What is the time period of economic crisis?

by masteris009 » Mon Dec 15, 2008 04:07 pm

How much time the Economy will take to recover? what do you say about this?

Total Comments: 4

Posted: Tue Dec 16, 2008 01:54 am Post Subject:

I say you'd better read the terms of use...and put these types of posts (if you MUST post them) in the pub...(which is where I'm moving this one) how on earth did you figure this had to do with auto insurance?

Honey, please be careful not to appear as those you are posting one line threads in an attempt to make money on this forum...people that do that are found out quickly and banned...feel free to pm me with any questions.

Posted: Tue Dec 16, 2008 10:11 am Post Subject:

How much time the Economy will take to recover? what do you say about this?



Well, it'd very hard to describe how long the economic crisis is going to continue. It may last for next few months or may continue even in the coming few years, depending upon the steps that the economic gurus along with the government are going to take. However, since the govt. couldn't come-up with a definite plan to overcome this funk as yet, other than bailing-out the sinking Wall Street by printing dollars, the meltdown is likely to continue even in the New Year but for how long, who knows :roll:

Posted: Wed Dec 17, 2008 04:36 pm Post Subject:

masteris009,

The USA economy for decades has been fueled with credit NOT capital.

I sit back in amazement and watch our fearless leaders scratch their heads in dismay as to why, no matter what they do, nothing works.

This is because they are out of touch with reality.

Recklessly loaned out and borrowed fiat money NOT being paid back has to be DESTROYED. So the collapse of Wall St. serves that purpose EXCEPT it destroys "other" peoples money who had nothing to do with these reckless loans.

Then, Bush, Obama, Paulson, Bernacke, McCain and Pelosi want to print more money and loan it out to giant corporations (the USA auto industry) whose very existence is predicated on people going in debt up to their eyeballs to buy overpriced and sub-quality cars.

There's even an insurance market for this stupidity called GAP insurance.

Now let's try to put this all together:

Normal people who just lost 25% to 40% of their life savings are not exactly eager to go into more debt to buy over priced items they don't need. They are already in debt up to their eyeballs. Does the Gubment want them in debt well over their heads also?

The new car, the 3rd big screen TV, the new boat, the new boobs, the fabulous vacation, the over priced wedding will just have to wait as you'd have to be dumber than a box of rocks to further bury yourself with more debt at this time.

The way our government fixes all things is to throw money at it. They have that luxury since they can print all they need.

I believe the Indentured Servants of America are finally waking up to the realities of 4th grade math and the fact you can't get out of debt by borrowing money nor can you borrow yourself into prosperity.

So when will this be over?

When capital replaces credit as currency.

Posted: Thu Dec 18, 2008 12:41 pm Post Subject:

I often wonder why people start threads and then don't participate in their own threads?

Why is that?

A basic understanding of *fiat money and 4th grade math is all one needs to know about the current problems facing America.

But not ALL of America has problems, just certain sectors, that rely on *fiat money.

Until the day comes when Walmart's parking lot is empty AND you don't have to wait in line for 20 minutes at MickyD's on a Sunday morning AND Disney over in Orlando has to close its doors, I wouldn't be too concerned.

But I must say I am amused that Chris Cox and the SEC's answer to the Bernard Madoff's of Wall St. is the adoption of SEC rule 151A.

Well I don't blame Mr. Cox, after all, the insurance industry has been making fools of Broker-Dealers and their certified clueless clown Registered Representatives for years.

But the party is not over...
Let the lawsuits begin!

*The terms fiat currency and fiat money relate to types of currency (USA dollars) or money whose usefulness results not from any intrinsic value or guarantee that it can be converted into gold or another currency, but instead from a government's order (fiat) that it must be accepted as a means of payment.

A check issued (loan) by the government of the United States of America can't bounce. That's how they can provide $115,000,000,000 dollars to AIG, it's phony money.

Wake up Amerika!

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