20 replies to this topic

[Ferrous]

Well not sure if you guys have been keeping up with investing and wot not... But I have and today I woke to the sweet sweet news of a possible economic collapse and I quote:

"It's a return to pure capitalism, the survival of the fittest -- the government can't and won't bail everybody out," said Justin Urquhart Stewart, investment director at 7 Investment Management in London.

God it cheered me up lol.

Any how the economy has been hella fucked for the past year. With all the dumbasses buying homes that were to high that later fueled bankruptcy up the ass for a lot of people. The ever fucked up oil battles. And most of all people trying to live the high life when it's not possible.

So I think we are heading to what seems the darkage of the US. People are going to stop trusting banking companies. Which is good. But then follows the collateral damage which is massive lay offs. <<<< Lol Like we haven't seen that before.>>>> Most probable will be another inflation on the dollar. Followed by people unable to meet their daily needs like always. All in all... Ever since the US exchanged from having money worth gold to being worth less than the paper it's printed on. Has well shown it's ugly face these llast couple of decades. Even more so the last couple of years.

What are you guys thoughts?

[Janus McLeod]

i dont think there's anyone right now that cannot say the economy has gone to shit i just thank god that its no where near as bad as great depression but way things are going give it another year or 2 for that

[Apirka]

Give it time and it'll probably be the depression all over again.

[Silent3xe]

My sociology proffessor was telling us about Lehman Brother and Merrill Lynch going bankrupt/getting bought out by Bank of America and how other banks weren't doing well either. Apparently it was the biggest corperate collapse in US history. Also he named a couple of banks, and said if they went bankrupt then the US economy would completely collapse. Apparently Oil prices are dropping though which should help the economy a little.

[Ferrous]

Your econ teacher is a dumbass! The economy has collapsed. It collapsed back then when they changed the value from gold to air. Yesterday the Senator Bernie Sanders PWNED congress and and all of WBush's friends. He made everyone on the planet who backed and back's WBush, Facepalm themselves followed by eating their own excrement in order to ask for forgiveness*Chea I watch C-Span.* Today he was to give his speech as well as some other senators that back him up. I with all that is in me back up him and his peeps.

Here is what he talked about yesterday:

http://sanders.senate.gov/

[Apirka]

Shut up.

You're not a economist.

[Janus McLeod]

lol im no economist but im pretty sure i saw this coming (i mean didnt think it would be this bad though) i mean the housing market was constantly going up and many homes overpriced and the stock market kept going up for a long time now i may not know much about economics but i do know what goes up must come down

[Ferrous]

LOL Yeah I am!!! I owns stocks! And I has a bankaccount... That makes me uber econ. Also my woman is a business major. Who /fails, but I've been reading her books. Like 90% of the book is trash and like the other 10% gives you very vague world applicable stuff.

Lol and I do spend my whole day doing nothing but reading news from here

http://www.bigeye.com/news.htm

Any who aren't I entitled to my super guesstimate opinions? <<<<<<< Plus canucks to have a say in politics/econ! 'Cause 9 out 10 americans have the guns to blast ya =P hahaha \j.k

[Apirka]

You still haven't gone to school and studied it. That guy probably has a PhD to be a professor.

I've read books on physics. That doesn't make me a physicist.

[Lazlo Falconi]

Old news to anyone who's been even half paying attention. I said it before and I'm saying it again, capitalism is a failed system.

[Janus McLeod]

and unfortuneately so are a lot of different political systems like communism, socialism, and any others

Edited by Janus McLeod, 20 September 2008 - 01:47 AM.

[Dmac]

When the next great depression hits, keep an eye out for an up and coming hobo band called "Boxcar D and the Furious 3". We'll be riding the rails. You can all be groupies.

PS: Let's all just get together and make a permanent autonomous zone. Then you guys can stop bitching about the government.

[Apirka]

When the next great depression hits, keep an eye out for an up and coming hobo band called "Boxcar D and the Furious 3". We'll be riding the rails. You can all be groupies.

PS: Let's all just get together and make a permanent autonomous zone. Then you guys can stop bitching about the government.

That makes me think of O Brother, Where Art Thou?

[Theredbaron]

Man, that movie was the shit! I love that song too. Man Of Constant Sorrow is just awesome.

[Apirka]

I love it so much.

[Ferrous]

LOL Georgism FTW!


Dmac is that your band?

If so I wants to hear a sample.

[NARU.EXE]

America is a pure capitalist society.
That means the $ is god.
If you allow the "free market"
to run completely unfettered of rules
and regulations it will LIE, CHEAT, STEAL, even KILL
to get the all mighty dollar.
You are now witnessing the results
of a deregulated business/industry.

[Avatar of Vengeance]

The economy, isnt as bad as people is making it out to be.. They are doing this to accually make more money.. But in the long run screwing themselves.. For Example.. Chrysler and GM have now filed for bancruptcy Now car prices will go up by as much as 10% and parts will probably go up 20% Its a Government thing.. They want money and they know they cant get it unless they scare people to death

[Apirka]

I don't want any of their silly cars anyway, and I think a lot of people are heading in that direction.

[Avatar of Vengeance]

I don't want any of their silly cars anyway, and I think a lot of people are heading in that direction.

Why do you think I own a Nissian Skyline