Massive Economics Thread

[-Z-]

As we can see.. the free market liaison faire Capitalism Is at its last leg.

No longer can Amerika use its coercive diplomacy to persuade the rest of the world that Neo-Capitalism is the way to go.

As time passes and markets adjust, major changes will develop, and a new balance between socialism and capitalism will slowly emerge as the clear form of economic equality.

Finally the tides have changed, no longer is America the most powerful country on the planet.


Z

[Will]

Even if the US did lose it's superpower status over this, having China as the next one isn't all that attractive.

[Mr President]

As we can see.. the free market liaison faire Capitalism Is at its last leg.

No longer can Amerika use its coercive diplomacy to persuade the rest of the world that Neo-Capitalism is the way to go.

As time passes and markets adjust, major changes will develop, and a new balance between socialism and capitalism will slowly emerge as the clear form of economic equality.

Finally the tides have changed, no longer is America the most powerful country on the planet.


Z

Everyday you have some sort of message to slam the USA.. Must be a full time job carrying around all this hate.. Might want to see a shrink

What we are seeing now will pass. it always does. Sometimes the tree grows so fast the roots can't catch up.

And it is no secret that the US will end up losing it's economic power status. I mean really how can it keep up when our population is so small compared to China.. But like Will said, i'm not looking forward to China being a economic super power.. Perhaps if China would help the traade deficit some other nations might have a chance to grow too.. Including yours! But that's another story.

Will the US go through some hard times? Yes. Is it good for us? Yes. Sometimes we get so use to having it so good, we forget how delicate the balance really is. Perhaps now people will start waking up and paying attention to who we elect into office and start holding them accountable.

But the US will always be the worlds military Super Power. So it's not like we are just packing up our bags and burning the tee pees and moving to another country.. The US will come through this just fine and infact i think we will end up stronger then before..

But you keep on ranting and raving and hating us while you go to sleep under the blanket of freedom and protection we give you.. No thank you needed, that's ok..

You want to complain and debate issues about our leaders, fine i am more then happy to have them here. But your constant bashing of my country is pissing me off. Not all American are bad and evil and when you keep saying things about our empire crashing bla bla bla, your talking about my home. My way of life. My kids future and my kids security. So i don't take to kindly to your comments. Perhaps you can step outside your own pot smoked filled box long enough to understand that there are other people who are involved in this situation. Some who are young and have no control over what is going on. So maybe you could atleast act like you care a little and show some respect for the trials that some people are going through.

good day!

[Will]

I really don't see what the US has protected Canada from, Pres. Even if the US vanished tomorrow, the only two countries that could realistically invade Canada are China and Russia. Since invading Canada would draw a hostile response from the Commonwealth and the EU, it wouldn't be worth the trouble.

[SmarT]

socialism is an evil and has never worked and will never work. Capitalism fails when you try to shove socialism down its throat. Capitalism gives every man and woman the chance to make what ever they want out of life. if you decided to not give a **** and have a ****ty life, then so be it.

[Will]

European style socialism, as long as it isn't abused, is a vastly superior system to the laissez faire, screw the poor system of the US. Poverty is rarely self inflicted.

[-Z-]

Washington Mutual (or WaMu; NYSE: WM) was the United States' largest savings and loan association.



On September 25, 2008, The Federal Deposit Insurance Corporation announced that it is seizing WaMu and will sell most of its assets to JPMorgan Chase.


This is (again) the Biggest bank failure in the history of the WORLD.


Stop wasting money in Iraq!

(and do not be so retarded as to question what Iraq has to do with US finance this time, please)


Z

[Will]

You could put this in the other thread.

[Tnova]

Instead of finger pointing at politicians/parties of past actions. I'm for real solutions, and to find a solution you got to find where the problem started. I've been doing an a lot of reading on the subject in order for my feeble mind to try and understand where it all started. Now I've had my personal opinion on where it started, but Dogmas statement made me go back and really look, to see what changed.

I found one thing in particular that I felt like really re enforced my opinion on the problem. Back when i was a little more clueless, and working 80-90 hours a week, in 1999 a bill was passed that reversed a bill passed by Franklin Roosevelt. The Glass-Stegle act main purpose was to keep Investment Banks from becoming Banking Institutions. One part of the deregulation was the Gramm-Leach-Biely act which basically allowed Investment banks to become banking institutions with hardly any oversight. This allowed them to slice and dice investments, make instruments such as mortgage backed securities, derivatives, and all other kind of creative packages that remove the risk from the loaning companies.

Until we start regulating companies like these, there is plenty more pain in the system. These companies have a bonus atmosphere that will always make them strive for risk.I'm not real optimistic going forward.

[Disorder]

Yes, could we designate a portion of the forums to Z and his bashing of America?