Economic Time Bomb Still ticking for America and entire world.

Discussion in 'Economy' started by 52ndStreet, Sep 17, 2008.

  1. 52ndStreet
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    52ndStreet VIP Member

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    We see the Ameircan, and global economy stagnating in the current economic
    malaise. The incompetent policies of Allan Greenspan, and his assistants,have
    ruined the American, and global economy for many years to come.This economic time bomb, is also tied into the Political gimmick of Tax cuts, in times of Global inflation.

    Americas, and the Global economy, will find itself in a situation of a major global collaspe in the next few years. We saw the Federal Governments recent rescue of Bear Sterns, and the Federal Governments decision to allow Lehman Brothers to collaspe.The latter was a racist firm, who I feel got what it deserved. That being said, America and the entire global economy will find itself held hostage, by Firms placing huge sums
    of capital in risky unsound derivitive instruments. The regulatory oversight
    has been neglegent in its duty to perform oversight of these rouge firms.

    So, this may just be the begining of the end.The Federal government of the United States can act now to stave off the explosion of this "Economic Time Bomb".
     
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  2. random3434
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    random3434 Senior Member

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    I blame it on the man.
     
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  3. dilloduck
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    dilloduck Diamond Member

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    I'm hurrying--don't rush me now !!:lol:
     
  4. CA95380
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    CA95380 USMB Member

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    :thup: :eusa_clap: :thup:

    But most of the people, on here, are not going to listen to you. :eusa_shhh: They are wearing Rose Colored glasses.

    But I agree with Echo .... "the man" has done a bang up job for all of us. :doubt:
     
  5. dilloduck
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    dilloduck Diamond Member

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    ok--now here is a time when I look around and see who is actually doing something that will help as opposed to those who are busy trying to pin the blame on someone else.
     
  6. CA95380
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    CA95380 USMB Member

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  7. PeterS
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    PeterS Active Member

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    The 2001 recession was the product of over capitalization. The Bush tax cuts were aimed at capitalization. Greenspans interest rate cuts were aimed at capitalization. Both actions were the exact opposite of what was needed to restore a balanced economy. It's far too late to hurry so don't worry about being rushed...
     
  8. dilloduck
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    dilloduck Diamond Member

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    np----I always knew there wasn't a damn thing I could ever do about it anyway. Anyone thinknig they can vote their way outta this one is bonkers too.
     
  9. editec
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    editec Mr. Forgot-it-All

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    Spot on.

    The Fed is so bonkers now, I don't recognize them.

    Where are they getting all this money to bail out banks, confiscate banks, take over the bad paper in Fannie Mae and so forth?

    they do NOT have this money.

    They just pledged trillions of futures taxpayers dollars to keep the banking system going.

    These would the be those same taxpayers who they have been not giving a shit about for the last two decades.

    The priests of Mammon eat the banquet, we peasants and our children begging at the door of their temple get stuck with the tab.

    Unbelieveable!
     
  10. dilloduck
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    dilloduck Diamond Member

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    Well somebody made out like a bandit on the deal ! Outta be easy enough to follow the money.
     

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