Crazymank
MuscleChemistry Registered Member
The government is now bailing out our banks... I know that doesnt sound like such a big deal, but its huge. That money is either coming from the treasury, or from borrowing money from other countries -like china. There is a limit to how much we can borrow, and how much the treasury can spend. The war has already taxed the treasury, and we're already seeing a reduction in the amount of countries willing to buy US bonds. At some point we just cant keep borrowing.
For the first time, Im beginning to hear that banks may not be able to secure bank accounts.... (think of the depression here). Up till now most banks could say that your good for 100k.
Just think... when the banks have huge record profits, do the US tax payers get a couple bucks in our pockets??? no... but when those dumb fucks make bad investments and it will rock our economy to the core if they go under.... Guess who comes the the rescue... We do. Weird kind of capitalism/ socialism... dont you think??
anyway, one of my favorite quotes from my favorite movies come to mind....
"we're all polishing the brass on the titanic on its way down..."
Anyway, I dont want to get on a huge "the sky is falling" thread.... but these are crazy times we are living in.
For the first time, Im beginning to hear that banks may not be able to secure bank accounts.... (think of the depression here). Up till now most banks could say that your good for 100k.
Just think... when the banks have huge record profits, do the US tax payers get a couple bucks in our pockets??? no... but when those dumb fucks make bad investments and it will rock our economy to the core if they go under.... Guess who comes the the rescue... We do. Weird kind of capitalism/ socialism... dont you think??
anyway, one of my favorite quotes from my favorite movies come to mind....
"we're all polishing the brass on the titanic on its way down..."
Anyway, I dont want to get on a huge "the sky is falling" thread.... but these are crazy times we are living in.