Originally posted by jerZ07002
I think i said this before, i'm not sure which thread. For me it's all about sending the right message and NOT rewarding foolish behavior.
"Wrong incentives produce wrong results."
-Warren Buffett
zookeeper
Well kids, it's been about 3 years since I started this little thread.
I saw it coming and didn't do much about it, now I'm FUCT.
I am now an American statistic and it really sucks ass.
I have stopped watching TV, because I can't stand having the media tell me how bad it is, because now I'm living it.
I can hope that things will get better, but right now I don't believe it will, possibly for many years.
My Grandmother used to tell me stories about the Great Depression, when I was a child.
I was in awe of way people dealt with grim circumstances.
In the future, I now may have some stories for my grandchildren.
I think that old cliche' applies to me now, "what doesn't kill you, makes you stronger".
I wish all of you the best of luck in this time of dread,
see you in the soup & bread line.
Capitalizt
$11 trillion should be here in a few weeks..
Then govt. is going to start spending their $3.6 trillion budget which will knock it up to $12 trillion+ by the end of the year..
hold on to your seats!
occrider
Whilst I agree with the sentiments of this thread that our debt will indeed eventually screw us (I was a huge advocate of reducing our debt during the good times of the Bush administration to prepare for bad times) we have the good fortune of dodging that temporary hurdle in that the global recession/depression is truly global in nature. As such the US dollar has dominated all other currencies as the "flight to safety". As such investments normally diverted abroad will flow to us and we have uniquely cheap financing of our deficits at this time period.
VictorJukov
You personaly in debt to foreign creditors over a 35 000 $
We in Russia live with no debt and bankers.
atbell
quote:
Originally posted by Shakka
All the rage today. Rick has been saying this for months, but today he got a lot of attention.
I don't see how people in finance can say they don't want others bailed out.
Supporting the homeowners is better than supporting people who were paid billions yet didn't do thier job.
The video also highlights one of the problems, the majority of people don't understand economics. Bernanke has been doing what he would have recomended they do early in the depression.
Love how when the poor receive anything it's wasted money, but when the rich receive help from the government it's for the sake of the nation as a whole. This country has way too many parasitic forces on it and judging by what the government is doing, it isn't trying to remove them. In any other country there would be a class war and these guys would probably be dead already.
zookeeper
Ok everyone, I feel that I must give a warning to any and all Americans who are thinking about trying one of these "Debt Settlement" companies, that you hear on the radio (usually on "conservative" talk radio..go figure):rolleyes:
DON'T F'ING DO IT!! IT IS A SCAM OF MAMMOTH PROPORTIONS WITH EPIC FAIL WRITTEN ALL OVER IT!!
What they do is tell you to stop paying your bills and force your creditors to make a "settlement" with you. But when AND IF, the creditors give you a "settlement" you will find it is NOT the .25 cents on the dollar that the "company" promised you would get.
There is a new breed of financial predator out there, preying on people who are trying to find a quick solution to their debt problems.
DO NOT FALL FOR THIS SCAM! YOU HAVE BEEN WARNED
Spam
quote:
Originally posted by mndeg
Love how when the poor receive anything it's wasted money, but when the rich receive help from the government it's for the sake of the nation as a whole.
Rich people hire others to do all the work they're too lazy to do.
Poor people buy cigarettes and lose at Bingo.
PS: Where'd juzfugen go? :conf:
zookeeper
quote:
Originally posted by Spam
Where'd juzfugen go? :conf:
I think I saw him outside, flying past my 16th story window:clown:
liquid solja
Is it any wonder that they're calling for a global curreny now?
Ron Paul was the only one who had a clue or at least was the only one who really cared.
