Global Financial Crisis (2 Viewers)

[kony]

the same thing happens whenever there's a recession. everyone bails out and starts to hoard the gold.

look at Newcrest and Lihir today.

 

[TurkStyle]

I think you just stereotyped yourself successfully enough, boyo.

iz not a stereotypical thought tiz the truth. lolz

 

[melanieeeee.]

Welcome to the cutting edge of Capitalism

there is your problem.

 

[chicky_pie]

woo americas goin down

theyll have to inavde another third world country and blame their self created organisations

ohh yea and stereotype my religion

If America is going down, the rest of the world will too.

Welcome to poverty.

 

[HNAKXR]

joo know what capitalism is? Getting focked!
-Tony Montana

 

[TurkStyle]

If America is going down, the rest of the world will too.

Welcome to poverty.

thats what the majority of people still think due to it being drilled into their minds that america is the be all and end all

when really america is getting owned sersiously while world growth is still at 4%

due to growing independent economies such as china brazil and india

 

[Graney]

due to growing independent economies such as china brazil and india

China has grown way too fast. In the year of our lord, 2008, if the U.S. economy starts to suffer, it will hit China hardest.

I've read some srs economists predicting total economic collapse, and a future slow rebuild for China. Predictions of serious political instability and even possible revolution in the peoples republic.

It's all speculation. but mark my words, the overnight prolifigation of Mercedes benz's, and vodka bars are not the signs of a country undergoing healthy and cautious economic development.

 

[zstar]

America is transforming into a Communist state.

The globalist NWO engineered this collapse to usher in the Amero.

These bailouts are nothing more than Nationalization of businesses violating the market principles.

These private businesses should not be given money but should collapse for mismanagement, This corporate Socialism is destroying America's economy.

 

[Silver Persian]

I suppose too much regulation was what led to shonky lending practices also?

 

[jb_nc]

lol apparently the US guv is going to absorb bad debts

lolin

this is nuts

 

[Iron]

Bar. No Q&A transcript. Maxine was very succinct about it.

Can someone condense the crisis into a paragraph of HSC-style language?

 

[jb_nc]

Bar. No Q&A transcript. Maxine was very succinct about it.

Can someone condense the crisis into a paragraph of HSC-style language?

The wikipedia article is good.

 

[Iron]

http://en.wikipedia.org/wiki/Subprime_mortgage_crisis#See_also
Also MARSSIVE

I'll just infer that it will make people agitated and more litigious
Business is looking UP
BIRD WATCHING THAT IS

 

[melanieeeee.]

fuck you all.

"There is enough money to keep the thing on care and maintinence basis for the near future with the reduced secretariat, but there's is nothing there to do anything else" one knowledgable Liberal insider said.

liberal scum.

 

[youBROKEmyLIFE]

http://www.youtube.com/watch?v=d73KlhUq1W8

RON PAUL talking about how this isn't the fault of Capitalism but of people being retarded.

 

[Silver Persian]

But surely a sensible economic system needs to take into account the fact that people are retarded a fair amount of the time?

 

[_dhj_]

Ron Paul is talking nonsense.

I say keep ideology out of economic decisions.

 

[youBROKEmyLIFE]

Ron Paul is awesome. I say don't freaking subsidise corporations because it's idiotic, but whatever.

 

[_dhj_]

Well he's no expert on the nature and extent of moral hazard, for instance. So really his rants on how things would be better without government intervention are simply ideological drivel.

 

[youBROKEmyLIFE]

Well he's no expert on the nature and extent of moral hazard, for instance. So really his rants on how things would be better without government intervention are simply ideological drivel.

Oh it's hypothetical, I know. Also, cheers for the Moral Hazard info, I'm checking out the wiki article now.