Shortbus Posted September 26, 2008 Share Posted September 26, 2008 What do you guys think of the rumors flying around of an utter economy crash in the US happening on September 30, in 5 days or sometime soon? Link to comment Share on other sites More sharing options...
Vercetti Thug Posted September 26, 2008 Share Posted September 26, 2008 I voted Maybe cause some shit's gonna happen real soon, that's for sure. Link to comment Share on other sites More sharing options...
Hansui Posted September 26, 2008 Share Posted September 26, 2008 i think, yes. since every powerful nation has its own end of domination. But its sad that my country's economy is also affected by this economic catastrophe. Link to comment Share on other sites More sharing options...
Sherman Posted September 26, 2008 Share Posted September 26, 2008 Honestly, my short hand opinion. We're fucked. Link to comment Share on other sites More sharing options...
chris82 Posted September 26, 2008 Share Posted September 26, 2008 No. Link to comment Share on other sites More sharing options...
ToonSkull Posted September 26, 2008 Share Posted September 26, 2008 I thought that it had already happened and I just slept through the whole thing. Seriously, the whole national debt is a fraud. How can you borrow money from yourself? The US banks don't have money (think about it) they have paper that represents money which is no longer based on our gold or they have data in PC's that state you own the bank X amount and the bank holds X amount that belongs to you. There are comericals on TV and radio trying to trick people into selling their gold jewerly. Gold is money, which makes me think Fort Knox must be empty. This country has been using Christmas Holiday far too long as a crutch to boost the economy. This year maybe worst than last year's Christmas season. My brother and I had a nice family Christmas with a minimum of presents. Dad gave us $150 each to go shopping after Christmas and take advantage of markdowns. Then in May he gave us $300 each and said George Bush thinks it will stimulate the economy. Didn't seem to do much but I enjoyed spending it. If this Christmas shopping day aka (Black Sunday) is any idea of the shape of our economy then we are spinning around the drain and just waiting. Link to comment Share on other sites More sharing options...
Nate10 Posted September 26, 2008 Share Posted September 26, 2008 I don't really know everything that's happening atm with the economy, but I hope it doesn't crash. I've been watching that channel though a lot lately that shows how the stocks are doing. I put undecided though... Link to comment Share on other sites More sharing options...
Red_91 Posted September 27, 2008 Share Posted September 27, 2008 Definetly, the rescue plan G.Bush has in my opinion a 70/30 chance of not working, its not just the US too, the US economy downturn is affecting the UK and then the EU and Asia, the whole world has generally had a good time for 15 years (i'e god growth) its time to see the bad times now.... Link to comment Share on other sites More sharing options...
Thomas. Posted September 28, 2008 Share Posted September 28, 2008 I voted Yes it will happen, as soon as Bush sent out £350 Billion to countries across the world, the Markets went up but over the next few days they started decreasing. We are going to go into another Economic Crash, it is certain to happen. I can say that it is getting worse over here not only with Fuel Prices going up to about 107 (Diesel) and 130 pence (Petroleum) per Litre but it's getting ridiculous how much the shopping is beginning to cost, a few years ago it would usually cost just around £50 to buy the normal stuff we eat in our house and now it's rising above £100 for the same items. I am certain it is going to happen. Link to comment Share on other sites More sharing options...
Angry Gorilla Posted September 28, 2008 Share Posted September 28, 2008 A crash? I doubt it TBH. I think its just the economy going wonky. But time will tell. Link to comment Share on other sites More sharing options...
Harwood Butcher Posted September 28, 2008 Share Posted September 28, 2008 No. Short, sweet and absolutely right. The US's economy can't possibly crash...at least not as easily as it did back in 1929. In 1933 an act was passed that would protect individuals from losing large sums of the money that they have in the bank. This act is the FDIC. The main reason or the only reason the great depression happened was because the Stock market crashed and banks went under. Now that the government steps in when banks go under, we don't have to worry nearly as much about anything like that from happening again. Don't get worried! Link to comment Share on other sites More sharing options...
Thomas. Posted September 29, 2008 Share Posted September 29, 2008 The London FTSE 100 went doen by at least 5% today and the New York Dow Jones went down by 7%. It's all over the BBC News Channel, I think only the Britons get to see it, not sure. Some people from America Rejected the 700 bn Dollar package thing. Link to comment Share on other sites More sharing options...
rockstarrem Posted September 30, 2008 Share Posted September 30, 2008 The New York Dow went down by 777 points I'm pretty sure yesterday. Link to comment Share on other sites More sharing options...
chris82 Posted September 30, 2008 Share Posted September 30, 2008 And today it went up nearly 500. It's just a rough period. Shit happens. Link to comment Share on other sites More sharing options...
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