IMF is discussing negative interest rates....

[Akrazotile]

The banks lobbied politicians to repeal these CONSUMER protection laws so they could make whatever investments they desired no matter how risky, because they knew they had taxpayer money to fall back on should those investments go sour.

Why do you attempt to politicize this? Both parties are complicit. Both. The imbecile in office just happens to be the guy currently doing it, while his "sheep" await the "draining of the swamp." How? By overflowing the mf'er?

"Banks prefer regulations".......... are you even talking about? What bank has EVER argued for more legal restraint.

Please dont dodge.

You and I both agree they shouldnt have been bailed out, right?

I didnt say banks WANT regulation, I said they would happily PREFER bailout + a few regulations than no bail out and no regulations.

Youre calling trump an idiot and an imbicile for repealing regulations.

What does that make Obama for supporting the bail out?

Im just asking because youre taking personal, specific shots at Trump on this issue. Not politicians or the government in a broad sense but specifically The Bad Orange Man.

Do you have the balls to do the same to Obama? You JUST SAID bailing the banks out was an act of corruption. Obama endorsed it.

Your thoughts?

[Loco 50]

Btw do you think people will be more or less accountable for their health if they know the taxpayers are ready to foot an enormously inflated bill any time they get a boo boo.

Talking out of your ass again. Patients do not see doctors until it is often too late. They are relegated to emergency room visits because we are forced to treat them. They don't and can't come to the doctor for a "boo boo." Only a selfish, out of touch, entitled piece of garbage would think otherwise.

[QUOTE=Akrazotile]
Problem is your

[Loco 50]

Please dont dodge.

You and I both agree they shouldnt have been bailed out, right?

I didnt say banks WANT regulation, I said they would happily PREFER bailout + a few regulations than no bail out and no regulations.

Youre calling trump an idiot and an imbicile for repealing regulations.

What does that make Obama for supporting the bail out?

Im just asking because youre taking personal, specific shots at Trump on this issue. Not politicians or the government in a broad sense but specifically The Bad Orange Man.

Do you have the balls to do the same to Obama? You JUST SAID bailing the banks out was an act of corruption. Obama endorsed it.

Your thoughts?

Once again, you're done. I'm no Obama fanboy, you're barking up the wrong tree.

[Akrazotile]

Once again, you're done. I'm no Obama fanboy, you're barking up the wrong tree.

So you think he

[Akrazotile]

This guy always ends the convo and runs away as SOON as his own inconsistencies get brought up.

Shameless.

[Hawker]

They should not have even survived the scandal I referenced to get to this second scandal.

Of course banks put money invested back into circulation.

What you don't do is put that money in investments that are flashing all kinds of warning signals that the investments are high risk, throwing caution to the wind because you know you have taxpayers to foot the bill because "too big to fail."

https://www.forbes.com/sites/mikecol...-bank-bailout/

Legislation meant to protect citizens like Glass Stiegal and the Dodd-Frank act repeatedly chipped away and weakened by corrupt politicians including the current idiot in chief.


You've no idea what my core political value is except what you've incorrectly assigned me. I abhor ignorance and corruption. That's the bottom line.

What use to be the "signal" for this would be naturally high interest rates but because the federal reserve and other banks across the world, rates are artificially lowered which lures people to bad investments who didn't realize they were bad investments in the first place.

Dodd-Frank Act was a bogus act meant to console power into multi-nationals. It pulled It created an authoritarian government agency called the CFPB that answered to NOBODY. It got its funding directly from the federal reserve. That's been starting to change now and Elizabeth Warren (who was warned by consertavies and libertarians that democrats may not have power forever) bitched and complained about it.

Trump dismantling the act and the executive actions that complemented it is one of the best things about his presidency.

[tpols]

A bunch of apathetic sheep consumers decide to continue using a bank that was caught red handed ripping customers off, but it’s Donald Trump’s fault the bank made a profit.

Yeah. I guess I should have figured.

I had an account there and I closed it, but hey. I guess expecting just a little bit of brains, or balls, or some combination of both from the public herd is asking way too much.

Just blame it on Trump.

thats why you cant just rely on a herd of people boycotting to stop fraud... there has to be legit government intervention in these matters, but shit is weak so they always skate. this is why i laugh when blaze says everybody earned whatever their worth. sooo many out there robbing, USA stock brokers and big banks rob the entire world, collapse entire economies for short term gain.

[tpols]

I switched to a credit union.

Unions??!

thats... evil

[Akrazotile]

thats why you cant just rely on a herd of people boycotting to stop fraud... [/B]there has to be legit government intervention in these matters, but shit is weak so they always skate. this is why i laugh when blaze says everybody earned whatever their worth. sooo many out there robbing, USA stock brokers and big banks rob the entire world, collapse entire economies for short term gain.

This is your fault as much as theirs, because you play the game.

You dont walk away. You dont withhold your business. You dont create or use any alternatives. In fact you lampoon me for doing such things.

Instead you shop with all the big boys, you vote for their puppets, and you even go to college so you can work your way up the very same corporate ladder YOU complain about.

You choose to play the game, you only complain about it because youre not good enough to win.

If you cant win, dont play. You and every other socialist phony have that option. You could create your own communities and do everything JUST as you say. No competition, no winners or losers. You can do whatever you want, that’s the beauty of the free market. But you DONT do it.

Instead you choose to play the game, and only complain because youre losing.

[tpols]

[QUOTE=Akrazotile]This is your fault as much as theirs, because you play the game.

You dont walk away. You dont withhold your business. You dont create or use any alternatives. In fact you lampoon me for doing such things.

Instead you shop with all the big boys, you vote for their puppets, and you even go to college so you can work your way up the very same corporate ladder YOU complain about.

You choose to play the game, you only complain about it because youre not good enough to win.

If you cant win, dont play. You and every other socialist phony have that option. You could create your own communities and do everything JUST as you say. No competition, no winners or losers. You can do whatever you want, that

[Proctor]

This guy always ends the convo and runs away as SOON as his own inconsistencies get brought up.

Shameless.

If you're bored enough to keep prodding for a debate you already lost, maybe you can bless us with another Lebron thread on your Walk on Water account instead. Shake it up a little bit.

[Akrazotile]

If you're bored enough to keep prodding for a debate you already lost, maybe you can bless us with another Lebron thread on your Walk on Water account instead. Shake it up a little bit.

You couldnt have just said all this from your Loco account, instead of switching to pretend there are more people on your

[Kblaze8855]

We are told to save as kids and have grown up to discover that savings accounts are useless (if yours gets over 2% it's actually great). I may not teach my kids anything about investments and markets because the only thing I feel sure of is that they're all highly untrustworthy. You have these "honest" banks that merely give you shit returns and then you have groups like Wells Fargo that defraud investors of billions and then get a tax break bigger than their fine for it, the Enrons and Madoffs of the world out there to rob you when you think they'll make you rich. Economics either isn't a science or it's a secret science that will never be taught to the general public. The only investments I feel like I can trust are the businesses (often just side hustles) started by myself and/or people I know well. If I put 10Gs in the stock market someone may make another 10Gs off of it but I bet it won't be me.

You just cant think that short term about it.

Long term most of the true giants will be stable or go up. I know a guy who has been buying pepsi and disney stock forever. Gave it to his kids in accounts set aside for them along with their birthday presents. Disney way back in the day and pepsi in maybe the early 80s.

Hes made a fortune. Only one of his kids was dumb enough to touch it and he lost out on hundreds of thousands pulling disney during the recession. Disney was like 15-20 bucks 10 years ago and now its 120.

You get in on the real monsters of each industry? Disney...apple...home depot....the bigger banks. You stick it out and never panic when it looks bad you will almost always win long term. I know a guy with over a million in home depot stock because its split so many times since the 80s. Apple dropped a lot but like I said...think long. Remember in Forest Gump he got rich off apple? Apples stock was like 1.50 in 1994. If you didnt even get it then and waited to buy it after the Iphone took over the world?

Even waiting that late...after the Imac, Ipod, and so on...you still make 25 times what you put in. If you didnt buy Amazon till 2010....you still make over 10 times what you put in. Walmart was already one of the biggest companies in the world 20-25 years ago. Stock has still gone through the roof compared to then.

You dont have to get that lucky with tiny no name companies you catch by a fluke or great research.

Put money into even popular companies and you get paid if you have patience.

The Pepsi/Disney guy taught me that lesson long ago. He told me he just picked two things he knew wouldnt go out of business and stuck with it

Ive not seen him in years but at that point hed never touched any of it. He was a trailer park land lord sitting on millions in stock just to give to his kids and now grand kids. It just doesnt work with people who really need the money or dont have the long term mentality.

Which is why I only made pocket change off Citibanks comeback and a poster from the old Ezboard days who told me to put all I had into it and wait made hundreds of thousands. I had more money than he did then...but I pulled most of it when I was going on vacation.

You learn hard lessons but the knowledge is worth the price.

I buy some of every company that I even hear a funny commercial for. I have a note file on my phone of companies to get stock in when I get my quarterly bonuses from work. Some make money....some lose. But thats a matter of months. Im so far up in the last few years you wouldnt believe me if I told you.

I listen to every tip....even on ISH. A poster on here told me about a company that went through the roof.

Just dont go all in on any single thing and you wont get hurt. If the market crashes as a whole...I dont panic then either. I buy even more. It always comes back.

Will the day come when the economy really collapses and it doesnt come back for a generation? Probably. But the day will come another asteroid hits the earth. Im not gonna live my life in fear of it. No protection against that.

Even gold might be worthless when the zombies come. You can only plan for so much.

[Kblaze8855]

thats why you cant just rely on a herd of people boycotting to stop fraud... there has to be legit government intervention in these matters, but shit is weak so they always skate. this is why i laugh when blaze says everybody earned whatever their worth. sooo many out there robbing, USA stock brokers and big banks rob the entire world, collapse entire economies for short term gain.

Go try to "rob" the world for a billion dollars. See how it goes without the required knowledge, effort, and dedication. If anyone could do it everyone would. Most poor people wont even put in a job application at a better place till they get fired.

The #1 obstacle in the way of the poor will always be a lack of knowledge of how to escape it then the lack of will power to implement and stick to the plan.

The titans? They rarely lack knowledge or will power.

The monsters are the ones who work themselves to death and never see their family. If you think high level bankers and so on dont put in work to get there and maintain it you are just being an idiot. Half these people went to school for 20 years just to get in the door then work for 30 years after that before you ever hear their names.

I thought I worked hard at my old minimum wage jobs as a teenager. I had a boss a few years ago who lived 50 miles from our office....I lived 20 minutes. Hed be there when I got there and when I left. He would get a room down the street to take a shower and a 2 hour nap and come right back to work. Guy was working 110 hours a week half the time. After bonuses he was probably making 400K a year and he was still hungry. He was looking to do better and better. No chill. No settle in that man.

Some people are so internally motivated its nearly impossible to keep them down once they have the basic knowledge of the direction to go. Ive not kept up with him but id bet my life he ends up one of those rich ****s who hands his kids millions and people like you act like their money came from nowhere. It never comes from nowhere. Someone has to bust their ass for it. I hope his kids go to Yale and do even better than he did.

Thats how it supposed to work. Thats who we do it for.

[tpols]

who said it was easy? becoming a top boss or even exec in a giant criminal enterprise is hard work i agree. doesnt change the point, they are earning big by pilfering the loot from the masses with every rise and fall.

and of course their kids will have much easier paths to success as well, as daddy can get them into top college and secure them a rep position at any major IB. Something kids from your hometown have about .3% chance of accomplishing.