Robbie Loucks
Well-known member
- Joined
- Jan 18, 2014
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What? That's not the Communist Manifesto.Sure you do....Here I'll give you a link....
Rules for Radicals: Saul Alinsky: 9780679721130: Amazon.com: Books
My argument is that if you are going to present information, present it in an honest manner, explain the information and what it probably meansI've already said that I understand that...And further, I have said that even if you take the numbers out of it, the trend itself is astonishing, and although the market is much larger today than in 1930, it still would not be a good thing to see that sort of drop now would it?
You whole argument is that we won't suffer as much because the market is so much bigger, but I say that even a drop like that today would still hurt, and many would suffer...But I understand real people don't matter when dismissing bad news these days.
A crash is plausible, hopefully we would have people smart enough to slowly stop the bad cash injections to force a gradual correction but the closer we get to elections the less likely that scenario becomes. I would rather we back off of the constant QE programs and get back to actual value before it comes to a crash scenario. The big issue with printing is at some point the presses will stop, whether that is because the value of currency is so inflated that it can no longer sustain viability in the market, OR because inflation is so bad that people are taking a wheelbarrow full of money to buy a loaf of bread and demand that the presses stop(but at that point it's nearly impossible to bring the value back).
A crash is plausible, hopefully we would have people smart enough to slowly stop the bad cash injections to force a gradual correction but the closer we get to elections the less likely that scenario becomes. I would rather we back off of the constant QE programs and get back to actual value before it comes to a crash scenario. The big issue with printing is at some point the presses will stop, whether that is because the value of currency is so inflated that it can no longer sustain viability in the market, OR because inflation is so bad that people are taking a wheelbarrow full of money to buy a loaf of bread and demand that the presses stop(but at that point it's nearly impossible to bring the value back).
The gains at that time were based upon unbacked margin used to purchase stocks which resulted in widespread panic and a large correction that lasted till WWII. The current "boom" is based upon inflated dollars being pumped into the market which is basically just government issued "margin" in the form of "stimulus". If they keep on this track a reset will take a long time to correct values and will be painful. In both cases, the market was inflated by dollars that just weren't there.
Do you assume market manipulation to be capitalism? That would be the first mistake, corporatism is the bastard stepchild of economics, it engages in power plays, deception, and market manipulation to get the desired numbers. This involves politicians, dumb laws to eliminate competition by pricing them out of the market(or at least limiting their growth), favorable laws to insure that a financial channel remains open to a power player(like Buffet fighting the oil pipeline because his trains move a lot of oil at a premium). Capitalism depends on two things, the "free hand" which requires consumers and suppliers to trade unmolested by outside forces, the other thing it requires is an ethical exchange neither of the two can happen in a manipulated market(i.e. overregulation, overtaxed, money manipulation, fraud).The way to fix that is simple.
TAKE CONTROL AWAY FROM PURE CAPITALIST AND PUT IT IN THE HANDS OF THE PEOPLE!
It's not so simple, buying bonds funds the very mechanism that allows corporatism to flourish. Buying bonds directly pays into the programs that the bonds are tied to, so if one doesn't like fiat currency already then they are funding it with T-bills, if one doesn't like social programs then they would be funding it with. Bonds, like stocks, are funding mechanisms and the government is even less accountable at this time than corporations, no thank you but I would rather starve the beast.Buy bonds. If you're as much of a patriot you claim you are (not speaking to you directly, but to everyone in general), they start taking on some of our nation's sovereign debt. I hear so many people complain about how foreign investors like China are buy our debt, how commercial banks and the auto industry both got their bailouts and how QE is hurting investor confidence. If people - hard working, middle-class Americans were smart - they'd recognize that money is power and if the 99% started investing in this country by purchasing its commercial paper, eventually the politicians wouldn't play so lose with our nation's creditworthiness, the FedResv wouldn't keep the interest rate on bond so artificially low (though I understand why that's happening and why a slow up-tic is required) and WE, THE PEOPLE would feel like we have a voice because we'd have more "skin in the game".
Again, and this is the problem, as long as they can fund expansion they will expand. The more they expand the more stupidity they are capable of. As much as I hate to say this we are on this course until either we get a very good representation or the fiat system crashes.Buy Treasure bonds and force Congress and Corporate America to listen to your voices. I know the rates are low now, but they can't stay that way for much longer. I already have my financial plan set to go into effect by March.
Do you assume market manipulation to be capitalism? That would be the first mistake, corporatism is the bastard stepchild of economics, it engages in power plays, deception, and market manipulation to get the desired numbers. This involves politicians, dumb laws to eliminate competition by pricing them out of the market(or at least limiting their growth), favorable laws to insure that a financial channel remains open to a power player(like Buffet fighting the oil pipeline because his trains move a lot of oil at a premium). Capitalism depends on two things, the "free hand" which requires consumers and suppliers to trade unmolested by outside forces, the other thing it requires is an ethical exchange neither of the two can happen in a manipulated market(i.e. overregulation, overtaxed, money manipulation, fraud).
It's not so simple, buying bonds funds the very mechanism that allows corporatism to flourish. Buying bonds directly pays into the programs that the bonds are tied to, so if one doesn't like fiat currency already then they are funding it with T-bills, if one doesn't like social programs then they would be funding it with. Bonds, like stocks, are funding mechanisms and the government is even less accountable at this time than corporations, no thank you but I would rather starve the beast.
Again, and this is the problem, as long as they can fund expansion they will expand. The more they expand the more stupidity they are capable of. As much as I hate to say this we are on this course until either we get a very good representation or the fiat system crashes.
I don't advocate for a global monetary standard, trust me. What we need is an appropriate valuation of our own currency, that is going to be very difficult but at some point it will be a necessity.if the entire world converted to one currency, the economic effects would probably be disastrous.
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