Understanding the economy....

I am not sure if any of you are interested in knowing about this but I believe I need to share it anyway.
Obama notwithstanding, huge change is upon us.
learn about why and how we can best cope...
http://www.chrismartenson.com/crashcourse
also there are a few youtube channels that are indispensable for keeping up to date..

http://www.youtube.com/user/visionvictory

http://www.youtube.com/user/manoftruth

Both of the guys have a great understanding of what is happening and why. I suggest subscribing to the channels and watch as many of thier past vids to get a clearer picture of what is happening and why it is failing...

or if you prefer to keep your head in the sand..don't bother....

if you have a better understanding I am all ears....  

has any one heard about them putting some of the blame on the bankruptcy laws that were recently happened. i know there stating alot of it has to do with the housing market but no ones mentioning the chapter 11 laws  
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You know I love you all (in a manly non sexual way) Spawn_X

thank you doc... i like to keep my tires in the sand not my head  
solid axle chevys cant be beat
78 K5: 350 V8,700r4,np208, 8 lug D44 4:88, 14 bolt 10.5 4:88 with detroit locker and 35 inc parenelli jones dirt grip tires

1986blazer...if you ingest the info I posted, it will give a clear picture of what is happening/about to happen.....
I don't remember any of the bankrupty laws having much to do with our current fiasco.

Lets just say the *** is getting close to the big fan....  

I must be on the wrong web sight. I had a question about 4x4's.  

You are on the right site....make a thread and ask away....
In fact, if you are serious and not just trolling ask it here and we will deal with it...

I consider the guys I wheel with to be friends and I want to see more people understand why/where our economy is going...
So more appropriate actions can be taken...

It applies to wheeling..if my friends don't have jobs or money, they can't wheel as often.

It would appear you would rather keep your head in the sand....  

GREED and the deregulation that supported it is what led to market and economic collapse. Sub prime mortgages played a big roll here but not only one. The bomb started to tick faster when energy prices spiked to record highs and bleed economy dry of its reserves. It to a while to burst (and it would have burst without energy spike but later and no quite as bad) as everyone started bleeding from it and cutting into reserve for individuals to business and then consumer started buying less because they had less and then industry that made products started to shut down and it spiraled. I could go on and on but greed is the root of it all and investors where trying to squeeze out of it all they could and it blew up in their face. Freddie mac failed because they were trying to sell bonds that their revenues for mortages could not support and they collapsed. Freddie does not issue any loans, it only buys and sells existing loans and takes a profit from that and when Freddie bought into subprime loans on secondary market because they looked like they could profit from them they vested too heavily in them and failed. There is not one single cause but rather several that conditions, government and deregulation provided the environment for the bubbles to grow in and burst. This massive recession is stark proof that GOP trickle down economics (where you give money and tax break to wealthy, investors and business and hope the crumbs trickle down and feed masses) does not work. There was one GOP proposal a month ago made by the loser in election that one way to "help" the glut of houses on market and to start to drive price up was to let investors and well healed but them and hold them for a bit and then pay no taxes on profit for resale at a later date. Kinda robin hood in reverse.  

Snoman
Yes and no...there is much more to it...
look at some of what i posted and it will connect dots very simply.
Greed...??? kinda but not simply.
It basically is the simple fact of personal and governmental entities running ever increasing deficits. That model was unsustainable....And it is exploding.
the housing and credit stuff just added the pressure to break it open....I do not think they were the cause...huge factors..but not causal.  

dont worry about the economy, its your progeny that will be paying off the check the democrats ahh... OBANOMICS???
spend now pay later mentality are writing.
well thats all to say, now the dems have their chonies in wads, the liberals have the table for the next four years and most of us regular everyday Americans have to take a big bite of a huge stinky sandwitch.
four wheelers forever!
wonder what the liberals have planned for us wheelers???  

Docfranco:
Snoman
Yes and no...there is much more to it...
look at some of what i posted and it will connect dots very simply.
Greed...??? kinda but not simply.
It basically is the simple fact of personal and governmental entities running ever increasing deficits. That model was unsustainable....And it is exploding.
the housing and credit stuff just added the pressure to break it open....I do not think they were the cause...huge factors..but not causal.

Oh but it was greed more than you know. Trying to make a buck anyway possible and rather than prosecuting some CEO's behind it, they give them a blank check funded by tax payer money. Then there was accountability issue on the first money given out. Bush was so quick to give it out that it was not even tracked and a lot of it not even secured which made markets shakier because they new Fed was not acting properly and was too free with its money lending. A lot of CEO should be going to jail but they will likely not. If companies and investor were more accountable for their actions they would fail less. They unlike the true captain of a ship who gets the glory when thing go right and the blame when it goes bad, these CEO only wanted the wealth in their pockets and none of the blame or accountability that deregulation and GOP enabled them to do.  

Doc
I am finding this to be very interesting, But when you have no "suplus" (chapter 5), Which I don't think we do..then how do we even get to think about "prosperity". I am sure I need to watch further, but at this point it confirms what I have felt for a while now...we are skrewed.

...anyways, on to chapter 6  

Dave, you are correct. we are in deep doodoo.

it shows that the current plans will only prolong what needs to happen.....
and it still is not helping much...  

Yep. We are actually doing something here for the local community, that I wasn't going to bring up on the site. But since we are talking "economy" I will just give you a brief description.
The wife and I launched OnlyInNorco.com at the end of january, and it is in its "baby-stages", but we are trying to encourage local residents to spend their hard earned money, right here in town. Helping to boost the local economy first.
we do charge Local business owners a MINIMAL FEE, which includes a link to their website at no additional charge, along with all the other pertinent info for their business.
I tell people all the time..."when a family has a tradgedy, the family pulls together. And our economy is pretty tradgic, so we must pull together as a community."
We were actually featured(be it ever so brief) in the Press Enterprise today.
I do my best to spend my money local..even if it costs a few pennies more, it stays closer to home! I hope every one of you will do the same, to boost your LOCAL ECONOMY!  

http://finance.yahoo.com/tech-ticker/article/176478/%22Worst-Is-Yet-to-Come%22-Americans'-Standard-of-Living-Permanently-Changed?tickers=WMT,WFMI,FDO,%5EGSPC,%5EDJI,RTH  

hey doc your right about what you posted. when i was reffering to the bankruptcy laws they changed in the way that now if you file chapter 11 you still have to pay your back where before you really didnt.  i think it has alot to do with it because people either needed to pay there credit cards back or not able to open new ones. which means people are not buying new stuff.  
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You know I love you all (in a manly non sexual way) Spawn_X