Posted on 07/12/2016 9:26:25 AM PDT by Academiadotorg
Worse than 2008-2016?
” When you see snow accumulating on the mountainside, you know an avalanche is inevitable.”
Spring comes, melts the snow and no avalanche. Nature has its own way to kick the can down the road.
Worse than 2008-2016?
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Everything is going to be worse if Hillary is elected.
The Chinese banking crisis may preceded it, but the whole world economic health is a house of cards, about to collapse according to Schiff and a lot of others. Socialism has brought us to this point. And the answer will not be more socialism, other than from the tyrants.
When it does collapse it may happen very fast.
The Federal Reserve keeps interest rates low for just one reason - the federal government is massively in debt.
The economy overall is actually booming - the stock market is at a record high.
It’s just that the government has favored some people and not others - Obamacare is an example of that.
Now Obama is trying to favor other people with $15/hour wage goals.
However, people relying on savings are being shortchanged by the government. They are getting ~1% interest in the face of the average ~5% inflation of the Obama administration.
The people living off savings being hurt by the Federal Reserve include tens of millions of people, including me. I have less than $1 in readily available funds. A CD will mature tomorrow. I have lived on about $125/month for the last two months.
If government “helps” nearly everybody, it actually helps nearly nobody, it just distorts the economy haphazardly - great for Wall Street speculators, but bad for most other people.
“Everything is going to be worse if Hillary is elected.”
Well, that’s true.
Already happened in 2008-2009.
That doesn’t mean it can’t get worse.
You've been watching the news and think Spring is coming?
Man, I need to start watching YOUR channels!
G. Edward Griffin says the misery can be prolonged indefinately without a doom crash.
you are absolutely correct about the index funds angle.
S&P and Nasdaq.
they are giving better % returns than most of the active managed funds I am in. Over the long haul, of course.
that said, I still like to play with some active managed funds......just because it satiates my desire to day-trade...
I am NOT smarter than the market....none of us are. Thus......index funds.
About a year after the 2008 crash where we pumped trillions and came up with QE1,2,3+++, a business associate told me the US can do this indefinitely. American dollars are now the crack cocaine that every other nation can not do without. None of them will stop.
Look at how an insignificant rise in interest rates by the fed slowed the stock market. You would have thought someone was offering 6% bonds or something.
Look at how an insignificant rise in interest rates by the fed slowed the stock market. You would have thought someone was offering 6% bonds or something.
Years ago someone said we need to quit paying taxes so as to "defund" the beast. I told him "Silly Rabbit, the beast doesn't run on real money any more."
And it doesn't.
It is now a giant "virtual reality" money scheme that will evaporate as soon as enough people recognize that the money no longer has any real value.
Peter schiff is now a part of www.goldmoney.com . He seems to have changed his mind regarding the company as in the past he was against it. Has anyone tried that?
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