Mr. Chief, we have a problem.

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Dec 1, 2007
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meatloaf231 post=18.71691.733634 said:
Well, time to move to Canada.
Too late, we closed the border.

Now I bet you wish you hadn't screwed us over on soft lumber eh? Eh? Ha!

No one messes with our lumberjacks
 

Madrak the Red

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Sep 6, 2008
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Imitation Saccharin post=18.71691.733661 said:
meatloaf231 post=18.71691.733634 said:
Well, time to move to Canada.
Too late, we closed the border.

Now I bet you wish you hadn't screwed us over on soft lumber eh? Eh? Ha!

No one messes with our lumberjacks
Yeah, those lumberjack comandos will mess you up. They will mess you up bad.

Now only if I can find that image...
 

fulano

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Oct 14, 2007
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Something pretty much like this happened in Mexico with the FOBAPROA(Fondo Bancario de Protección Ahorro) when a bunch of banks went belly up and the government decided to "rescue" them just like yours is doing right now. What happened was that the whole fucking debt that those banks had incurred over time had to be paid with the taxpayers money.

Trust me, it's only gonna get worse if people don't start acting like they should and start demanding proper measures. This is what happens when rampant capitalism goes awry in an economy that pretty much is dependent on it.

This has happened before already-in my country, look it up and brace yourselves for what's coming.
 

Robert0288

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Jun 10, 2008
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If the US economy goes from just being in a toilet to being flushed I predict Canada will more or less be fine. As Canada is viewed as a producer of commodities the world view on Canada will be fine, as commodities are always in high demand, and the lack of faith in a market is what causes and starts a run, which is whats happening in the US.

Hardest hit area's will be the manufacturing sector, which is already on its way to the crapper.
 

fulano

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Oct 14, 2007
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Hardest hit area's will be the manufacturing sector, which is already on its way to the crapper.
Yeah, you also have to take into account the housing and construction sectors. When those take a hit, the chips start to fall.
 

NeedAUserName

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Aug 7, 2008
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My aunt was staying with some one this weekend, on Friday he had stocks worth $2 million, by Sunday just $12 000. You have to feel sorry for him, now he is bankrupt.
 

fulano

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needausername post=18.71691.733775 said:
My aunt was staying with some one this weekend, on Friday he had stocks worth $2 million, by Sunday just $12 000. You have to feel sorry for him, now he is bankrupt.
Whoa...that's heavy stuff.
 

ElephantGuts

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Jul 9, 2008
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The only thing that makes me feel atleast a tiny bit relieved is that since I'm Jewish I have the right to be a citizen of Israel, so I can always head over there if need be. And everyone speaks English there, which is good because I can't get used to that damn language (not that I've tried much). Only thing is they need to start putting their military strength to use and getting us some more land to live in. All the Jews in the world can't fit into that tiny little sliver of a country. Who'll miss Lebanon, huh? I don't even think the Lebanese would feel too bad about it.
 

ThaBenMan

Mandalorian Buddha
Mar 6, 2008
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bad rider post=18.71691.733436 said:
BTW www.hasthelargehadroncolliderdestroyedtheworldyet.com if you want to keep tabs on it
LOL, it'd be great if they just changed that to "YEP" just to fuck with people.
 

jim_doki

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Mar 29, 2008
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needausername post=18.71691.733775 said:
My aunt was staying with some one this weekend, on Friday he had stocks worth $2 million, by Sunday just $12 000. You have to feel sorry for him, now he is bankrupt.
You're Aunt is a dude?

on topic:
the US dollar is pretty much the benchmark for the Aus dollar, so if this goes down, we go down too.
Is there anything i, as a bank customer, can do?
 

John Galt

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Dec 29, 2007
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meatloaf231 post=18.71691.733634 said:
Delta4845 post=18.71691.733438 said:
bluemarsman post=18.71691.733368 said:
We are so screwed.
Truer words never spoken...
Well, time to move to Canada.
Man, forget Canada, I'm going to Mexico: The last place in the hemisphere I can still feel rich.

Eldritch Warlord post=18.71691.733774 said:
Call me an optimist but this is exactly why the Fed exists, we'll be fine if the sheep don't panic too bad.
The Fed's why we're here in the first place. If they'd have some damn sense and maybe prop up a regulation or two. Or maybe, just maaaaaybe bump up the interest rates to slow down all the speculators(you know, in order to prevent something like the dot-com bubble which just busted a just a few years earlier? How did no one see this?). The fact is, the banks fucked us over, the Fed fucked us over, and worst of all, we fucked ourselves over.
 

NeedAUserName

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jim_doki post=18.71691.733923 said:
needausername post=18.71691.733775 said:
My aunt was staying with some one this weekend, on Friday he had stocks worth $2 million, by Sunday just $12 000. You have to feel sorry for him, now he is bankrupt.
You're Aunt is a dude?

on topic:
the US dollar is pretty much the benchmark for the Aus dollar, so if this goes down, we go down too.
Is there anything i, as a bank customer, can do?
No... she was staying with a friend of the family, who is a guy.
 

jim_doki

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Mar 29, 2008
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needausername post=18.71691.733950 said:
No... she was staying with a friend of the family, who is a guy.
i see...
well that just qualified for the stupidist thing anyone's ever said to you thread.
Humble apologies
 

Alex_P

All I really do is threadcrap
Mar 27, 2008
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Mathew952 post=18.71691.733353 said:
America lost 700 BILLION dollars yesterday.The entire stock market lost 4.4 percent of it's worth. Why? remember all of those banks that got bailed out a while back. They missed some. and one just went bankrupt.
"They missed some" on purpose. You can't bail out every institution. After having to step in to save Fannie Mae and Freddie Mac, it makes sense for the Federal Reserve to step back for a while (for what it's worth, I think the Bear Stearns bail-out was probably a mistake, but I can see how it might've made sense at the time). The financial services industry needs to lose some of its bloat. That means stuff will get worse before it gets better. But the alternative -- entangling American taxpayers even more than they are already entangled -- is far worse. Let the investors swallow the loss for a change (unfortunately "investor" does include "regular person with a 401k," so the situation still sucks).

-- Alex
 

the protaginist

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Jul 4, 2008
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"god,it's getting so a country can't blow trillons of dollars on a war and expect to have a stable economy anymore."-Stephen Colbert.


you know it's getting bad when america's god is saying stuff like that.
 

crazy-j

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Sep 15, 2008
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ElephantGuts post=18.71691.733362 said:
Well maybe if that damn meteor would hurry up and blow up the Earth we wouldn't be having this problem right now...
lol maybe it thought this place was so screwed up already it would hit mars instead
 

SilentHunter7

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Nov 21, 2007
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Alex_P post=18.71691.733977 said:
Mathew952 post=18.71691.733353 said:
America lost 700 BILLION dollars yesterday.The entire stock market lost 4.4 percent of it's worth. Why? remember all of those banks that got bailed out a while back. They missed some. and one just went bankrupt.
"They missed some" on purpose. You can't bail out every institution. After having to step in to save Fannie Mae and Freddie Mac, it makes sense for the Federal Reserve to step back for a while (for what it's worth, I think the Bear Stearns bail-out was probably a mistake, but I can see how it might've made sense at the time). The financial services industry needs to lose some of its bloat. That means stuff will get worse before it gets better. But the alternative -- entangling American taxpayers even more than they are already entangled -- is far worse. Let the investors swallow the loss for a change (unfortunately "investor" does include "regular person with a 401k," so the situation still sucks).

-- Alex
Very true, but that's life. We're stuck between a rock and a hard place, so we're going to have to make the best out of a shitty situation.

What really torques my jaws though is the CEOs expecting some kind of severance pay for driving their business into the ground so hard, the government has to step in. I'm glad the Housing Agency told them to get fucked; one of the rare instances I was proud of my government.
 

The Spilly

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Sep 16, 2008
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The problem is almost everyone in the western world is in debt. Credit cards, car payments, etc etc etc. The world is just starting to realise that they've sold everyone their products but nobody has the money to pay them back...
 
Dec 1, 2007
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The Spilly post=18.71691.734044 said:
The problem is almost everyone in the western world is in debt. Credit cards, car payments, etc etc etc. The world is just starting to realise that they've sold everyone their products but nobody has the money to pay them back...
To borrow a page from maths, it's time to start canceling out our like terms!

*cocks shotgun*

LETS HIT THE ROAD!