User64738

Stock Market Investor Depression

> On Feb 24 08:19 PM FreeMktFailure wrote:
>
> And all of you conveniently ignore socialism's great success, CHINA.

China is moving out of socialism, that's why they're becoming successful.
Socialism/communism never worked and never will. It's partly what got US in trouble too, we let government control things too much. All those supervisory agencies didn't do their jobs to protect Joe Sixpack (as Red Backman would say it), they turned a blind eye to their buddies mishaps and are doing it now too but not letting them go broke.
In other words, problem was never the free market, it was always lack of it and of course - the fractional reserve system.

15 Notes on the Global Economy

On Feb 21 07:33 PM Reinko wrote:

> To user 64738:
>
> Your anti Reinko rant is lovely to read (why don't you use your real
> name by the way you coward?).

Why should I use my real name? Do you want to come over and look for me?
I'll be in Europe in April, if you want to meet me we can arrange it. :-)

> Comment: In the first place, where I live income tax is more or less
> like in the USA. In the second place of course I can opt out of a
> 'family insurance plan' in case I am single again; all I have to
> do is send an email with the fact I am single again.
> And what 'declining medical insurance' is, I have no idea what that

You mentioned above you live in NL.
Quick google and www.expatax.nl/incomet...
or
en.wikipedia.org/wiki/...
says your lowest tax bracket is at whooping 33.60% and then progressively increases to 52%
So if you worked in a bank like me, and received a higher pay, you'd be paying a lot in taxes. At least 20% more than I pay in the US. So no, that's far from similar, sorry.
Another quick google reveals that you pay for only the basic medical insurance.
www.expatfocus.com/ind...
I'm not sure how far that gets you in the NL but from my former Euro experience, you guys usually have to wait a lot longer for things that require special treatment. Complex procedures (surgeries), cancer treatments etc.
Here in the States, you can also get the same basic coverage for about $150/m if your company co-sponsors the rest... and most do.
Declining means you can say - I don't want medical insurance and you pay nothing!
Don't believe everything you read in the news (especially liberal one) about US medical insurance. It's actually pretty good unless you live in a bigger city. The reason why it's getting worse is because of two things - the people who come into this country illegaly to use the services they don't pay for and because of insurance fraud.

> Can you please put the shit where it belongs?
> That is inside your mouth...

You are a very angry man (or woman?). Unfortunately anger and name calling do not cure ignorance. Only research and reading will. I read a lot of different blogs and only kids start name calling and insulting when they can't win the argument.
If it makes you feel any better, you're not alone in not knowing anything about US. And to a degree, I can forgive you because before I moved to the US, I too was brainwashed by the European socialist politics. What's sad though is that there are *a lot* more ignorant people in this country. People who think it's best to give the government the power to take care of them. People who don't understand their own history.
Enjoy your beliefs while you still can, NWO is coming anyway and we'll probably all be in the same boat soon, that is unless Americans wake up (which doesn't really look very likely at this point).

15 Notes on the Global Economy

On Feb 20 06:43 PM Reinko wrote:
>
> And you healthcare costs? (My insurance is only 110 € and kids are
> free).

This is such a laughable comment. I have no clue why you Europeans think that when you don't see the money taken out of your paycheck that you don't pay for it.
Have you ever wondered why your income tax is so high compared to the one here in the USA? And can you opt-out of a family insurance plan even if you're single? And what about declining medical insurance? Do you have that option?
And how about church tax, or a tv license tax even if you only watch dvds?
How much is gasoline over there? Do you have any idea why it's so expensive?
Last time I checked, your infrastructure wasn't quite as great as it once was neither does it function as well as it used to.
I've lived in Europe for about 20 years and it was going down slowly every year. I was in shock when I visited a few years back.
My brother still lives in Germany and he's gotta take taxi way too often because train guys are on strike all the time. More often than the notorious New Jersey Transit is out of service here in the US. Great Germany. I can't even imagine how it's in the rest of the Europe...

No wonder Europe population is declining. People stopped thinking over there. They left it to the government. It would be so nice if you actually woke up one day and started reading a little bit rather than giving advice about things you don't understand.

What Will We Do with All That Debt?

On Feb 20 11:30 AM Chris B wrote:

> 'safety' of treasuries who will pay for this carry trade. The govt.
> wins, especially since they have considerable control over the rate
> of inflation!

This is where you're wrong. They have no control over the rate of inflation. FED has and FED is not government.

What Will We Do with All That Debt?

I'm surprized that nobody mentioned that government should start printing their own money which they will NOT pay interest on (like they do right now on FED notes) and that would allow us to pay off the debt eventually.
It worked for Lincoln when he created the greenback.
So yes, it is necessary to know the history and how we got here. If you don't know the root cause, you can't fix it.

Stimulus Bill Signed; Now, Will It Work?

If you look at the fed interest rates during depression years, you'll realize why everything was doing great. You should also look at what happened to the dollar purchasing power after the new deal was struck. Your GDP was going up, but the real value of dollar was going down.

Why TARP 2.0 Won't Be Much Better than TARP 1.0

You got a green from me but I still need to make some comments.

On Feb 13 09:10 AM Speedspirit wrote:

> In layman terms those who hold the Real power now believe
> their HIGH SOCIETY is better then the rest of the human race.

And in reality is it. Look at the facts - they're up and getting richer and we're down and getting poorer. That means they're doing something better than the rest of us.

> It is this denial of universal principle which influences
> there continued actions of failure and greed.

It depends how you look at failure. Remember, wealth is never really lost but rather just transferred. Printed money is not wealth. I honestly don't think they failed themselves.

The Dollar's Point of No Return

When we're at suggestions, maybe people should watch the Money Masters video about money changers and central banks? www.themoneymasters.co.../

Obama and Geithner: Hoping for the Best, Or Wishful Thinking?

What we need is another Lincoln, no Obama and no McCain.

Rahm’s Doctrine and Breaking Up the Banks

Too bad you didn't put Sweden a bit further up as an example of a well run country so I can stop wasting my time reading the rest of your article.
The only thing government should have done is stay out of banks and let them fail. But, just as you mentioned for banks, they're fine spending other peoples money (taxpayers) even though they clearly don't know what the heck they're doing.
And the stimulus bill. We're yet to see how that's going to create any jobs other than government jobs. In other words, it's more wasted money.

Also, when business realizes that government is going to add more restrictions and cap their executives earnings, they will move out, as some already have and what some recently announced in Europe.

Asia will thank Obama.

Toyota: Examining the Solar-Car Rumors

With 16% solar cell efficiency, they won't get very far. Maybe if they invent a battery that can store more, otherwise solar is pretty much doomed.

Commodities Are Not Stocks

I'm not sure what insurance you buy...
There are so many factors that I'd say you get very little insurance. In an ideal world yes but not in the real world.
It can be argued both ways, that it's a liability.
Say we hit inflation and your $5 next year is worthless. You'll be forced to sell at a price that's not market.
Or global cooling kills your crops and you're now stuck with $5 - negative.
Very similar to equity.

If You Can't Stand the Links, Get Off the Web

They must have learned from RIAA and MPAA.

The White House vs. The New York Times, Economic Meltdown Edition

I like how you contradict yourself.

"the White House, in contrast, gives us nothing but finger-pointing at Democrats."

and NYT (liberal paper) always does everything to point at republicans as well as you by supporting their story.

"It seems that this White House still thinks that stewardship of the economy is a party-political issue, even after most of the opposition to its recent initiatives has come from the Republican side of the aisle."

Which of course is incorrect since the whole mess started during Mr. Clinton but it was too good back then for anybody to see anything wrong.
In other words, you as well point to republicans making it a party-political issue while truth is both are equally responsible. One for starting it and others for not doing anything about it (thus making it much worse).

The new administration will also not do anything unless it steers away from this left-right politics (pissing contest), which in my opinion is not likely to happen with Obama's choice of staff (unless they learned from their past mistakes which I highly doubt).
If people in this country realized that this extreme polarization by parties and finger pointing is what's killing them, maybe there would be a solution in sight, however that's not going to happen unless it gets a lot worse and somebody starts thinking again. For now, it seems easier pointing fingers than working on solving problems.