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Old 12-22-2016, 10:44 AM
 
26 posts, read 9,841 times
Reputation: 12

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Quote:
Originally Posted by Troyfan View Post
Want to be rich? Do what they do. Won't get you to the 1% but it will to the 10%.
Some of the 1% of the 1% are preparing for what has to happen now. Trump has a small window to do something, but unless this re balances soon, we are headed for major overhaul which is nearly impossible with out violence. I am not hoping for it, or saying it should happen, just that it has been the case over historical occurrence. Like I said, many rich people are preparing for it to happen.
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Old 12-22-2016, 10:45 AM
 
34,301 posts, read 15,561,632 times
Reputation: 13053
Those who have the most money will continue to earn more than those who don't. Commonsense.

I got my paycheck today. The bum panhandling on the corner got his too. Did he out earn me ? maybe, people are generous
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Old 12-22-2016, 10:48 AM
 
77,931 posts, read 60,105,199 times
Reputation: 49292
Quote:
Originally Posted by snufftherooster View Post
Thanks to Trump. "Prove it" you say? It's called the Stock Market Casino and it's participation is by and large only the top 10% of Americans.

At the same time news is out that young people can't afford to buy their own homes anymore once they become adults. News is also out that violence has been shown over history as the most effective and used response to re-balance inequality.

So how long until this whole house of cards comes tumbling?

Facts Again - top 10% are richer. Young people can't afford to buy houses. Violence proven in history as means cultures re-allocate wealth.
We have another thread here trying to credit Obama for the stock market boom, maybe you should have posted to that one?
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Old 12-22-2016, 10:52 AM
 
77,931 posts, read 60,105,199 times
Reputation: 49292
Quote:
Originally Posted by snufftherooster View Post
Some of the 1% of the 1% are preparing for what has to happen now. Trump has a small window to do something, but unless this re balances soon, we are headed for major overhaul which is nearly impossible with out violence. I am not hoping for it, or saying it should happen, just that it has been the case over historical occurrence. Like I said, many rich people are preparing for it to happen.
As long as those with initative and effort are rewarded in this country, you'll never have any upheaval.

When what's left over are slackers and people content to squeek by and play xbox...they might complain but they're just too dang lazy to do anything about it.
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Old 12-22-2016, 10:58 AM
 
26 posts, read 9,841 times
Reputation: 12
Quote:
Originally Posted by Mathguy View Post
As long as those with initative and effort are rewarded in this country, you'll never have any upheaval.

When what's left over are slackers and people content to squeek by and play xbox...they might complain but they're just too dang lazy to do anything about it.
That's too easy and an over simplification. The people won't uprise on their own. Some leader will emerge and he or she will have an easy audience to marshall.

The 1% and even the 10% can prevent people from obtaining and joining them. That's not wholesale happening today, but it may happen at any time. The capital markets, for example, have taken away small business from public ownership. It's not black and white in lazy or driven. Lots of little things skew the results.
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Old 12-22-2016, 11:00 AM
 
Location: USA
18,451 posts, read 9,084,138 times
Reputation: 8490
The 1% have gotten richer.

And in other news, it will be dark tonight.
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Old 12-22-2016, 11:04 AM
 
26,302 posts, read 14,905,638 times
Reputation: 14480
The 1% got richer due to Obama's Trickle Down economics. Every Fed pick Obama made was a QE trickle down supporter.



Trickle-Down QE | Zero Hedge

QE3 is 'trickle-down' economics for today: Pimco's Gross - The Tell - MarketWatch


Obama can say he opposes trickle down economics in unqualified terms and his sheep supporters literally start cheering, clapping, and chanting in approval - so hysterical as Obama has had more trickle down on his watch than Reagan.

Watch, if Trump behaves like Obama on this issue, these same mindless sheep will go bananas.
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Old 12-22-2016, 11:09 AM
 
Location: Londonderry, NH
41,478 posts, read 59,618,268 times
Reputation: 24859
I am pleased the Upper Crustaceans are putting their money in the equities marker that is soon to surge over 20,000 or maybe for a while 21,000. I will be putting my money "under the mattress" so I will have some ability to buy back into the market after the crash of 2017 to 2018. Once the near insane policies of The Donald are implemented the big money will take their profits and run away to someplace relatively stable like Russia and wait for the collapse to stop.
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Old 12-22-2016, 11:13 AM
 
451 posts, read 234,789 times
Reputation: 428
I got richer. I'm not sure what % I am in and I don't care.

Didn't get yours? Awwwwwwwww.........
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Old 12-22-2016, 11:17 AM
 
451 posts, read 234,789 times
Reputation: 428
Quote:
Originally Posted by GregW View Post
I am pleased the Upper Crustaceans are putting their money in the equities marker that is soon to surge over 20,000 or maybe for a while 21,000. I will be putting my money "under the mattress" so I will have some ability to buy back into the market after the crash of 2017 to 2018. Once the near insane policies of The Donald are implemented the big money will take their profits and run away to someplace relatively stable like Russia and wait for the collapse to stop.

What you are advocating simply does not work. Trying to "time" the market is a fool's game. No one knows where the top is...or where the bottom is. There are people who sold out at the bottom in 2009....went all cash.... and are still "waiting" to get back in. Yeah....that was a great decision.

What is important is not trying to "time the market" but "time in the market."

BTW.....what kind of dividends and capital gains does the "mattress" yield???

But you stay patient. Just let the rest of us know when this "crash" is coming.
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