Old Project Avalon Forum (ARCHIVE) - View Single Post - Clif High's head's up, banking system collapse 25 October?

KathyT · 10-04-2009, 07:30 PM

It is the pendulum effect. Things go up, things go down. Things go up, things go down. I lived through 1983, did not most of you?

I was taught never to gamble, and I don’t. The stock market is nothing but gambling. Anyone who has the amount of loose cash around to invest in the stock market, should know they’re at risk of losing it when the markets fluctuate.

So, yes, the markets do effect banks. But what difference does it make if a dollar is only worth 50 cents, if everyone’s dollars are only worth 50 cents? We then all trade in values of 50 cents.

I’m not going to worry about other people’s losses in the markets. I didn’t participate in their gains, so why should I worry about their losses.

The banks have been around hundreds of years... they will survive.

10-04-2009, 07:30 PM	#12
KathyT Avalon Senior Member Join Date: Oct 2008 Location: America Posts: 427	Re: Clif High's head's up, banking system collapse 25 October? It is the pendulum effect. Things go up, things go down. Things go up, things go down. I lived through 1983, did not most of you? I was taught never to gamble, and I don’t. The stock market is nothing but gambling. Anyone who has the amount of loose cash around to invest in the stock market, should know they’re at risk of losing it when the markets fluctuate. So, yes, the markets do effect banks. But what difference does it make if a dollar is only worth 50 cents, if everyone’s dollars are only worth 50 cents? We then all trade in values of 50 cents. I’m not going to worry about other people’s losses in the markets. I didn’t participate in their gains, so why should I worry about their losses. The banks have been around hundreds of years... they will survive.