How will the subprime loan meltdown affect YOU? - GoFuckYourself.com

$5 submissions · 11-25-2007, 03:20 PM

Great video on how banks use loans/debt to "create money": http://video.google.com/videoplay?do...74362583451279

After watching that, read this article on the recent subprime loans meltdown: http://www.nytimes.com/2007/11/25/we...=1&oref=slogin

Put it all together and try not to shit your pants.

11-25-2007, 03:32 PM

Very interesting, but for generations, Americans and the rest of the world for that matter have faced very grim outlooks. The end result is that people bounce back, the majority adjust to live within the means set forth and the economy will slowly start to recover.

It may take 1 year, 5 years or even 10...but in no way will we be where our parents and grandparents were during the great depression. there are just to many economical avenues to keep incomes and our society afloat.

AlienQ - BANNED FOR LIFE · 11-25-2007, 04:00 PM

It wont.

Well maybe it will.
I could always use another couple acres.

Welcome to 5 months ago.

$5 submissions · 11-25-2007, 04:37 PM

Quote:

Originally Posted by shermsshack

It may take 1 year, 5 years or even 10...but in no way will we be where our parents and grandparents were during the great depression. there are just to many economical avenues to keep incomes and our society afloat.

I do agree with you on one thing: the costs involved are HUGE. It will definitely incentivize global capital players to avoid moves that will reveal that the Emperor wears no clothes.

sandman! · 11-25-2007, 05:27 PM

i think i will find ways to make $$$

DaddyHalbucks · 11-25-2007, 06:40 PM

It creates a buyer's market.

Snake Doctor · 11-25-2007, 06:48 PM

I think the subprime thing isn't going to have nearly the effect the bad news bears are saying it will.

When things are slowing down the bears always make it out to be worse than it really is.

When things are speeding up the bulls always make it out to be better than it really is.

tony286 · 11-25-2007, 06:51 PM

I think the media makes it worse, bad news sells so they pump it up and it becomes a self for fulling prophecy.

tony286 · 11-25-2007, 06:53 PM

I think the media makes it worse, bad news sells so they pump it up and it becomes a self for fulling prophecy.

11-25-2007, 03:20 PM	#1
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	How will the subprime loan meltdown affect YOU? Great video on how banks use loans/debt to "create money": http://video.google.com/videoplay?do...74362583451279 After watching that, read this article on the recent subprime loans meltdown: http://www.nytimes.com/2007/11/25/we...=1&oref=slogin Put it all together and try not to shit your pants. __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

11-25-2007, 04:00 PM	#3
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	It wont. Well maybe it will. I could always use another couple acres. Welcome to 5 months ago. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

11-25-2007, 05:27 PM	#5
sandman! Icq: 14420613 Industry Role: Join Date: Mar 2001 Location: chicago Posts: 15,432	i think i will find ways to make $$$ __________________ Need WebHosting ? Email me for some great deals [email protected]

11-25-2007, 06:40 PM	#6
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	It creates a buyer's market. __________________ Boner Money

11-25-2007, 03:32 PM	#2
shermo Guest Posts: n/a	Very interesting, but for generations, Americans and the rest of the world for that matter have faced very grim outlooks. The end result is that people bounce back, the majority adjust to live within the means set forth and the economy will slowly start to recover. It may take 1 year, 5 years or even 10...but in no way will we be where our parents and grandparents were during the great depression. there are just to many economical avenues to keep incomes and our society afloat.

11-25-2007, 06:48 PM	#7
Snake Doctor I'm Lenny2 Bitch Join Date: Mar 2001 Location: On top of my soapbox Posts: 13,449	I think the subprime thing isn't going to have nearly the effect the bad news bears are saying it will. When things are slowing down the bears always make it out to be worse than it really is. When things are speeding up the bulls always make it out to be better than it really is.

11-25-2007, 06:51 PM	#8
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	I think the media makes it worse, bad news sells so they pump it up and it becomes a self for fulling prophecy.

11-25-2007, 06:53 PM	#9
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	I think the media makes it worse, bad news sells so they pump it up and it becomes a self for fulling prophecy.