The Mudcat Café TM
Thread #92887   Message #1781994
Posted By: Peace
12-Jul-06 - 03:26 PM
Thread Name: BS: Oh no!....Say it ain't so!!
Subject: RE: BS: Oh no!....Say it ain't so!!
Fact is that stocks cannot continue to grow. Do the math. Once the gold standard was done away with, it became impossible to keep tabs on large amounts of money. It still is today. Fact is, the USA has NO idea how much debt it carries because no one can figure it all out. Individuals likely understand their personal debt, but countries? No way.

China has been buying lots of American debt lately. America has been spending lots on war. The profits from war do not work their way back to the average guy on the street. The profits go to big companies who share those monies with their share holders. It means that few profit, but the few who do profit big time.

People who think that the 'stock market' will last are living in a fool's paradise, IMO.