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Financial chaos like we saw back in 2008 ! Weeks or even days from now !

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posted on Jul, 10 2011 @ 02:36 PM
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Well, I am going to ride it out. I just got hired on union..If it collapses, then it collapses....Where will I be? Right back where I started. I am not scared...I will weather the storm.....

And keep buying my silver eagle every friday. Regardless.......Until I am not working.......

Live it up to the best of your abilities.....The fear mongering in this world is out of control....We are not supposed to feel secure anymore........I say "F" It.........I'll go fishing for dinner. I will dig up the worms for bait. I will boil the water from the river to drink.....

Bring it on.



posted on Jul, 10 2011 @ 06:23 PM
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The US dollar index looks like it may be on the rebound with all this austerity talk. I doubt the PTB would allow an actual debt default. It would be better for both parties if there was an 11th hour miracle compromise.

There are not as many young people inflating the stock market as there were 5 years ago. Many retirees are taking funds out as they need them. The reason stocks have been so resilient since 2009 is because interest rates are so low globally that there aren't any competing investments.

IF inflation starts to get the upper hand and the Fed puts on the brakes by raising interest rates THEN you would see investors abandoning stocks in droves. Until then the day traders are going to play the price pullback games and enjoy their meager dividends.



posted on Jul, 12 2011 @ 03:47 PM
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Here is my opinion. The country put a band-aid on the issue in 2008. The problem was not fixed, we just didn't have to look at it. The economy should have been allowed to recalibrate in 2008. The Gov't coming in trying to fix what IMO (in my opinion) were false numbers to begin with. The stock market are false numbers. Why would anyone believe the market numbers? I think the DOW should truly be around the 10,000 mark. Why do I scoff at the DOW numbers? Because I kept hearing the Gov't tell me that there was no recession, no depression for the last few years. I looked around and saw different. I see inflation creeping into my supermarket but is this making news? not really, only in the last week or so have I seen reports.

The debt ceiling should not be raised. A ceiling is a ceiling. Why keep raising it? There is no money. If you are in debt do you keep charging or do you eventually get cut off? Please people do not believe that doom and gloom will happen if we do not raise the ceiling. And shame on the President threatening Social Security recipients to get what he wants. Shame on him!



 
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