Financial Crisis

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Just for fun, what do you think will eventuate from the financial crisis?

If you state other write down what you think below.

Why does everybody say Great Depression but not Long Depression?

Other. The government will find some other way to artificially stimulate the economy so that people and government can borrow more and put their children in a worse position. When the actual economic collapse happens many years from now, the current crisis won't be seen as that big a deal.

It will probably slowly improve over the next year or so, with a lot of ups and downs along the way. I think the biggest thing hurting the economy right now is people's fear. People get scared about losing their jobs, and all of the negative things they see on the news. This causes them to quit spending, which further hurts the economy. This goes to show you how much the economy is so inter-connected. It's like a row of dominos...when one goes down, they all go down.


I hope the current crisis teaches everyone a lesson about greed, poor spending habits, and irresponsibility, but if we ever emerge from this, I imagine people will go right back to their old bad habits.

Last edited by SilverStar on 30 Jan 2009, 12:05 am, edited 2 times in total.

I think it will probably improve somewhat over the next year, at least here in America. But if it doesn't, i'm pretty sure we're looking at a great depression.

The third option left me going "wtf?"

But yeah. The financial situation is really hitting everyone hard. One of my mother's friends was just laid off and several of my brother's friends/people he knows are out of a job as well. It's pretty scary. There have been so many houses in my neighborhood that have been put up for rent or sale over the last year. it's pretty scary.

I don't think it'll be a great depression. A very good depression at best.

WTF does "eventuate" mean anyway?
How 'bout dumbing it down for us 'tards once in a while?

LOL. well, maybe you're right. not a great depression, but still a depression.

Very long, the report from Davos is 40% of the world's Capital has been destroyed.

That was 2008, 2009 is going to be worse. Foreclosure is this years industry.

It took hundreds of years to form the Capital. Mostly it came from Colonialism, genocide, and looting the earth and oceans. Those oppertunities no longer exist.

Government, Banks, the Stock Market, can no longer be trusted. They are an organized crime family.

Paying for the War Babies Social Security, giving back their retirement accounts, would have bankrupted the government and Wall Street, so they bankrupted the country first.

Harvard teaches people to think big.

Other: A couple years of recession, then recovery and business as usual.

I doubt it. Things are bad... very bad. There are going to be lots of unemployed people both in your country and ours here in the UK. Governments are going to carry on making scapegoats of bankers to save their own necks, and that will continue to cause resentment that will be directed at those banks, the people that run them, and capitalism in general. There will be a drift towards socialism now the proles have finished gorging on the excesses of capitalism and want the soothing hand of the state to ease their indigestion, although they'll miss that hand picking their pockets in the process. During the transition there'll be rioting, transitory martial law, internment without trial, and all the other nasties that politicians who are losing control resort to. Expect mass strike action with the resulting loss of services you take for granted -- electricity, refuse collection and fuel supply. Think of that set within the context of inter-racial tensions that already exist, including the large muslim population of Europe, and the inevitable major terrorist incident. Think, too, of the pressure placed on countries like Russia and China. How might their political elite react? How about Iran and N Korea now they perceive the US as weakened? What's unfolding will shape the rest of your life, Orwell.

Of course I may be wrong. I really hope I am.

I say that we have riots, global breakdown of civilization, starving people resorting to cannibalism, and ultimately all out nuclear war, with the mice left over to restart the evolutionary process.

People say that mice will survive a nuclear war, but you know what I say?

We need bigger bombs.

I say: not only will a nuclear war ensue, but the resulting explosions will trigger a vacuum metastability event, resulting in the destruction of the entire universe.

And all because the American middle class just had to have their own homes. Bastahdz.

As Stephen Colbert would say:
Great Depression? Or Greatest Depression ever!?!?

Here is what I think will happen. As the economy struggles, more and more businesses are going "out of business." One of the most recent shocks has been the closing of Circuit City. As this happens, there are fewer competitive businesses to compete with the survivors. If the trend continues, there will be a surprisingly small amount of businesses left---therefore allowing the survivors to set whatever types of prices they want. I will truly worry if Wal Mart goes out of business--although I don't like going to Wal Mart.

Walmart is not likely to go out of business; currently, it's doing relatively well as people will tend to scale back and shop at lower end places (like Walmart) when things are tight. If Walmart does go under, it's pretty much a sign of the apocalypse.