The economy - Page 2

SUBMAN1 · 02-26-09, 08:23 PM

Quote:

Originally Posted by joegrundman

But Subman, if as a result the Snake Oil vendors are also in financial crap, then it was stupid of them too.

And it was stupid of international banks to make the mistake of thinking that American triple A rated debt (marked with a label saying "you can't lose, i promise" was trustworthy, without stopping to consider it might be a scam.

In short the stupidity lies not with whichever group best suits your political prejudices, but with who at the end of it is in the crap, when there were things they could have done to stop it if they hadn't been so dazzled by the prospect of vast riches.

Wrong! In the end, it is the consumer that controls the market. Everything hinges around them. They, as in one single body, make up more than the majority alone and everything revolves around them. The banks - rely on the consumer. The snake oil vendors, rely on the consumer. The international banks - same story.

Spin it any way you like, but what I say above is the truth and there is no other way to really spin it.

-S

AVGWarhawk · 02-26-09, 08:29 PM

Quote:

Originally Posted by Sea Demon

Quote:

Originally Posted by SteamWake

I look at it this way...

Wife to Husband "Honey, were going broke, theres almost nothing left in savings and were not putting any more in. Maybe we should get a second job".

Husband to Wife "No.. no lets just spend more money. The money we spend should bring in more income"

Now here is an interesting opinion piece points out Obama's 'fear factor'

http://thehill.com/dick-morris/its-o...009-02-24.html

Yep. Also don't forget ......"let's also tell the credit card companies that our charges now, will be picked up by the kids and grandkids later".

Speaking of credit cards and that BS. My coworker got his credit card bill and the interest rate was higher than last months. He called and they stated it was raised for all card holders in hopes that they pay off their cards completely or faster than what they were doing month to month. WTH????? Talk about BS.

joegrundman · 02-26-09, 08:29 PM

Subman...forget it.

SteamWake · 02-26-09, 10:34 PM

Quote:

Originally Posted by SUBMAN1

I don't care what anybody says,

I think that pretty much sums it up.

Zachstar · 02-26-09, 10:35 PM

I almost have to agree with forget it. Yet another time where Subman takes the side of the big for no reason.

MOST have been coming around to the idea that WE are half the blame for this crap. But when you tout the not even republican party line that the Banks are not part of this... Fail.. Just Failure...

Subman get your head out of the rear. The last thing we need is further division in this country. You and the others keep that crap up and we will have a full on class war. Nobody spending anything for anger at the "arrogant banks"

The idea is to get people to accept that the thousands of dollars they saved for a rainy day will make the sun shine sooner if they get it flowing correctly back into the economy.

Rockstar · 02-27-09, 08:33 AM

oops

August · 02-27-09, 08:55 AM

One thing is for certain: there is no stopping them; the Canadians will soon be here.

And I for one welcome our new Mexican overlords. I'd like to remind them that as a trusted TV personality, I can be helpful in rounding up others to toil in their underground sugar caves."

02-26-09, 08:29 PM	#18
joegrundman Ocean Warrior Join Date: May 2007 Posts: 2,689 Downloads: 34 Uploads: 0	Subman...forget it. __________________ "Enemy submarines are to be called U-Boats. The term submarine is to be reserved for Allied under water vessels. U-Boats are those dastardly villains who sink our ships, while submarines are those gallant and noble craft which sink theirs." Winston Churchill

02-26-09, 10:35 PM	#20
Zachstar Sea Lord Join Date: Feb 2005 Location: Shreveport, Louisiana Posts: 1,956 Downloads: 13 Uploads: 0	I almost have to agree with forget it. Yet another time where Subman takes the side of the big for no reason. MOST have been coming around to the idea that WE are half the blame for this crap. But when you tout the not even republican party line that the Banks are not part of this... Fail.. Just Failure... Subman get your head out of the rear. The last thing we need is further division in this country. You and the others keep that crap up and we will have a full on class war. Nobody spending anything for anger at the "arrogant banks" The idea is to get people to accept that the thousands of dollars they saved for a rainy day will make the sun shine sooner if they get it flowing correctly back into the economy. __________________

02-27-09, 08:33 AM	#21
Rockstar In the Brig Join Date: Nov 2002 Location: Zendia Bar & Grill Posts: 12,614 Downloads: 10 Uploads: 0	oops Last edited by Rockstar; 02-27-09 at 08:50 AM.

02-27-09, 08:55 AM	#22
August Wayfaring Stranger Join Date: Apr 2005 Location: Massachusetts Posts: 23,197 Downloads: 0 Uploads: 0	One thing is for certain: there is no stopping them; the Canadians will soon be here. And I for one welcome our new Mexican overlords. I'd like to remind them that as a trusted TV personality, I can be helpful in rounding up others to toil in their underground sugar caves." __________________ Flanked by life and the funeral pyre. Putting on a show for you to see.