VIDEO ON MSN MONEY
American Corporations are having Banner Record Year over Year over Year, Profits and Revenues. CEOs are seeing Record Pay and Benefits. The United States also broke another Record for Record Wealth, reclaiming most millionaires tittle from Asia in the process.
Who's not having a banner year, American Workers as more and more companies refuse to pay a living wage while outsourcing our Jobs to slave labor overseas. We are more productive yet we are told to accept far less while they TAKE far MORE. So yes, there is a problem here.
The Knife put through the Heart of the Global Economy was when the Money Changers Created $500-700Trillion in phony Derivatives Money an spread it across the Globe. Even Fox-Business-com has a report about. So you know it has to be bad.
5th place? Not for long. We're 17 trillion in debt, and Obama alone have added 7 trillion. When the time comes, the government will dip into our IRA and 401K to pay our national debt. Remember Cypress? They will do it on a weekend when all the banks are closed and order the banks to shut down its ATMs. On the following Monday, you'll find out 50% of your money has disappeared from your account. And then we'll have a revolution and the poor will once again blame the wealthy for screwing them and not paying their taxes. A new socialist country will be born.
And it is a Global issue folks. Note the Toxic Assets for RBS, at least $62Billion. They are going to create a Internal Bad Bank? Say what? And That's just a Drop in the Bucket. All the Major Banks have the same problem. I even took the time to research it via Fox-Business-Com. Even they have articles stating just how bad the problem is. So you know it's really bad.
Biggest problem in doing business
This should read; poorly educated youth as they do not possess math skills, many cannot speak or understand English as they are either illegal aliens or their language skills are poor as they are uneducated blacks, poor ethics (most people here are going to cheat you) and the biggest problem...............laziness; most people here would rather live off the tax dollars of the few that actually work.
For centuries Swiss banks have been the secretive repository for criminals' and tyrants' ill-gotten gains, including Adolf Hitler, Idi Amin, Stalin, Yasser Arafat, Saddam Hussein, and more. Since they hold everyone's money, they don't need an army. They also have punitive, racist immigration laws that, if it were the United States, they would be angrily condemned by the rest of the world. But they hold everyone's money.
Follow the money...
With the Fed giving tax pay money away to the banks and wall street we have a nice
Debt. As a career lender (not a Loan Originator) arrogant temptation tops the list of fatal traits. Sadly, those most susceptible to it somehow end up managing those who grasp the power, the problem and the potential danger. It was never "money" to me, just the tool of my profession.
A student of ALL historic financial circumstances, I learned on the job while Bernanke read text in the classroom. Flat out... Volcker wins for throwing a wrench into the post-1979 inflation run-up, stalled by exceeding the Usury in most states with the Prime (lending) rate. Pretty tough to lend at 18% when the best street rate was 22%. It crushed greed, forced banks to snap out of delusions and cut the head off of inflation. Solon of Greece is runner up (632 BC) he decapitated merchants who sought to usurp royal authority through credit manipulation.
It's all conjecture now, but firing Bernanke and requiring banks to deal with a 18% Bank Rate would have crushed corruption and forced banks to deal directly with irresponsibly written credit. There would have been a 90% evaporation rate in business platforms and trashing of the MBA degree. Rightfully so.
We are heading into a really tough time. Expect gullible seniors to lose it and free enterprise to be brutal in securing turf from drop-shippers. While it doesn't seem possible right now- Lawyers, Accountants, Career Politicians, Bankers, Administrators and all "groups" get the Bill for this folly. Expect the figure to be outrageous and you won't be surprised. Doubt? Bad investment.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
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