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<p>[QUOTE="Michael K, post: 2805260, member: 78298"]I am bullish on stocks. Long term they have only gone up. Any "corrections", 1929, 1989, (whenever the other crashes occurred) they have always recovered and gone higher. </p><p>Let's see a chart (graph) of gold, silver and the US stock market for the last 100 years. I bet that would be interesting.</p><p>As for these things having an illusion of value, our created for obsolescence consumer driven economy, inflation, the outsourcing of jobs to India,China and Mexico, the over printing of money with nothing backing it, the national debt which is unpayable, the social security system which is a Ponzi scheme, since new investors are required to pay in, to pay off old investors,</p><p>is all a large pyramid scheme destined for collapse.</p><p>In 2008 when there was a recession, I said, the worst thing that could happen was for all of these big companies to lay off workers. It is better for the economy if all of these companies, were just able to break even. Instead, concerned about their stock prices, and their "bottom line", they ALL laid off tens of thousands of workers, spiraling the recession even worse. You have to keep people employed. Once you start laying off people, then they can't afford to buy stuff which keeps this whole facade rolling. People were losing high paying jobs, and then were fighting to get jobs delivering pizza. That's not how you keep the economy from collapsing.[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 2805260, member: 78298"]I am bullish on stocks. Long term they have only gone up. Any "corrections", 1929, 1989, (whenever the other crashes occurred) they have always recovered and gone higher. Let's see a chart (graph) of gold, silver and the US stock market for the last 100 years. I bet that would be interesting. As for these things having an illusion of value, our created for obsolescence consumer driven economy, inflation, the outsourcing of jobs to India,China and Mexico, the over printing of money with nothing backing it, the national debt which is unpayable, the social security system which is a Ponzi scheme, since new investors are required to pay in, to pay off old investors, is all a large pyramid scheme destined for collapse. In 2008 when there was a recession, I said, the worst thing that could happen was for all of these big companies to lay off workers. It is better for the economy if all of these companies, were just able to break even. Instead, concerned about their stock prices, and their "bottom line", they ALL laid off tens of thousands of workers, spiraling the recession even worse. You have to keep people employed. Once you start laying off people, then they can't afford to buy stuff which keeps this whole facade rolling. People were losing high paying jobs, and then were fighting to get jobs delivering pizza. That's not how you keep the economy from collapsing.[/QUOTE]
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