Posted on 01/30/2012 8:43:19 AM PST by Hojczyk
Rogers told CNBC that the timing of an IPO this week would be a smart move by Facebook.
"It's been demonstrated many, many times before that sellers are usually smarter than the buyers, and they usually know when the best time to sell is, and Facebook is doing it," he said.
Turning to the broader US economy, Rogers said the United States looks and feels better because the government is throwing money at it.
"There is an election in November 2012. Every time there is an election, the government pumps as much money as it can so it can to win the election. Of course things are going to look and feel better because Bernanke is printing money and Obama is spending money," Rogers said.
He added that the US public are essentially "saps," being fooled by a government eager to harness as many votes as possible in an election year.
"They want to fool all of us saps and get us through the elections, and then they'll say we'll worry about those saps next year," he said.
(Excerpt) Read more at finance.yahoo.com ...
That’s great and continue to follow your passion!
ONLY you know what is best for you. Good luck and God Speed!
Don’t buy Facebook thinking you’ll retire on those shares in 20 years, or even 5 years. It’s this month’s collectible tulip.
MySpace was the go-to site before Facebook. The Left’s NewsCorp boycott made that a chump site.
People aren’t happy at Facebook and won’t necessarily be there in 5 years or even 2.
IMHO, the NEXT Facebook will be a social interactive site that somehow inhibits exactly what I describe above. This will bring the cool factor back in. The key will be to create a social site that you can somehow block employers, ex-spouses and especially parents from viewing your activity.
Regards,
TS
Over Christmas, I noticed this behavior from the youngsters in the family. They were tweeting from their new devices and said they weren’t as interested in FB. Ages are 15 to 25, and a nephew who is 30 now tweets almost exclusively. If this is a real trend that’s building, there could be a tsunami of youth catching the wave and leaving grandma and grandpa up a tree with their stash of grand-baby pictures.
I agree, since I'm one of them (though I'm trying to change that). I have noticed that it's not really taught. You have to seriously seek out the information yourself and plow through the jargon and the complexity. It's not surprising that not many people understand it.
What you are thinking about already exists: Google+. You can create circles and post updates globally, to an individual “circle”, or groups of circles. I have already seen a strong teenage migration to Google +. Therefore you can post things that your friends see, that your family will never see.
I heard from a friend of mine that when you own stocks today that they don’t send you actual, fisical stocks that you can hold in your hand. They just send you confirmation that you own some stocks...
Is that true???
That is true. You no longer get the “hard copy” any longer, but you do get a computer print out with the information on it like they do with your bank statement. A little weird but it actually is a better way of “not losing” your stock certificates.
Regards,
TS
Your money is in the DTCC...
You may want to do some research on them...
Here is a clip from an article about the DTCC...
Until January 1, 2009, a person could hold a physical stock certificate, bond, equity, etc.,an actual piece of paper in your hand as proof that you “owned” something out there inthe financial realm. After January 1, 2009, that transaction was changed to electronic onlywith your name by it. At that point, both you and your money were officially transportedinto cyberspace. Then, without anyone’s permission, your electronic investment was switched from your name to your broker’s name or the brokerage firm’s name. At that juncture, your name was once removed from your money, and you are not even in cyberspace anymore. Then without anyone’s permission your investment was switched or transferred from your broker’s name or brokerage firm’s name to a company called Cede& Co., which is one of the subsidiaries of the DTCC. Now you are twice removed from your money.
The next question to be asked is, who owns the DTCC and its 10 subsidiaries? Accordingto Wikipedia, “The DTCC is a privately owned holding company located in New YorkCity. The specific owners are the New York Stock Exchange (NYSE), the National Association of Securities Dealers (NASD), American Express (AMEX), banks, andbrokers. Its total assets are well over $30 trillion. “DTCC is a member of the U.S.Federal Reserve System, and is a registered clearing agency with the Securities andExchange Commission (SEC). The DTCC is the world’s largest post-trade financial services company. It was set up to provide an efficient and safe way for buyers and sellers of securities to make their exchange, and thus ‘clear and settle’ transactions. It also provides custody of securities.”
The Federal Reserve System - - a private group of bankers, brokers, insiders, and global elite legally own every dollar in the DTCC “money pool.” But they weren’t content withthe $2 quadrillion. They opened a new branch to their operation last year. In a February10, 2010, article by Zero Hedge’s Tyler Durden, entitled “Enter Cede & Co. II; The Fedis Now Backstopping $25 Trillion in DTCC Cleared Credit Default Swaps,” he explainswhat the Fed’s next move was to insure that their crowd will be thoroughly healed when they make their next giant casino Credit Default Swap (CDS) moves.
The article states, “The Federal Reserve Board had approved its application to establisha DTCC subsidiary that is a member of the Federal Reserve System to operate the Trade Information Warehouse (Warehouse) for over-the-counter (OTC) derivatives.” The Fed officially opened that subsidiary on March 1, 2010, and there is a $25 trillion money pool waiting for the big boys when it is time to cash in their credit default swaps.
In other words, the Federal Reserve through its DTCC Information Warehouse is now the guarantor for all the CDS transactions that clear via the DTCC, up to $25.5 trillion. Sowhen the next meltdown of an AIG, or Fannie Mae or Freddie Mac or Greece or Spain,or Ireland, or California comes, these sleaze-bag thieves in high places can collect ontheir CDSs. And guess whose money they will pilfer? You guessed it - - yours - - in theDTCC money pool.
We have also heard recently how a number of foreign countries have actually nationalized or taken pension funds to backstop their debts. For example, France,Hungary, and Ireland have already done that. There have been rumblings here in the U.S.for quite some time of doing the same thing here with pension funds, 401Ks, and IRAs.The day might not be that far away when Obama and his motley crew decide to do thesame thing, all in the name of “redistribution of wealth” or “national security.”
I think it is unlikely. You would need 3 branches of government agreeing with the theft. I think what is more likely to happen is a reduction in the amount one can defer and possibly a reduction in age for RMD(Required Minimum Distribution) to generate more tax revenues.
That said, there is the possibility that Warren Buffet may get his wish and get taxed at 90%. It has happen before and could happen again..
You are wrong.
All it takes is the collusion (either deliberate or through ignorance induced default) of two branches. The judiciary can't act independently, it can only respond to the other two branches, and thus is easily ignored,
As we have experienced the last three years, anything is possible once crimes have no consequences. Our national financial bankruptcy is a done deal, most of us are just not aware of it yet. And it was made possible only by exactly the collusion of the executive and legislative branches of government. One of those branches controls all the heavy weapons.
I just read those incomprehensible paragraphs in post #30, and realize that not all scams are comprehensible to the average person, certainly not to the elected guardians who are increasingly virtually illiterate.
There is much justification for gloomy pessimism.
And to think that most voters actually think that increasing deficit spending into the indefinite future is an option!
We don't have anything to worry about until the election in November. If the democrats get full control again, then we can start worrying.
I just don't see out right forcing existing retirement funds into some government annuity. I could see them offering favorable tax treatment to convert.
If the individual mandate sticks in Obamacare, that would certainly open the door to force people to buy what ever retirement funds the government tells you to. That would be for new contributions.
I agree.... FB has hit it’s zenith. It’s all down hill from here.
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