DOORBELL

[Curtis T]

For our American friends.

http://www.powerlineblog.com/archives/2011/07/doorbell.php

This video titled “Doorbell,” submitted by Don Brookins, wasn’t a prize winner in the Power Line Prize competition, but it meets the purpose of the competition very well: in simple fashion, it brings home the significance of the federal debt crisis and the impact of the debt on the next generation. It would make a terrific 60-second television commercial:​

 

[divinemystick]

With the USA being downgraded one notch down and The EURO in the pits this is not a joke anymore. For the USA guys, how bad is it out there. The stock market lost 1.3 trillion dollars in two weeks, just disappeared.

 

[genisjose]

Spain and Italy are now in big trouble. I guess the idea of the Euro did not work out.

 

[metime]

the funny thing is, it didn't just disappear.....someone out there made it. Just like the housing crisis where so many walked away from their mortgages....the money didn't just disappear, the recipient of the proceeds of the mortgage made the money......

In the market, if one person makes money, someone else lost that money. It isn't just pulled out of thin air. Now I never really got "put" and "call" purchases but from my understanding, if someone thinks a certain commodity is going to be worth x in 5 yrs, and it's worth x-100 now, they'll buy it now and sell it in 5 yrs. If it's worth x-100 now, they can "sell" it now at x-100 and "buy" it at x in 5 yrs....(or whatever term is determined). If I understand correctly, if it is worth x+100, they have to buy it at x+100. In other words, no one actually buys or sells anything, they are simply gambling on the future price of a stock or commodity. The whole system is fucked IMO because someone can sell something they don't own...

A good example is oil. When you "buy" 1000 barrels of oil, you never really take possession of it. I truly think to stablize the market people should have to actually take possession of the materials they buy, before they sell. Kind of like what the government did with housing in the early 1990s up here.

You have to wonder what all these previous presidents in the US are thinking now after they gave all the big businesses tax breaks. I read somewhere that GE hasn't paid any sort of tax in the last 15 yrs......in other words, those trillions of dollars in profits haven't been taxed.....