Quote from simon1080:
bla bla bla.
Rome fell... Persian empire fell... British empire fell... Soviet Union fell... If you think we're not going to.. your an idiot.
Its only a matter of time ... but the thing is so what?
You'll still have your family.. and your home and most likely a car and places to go.
Its not a nuclear explosion for christs sakes where we become extinct.
So you wont get to travel around the world .. sipping on champaign in your "early retirement".
Fu*&^ off you spoiled f*&ks.
its greedy son of a bitches like you "I want it all" mentality that got us into this mess in the first place.
If majority of the elderly around the world have to work to the age of 80 to feed themselves.. so can you.
Quit bitching ... either you .. or people around you elected this government .. now you pay for it.
simple as that. Deal with it.
Agree 100%.
The Market is not a slot machine that pays endlessly.
The American Public has been duped (yet again) by the broader financial Industry that Stocks promise endless pastuers of milk and honey.
The Market is a raging beast that is Governed and Directed by Forces much larger and more self-interested than the simple-minded Public could even contemplate.
The Federal Reserve, Money Supply, Asset Inflation and Real Returns constitute grade 1 diction not even in their lexicon.
Unfortunately, the Public will take it up the ass yet again and their pensions and 401k's foolishly leveraged 100% in DJIA Etf's or NAZ stocks will get raped by Real Traders who know the score.
Americas standard of living has been in decline for a while. And will continue to do so.
Either way, the Market Economy is fundamentally screwed. Plunge Protect the DOW to 15K and consumption will fall off as Gas and Bread goes through the roof. Or let the market revert to mean, crash, and Mom and Pop work till their 85.
Still, we've got 60 Trillion in unfunded liabilities nobody wants to even broach.
This is what happens when Citizen Statesmen turn into sheep and relegate their stewardship to lifelong Politicians who only care about re-election.
These are the same politicians that assume the FED has a reserve and use it Liberally when any contrived crisis or war threatens their popularity.
Solving every Moral Hazard, with a Larger Moral Hazard will ultimately bankrupt the Country.
Only so much money can be printed until critical mass is reached, bonds are dumped, dollar tanks, debt financing goes to zero, inflation through the roof, debt interest consumes >100% of tax revenue.
Then we'll be really fucked.
The answer to this mess is not another Moral Hazard.
The answer is to let everyone go tits up - Banks, Wallstreet, Mortgage peddlers, and 401K Pensioneers sipping on Pena Colladas in their ratty 2-bedroom in boca Raton.
Both business and Joe Public investors need a serious beat down to ever prevent this kind of shit from happening again.
Every couple Generations, the Market needs a good house cleaning to remind future generations not to fuck around with it.
Caveat Emptor.