Topic: US economy collapsing

Fannie Mae and Freddie Mac bankrupt,Citi Bank bk,WaMu bk,GMC & Ford bk.lehman bk.Price of oil skyrocketing.
Fasten your seatbelts Ladies.

The inmates are running the asylum

Re: US economy collapsing

I don't think any of those guys filed bankruptcy...

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: US economy collapsing

You mean a temporary downturn in the typical upward trend?

Have you seen the graphs of economic growth? Of course it had to burst at some point and weed out the weaker companies.

Inb4 detailed analysis of cheap debt resulting in current situation.

4 (edited by Phoenix Mailer 11-Jul-2008 17:30:31)

Re: US economy collapsing

the question is will govt let them die or will it use tax payer money to revive the dead (to bail out as they call it)

Re: US economy collapsing

well both Bush and top Senate Dem Schumer are saying the federal government will bail out Fannie Mae and Freddie Mac

I say, let em crash

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: US economy collapsing

IndyMac - 28 cents (from $50 in 2006)

$700B a year importing. How do you pay for it?
With land and buildings.

UAE group just bought the Crystler Building.

Its like what happened to the natives, sell your land for beads. In this case you're selling your land for cheap chinese crap.

Re: US economy collapsing

Bernanke is coming to the rescue in his helicopter.

The inmates are running the asylum

Re: US economy collapsing

Freddie and Fanie *have to be bailed out.  They easily fall into the category of too big to colapse.

I'm going to be nicer promise

Re: US economy collapsing

i wouldn't say collapsing

i say, we're gunna be going down hill for a while, well more like we're already in a ditch, i'd say we should hit bottom by the end of the summer, and then from there, should be mostly upward smile

oil on the other hand will continue to rise, and this will most likely slow down the process of recovering but it shouldn't be the cause of a collapse, not yet anyways

Re: US economy collapsing

If one of the big banks goes bust the shit will hit the fan.

The inmates are running the asylum

Re: US economy collapsing

IndyMac has been closed down by US gov...

The inmates are running the asylum

Re: US economy collapsing

I think every 20 years the US has this downward trend. But dont mistake that the US has always come through with breakthrough inventions. this time i expect it to be a hydrogen car? electrfic car? maybe very efficient hybrid? whatever it is it will happen in the US. Everyone can criticize the US but then again you expect us to come up with the inventions to save the world.

I know you will all try to prove that you dont really rely on us. so go ahead but the fact is fact. history repeats itself and i think it will repeat itself once more. get ready for the next 20 years of US dominance big_smile

Re: US economy collapsing

"this time i expect it to be a hydrogen car? electrfic car? maybe very efficient hybrid?"

I have my doubts.  Unless you can make an electric SUV Americans won't buy into it.  Also the hydrogen car has been designed and built, just nobody's willing to sell the thing.  I remember hearing about some country in Europe, can't remember which one and believe me I've tried, that has hydrogen powered busses for public transit.

Regardless even if all cars converted to hydrogen, hydrogen would just become the new oil and the cycle would start over again.  Admittedly it would take much longer to run out of hydrogen than it would to run out of oil, even with what's just on earth I'm pretty sure we could make it til the sun dies.

There are 10 kinds of people in this world, those who understand binary and those who don't.

Re: US economy collapsing

Well i know the hydrogen car is already made. i am talking about making new advancements in which it would make it profitable to mass produce and sell. right now i know it is not profitable and only the mega rich can afford one and you have to be on a list to buy it. But i am sure that if they made some advancements to it americans wont mind driving it even if it did not come in an SUV. They will have to if gas goes to $10 per gallon. And there is new technology in america that scientists are working on that makes batteries very very small. If they work on that they might be able to make an electric car that can run for a long time.

My point is...the new inventions are all being worked on by americans and thus when they come out americans will benefit the most from them.

Re: US economy collapsing

"can't remember which one and believe me I've tried, that has hydrogen powered busses for public transit."
belgium

Re: US economy collapsing

"My point is...the new inventions are all being worked on by americans and thus when they come out americans will benefit the most from them."
- Um, no. All European countries that I know of are working on "new inventions"... kinda logic that they would. Also Russia is and many other countries.

Not totaly sure which super duper inventions that the americans did in the past except Ford (cheap cars).

25 Inventors: Back from Hell (8528) (x:93,y:21) 391 845454 - Dont see them coming back up. Theyre out of the game. Pretender, will finish out of top 30.
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4 Inventors: Back from Hell (8528) (x:93,y:21) 945 57233492

17 (edited by Gladiator 12-Jul-2008 14:39:52)

Re: US economy collapsing

"But dont mistake that the US has always come through with breakthrough inventions."

actually Red Rooster, most of the times scientists from other countries make the design and actually invent it, and then a scientist from america comes along and takes the invention and says it's his own

big_smile wink



and oh, you can bet your ass that america won't come up with the next big car invention, if anything it'll be the japanese tongue

Re: US economy collapsing

Buckminister Fuller already did one

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: US economy collapsing

http://www.dailymail.co.uk/sciencetech/article-1033683/Fill-car--home-hydrogen-fuel-station.html

A fuel station producing enough hydrogen to run householders' homes and cars has been unveiled today.

The British invention, due to go on sale within two years, is roughly the size of a heating boiler and will cost under

20 (edited by Gwynedd 13-Jul-2008 01:25:31)

Re: US economy collapsing

I'm going to buy one of these things when they come out and sell hydrogen fuel at the curb in front of my house, right across the street from the ESSO station, muahahahha, the []...

Oh, and connect the solar array and the wind turbine I've got at the house there, and just retire, lying out in the sun drinking beer on the front lawn, filling up the hydrogen cars going by.

Free money.

Re: US economy collapsing

I wouldnt make light out of a possible collapse of the US economy, if the US goes down the world goes down too!!

Buddugoliaeth neu Marwolaeth

22 (edited by TheYell 12-Jul-2008 21:05:27)

Re: US economy collapsing

Thats true.I

The inmates are running the asylum

Re: US economy collapsing

" if the US goes down the world goes down too!!"
Nah, it will hurt most other countries, but they won't "go down"...

25 Inventors: Back from Hell (8528) (x:93,y:21) 391 845454 - Dont see them coming back up. Theyre out of the game. Pretender, will finish out of top 30.
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4 Inventors: Back from Hell (8528) (x:93,y:21) 945 57233492

Re: US economy collapsing

No we have worse problems, odds are Democrats are going to have full control.  Unless they elect McCain and enough Republicrat Senators to filibuster.  And that's not better at all.

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: US economy collapsing

I dunno, look what Carter brought us... Reagan.

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)