You owe 145 thousand dollars

fstop · 2005-08-28, 01:09 AM

http://abcnews.go.com/US/wireStory?id=1073754

How do you think this will affect our business?

Jeka · 2005-08-28, 02:11 AM

Here in Germany every person only owes about $22k

total: € 1.400.000.000.000 :/

SirMoby · 2005-08-28, 08:34 AM

Time will tell.

In 2000, the richest 2% of Americans owned as much as the poorest 95% and that's really about average with industrial nations. Since Dubya took office that has changed from the richest 1% now owns as much as the poorest 98% which is far higher then any other country.

Huge debt, fighting wars for profit, moving full time workers to part time and attacking civil rights will all hit the economy hard. Probably right after the next election. Even though every fact will point to a terrible thing happening the news stations will keep telling us things are fine. Lucky for our leaders Americans are one of the most poorly educated industrial societies.

The economy won't affect the business that much. When people have money they buy everything but when people don't have money they don't spend $100 at bars trying to get laid every Friday night. Instead they spend $20 a month and rub.

ecchi · 2005-08-31, 05:38 PM

The worry is that George W. is gambolling with your economy. While things go on as they are his policies keep America's economy going, and going well. But it will only take one small problem (eg. if the Asian banks begin to worry that the cost of "clearing up" after the hurricane is going to cost more than the government can afford, and so stop that line of credit) and the entire economy comes crashing down. Then it will be "welcome back to the 1930's".

The most popular theory outside the US is that George W. Is hoping that the crash will not happen until after his term in office and that history will say that things went well while he was president but after him things went pear shaped.

Personally I don't think he is that clever, but either way most economists think a crash is now unavoidable, and since America is the largest economy in the world, when she dies the rest of the world will follow.

Now is the time to save your money in crash proof commodities. Me, I got most of my savings invested in the company that owns the backbone of the British communications network (telephone and Internet), I feel that if that goes we really will be in the dark ages, so it is most probably safe until the point where nothing is left.

SirMoby · 2005-08-31, 09:39 PM

Katrina will have a major impact and probably speed up the crash by a year or so. There are other major factors that could destroy our economy. A war with Iran or China finally decided to spank Taiwan could all cut off credit line.

I don't think he's concerned with what people will say as Americans forget quickly. Once banks start foreclosing on homes across America and oil companies more openly make policy the family that started it all will be considered royalty amoung the elite.

2005-08-28, 01:09 AM	#1
fstop Internet! Is that thing still around? Join Date: Aug 2005 Posts: 8	You owe 145 thousand dollars http://abcnews.go.com/US/wireStory?id=1073754 How do you think this will affect our business?

2005-08-28, 02:11 AM	#2
Jeka My wife is not a doobie to be passed around! On our wedding day I promised to bogart her for life! Join Date: Jul 2004 Posts: 275	Here in Germany every person only owes about $22k total: € 1.400.000.000.000 :/

2005-08-28, 08:34 AM	#3
SirMoby Jim? I heard he's a dirty pornographer. Join Date: Aug 2003 Location: Washington, DC Posts: 2,706	Time will tell. In 2000, the richest 2% of Americans owned as much as the poorest 95% and that's really about average with industrial nations. Since Dubya took office that has changed from the richest 1% now owns as much as the poorest 98% which is far higher then any other country. Huge debt, fighting wars for profit, moving full time workers to part time and attacking civil rights will all hit the economy hard. Probably right after the next election. Even though every fact will point to a terrible thing happening the news stations will keep telling us things are fine. Lucky for our leaders Americans are one of the most poorly educated industrial societies. The economy won't affect the business that much. When people have money they buy everything but when people don't have money they don't spend $100 at bars trying to get laid every Friday night. Instead they spend $20 a month and rub.

2005-08-31, 05:38 PM	#4
ecchi Banned Join Date: Oct 2003 Location: About to be evicted!!!! Posts: 4,082	The worry is that George W. is gambolling with your economy. While things go on as they are his policies keep America's economy going, and going well. But it will only take one small problem (eg. if the Asian banks begin to worry that the cost of "clearing up" after the hurricane is going to cost more than the government can afford, and so stop that line of credit) and the entire economy comes crashing down. Then it will be "welcome back to the 1930's". The most popular theory outside the US is that George W. Is hoping that the crash will not happen until after his term in office and that history will say that things went well while he was president but after him things went pear shaped. Personally I don't think he is that clever, but either way most economists think a crash is now unavoidable, and since America is the largest economy in the world, when she dies the rest of the world will follow. Now is the time to save your money in crash proof commodities. Me, I got most of my savings invested in the company that owns the backbone of the British communications network (telephone and Internet), I feel that if that goes we really will be in the dark ages, so it is most probably safe until the point where nothing is left.

2005-08-31, 09:39 PM	#5
SirMoby Jim? I heard he's a dirty pornographer. Join Date: Aug 2003 Location: Washington, DC Posts: 2,706	Katrina will have a major impact and probably speed up the crash by a year or so. There are other major factors that could destroy our economy. A war with Iran or China finally decided to spank Taiwan could all cut off credit line. I don't think he's concerned with what people will say as Americans forget quickly. Once banks start foreclosing on homes across America and oil companies more openly make policy the family that started it all will be considered royalty amoung the elite.