It's May 21, 2024, 09:53:29 AM
yall acting like your gonna get fired from your job tomorrow cuz of this...yall need to chill
So what did the bailout do again? I mean, aside from raise my taxes.
You do know that people tend to get homes that they can't fuckin' afford...
Quote from: pc8381 on October 06, 2008, 11:25:40 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...
...where does the money ever go to for that matter?
Quote...where does the money ever go to for that matter? The whole thing is so fucked. Our whole society is based on virtual wealth. When the stock market lost 1.2 trillion dollars last week, it literally disappeared. It's not physical at all. Usually when someone loses money, someone gains. Like if I lose my gold bar, someone gains a gold bar. Not in our world! When the stock market loses money, it vanishes, and is replaced with new virtual money when it goes back up. Our society, based on money, an invention of man, is controlled by numbers on a blinking screen. No physical proof it exists, no piles of gold backing it up, just meaningless numbers on a screen. And why does the market go down? No reason at all, other then "investor confidence". How could something, so important, be completely run by the emotions of the super rich. And how the fuck did every stock exchange on THE PLANET, lose trillions at once. How can something be lost, but not gained by anyone. No one gained money, but a shit load of people lost it. It's such a fantasy. Our society is literally based on nothing. Maybe if their was 10 trillion pounds of gold sitting in some mountain, insuring it all. But no, it's completely arbitrary. How could the whole world be in a recession? It's all we have! And nothing actually happened. Did a meteor just hit the planet, take 10 trillion dollars of our worlds wealth and take it to the Moon? Where did it do? Did it even exist in the first place? Does anyone benefit. How can the entire planet be heading into a recession? It makes absolutely no fucking sense. Did the amount of food get cut in half? Did we just run out of fresh water? Nothing tangible changed. Nothing we need to survive changed. The only thing that changed is people's feelings on a invention of mankind. Let's go back to gold. Something with actual meaning. Something with a limit. We have a set amount of gold, and thus a limited wealth. Right now, we have an unlimited wealth. A person can own more money, then actually exists in all the banks in the world. I guess they'll just have to print more. It's so absurd everything in our lives depends on little pieces of paper the government gives us. It's only worth something, because the government makes it worth something. And when the government wants some back, it taxes us, and lowers it's value! We are pawns to a virtual system of meaningless wealth. Society is fucked. Capitalism is fucked. The free market is fucked. It's all fucked. How can the US be in 10 trillion dollars of debt? What about when China wants it's non-real money back? They can't take something that has no physical value.
Quote from: Rugged Monk on October 06, 2008, 11:32:57 PMQuote from: pc8381 on October 06, 2008, 11:25:40 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.