posted on Jun, 19 2008 @ 12:21 AM
There are ways to fix this you know. Even though this could happen, I really doubt, and hope, that it does not. For one, this article is about fear
mongering, thus helping the cause. However, another article posted by another member talked about how this particular RBS member was still buying
stocks, especially in oil and emerging markets; he was just being more selective now.
To the poster who wanted to know if spending money on the war would help the market, the simple answer is no. The government could use this money to
do other things, such as keep social security around or improve the public school systems of the country. The government really does not, and I do
not think, that they can buy stocks. I am not 100% positive but fairly close. That would just inflate the value of stocks which would just keep a
false sense of well being. I would not mind my stocks going up, but not by that means.
Many complain about the Bear Stern take over, I included, however, I keep hearing over and over again that if that "take over" had not of happend,
billions upon billions would have been lost and you would have a situation which is predicted here. The more important thing is that the Fed should
not cut rates anymore as this has already lead to stocks continuing to be overvalued. My stocks, all of them, and I know this are overvalued. I will
lose probably half of their value before things settle, however, I would rather of had that happen then to keep extending this economic futility.
The most important thing to quell the oil concern, and Congress can do this, is to not allow speculation in it by individuals. The Dallas Morning
News had in article in the Business section about this recently. This market is really for companies to either win or lose at buying oil and other
items likewise. An example of this is how Southwest Airlines was winning this bet; which is why they could turn out profit quarter after quarter.
The strengthening of the dollar would also help this concern about this problem. I'm not totally sure how this can be done, besides going to a gold
standard, but it would drop the price of oil significantly. This is a main reason why oil prices are as high as they are. I can only speculate, but
I'm sure Bush is getting many millions in secret kick backs from these giant oil companies. There is plenty of oil, do not let them fool you on
So in all, the problem can be fixed. Credit is just part of the problem. People do not know how to use it; some people think a credit card is like
cash-it is not. The banks and lenders are just as much to blame, but instead of spreading gloom and doom, why not try to find a fix to the problem?