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CAVEMAN 02-25-2009 05:38 PM

2009 CRASH
 
I don't agree with everything GB says, but he does have a point here.....

Where does the madness stop? See link below:

http://www.youtube.com/watch?v=YDEe0Ai6lTM

CAVEMAN 02-25-2009 06:37 PM

WOW......crickets........no replies:laugh:

Crisco 02-25-2009 06:41 PM

Can't view youtube at work. What happened?

CAVEMAN 02-25-2009 06:47 PM

Basically, Glenn Beck reviews just how much money the Federal Reserve has printed up in the last few months and how it is devaluing our money. But yet some how we are going to get this economy going again......

If you get a chance after work, you should watch the vid.

VCURamFan 02-25-2009 06:55 PM

Quote:

Originally Posted by CAVEMAN
Basically, Glenn Beck reviews just how much money the Federal Reserve has printed up in the last few months and how it is devaluing our money. But yet some how we are going to get this economy going again......

If you get a chance after work, you should watch the vid.

Is this the "Hockey Stick" segment he did with the scissor lift?

Crisco 02-25-2009 06:58 PM

This country is F-d no matter what happens or who is President. The economy will have to adapt and fix itself in the end. The best we can hope for is no terrorist attacks.

VCURamFan 02-25-2009 07:03 PM

The economy was doing a fine job of self-correcting & adjusting until a) The federal housing "fix" hit; and b) the government starting trying to "help".

See, the beauty of a capitalist system is that it takes care of itself. Yes, there will be recessions, but they don't turn into depressions unless someone does something to exacerbate the situation.

In the 1930s it was a combo of a natural recession, the dust bowl & the lack of able bodied men (since so many of them had died in WWI).

Now it's a combo of a natural recession, Fannie May, & the Stimulus Bill.

NateR 02-25-2009 07:19 PM

Quote:

Originally Posted by CAVEMAN
Basically, Glenn Beck reviews just how much money the Federal Reserve has printed up in the last few months and how it is devaluing our money. But yet some how we are going to get this economy going again......

If you get a chance after work, you should watch the vid.

I watched this video a couple of weeks ago and talked about this in another thread:

Quote:

Originally Posted by NateR
Back to the hyperinflation, when Germany started printing money out of control, prices skyrocketed to unbelievable levels almost overnight.

This is a 50 Mark note, which could buy 25 loaves of bread in 1920 (equivalent to our dollar, bread is about $2 a loaf right now).
http://www.romanbritain.freeserve.co...s/image007.jpg

This is a 5,000,000,000 Mark note (that's 5 billion). In November 1923, you would have needed 40 of these to buy a single loaf of bread (equivalent to $90 billion for one loaf of bread).
http://www.romanbritain.freeserve.co...s/image011.jpg

Within hours, you would have needed 80 of these to buy half a loaf of bread. That's how quickly it can all fall apart.

There were many factors that played into the collapse of the German economy, but the basic premise is sound: If you print too much worthless money, eventually ALL of your money becomes worthless.

But it's not all bad, you can always use the worthless bills for wallpaper like this German in 1923:
http://upload.wikimedia.org/wikipedi...ldscheinen.jpg

And the street sweepers will have plenty of work to do, like this Hungarian whose country suffered from hyperinflation in 1946.
http://upload.wikimedia.org/wikipedi..._utan_1946.jpg

CAVEMAN 02-25-2009 07:59 PM

Quote:

Originally Posted by VCURamFan
Is this the "Hockey Stick" segment he did with the scissor lift?


Yes!

CAVEMAN 02-25-2009 08:02 PM

Quote:

Originally Posted by NateR
I watched this video a couple of weeks ago and talked about this in another thread:



But it's not all bad, you can always use the worthless bills for wallpaper like this German in 1923:
http://upload.wikimedia.org/wikipedi...ldscheinen.jpg

And the street sweepers will have plenty of work to do, like this Hungarian whose country suffered from hyperinflation in 1946.
http://upload.wikimedia.org/wikipedi..._utan_1946.jpg

I did not catch that one! Scary, isn't it?


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