The impact of the aging baby boom generation on the symbolic meaning of aging is predicted to?

Posted by admin on April 4th, 2010 and filed under boom | 2 Comments »

The impact of the aging baby boom generation on the symbolic meaning of aging is predicted to
a. positively affect American’s image of older people.
b. reinforce the negative stereotypes American’s have of older people.
c. produce a split image between the "good" old and the "bad" old.
d. be negatively affected by conflicts with the younger working generation.

a.

But there is a mitigating circumstance that could affect it. If the "old" people are turned into the "bad" people because they require the money of the younger people, resulting in the anger and hostility of the younger people, then our moral and political system will have failed. The Fed owes right now 2.1 TRILLION dollars to the Social Security Administration, money it borrowed against the "old" people. How is it going to pay back the SSA? By taxing the younger people and/or by actually committing the horrific crime of turning the new Health Advisory Panels into Health Administration Panels like they have in England, panels that determine when something is too expensive, so that the "old person" must die so the young person can have it.

That would be a mitigating travesty of justice. I’m 55, I’ve paid in to the SSA, the Fed has borrowed it without my permission, actually against my wishes just as it passed the new health bill against my wishes. If some future Panel says I can’t have my meds, or my heart transplant, or that I have to go broke because none of the money I paid into SSA is available, that the rich government stole it form us poor peasants, then there is no hope for you when you get to be an "old person".

The symbolism would be reversed.

What caused the huge stock market boom in 1928-1929 and its subsequent crash in October 1929?

Posted by admin on April 2nd, 2010 and filed under boom | 2 Comments »

How did the practice of buying on margin contribute to both boom and bust?

Buying on margin affected the boom because people weren’t actually using their own money to buy the stock. Instead they were borrowing money in order to buy an intangible, and hoping that at some point the stock would go up and when they sold it the could pay back the loan. However, once the market started going down, people were unable to sell the stocks for as much as they bought them for. Thus they were unable to pay back the loans which they took out to buy the stock. This caused the banks to start failing because they were not making money. Which caused a run on the banks, forcing even more to fail because they had insufficient capital with which to lend, and if banks cant lend they cant make money.

The end is very brief, but the detail with the buying on margin is there.