I know it's been a while since I last posted, but the baby is asleep, so I'm going to give it a shot.
Right now the Presidential race is really fucked up. Polls have Obama winning right now, mostly thanks to the economy. Most Right-wing guys think that McCain had nothing to do with the economic meltdown, yet is being unfairly targeted for it by voters. Problem is, I think the American people are actually thinking for one minute. Anyone who pays ANY attention to American politics knows that Free Market Capitalism and lax government intervention is a Republican Tenet. Let the market do what it will.
And I believe that to a certain extent. The market is actually working just fine in this "crisis". It is correcting itself THANKS TO government intervention rate lowering. I am a big believer in the LAW of NATURE. Everything, and I do mean EVERYTHING has an ebb and flow, an up and down. Weather patterns, hurricane intensity from year to year, mating habits of salmon, number of fans that watch professional wrestling, beer:liquor consumption ratio over time, stock market, dark skinned black men popularity.
Things go up and down. There is an overall trend down or up over time in many cases, but things still go up and down. The Federal Reserve is an entity that tries to DEFY the laws of nature and is thusly doomed to FUCK UP. Under a basic natural market, the Dow would go up and down, but the Fed Reserve will try to keep markets high by lowering interest rates on money during what SHOULD BE bad times. The c-suckers are not letting nature take its course. And like the man said in Jurassic Park, nature always finds a way.
Here's another aspect about the Law of Nature, the more you try to go against the ebb and flow of ANYTHING, the more violent the change is when the change finally does occur. Ask New Orleans about how violent a change in Nature can occur as the try to block off a river which should be flowing down the middle of the state right now. Ask the parents of a teenage girl they kept sheltered, who then goes to college and joins a sex cult. Ask the people of Los Angeles in the 90s when their government was not letting their neighborhoods flourish naturally, and riots ensued. Same thing today. The more you keep the market artificially high, the VIOLENT and DRASTIC the drop will be when it finally comes, and it will come. As a believer in index funds, let me say taht THERE IS NO SUCH THING AS EVERLASTING PROSPERITY! EVERYONE AND EVERYTHING HAS UPS AND DOWNS, GOODS AND BADS. You get drunk, you have a hangover. The yin and the yang. Nature always wins, and we are seeing it right now.
Everyone involved with this meltdown should be shot. And the Fed Res. needs to be dissolved and we should go back to a Gold Standard. Let the market do what it will. Any asshole who invests in a few companies only will get hurt in the long run as individual stock trading is just gambling where the house always wins. We know this. But don't try to use all our money to make up for their mistakes. Let the market flow naturally. Individuals should invest in index funds and mutual funds that cover much if not all the market in some respect. Readjust every couple of years. For the government, keep in regulations so crooks don't come in and rob the people, but as far as trying to raise the market artificially or whatever, it's for the birds.