114
   

Where is the US economy headed?

 
 
BillRM
 
  1  
Reply Sun 31 Mar, 2013 02:45 pm
@Advocate,
Quote:
did you read about France, Russia, Cuba, et al.?


You might also wish to look up the history of the last decades of the Roman Republic where all the wealth and land had been collected within a very a few hands and they no longer having strong smaller land owners that were stake holders in their society.
Advocate
 
  1  
Reply Sun 31 Mar, 2013 04:44 pm
@BillRM,
Interesting!
spendius
 
  1  
Reply Sun 31 Mar, 2013 04:46 pm
@Advocate,
Albeit a trifle over-simplified.
0 Replies
 
Finn dAbuzz
 
  1  
Reply Sun 31 Mar, 2013 09:37 pm
There are over one thousand pages of replies to a question that can be succinctly answered: Down the **** hole.
Walter Hinteler
 
  1  
Reply Mon 1 Apr, 2013 01:43 am
@BillRM,
BillRM wrote:

You might also wish to look up the history of the last decades of the Roman Republic where all the wealth and land had been collected within a very a few hands and they no longer having strong smaller land owners that were stake holders in their society.
You do know the differences in antique Roman law between proprietas and possessio, don't you? "Meum esse aio" ...
BillRM
 
  1  
Reply Mon 1 Apr, 2013 05:58 am
@Walter Hinteler,
Sorry but owning or renting is not the point in what the upper class did to the Roman small scale land owners who was also the foundation of the early Republic.

The Roman military make up, at the time, of these small land owners won great wealth for the Republic in a number of conflicts including great numbers of slaves.

The Wealthy got their hands on the bulk of this wealth and used it against the laws of the Republic to buy out these small land owners and then combine the lands into great estates and work those estates with their great supply of cheap slaves.

Things came apart as the legions could no longer be man by the small land owners as the law required as there was very few small land owners then existing to call on.

The Roman Republic then full their army with hired troops that was not stakeholders in the society and who tend to be loyal to their commanders and their paid masters not the senate.

Resulting in a number of civil wars and within a generation or two the end of the Republic.

0 Replies
 
H2O MAN
 
  0  
Reply Mon 1 Apr, 2013 06:36 am
@Finn dAbuzz,
Finn dAbuzz wrote:

There are over one thousand pages of replies to a question that can be succinctly answered: Down the **** hole.


Yep.
0 Replies
 
barbieNony66
 
  1  
Reply Mon 1 Apr, 2013 06:52 am
Does anyone else besides me realize that the Dow has fallen like 500 points in the last week? Not good....
parados
 
  1  
Reply Mon 1 Apr, 2013 07:38 am
@barbieNony66,
barbieNony66 wrote:

Does anyone else besides me realize that the Dow has fallen like 500 points in the last week? Not good....

Are you sure? I think it has fallen 5000 points in the last week.





(Check the date of the post.) DOW Closed on Friday within 30 points of it's all time high from the previous Thursday.
Miller
 
  0  
Reply Mon 1 Apr, 2013 10:42 am
@parados,
parados wrote:

barbieNony66 wrote:

Does anyone else besides me realize that the Dow has fallen like 500 points in the last week? Not good....

Are you sure? I think it has fallen 5000 points in the last week.

(Check the date of the post.) DOW Closed on Friday within 30 points of it's all time high from the previous Thursday.


Yes, the DOW has improved but unemployment is still poor.
RABEL222
 
  1  
Reply Mon 1 Apr, 2013 11:05 am
@Finn dAbuzz,
Only if your a hopeful conservative republican.
0 Replies
 
hawkeye10
 
  1  
Reply Mon 1 Apr, 2013 11:09 am
@Miller,
Quote:
Yes, the DOW has improved but unemployment is still poor.

so is main street. according to david stockman what we have now is a Fed fake money bubble, and while he does not directly say so it is clear that he thinks the only way out is a huge crash.
Miller
 
  0  
Reply Mon 1 Apr, 2013 05:23 pm
@hawkeye10,
Would you put 50% of your wealth into cash?
Finn dAbuzz
 
  1  
Reply Mon 1 Apr, 2013 05:58 pm
@Miller,
Never

Gold maybe but never cash.
0 Replies
 
hawkeye10
 
  1  
Reply Mon 1 Apr, 2013 06:35 pm
@Miller,
Miller wrote:

Would you put 50% of your wealth into cash?

i put my money into a restaurant, but most smart guys seem to becoming slum lords. hard assets both, not stuff that may well vanish before your eyes on the computer screen, and are not easily devalued by our incompetent asshole government.
0 Replies
 
roger
 
  1  
Reply Mon 1 Apr, 2013 06:58 pm
@barbieNony66,
Happy April 1st.
0 Replies
 
cicerone imposter
 
  1  
Reply Tue 2 Apr, 2013 01:15 am
@barbieNony66,
that's the problem most in investers have. they look at short term fluctuations and think the world is coming to an end.
H2O MAN
 
  0  
Reply Tue 2 Apr, 2013 09:22 am
@cicerone imposter,
cicerone imposter wrote:

that's the problem most in investers have. they look at short term fluctuations and think the world is coming to an end.


Obama looks at short term fluctuations and tells us the economy is rebounding when it's not and that's the problem.
H2O MAN
 
  0  
Reply Tue 2 Apr, 2013 10:30 am


Stockton Is Largest U.S. City To Go Bankrupt

Unfunded Liability of Union Pensions
hawkeye10
 
  0  
Reply Tue 2 Apr, 2013 10:36 am
@H2O MAN,
I love the government courts reasoning for allowing the government of Stockton to not pay their bills, which boils down to "they can't". but we always knew that we can't trust government, didn't we.................
0 Replies
 
 

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