Very unsettling times!

I'm going to be intentionally vague to avoid violating the spirit of the thread and wishes of the Mods. No "paper" economy has ever survived. Once we left the gold standard we were susceptible to the practices which have brought us to this point. I agree that a revolution is needed. Now is the time to follow what's going on and to speak up to your elected officials at every level. As the old joke states, politicians (of all leanings) and diapers should be changed frequently and for the same reasons.

I also recommend everyone google the term Amero and do some reading of their own. Alot of this has been forseen and promoted.

Mods, feel free to edit or delete if anything appears out of line. It wasn't intended.
 
You have done a very good job cyberbeer65, but you have all failed to realize something. Yes it is true that everything is going downhill and it is not all about morgages like the government officials are trying to say it is, and yes it does have a lot todo with the market. But it also has todo with a lot more than just figure out where this money is going to come from.

The reason why this bailout might be a good idea has todo with something that has already occured in history and Im sure you have all heard about or have dealt with personally. It was called the great depression.

The reason that politicians and some people think that this may be a good idea is that the great depression may have been stopped had the government at that time done something similar to what they want todo know. On the famous Black Tuesday or the day "The stock market crashed" the market fell by 90 points. Thats from 452 points, roughly 20% and less than three months later the market only had 52 points of the original 452 left, nearly 90%. The DOW lost, I believe only 7% yesterday.

So there is a risk either way. Do we take a chance and possibly prevent another great depression or do we hope that this will all go away. Either way is risky and it will certainly get worse before better.

One of the largest problems with banks "failing" is that the large CEOs make more money to run their buisness into the ground than to make it better. Thats like paying someone 8 million or 10 million dollars todo nothing and sit on their butts all day.

Also just so you all know the reason why it failed was because of elections coming up. With the house elections a little over a month away and 58% of the public against this they weren't about to go side with the other 42%. The opponents would destroy each and everyone of them if it passed.

Just a little food for thought. Feel free to comment.

Edit: Also dont listen to either of the candidates who say that they both predicted this event. One if they predicted it why didn't they stop it? and two neither of them said that anything about it before it came up recently.
 
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Yes, and during the 80's Black Tuesday, the government did shell out over $100B (if I remember correctly, my internet is out so limited to surfing on my berry)) and economist believe that the losses would have been worse. And I agree we are nowhere near the Great Depression, our unemployment I believe is holding around 4% compared to over 40. And other markets and economic indicators are still showing slow growth. The main thing that is in trouble is the credit market, which us Americans have become too independent on. We are going to get use to the livestyle that many over in Europe are more accustomed to, smaller homes and smaller cars, compared to McMansions and Escalades. .

And to add on the above poster, the politcians all know how hard the economy is and they really don't want to be looking for new jobs in a few months.
 
hirschy75 said:
You have done a very good job cyberbeer65, but you have all failed to realize something. Yes it is true that everything is going downhill and it is not all about morgages like the government officials are trying to say it is, and yes it does have a lot todo with the market. But it also has todo with a lot more than just figure out where this money is going to come from.

The reason why this bailout might be a good idea has todo with something that has already occured in history and Im sure you have all heard about or have dealt with personally. It was called the great depression.

The reason that politicians and some people think that this may be a good idea is that the great depression may have been stopped had the government at that time done something similar to what they want todo know. On the famous Black Tuesday or the day "The stock market crashed" the market fell by 90 points. Thats from 452 points, roughly 20% and less than three months later the market only had 52 points of the original 452 left, nearly 90%. The DOW lost, I believe only 7% yesterday.

So there is a risk either way. Do we take a chance and possibly prevent another great depression or do we hope that this will all go away. Either way is risky and it will certainly get worse before better.

One of the largest problems with banks "failing" is that the large CEOs make more money to run their buisness into the ground than to make it better. Thats like paying someone 8 million or 10 million dollars todo nothing and sit on their butts all day.

Also just so you all know the reason why it failed was because of elections coming up. With the house elections a little over a month away and 58% of the public against this they weren't about to go side with the other 42%. The opponents would destroy each and everyone of them if it passed.

Just a little food for thought. Feel free to comment.

Edit: Also dont listen to either of the candidates who say that they both predicted this event. One if they predicted it why didn't they stop it? and two neither of them said that anything about it before it came up recently.
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I just have to say that while you make some good points, to do is two words. :lipssealedsmilie:
 
Hooked Newbie said:
No "paper" economy has ever survived. Once we left the gold standard we were susceptible to the practices which have brought us to this point. I agree that a revolution is needed. quote]

:y220e::iagree: Couldn't have said it better myself
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I'm not going to comment to much as I know I will cross the line.


HN is right to point you to Amero,it will happen I'm not even sure we can stop it at this point.

I am happy as all get out that the bailout failed. No one saved me when I made bad financial decisions. I had to start from scratch as should the companies. If the bailout was to help those whose homes are being foreclosed I might be okay with it but its not.Those people are still going to lose their homes. The bailout is to save the financial companies. Let them burn burn burn. New ones will take their place and be run correctly. The elected officials need to worry about regulations and rules for the companies still running and for the new ones coming from the ashes.

I don't know how many of you have seen this. PM me and I'll link you to it. The video shows a hearing in 2004 warning about this. http://www.americanthinker.com/blog/2008/09/memory_lane_lynching_franklin.html
 
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