stompk
01-22-2008, 04:16 AM
We are on the verge of depression!
Everyone is talking about recession, but I feel the underlying panic.
People who have made their incomes off of flipping houses, shorting stocks,
and general raping of the hard working, product and service producing public,
are going to suffer the worst.
Just like in the great depression, when stock market "players" were jumping from
windows to their death, because they had invested in their portfolios, instead of
their souls.
People tend to forget, that in 1929, it took three months for the stock market to drop 40%
Then it took 3 yrs to completely tank.
Before 9/11, the economy was headed towards recession. Remember?
Well what happened, was we went to war, and the war machine needed to be funded, so the Fed decides to inject a ton of new printed money into the economy.
Remember all the new bills lately. There was a lapse before the old bills are removed. So there is a false indicator that there is more money in the economy.
So as the gov removes the old bills, the money then is squeezed back down, creating less currency in the economy.
Now this doesn't affect the upper class, but the lower and middle classes take the hit.
And that is what is happening.
Since their is less currency, there is a squeeze taking place.
At the same time, the value of the dollar is dropping, because foreign markets see this happening.
Houses are foreclosing. Banks say they take a hit. Pfft. Most cases they've already receive years of payments, plus they get back the property, which they auction off to the highest bidder.
The banks hedge fund is the payments the owners has already made, plus the property.
Welcome to reality.
We are slaves of the Federal Reserve.
Everyone is talking about recession, but I feel the underlying panic.
People who have made their incomes off of flipping houses, shorting stocks,
and general raping of the hard working, product and service producing public,
are going to suffer the worst.
Just like in the great depression, when stock market "players" were jumping from
windows to their death, because they had invested in their portfolios, instead of
their souls.
People tend to forget, that in 1929, it took three months for the stock market to drop 40%
Then it took 3 yrs to completely tank.
Before 9/11, the economy was headed towards recession. Remember?
Well what happened, was we went to war, and the war machine needed to be funded, so the Fed decides to inject a ton of new printed money into the economy.
Remember all the new bills lately. There was a lapse before the old bills are removed. So there is a false indicator that there is more money in the economy.
So as the gov removes the old bills, the money then is squeezed back down, creating less currency in the economy.
Now this doesn't affect the upper class, but the lower and middle classes take the hit.
And that is what is happening.
Since their is less currency, there is a squeeze taking place.
At the same time, the value of the dollar is dropping, because foreign markets see this happening.
Houses are foreclosing. Banks say they take a hit. Pfft. Most cases they've already receive years of payments, plus they get back the property, which they auction off to the highest bidder.
The banks hedge fund is the payments the owners has already made, plus the property.
Welcome to reality.
We are slaves of the Federal Reserve.