I predict that the S&P 500 will be well under 5,000 by September 30th

[Into the Night]

WAlt doesn't know shit; he never reads the info available on stocks on any trading window, like total numbers of shares and another stat that shows the shares outstanding available on the markets. lol Walt doesn't know how anything should work, he just parrots some talking head he saw on TV or podcast.

He doesn't even seem to know what money is. He think's it's an interest rate!

 

[Into the Night]

you blame globalism., yet America unilaterally forced this on the world.

Not quite.

It was the costs of WW1 and WW2 that forced nations to fiat currency (because they were broke). Germany, England, and France went first. The US devalued it's dollar by 50% (FDR) and implemented fiat currency as well, stealing the gold from the people (that's why they build Fort Knox).

The dollar left the gold standard entirely during the Bretton-Woods crisis (during Nixon), when inflation of US currency became too much to bear for the Bretton-Woods system to continue. Before FDR, the dollar was a unit of weight...1/20th of oz fine gold. After FDR, the dollar became a currency in it's own right but still tracked gold to some extent. After Nixon, the dollar does not track any commodity. Today's dollar is worth only about 1/150th of an oz in gold now.

That's an overall inflation rate of 7500%.

Nations left commodity currency because they were broke. The British pound is just a figure speech now. It's just a fiat value. It no longer represents any amount of silver.

Almost every nation is on fiat currency now. Most have fared much worse than the United States, even with the 7500% inflation rate.

It's a race to the bottom. The world has never been here before. Individual nations have, but not the whole world at once.

 

[Into the Night]

the dollar is the defacto world currency.

WRONG. The Bretton-Woods system collapsed.

 

[Into the Night]

Banks regulate themselves.

WRONG! US Banks are heavily regulated by the Federal Reserve.

Most of the commercial regulations both in banking and stocks and futures trading regs come directly from business groups themselves,

WRONG! US Banks are heavily regulated by the Federal Reserve. The stock market is heavily regulated by the SEC, both parts of the federal government.

as they need protection from each others' predatory activities more than any other single group.

Why does a bank need protection from itself?????

 

[Based Chad]

WRONG. The Bretton-Woods system collapsed.

the dollar is the defacto world currency right now.

 

[Into the Night]

fiat currency is a government sponsored activity dipshit - one that is shunned by libertarians.. The group you foolishly blame for being a net loser in this world. banks existed before fiat, and would live after it ends.

A false equivalence fallacy.

Yes, banks existed before the Federal Reserve, but they didn't have the heavy handed regulations on them that the Federal Reserve now imposes.

 

[Based Chad]

WRONG! US Banks are heavily regulated by the Federal Reserve.

WRONG! US Banks are heavily regulated by the Federal Reserve. The stock market is heavily regulated by the SEC, both parts of the federal government.

Why does a bank need protection from itself?????

banks own the federal reserve.

 

[Into the Night]

you are a moron. I laugh at how much of a loser one has to be living in American and blaming banking for being poor

Agreed here. Being poor is largely by choice. Nothing prevents one from getting a good job or starting your own business other than their own lack of initiative to do so.

 

[Into the Night]

banks own the federal reserve.

WRONG. The Federal Reserve heavily regulates US banks. CONGRESS owns the Federal Reserve.

 

[Into the Night]

the dollar is the defacto world currency right now.

WRONG. The Bretton-Woods system collapsed.

 

[Based Chad]

WRONG. The Federal Reserve heavily regulates US banks. CONGRESS owns the Federal Reserve.

The stockholders in the 12 regional Federal Reserve Banks are the privately owned banks that fall under the Federal Reserve System. These include all national banks (chartered by the federal government) and those state-chartered banks that wish to join and meet certain requirements. About 38 percent of the nation’s more than 8,000 banks are members of the system, and thus own the Fed banks.

Federal Reserve Bank Ownership - FactCheck.org

Q: Who owns the Federal Reserve Bank? A: There are actually 12 different Federal Reserve Banks around the country, and they are owned by big private banks. But the banks don’t necessarily run the show. Nationally, the Federal Reserve System is led by a Board of Governors whose seven members are...

www.factcheck.org

 

[Into the Night]

The stockholders in the 12 regional Federal Reserve Banks are the privately owned banks that fall under the Federal Reserve System.

CONGRESS owns the Federal Reserve.

These include all national banks

No, it doesn't.

(chartered by the federal government)

They aren't.

and those state-chartered banks

They aren't.

that wish to join and meet certain requirements.

All US banks are heavily regulated by the Federal Reserve.

About 38 percent of the nation’s more than 8,000 banks are members of the system, and thus own the Fed banks.

Banks do not own the Federal Reserve, NoName. CONGRESS DOES.

Federal Reserve Bank Ownership - FactCheck.org

Q: Who owns the Federal Reserve Bank? A: There are actually 12 different Federal Reserve Banks around the country, and they are owned by big private banks. But the banks don’t necessarily run the show. Nationally, the Federal Reserve System is led by a Board of Governors whose seven members are...

www.factcheck.org

False authority fallacy.

 

[Based Chad]

CONGRESS owns the Federal Reserve.

no.

shares of the overall fed are owned by the member banks, which are private banks.

you're wrong chimp-tard.

reread the included support materials.

 

[EdwinA]

WRONG! US Banks are heavily regulated by the Federal Reserve.

Umm, that was created by bankers and then bankers were appointed to run it.The used the same types of rules J.P. Morgan would use to get consensuses among all the Wall Street swindlers whenever they crashed their own markets, demanding they all kick into a kitty for bailouts and in really bad crashes they could bring in the Treasury Dept. It's shares are owned by national banks. 'Too Big To Fail' has been around a long long time.

 

[Based Chad]

Umm, that was created by bankers and then bankers were appointed to run it.The used the same types of rules J.P. Morgan would use to get consensuses among all the Wall Street swindlers whenever they crashed their own markets, demanding they all kick into a kitty for bailouts and in really bad crashes they could bring in the Treasury Dept. It's shares are owned by national banks. 'Too Big To Fail' has been around a long long time.

this is fascism.

the federal reserve is pure fascism.

 

[Based Chad]

meanwhile this idiot runs around saying congress owns the federal reserve.

dumbest shit ever.