since I'm first make it two.

Frontline did a show after the crash of 2001.
The hosts of these shows were interviewed, and they took no responsibility for "pumping" up the market.
In fact, one said that people who took the advice of these shows were gullible and should lose their money for being so naive. Basically, that's what you get for being an amateur. He was practically laughing when he said it.

This may actually be more like what we may be facing.

http://www.informationclearinghouse.info/article18777.htm

Plain and simple...if you want to preserve any of your wealth, you better get some gold/silver/palladium before it's too late!

L.A. Confidential @ 6:

This may actually be more like what we may be facing.

http://www.informationclearinghouse.info/article18777.htm

"Anything below 12,500 could trigger program-trading and crash the market. The increased volatility suggests that we are watching a "real time" meltdown."

11/26/07
DOW JONES INDUSTRIAL AVERAGE IN (^DJI) At 4:05PM ET: 12,743.44 Down 237.44 (1.83%)

L.A. Confidential @ 6:

This may actually be more like what we may be facing.

http://www.informationclearinghouse.info/article18777.htm

i go with you on this. the phony supports bushco has masked the real problems here at home just may surface before he steals away w/cheney to dubai.

Long-term, the U.S. is the best deal.

The world is headed for the toilet. Thanks GWB, Bill C., and China.

Long-term, the U.S. will be the best place to be.

Talking in terms of survival. Land, water, air, resources.

Not how I'd like the U.S. to be. But better than the alternatives.

If you really want to do well with money, look no further than Warren Buffett. :p

He recommends a few good books, always worth picking up.

Most people in the market make irrational decisions. Don't be one of those people, and you will come out ahead.

dadams @ 12:

L.A. Confidential @ 6:

This may actually be more like what we may be facing.

http://www.informationclearinghouse.info/article18777.htm

i go with you on this. the phony supports bushco has masked the real problems here at home just may surface before he steals away w/cheney to dubai.

It's getting ugly. My wife and I have managed to stay one step ahead and a little in the green with our humble "little persons investment portfolio" the past 7 years but since this sub prime debacle last quarter we just saw a $5000 loss. Thats ONE QUARTER.

rich @ 8:

Plain and simple...if you want to preserve any of your wealth, you better get some gold/silver/palladium before it's too late!

Sig... you can't eat precious metals. Commodities are an easier bet... far more liquid and easy to move.

The American dollar is worth about 1/4 less in South East Asia now than it was just a few months ago. People don't want American dollars anymore. When I use an ATM over here it makes me feel like I had just better eat street food and stay out of restaurants.
My property in the US is still for sale because there are so many homes for sale in that area because of Adjustable loans going high and people going bankrupt.

What a fucking nightmare GWB has made for the whole world.

The game had to come to an end sooner or later. The problem confronted is simple. Kenysian economics, the grand experiment doesn't work. You can't inflate yourself out of debt by printing more money as the more you do it, the less that money is worth.
When the Federal Reserve was created in 1913, President Wilson knew he sealed the dollars fate and the final nail in the economic coffin was hammered in by Nixon when in 1971 he officially broke the link between the dollar and gold.
While it was a great scheme way back then in lending out more money than a bank had the gold reserves to back these loans, the poison pill was set to go off years later as in now. Today there are over 400 trillion in derivitives that literally have no value. In normal times, investements were marked to market and today, the wiz kids on Wall Street have marked their investments to model, which is a hypothetical value and has jack squat to do with the real world. That is why banks have seen their credit lines evaporate and why governments are trying to bail them out with your tax dollars. This bail out too will fail as all governments are doing is printing new money that is worth even less. All we're doing is giving the addict another fix.
The only salvation for the worlds governments is going back to a precious metals standard and the sooner the better. If this option is not brought about and soon, you will see a world wide crash. At best, you are witnessing a finacial train wreck in slow motion and the powers to be can't stop it unless they bring back a sound monetary system backed by the only real money mankind has known for over five thousand years.

George @ 16:

If you really want to do well with money, look no further than Warren Buffett. :p

He recommends a few good books, always worth picking up.

Most people in the market make irrational decisions. Don't be one of those people, and you will come out ahead.

98% of the average persons in this country will get eaten alive and spit out if they invest right now. Regardless of who's advise they take. If people think they are going to be as experienced and skilled at playing the markets as Buffett in a week by reading a book they are nuts. Let alone going up against the pros and institutional investors. Thats instant destitution.

loan me a canadian buck

we are all fucked

rich @ 8:

Plain and simple...if you want to preserve any of your wealth, you better get some gold/silver/palladium before it's too late!

Doesn't matter. Metals have been tanking in value also. Gold and Silver continued the downward trend today.

Pall didn't move. Plat went up just a little. Doubt that will last.

I dunno.....I'm thinkin buyin some Pesos......I realise they too will probably take a huge hit....but at least I can get out of the country with them.

they make sure to tell you that no matter where the stock market is, if a Democratic candidate wins the presidency—it’ll be much worse.

Isn't that what they said in 1992?

dadams at 19

just called it as I see it

no offense meant

and not a gooper

Bush touts economy, then it tanks...another POS stain on the 'bush legacy'
http://finance.yahoo.com/q?s=%5EDJI

If OPEC turns away from the dollar......that's a big one

if you think it's bad now....wait.....

inverted bond yield curve
inflation
gold at all time high
oil at all time high
american currency all time low
massive national debt
massive budget deficits
massive current account deficit
spending billions on illicit invasion, occupation and torture
housing crises
mortgage crises

the list is too long.....i am wonder just where the silver lining is in all of this? and who's the idiot believing in it? i don't think the retail sales numbers are going to be so hot in january

Is this why Lexus is telling us to buy a new car this Xmas?

Andrew @ 44:

L.A. Confidential @ 29:

rich @ 8:

Plain and simple...if you want to preserve any of your wealth, you better get some gold/silver/palladium before it's too late!

Doesn't matter. Metals have been tanking in value also. Gold and Silver continued the downward trend today.

Pall didn't move. Plat went up just a little. Doubt that will last.

That's the dumbest thing I've ever heard. you can't determine the movement of any market looking at the action of one day. try pulling up a chart of gold over the last year, or five years. We are have been in a long term bull market in all commodities for the last five years, but gold my friend is less a commodity but more real money. The last three generations have been brain washed into believing that gold is just something to wear aroundy our neck or finger. Gold is a hard money asset and is no one else liability. You buy it, you own it. Paper dollars are nothing but worthless I.O.U.'s and Congress knew it when they passed the legal tender laws.

WELL SAID!

So Larry Kudlow remarked last week on his CNBC show that anyone who isn't optimistic about America's economy must be "unpatriotic." It was a stunning remark, but it was seemingly a means of warning his guests who may be based in reality to check their pessimism at the door when they come on his show.

L.A. Confidential @ 25:

98% of the average persons in this country will get eaten alive and spit out if they invest right now. Regardless of who's advise they take. If people think they are going to be as experienced and skilled at playing the markets as Buffett in a week by reading a book they are nuts. Let alone going up against the pros and institutional investors. Thats instant destitution.

This is not actually true. Institutional investors are severely hampered by their size: there are a large number of investments they simply cannot make because to do so with enough dollars to matter to them would drastically affect the price of the thing they are investing in. They could try to make thousands of investments, each on their own minuscule, in an attempt to get a good aggregate result, but it's a lot harder to make a thousand good decisions than a dozen.

Individual investors do not have this problem. They can invest in much smaller companies, particularly ones that are not followed by analysts, where with a little work, they can get a good information advantage. You'd be amazed how many people are not willing to read an annual report. This, and not the size of your portfolio, is probably a much better indicator of your success as an investor.

Investors not willing to do the work can still invest in index funds fairly safely. Even during the Great Depression, when the overall market lost a large fraction of its value, if you had regularly invested money over the entire period, you'd have showed a profit at the end, thanks to dollar cost averaging. Sure, the S&P 500, adjusted for inflation, has only returned around a 4% APR over most 10 year periods, but it's better than you'll get leaving your money in the bank.

There's talk that Bernanke and the fed will lower interest rates at the December meeting to try to prevent the economy from going into recession. However, if Bernanke does so, then, according to the analysts, that will further weaken the dollar.

I think that, because this country is so dependent on foreign capital, at some point, the Fed will lower rates, and the treasury markets won't follow, because foreign lenders will demand in addition to interest, a return to reflect the risks of a devaluing currency. At that point, the horse will have bolted from the barn, so to speak, when Fed cuts don't affect the markets.

They always say that investors should be diversified, and I suppose in addition to classes of assets, that would also include currency diversification, given the Republican mantra that deficits can grow indefinitely because money grows on trees, or Jesus will miracle away the deficit, or whatever their rationale is.

It was noteworthy the way one of CNBC's commenters named Dennis Neale, a tech expert, blamed fear for the Dow's losses last week. He remarked: "As Winston Churchill said: 'There is nothing to fear but fear itself.' " The "expert" apparently never heard of FDR.

You know, I'm so sick of these utter horseshit-peddling yammering talking heads who tell us time and time again that Republicans are the default good for our economy. What a crock of steaming shit as anyone who actually works for a living can tell you.

Republicans are good for economic looters and thieves.

Dont forget about the unwinding yen carry trade....everything is tanking...including asian markets...yet gold is hanging on strong! Mid december will be interesting to say the least!

money managers.......some say black,and some say white.....but the bottom line is ...something is going to happen..I think it's safe to say it will not be good.To what extreme.....no one knows.the speculative picture..is getting ugly.

CoIntelPro @ 61:

great post! very few point out the utter bullshit these talking heads spout. they are all pretty much shit-talking meatsacks. their politics is awful, excrable.

please, don't hold back. tell what you really think. lol

fact is that government agencies and spokesmodels, as well as the msm have been trying to put lipstick on the wild boar of an economy as if they can stave off the catastrophy for the duration of the boosh dynasty.

greenspan created a monster larger than any ever before seen with the faux interest rate (aka, subprime mortgage) three-card monte game played by most major financial players. the institutions are finally announcing the plans they have to bail out their failing funds. it could cost $trillions($X,000,000,000,000) and probably will.

As we all know, the workers, consumers and homeowners will bear the brunt of the impact. Add the falling dollar and the competition from china and india and russia for resources, and all prices in goods sold internationally and mined/drilled for/grown elsewhere on the planet will be very expensive. and being an importing nation, we will be at the mercy of countries who may sense an opportunity to wreak on the US what the US has been wreaking on the world. We will probably reep what we've sown.

all of that will be made even worse for non-wealthy americans by the neocon plan, which they have executed to perfection, to financially rape non-wealthy america for their rich friends.

Is this an omen?
GOOG closed today at exactly 666.00.

Spoooooky....

WAMU is going down.. Watch for quick quiet staff lay-offs (1500 already I know of) and a big old nasty visit from Uncle Feddie over the sub market scam they've been running...

Watch for people with jobs in financials get laid off, then search in vain for a new position in their field until their UEI runs out.

miss_kitty @ 68:

WAMU is going down.. Watch for quick quiet staff lay-offs (1500 already I know of) and a big old nasty visit from Uncle Feddie over the sub market scam they've been running...

Watch for people with jobs in financials get laid off, then search in vain for a new position in their field until their UEI runs out.

Yes, I heard about WAMU. Scary how they were able to buy up so many banks and misuse the assets. It's their own fault they listened to greenspan.

Andrew @ 24:
I'm betting that denial will lead to at least the great train wreck!
Greed might force the crash, since the survival of the fittest is all the greedy know.

CoIntelPro @ 67:

Yellowbird @ 63:

Ever since 911, when the HONEST brokers and market overseers were killed in the events of the day; Wall Street has morphed into nothing more than a DOG AND PONY SHOW propped up by fascists to make the people think the economy is okay and go spend some money.

I hope you're smart enough to spend some of yours on HERITAGE SEEDS (not frankenstein seeds) so you can grow your own food when the magic economy collapses.

Because it will.

There were never any honest brokers. 9/11 had nothing to do with their culture or any notion of honesty. The talking heads only role was to keep the viewing audience fooled into keeping their money in the markets long enough to lose it in the next downturn when all the high-rollers, who get top-priority on their transactions, jump out of the markets early, taking the fools money with them.

Then, even if the cheaters are discovered, their penalties are usually less that 25 percent of the ill-gotten profits they extracted from their illicit transaction.

The job of a broker has always been to make money off your money. Honesty has never been a factor in that industry.

maybe you were referring to insurance? :O

kinda like a casino huh?

EnjoyTheSilence @ 75:

People hate professional investors because they feel like they make money off doing nothing. Money, just like your skills and time, is another of your resources that you can put to work for you, and that is what investing is. Everyone, and I mean EVERYONE, should become more educated about investments in general. The stock market is just one aspect of the entire picture. Learn about the market, and see how you can benefit from it. With wealth comes power, and with power comes the ability to change the status quo -- something which I think everyone here would like to see. Use the machine against itself.

Economics and finance should be of the utmost importance to everyone now. Superpowers will not be built and torn down by military action anymore. They will be primary affected by their economic and fiscal policy. China can become the leading superpower in the world with its economic boom, and is that a position you're willing to entrust to a semi-communist state that definitely does not grant the right of free speech to its people?

I beg everyone here to take a very rational look at our economy, and how it will matter in the coming years. I am a republican, and I read this site almost daily. I am willing to see all points of view, and I hope you all would be willing to do the same.

republican? no shit?

Andrew @ 24:

The game had to come to an end sooner or later. The problem confronted is simple. Kenysian economics, the grand experiment doesn't work. You can't inflate yourself out of debt by printing more money as the more you do it, the less that money is worth.
When the Federal Reserve was created in 1913, President Wilson knew he sealed the dollars fate and the final nail in the economic coffin was hammered in by Nixon when in 1971 he officially broke the link between the dollar and gold.
While it was a great scheme way back then in lending out more money than a bank had the gold reserves to back these loans, the poison pill was set to go off years later as in now. Today there are over 400 trillion in derivitives that literally have no value. In normal times, investements were marked to market and today, the wiz kids on Wall Street have marked their investments to model, which is a hypothetical value and has jack squat to do with the real world. That is why banks have seen their credit lines evaporate and why governments are trying to bail them out with your tax dollars. This bail out too will fail as all governments are doing is printing new money that is worth even less. All we're doing is giving the addict another fix.
The only salvation for the worlds governments is going back to a precious metals standard and the sooner the better. If this option is not brought about and soon, you will see a world wide crash. At best, you are witnessing a finacial train wreck in slow motion and the powers to be can't stop it unless they bring back a sound monetary system backed by the only real money mankind has known for over five thousand years.

Fuck yeah Andrew, I missed your post, but you already nailed it on the head perfectly.

Sound money is the only answer. It's amazing that free market economists have been saying this for 100 years already, but hardly anyone listens to them until the shit hits the fan.....THAN they cry and moan and say what went wrong?

You will never convince hardcore democrats that Keynesianism does not work, because they look to government as a PROVIDER of goods and services, rather than a zero sum game which is what they actually are.

You will never convince hardcore Republicans that it doesn't work either, because without a printing press they cannot fight unjust wars across the globe.

Perhaps the biggest tragedy of all, is that if you advocate for something like less government interference in the market (which would solve the problems of credit crises), you will likely be yelled at or something because you would be insulting both Democrat and Republican government stooges. People blame the free market for this credit crunch, but they should blame their own beliefs that big government is the answer. When the oppressor (government) blames the victim (free market), this is evidence of sociopathy and not sanity.

"China can become the leading superpower in the world"

We don't need any "superpowers" in the 21st century, that is a quaint expression from the 1900's.

The US economy was doomed to collapse sooner or later anyway, since the US use of resources is unsustainable. The United States has 3% of Earth's population consuming a quarter of Earth's resources. Something's gotta give with that sooner or later, as with Peak Oil, and the increasing demands of places like Silicon Valley (need oil to make plastic), not to mention the umpteen dozen gas guzzlers, and the sheer gluttony and wastefulness of the American people.....

The collapse is inevitable regardless of reform due to the current rate of US resource competition as unsustainable.

"EnjoyTheSilence @ #75"

REPUBLICAN? NO SHIT?

You are very right in what you said . But although America "still" has the largest economy in the world money is flowing elsewhere . And , China is the 'economic superpower' . The clock cannot be turned back and so you better get used to it. Reagonomiics and Bushomics are not the answer for America.

EnjoyTheSilence @ 75:

People hate professional investors because they feel like they make money off doing nothing. Money, just like your skills and time, is another of your resources that you can put to work for you, and that is what investing is. Everyone, and I mean EVERYONE, should become more educated about investments in general. The stock market is just one aspect of the entire picture. Learn about the market, and see how you can benefit from it. With wealth comes power, and with power comes the ability to change the status quo -- something which I think everyone here would like to see. Use the machine against itself.

Economics and finance should be of the utmost importance to everyone now. Superpowers will not be built and torn down by military action anymore. They will be primary affected by their economic and fiscal policy. China can become the leading superpower in the world with its economic boom, and is that a position you're willing to entrust to a semi-communist state that definitely does not grant the right of free speech to its people?

I beg everyone here to take a very rational look at our economy, and how it will matter in the coming years. I am a republican, and I read this site almost daily. I am willing to see all points of view, and I hope you all would be willing to do the same.

Defending the current economic system is a bit difficult, since the investment bankers, the commercial banks, the stock market seat holders, all spend their 'creative' time coming up with 'new products' for their 'industry'. (Besides this horrific perversion of the language to shield their actual greed, what do they accomplish?)

They develop 'new products' like the just-now-being-revealed enormous theft of the gullible public's too-small 'down-payments' and 'monthly payments' on mortgages rigged for humping-up 'Today's bottom line', and letting tomorrow go to hell.

And, to top off the theft, bribing politicians with a miniscule part of the enormous rip-off, to attempt to get them to reimburse themselves, the crooks, from imaginary 'losses', with taxpayer funds.

Talk about Chutspah!

While I share your dissatisfaction with the overall economy, especially distribution, I don't understand why you guys keep harping on the weakness of the dollar, it was bound to come down and it's a good thing that it did it in the way it did (gradual decline and not a crash).

On this issue it is Krugman who is right and Rubin and Froomkin who are wrong.
http://krugman.blogs.nytimes.com/2007/11/10/robert-rubin-is-wrong-about-...

http://krugman.blogs.nytimes.com/2007/11/08/dollar-doldrums/

http://krugman.blogs.nytimes.com/2007/11/19/thinking-about-the-dollar/

http://krugman.blogs.nytimes.com/2007/11/18/dollar-panic/

General_Rennenkampf @ 81:

The US economy was doomed to collapse sooner or later anyway, since the US use of resources is unsustainable. The United States has 3% of Earth's population consuming a quarter of Earth's resources. Something's gotta give with that sooner or later, as with Peak Oil, and the increasing demands of places like Silicon Valley (need oil to make plastic), not to mention the umpteen dozen gas guzzlers, and the sheer gluttony and wastefulness of the American people.....

The collapse is inevitable regardless of reform due to the current rate of US resource competition as unsustainable.

The use of resources and their sustainability have nothing to do with what's going on right now. There are no shortages of goods. What's going on is purely financial. You want to include the issue of resources any way you can for any problem that arises because you don't want humans to advance.

The consumption of goods is sustainable because we have only just scratched the surface fo the Earth. There is no inherent limit to what we can use. It is unlimited because the use of resources does not imply a disappearance of materials, it only implies the moving of resources from one place to another, from one form to another, etc. The weight of the Earth is the same now as it has been for thousands of years. The resources are not going anywhere, they are just changing form. As we progress, we learn how to use more of what is around us.

And nothing has to give if 5% of the world is consuming on quarter of the resources. It doesn't mean a quarter of the Earth, it means a quarter of what man uses in totality which, as I just said, is unlimited.

Collapse can only happen if our monetary system collapses. If the monetary system collapses, THEN we will have problems because money is involved in every transaction of resources, people's wages, how things are to be organized and separated. Once the money collapses, then the world will collapse into chaos.

Just about anybody could predict, the market is swinging high today; we should all rejoice that the largest of the seven emirates of the United Arab Emirates came to Citibank's rescue. That's good news to this market?

Rejoice that the Arabs can make this happen! Perhaps they can buy the United States soon, and we can become one of the eight Arab Emirates.

Sell or move assets on upswings, not on downswings.

You should care about the declining value of the dollar because just about anybody in the world can come into the USA and buy it up at bargain-basement prices. And just wait until you go to other countries and you see the prices of everything: It will make your head spin to know that your money is the next best thing to crap.

The occupation in Iraq is bankrupting the United States; it's an occupation designed to destroy the US government as we know it, and transfer the wealth we used to have to the military/industrial complex. Mission accomplished; it's a done deal.

Take your head out of the sand if you think the decline of the dollar is no big deal. It's declined for the WRONG reasons.

I heard some newscaster on my local news say the average person although down from last year will spend on average 800 dollars this Christmas. Now how can they figure a stat like that before it even happens. Boy do they think the American people are stupid.

So many sources, so little time, to prove Faux news is soooooo wrong WRT how the market performs under Democratic v republic presidents - I'll just let you take your pick:

http://money.cnn.com/2004/01/21/markets/election_demsvreps/index.htm

http://www.slate.com/id/2071929

http://www.nytimes.com/2003/11/20/business/20scene.html?ex=1384750800&en...

http://www.usatoday.com/money/perfi/columnist/krantz/2005-12-02-presiden...

But that old canard is one the republic party just loves to try to foist on the masses.

Lollimom @ 92:

Just about anybody could predict, the market is swinging high today; we should all rejoice that the largest of the seven emirates of the United Arab Emirates came to Citibank's rescue. That's good news to this market?

Rejoice that the Arabs can make this happen! Perhaps they can buy the United States soon, and we can become one of the eight Arab Emirates.

Sell or move assets on upswings, not on downswings.

You should care about the declining value of the dollar because just about anybody in the world can come into the USA and buy it up at bargain-basement prices. And just wait until you go to other countries and you see the prices of everything: It will make your head spin to know that your money is the next best thing to crap.

The occupation in Iraq is bankrupting the United States; it's an occupation designed to destroy the US government as we know it, and transfer the wealth we used to have to the military/industrial complex. Mission accomplished; it's a done deal.

Take your head out of the sand if you think the decline of the dollar is no big deal. It's declined for the WRONG reasons.

The E.U. has the Euro. We used to have the Dollar. We now have the Zero.

solid @ 95:

Preacher Boob @ 80:

The stock markets are just big casinos, with the advantage that the players, who pay enormous amounts of money to sit at the tables, get to buy their chips with other people's money, (OPM).

OPM. Sounds addictive, doesn't it? And it is, because the game is fixed, and winning is assured for the players. And the 'Other People', the folks who 'Play the Market', or 'Invest', are the suckers.

Imagine, a bunch of rich folks sit around and brainstorm how to get richer. One of them says, 'Hey, I have a great idea. Instead of trying to come up with new ways to con the suckers, why don't we just build a box, tell them to put their money in it, and every once in a while, give them some of their money back?'

Well, you can imagine how he got laughed out of the room for that ridiculous idea.

But today, we have millions of those boxes, with handles on them, and people flock to fill them with money. They're called 'Slot Machines', and Video Poker Machines'.

And the stock exchanges are just big boxes into which folks can deposit (or 'Invest') their money. Can you beat the odds?

Only in the short run. The stockbrokers have the keys to the boxes.

Now, I'm as liberal as the next guy here, but my 401K has achieved an average annual total return of 10.54% over the last 15 years. To my way of thinking, that is a decent LONG TERM return, which could have been even higher without the dot com meltdown of the late 90s.

The short run is where you get burned if you panic. Having said that, I agree with you that stockbrokers are only in existence to separate you from your money. I don't deal with them.

It isn't accurate to blame anything on the 90's. Even after the Nasdaq came down, the gains were still damn solid. Had you invested $10,000 in the Nasdaq on Bush's inauguration day, you would now have only $9,178 based on yesterday's close. You would have been negative over 7 years. That's pathetic!

General_Rennenkampf @ 83:

Steve @ 79:

"China can become the leading superpower in the world"

We don't need any "superpowers" in the 21st century, that is a quaint expression from the 1900's.

Actually from the 1940s. Then, it was presumed there were three superpowers, USA, USSR, and the British Empire. Needless to say, thereafter the Cold War descended into a USA-USSR pissing contest for dominance. And, it's my opinion that when Washington's fall from Superpower status becomes obvious even to Americans, they will accept a multi-polar status, sort of a return to pre-WWI days of Great Powers.

Whether you consider the concept of "global superpowers" to be quaint has no effect on the fact that they exist now, have always existed, and will always exist. China's record on civil rights is abhorrent, and I do not consider that nation to be a good candidate for the role of superpower. You are right though, the US will most likely have to accept other nations rising to challenge our lead in technology, quality of life, and overall wealth. I think this is a an excellent thing, because competition spurs progress.

You also mentioned that we are running out of resources, and this dictates that we will inevitably decline from our current status. Your 3% figure is referring to material resources only. Much of our economic strength comes from our ability to innovate, and improve on existing technology. Microsoft, a US corporation, supplies the operating system for a large number of electronic devices across the world. Google is US-based, as is AT&T. In fact the Internet can trace its roots back to ARPANET, a US government creation. Do not discount non-material resources in your analysis of US economy.

Either way, this all distracts from my original point, which is that ignorance of economics and finance is inexcusable in this day and age. Everyone owes it to themselves to learn about these things, and to apply that knowledge to their everyday lives. Don't just stand around whining about how investors and "the wealthy" are robbing you. Do something about it! Go out there and change the system.

Well, I can't see how a few fat farmers some 230 plus years ago could sit down and with the penmanship of a poet write down on a piece of paper the American dream and today watch a bunch of nincompoops in D. C. to trash it for "greed", "picture in the spotlight", "what your government can do for you" bull crap.
Is there not one person on that hill that knows anything about American history? Is there not one person on that hill that knows he/she works for "we the people"?
This ain't no spend....spend....spend and let everyone's grandkids pay the bill....I thought that went out in the 60's when Lyndon B. Johnson took $30 billion out of that social security chest for Ladybirds great society.
We have had over 1900% inflation since 1913....and now the US dollar is at a all time low and what comes out of D. C. is...."all is well" and that's bullsh!!.
The Federal Reserve is a private bank and put this great union in sad shape and not one person on that hill as the ba!!s to set it straight
http://www.freewebs.com/rumorsconspiracybooks/Folder1/The%20Federal%20Re...
and look were all the gold went......
http://www.globalfirepower.com/list_gold_reserves.asp
and check out the Inflation Calculator by putting in 1914 to 2007 and look at over 1900%....
http://inflationdata.com/inflation/Infla...
and with all the propagandists crap from D. C. and Wall Street with the production of the US.....look at the real numbers....
http://mwhodges.home.att.net/
So, can everyone in that town think..."we the people" and the few fat farmers that wrote about the American dream and quit spitting out "spending bills" and having the World laugh out loud. This was once the greatest union on Earth and foreigners would had given their left nut for a US dollar are a Hershey's chocolate bar and now they have Uncle Sam and the American consumer by both all the while Hershey is moving the chocolate factory to Mexico.
We have lost thousands of jobs and in the next year there will be thousands of more cause of the Wal*Mart with the "star" and a deal with China and Mexico....all the containers will come into Mexico and the Mexican trucks will deliver to US.
We got toll roads in America that is owned by foreign governments and land in Kansas City which is owned by Mexico....just what in the "samhill" are you people doing.....selling "we the people" out for a quick buck!
Now with the 2008 election coming up and the media pushing Hillary for President....guess we gonna have to put up with another Clinton in that big white house. Nothing but Bush are Clinton the past 25 are so years and that just shows now some people think "I" and not "we" 100% of the time. George Washington serve 8 years and went home....today there be people that think their "sh!! don't stink" and stay until they kick the bucket and they are the people that never red....ooops read.....
Washington had been reelected unanimously in 1792. His decision not to seek a third term established a tradition that is now embedded in the 22d Amendment of the Constitution. In his Farewell Address of Sept. 17, 1796, he drew on the results of his varied experience, offering a guide for both present and future. He urged his compatriots to cherish the Union, support the public credit, be alert to the "insidious wiles of foreign influence," respect the Constitution and the nation's laws, abide by the results of elections, and eschew political parties of a sectional cast. Asserting that the United States and Europe had different interests, he declared that it "is our true policy to steer clear of permanent alliances with any portion of the foreign world," trusting to temporary alliances for emergencies. He also warned against indulging in either habitual favoritism or habitual hostility toward particular nations, lest such attitudes should provoke or involve the country in needless wars.
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but I doubt your ever read it either......so!

take a little time out of your busy 4 day week and check the congressional records and you will see that for a mere amount of $450 million "we the people" can buy out the FED and 'you" people in Congress can print "we the people's" money interest free and replaced all the debt....dollar for dollar and $9 trillion will be off the books and the snotty-nose "my sh!! don't stink a!!holes of Wall Street and the Banks will come down to Earth and live like US poor folks.

I am fed up with this "new world order" crap and people in the White house over the past 20 years that stir bloomer pudding with a limp cigar and others that say....
"If this were a dictatorship, it'd be a heck of a lot easier, just so long as I'm the dictator."
- George W. Bush, during a photo-op with Congressional leaders on 12/18/2000. As broadcast on CNN and available in transcript on their web site.
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that person has to "think it" first before he said it and in my opinion in serving at the highest office of this land that is....... treason.

Oh! if that "Amero" currency comes about....I'm moving to the State of Yap!

Have a great week ahead and please think ...."we the people"