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    Obama Hires Paul Volcker

    A dollar in 1913 when the Fed was created is now worth 5 cents. There's your inflation. Crude was at $25 a few years ago. Do you not remember when it hit $147? June had the highest CPI in years. We all know the method for calculating the CPI is bogus. They should just use the money supply to...
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    Obama Hires Paul Volcker

    1. I said I read Volcker was instrumental in taking us off the gold standard. The gold standard kept the inflation in check because you can’t print more money. Taking us off of it allowed all of the inflation to be created. Then we praised him for curing it in the 80’s. Why don’t we just...
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    Obama Hires Paul Volcker

    How come when I mention this idea on ET, that inflation is a tax on the poor and isn't fair, I am called a socialist or told by Landis82 to turn my brain on? Inflation is the most evil economic sanction against the poor. I hope housing prices continue to crash. Maybe one day I can actually...
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    Obama Hires Paul Volcker

    1. You can't have inflation unless there is an increase in the money supply. The Federal Reserve controls the money supply. How are they not responsible? 2. Tim Geithner is a part of the Federal Reserve, which created this problem through artifically low interest rates under Greenspan...
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    Obama Hires Paul Volcker

    I just read that Volcker played a big role in the US stopping the gold standard. So he stops the inflation that he created and we talk about how great he is? The same goes for the new treasury secretary. He created the mess we're in, now we are hiring him to fix it. What change is Obama...
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    Ok so the strategy is to print dollars to get out of this mess...but...

    There have been a few times on ET that I have suggested that perhaps the little guy shouldn't be screwed so much. That either we should stop printing up money, or companys should pay people more to make up for the higher cost of living. Usually when I mention fairness I am usually told I'm a...
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    In defense of GM, Ford

    Well, actually they did invent the car, at least the first commercially viable one.
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    In defense of GM, Ford

    People like you really piss me off. You wonder why people vote Democrat. They work their ass off and at the end of the day they have nothing to show for it. It all goes to bills. Cost of living is always increasing, but wages never increase unless companies are forced to. They see the rich...
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    In defense of GM, Ford

    I think what you're trying to say is that if the free market dictates you get low wages, it doesn't make it right that employers pay that. I agree with you on that. I deliver pizza right now. I use my car and pay all associated expenses. To my employer this is worth $4.50 an hour plus 86 cents...
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    In defense of GM, Ford

    In my opinion, the problems plauging the big 3 auto manufacturers have very little to do with unions, high gas prices, price competition or government mandanting standards. It’s pretty simple, the only people who buy American cars are whites and blacks. You will never see an Hispanic, Asian...
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    How do you stop deflation?

    Why would the little guy loose his job? What’s the unemployment rate in Zimbabwe? Why do we have this notion that unless we print money like crazy the economy will crash? We keep hearing that we need to let businesses get loans so they can by products and pay employees (i.e. print more money)...
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    How do you stop deflation?

    Why would you want to stop deflation? It gives the little guy a chance to catch up. Our worthless fiat currency got us into this mess, now you want to fix the problem by creating more of it. I have a solution to the budget deficit, cut spending. We can start by ending the war, stopping our...
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    Automating with Sterling Trader Pro

    I haven't been able to get any automation working at all. I used the sample excel code earlier, but when I push the send button, nothing hapens. None of the samples from Sterling are working. I tried the Sterling Time Slicer, but I get an error message, "ActiveX API not enabled." I asked my...
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    Baltimore-Washington DC Traders

    I'm in Gaithersburg, MD.
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    Gas Prices 1.61 in Oklahoma!

    Isn't it amazing what happens when the Federal Reserve looses complete control of the economy? If King Henry and Bernankrupt had their way, everybody but the little guy would be getting their own printing press. Instead banks are afraid to loan money, so the dollar is having a massive rally...
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    Part Time Jobs for Traders

    I'm sorry here is the correct link. http://www.elitetrader.com/vb/showthread.php?s=&threadid=143114
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    Part Time Jobs for Traders

    I do have a high win %. I have discussed this in another thread, http://www.elitetrader.com/vb/showt...threadid=143114
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    Part Time Jobs for Traders

    I'm sorry I didn't mean to belittle your idea. Taking small profits is perfectly fine, but you have to know when to take the loss.
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    Part Time Jobs for Traders

    Wow someone giving me advice instead of ripping me apart. Thank you. I have worked many 80 hour weeks in my life. Almost every dime I’ve ever invested was from deliverying pizza. I just started trading with a prop firm and get plenty of buying power. I’m trading just 100 shares until I am...
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    Part Time Jobs for Traders

    Be careful who you make fun of. I guy with no experience whatsoever, has accomplished just about nothing in his life, and hasn't showed up to work half the time for the past 4 years, just got elected President of the United States. One of us losers might just run for public office one day...
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