Depression at U.S. doorstep

[watermock]

We are at the point of begging foreign governments, ANY governments to buy dollars.


There are dark days ahead folks. It's everywhere. You think the residential crisis was bas, here comes the commercial collapse. Merril Lynch, GM, AIG are collapsing.

Two companies will be left, morgaged with foreign money...Chase and Bank of America.

Bush is a traitor and should be arrested. He is owned by the MNC's.

It's class genocide right before our eyes. Read the money section lately? just a glimpse:

http://www.usatoday.com/money/indust...-options_N.htm

AIG's stock, which traded at about $70 last fall, tumbled 61% Monday to $4.76.

[L.A. BRONCOS FAN]

Bush is a traitor and should be arrested.

No kidding?

I had no idea.

[Bronco_Beerslug]

Depression at U.S. doorstep

It could be but I doubt there are enough people in this country that stay informed or care about the current economics to start a panic run. You never know though.

[Spider]

Originally Posted by watermock

We are at the point of begging foreign governments, ANY governments to buy dollars.


There are dark days ahead folks. It's everywhere. You think the residential crisis was bas, here comes the commercial collapse. Merril Lynch, GM, AIG are collapsing.

Two companies will be left, morgaged with foreign money...Chase and Bank of America.

Bush is a traitor and should be arrested. He is owned by the MNC's.

It's class genocide right before our eyes. Read the money section lately? just a glimpse:

http://www.usatoday.com/money/indust...-options_N.htm

AIG's stock, which traded at about $70 last fall, tumbled 61% Monday to $4.76.

I wish more people paid attention ....

[L.A. BRONCOS FAN]

Originally Posted by Spider

I wish more people paid attention ....

Especially when we tried to warn them that Bush was a crook four years ago (or eight years ago, for that matter.)

[Garcia Bronco]

The whole world's economies are slowing down. George Bush did it.

[Mr.Meanie]

I see a big depression coming on too.

I also dislike Bush, and think his policies were horribly thought out and executed... but he's hardly a traitor

[baja]

Originally Posted by watermock

We are at the point of begging foreign governments, ANY governments to buy dollars.


There are dark days ahead folks. It's everywhere. You think the residential crisis was bas, here comes the commercial collapse. Merril Lynch, GM, AIG are collapsing.

Two companies will be left, morgaged with foreign money...Chase and Bank of America.

Bush is a traitor and should be arrested. He is owned by the MNC's.

It's class genocide right before our eyes. Read the money section lately? just a glimpse:

http://www.usatoday.com/money/indust...-options_N.htm

AIG's stock, which traded at about $70 last fall, tumbled 61% Monday to $4.76.

Another one realizes what some of us have been saying for in my case 4 years.

[Rohirrim]

Originally Posted by Mr.Meanie

I see a big depression coming on too.

I also dislike Bush, and think his policies were horribly thought out and executed... but he's hardly a traitor

Really? He outted a covert CIA agent? In the 70s, when his dad wrote the law, he said he considered such an act to be treason.

[Spider]

Originally Posted by Mr.Meanie

I see a big depression coming on too.

I also dislike Bush, and think his policies were horribly thought out and executed... but he's hardly a traitor

I dont know about that ...... he left OBL to go pick a fight in iraq , he created a panel that made the Enron loophole , Gave companies tax breaks to move jobs over seas , His administration tried to use the Justice dept as a political tool , circumventing FISA , hiring incompetent people and putting them in high positions ,outing CIA agent Plame .......

[watermock]

AIG insures hurricanes and crops, they want/need 70 billion, among others...just to survive short term...

[TheDave]

AIG is a bad situation but giving them a nickle of public money is stupid.

Gonna have to let this one play out... As painful as that might be.

[alkemical]

Originally Posted by Garcia Bronco

The whole world's economies are slowing down. George Bush did it.

Events like these - seem to give creedence/power to the whole idea of the "Illuminati" pulling the strings...

[gyldenlove]

The economy is in the ****ter. With several investment banks going down the drain quickly, a lot of people will lose a lot of money. This won't hurt really rich people that much, but it will hurt insurance companies and pension funds who are heavily invested in stocks.

[alkemical]

Originally Posted by gyldenlove

The economy is in the ****ter. With several investment banks going down the drain quickly, a lot of people will lose a lot of money. This won't hurt really rich people that much, but it will hurt insurance companies and pension funds who are heavily invested in stocks.

Come on, think of all the liquidity we can inject by making SS put into stocks!

[Rigs11]

Originally Posted by Garcia Bronco

The whole world's economies are slowing down. George Bush did it.

the world's economies are dependent on the US economy. pay attention.

[Dudeskey]

Originally Posted by amesj523

Events like these - seem to give creedence/power to the whole idea of the "Illuminati" pulling the strings...

thats for sure... And thats always had me wondering about the depression in the 1930's... Like it was the setup for the planned coup that was fortunately exposed by Smedley Butler...™

[watermock]

Originally Posted by Rigs11

the world's economies are dependent on the US economy. pay attention.

hat's not nearly as true anymore. They would miss our CONSUMER SPENDING...and MILITARY PRESENCE...

They react because their economies are dependent on our consumer spending.

We don't build anything anymore and frankly, our investment capital is gone.

The one thing we have is FOOD and even that is dependent now in intensive use of petrochemicals for fertilizer, transportation ect.

Investment capital is now in places like Dubai, Japan, S Korea, Germany and China. Companies like Merril Lynch and AIG are broke/being consumed by said countries 10 cents on the dollar.

Oh, and the international oil companies that have no loyalty to any one country.

[Bob]

You guys could be on the Titanic and argue who was the blame as the ship sinks into a watery grave. So freaking shallow -- not to mention stupid to play the hand the two part system has given you -- if all of teh bastards are not held accountable, and can shift blame, it will continue to happen.

So I assume that EVERYONE on the left wants more government to fix it, and have to shift all the blame to Bush and the right. Bush has spent us to death -- I also blame him for that, but when looking at all the players who expanded lending to the poor and combined a private company with the federal entity -- you think the Dems are all lilly white, and not a part of it? Bull crap! When Eron went down they had assetts of 81 billion -- everyone freaked out and called for hearings -- now, they are giving these guys jobs to "help" with the transition. You think that Chris Dodd is not to blame as well -- no one got more money from Fannie Mae and Freddy Mac as far as donations go -- Obama was #2 -- why was that? Is Congress is not to blame as well? Who set the damn policies that encouraged lending to those who had no place in taking out loans? Go score points elsewhere -- why do you want to give government more power? The government will use this as another reason to Socialize and take more power -- this banking crisis is intentional to crush the average joe, and deflate the dollar so the can pay back those on the system with deflated dollars.

[Spider]

Originally Posted by Bob

You guys could be on the Titanic are argue who was the blame as the ship sinks into a watery grave. So freaking shallow -- not to mention stupid to play the hand the two part system has given you -- if all of teh bastards are not held accountable, and can shift blame, it will continue to happen.

So I assume that EVERYONE on the left wants more government to fix it, and have to shift all the blame to Bush and the right. Bush has spent us to death -- I also blame him for that, but when looking at all the players who expanded lending to the poor and combined a private company with the federal entity -- you think the Dems are all lilly white, and not a part of it? Bull crap! When Eron went down they had assetts of 81 billion -- everyone freaked out and called for hearings -- now, they are giving these guys jobs to "help" with the transition. You think that Chris Dodd is not to blame as well -- no one got more money from Fannie Mae and Freddy Mac as far as donations go -- Obama was #2 -- why was that? Is Congress is not to blame as well? Who set the damn policies that encouraged lending to those who had no place in taking out loans? Go score points elsewhere -- why do you want to give government more power? The government will use this as another reason to Socialize and take more power -- this banking crisis is intentional to crush the average joe, and deflate the dollar so the can pay back those on the system with deflated dollars.

voting the right person in that can fix this mess = Everyone wanting more government ......

[Drek]

Originally Posted by Bob

You guys could be on the Titanic are argue who was the blame as the ship sinks into a watery grave. So freaking shallow -- not to mention stupid to play the hand the two part system has given you -- if all of teh bastards are not held accountable, and can shift blame, it will continue to happen.

So I assume that EVERYONE on the left wants more government to fix it, and have to shift all the blame to Bush and the right. Bush has spent us to death -- I also blame him for that, but when looking at all the players who expanded lending to the poor and combined a private company with the federal entity -- you think the Dems are all lilly white, and not a part of it? Bull crap! When Eron went down they had assetts of 81 billion -- everyone freaked out and called for hearings -- now, they are giving these guys jobs to "help" with the transition. You think that Chris Dodd is not to blame as well -- no one got more money from Fannie Mae and Freddy Mac as far as donations go -- Obama was #2 -- why was that? Is Congress is not to blame as well? Who set the damn policies that encouraged lending to those who had no place in taking out loans? Go score points elsewhere -- why do you want to give government more power? The government will use this as another reason to Socialize and take more power -- this banking crisis is intentional to crush the average joe, and deflate the dollar so the can pay back those on the system with deflated dollars.

This entire problem stems from when the GOP used the democratic goal of making homes more affordable as an excellent carrier for repeal of Glass-Steagall. That is what Gramm-Leach-Bliley basically is.

It was mass deregulation, capped off by incompetence and disregard for the national well being rampant throughout the SEC, that caused all this.

That was a GOP horse since Reagan, and now its blown up in their faces.

Funny how when that happens, a GOP written and sponsored bill with only ONE democratic supporter in the senate out of 40, and less than a 3rd of the democrats in congress supporting it (as opposed to about 4/5ths republicans), its an equal blame issue.

Romney is trying to sing that same song. How "fixing this can't be about partisanship". Sorry Mit, it can. This is the equivalent of the GOP throwing **** all over the walls then asking all of us to help clean it up.

Personally I hope the full guilt of the current presidential administration, and many senators, are exposed in the next few years and leads to the destruction of the Republican party. I'm not even a democrat and I look forward to the day the other party dies. They haven't been the republican party of Lincoln and Teddy Roosevelt in a very, very long time and its time they stop lying to the American people.

I hope it crashes and burns so we can have a legitimate conservative party rise from it's ashes. I'd vote for that party. Small government, small infringement on American rights. That'd be a beautiful thing.

[Bob]

Originally Posted by Spider

voting the right person in that can fix this mess = Everyone wanting more government ......

I will admit this -- McCain will not have the guts to cut (or hold the line) to the level needed to save this economy -- Obama will spend more on Social programs, and will bail out more ... but either one will get blame. So take heart that Obama is behind -- as this economy is going down, and the person at the helm will be blamed wrongly (as if Congress had no part of it.)

When the solution is doing what Ron Paul would do -- the sooner we feel the pain, and stop attempting to push back the day of personal and collective accountability, the sooner we can start the slow crawl back to sanity.

In the early 90's federal mandates raised the percentage of loans offered to sub-prime folks that had no reason getting loans in the first place. The tech bubble blowsup so we lower interest rates -- inflating the biggest housing bubble ever -- finanicial companies jump on the train to easy money, and inflate the bubble more -- then the governement rewards Fannie Mae/Freddie Mac with a "one time" loan .. which only assures that company that they can do what ever they want as "they are too big to fail." Who else is too big?

[L.A. BRONCOS FAN]

Originally Posted by Bob

You guys could be on the Titanic are argue who was the blame as the ship sinks into a watery grave. So freaking shallow -- not to mention stupid to play the hand the two part system has given you -- if all of teh bastards are not held accountable, and can shift blame, it will continue to happen.

Who are you trying to bullsh*t here?

Do you not think people read your posts or the threads you start?

You pretend you're above partisan politics while you defend BushCo, McCain/Palin/GOP and attack Obama and the Dems at every turn.

You want to talk about "shifting blame" when all you do is shift blame for the Bush/GOP record of the past eight years onto the Dems and play "look over there."

Right-wing hypocrisy at its most repugnant.

[Spider]

Originally Posted by Bob

I will admit this -- McCain will not have the guts to cut (or hold the line) to the level needed to save this economy -- Obama will spend more on Social programs, and will bail out more ... but either one will get blame. So take heart that Obama is behind -- as this economy is going down, and the person at the helm will be blamed wrongly (as if Congress had no part of it.)

When the solution is doing what Ron Paul would do -- the sooner we feel the pain, and stop attempting to push back the day of personal and collective accountability, the sooner we can start the slow crawl back to sanity.

In the early 90's federal mandates raised the percentage of loans offered to sub-prime folks that had no reason getting loans in the first place. The tech bubble blowsup so we lower interest rates -- inflating the biggest housing bubble ever -- finanicial companies jump on the train to easy money, and inflate the bubble more -- then the governement rewards Fannie Mae/Freddie Mac with a "one time" loan .. which only assures that company that they can do what ever they want as "they are too big to fail." Who else is too big?

Not to insult you , but man I cant grasp your world ........this issue has been hacked to death , lines are drawn , Look here it is in a nut shell in the 80'S we the ta payers bailed out a Saving and loan company , reagan interjected government into a labor dispute , fast forward to today , the working man is struggling , spending more getting less on everything , now you look a working man i nthe eye and explain to him how mcCain who voted 95% with Bush , how voting for Obama is bad cause Obama wants to give him a break ....

[Bob]

Originally Posted by Drek

This entire problem stems from when the GOP used the democratic goal of making homes more affordable as an excellent carrier for repeal of Glass-Steagall. That is what Gramm-Leach-Bliley basically is.

It was mass deregulation, capped off by incompetence and disregard for the national well being rampant throughout the SEC, that caused all this.

That was a GOP horse since Reagan, and now its blown up in their faces.

Funny how when that happens, a GOP written and sponsored bill with only ONE democratic supporter in the senate out of 40, and less than a 3rd of the democrats in congress supporting it (as opposed to about 4/5ths republicans), its an equal blame issue.

Romney is trying to sing that same song. How "fixing this can't be about partisanship". Sorry Mit, it can. This is the equivalent of the GOP throwing **** all over the walls then asking all of us to help clean it up.

Personally I hope the full guilt of the current presidential administration, and many senators, are exposed in the next few years and leads to the destruction of the Republican party. I'm not even a democrat and I look forward to the day the other party dies. They haven't been the republican party of Lincoln and Teddy Roosevelt in a very, very long time and its time they stop lying to the American people.

I hope it crashes and burns so we can have a legitimate conservative party rise from it's ashes. I'd vote for that party. Small government, small infringement on American rights. That'd be a beautiful thing.

Alot I agree with, but again it is small and lacks any introspection if one cannot call out there own -- the Dems are also to blame...Congress is there for something arnt they?

I am ok with the R party crashing, if it means something special and sustained comes from it -- sometimes that what it takes. You are right the R party has not been about small for a long, long time, and that is a sad thing. My concern however, is that the Dem party will expand Social programs with good intentions, but the actual result will be reduced American capasity, abd greater dependence -- I am afraid that JFK's " ask not what you can do for your country" has been morphed into the opposite by the majority of both parties.