Dow Drops Below 7000: Change You Can Believe In

Dow Below 7000: http://tinyurl.com/agqxvf

Global New Deal: http://tinyurl.com/b9gcb7

Hugo Chavez Famine: http://tinyurl.com/c38lrr

Urban Czar Scandal: http://tinyurl.com/bv9wzt

EPA Dust: http://tinyurl.com/ddye6j

Global Warming Snow: http://tinyurl.com/aay8jz

Obama Polls: http://tinyurl.com/5krqjz

Make Money: http://tinyurl.com/dybjdj

Category:

News & Politics

Tags:

• Dow
• Jones
• Drops
• Below
• 7000
• Barack
• Obama
• news
• commentary
• analysis
• discussion
• video log
• vlog
• talking
• interview

[ozpowermo]

DAMN!

DJI is now 9,995.91

Change you can believe in!

[monkeywolf]

@exbronco1980 and apparently people don't understand that news changes constantly and at the time of this recording OVER A YEAR AGO the DOW was below 7000. People really are stupid.

[ozpowermo]

@AUSM92

Correct, I'm looking at the long term value of the dollar. Short term drops in the dollar value may not be pleasant, but it's the long term that we should really be concerned about. What is this country going to look like if it continues to export manufacturing? The answer is pretty obvious: the value of the dollar and the living standard is also going to decline...

[ozpowermo]

@AUSM92

There may be a short term drop in the USD due to QE1, but there is a FUNDAMENTAL reason why the value of the dollar has been steadily declining over the past 20-25 years and that is manufacturing. Actually the USD value would be even lower if China stops keeping the Yuan value artificially low and the USD high (by stock-piling USD to keep the USD supply low and demand high). If China allows the dollar to drop to its actual value, then it will lose a lot of manufacturing opportunities.

[ozpowermo]

@AUSM92

I don't know what makes you think I'm interested in union jobs... I'm a software developer and my sector is not particularly susceptible to export (mostly because it's hard to export domain knowledge). Only 27% of Americans actually hold a college degree, but the other 73% are not going to be very productive unless they have a bolt-tightening job of some sort. So where is the value going to come from when 73% of the people depend on manufacturing? That's not something the Fed can "fix"

[ozpowermo]

@AUSM92

There is no production in the US, the dollar value would be low even if there wasn't a recession. As long as we keep shipping the manufacturing outside the US, the dollar will never gain it's value...

[grossnesstudeos]

Just to let you know, you contradicted yourself at 4:12 and 4:15

you implied that it is a fact that the economy was Bush's fault, and then you said that Bush had nothing to do with it. But then again, this was a little bit more than one and a half years ago...

[exbronco1980]

@monkeywolf the point is, some things are improving under Obama.

[exbronco1980]

yeah, and on december 14, 2010, the dow is 11,477.

[vetttech1999]

Im a mechanic and i make far more than you do dipshit and have for years

[smeelasmeez123]

cuz of all the czars in the soviet union? lol 2:19