Financial Markets Crumble As Greece Rejects Austerity, China Teeters On Collapse

Addicting Info ^ | 6 July 15 | Nathaniel Downes

[Diana in Wisconsin]

Markets are meant to be cornered and defeated!

I was trained to be a Financial Planner in a former life; what a crock that was. I’m so glad I didn’t waste 20+ years of my life lying to people.

I sleep the sleep of Angels. Keep your powder dry! :)

[Diana in Wisconsin]

Frozen OJ Futures. The other OJ has no, ‘future.’ ;)

[Diana in Wisconsin]

;)

[Diana in Wisconsin]

Best line in the movie?

“I’ve got my money in laddered CDs. I figure five more years on my back and I’m out of here!”

Sisters are doin’ it for themselves! ;)

[Drango]

uhhhhhh...The markets didn’t crumble.

[jwalsh07]

Abolishing the fed would be a fine blow to the plutocracy that has overwhelmed our Republic, don’t you think?

[Toddsterpatriot]

Why? What would abolishing the Fed accomplish?

[jwalsh07]

I just told you. I know you’re a smart guy. I didn’t know you were a plutocrat. :-)

[Toddsterpatriot]

News to me as well.

[MaxMax]

Gov would need to be slashed 50% minimum, Corp taxes brought down to
reasonable levels to bring manufacturing back. But yea, slashing the
Fed could be done overnight and accomplish many good goals.

But for how long? Roosevelt raised taxes to 90%+ when he took office and
crumbled us for 11-years. And people still would've voted again for the bastard.

Lots to talk about when taking down the Fed reserve. Very complicated.

[Toddsterpatriot]

Lots to talk about when taking down the Fed reserve.

Why? What does the Fed's elimination accomplish?

[MaxMax]

For starters it brings accountability back to elected officials in DC. For too
long printing money has been the fuse to our debt crisis and nobody has the brass
to stop them. Deniability because the Fed Reserve are private bankers.

Right now printing 80-billion a month.

We're talking trillions unaccounted for, and not one audit in my lifetime.
It's all of our debt, and our country at stake.

[Toddsterpatriot]

For starters it brings accountability back to elected officials in DC.

How?

Deniability because the Fed Reserve are private bankers.

But they aren't private.

Right now printing 80-billion a month.

QE ended last October.

We're talking trillions unaccounted for

How do you figure?

and not one audit in my lifetime.

They're audited every year. Audits are available online.

It's all of our debt, and our country at stake.

What does "our debt" have to do with the Fed?

[MaxMax]

What is up with the million questions? Can't you get out there ands find those answers?
Sorry to be so blunt but I'm not in the mood to hand feed anybody.

Go find out what the Fed Reserve is, start there and GL.

[cornfedcowboy]

This will be blamed on climate change. Not kidding.

---

Your cynicism sucks......because it is probably right.

[Toddsterpatriot]

I'm asking questions because it's obvious you're confused.

[MaxMax]

But they aren't private

Who Owns The Federal Reserve?

The Fed is privately owned. Its shareholders are private banks

Next time look it up before you hit that post button! Took me all of
two seconds to find that on the net.

[MaxMax]

I knew you were a damn troll. F-off.

[cornfedcowboy]

The economic risks themselves can be kicked down the road a long long time. The geopolitical risks will be more severe and quicker than most believe IMO. The citizens of Spain are watching this situation very closely. A comparable “no” vote coupled with potential default in Spain will absolutely destroy the EU. At that point the Chinese get involved with our debt to aid the EU...............oh boy that will be a problem.

[Toddsterpatriot]

Yes, pointing out your many errors makes me a troll....or you an idiot.