I still feel that instead of giving Wall Street 700b USD, why not break that up and give it to the taxpayers? That would help the economy far better.... Based on loose math, it's about 148,000 USD per person.... I guarentee I could pay off my student loans, buy a new car, pay off other bills (not in that order), and probrably go out to eat something expensive, and maybe put the rest down on a new house.... If everyone did that, it wouldn't just jumpstart the economy, people's morales would be higher, which means consumer confidence would be at an all time high.... and the US citizens would like its government more!
How is that NOT a good idea?
If you want gas to go from 3.50 to 7 or 8 or 10 or even 20 dollers a gallon, then sure. If you want to try to save the economy, then don't print up money. We need less money in the system, not more. Remember, the feds printed that money out of nowhere. (And that is bad.)
Quote from "Jetrall" »
Right now we in Canada are (of course) concerned about the economy, but we're also taking measures to avoid the situation America is in right now. To say that ONLY Canada will be affected is ridiculous, though. Every nation that engages in trade with other nations will be affected somehow - that's the whole downside of a worldwide economy.
Canada is great though, if you're from the states. Our culture and climate are similar enough (at least here in Southern Canada) to barely even tell the difference. The few things you may notice are cleaner streets, slightly thinner citizens, and a slightly less "American" personality (not so immersed in violence, movies, fast-food, etc).
If you want to feel like you've just moved a few miles as opposed to a few thousand miles, move to Canada.
Additionally, we have looser drug laws, free medicare, and lots of jobs in basically every sector.
Canada is really awsome imo. I would like to move up there one day if I can get my girl to go with me...
Honestly though, Canada is going to be hurt bad by America's idiocy, and whenever America goes into the third world war, Canada will probably be the first to fall. Then Europe, followed by a failed invasion into Russia.
If you want gas to go from 3.50 to 7 or 8 or 10 or even 20 dollers a gallon, then sure. If you want to try to save the economy, then don't print up money. We need less money in the system, not more. Remember, the feds printed that money out of nowhere. (And that is bad.)
Canada is really awsome imo. I would like to move up there one day if I can get my girl to go with me...
Honestly though, Canada is going to be hurt bad by America's idiocy, and whenever America goes into the third world war, Canada will probably be the first to fall. Then Europe, followed by a failed invasion into Russia.
My throughts exactly, that would be the only reason i would not move to Canada.
Rollback Post to RevisionRollBack
"I want to say something but I'll keep it to myself I guess and leave this useless post behind to make you aware that there WAS something... "
-Equinox
"We're like the downtown of the Diablo related internet lol"
-Winged
I don't see the huge problem with the 700 billion plan.
It actually turned out to be over 800 billion.
Quote from "Doppelganger" »
If the banking system fails, everything fails. Seriously, giving that money "back to the people" would have been the biggest mistake ever, reason is that businesses would collapse like never seen before in modern times. People would loose their jobs en mass, the whole economical system would collapse, so that 700 billion money would be absolute peanuts and wouldn't solve a thing if it wasn't used to try and atleast prevent all of this happening.
I was against the bailout but I also think it would've been a horrible mistake to simply give that money to taxpayers. But that was never a serious option to begin with. That's just idealist musing.
Not even FDR would have dreamed of giving even 2,000 dollars in cash to people. FDR, the guy who invented social security.
So yes, anyone who actually thinks we should've given that money back to the people, don't listen to their craziness.
Everybody just relax. These huge swings are just a tool for wall street fat-cats to fill their pockets.
Stock plummets one day, people get all scared and sell their stock, fat cats buy it up.
Next day, the stock goes up and people buy their stock back, fat cats benefit.
Wash, rinse, repeat.
The economic situation is a manufactured money pit.
The good thing is that when the fat cats pull in money, it all trickles down, and eventually get it will get to the 90% of the country that owns 10% of the wealth.
Honestly though, Canada is going to be hurt bad by America's idiocy, and whenever America goes into the third world war, Canada will probably be the first to fall. Then Europe, followed by a failed invasion into Russia.
Wait, why would Canada fall?
You really thing America would invade Canada? Or are you saying Russia would invade or something?
I mean ... Americans <3 Canada.
It's like a little brother that you pick on. You make fun of them, sure, but you still like them a lot.
But yes ... hopefully this shit gets sorted out. I'm not sticking around for a depression. =/
Go to africa, China is doing lots of business with them, there has been a high demand for management positions for a long time now, if you contract with China you ought to make enough within a year to retire on.
Canada. They have UHC. And generally they have a higher standard of living and its easy to go there if you're in the US.
Europe. Hard to adjust, though, especially if you don't know the language. But this is where I'd LIVE my whole life if I could. Notably Sweden, Germany...
Japan, seems like an interesting place.
Speaking of the economics, if US suffers, so will everyone else.
Go to africa, China is doing lots of business with them, there has been a high demand for management positions for a long time now, if you contract with China you ought to make enough within a year to retire on.
Just what savvy corporate business man are you talking?
Come to Australia. we do have a REALLY CRAP Prime Minister who's going to put an ISP FILTER ON OUR INTERNET S WE CANT VISIT SOME WEBSITES AND SLOW OUR INTERNET BY 70%, but other than that, its OK.
Come to Australia. we do have a REALLY CRAP Prime Minister who's going to put an ISP FILTER ON OUR INTERNET S WE CANT VISIT SOME WEBSITES AND SLOW OUR INTERNET BY 70%, but other than that, its OK.
Because of that alone, I wouldn't move there if the rest of the world was covered in radioactive sperm.
Come to Australia. we do have a REALLY CRAP Prime Minister who's going to put an ISP FILTER ON OUR INTERNET S WE CANT VISIT SOME WEBSITES AND SLOW OUR INTERNET BY 70%, but other than that, its OK.
Really!!?? How have I not heard this. Its about the one political thing I am interested in. Aw man, and I thought Kevin Rudd was gonna be good.
But yeha, Australia is pretty good. Though its awfully hot this time of year, I prefer somewhere like England.
Then again, apparently the UK is getting similar ISP treatment.
Yea that's going to SUCK! IF isp filtering blocks this website or any Diablo related website, you'll Probably see me on the news. ill be the one with the bloody head in my hands of our former Prime Minister.
Atrumentis
Really!!?? How have I not heard this. Its about the one political thing I am interested in. Aw man, and I thought Kevin Rudd was gonna be good.
Kevin Rudd, GOOD! those 2 words never go together in the same sentence. EVER!
I'm assuming you are looking at other countries because of the economic crisis which I am now calling the 'Necronomic Crisis' LOL! Canada has virtually no long term national debt as well as Singapore (legendary investor Jim Roger's lives there). Singapore has probably the most opportunity of all the countries today, it's leader Lee Kuan Yew basically forced the country to be fiscally responsible. Without a doubt China will be the largest economy in the next 20 years.
I wouldn't go to Switzerland as many think it is a safe place, historically it has been, but Switzerland made bad deals too and are in big trouble facing deflation like the rest of the world.
If you want to know how to protect yourself these economic times, here are a series of links (most are videos) to research that will give you a good idea of what actions you should take. No longer can the average person just go to work, collect a paycheck, and hope things will work out. This will take some time to get through but it's well worth learning about these things. As an investor I started to see stuff like this several years back and a lot of people laughed at those I reference below, but they were right, very, very, right. If you want an interesting perspective look back watch 'Peter Schiff was right. Watch it twice, you will laugh and be amazed at what some of these clowns were saying then, even laughing at Schiff and treating him like he was some kind of idiot then. They have all been proven wrong.
There are even bigger long term issues on the near horizon
Chris Martenson - Crash course on the economy
More than just a video, it's a comprehensive 3 hour presentation that will leave you spellbound covering the most important issues we face over the next 20 years all of which are going to start affecting the Obama presidency from the day he enters office. I can’t urge you strong enough to watch this in entirety. http://www.chrismartenson.com/crashcourse
If you want gas to go from 3.50 to 7 or 8 or 10 or even 20 dollers a gallon, then sure. If you want to try to save the economy, then don't print up money. We need less money in the system, not more. Remember, the feds printed that money out of nowhere. (And that is bad.)
Canada is really awsome imo. I would like to move up there one day if I can get my girl to go with me...
Honestly though, Canada is going to be hurt bad by America's idiocy, and whenever America goes into the third world war, Canada will probably be the first to fall. Then Europe, followed by a failed invasion into Russia.
My throughts exactly, that would be the only reason i would not move to Canada.
-Equinox
"We're like the downtown of the Diablo related internet lol"
-Winged
I was against the bailout but I also think it would've been a horrible mistake to simply give that money to taxpayers. But that was never a serious option to begin with. That's just idealist musing.
Not even FDR would have dreamed of giving even 2,000 dollars in cash to people. FDR, the guy who invented social security.
So yes, anyone who actually thinks we should've given that money back to the people, don't listen to their craziness.
Siaynoq's Playthroughs
Stock plummets one day, people get all scared and sell their stock, fat cats buy it up.
Next day, the stock goes up and people buy their stock back, fat cats benefit.
Wash, rinse, repeat.
The economic situation is a manufactured money pit.
The good thing is that when the fat cats pull in money, it all trickles down, and eventually get it will get to the 90% of the country that owns 10% of the wealth.
Fuck you, I'm a dragon.
Wait, why would Canada fall?
You really thing America would invade Canada? Or are you saying Russia would invade or something?
I mean ... Americans <3 Canada.
It's like a little brother that you pick on. You make fun of them, sure, but you still like them a lot.
But yes ... hopefully this shit gets sorted out. I'm not sticking around for a depression. =/
CyberPunk RP Nexus
I know I do, as well as most of us upper East Coast/ New Englanders
‘I'M NOT LEAVING UNTIL WE ALL HAVE AIDS!’—The importance of calling them ‘mercenaries.’
Gold through my eyes
But my eyes, turned within, only see
Starless and Bible black" - King Crimson
I think they would accomplish a lot.
Europe. Hard to adjust, though, especially if you don't know the language. But this is where I'd LIVE my whole life if I could. Notably Sweden, Germany...
Japan, seems like an interesting place.
Speaking of the economics, if US suffers, so will everyone else.
Siaynoq's Playthroughs
Because of that alone, I wouldn't move there if the rest of the world was covered in radioactive sperm.
Really!!?? How have I not heard this. Its about the one political thing I am interested in. Aw man, and I thought Kevin Rudd was gonna be good.
But yeha, Australia is pretty good. Though its awfully hot this time of year, I prefer somewhere like England.
Then again, apparently the UK is getting similar ISP treatment.
Atrumentis
Really!!?? How have I not heard this. Its about the one political thing I am interested in. Aw man, and I thought Kevin Rudd was gonna be good.
Kevin Rudd, GOOD! those 2 words never go together in the same sentence. EVER!
I wouldn't go to Switzerland as many think it is a safe place, historically it has been, but Switzerland made bad deals too and are in big trouble facing deflation like the rest of the world.
UK.Telegraph 12 Dec 2008 - Switzerland may have to print money to stave off deflation
If you want to know how to protect yourself these economic times, here are a series of links (most are videos) to research that will give you a good idea of what actions you should take. No longer can the average person just go to work, collect a paycheck, and hope things will work out. This will take some time to get through but it's well worth learning about these things. As an investor I started to see stuff like this several years back and a lot of people laughed at those I reference below, but they were right, very, very, right. If you want an interesting perspective look back watch 'Peter Schiff was right. Watch it twice, you will laugh and be amazed at what some of these clowns were saying then, even laughing at Schiff and treating him like he was some kind of idiot then. They have all been proven wrong.
Peter Schiff was right!
Max Keiser hilariously tells the hard truth on the economy
Robert Kiyosaki Why the Rich Get Richer
Eve of Destruction: How the Financial Crisis Was Built Into the System
Peter Schiff tells the hard truth on economy
Jim Roger’s tells the hard truth on economy
Mike Schneider of Bloomberg, interview with Jim Rogers on Gold & Commodities Parts 1 - 5
Excellent Interview, Nov. 25 (Bloomberg) The U.S. dollar will be “devalued” as policy makers seek to weaken it, undermining the greenback’s role as an international reserve currency, Buys Commodities said Jim Rogers, chairman of Rogers Holdings in Singapore.
http://www.youtube.com/watch?v=mesJRzkUHlU
http://www.youtube.com/watch?v=T3XmsSNt8wo
http://www.youtube.com/watch?v=4KxWAfr4KWI
http://www.youtube.com/watch?v=HDJ3mukRPjo
http://www.youtube.com/watch?v=nnwEsa1wUEE
Marc Faber: We have about a year maybe two but it’s not going to get better like some think it is
Marc Faber, tells the hard truth on economy
WSJ - The Fed Is Out of Ammunition
A discredited dollar is a likely outcome of the current crisis.
Market Watch - Dramatic downturn seen for economic data
There are even bigger long term issues on the near horizon
Chris Martenson - Crash course on the economy
More than just a video, it's a comprehensive 3 hour presentation that will leave you spellbound covering the most important issues we face over the next 20 years all of which are going to start affecting the Obama presidency from the day he enters office. I can’t urge you strong enough to watch this in entirety.
http://www.chrismartenson.com/crashcourse
Reaffirmation of what Chris Martenson said in that 3 hour presentation towards the end.
The Truth Behind Low Oil Prices
I.O.U.S.A.: Byte-Sized - The 30 Minute Version
60 Minutes - Head of the U.S. Government Accountability Office (GAO) David Walker says that the U.S. economy is unsustainable