Asian Markets are down over 10%
10-09-2008, 08:23 PM
#13
1.5 BAR
Join Date: Nov 2005
Posts: 828
Re: Asian Markets are down over 10%
lol, what it means is that since we are no longer on the gold standard our currency value is based on confidence from other countries and the stock market, just because you don't have money in the market doesn;t mean it won't effect you, i mean hell how many people had access to buy stocks in 1929?
The main problem will be if our dollar system collapses and is no longer worth anything like germany prior to the depression (in 1922 the mark was at 130billion to the dollar) personally i am not worried because i do have money in the stock market and its going up pretty much everyday (ticker is GLD). Don't get me wrong though, I don't really care and am not saying the sky is falling or whatever, I just want to explain whats happening so its more understandable.
The main problem will be if our dollar system collapses and is no longer worth anything like germany prior to the depression (in 1922 the mark was at 130billion to the dollar) personally i am not worried because i do have money in the stock market and its going up pretty much everyday (ticker is GLD). Don't get me wrong though, I don't really care and am not saying the sky is falling or whatever, I just want to explain whats happening so its more understandable.
10-09-2008, 08:29 PM
#14
0.0 BAR
Join Date: Dec 2002
Posts: 0
Re: Asian Markets are down over 10%
Originally Posted by signorelli21
lol, what it means is that since we are no longer on the gold standard our currency value is based on confidence from other countries and the stock market, just because you don't have money in the market doesn;t mean it won't effect you, i mean hell how many people had access to buy stocks in 1929?
The main problem will be if our dollar system collapses and is no longer worth anything like germany prior to the depression (in 1922 the mark was at 130billion to the dollar) personally i am not worried because i do have money in the stock market and its going up pretty much everyday (ticker is GLD). Don't get me wrong though, I don't really care and am not saying the sky is falling or whatever, I just want to explain whats happening so its more understandable.
The main problem will be if our dollar system collapses and is no longer worth anything like germany prior to the depression (in 1922 the mark was at 130billion to the dollar) personally i am not worried because i do have money in the stock market and its going up pretty much everyday (ticker is GLD). Don't get me wrong though, I don't really care and am not saying the sky is falling or whatever, I just want to explain whats happening so its more understandable.
So why did orange chicken go up again?
10-10-2008, 12:22 AM
#15
0.0 BAR
Join Date: Feb 2003
Posts: 0
Re: Asian Markets are down over 10%
Originally Posted by hatchboy
i am really thinking about getting into the stock market with some money though, while its low,
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