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Pretty soon they'll figure out they don't have to pay the working people any money at all, just throw a can of beans on the floor and watch the employees fight over it to see who gets "paid" that day. We need a modern day Robin Hood!
No lie Bee, my house is paid off--but I can barely afford to live here. The property taxes alone are $500/month--just to live in my own house! It's insane.
"It's all about supply and demand." Bwa-hah-hah! As J.P. Morgan said in a letter to his son..."We fix the price of Gold and Silver in order to make them valuable or not." Supply and demand will play very little part in pumping up this bubble or determining when it bursts.
It isn't lack of production or supply, both are at high levels. It isn't Libya. It's speculation. Exemptions granted to speculators allow banking concerns like Goldman Sachs and Morgan Stanley (big political contributors!) to purchase historically unheard of amounts of futures--betting the price will go up, and dri...more
Everybody's in full spin mode, but I think the pubtarts will take the biggest hit if it happens--and I think they know it. Personally, I couldn't care less--I wish they'd stay closed WITHOUT PAY until the next election, just go home and not come back. Judging by what legislation has been on the agenda lately-- the le...more
I think many products will simply cease to exist when prices for them go up because people just won't buy them. Sure, people have to eat, and they will sacrifice other things in order to do so--I think cable and internet are the first things to go when budgets get pinched. As inflation eats away the value of any doll...more
3/17/2011
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