The number one cause of this "global economic crisis"....

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  • dropped9
    Registered User
    • Jan 2001
    • 26727
    #1

    The number one cause of this "global economic crisis"....

    Stupidity.

    You can buy things with money you don't have.

    Thanks.
    Tags: None
    • DWB
      Registered User
      • Jul 2003
      • 31779
      #2
      Originally posted by Headless
      Stupidity.

      You can buy things with money you don't have.

      Thanks.

      I don't understand people who live their life chained to debt. It just doesn't make sense anyway you look at it.

        Comment

        • Stellar
          So Fucking Banned
          • Feb 2008
          • 611
          #3
          To me,

          the cause seems to be related to "over-population".

          It was a whole different ball game back in the baby boomer days.

          The rapid increase in outsourcing the last 20 years or so is slapping us in the face as well.

          All of our money that goes out over sea's for oil and other goods just IS NOT making it's way back to the USA anymore for re-circulation.

          But maybe i'm stupid

            Comment

            • RP Fade
              Confirmed User
              • Sep 2003
              • 3343
              #4
              I agree, but what came first, the chicken or the egg? The federal reserve and creditors in general facilitated this by handing out credit with only having a heartbeat as the main requirement.
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                Comment

                • IllTestYourGirls
                  Ah My Balls
                  • Feb 2007
                  • 14311
                  #5


                  All can be found in that building.

                    Comment

                    • Eriic
                      So Fucking Banned
                      • Jan 2008
                      • 2995
                      #6
                      Originally posted by DirtyWhiteBoy
                      I don't understand people who live their life chained to debt. It just doesn't make sense anyway you look at it.
                      most people live that way and they always will. Buy it now and worry about paying for it later or little at a time ............Thanks credit

                        Comment

                        • BlackCrayon
                          Too lazy to set a custom title
                          • Jun 2003
                          • 19634
                          #7
                          Originally posted by DirtyWhiteBoy
                          I don't understand people who live their life chained to debt. It just doesn't make sense anyway you look at it.
                          Most people don't have a choice. The average working person can't afford to buy a nice car or even an "ok" house paid in full.
                          you don't know you're wearing a leash if you sit by the peg all day..

                            Comment

                            • King of Queens
                              Confirmed User
                              • Aug 2006
                              • 1288
                              #8
                              Originally posted by BlackCrayon
                              Most people don't have a choice. The average working person can't afford to buy a nice car or even an "ok" house paid in full.
                              Agreed, most people are used to 30 year mortgages and those that couldn't qualify for one jumped at the chance get their dream house.

                              A lot of people are credit card crazy and these big companies don't wont these people to get their shit together so before they let em off the hook it's just easier to send them another card even though they are not proned to pay it all back.

                              Pay a loan with a loan. Buy with credit and worry about paying for it later and if you can't pay it's not my fault as they shouldn't given me another card/loan knowing my credit score etc.

                              The bulk of these people are trained.
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