Obama Warns of US Market Crash on Monday

Quote from bearice:

Somebody tell that idiot Obama that 3 billion people survive on $2 every day.

Forex transactions are $4 Trillion every day or $1,100 Trillion every year.

World stocks markets transactions maybe $1 Trillion or $2 Trillion every day (not sure).

Stock markets is not USA economy and world economy. Why did Obama give $9 Trillion bailouts (whatever) which was directed to save stock markets because of which now the whole world society is in serious trouble and suffering everyday.
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Lol @ above comparison. Stock market: 2-3X leverage. Forex market: 50X leverage.

Forex transaction: $4 Trillion/day.
Stocks: $1-$2 Trillion/day.

Which is more important in terms of actual trader's capital needed to place trades?
 
Buy the dips as they will not let the US default, the debt ceiling WILL BE RAISED by AUGUST 2nd 2011. Sit back and watch markets dip only to rally to new highs above SPX 1370 by the time the debt ceiling is raised.
 
Quote from Betapeg:

How is this Obama's fault? Congress is the one who passes budgets. And most of the debt was incurred by big business loving Republican rule. From 2000 to 2006, the Republicans had the White House and both houses of Congress. What happened to the Clinton surplus during that time?
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Liberal lie! There was NO SURPLUS during the Clinton era...keep repeating that until you understand it is the truth! The Social Security "trust fund" was used to "balance the budget" during the Clinton era. Understand that - there was no "surplus" without using accounting rules that would be prohibited to the general public! Even then...Clinton's "balanced budget" was only under Republicans in the house and senate!

Did the republicrats (sic) raise up a lot of the debt? YES!!!! Have the demicans (sic) raised up the debt a lot as well? YES!!!!

The elite have bought off both parties. The elections are fraudulent. A guy neither fit nor eligible to be in the office is "the president." http://puzo1.blogspot.com/2011/07/obama-cannot-be-natural-born-citizen.html The US Constitution is ignored!

The elite now SELECT our president...probably have for over 50 years!
 
Quote from pattern39:

Lol @ above comparison. Stock market: 2-3X leverage. Forex market: 50X leverage. Forex transaction: $4 Trillion/day. Stocks: $1-$2 Trillion/day. Which is more important in terms of actual trader's capital needed to place trades?
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Everyday food and other products and services everybody buys is basically Forex because forex means currency trading.

World GDP is $70 Trillion every year. So Forex capital is also $70 Trillion every year.

I do not see stock markets anywhere near Forex trading.
 
Wall Street Prostitution Ring

17 people have been indicted "on charges of running a high-end prostitution ring that catered to Wall Street clients who often spent more than $10,000 in a night," according to Reuters, via Zerohedge.

The illegal ring, which is called High Class NY, earned its overseers more than $7 million over a three year period.

High Class operated 24 hours a day from Brooklyn, and catered strictly to "high-end customers coming from the financial markets," many of whom were hedge funders.

One client "dropped a stunning $170,000 for its steamy services," the New York Post reported.

Services cost clients anywhere between $400 to $3,600 an hour, Reuters reported, and clients were reportedly even provided with cocaine.

http://www.businessinsider.com/17-b...street-prostitution-ring-high-class-ny-2011-7

Obama is one of the biggest supporter's of Wall street and stock markets.
 
Quote from bearice:

if the political battle to raise America's $14.3 trillion (pounds 8.8 trillion) debt ceiling is not settled.
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We will Impeach Obama if he follows the Constitution: Republican Congressman

If August comes without any deal the debt ceiling, the Treasury will state it doesn't have the revenue to pay our obligations, we have 3 basic choices

1) Default on all our debt

The Treasury believes this is the only option, as they can not pick and choose which programs to fund, nor do they have the people necessary to dole out selective payments

Even Fox News has said this will cause a world-wide depression

2) Default on some of our debt

President Obama could take control of the entire federal revenue, and spend it on the programs he fancies, such as keeping Medicaid, Welfare Programs and Debt Interest payments, but ending Defense Contractors and most of the military

This would be a huge grab of executive power, and Obama could basically do whatever he wants

3) Default on none of our debt

Since this decision would come to the President when the Treasury asks him what they should do, he could decline a large executive power grab or a total default, and then use his presidential power to follow the constitution, which states:

Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned

The Courts have ruled that this provisions applies to all federal debt and obligations

So he would inform the Treasury that the United States will not default on its debts and that they need to pay everything in the last budget passed by the Congress

A Congressman has said if he picks 3, he'll be impeached, would you support impeachment, and convict?

http://forums.offtopic.com/showthread.php?t=4799508

Congressman Asserts Potential 'Impeachable Act'

http://westashley.patch.com/articles/congressman-asserts-potential-impeachable-offense
 
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