im not sure but we're already in such a huge recession and so many people are losing ALOT of money. like in one day my dad lost $7,000 out of his retirement account because of how badly everything is going and it's just getting worse :/
------- i want to have my cake and eat it too :l
3:34 pm on Oct. 12, 2008 | Joined: Nov. 2006 | Days Active: 288 Join to learn more about MischaELLECalifornia, United States | LesbianFemale | Posts: 3,243 | Points: 6,572
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allsmiles
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Quote: from rijames99 at 11:21 pm on Oct. 12, 2008
I don't know whether it's true or not, but "they" say we could never have a depression as great as the last, since most accounts are now insured by the FDIC. We also have a lot of foreign investment in American corporations, and Americans have investments in foreign corporations. Both of these help stabalize things when the domestic market is bad, i think (hope)
Well... your government's already over 10 trillion in debt... and that insurance only lasts whilst your government is keeping up with the repayments...
------- When they leave me, they're all smiles. When they leave you, they're in tears.
3:42 pm on Oct. 12, 2008 | Joined: Aug. 2007 | Days Active: 565 Join to learn more about allsmilesEngland, United Kingdom | Male | Posts: 8,804 | Points: 15,779
palepalepeach
Visionary Patron
I'm not sure, but I would lean towards no. It's worrisome to think about either way, though.
I never thought it would get this bad. But at least the price of gas is going down :/
4:06 pm on Oct. 12, 2008 | Joined: Mar. 2007 | Days Active: 410 Join to learn more about palepalepeachWisconsin, United States | Bi-curiousFemale | Posts: 4,875 | Points: 9,593
Young Deezy
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Quote: from palepalepeach at 4:06 pm on Oct. 12, 2008
I'm not sure, but I would lean towards no. It's worrisome to think about either way, though.
I never thought it would get this bad. But at least the price of gas is going down :/
lol yeah
------- I'm from Africa, BITCH!
8:31 pm on Oct. 12, 2008 | Joined: July 2008 | Days Active: 251 Join to learn more about Young DeezyCalifornia, United States | StraightMale | Posts: 5,758 | Points: 3,443
osmoticdespair
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It will calm down until the babyboomers all retire then suddenly there will be no money as all the young people will have like a gazilion old people to work for as well as themselves and any children they have. Euthanasia may or may not be resorted to at this point.
------- Κύριε ἐλέησον
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I don't know whether it's true or not, but "they" say we could never have a depression as great as the last, since most accounts are now insured by the FDIC. We also have a lot of foreign investment in American corporations, and Americans have investments in foreign corporations. Both of these help stabalize things when the domestic market is bad, i think (hope)
