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

  1. bgamall profile image81
    bgamallposted 6 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. smile


    "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.

    1. bgamall profile image81
      bgamallposted 6 years agoin reply to this

      She can't answer this folks.

      1. lady_love158 profile image58
        lady_love158posted 6 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.

        1. Evan G Rogers profile image77
          Evan G Rogersposted 6 years agoin reply to this

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

          1. lady_love158 profile image58
            lady_love158posted 6 years agoin reply to this

            Lol! We all have issues we feel passionate about!

        2. bgamall profile image81
          bgamallposted 6 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. smile

    2. Evan G Rogers profile image77
      Evan G Rogersposted 6 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".

      1. bgamall profile image81
        bgamallposted 6 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.

  2. psycheskinner profile image82
    psycheskinnerposted 6 years ago

    Who on earth are you talking to?

    1. profile image0
      andycoolposted 6 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!

      1. Evan G Rogers profile image77
        Evan G Rogersposted 6 years agoin reply to this

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

        1. profile image0
          andycoolposted 6 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.

      2. lady_love158 profile image58
        lady_love158posted 6 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.

        1. profile image0
          andycoolposted 6 years agoin reply to this

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

          1. profile image60
            C.J. Wrightposted 6 years agoin reply to this

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

            1. bgamall profile image81
              bgamallposted 6 years agoin reply to this

              You are correct, CJ.

  3. Evan G Rogers profile image77
    Evan G Rogersposted 6 years ago

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

    1. Evan G Rogers profile image77
      Evan G Rogersposted 6 years agoin reply to this

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

      1. Evan G Rogers profile image77
        Evan G Rogersposted 6 years agoin reply to this

        WHY HAVEN'T YOU RESPONDED YET?

        1. Evan G Rogers profile image77
          Evan G Rogersposted 6 years agoin reply to this

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

    2. John Holden profile image60
      John Holdenposted 6 years agoin reply to this

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

      1. bgamall profile image81
        bgamallposted 6 years agoin reply to this

        Thank you John. smile

        1. John Holden profile image60
          John Holdenposted 6 years agoin reply to this

          My pleasure smile

      2. Evan G Rogers profile image77
        Evan G Rogersposted 6 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.

    3. bgamall profile image81
      bgamallposted 6 years agoin reply to this

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

      1. iQwest profile image55
        iQwestposted 6 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).

        1. HattieMattieMae profile image69
          HattieMattieMaeposted 6 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

        2. lady_love158 profile image58
          lady_love158posted 6 years agoin reply to this

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

          1. bgamall profile image81
            bgamallposted 6 years agoin reply to this

            How old are you? How would you know?

 
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