Tell Me Why This Is Not The Best Way Out

clacy · Oct 15, 2008

Quote from nazzdack:

1) The ashes could be nuclearly contaminated.
2) The "new system" could be an Amish or caveman lifestyle.

Not right now if we chose to get this thing taken care the right way.

20 years from now however, when most of the Middle East and Asia are nuclear. When the cards (that are being propped up yet once again with paper created out of thin air) come tumbling down, yes, it will become nuclear.

ByLoSellHi · Oct 15, 2008

Quote from PAPA ROACH:

Really, why not let it all crash and burn? Let debt be defaulted and mayhem ensue. Why keep piling up more debt to fix the problems with the current account? I have 3 young kids that don't want to be enslaved to our debt for the rest of their lives. Sure, there would be some years of hardship, but from the ashes we build a new system, a system that essentially starts out with no burden.

I've been saying the same thing for months.

Every time the government has intervened - every single time - they not only have failed to stabilize the markets, but have rattled confidence and created panic.

Recessions are not bad. They go hand in hand with the business cycle.

Letting irresponsible and poorly run companies fail is good policy. It weeds out the weak and vulnerable companies that drain the system, and preserves more capital and support for the successful and budding companies that will thrive in the future.

I've never seen a more socialistic administration, with the gang that couldn't shoot straight (Bernanke, Paulson, Bush), than this administration.

That this is a Republican Administration speaks volumes about how Republicans fail to stand for anything anymore, and further explains why so many true conservatives have nothing but scorn for their party.

dinoman · Oct 15, 2008

A theory with possible, validity that may be worth exploring. Only time will tell.

poyayan · Oct 15, 2008

Quote from AMT4SWA:

I am 110% with you.....let the bodies hit the floor!

http://www.youtube.com/watch?v=sO_QntXc-c4

.....and I feel FINE!

http://www.youtube.com/watch?v=cGqroT1FZ5Y

Just let it *click* *click* *BOOM*

http://www.youtube.com/watch?v=K47W0UTq_9o

Capablanca · Oct 16, 2008

Quote from PAPA ROACH:

Really, why not let it all crash and burn? Let debt be defaulted and mayhem ensue. Why keep piling up more debt to fix the problems with the current account? I have 3 young kids that don't want to be enslaved to our debt for the rest of their lives. Sure, there would be some years of hardship, but from the ashes we build a new system, a system that essentially starts out with no burden.

A communist system? That's one problem with just letting everything crash and burn. By the time its over people might be so traumatized that there is a permanent shift in ideology away from the current one.

Quote from achilles28:
Many top economists and traders agree with you.

Who? Name them.

Moreagr · Oct 16, 2008

Quote from PAPA ROACH:

Really, why not let it all crash and burn? Let debt be defaulted and mayhem ensue. Why keep piling up more debt to fix the problems with the current account? I have 3 young kids that don't want to be enslaved to our debt for the rest of their lives. Sure, there would be some years of hardship, but from the ashes we build a new system, a system that essentially starts out with no burden.

mass chaos..is more likely... riots and plagues and more wars

Moreagr · Oct 16, 2008

Quote from poyayan:

Just let it *click* *click* *BOOM*

http://www.youtube.com/watch?v=K47W0UTq_9o

why would anybody like that first video or type of music?

edit the bodies video.... how depressing

achilles28 · Oct 16, 2008

Quote from Capablanca:

A communist system? That's one problem with just letting everything crash and burn. By the time its over people might be so traumatized that there is a permanent shift in ideology away from the current one.

We've already made the shift from pseudo Free Market Capitalism to 100% European Socialism.

This multi-Trillion dollar bailout is proof of that.

Or are you so naive to think this bailout is just good "Free Market" Economics??

In your world, Lows rates and more debt is the solution to low rates and more debt.

Yet, the Market and Numbers oddly disagree. Don't they??

Quote from Capablanca:

Who? Name them.

Still sore from the ass trouncing you got?

Awwwwww. There, there.

achilles28 · Oct 16, 2008

Quote from Moreagr:

mass chaos..is more likely... riots and plagues and more wars

From a severe recession?

Yea, okay.

More Fear Mongering from the Peanut Gallery.

We must have low rates or suffer massive deflation - thats already happening!

Economies are naturally self-righting.

Its usually when Governments steal wealth by debasing the currency economic turmoil develops.

Maybe flooding the market with endless free money wasn't such a good idea after all, huh?

Look where it got us.

And you monetarists still got your low rates and its not saving shit.

Except the gluttonous banks. At the expense of the taxpayer, of course.

Great System.

lorax2013 · Oct 16, 2008

I think most people who belive in a free market (and freedom in general) agree that people and institutions have to pay the price for their actions. Unfortunately that is now how most govt works. Instead the public is manipulated into "solving" ever growing problems with ever greater loss of our freedoms and larger money giveaways to special interests. Since bankers are the most powerful group in the country, it is not surprising that they are grabbing the wealth of future generations at this moment. Maybe one day people will wake up and vote Libertarian - until then my thoughts are to buy precious metals. It is hard to trade in a socialized market like this when deals/giveaways are being made behind closed doors.