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General News DOW hits 20K

Discussion in 'Current Events, World News, & LGBT News' started by backdrop, Jan 25, 2017.

  1. backdrop

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    Boom: Dow hits 20,000 for first time ever - Jan. 25, 2017

    I would say this is great for the country + most people seem to be really happy for this ...... there is a problem tho

    Looking at the top 3 stocks:

    Boeing
    Goldman Sachs
    PG Morgan Chase

    2 out of three are banks that trump supports . Banks in general are one of the worst market choices because they can be so volatility unstable ( such as 2009).

    My prediction would be in the next 3 months to a year at THE MINIMUM , we will see a crash worse than the great depression. Alot of people will then be homeless and most minorities cannot find a job due to trumps pro - discrimination views .

    AKA were ALL screwed .:bang:
     
  2. AwesomGaytheist

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    I'm seriously hoping the crash happens after the midterm, so he gets all the blame and his approval rating doesn't have any time to recover.
     
  3. greatwhale

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    That bank stocks are the leaders in the current valuation of this major index in the US stock market only serves to remind us that the financial sector wields too much influence over what constitutes an "economy".

    Banks do not produce anything. They do not create real wealth, they do not provide innovations in science, technology or the arts, they make their obscene profits on transactions and financial instruments that are prone to blowing up...

    And this...

     
  4. DoriaN

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    You sound really salty.


    Anyways, yes an economic collapse is coming soon, so stocking up on food and supplies is very much recommended, banks are evil.
     
  5. anthracite

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    I think Trump will screw up your economy too, but I am astonished by the hate for bankers. It is an amazing opportunity to improve your class.
     
  6. backdrop

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    [YOUTUBE]https://www.youtube.com/watch?v=GCQfMWAikyU[/YOUTUBE]

    If you look back at history , it was banks that basically caused the great deppression . Also weird how crash course mentions andrew jackson as in the New York Times , he has a portrait up in the oval office and ONE OF OUR FIRST POPULIST PRESIDENT .

    https://www.youtube.com/watch?v=GCQfMWAikyU
     
  7. anthracite

    anthracite Guest

    @backdrop: Everything has their good and bad sides. Electricity isn't shit because of electric chairs. Democracy isn't bad because people sometimes elect bad people.
     
  8. galaxygia

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    Banks aren't inherently evil and the Great Depression was caused by people who stormed banks asking for their money back which the bank didn't have cuz they're not prepared for so many withdrawals.
     
  9. DoriaN

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    There's a lot of history with the banks and the controlling on nations, everyone should learn it and see what the Federal Reserve has done.