Quote of the Day
Filed under: Quote of the Day
"The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War. The crisis will leave many casualties."
- Former US Federal Reserve chairman Alan Greenspan said in remarks published Monday.
[Image via WENN.]
Posted: March 18, 2008 at 7:46 am
FIRST BITCHES!!!!! HA
first bitches
fuck my butthole!
yuck
Loves it! My favorite post in a while, well not the text, but the pic
1st biatch! Y'all are fuuuuuucked!!
i fucked alan greenspan and then the Pope came in and took his roman septor and rammed it up alan's hole! And then the economy fell like the poop that came outta Alan's hole after the pope took the septor out! And the people cried as the dollar fell and obama was made president and then the people saw how awful he was as a president and america got way worse with the nigglet in office and wars broke out and people died and then i farted….
honest statement
first ?
would someone kindly remove bush from office NOW?? WHAT ELSE does he have to do in order to be removed? He started two wars, picks a fight with a 3rd, bankrupts the country and then rapes EVERYONE on oil prices. THIS is some wonderful president???? WHY do people think he is wonderful? Evil rich bastid who could NOT give a shit less about this country or its people. Just the 10% rich.
Hold on to your job…
HA Firrrrst.
first bitches!
first?
6th!
Is this a surprise? No one would listen to Ron Paul. The diversion of global warming has turned everyone's head away from our economy. Don't think your money is important? Go without it for awhile. Ron Paul is very focused on economics and repeatedly warns about the printing of unbacked money devaluing our dollar. The war is what is driving the printing of this money…it has to come from somewhere. Economic stimulus…those I have spoke to said they are going to pay off their bills with that money….a bandaid that will cause a bigger crash down the road. Why did not enough people, Dem or Republican, really listen to what this man is saying instead of listening to the biased (huge understatement there!) who passes him off as some kook?
I couldn't have said it better than YIKES so I won't try.
damn right we are fuckd
When milk is nearly $4 a gallon and freaking PASTA is $2 a package AND gas is over $3 a gallon you know we're screwed!
legalize marijuana and are economy will be right back on track problly making more then ever makes sense right? come on who are we really hurting here
DUH!!!!!
With a forum as large as this, you should really report some more of this type of news! People could use some real information sprinkled in with this past-time nonsense we dilute our brains with.
The cost of food has risen 40% in the past two years! Everyone is aware of the gas boost, but do people really question WHY. There is no need for the gauging, other then the fact that some rich bastards want even more $$. Minimum wage isn't budging, and people are taking out lines of credit they they will never be able to pay off. The gap between the upper and lower class is widening people. CAN ANYONE SAY A SECOND DEPRESSION?? We need to get the fuck out of the middle east, and our government needs to stop poisoning the water supply with chemicals that are PROVEN to not only cause cancer, but also causes a calming effect among populations who ingest it. RESEARCH THIS FOR YOURSELF.
DUH!!!!!!
With a forum as large as this, you should really report some more of this type of news! People could use some real information sprinkled in with this past-time nonsense we dilute our brains with.
The cost of food has risen 40% in the past two years! Everyone is aware of the gas boost, but do people really question WHY. There is no need for the gauging, other then the fact that some rich bastards want even more $$. Minimum wage isn't budging, and people are taking out lines of credit they they will never be able to pay off. The gap between the upper and lower class is widening people. CAN ANYONE SAY A SECOND DEPRESSION?? We need to get the fuck out of the middle east, and our government needs to stop poisoning the water supply with chemicals that are PROVEN to not only cause cancer, but also causes a calming effect among populations who ingest it. RESEARCH THIS FOR YOURSELF.
DUH!!!!!!!
With a forum as large as this, you should really report some more of this type of news! People could use some real information sprinkled in with this past-time nonsense we dilute our brains with.
The cost of food has risen 40% in the past two years! Everyone is aware of the gas boost, but do people really question WHY. There is no need for the gauging, other then the fact that some rich bastards want even more $$. Minimum wage isn't budging, and people are taking out lines of credit they they will never be able to pay off. The gap between the upper and lower class is widening people. CAN ANYONE SAY A SECOND DEPRESSION?? We need to get the fuck out of the middle east, and our government needs to stop poisoning the water supply with chemicals that are PROVEN to not only cause cancer, but also causes a calming effect among populations who ingest it. RESEARCH THIS FOR YOURSELF.
DUH!!!!!!!!
With a forum as large as this, you should really report some more of this type of news! People could use some real information sprinkled in with this past-time nonsense we dilute our brains with.
The cost of food has risen 40% in the past two years! Everyone is aware of the gas boost, but do people really question WHY. There is no need for the gauging, other then the fact that some rich bastards want even more $$. Minimum wage isn't budging, and people are taking out lines of credit they they will never be able to pay off. The gap between the upper and lower class is widening people. CAN ANYONE SAY A SECOND DEPRESSION?? We need to get the fuck out of the middle east, and our government needs to stop poisoning the water supply with chemicals that are PROVEN to not only cause cancer, but also causes a calming effect among populations who ingest it. RESEARCH THIS FOR YOURSELF.
Perez, why do you always ATTACK Barack Obama? I know you're a Clinton supporter but please dont bash Obama, he's a phenomenal democrat. We're all on the same team, so stop acting like a kid.
DUH!!!!!!!!!
With a forum as large as this, you should really report some more of this type of news! People could use some real information sprinkled in with this past-time nonsense we dilute our brains with.
The cost of food has risen 40% in the past two years! Everyone is aware of the gas boost, but do people really question WHY. There is no need for the gauging, other then the fact that some rich bastards want even more $$. Minimum wage isn't budging, and people are taking out lines of credit they they will never be able to pay off. The gap between the upper and lower class is widening people. CAN ANYONE SAY A SECOND DEPRESSION?? We need to get the fuck out of the middle east, and our government needs to stop poisoning the water supply with chemicals that are PROVEN to not only cause cancer, but also causes a calming effect among populations who ingest it. RESEARCH THIS FOR YOURSELF.
hahahaha. do you think a bunch of idiots like myself who come to this site to indulge in celebrity's lives are going to care about politics or the current state of things in the real world???
Anyone getting news regarding important matters from a flamboyant man who spends his time blogging about Hollywood needs to get there head checked.
To No Shit Sherlock….you and I ,among only a few others, must be the only ones not drinking the water. Not calm, haven't been calm in awhile over this. I know it sounds preachy, but we have all got to stop depending on general media to supply us information. They are all just entertainers…even the "serious" news programs. It controls what you think and your opinions. RESEARCH AND READ, READ, READ all sides and come to your own conclusion.
Unfortunately, you "idiots" are a vast majority of the general population, Jay. We don't get in these positions if we remain aware. Believe it or not, you can enjoy fluff journalism and be intelligent about the important stuff, too.
zzzzz♥♥ Thank U perez…zzzz♥♥]]]
zzz Alan Greenzpan knowz hiz zhit zzzz
[[[[ the Clintonz R the only onez that can CHANGE THE DAMAGE]]]
zzzz pleaze..people ..our country iz bankrupt,,WAKE UP, EFFERZZ
[[[[[[[[ it haz 2/b hillary ]]]]]]]]]]]] p==l====e===a==z====e♥♥]]
p.z.
perez,
I luv ya♥♥]]
Yet we continue to spend $3Billion A WEEK on a war that TWO MEN want, and that they lied to get us into. Tax cuts for the upper 1/2 of 1%. Hedge fund operators pay only 15% income tax, thanks for their dear friend, George Bush.
Vote for McCain (or, if you're really stupid, vote for Nader, which is the same as a vote for McCain ’cause it's just a vote against Democrats) and it's more of the same, HE PROMISES!!
VOTE DEMOCRAT and bring all this abuse to an END.
trying to take our GUN RIGHTS AWAY AS CITIZENS…
HILTER TOLD his people right before he took over
that if you want a GUN ..JOIN THE MILITARY…
THEN HE KILLED ALL THE JEWS AND THE MILLIONS OF OTHERS…
THE FED IS CUTTING THE INTEREST RATE..EVERY TIME
HE CUTS IT
ALL OF OUR PRODUCTS GO UP
WHILE THE DOLLAR GOES DOWN AND DOWN AND DOWN..
CLINTON IS THE ANSWER
THEY DID IT IN THE NINTIES
THEY ARE OUR ONLY HOPE.
RUBBISH.
Why don't some of you move to Australia? It's very nice here, we're all pretty well off and the government is itching to get some more fat white people populating the suburbs!
The annual meetings of the world's most powerful people—the Bilderberg Group. Since its inception in 1954 at the Bilderberg Hotel in the small Dutch town of Oosterbeek, the Bilderberg Group has been comprised of European prime ministers, American presidents, and the wealthiest CEOs of the world, all coming together to discuss the economic and political future of humanity.
The press has never been allowed to attend, nor have statements ever been released on the attendees' conclusions or discussions, which have ramifications on the citizens of the world. Using methods that resemble the spy tactics of the Cold War
Re: brooke –
She has solved the problem that none of the rest has.
People want it, let them buy it.
We can buy cigarettes and alcohol that poisons us, why not pot?
It is real, it was given by God..not manufactured.
Someone better do something and quick
American kids are going hungry and living on bread and poisoned water. We've turned into those poor people after Katrina.
At this point it seems pretty certain that we are facing an inflationary depression. What’s awful is that much of this is being done by design. Indeed, it is somewhat surprising that there is not already rioting in the streets, given the gigantic fraud perpetrated by the financial elite at the expense of ordinary Americans.
Financial Meltdown A “Gigantic Fraud”
Have no fear if you believe in Jesus Christ God almighty! Then u don't need to worry or argue or spread fear! It's all gonna happen no matter what you do! The end of the world is near! Don't bother arguing about it! Save youselves! Wake up people! The end is near!
you need to publish the WHOLE commentary P!
The fallout of a deliberate and preconceived profit agenda to enslave the middle classes in a debt bubble. Wall Street also duped the public….Business, of course, needs consumers to carry on spending in order to make money, so a way had to be found to persuade households to do their patriotic duty. The method chosen was simple. Whip up a colossal housing bubble, convince consumers that it makes sense to borrow money against the rising value of their homes to supplement their meagre real wage growth and watch the profits roll in.
As they did - for a while. Now it’s payback time and the mood could get very ugly. Americans, to put it bluntly, have been conned. They have been duped by a bunch of serpent-tongued hucksters who packed up the wagon and made it across the county line before a lynch mob could be formed.
NO shit ! Only Alan Greenspan leaves out the part…He was the Fed Chairman
that started all mistakes in the first place! He is an egomaniac that hates being out of the limelight.
THE END IS NEAR! REVELATIONS! ECONOMY CRASHES! PEOPLE ARE NAUGHTY AND WITHOUT MORALS! OLD EUROPE STRIKES BACK! RELIGION IS NO LONGER SEPERATE FROM CHURCH AND STATE! YOU CANNOT BUY OR CELL WITHOUT MARK OF THE BEAST! COMPUTER CHIPS IN EVERYONE SOON! THE END IS NEAR! REPENT! DON'T SPREAD FEAR OR USELESS ARGUING! THE WORLD WILL END SOON! THE BIBLE SAYS SO! JUST WATCH AND PRAY! GO!
The US has just had its weakest period of expansion since the 1950s. Consumption growth has been poor. Investment growth has been modest. Exports have been sluggish. But if you are at the top of the tree, the years since the last recession in 2001 has been a veritable golden age. Salaries for executives have rocketed and profits have soared, because the productivity gains from a growing economy have been disproportionately skewed towards capital.
For ordinary Americans, though, it has been a different story. Real wages have been growing slowly; at just 1.6% a year on average over the latest upswing, well down on the experience of earlier decades. Business, of course, needs consumers to carry on spending in order to make money, so a way had to be found to persuade households to do their patriotic duty. The method chosen was simple. Whip up a colossal housing bubble, convince consumers that it makes sense to borrow money against the rising value of their homes to supplement their meagre real wage growth and watch the profits roll in.
That´s what you get when your too greedy! You american´s are too moneyhungry for your one good! Take exampel of Northerneuropean wellfarestate!
As they did - for a while. Now it's payback time and the mood could get very ugly. Americans, to put it bluntly, have been conned. They have been duped by a bunch of serpent-tongued hucksters who packed up the wagon and made it across the county line before a lynch mob could be formed.
The debate now is not about whether the US is in recession but how deep and long that recession will be. Super-bears have started to say that this is perhaps "The Big One", by which they mean the onset of a new Great Depression. The need to rescue Bear Stearns has done little to still those voices.
As the economics team at HSBC recently pointed out, there has been a "catastrophic breakdown" of trust, and when that has happened in the past - the US in the 1930s, Japan in the 1990s - chucking extra money at the banks in the hope that they will start lending again proves ineffective.
It's not hard to see why trust has become such a rare commodity: Wall Street at the height of the securitisation mania had, in effect, become London at the time of the South Sea Bubble crisis in 1720. Vast quantities of funny paper were changing hands even though those involved in the deals had no idea of their true worth. Nor did they care. Inevitably, now the bubble has burst and the huge Ponzi securitisation scam has been exposed, there has been a reaction. The securitisation market is dead, there is less money sloshing round the system, banks are hoarding their cash
Roads, schools, levees and bridges are crumbling. People are losing their homes. If we can afford to bail out the banks, then we can afford some infrastructure. The fat cats call it pork barrel spending. I call their bail out corporate welfare. Power to the people!!!
In the longer term, lessons must be learnt from the turmoil. One is that you don’t solve the problems of a collapsing bubble by blowing up another, which is what Alan Greenspan did after the dotcom fiasco in 2001 - the most irresponsible behaviour of any central banker in living memory."
Last week we highlighted the fact that Greenspan, instead of trying to act to reverse the damage he has done to the US economy, is actively encouraging its further demise by urging foreign states to abandon their dollar peg.
"If this is, heaven help us, The Big One, one of the only consolations will be that the repugnance at the orgy of speculation that has sapped the strength of the US economy will put a new New Deal on the political agenda."
It should be added that, given that this crisis has been engineered by a financial elite Ponzi scheme, we should be extremely wary of any "new deal" that is brokered by the financial and political elite posing as our saviors.
There are already talks of a "new world order" emerging from the fallout of the current economic meltdown. A consolidation among the big financial institutions does not spell good news for ordinary Americans and people across the world who have been effectively
We, along with others such as Stiglitz, have repeatedly warned of the quickening of an agenda of economic catastrophe allied to the "solution" of predatory globalism.
Nevertheless, while CNN and other mainstream outlets continue to parade economic "experts" who ludicrously suggest that the destruction of the dollar and the economic downturn is "not necessarily a bad thing" for America, it is a refreshing change to read a mainstream report that actually hints at the reality of the situation the US and the rest of the world now faces at the hands of the elite.
It’s all just a huge transfer of wealth to get rid of the middle class.The elite only want one class and that’s them with enough serfs and slaves to take care of their every want and need.The rest of us are just useless eaters.We are about to see the end of America that we all know and love.But that’s ok, I hear they have some lovely camps for us to stay in till they get around to disposing of us.
Re:Em
telling people to move to aus aint going to work people believing the government is to blame please it's every single one of us 95%of the population live beyond there means if we keep spending the econmy is going to go up which means everything else is. if america goes down so will the rest of the world i don't think people understand that a recession is coming instead of sitting there blaming everyone else and expecting someone else to fix it we all have to do our part start preparing
A lot of people think that this is going to be worse than the Great Depression…I have also heard the comparison made that WWII occurred after the Great Depression…
Hahaha! bitches you are going dooooooooooooown!
This goes for,Hiroshima,Nagasaki,Vietnam,Irak and all the innocent people YOU killed and left in poverty…What goes around comes around!
hahahaha thats hilarious!
i luv celebs don't get me wrong but really oprah winfry gets paid like 1000.00 every 5mins shes great but really how can anyone justify that much money for anyone there is something wrong when u have either really really rich or really poor and hardly any in between
Re: MARACANAZO 1950 –
Wouldn't it be wonderful to be the top 1 % right now and buy up all those nice houses in California and Florida after those poor people lost their homes? I'm sure that's what the Republican's (the rich ones) are doing. It's all a CONSPIRACY.
THAT'S WHY I'LL NEVER BUY A HOME! NOT IN THIS ECONOMY!
Please tell the FED TO LEAVE THE INTEREST RATE ALONE.
HE IS KILLING US HERE.
It's because of that fucking war in Iran and Afganistan that is costing us 12 billion dollars a month! And that idiot Mccain wants to keep us there for a hundred years if need be?? By then the United States will be so devastated we couldn't protect ourselves from Sweden if they tried to invade us. Our society is swiftly becoming a country with only the rich and the poor with out elitist government bailing out the bankers and all the other super rich morons who are taking their fortunes off shore and converting their dollars into the Yen, Pound and Euro.
YEA, I READ TWO YEARZ AGO IN AMERICAN HIZTORY BOOKZ
HOW THE BANKZ HAVE ALWAYZ FUCKED PEOPLE
THIZ IZ NOTHING NEW…Y DOEZ LIFE HAVE 2 ZUCK..WE R
…………””””” AMERICANZ..FOR GODZ ZAKE””””””'……………..
America should really pull out of iraq and let them rebuild their own country. That foolish war has costs us nothing but lives and untold millions of tax dollars. Bush should be impeached.
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