Recap of US Debt crisis Friday: Where we are now

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Expand view Topic review: Recap of US Debt crisis Friday: Where we are now

Re: Recap of US Debt crisis Friday: Where we are now

Post by Theoracle » Wed Aug 03, 2011 2:53 am

keniwaki wrote:
keniwaki wrote:Revolt against ur system!

Revolt to the Wall Street sucking your pension down.
Stock market is no longer the market, it's a casino for greed filled freaks to make quick bucks! Goldman is purchasing industrial metals and storing them reducing the out put to raise the price! They are not your friend, and they are controlling your government .
Obama, who promised to clean it up, kept all of them ex-Goldman around hoping none of you will notice!
By allowing the debt ceiling to rise, banks have another chance to receive bailout, before the final crash of the market! :yell:
Look at the Great depression and what is happening now. Market is moving in similar manner. Get your pension out of the market, get your government to balance budget.
Restore central bank! Federal Reserve is a private bank that charges interests on the money your government print!
:shooting:


I got to agree The financial system can not be sustained for much longer .
something has to be done .
This generation should be ashamed to burden the next with our greed .Shame on us

Re: Recap of US Debt crisis Friday: Where we are now

Post by Keniwaki » Wed Aug 03, 2011 1:19 am

rydher wrote:
keniwaki wrote:Revolt against ur system!


Easy for people to say but revolt to what?


You scream revolt. I scream restore. :D


Revolt to the Wall Street sucking your pension down.
Stock market is no longer the market, it's a casino for greed filled freaks to make quick bucks! Goldman is purchasing industrial metals and storing them reducing the out put to raise the price! They are not your friend, and they are controlling your government .
Obama, who promised to clean it up, kept all of them ex-Goldman around hoping none of you will notice!
By allowing the debt ceiling to rise, banks have another chance to receive bailout, before the final crash of the market! :yell:
Look at the Great depression and what is happening now. Market is moving in similar manner. Get your pension out of the market, get your government to balance budget.
Restore central bank! Federal Reserve is a private bank that charges interests on the money your government print!
:shooting:

Re: Recap of US Debt crisis Friday: Where we are now

Post by Shaggietrip » Wed Aug 03, 2011 12:25 am

keniwaki wrote:Puppet of the Wall Street, Obama used same tactic as Bush. Fear!
So they agree to borrow more money and promise to reduce debt in next 10 years....
Guess what guys? Your debt filled country is keeping AAA rating. How can a country running out of funds, borrowing more to survive possibly keep AAA rating?
Wake the fuck up, sheeple!
Revolt against ur system!



Yes this is no fix. This is bad. A band aid instead of a stitch. They may still have a AAA rating but its credit status will certainly take a hit. F%ck me! Pull out of these frickin wars and take care of home! How much is wasted there. Build some damn equity. You just blew what ya had. The debt deal right now its a 10 to 1. Raise the ceiling a couple trillion and then we will figure out what to cut. Worried about the unemployment. Shit man it may just get worse. No matter what more people will loose jobs. Cutting spending is cutting jobs. The few percent with the money will not let it go. The bankers and wall street make more on junk bonds and insurance than they do in actually investing in something. It is all about money and how fast you can make it. Buying stocks and investing in companies used to be because you believed in them. Now its numbers and fast trading. Computers that trade instantly. Just insane. Audit the damn fed. Lets see whats going on and take it from there. Any way sorry about the rant. Here what what I came to post.


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:cheers:


:cheers:

Re: Recap of US Debt crisis Friday: Where we are now

Post by Rydher » Wed Aug 03, 2011 12:10 am

keniwaki wrote:Revolt against ur system!


Easy for people to say but revolt to what?


You scream revolt. I scream restore. :D

Re: Recap of US Debt crisis Friday: Where we are now

Post by Keniwaki » Wed Aug 03, 2011 12:05 am

Puppet of the Wall Street, Obama used same tactic as Bush. Fear!
So they agree to borrow more money and promise to reduce debt in next 10 years....
Guess what guys? Your debt filled country is keeping AAA rating. How can a country running out of funds, borrowing more to survive possibly keep AAA rating?
Wake the fuck up, sheeple!
Revolt against ur system!

Re: Recap of US Debt crisis Friday: Where we are now

Post by Evildweeb » Tue Aug 02, 2011 11:55 am

santaownsyou wrote:Default means changes in the way you live, but from the bottom you can only move in one direction, and that is up......... Here is a good documentary about lessons learned in the argantine default and how they could apply in America. Granted this video was made in response to the recession, not a default.


True Santa, though Argentina has only recently "evolved" from the bottom of 3rd world status, so technically that is apples and oranges.

If the US economy falls through "any day now", we are talking millions of people who have rather blindly enjoyed their excesses and without the capital to continue it are going to have a rather tough time finding food, etc.

This could very well be the "level playing field" but from a more alarming viewpoint.

Re: Recap of US Debt crisis Friday: Where we are now

Post by Santaownsyou » Mon Aug 01, 2011 8:21 pm

Default means changes in the way you live, but from the bottom you can only move in one direction, and that is up. Default also means something else that most Americans don't even understand, and that's freedom, not being a slave to the banks anymore. Look at Argentina, their economy is growing now why because they already went through this shit. They got creative and the entire country didn't kill each other. Times were tough yes, but they learned to adapt, and now they are out from under the banks chokehold. Here is a good documentary about lessons learned in the argantine default and how they could apply in America. Granted this video was made in response to the recession, not a default. I personally believe the American system is going to collapse because it cannot sustain itself, so why keep making us suffer though the fear of it happening any day now, and just let it happen already. At least then we can start over and not let the same mistakes be made again, like trusting the banks.


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Edit: it's the second half of the video that I think is relevant it about how the argantinians learned to adapt after their collapse and are now in the process of rebuilding their country.

Re: Recap of US Debt crisis Friday: Where we are now

Post by Evildweeb » Mon Aug 01, 2011 7:03 pm

The two worst things that can happen right now --- Monday, August 1st.

The US defaults and the banks devalue the US dollar to the point of absurdity.

Not one penny of US currency will be worth bupkus. - meaning, $2000 US won't buy a loaf of bread. ALL governmental funds will be suspended --- i.e., military paychecks, government salaries, unemployment compensation, government contracts will go unfilled, grant funding, welfare, food stamps, social security, medicare ------ ALL BYE BYE.

The blowback from this will be grocery store owners will be laying guns on the counter.

Remember your 401k? GONE.

Remember your pension? GONE

We should know by Wednesday morning whether it is good or bad.

Stay tuned mi amigos, 48 hours should really tell the tale.

Re: Recap of US Debt crisis Friday: Where we are now

Post by Santaownsyou » Mon Aug 01, 2011 3:31 pm

So we are now at a point were a debt deal seems to have been worked out and it occurred to me that what is being ushered in is the beginning of austerity measures. The whole "debt crisis" / "credit rating" horror movie we have been watching on the news was nothing but a misdirection ploy to distract us from the fact that austerity measures have arrived in the US.

Edit:They were actually able to get people to demand that it happens, anything to avoid the scary movie being played out on the news.

Re: Recap of US Debt crisis Friday: Where we are now

Post by Newearthman » Sat Jul 30, 2011 11:25 pm

This seems like some twisted comedy. Obviously the Americal political system is a joke and all the ploiticians are clueless puppets! I sa America is being taken down deliberatly!

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