US is speeding towards a brick wall

We could not throw money at the problem.
 
Holy S***, you dont realise how much money it is until you see something like that.
 
Another trillion or two should definitely solve the problem.


...Right?
 
Comparing the bailout amount to past expenditure is misleading IMO. Even if they claim that the figures are adjusted for inflation, it doesn't seem to take the reality of the situation into account. Loads of costs in the world grow at a rate that surpasses inflation. Just before I was born, my parents would have been able to buy a house in London for about the same amount as my student loan debt: ?16k-?20k. Now that's only going back like 30 years, but the same house prices today are easily 10 times that if not considerably more.

I only picked house prices as an example of how the reality of expenditure can change fast over time. But consider also how inextricably linked are the fortunes of our major financial institutions to the price of housing. Mortgages are worth more if the house is worth more, and assets become all the more toxic if they contain defaulted mortgages on more expensive houses - requiring all the more government aid in order to (attempt to) fix. That's my layman's assessment.

Don't get me wrong, it's a colossal amount... But think about how the Iraq War is apparently going to cost $2-$4trillion dollars, if not more, by the time it's over. That's $4 trillion blown for NO REASON AT ALL. At least the bailout has the aim of attempting to stabilise the market - whether or not it has much of a hope of working completely, I dont know, but I do believe that, insofar as that money has any affect at all, it will have a positive effect. In the Bremner, Bird and Fortune analysis 'Where did all the money go?' (you can find it on Youtube), one of them said something I thought was astute: 'When greed surpasses fear the market goes up, when fear surpasses greed the market goes down.' That is to say, it's not necessarily a case of injecting enough government money to balance the books, but injecting enough so that the market once more becomes believable in the eyes of enough people so that complete disaster is averted.

Maybe it won't work at all, but what's the alternative really? I haven't heard a serious alternate plan. 'Self-correction'? Just doing nothing because we want the bankers to get their just desserts? Since that will involve small businesses dropping like dominoes, millions out of work, banks folding and personal savings going up in smoke, I still think it's worth intervening. Immediate trauma is much worse than future debt, especially if everyone in the world is going to be in the same debt.
 
jet_porkins said:
What else can we do besides throwing money at the problem?
Click to expand...

That's the golden question, and nobody in congress has the balls or the lobbyist power to ask it. Mainly because, simply put, just like us, they are slaves to a fractional reserve banking system.
 
You all know what happens when something speeds towards a brick wall and hits it, right?

Research derived from the carnage can result.

Who benefits? Well, not us. We're going to be a smear on the wall, but other countries will!
 
Question:

If we stop throwing all this money at companies that are stuggling financially, wouldn't the economy crash and the world (stocks) would essentially be screwed?

Also Congress needs to shut its mouth about Citigroup + Mets agreement.
 
How is this news, the signs have been there for god knows how many decades.
 
Giving companies money that the government doesn't even have is absurd, I hope whoever thought of it gets shot in the kneecaps. Hell, giving money to companies in the first place is absurd.


It depends though, what are we speeding to the wall in? We might be able to smash through it.
 
nipples said:
It depends though, what are we speeding to the wall in? We might be able to smash through it.
Click to expand...

A paper mache go-kart. The wall is also surrounded by a moat of flaming oil.
 
I really hope we can do something about it.

Otherwise I'm going to move to Singapore.
 
Well **** we're already this far along the path. FFS my industry should try and get a handout while its there. HELP HOMEBUILDERS. Where is the homebuilding industry bailout????

I'm to the point where I'm feeling like "screw principles, it's every man for himself"
 
DEATHMASTER said:
Can't Obama undo it?
Click to expand...

Ha ha ha ha ha ha ha

Oh sweet sweet ignorance, I would love to see what a 1 term senator from illinois is going to do about a World Wide Economic crisis. Maybe he can have HOPE that it will CHANGE.
maybe he can ask that wacky Preacher of his to Pray it away.

I think he should do the smart thing and ask his New Secretary of States's Husband Bill what to do.
 
We really should just let corporations like GM and Citigroup take the full consequences for their greed imo. We as common citizens will survive. We always do.
What's the worst that's gonna happen to these CEO's on the other hand? Will they lose their summer houses unless they get this package? *Bawwwwwww*

I don't feel the least bit sorry for them. I say screw'em. Imports have always been more reliable and efficient vehicles nowadays anyway and Citigroup is obviously a crappy financial firm.
I do kinda feel bad for the workers who's benefitted from all of these outsourced jobs though. Oh well.

I agree too that the bailout package doesn't make much since. It's like attempting to pay off debt with even more credit cards. :/
 
Raziaar said:
You all know what happens when something speeds towards a brick wall and hits it, right?

Research derived from the carnage can result.

Who benefits? Well, not us. We're going to be a smear on the wall, but other countries will!
Click to expand...

America breaks the brick wall when it hits it, that's what happens....



............ I hope.
 
marksiwel said:
Ha ha ha ha ha ha ha

Oh sweet sweet ignorance, I would love to see what a 1 term senator from illinois is going to do about a World Wide Economic crisis. Maybe he can have HOPE that it will CHANGE.
maybe he can ask that wacky Preacher of his to Pray it away.

I think he should do the smart thing and ask his New Secretary of States's Husband Bill what to do.
Click to expand...

I know this guy is banned and all, but marksiwel you suck.
 
zombieturtle01 said:
America breaks the brick wall when it hits it, that's what happens....



............ I hope.
Click to expand...

No ****ing way. We go splat.

broken_egg.jpg
 
nipples said:
No ****ing way. We go splat.

broken_egg.jpg
Click to expand...

That picture is inaccurate, what would actually happen is that on impact the egg would break unleashing a shockwave of yolk that smashes the other eggs too. The sad one with its arms behind its back MAY survive though because the shockwave would be partially absorbed by the one in front of it.

A DIAGRAM:
brokeneggzq0.jpg
 
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