Regarding U.S Economy.

[guartz]

There has actually been a lot of buzz from Anarcho-capitalists, minimalists regarding the state of economy and recent socialist movements by U.S government.

Mostly though, it's been a consistent "Ha-ha, told you so".



Carry on.




p.s Stock up on liquor, guns and junk jewelry folks. It could be a bumpy ride.

[Pirian]

Dream on, this isn't the first time something like this has happened and it won't be the last. You think it's bad now? Just wait about 20-25 years

[guartz]

Dream on, this isn't the first time something like this has happened and it won't be the last.

No. I don't think so. Never has there been a recession in america where the government itself was also broke. Also, never has U.S government purposed to nationalize financial institutions.

Correct me if I'm wrong though.

[MisterBob]

We havent had an lolguartz thread in a while.

This one is dumb enough to make up for that, though.

[guartz]

We havent had an lolguartz thread in a while.

This one is dumb enough to make up for that, though.

it's more like lolgovernment.

700billion bailout. Ask where that number came from... nobody knows.

lolgovernment.

[Enkidu]

it's more like lolgovernment.

700billion bailout. Ask where that number came from... nobody knows.

lolgovernment.

From this guy, obviously.

[Beckwin]

yeah guartz, socialists for a long time have been saying how government regulation is necessary and look what happened when we slacked up on it for a bit. terrible.

[Maxxthepenguin]

There has actually been a lot of buzz from Anarcho-capitalists, minimalists regarding the state of economy and recent socialist movements by U.S government.

Mostly though, it's been a consistent "Ha-ha, told you so".

Wow, I never thought it was the anarcho-capitalists who were saying that deregulating the financial markets would lead to abuse on a massive scale leading to market crashes.

[guartz]

Ha. That's right, obviously we need more regulation.

http://www.nytimes.com/2008/09/21/bu...in&oref=slogin

Read Section 8, in particular. That there will fix 'er up for sure, won't it beckwin?

Let's turn this into a real guartz thread though.

It doesn't take a genius to know that people in Washington and big players on wall-street might as well be the same crowd. Not tough to figure out that those same people have access to information you and I don't have or ever will. Doesn't take a genius to know that those same people are virtually never honest with the public either.

So let's take a look at what's been happening in the last 20 years to America. Real wages (purchasing power) has been declining sharply. Debt has been growing astronomically. World is beginning to question American hegemony.

So it's not really a big stretch to say that those same people must know the system is failing, so it's very easy to assume the events in the past 8 years have been really a "take what you can before the whole shit sinks". Like Iraq war for example, it's been a huge drain from the public purse, for the benefit of very few.

[Xavier]

Someone needs to change that Nintendo picture of Iwata and Miyamoto and the DS printing money to a picture of Paulson and Bernanke.

[Pirian]

We've never had a situation like this before. The fact that the government did do this is the reason our economy won't crash now. You can't really compare 1 crash to another because they have different reasoning's. You do make a good troll though, and gotta respect that, kuddos

[Beckwin]

you're linking me the bailout plan as if I implied that I approved of it? hell no; I think the plan is flawed and doesn't create good, transparent regulation so desperately needed right now.

I'm talking about how legislation passed in.. 2002/2003? deregulated banking and loans which accounted for the subsequent high volume of high-risk/bad loans.

I'll agree with you about Washington being highly concerned with the profits of the few (boy you're sounding kinda like a socialist now) and that things have comparatively gotten worse for the middle/lower/working class (boy now you're sounding really socialist). Reagan started it, Bush continued it ever so slightly toned down, Clinton offered slight reprieve and a return to fiscal responsibility, and Bush picked things back up again in full swing.

[guartz]

We've never had a situation like this before. The fact that the government did do this is the reason our economy won't crash now. You can't really compare 1 crash to another because they have different reasoning's. You do make a good troll though, and gotta respect that, kuddos

I wish I was just trolling. But you have to agree, printing a trillion dollars isn't doing anything but delaying the crash.

[evilbau]

go back to russia

[aurik]

I wish I was just trolling. But you have to agree, printing a trillion dollars isn't doing anything but delaying the crash.

They're not actually printing any money. But then again, I doubt you have any concept of what is actually happening.

I'd explain it but why bother, lolguartz.

[Beckwin]

but I thought the government just printed money all the time for everything they go into debt for?!!?!???

[aurik]

That's actually what Bernanke does when he's not appearing on capitol hill. He operates the printing press at the Treasury.

[guartz]

you're linking me the bailout plan as if I implied that I approved of it? hell no; I think the plan is flawed and doesn't create good, transparent regulation so desperately needed right now.

I'm talking about how legislation passed in.. 2002/2003? deregulated banking and loans which accounted for the subsequent high volume of high-risk/bad loans.

I know you don't agree with it, but you are not gonna get politician into power who are good guys and care about their fellow citizens. You are gonna have greedy, scrupulous bastards who will always come up with more clever ways of screwing everyone over, and state power makes it so much easier to do it, and most of the time without any consequences.

The so called deregulation you are talking about only strengthens my point. These people will use state power to secure their own agendas at the expense of everyone else.

In a true free-market society you couldn't get away with hiding your budget sheets, or taking tons of seriously risky loans. Because there would be no bail-outs, and competition would eat you up asap, because people wouldn't be so trusty and if it even smelled like that your bank was doing risk shit, you'd switch banks asap, because there was no state power securing your investments.

This is very simple stuff.

[aurik]

lolguartz, you call this stuff "simple", but you don't even understand it yourself.

[guartz]

lolguartz, you call this stuff "simple", but you don't even understand it yourself.

What don't I understand, exactly? Where the 700billion line of credit is coming from? or are you talking about something else?