The financial meltdown is here - now.

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B

Bill

Give them enough rope and they will hang themselves...

Seems like they did just that! (Bush and company...)
 
J

John R. Carroll

Bill said:
Give them enough rope and they will hang themselves...

Seems like they did just that! (Bush and company...)


Not really.
What they have done is hang all of us and our decendants.
Bushco will all be just fine and they know it.
 
G

Gunner Asch

Not really.
What they have done is hang all of us and our decendants.
Bushco will all be just fine and they know it.

I guess you are right John. So I wont vote for him again.

Gunner



"Pax Americana is a philosophy. Hardly an empire.
Making sure other people play nice and dont kill each other (and us)
off in job lots is hardly empire building, particularly when you give
them self determination under "play nice" rules.

Think of it as having your older brother knock the shit out of you
for torturing the cat." Gunner
 
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J

John R. Carroll

Mike said:
Yeah - vote for change - vote for McCain. Yeah, that'll work!
We all live under the same sky, but we don't all have the same horizon.
Adenauer, Konrad
 
G

Gunner Asch

Yeah - vote for change - vote for McCain. Yeah, that'll work!
I take it you are going to vote for a Socialist thugette, or a Racist
antisemtic Marxist?


**** yes..that will help indeed.

Gunner



"Pax Americana is a philosophy. Hardly an empire.
Making sure other people play nice and dont kill each other (and us)
off in job lots is hardly empire building, particularly when you give
them self determination under "play nice" rules.

Think of it as having your older brother knock the shit out of you
for torturing the cat." Gunner
 
J

John R. Carroll

Gunner said:
I take it you are going to vote for a Socialist thugette, or a Racist
antisemtic Marxist?
I thought you said Bush couldn't run again?
 
G

Gunner Asch

I thought you said Bush couldn't run again?

He cant. You missed Civics 101?

Gunner



"Pax Americana is a philosophy. Hardly an empire.
Making sure other people play nice and dont kill each other (and us)
off in job lots is hardly empire building, particularly when you give
them self determination under "play nice" rules.

Think of it as having your older brother knock the shit out of you
for torturing the cat." Gunner
 
K

knews4u2chew

Daryl Bradford Smith's French Connectionhttp://iamthewitness.com

The financial meltdown is here - now.http://iamthewitness.com/audio/Daryl.Bradford.Smith/TFC.2008.03.14.Fr...

Audio file (3,7 MB)
http://depression2.tv/d2/node/42

Welcome to the Future
Sun, 03/16/2008 - 22:50 -- manystrom
by Michael Nystrom
March 16, 2008

Last Friday we got a taste of what the future is likely to be like as
we make our way further into the belly of the second great depression.
The Fed rushed to bail out a venerable Wall Street institution, which
was rumored to be insolvent. Sunday evening, that rumor was confirmed
to be true, as Bear Stearns agreed to sell itself to JP Morgan for a
paltry $2 per share. Two dollars! This for a firm that was trading at
$170 just over a year ago, and was as high as $54 just Friday! If Bear
Stearns is only worth $2 per share, how can we possibly say with any
confidence what other "investment banks" are worth?

Bear Stearns

While this bankruptcy comes as a shock to nearly everyone, it should
be a surprise to no one. The global financial system has been
teetering on a precipice for years if not decades, pumped up by
unsustainable amounts of debt at every level of the economy, and is
primed for a crash. That the crash has been postponed countless times
by even easier money lent to yet poorer credit risks has served only
to instill a false sense of confidence in markets and to magnify the
impending calamity that seems finally to be at hand. Warnings that
have been sounded on websites such as this one appear finally to be
coming true, as confirmed by none-other than the venerable Wall Street
Journal in a front page article titled, "Debt Reckoning: US Receives a
Margin Call."

The US is at the receiving end of a massive margin call: Across
the economy, wary lenders are demanding that borrowers put up more
collateral or sell assets to reduce debts.

The unfolding financial crisis - one that began with bad bets on
securities backed by subprime mortgages, then sparked a tightening of
credit between big banks - appears to be broadening further. For
years, the US economy has been borrowing from cash rich lenders from
Asia to the Middle East. American firms and household have enjoyed
readily available credit at easy terms, even for risky bets. No
longer.

Did you ever think news like that would ever make it off the internet
and into the pages of the Wall Street J? Even I was beginning to have
my doubts. But the news is seeping even further into the mainstream.
This week's Time Magazine has an article titled "10 Ideas that are
Changing the World." Idea #8 is "The New Austerity:"

Americans simply don't have enough money to pay back the mortgage
and credit-card debt they've run up. That reality is forcing banks to
retrench as loans gone bad shrink their capital bases and falling
house prices shrink the collateral that homeowners can borrow against.
And it will presumably force chastened consumers to change their ways
as well.

Americans simply don't have enough money... What does it mean?

<snip>
 
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S

Svenne

Americans simply don't have enough money... What does it mean?
It means the USA is fubar.

I don't mind that one bit. It would be nice for the USA to go down the
toilet, no country deserves it more.

What worries me is if they drag Europe with them. I hope not.

The Euro should immediatly replace worthless US dollars as the
international oil exchange currency and hopefully Europe should remain
untouched by the American catastrophe. Europe might even prosper. If
it was at American expense it would be even nicer. It would be a real
treat watching poverty stricken Yanks shuffling around with
outstretched hands asking "buddy, can you spare a dime?"

Svenne
 
A

AllEmailDeletedImmediately

Svenne said:
It means the USA is fubar.

I don't mind that one bit. It would be nice for the USA to go down the
toilet, no country deserves it more.

What worries me is if they drag Europe with them. I hope not.
global economy; i'm hearing that europe will go as well.
 
J

John of Aix

AllEmailDeletedImmediately said:
global economy; i'm hearing that europe will go as well.
It'll suffer some effects of course, the world banking system is pretty
interlinked, but in the Euro zone borrowing is kept on a tight leash and
most trade is inter-European. If anyone suffers this side of the
Atlantic it will be the UK, far too tied up with the USA and without the
support for the currency that the Euro gives to its members.
 
R

Rod Speed

John of Aix said:
AllEmailDeletedImmediately wrote
Wrong, as always.

Nothing much, you watch.
Taint gunna happen.

Jealousy is one hell of a curse, eh ?

Only from the mindless hysterics.
It'll suffer some effects of course, the world banking system is pretty interlinked,
Yep, look at Northern Rock some time.
but in the Euro zone borrowing is kept on a tight leash and most trade is inter-European.
Have fun explaining what happened to Societe Generale.
If anyone suffers this side of the Atlantic it will be the UK,
Have fun explaining what happened to Societe Generale.
far too tied up with the USA and without the support for the currency that the Euro gives to its members.
There's a hell of a lot more involved than the currency.
 
G

Gunner Asch

It means the USA is fubar.

I don't mind that one bit. It would be nice for the USA to go down the
toilet, no country deserves it more.

What worries me is if they drag Europe with them. I hope not.

The Euro should immediatly replace worthless US dollars as the
international oil exchange currency and hopefully Europe should remain
untouched by the American catastrophe. Europe might even prosper. If
it was at American expense it would be even nicer. It would be a real
treat watching poverty stricken Yanks shuffling around with
outstretched hands asking "buddy, can you spare a dime?"

Svenne

"when the United States gets the sniffles, the rest of the world gets
a cold"

If we go down the drain, yall will be swirlling around the bowl for a
second or two longer..then down you go too.

Say.,,,,got any more Continent wide bloodbaths scheduled for the near
future? I suspect we will sit the next one out and let you take care
of it on your own.

"The burnoff will be glorious"


Gunner



"Pax Americana is a philosophy. Hardly an empire.
Making sure other people play nice and dont kill each other (and us)
off in job lots is hardly empire building, particularly when you give
them self determination under "play nice" rules.

Think of it as having your older brother knock the shit out of you
for torturing the cat." Gunner
 
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T

Too_Many_Tools

global economy; i'm hearing that europe will go as well.
Yep...if the US goes down, Europe comes along for the ride.

Don't kid yourself...you are in the crosshairs just like the rest of
us.

TMT
 
R

Rod Speed

Yep...if the US goes down, Europe comes along for the ride.
Not necessarily, russia didnt with the great depression.
Don't kid yourself...you are in the crosshairs just like the rest of us.
There are no crosshairs.
 
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