The Crash Of 2009...

[GARB55]

Interesting, regardless of your political choice.

 

[Z71kris]

interesting, I think I will bury my money and stick my in the mattress, or something like that...

[Matt_]

IMO fear mongering is playing a major role in this "crisis".... People hoarding their money and not spending it is the nail in the coffin.

[stadt11]

That's one hell of an eye-opener!

[MarkD]

interesting, I think I will bury my money and stick my in the mattress, or something like that...

 

His point is not to bury your money, next year it wont be worth more than the dirt around it. Buy Gold with it NOW , then bury the gold.

 

I'll help ya!

[Matt_]

.... I wasn't replying to his post about burying his money (that's why I didn't quote him)... I was giving my opinion as a general statement on the crisis.

[VMax2007]

IMO fear mongering is playing a major role in this "crisis".... People hoarding their money and not spending it is the nail in the coffin.

 

 

+1 bagillion.

 

The Sensationalistic Media isn't helping either.

[DofD]

Interesting video. While it is true that sensationalistic media is not helping an already panicky public. He does make good points though. Trying artificially stimulate an economy by pumping in hoards of cash is a recipe for disaster and can result in a global devaluation the currency. It's happened many times in other countries. When a currency is devalued it can result in excessive inflation rates in the originating country. The difference right now is that the various financial markets are so integrated and there is so much foreign investment that other countries cannot afford to have the US currency devalued otherwise they risk financial collapse themselves. This would then cause a global financial collapse. So the US currency value is being artificially being kept alive by all the foreign investment nations to avoid their own financial collapse.

[GARB55]

Wonder how many jobs it created in order to print all that money? Or did the just tell the computer to increase production<<

[thecraft]

IMO fear mongering is playing a major role in this "crisis".... People hoarding their money and not spending it is the nail in the coffin.

 

 

+1 bagillion.

 

The Sensationalistic Media isn't helping either.

 

Agreed.

[Wingnut]

I'm surprised that somebody in the media STFU about Octomom long enough to do some bad math.

[jnpaddison]

Ammunition - Currency for the new Millennium

[Nick The Great]

 

There's not even much we can do about it . . .

[onac255]

Ammunition - Currency for the new Millennium

 

 

Amen...

[AllBlkdOut07]

Well Matt and I did our part by recently spending $ on our trucks and putting $ back into the economy.