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Greek exit...
Weird debt bubbles... http://www.zerohedge.com/news/presenting-one-chart-us-banks-dont-want-you-see
cats and dogs marrying...

is it the end of the finacial world was we know it? Put on your tinfoil hat and discuss

$60 billion isn't a lot of money in the world of government and big business finance.

Not to mention that ATM investors are piling out of the Euro and desperately looking for a safer currency to put their money into.

Cue the dollar.

W00t! we are saved!

that was my understanding of it as well... 60 billion? who cares after we bailed out the banks for 1.5 TRILLION....

seems like a mountain out of a molehill

Of course, the American economy is teetering on the razor's edge after shelling out that 1.5 trillion, so another 60 billion might well be the straw that breaks the camel's back...

Survivalists and people stocking up on food and whatnot don't seem so out there in what they're doing.

To tell the truth, I think they're totaly correct.

Sometimes I feel guilty for having offspring. Like I might have set them up for failure because of the state of the world they will grow up in.

Easy E wrote:Sometimes I feel guilty for having offspring. Like I might have set them up for failure because of the state of the world they will grow up in.

Don't blame yourself. The only setting them up for failure you've done is bringing them into the world. It's not your fault that the system is fethed.

Of course, to be honest, I'm not entirely sure who all it is the fault of, but I'm sure I could self-righteously point a few fingers and hurl a few blind accusations.

Remember when the Zombiepocalypse comes you need to have your plan.

"Our plan is to clean out all the nearby Mormons, schools, and extreme couponers. They all have lots of stuff."
-Mrs. Frazzled on Zombiepocalypse, or our next vacation.

Frazzled wrote:Remember when the Zombiepocalypse comes you need to have your plan.

"Our plan is to clean out all the nearby Mormons, schools, and extreme couponers. They all have lots of stuff."
-Mrs. Frazzled on Zombiepocalypse, or our next vacation.

Heh. One of my friends said it from the opposite angle: "We are all just one catastrophe away from eating each other."

No. Stop watching the news and go live your life.

daedalus wrote:

Frazzled wrote:Remember when the Zombiepocalypse comes you need to have your plan.

"Our plan is to clean out all the nearby Mormons, schools, and extreme couponers. They all have lots of stuff."
-Mrs. Frazzled on Zombiepocalypse, or our next vacation.

Heh. One of my friends said it from the opposite angle: "We are all just one catastrophe away from being able to eat each other."

Corrected your typo: Of course Frazzled's Indian name is Dances with Wiener Dogs so it may have schewed my view a little.

Well, you say that, but zombification at the point of the apocalypse seems like the best avenue to prolonging my food supply.

Realistically, if movies are any indication, there's only going to be a small percentage of the populous unaffected, so chances are that the majority of us actually will be eating one another.

daedalus wrote:Well, you say that, but zombification at the point of the apocalypse seems like the best avenue to prolonging my food supply.

Realistically, if movies are any indication, there's only going to be a small percentage of the populous unaffected, so chances are that the majority of us actually will be eating one another.

Well the immortal bard once said, the best defense is a good offense. To get the recipes down properly we shouls start now.
(gets out his list, cackles softly) er what were we talking about again?

http://www.huffingtonpost.com/2012/05/19/anthony-bourdain-eat-human_n_1530268.html?ref=fb&src=sp&comm_ref=false
With handy tips on cooking unicorn...

Anthony Bourdain Admits That He Would Eat A Human, Offers Instructions For Cooking Unicorn

Uh, what the article is saying is that in the midst of the crisis, to ensure banking stability, the Feds offered money to the banks at a very low rate of interest. Those funds are now being returned, and to refinance the banks are going to have to borrow at commercial rates of interest. That's it. That's the whole story.

Vulcan wrote:Of course, the American economy is teetering on the razor's edge after shelling out that 1.5 trillion, so another 60 billion might well be the straw that breaks the camel's back...

No. Most TARP funds have been repaid, and US government debt to GDP is well within historic norms. There is general weakness in the economy, due to low overall aggregate demand, but the debt itself is not related to that.


Automatically Appended Next Post:

Easy E wrote:Sometimes I feel guilty for having offspring. Like I might have set them up for failure because of the state of the world they will grow up in.

It's so weird how every time there's an economic downturn, people just figure that this is like nothing that's ever happened before and it must be the first step in a slow and steady march to complete social collapse.

There is general weakness in the economy, due to low overall aggregate demand, but the debt itself is not related to that.

If you listen to the Republican party, the debt is the only thing that's bringing the US economy down.

Melissia wrote:If you listen to the Republican party, the debt is the only thing that's bringing the US economy down.

Which is why the best thing is to stop listening to the Republican Party until they start being sensible again.

sebster wrote:

Melissia wrote:If you listen to the Republican party, the debt is the only thing that's bringing the US economy down.

Which is why the best thing is to stop listening to the Republican Party until they start being sensible again.

It's funny to because there "God" Ronald Reagan almost ruined the economy with his backwards economic policy's. Not to mention there was nothing "Small and Compact" about Reagan's government.

Alexzandvar wrote:It's funny to because there "God" Ronald Reagan almost ruined the economy with his backwards economic policy's. Not to mention there was nothing "Small and Compact" about Reagan's government.

There was a funny article on the Onion a while ago, that said Republicans, much to their great embarressment, just realised they got Eisenhower and Reagan confused. They thought Reagan was the Republican that actually delivered less taxes and smaller government, but they just got it confused and it was actually Eisenhower that actually delivered that stuff.

Of course, Eisenhower was the guy who delivered the warning about the rise of the military industrial complex, so I can see why Republicans might be keen to forget about him.

Alexzandvar wrote:

sebster wrote:

Melissia wrote:If you listen to the Republican party, the debt is the only thing that's bringing the US economy down.

Which is why the best thing is to stop listening to the Republican Party until they start being sensible again.

It's funny to because there "God" Ronald Reagan almost ruined the economy with his backwards economic policy's. Not to mention there was nothing "Small and Compact" about Reagan's government.

You mean the guy who had 6% growth, yep he sure ruined the economy. Nothing says turnaround like 500,000 new jobs a month, plus joking about launching the B-52s at the evil Rooskies. Mr. Gorbachev tear down this wall!

sebster wrote:Uh, what the article is saying is that in the midst of the crisis, to ensure banking stability, the Feds offered money to the banks at a very low rate of interest. Those funds are now being returned, and to refinance the banks are going to have to borrow at commercial rates of interest. That's it. That's the whole story.

Yup. The unspoken corrolary being when they have to refinance privately, it will cost them a lot more, and the banks may not be able to pony up.

sebster wrote:It's so weird how every time there's an economic downturn, people just figure that this is like nothing that's ever happened before and it must be the first step in a slow and steady march to complete social collapse.

Because it is more fun that way. Praise the invisible hand and pass the ammo!

Why on earth do you think the funds are being returned?

EDIT: er...yea those funds have been completely repaid..wink-wink nudge nudge.

Why do people feel the need to constantly freak out over some impending apocalypse?

Amaya wrote:Why do people feel the need to constantly freak out over some impending apocalypse?

You need to pass the time somehow.

Frazzled wrote:

Amaya wrote:Why do people feel the need to constantly freak out over some impending apocalypse?

You need to pass the time somehow.

exactly

I like the zombie apocalypse idea-I'll go down shooting as many zombies as I can with TNT strapped to my chest. When they inevitably close in for the bites that I can't escape...BOOM muthafethers!

I know God frowns on suicide, but I think he frowns more on zombies.

If you look at old covers of magazines like Time, Newsweek, etc., you'd see a steady march of apocalyptic headlines about the end of capitalism, etc. It's pretty interesting to see how the same stuff just keeps getting recycled by even semi-respectable magazines.

Meanwhile you get the same trash vomited out by FOX and other similar "respectable" news sources, except instead of blaming economic downturns they blame the democratic party.

Because apparently telling people that they can't steal and other such regulation dooms capitalism.

Melissia wrote:Meanwhile you get the same trash vomited out by FOX and other similar "respectable" news sources, except instead of blaming economic downturns they blame the democratic party.

Because apparently telling people that they can't steal and other such regulation dooms capitalism.

Evidently telling the Democratic Party that you can't have multitrillion dollar deficits year end and out dooms capitalism as well.

Frazzled wrote:Evidently telling the Democratic Party that you can't have multitrillion dollar deficits year end and out dooms capitalism as well.

No, it just makes you look like a fool who hasn't paid much attention to history, really.