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06-07-2014, 08:19 AM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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What's up
We now have more people employed tha before the recession but mostly in poor paying jobs.
Wall St. looks to either break 17,000 or go into the toilet.
The Fed is holding interest rates artificiall low - hurting senior citizens the most.
So what is responsible for this?
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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06-07-2014, 11:47 AM
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Banned
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Join Date: Jan 2014
Posts: 4,454
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Quote:
Originally Posted by merrylander
We now have more people employed tha before the recession but mostly in poor paying jobs. We added around 2 million more people to the working age in that time also. So persentage wise we are down.
Wall St. looks to either break 17,000 or go into the toilet. Everybody chears these records, the fact of inflation needs to weigh in and population growth. Plus the QE suggar rush on the market, Just because there is more dollars in serculation doesn't mean there is any more value/ purchasing power,
The Fed is holding interest rates artificiall low - hurting senior citizens the most. No hurting everyone that hold fiat currency. And earns it for that matter when your wage increas is based on inflation. When interest rates or lower than inflation the banks are robbing you.
So what is responsible for this?
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Banksters Government Working hand in hand to to rob use blind untill the fiat currency collapses.
Last edited by 4-2-7; 06-07-2014 at 11:50 AM.
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06-07-2014, 12:40 PM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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Well I am quite certain the boys in the big casino in lower Manhatten are up to summat
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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06-07-2014, 12:44 PM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Quote:
Originally Posted by merrylander
We now have more people employed tha before the recession but mostly in poor paying jobs.
Wall St. looks to either break 17,000 or go into the toilet.
The Fed is holding interest rates artificiall low - hurting senior citizens the most.
So what is responsible for this?
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The DOW is high, in part, because of the low wages.>>>>The "investor class" is seeing wealth transferred up the chain from the working poor.
The FED is attempting to stimulate consumerism by holding down interest rates. It isn't working because even people who are working, but perpetually broke anyways, cannot afford any more debt whether the interest is 20% or 0%.
It's class warfare, Rob. And the "little people" are losing. In many cases fighting diligently against themselves, because they don't believe "class warfare" exists.
So, obviously giving tax cuts to billionaires and corporations who find ways around paying them anyways, is the only sensible answer.
Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
Last edited by BlueStreak; 06-07-2014 at 12:48 PM.
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06-07-2014, 12:50 PM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Quote:
Originally Posted by 4-2-7
Banksters Government Working hand in hand to to rob use blind untill the fiat currency collapses.
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Wrong as usual.
Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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06-07-2014, 12:53 PM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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We now have more people employed tha before the recession but mostly in poor paying jobs. We added around 2 million more people to the working age in that time also. So persentage wise we are down.
Wall St. looks to either break 17,000 or go into the toilet.Everybody chears these records, the fact of inflation needs to weigh in and population growth. Plus the QE suggar rush on the market, Just because there is more dollars in serculation doesn't mean there is any more value/ purchasing power,
The Fed is holding interest rates artificiall low - hurting senior citizens the most. No hurting everyone that hold fiat currency. And earns it for that matter when your wage increas is based on inflation. When interest rates or lower than inflation the banks are robbing you.
Blah, Blah, Blah...................
Nope, guess again.
Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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06-07-2014, 01:10 PM
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Persona non grata
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Join Date: Oct 2013
Posts: 12,654
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Quote:
Originally Posted by BlueStreak
The "investor class" is seeing wealth transferred up the chain from the working poor.
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I'm seeing it here in the real estate market.
The market is in the tank, but the majority of sales in this area are going to cash buyers. There are people out there with big wads of cash buying them up. My house is going to a cash buyer. For $15,000 less than I paid for it 10 years ago, and I think I did well. The Real Estate Agent I used told me that every house sale he has had so far this year has been cash.
__________________
"The enemy of my enemy is my friend."
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06-07-2014, 01:13 PM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Quote:
Originally Posted by Tom Joad
I'm seeing it here in the real estate market.
The market is in the tank, but the majority of sales in this area are going to cash buyers. There are people out there with big wads of cash buying them up. My house is going to a cash buyer. For $15,000 less than I paid for it 10 years ago, and I think I did well. The Real Estate Agent I used told me that every house sale he has had so far this year has been cash.
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Probably why the bastards drove it into the tank to begin with?
Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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06-09-2014, 03:56 AM
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Senior Member
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Join Date: Feb 2011
Location: San Diego California
Posts: 3,261
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Quote:
Originally Posted by BlueStreak
Probably why the bastards drove it into the tank to begin with?
Dave
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You act as though there's someone behind the scene pulling levers. The only problem is there isn't. In fact, Obama is under the sheets with big finance and I'll bet he shant becoming out anytime soon. I can hardly wait to see how much he gets on the lecture circuit.
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Dear Optimist: Unless life gives you water and sugar too, your lemonade will suck.
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06-09-2014, 08:42 AM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Quote:
Originally Posted by bhunter
You act as though there's someone behind the scene pulling levers. The only problem is there isn't. In fact, Obama is under the sheets with big finance and I'll bet he shant becoming out anytime soon. I can hardly wait to see how much he gets on the lecture circuit.
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No. There doesn't have to be anyone "behind the scene pulling levers" when the problem is systemic and excepted, yet damaging behavior. It's called "avarice and greed." You know; "The only thing that matters is my personal accrual of ever more wealth, even if I have to screw millions of people to get it."
And, then you follow that statement that no one is "behind the scene pulling levers" by claiming "Obama" is "behind the scene pulling levers".
Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
Last edited by BlueStreak; 06-09-2014 at 08:50 AM.
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