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Old 07-27-2008, 08:39 AM
 
Location: America
6,987 posts, read 15,766,746 times
Reputation: 2073

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Quote:
Originally Posted by evilnewbie View Post
Sorry, but that's never going to happen in my lifetime... too much money is at stake for the government to do that... unless they cut the size of government, which I don't think a lot of people would go for... because "free" money is involved...
They don't have a choice. Our economy was not debt based before the birth of the F.I.R.E. economy. You can not have a debt based economy when investors no longer are willing to invest in that system. We shall see what happens.
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Old 07-27-2008, 09:12 AM
 
19,099 posts, read 20,668,871 times
Reputation: 8384
Thats true but the greedy government will never let that happen, they rely on people getting into debt to make money... they would rather destroy the country then ruin their money train... we may not have a choice about it but it doesn't mean they are going to make the right choices, even now they are making incredibly dumb and wrong choices... they will protect their money train until everyone is out on the street and begging for money...
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Old 07-27-2008, 12:42 PM
 
Location: Great State of Texas
86,068 posts, read 74,761,325 times
Reputation: 27602
They don't seem to be thinking beyond tomorrow or next Q's profits.
What about in 5-10-15 years. What is the long term strategy to fix this.

We're in a vicious circle here..tighten regulations and then lax them and then tighten again when it blows up in your face. Well those regulations were put in place to begin with because of a reason which many in our government seem to forget.

It's all about the money.
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Old 07-27-2008, 01:16 PM
 
3,460 posts, read 5,072,134 times
Reputation: 6677
Quote:
Originally Posted by HappyTexan View Post
They don't seem to be thinking beyond tomorrow or next Q's profits.
What about in 5-10-15 years. What is the long term strategy to fix this.
Of course they aren't thinking about the next quarter or year or decade, and we're to blame. The average American investing in a 401K is more interested in the numbers on their statement than sustainability, and the w****s that run the companies give us exactly what we want.

If you want to encourage sustainability, then it is up to you to vote that way with your pocketbook.
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Old 07-27-2008, 01:18 PM
 
Location: Ca2Mo2Ga2Va!
2,735 posts, read 6,080,387 times
Reputation: 1795
I refuse to watch or read anything about how our economy is crashing. Wake me up when there is some good news!
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Old 07-27-2008, 06:35 PM
 
Location: Ohio
21,311 posts, read 15,089,573 times
Reputation: 17742
Quote:
Originally Posted by breeze823 View Post
I refuse to watch or read anything about how our economy is crashing. Wake me up when there is some good news!
Who are you Rip Van Winkle-Breeze823 or something?

Everyone can stick their heads in the sand, but the problems won't go away. Everyone willingly helped create the current problems, and now that it's time to fix them, everyone wants to point fingers and lay blame elsewhere, then hope the problems get fixed while trying to pretend they don't exist.

The "American Fantasy" is over. Regardless of the path taken, the end result will be the same. The only difference between the paths taken is the pain suffered, as all of them will painful to some degree. Right now, everyone still has at least some control over which path taken, but as time drags on, options become extremely limited until a point is reached when everyone will be forced down a path they don't want to be on.
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Old 07-28-2008, 01:05 AM
 
Location: sd,ca
101 posts, read 301,882 times
Reputation: 38
Quote:
Originally Posted by breeze823 View Post
I refuse to watch or read anything about how our economy is crashing. Wake me up when there is some good news!
No! You will hear every word of bad news even if you think it kills you!
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