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Old 06-07-2011, 11:51 AM
 
Location: Planet Eaarth
8,955 posts, read 17,716,311 times
Reputation: 7193

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10 Tipping Points Which Could Potentially Plunge The World Into A Horrific Economic Nightmare
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Old 06-07-2011, 11:58 AM
 
Location: Great State of Texas
86,093 posts, read 72,556,082 times
Reputation: 27566
Another one lurking in the shadows...over $600 TRILLION in derivatives.
Would we bail out the boyz on wall street again ?
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Old 06-07-2011, 12:11 PM
 
Location: Old Town Alexandria
14,505 posts, read 23,788,374 times
Reputation: 8838
450,000 more jobs gone?. Nice.

This economy is hopeless. But hey EdwardJones is still hiring in South Carolina. You need to get a series7 to start selling junk stocks, one of their pre requisites.


I work for Edward Jones! | WallStreetOasis.com


Edward Jones is a joke... The job of the financial advisors is to walk around town knocking on doors, getting to know as many people in the community as possible. 90% of them quit or fail out of the business in the first 2 years. You just push crappy mutual funds onto people. Some of the best Edward Jones hires are former teachers and retired cops... guys who everybody already trusts, have huge networks, and know nothing about finance.
In your example, Ted is also the guy in town who is friends with everybody because he HAS to be. His prosperity is based on how many people in town like him. It's equivalent of being in a constant popularity contest.... Most people here want to have "F You" money, which is actually the opposite.
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Old 06-07-2011, 02:50 PM
 
2,490 posts, read 3,749,369 times
Reputation: 2871
I agree that our economy is very fragile particularly with the debt we have. But it seems to me that the people who write these sort of things want these things to happen, like they're excited about it or something.
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Old 06-07-2011, 03:51 PM
 
Location: Old Town Alexandria
14,505 posts, read 23,788,374 times
Reputation: 8838
No one wants this to happen. Unless they want food riots. No politicians are offering solutions here, and its enraging.
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Old 06-07-2011, 05:11 PM
 
Location: NY
12,266 posts, read 9,451,419 times
Reputation: 8029
Tipping Point #11 - Barack Obama and his complete, and total economic incompetence.
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Old 06-07-2011, 05:15 PM
 
Location: Old Town Alexandria
14,505 posts, read 23,788,374 times
Reputation: 8838
Tipping point 12- Food tax at 9.5 %
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Old 06-07-2011, 05:17 PM
 
Location: Portland, OR
8,803 posts, read 7,587,163 times
Reputation: 4501
Quote:
Originally Posted by HappyTexan View Post
Another one lurking in the shadows...over $600 TRILLION in derivatives.
Would we bail out the boyz on wall street again ?
HA. It's actually $1.2 Quadrillion.
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Old 06-07-2011, 05:19 PM
 
1,490 posts, read 3,194,453 times
Reputation: 697
13. Republican tax cuts for the wealthy.
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Old 06-07-2011, 06:33 PM
 
Location: Portland, Oregon
7,090 posts, read 10,766,873 times
Reputation: 4109
Great, Michael Snyder...who thinks anyone who hasn't personally accepted the word of god is morally equivalent to a rapist, child molester, or murderer. Why not ask him about how the bible is literally true, and Jesus is going to come down soon and kick some butt?
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