eye-opening video

BDx13 - 2-12-2009 at 03:32 PM

http://www.dailykos.com/storyonly/2009/2/9/234340/6189/142/6...

XHonusWagnerX - 2-12-2009 at 04:05 PM

we're doomed

moron - 2-13-2009 at 12:46 PM

I can't pretend to really know what that dude is talking about other than what was happening was bad. I'm guessing he was saying that people were pulling all of their money out of banks (like what happened after the stock market crashed in 1929) and that would have left banks with no money to operate with. Financial stuff just confuses me. Who was it that pulled all of that money and why was that much money pulled all at once? Part of me wonders if it was some terrorist plot.

Lately I've been reading Marketwatch.com almost daily, and all of this shit still confuses me. Especially when one day they have articles saying "the market's bottom is here" and the next day is something gloomy saying the market is in a tail spin. I really shouldn't read that shit. I should just play video games and watch porn instead.

barc0debaby - 2-13-2009 at 12:53 PM

We all need to buy guns and lots of them.

BDx13 - 2-13-2009 at 01:21 PM

there are a couple of things that frustrate me about all of this...

- every time i think i have even an elementary grasp of some of the issues at hand, my mind gets blown away reading about some other financial concept or situation or issue. i try to be proactive and educate myself, but i need to accept the fact that i am not an economist.

- all this shit is SO theoretical, there is no reliable solution. it's not a matter of just doing a, b and c and we'll be ok, it's trial and error with trillions of dollars.

i like steve's idea of an uprising. except let's skip the gov't and just rob the rich. i could use a compound in aspen, or wherever those people live.

moron - 2-13-2009 at 01:34 PM

Maybe that's my problem too. I can't wrap my head around all of the theories either.

Wall Street 10 Dirty Tricks

I read this article yesterday, and it left me feeling little hopeless and angry. What I got from it was that these Wall Street schmucks can make or break this country's economy and the government can't really do jack about it... for several reasons. All the while they make a killing any way they can. Interestingly enough the average joe needs these schmucks so our 401k and IRA (if we even have one) makes us a few bucks so we can retire before we're 80.

BDx13 - 2-13-2009 at 01:35 PM

man, i couldn't even get past the tag line:
"How Wall Street lobbyists, PR hot shots will limit reform, brainwash America"

barc0debaby - 2-13-2009 at 01:53 PM

I was reading a book where the main thesis was pretty much corporations often create artificial economic crises in order to change political conditions, because it is easier to pass unpopular law when a country is in a state of shock. Made sense, the average joe is just worried about keeping a roof over his head right now, not with laws that they won't even know about until after they are passed and things are more financially stable.

Discipline - 2-13-2009 at 02:08 PM

The scary thing is how fragile the economy is in the U.S., because it really does affect the rest of the world. Canada's economy is closely tied in with the U.S. and if your economy tanks so will ours.

clevohardcore - 2-13-2009 at 03:14 PM

People who claim economics to be logical and simple are dead wrong. Its not easy and its not simple. I ahve read a couple books on it and had a few classes in college. Basically even the shit you learn about it economics 101 are ideas and NOT a solid system. Just like the idea that a republican will always vote against bailouts. Sure when I democratic is in office and they can hide behind a supposed idea of what they are, but when a republican is in office they are the first to take the handout.

Watch CNBC sometime and you'll notice they are only speculating and that not one individual can truely explain what is wrong and how to fix it. Its like a person watching a football game. They are calling it as it happens.

clevohardcore - 2-13-2009 at 05:48 PM

Paul Kanjorski- THat is one smart dude. Not only that he is admitting what needs to be said. BD thanks for posting this. Also I'd like ot add I don't know shit about what is going on either and my earlier post had the tone that I had answers or whatever. I aint shit, but you have ot admit that NO ONE really knows what to do and we are teetering on the brink of something very scary. If not, already falling.

Siczine.com - 2-13-2009 at 06:40 PM

Quote:

Originally posted by clevohardcore
People who claim economics to be logical and simple are dead wrong. Its not easy and its not simple. I ahve read a couple books on it and had a few classes in college. Basically even the shit you learn about it economics 101 are ideas and NOT a solid system. Just like the idea that a republican will always vote against bailouts. Sure when I democratic is in office and they can hide behind a supposed idea of what they are, but when a republican is in office they are the first to take the handout.

Watch CNBC sometime and you'll notice they are only speculating and that not one individual can truely explain what is wrong and how to fix it. Its like a person watching a football game. They are calling it as it happens.

Sorry for being a spelling nazi but it is truly, not truely.

And yeah man you are right on the money in terms of economics being abstract and complex. I myself have taken a couple of classes and I sit there wondering what the fuck did I really learn, even though I did well enough to get an A? Not a damn fucking thing!

I am far from a rep and a fringe Dem but I think the bailout is a bunch of shit. I am for a bailout that does not give money to these failed financial institutions but as we know, they are the ones that stand to profit the most. And things will continue as they have, the rich stay rich and the poor get poorer.