How is today any different than it was in 1929, what has changed. I don't see that anything has. http://www.bullinvestors.com/Stock_Market_History.htm It's this part that scares me: Our society and government seem to revolve around the market, what no one tells you is it can't grow for ever always upward. Is this what we have to look forward to? Are you prepared?
People are so spoiled today! We've had a great market for 25 years. We're going through some difficulty - and everyone is ready to jump off bridges. We're are going to be fine. The market is adjusting. We are far far more fortunate than many people in the world. If the market simply went up and up and never corrected - our kids would never be able to buy anything.
Maybe a crash would be a good thing? People might start to value more than just material goods and money. Getting by might be difficult, but don't we learn from that?
I don't think we've learned anything, or we wouldn't be undergoing a new financial market mess due to the Bush family. We know why oil is so high and gasoline and energy prices are inflated... the 3 loopholes but our congress isn't willing to do anything about. Try asking Obama and McCain about them? One of them was taught us by Enron, you'd would think we would have closed that one up. http://www.marketwatch.com/news/sto...1F5-476A-9429-721AB4C20087}&dist=TNMostMailed http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10512612 We wonder why mortgage lenders are failing when they haven't even followed simple good business practices such as verifying employment or income? We've leaned little or nothing as consumers, speculators and business's have learned how to exploit the system and receive governmental bailouts. Something I don't think we should be proud of.
http://www.associatedcontent.com/ar...hole_an_orgy_of_speculation.html?page=3&cat=3 (I added the bolding and emphasis.) Much as Bush and Cheney stood by while the elderly and poor died because of Enron and said California would have to fix the mess, while manipulating a special election to get Arnold elected, they and their friends are getting richer by allowing the same practices to take place today in an even wider market. But Goldman Sachs got a 3 billion dollar bailout. While we watch our prices rise they get richer, and the Saudi's get nuclear capabilities. http://www.msnbc.msn.com/id/20246355/ Morgan Stanley got their bailout from China: http://business.timesonline.co.uk/t...ectors/banking_and_finance/article3076045.ece Who's bailing out the American workers? Who even cares about them?
Beware citizens if we allow carbon offset trading we won't be saving the polar bears we will be setting up another market where some will become very rich and others will be charged for every breath they breathe. The market is not the solution to everything, in fact the only ones it serves are those that already have money and have the protections to play it with impunity. I think it's time to reign the beast in and make it work for those of us that work! We should be less interested in constantly growing the economy and more interested in monitoring it and making it accountable. You want a global economy, then insure that it benefits all who make it possible.
The "market" is nothing but a back alley crap game with other people's money. Stay away from it. If there's a heart of "the beast", this is it. x
Can you afford to wait 30 years for a full adjustment? Sorry but most of us don't have safe holdings in Dubai. Some of us are already retired and counting on that income. Some of us can't afford to invest in the market, but our retirement/401k funds are, and are now at risk. How are we more fortunate than many people in the world? Maybe you never lost any money during the Savings and Loan scandal, Enron/WorldCom. We were promised this wouldn't happen again. http://www.ahealedplanet.net/savings.htm The one real truth about the market is that it benefits those that don't truly labor. Why should all societies buy into the belief that it will support anything but it's own motives.
