They still haven't figured out how deep the rabbit hole goes yet...

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"...End? No, the journey doesn't end here. Death is just another path...one that we all must take.
The grey rain-curtain of this world rolls back, and all change to silver glass...and then you see it...
...white shores...and beyond...the far green country under a swift sunrise."

i've stated before this could be the buy of the century (actually others stated it first i just tend to agree)

quote:

Originally posted by Fir3start3r They still haven't figured out how deep the rabbit hole goes yet...

if you take the blue pill i'm telling your wife

So Republicans are no less socialist than Democrats. Who gives?

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Define "work". If you mean "Will it reinflate the stock market and the asset bubble while making the underlying problems with the economy much worse in the long run?"

then yes, it will work.

i hope it strengthens the economy, if for no other reason than to give capitalizt the shits

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quote:

Originally posted by Capitalizt Define "work". If you mean "Will it reinflate the stock market and the asset bubble while making the underlying problems with the economy much worse in the long run?" then yes, it will work.

agreed

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quote:

Originally posted by Capitalizt Define "work". If you mean "Will it reinflate the stock market and the asset bubble while making the underlying problems with the economy much worse in the long run?" then yes, it will work.

what if, despite all the moral hazards the world had violated in response to this crisis, we can put in place smart and effective stop-gaps and oversight to at least ensure this happens only once in 100 years?

quote:

Originally posted by Funkesthesiac69 agreed

yeah, but both you and him are much heavier on the ideology than you are on the experience. there are governments all over the world following suite to a greater or lesser degree. is everyone wrong?

there seems to be a tendency in the conspiracy theorist circles to believe that inflation is the devil and must be avoided at all costs. which isn't true.

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pk, yes everyone is wrong. The idea that more intervention and more socialism can correct the problem is wrong. All of these bailouts are only postponing the inevitable and will make the crash much worse when we finally allow it to happen. A time will come when I can say "I told you so", but I'm honestly not looking forward to it..because the world will be in an utter shithole.

quote:

Originally posted by Fir3start3r They still haven't figured out how deep the rabbit hole goes yet...

+1

What people really haven't thought about is the fact that 'Pensions' in the US don't really exist. That stock market plunge just wipped out the retierment plans for many people with 401k's. So they will all have to turn to social security ....


.... which was a problem two years ago that has never been fixed.



Not only has the bail out added direct costs associated with taking on more debt but it has added the indirect costs of takeing care of the elderly.


The next question is, "Will the US administration be as kind to it's elderly as it is to it's bankers?"

If how veterans are treated is any indication....