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Originally posted by orionthehunter
I expect both gold and oil prices to go down sometime over the next 2 to 3 months.
Originally posted by TrueDelphi
reply to post by anti us gov
But in Europe, their medical needs are covered by the state. The middle income person in Europe is not waking up in the morning trying to decide if today he will eat, or have medicine, or maybe have to walk walk to work.
There are state imposed taxes on those who spend. For instance, eating in a restaurant has a surcharge. Those who can afford to eat do so, others don't. But no one suffers the indignities of our rotten health care system. Here the middle income person is paying 15 % to a social security fund he'll never get payouts from. He pays at least 18 % in fed tax. While the hedge fund manager pays only 15 %.
While doing this, remember that it only takes 10%, sometime less, sometimes more, of the stock to "control" a widely-held corporation. Especially when management and insiders show little or zero ownership. They, as hirelings, simply take their marching orders and their large paychecks, and everybody else be damned. If they show any conscience about what happens to their employees or customer base, they are simply replaced by another "aggressive leader." Be sure to click on the company's stock letters to check on these "Key Executives," the sums they were paid last year, and the stock options they cashed.
Another problem we're facing now is the growth of private-equity groups, which don't have to make the same disclosures as the publicly-held groups. This is why they keep gaining up on the SEC to "prevent" disclosure and accountability. This story appeared September 1, 2006:
Buyout Firms Join Lobbying Efforts.
Have no illusions that they are simply another type of "Snakes In Suits."