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#1 by panther9mm on November 2nd, 2009
you are already poor, so it will not affect you much. as more people join the poverty list, it may look like you are moving up
#2 by panther9mm on November 2nd, 2009
yes, the dow will be at least 5,500 by the end of this year. maybe it can be above 10,000 too.
#3 by herbs814 on November 2nd, 2009
“someone’s gonna have to be bailed out” (4:34)someone’s going to clamor for a bailout. someone’s going to mount a public relations campaign appealing for a bailout. but this does not mean that imprudent lenders need to have a bailout to “save” our economy, no matter what claims are made to support Keynesian “stimulus” or “multiplier” effects.
#4 by herbs814 on November 2nd, 2009
increased government spending has never helped the economy. Even during wartime, the “multiplier” is less than 1. In peacetime, the multiplier of government spending is even lower. Government spending is always a net LOSS to society: it always takes more from social power than it returns. And Obama’s rosy assessment of the budget and stimulus assumes a magical multiplier of 1.5 — which has never occurred in the history of mankind. Government spending to revive the economy is utter foolishness.
#5 by herbs814 on November 2nd, 2009
you contradicted yourself: if there will be less money, then the money that remains will be MORE valuable, unless and until government completely demonitizes the dollar.
#6 by MrNeo2001 on November 2nd, 2009
No I didn’t, think about it herbs, the FDIC insures most bank patrons for upto $250K…meaning if their money is lost anything upto that amount is protected by the Gov’t, by operating in the RED means they don’t even have the money that they claim insures you! The solution: To print more money to paper over the problem, I don’t see how you believe that makes the dollar MORE valuable?!
#7 by herbs814 on November 2nd, 2009
first you claim that there will be no money, then you claim that more money will be printed, completely changing your argument. If people cannot get “their” money at the bank, then the money that remains in circulation will increase in value (people will mark down prices to reduce inventory and get more cash to meet payments). If more money is printed (and if that money can be delivered to depositors-consumers), existing money in circulation is devalued (prices rise). Two different scenarios
#8 by MrNeo2001 on November 2nd, 2009
herbs814, whatever dude. Keep watching Jim Cramer & listening to Sean Hannity. It obviously has made you more intelligent! ROFL
#9 by herbs814 on November 2nd, 2009
and when you can’t make an intelligent argument, you resort to insults? LAME.
#10 by ngonea on November 2nd, 2009
theserf3 – wanna know where the money went? it went to Europe, check Max Keiser videos for more details