This has nothing to do with who's right or who's wrong.......Quote:
Originally Posted by wareagle69
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This has nothing to do with who's right or who's wrong.......Quote:
Originally Posted by wareagle69
so whats it got to do with then? to me and i said to me it sounds like you are sitting up here like you are imperviuos to all of this and maybe cuz you belong to the masons you think you are but if it happens if it happens no one will be immune, i just think youre to eager to jump from the boat when the first wave hits, me i rearely worry drives my wife nuts but after all my experience as you all have heard many times but in combat or in a cage or on a bulls back you learn to focus breath and getter done....if it happens i'll take heed of sankeys preaching kepp lifting and a reaching keep my hands up and ranger on...
blah, blah, blahQuote:
US stocks pluge over 200 points!!!!
WIPE OUT
Yeah I remember a Monday back in 1987 "Black Monday" where the Dow dropped 508pts., a loss of 22.6%. Yeah that sucked and we were all destitute by tuesday, starvation set in by friday and we were all dead by the weekend... is that how you remember it Bragg...LOL:rolleyes:Quote:
It's all going down the rat hole........
'
Next stop.......poverty and destitution........
LOL. No, I was too busy buying foreclosed properties and becoming a slum lord.Quote:
Originally Posted by Chicago Dan
What's that suppose to mean? The price of capitalism is recession. You act like it's the end of the world. Stocks thrive and at some point the piper has to be paid. Stocks nose dive. It's called a business cycle. It last, on average, somewhere between six months and about a year. I posted all the recessions on another thread. The stocks rebound in about a 30% leap. And we're back up and running again. But make no mistake, another recession will be at the end of the next up cycle. It's how the game is played.
so you should be happy there pusser tat you can get even richer if it happens and we'll all come grovelling to you pwease mr bragg another spoon of oatmeal sir...
I figured you for a guy who thrives on the misery of others.Quote:
Originally Posted by BraggSurvivor
Quote:
Originally Posted by Rick
I can't believe you even uttered the word recession Rick. Unheard of last February when i joined up.
As Ive said before, things are different this time, VERY different, and will make the Depression look like a tea party in comparison.
every generation thinks that bragg what do you think they thought in the late 70's
Quote:
Originally Posted by wareagle69
The difference between now and then is that Capitalism it's self is in recession now.Quote:
Originally Posted by Rick
No it's not, Sam. We aren't in a recession yet. We probably will be later this year, maybe. If the FED raises interest rates like they are supposed to it will bolster the dollar but the economy will further contract.
yeah but people still thought it was the end same as every time in history that diffucult times have arisen some panic and run in fear others stand the test of time and rebuild confidence
Dingle balls and multiple partners?Quote:
Originally Posted by wareagle69
WE - You are right on the money. This time is no different. I've seen nay sayers come and nay sayers go. Those that don't understand how the economy works are those that stand on the street corner professing the end of time. Open a freakin' economics book for cryin' out loud. Edumacate yourself.;)
ha nah nah nah dad said i'm right na na na poo poo on you
doh can't beleive i just posted that time for me to spend time with my horses
I'm not talking about the money. I'm talking about the value of the Capitalists governments vs. the rest of the world.Quote:
Originally Posted by Rick
I don't even know what that means. Are you talking about how much the government is worth?
I'm saying that the rest of the world is gaining on us financially.Quote:
Originally Posted by Rick
I believe originally the idea of building up "developing nations" was to create another group of consumers to buy our stuff but methinks it got turned around and now we are buying more of their worthless junk than they are ours. Trade deficits everywhere. Places such as China, Israel, India and Pakistan don't exactly share our views on humanitarianism and free trade.
Capitalism is on the decline and soon to be as dead as the Caribbean monk seal.
Well, your first part is absolutely correct. Two reasons. 1. Individually and as a nation we've amassed towering debt while may other countries saved. 2. We have successfully transitioned into a service economy instead of a manufacturing economy. That translates into no product to sell overseas. Hence, our trade imbalance grows.
As for Capitalism, it is by definition an economic system based on the private ownership of the means of production and distribution of goods. So it's neither in decline nor facing death. It is, in fact, gaining ground. The bulk of employment is through small business. About 70% if I remember the numbers correctly. Look at any strip mall at all the mom and pop businesses and you'll see capitalism is very much alive. It's even gaining a foot hold in China of all places as a prospering middle class is starting to flourish based on privately owned business. Quite a change for a communist state.