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Author Topic: stock bubble  (Read 2431 times)
kathyp
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« on: January 13, 2014, 06:35:34 PM »

http://blogs.wsj.com/moneybeat/2014/01/10/when-does-a-bubble-spell-trouble/?mod=WSJ_hpp_MIDDLE_Video_Top

was going to put this in another thread, but it was already pretty OT.  thought bluebee might be interested.
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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

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« Reply #1 on: January 13, 2014, 11:53:54 PM »

Not a bad article. Not the whole picture either though...
The market is over inflated due to Fed pumping, ahem, I mean quantitative easing. It only takes a mention of reducing the pump to see the deflation occur. Coincidence? I think not.
When does over inflation=bubble? When the investor/market decides. No sooner.
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Quite difficult matters can be explained even to a slow-witted man, if only he has not already adopted a wrong opinion about them; but the simplest things cannot be made clear even to a very intelligent man if he is firmly persuaded that he already knows, and knows indubitably, the truth of the matter under consideration. -Leo Tolstoy
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« Reply #2 on: January 14, 2014, 12:02:27 AM »

Quote
The market is over inflated due to Fed pumping, ahem, I mean quantitative easing.

i think there was some of that in there, but not the main point of the article maybe.  that's been my point though; that there is nothing substantial underpinning the rise in the market.  everyone knows this.  it's just that no one has hit the big sell button yet.
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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

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« Reply #3 on: January 14, 2014, 12:56:16 AM »

Quote
The market is over inflated due to Fed pumping, ahem, I mean quantitative easing.

i think there was some of that in there, but not the main point of the article maybe.  that's been my point though; that there is nothing substantial underpinning the rise in the market.  everyone knows this.  it's just that no one has hit the big sell button yet.

I read the article twice before posting, and again after your response.
No, there is No mention of the Fed creating/perpetuating the 'bubble' just their fear of one occurring. Pretty grievous oversight IMO. But to be expected.
We seem to agree as much as disagree lol. I am embarressed to say how high the market will go(It is a BUYBUYBUY for me. That prediction is based solely on past performance/history. Depending on who you ask it is wise to review the past- Those who don't know history are doomed to repeat it. Or as many rightly say- Past performance is no indication of future returns.

I freely admit I am not a formally educated pundit of any form. But I do educate myself every day. So if nothing else my advice is free smiley
« Last Edit: January 14, 2014, 02:26:35 AM by hjon71 » Logged

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« Reply #4 on: January 14, 2014, 05:22:06 AM »

Oh boy….I've 'tried' to explain this before and was ridiculed……….so am treading lightly here.

The only financial BUBBLE we have to fear are those concerning DEBT, because most of the DEBT, especially debt 'owned' (not necessarily owed) by Banks can never, will NEVER be paid……pssst….it NEVER existed in the first place (student loans and credit cards are a small part). 

Our entire economy is 'faith' based and completely reliant on BUBBLES to enrich the wealthy when the bubbles finally burst.   It was set up to be that way.  OLD NEWS.

Today in modern times, this DEBT is being used to make 'magic' wealth for the already wealthy, thanks to the collusion by the FEDERAL RESERVE. 

There's your bubble (in a nut shell).  Intrigued? 

*****Still too much or too long?*******I tried to keep it short this time…..
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« Reply #5 on: January 14, 2014, 05:46:57 AM »

TBeek, I have some understanding of the "debt-bubble". Which is another entirely different matter, And infinitely more serious. Which is why I am an End the Fed proponent.
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Quite difficult matters can be explained even to a slow-witted man, if only he has not already adopted a wrong opinion about them; but the simplest things cannot be made clear even to a very intelligent man if he is firmly persuaded that he already knows, and knows indubitably, the truth of the matter under consideration. -Leo Tolstoy
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« Reply #6 on: January 14, 2014, 06:28:07 AM »

TBeek, I have some understanding of the "debt-bubble". Which is another entirely different matter, And infinitely more serious. Which is why I am an End the Fed proponent.

Me too!!!!!  I've been advocating the FEDs abolishment for at least 40 years.  That's why the reaction I sometimes get around here is so surprising  huh.  Seems some of us really can't see the forest through the trees.  Wink

And you are correct, our DEBT BUBBLE will make the HOUSING BUBBLE look like a Cake-Walk.  Don't worry though, the wealthy will come out just fine…... shocked
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« Reply #7 on: January 14, 2014, 03:58:46 PM »

Hjon, on this one i think we agree completely.  and there is no doubt that the debt is a large part of the - economic picture.  debt has it's own issues.  in the case of the stock market, it would be iffy right now regardless of the debt because there is nothing real under it.

someone will hit the button and that will be it.  it will be interesting to see what causes it.
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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

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« Reply #8 on: January 14, 2014, 04:31:47 PM »

Hjon, on this one i think we agree completely.  and there is no doubt that the debt is a large part of the - economic picture.  debt has it's own issues.  in the case of the stock market, it would be iffy right now regardless of the debt because there is nothing real under it.

someone will hit the button and that will be it.  it will be interesting to see what causes it.


 applause applause applause  By Golly- I think she's Got (getting) it!!!! applause applause applause  (Not certain about someone hitting a button though, more like a series of earthquakes  Smiley
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« Reply #9 on: January 15, 2014, 12:19:16 AM »

Quote


 applause applause applause  By Golly- I think she's Got (getting) it!!!! applause applause applause  (Not certain about someone hitting a button though, more like a series of earthquakes  Smiley

That is what gets people labeled after stinky body parts.


The market is by its very nature a risk/gamble, some say not unintentionally. Idk huh The underpinnings are naturally shaky at best, nature of the beast. Anyway, how do you think someone post '32 crash would have felt if they were told "In 30yrs the market will be over 700"?
Incredulous?  Probably. But it happened. And can/will rise barring a few probable episodes. I could list them but I think you know.
IF things settle somewhat and panic doesn't happen, in say 20yrs. everyone will marvel at the new high and wonder how it happened. Or it could all come crashing down and America as we know it will be gone.What do I know?
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« Reply #10 on: January 15, 2014, 04:55:40 AM »

Careful hjon71, some might accuse you of acting too smart  Wink 

Once the market is understood for being the illusion it has always been, was designed to be; for the benefit of the wealthy…..it all becomes clear.  Not that money can't be made.  I did OK while I played the game.  Lost quite a bit in 2007 (as much as 40% of some stock), difference being it was my money, not someone else's.   Most I've since recovered and now I'm out of it due to my belief that………the next fall will be spectacular………..after the Housing Bust, there's 'nothing' left to secure the next crash.   Nothing was learned after the last time…..Its still business as usual.

This 'house of cards' will have no place to go but to the bottom. 

We'll see plenty of folks awakening 'after' the storm….. Sad
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« Reply #11 on: January 15, 2014, 05:37:10 PM »

 Lips Sealed TBeek

I wouldn't say the market has NO value or that it is purely illusion.
I suppose what I'm saying comes down to the market as a means for capital for businesses is a good thing. The advantage taken of it, not so much.
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« Reply #12 on: January 16, 2014, 08:03:34 AM »

HELLO
   Hello
        hello...
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« Reply #13 on: January 19, 2014, 04:36:42 PM »

Not a bad article. Not the whole picture either though...
The market is over inflated due to Fed pumping, ahem, I mean quantitative easing. It only takes a mention of reducing the pump to see the deflation occur. Coincidence? I think not.
When does over inflation=bubble? When the investor/market decides.

Yes, but who is the investor?  Wink
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« Reply #14 on: January 19, 2014, 05:01:18 PM »

Who isn't?
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« Reply #15 on: February 04, 2014, 10:36:27 PM »

kathyp your timing was pretty good.  thought i'd bump this up considering the recent downward trend in the market.
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« Reply #16 on: February 04, 2014, 11:09:00 PM »

yeah, this has the potential to be pretty bad.  this is an international thing and the emerging markets are dropping too.  + the bond market may not be the safe haven to run to.  who has money to float or pay off bonds?

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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

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« Reply #17 on: February 05, 2014, 12:40:12 AM »

The market needs the correction or deflating if you will. I hope that I don't get banned(if you look at half of my posts you'll understand) in the next 3 yrs, because I would like to revisit this thread and compare then/now.
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« Reply #18 on: February 05, 2014, 10:10:34 AM »

you are right about the correction.  everyone has been watching for that.  the potential problems are that 1. there is no underpinning...no real value...in most of the market right now.  it's been kept up by pumping.  so...if we start to correct, and anything happens during that correction, we'll drop like a stone.

2. this is international and not just our markets.  emerging markets are what i'm watching.  lots of people had invested lots of money there because they looked good.  they are, at best, stagnant right now. 

3. we know that Europe is in the crapper economically right now and it would not take much to tip them.  they also hold a tremendous amount of our debt.  they are counting on that money and if there is a twitch about that, they are in trouble.

+ the bond market is where people go when the stock market isn't doing so well.  who would invest in most offerings right now?  i know i'd be hesitant.  maybe Puerto Rican rum bonds   grin
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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

 Alexis de Tocqueville
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« Reply #19 on: February 05, 2014, 10:28:37 AM »

I can only suggest that everyone pay close attention to China's economy right now.  (So glad I'm out of the stock market this time around)  cool
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« Reply #20 on: February 07, 2014, 06:03:21 AM »

The market needs the correction or deflating if you will. I hope that I don't get banned(if you look at half of my posts you'll understand) in the next 3 yrs, because I would like to revisit this thread and compare then/now.

Even if you do get banned, which I also hope you don't, you can still visit….. Smiley
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« Reply #21 on: February 08, 2014, 09:13:27 PM »

That was intended tongue-in-cheek. Seeing it quoted I realize it didn't come off as intended.
Anywho.... We say market correction alot lately, me especially. But another Big reason for sudden sharp drops is Profit Taking. Just keeping it real cool
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« Reply #22 on: February 09, 2014, 05:36:33 AM »

This is swaying off the beaten path a little bit but; I heard a financial advisor talk about the unfunded liabilities (200+ trillion? - don't remember exactly). He said folks ask about that a lot. The question; "What are they (govt) going to do about the unfunded liabilities?" He said that's a no brainer, the answer; They're not going to pay it. The money won't be there.

(me) Then the results of that (not paying) will be mighty ugly.
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« Reply #23 on: February 09, 2014, 06:02:23 AM »

This thread isn't getting a big response so I'll bite.

Those unfunded liabilities generally refer to social security and Medicare. Which is a flat out lie. They were funded and still are by workers everyday. The problem is the fund where that money goes has been plundered and spent on other things. So NOW it is short.
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« Reply #24 on: February 09, 2014, 06:44:03 AM »

This is swaying off the beaten path a little bit but; I heard a financial advisor talk about the unfunded liabilities (200+ trillion? - don't remember exactly). He said folks ask about that a lot. The question; "What are they (govt) going to do about the unfunded liabilities?" He said that's a no brainer, the answer; They're not going to pay it. The money won't be there.

(me) Then the results of that (not paying) will be mighty ugly.


The figure I'm hearing and seeing is closer to 800 trillion….but none of that debt matters because its mostly an illusion in the disguise of INTEREST and corrupt ownership and speculation in 'futures' of the worlds resources.  There's not enough 'money' in the world to ever pay it all back.  NEVER.  

Paying it back isn't the problem….people loosing 'faith' in a corrupt economic system is the problem….or will be once the truth is realized by a majority….who then decide to DO SOMETHING about it……...

hjon71; you're on to something now, the 'unfunded liabilities' economists (REAL ECONOMISTS) are discussing don't include SS or medicare.  There is much 'purposely' placed confusion on the role of these programs solvency and their future expanding costs and/or shortfalls.

A LAND VALUE TAX ala geonomics would solve it in less than a generation and could end up negating the need for any type of 'social welfare' programs, whether they were designed to help the poor or enrich the already wealthy.  Both would be off the middle class teat under a geonomics based system.
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« Reply #25 on: February 10, 2014, 02:04:49 PM »

Bubble or no bubble (hate that word)... just pay attention to the market. Especially be wary of the "sky is falling" type commentaries, even on the WSJ. In addition to my "real" job, I have the computer tuned to CNBC most of the day... and I make trades every day (not a day trader, just trade daily). Anyone can still make money. Lots of times I will buy and sell the same stock multiple times a week. Weird I know but it's a way to make some $$$! I definitely don't buy any China stocks. And yes Cramer is my hero!


Now back to my bees....  grin


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« Reply #26 on: February 10, 2014, 03:22:16 PM »

Quote
They were funded and still are by workers everyday.

used to be.  not so anymore.  not only are there not enough people paying it to keep it going, but there are many more people taking out that were ever intended.  + the life span has gone up.

consider how many people are drawing disability.  i just heard an ad on the radio.  "you paid for this.  it's an entitlement".  maybe you paid some, but not as much as you are going to take out.  what about all the people with disabilities who never paid in?  there's no means testing.  disabled = get money.  and what is a disability?  when my granddaughter was diagnosed with ADHD, the office assistant said "you can apply for disability for her now!".

one person may pay into ssi, but 5 may take out if that payer dies and the family collects.  again, no means testing.  the worker may have left the family well off with multimillion dollar insurance policies, but they can still collect.

off the top of my head, the numbers i remember were 12 years being the average life expectancy of the early ssi payers after retirement.  that number is now 20 years or better. 

medicare:  everyone can get it payed in or not.  the average senior will have taken out all they put in within 10 years. 

both programs are welfare after a point.  you are getting OPM. 

not something the seniors (like me) like to hear, but there it is.
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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

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« Reply #27 on: February 10, 2014, 08:55:08 PM »

Quote
used to be. not so anymore. not only are there not enough people paying it to keep it going, but there are many more people taking out that were ever intended. + the life span has gone up.

You missed my point entirely.  Why do I bother I dunno
Social Security and Medicare if they hadn't been plundered would have an excess of money. Not because the amount paid in was ever enough to satisfy the later payouts but because of compounding interest.
If an individual starts an IRA as soon as they begin working and funds it until they retire the amount in the account will GREATLY exceed the amount deposited. Will you argue the account isn't funded simply because those amounts do not match?

I believe some answers go the way they do because party politics requires it....
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« Reply #28 on: February 10, 2014, 09:33:11 PM »

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Will you argue the account isn't funded simply because those amounts do not match?

i didn't miss your point.  you point is inaccurate.

it's not funded into the future because there are not enough people paying into it.  the money owed to the "lock box" even if it were in the "lock box" is not enough to sustain either program.  that's why they keep talking about the programs running out of money.  SSI money, on average, got about 2% per year.  that's not enough to sustain the program with the number of people drawing on it.

 Medicare never was going to sustain itself.  it was a welfare program from the start.  the only good thing about medicare is that it is kind of means tested.  not to worry.  there's no need for it anymore.  that's why the prez felt comfortable raiding it for obama care.  there's really no difference between medicare and subsidized obama care "insurance".  we just have to ween the old folks off the expectation of obama care and they can have medicaid type care along with everyone else.
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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

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« Reply #29 on: February 10, 2014, 11:10:44 PM »

 Look at the chart under the tab -History
I do not know what percentage of the total goes to which program. Does anyone have a link to that info? I may look around..
   http://en.m.wikipedia.org/wiki/Social_Security_(United_States)


This is the establishment of the social security trust fund in 1940
 http://www.law.cornell.edu/uscode/text/42/chapter-7/subchapter-II


This chart shows the running balance of the trust fund. Notice anything funny? I will wait for responses.
 http://www.ssa.gov/history/tftable.html
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« Reply #30 on: February 11, 2014, 11:23:25 AM »

i get that the money is not physically there. 

my point is that even if you go by the assumption that, by law, that money must be paid back into SSI, there is not enough to sustain the program.  we have fewer and fewer people paying in and more people talking out.  we have made a promise that many will insist be kept, but there's not the money to keep it....except to completely turn it into a welfare program...and it's just about there.

we would do better to give every worker a check for what they have put in, + interest, and let them invest as they see fit.  then you could just call the rest of the people what they are, welfare cases.
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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

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« Reply #31 on: February 11, 2014, 12:19:46 PM »

With an economic system based on 'geonomics' (not the same as geo-economics), we could eliminate the need for 'social welfare entrapment programs' designed for the poor simply by ending the monopolization/exploitation (limiting pollution) of the worlds resources, AKA; 'welfare for the rich'.  

Which economic system costs society more?  The facts (economics is a science, not an ideology) may surprise more than a few.  Not just financially speaking, but societal.

A "citizens dividend" (look it up) could then be used in any way an individual chooses, the lazy could still be lazy but 'we' would no longer be paying for their sloth (divisions limited).  

But most importantly, entrepreneurs and hard workers would be allowed to create WEALTH the old fashioned way…..and 'self-serving speculators' enriching themselves on the worlds riches (OUR COMMON WEALTH, that which is freely offered by the planet) would/could/should come to an end.

……it could happen….and I believe it will….after we've exhausted all other options…………………………..it is our way…….. cool.
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« Reply #32 on: February 11, 2014, 12:57:42 PM »

Since we're talking about a stock bubble I thought this would be interesting. Here's a link to Market Watch. They have a chart that's superimposed over a chart prior to the 1929 crash. Don't know if it means anything or not but it's interesting;


http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11
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« Reply #33 on: February 11, 2014, 08:14:34 PM »

Quote
i get that the money is not physically there.


Correct. But more importantly what else isn't there? Remember the trust fund is an interest bearing account. So where is the interest? Imagine even 2% (Im being conservative)*
compounding on billions of dollars year after year. But the official numbers do not reflect those numbers AT ALL.
Just Income(from taxes), Expenditures, Surplus/Deficit, Net Amount.

We are being robbed left and right and lied to about it.

*Chart of MONTHLY interest paid semiannually.
 http://www.ssa.gov/oact/progdata/intRates.html

If someone can show some evidence otherwise, I would love to see it. Honestly.
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« Reply #34 on: February 11, 2014, 09:12:41 PM »

OK I feel feel foolish Undecided

I will say this right up front.
Sorry Beeks. I was wrong.

Totals listed for SS income include interest. It took some digging but I managed to piece the year 2011 together. Silly me. I jumped to an error due to lack of info. Carry on, lesson learned.

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« Reply #35 on: February 11, 2014, 10:26:00 PM »

That's ok.  Its not like they make this stuff easy to understand.   It really does take digging and you did that.

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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

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« Reply #36 on: February 11, 2014, 10:34:05 PM »

That's ok.  Its not like they make this stuff easy to understand.   It really does take digging and you did that.

Sent from my SCH-I535 using Tapatalk

I feel dirty  Wink
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« Reply #37 on: February 11, 2014, 11:04:07 PM »

LOL
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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

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« Reply #38 on: February 13, 2014, 11:43:35 PM »

Since we're talking about a stock bubble I thought this would be interesting. Here's a link to Market Watch. They have a chart that's superimposed over a chart prior to the 1929 crash. Don't know if it means anything or not but it's interesting;


http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11


I think someone has too much time on their hands. The market must rise, call it interest, inflation, or whatever you want. It is simply the nature of the beast.
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« Reply #39 on: February 22, 2014, 08:10:41 AM »

Oh NO
Double your prices for all goods sold
only falsifies the market
buoys the govt
cause taxes rise by 200 to 2000 %
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« Reply #40 on: March 04, 2014, 08:39:25 AM »

TBeek, I have some understanding of the "debt-bubble". Which is another entirely different matter, And infinitely more serious. Which is why I am an End the Fed proponent.


darn right

every ten years they harvest

now it is just plunder
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« Reply #41 on: March 04, 2014, 09:27:46 AM »

The 'harvest' by the 'self-entitled' is NON STOP, and is 'historically' significant as an indicator of our societies END GAME.

Its a figure (in the US and just what we're told) approaching "80 plus Billion Dollars" per month, its been going on for awhile..….with no end in sight….. except for the end of the WORLD as we know it or ever imagined it. 

That reality is becoming more transparent to the masses every day  applause

Because factual world history is pretty much hidden or distorted by 'our controllers' the masses don't know or realize that we are living in an age allowing us to witness the same form of 'rotten from the inside implosion' that has struck down all previous civilizations…...we are witnessing our own demise……in our own lifetime…and still too many don't even know its coming….….and we think we're so smart  rolleyes   

One can only hope and pray that 'all our brothers and sisters' out there in the WORLD at least have a good view of the show  Wink
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« Reply #42 on: March 09, 2014, 01:12:39 AM »

TBeek I was on a rant during your geonomics posts. Good stuff. I agree.
 Henry George writes quites a bit about speculation(what we call bubbles). A point made being, speculation causes a runaway effect which can only go so far, then must stop while wages and capital catch up. When they do speculation makes another run.
I have a tendency to oversimplify matters, but I understand his intent was to demonstrate a prevailing reason for the boom/bust cycle. Do you believe that is the case here/now?
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« Reply #43 on: March 09, 2014, 05:41:32 AM »

We've had a 'boom and bust' (artificial bubbles) economy since George Washington's day.  Historically the wealthy 'always' come out of these cycles with more wealth…and as you said….the rest must 'again' try to catch up.  None of this is new….except the advancement of technology.

The Reason;  simply put….these 'bubbles' are the manipulations of the greedy, those already well-off and 'self-entitled' who are NEVER satisfied and never will be.  

IMO; It is a form of mental illness enabled by our own society.  In fact; we make little KINGS and QUEENS out of them all.

FACT;  We have nearly run out of things to 'create' these bubbles.  Our 'homes' were the last tangible thing that could be used by the elite to create 'real' wealth for themselves without actually working for it (Insanity Capitalism or capitalism for the Rich).   

DEBT seems to have taken up the slack for now…Income from 'other people's debt'…go figure.....but as we know….most debt is an illusion, in that there's not enough MONEY in the world to EVER pay it all back….not that paying it back was ever the intention.

Another possible bubble occurring right now is connected with the "World Wide" purchasing (some will call it theft) of 'Mineral and Metal Rights and CONTROL' by the Biggest BANKS on the planet…..think about that for a moment……BANKS owning (and hoarding) minerals and metals……..I can smell another boom and bust coming our way….can't you all?

Like I said;  We're running out of 'things' to create bubbles/speculation that have historically been used by the wealthy to create MORE wealth……..but they are a 'tricky' lot, don't give up hope for their future success (our failure) yet  laugh
« Last Edit: March 09, 2014, 05:59:34 AM by T Beek » Logged

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« Reply #44 on: March 09, 2014, 06:32:11 AM »

For a more modern view of these types of cycles and their reasons for being, I highly recommend "THE SHOCK DOCTRINE" (2007) by Naomi Klein.




The old concept of "bubbles" have mostly been replaced with 'crisis' these days.  Crisis, both real and imagined…..make lots of money…..for a few.
« Last Edit: March 09, 2014, 09:10:32 AM by T Beek » Logged

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« Reply #45 on: March 30, 2014, 02:45:03 PM »

But it is all money laundering and theft
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