Will the stock market hold...or is the bubble ready to burst?

[Douglas]

While the Fed keeps printing money on this scale to deal with the results of Bush's shitty and pathetic presidency, oil prices are only going to remain high. If you think gas is expensive now, just wait till the summer.

It already IS summer.

[pacfan]

So you know some concepts in financial management pacfan. What I'm more concerned is the increasing price of fuel. It's very alarming.

No, I'm just a boxing fan who dabbles in everything.

Seriously, I wanted to involve myself in local socio-econo-political discussions but just don't have the time to do so. You probably know we got lots of mess to clean up.

[luvfightgame]

Unfortunately whenever a topic like this comes up everyone gets wrapped up in the details and the side effects of the real problem.

We have debt money. There is perpetually more debt than money. This is because of the way the system is designed. There is no way to get out of debt unless the system is changed. There is too much debt owed to people who do nothing. Money is simply to exchange things between people, the people who provide the money get too much out of it.

For a house... you borrow $100k but you pay back $300k. The person who built, sold, and lived in the house get paid out of the $100k. Then the other $200k of interest is payed out the rest of your life. To put it simply we have economic leeches that are sucking the system dry.

Don't believe that there's lack in this world. We have plenty of food, water, shelter, for every human on the planet. But it's being held back for money. One fastfood chain's waste for a day could feed all the starving people. The major hotels have enough empty rooms, the newly built houses that are empty, etc. Don't believe the hype. There's plenty for everyone, but millions starve so hundreds can have so much they couldn't spend it in their life times.

[pacfan]

Mr. Laing (who else but Kirkland!) has been reminding me ever since about the imminent collapse of the economy. So I've just dropped by to update you all on the real situation of the economy.

So where is the economy heading towards? Nobody seems to know, not even the top economists out there. So it must be real bad. Hope I had something better to say but, sorry guys, I don't...

Ok, Kirkland, tell 'em all about it...

[luvfightgame]

It's much worse than they are saying. Even if they somehow get through the housing and credit crunch, we still have the baby boomers retiring. We are instantly broke when they all start drawing ss and medicare. That's not to mention the stock market suddenly getting all these people taking money out rather than putting it in. We are in big trouble folks and the talking heads aren't addressing real problems at all. Vote for me I will give everyone free medical care even though I can't pay for your retirements we promised. It's not just our federal government that's broke, virtually every state has multi billion dollar deficits.

The only people really talking about these problems are censored by tv, and not given an opportunity to talk about solutions. But we keep on paying the idiots who created the problem. Not only do they get paychecks, they don't really spend their own money on most things they do.

When do we wake up?

[pacfan]

Pretty much true, Luvfightgame. 700 billion dollar won't be enough if many more banks start to fall one be one and what scares me is that the possibility is there, however remote it might be. I'm not impressed by the hastily crafted rescue plan either - the words panic and confusion is written all over it.

[luvfightgame]

Not only is it panic, it's a bad idea to begin with. It's like me saying that all I need to avoid bankruptcy and losing my home isn't to get a job and actually earn money, I just need a larger credit line on all my credit cards so I can keep doing the balance transfer juggling act.

If your coworker or friend told you that's their plan you would say what an idiot. It'll never work.

But a politician says it and we all say great I hope it works.

[Kirkland Laing]

It's a handy thing being Infallible, isn't it?

Though it looks like I was a little bit too optimistic.