total disaster unfucking real
5:40 AM est now someone needs to make a statement to inject some hope so it dont go nuts
5:40 AM est now someone needs to make a statement to inject some hope so it dont go nuts
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They can inject their dicks up their asses..
NOTHING is gonna fix this .. the DEFLATION IS THE FIX..
when people understand this, they'll understand what is going on
Study history a tad, just a little .. and you'll see what's going on..
I feel like I'm banging my fucking head against a wall... -
deflation has to happen on all levels agreeThey can inject their dicks up their asses..
NOTHING is gonna fix this .. the DEFLATION IS THE FIX..
when people understand this, they'll understand what is going on
Study history a tad, just a little .. and you'll see what's going on..
I feel like I'm banging my fucking head against a wall...
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ICQ# 158802076Comment
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Yep, but the problem is we're so inflated .. that people will DIE on massive levels in order to deflate this fucker..
it's a sad day today, BLACK FRIDAY
only not the Black friday when we spend all sorts of money on crap, black friday as in the day the depression started..
Mark my words, this is the GREAT DEPRESSION 2.0
75% of us are FUCKED.
Starting today.Comment
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http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
let's use that to get the lay persons started ..
Economy is based on supply and demand, even the dollar...
So the fed has been printing all these dollars to " circumvent " disaster .. only todays DOLLARS are CREDIT.. the credit market is fucked,
We're seeing credit DISAPPEAR, it's unavailable to even the most REPUTABLE companies and people .. it's the SAME fucking thing tht happened in 1930, they sucked all the bills out of circulation ( no credit available in todays world) .. They are withdrawling all the extra money (credit) they printed (lended out) in order to deflate the markets ..
It's the only solution, only problem is 25% of us will DIE because of it ..
Think I'm fear mongering? Look up history.... do your OWN research and then return to this thread....
See ya on the flip side folks, I'll be the dude saying " I told ya so "Last edited by iMind; 12-12-2008, 02:01 AM.Comment
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It seems to me (and I'm not economist) that the major difference is that that now, nearly 80 years later, the banking and financial world has changed dramatically. Back then the market lost 12% of its value and all hell broke loose. Now the market is down about 40% from where it was about 15 months ago and while things are far from good, they are still plodding along.
They had different types of bank transactions back then but not as intricate and there weren't as many options or players in the financial world. Having these options could help us avoid this.
I think we will bottom out. It probably won't be until after the new year because right now people are focused on the holidays, but eventually people will really panic and stop spending money and we will bottom out and then things will start to rebound. There are a lot of things to compare to now to 1929, but we have a lot more workers, more money and more options available to us this time around. I think the key, like you said is the credit markets. The world finances run on credit and until those start to loosen up and people/companies can start to borrow money again, it will continue to get ugly. However I'm not sure 75% of us are fucked and 25% of us will die, nor do I think we will enter into a great depression. Too many countries rely on us for that to happen.
All that said I think unless something happens like the president saying they will get the money to the automakers or some kind of deal being struck we may see the largest one day drop in history today. People have been worried, but every time there has been trouble there has been a bailout. If they deny the auto makers it may signal that the bailouts are at an end and this will cause some panic.Comment
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The good news is that we'll no doubt see the US dollar get stronger today. Invest always invest heavily in it when the markets go down.Comment
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Back then money was backed by commodities. Now there's no real backing. There isn't enough money in circulation, gold, silver, etc, etc to pay off all debt owed because there was never anything backing the buck. And compound on to this the bankers and brokerages had a secondary little racket going on in the form of CDS. This compounds the problem two fold.PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF.....
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?It?s over with,? the Senate majority leader, Harry Reid of Nevada, said on the Senate floor, after it was clear that a deal could not be reached. ?I dread looking at Wall Street tomorrow. It?s not going to be a pleasant sight.?
http://www.nytimes.com/2008/12/13/business/13auto.htmlComment
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"GM shares traded in Germany fell as much as 51 percent" BloombergComment
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as long as the pound keeps falling against the dollar i am happy!Comment
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the stock market is full of chickenshit morons. Hear a bit of bad news and they run around like chickens with their heads cut off. They are making it worse for themselves.you don't know you're wearing a leash if you sit by the peg all day..Comment
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only down 45 atm so way off the low.
but then again give it 5 minutes and we could be up or down 400 LOL
its been a crazy ride the last few months. Im happy to only be off 11% on my portfolio since septComment
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ICQ# 158802076Comment
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Its funny when those scumbags gave aig and the banks that money.They didnt ask about who makes how much? The ones crying loudest have an agenda they have foreign car plants in their states. Alabama gave foreign car companies over a billion dollars in subsidies and tax breaks and he is up there screaming the fucking hypocrite. The big problem is Harry Reid is a fucking wimp.Comment
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everything is going to be fine
buncha worry warts :PComment
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in the short term....
I'm speaking LONG term, Maybe things won't " crash " today, but it's coming.
Once people get it through their thick fucking skulls that the only problem with the economy is that it's inflated 10x what it should be, they'll start to understand what's going on..
You guys can all call me nuts, I don't mind ;)Comment
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oh, hell thank god.. Here I thought there were Automotive plants all over the country, and even up in canada, something led me to believe that the parts for these cars were built by hundreds of companies outside detroit, and I thought there were car dealers in every single town LOL, fuck I'm so dumb .. now that I know they only have these things in detroit, I feel much better..
Thanks for sharing your wisdom, it's made me feel so much better.Comment
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