This is a really fun time in human history actually

What we are witnessing today is the mere capitulation of an experiment that didn't work. Capitalism. So for the US or any country to sustain this current standard of living, it needed the huge pyramid of the rest of the world's worker bee population to remain at substandard, and mostly poverty levels of living. For the very formation of capital in this structure requires that others capitulate and submit to the demands of working for far lower wages to do the jobs all the way up each level of the rank and ladder to sustain the living standards of the "rich." So now we are witnessing the total destruction of this experiment. How can one draw this conclusion ? Do the math folks. Is it possible for every man/woman family (6 billion or so on the planet) to have a 2 story 3000 sq foot house, 3 car garage, 3 TV's, 2 computers, 2 cars, or suv's, $100,000 college education for their kids, and a fully funded retirement that nets them $100k per year til they die ? No. Why ? Because if the planet produced all of that, and everyone had it, production of most goods and services would have to basically then stop completely, and then again the world would implode economically. Since we are 6% of the Planets' population, and consume over 25% of its resources, obviously not everyone can live at this same standard of living. And how is it fair for us to do so, and not them ? So to sustain our current "living standard," our country has "borrowed" (really usurped) at least $15 trillion of public debt to do so, and every US man women and child has on avreage at least another $200,000 of their own private debt to maintain this "western" standard of living. Other countries like china, india have been racing to "catch up" their massive populations to this "idealized" level of living, but as all are finding its simply an impossible endeavor. So as a result we have all these countries warring for their alienable "fair share", the US "protecting" its "interests" and financiers worldwide attempting to leverage and "protect" their interests via these things like modern 'weapons" (of MD) called derivatives ($500 trillion worth) which are now imploding at a pace so rapid it is nearly instantaneously destroying the underlying value of EVERY single underlying asset. Nothing can go unscathed at this point or untouched. Hence, this is why its so profoundly simple to see that the Dow,( just like the Nikkei hasn't for 19 years), wont return to its former peak. That is if we are using the current value of the dollar. The only way it can now return to that type of a "number", if that is, our collective nation's desire, is to debase and devalue the currency. (which is being done in grand fashion today) Where is the Nikkei today ? at 17.5% of its former peak that was around 40,000. 19 YEARS LATER. over 80 % lower. What makes our government think they can get out of this mess, by doing exactly what the Japaness government has been doing for 19 years and its still not working ? In fact, they are actually doing far worse things, than merely lowering rates to near zero, and printing more money by the gazillions. So if you keep this in mind, this becomes an "easy" market to trade. kind of. But its really a fun time, depending how one views it, since we are accomplishing in about 10 years or less what it took the Roman Empire to do in over a century. Boy time sure "flys" doesn't it ?

Edited by nimblebear, 03 March 2009 - 01:03 PM.

Oh, and have a nice day mm

Ya right... Lost my house... My job... My wife...10 K on the bounce fom 750, its a wonderful time. Your a sick man

$USD going to 108, safe haven buying I guess.

First of all, I want to thank a number of you guys for posting some hellish TA. It deserves attention and accolades.

Which brings me to my next point: We need to try to stay a bit more on TA than we have been. We need to completely avoid politics and political digs. It's against the TOS that you agreed to when you registered.

This is an odd time, and I've allowed a bit of near political talk because the government is involving themselves in the markets and it makes sense to pay a little attention to that. But that's not an excuse to get political. If you've been here a while, you know why I don't allow it. This is a warning that repeat offenders are going to find more than their posts removed.

Imagine that your readers are diametrically opposed to you politically. If you think your comment might rankle them even a little bit, don't post it. No good can come of such stuff.

Frankly, some of the stuff we've been seeing shows a disrespect for what we're trying to create and maintain here.