How We Got HERE... by out2theblack

REAL WORLD EVENT DISCUSSIONS

How We Got HERE...

POSTED BY: OUT2THEBLACK
UPDATED: Monday, February 23, 2009 03:51
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VIEWED: 835
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Saturday, February 21, 2009 1:10 PM

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford (1863-1947) Founder of Ford Motor Company
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"The entire world economy rests on the consumer; if he ever stops spending money he doesn't have on things he doesn't need -- we're done for." -- Bill Bonner - Editor of The Daily Reckoning - April 3, 2003
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"Three groups spend other people's money: children, thieves, politicians. All three need supervision." -- Dick Armey - (1940- ) U.S. Congressman, TX-R

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Saturday, February 21, 2009 1:19 PM

WHOZIT

DAM! I thought this was going to be a "How babys are made" thread. Instead it's an ad for the FORD Motor Company.

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Saturday, February 21, 2009 1:55 PM

PIZMOBEACH

... fully loaded, safety off...

It would be a good exercise to imagine how different the world be if we could only spend what we had.

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Saturday, February 21, 2009 2:18 PM

DREAMTROVE

I sense an uneven distribution of IQ points :)

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Saturday, February 21, 2009 2:32 PM

WHOZIT

Quote:
Originally posted by dreamtrove:
I sense an uneven distribution of IQ points :)

Oh yea, when you clicked it you thought it was a BANKING thread, rite?

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Sunday, February 22, 2009 8:39 PM

SHINYGOODGUY

Yeah that.......and a couple of greedy bankers, Wall Streeters, Paulson, to name a few.

You know Paulson and Bernake thought that letting Lehman go belly up would not be such a big deal. These are our fearless leaders in charge. Bush wanted not to have Big government interfere with the free market system.

Well, how did that work out? Watched a very interesting documentary on the beginning of the economic sunami. It was a combination of ego, greed and sheer incompetence that fueled that fire.

20/20 had a report on the greedy Bernie Madoff and how he stole money from his fellow Jews in Millionaires Row in Palm Springs. I can't believe they haven't frozen his assets as of yet. This man has yachts, million dollar homes, cars and his family has been untouched despite the fact that they helped run his "business".

Out of the $50 Billion he's stolen they've only recovered $1 Billion. Pretty neat trick to have $49 Billion disappear. You should see the smirk on this guy's face. What balls he has to walk around like nothing happened. He's stashed that cash somewhere and no one is going to find it, and it's my guess he's going to walk.

Only in America!

SGG

Tawabawho?

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Monday, February 23, 2009 3:51 AM

HERO

Quote:
Originally posted by out2theblack:
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford (1863-1947) Founder of Ford Motor Company

Good cars. I had a white 2006 Mustang. Loved that car. Had to get rid of it because I needed something I could drive in the snow.

Someday I'll get another one. By God I think I just had another American dream. Lets see...good job, money, hot girlfriend, dream car. Yep...American dream.

H

"Hero. I have come to respect you"- Chrisisall, 2009.

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