Is the US too big to fail?

Discussion in 'Business & Economics' started by Billy T, Oct 26, 2004.

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  1. Dr Mabuse

    Dr Mabuse Percipient Thaumaturgist Registered Senior Member

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    so they can become fat wealthy morons... lol...

    have you ever read 'Animal Farm' by George Orwell?... i'm guessing "no"...
     
    Dr Mabuse, Jul 25, 2008
    #81

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  3. kmguru

    kmguru Staff Member

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    The fat wealthy morons are the one that will survive since they have more money than basic living requirements. It is the middle class that work for the capitalists that is disappearing. These days , it is better to work for the government and NGOs....Capitalism is dead for the workers....
     
    kmguru, Jul 25, 2008
    #82

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  5. nirakar

    nirakar ( i ^ i ) Registered Senior Member

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    A Nation can't live by WalMart alone; the USA needs to produce something to exchange for all the Chinese made stuff on the WalMart shelves. The Chinese won't loan the USA money forever.

    The USA has a million unemployable macho men in prison. The Chinese factory workers and Mexican illegal immigrants have the jobs that these guys need in order to not return to jail when they are released. American employers don't need to hire screw ups and screw ups can't can't transform themselves into real men if they are not given 2nd 3rd and 4rth chances to become productive members of society.

    Screw ups can't marry the mothers of their babies. The government ends up paying for McHealthCare for the poor because the government is not willing to tell the poor to go crawl into a corner and die and yet the government is not willing to pay for real healthcare. The Mexican illegal immigrants also get free ER McHealthCare under false names when they get sick doing the low wage work that American born screw ups used to do for lower middle class wages.

    All this Chinese merchandise and cheap Mexican labor is improving the standard of living for today's upper middle class but it will hurt their children.
     
    nirakar, Jul 25, 2008
    #83

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  7. kmguru

    kmguru Staff Member

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    If a person killed, assulted, robbed in America, after the jail sentence, because he can not find a job, he is allowed welfare and food stamps. But if the same person was convicted for the possesion of even small quantity of drugs, he can not get welfare or food stamps for one year. So, to feed himself, he must rob or deal with drugs again.

    Is not that wonderful....

    Under U.S. law convicted felons lose their eligibility to apply for Medicare and Medicaid. Housing one prisoner costs a state between $18,000 and $31,000 annually, $33 per day for the average prisoner and $100 per day for an elderly prisoner. Most DOCs report spending more than 10 percent of the annual budget on elderly care. State governments pay all of their inmates' housing costs which significantly increase as prisoners age.

    http://en.wikipedia.org/wiki/Prisons_in_the_United_States
     
    Last edited: Jul 25, 2008
    kmguru, Jul 25, 2008
    #84
  8. Cannon

    Cannon Registered Senior Member

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    207
    This country will fail from greed even though we have all the money. Let that be known to all who do not share to the grateful for the grateful work and the greedy steal. It is not stealing to feed ones self or ones family, for that is happening. But they say there is enough food for all, obvesually there is not. And as so, we have over populated nearly 10 fold of what we should be at. We are growing ignorant, obease, greedy. What more could there be. We kill thousands and thousands more die from hunger. Do everyone a favor, abort more babies, it is not wise for any man to bring more than one child into this world. Keep that in mind for you familys of 6. I can only pray that the worlds population drops to 500 million tommarow or grave things are in store.
     
    Cannon, Jul 25, 2008
    #85
  9. Yorda

    Yorda Registered Senior Member

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    2,275
    according to some prophecies, the US is too big to fall... so... it will divide into 5 pieces.
     
    Yorda, Jul 25, 2008
    #86
  10. Michael

    Michael 歌舞伎 Valued Senior Member

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    20,285
    SO what's happening with Fannie Mei and Freddie Mac?
     
    Michael, Jul 28, 2008
    #87
  11. Billy T

    Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    "... Fifteen months ago ... an Asian Development Bank audience in Kyoto squirm{ed} and fidget{ed} as the chairman of Roubini Global Economics LLC gave his bleak, contrarian opinion that the global financial system was about to hit a wall. ... his direst predictions about a once-in-a- lifetime bust in the U.S. economy come ever closer to reality ...

    How many times in the past year did we hear people say ``this credit crisis is containable'' or ``the worst is over'' or ``subprime-loan problems won't spread to other asset classes,'' and the like? {But} Roubini didn't waver, and he took considerable flack for it. ... Perhaps Roubini, {being} profiled last week by the New York Times, and Whitney means the worst really is over. Of course, they might say it's just a matter of public perception catching up with the reality -- a financial system in tatters.
    One reason to think Roubini won't be proven wrong is his argument that the problem isn't the subprime mortgage market -- it's a subprime U.S. financial system. Fixing the problems sending financial contagion around the globe will require tough decisions in Washington and reforms in Wall Street's securitization system. And that's hardly happening.

    How far Wall Street's reputation has fallen since the collapse of Bear Stearns Cos. was revealed by the Aiful Corp. saga. Japan's biggest consumer lender by assets threatened to sue Lehman Brothers Holdings Inc. in June after analyst Walter Altherr called Aiful "arguably insolvent'' in a report. Lehman retracted the report earlier this month, yet not before Japan's investment community had a good chuckle. The fourth-largest U.S. securities firm, with a share price down 79 percent this year, calling another institution shaky?

    Talk about the proverbial pot calling the kettle black. ..."

    From: http://www.bloomberg.com/apps/news?pid=20601039&sid=aETnD_QSZYWU&refer=home

    "The bigger they are, the harder they fall." is the answer to the thread's question. It is all happing on the schedule I predicted 15 or more months before Roubini did, but he heads a big investment firm and I am just a retired physicist living in Brazil. (where the economy is growing and will not go down the tubes with the US and EU as Brazil has everything China needs.)
     
    Last edited by a moderator: Aug 22, 2008
    Billy T, Aug 22, 2008
    #88
  12. Ophiolite

    Ophiolite Valued Senior Member

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    Is the US too big to fail?

    You mean like the Roman Empire?
     
    Ophiolite, Aug 24, 2008
    #89
  13. kmguru

    kmguru Staff Member

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    Some say Rome fell when it was split into an eastern and a western empire ruled by separate emperors. The eastern half became the Byzantine Empire, with its capital at Constantinople (modern Istanbul). The western half remained centered in Italy. Many say the Fall was an ongoing process lasting more than a century. Since Rome still exists, it could even be argued it never fell. Some prefer to say that Rome adapted rather than fell. A related question, one subject to even more discussion is:

    Why did Rome Fall?

    There are adherents to single factors, but more people think Rome fell because of a combination of such factors as Christianity, decadence, lead, monetary trouble, and military problems. Even the rise of Islam is proposed as the reason for Rome's fall, by some who think the Fall of Rome happened at Constantinople in the 15th Century.

    Causes of the Fall of Rome
    Here are some of the explanations for the Fall of Rome:

    Decay

    Financial Problems

    The Dole and Barbarians

    Economic, Military, Gradual

    Christianity

    Vandals and Religious Controversy

    Division of the Empire

    Lead

    Hoarding and Deficit

    What would be our reasons?
     
    kmguru, Aug 24, 2008
    #90
  14. Ophiolite

    Ophiolite Valued Senior Member

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    It was meant to be a rhetorical question.:wallbang:
     
    Ophiolite, Aug 25, 2008
    #91
  15. kmguru

    kmguru Staff Member

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    11,757
    ...and here I thought, you are writing a thesis...my bad!!!!
     
    kmguru, Aug 25, 2008
    #92
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