rep kanjorski:550 bil$ electronic bank run

Discussion in 'Financial Cents' started by Tango3, Feb 8, 2009.

  1. Tango3

    Tango3 Aimless wanderer

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  2. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

    Very interesting video. All should watch and listen to the entire thing. It will let you know exactly how fast this thing can unravel.
  3. SLugomist

    SLugomist Monkey++

    "end of our politcal system as we know it". Sounds kind of good these days.
  4. Tango3

    Tango3 Aimless wanderer

    that FDIC raise to $250k stands out in my mind. I remember thinking "big deal", but didn't give it any further thought; Here they were trying to stop a run...
  5. tsiemens

    tsiemens Monkey+++

    The individual in the video never even acknowledges that the woman's idea on tax reduction would do far more than countless bailouts, what a shame.

    But who cares, the governments been run by corporations for many decades now.
  6. SLugomist

    SLugomist Monkey++

    Remember our economy has been reduced to consumerism. A great deal of American citizen are afraid to spend or dont have the means to spend or are smart enough to start saving.

    Apparently since we are a consumerist society, not by the people's choice. Someone has to spend like a trophy wife of an enron executive.

    Our wonderful government has stepped up to do this, to save our economy. They are going to spend all of our tax money, borrow money on future taxes and raise taxes to cover it. In an ignorant attempt to show us the right way to be a "good citizen". You must take out loans, and buy buy buy. Buy things you can't afford to prop up wall street, corporations and the bankers, it's the only way.

    You can't reduce income (taxes) when you can't reduce spending. It doesn't add up and something will have to give to fix that eventually. They are creating a new bubble, whatever it's called we'll find out soon enough, but from here it doesn't look good.
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