Use access key #2 to skip to page content.

alstry (35.42)

America's Financial Stability Rests On Two Issues

Recs

9

May 20, 2010 – Comments (4)

Whether Wall Street instructs its computers to buy or sell.....it must be nice to control entire markets and pension funds so you can have perfect trading quarters.

and

Whether Wall Street continues to loan America money so government can keep spending money it doesn't have to maintain our shrinking economy.....

If Wall Street shuts down the computers or cuts us off of credit......watch out.

Athens will look like a tea party.

You have to admit it is strange times when America's entire financial future rests on the whim of a few bankers and a half a dozen colocated servers.

4 Comments – Post Your Own

#1) On May 20, 2010 at 3:33 PM, alstry (35.42) wrote:

The Digital Age is interesting......

an entire nation's wealth is dependent on the mental dispostion of a few bankers and the input of a few key strokes....

when took hundreds of years to accumulate can be wiped out in minutes.....

you think the flash crash was an anomaly?

Watch what happens if Wall Street cuts us off of creidit....you saw what happened to residential and commercial construction....down 80% and more in some cases.

Report this comment
#2) On May 20, 2010 at 3:55 PM, alstry (35.42) wrote:

How much money do you think the wall street banks made today trading against your pension fund and mutual fund managers....as the private sector continues to get cut off from funds?

Report this comment
#3) On May 20, 2010 at 4:44 PM, atarigod (< 20) wrote:

The market sells off every quarter, the bankers have to have some way to generate profits because lord knows they aren't making any money in traditional banking.

Report this comment
#4) On May 20, 2010 at 5:17 PM, alstry (35.42) wrote:

You miss the point completely.....like most other sheep.

There is no money.....period.

The money to pay for food stamps is being borrowed.

The money to pay for unemployment is being borrowed.

The money to pay for health care is being borrowed.

The money to pay politicians is being borrowed.

If this money was not being borrowed......our economy would implode just like every family in America who has been cut off of credit.

The question now is whether there is any more money left for the industrial age to borrow....welcome to the Digital Age.....it will be exciting.

I think the issue people are having a tough time with now is the magnitude of the deficit and the dependency of the deficit on our economy.....there really is no historical precedent.

By running such a large deficit and only bailing out a few bankers.....we have morally corrupted our economy.

Report this comment

Featured Broker Partners


Advertisement