Worse than the Great Depression

Quote from PAPA ROACH:

Which strengthens the case that the ONLY way out of this mess is to massively default on all the debt.
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You are correct. That is the fast solution to the credit crisis. Now what to do about the international bankers and foreign owners of our internal equity?
 
Right...its going to be much worse! Hence the title.

Quote from TraderZones:

unfortunately, his arguments are based on a sample size of ONE depression. That is hardly a guarantee that either the economy or situation will unfold in anything like back then.
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Tax revenues are already shrinking at a massive rate at the local levels.

It's no exaggeration to say that we are in the shit.

makloda can delude himself all he wants.

When makloda does capitulate, though (probably around 2011), I'll be a buyer.
 
Quote from hoodooman:

When do you think the stock market manipulators will start jumping out of window. Oh I forgot that they now have golden parachutes.:D :D
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'here's your golden parachute'

'looks like an anvil'

'dont worry, it'll pop open and break your fall'
 
we've never had a credit orgy like this

not even in the Depression

that's what makes the case that it could be worse

at best, we default, and our credit is shot and we are cut off to fend for ourselves

with much of our production capacity sent overseas
 
Quote from swtrader:

we've never had a credit orgy like this
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Don't worry, the bill for it will be 10x the banker bailout, and will take you three days a week to pay for, once Hussein allots the shares out via taxes.
 
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