Author Topic: Dow plunges 700 amid global sell-off  (Read 294 times)

Rugged Monk

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Re: Dow plunges 700 amid global sell-off
« Reply #15 on: October 07, 2008, 02:08:03 AM »
 You do know that people tend to get homes that they can't fuckin' afford...


Exactly thats what i keep saying, but Americans seem to think the market just regulates itself and everything works out in harmony all clockwork like in the magical land of lollipop land...

You can't blame the people for taking an opportunity they normally wouldn't have. It was the banks that gave out loans without checking income levels or doing backgrouch checks. It was the banks that got free money from those who were in over their heads because of the Fair Housing Act, which forced homeowners to pay rather than letting them out and finding someone else. Then the banks turned around and flipped the houses for a profit because of the rising property value.

Homeowners should know about that type of shit, but many were sandbagged into their loan by the banks because they offered them a crazy APR or nothing at all. Many people just wanted to better their situation. It was the fools that were trying to flip the properties for profit, be it the banks or the independent realtors.

Besides, what are the America people supposed to do about the government passing retarded laws? Politicians don't listen to us. They do whatever the hell they want. And you can bet it usually benefits their finances in some way.
It's better for home buyers to save money and down payment that shit without needing bank's loan...also, it's banks fault for even giving loans to someone who can't afford homes...or payments or whatever..

Exactly, people borrow beyond thier means and banks over-lend becuase they want the numbers, that bitch who calls your crib trying to get you chained to another credit card just wants to reach her quota for the day.

Australia and Europe regulate and monitor their banks, why just today, on Australian TV both sides of politics are saying to the banks 'hey bitches, lower your fucking interest rates'. Guess what, Australia ain't headed for a depression though....and the falling dollar may just mean more exports for us!


I love American people and culture without having even visited the country. I aslo understand that the Pentagon and the White House has been waging psychological war on you all but still, I can still blame the American people for being, to some degree, indeed the sterotypical over-privelaged and delusioned dumb fucks your sitcom-TV makes you out to be (although generally more obese).





Your US govt spends trillions and trillions on CIA, maintaining thousands of nukes, space and military shit, yet when it comes to workers or veterans compensation, protecting your fucking southern boarder, decent workers rights legislation, or legal regulations to prevent your corporations from fucking up the world; all your eyes suddenly gloss over and you (and alot of you on this forum too, you know it) find yourselves screaming hysterically 'no big government, no red tape and no regulation! Free our business!, down with socialism!'. Alot of you don't understand, regulation=order and rule of law, thats what it should be about first and foremost and is meant to temper the brutalities, irrationalities and lunacies of the free market, but you still thinking it regulates itself like the magical happy unicorn from happy land....






"..I feel no sympathy.
I repeat, Mohnke! I feel no sympathy!
The German people chose their fate.
That may surprise some people. Don’t fool yourself.
We didn’t force the German people. They gave us a mandate and now their little throats are being cut."

-Dr Joseph Goebbels, Nazi Minister for Propaganda, Der Untergang
« Last Edit: October 07, 2008, 03:24:26 AM by Rugged Monk »
 

Rugged Monk

  • Guest
Re: Dow plunges 700 amid global sell-off
« Reply #16 on: October 07, 2008, 02:20:29 AM »
^just joking on that last quote though, couldnt resist....oh that Goebbels! ..quite a character he was.... :D :P
« Last Edit: October 07, 2008, 03:25:00 AM by Rugged Monk »
 

Turf Hitta

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Re: Dow plunges 700 amid global sell-off
« Reply #17 on: October 07, 2008, 03:40:57 PM »
 You do know that people tend to get homes that they can't fuckin' afford...


Exactly thats what i keep saying, but Americans seem to think the market just regulates itself and everything works out in harmony all clockwork like in the magical land of lollipop land...

You can't blame the people for taking an opportunity they normally wouldn't have. It was the banks that gave out loans without checking income levels or doing backgrouch checks. It was the banks that got free money from those who were in over their heads because of the Fair Housing Act, which forced homeowners to pay rather than letting them out and finding someone else. Then the banks turned around and flipped the houses for a profit because of the rising property value.

Homeowners should know about that type of shit, but many were sandbagged into their loan by the banks because they offered them a crazy APR or nothing at all. Many people just wanted to better their situation. It was the fools that were trying to flip the properties for profit, be it the banks or the independent realtors.

Besides, what are the America people supposed to do about the government passing retarded laws? Politicians don't listen to us. They do whatever the hell they want. And you can bet it usually benefits their finances in some way.
It's better for home buyers to save money and down payment that shit without needing bank's loan...also, it's banks fault for even giving loans to someone who can't afford homes...or payments or whatever..

Exactly, people borrow beyond thier means and banks over-lend becuase they want the numbers, that bitch who calls your crib trying to get you chained to another credit card just wants to reach her quota for the day.

Australia and Europe regulate and monitor their banks, why just today, on Australian TV both sides of politics are saying to the banks 'hey bitches, lower your fucking interest rates'. Guess what, Australia ain't headed for a depression though....and the falling dollar may just mean more exports for us!


I love American people and culture without having even visited the country. I aslo understand that the Pentagon and the White House has been waging psychological war on you all but still, I can still blame the American people for being, to some degree, indeed the sterotypical over-privelaged and delusioned dumb fucks your sitcom-TV makes you out to be (although generally more obese).





Your US govt spends trillions and trillions on CIA, maintaining thousands of nukes, space and military shit, yet when it comes to workers or veterans compensation, protecting your fucking southern boarder, decent workers rights legislation, or legal regulations to prevent your corporations from fucking up the world; all your eyes suddenly gloss over and you (and alot of you on this forum too, you know it) find yourselves screaming hysterically 'no big government, no red tape and no regulation! Free our business!, down with socialism!'. Alot of you don't understand, regulation=order and rule of law, thats what it should be about first and foremost and is meant to temper the brutalities, irrationalities and lunacies of the free market, but you still thinking it regulates itself like the magical happy unicorn from happy land....






"..I feel no sympathy.
I repeat, Mohnke! I feel no sympathy!
The German people chose their fate.
That may surprise some people. Don’t fool yourself.
We didn’t force the German people. They gave us a mandate and now their little throats are being cut."

-Dr Joseph Goebbels, Nazi Minister for Propaganda, Der Untergang


you might be surprised how many real life Americans agree with everything you said and do not fit the stereotype. The problem for people who would like to change things know we're powerless. Greedy, power-hungry corporations run the country. Democracy aint shit in America. Its more of an illusion to passify the aforementioned idiotic masses than anything.
« Last Edit: October 07, 2008, 03:43:24 PM by Turf Hitta »
 

Rugged Monk

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Re: Dow plunges 700 amid global sell-off
« Reply #18 on: October 07, 2008, 04:51:41 PM »

you might be surprised how many real life Americans agree with everything you said and do not fit the stereotype. The problem for people who would like to change things know we're powerless. Greedy, power-hungry corporations run the country. Democracy aint shit in America. Its more of an illusion to passify the aforementioned idiotic masses than anything.

I know, just venting. Sad state of affairs, I got a feeling its gonna get even more dog eat dog over there, thats why yall should start aiming towards individual sustainability, get a water tank to catch the rain water, get some firearms, get some solar panels on your roof, fuck the rims and furs, the Amish don't give a fuck for economic depression...
 

Low Key

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Re: Dow plunges 700 amid global sell-off
« Reply #19 on: October 07, 2008, 06:17:21 PM »

you might be surprised how many real life Americans agree with everything you said and do not fit the stereotype. The problem for people who would like to change things know we're powerless. Greedy, power-hungry corporations run the country. Democracy aint shit in America. Its more of an illusion to passify the aforementioned idiotic masses than anything.

I know, just venting. Sad state of affairs, I got a feeling its gonna get even more dog eat dog over there, thats why yall should start aiming towards individual sustainability, get a water tank to catch the rain water, get some firearms, get some solar panels on your roof, fuck the rims and furs, the Amish don't give a fuck for economic depression...

Already way ahead of you.

But that's quite generalization about rims and furs. A better example of wasted money would be fast food and electronics. I couldn't even believe there was a queue out the door for a cell phone released by Apple, or the hour long wait at the new fast food place in a neighboring city a few miles away from me. It's insanity.