Posted on 12/07/2014 8:02:25 AM PST by expat_panama
Soap box time.
Even as we speak the hired help in Washington are working out how to deal with the fact that the current budget continuing resolution expires this Thursday. We got rumors galore on what they're coming up with but let's face it-- this is just not their strong point. We're in a situation where the hired help is going to need our intensive supervision. I know it's a lot of work to keep 'em in line but it's what we do.
We can google here to find your congress contact info and I found this site good for senators and this one for my house member. Congress has been hearing how the loony press wants everyone to agree w/ the loopy left on more tax'n'spending. It's our job to tell 'em we need:
- spending cuts on 'human recourses' (which gets most spending),
- personal and corporate tax cuts on both incomes and capital gains,
- borrowing limited by congress --no more 'blank checks'.
Let's remind congress:
The constitution says congress decides how much to tax and how much to spend and president is required to either comply or get nothing. If the president chooses a government shutdown then so be it. We can wait for January 6, 2015 and let the 114th congress override his veto. You must neither vote for business as usual nor even vote to restrict debate and allow others to conduct business as usual.
There simply is no more money to be spent. The BLS, the BEA, the Census Br, and the Federal Reserve have the facts and the facts speak for themselves:
- that 12 million people lost their jobs w/ the 110th congress--
- 4 million more went w/ the 111th bringing the total to 16 million job losses that have not yet been replaced,
- of those that did keep their jobs, over 3 million were demoted from full to part time work,
- the median family income has been slashed 9%,
- real per capita wealth has fallen.
The money is simply no longer there.
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btw, the current state of investments is fine; stocks at all time highs and precious metals continues to stabilize its 3-week base. For now.
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This is the thread where folks swap ideas on savings and investment --here's a list of popular investing links that freepers have posted here and tomorrow morning we'll go on with our--
Open invitation continues always for idea-input for the thread, this being a joint effort works well. Keywords: financial, WallStreet, stockmarket, economy. |
Telling-congress-hands-off-our-money ping
fwiw, something else that might work better is to hand write a note and fax it using a ‘free fax’ website. [house member faxed, working on senators...]
A related thread
Great (and Not so Great) Moments in Tax Avoidance
http://www.freerepublic.com/focus/f-news/3234686/posts
GRRRRRRREAT post and comments BUMP!
Happy new week! Futures trading is generally down 1/4% leaving stock indexes at -0.29% but with metals +0.44% --Itally's downgrade, Japan's slump, and $68 oil being blamed. No reports --they always seem to dump the load toward the end of the week. For those of us w/ individual stocks now have this Yahoo site w/ the earnings reports, kind of a headsup on potential price lurches from unexpected earnings.
tx! A lot of controversy over how much good writing to congressmen does, but my experience w/ past issues is that it does have an impact.
Project Prophecy
predicts imminent $100 trillion U.S. collapse
http://pro.moneymappress.com/MMRBSSH39PPM2/PMMRQB88/?iris=267040&h=true
Futures see metals soaring and stock indexes off this morning after yesterday's stock selloff (distribution count now at three for both the S&P and the NASDAQ). Just 2 reports today @ a half hour after opening: Wholesale Inventories and JOLTS - Job Openings. Someone tell me they see something different but imho we're getting lots of signs of a typical index top.
Why is the stock market tanking today? And that while my drilling stocks have improved a bit.
In the meantime I'm definitely seeing a great time for profit taking, either prices will continue to plunge and I can smirk, or they'll rebound (like they're doing now) and I can ignore it and enjoy my profits.
Huh. After all that fuss about a record sell off the S&P ended flat and the NASDAQ actually came out ahead a half %. Today futures see 'em off slightly and they got metals off a bit more. Reports today - MBA Mortgage Index, Crude Inventories, and Treasury Budget.
Otherwise, GOOD MORNING!!
Meanwhile, energy continued weak.
I want to thank you for doing this thread so faithfully, yours is the one I look at daily now.
if the guy’s first name is Shah, he is probably an Arab, and possibly Moslem, who can understand or believe someone whose religion instructs him to lie to the other
Yeah, right now energy futures are tanking @ -0.96%. Price of oil has perched at $65.60 for a couple days, we’ll see how that holds.
lol — OK, then I’ll keep at it! Seriously last year at this time the chatter was so slow that I took the month off; a month later I took a break ‘cause I was concerned that I may be intruding/spamming. Thing is that I have to check all this stuff anyway and the act of posting it for others is an excellent way for me to confirm that I’ve been paying attention. Another benefit here is the feed back but like I said, this is ‘slow-season’.
Just the same, tx fer the kind word.
There are a lot con-artists that pounce on forums like this with pump’n’dump schemes. Fortunately FR is a moderated thread so we’re more protected, but occasionally we do hear from the ‘trust-me & give-me-your-life-savings’ crowd.
What do you make of the Nov 16th ‘money died at G20’, where one’s larger savings, retirement funds, and investments are going to become ‘Bank Capital’, and can be lost during the next Market Crash....when banks are crashing?
Will this destroy the Middle Class 401ks etc?
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