The Economy Is About To Get A Whole Lot Worse..... (borrow, interest)

[Grandpa Pipes]

Yes, you've heard this over and over and it's true to an extent. What bothers me is the way Congress is reacting to this event............

Tens Of Millions Of American Families Are Living On The Edge Of Desperation – And The Economy Is About To Get A Whole Lot Worse

A new law that will make you sit down.......hard.....in shock!!

Bill Text - 112th Congress (2011-2012) - THOMAS (Library of Congress)

[MaseMan]

Clearly the answer is an orgy of mass panic followed by ritual suicides.

[Currency Pair Crocodile]

Retirement is never boring

[Escort Rider]

The Economic Collapse Blog again. Tightwad, do you have any other source for the stuff you post?

[slackjaw]

can we at least wait for this other Tightwad fear mongering classic to come to fruition:


JAPAN REACTORS TO CAUSE GLOBAL CONTAMINATION !!!!


There should be a limit of 10 outstanding unfulfilled doomsday threads open at any given time for a given poster. Once any come true you are allowed to start another one, so if you pull a Tightwad and post nothing but then eventually you'll get stuck at your limit.

[sleepingWolf]

I'm supposed to be in shock over a National Defense Authorization Act? Don't they pass one of those pretty much every year?

[slackjaw]

Yes, it is how we pass the budget for the Dept of Defense, and has been enacted every year for almost half a century.

But to someone who relishes being frightened by big bad things on the internet that he doesn't comprehend and wants others to share in his irrational fears it can only be described as:

Originally Posted by Tightwad

A new law that will make you sit down.......hard.....in shock!!

[subsound]

Has any of the daily predictions of apocalyptic doom ever happened OP?

Looks to me like we are still here, after 2 years of the Waaaahmbulance.

I wonder how long it takes before people even consider the thought they might be wrong about impending doom.

I know things can be very scary when people are unable to understand them. The better thing to do is understand them, instead of be terrified every day.

[Suncc49]

Originally Posted by subsound

Has any of the daily predictions of apocalyptic doom ever happened OP?

Looks to me like we are still here, after 2 years of the Waaaahmbulance.

I wonder how long it takes before people even consider the thought they might be wrong about impending doom.

I know things can be very scary when people are unable to understand them. The better thing to do is understand them, instead of be terrified every day.

So you understand the current manipulated stock market? HFT?

You understand that the Federal Reserve has been reducing all of our purchasing power through printing/quant easing.

You understand that when you borrow money to pay for other borrowed money, at some point you reach the tipping point and cannot pay the interest due?

[Texas User]

We are not even in a Recession. Plus unemployment just went down to 8.6%.