SpankyMcLankey

is it just me or are we trying to stay in debt?

'Bruno' sashays to box-office fame with $30.4M (AP) - Yahoo! Movies

when there's 30+ million dollars spent every weekend at the movie theatres and professional athletes are getting millions of dollars to play a game.

Salaries of Professional Sports Players

the white house gets a couple thousand letters a day. imagine, there's THOUSANDS upon THOUSANDS of dollars every week wasted by sending letters to the white house that no one will ever read..

there's SOOO MUCH money wasted on pointless things everyday.

does it really seam like we are trying to get out of debt? we just nearly tripled our debt in the last 3 months.


what the fuck is going on?

Grieves

resource management is going to be the downfall of western society...either do something about it or enjoy the decent...

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Mafoo

i was thinking about resource management yesterday. think of how much money an average american will spend just on automobiles and expenses related to them. since the dawn of the age of consumerism people have forgotten frugality and sense in general.

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PLUR
For once you have tasted flight you will walk the earth with your eyes turned skywards, for there you have been and there you will long to return

cantSEEme

i'm pretty sure we are all guilty of spending money on frivolous things. those five glass bubblers you probably don't absolutely need. this computer, those cd's, that poster hanging on your wall. but, at the same time i know what you're saying.

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Grieves

at the end of the day, NO ONE is going to tell me what to spend my hard earned money on though...

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cantSEEme

exactly. whats the point of breaking your balls if you cant have a little fun with the small amount of money you make?

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wellfleation

Yes, they do right now in the form of taxation. It's for the good of the common man and is needed, whether those Libertarian/Republicans believe it or not. It's the bridges to know where that need to stop as tag alongs to otherwise decent bills.

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FIGHTPOWER

_tyranT

If people would appreciate the smaller things in life they could accept there reality and have a bigger savings account.

don't trip on whats real.

Grieves

the fuck are taxes?

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patriot

My friend brought up two very good points recently. First, he said that if hemp were legal, we truly would be the richest country on earth by far. We would be energy independent again, and there woiuld be an abundance of jobs for all. The country and economy would flourish.

The second point he brought up is there is no intention of restoring the economy.

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A true patriot is always ready to stand up against his own government.

We can't be using plants that come from the Lord for beneficial purposes. Now hurry up, or we'll be late for church.

The bigger the lie, the more people will believe it.-Adolf Hitler

Legalizing marijuana won't grow our economy-Barack Hussein Obama 2009

SpankyMcLankey

wat

The Rev

The economy is already restoring itself. Government spending may have slowed it down, but as long as people are capable of making informed business decisions, it will take more government intervention than there already has been to bring the economy down.

The thing that interests me now is what's going to happen to all that cash the government money hose has been dousing the country with. That's the big unknown. I would say the greatest likelihood is widespread inflation, but that's not certain. We may just have a great deal of (highly profitable) turmoil in places like the stock market, etc. It depends on how much of the extra bank reserves the Fed can (or will) reel in before it gets loaned out.

More interesting times ahead...



The Rev

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wellfleation

Most of the money has not even been released yet.

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FIGHTPOWER

Being

They are too damn selfish to care about anyone else. They don't realize that if you don't help the poor man keep surviving, there will be no one to continue to funnel all of their earnings into the rich mans pocket.

selfish selfish people. its what pisses me off about the tea party movement. that and its not a true grassroots movement but claims to be.


They are also to selfish about the healthcare issue. yeah so what obama has laid out isn't perfect economic wise, but isn't it more important to provide care for your common man? Is money more valuable to you than humans lives?


shit.

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R.I.P. Gov

Dr. ShinDig

i know, my beer fund is quite staggering when you look at it over a 30 day period. all that money wasted in order to get me wasted..

I'm American all right

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patriot

The economy will restore itself. It's the same way that BHO says it won't work. When the two fastest growing industries are corrections and collections, it caught up. They are putting themselves and all of us out of business.

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A true patriot is always ready to stand up against his own government.

We can't be using plants that come from the Lord for beneficial purposes. Now hurry up, or we'll be late for church.

The bigger the lie, the more people will believe it.-Adolf Hitler

Legalizing marijuana won't grow our economy-Barack Hussein Obama 2009

John F. Kerry

the good thing about this is the realization that if your slightly more attuned to the truth of whats going on than the average person then u can benefit from seeing things as they really are and not getting taken all the time.



you dont need a shamwow,

or a course to sell real estate

or a new credit card,

there you already got the edge on "the average american"

Dozer McDozer

pfft sure people like us waste money... i mean add all that up and would even come close to the shit that rich people have at their disposal.

i'd say grieves is right, either just enjoy the descent or do something about it...

i'd like to believe that the night is just darkest before the dawn shit though...

so... i'll leave it up to ya'll smart people to figure out. i'd rather just dig a hole or plow a field ffs... sick of thinking... you know

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Condemnation without investigation is the height of ignorance. - Albert Einstein

Properly trained, man can be a dog's best friend - i'll get his name once i get book back

badgoalie85

spanky all the things you mentioned have absolutely nothing to do with the poor state of the economy.

spending money on movies does not increase the nation's debt.

sports franchises spending money on players also do not increase the nation's debt.

in fact, both of those things you mentioned actually help to stimulate the economy.

soooo you're dumb.

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Pursue happiness.

To each his own.

The Rev

And that is the interesting aspect to the whole affair. Money in circulation has increased dramatically over the last year or so, but not by the amount that the monetary base has (over $1Trillion). But like you say, all of that is sitting pretty in the Fed, covering banks in case they face insolvency. The theory is, as the economy strengthens, the Fed will mop this cash back up, and it will never hit the street. On the other hand, once the banks are back on more solid ground, the meager .25% interest the Fed is paying them to hold those reserves may not seem like enough, and they'll want to start lending. If THAT happens, we are fucked like an unconscious freshman in a room full of drunk frat boys. Inflation will go hog wild, and there will be so many bubbles that the economy will look like a jacuzzi.

Of course, even Krugman and Bernanke know that this will happen, so the interesting thing is, what happens if the money gets mopped up? Are there effects from generating all this dough no one has thought of. Also, CAN they mop it up? The fed reduces funds by selling off assets, but everything they bought to run up the base is so toxic that there's no way anyone will want to buy it. Maybe they can sell off treasuries instead, but if inflation is looming in the minds of buyers, they might not be able to do that either.

Either way, this whole event will be one for the econ textbooks.



The Rev

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