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

Jump to Last Post 1-3 of 3 discussions (29 posts)
  1. bgamall profile image68
    bgamallposted 12 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 image68
      bgamallposted 12 years agoin reply to this

      She can't answer this folks.

      1. lady_love158 profile image61
        lady_love158posted 12 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 image61
          Evan G Rogersposted 12 years agoin reply to this

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

          1. lady_love158 profile image61
            lady_love158posted 12 years agoin reply to this

            Lol! We all have issues we feel passionate about!

        2. bgamall profile image68
          bgamallposted 12 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 image61
      Evan G Rogersposted 12 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 image68
        bgamallposted 12 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 image83
    psycheskinnerposted 12 years ago

    Who on earth are you talking to?

    1. profile image0
      andycoolposted 12 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 image61
        Evan G Rogersposted 12 years agoin reply to this

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

        1. profile image0
          andycoolposted 12 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 image61
        lady_love158posted 12 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 12 years agoin reply to this

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

          1. profile image59
            C.J. Wrightposted 12 years agoin reply to this

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

            1. bgamall profile image68
              bgamallposted 12 years agoin reply to this

              You are correct, CJ.

  3. Evan G Rogers profile image61
    Evan G Rogersposted 12 years ago

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

    1. Evan G Rogers profile image61
      Evan G Rogersposted 12 years agoin reply to this

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

      1. Evan G Rogers profile image61
        Evan G Rogersposted 12 years agoin reply to this

        WHY HAVEN'T YOU RESPONDED YET?

        1. Evan G Rogers profile image61
          Evan G Rogersposted 12 years agoin reply to this

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

    2. John Holden profile image61
      John Holdenposted 12 years agoin reply to this

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

      1. bgamall profile image68
        bgamallposted 12 years agoin reply to this

        Thank you John. smile

        1. John Holden profile image61
          John Holdenposted 12 years agoin reply to this

          My pleasure smile

      2. Evan G Rogers profile image61
        Evan G Rogersposted 12 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 image68
      bgamallposted 12 years agoin reply to this

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

      1. iQwest profile image52
        iQwestposted 12 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 image61
          HattieMattieMaeposted 12 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 image61
          lady_love158posted 12 years agoin reply to this

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

          1. bgamall profile image68
            bgamallposted 12 years agoin reply to this

            How old are you? How would you know?

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)