$700,000,000,000 Best case scenario (and it sucks)

[TDC57]

I'm just wondering if everyone knows (or cares) that when congress passes the “bail out bill” it will cost on a average each individual in the USA approximately $3,580.00 , not just the working class, I'm talking about every man, woman and child and illegal per CNN.


Worse case per the “expects”
http://www.yahoo.com/s/961950


Personnel I'm thicking about meeting with a finical broker to reviewing my options about pulling out all of my 401k & life savings and will be buying gold!.. That way regardless / whatever the dollar is worth in the future, gold is a world wide commodity..



Your thoughts on the subject ?..


P.S.
Not trying to start anything just curious to see what your thoughts are on the mater and if is it changed your spending habits (?)..:wink:

[plettenbergs]

a must see video...http://www.youtube.com/watch?v=NU6fuFrdCJY

[TDC57]

Originally Posted by plettenbergs

a must see video...http://www.youtube.com/watch?v=NU6fuFrdCJY

WOW the government took it off the air (?) WTF happened to freedom of speech ????.


I guess the truth hurts..

[spaz163]

To be honest I am not much of the politcal type but 700 billion dollars is a lot o cash. What would happen if instead of giving it to wallstreet... they split it up evenly amongst all of the legal us citizens... I don't know off hand how many people are in the US right now but I bet it would be a decent chunk of change for each person...

[pb4ugo]

Originally Posted by spaz163

To be honest I am not much of the politcal type but 700 billion dollars is a lot o cash. What would happen if instead of giving it to wallstreet... they split it up evenly amongst all of the legal us citizens... I don't know off hand how many people are in the US right now but I bet it would be a decent chunk of change for each person...

Redistribution of wealth, the founding tenet of communism.

[JThiessen]

Originally Posted by spaz163

To be honest I am not much of the politcal type but 700 billion dollars is a lot o cash. What would happen if instead of giving it to wallstreet... they split it up evenly amongst all of the legal us citizens... I don't know off hand how many people are in the US right now but I bet it would be a decent chunk of change for each person...

That would come to about 425 bucks per person. Woo Hoo......

My thought(s):
Everything in our country is overpriced - from houses to medical to common labor to stocks to even RC's!
Jobs are being exported overseas in bundles because our US owned companies can get labor cheaper overseas.
Our financial market as it exists today has been overinflated by funny financial engineering and speculation.
The way things are going, if you aint got it now, you aint gonna get it. And for many, your gonna lose it because you are going to loose your job to someone overseas. Why, because you (and I) wont work for 10K a year, 'cause I make 90K a year doing it now. Nor can we - we couldnt afford to live on that.
The one and only way to bring things back to where they "should be" (justified financial market based on real numbers, housing that people can justifiably afford) is for this thing to crash. The majority of the loosers are going to be those that live via credit. But generally speaking, they have set themselves up for this fall anyway. Yes, there will be some collateral damage, but in the long run, we will be better for it.
If anything, what our government needs to do is take a lesson from FDR, and create real jobs with public projects (roads and dams were what they did - maybe alternative power plants or something is what we could do). Put Americans back to work and they will start spending. Some banks will survive. Others will start up.

[TDC57]

I'm forwarding that Video to everyone at work tomorrow.. GREAT Pull...

[plettenbergs]

VERY SCARY!...i am sending it to everyone i know!

[jayjay283]

they said it didnt pass ?.. wtf

[TDC57]

Originally Posted by jayjay283

they said it didnt pass ?.. wtf

It didnt pass now we are on to Plan "B" http://www.yahoo.com/s/962000

has this changed your spending habits

IMO this is what has caused a lot of the problems people freaking out, not believing in the system(banks) and drawing thier money out and the banks are not equipped for this. We need to go about our business as usual, buy products as you normally would. I believe with the changing of the President no matter who it it we will have the perception things will improve and in a lot of cases this is all that is needed

in this economical climate it is the time to buy especially real estate if you can afford to, this is the time the rich get richer and the poor get poorer

[jayjay283]

I hope Sarah wears a bikini Thursday LOL


In seriousness i took 580K out of the nasdaq and put it in bonds, Im friggin scared, I dont mind being poor now but when im 50 Im sitting on a sail boat in San Juan, Thats saved from you tech dorks needing Y2k upgrades, dont see another opening for me, thats my fun. no way im going to lose it

[plettenbergs]

a BUDWEISER THONG!

[jayjay283]

Originally Posted by plettenbergs

a BUDWEISER THONG!

Im glad that pics fake, I suspect better legs LOL