Stock and/or US dollar collapse this week?

by slimboyfat 23 Replies latest jw friends

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  LouBelle

  I've been following the American economy rather closely - I find it interesting / informative. I've learnt quite a bit and it's shocking how pear shaped things have gone.

  One thing I was shocked at was how many banks there are/were in Northern America and obviously in order to get clients they had to have extremely competive lending rates/options, so would offer less and less interest, some low as 2% - wow. I have to say the banks here in SA - we've got about 4 huge institutions and they keep their interest quite high - around the 17-23% levels - these high lending rates deter the public from borrowing money...

  Wouldn't it be better to save your money in a money market - 10% return if my memory serves me right or to save it in a government backed bank - cos that ain't going to close on you?

  So far the dollar has softend - about 8% today and will more than likely continue downwards. Good news for us that want to travel to the states.

  Best thing to do is pay off the debt as quickly as possible people.
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  ninja

  I'm away to put on my tin-foil hat ya bunch of conspiracy nutters.....next you will be telling me there are FEMA camps and they are also gonna try and disarm the American public....probably using some false flag event.....weirdos.....muhahahahahahahahahahah....whatever next....a new world order?.......hahahahahahahahahahaha..........................................................................................ha
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  watson

  I would love to get 10% on my money market funds!!
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  daniel-p

  MM funds at 10%? yeah right. Try 2% in good times, nowadays, next to nothing.
• 

  parakeet

  It's a sign of "The End."
• 

  cameo-d

  I'm away to put on my tin-foil hat ya bunch of conspiracy nutters.....next you will be telling me there are FEMA camps and they are also gonna try and disarm the American public....probably using some false flag event.....weirdos.....muhahahahahahahahahahah

  Actually Ninja, word is they will open some of the defunct military bases for some of these families who go bust. And you know you aren't allowed to carry guns onto a military base or any gov. run facility! Silly you.

  And besides...the bottom may sag but it won't fall through. There's always a plan you know. Some say it will be a cohersive change over from paper money to some electronic "equity" system. So, even for those who stuff it under the mattress like slimboyfat...they will be out in the cold because the paper cash will be declared obsolete when it's all changed over to The New System. There will be no passing of money. It will all be done with card swipes. And you may have to give up all your biometric and DNA info to get the smart card.
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  BurnTheShips

  That video predicting global collapse in 24 hours was posted some time ago. You'd think the poster would have enough shame to change the title at least.
• 

  SacrificialLoon

  I bought GE stock with my tax return last week. Today was pretty dramatic in a good way.

  Warren Buffet ain't got nothin' on me! Well except for a lot more zeros...
• 

  IP_SEC

  Well... its Thrusday.
• 

  slimboyfat

  Looks like we averted disaster this week at least. False alarm folks.