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What Obama has to do with anything? He's just front figure...
Ben does only what THE BOSS tells him to do. Who is FRS owner.
The real mechanism is described here: Silent Weapons for Quiet Wars - The Lawful Path
The OP said Depression, not Recession. In a Depression everything stops, and in the modern world it would be worldwide. I doubt with the federal government's resources and its proven intent to preserve itself and its friends at all costs, that a Depression would be destructive to equity holders who are the moneyed men, the stake holders in society. But like those who are defaulting on mortgages and wiped out, or living in homes in neighborhoods where bank foreclosed properties are vandalized wrecks, the average citizen is or will be SOL.
The stock market has been climbing for 4 years now. The average length for rise prior to correction is about 7 years, I believe. The stock market is up over 100% from it's previous low 4 years ago, so a correction is certainly possible.
The stock market has been climbing for 4 years now. The average length for rise prior to correction is about 7 years, I believe. The stock market is up over 100% from it's previous low 4 years ago, so a correction is certainly possible.
The rate the Fed is printing money truly scares me. Inflation is only a matter of time. I am surprised it hasn't hit yet.
To be honest, as much as I disapprove of Obama's performance as President, neither he nor Bernanke can prevent the world wide economic collapse that is in progress.
It's funny that people have to go back 5 months to find a story to fit their narrative, because the current story on Warren Buffet doesn't work for their narrative.
I believe yes, TPTB have accepted it.
The growing welfare and warfare classes are permanent,
indeed, growing demographically. They require enormous
funding to sustain, which will only come via debauching the currency.
The currency can be debauched for decades more, as long as
the government continues to mandate and enforce its use.
This is what the people of America voted for. Conservative
principles are not popular enough to win elections.
I have come to accept it and do my best to work around it.
Thanks for taking the time to answer my question. Like some others that I know he road out the storm and is about where he is was +/- a little.
I am in my mid 60's and had been investing for retirement for years.
I experienced the Black Monday crash of 1987.
We retired Jan 1 2008. We at that time had our pensions and investments with SS down the road. We experienced the Great Recession and saw our wealth take a really big hit as we were still in a long term investment mode because of pension security etc etc etc
Yawn it is now 2013.
My response to the OP is to go try to scare someone else. I am now with a more conservative portfolio and fully recovered plus for the Great Recession. Remember new money put to work in early 2009 on has really seen considerable appreciation and that is real appreciation and not recovery.
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