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| Topic: The Great Depression | |
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If we want to EVER have a stable economy we all have to change our lifestyles and accept a different way of handling money.
1. The world would have to declare it illegal for banks to loan money at interest rates. Simple mathmatic equation Principal/principal+interest. This means that since all our money comes from banks and and their lending it to us there is nothing left to pay the interest when it's over. This is why the world's debt = 4 quadrillion dollars and there is only 100 trillion dollars worth of assets and resources. This also explains why there are "bubble bursts" that keep growing in our economy. The only way to keep the system going is to print more money and inject it into the system (hence the bailout and why it passed). The simple fact that banks could no longer charge interest would basically make it impossible for them to exist. Unless, that is, they charge money for a safe spot to store money. 2. All central banks must be eliminated. They are the source of our problems. They control our coutry's interest rates and they create money out of nothing to keep their profits going. You will find that bank lobbyists and the federal reserve are the source of most of our current financial problems. 3. Is a safeguard. all money has to be backed up by actual assets. Could be infastructure, gold, diamonds, etc. This keeps the system in check and makes sure it doesn't run away. These changes would be drastic, but they will have to happen someday... |
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Edited by
nogames39
on
Fri 01/09/09 08:33 PM
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You're asking for dancing bananas (Barrrrrackkk the house baby).
There is like 5 people here who understand what you are saying (now counting the guy who said we blew the last chance). The prevailing logic is as follows: 1) Tax the rich (this will make them open new businesses). 2) Bailout the poor (this will make them start saving). 3) Support unions (this will create a more productive worker). 4) Prevent foreign goods from entering US without a premium to deny an American a choice. (this will make US more competitive). 5) Prevent foreign labor from competing with US labor. (This will restore public order, indulge everyone's proud of a great achievement of being born in US). I mind you, this is the same country that used to be best in education and business. |
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You're asking for dancing bananas (Barrrrrackkk the house baby). There is like 5 people here who understand what you are saying (now counting the guy who said we blew the last chance). The prevailing logic is as follows: 1) Tax the rich (this will make them open new businesses). 2) Bailout the poor (this will make them start saving). 3) Support unions (this will create a more productive worker). 4) Prevent foreign goods from entering US without a premium to deny an American a choice. (this will make US more competitive). 5) Prevent foreign labor from competing with US labor. (This will restore public order, indulge everyone's proud of a great achievement of being born in US). I mind you, this is the same country that used to be best in education and business. My problem is that many people struggle with money and automatically blame the upper class. If you want tax cuts look into programs that can be cut don't raise the taxes of everyone else to make up for it. We shouldn't be out to screw anyone over regardless of income. In fact, IMO, the lower class that thinks they should get a tax break while the upper class pays more has the same corrupt personality as the wealthy businessman screwing his workers over to save a few bucks. Either pay, people are voting themselves money. |
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You're asking for dancing bananas (Barrrrrackkk the house baby). There is like 5 people here who understand what you are saying (now counting the guy who said we blew the last chance). The prevailing logic is as follows: 1) Tax the rich (this will make them open new businesses). 2) Bailout the poor (this will make them start saving). 3) Support unions (this will create a more productive worker). 4) Prevent foreign goods from entering US without a premium to deny an American a choice. (this will make US more competitive). 5) Prevent foreign labor from competing with US labor. (This will restore public order, indulge everyone's proud of a great achievement of being born in US). I mind you, this is the same country that used to be best in education and business. LMAO! Your logic is empty. Your understanding of economics is complete. Your views about the way the country should move in the future are dangerous. I understand that you think you are the only one who understands the situation we are in. But, your ego is over-inflated and your source is erroneous beyond reasoning! |
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Obama didnt give this money out! He didnt authorize its pay out without monitoring where it went or how it was spent! That was Bush's Administration. Half the 700 billion hasnt even been used! The Bush Administration is still shuffling their feet, unable to stick to one plan. They have been flip flopping back and forth while America suffers! Only paying out to their rich friends! Its all supposed to be low interest loans, but no one is even sure who got what! People continue to say bailout as if the money was appropriated as a gift. It wasnt. It was meant as a financial rescue plan, given where it was needed most, and then as loans. With the intent that it would be payed back with low interest! Its was either that or America would falter. Possibly failing and going into a deep recession. Most people alive in this country today have never even experienced the financial hardships we saw in the seventies. Even those of us who remember that never experienced the 28% unemployment of the Great Depression. If the US big three would have failed, then not only would we have, but we would also be dependent upon foreign manufacturers for our defense needs. Yet the Republicans in Congress wanted to involve the United Auto workers incentives into the equation and the bill failed. The UAW who have taken pay freezes and benefit reductions for the last 20 years because they were told the industries failures were due to their greed and laziness. When in fact it was a necessity of the globalization goals. The Republicans who voted against the LOAN to the Auto Industries are as Anti-American as they come. The people who agree are as brainwashed as they have intended to make us all. One by one the Unions have been disbanded. The one United voice we in America had to fight off the lost manufacturing jobs that have come on the march to globalization, Gone. The only real problem with American manufacturing is the lifting of trade tariffs that made the price of manufacturing goods in this country competitive, and the hopes and dreams of the American worker to provide a good life to their family and a better future to their children! The one good thing Bush has done while in office was to grant the loans to the big three! Now if Obama holds true in rebuilding the base of our already failing economy and taxes corporations who move our manufacturing abilities overseas then we have hope. When he begins to make America free of foreign oil it will be American companies doing it. No ones asking you to be sheeple anymore. They are just saying, "Be American and believe in America." If all you do is work against reviving this country then you are the true Anti-American! According to CNN 8.5 trillion dollars has been printed and handed out to the biggest corporations. How can you say the money hasn't been used when there is zero accountibility? Why is it UnAmerican to be critical of Obama but it's the opposite to be critical of Bush. Obama's plans are VERY similar... Oh Fanta, you're not crossing over are you? Critical thinking my brother! You used to keep ME in line! 
Driven I dont know where you are getting you figures but the Stimulous package was only 700 billion and only half that has been spent! |
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WASHINGTON – Barack Obama's economic team is talking with the Bush administration about having Treasury Secretary Henry Paulson ask Congress within the next week for access to the $350 billion remaining in the financial bailout fund, officials on both sides said Friday.
A request by Paulson would allow Obama to begin tapping the fund — the last half of a $700 billion rescue package authorized by Congress in October — promptly after his Jan. 20 inauguration. Obama's transition team also has asked Neel Kashkari, the head of the rescue program at the Treasury Department, to stay on for "a couple of weeks" under the new Obama administration to ensure a smooth transition, an Obama official said. Paulson has said for a number of weeks that he has been having talks with the Obama team on when a request should be presented to Congress seeking the second $350 billion. He has said that the decision on timing has been left up to the incoming administration. "They're the decision-maker here," Paulson said in a response to a question after a speech Wednesday. http://news.yahoo.com/s/ap/20090110/ap_on_bi_ge/financial_bailout_7 |
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I heard today that the banks didn't account for the half that was spent. Yep, they're going to have to account for the second half and it can't show anything frivolous.
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The Bush Administration's handling of the economy is almost as bad as their handling of America's foreign policy and military!
Criminal at best! |
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Try $7.36 trillion dollars - cnbc.com
It’s a package of about $8.7 trillion dollars’ - yahoo.com The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago. - redstatepolitics.com $7 trillion - money/cnn.com 8.5 trillion - bizjournals.com 7.5 trillion - usnews.com |
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I heard today that the banks didn't account for the half that was spent. Yep, they're going to have to account for the second half and it can't show anything frivolous. There is zero accountability requirement for the money given under that act. Part of the plan. Paulson can spend the money however he wants with no limitations from what i understand. The banks haven't reported to congress in months if not years, and they won't anytime soon. Congressmen/women have continually complained that congress is givenmore information on what happens in the CIA than they do the national bank meetings.... |
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Edited by
Drivinmenutz
on
Fri 01/09/09 09:43 PM
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WASHINGTON – Barack Obama's economic team is talking with the Bush administration about having Treasury Secretary Henry Paulson ask Congress within the next week for access to the $350 billion remaining in the financial bailout fund, officials on both sides said Friday. A request by Paulson would allow Obama to begin tapping the fund — the last half of a $700 billion rescue package authorized by Congress in October — promptly after his Jan. 20 inauguration. Obama's transition team also has asked Neel Kashkari, the head of the rescue program at the Treasury Department, to stay on for "a couple of weeks" under the new Obama administration to ensure a smooth transition, an Obama official said. Paulson has said for a number of weeks that he has been having talks with the Obama team on when a request should be presented to Congress seeking the second $350 billion. He has said that the decision on timing has been left up to the incoming administration. "They're the decision-maker here," Paulson said in a response to a question after a speech Wednesday. http://news.yahoo.com/s/ap/20090110/ap_on_bi_ge/financial_bailout_7 Fanta, that is just the money from the $850 billion bailout. There was a 700 billion bailout that passed before the one you are talking about, and trillions have been added since.... Congress is tricky like that. The economic stabalization act was passed to give Pualson unlimited power with our money. He now has the power to use any amount of money as he sees fit, with no accountability necessary. |
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Driven
You said, Why is it UnAmerican to be critical of Obama but it's the opposite to be critical of Bush. Obama's plans are VERY similar... Oh Fanta, you're not crossing over are you? Critical thinking my brother! You used to keep ME in line! For 8 years I heard that coming from Bush and his sheeple. Anyone who disagreed with his policies of aggression and lies were called unamerican. Called that from the highest office to the lowest pee-on! I cant number the times, me an American Veteran, was called that by some leach who has never done anything but take and take from this country. Never giving anything back! I have heard this from 20, and 22 year olds, perfect age to go fight Bush's war yet only cheering it on from the sidelines. No intention nor enough courage to back up their support with action! Willing to watch from a cozy couch while my brothers fought and died for a lie! Well Now its my turn and if they dont like it, They can kiss my ass! |
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WASHINGTON - The government’s commitments to contain the financial crisis now approach $7 trillion.
That figure includes funds to guarantee certain corporate assets and debts, although those funds may never actually be spent. Still, the overall figure reflects the huge liabilities the government is taking on to battle the meltdown. - Boston Herald |
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don't forget what ended the last depression Yea, I think we're being setup for something. |
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Fanta, that is just the money from the $850 billion bailout. There was a 700 billion bailout that passed before the one you are talking about, and trillions have been added since.... Congress is tricky like that. The economic stabalization act was passed to give Pualson unlimited power with our money. He now has the power to use any amount of money as he sees fit, with no accountability necessary. No brother you are confused! |
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Driven You said, Why is it UnAmerican to be critical of Obama but it's the opposite to be critical of Bush. Obama's plans are VERY similar... Oh Fanta, you're not crossing over are you? Critical thinking my brother! You used to keep ME in line! For 8 years I heard that coming from Bush and his sheeple. Anyone who disagreed with his policies of aggression and lies were called unamerican. Called that from the highest office to the lowest pee-on! I cant number the times, me an American Veteran, was called that by some leach who has never done anything but take and take from this country. Never giving anything back! I have heard this from 20, and 22 year olds, perfect age to go fight Bush's war yet only cheering it on from the sidelines. No intention nor enough courage to back up their support with action! Willing to watch from a cozy couch while my brothers fought and died for a lie! Well Now its my turn and if they dont like it, They can kiss my ass!   I get ya brother
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NEW YORK (Fortune) -- A billion dollars here, $7 trillion there: How long till Uncle Sam has to cry "uncle?"
For now, frightened investors worldwide continue to gobble up U.S. Treasury bonds, and they aren't much concerned about the impact of all the obligations the U.S. government is taking on to try and head off economic catastrophe. But the government printing money, lending money to shaky corporations and guaranteeing debt that may never be repaid all could have troubling consequences in the not-too-distant future. The No. 1 concern: Even if actions taken by the Federal Reserve and the U.S. Treasury succeeds at stabilizing the global financial system, and an economic recovery takes hold, a brutal inflationary spike will be right around the corner. "Inflation is the 8,000-pound gorilla in the room," said Gary Hager, president of Integrated Wealth Management in New Jersey. "We're sitting in the room with the coffee cups vibrating." In that environment, long-term interest rates would soar, the value of the U.S. dollar would plummet, policy makers would face a whole new set of challenges. "Everyone is going to lose something," said Will Hepburn, president and chief investment officer of Hepburn Capital Management in Prescott, Ariz. "The winners will be those who end up losing the least." Focus on deflation Even those who have backed the blizzard of emergency spending on the grounds that it's necessary to prevent an economic catastrophe are worried about the size of the tab that will be left to taxpayers. Hepburn gives federal officials "bonus points" for concocting innovative responses to the credit crunch. The ongoing collapse of U.S. stock market and real estate values, he said, has slashed U.S. household wealth by at least $10 trillion - and those paper losses could go much higher before the swoon ends cnn.com/money |
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Those are guarantees!
Guarantees that have no real meaning and are not actual funds! Just promises to give confidence to lenders. To soften the blow that is, Im afraid, just beginning to hit us. Guarantees which if everything collapses can't and never will be kept! Paranoia and misinformation strung together to make good headlines! The fact that Obama is the first Black President has many people hoping for his assassination. Many more for him to fail. What they dont understand is that if Obama is assassinated it wont just be Black Americans PO'd and if he fails we all fail! They hope for their very own destruction, the destruction of their children's future, the destruction of their neighbors lives, and the destruction of America. If that isnt unAmerican then what is? |
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McCain recieved apprx. 45-46% of the popular vote. People think this was close, but I figure he recieved the 30% who still supported Bush and the Republican Party, and the 15-16% of the population who are still extremely racist!
You will see that these folks will all be very loud. They will rant and rave. They will have wild predictions of doom and predictions of his failure. As they all are suffering from culture shock! Hell, he isnt even in office yet and look what you hear and what some in the media write! |
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Try $7.36 trillion dollars - cnbc.com It’s a package of about $8.7 trillion dollars’ - yahoo.com The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago. - redstatepolitics.com $7 trillion - money/cnn.com 8.5 trillion - bizjournals.com 7.5 trillion - usnews.com Key words here driven........ The U.S. government is prepared to provide
If they haven't done so yet then it wont be from Bush, and I'll bet that Obama will have well laid, useful things planned to spend it on! Did you hear his speech the other night? |
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