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Listen, if everyone just eases up on their spending, doesn't dump all thier shares, keeps up those mortgage payments every month, and STOPS PANICKING, then everything will be fine and dandy.
This is nothing like the Great Depression. This is like the slump of the early 90's.
The main thing driving this now is the scaremongering media, and the 'thick-as-pig-shit-believe-everything-you-read traders'.
Sit tight everyone. It'l be rocky, but just learn to save.
this isn't like the slump of the early 90's. IT's much worse. Just the facts- PEAKED OIL PRODUCTION, impossible deficit, illegal taxation and subsequent looting, close to 7 billion people, receeding water supply, food waste. Just a mess.
We don't have a new system to fix this. THere's nothing that we can do besides scrap this thing. We as a people have the least invested in it really, since nobody really OWNS anything. You fail to pay taxes you lose it. Just a big sham to keep you HOMELESS with a roof.
We're all homeless, this body is just a rental...
here is the problem.....listen carefully. this whole problem can be traced back to one man....Alan Greenspan. the man is an irresponsible ass. i believe it was 2000, 2001 something like that and we had just come off the big dot com stock bubble crash. the entire federal reserve board was in favor of raising or keeping interest rate where they were ( though still artificially low ). under pressure most likely from the clinton adm. easy al talked the board into lowering rates aka printing more money. this fueled the real estate bubble and we know how that story is playing out. they can now lower rates to zero and it won't matter one damn bit because the banks aint loanin' money to anyone. as interest rates lower our currency turns to toilet paper. this fuels inflation as everthing we import we have to pay for with our toilet paper. it takes many rolls of toilet paper to buy a barrel of oil. this by the way is the reason the price of oil is going up. oil is price in U.S. currency (toilet paper). The best thing we could do know....even though we should have been doing it all along is to raise interest rates and shore up our currency. I know some of you are saying "but it make our goods cheaper to export" and that is true except that we don't export nearly as much as we used to and when our economy hits the skids completely the rest of the world is going to suffer big time as our foolish monetary policy has been the guiding force to the world wide bubble
LOL! I like this!Quote:
Originally Posted by envivision
Everyone of our elected officials have their fingers in the pie, Rep's and Dem's. To effect REAL CHANGE start by slapping some of these fat-cats in jail. I'm still wondering how a Senator that is payed under $170K a year be worth multi millions of dollars, health care and a pension for life?
Cork suck rat bastages!
BTW, the sub-prime mess we're now facing wasn't started by this administration, it was the brain child of Congress during the previous one. But if it makes anyone feel better then blame Bush/Cheney I'm more worried about what is going to happen when the adults leave.
...and the absolutely senile take over. What fucking adults are you talking about? The bunglers and whiners currently in the White House who took more vacation/play time than any president in history? Not only couldn't Bush respond responsibly to a 3:00am phone call, he couldn't even compose a complete thought for 7 minutes after being informed the U.S. was under attack, and he was wide awake. I'm wondering if this country can survive another ten or eleven months of this infant.Quote:
what is going to happen when the adults leave.
Have a look at Everbank.Quote:
Originally Posted by Bunzee
By the way, this analysis group has been eerily accurate so far.
I just want to get my ass humped as many times as possible before the lights go out for good.
I couldn't have said it better myself...nicely stated...Quote:
Originally Posted by trish
Tom - You're a genius and pretty smart. Similar to what I intended to last page, but I was a bit pissed. That market adjustment of the 90's ? - I'm up from $10K to over $50K on that one. LIve within your means and all wil be OK.Quote:
Originally Posted by Tomfurbs
Trish, I can see that you understand the crisis of our economy. From here forth, to everyone, do you not see that the USA is facing a financial crises? This will, and is causing a global meltdown. Have any one of you kept track of the Japanese Nikkei? That market was at 40,000 in the mid '90's. Now its at 11,000. The Dow, NYSE, Russel 500 etc. is suffering the same fate. The FED has cut interest rates to the lowest point since before the housing boom, which led to a major bust. This is only a repeat of the past, and things to come.