General

[SHOOT3R USA]

Were buying ammunition. My dad thinks that its going to get so bad that its going to lead to a revolution or something. I don't know but I think he is taking things out of proportion.

Viva La Revolution

Personally I think its going to get worse before its going to get better.

[thkyle]

Originally Posted by SHOOT3R USA

Were buying ammunition. My dad thinks that its going to get so bad that its going to lead to a revolution or something. I don't know but I think he is taking things out of proportion.

Viva La Revolution

Personally I think its going to get worse before its going to get better.

Ya think! Probably it will appear to get better before it gets worse.......but the end result may be the same.

But first, Henry Paulson wants to get in on a little of the action and has talked congress into "flipping the nation" with our tax dollars. Betting that the value of these failed mortgages will go up........where have we heard that one before?

Well N. Korea, Russia, Iran, Afghanistan, Pakistan, Georgia, Syria, Venezuela, etc. etc. time to cash in your cards and deploy your extra armies!

[supergeo]

Hint: it was more of the banks being forced to do subprime lending.

See: Community Reinvestment Act - Wikipedia, the free encyclopedia

[Christian Nelson]

$700 Billion dollars could put 3 nuclear reactors in every state..

Talk about energy independence then!

Why not buy something tangible, rather than bad notes not collecting interest they should?

There are so many more useful things one could do with this kind of money, and it makes it worse when it is deficit spending.. Yes, that's right... What sort of interest do you think the US people are going to be paying on this?

Do you think the politicians are gonna do something stupid, like maybe take out this loan on an ARM?

Naw, they'd never do something THAT stupid, would they?

We could pay all of the current politicians to take a permanent vacation..

We could pay 700,000 people a million dollars each for this kind of money..

Adding this to the reckless spending of the Iraq war (a war that should have lasted what, 3 years? Whenever we finally caught Saddam, we shoulda left) that one has left us with a trillion dollar bill give or take.

This all wouldn't be quite as bad if it wasn't deficit spending (borrowing, incurring huge debt, our grand kids will be paying on this interest here)


I am surprised none of the CEO's, and none of these politicians are not getting assasinated.

I don't see a full out revolution, but I can see a few targeted politicos.. Depending on the leanings of the shooter, there's quite a few names that could be placed on the chopping block in both parties.

[Azzy]

Hell, they could give it back to the people who actually earned it, instead of some stupid $600 welfare check

[Abizdafuzz]

I know that I hear people talking about we have to float or we will not keep up with the world markets and stuff...that is why China is buying federal notes to keep their market open with us. I would like to think, that if we would just suck it up and have either a depression or close our doors and go back to isolation then some of the pressures from out side would stop. If we left the world markets, what would be left of most of them? We are one of the largest users in any of the markets and if we left, then the others would stop making as much money and bring them down to our level to some point. We need to fix home before we worrie about what the other countries think.

I am also against bailing the big banks out, they need to learn a harsh lesson here and maybe some people who spend more than they have as well. Just my 2 cents.

[Azzy]

Actually, China just told their banks to stop loaning US companies money.

[Christian Nelson]

Good, we need to stop borrowing anyways..

[R.J.]

What would happen if we decided not to do the bailout and let the markets find a balance on their own?

[Christian Nelson]

Economic depression for around 10 years.

Even with the bailout, it's looking like that.