Current economic crisis

Discussion in 'Soap Box' started by OutCaste, Mar 3, 2009.

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  1. OutCaste

    OutCaste Well-Known Member

    Do you think that things will improve or its going to lead up to some huge war or bigger crisis ?
  2. xan

    xan Chat Buddy

    Hmmm.. no idea... but I was just wondering... all this crisis mean everyone is loosing jobs, can't get paid, can't buy things so companys can't make money etc... who is it that's collecting all the money and making a huge fucking profit over fucking the rest of us over?
  3. GeekGurl

    GeekGurl Well-Known Member

  4. xan

    xan Chat Buddy

    Hmm seeing as I think I deviated from first question.. sorry :unsure: I'll go back to it... hmmm.. aren't they already saying this is a credit crisis? Doubt a war will start... that takes money :tongue: If China have it all maybe they'll start one :eek:hmy:
  5. Whitewolf

    Whitewolf Well-Known Member

    President Hussein Obama will be and has been, using the economic crisis to pass legislation and spending that the American people would otherwise not have allowed.

    If people are intelligent enough to recognize this, the logical consequence would be a revolt against the socialistic and ever invasive federal government.

    Of course though, government has forseen such circumstances and has used the public education system to quell any ideas which don't fit their Politically Correct Agenda and to instill a fear and repulsion at the idea of over-throwing and over-hauling our tyraniccal federal government; which has stepped all over the principles of federalism and the notions of balance of powers, as well as checks and balances.
  6. Aaron

    Aaron Well-Known Member

  7. OutCaste

    OutCaste Well-Known Member

    i honestly think that all the money is going into the pockets of elite.
  8. Summer.Rain

    Summer.Rain Well-Known Member

    Yes, the top worlds elite always get proffits from any situation.
    and elites are there only because capitalisem, 1 top elite can feed a damn city
    for several years with the money he have. i think in the not so far feauture
    people will start understanding the beniffits of socialisem.
  9. the fleet asleep

    the fleet asleep Well-Known Member

    we wouldnt have gotten to this point has the last administration not used faux american pride to convince millions of americans that they too could live "the american dream" though they could not afford it.

    bad loans were handed out left and right, as the legislation that prohibited these actions was severely nerfed after 9/11 as a means of pulling the economy out of the gutter then. the situation was a long time coming, but that was the tipping point.

    in any case, this is a recession, and should be treated as such. the american credit market crashed so hard that most of the modern world came with us. financial CEOs were allowed to line their pockets for years, and its coming back to bite them

    as far as war starting, i wouldnt be surprised. socialist china is quickly becoming the wealthiest nation on this planet, and in doing so, proving why democracy was never well liked by even the founding fathers of america ("Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." - benjamin franlkin)

    socialism they way china has it could never work, as its oppressive. the sad reality is that capitalism doesnt work the way the rest of us have it either. i am sued by 2 hospitals because i cannot pay for the healthcare i needed, while bank CEOs made millions in bonuses for providing sub standard service in the name of profit. capitalism at its best
  10. Aaron

    Aaron Well-Known Member

    Every cloud has a silver lining. :biggrin:
  11. Feared.Desire

    Feared.Desire Well-Known Member

    There are ups and downs of every system. Socialism has just as many (if not more) flaws. People like to look at the current problems and not focus on the potential future problems, which is exactly the kind of thinking that got u.s (<- play on words) into this situation.

    And China getting all the money?
    Not really. Money on an international level is kind of irrelevant. China could say “U.S pay me the trillions of dollars you owe me,” but they won’t.
    First off, if the U.S said no, now they’re out lots and lots of (unreal) money.

    Second, China produces a ridiculous amount of nonsense and we all know it. But do you know who one of their biggest (I think the biggest actually) buyer is? The U.S.

    So, you see, it’s kind of an endless redundant circle. The two largest world superpowers rely on each other, and they know it.
  12. Summer.Rain

    Summer.Rain Well-Known Member

    If china will ask for the money and USA will say no
    china have a full right to attack USA
    and no one will have the right to say they are evil.
    but we all know that if china will do so then:
    1. they will loose a huge buyer for thair market
    2. the press will say that china is evil all over the world
    3. most of the countrys will try and help USA even though china is right

    the bottom line is that this is how world wars start
  13. Feared.Desire

    Feared.Desire Well-Known Member

    Everyone's concern with China attacking, I think, is very misplaced. First off, even now, in their current situation the U.S still is the most powerful country in the world.
    China is strong economically, but not nearly as strong as far as military power is concerned.
    Secondly, it would be far more beneficial for China to take the U.S's place as the worlds leader rather than try and over through the U.S by force. The western world is very secure, and very powerful.
    Raging war on one, means raging war on the others.
  14. jameslyons

    jameslyons Well-Known Member

    Americans are sick of war. And China is terrified of losing the profits they've enjoyed. The majority of people in the world just want things back to normal -regardless of the flaws of capitalism.
  15. OutCaste

    OutCaste Well-Known Member

    Well one thing is for sure - the money isn't disappearing into thin air. It's definitely going somewhere and there are people who are now reaping benefits out of this crisis which they engineered.
  16. OutCaste

    OutCaste Well-Known Member

    America has already entered a new war in Pakistan and many Americans are unaware of it because it doesn't get reported much in main stream media. Check out any independent news sources or South Asian newspapers and there are reports of unmanned predator drones attacking Pakistani tribal areas on a daily basis. This has been going on for almost an year now.
    Last edited by a moderator: Mar 5, 2009
  17. Whitewolf

    Whitewolf Well-Known Member

    The American people's opinion on the Federal Government and the Obama adminstration can be summed up in one word.
    Doublethink-to tell deliberate lies while genuinely believing in them.
    They know the government is working against them but they seem to believe if they espouse just the opposite view, enough times, it will become the truth.
  18. the fleet asleep

    the fleet asleep Well-Known Member

    its not a matter of administrations, or even the government on the whole, its a matter of a society that enables its governing bodies to operate outside of public interest. we find ourselves in this situation because its the logical progression for a society that thrives on rampant consumerism, and big buisiness politics.

    at some point, big business was bound to step a bit too far in its exploitation of the average citizen. the strategies of the major american banks that were the source of this credit crisis, were ones based solely on the assumption that people would simply find a way to pay thier debts. they staked the entire credit market on this assumption, and lost the bet.

    dont think that this wont happen again either. capitalism on this scale can only collapse in on itself, its simply a matter of when. there will come a point where the distribution of wealth leans so heavily on the side of the wealthiest few, that things will self destruct. in the case of the united states, we're already seeing signs of this. on the whole, the wealthy are becoming more wealthy than theyve ever been, and the common man is stagnating. this would usually be offset by the fact that there is always new money coming into the system, but considering americas gross national profit is on the decline due to rising indian and chinese markets, we're becoming more dependant on the wealth we've already got. im sure i dont have to put 2 and 2 together here.

    simple fact is, is that the west (america especially) is collapsing economically under the weight of its uncontroled capitalism. markets like india and china are growing with exponential force, while america stagnates and fails. politics aside, the number speak for themselves. power is not measured in millitary might, its measure in economic pressence, and while china has an economic boom thats outpacing the american one that immidiately followed WW2, americas deficient economy sends the worlds credit market spiraling out of control.

    the base problem here is that you cannot have freedom and equality, its one or the other. the west has chosen unchecked economic freedom, and thusly equality is thrown to the wind. china has chosen forced equality over freedom, and while its an opressive style of governing, its working amazingly in the financial sense.
  19. wheresmysheep

    wheresmysheep Staff Alumni


    money that is made. is predefined debt. debt carries intrest, but the amount of money made does not include the intrest, so if the world pays off all this pretend made up money, the intrest of the debt will be left and therefore you can never fix this monetary system. its all a big corparate joke.

    government ask for 100, they give the fed an IOU saying they will repay with interest, fed make the 100 but ask for 110 back. but the extra 10 doesnt exsist. so therefore more money should be borrowed to pay of the 10, but money is owed on that and so on and so forth.

    this is going to be a never ending cycle. this may pass, but it will all happen again.

    people got greedy, thats why things cost money, thats why things are expensive. infaltion is from a surpluss of available money. 2ltrs of milk used to cost 90p when i was 6 now its 2.40 the product hasnt changed. the way of making it hasnt changed. its all just a big game. and it will continue untill something is done about it.
  20. wheresmysheep

    wheresmysheep Staff Alumni

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