Ermmmm no idea, the link works for me, Do you have MM access?
The next and greatest Depression ever.
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Ermmmm no idea, the link works for me, Do you have MM access?
Soldato
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It's a conspiracy. PROOF:
The world's -56,485 = The Jew's +30
Damn them.
That might genuinely be because the local population have a stronger culture of saving than us, the banks have money over there.
A lot of Asian banks have a similar advantage.
Soldato
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Okay, so when you say 'us' you mean the rest of the world? right?
Just the countries where debt is the norm to the extent it is here. Right up to the point that national debt counters run out of digits.
It's not everyday you see the stock market figures in every developed country glowing a bright red colour.
while the vid give some info on the current banking system, it did gloss of some points. and currently there is no banking system that does not have flaws. it may not be perfect but then what is
as for this being a recession or a depression, while on paper we not even "official" a recession
ive gone thu the recession of the 70's/80's and the 90's and somehow this feels different, i can't just put my finger on what it is but i can't help but feel this is going to get a lot worst
as for this being a recession or a depression, while on paper we not even "official" a recession
ive gone thu the recession of the 70's/80's and the 90's and somehow this feels different, i can't just put my finger on what it is but i can't help but feel this is going to get a lot worst
You should get a job as a Labour spindoctor.
We are still in a recession. Two consecutive quarters of negligible growth is sufficient to meet the definition.
Showing your age mate
Not lived one in my working life but also feel that this could be the first
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Fanny Mae and Freddie Mac went down because they were giving loans out to people based soley on whether or not they had an income or not, regardless of how much it was and other previous credit problems. So, not surprisingly, when all those people werent able to pay forclosures went up.
It boils down to greed in the big dogs and bad business practices.
It scres me that people really believe that there is a world power pulling the strings.
It boils down to greed in the big dogs and bad business practices.
It scres me that people really believe that there is a world power pulling the strings.
You would have to wait till January, to find that out.
Why?
They were only fulfilling the role for which the US government created them for, to expand the availability of credit within the system.
In a true free market, they'd never have existed in the first place.
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There is a difference between making money available and handing it out without consideration.
As that's when you will find out, if we have had two consecutive negative quarterly growths.
Man of Honour
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Obviously it's all a conspiracy. Let's blame the bankers, not the people who lied about their income so they could afford a nice house and still get Sky. It's easy to blame the corporations, isn't it...
It's true that fractional reserve is perhaps a scary system but it depends on the fact that so few understand it, because it relies on human nature which is largely to save rather than spend! (They thought/hoped)
It's true that fractional reserve is perhaps a scary system but it depends on the fact that so few understand it, because it relies on human nature which is largely to save rather than spend! (They thought/hoped)
On a side note this is an excellent time to make money, lots of cheap forclosure houses, low interest rates and lots of renters. WIN.WIN.WIN
still a gamble of things are going to get a lot worse...
people didn't have to lie