My thesis on what happens next.........

Quote from Gringinho:

What is wrong with one currency? Imagine all the bureaucratic savings from having one currency, and the improved transparency, trust.
:)

And if we get lucky enough, we can all pay a world carbon tax too! Everybody!
 
"I believe the US Government, Democratic to the core, will bail out California, New York, Massachusetts and New Jersey, all decrepit Democratic States. Right there you're talking at least 40 billion and they'll piss that away, too."

Don't they account for like 60-65% of income tax in this country, while the majority of the money has gone to the midwest and flood zones....
 
Quote from drsteph:

And if we get lucky enough, we can all pay a world carbon tax too! Everybody!

... at least the farting queen cows with lipstick should pay their dues...

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There will always be problems of moral hazard in a profit incentive based economy.

A resource based economy might work better but unfortunately we have a problem that can't be humanely fixed, overpopulation.

I mean what are we to do, remove most of the worlds population or keep our current situation and have the majority live in poverty.

I just can't see much upside right now.
 
Quote from flytiger:

.... Already there was a murder suicide, and bank robbery based on financial events. If the Governments don't pull out the stops, like they are, they'll be Watts style riots all over the country. The people are not in the mood to suffer Enron style greed when it's their money that's stolen.


We are gonna have Watts Style riots on Nov 4th.

We get theses riots when a team wins the NBA championship. Regardless of the outcome they will find a reason to torch the towns

If you live in a Urban area on Nov 4th stay indoors and stay armed.
 
Quote from flytiger:

If you don't take an interest, if you continue to believe you can get a 'good job' and the man will take care of you, you haven't learned the lesson, and will suffer this fate again.

Hi FT glad to see I am not the only one with a shredded stomach lining been shitting myself for a few years, where we go from here that I don't know.
 
Quote from sophiekay:

What is the point of this thread? And why is it under "Wall St News"? Just asking...

Merely a summary of the fact that there is too much information for the market to absorb and digest. The info is coming from every direction with a few wild cards (Europe, Asia, John Q public USA) thrown in for good measure.
 
There will be no riots on election day because Obama will win easily. What happens when 20,000,000 people find out they'll never be able to retire? Nothing! They're already resigned to it. The working class, and that is the overwhelming majority of Americans whether they want to admit it or not, will bitch, moan and little else. We'll be appeased by all that jail time you speak of.
The people of this country are weak and soft. They have no stomach for anarchy. We'll die quietly!
I'll leave you with this...how do you boil a frog to death without the frog knowing it? Do you bring the pot to a boil then throw the frog in? No, the frog will jump out. You put the frog in some nice cool water and he gets real comfortable and you slowly bring up the heat. The frog will just sit in there and cook. See the connection? I knew that you would.

Edit: The only way out is a third world war and our new Prez Obama will start it in Pakistan. The nukes will fly, guaranteed.
 
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