things are getting weird.....

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.

times just aren't weird they are down right scary......I forget whom predicted it but yesterday someone was saying over 1000 bank will be out of business by end of 08 if the ecomonmic trend keeps up.

Normal ,I am with you who the hell is the government borrowing from? They have bailed out Fanny Mae, Freddie Mac and now AIG?

what happened to the good old days, when a company that was run incorrectly and went bankrupt simply went out of business? Im sure the govt wont bail out any of the small companies that are going under every day.

Damnit dreww im sorry bro i hit edit instead of quote

Its the trend of our culture. Think of credit card debt. I also have heard that the crap is about to hit the fan with all the revolving rate mortgages. I know there is legislation now that limits this, but I read a while back that all of that is about to effect the economy as well. Buy gold. I am serious. Banks may go out of business, but all you bowed up monsters out there could protect your gold. In all seriousness it will never depreciate.

I wasn't worried when Lehman Brothers went, but AIG? Now I'm worried.

I would say trouble is on the way.