Bailout fails

yeah but it's getting worse

 

that is a fact..starving can do weird things to people mentally..

 

I agree it is scary but only scary when you look at it from some directions. Other ways, it will cause people to become more community based again....

I get scared as crap sometimes....just prepare. thats all you can do. thats what we've been doing for a while and pray if you do that.

 

Where??

It's bad either way, but an inflationary depression would be a lot worse when it does happen months or years from now.

 

you aint seen NOTHIN yet...

 

A recession? No. A global depression.

 

Maybe not according to what the government says when they lie about inflation rates, but when so many people are out of work and cannot afford basic amenities, I would say that is a recession at the very least.

 

If thats how you gauge recession then this country has been in a state of recession since it's inception.

And besides, How can you say recession, at the very least? I would say at most.

 

What most people fail to realize is all this panic is being created by the powerful people.

They want people to panic.

Within a few days or weeks congress will sell everyone on a bill of goods that will be equally or more stupid as the current plan.

Markets all around the world will soar when it happens. Even though the end result is more money being printed and further diminishing the buying power of the Dollar. That will bite us in the ass a little later.

So the markets will tumble for a bit. Meanwhile the powerful will buy stocks at a good price. Then after the bullshit congress comes up with takes affect the market will rise dramatically.

Then the powerful will sell their stocks before the true consequences of whatever plan are seen.

It is the Wall Street waltz. It has been going on for years.

But congress will fuck up whatever plan they come up with. But they are not the ones pulling the strings.

 

excellent post UA

Therefore don't freak out. Its just a game......


Let's tango!!!!!!!!!!!

 

All the bailout would do is create inflation which =s more expensive necessities which =s more money for the rich and less money for the average person.

They would of just distributed the $700 billion thought the finical intuitions, fuck them..

It is not the end of the world we will just have less economy, less fast cars, plastic surgery, custom homes.

When things settle back down to a real market value a $200,000 home will probably go for $120,000 which will suck for owners but our kids will be able to own a home without working 60 hours a week or taking out 2nd mortgages and losing.

The inflated bubble has to deflate. Like UA was saying they want you to panic, panic generates money, consumer frenzies, pass any bill that will help, ect.

 

Bingo!!!
Very well put Zihger. which part of Colorado you from?

 

The land of Boulder.

 

Oh holy shit. I'm in Fort Collins.
You a hippy?

 

Ft Collins right up the rd, I framed homes one summer there and camped out in the Larmer Co parks.

Fuck yeah I’m a hippie

 

Tango!

Love me some dancing.

 

Let me go get my heels. I'm a bit short other wise

 

Time to invest in...homeless shelters and food pantries? I'm assuming the dividends on that would be just fantastic.

 

I really don't know how to handle it

 

What is to handle?

Are you invested in the Market?

Is your only income from a 401k?

Do you work in the Financial services industry?

Are you a Real Estate Sales person?

Are you one of the approximately 5% of people who are defaulting on a house payment and about to have their house go into foreclosure?

Are you a business owner who regularly needs credit?

If you are in any of the above categories, yes change is coming. Best get used to change.

This is not the disaster that everyone and the media is telling you.

Yes I have left out a good deal of people and situations.

But for normal people it just means you need to spend less than you earn and not get into debt.

Not even close to the end of the world.