Depression Knowledge

25 responses so far ↓

• 1 ericclaptonismygod31 // Dec 5, 2008 at 3:45 pm

  nooriginalthoughts is an apt name for you. what is the solution of the communists leaving their comments on this page? capitalism CANNOT FAIL because it is the representation of our human nature. People naturally want to trade and improve themselves without the interference from government. by the way, the crisis is now moving to europe and asia. diversifying into swiss franks would be a horrible idea at this point. get some education *******!

• 2 nooriginalthoughts // Dec 8, 2008 at 2:31 pm

  What’s the point? Your country is fucked. This is deja vu all over again. WWIII is literally any time now. Your country is BANKRUPT. And when the Baby Boomers retire, it will finish it off. Just as Britain started WWI when they were bankrupt but still had designs on ruling the world, so too is the USA now. If you have sold your **** and have cash, convert it to Swiss Francs and get the **** out of America (would be my advice). Or, stay and live in a hole in the desert, but why bother…

• 3 nooriginalthoughts // Dec 12, 2008 at 12:34 am

  You are wrong. Capitalism WILL fail, as predicted by Marx. However, what will follow will not be socialism for the benefit of society. What will follow will be a brutal dictatorship (like “IngSoc” in 1984), facilitated by the technology that has been leading up to this point. **** your “computer and latte” comment. The Holocaust could only happen because of the CUNTS at IBM and their Punch Card machines being sold to ******. Look up on Amazon “IBM AND THE HOLOCAUST”. Capitalism is slavery.

• 4 rocky038 // Dec 13, 2008 at 5:11 am

  thats right my children sell those fancy cars and big houses i just sold mine and built a massive bunker filled with all living necessory food and water somewhere in the middle of desert anyone care to join me

• 5 DaveDoggOwns // Dec 15, 2008 at 9:47 am

  Alot of these Economists assumed that the FED would do it’s job to help the depression but instead the FED destroyed money. That’s why so many of them thought it wasn’t going to last long.

• 6 Starry2000 // Dec 18, 2008 at 9:30 am

  1) Guaranteeing the debt of major banks is socialistic and impossible anyway.

  3) Social Security is not what got us into the mess in the first place, not even a drop in the bucket. Sorry.

  We got into this mess with much thanks to deregulation, inflation, and other issues like oil.

• 7 Starry2000 // Dec 21, 2008 at 11:38 am

  “Something like the top 1% pays almost 50% of the social costs”

  I don’t think that is accurate, but let us go with that for a moment- the other 99% pays for over 50%.

  The money held by the middle-class is far more important to the economy in that it is far more likely to move and be liquid, and is far more likely to be spent at home. Not to mention that the money spent on taxes means more to middle-class than to the rich.

• 8 ericclaptonismygod31 // Dec 22, 2008 at 2:58 pm

  You reduce the budget deficit by cutting spending. By the way, the “rich” pay the vast majority of the taxes in the USA. Something like the top 1% pays almost 50% of the social costs. Exxon pays 49% income tax as do many of the big corportations. Who are you to decide what other people “need” and “do not need.” Hitler, Stalin, and Mao thought they could presume to know the needs of others as well. I do agree that bailouts are bullshit. GOLD STANDARD and real capitalism is the answer. Ron Paul!

• 9 ericclaptonismygod31 // Dec 24, 2008 at 3:31 am

  Okay Shutupforjustice. USA can pursue Keynesian reflation with what money? Already running a deficit and Americans have a huge debt. I guess you would print up some fresh bills like the Germans in 1923-1924. Have a look at them burning money to keep warm because the worthless D Mark paper was worth more than wood. Capitalism never worked? Try Ronald Reagan, or I guess you were on the side of the Soviets at that time. Maybe you were not born yet? Thank capitalism for your computer and latte!

• 10 speakupforjustice // Dec 25, 2008 at 2:09 pm

  I agree with 2), 4) & 5) but I don’t see how privatizing social security would have a good impact on the people. The only people against social security are the top 5% of Americans who are so rich they don’t need it. The majority of Americans not only want it, but they are willing to pay taxes for it. Since democracy is majority rule, I don’t see how this is a problem. As for freezing taxes, how could we then reduce the budget deficit?

• 11 ericclaptonismygod31 // Dec 27, 2008 at 3:53 am

  Any real solutions out there folks? Going to scapegoat the “speculators,” the Jews, the Canadians? Socialism basically got the US into this mess with an unfunded war in Iraq, tax cuts, and too much social welfare spending. Overthrow capitalism! Workers of the world unite! Funny **** reading these postings!

• 12 ericclaptonismygod31 // Dec 28, 2008 at 12:49 pm

  Here is how to solve this mess. 1) guarantee the debt of the major banks 2) stop spending on the military 3) privatize social security and freeze taxes 4) progressively reduce the budget deficit over the next few years 5) DO NOT wage wars with foreign countries and instead make the USA the most competitive country in the world again. NAFTA is your friend, protectionism/Communism is not! IF the US still had the GOLD STANDARD we would not have gotten into this mess in the first place!

• 13 speakupforjustice // Dec 31, 2008 at 4:58 pm

  We don’t need more unregulated laissez-faire capitalism, in fact this has never been 100% EVER, so how could it possibly work now? What we need is more government oversight to make sure these banks aren’t involved in risky idiotic actions- which they have no qualms about since they realize the government won’t let them fail. I have nothing against capitalism, but I agree with Keynesian economics, you need a strong govnt in order to provide stability.

• 14 speakupforjustice // Jan 2, 2009 at 11:59 pm

  the banks are going to bring us down because of their idiotic loan lending and investments; it is because of this greed that the rest of us will suffer for…& already you see the govn’t use our own tax dollars to bail out Bear Sterns and now Fannie Mae, Freddi Mac soon to go under! Fannie & Freddi own or guarantee $5 TRILLION worth of mortgages (about half of US home debt)!! Do you know what would happen if they go under? Liquidity will be lost and you’ll see more banks fail-another depression?

• 15 MayorGalvan // Jan 6, 2009 at 3:38 am

  The time has come to galvanize and throw the bums out in 2008, and 2009! McCain and Obama both cannot be trusted! The Democrats and Republicans have destroyed the USA. I’m voting for a 3rd Party again in 2008. The Great Global Depression II is here and so is War WAr III.

• 16 ericclaptonismygod31 // Jan 6, 2009 at 11:19 pm

  got a better system in mind? how about **** fascism or soviet style communism? maoism was a good system, eh? capitalism is the best economic system that we have. gold standard, free trade, mobility, and limited government is what we need right now.

• 17 ubornthick // Jan 9, 2009 at 10:49 am

  Those with negative equity and struggling with their mortgages ,will probably have to burn their “own” houses piece by piece this coming winter ,starting with the skirtings and architraves if projected increases in heating fuel are true .

  For those interested ,one metre of skirting will produce about 10 kilowatts Architraves about 5 kilowatts per metre .i sujest leavig doors and floorbords till the last on account of the increased draft

• 18 TexnTuber // Jan 12, 2009 at 10:09 am

  I’m surprised that American realtors and home owners nationwide haven’t started a national protest movement to burn all the bank-owned foreclosure properties….

  1)
  it would drastically improve the housing market and

  2)
  they would actually get something for their tax money being confiscated by Congress to pay off the distressed banks who hold the titles. How many titles the Fed (they caused the bubble with too low interest rates) has received from banks as collateral?

• 19 Hollander909 // Jan 14, 2009 at 11:12 pm

  all american politicans and illuminated rich people have a one track mind, to enslave commoners and non wealthy citizens of all types.

• 20 Hollander909 // Jan 18, 2009 at 1:09 am

  if you knew anything about politics you would know that the only time they put a fake republican party in office is when the lefties are losing tyranical power! the republican party is to keep clean of wrongdoing liberal parties and maintain a good image they dont even have. opposing politcal parties are fake and are to keep up appearances with the public.

• 21 simon333 // Jan 18, 2009 at 4:39 am

  Um, hasn’t the congress and executive branch been REPUBLICAN for the past 8 years? How do “far left” celebrities have any effect on policies?

• 22 Hollander909 // Jan 18, 2009 at 11:22 am

  its not a speculation bubble, the housing market prices are strictly and only affected by politicaly engineered inflation and wallstreet is the 2nd inflation engine, economic power leads a country to a desolate labour slave trainwreck of status inequalities and poverty, wich is all orchestrated AND COLLABORATED by politicians bankers and the US war machine. Get your head outta the sand box.

• 23 Hollander909 // Jan 20, 2009 at 2:59 am

  easy for rich politicians and celebrites to support far left political ideologies and power economies while the rest of the wolrd goes homeless and starves to death because of inflation, its ok though rich politicians and celebrities will be ok, you know, ( its the **** you,im alright! syndrome wealthy people and politicians have)

• 24 ourearthhome // Jan 22, 2009 at 9:21 am

  The housing bubble is at its core a land speculation bubble. The real estate for profit game is a land speculation game because only the value of land/locations appreciates. Land value is 100% created by the community as a whole so when private individuals cash in on increased land value they pocket a value they do not create. It is the motive to pay more for land than it is really worth hoping the next guy comes along. The last guy just came along. Google “Henry George” for further insight.

• 25 ourearthhome // Jan 23, 2009 at 6:35 am

  Land prices must fall because the housing bubble is really and only a land speculation bubble that has burst. History proves that people like to speculate with land because land value is entirely created by the community and cashing in on it allows one to reap what others have sown. Ownership of land value that comes along with land ownership is an entirely unearned value and income as land is rented or sold. It is the free lunch of which there isn’t supposed to be any. Pimping Mother it is.

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