Posted on 07/10/2014 9:29:58 AM PDT by Kaslin
Tell that to those Americans who KNOW how to handle their finances.
The “Lie Bubble”....
The Last Bubble to Burst....
I’m not in the “top 1%” and certainly far from it 40 plus years go when I started investing. It helped enable me to retire at age 54.
Wall Street is rigged. I trust those folks as much as I trust our government.
Of course, right now there’s no true market in the U.S. Thanks to Fed Reserve QE to infinity, we’ve got worthless fiat currency heavily manipulating the stock market. This includes propping up insolvent banks and tech companies that have lost money since day one with no viable business plan to ever earn a profit.
America is becoming a country of fools, serfs and Alinsky bred puppet masters.
Social Security is on its death bed.
But what scares me most is a plan to seize private retirement accounts. The Dow is at 17,000? Why that can only mean the fat cat Wall Street Bankers are stealing from the poor again. And they must be punished. And how do we prop up the Social Security mess also?
By taking State control of individual retirement accounts and 401(k)’s.
The Fed announced yesterday that QE would end in October. Look out below!
Wall street thrives but Main street is dying under Obama.
Almost all pension plans are invested in stocks, be they individually directed plans like 401Ks or institutional plans.
So almost everybody who works and has a pension plan is invested in the stock market whether they know it or not.
It went below the magic figure of 17,000 that had a lot of idiots excited.
17,001 is barely different from 16,999.
It goes up, and it goes down.
BTW, it is never adjusted for inflation, so the numbers are useless.
“A rising tide lifts all boats.”
17,000 isn’t a tide. It’s a lock in a canal that is going to burst due to inequality of pressure.
Remember not too long ago how the Dems were screaming about privatizing social security by sending it to that "casino" on Wall St?
Now at Dow 17000 they say "look at Wall St" to point to their economic successes.
(very confusing)
Wah wah wah boo hoo. No one is excluded from participating in the stock market. If you choose to invest in beer cigarettes and scratch off lotto tickets instead of stocks that's your problem. My sympathy for those who didn't buy stocks and are now envious because stocks have appreciated approaches negative infinity.
Firesign Theatre, circa 1972.
:)
It should also be adjusted for dividends. The choice of whether to pay dividends or do things like stock buybacks to drive up the price are often based on the current tax rates. If capital gains are taxed less than dividends the companies will use profits to try to drive up share prices rather than send the profits to the owners. A true index will not be tricked by price run-ups during those times.
Yes it's all a big conspiracy to get money from poor people because EVERYONE knows that poor people are where the money is.
Per what person? Are they saying the average black collects $10,000 less?
Are they saying every white person collects $10,000 more?
Or are they trying somehow to say that a black person pays so much in that white people will be collecting $10,000 more on account of that?
Keeping in mind that there are at least six times as many whites as blacks, that would either be a pretty watered down $1667 dollars per white person--because I don't see how the black person could be paying in $60,000 more than the white people making the same amount did, over the same time period.
Gibberish...
If some people collect more than others because they live longer, they didn't collect any more per month than someone collecting equal benefits who dies, up to the end of the latter person's life. If they are dead, they don't need the check, right?
When it was really low the MSM said “Well it’s only a number” now it’s really something????
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