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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (123398)	10/13/2012 11:09:32 AM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

yes, and 3 months after I made that post the S&P500 had declined by almost 100 points. Then the rumors of QE3 started to percolate and we had a ramp in the stock market again with giddy anticipation. So we're up 5.7% since I made that post. In the DOW, the markets fell from 13,000 to 12,100 by May, only to bounce back to be 3.8% on the back of QE3. The Nasdaq followed a similar pattern, dropping from 2,963 to 2,747 in May, with a bounce back to 3,044 today. So one thing is clear. You have put all of your faith in the Fed's manipulation of the money supply to produce and protect your wealth. I honestly hope that works out for you. However, if history is any guide, monetary manipulation by governments ALWAYS lead to a trail of tears and a wipe out of the fortunes of folks exactly like you. If I can help to educate anyone on this thread as to the peril these policies put us all in, then that is a good thing. The real economy is not going to improve over the long run as a result of monetary policies. We are very quickly now reaching the end game. So the only choices left are do you trust in the charlatans who created the financial crisis to begin with, or do you trust in those who correctly predicted the financial crisis? I for one am trusting the latter group of people and will continue to post their thoughts on these threads, as I learn more about them. Certainly, you can choose to ignore my posts and draw the wrong conclusions. You won't be the first and certainly not the last. As I've said before, read some economics and monetary history books from Mises and Keynes and draw your own conclusions. If nothing else, you'll be better informed about the decisions on your retirement money, rather than putting your trust in someone else.