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deleted19776
I post too much
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Joined: 29 Apr 2007
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 Posted: Wed Oct 15, 2008 10:03 pm Post subject: |
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| Actually, what causes a depression is an economic downfall when consumers don't buy as much and banks don't loan very much, and stock market goes down, and all that fun stuff. And yes, the executive branch does take some responsibility in this. I really hope we don't get in a depression, because if we do, my dad's gonna be layed off and i will have to live in a worse place than US.
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Drkgodz
Flash moderator
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Location: Houston
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| Posted: Wed Oct 15, 2008 10:05 pm Post subject: |
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What happens is that things start getting expensive. Since things get expensive, people start saving money. So the money flow slows down. Then banks start to go bankrupt and then people start to pull money out of their bank accounts just in case their bank closes. And then the banks don't have any money to invest in stocks so the stock market goes down. And then people start losing jobs because big companies don't have people buying their stocks. So in the end there is a high unemployment rate and not much money.
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AverageAzn247
Grandmaster Cheater
 Reputation: 34
Joined: 01 Oct 2007
Posts: 909
Location: Austin,TX with 72 virgins
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| Posted: Wed Oct 15, 2008 10:24 pm Post subject: |
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| Drkgodz wrote: | | What happens is that things start getting expensive. Since things get expensive, people start saving money. So the money flow slows down. Then banks start to go bankrupt and then people start to pull money out of their bank accounts just in case their bank closes. And then the banks don't have any money to invest in stocks so the stock market goes down. And then people start losing jobs because big companies don't have people buying their stocks. So in the end there is a high unemployment rate and not much money. |
Well none of this shit would of happened if congress didn't allow them to insure at 10:1 ratio.
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| Waxxup wrote: | What are Night Elves?
A girl group? |
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Infamous
Master Cheater
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Joined: 15 Sep 2006
Posts: 359
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| Posted: Wed Oct 15, 2008 11:11 pm Post subject: |
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| xMurtaghx wrote: | | Pron wrote: | I don't understand how countires go into recessions/depressions.
What causes them? |
Its caused by bad presidents (like caugh George Caugh Bush) that make
us in a 57 trillion Dollar debt and all those theif on wall street. |
Where the hell are you pulling 57 trillion from?
It's about 10 trillion.
http://www.brillig.com/debt_clock/
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zyndr0m
I post too much
 Reputation: 4
Joined: 23 Oct 2007
Posts: 4357
Location: Japan!
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| Posted: Wed Oct 15, 2008 11:39 pm Post subject: |
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| Yes, importing 700billion into the world is such a great idea!
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xDev
Grandmaster Cheater
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Joined: 05 Feb 2007
Posts: 971
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| Posted: Thu Oct 16, 2008 4:42 am Post subject: |
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| zyndr0m wrote: | | Yes, importing 700billion into the world is such a great idea! |
Whats better is that you use your bailout money to give your Presidents and Officers an free vacation!
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ControlAltDelete
Friendly Giant
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Joined: 03 Mar 2007
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| Posted: Thu Oct 16, 2008 6:36 am Post subject: |
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| If this happens in Canada, I'M GOING PILLIGING!
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zyndr0m
I post too much
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Joined: 23 Oct 2007
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Location: Japan!
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| Posted: Thu Oct 16, 2008 6:47 am Post subject: |
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| ControlAltDelete wrote: | | If this happens in Canada, I'M GOING PILLIGING! |
It will, and probably already did.
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jongwee
Moderator
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Joined: 28 Jun 2006
Posts: 1388
Location: Singapore
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| Posted: Thu Oct 16, 2008 7:51 am Post subject: |
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Actually in my local newspaper, the journalist infact did not support the US$700B bailout plan. He mentioned that during an economic crisis, its only when the strong survives and the weak gets swallowed up, and this is a healthy cycle. I think he made sense though. Well I believe the global economy is going downwards, but it'll pick up sooner than we think it would though. Fret not
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dlwldud
Grandmaster Cheater
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Posts: 911
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| Posted: Thu Oct 16, 2008 8:11 am Post subject: |
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| President Bush wrote: |
Our economy is in danger. |
This is what Mr. Bush said on the TV.
I really think I should move back to Asia and stay away during the "new" great depression
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hcavolsdsadgadsg
I'm a spammer
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Joined: 11 Jun 2007
Posts: 5801
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| Posted: Thu Oct 16, 2008 9:19 am Post subject: |
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| Drkgodz wrote: | | What happens is that things start getting expensive. Since things get expensive, people start saving money. So the money flow slows down. Then banks start to go bankrupt and then people start to pull money out of their bank accounts just in case their bank closes. And then the banks don't have any money to invest in stocks so the stock market goes down. And then people start losing jobs because big companies don't have people buying their stocks. So in the end there is a high unemployment rate and not much money. |
what.
no.
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ColdFireF40
Master Cheater
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Joined: 05 Aug 2008
Posts: 261
Location: I love cocks.
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| Posted: Thu Oct 16, 2008 9:29 am Post subject: |
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| Pron wrote: | I don't understand how countires go into recessions/depressions.
What causes them? |
Government lends money to people who can never pay it back.
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AverageAzn247
Grandmaster Cheater
Reputation: 34
Joined: 01 Oct 2007
Posts: 909
Location: Austin,TX with 72 virgins
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| Posted: Thu Oct 16, 2008 7:13 pm Post subject: |
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| Rape wrote: | | Pron wrote: | I don't understand how countires go into recessions/depressions.
What causes them? |
Government lends money to people who can never pay it back. |
Funny isn't that what fucked us up in the first place?
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| Waxxup wrote: | What are Night Elves?
A girl group? |
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ColdFireF40
Master Cheater
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Joined: 05 Aug 2008
Posts: 261
Location: I love cocks.
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| Posted: Thu Oct 16, 2008 7:26 pm Post subject: |
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| averageazn247 wrote: | | Rape wrote: | | Pron wrote: | I don't understand how countires go into recessions/depressions.
What causes them? |
Government lends money to people who can never pay it back. |
Funny isn't that what fucked us up in the first place? |
They never learn.
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AverageAzn247
Grandmaster Cheater
Reputation: 34
Joined: 01 Oct 2007
Posts: 909
Location: Austin,TX with 72 virgins
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| Posted: Thu Oct 16, 2008 7:30 pm Post subject: |
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| Rape wrote: | | averageazn247 wrote: | | Rape wrote: | | Pron wrote: | I don't understand how countires go into recessions/depressions.
What causes them? |
Government lends money to people who can never pay it back. |
Funny isn't that what fucked us up in the first place? |
They never learn. |
SRSLY. First Vietnam then Iraq? Y the hell can't our govt stay the fuck out of everyone's bussiness?
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| Waxxup wrote: | What are Night Elves?
A girl group? |
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