Short Term Trading Member Forum

[SilverSurfer]

Bigger question is why would so many wise leaders ignore the consequences of allowing that last Real Estate Bubble to get so out of hand? Wall St. / Debt / Central Banks / China.... Is there a big conspriacy? Please tell is this stuff the truth? >>>>

"The United States government must irrevocably admit that its wanton, escalating experiment with socialism, which is now veering into something even more sinister, called corporatism, which is another word for fascism, has failed catastrophically, just as it has failed every other time throughout history that it has been attempted. And the people must be told that this nation can return to greatness only if they and their government will re-embrace the virtues that made it great in the first place: honesty, responsibility, restraint, ingenuity, hard work, self-reliance, morality, character, dignity, honor, duty, sacrifice, patriotism and an abiding belief in something greater than ourselves."

http://www.kitco.com/ind/Dougherty/jul242009.html

I did some research trying to find dispute to the facts Mr. Doughtery lays out in this alarming article, but could not.....


from his latest article... and I wholeheartedly agree with this statement.... as I do he one above..

"The radical empowerment and enrichment of Wall Street has transformed our democracy into an aristocracy, making the debt dealers the nation’s new royalty, the government its feudal barons, and the citizens mere serfs who endlessly sweat and toil in fields of debt weeds that grow so fast they can never, ever be harvested."
http://news.goldseek.com/GoldSeek/1248373722.php

"The imperative for the debt-bloated West is to cut spending systematically for year after year, off-setting the deflationary effect with monetary stimulus. This is the only mix that can save us.
My awful fear is that we will do exactly the opposite, incubating yet another crisis this autumn, to which we will respond with yet further spending. This is the road to ruin."

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5857074/Fiscal-ruin-of-the-Western-world-beckons.html

But if things are greatly improving then how is the Stock Market making such a bold move?


"Nearly everyone on Wall Street is wondering how hedge funds and large banks like Goldman Sachs are making so much money so soon after the financial system nearly collapsed. High-frequency trading is one answer.
And when a former Goldman Sachs programmer was accused this month of stealing secret computer codes — software that a federal prosecutor said could “manipulate markets in unfair ways” — it only added to the mystery. Goldman acknowledges that it profits from high-frequency trading, but disputes that it has an unfair advantage."
http://www.nytimes.com/2009/07/24/business/24trading.html?_r=2&th&emc=th


"All costs are present costs. It is only a question of who pays them and why.
Anyone who says that we are passing on present costs to future generations does not understand economic cause and effect.
We are told that we are using politics to leave a massive debt to our children. Really? Which children? The typical taxpayer? He or she can vote. As soon as this tax burden grows too heavy, the voters will demand that it be reduced. Congress will then sell more debt, just as it always does.
At some point, that debt will not find a market. The great default will then take place. At that point, Congress's IOU's will become IOU Nothings.
The Great Default is coming. Count on it."