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Originally Posted by Guest
Trumps friends assets will boom...they'll all become very wealthy during/after their stint.
The markets rise is DUE to borrowed money pumping it up. We're in a depression being covered up by over $ trillion in borrowing a year.
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I too do my fair share of complaining re: "very wealthy."
That thought is in plainspeak anyone who has more money than you do. If, you THINK, you will realize that YOU TOO make money in the EVIL stock market. If, you do not have personal stock market investments, you are feeling shouda, coulda, mighta. Even if you do not have personal investments if, you have a pension etc you make money in that ponsi scheme we call the stock market. By the way, the stock market is way up because our government is manipulating interest rates leaving you no safe place to put your savings.
Re: borrowing to pump up the economy.
That is classic Keynesian theory. The hard part is knowing when to stop. Other than the fact that government has never gotten this right-here we are once again.
Borrowing as far as government is not at all the same as your borrowing. Social Security holds 42% of the national debt. There is no term to the loan. There is no rate of interest-AND IF WE WHO PAID INTO THIS SYSTEM DECIDED TO CHARGE EMBEZZLEMENT, WHICH IS WHAT IT IS, WHO WOULD YOU CHARGE AND WHAT COURT WOULD YOU SUE IN?
We are uncomfortable because we know we are being had.
Your dollar is no longer backed by gold or silver it is the full faith and credit of the United States. As we read these posts. Full faith and credit of the United States is being diluted by the actions of our government.