Make everybody so rich that money no longer holds any attraction.

What happen to the moneys strength if we make so much that it over flood the market ?

Will we see another version of Reichmark ?

Markus

The best thing we can do is rationaly spend money during boom times and not borrow more than we can pay in the bad times.
So when the fat cats decide they need a crisis we can survive with without much hinderence.

And maybe randomly impale a spoiled rich brat every now and then to remind them who's the minority.

Wishfull thinking though.

Well, the Asian markets have opened down, but not as far down as people were expecting, so hopefully there's not going to be a feedback loop of loss. Korea and Australian stock went up, but the Nikkei took a hit due to fears that the Chinese crisis will push up the value of the Yen, thus hitting exports.

Honestly, at times like this, I defer to the wisdom of George W. Bush:

"It's clearly a budget, it's got a lot of numbers in it."

:doh:

:haha:

Was he, perhaps, looking at a train schedule?...


<O>

Long over due market correction that was forecasted from the looks of it. What we will see is low cost stocks purchased by the truckload and sat on for the long term growth.

As long there are money, stocks and greedy people we will always have these economical crisis

Markus

Bubbles have been growing and bursting since the days of Tulip trading.
The amount of money involved in modern bubbles is pretty spectacular though. :o

Buy silver instead. Poor mans gold.

Yep! :yep: That's what they do (you know who they is , right?)

All they needed was an excuse to go into bunker down mode and wait for the bottom to drop below what they sold it for and then buy it back, but I don't think it's all that simple due to what if some other stock dropped way below it's actual market value then they have to decide what is going to make the strongest buy back.

Interesting game they play, but it takes that something special to know when to sell and when to buy.

Do they have automatic sells and automatic buys software?

One thing I feel confident about is that we can't fix the financial issue of the US quickly. Regardless of what some politician says.

It took us decades to get in to the situation, and it will probably take decades to get us out.

This country needs to commit itself to a multi-generation solution where spending and taxation can be adjusted while giving the economy time to stabilize with every incremental change.

The problem is that to a politician, the future is defined and bounded by the next election. Few politicians can think beyond that boundary. Since the budget comes from the House of Representatives, the future is 2 years as that is the length of a representative's term.

A politician is only interested in programs/plans that will result in a measurable benefit during their term so they can use that success to get re-elected.

No politician will approve a long term plan that may incur a short term disadvantage (cost) with a benefit that will occur in a future term... a term where the opposing party may be in office and therefore garner the benefit.

Hence, all we hear are short term "fixes" or worse idiotic grandiose plans for drastic changes.

We need a gradual, disciplined, well-thought out plan that offers a solution independent of political party but will be an American solution.

What politician will put the country before their party?

That's what is most frustrating for me. We have a way to fix our economic situation, but realistically, there is no way it will ever be implemented.

Well, there is a way ....


Vote PLATAPUS DICTATOR FOR LIFE!

you must admit it does have a nice ring to it. :D

Have had this idea for years or so

I don't know how to put it on print

I'll try

Every country in the world is zeroed-Meaning the debt is cleared

It is of most important that before this is done-some international economical laws is made.

How, what and how many laws there has to be made I don't know. I don't know what should be in these laws.

My idea is that after a country is zeroed-they can not just go on the market and borrow billions of dollars/Euro or Lend other countries money.

I'm not an economist not even a lawyer. Just a simple idea

Markus

Sadly, there's too many people profiting from other people being in debt for that to be a feasible option. Would be nice though and probably the only way that the world debt problem will ever be solved. Unfortunately it would probably also result in some pretty hefty hardships in poorer nations that require deficit spending in order to feed their people due to have a terrible GDP.