Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I just find it beyond absurd that obama won the election saying "we cant afford 4 more years of the same failed economic policies" only to propose those same policies as change. With the economy being the #1 concern and promising change the 1st thing he does is his best Bush imitation proposing a stimulus package paid for with more debt.
All that happens when you print more money is make your work less valuable in simple terms. Another way to look at it is the government just guaranteed you will work x amount of hours for them where it used to be x-inflation adjusted for inflation.
All that happens when you print more money is make your work less valuable in simple terms. Another way to look at it is the government just guaranteed you will work x amount of hours for them.
That, and if you were one of the few responsible people who worked hard and saved, it makes your money worthless. Already down 27% since 2002 and another 15% on the way. Sickening! I thought that printing press at the reserve would have overheated by now.
We are all screewed, you do realize that do you not? 6-12 months and we see soup lines across this great land.
Buy more when stocks are down. The US isn't going to disappear. If you buy into a 401k program it's equalized by buying every week. The lower weeks you buy more...the higher weeks you buy less. Up's and downs are inevitable. You can look at it like you lost 6 years of investment. As bad as that sounds your still at par maybe slightly less with two huge economic bubbles since the 90's.
That, and if you were one of the few responsible people who worked hard and saved, it makes your money worthless. Already down 27% since 2002 and another 15% on the way. Sickening! I thought that printing press at the reserve would have overheated by now.
We are all screewed, you do realize that do you not? 6-12 months and we see soup lines across this great land.
Exactly. And yet the media and politicians moan and whine about Americans having no savings. Well, with the Fed's monetary policy, can you blame them? Inflation transfers wealth from savers to debtors. Is it a wonder people would rather be debtors than savers???
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.