President Obama & the Coming Stock Mkt Crash!
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How destructive to the U.S. economy would a Barack Obama presidency be?
Beneath Obama's flowery rhetoric lies a dangerous economic plan that will wreak havoc on the American economy.
Obama plans to return to the failed policies of high taxation coupled with an expansion of government spending.
Worse, Obama says he is absolutely committed to almost doubling the capital gains rate — something he will easily accomplish with a Democrat Congress.
In the coming months — when investors realize that Obama will raise the cap gains rate — there could be a stampede of asset sales as investors rush to take their profits now to avoid Obama's doubling of the tax rates next year.
Indeed, Obama makes no bones about his plans to go on a tax rampage. Not only would he increase the capital-gains tax rate from 15 percent to as much as 28 percent, he wants to allow the 2001 and 2003 Bush tax cuts to expire in 2010, which effectively raises taxes on Americans by tens of billions of dollars.
All of these issues and more are explored in Newsmax magazine's special report "Obamanomics — the Coming Tax-and-Spend Nightmare," by Wall Street Journal columnist John Fund.
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I see it as a correction not a crash to say the least.
Inflationary pressures around the world have been provoked even more with the world economies supporting the dollar with its weak fundamentals
Hey! Don't forget the ink on said paper!! that has to add to its value!
Game recognizes game and you're looking kinda unfamiliar right now... -- Riley Freeman
Since the backing to Gold was removed from the dollar,
Each dollar is as good as the paper it is printed on,
If the economic fundamental arent strong ofcourse the speculators are going to back out and to make matters worse the inflation as u rightly mentioned is going to further deteriorate the purchasing power of the dollar.
The American markets are so fragile right now b/c of the devaluation of the American dollar that it does not matter who is voted to be the next American president... They are going to have to deal with a market crash due to the dollar becoming as valuable as toilet paper.
The current American regime has created such debt within the American gov't by funding wars of conquest around the globe and they told the Federal Reserve Bank (which is privately owned) to print more money to cover their debt.
It is the current regime's debt! Not the American people's!
When they tell the Fed to print more money they are in fact devaluing the dollar as it creates a huge supply of dollar bills in the world economy making the dollar bill less attractive and valuable for investment by nations who purchase American debt for profit and creates inflation.
This has not affected the average Americans until very recently. Now, in essence they are being taxed twice by the devaluation of their dollars. A $1 bill does not buy what it used to because of inflation.
Gasoline in America is not expensive b/c of the Arabs, Russia or Venezuala. It is expensive because of (speculators and) the decline in the American currency. It takes more dollars than before to purchase the same product.
I hope I am wrong but I believe there will be a day where every American can be a millionaire... But a loaf of bread costs $500,000. (EX. Zimbabwe, but that is for slightly different economic reasons.)
Game recognizes game and you're looking kinda unfamiliar right now... -- Riley Freeman
Obama would do a better job than Hillary...one thing I'm sure of!
It is a warning that Obama is not the right choice.
I understand with u completely but its my belief that Obama is not better than McCain.. only my choice.
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But ur right our countries have there own reasons for supporting the US economy but thats what i mean.
Forego todays profits for a gradual and stemmed economic development in the future.
No consumers end of the world
I am suggesting a shift to a stronger economic model.
Like the EU for instance. The Euro has some of the strongest fundamentals in the world - Backed by Germany especially.
I am not here to become an economic analyst. I only shared what i believe. In that case there are our own resons too to make our economy week. what do u say abt that.
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But how long are u willing to escalate the prices of the commodities in ur consumer price index just so that u have a fake value in ur balance sheet.
Ur economy is suffering finally skdkak!
Better change ur focus,
temporary setback rather chasing bad money with more of ur good money.
CB: u r so short and to the point[img_assist|nid=60386|title=.|desc=|link=none|align=left|width=|height=0]
No consumers end of the world
Shuaib: That will further make US economy go slow and that spiralling effect will sure effect the entire planet. Tightening of funds in US does do that.. whether u agree with me or not but thatz the fact of life.
Lot of jobs in our countries ,,lot i mean a real LOT of them are directly &/or indirectly dependant upon US and their fund liquidity..
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Obama is the perfect choice
U know for a long time countries such as urs and mine have been paying so that Americans enjoy their current standards of living.
While we have to do with the government regulations such as Mr Obama wants to put in place in America
I dunno if u understand but the World economy lends to the US, so that the Dollar remains strong. Since America is one of the biggest consumer of finished products.
Once America cannot match this in the future their will be a crash. It shud be noted that the international economies can only lend to a limit. We all have our own crosses to bear u see!
Its been high time that the world economy shifted its allegiance to a stronger economic model.
amen...you said it all
good one shuaib.
Obama is not the correct choice but thatz exactly what US citizens have to decide.
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