Stock market up 108%

[Texas_tea]

It seems to me a strange sort of Marxism that favors the wealthy.

Marxist policies wipe out the middle class. 9.5 million Americans out of the workforce, 47 million Americans on food stamps for the 13th month in a row, 40% of all veterans needing food assistance, do you deny this is happening?

 

[PLC1]

Marxist policies wipe out the middle class. 9.5 million Americans out of the workforce, 47 million Americans on food stamps for the 13th month in a row, 40% of all veterans needing food assistance, do you deny this is happening?

No, not at all.
what I deny is that Marxism is the proper term for what is happening.

How is favoring the wealthy compatible with "from each according to his abilities, to each according to this needs"?

 

[Texas_tea]

No, not at all.
what I deny is that Marxism is the proper term for what is happening.

How is favoring the wealthy compatible with "from each according to his abilities, to each according to this needs"?

How are the rich being favored?

 

[PLC1]

How are the rich being favored?

Check out the first five posts in this thread, some of which are yours.
The stock market has more than doubled.
The job market is largely stagnant.
The wealthy get most of their money from investments.
Most of the economic growth has gone to the top 1%.
Meanwhile, the low wage earner has lost, or is barely staying even.
So, how does that equate to "Marxism?" It sounds a lot like the polar opposite to me.

 

[Texas_tea]

Check out the first five posts in this thread, some of which are yours.
The stock market has more than doubled.
The job market is largely stagnant.
The wealthy get most of their money from investments.
Most of the economic growth has gone to the top 1%.
Meanwhile, the low wage earner has lost, or is barely staying even.
So, how does that equate to "Marxism?" It sounds a lot like the polar opposite to me.

So a rise in the stock market equates favortism for the rich?

Most of the economic growth has gone to the top 1%? What economic growth? How has this helped the "evil" 1%'ers?

 

[PLC1]

So a rise in the stock market equates favortism for the rich?

Most of the economic growth has gone to the top 1%? What economic growth? How has this helped the "evil" 1%'ers?

A rise in the stock market equals a lot more money for the rich, of course. It also means a little more for the middle class. I've benefited, and am far from being a 1%er.

and there's nothing "evil" about the 1%ers, just favored. Money begets money, after all, and power begets money as well. In fact, power and money are really the same thing in the final analysis.

You hadn't heard that most of the recent growth went to the wealthy? Really?

Here's a link:

High stock prices, rising home values and surging corporate profits have buoyed the recovery-era incomes of the most affluent Americans, with the incomes of the rest still weighed down by high unemployment and stagnant wages for many blue- and white-collar workers.

 

[Texas_tea]

A rise in the stock market equals a lot more money for the rich, of course. It also means a little more for the middle class. I've benefited, and am far from being a 1%er.

and there's nothing "evil" about the 1%ers, just favored. Money begets money, after all, and power begets money as well. In fact, power and money are really the same thing in the final analysis.

You hadn't heard that most of the recent growth went to the wealthy? Really?

Here's a link:

I understand clearly what your saying ..... this is the way that capitalism works. But, Obama's policies are designed to destroy the middle class and you can bet the rich are being targeted and will continue to be in the very near future.

What do you think Obama's everyone must pay their fair share is all about? I understand that has not affected the rich thus far, only the middle class but, the stage is being set!

 

[dogtowner]

So a rise in the stock market equates favortism for the rich?

yeah, when the rise has been fueled by printed money, thats favoritism of epic proportions.

 

[Texas_tea]

yeah, when the rise has been fueled by printed money, thats favoritism of epic proportions.

Correct ..... and was that done to benefit the rich or prop up a failing economy?

 

[dogtowner]

Correct ..... and was that done to benefit the rich or prop up a failing economy?

The former of course. Interesting article on Drudge on an interview an ex Fed official who appologised for QE. Says that while they were supposedly trying to boost the economy, it quickly became obvious that it wasnt working. And yet they did not stop it. Why ? Someone said 'this continues' ? I am confident you realize that the Fed is independant in name only.

 

[Texas_tea]

The former of course. Interesting article on Drudge on an interview an ex Fed official who appologised for QE. Says that while they were supposedly trying to boost the economy, it quickly became obvious that it wasnt working. And yet they did not stop it. Why ? Someone said 'this continues' ? I am confident you realize that the Fed is independant in name only.

It's because it was never meant to boost the economy. It was to destroy it. Obama could not very well tell the truth about his agenda could he?

So, he lied, (I know, there's a shocker) calling it the very opposite of his true intentions. I know you see this pattern in this lying marxist.

Need another example? What the hell is affordable about the Affordable Health Care Act? Obama couldn't come out and say everyone would loses their insurance and their premiums with Ocare would triple could he? No ... so he lied calling the very opposite of it's intentions!

 

[PLC1]

I understand clearly what your saying ..... this is the way that capitalism works. But, Obama's policies are designed to destroy the middle class and you can bet the rich are being targeted and will continue to be in the very near future.

What do you think Obama's everyone must pay their fair share is all about? I understand that has not affected the rich thus far, only the middle class but, the stage is being set!

The problem with your theory is that the economy started its downward spiral before Obama was elected. You can argue that the measures taken to bring it out of the recession weren't very effective, you can point to stagnant wages as evidence, and you have a point. To say that the policies are designed to destroy the middle class and that the rich are being targeted ignores the fact that the poor are the ones least helped by the QE and the rich helped the most. the middle class has also benefited from the rising stock market and the rebound of home prices. If Obama is really a Marxist, he isn't being a very effective one.

Come to think of it, since a lot of what the government tries to do has the opposite effect from what the stated goals are, maybe an attempt to tank the economy would be a good idea.

They wage a war against poverty, and we have more poverty, a war on drugs, and we have more drugs, a war on terror, and we have more terrorism.
It's time to wage a war on common sense.

 

[Dr.Who]

It seems to me a strange sort of Marxism that favors the wealthy.

It may be at odds with the theory but in practice the elite in russia and china were still rich if not even more tyrannical than in a capitalism.

 

[Dr.Who]

Inflation is the logical result of adding currency to the economy, but the rate of inflation has been pretty flat for the past few years. How long must we wait before we begin to see the devaluation of the currency?

The chart linked here

http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx

Shows pretty clearly the value of the dollar measured in gold as going from $300 per ounce in 2000 to high just below $1900 per ounce in 2011. That is all lost buying power. Dont trust figures based on the CPI since the gov changed the way it is measured in 2008. That being said you may notice that the price of gold has dropped since 2011 and now stands around $1300 (still a deflated dollar). But a reason for this is that QE is artificially propping up the stock market. If the stock market gains are artificial how long until that bubble pops? What will the price of PM's do then and as a tool to measure the value of the US dollar what will the worth of the dollar be?

Other estimates claim that the value of the us dollar have fallen dramatically since 1913. If I posted a comparison of what one could have bought in 1913 and what that means for the value of the us dollar you would not even believe me so I leave it to you to do your own search.

Why 1913? Because QE is not the only program the us gov uses to manipulate currency and before 1913 we were on a true gold standard.

As for the price of gold, that is and always has been pretty volatile. Gold has been advertised extensively, raising the demand and therefore the price. The price is artificially high, and likely to drop as soon as the advertising diminishes.

Presently the demand for gold and silver are at record highs but the price is dropping. A sure sign that someone is manipulating the market. and that someone is the us gov which is actually suppressing the value artificially.

 

[Dr.Who]

It's because it was never meant to boost the economy. It was to destroy it. Obama could not very well tell the truth about his agenda could he?

So, he lied, (I know, there's a shocker) calling it the very opposite of his true intentions. I know you see this pattern in this lying marxist.

Need another example? What the hell is affordable about the Affordable Health Care Act? Obama couldn't come out and say everyone would loses their insurance and their premiums with Ocare would triple could he? No ... so he lied calling the very opposite of it's intentions!

I was going to start a new thread about this I am about to say but I think Ill just say it now.

The new Fed Chairman Janet Yellen is a firm believer in the current fed policies and will probably be even more aggressive than Ben in terms of favoring inflation. (there's a scary thought). What she brings to the table is a more zealous belief in what she calls "forward guidance" which she describes as the fed telling people what it is going to do as a means to accomplish the feds goals in altering the economy. After reading a bit about what this is I have concluded that what she means by forward guidance is lying to people as a means of manipulating the economy. You are all forwarned that when the fed says they will continue QE they might or might not do just that.

Read a few paragraphs near the end of this article and especially read between the lines. Sentences like "Transparency of the central bank is an abiding virtue in the conduct of policy. Full disclosure of its balance sheet and operations is essential to the Federal Reserve's democratic legitimacy. But transparency in communications about future policy is not a virtue unto itself. The highest virtue is getting policy right." (bold added)

p.s. while americans always ignored the message that obama was a socialist and in fact that message created deaf ears the time may finally be right for phrases like "lying marxists" to take root. Obama will be gone soon but there is a wave of marxists waiting to take his place and we must must must re-establish in the american mind that marxism is evil.