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Actually you can go decades with the two tough kids, picking on weak opponents. That tends to work out a little better for both sides, IMO (unless you're the weakling country that gets it's but kicked...lol)

Wars are almost always fought over finances (sometimes ideology). Whether it's for natural resources, debt, tax expansion, etc countries will often make moves that they feel will benefit them financially. They are not always planned events, but happen though a series of events over time...

Just ask around (your city) for a good CPA for your tax prep. My experience with H&R Block is that they are just as expensive and half as knowledgeable. $300 is a small price to pay for piece of mind in tax preparation, IMO.

This may be the outcome. If a reset is to happen, you can be assured that WWIII is just around the corner.

Nothing too earth shattering, IMO. China and the US have been ramping up a cold war now for a few years.

No, but the point is that I seriously doubt that you consider CNBC to be infallible in their reporting and analysis.

Agreed. 99 times out of 100, this poster would likely be bashing what CNBC commentators say. (but since it backs up his theory) It must be 100% true if it was said on CNBC.

I've never understood all of the hatred towards the FED. It's Congress and POTUS that write and sign the budget. These are the people to blame for the state of financial distress we find ourselves in.

Surely you understand there is intrinsic value involved in such as paper currency, contracts, copyrights, patents, goodwill, brand names, etc?

This market's plunge has more to do with a PIIGS default, the unveiling of the new Obama budget proposal and weaker than expected jobs data.

joe123 = kana = mikasa = c-kidd = jasonm = cold I'm sure I'm forgetting a few in there.

Daal beat you to it this morning............. http://www.elitetrader.com/vb/showthread.php?s=&threadid=190060

I am a conservative as well and I do believe in a progressive income tax. I agree that only politicians could lump someone making $250k with someone making $250mm

Good point. These countries do not have the US military in their back pocket, which could be considered a game changer on the government debt front.

This data is consistent with Jay Kaeppel's work on seasonal stock market trends. Basically the market performs best from the last couple of days of the month, through the first several days of the following month. I don't know that this data is a great help for short term traders, but...

It certain makes you wonder, doesn't it?

Yes, that would be the million dollar question. The government is known for backhanded, incremental schemes like you outline. I could easily see this growing into that. First it starts out as a choice. Then it becomes mandatory. Then old IRA/401k's are thrown into the pot. In any...

I agree that this is the most likely scenario. It would be political suicide to try to confiscate for the Dems and the Republicans would have a field day with that one.

kana, you're a real piece of work. I understand what hyperinflation is, but hard assets such as real estate will increase in value during hard times. Regardless of how much gold you own, you will still need a roof over your head.

I understand this, but if the economy is going to hell in a handbasket, I want to be assured I have a roof over my head. It's almost impossible to have a paid for house and live in poverty.