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Do you know why America and the rest of the world is hurting so much.
Teala
Member RarePosts: 7,627
Because everyone was screaming that the US economy was growing to fast a couple of years ago. Why? That is so frakking stupid. Let it grow...instead now it is stagnating and people are loosing their jobs. As for the rest of the world....it follows the US. WE might as well face it. We are one world. We all need each other and if one of us falls...we all fall. It is time for the world to wake up and throw the bastards that did this to us out on their butts.
Comments
I still believ this was all staged.. yes planned.. we had been warned about this for years. Now it happened. We were told over 10 years ago that they would stage a man made economic disaster in order to push the US into the world bank ..
Yes I believe this as well, but I recall the so called experts and pundits really ratcheting up a call for the US to slow down its economic grow the last couple of years. Well they did it. Now look at where we are at. The US economy is going down the tubes so fast - it is literally teetering on total collapse.
Well.. since all the warnings didn't change anything, all the argueing and the complaining .. guess you laugh, cry or die now .. I am still laughing so it's okay. Throws humor instead of money at it :
"This year, taxpayers will receive an Economic Stimulus Payment. This
is a very exciting new program that I will explain using the Q and A format:
Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to taxpayers.
Q. Where will the government get this money?
A. From taxpayers.
Q. So the government is giving me back my own money?
A. Only a smidgen.
Q. What is the purpose of this payment?
A. The plan is that you will use the money to purchase a high-definition TV Set, thus stimulating the economy.
Q. But isn't that stimulating the economy of China?
A. Shut up.
Below is some helpful advice on how to best help the US economy by
spending your stimulus check wisely:
If you spend that money at Wal-Mart, all the money will go to China.
If you spend it on gasoline it will go to the Arabs.
If you purchase a computer it will go to India.
If you purchase fruit and vegetables it will go to Mexico, Honduras,
and Guatemala (unless you buy organic).
If you buy a car it will go to Japan.
If you purchase useless crap it will go to Taiwan.
If you pay your credit cards off, it will go to bank management
bonuses and they will hide if offshore. Same with stock investment.
Instead, you can keep the money in America by spending it at yard sales,
going to a baseball game, or spending it on prostitutes, beer and wine
(domestic ONLY), or tattoos, since those are the only American
businesses still operating in the US
Works for me! Listen to her....help the american economy!
eh me personally i always use locally owned buisnesses whenever possible, always support the little guy so long as the quality justifies it.
I really avoid like hell to shop at walmart and such.
98% of the teenage population does or has tried smoking pot. If you''re one of the 2% who hasn''t, copy & paste this in your signature.
On a more serious note though, I think they should let the "big business" close.. yup kick em in the arse on the way out too!
What i hope comes from this was what made America strong in the first place, no it wasn't walmart .. it was our independence, we did for ourselves. The "walmarts" of this country are like giant paracites bringing us down. My father was layed off from his day job, luckily he has hobbies. He is using those hobbies now to survive. We are not a nation that lays down and takes it. We are not a nation that sits at home and waits on responses to their resumes.. no do something yourself, use your own abilities to their fullest to make your own way in life, that is what made us strong and will make us strong again. So many these days forget what they can do for themselves and act like a bunch of sissies when things get tough, well this may be just what we need to make us toughen up a bit. Stop depending on others.
No it is not.
I will try to explain what happened.
First of all you need to know how the banking system works.
There are 2 ways in which banks make money.
1) Relying on the deposits and profits the banks make from their customer base.
This way is safer because the banks use money they own, but it is also less profitable and it is very difficult making huge profits in short time.
2) Borrowing money from other banks and the central bank.
With this system, banks use to borrow huge amount of money from other banks in order to finance a large amount of loans to their customers, which was mainly used to create mortgages.
You understand that this is an high risk business, but unlike the safer one, profits come fast and in huge numbers.
Now you need to keep in mind that the biggest banks in the world, which coincidentally are from US and UK (the countries most hit by the crysis), well those banks all use the system number 2, and that's one of the reason why they became the biggest banks in the world.
They used money they never had in the first place to make huge investments.
To Economic analyst though, it was clear that although this kind of system was very profitable, it would have caused big problems in the long term, because in order to keep paying the ever increase amount of money the banks borrow from each other, they had to offer loans and mortgages to people who didn't have enough financial solidity to guarantee they would return the money.
Fast forward 1 year ago.
It all started in the US as we all know.
Keeping in mind what I just said, about banks having to lend to people who had poor financial solidity, enters the sub-prime mortgages.
Those are mortgages issued by banks to people who couldn't really afford one.
So in short what did happened is that, the banks that relied almost entirely on this kind of business were the first to be hit, usually those were bulding societies,
And the reason why they got hit so hard was because the customers couldn't afford to pay the mortgage anymore.
In fact those people shouldn't have been offered a mortgage in the first place, because they couldn't afford it.
Because the banks didn't get the money back from their customers, the same banks couldn't afford to pay the money they borrowed from other banks.
Some of those banks collapsed and with them all the debts they owned to other banks were written off, causing big losses to all major banks, which are all connected to each other.
What happens now is that the banks basically stopped to lend money to other banks and the financial system is basically paralysed.
There is far less liquidity on the markets because banks do not lend to business, they cut the number of mortgages they approve and they lend less to their customers, simply because they cannot borrow enough money from other sources in order to finance a huge number of loans.
So basically now normal people and business have huge problem to get any credit from the banks and the economy stalled.
People do not have enough money to buy goods (cars in primis), and business do not have enough money to invest in their business.
What all the governments are trying to do is to bail out banks by injecting money into them, so they can pass it to the financial market.
At the moment banks are still caucious though, and we haven't seen too much of a difference.
It will take time to see if it works.
The crysis will end once the banks start to lend money like they used to, until then the crysis will remain.
It was pretty obvious the banks were looking for trouble, and that's exactly what they got, and unfortunately they fucked the whole economy too.
It isn't something staged, it was just an accident waiting to happen.
First of all I understand the banking system very well, I understand what happened very well, and there were people warning of this the whole way. Our government actually caused this, now people are turning to those who crashed the car to fix it. Why did home prices rise so much? Remember what happened in the 80's ? Some states put safety measures in place to keep this from happening, other states did not. The push for subprime mortgages, the lack of regulation on these lenders coupled with our very own government forcing banks to meet their quotas for subprime caused this man made mess. Yes this was all staged, they knew very well what would happen here. Our new president actually sued banks for not making enough of these loans, The clinton administration actually called them and asked them to make more loans. Not all banks jumped on this band wagon, but because they were able to convince so many to actually do this they pulled in everyone that was not responsible for this down with them as well.
Yes there were people telling us this is what they were doing along the way, people just chose not to listen.
Exactly but unlike what you think, it wasn't staged on purpose, and it wasn't political.
As I explained in my previous post, it was all down to pure greed.
Bank who uses only their own capitals could make 1 billion profit
Bank borrowing money from other banks could make 10 billion profit
Now if you are a Bank CeO which system would you use?
Exactly.
They knew it was risky, but it was worth the risk, at least that's what they thought.
Trust me nobody else pushed them to lend more, no one can push the banks to do anything if they don't want to.
Look what is happening now, governments are bailing out banks, do you think the banks are are approving more loans because the government say so?
No.
What they did was the banks decision only, and it was based on pure greed.
What you were saying that governments didn't put any rules in place and chose not to listen is obviously true, but that's more for fear of slowing the economy down rather than orchestrating some kind of world economy crysis for some kind of hidden agenda as you put it.
If the US would have issued laws to regulate their banking system, UK banks or EU banks would have took over your business, so unless all the world governments put some common rules in place, regulate only the US market wasn't an option.
Also as I said before, it wasn't only the US banks doing this, all the major banks in the world were into that.
So it was the entire global economy who were playing that game, not just the US, and that's why the crysis is global and didn't hit only the US.
Im sorry but I refuse to believe that people who are having/have had trouble with their mortgages are responsible for this mess when the top 1% in this country own nearly 40% of the wealth. Even the vaguest notion in this direction is purely ridiculous.
Hope you got your things together. Hope you are quite prepared to die. Looks like we're in for nasty weather. ... There's a bad moon on the rise.
BS that it wasn't staged and that it wasn't political.. that is a load of scooped up horse poo! Bank of America was always catching hell for not doing enough of these loans.. and who did the FED's call and beg to buy Merill Lynch? Did Bank of America want to buy them? NO! Did they try to get out of the deal? YES! The government begged them not to. BAnk of America was the most successful bank in this country and they did not curve their lending practices no matter what pressure was put on them to do so. They did not get themselves into this mess the FED's forced them to intervene. DID they try to refuse the bailout money? Yes, sir they did. The Feds told them they didn;t have a choice in this matter. You see... even the banks that were not responsible for this mess were pulled down with the sinking ship that our very own government shot holes all in. This was not just banks decision, you see they were sued and faced harsh penalties for not doing these loans our government said they had to.
Do you watch CSPAN? did you hear what was said during the freddie and Fannie hearings? Not only did our politicians attempt to cover this up by saying there was not a problem, they actually called banks and made them do these loans. Sure someone who was not paying attention to what was actually going on might buy that poo on a platter, but for those of us who actually pay attention to what our leaders are doing know better than that. Look at where Pelosis money is , look at Kennedys finances.... Their financial records speak for themselves. They would like you to believe that it was the banks when in reality it was our politicians forcing their hand that caused this mess.
Yup, those who hate America, through envy, hate themselves. If you sit there and enjoy when America fails, then you prefer watching another man's misfortune than seeing yourself do well.
Schadenfreude FTL.
fishermage.blogspot.com
Sorry but your post is a bit confusing and in some place contraddicting
Also the fact you are quoting there happened after the crysis, It has nothing to do with the reasons why the crysis happened in the first place
I don't understand the point you are trying to make.
In your first post you said that this crysis was staged for a reason.
I clearly explained to you that the crysis is only due to the banks greed and I think I explained it clearly enough.
And if you understand economics you will agree that on a financial point of view the practices the banks used, although higly risky, were also highly lucrative.
That's why they choose that path, nobody forced them to do it, it is the way global financial market works.
The US government got nothing to do with it.
They are getting involved now, because they are bailing out the banks, therefore they have the right to tell them or suggest them what to do.
Before it wasn't the case.
Of course now the governments are pushing the banks to release more loans, and the reason why I explained it to you in a previous post.
The economy need banks to lend money in order to get back on its feet.
The banks don't lend money = the economy will stagnate
So if you still want to insist there was some kind of conspiracy behind all this, would you mind to explain a little bit more clearly how we got to this point, possibly quoting facts that happened before the crysis, not after?
I am talking before the sub-prime mortgage issue, which was the start of it all.
Are you talking about the central banks owned by the Rothschilds? Make divisions amoung the world to make 4 different unions so it would be easier to control into a world order? If so your on the ball. Why do you think we had the great depression? What happened after wards? The Federal Reserve.
Are you talking about the central banks owned by the Rothschilds? Make divisions amoung the world to make 4 different unions so it would be easier to control into a world order? If so your on the ball. Why do you think we had the great depression? What happened after wards? The Federal Reserve.
The Fed was created in 1913. The depression started anywhere from 1929 to 1932. Were the Illuminati engaging in time travel?
fishermage.blogspot.com
Do you know what a sub-prime mortgage is?
There are people who can afford paying their mortgage, this category is not the problem.
There is also another category of people who theoretically cannot afford to re pay a mortgage.
The mortgages offered to those kind of people were called sub-prime, and they were highly risky.
In order to finance all those sub-prime mortgages, "X" bank had to borrow money form "Y" bank.
As expected by most, many of the people who obtained a sub-prime mortgage couldn't afford to repay the mortgage.
So what happened is that "X" bank could not repay the debts to "Y" bank.
"Y" bank stopped lending to "X" bank which went bankrupt because it didn't have enough of its own capitals to cover debts and make further investments.
All the money "X" bank owned to "Y" bank were written off, resulting in a huge loss to "Y" bank, which as a result, now stopped to lend to every other bank.
So now all the banks have to rely on their own capitals only, and the loans to business and citizens have been frozen, because of that.
That's why the economy is in recession...........people cannot get credit and have no money to spend, and companies cannot get enough loans to run their business.
Yes it all started by banks giving mortgages to people who could not afford it, everything else went down like a domino effect.
there are people who believe that socialized medicine works, as they close their eyes to the fact that wherever it has been tried it is rapidly balooning in cost and slowly but surely taking over every government budget because of it.
No, I see no conspiracy, only the failure of socialism in mortgage lending. Government needs to get out of the business of telling people what risks are acceptabe, and get out of the business of backing bad risk, no matter how good their intentions are.
It's not a conspiracy when people openly agree that something is a good thing, yet ignore the negative consequences.
fishermage.blogspot.com
That is exactly what I am referring to. And now that our government is the major stockholder in every bank left in America they can easily control what happens next ...
Sorry but your post is a bit confusing and in some place contraddicting
Also the fact you are quoting there happened after the crysis, It has nothing to do with the reasons why the crysis happened in the first place
I don't understand the point you are trying to make.
In your first post you said that this crysis was staged for a reason.
I clearly explained to you that the crysis is only due to the banks greed and I think I explained it clearly enough.
And if you understand economics you will agree that on a financial point of view the practices the banks used, although higly risky, were also highly lucrative.
That's why they choose that path, nobody forced them to do it, it is the way global financial market works.
The US government got nothing to do with it.
They are getting involved now, because they are bailing out the banks, therefore they have the right to tell them or suggest them what to do.
Before it wasn't the case.
Of course now the governments are pushing the banks to release more loans, and the reason why I explained it to you in a previous post.
The economy need banks to lend money in order to get back on its feet.
The banks don't lend money = the economy will stagnate
So if you still want to insist there was some kind of conspiracy behind all this, would you mind to explain a little bit more clearly how we got to this point, possibly quoting facts that happened before the crysis, not after?
I am talking before the sub-prime mortgage issue, which was the start of it all.
The reason it was staged is so that government is now the major stockholder in every remaining bank in the US, this making it easier to steer them in the direction of the world bank. That was the reason this was done .. Bank Of America was not in trouble until the FED made them buy Lynch. There was no reason for them to get Bank of America involved other than to take them over...
Also the subprime issue was all started with the community reinvestment act, which was put on steroids by the clinton administration and then covered up during the bush era, leading to the "bubble" that popped.
I find it hard to believe that these people are smart enough or competent enough to stage something like this -- they certainly aren't honerable enough to keep a secret.
It is much more likely that they honestly believe in bad theories (socialism) and when it fails, they still cling to those bad theories, and merely ramp up what they were originally doing, in the vain hope that THIS TIME their theory will work.
It may be a clear definition of insanity, but it is how people ften behave when their beliefs go badly. They simply can't step out of the faith box they live in.
We should say thank you to the socialist school systems that "educated" all of them.
fishermage.blogspot.com
do you have the list of names of the "foreign investors" that the FED's refused to name? That is who is calling the shots not the puppets we deal with ..
do you have the list of names of the "foreign investors" that the FED's refused to name? That is who is calling the shots not the puppets we deal with ..
No, do you? Those "foreign investors" are probably socialists as well. The west has been red for a long time, at least among "intellectuals."
Either way what evidence do you have they they are "calling the shots?" and what do you mean by "calling the shots?" I'm wiling to believe in any conspiracy as long as people have the facts to back up their theories. The massive ampunt of people one would have to keep silent on this pretty much invalidates any conspiracy theory.
You would think one person would come forward and squeal, as they do in almost every criminal conspiracy. If small, petty criminal conspiracies break down so easily, why believe in a massive, world-wide one?
Basically you are claiming that the entire congress and everyone at the Fed and at treasury is in on it.
I feel it is much more likely that this has been caused by ignorance, incompetence, and well-intentioned social engineering than by some secret conspiracy to rule the world.
fishermage.blogspot.com
Marryl Lynch was about to go bust, because of the crysis.
What the government did was to try and save the company by asking Bank of America to buy it.
Do you know how many jobs would have gone, and how much collateral damage would have done the collapse of Merryl Lynch?
This is not anything alien to other markets.
In UK we had a couple of banks who were "advised" to do the same and so they did.
They healthiest banks bought the most indebitated ones.
If the US had an agenda, then also the UK and France and Germany had an hidden agenda, which I find unlikely.
Those are particular times and obviously governments and financial institutions use extreme measure to stabilize the economy, sometimes failing at it.
About the sub-prime issue, I believe what the Clinton administration was trying to do was to give a roof to everyone, even the poorest ones.
I do not believe pushing sub-primes was done in order to create a financial crysis.
I think it was done for a social cause, although as we all know now it was a huge mistake.
I think it was a huge mistake fom the US government to think that everyone could afford a home, and it was suicidal for banks to focus massively on that market.
I don't think there is anything really malicious in all this, just the governments and banks being really naive.
"Marryl Lynch was about to go bust, because of the crysis.
What the government did was to try and save the company by asking Bank of America to buy it.
Do you know how many jobs would have gone, and how much collateral damage would have done the collapse of Merryl Lynch?"
I happen to know they did a hellofalot more than ask.. Bank of America wanted out , they were told this was not an option, even though they had an opt out in the agreement. As soon as Bank of America realized how bad off Lynch was they wanted no part of it.
This was not a matter of being "advised" lmao .. I know what was said behind closed doors, not what the press was reporting.
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