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The article is somewhat biased (definitely biased against the “economic elite” – can’t say I blame him) but the data cited is nothing short of alarming, especially the per capita incarceration rate. This really presents a good picture of America today, assuming the data is accurate...

If you study advanced economies that have risen and fallen there is always one common theme -- too much debt. The US is going head first down this path and it will end badly. If you buy a car and lose your job you have to sell the car at a significant mark-down. If a bank makes a loan and the...

That's a good point, but that requires a meeting of the minds or a middle road. Yes, the attorney pulling in 6 figures can pay off the debt but the average person working for the man may get caught in the trap. There are more average Joe's up to their ears in student loans than there are...

Unfortunately, this was part of the new bankruptcy laws that went into effect in 2005. The banks saw this coming and lobbied Congress to make student loan debt excludable from bankruptcy filings. Although, if you see problems repaying your student loans early enough is there a way to get them...

This is exactly the reason why the cost of a college education has accelerated so quickly. When I started in college I paid in cash and the University would let me roll 25% of the tuition forward to the next semester but they wouldn't issue my degree until my balance was paid in full. I didn't...

I would not touch a platform for trading futures that didn't have a "trade out" or "get flat" button. This would have solved the OP's problems.

I have been trading with IB for many, many years and I absolutely, positively would not trade futures with their platform. In fact, I don't think their TWS platform is all that good for trading stocks if you are getting in and out fast. I don't scalp stocks so for me the TWS is acceptable. If...

I won a trading contest among a group of trader friends with a demo account. I turned 100k into 2.2M in a few weeks. I'm a <b>HUGE</b> trader when I'm in demo :D I switched to real cash and well....ummm....ahhh....well....let's just say I didn't make a million bucks. Go hit the live button...

You took the words right out of my mouth. How much better off would the country be if some of that $600B+ of the defense budget were spent on health care and education? The Banks own the US and as long as that is the case money will be spent where Banks can earn the most profit. It's in the...

Something like this happened to me a few years after I started trading and I wish I could say that I only lost $10,950 :( I immediately got back in the saddle and got back to profitability but a similar thing happen about a year later but this time it shook me pretty hard. I had to take...

Have you ever seen a cheap stock become more cheap? It happens all the time and if the long-term prospects for the company are good then adding to the position is the right thing to do. Buffett has made a pretty darn good career with this method. Toyota ain't going out of business and the...

Which would probably lead to succession. Let's hope they try it.

This is an idiotic statement made by China, assuming the article is accurate. If China decided to attack the US economy they'd be shooting themselves in the foot. 90% of the stuff in my house has the label, "Made in China." Wait a minute....let me check my drawers....Yep! Even my damn...

But now you're assuming Rogers traded in the direction of his predictions and seeing as he has performed pretty well over the past 20 years I'd think he has not. Yes, timing is important but it doesn't have to be perfect and even those who see a bearish event can have an open enough mind to see...

He has <b>not</b> been wrong for 2 decades, he has been <b>right</b> for 2 decades. If a scientist were to say another massive earthquake was going to occur along the San Andreas fault but it didn't happen for another 2 decades would you say this guy was wrong for 2 decades? No one can predict...

Looks like we're getting close to hitting the reset button.

Martinghoul, you indirectly point out some problems with our political system, namely the 22nd Amendment. Because a President and Congressmen have to run for re-election frequently they are forced to campaign and vote for short-term goals rather than long-term ones. If the voters aren't...

Hey BuyLo, you're back! Dude, don't go and leave ET like that again and make me have to start reading journals and other happy go lucky shit. I want a steady flow of the real news. :mad:

No, I don't think they will confiscate 401(k)'s or IRA's for the reason you stated and for other reasons but I do believe they are going to phase out the 401(k) and IRA and replace it with an employer and employee sponsored national pension plan for <b>future</b> contributions. There will be...

It's pure insanity. The Government is doing what caused the financial crisis -- using another credit card to pay off an existing credit card except that new credit card has a higher credit line and they plan to run it up. The money creation backing that new credit card is you and I. When that...