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Economic Crisis (Read 10334 times)

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Evangel

#41 September 28, 2008, 03:18:47 pm

brown priyde yea mayne
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Quote from: LADIESMAN 282 on September 28, 2008, 03:10:39 am

I'm pretty sure I learned in school that in Norway, during times of economic crisis, transactions are heavily restricted so that people won't take out all their money, allowing banks to survive. Guess that's one of the positive sides of living in a social country??

Also Norway is pretty stable economically. I've read some shit that the stock market had a bit of rumble, but otherwise things are going good. Glad I'm not American! And sure as hell I'm glad I'm taking education. Just imagining what young uneducated families are going through, bet a lot of those guys are losing their jobs atm.

Socialization is not bad at all. It makes for a very stable economy. Like I said, the US touted their economic freedom for so long, and now it's our downfall. When it comes to total economic freedom, banks and institutions are completely irresponsible. A policy like you describe would possibly save our country from a total devastating depression.

keep posting...

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dom

#42 September 28, 2008, 06:04:31 pm

Chapter Four: The Imagination And Where It Leads
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Quote from: Swordfish on September 27, 2008, 01:04:33 am

Do you have any idea how the UK might be effected? I've been trying to follow this but to be honest i know more about politics then econmics and i only know a little bit more then an average person in the UK (as in only a little bit more then not much) about politics (so i have been told).

the uk is already being affected please try and keep up with the world around you

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Ryan

#43 September 29, 2008, 06:18:43 pm

thx ds k?
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Bailout bills fails, DOW is sinking like da titanic

Citigroup buys Wachovia

Last Edit: September 29, 2008, 06:21:26 pm by Ryan

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Artis Leon Ivey Jr

#44 September 29, 2008, 06:29:28 pm

Insane teacher
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fuck I have an account at Wachovia.

brian chemicals

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Jeff

#45 September 29, 2008, 06:38:58 pm

Warning: Harsh
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God dammit man. What the hell is wrong with these people in office.

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Feldschlacht IV

#46 September 29, 2008, 06:45:37 pm

The Notorious M.O.G.
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gg american economy

see you at the bread lines

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kentona

#47 September 29, 2008, 06:57:56 pm

even more eviler than Skeletor
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I wonder if this will lead to The Great Depression II*.

*(I should coin this)

..:: Full game is released. Download it now! ::..

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Vale

#48 September 29, 2008, 07:11:44 pm

Do you know Shinigami like apples? ^______^
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Actually I used that term 10 minutes ago

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`~congresman Ron paul~~

#49 September 29, 2008, 07:27:50 pm

Legio Morbidius
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Quote from: Pidgeotto221 on September 29, 2008, 06:29:28 pm

fuck I have an account at Wachovia.

my bank is there too, but i'm pretty sure it takes a complete meltdown of the entire financial industry to lose your deposits (though arguably we are facing that already so...).

That’s right, you have the young gaming with the old(er), white people gaming with black people, men and women, Asian countries gaming with the EU, North Americans gaming with South Americans. Much like world sporting events like the Wolrd Cup, or the Olympics will bring together different nations in friendly competition, (note the recent Asian Cup; Iraq vs. Saudi Arabia, no violence there) we come together. The differences being, we are not divided by our nationalities and we do it 24-7, and on a personal level.

We are a community without borders and without colours, the spirit and diversity of the gaming community is one that should be looked up to, a spirit and diversity other groups should strive toward.

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maladroithim

#50 September 29, 2008, 07:48:28 pm

Epic Hero
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I have lost thousands of dollars in personal money since the market started collapsing a few weeks ago and I'm really upset that the bailout plan didn't go through. I really hope that some sort of compromise is made soon and a new bailout plan goes through.

By the way the Dow was down over 700 points when I last checked today.

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HL

#51 September 29, 2008, 09:01:14 pm

Will you walk the realms of Chaos with me?
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It's pretty bad obviously, but I'll be more afraid when it drops ~20% (dropping 700 points is just 6%, even if it is a record drop) since that's the percent of how much it went down during The Great Depression initially. It didn't go down so much this time because obviously there is people waiting to see what's going to happen before they go rushing, while the people who are more afraid will cash in early.

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the_nackster

#52 September 29, 2008, 09:28:01 pm

Oy yeah baby!
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Its time like this I feel kind of guilty for accepting all the money the army throws at me begging me to stay in longer... Almost but not quite.

$280 USD Donated GamingW

F*CKING Awsome Games that I support!

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Neophyte

#53 September 29, 2008, 09:39:55 pm

Master of Darkness
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I'm actually glad it didn't go through. The dollar has been saved, for now at least.
We're gonna be in some tough shit for a year or two, but in the long run it's most likely for the best. The Dow can fix itself eventually.

Edit:
Dems in favor: 140
Dems not in favor: 95

Reps in favor: 63
Reps not in favor: 130

EDIT2:
God damn the price of oil dropped more than $10.

Last Edit: September 29, 2008, 09:51:11 pm by Neophyte

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Artis Leon Ivey Jr

#54 September 29, 2008, 09:42:20 pm

Insane teacher
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the best part is they will swing this as DEMOCRATS...DELAYING THINGS WITH THEIR "FAIRNESS" AND "SECURITY".

brian chemicals

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kentona

#55 September 29, 2008, 10:45:00 pm

even more eviler than Skeletor
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Quote from: Pidgeotto221 on September 29, 2008, 09:42:20 pm

the best part is they will swing this as DEMOCRATS...DELAYING THINGS WITH THEIR "FAIRNESS" AND "SECURITY".

Ha ha!

"Now is the time to ACT, not THINK!"

..:: Full game is released. Download it now! ::..

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Grunthor

#56 September 29, 2008, 10:46:20 pm

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I hope they fix this fucking thing soon. My 401k went from just over $4,000 down to $2800, and it doesn't look like the freefall is going to end anytime soon.

Gaming World Mini City: Population, Industry, Transportation, Security Current rank 3950.
Click a different link each day.

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Barack Obama

#57 September 30, 2008, 01:00:46 am

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lol my wife has been buying 1 oz gold coins in between ridiculous consumer luxury item purchases and I always teased her and called her a pirate, but it looks like those things might come in handy one of these days.