America's Financial Crisis

[Armanen]

Re: America's Financial Crisis

Guys, I may be having a change of heart here... I guess Sheep Boy and Sip were correct; we may be overreacting, America may be pulling thought this historic financial mess. I mean, as serious as the situation seems to be in the halls of government and in the markets, it now seems as if things are calming down a bit. More importantly, I think we need to realize that our politicians in Washington DC have the most to lose in all this. So, we are not alone. On the face of it, it seemed as if there was a great political crisis in the nation yesterday. But, in reality, was there a great crisis? As bad as things seem to be, are our political and financial elite panicking? Are they working day and night to avert what seemed to be an impending disaster? From the looks of it today, the answer is no. As a matter of fact, those in charge of politics and finance in this country just took a day off for a fucking Jewish holiday...

The system is flawed and the paradigm which supports it will bust. It is a matter of time, at best the system will be maintained for another few decades, but what then? This was just a foreshadowing of things to come. So while it may be too early to say this is the end, it isn't at all incorrect to say that this extention of the system will not solve the root problems, which are beyond that stage, but will just prelong the inevitable fall.

[jgk3]

Re: America's Financial Crisis

well, perhaps this is why they're taking their holiday... http://ca.youtube.com/watch?v=wb1ppwq_1Yg

They have the power to legislate whatever they want when Bush calls an emergency.

I'm not as gung-ho about a lot of the fear and paranoia aspect that guys like this spew (even though this one is rather mild compared to many), but I did like his explanation of this Congressional Martial Law we're hearing about these days in the news and I think it's our duty to understand the climate of things going on in Congress right now.

[Armenian]

Re: America's Financial Crisis

Guys, I may be having a change of heart here... I guess Sheep Boy and Sip were correct; we may be overreacting, America may be pulling thought this historic financial mess. I mean, as serious as the situation seems to be in the halls of government and in the markets, it now seems as if things are calming down a bit. More importantly, I think we need to realize that our politicians in Washington DC have the most to lose in all this. So, we are not alone. On the face of it, it seemed as if there was a great political crisis in the nation yesterday. But, in reality, was there a great crisis? As bad as things seem to be, are our political and financial elite panicking? Are they working day and night to avert what seemed to be an impending disaster? From the looks of it today, the answer is no. As a matter of fact, those in charge of politics and finance in this country just took a day off for a fucking Jewish holiday...

[Armanen]

Re: America's Financial Crisis

Thanks for letting us know at least.

[jgk3]

Re: America's Financial Crisis

my mother is not much of the opinionated type. She is very detached from the whole thing and the frustration of the whole situation affects the people she works for because of the incessant demands and panic of their clients. In the end it just calls for a stressful work environment and when I confront her with my questions about the market, she comes across as a type that is very accepting to the trends that are occurring because they are just so much bigger than any of us and she has no power to change the course of things.

In general though, the basic idea is that the government is continuing to set a bad precedent for the rich CEOs by using loaned money to bail them out all the time and put the entire burden on tax payer's, all the while saying "good doggy" to the public through TV because the government is "doing something about it". This is a summary of her response on the matter to my endless probing with questions to her.

At least she's encouraging of my ideas for pursuing a life of learning and exploration outside the city

[Armanen]

Re: America's Financial Crisis

sheesh... Well, something to pester my mom about tonight, she works in stock brokerage as an assistant and gets to be a 3rd party witness of the whole thing.

Nice. Would you mind asking her what her opinion is of the whole mess?

[jgk3]

Re: America's Financial Crisis

sheesh... Well, something to pester my mom about tonight, she works in stock brokerage as an assistant and gets to be a 3rd party witness of the whole thing.

[yerazhishda]

Re: America's Financial Crisis

Total damage: -778 points.

[Sip]

Re: America's Financial Crisis

It's been a great kick-in-the-balls day today on the markets as expected. Well, "great" if you enjoy being kicked in the balls.

[Azad]

Re: America's Financial Crisis

Dow -700