Wheels within Wheels within Wheels

[Saxon]

So, I'm not sure how many of you have been keeping up on the U.S. economy as of late but to put it in layman's terms and from what I understand. It ain't good, it ain't getting better any time soon, and the people who are in charge of fixing this mess are all idiots.

http://news.yahoo.com/s/ap/20080929/ap_on_bi_ge/financial_meltdown

That alone makes the burlap sacks a very tempting investment, because, ya' know Dow Jones falling nearly 800 points after the vote doesn't mean anything to our economy at all, does it?

This whole situation, solution or not, is starting to make my blood boil.

[Arsène]

I say we invade a country with gold this time. Oil prices fluctuate too much to be reliable, so let our plunder glitter!

[Terminus Mortis]

But all that glitters is not gold. I need brass and copper for my bullets, and diamonds pay out the most.

[Ayithe Solete]

England are slumping in with you though, so your not alone. Its all over the newspapers at the moment.

[Visla Eraclaire]

I think the worst part of this crisis so far is having to listen to people who know nothing about economics talk about the problem and what should be done.

Other than that, I don't give a damn. My profession is recession proof. Even when the markets are down, people still want to fight each other over the scraps and are willing to pay out to do so.

[Witchblade]

The only real information I get on what goes on in the U.S. is from watching The Daily Show and The Colbert Report. But as someone who lives North of you guys, with an economy that is tied into yours to a certain extent, I am a little worried. But I am happy to see that 700 billion dollar payout the government was just going to hand out was turned down.

[Max Dirks]

It's certainly a severe crisis, but as Visla pointed out, the world economy is far too dependent on market speculation. It's unfair to the U.S. tax payers to have to bail out banks who gave loans to financially irresponsible citizens, so I too am happy that the House did not pass the 700,000,000,000 bail out plan (yes, I wrote it out for dramatics). I have enough debt on my own. I don't want to pay for everyone else's too.

If we must bail out out the banks, we should have the government purchase most of the property rather than fight a liquidity explosion with more liquidity. Obviously, greater global financial oversight will come regardless of a bailout in the coming months.

[Witchblade]

I think I heard someone say that if the government were to help bail out the banks, they should give them the money as a loan with an interesting rate of around 10%. that way, the government actually makes some kind of profit instead of just handing over all that money for nothing (except the hope of fixing the economy).

[Sorahn]

Uhm... (http://www.brillig.com/debt_clock/)

Yeah...

[Max Dirks]

Uhm... (http://www.brillig.com/debt_clock/)

Yeah...Fortunately, that measurement doesn't include all the $$ that countries owe to us, only what we owe to others (and to ourselves).

[Terminus Mortis]

Unfortunately, my job is dependent on the economy since it is tied in with the corporations producing the firearms. Economy goes down, prices go up.

[Saxon]

I think I heard someone say that if the government were to help bail out the banks, they should give them the money as a loan with an interesting rate of around 10%. that way, the government actually makes some kind of profit instead of just handing over all that money for nothing (except the hope of fixing the economy).

That was the original plan. The FED was going to buy up those companies, gain majority control of them as well as veto power, lock the multi-billion dollar loan in for a couple of years so if that wasn't used in that time they'd yank it away, as well as a 11-15% interest rate.

But gee, that wasn't good enough so we get to watch the politicians that were voted to serve our country tear the plan apart in the name of compromise or to sit back complacently and give no solution at all. Don't get me wrong, I don't enjoy the idea of having to shell out more in the name of holding up this piece of shit economy we're stuck with, but Hell if anybody wants to speak up and share any other better ideas that can help us get out of this mess I'm all ears.



Other than that, I don't give a damn. My profession is recession proof. Even when the markets are down, people still want to fight each other over the scraps and are willing to pay out to do so.


Well, I'm glad your ass is covered from the economic crisis that'll affect all of us. Really.

[Visla Eraclaire]

Well, I'm glad your ass is covered from the economic crisis that'll affect all of us. Really.


Send me a letter from the poor house if you can afford it. I'm debt free, not dependent on invested wealth, and looking forward to a fine stream of paychecks.

I can afford to ride out the storm in comfort. I'll be taxed heavily whether they bail out the companies or not. I long ago divested myself from the notion that tax revenues were "my money" being spent. Death and taxes and all that. The only government actions I get riled up about are ones that substantively impact my liberty. Dollars and cents are all a wash in the end.

[Terminus Mortis]

Right well when I compose a standing army in my united Africa and seat myself in a place of power through a coup d'etat in the US and the world finally falls under my control, I'll fire you.

[Visla Eraclaire]

I stopped reading after "united Africa." HAH

[Terminus Mortis]

Oh you would hate black people.

[AdventWings]

Jeez, people. Keep yer heads glued on!

Visla: We know you're not affected by the economy. Thank you for your (limited) input. [/semi-serious]

TM: ...I wanna cut of South Africa. [/off-topic]

As to this situation, stock markets all over the world are plummeting because of market speculation. Hopefully it's just that - Speculation. However, since the Dollar is weakening, this would give some chance for countries who owe America a lot of money to pay their debts for less than when the Dollar was strong. How much reduction in the overall value is dependent in the given country's economy, but there's still some hope in the near future.

I don't know what to say about how Americans should spend their money, since it's obviously your tax money the plan proposed for. I would think that big corporations would have enough guts to stake their claims, but it looks like even the gods of marketing are waiting out for the time to jump in...

[Arsène]

The dollar is not the only currency weakening.

[Terminus Mortis]

Because almost every country's economy is tied together now. The market is intertwined.