United States economy doomed …

[Seatacus]

crime will also begin to rise as desperation becomes widespread ...

People were pretty desperate during the depression. Do you know what the crime rate was back then?

 

[freedom]

i dont know what the crime rate was back then , and i suspect you would be comparing apples to oranges with today's and yesteryears societies ... i think those were the days when people didn't lock their front doors and everyone went to church ....

these days , if i were to suddenly become homeless and i knew i'd be that way for awhile , i'd have no moral compunction about breaking into one of the many unlived in homes here in AZ and taking up residence ...

http://www.istockanalyst.com/article/viewa...ticleid/2916684



check out that link , i like the author , he reminds me of me but he speaks the language of economics more fluently than i do . i'd say the only difference between the two of us is that he still believes some sort of correction can still occur to SAVE the system .. the system is dead , we will have to start a new one .

 

[Seatacus]

i think those were the days when people didn't lock their front doors and everyone went to church ....

Then do you think going to church is a good thing?

these days , if i were to suddenly become homeless and i knew i'd be that way for awhile , i'd have no moral compunction about breaking into one of the many unlived in homes here in AZ and taking up residence ...

Why not just be a squatter in the home you're in now?

 

[freedom]

Then do you think going to church is a good thing?



Why not just be a squatter in the home you're in now?

i think church is a very good thing ...


As to being a squatter where i'm at now . that's defentely something i'm considering , but i've also got in mind a new place to live , some fancy bank owned condo's not to far away .... ideally i'd try to squat in both locations and make it appear as if i live in the two places ..but ah , who knows ... it could simply be too dangerous living in the main city areas ... of course this type of talk is nowhere near our current time ... maybe in 6 or 12 months this could be more of a reality than today ... so until then i'll have to continue to pay rent and what not ...

 

[Rogue Rat]

Enabling these idiocies is one thing but to allow the encouragement of criminal activities is wrong.

 

[freedom]

i assume your talking about credit card defaulting ....


what you call crime i call SURVIVAL ... survival for poor people ...it won't be the doctors and lawyers following my advice , but the poor SOB making 7.50 an hour who can barely make ends meet ... and what i'm telling them is the RIGHT thing ... might as well spend the farm , because if you don't it's going to burn down no matter WHAT you do ...

you cannot stop the credit derailment train... this economy is about to go FUBAR .. smoke it if you got it .. if you have unsecured credit , blow it all , every last dollar , because it's just going to evaporate if you don't .

i suggest you read the link i posted in the last page , very informative into how i think , except he says it better and is slightly more optimistic than i am ..

 

[Rogue Rat]

i assume your talking about credit card defaulting ....


what you call crime i call SURVIVAL ... survival for poor people ...it won't be the doctors and lawyers following my advice , but the poor SOB making 7.50 an hour who can barely make ends meet ... and what i'm telling them is the RIGHT thing ... might as well spend the farm , because if you don't it's going to burn down no matter WHAT you do ...

you cannot stop the credit derailment train... this economy is about to go FUBAR .. smoke it if you got it .. if you have unsecured credit , blow it all , every last dollar , because it's just going to evaporate if you don't .

i suggest you read the link i posted in the last page , very informative into how i think , except he says it better and is slightly more optimistic than i am ..

Your assumption as well as your opinions are the idiocies I was referring too.

Whether you call it survival or not is irrelevant it is still breaking and entering and it is a crime.

 

[Seatacus]

what you call crime i call SURVIVAL ...

I think you read Lord of the Flies one too many times.

 

[freedom]

Your assumption as well as your opinions are the idiocies I was referring too.

Whether you call it survival or not is irrelevant it is still breaking and entering and it is a crime.

if it were your family that became homeless then i'd love to see how fast you flip ... "daddy , why do we have to live on the street in the cold when there's housing development down the road that has all those vacant homes that no one lives in ? "

you see where i'm going mentally , you don't join up until your forced too ... it's like that saying about the holocaust with the Nazi's coming for people .. you don't care because it's not you .... but when it finally is you , then you care .

 

[Rogue Rat]

I will enable this fool no more and urge everyone else to refrain from doing so.

Ramble on for I will not ever visit this non-sense doom and gloom again.

My time is more important than debating the idiocies that hypocrites like you promote.

 

[UAL_TECH]

Credit crisis: 'The worst is over'

Steve Forbes, the publisher of Forbes magazine

B) xUT

-------------------- Edit -------------
DTD: Wednesday, 29 October 2008 ...

 

[UAL_TECH]

Optimism is the cure for the downturn

Viewpoint
By Sir David Tang
Entrepreneur

Excerpt:

Pessimism is the most serious cause for the global economic tsunami.

There is an ocean of people who are now feeling so depressed that not only have they become resigned to the fact that they are in deep trouble, but they have told everybody else that they are also in deep trouble.

Pessimism has an uncanny knack of being self-fulfilling.

It is only with a sense of optimism, preferably accompanied by a sense of energy and laughter, that we will be able to pick ourselves up from a broken Humpty Dumpty

B) xUT

 

[southwind]

if it were your family that became homeless then i'd love to see how fast you flip ... "daddy , why do we have to live on the street in the cold when there's housing development down the road that has all those vacant homes that no one lives in ? "

you see where i'm going mentally , you don't join up until your forced too ... it's like that saying about the holocaust with the Nazi's coming for people .. you don't care because it's not you .... but when it finally is you , then you care .

Your Democratic government gave those people a chance to own their own home, i.e. Acorn, Clinton , "The imfamous Barney Frank" and last but not least Freddie and Fanny, and those people took advantage of the opportunity they were given and bought more house,i.e. interest only loans, than they could afford.......................which in turn led to the current predicament we are "ALL" facing right now!.....................no sympathy here.............sorry ! :blink:

And does it really matter? With Obama in office everyones mortgage will be taken care of and an Xbox in every house !

 

[delldude]

Your Democratic government gave those people a chance to own their own home, i.e. Acorn, Clinton , "The imfamous Barney Frank" and last but not least Freddie and Fanny, and those people took advantage of the opportunity they were given and bought more house,i.e. interest only loans, than they could afford.......................which in turn led to the current predicament we are "ALL" facing right now!.....................no sympathy here.............sorry ! :blink:

And does it really matter? With Obama in office everyones mortgage will be taken care of and an Xbox in every house !

SW...I was leaning that way but have come to the conclusion that a lot more were asleep at the wheel.

Sure...Carter signed the act in the 70's and it lay dormant for the most part.
Clinton got in and started pushing the program.
Fannie and Freddie leaned on the banking industry ala Acorn.
The banking industry went absolutely unchecked.
W furthered the program.
Question/warnings were asked by GOP which was dissed on party line voting.
Greed and lack of discipline in banking again went criminally unchecked tenfold.
Humpty Dumpty fell off the wall that had been crumbling underneath him with virtually no one noticing.
My point is so many of both parties,industry wonks,citizens and such were so far involved and not concerned until it hit the fan.Then everyone on all sides was terribly shocked.
But also,globally...unchecked credit principles in just about every country on the planet started to go down when it rolled across the pond.
Now we pay the price...globally.

 

[southwind]

Checkmate ..................and understand that this has been an escalating problem through the years, but no one insisted people buy a $300,000 house on a $40,000 a year income ! :blink: