I see an economic diasater coming...

[triffid]

I bought more financial books today from my favorite thrift store.I got an economics course workbook.While I was out I went by a foodbank,picked up some free cookies and two loaves of bread.Seems that there is still help for people in the st.louis area with their electric and gas bills.Its first come,first serve.I think most Americans are clueless when it comes to investing,Goals not too clearly defined,or a lack of knowledge,or something like that.People gotta read.Everythings not on TV.triffid

[triffid]

If you shoot yourself in your own foot,Doctors will treat you so you recover from the wound but they and other people will be wondering about your ability to take care of yourself.

[triffid]

Todays a bad day for a lot of people living on the east coast.Consider yourself lucky today if you are not having to flee a coming storm for your life.Today some 50 million Americans are at risk and financial markets in New York City are closed. http://news.yahoo.com/superstorm-bears-down-us-east-coast-residents-flee-130017590.html  triffid




NEW YORK, N.Y. - Forecasters warned that the New York City region could face the worst of Hurricane Sandy as it bore down on the U.S. East Coast's largest cities Monday, forcing the shutdown of financial markets and mass transit, sending coastal residents fleeing and threatening high winds, rain and a wall of water up to 11 feet (3.35 metres) tall. It could endanger up to 50 million people for days.

[triffid]

Well the election is over.And Obama is our leader again.I was not for Romney.I felt that him winning would drain the rest of the money out of the united states.I felt that Obama would lead us into nuclear war.That reminds to be seen I guess.I talked to one guy about it yesterday and he said hes not afraid of the Russians.So maybe enough people will be afraid of nuclear war to prevent it no matter what side they are on?triffid


Some info on the economy:
Ben Bernake tells Milton Friedman that he was right all along that the FED and not tariffs (Elder Reed Smoot) caused the Great Depression by contracting the money supply. Ben Bernake makes several speeches about how contracting the money supply in a fractional reserve banking system will trigger a depression. and that the FED was responsible for the Depression and not tariffs. Bank of International Settlement Basil I Accords contract money supply in Japan causing Japanese Lost Decade. 2007, Bank of International Settlement Basil 2 Accords limit fractional reserve requirements, and together with LIBOR manipulation, and housing market abuse, triggering the Great Recession. Exactly what happened to Japan happened to the US. TARP, QE2, QE3 are zero-percent loans by the Federal Government used to supply banks with money which they purchase their own stock and are purchasing US bonds which artificially props up the stock market. Sterilization is keeping the money out of the real economy where it can trigger greater inflation.


I read one source that said the feds reduced the money supply by a total of 35 percent which brought on the great depression of the 1930's.

[the_big_m_in_ok]

I bought more financial books today from my favorite thrift store.

triffid:
AFAIK and IMHO, you might need them after the first of the year.
       When Obama was reelected, the possible economic collapse scenarios became fewer, but not any less drastic.

There's a legal fiscal cliff approaching the country after Jan. 1.   3 or 3.5 trillion dollars will leave the economy by program cuts, mainly.   Tax cuts enacted by the GOP will end and then cost many Americans several thousand dollars a year in higher taxes.

Congress and Wall Street, I believe, are not taking this 'fiscal cliff' seriously, as usual.   To their detriment, as usual.

I got an economics course workbook.While I was out I went by a foodbank,picked up some free cookies and two loaves of bread.Seems that there is still help for people in the st.louis area with their electric and gas bills.Its first come,first serve.I think most Americans are clueless when it comes to investing,Goals not too clearly defined,or a lack of knowledge,or something like that.People gotta read.Everythings not on TV.triffid

I'm ready for whatever happens.   Some OU.com Members also may not take this seriously enough, but I've done what I can, myself.

--Lee