Hey Lady, Did you know their is too much money at the top class?

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   bgamallposted 13 years ago

   Lady, did you know that the Japanese house bubble of 1986 and the US house bubble of the last decade were fueled by too much money at the top classes? The combination of too much money, low interest rates, and reckless lending caused both housing bubbles.
   
   You pay too much for coffee, for gasoline, for everything, all because the hedge funds are stuffed to the gills with money from the rich. If the savings rested with the other classes it would help society. But being at the top it actually speculates against society and is destroying our society.
   
   Sorry, there, not their.
   
   
   "Simply put, economic bubbles often occur when too much money is chasing too few assets" http://en.wikipedia.org/wiki/Economic_bubble
   
   Add to too much money, too much hedge fund leverage and you have easy money lending and artificially priced CDO's without risk taken into account.

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      bgamallposted 13 years agoin reply to this

      She can't answer this folks.

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         lady_love158posted 13 years agoin reply to this

         There's nothing to answer its a false premise. You make the assumption that hedge funds have all the money and are bidding up the same assets. You further expect us to believe if that money was spread throughout society demand wouldn't change at all and neither would prices. Its a ridiculous notion.

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            Evan G Rogersposted 13 years agoin reply to this

            ... why'd he expect you to answer him in only 12 minutes?

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               lady_love158posted 13 years agoin reply to this

               Lol! We all have issues we feel passionate about!

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            bgamallposted 13 years agoin reply to this

            If hedge funds had less money to gamble with there would be less gambling. Sort of a no brainer Lady. But that hasn't gotten in your way before either.

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      Evan G Rogersposted 13 years agoin reply to this

      this is nonsense. These collapses were created NOT because there was "too much money in the top classes", but because we have drunken sailors operating the monetary system today.
      
      Modern Monetary Theory is a complete joke. "Hey, instead of saving money for things you actually want, let's just print money out of thin air and spend it on stupid shit to make the numbers look bigger!!... be careful to keep the amount of money you create small so that on a year to year basis the fact that we're printing money out of thin air is harder to see".
      
      PS: "their" is different than "They're" is different than "there".

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         bgamallposted 13 years agoin reply to this

         Sorry, you are incorrect. Study the Japanese bubble and you will find out otherwise. The Bush tax cut for the rich actually spurred the same thing in the United States. Unless you are prepared to disprove what has been studied, you are just whining.

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   psycheskinnerposted 13 years ago

   Who on earth are you talking to?

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      andycoolposted 13 years agoin reply to this

      When to much newly printed money chase too few assets bubbles are created... look at silver... it's clearly in bubble territory. But for crude I can't say so, it's fundamental and it's going to reach 200 by 2015, still it will not be in bubble zone. Same is true for gold! 
      
      I think hedge funds are new breeds of capitalism, but the concept is unique! Isn't it? Proper hedging can make you a millionaire overnight!

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         Evan G Rogersposted 13 years agoin reply to this

         nah, silver already collapsed. It's going to rebound though.

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            andycoolposted 13 years agoin reply to this

            Silver already bounced back from 33 to 39! It's going to cross 50 and then crash again. Fair value is not more than 30.

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         lady_love158posted 13 years agoin reply to this

         Tell that to my idiot broker! Lol!
         
         They do serve a useful purpose contrary to popular belief.
         
         Fair value is what a buyer is willing to pay. Is there a bubble is silver and gold? That depends on whether or not the feds can return the money supply back to where it was 6 years ago. I'm betting they can't as are hedge funds and commodity traders everywhere and history is on their side.

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            andycoolposted 13 years agoin reply to this

            Brokers are always like that... like casino owners.

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               C.J. Wrightposted 13 years agoin reply to this

               Casino's are regulated better..........

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                  bgamallposted 13 years agoin reply to this

                  You are correct, CJ.

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   Evan G Rogersposted 13 years ago

   HEY BGAMALL!!! DID YOU KNOW THAT YOU SHOULD HAVE USED "THERE" IN YOUR FORUM POST?!?!?!

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      Evan G Rogersposted 13 years agoin reply to this

      What?!?! you haven't responded yet?!?!?!

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         Evan G Rogersposted 13 years agoin reply to this

         WHY HAVEN'T YOU RESPONDED YET?

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            Evan G Rogersposted 13 years agoin reply to this

            BGAMALL CAN'T RESPOND TO POSTS EVER!!! HE OBVIOUSLY HAS NO SUBSTANCE TO HIS ARGUMENT!!

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      John Holdenposted 13 years agoin reply to this

      Yes, he did, he corrected himself in the first post before anybody had replied.

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         bgamallposted 13 years agoin reply to this

         Thank you John.

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            John Holdenposted 13 years agoin reply to this

            My pleasure

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         Evan G Rogersposted 13 years agoin reply to this

         ... that wasn't really the point of my argument.
         
         he demanded that LaLo respond in under 12 minutes to new forum.

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      bgamallposted 13 years agoin reply to this

      Did you noticed that I acknowledged that? Or did you bother to read?

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         iQwestposted 13 years agoin reply to this

         Bgamall - You are correct and you're never going to convince those who feel good about the elderly having to hold down jobs at Walmart or think it's okay that the American people have to pay tens of thousands of dollars every year for healthcare (if they can get it).

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            HattieMattieMaeposted 13 years agoin reply to this

            Yeah it is going to have to take each one of us at a time to change our society! lol

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            lady_love158posted 13 years agoin reply to this

            Define erderly.... because it sure isn't 65 or 50 for that matter.

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               bgamallposted 13 years agoin reply to this

               How old are you? How would you know?

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