Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Stocks are worth zero in THIS America (vanity)

Posted on 06/07/2010 1:28:51 PM PDT by USALiberty

Why are stocks sliding? It's pretty easy to tell. More and more people are waking up to the reality that stocks are worth ZERO in this America. If the feds can seize ANYTHING at any time, then private property rights mean nothing. Now that the Kenyan Usurper and his gang of communists is talking about taking over BP's U.S. assets, the Street is reacting.


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Culture/Society; Miscellaneous
KEYWORDS: chat; cmmunism; kenyanusurper; stocks; vanity; wallstreet
Navigation: use the links below to view more comments.
first previous 1-2021-4041-45 next last
To: Huck

“I’m thinking it’s a good time to buy some BP.”

Depends on how much money BHO gets from BP. I can see BHO trying to break BP in order to send a chill into the energy industry and create some new dependents, (laid off BP workers), for the government.


21 posted on 06/07/2010 1:55:03 PM PDT by brownsfan (The average American: Uninformed, and unconcerned.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Huck

Amen. Looks like many buying opportunities to me.


22 posted on 06/07/2010 1:55:27 PM PDT by PjhCPA (Vote for the most electible, conservative........all else leads to more Pelosi, Reed, and Obama)
[ Post Reply | Private Reply | To 18 | View Replies]

To: USALiberty

As soon as I get some things taken care of I’m paying the tax penalty and liquidating my 401K. Obama and the profit takers will not get any more of it.


23 posted on 06/07/2010 1:55:33 PM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: USALiberty

Blanket statements like that aren’t accurate. It depends on which stocks you are going to buy and if you are going to be investing for the long haul.


24 posted on 06/07/2010 1:57:47 PM PDT by Dayman
[ Post Reply | Private Reply | To 1 | View Replies]

To: brownsfan

That’s why it’s a good time to buy. Because there is a lot of risk. Wish I’d bought some banks back in the fall of ‘08.


25 posted on 06/07/2010 1:58:09 PM PDT by Huck (Q: How can you tell a party is in the majority? A: They're complaining about the fillibuster.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Deo volente
Didn't Woodrow Wilson already pull that trick making it illegal to own gold at that time? That's why I am not buying gold. Obama will do the same thing.
26 posted on 06/07/2010 2:01:41 PM PDT by irishfox
[ Post Reply | Private Reply | To 19 | View Replies]

To: USALiberty

Takeover, Baby, Takeover...
The Destroyer continues.
When will it end?
Time for the Young and Able to emigrate...


27 posted on 06/07/2010 2:04:58 PM PDT by billuk1
[ Post Reply | Private Reply | To 1 | View Replies]

To: irishfox

Gold was linked to the Dollar at that time! Now however, the dollar and gold are two separate entities. Neither is linked to the other. Seems there would be lots of dead govt employees if they went door to door trying to confiscate gold!


28 posted on 06/07/2010 2:07:44 PM PDT by Circle_Hook (Lies, deception and payoffs will get you everywhere)
[ Post Reply | Private Reply | To 26 | View Replies]

To: USALiberty

29 posted on 06/07/2010 2:12:36 PM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
[ Post Reply | Private Reply | To 1 | View Replies]

To: PjhCPA

Why did the BP exec sell his shares just before the blow up?

http://www.globe-democrat.com/news/2010/jun/05/bp-chief-sold-shares-before-spill/

I understand Goldman Sachs did the same thing.

http://rawstory.com/rs/2010/0602/month-oil-spill-goldman-sachs-sold-250-million-bp-stock/

Maybe holding off on investing here is a good idea for now.


30 posted on 06/07/2010 2:19:43 PM PDT by irishfox
[ Post Reply | Private Reply | To 22 | View Replies]

To: Circle_Hook
Ok. I did not know our dollar was no longer backed by gold. Isn't that a bad thing? lol
31 posted on 06/07/2010 2:23:35 PM PDT by irishfox
[ Post Reply | Private Reply | To 28 | View Replies]

To: irishfox

I don’t recall that. FDR did that, IIRC.


32 posted on 06/07/2010 2:24:57 PM PDT by savedbygrace (Rev 22:20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord)
[ Post Reply | Private Reply | To 26 | View Replies]

To: savedbygrace

You are correct. Thanks.

Executive Order 6102
April 5th, 1933

BY VIRTUE Of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled “An Act to provide relief in the existing national emergency in banking, and for other purposes,” in which amendatory Act Congress declared that a serious emergency exists, I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section do hereby prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of this order:
Section 1. For the purposes of this regulation, the term “hoarding” means the withdrawal and withholding of gold coin, gold bullion or gold certificates from the recognized and customary channels of trade. The term “person” means any individual, partnership, association or corporation.

Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve Bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion and gold certificates now owned by them or coming into their ownership on or before April 28, 1933

What’s to stop ‘ZERO’ from doing that too?


33 posted on 06/07/2010 2:32:03 PM PDT by irishfox
[ Post Reply | Private Reply | To 32 | View Replies]

To: Huck
Be careful there, Huck, m'FRiend. There are AT LEAST 2 other shoes to drop in the BP affair. Good instincts on your part, but, candidly, if you get long right now (or in the near future), you're simply too early.

Full disclosure: SAJ holds bracketed calendar spreads, long Jul/short Jun, and long Aug/short Jun. This style of trade should profit from the IV differentials in the June vs further-out options. SAJ intends to repo some short puts tomorrow on any move lower by BP.

34 posted on 06/07/2010 2:32:55 PM PDT by SAJ (Zerobama? A phony and a prick, ergo a dildo.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: irishfox
So move it out of the country. This is entirely legal to do. Further, if you invest in non-US real estate, you don't even have to report your ownership to the Feds, only any income you derive from it.

You do have to file the appropriate Treasury Dep't form if you move more than $10,000 of gold outside the US...but it will still be effectively untouchable by the Feds; consider a Panamanian account.

35 posted on 06/07/2010 2:37:00 PM PDT by SAJ (Zerobama? A phony and a prick, ergo a dildo.)
[ Post Reply | Private Reply | To 26 | View Replies]

To: skeeter

“Maybe they’re diving down the market so by the time they snatch our 401ks we won’t care.”

Bing! Bing! Bing! We have a winner!


36 posted on 06/07/2010 2:38:03 PM PDT by ebshumidors ( Marksmanship and YOUR heritage http://www.appleseedinfo.org)
[ Post Reply | Private Reply | To 4 | View Replies]

To: SAJ

Interesting.


37 posted on 06/07/2010 2:40:57 PM PDT by irishfox
[ Post Reply | Private Reply | To 35 | View Replies]

To: irishfox
What’s to stop ‘ZERO’ from doing that too?

Nothing. What's stop him from successfully doing that? Massive noncompliance.

38 posted on 06/07/2010 2:43:06 PM PDT by savedbygrace (Rev 22:20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord)
[ Post Reply | Private Reply | To 33 | View Replies]

To: brownsfan
Whatever happened to buying a stock, and accumulating wealth based on performance and DIVIDENDS?

Actually, that is exactly what a lot of people are doing these days. And the market is falling because the prognosis for these dividends simply isn't very good. This is not the same stock market that we say back in the late 1990s -- when investors bid up the prices on stocks that paid no dividends but offered apparent potential for strong capital gains.

One big reason for this change in investor attitude is that under the changes in Federal tax law passed a few years ago during the Bush administration, qualified stock dividends are given similar preferential tax treatment as capital gains (i.e., they are taxed at a much lower rate).

One of the things to consider as 2010 marches on is that these preferential tax treatments are going to disappear in 2011 . . . and that might be a big reason why so many investors are starting to sell out of the market now.

39 posted on 06/07/2010 2:44:49 PM PDT by Alberta's Child ("Let the Eastern bastards freeze in the dark.")
[ Post Reply | Private Reply | To 10 | View Replies]

To: Alberta's Child
You would be amazed how people do NOT know that;

"The lower rates will expire at the end of 2010 with the capital gains tax rate rising to 20 percent and the dividends rate rising to 39.6 percent."

The Economic Effects of the Lower Tax Rate on Dividends

40 posted on 06/07/2010 5:03:17 PM PDT by Kid Shelleen (Keep your socialized health care off my body !!)
[ Post Reply | Private Reply | To 39 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-45 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson