(Untitled)

[averyisle]

Many seem to fail to recognize what our economy has been doing:

• Starting around april 2007 - the sub-prime loan scandal drops the anchor on our steadily rising money market.
  • credit crunch is estimated to cost $50 -$100bn
• from then until october 2007 - we basically arrived at the top of the first drop of the roller coaster.  Everything stalled as we

Comments

[averyisle]

the thing is that it's almost a black and white thing: when the government cannot afford to bail out the next supernova -> black hole company that's when the tightrope walker falls. The gray area lies in foreign investor's confidences. We run at a deficit every year (the same way someone pays only the interest on their mortgage because the equity is steadily increasing), but we turn over so much goddamned capital that the rest of the world sees us as a good place to turn their money into more money. We produce nothing. We simply turn capital into more capital via banks or stocks or intellectual property, but without that initial investment we can't do anything

[meepalope]

I don't understand... i just want my 30 dollars a week... ) :

[averyisle]

haha i like to look at all of this an fantasize about the world i disagree with finally turning its evil on itself. You don't have to think about it if you don't want to. But if you don't, it might be a little more confusing when it arrives

[meepalope]

well, i'm pretty thoroughly confused now so i'll just imagine that it can't get much worse.