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| Topic: USA 2008: The Great Depression | |
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ty ty ty starsailor for posting the links you cited
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The main cause of economic decline is FEAR of economic decline.
~My 2 cents |
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The main cause of economic decline is FEAR of economic decline. ~My 2 cents the only thing you have to fear is fear itself...i believe is Roosevelt's quote |
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I was generalizing...in a nutshell...what should we do when the markets are down? BUY! Strike when the iron is hot, towards a cheap investment that will pay off later. Not sell, sell, sell....thats whats dropping the market....panic. Economic depression doesn't happen over night (even if we really really try to make it happen)
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I was generalizing...in a nutshell...what should we do when the markets are down? BUY! Strike when the iron is hot, towards a cheap investment that will pay off later. Not sell, sell, sell....thats whats dropping the market....panic. Economic depression doesn't happen over night (even if we really really try to make it happen) Absolutely excellent!  Lindyy (Oh Urs Buhler of Il Divo is filling in for me tonight) |
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I was generalizing...in a nutshell...what should we do when the markets are down? BUY! Strike when the iron is hot, towards a cheap investment that will pay off later. Not sell, sell, sell....thats whats dropping the market....panic. Economic depression doesn't happen over night (even if we really really try to make it happen) Absolutely excellent! Lindyy (Oh Urs Buhler of Il Divo is filling in for me tonight) Unfortunately, there are too many speculators out there, and that's what screws up the market. That's a nice picture of your son, Lindyy. Nice tribute. |
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I was generalizing...in a nutshell...what should we do when the markets are down? BUY! Strike when the iron is hot, towards a cheap investment that will pay off later. Not sell, sell, sell....thats whats dropping the market....panic. Economic depression doesn't happen over night (even if we really really try to make it happen) Absolutely excellent! Lindyy (Oh Urs Buhler of Il Divo is filling in for me tonight) Unfortunately, there are too many speculators out there, and that's what screws up the market. That's a nice picture of your son, Lindyy. Nice tribute. mnhiker: You silly goof. That is not my son, although I would love for it to be, he is quite rich - Urs Toni Buhler of Il Divo, the one from Switzerland. Just a change. I got a 'nasty gram' from foreverfifty at my e-mail bashing President Bush (what a fool) SO thought maybe the ladies would enjoy Urs tonight. Yes, lots of speculations, but they always did say buy LOW, sell High. Now, which is being bearish and which is being bullish? I get confused, do you know mnhiker? Maybe that is why my Roth IRA is not doing too great? Lindyy
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Hallucinations nor imagination drives the market
 
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Edited by
mnhiker
on
Thu 04/03/08 05:01 PM
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I was generalizing...in a nutshell...what should we do when the markets are down? BUY! Strike when the iron is hot, towards a cheap investment that will pay off later. Not sell, sell, sell....thats whats dropping the market....panic. Economic depression doesn't happen over night (even if we really really try to make it happen) Absolutely excellent! Lindyy (Oh Urs Buhler of Il Divo is filling in for me tonight) Unfortunately, there are too many speculators out there, and that's what screws up the market. That's a nice picture of your son, Lindyy. Nice tribute. mnhiker: You silly goof. That is not my son, although I would love for it to be, he is quite rich - Urs Toni Buhler of Il Divo, the one from Switzerland. Just a change. I got a 'nasty gram' from foreverfifty at my e-mail bashing President Bush (what a fool) SO thought maybe the ladies would enjoy Urs tonight. Yes, lots of speculations, but they always did say buy LOW, sell High. Now, which is being bearish and which is being bullish? I get confused, do you know mnhiker? Maybe that is why my Roth IRA is not doing too great? Lindyy Sorry Lindyy. My bad. You had a post not too long ago as tribute to your son and I thought that was him. But seriously. I get confused too. All I know is that a bear market is one that's not doing to great and a bull market is one that is. Maybe it's time to think about restructuring your Roth IRA. Talk with your banker or whomever it is who handles that. 
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Unfortunately, there are too many speculators out there, and that's what screws up the market. BINGO!! We have a winner!! Apply to housing market, and you now have a big frothy bubble. |
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The main cause of economic decline is FEAR of economic decline. ~My 2 cents I agree. The foreclosures things scared too many businesses into being conservative. I also agree with the opinions that while there are a lot of Americans who are on food stamps...I wonder how many of them own a laptop, have cable TV, a broadband connection, digital camera, and even go out on the weekend? Not saying all Americans on welfare are lazy, but there are those now who use the system. People who get paid cash and then claim they are unemployed or underemployed. Even the housing thing. Who told someone making $30K a year that they could afford a $500,000 home with no money down? Even I wasn't that stupid. I bought a condo I could afford with a down payment I saved up and didn't accept anything other than a 30-year fixed mortgage. Only downer for me right now are these politicians who want to jack up the sales and property taxes...as well as the costs of gas. But it just means that maybe going out to dinner will become cooking dinner at my condo. It means I don't spend $50+ a month on cable TV (although I never got cable to begin with). It means I buy clothing at the inexpensive stores as opposed to Michigan Avenue. It means I shop at discount grocery stores and not spend money on luxury foods...just the essentials. It also means I don't run up my credit cards. I use them to pay for gas and food and such, but pay them off at the end of the month. I earn miles for my spending, but I am not sitting on bad debt. FINALLY...I'm also being smarter with my money. I'm currently working on saving up 6 months of expenses. 6 months of mortgage payments, food, communications, assessments, electricity, etc. That's going to go into a Mutual Fund or Money Market account...so if I were to lose my job (hopefully when I finish saving up that amount), I can pay my bills for 6 months while trying to find a new job. Once the saving is done then I max out my 401K and invest in some blue chip funds. The basic goal is to secure my life...not fill it with shiny objects. Even when I buy a shiny object, it's still at a deal. My car isn't expensive or flashy. My clothes are not big name labels. I don't even buy top of the line electronics. I have two used TUBE televisions in my place. No HDTVs. I don't own an Xbox360 or PS3. I have hobbies and interests, but I don't run out buying shiny objects on the idea of being a big-shot spender. Seen too many of my peers now in thousands of dollars in debts from living a lifestyle they couldn't afford. That's just it...people back in the 30s were truly in trouble because there were no laws in place to protect their savings...no FDIC. They couldn't afford to live. Here today, people need to keep to the basics (food and shelter) and live realistically when times get tough. Ok...I'm done. Sorry to have rambled. |
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Edited by
Fanta46
on
Fri 04/04/08 04:03 AM
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Greed, and the lure of keeping up with the Joneses is the cause!
The greed of those with the ability to lend money! The idea that they could get richer faster, and then retire to their Yachts and million dollar vacation homes, before the damage their individual selfish needs would cause to the economy later on. (Now!!) This greed caused them to take advantage of every loop-hole in the system, including eliminating protections to the economy that were put into place during the depression. All in the name of getting rich quick. (Hard work, and patience unnecessary) They will be living the high-life while everyone else has to fix the mess, and pay the costs! Those trying to keep up with the Joneses, They took out credit cards with high interest rates attached and home loans with adjustable interest rates! Without the ability to pay it all back, the glitter of the bling blinding them to reality! All the while, praising the Clinton's for making their immediate lives better! (Does anyone remember Whitewater, and the home-loan scandals) who bailed that mess out? !!!Tax-payers!!! In the mean-time, the Clinton's were enacting legislation (NAFTA) that would make it possible for companies to outsource their jobs!. Often the Joneses and Smiths borrowed more just to pay the bills they already couldn't afford! Now they are forced to find the jobs to pay back their bling, in a service based economy that buys more from other countries than it has to sale. This has created a Trade-deficit which has weakened the dollar to the value of dirt! "The main cause of economic decline is FEAR of economic decline. ~My 2 cents " The Fear is real!  Go ahead and invest your life savings in the market. Let the greed drive you blindly into bankruptcy as the companies you give it to file chapter 11 one by one over the next 10 years. (I remember the 70's) |
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the cause of our economic decline originates in 1913 with the Federal Reserve Act when we first had a part of our Constitution changed..and the BIGGEST change possible..the Constitution states that congress should have the sole authority to print and regulate our nation's currency..and what did woodrow wilson's act doooo, it gave up this great power of controlling our nations money over to a PRIVATE entity!..international BANKERS...most of whom weren't even from AMERICA! and as one of them, Mayor Rothschild put it "give me control of a nations' currency, and i care not who makes it's laws." this was a very powerful change in our countries history..perhaps the most powerful..and in the long run NOT for the better! sure it was sold to the people back then as giving us a more "elastic" currency that could facilitate better trading..but it's clear now that the international bankers' globalist wishes have every country dangling from money-pulated strings..acting in their one world government play.
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 speak up, or drink up..live or die slowly |
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the cause of our economic decline originates in 1913 with the Federal Reserve Act when we first had a part of our Constitution changed..and the BIGGEST change possible..the Constitution states that congress should have the sole authority to print and regulate our nation's currency..and what did woodrow wilson's act doooo, it gave up this great power of controlling our nations money over to a PRIVATE entity!..international BANKERS...most of whom weren't even from AMERICA! and as one of them, Mayor Rothschild put it "give me control of a nations' currency, and i care not who makes it's laws." this was a very powerful change in our countries history..perhaps the most powerful..and in the long run NOT for the better! sure it was sold to the people back then as giving us a more "elastic" currency that could facilitate better trading..but it's clear now that the international bankers' globalist wishes have every country dangling from money-pulated strings..acting in their one world government play. Hey! Stop coming in here with facts and ruining everyone's day!
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well national city bank (cleveland area) is looking for a buyer because they are short cash
fifth third is a potential buyer but will not comment national city has said they have had to many defaults on loans bad business and giving money that should not be given they are not showing a loss yet but dividend payout is estimated at five cents and 5 years ago they bought a well established in the black bank system over 150 years in the area interesting --------------------- sounds like economic decline to me --------------------- was a front page story in yesterdays plain dealer ------ the bank they bought was the bank i used to use left it after ncb took it over |
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the cause of our economic decline originates in 1913 with the Federal Reserve Act when we first had a part of our Constitution changed..and the BIGGEST change possible..the Constitution states that congress should have the sole authority to print and regulate our nation's currency..and what did woodrow wilson's act doooo, it gave up this great power of controlling our nations money over to a PRIVATE entity!..international BANKERS...most of whom weren't even from AMERICA! and as one of them, Mayor Rothschild put it "give me control of a nations' currency, and i care not who makes it's laws." this was a very powerful change in our countries history..perhaps the most powerful..and in the long run NOT for the better! sure it was sold to the people back then as giving us a more "elastic" currency that could facilitate better trading..but it's clear now that the international bankers' globalist wishes have every country dangling from money-pulated strings..acting in their one world government play. Hey! Stop coming in here with facts and ruining everyone's day! lol isn't it funny that's the way we used to feel about bringin these things up..people felt secure with the world and uncertain about conspiracies..now the world is uncertain and the truth about history is our only security 
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the cause of our economic decline originates in 1913 with the Federal Reserve Act when we first had a part of our Constitution changed..and the BIGGEST change possible..the Constitution states that congress should have the sole authority to print and regulate our nation's currency..and what did woodrow wilson's act doooo, it gave up this great power of controlling our nations money over to a PRIVATE entity!..international BANKERS...most of whom weren't even from AMERICA! and as one of them, Mayor Rothschild put it "give me control of a nations' currency, and i care not who makes it's laws." this was a very powerful change in our countries history..perhaps the most powerful..and in the long run NOT for the better! sure it was sold to the people back then as giving us a more "elastic" currency that could facilitate better trading..but it's clear now that the international bankers' globalist wishes have every country dangling from money-pulated strings..acting in their one world government play. Hey! Stop coming in here with facts and ruining everyone's day! lol isn't it funny that's the way we used to feel about bringin these things up..people felt secure with the world and uncertain about conspiracies..now the world is uncertain and the truth about history is our only security Agreed! People say ignorance is bliss, and while that may be for some, I take great comfort in the truth, no matter how horrible it may be. At least I'll be ready with my guns while everyone else is running around like chickens with their heads cut off.
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Wrong but nice try though  The cards cover all status of legal immigrants and it was the legal permanent status immigrants I was referring to. The others cannot have foodstamps at all ever. Ok. I stand corrected on that. Now let's take a look at naturalized shall we? 1996 1,044,689 1997 598,225 1998 463,060 1999 839,944 2000 888,788 2001 608,205 2002 573,708 2003 463,204 2004 537,151 2005 604,280 2006 702,589 source : http://www.dhs.gov/xlibrary/assets/statistics/yearbook/2006/OIS_2006_Yearbook.pdf So let's say for the sake of argument that 1% of those totals were applying for and getting benefits each year. Would that or would that not add up to a whole lotta money and increase the number of benefits being paid out on the food stamps program? Or are you going to assert now that every single one of them would be gainfully employed and have no need to apply for benefits? And then there's benefits being paid to children of illegal immigrants. excused me but i am naturalized so what is your point ?I have lived here 43 of my 45 yrs and I'm just as much of a citizen as you.We are citizens period. |
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A recession caused by dumb people spending more than they had. That's what brought this about. Economists knew this was coming, the '80s and '90s took us from a people who save, to a people who spend excessively, so much so we spend what we don't have. Well, that's what the dumb people did. No, the recession was not brought on by lack of productivity, failure of business, lack of resources, or a lack of jobs, or high unemployment, we brought ourselves down because idiots thought they had a no limit gift card until the bill came in the mail. Idiots. How can you honestly let yourself get to a $10,000, $20,000, $30,000 or higher credit debt? I can't even fathom getting a $100 credit debt that I didn't pay off at the end of the month. Idiots. We shot ourselves in the foot. With all the great advantages, possibilities this country has given us, idiots are going to collapse us because they were stupid and credit companies, and lending institutions were too stupid to actually believe they would ever get their money back. Idiots, they weren't CONSERVATIVE with their money and now look where we are. Lindyy says: I have to tell all of you this story. My sister-in-law kept her credit card at a $5,000 balance! She would make a payment and go charge again!!  THEN, she calls me and tells me that her credit card company raised her interest rate because she never brought her balance down, and says "Can they do this?" "YES stupid sister-in-law. They are losing money on you because you keep your balance so high and they have to keep paying your charges. It is their card, if you do not like what they did, CUT UP YOUR CARD IDIOT!" She was not too happy with me  Lindyy |
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