The truth about the market rally

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[salamonetalton]

the sysyem is set up to fail not to succeed.there was nothing wrong with the old gold and silver standard.the elite destroyed it in 1913 with the federal reserve bank.its only going to get worse. look at what obama is borrowing.china is our new boss.

[twist4010]

@salamonetalton i agree, we need to destroy the federal reserve! it's a artificial way of creating inflation...

[titan13131]

@Jcolinsol The US needs to start living within it's means because that is the only sustainable path. But living within its means, means living in virtual poverty because the they hardly produce anything any more. The solution is to start producing again. Remember, that's how the UK became very wealthy, at one time they were the workshop of the world, it's how America became wealth after WWII and it is how China is becoming wealthy now. For this to happen gov. needs to get out the way.

[titan13131]

@Jcolinsol it really is simple though. The USA has been importing much more than they have been producing i.e. living beyond their means, for a long time. This loss of wealth has been somewhat hidden from view by a massive increase in debt, thus keeping living standards high when really they should have been declining. When creditor nations stop lending the US money (cuz they no longer have the means to pay it back) living standards are going to drop dramatically. continued...

[Jcolinsol]

@TWSceptic

That may be so, but it also may not be. I'm undecided as to which economic school is right. Probably neither.

You see, we don't have a free-market, we have a melange of different economic philosophies all operating in part, and at once. The system is really part keynesian, part capitalism, part pure corporate greed, and part old-boys club. Not one of the prevailing philosophies takes that into account, and so it is doubtful that any of them have a practical solution.

[TWSceptic]

@Jcolinsol Well the situation is complex, the problem however isn't. The problem is debt. That's not complex, that's simple. Either you decrease it or increase it. Either you stop spending en start saving, or keep spending and don't save.

Sure the government would like you to believe it's very complex and they need to interfere and take your money to solve the problems. The reality is that they can't change a thing. The only thing they can do is waste tax payers money. And that's all they do.

[Jcolinsol]

@TWSceptic

Simplicity is precisely the problem. Anyone who thinks that they have a simple solution to an irreducibly complex situation, is probably deluding themselves.

Particularly when the philosophy that is the basis of their understanding is based on a praxeology that is too simplistic to be applicable in the real world.

[TWSceptic]

@Jcolinsol What complex problem? The problem is simple, the solution is simple. The only thing that makes it complex is the government who stands in the way of the free market. And it isn't about feeling superior, it's about informing people about bad policy. If you want to see the fed as an enemy group that's fine, because they are. Their ideas and practices will destroy the US.

[rusirious13]

@thegreatone258 Good thing you put that money in Apple and not Enron.

[binkiie4dictator]

its alright everyone whining and moaning about the thieving fuckwits on wall-street. But seriously! what is gonna get done about it? fuck all. As soon as people stand up, rubber bullets are fired and everyone runs away. yet, people in the middle east and elsewhere charge at police who shoot LIVE rounds at them. Its time the west stopped being so "whoa is me", grow some balls, march on the white house and demand justice. If we cant do that then bend over and prepare the lube

[StanwoodSpartans]

schiff you will probably end up being Ron Pauls secratary of tresurary if he comes prez.

[Jcolinsol]

I know I always trust people who have simple answers to complex problems and an easily identifiable enemy group for me to feel superior to.