Has anybody noticed the difference in the stock market? It no longer swings five or ten points per day, but runs into the hundreds. It's a manic market, and the volume also indicates the fact that the little guys are getting out and fast. You may not think the market affects you, but think again. Thousands of pensions, mutual funds and retirement investments are running through these mood swings daily. The retirement generation is about to get hammered by Obama's debt increase of more than $7 trillion dollars.
China isn't happy, either. They are threatening to exercise financial attacks against the United States due to our continued support of Taiwan. This could harm us still further. If you think the votes that Gardner and other RINO's cast for "business as usual," were effective, you couldn't be more wrong. Things are swinging nearly out of control. October isn't even here yet, and the market is wild. How is it affecting you?
Congress made of Republicans and Democrats confirm Ben Bernanke.
Read this short article and learn how you are last in line. Here is an excerpt and the link to the full article.
So while all this money has rushed into stocks, real estate, and especially government bonds, by the looks of it, none has found its way to Main Street except in the form of higher prices. John Williams at Shadowstats.com says prices are increasing at a 10+ percent clip. And while the Fed's QEs were supposed to stimulate hiring, unemployment soared in 2008 and '09 and hasn't recovered. According to Williams's numbers nearly one in four Americans is out of work.http://mises.org/daily/5570/First-in-Line-for-New-Money
Posted by: Bobby J. | August 23, 2011 at 07:47 AM