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Maybe once it might occur to you that you are the odd man out.
I'm the ONE who understands very well how economy supposed to work. You know INFLATION and DEFLATION, GROWTH and NON GROWTH, BOOM and BUST. BOOMS and BUSTS are the market and it is good for the economy. The attempt of central banks and politicians to prevent this cycle is what has harmed the market and what has killed economic growth and expansion.We are living out what happens when socialist ideas encroach too heavily on the free market. Even on this forum we have individuals who don't recognize or understand business cycles. It is fortunate that it is not that ugly yet, although we haven't seen the downside yet. Many of you are still deluded that we are recovering or have been recovering for the last 8+ years. In reality we are digging our own graves and we have destroyed our kids and grandkids future.
Because medical care and social services for the homeless has been relentlessly cut?
And because we had a 'housing bubble' and the solution to the bubble was that poor people shouldn't be able to buy houses, so now they have to rent.
Our cities are overrun with homeless population because the FED faked the entire economic recovery with artifical low interest rates and debt spending. Economic recovery is an illusion!!!! Now if you understand that then it's easy to understand why so many homeless and poor people are wandering on our city streets. This is what happens when you keep interest rates at zero or near zero for all those years and don't allow citizens to save money and earn interest, don't allow safe investment thru savings. This is what happens when you inflate cost of living, rent, food, healthcare cost, education cost and etc.
Banks have thrown out Americans out of their homes instead of lowering their principals and recognizing that it was a bubble. Instead of doing that banks have been bailed out by American taxpayers and have sold those foreclosed homes to Wall Street Crooks and various speculators. Think about this for a moment. We have allowed those failed banks to survive and exist today but we have thrown out ordinary Americans out of their homes by not being able to make a mortgage payments on those overinflated prices. So if banks can't make their obligations or being solvent taxpayers had to bail them out, but when certain taxpayers couldn't make their mortgage payments and when they asked for loan modification and principal reduction that wasn't possible and they had to be thrown out of their homes. Yes, the same homes that were later sold for nothing on those foreclosure auctions and sold to various speculators.
This is what happens when you have Government and Wall Street Crooks in bed together against interest of majority of our citizens, especially consumers. This is an example of crooked and criminal society and criminal system that rewards Shysters and Con Men. Yes, those are our winners today.......Shysters and Con Men!!!
But Mother Nature will make sure that this will end soon as well and that we flush those Shysters and Thieves thru the sewage system. No human can ever outsmart the Mother Nature. Nice try, but our fools at the Fed together with Wall Street Crooks and all other Con Men will fail. How mentally insane do you have to be in order to do what has been done since 2001, especially since 2008.
psssst : those homeless would likely still be broke and homeless no matter what! those who choose to commit financial suicide will do it no matter what the economy is doing.
Our cities are overrun with homeless population because the FED faked the entire economic recovery with artifical low interest rates and debt spending. Economic recovery is an illusion!!!! Now if you understand that then it's easy to understand why so many homeless and poor people are wandering on our city streets. This is what happens when you keep interest rates at zero or near zero for all those years and don't allow citizens to save money and earn interest, don't allow safe investment thru savings. This is what happens when you inflate cost of living, rent, food, healthcare cost, education cost and etc.
Banks have thrown out Americans out of their homes instead of lowering their principals and recognizing that it was a bubble. Instead of doing that banks have been bailed out by American taxpayers and have sold those foreclosed homes to Wall Street Crooks and various speculators. Think about this for a moment. We have allowed those failed banks to survive and exist today but we have thrown out ordinary Americans out of their homes by not being able to make a mortgage payments on those overinflated prices. So if banks can't make their obligations or being solvent taxpayers had to bail them out, but when certain taxpayers couldn't make their mortgage payments and when they asked for loan modification and principal reduction that wasn't possible and they had to be thrown out of their homes. Yes, the same homes that were later sold for nothing on those foreclosure auctions and sold to various speculators.
This is what happens when you have Government and Wall Street Crooks in bed together against interest of majority of our citizens, especially consumers. This is an example of crooked and criminal society and criminal system that rewards Shysters and Con Men. Yes, those are our winners today.......Shysters and Con Men!!!
But Mother Nature will make sure that this will end soon as well and that we flush those Shysters and Thieves thru the sewage system. No human can ever outsmart the Mother Nature. Nice try, but our fools at the Fed together with Wall Street Crooks and all other Con Men will fail. How mentally insane do you have to be in order to do what has been done since 2001, especially since 2008.
in the mean time those who wanted to succeed found ways , despite the sky is falling prophecy of yours .
Yes and I am deluded. Then again over the past 8 years or so my net worth has almost tripled and I have been retired for most of that time. My daughters are deluded also since they have good jobs and are pulling in good incomes. A great many businesses are also deluded. Growth may be slow but they are making good profits.
There is one loose end I always wonder about. The forum seems to attract a few true sky is falling pessimists. After a while they give up and leave the forum. None of their predictions happened. I wonder if they truly leave or just come back with a different user name.
The forum seems to attract a few true sky is falling pessimists.
It's not that they are pessimists. It's that they think the 'savings account' and earning interest on it is sacrosanct while every other form of investment and the earnings they return are fraudulent.
Yes and I am deluded. Then again over the past 8 years or so my net worth has almost tripled and I have been retired for most of that time. My daughters are deluded also since they have good jobs and are pulling in good incomes. A great many businesses are also deluded. Growth may be slow but they are making good profits.
There is one loose end I always wonder about. The forum seems to attract a few true sky is falling pessimists. After a while they give up and leave the forum. None of their predictions happened. I wonder if they truly leave or just come back with a different user name.
The exact same thing I heard from those fools back in 2006/2007. Very soon you will be worrying about your own life and survival only. We as a country, we a BROKE. Someone is gona have to pay all this debt. If not you then certainly your kids and grandkids will.
I say we should man up, take our bitter medicine and go thru dark forest of Depression, but people like you, you want to prolong few more years, you want to keep adding and spending mor debt, people like you have destroeyed our kids and grandkids future, have destroyed our country's future because of your stupid and phony inflated paper net worth and personal GREED.
The exact same thing I heard from those fools back in 2006/2007. Very soon you will be worrying about your own life and survival only........
When "very soon" comes and goes without your dire predictions, will you please move on? Don't forget your history of dire predictions sits in the forum archives, with weeks turning into months and then years. Very soon never seems to happen.
When "very soon" comes and goes without your dire predictions, will you please move on? Don't forget your history of dire predictions sits in the forum archives, with weeks turning into months and then years. Very soon never seems to happen.
Oh it's going to happen. What is NOT going to happen and what I have been telling all of you here is a real economic growth. Where is it????? It's impossible to grow economy with all this debt that we carry. But you people keep hoping , keep waiting for a miracle. Nope, it won't happen.
Unless we go thru Deflation and Depression first there can't be any real economic growth. You see, you can't fool Mother Nature. Those fools at the Fed should know that by now. They are still fighting the same war that they lost almost 100 years ago.
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