BF2S Forums Red lenses

Greed + stupidity got us where we are today.

many blame the government, but we elected that very government, so anything they do is just a reflection of what the nation wants, and the nation as a whole is incredibly short sighted economically, and we always have been.

The south once fought to save a doomed economic system
Farmers once fought to implement a coinage system that would have destroyed the economy for those who don't know their history
We overcharged ourselves into a great depression
and now we tried to live in million dollar houses when we earned 25 grand a year.

As I've said before, we always choose instant gratification over long term stability, and it always blows up in our face.  I'd like to think the American people will learn from their mistakes, but i know they won't.  It's just a shame that responsible people like you an me have to sit through all the stupidity and watch our own investments plummet in value.

this has been a very long time in coming.
people have been deficit spending for years.
so now when the recession hits they dont have any savings to weather the storm and they dont have any credit either.
we havent hit bottom yet
hold on to  your hats

S.Lythberg wrote:

Greed + stupidity got us where we are today.

many blame the government, but we elected that very government, so anything they do is just a reflection of what the nation wants, and the nation as a whole is incredibly short sighted economically, and we always have been.

The south once fought to save a doomed economic system
Farmers once fought to implement a coinage system that would have destroyed the economy for those who don't know their history
We overcharged ourselves into a great depression
and now we tried to live in million dollar houses when we earned 25 grand a year.

As I've said before, we always choose instant gratification over long term stability, and it always blows up in our face.  I'd like to think the American people will learn from their mistakes, but i know they won't.  It's just a shame that responsible people like you an me have to sit through all the stupidity and watch our own investments plummet in value.

True.  American consumption has usurped all.  During past bad times our leaders would call for rations (like WW2) and a domestic focus on moderate spending and saving.  Now (circa 2001) our government pleads with us to "Spend spend spend" in dire times.  It seems like certain powers that be have this grand delusion that the might of our Armed Forces will be able to support the American public's need to consume.  We spend literally billions of dollars a week fighting dodgy wars, decrease tax revenue, and increase spending.  Then everyone wonders why the nation is in debt

I'm reminded of a quote from Donny Rumsfield after 9/11 (and I paraphrase) - "It's either we change the way they live, or we change the way we live.  We choose the former."

Last edited by KEN-JENNINGS (2009-01-12 16:02:34)

Dilbert_X wrote:

ATG wrote:

Where will it end?

Saudi Arabia and China will own your sorry butts.
Repeat after me: Allahu Ackbar
Repeat 100 times.

Seriously, interest rates are at 1% and the nation of entrpreneurs can't take that and make 2% with it?

Where are these 1% interest rates you speak of?

And I think we will be saying Ni hao before Allahu Akbar.

Last edited by KEN-JENNINGS (2009-01-12 16:12:53)

Dilbert_X wrote:

Bank base rates in the states are 1%.

Have you ever met a person that can get a bank base rate?

Banks may get that rate, but not people.

Because China has developed its economy as such an export based economy that is entirely dependent on countries buying their shit, mainly western ones. They're going to be hit just as hard if not worse than anyone else in this global downturn. I've read and heard people talking about how the situation in China is going to be quite bad, and how it already is quite bad, but their government are good at masking things like this. Just build some more massive skyscrapers and complete a few engineering megaprojects and everything will look rosy

It's pretty annoying that those links still point to red

Well, when enough people are in that situation, something will have to give.

or how about when inflation kicks in because they are printing billions of dollars with no backing but some central bankers pubic hairs?

Just as in the Great Depression 1 the feds policies will prolong the suffering by a decade.

30% unemployement, 25% interest on home loans and gold a 5k per ounce are what's in store for us.

If the bailout funds manage to save the banks it will do so having destroyed the value of the dollar, which will simply trigger a further, deeper spiral.


This is a perfect storm.

ATG wrote:

1st copy pages this link and open in a another window so you have a sound track.
http://www.youtube.com/watch?v=gFG0Ofzd3sI

http://moneycentral.msn.com/detail/stoc … Symbol=SAY
Some stocks seeing 85% drop in value for day
I mean, holy shit.
Day after day this is what it looks like.

State and cities are over budget and broke. Pensions are screwed. Social Security is broke.

Where will it end?

Many youtube gurus called this collapse well before it happened. If nerds could see it coming why couldn't the powers that be?

Or did they? If so, why are they letting it happen?

You know there is enough money in the world to give every kid on the planet a college education and end world hunger. So there is enough to sort the current crises out. Just there are more important things for our governments to spend our money on. There own astronomical wage and expenses, new ways to kill your fellow man..................etc.

And as for Internet nerds. There are enough of them ranting on the web to for-see every possible situation known to man, from the finical crises to who's playing the next bond. The majority of them are wrong all the time. Some just strike it lucky.
If they pulled themselves away from their PC and got out into the real world ppl might actually take them serious and listen to them. I often wonder if this generations Einstein or Hawking lives with his mum, eats microwave food and spends all day using there extensive intellect to coordinate a joint attack in WOW or argue with a faceless person across the Internet to a pointless end.

Drummer related rant.
Neil Pert, brilliant drummer. Too fancy and over the top to put him up there with the greats like Cobham, Rich, Caulligia, Wrek and Gadd. A great drummer accompanies the music and brings it alive. He plays all over the top and around the "pocket" (drummer term) without ever actually locking into a groove.