How ****ed are we?

[Lancer]

Originally posted by Kidicious


Next spring is not going to be a good time to look for jobs. That much is certain.

Well, we could just stay there as long as this one deal I got keeps paying which looks likely. Just wait it out.

[Kidlicious]

Originally posted by Lancer


Well, we could just stay there as long as this one deal I got keeps paying which looks likely. Just wait it out.

Is it still cheap to live in PI? If you have a savings you might just live there?

[Lancer]

That's plan A in 4ish more years. Yes its cheap. You should read my threads on the Phils. There's lots of them.

[Ecthy]

If he has savings he's going to lose them soon.

[Pekka]

How does this affect the dollar? I mean... all you guys with savings, pensions and whatnot... What if the dollar loses enough value, you've got what, 10 cents on a dollar, making you poor as hell, then you've got funny money and then no one wants the dollar, especially the Chinese who you're trading with and they've got bunch of them so they'll just dump it right after, then everyone wants to dump the dollar and the only people left with them is the workers and saving people, that is the poor and the middle class who don't own anything. Then what are you going to do?

Will Obama come to the rescue? No wait, the question was, how does this affect the dollar and what are you going to do to save it?

[Pekka]

It's obvious I don't know anything about the economy. But what if you keep printing money, that means the dollar loses more value, isn't there some kind of a critical point of no return? At least in theory? How much into debt can you really go, until no credit hombre? And to be fair, isn't inflation bad for the poor and middle class anyway? THat's like an extra tax right there, when the currency loses value. What I'ms aying is that unless something is done, none of you youngsters will have much services available, just one huge ****ing debt. Basically saying that every time they print more money, every time your savings go down just a little bit.

Then again, US is still rich in its resources and thingies, so at least it will bounce back.

[Kidlicious]

Originally posted by Pekka
It's obvious I don't know anything about the economy. But what if you keep printing money, that means the dollar loses more value, isn't there some kind of a critical point of no return? At least in theory? How much into debt can you really go, until no credit hombre? And to be fair, isn't inflation bad for the poor and middle class anyway? THat's like an extra tax right there, when the currency loses value. What I'ms aying is that unless something is done, none of you youngsters will have much services available, just one huge ****ing debt. Basically saying that every time they print more money, every time your savings go down just a little bit.

Then again, US is still rich in its resources and thingies, so at least it will bounce back.

In order to sustain the economy it was necessary for credit to grow more and more each year. This is no longer possible. That's the real problem we have here. Usually you can use credit to get out of trouble, but not this time.

[One_more_turn]

We will be lucky if the unemployment rate stops at 12% this time.

S&P 500 could go all the way to 500 next year.

It won't be as bad as 1932, but uglier than anything since then.

[Lefty Scaevola]

Re: How ****ed are we?

Originally posted by Lancer
How ****ed are we?

You all are ****ed. I am just fine.

[Patroklos]

Armed? Check.

Generator and fuel? Check.

RO/DI filter? Check.

Inexhaustable supply of ramen? Check.

I'll be just fine

[Kidlicious]

Originally posted by Patroklos
Armed? Check.

Reality check. You're a supply officer for the Navy!

[Japher]

Reality check. I've had the same two packages of ramen in my pantry going on 12 years. So, inexhaustable supply isn't really a quantity of ramen I grasp.

[Velociryx]

Odd question:

If the world's supply of Ramen Noodles were simultaneously dumped into the oceans, how much would global sea levels drop?

-=Vel=-

[Patroklos]

Reality check. You're a supply officer for the Navy!

You realize that almost all combat watches (two exceptions) are manned by every officer on board in rotation regardless of their billeted job, right?

I was talking about my private weapons, I doubt being holed up in a destroyer will do me much good

I've had the same two packages of ramen in my pantry going on 12 years.

You think those are the same packages? Obviously you know nothing about the mating habits of ramon, those are at least the fourth generation ancestors of the original packages you bought.

[Pekka]

Kid, right. And it's not like credit has been used a lot in other countries as well, but it seems that the headlines now are about the US. I guess we just want to avoid the domino-effect right about now.

So how does one come back from a situation like this? I see, without knowing anything about the economy, that the most important thing is to protect the dollar. Because the last thing we want is the working people losing the little savings they might have. Right? That's the worst case scenario. So, in order to do that, dollar must be protected. In order to do that, just... spendings must be cut, I don't see any other way. And of course make money while at it, and try to keep the middle class and lower class as healthy as possible so they continue to consume, I don't see any way of that happening unless they get a tax cut or at least continue the status quo and do something about the current situation, but what can be done really?

The government came in to save the banks, should they now save the people? Pay some of these new overheads, some of these crushing interests that are growing, so people can keep their homes, the ones that didn't already lose them?

I think shipping jobs overseas will make this situation even worse. What is needed is productivity and incentives for the employers who employee Americans and create American jobs. Can't compete with the Chinese? Well ****, no one can. There's a huge trade imbalance with them anyhow, I don't see this getting any better by making big business have all these tax cuts, so they can compete better, meaning that they will definitely take those jobs overseas in the future as well and try to dominate the Chinese in China, it's a battle for the next decade that they'd like to do right now and are doing it, but at the end it'll bite all of us in the ass and the few will get very mega rich in the process, but that money won't trickle down. I don't know why people should be begging for their mercy anyway. Screw them, the ones not creating jobs even when they very well could.