The next and greatest Depression ever.

Alterations to the market might not have helped, but even without them there are going to be bust/booms, with the amount of available credit increasing they are going to get worse unless banks regulate themselves, but they don't, they seem to go bust.
 
Surely de-regulatory moves such as the Commodity Futures Modernization Act of 2000 paved the way for the smoke and mirrors performance we see that will surely lead us all to the brink.
 
Some interesting conspiracy theories here!

I simply see it as it being a cycle! We're simply approaching bottom end of it. This being made worse by certain idiots in the States arranging mortgages for 84 year olds with altzeimers and being found out and seemingly the Institutions behind this knew all along.... And as for the idiots that buying this sub prime stuff don't get me started!

What has amazed me is the sheer scale of the sums involved (and the names of the institutions involved) and the fact that we (we being various governments) insist on pumping large sums of monies and wondering why it's not doing any good. Oh we'll pump more money in.

Next week will be interesting as quite a few US Banks announce their 3 rd quarter results!

Reckon the US STock market will fall fairly sharply in about 10 or so minutes too as there's generally a big last trade around the 3 PM time.

All I'd say is get rid of your debt if possible and spend wisely!
 
Cob said:
That sounds like a conspiracy...
Click to expand...

Not really, just a lack of willing to accept that regulation and legislation has had unintended consequences. People want to believe that the government can fix things, and they are quite happy to foster this belief. Part of doing that means not taking responsibility for any of the problems...
 
I feel this little story encapsulates the attitude prevailing in the financial world:

Young Chuck moved to Texas and bought a Donkey
from a farmer for $100. The farmer agreed to deliver the Donkey the next
day.

The next day he drove up and said, 'Sorry son, but I have some bad News,
the donkey died.' Chuck replied, 'Well, then just give me my money
back.' The farmer said, 'Can't do that. I went and spent it already.'
Chuck said, 'Ok, then, just bring me the dead donkey.' The farmer
asked, 'What ya gonna do with him? Chuck said, 'I'm going to raffle him
off.' The farmer said You can't raffle off a dead donkey!' Chuck said,
'Sure I can Watch me. I just won't tell anybody he's dead.' A month
later, the farmer met up with Chuck and asked, 'What happened with that
dead donkey?' Chuck said, 'I raffled him off. I sold 500 tickets at
two dollars a piece and made a profit of $998.' The farmer said,
'Didn't anyone complain?' Chuck said, 'Just the guy who won. So I gave
him his two dollars back.' Chuck now works for the Goldman Sachs.
 
monkentage said:
It's a conspiracy. PROOF:

ytr7ir4.jpg


The world's -56,485 = The Jew's +30

Damn them.
Click to expand...

I always knew they were up to something....
 
Monkey Puzzle said:
I wondered how long it would take until we got a thread like this. I think it just sounds like a load of quotes from Zeitgeist, with no real proof.
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So, what "proof" would you accept?

If the quotes are genuine (it seems that they are) then I can't see why you would just dismiss them.
 
teaboy5 said:
Forget it is peakoil at all. Did you how nuts some of them are?
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I'm not quite sure how linking to posts in a forum that is all about scaremongering can be considered as a fair selection of view points. Their view-points are no more wacko that those who immedately discount theories without doing any research of their own.
 
You see this is what crazy people read.

Here for a laugh take a read at these threads, you are just as bad.]
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How about countering the points raised ?

I found the video really interesting, if there's flaws in the points raised by it, I'd like to hear them.
 
The Great Depression was caused by a surge of massive trade tariffs in the wake of a falling stock market.

We are headed for a deep recession - not a depression.
 
The next generation of dale gribbles here? (or rusty shackleford...)

Yeah iv spent my money on lots of king of the hill, but anyway theres nothing we can do about this problem just yet so untill then all move over here to belfast and vote me in as an mp. Ill whip this country back into shape!
 
Evangelion said:
The Great Depression was caused by a surge of massive trade tariffs in the wake of a falling stock market.

We are headed for a deep recession - not a depression.
Click to expand...

Plentiful money supply=roaring twenties with loads of borrowing.
Restricted money supply=recession/depression with loads of repossessions.

Between 1929 and 1933 the money supply was cut by 23%.
 
it certainly is getting a bit hairy!
if we had a truly free market where the value of all assets and financial instruments was open and known to everybody then this would never have had happened - can you really blame bakers for taking advantage of the system if they could get bonuses of hundreds of millions of dollars - of course not, its human nature.
i don't know how its going to end but we will be paying for this mess for years whatever happens - as always its the general public that will pay for it (unless there actually is a revolution!)
 
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