The markets gets spooked and the little guy panics and sells. But, the big boys have already taken short positions. It wasn’t hard to figure out that with our lackluster leadership in Washington and the upset in Europe that sooner or later a sell off would happen. And, the big boys were there waiting, ready to pounce.
The stock market is getting to be a very dangerous place for a lot of investors. It’s far too volatile with these programed trades and the short selling.
This big bruhaha with the Democrats and the Republicans and a President who is rigid and totally out of touch didn’t help matters much however. Between lack of leadership in our government, high unemployment and the mess in Europe with Greece, it’s no wonder why the markets are spooked. The investors would have to be crazy to assume all is well.
And, of course don’t forget the high price of oil. That’s acting as a wealth siphon, sucking up every extra spare dollar there is to these greedy oil companies.
I gassed up two cars this week and the tab was almost $100. That’s just plain nuts. It cost me almost $100 to gas up two Toytoa Camrys.
So, the middle class is getting pounded on all sides. We have lackluster leadership in the White House. Clueless leadership in the House and in the Senate. Greedy oil companies. And, countries like Greece who have been restructuring their debt and hiding it for years with the help of companies like Goldman Sachs so that they could join the EU.
We have a tough road to hoe simply because we have no jobs.
The only country that is doing well is China, thanks to all the US jobs. The Chinese are buying new Rolexes, Louis Vuitton luggage and new Buicks, and other luxury goods like they are candy with all the money they have made from the US.
And, we are still stupid enough to keep outsourcing. This is like the president of Coca-Cola telling everyone to go buy Pepsi. Very soon Coke would be out of business.
And, that’s what’s happening to the US. We are going out of business. If all of a sudden we were blockaded, we couldn’t make any consumer goods to speak of.
And, that’s just how the Roman Empire fell. They started outsourcing their army and paying the Barbarians to take care of them. And, once they couldn’t make their payments, the Empire fell.
The US is in serious trouble. You can’t have money flowing into our Treasury if peopel aren’t working and not paying taxes. You can’t have money for consumer goods if people don’t have jobs. And, you can’t have jobs, if you keep sending them overseas.
My best friend had a job in computers for over thirty years with a large company. He wound up training his replacement, who was from India, and now my friend had to take an early retirement.
America is a sick nation. And, her leaders are even more bankrupted.