT IS WHAT IS HAPPENING NOW!!!!! For many already, those 401k's have long been raided and lost gobs of money a while ago. But many more now continue to cash existing ones in for something called SURVIVAL, something the fascist elitists know little about. It is funny that Wall Street and their cronies still have commercials on tv advertising for saving money for retirement when many more Americans now are just worried about saving anything for how to survive today let alone for a retirement sometime tomorrow. And without any income for many, talking about savings is like talking about the fountain of youth which is just cruel. Dangling an unrealistic dream in front of the public is one of the reasons we got into this mess in the first place. What a joke!!
time2shareMessage #2716 - 08/20/10 05:28 PMThe next Wall street step is to sell investment divisions and downsize all the brokerage businesses. Look for the down sizing and layoffs to start in the next 2 weeks....the estimate is that 3,800 in this first round...just in time for the holidays! As the trading, M & A and IPO's numbers keep a continuous decreasing trend....look for more layoff and some mergers to occur at the beginning to the Middle of 2011. Since 90% of pension funds are upside down any way and most of those funds have been ransacked and their is nothing left over any more except an empty ponzi shell that many retired workers will get the bad news when that blows up in the next 2 years, just in time for retirement! The media is just raising a stink on how the New GM - IPO should be administered HA! HA! HA! we can see right through the media sales job.....Making it look like a great deal for individual invertors.......IT IS ANOTHER TRAP! AND A BIG ONE AT THAT!!!......while it may go up initially in first 2 days or so. Remember it will drop below its initial offering one week after. The money will be used to pay down the TARP money and THE US Treasury.....just before and As China's bid to enter the US Car market and will kill every GM hope that exist......and the herded stocks investors that bought the story..Will follow GM down that cliff once again!!!........ Do not get caught in this TRAP!!!!GM burned tons of investors with lies and bad products over and over again.......ALL the GM cronies are still there even if they try to mask the perception with change. As this double dip grabs on to more cities this back to school season for retailers will be horrible and restarants will see a spike in a final "Let's take the kids out for dinner before they go back to school" outing trend so they can forget about all the bad news and GDP drops to 1.3% in Q4 Just in time for the very bad holiday season. This depression will get Deeper and do more damage than any thing ever seen in history!
time2shareMessage #2717 - 08/21/10 06:07 AMOn the much closer home shopping and take home front "IT's A SMALL WORLD AFTER ALL" Have you noticed every thing getting smaller everywhere? I just saw 7.5 oz 8 pack cans of coke for the same price as the 6 pack of 12 oz was and the 12 oz has now gone up in price......I can not find the McDonalds burgers or Wendy's burgers in the buns...WHERE'S THE BEEF? What's up with the Candy Bars? All the chocolate candy bars have gone horizontally challenged......or have my hands gotten bigger.... and they have also gone up to .95 cents...What a rip off!!!! I guess "TWO IN THE BUSH IS WORTH MORE THAN ONE IN THE HAND" Are we all supposed to bend over and say "THANK YOU SIR, MAY I HAVE ANOTHER !!!!! One pound of butter (4 sticks) is 3.49.....Man!!!... Is that a grease job? or what !!!! All the egg categories have been bumped downward.....A Jumbo egg is now the same size as a regular egg was 6 months ago and so on down the line.....Try to unscramble that mess!! My pay check is much smaller with the taken furlough days and voluntary days off included......That is no vacation at all!!!! The rest of the items who's contents can not be reduced or substituted are going up.....and I have simply done with out them. All of these companies have recorded record profits. Hummm!!!! ......skimping and cheating you out at every level for the grand purpose of creating investor value?...........WAKE UP !!!! INVESTING IN THESE COMPANIES WILL HELP THEM SUCK YOU DRY....GET OUT OF THE MARKETS..... THEY ARE NOW STARTING TO BE COUNTER PRODUCTIVE ORGANIZATIONS AND COUNTER PRODUCTIVE TO OUR BEST INTEREST!!!! SPEND YOUR MONEY ON NON PUBLIC COMPANY PRODUCTS AND FREE YOUR SELVES !!!!! LOOK AT THE DESTRUCTIVE CYCLE YOUR CREATING !!!!!
BGA4444Message #2718 - 08/24/10 05:25 PMHome sales fall to lowest level in 15 years. Duh, for the idiots that think we are near a recovery this is just more proof that the so called "great recession" is far from over and may really just be getting started. I am really glad that Wall st. is doing better. However, the Wall st. party can not last with a sick and ailing main st.. But I can tell you this there is some huge money to be made shorting Wall st.. Citi bank the sickest of all was down to 3.69 this a.m. boy do I hate that for those money grubbers! As this thing gets worse pull out and short any of the poor "Too big to fail banks" and make a mint. The big boys make it going up or down and you can too! Just be smart! Good luck!
Crying TreeMessage #2719 - 08/26/10 03:18 AMBGA4444 - Your holding back. You said nothing about the double dip depression coming. Employment has slowed to almost stop. Wall Street - The Market is being good to me. Dividends - price up. I think my 50 years in the work force brings out the fight for the workers of our nation. Their getting screwed by politics and greed.
Crying TreeMessage #2720 - 08/26/10 03:33 AMBGA4444 - Maybe Obama should sell snake oil? He is sure a great talker. The Pie Pieper and his wonderful speeches. Just the same, he one of those guys that has all the work done in his head but done nothing physically. Those types didn't last long with me in my management days. What are you supposed to do, pay heads on a stick for sitting there at work.. All electronic workers - no moving parts.
BGA4444Message #2721 - 08/26/10 11:46 AMCryingtree, you are right I do hold back somewhat in hopes the government turns things around. The US government can never pay all the loans and meet all the retirement obligations. It is monetarily impossible. In other words they can't tax us enough to pay it all off. What is really bad is everything and I mean everything made in America will one day soon be made cheaper overseas. As we loose other manufacturing our trade deficit will skyrocket hastening our demise. Many economist are starting to jump on this threads bandwagon. The great recession will soon double dip us into the greatest depression of all time. If you are American you should go up to your children or grandchildren today look them in the eye and tell them your sorry for what you have let the government do to our great nation. All us voters have ruined our children's futures. We should all be ashamed and sad. I am afraid we have let it go way to far already!
BGA4444Message #2722 - 08/27/10 03:22 PMCan anybody here tell me what else the FED can do? For the market to be up triple digits with all the bad news this week they must have already slipped the investment banks a few more trillion to keep the market artificially inflated! This crap is going to fall like the house of cards they have built. I remember I use to get really mad when the deficit was fifty billion! What a joke our government has made out of what is going on!
time2shareMessage #2723 - 08/27/10 09:43 PMFirst time mortgage delinquencies have ticked up, unemployment about to tick up again to 9.6, GDP just revised downward for June and about to fall below even the recently lowered revised figures for July........Today's 160 pts gain was a smoke screen again the flush out the shorts after they gained momentum the last 5 trading days.....This is another step in a downward trend - 400 and + 150 all the way down......Property taxes estimates have just come in and they reduced my yearly bill by 30% and reduced the assessed value by a good chunk, it is still over valued some I think. That is another 3K I would have had to pay the county...... YAAAHOOOOO!!! You will not see me tapping that into cash...or spending power! Q3 will see a 1.2 GDP and October will see the Double Dip expand to other BIG cities..Now with a 40% chance of a Double Dip according to some, banks are going to hold additional reserves for a second BIGGER round of foreclosures as each following month starting in September the Emergency unemployment benefits run out for 1.9 million........This will signal the complete collapse of the Mortgage Back securities, derivatives market, insurance default swaps and a liquidation in the equities markets to cover the rapid acceleration and deleveraging positions....GET OUT WHILE YOU CAN NOW.........THIS MARKET IS ON IT'S LAST GASP BEFORE IT FALLS REALLY, REALLY HARD.....THE BIGGEST DEPRESSION HAS TAKEN TIME TO UNWIND BECAUSE OF THE FEDERAL GOVERNMENTS INTERVENTION........BUT IT WILL HAPPEN....VERY SOON NOW...!!!
Crying TreeMessage #2724 - 08/28/10 12:19 AMAmerica is an auction not a democracy. Who in their right mind would buy stock with all the bad news. The Feds buy with the USA stock team - PPT. Now if they were paying in pure gold this would be a different market. So, print and buy more. The road to hell is paved with best intentions and were on it. Enjoy the ride - stocks are secure? Hot air coming from all direction might help the heating bill this winter.
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:48:14 GMT -5
BGA4444Message #2725 - 08/30/10 03:46 PMDow hovering at 10,000 is telltale to a serious problem fo America. From some on these boards everything is fine. Big profits are being made by companies and individual stockholders alike. Some posters here would lead us to believe that Armageddon is coming! Get out now before you lose everything. Now if the bulls are right why is the market stuck at 10 thousand? If the bears are right why is the market stuck at 10 thousand? The current situation has us stuck in no mans land. This is what is called in Vegas a grind bet. Where whoever is making the bet it grinding out a profit no matter what. Now who can grind out a profit with the market stuck? The bulls? The bears? Neither only the big institutions can make money off the grind. Program trading is sucking every penny of 401k money being put into the market out. So over the last ten years the only money being made off the market is the matching funds that employers are putting with 401-k contributions. When Wall st. got Washington to approve 401-k in the 1980's what a screwing to retirement nest eggs of American workers. As the baby boomers continue to retire and pull funds out of Wall st. there is only one way for the market to truly go - down!
common_sense.Message #2726 - 08/30/10 05:43 PM401(k) monies became the "stabilizer" for Wall St. As money was yanked out and plowed back in by the big boys making BIG BIG money, the 401(k)'s kept the market from extreme lows and helped to swing it to new highs. This was never more noticable than the "dot.com" bubble which was really just a stock market bubble with a neat name. 401(k)'s manager's had to retreat or risk a lynching.
decoy409Message #2727 - 08/30/10 07:07 PMDon't look now but we just fell 1069,here comes the push!
decoy409Message #2728 - 08/30/10 07:07 PM10072 JUST LIKE MAGIC! Man the illusionist is doing a darn good act!
bullbuyMessage #2729 - 08/30/10 07:09 PMi wonder how much of our stimulus money has went overseas already and out of U.S. circulation? those of you that complain about our economy and go out and but foreign goods when we have the same made in the U.S.A. are adding to the problem. Buy U.S. When ever possible. support your neighbors jobs so they can support yours, and create growth instead of closing our industry so another countries economy can flourish. Some may not like this idea but we need to legalize marijuana. they can produce up to 60bbl of oil per acre. do the math no more foreign oil. it takes a huge load off the ecology since the plant would filter more carbon than burning the oil would produce. it needs little to no herbicides and very little fertilizer cotton needs a lot. The fiber is stronger and softer than cotton. the pulp makes a far superior paper than wood pulp and requires far less chemicals to process. this means our forests will have some time to recover since we will no longer need to harvest trees for pulp. also marijuana can be used to make cheap building products. There is well over 5,000+ products that can be made from marijuana. the gearing up for this new industry could be a huge push for our economy. equipment to grow, harvest, process, transport, not to mention taxing the intoxicating portions of the industry. no marijuana is not harmful to man. in fact you can die faster guzzling water than you can smoking marijuana. I could go on but i won't. all the fact's i stated are true and if you do your research you will see legalizing marijuana is a no brainer. yes we were lied to for 70 years by our government, do to big business lobbyists end of story. do your research then tell me different if you can.
time2shareMessage #2730 - 08/30/10 09:32 PMBUY American? My next to last American made Maytag washer lasted 12 yrs. My last American Maytag washer lasted 5 yrs.......I BOUGHT A SAMSUNG and ITS TEN TIMES BETTER.....AND YOU WANT ME TO BUY AMERICAN? That is how GE/KENMORE/MAYTAG and others now operate they want to make you buy equipment every 5 years.....That keep profits high and steady...That is why I say do not buy any public company products....THESE Companies are now working against you. They want you to buy and are making inferior products....for the sake of stock/share profits.....This is all to make you spend more money....ARE YOU REALLY MAKING ANY MONEY IN THE MARKETS? NOOOOOO.....YOUR NOT! FIGURE IT OUT AND SEE THE REAL COST OF THINGS! STOP BEING THE HAMSTER IN THE WHEEL! Today was a perfect day to show you what is going on......They are waiting for new money, new suckers which will never come back...They are riding on fumes now and each day that goes by like this is one day less they have to con you back in......their Greed engine is running out of gas and sputtering out......GET OUT OF THE MARKETS BEFORE THE BOMB GOES OFF IN YOUR HANDS........ The new M & A Flurry is all about buying to misdirect and divert big losses in order to conceal them in acquisition "restructuring charge downs" or what ever they want to call it...WHAT A JOKE! Money in reserves? it is money on paper only because the owe in time corporate bonds notes...Why dont they pay that off? They Can't....because it does not exist! They are now tiring to sell you the story the equities are cheap compared to bonds...... to try to get you back....Look at the Volumes AUGUST lowest volume in 11 years!!!! WHAT DOES THAT TELL YOU...People are leaving in groves and if your still in you going to get caught holding the BAG!!!! GET OUT BEFORE OF THE MARKETS BEFORE THEY COLLAPSE !!!!! SAVE WHAT YOU CAN NOW!!!!
PoorandUglyMessage #2731 - 08/30/10 09:43 PMWhen Wall st. got Washington to approve 401-k in the 1980's what a screwing to retirement nest eggs of American workers. Agreed. 401K's are ridiculous at the end of the day. The only good part which is now disappearing for many companies is the match. More importantly, so many people need to access their money in them now for SURVIVAL yet will be penalized and taxed heavily because LIFE throws a "curve ball". I will be damned, for if and when god for bid I need to touch my OWN money that I would be penalized or restricted against it. "Auto Opt In": I don't think so. Tell the market traders who are salivating over my potential "opt-in" funds to "GO TO HELL!"
BGA4444Message #2732 - 08/30/10 09:58 PMPoor and Ugly- Me too! You know the largest question mark for any 401-k holder is - What will the tax ramifications be when I retire? The government will end up taxing that money at 40 or 50% taking all the matching funds and leaving us high and dry with just what we contributed!
bullbuyMessage #2733 - 08/30/10 09:59 PMhmm i didn't realize i had it wrong? i never heard of the "boycott american products to make our economy flourish" method to recover the U.S. economy. explain to us how that works. It seems very counter productive to me. How boycotting american industry so it all goes away is supposed help our economy and help us create jobs so the market can be good again. explain this to us...
PoorandUglyMessage #2734 - 08/30/10 10:13 PMThe tax issue is most perplexing to me as far as it relates to the American psyche, BGA444. In other words, many if not most Americans, whether they are republicants or democrits alike know and agree and acknowledge in general that over the long term taxes are going up. So with that being said, the basic basic assumption of 401K's that supposedly makes them "effective" is to put money in at a lower tax rate now, PRESUMABLY get tax deferred GROWTH (more like accumulated losses for many) over time, and then upon retirement, take money out at lower income level, hence lower tax bracket. But in reality, many will be taking money out at HIGHER TAX BRACKETS AND RATES that will surely go higher in a few years time. Forget inflation. This is the PEOPLES' INFLATION. If anything, you want take profits and cash out in lower tax rates, not higher ones. Duh!!!!!!! I never understood that people don't challenge conventional "wisdom" in this. As if 401K is gospel and logic and reality has no place in challenging its real monetary effectiveness. More smoke and mirrors that the elite puts on the masses I guess. 401K proponents say I will pass up free money in match. WRONG! Companies are saying now heck with the match. So much for that. Then 401K proponents say 401K's it implements discipline to save. Umn, yeah right. If you want to discipline, it is called socking money away in a savings account. That will do just as well. And god for bid when you need the money for SURVIVAL, you won't get 10% penalty or heavy income tax bill come April 15. So basically weak smoke and mirror arguments for Wall Street to lay claim in the end to your money. Like I said, I DON'T THINK SO.
schrizoMessage #2735 - 08/30/10 11:10 PMI'm all for making pot legal also. But if you think there are no downsides you must not know many pot heads. It can be a motivation killer as well as a very compulsive urge to stay high. Check out the data on memory recall if you want to see how it can affect school work. How would you keep kids from using it?? The usefulness of the plant are enormous. But for the same reasons you can't buy anything that does not have corn in it, they won't make it legal as it would limit Monsanto's strangle hold on corn. The more you learn about our American government and the benefits it offers a limited few the more you understand how corrupt the illusion of freedom is.
schrizoMessage #2736 - 08/30/10 11:17 PMIf you want to create jobs, offer a subsidized amount to those who hire a person for at least one year. Everyone wins, you get someone off welfare and they spend the money they earn which boosts the overall economy. No one wants to hire with all the uncertainty now. Give it a chance to stimulate itself and it might.
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:49:06 GMT -5
BGA4444Message #2737 - 08/31/10 11:28 AMThe futures are down this morning! Yesterday might be the last time we see 10000 dow for awhile. I guess ultimately high unemployment has become a "leading" indicator. As soon as this thing starts to double dip we can change the name to "Frank's I was just joking depression".
schrizoMessage #2738 - 08/31/10 11:37 AMWorld markets got hammered over night. these are not small traders making this market, so making predictions and trades are done by fast computers. Things have changed so much in 15 years. If you have money, someone will want to take it.
time2shareMessage #2739 - 08/31/10 03:37 PMBullBuy....Corporations have moved manufacturing for eight reasons : Save on labor cost, Save on employee health benefits cost, Save on call centers and product support/follow up cost, Save on higher raw material cost, Save on high import taxes, Save on inbound transportation cost and Save on employees taxes and unemployment, FICA taxes etc....Cost. WHY SHOULD YOU SUPPORT THESE COMPANIES WHEN THEY ARE BEING COUNTER PRODUCTIVE TO OUR ECONOMY AND COUNTRY? Create Jobs? They are taking jobs by the millions for the sake of higher earnings & profits..HOW IS THIS BEING PRODUCTIVE? Just like the Car industry America made the best cars UNTIL they started baiting and switching a little hear a little there then cars started to self destruct plastic's melted in the sun interior head boards started falling down on you...metallic paints faded , Fuel efficiency dropped off....AND BINGO that opened the door to the Japanese and now the Chinese are the next and final blow to the American car makers...CAN YOU SAY A SECOND GM Bankruptcy by 2016? BELIEVE IT !!!! Refrigerators, Washers, A/C units all lasted on avg. 12 - 15 yrs .......NOW they do not last past their Warranty period......How is that any good? Look at the companies that are making the same mistake, GE / Sears Brands and other domestic assemblers/ manufactures ....all public companies .......Why should you support THAT which is harming you in the long and short run?
time2shareMessage #2740 - 08/31/10 08:03 PMJust look at the industries corrupted by the Wall Street Markets and " Investors in them" for profit.....Strayer, DeVery and 12 other So called Publicly held Universities, and I use that word lightly...HA! Check out their post grad employment stats and the Government Educational loan scams they are up too and now in HOT water with...... Wall street found a way to scam Millions from the government Educational coffers. They have their money, what do they care? DO YOU WANT TO INVEST IN THAT CORRUPT SYSTEM ? It is not the American worker I have a problem with or boycott......Because if they are told to make great stuff they make better than great stuff and if they are told to make crap they will make the best crap in the world...It is the way the public companies milk Americans and use the Americans to pretend they are benefiting Americans and America. The only ones benefiting are the scammers at the top..... DO YOU WANT TO SUPPORT THAT? Shall I go on? How about our entire financial Industries.....Look at the mess they got us into .........Deceptive products...Predatory loans.. No Income mortgages.....Make believe Financial instruments CDO'S/ Derivatives / Mortgage backed Securities need I say more.....ALL PUBLICLY HELD COMPANIES.......!!! Need I say More! GET OUT OF THE MARKETS NOW WHILE YOU CAN!!!! CASH OUT SAVE AS MUCH AS YOU CAN...WALL STREET IS BAILING OUT AS WE SPEAK!!!! Wall Street will start to shed jobs by the tons JP MORGAN to close UK office laid off 130 employees today....Many others to follow...The continued lower monthly volumes will not support the house of cards they built.........DO NOT BE THE LAST ONE HOLDING THE BAG...WALL STREETS GIANT PONZI SCHEME IS COMING DOWN!!!!!
Crying TreeMessage #2741 - 08/31/10 10:54 PMschrizo - Your paying attention. You will make it. Things have changed in two generations also. It was a better world without all the throw away everything life style. Throw away the wife or husband, throw away the job, throw away the electronics every few years along with the car. This is the hand dealt us and this is the hand we play. Your smart and the game has changed a wee bit. Know your enemies which are the controllers of money. I try to play both sides of the fence so I will get theirs too.
schrizoMessage #2742 - 08/31/10 11:16 PMI am with you Crying Tree. Have you found any ETF's that use flash trading?? To me, this is the only tool to compete in these markets. That or stay long term with strong companies. There are some theories that suggest a recovery won't happen because high oil will keep the lid on it. Oil is patiently waiting for the chance to raise price and we are so dependent on it that that will crush any expansion attempt. Watch how closely the price follows the markets. Pretty scary really as you look back and see it was cheap oil that allowed this country to expand this past century. Expansion is all about oil now. If you get a chance watch "Collapse" it is on Netflix now.
Hired GunMessage #2743 - 08/31/10 11:20 PM[ moneycentral.msn.com/community/message/profile.asp?ForumID=18&UserID=3992320] schrizo posts: "If you want to create jobs, offer a subsidized amount to those who hire a person for at least one year. Everyone wins, you get someone off welfare and they spend the money they earn which boosts the overall economy." That is old world thinking. A friend of mine was considering buying commercial rental property. I asked him what would entice him to buy more. He said, reduce the depreciation rate from 39 years (which it is now) to 15 years (which it was after the 1981 tax act). That way, he could recover his investment in less than half the time. But, he added, the politicians would never do that, since he would get a tax benefit. Folks, that's the whole problem. The White House and Congress are managing (or mismanaging) the economy based on ideology. They don't wish to create jobs if it means that the "wrong" type of people get a tax break. Maybe Biden was correct: "the number one job facing the middle class, and it happens to be, as Barack says, a three-letter word: jobs. J-O-B-S."
schrizoMessage #2744 - 08/31/10 11:34 PMYes, it seems rather simple. Now in Omaha ,where I live, they are going to have a new entertainment tax for people who eat out. 99% of these business's fail as it is so why not pile a tax on those who would frequent these places?? We have some real issues that only government can cure. One big one is how the major seed companies have genetically engineered their seeds so you can't grow your own seed. That is almost like taking the ability of the little man to supply his family with food. Then we give tax breaks to those who grow this corn to turn into sugar, plastic and fuel. Are they creating jobs?? No they become more and more efficient chasing the small farmer off the land by raising land prices and making it impossible to compete. It is amazing how something like this takes on a life of its own when at one time it was meant to be a boost to the small farmer. It appears we need a leader in this country who is really behind the small business man.
Crying TreeMessage #2745 - 09/01/10 02:24 AMNebraska - Last of the good guys? The kids who worked for me who came from that college get AAA ratings. The only down side to those kids was it took awhile to get city wise. Maybe its all the fresh air getting in their brain. That state is in the middle of nowhere and produces some pretty good people. Maybe good water?
BGA4444Message #2746 - 09/01/10 03:20 PMIf the market fell on bad news, half as much as it raises on good news the Dow would be at Zero! I just talked to a glass salesman from Charlotte, NC. He said they just built the Nascar Hall of Fame there and it is already about to go broke because no one is going. I guess the small uptick in manufacturing is not helping everywhere!
time2shareMessage #2747 - 09/01/10 03:37 PMAnother sucker rally today to reel you in and at the same time they will stock on the high note. This also flushes out all the put and short calls.... And making buy stock to cover.....YOU GOT SUCKERED IN AGAIN!!!!Do not be fooled...!!!! Prices are not cheap here....by no means! Look at the oil surplus numbers today....That is real demand, and it is falling fast.....even after the "gulf spill shortage" and "gulf storm shut down for 11 days" last month.....We have a huge mounting surplus. ADP's numbers are skewed because they are not fully abreast of all the small business lay offs.....Look at GM now after stating that they were sold out two months ago , today they say there sales are down 7% and of course analyst expected down 15%...Are they crazy? They over shot the expected number so when it disappointed today they could say the drop was better that expected as if it was a good sign......DO YOU SEE HOW THE MARKETS ARE PLAYING YOU!!! The Market are setting this false Floor of 10,000 to con you back into the markets.....that's why it is been in a narrow trading range around 10,000....THIS IS A SET UP TO MAKE YOU THINK IT IS A BOTTOM ....DO NOT BE FOOLED!!!! THE DEPRESSION IS BEING CONCEALED BY PUMPED UP FALSE DEMAND AND NUMBERS.....GET OUT WHILE YOU CAN.... IF YOUR IN SELL!!!!! Help yourself and do not contribute to everyone's demise....!
time2shareMessage #2748 - 09/03/10 02:04 AMThe markets deceptively used China's output as a good excuse for lack of anything better to use and spark the markets...What a false rally! What a joke they did not say the Germany experienced a second month of decline at the retail numbers signaling a slow down......They did not say that the UK experienced a shape drop in manufacturing for August...The media did say very fast and lightly and almost did not cover it... that we experienced a Household spending of .15 and a sharp decrease from .6 in Q2 NOTICE HOW THE MAIN STREAM MEDIA is saying what it what's and hiding the bad news.....HOW IT IS MANIPULATING THE TRUTH ABOUT THE MARKETS...AND PULLING THE WOOL OVER YOUR EYES.....WATCH TOMORROW HOW THE MAINSTREAM MEDIA WILL MAKE THE UNEMPLOYMENT NUMBERS LOOK ROSY TOMORROW! To try to sell the markets sentiments into an upward momentum........+250 and +45 = -400 TOMORROW ....The markets are worthless and it is not worth the paper it is written on.......GET OUT OF THE MARKETS BEFORE THE MELT DOWN!!!! THIS IS GOING TO BE WORST THAT AUGUST.......We started the same way. another +250 and we ended down another 4% from the start....SEPTEMBER WILL BE MORE OF THE SAME...GET OUT WHILE YOU CAN....LIQUIDATE ALL YOUR POSITIONS BEFORE THE DEEP DEPRESSION SUCKS YOU IN AND DESTROYS YOU!!! SAVE CAPITAL AND PRINCIPAL...CASH OUT !!!!!! The markets side winding motion will not continue and will drop fast....WHEN THE TRUTH IS FINALLY EXPOSED!!!! REMEMBER THE FLASH CRASH?......ECHOES OF ENRON!!!! ALL THEIR SCAMS ARE BEING EXPOSED ONE BY BY!!!! Today it was revealed that traders are using false orders to swamp the electronic trading system to cheat and gain a 50 millisecond advantage and change or trade on non executable orders..........to manipulate the pricing.......DO YOU TRUST THE SYSTEM NOW? ? WAKE UP!!!!!! THE SYSTEM IS RIGGED AGAINST YOU...WAKE UP!!!!!! WHEN ARE YOU GOING TO LEARN!!!!! WALL STREET IS HITTING YOU OVER THE HEAD WITH A BAT AND TAKING YOUR MONEY LEFT AND RIGHT AND YOUR JUST LETTING THEM GET AWAY WITH IT....SAY NO MORE!!!! GO TO THEIR KITCHEN AND TURN ON THE LIGHTS AND WATCH ALL THE ROACHES RUN FOR COVER AND HIDE....EXPOSE THEM NOW!!!! FREE YOUR SELF FROM THE CHAINS>>>>SAVE YOURSELF FROM SUPPORTING THOSE BIG SALARIES...COMMISSIONS...FEES...ACCOUNT MANAGEMENT FEES....LOADS ADMINISTRATIVE FEES.......YOUR FEEDING A DESTRUCTIVE DINOSAUR THAT IS WORKING AGAINST YOU.......!!!!
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:49:59 GMT -5
Crying TreeMessage #2749 - 09/03/10 03:37 AMWhat if was fair? Stocks going up because they are thriving in hard times. Stuff like your computer and cell phone. Cheaper to call or look at a video than drive? Stopped using soap or tooth paste? Something's do good in hard times. Maybe cooking at home and your local store profits go up. Gas station are still there. It could all be true. They don't make things like they used to. Telephone companies used to require components to be good for 20 years. When Micro Wave Radios came in it slipped to 5 years. Printed cards blew out and were replaced by new ones. Then the computer on the job and upgrade city to stay ahead of the competition. Things are happening but no dot com or housing grab deals in the works. Those companies peaked so high that the real deals went unnoticed in their shadows.
BGA4444Message #2750 - 09/03/10 04:55 PMAmerica is the greatest country on earth for now. What is depressing is the direction we are going in. The stock market and some companies are doing well in the short term. But how about long term? The county I live in is already raising taxes to fill shortfalls in their budget. I wish my company could just do that. The tax ramifications are going to spell disaster for this already fragile economy. Much of the workforce is illegal and pays not one dime of income tax. The feds have created a no tax paying monster! We are under a huge trade imbalance. The retirement for all these government baby boomers is about to come due. The problem is where do all the governments get the money to pay them? They don't! Long term we are so screwed. The amazing thing are the number of people who think things will be fine don't worry. Well I am sorry pal I have got four kids and five great grandkids and I see a very hard time coming for all of them! Because primarily of the actions of treasonous politicians. What really kills me is when some voters send back a incumbent. That tells me many of you are happy with the way Washington is running the country. I could just throw up when I hear about a incumbent even winning a primary! Wake up America!
Crying TreeMessage #2751 - 09/03/10 05:51 PMLeadership from politicians may not be the best lately. America will make it with or without them. Too many want something for nothing. Then they gave it to them in the form of housing for all. It got screwed up because it was too good to be true. World trade and were intertwined with all the countries. The whole world is one country seems far away. Jobs gone overseas to who bids the lowest wages. Money still rules America and American companies are making money. Over taxation by states seems to be the biggest problem. The federals seem to care more about citizens than your local state governments.
time2shareMessage #2752 - 09/07/10 08:14 PMWe are in the middle of the Greatest Depression ever... supported from a complete collapse by Government! The manipulation of the markets are being supported by mass interventions of the government aide and by way of the banks in order to avoid the collapse of Wall Street and all their Scam(s).....The collapse starts with the Government supporting the housing MAE and MAC cousins and again government now owning a majority of GM, AIG and others. The government owns and has bought directly into their Bonds and other market instruments to provide liquidity. The collapse also reaches into the banks by holding a shadow inventory of 3.92 million homes to avoid the housing collapse....To add to the fleecing of Young America's the Markets are tapping into employee Pensions, 401K's and a lot of other uninsured "savings" instruments to live off of.....and in the spirit of " EVERY MAN FOR HIMSELF" The Wall Street scammers are finding ever increasing Governmental loop holes and taking even students for a ride letting publicly held "Schools" now fleece students as well. The fleecing starts with a 35% rise in educational cost yr/yr.....with Publicly held "schools" like Strayer, Devry, ITT and 15 others pass on the burden onto students by the millions. These schools CEO'S made on average 12 - 18 million in salaries last year. ALL PAID BY THE GOVERNMENT FLEECING by way of these schools....of students....AND THEY DO NOT HAVE JOBS?.... Now each burdend by 60K worth of student loans.......IS YOUR son or daughter one of them? THE MARKETS ARE ABOUT TO COLLAPSE AND ARE PRESENTLY COLLAPSING.........THE WALL STREET PIGGY BANKS PENSIONS, 401K's, and other uninsured fantasy instruments ARE RUNNING OUT OF CASH as a record out flow of funds are being sustained by Americans now using a new record 22% of those funds to live off of...Tapping into hardship withdrawals and loans against the funds as well. Contributions have also stopped to an all time low as well.... with only the top 5% (the one's about to retire) increasing contributions. THE COLLAPSE IS HERE... IT IS ONLY BEING CONCEALED BY A GIANT PONZI SCHEME the government is PERPETUATING TO TRY TO KEEP THINGS GOING! they will not be able too!!! Look at Europe three months later back again back in trouble again and again........THIS will continue until it COLLAPSES..... BOTH SIDE SHIFTING HEADLINES AND DRAWING ATTENTION FOR A WHILE.... STOP>>>LOOK AT HOW YOU ARE BEING MANIPULATED TO BE A HAMSTER IN THE WHEEL BY THE MEDIA AND THE POWERS!!!!
schrizoMessage #2753 - 09/07/10 09:13 PMSo besides us losing all our savings, is the government going to take our property too?? If we listen to you we should all spend our savings while it can be spent. If Europe collapses, I will take your rant more seriously.
BGA4444Message #2754 - 09/08/10 06:39 PMLets see we are supposedly coming slowly out of recession. But things are getting worse so we need more stimulus? I am just very confused. From my standpoint as a small business manager we are still in the middle of this thing-drowning and swimming aimlessly without direction. However, all big business are doing fine strapped with cash and very lean. The banks are drowning in foreclosures, having to dole them out a little at a time to keep the housing market from just plummeting. There are things that can be done to get us over the hump but I see none of them being done. We are mired in place with ineffective politicians that have scrotums the size of raisins. Grow some you jerks and get us out of this mess!
AEKaraMessage #2755 - 09/08/10 07:20 PMI want to know if you guys checked with Frank first to get his approval for this pessimistic depression vibe you are spreading.
decoy409Message #2756 - 09/08/10 07:31 PMIllusion does end boys ands girls, and when it does, well no doubt we will be rebuilding. Until then........
frank the impalerMessage #2757 - 09/08/10 07:42 PMBGA4444-WE ARE coming out of a recession...who says thing are getting worse?...they want stimulus because "they say" things aren't getting better "fast enough"...there are small businesses and other businesses that are doing well...banks are drowning with mortgages but not in other areas of making money...that's why they don't want to lend...I agree that there are a great many things "they" could be doing but are not...now we are complete agreement when we talk in regards to the size of the scrotums of our elected officials The description above is for the most part accurate...the one below is from outaspace
BGA4444Message #2758 - 09/08/10 09:58 PMFrank, Interest rates have been used for decades to drive and cool the economy. The fact that months and months of basically zero rates have not turned us around is very concerning. When large corporations can borrow at near zero interest to expand, rebuild, rehire, or even buy other companies and they are still frozen with fear I am VERY concerned! What do they know that you and I don't? Frank, there is a 500lb. Gorilla in the room with us and we don't have a clue he is even there. Nor do we have a clue what his presence will do to us long term. You are positive much of the time. Very much like a politician. But our nations REAL problems are much deeper than Wall st. Trade imbalance, need of foreign oil, shrinking manufacturing base, large percent of the population that is growing yearly that relies on those that work to pay for their existence. A growing illegal population that works off the books and pays no taxes. As well as social security and retirement benefits that will be owed that can never be paid. And you say things are fine! Frank, for you and I and many posters things are fine for now. In Forsyth county, just north of Atlanta a chain grocery store was robbed monday night by a group of young adults. They executed the guard and were arrested a short time later at a mall buying stuff with all their new found wealth. These kids see the wealth and then go to their minimum wage job. The anger we are creating for a generation of youth is staggering. We care less about education everyday. So how long do you really believe that anger is going to stay in the urban areas? In Atlanta and many other areas young adults are feed up with the lack of opportunity. Yesterday one of my best reps came by the store. His name is Gerry and he has called on me every week for ten years. Great attitude, great communicator, a lot of floor experience. He is 63 years old and he is so loyal he bleeds Mohawk carpets. The powers to be are laying him off. He is one of their best employees and they do not even know it.. I am sure they think a young buck making half the money will be better for them. But he sure wont be better for my business. I really hope the guys that pulled the trigger on laying him off get done the same way when they get a little grey! Frank I know you are not getting any younger. I bet a young guy making half what you make would do a better job for your company too. Move over Frank "let the good times roll" !
time2shareMessage #2759 - 09/09/10 08:05 AMIn order for this economy to move the Banks would have to start giving loans to everyone that has had filed for bankruptcy in the last 10 years..That is 16 million people in that market....The people that have had late payments.. that is the same 16 million people......or better yet lets bring Bernie Madoff back out of retirement.....Frank do you really think things are getting better? Are you that dumb, deaf and blind? Your in the same camp as Schrizo who needs to see Europe Collapse to consider that this whole thing is the greatest Depression ever. He hasn't realized that he really does not own anything much less his house.....He is the temporary paying custodian of that property and the sovereign land of the US of A can take it from him at any time.......This two week cycle is getting worst Euro debt crisis/US slow down/ Euro debt crisis/ US to add More stimulus money / Foreclosure increase / GDP drops/ Unemployment increases / car sales drop / and so on....WE ARE IN A DOWNWARD DEATH SPIRAL THAT WILL SINK EVERYONE.......GET OUT OF THE MARKETS! SAVE CAPITAL AND YOUR PRINCIPLE.....
schrizoMessage #2760 - 09/09/10 10:33 AMI hear you time to share. Still, if a country can take your home and property, what good is saving your money or getting out of the markets?? Better to buy seeds so you can sow a few come next spring. I get the fear and urgency of your message. Still, if your raising kids, you don't spread that kind of fear to the wife and children. You move forward planning the sun will rise today. What happens will happen, but again, what good would cash do in a time when the national gaurd boots you out of your mobile home?? With all do respect. We have to move forward the best we can.
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:50:51 GMT -5
Crying TreeMessage #2761 - 09/09/10 11:29 AMWhat about the good guys in home ownership? We paid on time and did not use or go overboard on home equity loans. We pay for the mistakes of banks and borrowers who did in loss of home value. Certainly we should be rewarded for being good and not those who screw things up.
reverendbarbMessage #2762 - 09/09/10 12:17 PMI hear you Crying Tree. Probably most people can name someone who hasn't paid their mortgage in over a year. Yet, I've always lived within my means and paid all my bills on time. Now I feel like I've been sucker-punched and will have to carry the burden for others that didn't make sensible decisions. It feels quite discouraging - wish I had an answer to all this.
PoorandUglyMessage #2763 - 09/09/10 12:29 PMProbably most people can name someone who hasn't paid their mortgage in over a year. Actually, some are living in rent free in places where they have not paid in as much as 3 years. But everything is gravy because as long as the fascists like Government Sux and AIG got made whole, it's all good now right?? The reckless and the robber barrons got theirs, so the rest of this country should be content and thankful now right? Just remember what pro TARP, bailouts and housing support and cheap money of media outlet - Bubblevision once said (or keeps saying every freakin day as if you are stupid jackass tv viewer): "Free market capitalism is the best path to prosperity."
BGA4444Message #2764 - 09/09/10 02:00 PMOur government now operates not on free market capitalism but on what I have deemed as "Business socialism". This is where business are allowed to not fail based on their relationship with the government and the payoff of politicians. Historians will look back on this time in America and say the politicians of the day were treasonous bastards who sold-out our country and it's citizens for special interest. The politicians who voted for the bailouts should be tried by a jury of citizens and if found guilty of treason should be taken out and shot right then! I'm just saying!
DriftrMessage #2765 - 09/09/10 02:04 PMProbably most people can name someone who hasn't paid their mortgage in over a year. I'm one of the few that can't name someone. Then again, I don't have any friends living in California and only one living in Florida and I live in Dallas where I think so far we've been relatively 'lucky' during this rec(depr)ession that just won't seem to quit.
PoorandUglyMessage #2766 - 09/09/10 04:09 PMHistorians will look back on this time in America and say the politicians of the day were treasonous **** who sold-out our country and it's citizens for special interest. Agreed. But unfortunately, at the same time this remark (not you) makes me sick to my stomach, albeit true. Only in time for the obvious to be observed and learn from? Tragic, pathetic and sad. It will be too late as more pain and misery and loss for the downtrodden, meek or simply the folk (called Chumps) who are just trying to play by the rules and "work hard" goes by the wayside. How much and how long is enough enough??? What does it take?? Personally, imo, the next 2-5 years are crucial as how the economy and political landscape evolve. In my gut, assuming economy does not remarkably improve (let alone decline), the masses will be so fed up with Congress, Presidency etc.. that things will start to get "dicey" whatever that exactly entails. This is my gut intuition for now as I am always proactively planning and thinking of intermediate and long term future. I don't bother with the short term necessarily as that is ruled big time by the fascist elitists and the media propaganda machine. Too heavily manipulated and obfuscated to make head or tails one day to the next. I will leave that to the manic depressive on another thread out there to curse the scumbags.
time2shareMessage #2767 - 09/09/10 04:58 PMThe media spinners and manipulators are controlled by the rich getting richer powers that be. They want to put you to sleep so WAKE UP ! And do some thing ! How do you fight back? LOOK AT YOUR LIFE WHAT YOU BUY AND WHY YOU BUY IT!....WHAT IS REALLY IMPORTANT? 1- Do not take Banks money, Loans or creditcards..etc...Be self sufficient.....2-Do not support any public company that has a negative feed back consumer cycle.... ( That's all of them)...3-Prepare to bite the bullet and transact in cash only......The underground CASH economy is alive a well and doing very good....4-Drop all plastic transactions....5-Keep a very low key...no fancy stuff...Just eat well and use everything to its physical end...6-Stop paying interest and fees of all types......7- control you impulse buying habits Pay attention and discover the lies...So called corporations have 2 trillions of money on their balance sheets....HA! Those same corporations just raised and sold millions in corporate bonds..HUMMM? Excuse: Refinance Bond debt load....As their cost of Debt was 4-6% rates over the past 18 months and now at 3-4% where is the savings..NOT MUCH!....Real reason: THEY SEE AND FEEL THE Double DIP happening and their stocks crashing they will need the cash to survive! Pay attention to the lies in the media by way of government.....Economy is growing and doing well story......What is really going on?.....Record Bank failures and now Credit Unions starting to joint the failure party....Record foreclosures and bankruptcies, massive 2.9 million homes in shadow inventories.... Pay attention to the lies.......and manipulation.....8 different Unemployment buckets, UNEMPLOYMENT REPORTED AT 9.6% 1- Just unemployed and can claim estimated at (12.4 million) 2-discouraged unemployed and stopped looking does not claim ( 4.3 million) THESE ARE NOT COUNTED 3- Actively looking but still unemployed no benefits (3.3 million) LIVING OFF OF 401K's, Savings, etc......4- The Unemployed on emergency extensions (6.2 million) 5- Under employed 6- students on part time, Seasonally adjusted figurers and so on! You get the shell game! THE REAL UNEMPLOYMENT RATE IS around 16.4% not 9.6% as reported......More lies....... THE MARKETS WANT TO BRING YOU BACK USING THE GREED DECEASE.....KEEPING THE HAMSTER ON THE TREADMILL AND IN THE CAGE....DO NOT PLAY THEIR GAME! TAKE CONTROL BACK AND STARVE THE BLOOD SUCKING LEACHES OUT! MILLIONS OF AMERICANS ARE STAYING OUT PERMANENTLY......and the roaches are starting to feel scared...KEEP IT UP!!! FOR THIS HALLOWEEN THE TRICKS ON THEM! SIT BACK AND WATCH THE COLLAPSE HAPPEN!
DriftrMessage #2768 - 09/09/10 05:08 PMTime2Share - I can just imagine you sitting there singing along with the Pixies as it all comes crashing down. With your feet in the air and your head on the ground Try this trick and spin it, yeah Your head will collapse But there's nothing in it And you'll ask yourself Where is my mind
time2shareMessage #2769 - 09/09/10 10:36 PMNo..! Driftr.....! I must have hit a nerve...You must be one that had to do with sell us on the con and shell game! Are you have a hard time sleeping? I will not be happy when the collapse happens....because that means that we will all pay for the mistakes of a few hundred thousand followers like you and the rest will be hung out to dry. Like now children will grow hungry and mothers breast milk will run dry for lack of food. This present trend mimics the the great depression of 1932 before the big plunge...THIS TIME IT IS GOING TO BE BIGGER AND DEEPER AND IT IS GOING TO HAPPEN AGAIN! If you saw the news today at all, Deutsche Bank and Commerce Bank of Germany will sell stock to cover the huge debt losses and replenish reserves all to stem a possible run on the banks when they start to fall like dominoes and collapse...so get ready there will be no place to hide...I say stay in cash because when you go to take out your money it will not be frozen up with "liquidity issues", TRY to sell when no one wants to buy! WHEN ALL THE STOCK MARKETS NEED IS 50 milliseconds TO JAM A FALSE TRADE DOWN AND SCREW YOU OVER....Enough said...! HOW MANY TIMES HAVE YOU BEEN SCREWED OVER? IF YOU KEEP GOING BACK YOU MUST LIKE IT!!!! MORE POWER TO YOU ....I HOPE YOUR TEETH CAN HANDLE THE NEXT GRIT WHEN THE REAMER COMES!!!!! SEPTEMBER WILL BE SO NEGATIVE IT WILL MAKE YOUR HEAD SPIN LIKE LIND BLAIR IN THE EXERSIST...CAN YOU SAY...GEeeeT OUuuT!!!!
rick the nickMessage #2770 - 09/09/10 10:58 PMup America the only thing that will save this country is to get rid of free trade. We tax everything coming into this country. Why is the president sitting there, sign the executive order to stop free trade now. If not I recommend we vote repubicans back in office. We are sitting here like lame ducks, waiting for a major disaster to happen.
Virgil SyonidMessage #2771 - 09/09/10 11:24 PMProtectionism's a two way street, Rick. You tax everything coming in; the world taxes everything going out. According to the WTO trade volume, the Baltic dry index, etc., international trade is already hurting. You shut down trade, you shut down international shipping. You shut down international shipping, you reduce the need for continental shipping. You hike the price of international goods, kill off demand from foreign markets, and throw a wrench into continental shipping, then you're looking at a real recession.
hvfpaintsMessage #2772 - 09/10/10 12:20 AMWith unemployment officialy at 9.6% and U6 at 16.75% and, without the birth/death factor, 21% we ARE in a real recession/depression. Somewhere between 1931 and 1932 by those figures.
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:51:44 GMT -5
Crying TreeMessage #2773 - 09/10/10 04:39 AMVirgil Syonid - That is pretty it in a nut shell...... Housing in my area is changing. We had six for sale in a 20 house area before summer. Now we have 1. Also 4 renters moved out and 4 new renters moved in within two days. Newer cars and new money. I think early bird baby boomers are buying homes here as out of state licenses are coming with the new people. Their is not much work here and high unemployment now. Housing is supposed to go up 33% here in the next few years. Prices are well below value to build. Trouble is we like our house and its not for sale even if prices go up.
DriftrMessage #2774 - 09/10/10 12:39 PMNo..! Driftr.....! I must have hit a nerve... That must be it. Are you have a hard time sleeping? Only when I think about the idiots that my girls will fall in love with in high school only to have their hearts broken the next week. I lay awake some nights wondering how I can stop that from happening Otherwise, I'm good thanks. HOW MANY TIMES HAVE YOU BEEN SCREWED OVER? IF YOU KEEP GOING BACK YOU MUST LIKE IT!!!! MORE POWER TO YOU ....I HOPE YOUR TEETH CAN HANDLE THE NEXT GRIT WHEN THE REAMER COMES!!!!! SEPTEMBER WILL BE SO NEGATIVE IT WILL MAKE YOUR HEAD SPIN LIKE LIND BLAIR IN THE EXERSIST...CAN YOU SAY...GEeeeT OUuuT!!!! Apologies for the offense I obviously caused you. I didn't intend for you to get your panties in a bunch. It really wasn't meant as an insult. I thought Fight Club was excellent and really liked the whole premise behind it (if not the methods used to attain the result).
Crying TreeMessage #2775 - 09/11/10 04:41 AMBGA4444 - Welfare people and politicians are one of the same. They sit around and do nothing but talk about how to get more for themselves. If you switched the welfare people to politicians and politicians to welfare. Nothing would change. They would sit around and do nothing but talk about how to get more for themselves.
time2shareMessage #2776 - 09/11/10 07:15 PMThings are spinning out of wack and everyone's out to score the big deal even if they have to lie a cheat to get it. That is what gets me ...! But really gets me is that we are starting to accept that behavior and it is infiltrating every aspect of our lives.....At first it was a little hear and a little there and you generally stayed away from those people, set them aside and went about your business...but now! They are everywhere.....Cons, Scammers, Pill / drug pushers (Drug companies), Bait and switchers, peacially the media lies, the cover ups, The insiders, the lead paint in toys, etc...Why do they want to fake and fool us like that? IS it all about the money? OR they really enjoy bring deception and pain to other people......Why can a simple investment turn over a simple profit with out having all the fine print? It is not you.... it is all the bullshit that come before and after. I guess all the bullshit has been also affected by inflation too!
JnapMessage #2777 - 09/11/10 08:05 PMCome on Guys, it isn·t all black out there. Fifteen years ago I was laid off from a job I held for thirty years. I felt pretty bad during that time and wondered what I would do to earn a living for the next 14 years before I would be eligible for Social Security. In fact I was so depressed I just sat and thought about it and couldn·t get up and do much of anything. Ultimately, I recovered because I realized that when I left the company I did so with the one thing I came there with: my education. I was very fortunate that I had kept current so my education became the vehicle that enabled me to move on and prosper. However, what I have witnessed since that day, fifteen years ago, and continuing, is that the basic premise of America has changed. Businesses do not operate as they once did. Government does not operate as it used too. Politicians will spend millions · Florida·s Republican P*ick Scott has spent 50 million dollars, and counting, to get a job that pays 132 thousand dollars a year. When I go to my bank they don·t want to help me get a loan or pay me a reasonable amount for the money I have deposited, instead they want to, either deny me a loan or pay me almost zero for my funds. Businesses that promise to provide a service or product most often either renege or provide something that is crap. In fact more and more of the stuff I buy at Home depot and Lowes, made in China, is just that, crap. I often wonder if they are making a product or a knife because when I try to install it I often get cut. I look at this stuff and usually say ·what a pile of Sh**·. When I need help with some computer product or other device I am talking to some person in another country that either doesn·t understand what I am saying or doesn·t have the tools to help me. The American companies that employ these people are the real culprits because they don·t give them the tools needed OR are using them to deny proper service. The stock market is another place that has done nothing to protect the saving of millions and millions of investors. Mutual funds are particularly galling because I see little evidence they are looking out for their customer funds. With the power they hold why are executives getting obscene wages and bonuses, especially since many companies have returned very little to their stockholders or have, in fact, lost money? The last ten years have provided almost zero return for most mutual fund holders. Since I am kind of pissed let·s cite some other examples. Why do I have to sort all of my trash and then wrap some in a bow and bring it to the curb, twice a week, just to get it picked up? Why do I have to provide my birth certificate just to get my driver license renewed? One I have held in this state for 45 years. Why does Microsoft make such a shitty operating system that increasingly proves they are most interested in protecting themselves instead of providing quality and usability? Why do I find myself complaining about terrible roads and outrageous gasoline prices? In my area of Florida they charge sales tax on gasoline so the higher it goes the more tax they collect. Why are politicians; getting back to that subject, unable to work together? When did personal belief: liberal or conservative, overshadow common sense and what is best for most Americans? Why do the rich have to be such greedy assho**s? How much money does it take to be satisfied? Do they have to make, in one hour more than some do in a year? Why do credit card companies try to find every method they can to screw their customers out of as much money as they can? And the people they screw often are the ones that can least afford it. The same is true for insurance companies, particularly, health insurers, home insurers and business insurers. In fact I believe they encourage higher costs because they take 30% off the top so the more they spend the more they charge and earn. I could go on but I am getting tired. I would welcome your comments.
Crying TreeMessage #2778 - 09/11/10 08:46 PMIf we can get up and go to work so can everyone else including politicians. We had one politician in Washington State who lived in Hawaii. Now that the stock market got cleaned up (?) it time to clean up the political system. Maybe they need to punch time cards or have gps hats so we know where they are at now. They are public employees and work for us.
Crying TreeMessage #2779 - 09/12/10 01:51 AMYou get a government pay check then you owe work to the public. Too hard core? Cops & IRS earn their money. Welfare people can pick up trash in their neighbor hood to help keep the environment clean. Give tax payers a little back. Then politicians can be political productive workers with something more solid than I.O.U.'s
BGA4444Message #2780 - 09/14/10 11:56 AMMany on these boards talk of the 90% still working. I am one of those 90% but as a manager of a flooring store whose salary and bonuses have been cut by 40% I have to wonder how many others are out there like me? Have any of you taken pay cuts or because of commission or bonuses just making a lot less? We are not counted but have a big effect on the economies ability to recover!
reverendbarbMessage #2781 - 09/14/10 03:17 PMBGA4444: You make a good point regarding people who have had their pay cut, or business owners who have had to cut their own salary. Maybe a new thread for this topic would be a good idea?
Crying TreeMessage #2782 - 09/20/10 03:06 AMMaybe taking a good look at Detroit, Michigan will give people a good idea of what's coming if things don't change. The auto industry lost out to foreign car makers. Now we have run down homes that have been abandon and being occupied by gangs. Grass that is now weeds over two feet high. Broken windows and some burned out. Blocks of these houses. Are taxes paid on those places? Too many houses that are not maintained and many more neighborhoods could become a Detroit if jobs are not created at home. Taking America's living for the average person and giving it to foreign countries has been destroying the USA for some time.
common_sense.Message #2783 - 09/20/10 05:33 AMThe auto industry lost out to foreign car makers get real, the U.S. car industry defeated itself.
great depression1Message #2784 - 09/20/10 09:47 AMDont kid yourself.the govmnt bailed out american car makers namely GM and now they are building these punk green cars and its the u.s. govmnt buying them,not americans.....bailed with printed fake dollars and bought with the same.
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bga4444
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Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:52:36 GMT -5
Life was goodMessage #2785 - 09/20/10 12:07 PMMake no mistake, our Federal, State, local governments and all the US Citizens are being held hostage and denied the pursuit of happiness by the Federal Reserve and Central Banks. Control of money means control of every aspect of our lives. Our government does not control our Money, therefore the government is in no position to adequately address the issues. We the people need to take back our monetary system. Abolish the federal reserve act and give monetary control back to the treasury.
Crying TreeMessage #2786 - 09/20/10 07:19 PMWhat a bunch of confusion. USA's panel said things are getting better. CITI Master Card Canada canceled their customers credit cards. Huh? Right in the middle of things are recovering? Huh? Seems like bad timing or bad information somewhere. Those who lost jobs and are on the streets are bums instead of unemployed workers? We have less unemployment and more bums? The banks are getting rid of toxic loans and books reflect improvement. Huh? What? I live here and the economy is getting more like watching fantasy island on tv.
time2shareMessage #2787 - 09/20/10 07:27 PMMake no mistake the president, congress and the house are all living in an Illusion....The Recession ended in June of 2009? Are they all Freekin crazy???!!!! We loose 450+ thousand jobs every month.....98,000 homes repossessed in August.......Foreclosed Shadow inventory increased by 18,000 with a 2 year backlog now starting to snowball.......375,000 Americans families now more that 3 months delinquent on mortgages..........Unemployment really at 18% in most states and most have given up or lost benefits all together and have dropped out of the tally "conveniently" and about to spurt on " another recession"..........THE SHELL GAME IS ON And Wall Street is up? .......THIS IS THE BIGGEST DISCONNECT EVER!!!! GET OUT OF THE MARKETS!!!!! SOMETHING IS TERRIBLY WRONG !!!!!!! THEY ARE SETTING YOU UP AGAIN FOR ANOTHER BIG DROP!!!! GET OUT !!!!!! SAVE YOUR HARD EARNED CAPITAL AND PRINCIPLE!!!!
Mike C4wMessage #2788 - 09/20/10 07:29 PMglad i didnt take this advice this morning.....
BGA4444Message #2789 - 09/21/10 02:16 PMHey Mike I think if you listen to any one guy on MT you might get hit hard. Most of us are very radical Bears or Bulls. I think the best thing to be is a Beall or a Bulears!lol
Crying TreeMessage #2790 - 09/21/10 02:53 PMSeems like a merry go round. Credit cards are getting better and now that's not true. How can anyone run up $30,000 to $100,000 in cards? Must be a lot of nuts who think they were doing great until the bill came. Buy homes they could not afford and trash them plus walk away. I still say people that claim they are stupid and did not know they could not pay are either idiots or liars. You learn that math in the 6th grade. They sure left the rest of us holding the bag with house values and tight credit.
BGA4444Message #2791 - 09/21/10 04:45 PMCrying do not believe poor people buying homes caused this. Do you think poor people bought homes in the 1930's? Heck no. This whole meltdown was caused by banks buying politicians and getting them to repeal laws that had protected us the 1930's.
PoorandUglyMessage #2792 - 09/21/10 05:11 PMWe have gone through them before.. we will go through them again... You better hope there are no more "recessions". Can we even afford another one? ? What do we do then?? Everything has been thrown but the kitchen sink at this one, for what? So people feel good about their nominal stock portfolios for a 1-3 years? Then what? 14 trillion in debt, back breaking ridiculous deficits, rampant current joblessness, declining wages and disposable incomes, record low tax revenues coming in, poverty rates skyrocketing ......... and all this AFTER THE OFFICIAL END OF THIS LAST RECESSION BY NBER. So how much more should we borrow to to bail us out of the next inevitable recession? When do we humbly bow down to failure and LEARN from it?
Crying TreeMessage #2793 - 09/21/10 05:30 PMMake no mistake we are in a depression and Make no mistake we will come out of it. Selling America short is selling yourself short. It is not recovering fast enough and recessions never do. I stayed with America when the anti establishment baby boomers were running wild. Now the baby boomers are part of the establishment and work hard. They did a lot of damage to their health with drugs and alcohol in their youth and most will not live too long after retirement. Burning the candle at both ends and you run out of candle. Oh well, time tells all tales.
Crying TreeMessage #2794 - 09/21/10 06:13 PMBGA4444 - I grew up very, very poor. Who do you think they sent to Vietnam? Not the politicians sons. Not the rich peoples sons, they had connections and went to Germany or college. Vietnams soldiers were mostly black Americans. White before Black except in war. I told them I wasn't black and they said your one of us. Poor. You don't stay poor if your willing to work for less and move up the wage scale. Sitting around feeling sorry for yourself and you go nowhere fast.
Mike C4wMessage #2795 - 09/21/10 06:25 PMCrying do not believe poor people buying homes caused this. Do you think poor people bought homes in the 1930's? Heck no. This whole meltdown was caused by banks buying politicians and getting them to repeal laws that had protected us the 1930's. This whole mess was brought on in the early 90s by a U.S. president saying it was a right to own a home and changing the rules so people without the customary 20% to put down started buying homes. plain and simple.... It all ballooned from there until the bubble burst
time2shareMessage #2796 - 09/22/10 07:09 PMGo back to page 217 message 2595 on 7/14/10........What did Block Buster do today? FILE FOR BANKRUPTCY........ ! I hate to say, I told you so! But I did......! GET READY FOR THE BIG DOWN TURN...THE MARKETS ARE DISCONNECTED FROM THE TRUTH AND ARE GOING TO FALL HARD....GET OUT WHILE YOU CAN! WE ARE NOT THERE YET AND IT HAS BEEN DELAYED... BECAUSE OF GOVERNMENT INTERVENTION.........FANNIE MAE & FREDDY MAC ARE BEING KEPT UP FROM COLLAPSING BY THE GOV'T.... LOAN DEMAND FOR HOMES....LOANS.....IS FALLING FAST AND EQUITIES TRADING VOLUMES ARE LOW.....LOW....LOW.....ALARMINGLY LOW....WALL STREET IS ON A DIET......FALLING HOME PRICES WILL LEAVE EVERYBODY UP SIDE DOWN AND STRAPPED DOWN.........WITH CASH FLOW PROBLEMS......IT IS ALL COMING TO A HEAD....and it is better getting yours back than giving it...on a plate to those Wall Street blood Suckers......! DEMAND FOR EVERYTHING HAS DROPPED DRAMATICALLY....Let's not call it a double dip.....OK OTHER RECESSION....LETS BE REAL...........THE BRAIN WASHING HAS STARTED AND THE DOW TRAP IS ON...WILL YOU BE CAUGHT?
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bga4444
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Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:53:29 GMT -5
BGA4444Message #2797 - 09/22/10 08:19 PMIf you believe poor people buying houses caused this you might as well blame the increase in the minimum wage that happened right before the downturn too. I knew when those greedy people making $4 dollars a hour and wanting over $5 that they would cost us jobs. The republican politicians called it too! They said if you raise the minimum wage people would lose jobs! My God were they right or what. Really scary like fortune tellers. But you know they said the Bush tax cuts would solve everything too! More jobs they said, unemployment solved they said, new businesses springing up they said, they will take the money and reinvest they said. What lies! Now democrats are spending like they are republicans. All this crap just confuses me! One thing that is not confusing is the repeal of Glass-Stegal. The repeal of that law alone caused this meltdown NOTHING ELSE. That law protected us for over sixty years till bankers bought politicians and screwed us and themselves. Do you guys even know what that law did? Do you even know what the ramifications of the repeal were? We are living with with what the repeal of that one law has done. Reenact Glass-Stegal and reel the banks back in. PERIOD!
PoorandUglyMessage #2798 - 09/22/10 09:37 PMAll this crap just confuses me! That's the idea BGA444. I don't know and it is pure speculation on my part but you have to wonder when there is disagreement on some things by some people, is there another agenda? It is becoming stupendously and ridiculously comical the dissent from some. Remember, it is all about UNITED WE STAND DIVIDED WE FALL. And for the sinisterly smart and super elite among us in this country, that motto is an anathema. Is it any wonder how intricately divided we really are??? To whose advantage is this really benefiting?? See the bigger picture in all this? It is disconcerting to say the least.
Falling Sky - NotMessage #2799 - 09/22/10 10:03 PMOne thing that is not confusing is the repeal of Glass-Stegal. The repeal of that law alone caused this meltdown NOTHING ELSE. That law protected us for over sixty years till bankers bought politicians and screwed us and themselves. Do you guys even know what that law did? Do you even know what the ramifications of the repeal were? We are living with with what the repeal of that one law has done. Reenact Glass-Stegal and reel the banks back in. PERIOD! Amen Brother! - The only thing I'll add is the Usury Laws that existed until 1979 should be brought back. Before that Banks & Credit Companies could only charge a maximum of 18% interest. Charging a person that has bad credit 28% interest is like kicking a dog that is already down!
Mike C4wMessage #2800 - 09/22/10 10:52 PM Now democrats are spending like they are republicans No my friend Democrats are spending like Democrats...
DUSTYCATMessage #2801 - 09/22/10 11:30 PMblow hards
DUSTYCATMessage #2802 - 09/22/10 11:39 PMget ready for a two hundred percent increase in your wounderful health care reform. let all the democracts pay for it they never get sick
BGA4444Message #2803 - 09/23/10 11:45 AMYou know it is really funny. Socialized medicine is fine for our senior citizens. Our moms and dads, grandpas and grandmas. You never hear the insurance companies complain about the government insuring folks who are old and have health problems. Friends healthcare is going to bankrupt us. Socialized healthcare is the only way. Do not worry if your rich enough you can have somebody killed and get the heart, lung or liver you need. You greedy aholes. How much is enough? Oh Mikec4w, I'm sorry I forgot how much republicans put us in the hole under Bush. Very conservative yeah right!
time2shareMessage #2804 - 09/28/10 04:15 AMIt is not as bad as DOW 1000 like one said today on CNBC but it will get down to 6000. The Government will start to unwind equity positions in AIG and find out they are on the hook sill for 283 Billion. The Government will start to unwind positions in GM and GM at 139.00 est. initial offering (@the so called break even point) will the stocks on new Suckers that still think the stock market is a wise move.... Look at this stock to take a down to 100 in the first 4 days after the sale starts.......The merger and acquisitions all start to accelerate ..The idea is to use cash on hand and buy now and charge off restructuring charges to save on taxes or finance it cheap with low interest rate and play the shell game just the same...... IT IS ALL A SHELL GAME .. A RUSE, TO HYPE UP VALUE.....HIDE THE LOSSES AND SUCKER YOU INTO A SUCKER BULL RALLY........Look AT RIMM's announcement of tablet a year from now and RIMM Stock took off without selling one tablet yet....THE MARKET's ARE DISPLAYING CHARACTERISTICS OF A MAYOR DISCONNECT WITH REALITY.......SALES ARE DECREASING, UNEMPLOYMENT IS INCREASING AND AS THE BIG GUY HAVE A 50 MILLISECOND LEAD ON YOUR PLAY THE HOUSE(the big boys) WILL BEAT YOU EVERY TIME......GET OUT WHILE YOU CAN AND SAVE WHAT EVER YOU CAN !!!! THE TIPPING POINT IS GETTING CLOSER...LIKE 2010 Space Odyssey "SOMETHING BIG IS GOING TO HAPPEN"! but unlike that movie you can't change the channel if you do not like the results! Look for more "BIG" Bank doors to close and fall under FDIC command......and more money to be pumped into both Freddy and Fannie to try to avoid a total collapse to no avail.........TRADING VOLUMES CAN NOT SUPPORT THE EXSISTING WALL STREET STRUCTURE......SOMETHING HAS TO GIVE!!!!Loan demand has dropped to lowest level in 75 years....Personal bankruptcies are at all time highs and The troops are coming back to the USA and find themselves on the unemployment line for the first...as national guard groups get relieved. GET OUT NOW!!!
BGA4444Message #2805 - 09/28/10 11:06 AMObama signs 30 billion dollar small business ( Give more money to banks who are not lending) bill. I thought Goldmansucks had the small business 500 million loan covered. Goldmansucks used that money to pay their fine to the SEC. The 30 billion dollar announcement should be good enough to run the market up a 100 or so points today.
BGA4444Message #2806 - 09/28/10 02:10 PMThe 5 year look at the "Baltic Dry Index" shows the before, during, and after the so called bottom. However, the last 12 months shows highs that are getting smaller and smaller. I look for a really bad low number in the next four weeks based on the trend line. This morning on MSNBC they stated steel shipments into China were really greatly impacting the BDI. I guess it might be time to short "Steel"!
Crying TreeMessage #2807 - 09/28/10 06:55 PMBGA4444 - Give to banks and everyone else earns it and pays to banks. Something's wrong with this picture.
PoorandUglyMessage #2808 - 09/29/10 08:09 PMLet's just add more debt on top of existing defaulting, never to be paid back debt so that the DOW can surpass 11000 in no time. And we will just chalk it up to the euphemism fancy schmancy label as they refer to it as "QE Part Deux", then next round will be QE Part Trois, to infinity and beyond!!!!!!! It's a big giant joke folks!!!!!!!!!!!
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bga4444
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Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:54:21 GMT -5
Maestro 101Message #2809 - 09/29/10 08:17 PMEverything is wrong with this picture!
time2shareMessage #2810 - 09/29/10 08:25 PMDon't be fooled The refinancing going on is with considerable "cash out" as well these companies(and they are many of them) are using it like a credit card...Doesn't that Sound familiar ? Yes, the housing market ...!!!! And look what happened there! The new shell game is on....Refinance debt, Buy a company or two,...Charge off restructuring cost..... hide massive debt with new offerings(bonds, junk bonds, new IPO as company splits up(diversification happens) ...New suckers (new investors) get sucked into buying....Increase prices to make investors happy....Company Gos out of business! In the mean time....Wallstreet bankers and everybody gets a cut while the investor gets caught holding the bag! What a business life cycle! FedEx announced price hikes to expedited services...to take advantage of the just in time business delivery....If you are a business owner and own stock in FedEx, NOW WHAT? Their goes your dividend and You just Increased your cost of doing business.......If you are going to pass it on......You could possibly lose your customer..........Now, tell me why is that GOOD? This same cycle is prevalent in all public companies ..PAY ATTENTION AND GET OUT OF THE MARKETS....PUBLIC COMPANIES ARE ANTI Consumer Companies they work against you and take from you at both ends....You are paying more that you should ... General Mills, Office depot, Car MAX, John Deer, CAT, GM, Ford, CITI, GE, CHASE, and I could on and on!! They are all pricing themselves out of the game and digging them selves into a grave.....GET OUT NOW! THINGS DO NOT SEEM RIGHT!!!! it's A TRAP!!!!!
PoorandUglyMessage #2811 - 09/29/10 08:48 PMYou could possibly lose your customer Many American companies and industries including real estate are losing customers left and right (here in America, not China!!!!!!). They are all going to Apple still. Come loss of job, no cash, completely indebted, or hell or high water, customers will find the money to buy Apple products even if they have to rob, cheat and steal from others lol. So much for what Henry Ford once said which is : "If I lay off my workers, who will be left to buy my cars?"
Ultima ratio regumMessage #2812 - 09/29/10 09:04 PMGET OUT NOW! THINGS DO NOT SEEM RIGHT!!!! it's A TRAP!!!!! There is no where to go,already trapped,everyone is pointing their fingers at who is to fault,2% of the country owns 98% of the wealth,corporations can now buy their own congressmen legally.I do not believe it is a question about being fooled,anyone who can reason can see the immense effort to soak up the rest of the wealth in the daily media.We can see how much trust there is in the present situation by the price of gold.Things are not right,we are all aware of that.
PoorandUglyMessage #2813 - 09/29/10 09:19 PMWe can see how much trust there is in the present situation So much for the old adage that says:"Your word is your bond." And yet these sons of btches want you to trust them again? What temerity and arrogance!!!!!!!!!
Ultima ratio regumMessage #2814 - 09/29/10 10:05 PMarrogance AIG will not tell who they gave all the taxpayer money to from the bailout,that, is arrogance,especially considering the taxpayer owns 80% of the company
Crying TreeMessage #2815 - 09/29/10 10:16 PMCapitalism may be OK but dishonest capitalism is not. Capitalism will destroy, kill or cheat for money. Now their warriors chop up or degrade people for fun. Those lucky ordinary citizens get to pay property taxes forever. A better system is needed that is fair to all instead of a selected few chosen by government officials.
schrizoMessage #2816 - 09/30/10 01:38 AMIn reading the above messages it seems important to mention how short memory is (literally.) Everyday we get away from a collapse type event the memory fades. The event becomes less important and therefore we become less interested in fixing the things that led up to it. The smartest fund managers, politicians and crooked bankers understand this very well. And that is why they say there is a new crop of investors every 10 years. They wait long enough and memory from a collapse fades and the lure of high interest on your savings become your faith. And then its harvest time again. The sheep get sheared. The crooked politician reinvents himself. With the gains in the markets in the last year the pain from the past fades and so its memory. Gold is the canary in the coal mine. I hope it is just another bubble, I'd be lucky to scrap up an ounce and my wife would be p*ssed
BGA4444Message #2817 - 10/05/10 11:11 AMBankrupt city governments, borrowing from bankrupt state governments, borrowing from bankrupt federal governments, to pay their bills. Frank is right on target, everything is fine just fine. Banks foreclosing on homes where the mortgage payments were never missed. Everything is fine just fine! My God I have never seen such a house of cards. I believe at this point it really would not take much to bring the whole thing down.
common_sense.Message #2818 - 10/05/10 11:53 AMBankrupt city governments, borrowing from bankrupt state governments, borrowing from bankrupt federal governments, to pay their bills. Frank is right on target, everything is fine just fine. Banks foreclosing on homes where the mortgage payments were never missed. Everything is fine just fine! My God I have never seen such a house of cards. I believe at this point it really would not take much to bring the whole thing down. Everday I wake up with that same feeling, but it gets stronger as the days go on. I believe it will be the banks that lead us down for good but what would be the trigger? - maybe the foreclosure fraud/moratorium? As more people stop paying their mortgages revenue streams dry up and you can't hide that on your books!
Life was goodMessage #2819 - 10/05/10 12:09 PMAmerica will not wake up until she is bleeding and starving. Until that time the fleecing will continue.
BGA4444Message #2820 - 10/05/10 01:44 PMThe number of American's on food stamps and welfare is out of control. The high school dropout rate is out of control. The number of American's hurting from this downturn is out of control. If we are not in a depression GDP wise we certainly are spiritually speaking. It is very depressing. I am very sorry for our kids. They are in for some hard times. All of us probably are! We have no one to blame but ourselves as we continue to elect the traitors.
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:55:14 GMT -5
Crying TreeMessage #2821 - 10/05/10 02:08 PMBGA4444 - 199 Los Angeles County Workers make over $250,000 a year. Source is today's L.A. Times newspaper. The greedy are grabbing everything and giving each other raises while welfare ranks swell to records. The few, the greedy are getting very rich at all's expense.
BGA4444Message #2822 - 10/05/10 08:13 PMWhen Goldmansux downgrades Home Depot lookout. What do they know we do not?
PoorandUglyMessage #2823 - 10/05/10 10:02 PMI believe at this point it really would not take much to bring the whole thing down. That's why it is essential to keep interest rates 0% as long as possible and be ready with QE at the ready. America will not wake up until she is bleeding and starving. Until that time the fleecing will continue. Agreed. Sadly, many don't know they are currently bleeding to death simply because they are in a como or under a powerful morphine drip AGAIN. The number of American's on food stamps and welfare is out of control. The high school dropout rate is out of control. The number of American's hurting from this downturn is out of control. If we are not in a depression GDP wise we certainly are spiritually speaking. It is very depressing. I am very sorry for our kids. They are in for some hard times. All of us probably are! We have no one to blame but ourselves as we continue to elect the traitors. The ones in control don't care. Like I said, all that matters is getting that stock market green one more day, month, year etc.. AT ALL COSTS. The elites understand that the stock market is the ultimate financial aphrodisiac. It is financial nirvana and appeasement of an otherwise angry mob. The same thing was done in 2003 which took a life of its own by 2004 with the housing bubble. They are trying to follow the same recipe again but to what end?
LivingInCaliMessage #2824 - 10/05/10 10:21 PMThe ones in control don't care. Like I said, all that matters is getting that stock market green one more day, month, year etc.. AT ALL COSTS. The elites understand that the stock market is the ultimate financial aphrodisiac. It is financial appeasement of an otherwise angry mob. The same thing was done in 2003 which took a life of its own by 2004 with the housing bubble. They are trying to follow the same recipe again but to what end? Currency debasement. The Fed is protecting the financial elite at all costs. Effectively the value of your stock investments will stay elevated but gas will approach $5/gallon and food prices will rise 20-30% while your wages stay flat. The upper middle class and better will do ok as they have a larger portion of their assets in what the fed wants to protect but the middle class and poor will suffer greatly. Eventually corporate earnings will be punished by the lack of consumer spending but this allows them to kick the can one more time. I'm thinking about going long commodities because if the currency does indeed break down then stocks are likely to suffer as earnings will be destroyed.
PoorandUglyMessage #2825 - 10/05/10 10:31 PMCurrency debasement. The Fed is protecting the financial elite at all costs. Effectively the value of your stock investments will stay elevated but gas will approach $5/gallon and food prices will rise 20-30% while your wages stay flat. The upper middle class and better will do ok as they have a larger portion of their assets in what the fed wants to protect but the middle class and poor will suffer greatly. Eventually corporate earnings will be punished by the lack of consumer spending but this allows them to kick the can one more time. I'm thinking about going long commodities because if the currency does indeed break down then stocks are likely to suffer as earnings will be destroyed. The upper middle class will suffer along with the rest. Unless one is super rich, many will be vulnerable for the financial sins of our fathers. I see it already happening. In the north east, some, if not many baby boomers with homes already paid off, cannot afford to stay in the region anymore simply because property taxes are becoming unaffordable to maintain payment of. Gold, silver and other precious metals are a proxy or pure vote now on actions of the central banks like never before. They are in an intermediate parabolic move right now however. Gold, in particular is ripe for an intermediate 30% correction anytime. Combined with potential debt busts, it can be triggered any time. Long term, the best commodities to invest in though are in the agriculture space because fundamentals there are the strongest imho. Farming real estate trusts dealing with Asian end markets or anything connected with farming and distribution of meats, rice, sugar etc.. to Asia is the long term best investment, especially over the next 5-15 years imho.
Life was goodMessage #2826 - 10/05/10 10:40 PMThey are in an intermediate parabolic move right now however. Gold, in particular is ripe for an intermediate 30% correction anytime. Concur, the paper hangers will regret jumping into gold without delivery. However, gold as has been the history this decade will bounce back to higher highs after the large correction. For those holding the metal, stay patient and keep plenty of Tums on hand.
schrizoMessage #2827 - 10/05/10 10:49 PMWell, what are the alternatives poor and ugly. In the 60's we were building cars that would wear parts out early because we needed the jobs it took to replace them. My Dad was P*ssed off about it and he bought a Toyota. Now the only reason we replace a car is if we are just tired of looking at it. What kind of an economy can we have if we don't over consume?? And I think you may get your way and not have another consumer driven bubble. Craigslist is where I go to buy something now. We are consuming each others junk. And its not creating jobs. We are rapidly eliminating jobs. I have always maintained we need to offer incentives to business that rolls back technology. How about incentives to open a brick and mortar business instead of virtual order online business?? How about smaller farms that ship shorter distance with their grain and livestock? We are eliminating our jobs by not buying the local newspaper and the examples go on and on. If you want a good short one page read check out the new Newsweek "MY Turn" about the banks. He nails the dishonesty of the system and how it has faded from memory so quickly. We are people that don't know how to stand up to how our banks go scot free while a street crook goes to jail for some silly crime. Many of us, including myself understand why that green piece of paper can be traded for things we want. But without the banks I don't think money can work. I can tell you this. Many are seeing a hot stock market for the future. If you want some of that green you may want to position yourself and get some of it along with the crooks. And if you lose what you have perhaps you won't be able to trade it for food anyway. Take a risk I say and ride the S&P through the inflation needed to get people buying crap again. Keep your heads up, this beats sitting in a hut in Vietnam.
BGA4444Message #2828 - 10/06/10 01:40 PMHmmm, the economy sheds 39,000 jobs in Sept.. Now we must add 125,000 jobs to stay even. So we really lost another 164,000 jobs. Now the talking heads very rarely talk about the number of jobs needed to just stay even! So it looks to me everything is fine just fine! Right Frank? I heard about a 5 cent tax on grocery bags. In another state. People quit using bags so it only generated half the revenue the government thought it would. Here in Georgia, Ga.400, a toll road, that was supposed to only be a toll road for ten years to pay for its cost, will now stay a toll rd. Marta, Atlanta's rapid transit authority is raising prices and cutting services. Metro area governments are raising property rates. So good times are starting, as governments begin to raise taxes to generate money for budget shortfalls. All this is really going to make the economy much better. Yeah right!
PoorandUglyMessage #2829 - 10/06/10 01:52 PMWell, what are the alternatives poor and ugly. In the 60's we were building cars that would wear parts out early because we needed the jobs it took to replace them. My Dad was P*ssed off about it and he bought a Toyota. Now the only reason we replace a car is if we are just tired of looking at it. What kind of an economy can we have if we don't over consume?? And I think you may get your way and not have another consumer driven bubble. Craigslist is where I go to buy something now. We are consuming each others junk. And its not creating jobs. We are rapidly eliminating jobs. Just because I have my own beliefs in where we are headed does not necessitate I take pleasure in it or like it. On the contrary, I have said many many times and will continue to say that what I believe as to what will happen can be chalked up to in some ways as a no win situation. But at every step of the way, I try to realistically and constructively think of solutions for the way out as in the solutions thread for instance. But it seems like some want to keep digging deeper holes as if there is no punity or price to be had now. If only in the past, in general, we had more consideration and care for the future, this "mess" could have been averted. Humans in aggregate seem to not learn from past mistakes and in some fashion or another are doomed to repeat them. For instance, what did they call the "Great War to end all wars"?? Oh yeah, they forgot, so they added the number 2 for the next one. Get it?? Tragic, pathetic and sad.
schrizoMessage #2830 - 10/06/10 02:34 PMNo I am with you Poor and ugly. I was just saying there may not be another bubble to keep this credit based economy rolling. I think there will be but with credit tight many may not be able to buy into it. I just don't see the jobs coming if we don't blow up another consumer bubble. Like i said there is so much used Chinese stuff out there now that you can buy anything you want second hand on ebay or craigslist. Who needs to buy new?? Its looking more and more to me that we will have to support ourselves with our abilities to grow food and invent ways to trade services. Where I am at in Nebraska we can't find enuf good help to keep things running smooth, so it all depends where you are located. But over all without good blue collar jobs the middle class is disappearing.
PoorandUglyMessage #2831 - 10/06/10 02:45 PMNo I am with you Poor and ugly. I was just saying there may not be another bubble to keep this credit based economy rolling. I think there will be but with credit tight many may not be able to buy into it. Cool. The next bubbles are back to the asset markets again. Every asset class going up. Some more than others such as gold and commodities. To Uncle Ben and Company, the economy is the stock market and currency of choice that makes the world go round even if your Nebraska goes down. Where I am at in Nebraska we can't find enuf good help to keep things running smooth, so it all depends where you are located. But over all without good blue collar jobs the middle class is disappearing. I hope it hasn't come to lack of proper sewage and other necessary services for you there? Unfortunately, at some point, I see many rural sprawl areas around the country will lack these type of necessary services possibly. I said in another thread (forgot which one) that contrary to popular belief it may behoove many to try to live in urban rather than rural areas so as to at least be able to live decently with services like these that we now take for granted, especially once upon a time at decent cost. In an urban center, at least, basic services like these and police and fire can keep you safer rather than out in the possible middle of no where imho. Hopefully I am wrong on this and that vision doesn't completely come to pass. But I already see it in parts of rural upstate New York now. There are "dead zones" with lacking police and fire and it looks right out of a horror movie like some ghost towns with paltry business activity and everybody and their grandmother going to Walmart as their daily basic social activity of pleasure if not ordinary consumption.
Crying TreeMessage #2832 - 10/06/10 03:12 PMExtra fees for firemen besides normal taxes outside the city. $75.00 in Tennessee. Someone did not pay and firemen let the house burn to the ground and watched animals die. Safety - B.S. Civil servants are way over paid and underworked compared to private industry. Private workers and government workers(city, county, state & feds) are on different pages when wages are concerned. No wonder they run out of tax money. Why not fire one of those $800,000 a year people instead of ten $80,000 in L.A. County - Calif. Out of control government wages has a lot to do with this rip off - depression - recession.
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bga4444
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Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:56:06 GMT -5
BGA4444Message #2833 - 10/07/10 01:22 PMIf you were watching Squawk Box this a.m. then you know the Fed is just buying time and the next downturn is inevitable. Just like the small business I am working for, small businesses will continue to suffer and eventually fold. There is nothing going on that will bring down the unemployed number. When nailed down by Karl on what specifically he would do to try and help unemployment. The guy stuttered and stammered and eventually stated the government would have to step in and aide industries who were close to being competitive on the world market. So while businesses who have worldwide demand for products will continue to do well. Those that don't are in for a even more difficult time. Today I will make recommendations to the owner that we need to batten down the hatches even further. Close our warehouse facility and lay off some more employees. I hate to do this, but our company is in survival mode and I see no other way to continue. If you are a business owner or manager I urge you to act now to protect the company and try to continue. I wish you all God speed in these tough decisions. I also ask that God bless all who are hurting. Good luck!
ljmmiiiMessage #2834 - 10/07/10 05:26 PMPerhaps if we all spent a little more time on value added activities improving our respective businesses and less time on message boards whining, we would start to see some improvement in our collective economic condition. STOP trading, STOP watching the ticker every waking moment, STOP complaining, STOP arguing, STOP listening to the hate brokers on the radio. We should all go do something more productive.
Crying TreeMessage #2835 - 10/07/10 05:28 PMSurvival mode is on for most. Some states are sucking the country dry while civil servants rack over blown pay checks in a down time. Civic leaders stealing what they can and smile when caught. It does not look good for job lookers. Seems like the financial picture is cloudy and going in the wong direction. Big corporations seem to be fine while small businesses go under.
BGA4444Message #2836 - 10/07/10 07:50 PMBankruptcies surge to a five year high! They are up 32% vs. 2009. The number of BK's will be 1.6 million by years end. I am just glad to hear "things are better" !
usa oneMessage #2837 - 10/07/10 08:53 PMTurn on any sporting event...college football...baseball playoffs ect. All sold out. There are some Americans affected but many americans are solidly employed and doing good. Unemployment for college educated americans is only 3.9%
usa oneMessage #2838 - 10/07/10 08:54 PMSurvival mode is not on for most americans.
common_sense.Message #2839 - 10/07/10 09:26 PMUnemployment for college educated americans is only 3.9% wait until enough bankruptcies hit the lower end of America, taking away their credt, and then let's re-run that number. Gonna to get much much beeeeeeeeeeeeger
Crying TreeMessage #2840 - 10/07/10 09:29 PMWelfare rolls are at all time highs. Sporting events are packed. The land of the rich & poor? Theft from public officials are like never before in history. Something's seems amiss. Traffic is heavy and vehicles require maintenance & gas. Some States can't meet their over blown budgets without help from the Feds. Seems like a whirl pool of ups and down in information. Take away all the stimulus money from the federal government and things may become clear to all.
schrizoMessage #2841 - 10/07/10 09:46 PMThe 90% of us working will have to pull the plow. Those that keep their homes will cover the taxes the cities are losing. Not to worry. Its the same old story. If you have something of value someone will want to take it from you.
Crying TreeMessage #2842 - 10/08/10 04:19 AMschrizo - Keep plowing. It may not be worth the paper its written on. It happens.
BGA4444Message #2843 - 10/08/10 01:26 PMUSAone you should post more on Frank's comments. Everything is just fine just fine!. I am just glad all college graduates are employed and making the big bucks! The new numbers just came out we lost another 95,000 jobs in sept. Oh I almost forgot we also lost the 125,000 we need just to keep up with population growth. So really 215,000 more down. Everything is fine just fine!
great depression1Message #2844 - 10/08/10 02:13 PMGot a buddy dumping his lifes money into a scrap business downtown,tried to warn him before hand ya cant trust the city council not to come in and close you down as they are in the works to redevelop the entire area with stimulus money..................scrap prices are good but not when you can get put out of business due to a bunch of liberals in a city council........its comming for him....he is leasing the land and building,with a clause that if the city takes the land he has 30 days to move.......
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:56:58 GMT -5
BGA4444Message #2845 - 10/10/10 07:14 PMDid I read this correctly Japan is pumping in 64 "trillion" dollars to boost a economy of savers smaller than us! What am I missing?
time2shareMessage #2846 - 10/10/10 08:45 PMThe administration just fudged the unemployment to try to save the elections for many......( Are you Better off NOW! )The lie is on and the downturn started this month.....August Back to school was weaker than expected and it just only helped the few retail store chains after a heavy discounted sales and high advertising cost as they competed with election commercial time slots......... Oil has started to come up again as the warmer winter weather continues in most states except that first freak storm in Colorado..........It is going to be a spotty winter and as the oil shifts from petrol to heating oil look at gas inventories to lower a bit. This Holiday season is going to be terrible for retailers as all unemployment extended benefits ended last week for 1.4 million Americans and will continue to end every two weeks there after......look for the second downturn to start right away. The Squawk is pushing the "Are you hiring Now" question....What a joke! Plain and simple. Companies will not hire until demand warrants it, that means we will not get thru this until 2016 at least!! Even people in Chapter 7 and Chapter 13 bankruptcy will be debt burden with the new Bankruptcy law...leaving 5.9 million Americans (since new law was enacted) in a whole new class of consumers in LIMBO for the next Ten years. That's why many now say we will not see a recovery until 2020......Look for the Unemployment rate to Tick up higher this next time with the possible whitewash story that seasonal hiring keep the rate the same....Which will be another BULL cover up story! ANOTHER RECORD OUT FLOW OF 401K hardship withdrawals continues THIS WILL CAUSE the start OF THE COLLAPSE!!!! AS MONEY IS USED TO JUST BARELY GET BY!!! AND WHEN THAT RUNS OUT? THE HOUSE OF CARDS WILL FALL...!!! GET OUT OF THE MARKETS! YOU ARE SEEING A MAJOR DISCONNECT....that will not last long now and is about to correct 30% lower at in a matter of days in early November! SAVE WHAT YOU CAN NOW AND GET OUT!!!!
schrizoMessage #2847 - 10/10/10 11:33 PMNice rant but your time frame may be wrong. People will go back to work when they will work for less. I would not spend my 401K waiting for that job that pays 25 bucks per hour. You work for 15 and adjust. I believe we will see that but no one is talking about it. This is how we will compete with the 3rd world. We are no longer as special as we were. Still a pretty good place to live.
djrickMessage #2848 - 10/11/10 12:01 AMThe rules of the game is who can screw the other guy and keep screwing him forever. Which brings us to today where we're now in a situation where the middle cannot hold much longer. On one side, we have the big corporations that have co-opted government to serve their narrow issues. On the other side we have the vanishing US middle class with anger and resentment at those enfranchised with wealth and power. As one of the middle class, my comment to those on top is simple: Fix this mess or die. That is all that the middle class wants, and if you lose the middle class, you no longer exist as a real political power. Think Obama is socialist? Just wait until we have another two or three years of this high unemployment. So, the tea party is all right wing- wait until they go populist and throw the rich under the bus.
schrizoMessage #2849 - 10/11/10 01:23 AMLets see. They are going to shut off the TV turn off the facebook and then get up off the couch to go fight rich people?? They would have to be starving.
Crying TreeMessage #2850 - 10/11/10 02:16 AMWhat's left of the middle class is in the middle of the road. Go right and your in poverty row, turn left and you need a skulls & bones id card to go past the gate guard. You could go straight and hit a brick wall in the wage department. Not to worry, their replacing the brick wall with a cliff. Looks like 10% rich, 20% middle class and the rest are like maggots in the garbage can. You get the left over's from the rich & middle class. What's thrown in the garbage can be fought over by the rest to survive on for a rosy future. One of the first budget cuts is school teachers. Now you won't know your in the garbage can. Pretty good place to be from? Bears like garbage cans. The aluminum can collector and beggars are the new middle class to be. Need Food - Need Money - Need Drugs - Need Alcohol - Veteran - Dot Com Loser or Ripped off in the housing boom. Please Help. We do have change for a hundred dollar bill.
schrizoMessage #2851 - 10/11/10 03:01 AMI think your right the middle class will be redefined. Working for someone else will not yield the gains we have seen as baby boomers. My wife went from nearly 20 per hour in a union factory job in mid 90's to 8 per hour doing other types of production. She is back to 14 or so but the easy days of being middle class are gone. Still, in America you can take a chance to do something on your own. I know I could have been rich with my talents but decided not to work that hard. We will have to work harder to be middle class now. It is what it is and it beats what most of the world has to do to eat IMHO.
time2shareMessage #2852 - 10/11/10 03:36 PMWhile at my Sears they just laid off 15 employees in the entire shoe department and put the shoes on the floor as a self serve department. The word is that they will cut back more buy doing the same all over and have only 6 register and make it all a self serve model....multiple that times all their stores...THAT'S THOUSANDS MORE UNEMPLOYED...It is not a rant...IT IS A FACT! A major work force transition and shift is occurring based by using technology to eliminate all jobs that deal with Now useless human jobs...and shifting to Science, Research,Space travel, Materials/Chemical /Biological engineering to develop new Things for the new consumption phase. by 2018....While the baby boomers get stuck not being retrained to fill this end gap of their era before they wither and die....It is like turning your back and not taking care of your parents when they are beginning to get frail.....What a waste of a very productive generation! THIS IS WHAT THE BACK END OF THEIR LIFE IS LOOKING LIKE!!! THEY GET RANSACKED BY WALL STREET AND THE GOVERNMENT CUTTING BENEFITS RISING THE RETIREMENT AGE AGAIN, ALL THAT ON THEIR WAY OUT.....many will have to work extra at McDonalds to recover back the MONEY WALL STREET STOLE WITH THE HIGH FREQUENCY TRAINING DEBACLE which is ONE OF THE DECEPTIVE WALL STREET PRACTICES AMONG MANY OTHERS...and not to mention all the out right thieves like Bernie and all the others on Wall Streets ....Some of you will have to make hard decisions whether to get a reverse Mortgage to survive if you are lucky...others will just give up and go to the local soup kitchen...I SAY AGAIN NO ONE IS WAITING FOR A JOB OR A GOOD JOB AT THAT.....THEIR ARE 45 OR MORE APPLICANTS for every ONE REAL JOB AND THE LINE IS GETTING BIGGER ...Their are so many FAKE JOB POSTINGS AND COMMISSION ONLY JOBS AND MANY BOGUS JOB SCAMS.........ARE YOU KIDDING ME? THE UNDER EMPLOYED IS ANOTHER HUGE NUMBER....THEY EAT PEANUT BUTTER AND JELLY FOR DINNER.......and only drive to work because they cant afford to take a trip to the local attraction......THAT IS WHAT IS REALLY GOING ON AND TAKE YOUR HEAD OUT OF THE SAND.................I BET YOU BELIEVE THE RECESSION ENDED.!? RIGHT! YOU HAVE BEEN BRAIN WASHED! IT IS GETTING WORST.......ONLY THE GOVERNMENT AND THE MEDIA ARE HIDING THE FACT......SOooooo Much MONEY IS BEING PUMPED IN BY THE GOVERNMENT UNDER THE TABLE WITHOUT YOU KNOWLEDGE TO PROP THIS FROM COLLAPSING and IMPLODING IT IS NOT EVEN FUNNY!!!!! GET OUT BEFORE IT DOES IMPLODE!
PoorandUglyMessage #2853 - 10/11/10 04:38 PMtime2share, You are dead wrong about many getting work at McDonald's to make ends meet. Many are APPLYING but getting DENIED even trying to get work there now, especially for the boomers and others. And peanut butter and jelly for dinner?? That sht hits the spot!!!!! Why does that food get such a bad rap??? Ramon noodles, okay - I can understand that but peanut butter and jelly, no way!!!!! And hamburger helper too!! That sht is mmmmmmmm mmmmmmmm good!! But seriously it is true that many are automating like crazy now. Just like Sears, CVS in my area at least had several clerks at cash registers only a few months ago and now all of them are gone! They were replaced quickly with new self checkout ATM-like terminals. Only one human register remains now.
PoorandUglyMessage #2854 - 10/11/10 06:22 PMWhat's left of the middle class is in the middle of the road. Go right and your in poverty row, turn left and you need a skulls & bones id card to go past the gate guard. I don't think we are in Kansas anymore Toto. From which, Goverment Sux and Wall Street replied, - Don't look at the man behind the curtain!!
PoorandUglyMessage #2855 - 10/11/10 06:24 PMThe rules of the game is who can screw the other guy and keep screwing him forever. I concur. So much for abiding by that old age proverb from the Bible, "Do unto others as they would do unto you." And I am not even religious!!!
Crying TreeMessage #2856 - 10/12/10 01:49 AMWhere's the serve yourself bank with money all over the floor? Who needs tellers ? Time to cut back on bank people. We can have poor & ugly and time2share as tellers. Maybe they then can be rich&handsome and its allmine2.
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Dec 24, 2010 3:57:51 GMT -5
great depression1Message #2857 - 10/12/10 04:50 AMGreen ink is where the money is investors.................buy green ink stocks,oh and theres a shortage of cotton fibers for the currency paper............so expect dollars that dont last 2 years anymore and basically degrade into dust after 24 months.........geithners idea to solving the recall of to many dollars in circulation! Its brilliant,this way the fed cant be blamed for causing the great depression again after they recalled 1/3rd of the currency after printing non-stop for 4 years........in 1932-33.
time2shareMessage #2858 - 10/12/10 04:02 PMWhy stop there...! I know a couple of the Airlines are seriously thinking of replacing pilots with upgraded versions of UAV units in the predator drones. NASA and the Air Force are testing and passing the Highway in the sky and final protocol certification for passenger use to be implemented in late 2015. The Great Depression is here and now with the assistance of technology it will creep up on everybody and leave us all to Evolve and just Explore the Cosmos and move off of this planet....Just in time before the Moon leaves the earths gravitational pull in 100,000 years (About 1333 Generations from now, at an Avg. of 75yrs. a Gen.)......How Liberating...BEAM ME UP SCOTTY!
PoorandUglyMessage #2859 - 10/12/10 04:12 PMThey showed on a certain 24/7 news channel last night how Google is continually testing completely self driven automobiles governed by a combination of their technologies including wireless networking, GPS satellites etc.... Supposedly they have had them on the road a while now (maybe 6 months - 1 year) but only limited their testing to roads in parts of California for now.
LivingInCaliMessage #2860 - 10/12/10 05:00 PM Supposedly they have had them on the road a while now (maybe 6 months - 1 year) but only limited their testing to roads in parts of California for now. We've had controlled tests out here in California on the enclosed HOV lanes (The car pool lanes that are separated from the highway via a concrete barrier). So far so good, but these cars aren't currently out on the road in traffic. It is likely just a matter of time before they are though.
BGA4444Message #2861 - 10/14/10 11:51 AMWall st. is no longer in a depressed state. Having said that there are still huge problems that must be addressed. The largest problem is the debt of most local, state, and federal governments. This debt not only includes current fiscal needs, but also long term retirement benefits including health insurance. While many complain about any type of socialized medicine none of the complainers have come up with a plan that will keep long term healthcare from burying us. So with all that said the 900 lb. gorilla in the room does not go away. The only way out is to tax our way out. This piper must be paid. I hope we all make a lot of money in the current market. Uncle sam will sure need it!
PoorandUglyMessage #2862 - 10/14/10 03:30 PMHave no fear, the Wall Street ponzi game will be in a depressed and worsened state once again once the interest rate game can no longer be controlled anymore. The only question left is when. How long will it be before this charade ends?? One month, one year, one decade ..........??
Crying TreeMessage #2863 - 10/15/10 12:58 AMIf we can't figure out who Obama is and what he stands for their will be no change. Boomer Rang stimulus money going to banks. Then they invest in bonds and interest money back to bank for bonus for bank employees. The ones who created the mess are sucking the country dry through fraud and doing it all over again. Stock market rescue money does the same. Bonus for brokers through stimulus. Democrats normally create employment and raise taxes. This time they just raised taxes and gave us some health bill no one can afford. Maybe they should change their parties name to Rich Rats.
time2shareMessage #2864 - 10/18/10 07:24 PMThe governments got 16 money presses going 24/7/365 to get you out of this mess...so how can they go Bankrupt? It cost .07 cents to print a 100.00 dollar bill... it is like "Cold Fusion" so they will "FAKE IN UNTIL THEY CAN'T FAKE IT ANYMORE"... Stock have to go higher to keep the bubble inflated as long as they can So what if someone makes money! The PONZI SCHEME will catch a whole lot of people off base and holding the bag.....YOU BETTER MAKE SURE IT IS NOT YOU! Still BELIEVE THE RECESSION IS OVER...LOOK OUT FOR DOW at 7,000 .......Wasn't it at 13,930 once.....? Think it can't happen again? It is only a matter of time....before it all collapses.......AND THATS HOW THEY GET RIPPING YOU OFF!!!!!
BGA4444Message #2865 - 10/19/10 06:21 PMRaising the retirement age is causing riots in France. Just wait till they raise the age to 70 here in the USA and 75 for full benefits. The next thing will be if you make more than the benefits you will be taxed dollar for dollar. Then we should see SS become solvent again!
PoorandUglyMessage #2866 - 10/19/10 08:03 PMThen we should see SS become solvent again! So much for that lockbox idea prohibiting or outlawing politicians touching that restricted money for their own pork barrel general funding purposes, huh? Yet now many of these same politicians (some on both sides of the aisle) want to abolish it because it is now "insolvent". Don't you just love hypocrisy?
LostOnEarthMessage #2867 - 10/19/10 08:37 PMI can't wait to see all the greedy weak and feeble minded cowards start jumping from windows. They chose death before poverty, because they consider themselves better than everyone else. HA! Go to hell you worthless narcissistic cowards!  Goodbye cruel world! 
SaddenedAgainMessage #2868 - 10/19/10 09:16 PMPoliticians merely need to take a simple economics class. Here's the class, Economics 101: Businesses will fold or move out when real estate is expensive and when taxes are complicated and excessive. Slavery is created when legislation allows excessive debt (like 50 year home loans). Loans create inflation, such as the inflation of real estate. Also, most people can't sustain their health or jobs long enough to pay off loans greater than 15 years. If legislatures had this education, then they would have a chance of re-engineering the economic policies that will save our country.
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