Quote:
Originally Posted by Pentegarn
I'll ask you, moron:
Where the hell was today's average income per household in those eras?
Where were the profits averaged yearly that today's companies make in those eras?
Where was the GDP of the hundreds of countries today in those eras?
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Nothing you say adds up to the amount of speculative debt the countries of the world are buried under at this point in history.
Do research on derivatives. This economy is being kept afloat artificially by bailout after bailout and now austerity for the masses....not for wallstreet who caused the depression......for you.
Quote:
Originally Posted by Colonel Flagg
I am wrong.
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As stated above.......and this is common knowledge to the average American and European.....there has been MASSIVE amounts of bailouts throughout the investment sectors. Most of these investment houses and manufacturing industries are on a contant stream of life support from central banks.
Derivatives (Toxic assets, exotic instruments,) are dragging down the world economy little by little into this abyss. The 1000 point drop in 1 day was just the beginning, just today the DOW went below 10,000. This is a controlled contraction of the economy. It's not going to look exactly like the depressions of old. They are slowing pulling these nations (including ours) under the water.
Take off the glasses Colonel. It's time to look around at the rubble field.
1.5 Quadrillion dollars and counting of "Toxic instruments". Nothing in history.....counting inflation.....has ever seen this in the past.