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Great post! And don't forget greenspan says the US will never default, they can just print more money.
Yeah a lot of good THAT will do. That is what Bernanke has BEEN doing and all it does is pay creditors back with dollars that buy half as much as they should. China has made it clear they won't take our dollars so maybe we'll start to see Walmart shelves a little more sparse.
Also when they print money it creates inflation for all of us. That is JUST what we need like a hole in the head -- even HIGHER prices for food and gas. Oh great! Meanwhile the elites abscond with our money! Congress, except for Ron Paul is incapable of doing anything about it. Most of them are as dumb as the sheeple they represent. They believe the lies of Ben Bernanke too.
Well I guess the market came back and was down only 470 but now back to down 517.
If more Americans understood basic economic concepts, Congress and the Federal Reserve wouldn't be able to get away with so much thievery! People are SO GULLIBLE. People need to get it through their heads that the so called experts are LYING. The economy is NOT stimulated by spending money you don't have. DUH. If you have no money but have credit cards, do your financial affairs improve by maxing out your credit cards???? Of Course not-- but that is what our government is doing. Get it now???
Most Americans(and especially those under 25) can't name the three branches of the US govt.
Tomorrow they will buy the bargains putting the market up early but they may fall after that the investors see the market goes down. I mostly cashed out already. I was not heavily invested anyway. I put money into real estate.
Got all of my purchase orders in because I didn't want to miss out on this great "sale"....time to stock up during this buying opportunity.
A bit premature IMO.
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