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Angela Shelley Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 10:35 AM
Original message
Are you wondering why international stock market indexes are falling?
Stock markets all around the globe are dependent upon TRUST.

International investors have lost trust in the US economic system.

All economic systems entail having bills being paid on time. When international investors read that large numbers of US households are not able to pay their bills on time and that the US government is planning to give households some spending money to improve the mood, they get worried.

Individual international investors are "jumping out NOW", because they trust neither the US government to change its deficit spending course nor the US households to stop living on credit, either in the near future, nor in January of 2009.




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natrat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 10:39 AM
Response to Original message
1. nothing to wory about :)
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peacetalksforall Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 10:40 AM
Response to Original message
2. The money idea is transparently ludicrous . We in the U.S. have had this
administration steal from us and take us into deep debt and now they want to give us a flick of dollars compared to the debt they put on our shoulders. Others aren't as stupid as we are.
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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 10:41 AM
Response to Original message
3. Bubbles pop. nt
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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 10:41 AM
Response to Original message
4. "We mistrust Commander AWOL & his corrupt republicon cronies" - Global Investors
Edited on Mon Jan-21-08 10:44 AM by SpiralHawk
"Only a complete idiot would trust these Wide-Stance republicon sex-deviant, war-profiteering lying clowns and their make-the-rich-richer BS. We see exactly who the republicon homelander chickenhawks are, and we ain't buying their corporate-fascist BS."

- Global Investors

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opihimoimoi Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 10:45 AM
Response to Reply #4
5. The REPUBLICANS have LOST THE TRUST...Domestically and Globally
But then, their mental make up prevents admission..they are in steep denial...
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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:16 AM
Response to Reply #5
6. ...further, republicons have disgraced America in the eyes of honest people...
..around the globe.

Our once proud and noble nation has been dragged into the Cess Pool by the republicon homelanders...Shame on them for what they have done to our nation.
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opihimoimoi Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 12:01 PM
Response to Reply #6
13. And can we believe the sheer AUDACITY...The NERVE...that they wish to remain in the W H???
Come, Nov...it will be a LANDSLIDE for BLUE

Even now them Pubs are plotting...running some of their new Wannabees as DEMs////clever these Pubs.
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Kokonoe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:20 AM
Response to Original message
7. Don't they watch the same news as us. Things are great.
The republicans are handing out fresh printed money to everyone. And we get to spend it and never pay it back. And remember this is all NEW money that did not exist until printed on a check with your name on it. And all the foreigners will support it(with their own money), cause if we tank then their screwed. The top 1/2 of one percent might get there money out(they are), but since they already own everything anyway what difference does that make.
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:22 AM
Response to Original message
8. You can see the sea of red here:
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Angela Shelley Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:49 AM
Response to Reply #8
9. Thanks for the visual aids, Texas Explorer!
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:53 AM
Response to Original message
10. Funny, there are few places to jump to
unless they're going to Euros and a numbered account in Switzerland and even those aren't 100% safe.

The economy is going to collapse. You can't shift the wealth of a country into few hands while forcing the many to substitute debt for wages without having some very bad things happen. We know the GOP is wedded to the ideology of cheap labor and fat rich people and has no clue how to deal with a real economic crisis. We have only the hope that the Democrats will look to the past and realize that demand side economics were neglected too long and that's what the problem is.

I'll do what my granny did and leave everything where it is. Even if it stops paying dividends for a while, I have cash reserves. Even if half of it evaporates as companies quietly go out of business, I'll be left with enough to keep me alive when somebody finally figures out what the problem has been for the last 38 years and deals with it. Fortunately, I like beans and rice. I can cope with oatmeal 3/7/52 if I have to, like my granny did.

However, it is going to get very ugly for a lot of people who bought the lie that credit would last forever and that their wages/house prices would rise enough to pay it off. We are going to have to learn how to be as generous as possible to each other in order to survive.

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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:57 AM
Response to Reply #10
11. That was Asia, this is Europe:
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 12:08 PM
Response to Reply #11
16. EEWWWWWW.
I should have put my pool number in much earlier, but everybody else was talking about August through October.

My March 20 was the earliest. Like I said, I think I was far too conservative. It should have been January 31.
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Angela Shelley Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 12:00 PM
Response to Reply #10
12. I like beans and rice too, just like MY granny did.
About the "getting ugly part".

What is "ugly"? No dividends ... unemployment ... foreclosure ... food stamps?



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halobeam Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 12:02 PM
Response to Reply #12
14. four hour line for bread?
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Angela Shelley Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 12:04 PM
Response to Reply #14
15. At the soup kitchen, the corner bakery, or the black market?
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 12:12 PM
Response to Reply #12
17. No, "ugly" means ruined people in the street, living in cars
they're hiding from repo men as long as they can, and then living in makeshift shacks that the city burns down every few months as "health problems." Ugly meaning whole families taking to the streets and looking for work for everybody, even the little kids to do, just for a meal. Ugly means people trading Grandfather's gold pocket watch for a hamburger in a diner so somebody will have the strength to live and maybe work another day.

Ugly means a sudden spike in pneumonia deaths because "starvation" just doesn't happen in the people's paradise of America.

Food stamps? Don't kid yourself. You have to have an address to get stuff like that.

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halobeam Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 12:19 PM
Response to Reply #17
18. I can imagine how devastating it would be for my kids,
but when I think of the fact they've had way less than most ppl they know, they'd somehow have something to draw from. I feel bad for the kids who think they couldn't survive without the latest ipod or phone. What would they draw from? This is all so depressing. Fitting name, Depression.
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