Obama Warns of US Market Crash on Monday

Discussion in 'Wall St. News' started by bearice, Jul 24, 2011.

  1. rc8222

    rc8222

    Obama = Jimmy Carter = One Term Losers!!!!!!! :D
     
    #11     Jul 25, 2011
  2. Lol @ above comparison. Stock market: 2-3X leverage. Forex market: 50X leverage.

    Forex transaction: $4 Trillion/day.
    Stocks: $1-$2 Trillion/day.

    Which is more important in terms of actual trader's capital needed to place trades?
     
    #12     Jul 25, 2011
  3. S2007S

    S2007S

    Buy the dips as they will not let the US default, the debt ceiling WILL BE RAISED by AUGUST 2nd 2011. Sit back and watch markets dip only to rally to new highs above SPX 1370 by the time the debt ceiling is raised.
     
    #13     Jul 25, 2011
  4. Liberal lie! There was NO SURPLUS during the Clinton era...keep repeating that until you understand it is the truth! The Social Security "trust fund" was used to "balance the budget" during the Clinton era. Understand that - there was no "surplus" without using accounting rules that would be prohibited to the general public! Even then...Clinton's "balanced budget" was only under Republicans in the house and senate!

    Did the republicrats (sic) raise up a lot of the debt? YES!!!! Have the demicans (sic) raised up the debt a lot as well? YES!!!!

    The elite have bought off both parties. The elections are fraudulent. A guy neither fit nor eligible to be in the office is "the president." http://puzo1.blogspot.com/2011/07/obama-cannot-be-natural-born-citizen.html The US Constitution is ignored!

    The elite now SELECT our president...probably have for over 50 years!
     
    #14     Jul 25, 2011
  5. Everyday food and other products and services everybody buys is basically Forex because forex means currency trading.

    World GDP is $70 Trillion every year. So Forex capital is also $70 Trillion every year.

    I do not see stock markets anywhere near Forex trading.
     
    #15     Jul 25, 2011
  6. Did Obama and his administration give $9 Trillion (whatever) bailouts so that 200 million Americans get involved with or watch pornography/porn (whatever)?

    If you view porn you are involved in pornography. World Pornography is $200 Billion every year.

    United States of pornography. Read all this.

    http://www.elitetrader.com/vb/showthread.php?s=&threadid=223993
     
    #17     Jul 25, 2011
  7. Wall Street Prostitution Ring

    17 people have been indicted "on charges of running a high-end prostitution ring that catered to Wall Street clients who often spent more than $10,000 in a night," according to Reuters, via Zerohedge.

    The illegal ring, which is called High Class NY, earned its overseers more than $7 million over a three year period.

    High Class operated 24 hours a day from Brooklyn, and catered strictly to "high-end customers coming from the financial markets," many of whom were hedge funders.

    One client "dropped a stunning $170,000 for its steamy services," the New York Post reported.

    Services cost clients anywhere between $400 to $3,600 an hour, Reuters reported, and clients were reportedly even provided with cocaine.

    http://www.businessinsider.com/17-b...street-prostitution-ring-high-class-ny-2011-7

    Obama is one of the biggest supporter's of Wall street and stock markets.
     
    #18     Jul 25, 2011
  8. We will Impeach Obama if he follows the Constitution: Republican Congressman

    If August comes without any deal the debt ceiling, the Treasury will state it doesn't have the revenue to pay our obligations, we have 3 basic choices

    1) Default on all our debt

    The Treasury believes this is the only option, as they can not pick and choose which programs to fund, nor do they have the people necessary to dole out selective payments

    Even Fox News has said this will cause a world-wide depression

    2) Default on some of our debt

    President Obama could take control of the entire federal revenue, and spend it on the programs he fancies, such as keeping Medicaid, Welfare Programs and Debt Interest payments, but ending Defense Contractors and most of the military

    This would be a huge grab of executive power, and Obama could basically do whatever he wants

    3) Default on none of our debt

    Since this decision would come to the President when the Treasury asks him what they should do, he could decline a large executive power grab or a total default, and then use his presidential power to follow the constitution, which states:

    Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned

    The Courts have ruled that this provisions applies to all federal debt and obligations

    So he would inform the Treasury that the United States will not default on its debts and that they need to pay everything in the last budget passed by the Congress

    A Congressman has said if he picks 3, he'll be impeached, would you support impeachment, and convict?

    http://forums.offtopic.com/showthread.php?t=4799508

    Congressman Asserts Potential 'Impeachable Act'

    http://westashley.patch.com/articles/congressman-asserts-potential-impeachable-offense
     
    #19     Jul 25, 2011
  9. #20     Jul 25, 2011