The Current Financial Crisis, What Caused it?
- Thread starter kappainf
- Start date
doitinthewoods
Well-Known Member
Well, it's been years in the making. If you're going to blame anyone, it should be George W. Bush. Thank him for funding wars on two fronts that have lasted 8 years.
keico
Well-Known Member
Ok here is my opinion on why we are in the finacial crisis we are in
I blame the super rich. Now the super Rich is the 6% population that has most of this money in the country. It does not leave much for the rest of the population
Super Rich - invest in business
Business has to show a profit each quarter to appease the investors
Business can't keep showing profits each quarter. What do they do raise prices, layoff workers, try to cut spending
This is a snow ball effect that eventually will cause the business to not keep showing profits
Investors pull there money out of business
Now business can't stay open
He has to closed shop
This has happened time and time again
Businesses that allow investors to invest money are asking for a disaster. Trying to maintain an investor by continually showing profit
Just my opinion on the financial crisis
I
Illegal Smile
Guest
There is no financial crisis that couldn't be quickly cured with massive cuts in government spending and tax cuts to genuinely stimulate the economy. But if we have to blame someone I suggest Alexander Hamilton.
cheriescor3
Member
the central bankers of the world are to blame.google the money changers and watch the video it will blow your mind.here is a link http://video.google.com/videoplay?docid=-2137117051620011430&ei=_Db4SqCiB8PNlQeVmOCbAQ&q=the+money+changers&hl=en#
CrackerJax
New Member
Blame the govt. As soon as the govt. gets into "business" for itself... all heck breaks loose.
The govt. destroys business models and then cries when it bleeds into the private sector.
Of course if the private sector doesn't play along, it is punished by the govt.
The "too big to fail" mentality brings about MORE failure.
The govt. destroys business models and then cries when it bleeds into the private sector.
Of course if the private sector doesn't play along, it is punished by the govt.
The "too big to fail" mentality brings about MORE failure.
Woomeister
Well-Known Member
short term selling, sub-prime lending and poor government fiscal policy.
I
Illegal Smile
Guest
Sorry but my mind cannot be blown by sophomoric conspiracy theories.
Cloud City
New Member
George Bush and the Republicans are to blame 100%. If it wasn't for Bush's wars there would have never been a recession. So thanks belongs to Bush and all of his sheeple for fucking up everything they touched the past 8 years.
The Federal Reserve and Government regulations are responcible.
The FED kept interest Rates to low for to long.
Over stimulating the economy.
The Government encouraged this through various regulations.
And through unfair competitive practices of Freddy and Fanny.
Thats my simple explanation.
The FED kept interest Rates to low for to long.
Over stimulating the economy.
The Government encouraged this through various regulations.
And through unfair competitive practices of Freddy and Fanny.
Thats my simple explanation.
angelsbandit
Well-Known Member
The government allowed, and even encouraged the actions that caused this whole mess, but plenty of blame goes to the people who spent well above their means and are failing to repay their obligations.
ViRedd
New Member
^^^ That's the best post in the thread by far.
Here's a book I'd like to recommend:
http://www.amazon.com/dp/0880801484/?tag=googhydr-20&hvadid=3128452871&ref=pd_sl_66ecjj3msj_b
Dfunk
Well-Known Member
I see alot of finger pointing & distribution of blame on this thread...it's the banks fault, it's the government fault, etc. etc. Has anyone thought about this at all...perhaps it's your fault for buying into bullshit & propaganda & not understanding how the system works. If you've been smart & responsible with your financial situation over the years maybe your looking at all this & wondering why everyone is in a bind...the answer is disgustingly simple. Generally speaking people live their lives with WANTS being their main objective & are never satisified with having just what they NEED. Wants & Needs...for some reason people have a hard time understanding this simple concept.