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Originally posted by Maxmars
I don't understand. I can't keep myself from resisting the notion that "the bankers didn't learn' because I fail to see in what way they are suffering. They are multi-millionaires and billionaires. They suffer no consequences other than to their image and ego.
None of these people, I am referring to those instrumental in the wealth shift, ever have to work a day in their lives. Frankly, most never have, and never will.
Originally posted by grover
Really the title of this thread is somewhat off center... it takes far more than an economic meltdown to cause a civilization to crash... more than anything it takes a failure of ideals or faith since a civilization is more about those belief systems than it is economics.
Originally posted by buddhasystem
Look, if you are talking about bankers when they say they don't work, then you really need to get a grip. Ever worked for an investment bank? I did. Every single employee (and that includes a lot of higher-ups) work their proverbial off and clock incredible hours. You should try that someday.
I'm not saying that a lot of directors fully deserve the multigazillion compensation packages, but I really want to get the facts straight.
This doesn't seem a lesson learned, this seems like a scam that was rushed to it's completion. Where did the money go? Where is it? Who has it? Was there ever any 'money' at all? I see all the all the billions being referenced, yet, billions of what, numbers on a spreadsheet? SOMEONE is getting obscenely wealthy, and quickly, yet no one seems to know who that is.
Originally posted by moonrat
A war that costs about $6000.00 a second to finance?
Originally posted by Blaine91555
It could get way worse though. If the next President tries to tax their way out of this downturn. Raising capital gains taxes could cause another Carter Era. No investment money = no growth = no new jobs = bad times. Surely nobody would be so foolish as to sugest an increase in capital gains taxes when it could cause a market crash
Originally posted by Interestinggg
Hello is anyone home in here or do I have to ring a bell or something???
We had a GREAT DEPRESSION.
The DJI stopped trading where it once started at!
We survived that.
You can not get any worse than that!
Short of global nuclear war or other extinction level event's.
We can never get any worse than the Great Depression.
So why worry about this?
Its just another day on the street.
Be careful selling your stocks as our deceitful contrarian buddies are looking to buy them off you.
Just like Nathan Rothschild during the Napoleonic wars.
It only takes some false rumors or over hyped news for these guys to own whole economy's.
Originally posted by Inannamute
but I think, and have seen sources stating that things like unemployment figures are fudged creatively to make them seem lower than they are.. likewise with those things which indicate recession, or depression.