Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The West’s governments are going to default, one way or another. Politicians cannot bring themselves to stop spending money the governments do not have.
The deficits of the major Western governments are now so great as to be irreversible. The governments must now borrow money to be used to pay interest on money already borrowed. In the housing market, this is called a backward-walking mortgage. It invariably spells default. The subprime mortgages were mostly of this type.
The so-called poor have become too lazy to even know how to work for a living. The day the government handouts are cut in any way, all they'll know is how to loot and burn. The problem with giving perfectly able-bodied types welfare is that. They'll be perfectly able bodied when the food stamp card isn't filled the way they like it.
its not over ,, keep your head up. At the end of the day we are not the only market who have made several stupid mistakes in the last two decades.
no on belived the dot com bubble burst, some believe its still a "growing time" in the US.
time to get back to the basics and do some serious house cleaning. Time to make some really hard judgment calls as well, some if not many will suffer and I may be one of them. For the life of me i can not connect the dots to figure out why i am ok with suffering through the coming hard times in order to get this GDP under control. I just know that I had very little to do with it but will have to pay for it.
things WILL get better but we have focus on job creation.
SO..............SUPPORT COAL MINERS,,,,,,,,,,,,,,,,,BUY AN ELECTRIC CAR!
The West’s governments are going to default, one way or another. Politicians cannot bring themselves to stop spending money the governments do not have.
The deficits of the major Western governments are now so great as to be irreversible. The governments must now borrow money to be used to pay interest on money already borrowed. In the housing market, this is called a backward-walking mortgage. It invariably spells default. The subprime mortgages were mostly of this type.
I am pretty much ready, I just hope the sheep dont want me to feed them. those that dont prepare for emergencies , should get nothing at all.
Even after the Greek vote the pain has not let up as you look at Spain's bonds climbing.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
