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Living with History, dealing with it...

Discussion in 'Billy Milano' started by Jurched, Oct 10, 2008.

  1. Jurched

    Jurched Ask&YoullBeSorry

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    This is pretty savage. The market just opened and everyone sold their shit. Down 500 points in half an hour and no GOP "Nay" votes were involved. That's odd!

    [​IMG]

    So, your thoughts, people. Especially from we who matured on a diet of thrash metal whose themes revelled in total destruction and chaos (I still love Nuclear Assault).

    How does it feel to live in the midst of history? The sort of shit our grandkids (or our sibling's kids for you freeloaders out there) will read about in the e-books some day?

    Jurched
     
  2. Jurched

    Jurched Ask&YoullBeSorry

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    Case in point: the world's billionaires, high-power bankers and investors, hedge-fund managers, and oil futures speculators have had a great couple of years raping the shit out of us, but as soon as the prices come down and the party's over, SUDDENLY there's a "Credit Crisis to affect Main Street." BULL shit!

    Here's history in the making: does billionaire Silvio Berlusconi want to protect his ass from a counter-raping he so richly deserves by bringing about GLOBAL GOVERNMENT?

    Oct. 10 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.''

    ``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.''

    The Dow Jones Industrial Average fell as much 8.1 percent in early trading and pared most of those losses after Berlusconi's remarks. The Dow was down 0.5 percent to 8540.52 at 10:10 in New York.

    Group of Seven finance ministers and central bankers are meeting in Washington today, and will stay in town for the International Monetary Fund and World Bank meetings this weekend. European Union leaders may gather in Paris on Oct. 12, three days before a scheduled summit in Brussels, Berlusconi said today, while Group of Eight leaders may hold a meeting on the crisis ``in coming days,'' he said.

    Berlusconi didn't give any details about what kind of rules leaders were looking to change, except to say that leaders are ``talking about a new Bretton Woods.''

    The Bretton Woods Agreements were adopted to rebuild the international economic system after World War II in a hotel in Bretton Woods, New Hampshire. The aim of the agreements was to establish a monetary management system, initially by pegging currencies to gold. The IMF was set up later to help manage the international financial system.

    Bretton Woods, eh? Sounds like The Bilderbergers, that annual party of plutocrats who meet to discuss new ways to rape those making less than whatever Algore and Obama suggest is "Enough money."

    I used to not understand why fabulously rich people make the best liberals, until I realised that fabulously wealthy people know how to protect their assets from their own brutal tax laws...

    Jurched
     
  3. ZeeZooZum

    ZeeZooZum Member

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    :worship:notworthy

    There is a reason someone like Alan Greenspan serves in Republican and Democratic administrations. At bottom, their policies aren't much different.

    Gee, maybe they'll cut interest rates more and everything will be ok.
     
  4. Jurched

    Jurched Ask&YoullBeSorry

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    Sure~ Why not go down to zero? That's what Japan's Central Bank did 10 years ago, and they still can't climb out of the rut they're in.

    Meanwhile, I think I'll take advantage of that mortgage re-fi offer I got in the mail. A 2-year ARM at an introductory rate of 5.9 percent. HA HA HA!

    I'm forwarding this shit to Ralph Nader. Obviously nobody in the government notices the mortgage crimewave continues!!

    Jurched
     
  5. ZeeZooZum

    ZeeZooZum Member

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    :lol:

    It's not like the bailout/rescue/ whatever bill, or the one next week, or the one after that, actually will bother re-regulating anything.

    I mean we much rather artifically adjust interest rates rather actually have a speculation tax. It's insane. Instead of furthering inflating the dollar, we should perhaps work on expunging the fraud from the system.

    More related to topic, though, I asked my students what they thought about the economic meltdown. Most didn't know what I was talking about. I didn't have the heart to explain that they'll learn about it quickly when they graduate and unemployment is above 10%
     
  6. Richard Mongler

    Richard Mongler The dream is dead.

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    Feels good man. :cool:
     
  7. EerieVon

    EerieVon Member

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    Lots of history we are witnessing first hand--this financial crisis, the first black president, the possibility that a major auto maker will go out of business, etc
     
  8. Richard Mongler

    Richard Mongler The dream is dead.

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    Barack isn't exactly black. I think he's mulatto or something. Not that I care about race.
     
  9. SueNC

    SueNC Southern born, metal bred

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    you are correct, but for the purposes of this election, he'll be black.
    when it's all over, he'll go back to being good 'ol Barry Sotero.
     
  10. Richard Mongler

    Richard Mongler The dream is dead.

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    Some people think Barack is the Anti-Christ.
     
  11. Hell_Awaits

    Hell_Awaits One more for the road

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    That would be cool....Its just what this country needs:devil::Smokedev:
     
  12. Jurched

    Jurched Ask&YoullBeSorry

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    I agree. After so many years of pseudo-Christs occupying the Presidency, perhaps we do need someone who'll do annual human sacrifice BBQs on the Washington Mall.

    [​IMG]

    This market shit is alllll fucked up... Here's what the AP says:


    Wednesday's drop, which took the Dow down 733 points, followed a stream of bad economic news that underscored the likelihood that the country is either in a recession or will be in one -- and that the downturn will be severe.

    Assholes!!! We've BEEN in a recession for a long time now. Why the fuck is it so hard to admit?

    1. NO credit since the spring
    2. RETARDEDLY high gas prices since the spring
    3. ILLUSORY "growth" only due to speculators, who're now betting against stock and commodity prices

    Add it up. It means "recession," assholes! Real question is, are we going into a depression?

    And will our next president, the antichrist Amabo Kcarab be able to summon the Prophet from his inferno prison to bring unholy vengeance upon us all?*

    Jurched

    *sounds like the plot to the Ghost Rider II movie.
     
  13. ZeeZooZum

    ZeeZooZum Member

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    But the derivatives market is "worth" 596 trillion!

    http://www.slate.com/id/2202263/

    Clearly, the solution is for more people to take out bad loans so credit default swaps can grow!
     

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