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Old 08-08-2011, 01:37 PM
 
Location: SC
9,101 posts, read 16,455,677 times
Reputation: 3620

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Quote:
Originally Posted by Chromekitty View Post
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.
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Old 08-08-2011, 01:43 PM
 
Location: Mississippi
3,047 posts, read 2,825,889 times
Reputation: 699
Obama knows what to do he will have another Hip Hop party at the White Crib.
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Old 08-08-2011, 01:45 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,868,498 times
Reputation: 2519
15 minutes to go....down 568 points.
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Old 08-08-2011, 01:45 PM
 
17,815 posts, read 25,634,677 times
Reputation: 36278
Quote:
Originally Posted by emilybh View Post
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.

But they know all about Harry Potter.

You expect them to understand basic economics?
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Old 08-08-2011, 01:48 PM
 
Location: La lune et les étoiles
18,258 posts, read 22,530,120 times
Reputation: 19593
Quote:
Originally Posted by oz in SC View Post
15 minutes to go....down 568 points.
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.
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Old 08-08-2011, 01:50 PM
 
Location: SC
9,101 posts, read 16,455,677 times
Reputation: 3620
Now we are at 605 points down and the S&P is down 77 at 1120
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Old 08-08-2011, 01:50 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,868,498 times
Reputation: 2519
Quote:
Originally Posted by calipoppy View Post
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.
As long as you don't whine or blame others if it doesn't bounce back...
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Old 08-08-2011, 01:53 PM
 
Location: Mississippi
3,047 posts, read 2,825,889 times
Reputation: 699
It is better to put your money in Greek Bonds than Obama's socialist driven economy.
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Old 08-08-2011, 01:54 PM
 
Location: Florida
33,571 posts, read 18,157,975 times
Reputation: 15546
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.
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Old 08-08-2011, 01:54 PM
 
29,981 posts, read 42,930,375 times
Reputation: 12828
Quote:
Originally Posted by calipoppy View Post
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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