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Old 09-23-2008, 12:59 PM
 
862 posts, read 771,979 times
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thats depression-\OR is 10+ years of bailouts worse?
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Old 09-23-2008, 01:00 PM
 
Location: America
6,979 posts, read 15,128,558 times
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deoression = depression? Hmmm, I don't know what hyperinflation looks like in daily life and I don't know what a depression looks like in daily life. So I will defer this topic to others.
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Old 09-23-2008, 01:19 PM
 
5,092 posts, read 9,600,213 times
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oh no, it can get a LOT worse.

Leave some more morons like Bush/Cheney in charge with the ethos that stealing is as good or better than earning -- and we can get some real past due payback visited upon US.

Say they do something really stupid like attack Iran after the election -- a much bigger version of the stupidity Daddy Bush did with invading Somalia after he lost the election. NYC or DC could get wiped out in payback. It would take US decades to recover that.
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Old 09-23-2008, 08:56 PM
 
Location: Charlotte, NC (in my mind)
7,946 posts, read 14,597,380 times
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Quote:
Originally Posted by Philip T View Post
oh no, it can get a LOT worse.

Leave some more morons like Bush/Cheney in charge with the ethos that stealing is as good or better than earning -- and we can get some real past due payback visited upon US.
If this happens, Bush, Cheney, and Condi Rice should all be tried and publicly hung for treason.
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Old 09-23-2008, 09:09 PM
 
Location: Great State of Texas
86,093 posts, read 69,870,497 times
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Well..should we crash the President can declare martial law and remain in power indefinitely.
Read the wording of the Patriot Act.."economic" is listed as one of the reasons to declare martial law.

Plan for the worst and hope for the best.
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Old 09-23-2008, 09:11 PM
 
16,700 posts, read 18,909,509 times
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Whats worse than depression? Try socialism... with depression, you lost money... with socialism, money is stolen by your neighbors...
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Old 09-23-2008, 09:39 PM
 
862 posts, read 771,979 times
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Quote:
Originally Posted by evilnewbie View Post
Whats worse than depression? Try socialism... with depression, you lost money... with socialism, money is stolen by your neighbors...

Try socialism ? How? There has never been a Socialist country except the
USA and thats only for the super-rich -which leaves me out.
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Old 09-24-2008, 02:00 AM
 
Location: Ohio
17,989 posts, read 13,233,625 times
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Quote:
Originally Posted by Philip T View Post
Say they do something really stupid like attack Iran after the election -- a much bigger version of the stupidity Daddy Bush did with invading Somalia after he lost the election.
In what way would that be stupid?

That actually is the game plan, and it's certainly not stupid.
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Old 09-24-2008, 02:55 AM
 
3,853 posts, read 11,420,846 times
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bailout is worse because we get inflation (gas going up, cost of living going up while your wages stay the same). Then we get another recession a couple years down the road. Remember, this recession is the direct result of interest rates going to 1% after the dot com crash. We need the depression to clear out inefficient companies like highly subsidized industries. After those industries are cleared out new and more efficient companies will start up and begin employing again.
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Old 09-24-2008, 07:07 AM
 
5,092 posts, read 9,600,213 times
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Quote:
Originally Posted by Mircea View Post
In what way would that be stupid?
It will solve no "problem" and is just a further play down the PNAC - Rapture - Apocolypse fantasy line. Iran is likely to return fire in at least one of several easily available ways, and we have no capacity to defend NYC, DC, LA . . . . on and on and on.

We gain nothing, and risk much and may lose much. Sounds pretty stupid from a business risk analysis, no?

This is drunk cowboy looking to get in a barfight thinking with absolutely no idea the folks they are fighting will just shoot US.

Quote:
That actually is the game plan, and it's certainly not stupid.
Sure. It is not hard to guess what a drunk driver will do, if you have ever followed one. Not hard to guess what these morons are thinking, either.

But it is stupid from almost any wisdom literature or historic study (which of course were not done). I follow you have good technical knowledge on money and finance, Mircea, and enjoy reading your posts. But this is a different breed of cat. Ever do any reading on Art of War?

Last edited by Philip T; 09-24-2008 at 07:17 AM..
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