Net worth of U.S. family drops 40% in 3 years

Discussion in 'Politics' started by get_involved, Jun 12, 2012.

  1. get_involved
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    get_involved Gold Member

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  2. OohPooPahDoo
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    OohPooPahDoo Gold Member

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  3. Clementine
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    Clementine Platinum Member Supporting Member

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    Well, then you obviously didn't invest in any of the green companies, like Solyndra, that Obama supported.

    Most I know are worse off. Even those still working don't have as much money left over with the rising cost of everything.

    There have been increases in welfare spending, so I am sure some people have more than a few years ago.
     
  4. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    I guess I just worked harder and had more personal responsibility than every one else, right?
    That IS the right wing view of things, right?
     
  5. editec
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    editec Mr. Forgot-it-All

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    The bedrock strata of our national economy, the American working classes, have taken enormous hits in economic solvency.


    Does this have anything to do with their failure to take personal responsibility for their lives?

    Of course not.

    The people hurt by this economic machination created by handful of international BANKSTERS are the very people who created the American wealth that these criminals have basically stolen.

    How was this done?

    By manipulating of the amount currency circulating in our economy.

    Until the USA finds the political will to take control over the amount of specie in circulation, the BANKSTERS will have the ability to ramp up the economy by adding money to the system, and then when they feel that its time to sieze the assets created during those halcyon days, they can gain control over that newly created wealth by once again reducing the amount of money in circulation.

    On this issue of curency manipilation , both the rightests and the leftests who study the macro-economy agree, folks.

    Our current economic system is NOT a capitalist system, folks.

    Neither is it a socialist or communist system.

    I'm not sure we even have a name for this swindle.

    But our economy is entirely the puppet of the manipulators of the currency, kiddies.
     
    Last edited: Jun 12, 2012
  6. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    The United States of America
     
  7. g5000
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    g5000 Diamond Member

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    The derivatives bubble goes even deeper than this. Personal retirement accounts were not the only investors hit.

    Insurance companies make most of their profits from investments, not premiums. So when they lost their asses when the derivatives bubble popped, guess what happened to insurance premiums?

    College endowment funds make their money from investments. So when they lost their asses when the derivatives bubble popped, guess what happened to tuition and scholarships?

    Public pensions depend on a decent return on investment to meet their future outlays. So when they lost their asses when the derivatives bubble popped, guess what happened to public pension funds and their ability to keep their promises?



    Your pocket was picked six ways to Sunday by Wall Street and its derivatives bubble.
     
  8. The Rabbi
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    The Rabbi Diamond Member

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    • Thank You! Thank You! x 1
  9. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    How do we fix it?
     
  10. g5000
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    g5000 Diamond Member

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    The derivatives bubble enabled trillions and trillions and trillions of dollars to be lent to high risk borrowers. Home buyers, corporations, and governments.

    The risk of lending to these high risk borrowers was transferred from the lenders (the broker-dealers) and dropped into the laps of investors (pension funds, retirement funds, insurance investment funds, college endowment funds, city treasury investment accounts, etc., etc., etc.). The level of toxicity of this risk was kept from the investors. In some cases, the banks not only kept the toxicity a secret, they then bet against the very products they had created and sold to investors.
     

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