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Only WW3 and 1 billion dead could save the economy :D

Where have you been for the past 3 years??

If Pepsi follows anytime in the next months it is without doubt inflation. If it doesn't, it would be only a Coca Cola problem. :) I dont drink soda.

I have considered moving to Canada. I heard it is a better country to raise a family and its has many long term opportunites. I will visit it soon and do research. Can you buy guns over there?? I love to have guns.

How different is Canada?? How is the crisis affecting you guys??

I plan to do the same by my 70 birthday for retirement. In prison they would take care of me better than they would at an elderly home center. Hopefully that's 40 years away. :D

They created the stock market bubble. Not wanting to allow it to burst they creating a new one and now we are testing the mighty power of the printing press; trademark Bernanke.

I would go as far as 1913 with the creation of the FED. Instead of creating the FED what needed to be abolished was fractional reserve lending. Remember "Lender of last resort"?? How about now?? "Bail out of last resort & Debt monetized" I would go as recently as 1971 when gold/dollar ratio...

The housing bubble inflated by the Fed loose monetary policy, fiscal deficit and exotic financial Assets (better called financial weapons of mass destruction) caused the economic hardships we now find ourselves in. But this bubble is not bursting fast enough, again, aided by the Fed and...

I usually dont get many rational and coherent thoughts around here. By simply doing a marginal cost analysis you prove your point beyond any possible doubt. What many here dont realize doing a MC analysis at the peak point took be to make a strategic default. Every company does this...

Agree. Maybe then we could put Paulson and his Goldman boys in there.

It will be interesting how the masters will design the new rules of the game.

An easy way out is to leave the country. People forget the only purpose of a college degree is to get a good job. It is nothing more than an investment. Obviously many good things come extra when you go to college and you get your hard earned degree. But there is only one...

Few people become aware :cool:

I am happy for you. They wont get from me 3 cents. I rather go to jail.

That's why I miss my american express. :( :(

It mattered at the time when I was in deep tight budget. I was paying for everything while my wife was finishing her BS to be an RN. Minimum payment in all 4 CC was like 200 and increased close to 500. I was force to a default; a mathematic certainty. By the way, I calculated how much a monthly...

I have also heard horror stories from friends and people I know. Some guys took short selling in their home mortgages to save their credit somewhat. Guess what?? They reported the difference as capital gain to the IRS and they have gone from bad to WORSE!!!!. CC companies have sold your...

If that is true I did not know it. Nor did anyone in my network. But how can that be true when minimum payment doubled in all of them??

Good for you. Non of my CC wanted a deal, I warned about my inability to pay if rates tripled; but I was ignored. Many months later when debt had risen they tried to offer me deals which I ignored. My car loans, student loans have been paid. They did not change rates, nor they bothered me at...