10 reasons Wall Street will hit bottom, crash - MarketWatch
Yes, Wall Street will crash. Has to. They’re gambling addicts. Dodged the bullet in 2008. But learned nothing. Now killing reforms. Teamed up with the Super Rich, CEOs, lobbyists, and crony politicians. It’s only a matter of time.
Yes, they’ll crash, again. No matter how anemic the recovery. No matter how much more debt they pile on taxpayers. No matter who’s president. Crash.
Yep, it will tank. Obama and his minions will see to that. Why do I feel a sudden urge to write "the end is near" on a piece of cardboard, and walk around downtown with it?
The collapse is not to be feared...it is to be embraced as the new dawn for humanity...
I have to agree, first; no socialist/communist system has EVER suceeded in the world. Second if you look down at my sig which I have had since 2008 when I joined it says exactly what the government is trying to do. We CANNOT fix our problems by putting everyone in America into poverty with the false promise everyone will e equal because it's a lie. We all will break, we will run out of money for our living expenses, we will not be able to sustain anymore mandated insurance burdens, or license burdens, we will not be able to afford food, and there will be riots in the street. We have pushed all our good businesses out of our country. Lost our domestic jobs to illegal trespassers because of bleeding hearts, and I believe a total failure is what it will take to change the future of the USA.
Saving the empovershed by empoverishing their counterparts will empoverish the whole.
Well, a few hybrids that mix in some Capitalism manage to get by, and one or two have lasted a while without collapsing. However, you are right, no purely Socialist, or Communist system has ever worked out in the long run. They always collapse as soon as they run out of money or resources to steal, and are usually endlessly bloody. Unfortunately, Obama and his soon to be goose stepping minions, still wants to give it a try.Quote by: ironeagle
The foundations have been laid for the next crisis of capitalism; the next one very well may bring the entire capitalist system toppling down. I can only hope that what follows will be more benign.
But truth, Hajjaj was convinced, held many layers.
"no socialist/communist system has EVER succeeded in the world."
......sigh....of course....that goes without saying. But aren't there a few other things that go without saying....
no Free Market system has EVER succeeded in the world.
no Dictatorial system has EVER succeeded in the world.
no Representative Republic system has EVER succeeded in the world.
no Supply/Demand system has EVER succeeded in the world.
What in the world do you mean by "succeeded"? Do you mean, "didn't ever fail?" because 99% of all nations and economic systems that have ever existed have fallen and....news flash.... most of those economies have been free market economies.
Do you mean “lasted a long time?” Because most countries on earth are less than 200 years old, and the oldest country on the planet is Ethiopia, and we really don’t wanna call their economic model a “success” do we?
Do you mean “Still around and powerful today?” because if that’s the case then most of the powerful nations in the world today range from slightly socialistic to extremely socialistic, and there isn’t even a totally free-market first world country that exists.
So when you say, "no socialist/communist system has EVER succeeded in the world." You are going to have to tell me what in earth you mean by “succeed”.
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The market will probably crash. It is the same old story
over and over. The basis of every crash is excess debt.
It is the unwinding/defaulting of bad debt that brings
on economic crashes. It is not really a failure of capitalism.
In fact most crashes are fixed by letting the system
return to capitalism, and governments imploding that
set up the excess debt which leads to the crashes.
Every failed government/system you have witnessed
for the past 50 years all had the same problem, excess
debt. When they crashed and the debts defaulted
countries that returned to capitalism boomed again,
like Chili did when they crashed their system many
years ago. They reduced government by 90% when
they crashed. They had to because they could not
borrow any more money to keep the socialistic
excesses alive. This was not capitalism causing
the crash, it was excess debt, government in that
case and in most cases.
Occasionally a crash happens where private debt is
the cause, these crashes heal themselves almost
instantly if government does not come in and try to
save it. The crash of 29 is a good case in point.
Government stepped in to over ride capitalism and fix
it. The result, was that they kept the country in
depression for 10 years, whereas previous debt
crashes healed themselves in a couple years. The
only thing that changed was that ownership of
property changed when owners could not service
their debt.
The only thing you have to do to eliminate crashes
is to stop excess debt. Don't allow margin on stock
purchases, of if you do, make it a very low amount
that can be borrowed, like maybe you have to put
up 80% of the stock price. In our latest problem
the government actually built the problem by forcing
government action that allowed mortgages for people
with no credit to buy homes. The mortgage melt down
is the basis of our present melt down, and it was all
mandated by government programs. Then on top
of that, you have the government never having
balanced their budget for the last many decades.
Eventually the debt load becomes too large to service
and you have the crash, like is rippling through
Europe today. Capitalism did not bring on any of
these melt downs you are witnessing world wide.
No, in all these, the government imposed borrowing
massively and the result will be crashes.
I guess that the best way out of this economic status is to let people borrow more. If they all paid back thier debts - let's say they did - then everyone would have zero money. That cannot work, can it? So, let them borrow more! This creates money out of nothing, and then people are working to pay off thier debt, well, not people, but companies.
How could it crash? Too much being borrowed? No! That would lead to more credit, and credit everywhere makes money. If the credit was to spiral out of all proportions, they simply write it off and forget about that aspect of being owed.
Let's say that a company owes one billion dollars, and cannot borrow anymore. It is completely sold off in stocks and it folds. These people recieve no money, and the banks they owe money to recieve no money. If they were to liquidate, hey, there are still assets. Machines used for making cars are still there, ready to be bought. So, the system survives, not the people. This is what we want! Let them borrow up to their ears, just remember that money owed to the banks remains on their records, so they don't suffer, instead the people suffer. But how do they suffer? Well the people working for the excessive companies will be replaced or fired, the boss will go into a bit of debt, but it was ther responsibility to spend the money they had, so no love lost there. People or consumers will benefit from new comapnies and new competition, as if say, bmw were to die off, that would leave a lot of factories, not owned by the same company, instead we will see like five new automotive brands, all competing for the money of the people.
So, let them borrow! Die! Who cares? The system will go on, the people will be replaced, the consumers will benefit. They are paying back the loans to the state. If they cannot, then they liquidate, get some capital out now to the state, and then the state will have actual money instead of make believe loans owed to it. Where did that money come from? It came from the tax payers. Where did it go? It went to the companies. Where is it now? It is gone, meaning the loans are not payed back? Well, if the loans are outstanding, then the money will be in tha hands of the stock holders, and that means, that, the stock holders are short changed, the state is short changed, and the people are short changed. Of course though this is all imaginary, as is credit, so the money that never existed will be gone. If the state suffers the people suffer, but, if you were to acknowledge that they benefit from new companies, or are hasseled by old ones raising their prices to pay back the loans, then they would be paying twice! They would pay for the loan, then the repairs to the company. The quicker they crash the better!
When the state lends money to the companies, it will just suck it out it's thumb. If they make people pay for it, then they are acknowledging it. If they loan money out and forget about it, then it is fine. If they were to lend billions to each company, then they would succeed for a while, but it is better to see them crash. This is similar to predation, another wonder of nature. When the predators in a area get too successful, they die off as the prey replenishes. BY letting the companies lend money, they are letting the predators or prey have some breathing space, keeping the predators alive until the prey comes back in froce.
So, who owes who? The tax payer cannot pay twice! Why don't the citizens set up a fund where the comapnies can lend directly from the people? This will hold them acccountable. If they are accountable to the state though, it came from nowhere, so to see it paid back is like saying that everyone owes them for their imaginary lending. If the company pays them back, or not, should not be the issue.
You might say that inflation will become a factor? Well, if only the state creates money, it won't be, as then no money finds it's way to consumers, hence no inflation. The state should go crackers!
!! Going to my destruction !!
Lies, America a capitolist nation did not start failing until socialis started ruining it, so one could say mixing capitolism with shots of socialism is ruining America, but since also no socialist nation has worked either and ours did until shot with socialism I can only conclude capitolism does work until the socialist ruin it.
Saving the empovershed by empoverishing their counterparts will empoverish the whole.
China, Cuba, Venezuela, Sweden, Norway, Finland. Yep not one.
And yet you would be able to see that wages for the majority have stagnated since Reagan was elected. That bastard socialist.Second if you look down at my sig which I have had since 2008 when I joined it says exactly what the government is trying to do.
What a load of shit. And what does any of this have to do with socialism???We CANNOT fix our problems by putting everyone in America into poverty with the false promise everyone will e equal because it's a lie. We all will break, we will run out of money for our living expenses, we will not be able to sustain anymore mandated insurance burdens, or license burdens, we will not be able to afford food, and there will be riots in the street. We have pushed all our good businesses out of our country. Lost our domestic jobs to illegal trespassers because of bleeding hearts, and I believe a total failure is what it will take to change the future of the USA.
You know, Paul, Reagan proved that deficits don't matter. We won the mid-term elections, this is our due. : Dick Cheney
That is complete and udder BS...What do you mean our country did not start failing until socialists started ruining it....lol...When exactly do you think socialists started Ruining it...Before the collapse in the late 1800's or was it just before the Collapse in 1929...It could easily be argued that our System never would have worked without slavery giving it a boost in the Beginning and of course the whole Free Land thing...But I did not mean to burst your Image of America as the Country of such Greatness...or the idea that our Form of Capitalism is somehow Better than what others are doing or have done...our system is just as failed as any other...just in different ways...Capitalism has only worked because it has always has a supply of easily manipulated people to feed it labor...Capitalism has only worked by taking advantage of other less advantage people...first by force and now by economics...forced labor for Food...Wage slavery...
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