Does Capitalism thrive on Main Street or Wall Street?

[SlimTrae]

Wall street. Where citizens can invest in stock? Main street. Where everyday citizens reside.

Is there a connection that Capitalism has in regards to either street?

[walrus]

Hey slim, wall street is a world unto itself. Although it can become irrationally exuberant on its own it does rely on those of us schleping around main street to feed it. But now its not just main street USA but main street the world. Remember when main street London had its brexit vote and wall street took a big dumb. Same with Greece though not as intense. Or when chinas market dropped around 20 percent, although I don't remember the exact numbers we went on a downward slide. I was just reading that restaurant stocks are on the way down as people have decided its cheaper to eat at home. Speaking of which @SlimTrae the market has been on A hell of a run. Every closing session its been reaching all time high. I'm really looking at putting on stop loss orders slim. I'm not being a doomsday sayer but at the very least I expect a correction. Are you in the market slim. Besides my 401k, Roth and mutual fund I created my own portfolio on groupings of individual stocks I pick

[brocktonblockbust]

Capitalism is the system that the 2 streets operate inside of.

[SlimTrae]

I don't have stock. There was a company I wanted to invest in but forgot their name. They do the labels/boxes for food. It was during the craze of labels like "All Natural."

Understanding Capitalism seems to be a topic entirely unto itself. Hopling Kirkland responds here to read his definition.

[Kirkland Laing]

Main Street. Wall Street does nothing constructive as far as economic growth is concerned. Literally nothing. I've spent my entire life working on Wall Street and its British equivalent and I've never done a single day's constructive work in my life. Wall Street is actually a massive drag on the real economy as we skim the entire system, legally rob Main Street businesses and just generally leach huge amounts of money out of the real economy that could be used for investment and growth into our own pockets. And cause periodic economic meltdowns which impoverish millions while redistributing vast amounts of money out of the pockets of the 99% upwards into the pockets of a couple of thousand blokes.

Send the Marines down to Wall Street, arrest everybody wearing a suit on the top floor of all the major banks' office buildings and execute them and it would be the single best economic policy move you could make.

[SlimTrae]

Main Street. Wall Street does nothing constructive as far as economic growth is concerned. Literally nothing. I've spent my entire life working on Wall Street and its British equivalent and I've never done a single day's constructive work in my life. Wall Street is actually a massive drag on the real economy as we skim the entire system, legally rob Main Street businesses and just generally leach huge amounts of money out of the real economy that could be used for investment and growth into our own pockets. And cause periodic economic meltdowns which impoverish millions while redistributing vast amounts of money out of the pockets of the 99% upwards into the pockets of a couple of thousand blokes.

Send the Marines down to Wall Street, arrest everybody wearing a suit on the top floor of all the major banks' office buildings and execute them and it would be the single best economic policy move you could make.

What is your take when some people say...oh those politicians all have friends in Wall Street. Is it an accusation of the politician on the take for self? Or is it looking the other way when regulations are brought up in senate/congress...so that their pal corporations can benefit?


Best case in point: Hillary Clinton has friends in Wall Street. What are they implying from your perspective..and how that hurts Main Street.

I admit I am not versed at all in such a subject, I can only hope you can see what I am trying to ask.

[walrus]

Slim you do have stocks. Do you have a 401k or pension plan at work. It's in the market. I think Kirk has some points but I don't think Wall Street is an inherently evil thing. But what do we do, leave all our money in CD making 1% or savings accounts making 0.

[walrus]

I always liked what Bernie madoff said about Wall Street. When he got caught and was charged with running the biggest Ponzi scheme in history he said ya I ran the biggest Ponzi scheme in history in the largest Ponzi scheme on the planet, ah the Bernie was funny, I miss him. Just for pointing that out we should drop all charges and let him go.

[Kirkland Laing]

Slim you do have stocks. Do you have a 401k or pension plan at work. It's in the market. I think Kirk has some points but I don't think Wall Street is an inherently evil thing. But what do we do, leave all our money in CD making 1% or savings accounts making 0.

Yes we are. Yes we fucking are.You've got no idea matey.

[Kirkland Laing]

Main Street. Wall Street does nothing constructive as far as economic growth is concerned. Literally nothing. I've spent my entire life working on Wall Street and its British equivalent and I've never done a single day's constructive work in my life. Wall Street is actually a massive drag on the real economy as we skim the entire system, legally rob Main Street businesses and just generally leach huge amounts of money out of the real economy that could be used for investment and growth into our own pockets. And cause periodic economic meltdowns which impoverish millions while redistributing vast amounts of money out of the pockets of the 99% upwards into the pockets of a couple of thousand blokes.

Send the Marines down to Wall Street, arrest everybody wearing a suit on the top floor of all the major banks' office buildings and execute them and it would be the single best economic policy move you could make.

What is your take when some people say...oh those politicians all have friends in Wall Street. Is it an accusation of the politician on the take for self? Or is it looking the other way when regulations are brought up in senate/congress...so that their pal corporations can benefit?


Best case in point: Hillary Clinton has friends in Wall Street. What are they implying from your perspective..and how that hurts Main Street.

I admit I am not versed at all in such a subject, I can only hope you can see what I am trying to ask.

I could write a book on this one. Let me give you an article to read. This guy has a great writing style and he writes very readable articles, he can make financial stuff sound very entertaining. But you'll read it and think to yourself this is great but it's obviously an over the top hyperbolic style of writing and probably not all true. Let me tell you this is word for word true and only gives a rough outline of the rampant criminality on Wall Street, how we completely own the politicians and the regulators and so on. It's a long article but you could all do worse than read it to give you an idea of how things are. I will have much more to add to this article and any replies from you lot later on.

Why Isn't Wall Street in Jail? - Rolling Stone

[brocktonblockbust]

@Andre
@Master

Delete this silly thread. These people are stating something which is being stated in a painfully obvious way especially Gandalf and Walrus boring the shit out of everyone trying to appease Kirkland and Slimtrae.

[brocktonblockbust]

this thread is batting about something painfully obvious.

What's the mystery? Free buying and selling, for people like us, if you got the cash or credit just go and buy it.

What's the mystery?

There's no such thing as capitalism, its just buying and selling pretty much free wheelin WHAT THE FUCK IS SO HARD TO DECIPHER ?

[SlimTrae]

WHAT THE FUCK IS SO HARD TO DECIPHER ?



brocktonian thoughts...

[Gandalf]

Capitalism is buying and selling. My point is that the financial system is fraudulent and is based upon constant money creation which not only reduces the value of money, but is also the reason there has been so much war over the past 400 years.

I get that local business needs loans and people need savings that gather a bit of interest. That is healthy and good. What is not good is a system that actively preys on people and has nothing to back it up themselves. It's wrong that people lose their homes when banks know people cannot pay the loans because there is no longer job stability and the banks can crash the system at any time forcing lay offs. That's rotten and to then bail out those guys?

Matt Taibbi is a very good journalist and I tend to like what he writes.

[SlimTrae]

Insider trading is another question mark.

To make money off someone's loss, what a hell of a way to get paid.
Vice President Cheney sold his Halliburton stock around 50$...then it dropped to 40$.

Reminds me of a movie with Dan Akyroid and Eddie Murphy Trading Places.
End of the movie ..they got paid. Cause they had the low down on orange juice crop report.