As long as graphs and tables are accurate and the information contained in them are not skewed, most people that have any critical thinking skills can determine some pretty important things. If a person doesn't have the ability to do a minute amount of research on their own and/or any analytical skills to process that research, there is a good chance they will believe articles like this, without any skepticism whatsoever.
Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.
Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union.
The term "renowned investor" will likely impress some people who do not take, the time to educate themselves on the world around them. Other times, the word "billionaire" is used with the name George Soros and that may impress other people, as well. These things may impress some, but others who are able to use these skills I have spoken of are anything but impressed.
For several months now, I have been listening to the message from Democrats and even some Republicans, how the sky is falling and this current economic crisis is comparable to the Great Depression. The Dems did throughout the two terms of GWB, so this is nothing new; they are used to doing it and we are used to hearing it. It was hyperbole for the most part, until the housing market and credit crunch hit in the autumn of last year.
Since that unfortunate time, the Dems have successfully used it as a campaign issue to sweep themselves back into power. It was an opportunity, they took it, as we would have expected them to do. It has been done before and will likely be done again, but the election has been over for almost four months now. The new Congress has been seated for almost two months and the new President, for one. And the gloom and doom is still being advanced, like there is no tomorrow.
Now let's pause for a moment here before we get too far.
We are in a recession, there can be no argument. We have been in them before, this is nothing new. The market continues to drop, layoffs are occurring in most economic sectors, and consumer confidence is low. When this happens, responsible people tighten their belts and do not spend any more then necessary. Even those that have jobs cut back, because of the fear their job may be the next one cut.
The media has been instrumental in this, their daily gloom and doom reports have been a huge factor in this entire mess. We cannot entirely blame them, but they haven't been much of a help, because much of the American market is driven by stocks and stocks are driven by speculation. The same can be said for consumer spending.
When those who have jobs hear the constant bombardment of job losses, comparisons with the Great Depression, and the generalized dismal future this nation is facing, it makes people (with jobs) scared their job will be eventually be eliminated. For that reason, they begin to save instead of spend.
But let's get back to the Democrats, let's get back to Mr. Soros.
The Dems have long been in bed with Mr. Soros. He bankrolled much of the failed bid to get John Kerry into the White House in 2004, he was highly instrumental in the Dems sweep back into power in the 2006 mid-terms, and it is well known that he played a major financial role in the 2008 election of Barack Obama.
The Soros message has been gloom and doom, all along. On the surface, it would seem because of his politics and his desire to see a Democrat in power. But if we look deeper, we would know something different. George Soros has made his fortune by crashing markets and currencies. Just look back to 1992, when he broke the back of the Bank of England.
This should start making sense now, if it hasn't before. Soros gets his people into power. They (in turn) turn out legislation that will not help. Then, the ignorant masses think it is a positive step and glorify those that are responsible for it. In the meantime, everyone involved (including Soros) gets on the gloom and doom bandwagon, continues to turn out negativity with the hope of breeding more negativity, and people buy into it.
Now, about the graph and table I linked to earlier in the post:
It's interesting to look at the graph because it represents the Dow Jones Industrial throughout the last six months, which include: 1) the latter part of the election season, 2) the days of the transition, and 3) the days since the inauguration. The media and the Democrats did a great job of painting a bleaker picture than it was, albeit it wasn't a great outlook with the credit and housing crunch.
As for the table, take a look at the unemployment rates from 1940 until now; then, read about the Great Depression. The Great Depression had unemployment rates of around 25%, and the year 1940 showed a 14.6% rate. At various points from the 40s on, we have had recessions that have resulted in high unemployment. And we have always pulled out of them, eventually.
The point I want to make is simple. We cannot win confidence back, if our leaders in Washington can/will not stop accentuating the negative. No one wants to be lied to, this much is true. But most people already know we are in a difficult situation, and to keep harping on it is only scaring investors. Investors are the crux of our economy, all of the talk of nationalizing banks will not instill confidence.
The only person that appears to be prospering from this kind of talk is George Soros, and the Democrats who are facilitating more opportunities for him to capitalize on other people's misfortunes.
2 comments:
The point I want to make is simple. We cannot win confidence back, if our leaders in Washington can/will not stop accentuating the negative. No one wants to be lied to, this much is true. But most people already know we are in a difficult situation, and to keep harping on it is only scaring investors. Investors are the crux of our economy, all of the talk of nationalizing banks will not instill confidence.
You may have erroneously overlooked the fact that Obama (et alii) are simply following Saul Alinsky’s blueprint for achieving and maintaining anarchical power. First, create a crisis, and then capitalize on it (no pun intended). Now there are several who suggest that George Soros’ wealth is sufficient to create an economic crisis in this country, but I personally believe he is much smarter than that. As a mover and a shaker within the Democratic Party, however, it is within the realm of possibilities that Soros merely guided key democrats (such as Frank and Dodd, for example) in setting up the housing failure—the genesis of the so-called financial meltdown. Then, of course, Obama steps in . . . and while proclaiming doom and gloom, convinces everyone whose mental acuity is less than 10 to vote for him. Now in office, Obama wants yet a second term, so he cannot “save” the world in the next four years, can he? We have already heard him say that more spending will be required down the road, and that recovery will take “some time.”
Nevertheless, the stock market’s reaction to Obama is telling; it does speak volumes about the confidence most investors have in him. Unemployment may also be a telling factor, because the small businessperson (responsible for hiring 90% of our workers) is cutting back on staff and inventory. People who aren’t working are also not spending. Less consumerism results in an increase in unemployment—just like the days of FDR. The cycle repeats, and it tends to get worse before it gets better. Personally, I cannot imagine that Obama will win a second term, but then I didn’t think the American people were so stupid as to elect him in the first place. Just imagine, people agreeing with Mr. Obama and other socialists/communists that the solution to high debt and budget deficits is more borrowing, and unrestrained spending. Wow. It just boggles the mind, doesn’t it?
//there are several who suggest that George Soros’ wealth is sufficient to create an economic crisis in this country, but I personally believe he is much smarter than that. As a mover and a shaker within the Democratic Party, however, it is within the realm of possibilities that Soros merely guided key democrats (such as Frank and Dodd, for example) in setting up the housing failure—the genesis of the so-called financial meltdown. Then, of course, Obama steps in . . . and while proclaiming doom and gloom, convinces everyone whose mental acuity is less than 10 to vote for him. Now in office, Obama wants yet a second term, so he cannot “save” the world in the next four years, can he? We have already heard him say that more spending will be required down the road, and that recovery will take “some time.”//
I agree.
I would clarify that Obama is just a secondary gain for Soros. His primary goal is to enrich and empower himself. Getting Obama in office only facilitates and catalyzes the Soros agenda. Obama is merely a tool being controlled by Georgy boy. (Frank and Dodd too, for that matter.)
Soros has the Democratic party deep in his pockets.
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