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Discussion in 'GMD Social Forum' started by Kara-Shehr, Oct 19, 2010.
....and who should we blame and why?
I want answers!!
Then everybody checks to see if your right k.
This explains rather well how the (updated) Community Reinvestment Act over time caused the crash. That's not to say that the financial institutions aren't at fault as well, but the government shouldn't go so far as to reward/encourage clearly poor business decisions that can have a systemic effect on the economy...
We dun goof'd.
complicated issue, will post about it later.
It was me, I fucked it up.
The simple answer is two-fold:
1.) people like making money
2.) people don't have the money to back-up their lifestyles
People like buying shit.
I knew it!
It probably has something to do with the fact that the U.S. economy is solely driven by speculative investments. We don't make or produce nearly what we used to. Manufacturing is damn near non-existent.
Don't care. The only time when I will start to care is when either porno or Cheetos will become unavailable due to economic hardships. Otherwise fuck it.
We have many areas that our solely devoted to production! Just look at our teenage pregnancy rates!
You'll care when your mom throws you out of the basement. You'll have to quit jacking off to hentai then get a job and you won't be able to find one.
You'll care when you graduate from college and have your degrees all lined up but you'll still be working full time at the same old shit hole down the street for a small fraction of what you could be making.
You'll care when you have to retire at age 70+.
a.k.a as Outsourcing.
I was actually curious about something...
What is the highest unemployment rate a state can attain and still have a strong sustainable economy? Obviously there are a lot of factors to consider here, but I was wondering if anyone has done some general work and has a potential answer.
California could probably tolerate the highest rate than the other states and still have a strong economy.
You must have some sort of warped definition of what a "strong economy" is.
We are the eight/ninth largest economy in the world, I think it is safe bet.
I'm really curious about states that do not earn more than most countries in existence though.
Well if you excluded debt from any entities financial statement, we would all be doing fucking awesome. Awesome logic.
Yeah... problem with your statement is I'm not excluding debt. In fact, the only thing I brought up was sustainability, as in how much of a burden can an economy carry and still successfully hold itself together.
Our entire debt based financial system isn't sustainable, so to suggest that more of a bad thing is better is flawed from the outset.
I didn't even make any statement saying suggesting that it was a good system or that it should be spread to the ends of the fucking earth.
Learn to read god dammit.
Maybe this will help:
It's quite obvious that every fucking country on the planet is locked into debt of some sort and yet they are still able to function. My question was ONLY asking how much an economy can take on (deadweight) and still be able to exist.