Depression: Part 2!

**rushyrulz** · 09-29-2008, 03:32 PM

So, the bailout bill was declined. Dow is down 800 points. We're gonna be going into a depression similar to the one in the 30's if we keep doing nothing. This sucks.

who_cares973 · 09-29-2008, 03:38 PM

WE NEED TO SPEND MORE MONIES!

i suggest we ignore child labor laws for now until things get better

**Squeek** · 09-29-2008, 03:50 PM

betr go resurrect fdr

Franklin_Delano_Roosevelt · 09-29-2008, 03:50 PM

Did someone call for me?

Sh4d0wD3v1L · 09-29-2008, 04:18 PM

And gold went up 25%. If you have any, sell sell sell. Before you know it, it'll be currency again.

**iceefudgesickle** · 09-29-2008, 05:01 PM

Quote:

Originally Posted by Franklin_Delano_Roosevelt

Did someone call for me?

Woah. Niiiiiiiiiice. I saw this and I lol'd.

I don't know much about economics but depression similar to 30's = bad

sameoldbloodrush! · 09-29-2008, 05:56 PM

We've been talking about this non-stop in my Civics class. It's scary to think that we're going into another depression. Yeah, I can definitely see that happening. As much as everybody would like to avoid it-- our economy is running straight into the ground.

**foilman8805** · 09-29-2008, 05:59 PM

Like I said in that other thread related to this, we aren't going to be the only ones going into a depression.

The whole world is going to feel this one, as the economy we know that is based on paper is shaken to its foundations.

I actually think Sh4d0wD3v1L could be right...I can fathom a return to a system that is actually based on precious metals rather than paper and credit.

**DarknessXoXLight** · 09-29-2008, 06:02 PM

What do you think will happen if we do go into another depression?

OrganisM · 09-29-2008, 06:03 PM

Even precious metals require us to attach a value to them. It is best to deal with them because they never become more or less than what they are, as opposed to paper. But even so, we're still ****ed.

**Xception704** · 09-29-2008, 06:29 PM

Yeah we talked about this in my Economics class.

The House rejected the $700 billion bill too ... to think it was only -178.xx this morning and we were like "omg this is horrribbbbbbleeeeeeee!!!"

... that wasn't even the start of it.

But really, I remember hearing a while back that economists had said that our government had "safeguards" in place in the event that a crisis ever did occur.

... anyone know about these and what exactly they would do to prevent a depression, or did I really just fabricate that in hope?

chidori! · 09-29-2008, 06:31 PM

Quote:

Originally Posted by DarknessXoXLight

What do you think will happen if we do go into another depression?

the internet will be empty

EDIT: i still don't get how a depression starts

**foilman8805** · 09-29-2008, 06:32 PM

You really just fabricated that.

You will witness the demise of the world economy in the imminent future.

EDIT: Well, you're actually witnessing the start of it right now to be honest.

BRACE FOR DOMINO EFFECT

Crashfan3 · 09-29-2008, 07:18 PM

As much as I dislike most of what Obama stands for, I know that if McCain gets into the big office, we are all as ****ed as is possible. But, personally, I don't think Obama, or anyone for that matter, can fix this mess.

**Xception704** · 09-29-2008, 07:28 PM

so bottom line is that we r fuk'd

**foilman8805** · 09-29-2008, 07:32 PM

Big time.

tsugomaru · 09-29-2008, 07:37 PM

Quote:

Originally Posted by Franklin_Delano_Roosevelt

Did someone call for me?

Will of the D.

I know it never fails.

~Tsugomaru

Relambrien · 09-29-2008, 07:52 PM

Quote:

Originally Posted by Xception704

But really, I remember hearing a while back that economists had said that our government had "safeguards" in place in the event that a crisis ever did occur.

... anyone know about these and what exactly they would do to prevent a depression, or did I really just fabricate that in hope?

1) The FDIC. It insures bank accounts up to $100,000, so that when things like this occur, people know their money is safe and don't freak out and try to withdraw all of it, which was the cause of a huge number of bank failures in the '30s.

2) If a major stock falls by some percent (10% I think) in one day, the market closes immediately, to give investors time to clear their heads and avoid a panic that could exacerbate the situation.

Panicked people withdrawing all their money from the bank and panicked investors selling as soon as they saw the market drop were two of the main reasons for the Depression. These two things hope to prevent that.

(Note, all of this information was from my ninth grade Government/Economics class. As such, there's probably a whole host of things going on that aren't adequately explained by what I've written)

**Kekeb** · 09-29-2008, 08:01 PM

Sup, Canadian here.
Looks like the rest of the world will be along for the ride.

**foilman8805** · 09-29-2008, 08:05 PM

Yeah, all you people that said in the other thread that you would move to Canada are just as ****ed as the rest of us.

09-29-2008, 03:32 PM	#1
rushyrulz Digital Dancing! Join Date: Feb 2006 Location: 80 billion club, NE Age: 31 Posts: 12,982	Depression: Part 2! So, the bailout bill was declined. Dow is down 800 points. We're gonna be going into a depression similar to the one in the 30's if we keep doing nothing. This sucks. __________________

09-29-2008, 03:38 PM	#2
who_cares973 FFR Player Join Date: Aug 2006 Location: :U Age: 35 Posts: 15,407	Re: Depression: Part 2! WE NEED TO SPEND MORE MONIES! i suggest we ignore child labor laws for now until things get better __________________

09-29-2008, 03:50 PM	#3
Squeek let it snow~ Join Date: Jan 2004 Age: 37 Posts: 14,444	Re: Depression: Part 2! betr go resurrect fdr

09-29-2008, 03:50 PM	#4
Franklin_Delano_Roosevelt FFR Player Join Date: Feb 2006 Posts: 4	Re: Depression: Part 2! Did someone call for me? __________________ It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something.

09-29-2008, 04:18 PM	#5
Sh4d0wD3v1L FFR Player Join Date: Jan 2005 Location: Wisconsin Age: 35 Posts: 693	Re: Depression: Part 2! And gold went up 25%. If you have any, sell sell sell. Before you know it, it'll be currency again. __________________ Funny stuff goes in this area right?

09-29-2008, 05:59 PM	#8
foilman8805 smoke wheat hail satin Join Date: Sep 2006 Location: LA baby Age: 36 Posts: 5,704	Re: Depression: Part 2! Like I said in that other thread related to this, we aren't going to be the only ones going into a depression. The whole world is going to feel this one, as the economy we know that is based on paper is shaken to its foundations. I actually think Sh4d0wD3v1L could be right...I can fathom a return to a system that is actually based on precious metals rather than paper and credit.

09-29-2008, 06:02 PM	#9
DarknessXoXLight sonder Join Date: Mar 2007 Location: Chicago Age: 31 Posts: 2,279	Re: Depression: Part 2! What do you think will happen if we do go into another depression? __________________

09-29-2008, 06:03 PM	#10
OrganisM FFR Player Join Date: Oct 2006 Location: Nesoi, Olympus System Posts: 2,644	Re: Depression: Part 2! Even precious metals require us to attach a value to them. It is best to deal with them because they never become more or less than what they are, as opposed to paper. But even so, we're still **ed. __________________ . Originally Posted by jewpinthethird[link]: "If you get stung by enough bees you turn into a bee, because the venom gets into the blood stream which spreads bee DNA throughout your entire body... changing your genetic structure into a bee's. Every year roughly 125 people in America are turned into bees this way." Originally Posted by MrRubix*[link]: "Do you basically bukkake-paint your walls every time you jack it?"* Originally Posted by All_That_Chaz[link]: "My pity-sex depreciates at a rate of 5% annually."

09-29-2008, 06:29 PM	#11
Xception704 FFR Veteran Join Date: Jul 2006 Age: 32 Posts: 3,984	Re: Depression: Part 2! Yeah we talked about this in my Economics class. The House rejected the $700 billion bill too ... to think it was only -178.xx this morning and we were like "omg this is horrribbbbbbleeeeeeee!!!" ... that wasn't even the start of it. But really, I remember hearing a while back that economists had said that our government had "safeguards" in place in the event that a crisis ever did occur. ... anyone know about these and what exactly they would do to prevent a depression, or did I really just fabricate that in hope?

09-29-2008, 06:32 PM	#13
foilman8805 smoke wheat hail satin Join Date: Sep 2006 Location: LA baby Age: 36 Posts: 5,704	Re: Depression: Part 2! You really just fabricated that. You will witness the demise of the world economy in the imminent future. EDIT: Well, you're actually witnessing the start of it right now to be honest. BRACE FOR DOMINO EFFECT Last edited by foilman8805; 09-29-2008 at 06:37 PM..

09-29-2008, 07:18 PM	#14
Crashfan3 FFR Player Join Date: Nov 2006 Location: Jefferson, Ore. Age: 32 Posts: 2,937	Re: Depression: Part 2! As much as I dislike most of what Obama stands for, I know that if McCain gets into the big office, we are all as ****ed as is possible. But, personally, I don't think Obama, or anyone for that matter, can fix this mess. __________________ Twilight Sparkle's Ponyville Group Free Chiptune Streaming Radio! Thanks justin_ator and megamon88 for making my sig 20% cooler.

09-29-2008, 07:28 PM	#15
Xception704 FFR Veteran Join Date: Jul 2006 Age: 32 Posts: 3,984	Re: Depression: Part 2! so bottom line is that we r fuk'd

09-29-2008, 07:32 PM	#16
foilman8805 smoke wheat hail satin Join Date: Sep 2006 Location: LA baby Age: 36 Posts: 5,704	Re: Depression: Part 2! Big time.

09-29-2008, 08:01 PM	#19
Kekeb davai Join Date: Dec 2006 Age: 33 Posts: 2,765	Re: Depression: Part 2! Sup, Canadian here. Looks like the rest of the world will be along for the ride.

09-29-2008, 08:05 PM	#20
foilman8805 smoke wheat hail satin Join Date: Sep 2006 Location: LA baby Age: 36 Posts: 5,704	Re: Depression: Part 2! Yeah, all you people that said in the other thread that you would move to Canada are just as ****ed as the rest of us.

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