Economy will not crash

I'm afraid you may be right. I don't hold to conspiracy as a general rule, but there may be a lot more here than meets the eye.

I think that is exactly what we will see in the future. There was a lot more to this than we are being told. I think it is already coming out. Listen to the people close that are trying to get this bail out passed and also the ones that voted against it. I think it will become plain that some were motivated by greed on this $700B bail out.

Well this is what I am starting to figure too. Last night on the news they were talking about probably having some runs on some banks. That is the last thing they need to be talking about right now. I assure you if I had a bunch of money in a bank my shirt tail wouldn't hit my fanny 3 times until I had it out of that bank. That is exactly what happened in the last depression and it would have the very same effect right now. I still can't help but believe someone is trying to cause a crash. Some big shot getting on national TV and talking about possible bank runs is what I would do if I wanted the economy to crash.

I thin k you are absolutely right. These greedy crooks that ran their companies into the ground don't need to be bailed out with tax dollars. I say let the suckers go under and the stock market too. We don't need anything even remotely connected to our economy that is high risk. We need to get back to plain old hard work and sweat and supply and demand controlling our economy. No company should be allowed to borrow large sums of money to start or expand a business. They need to tighten their belts and save their business and expand as profits allow and not before. All this credit is simply allowing us to move much too fast and much too far. Credit is high risk any way you look at it and should be controlled by the government. Let these suckers in Washington get off their bu**s and start doing the job we are paying them to do. It's time for then to stop doing what will get them reelected and start doing what is best for the people. Sorry about getting on my soap box but the more of this crap I hear the madder I get.

I absolutely agree, people are so far in debt , from over spending beyond their limits , that they may never get out of it. If more people were only spending what they had and only got loans for things they actually could pay back in their lifetimes , this would instill a more structured economy.

What is money? First of all our economy is a simple barter system. At least that is what it was before credit screwed it all up. A $1 bill is a lot easier to carry than a sack of potatoes worth $1. The money we have is supposed to represent our net worth. We are supposed to have solid goods to back up the money we have. If you only own a $10 horse you shouldn't have $100. What is credit? Credit is a way man has figured out that will cheat the system. Again we go back to net worth. You may have a $30,000 pickup or car sitting in your drive way but that does not make your net worth $30,000. Your net worth is what you can get out of the investment you have in the pickup. Credit is used to make it look like you are worth a lot more than you actually are. You may have a lot of worldly toys but if you don't own them outright they do not belong to you. You are simply borrowing the use of the items and hopefully paying the owner each month. Why is our economy failing? The biggest reason our economy is failing is the fact a lot of money is floating around everywhere and there is no solid goods to back it up. Most people are borrowing more than they can pay back. The ones that are in the money business are putting out money and getting nothing back. The only true value money has is the hard goods that are supposed to be backing it up. Credit should have never been allowed in the first place. If you don't have the cash to pay for something then you can't afford it. If you want more money then produce more that you can trade for money. Grow more potatoes or grow more cows, fix more flats or what ever you are doing to earn money. Money changing hands and no exchange of goods doesn't work and produces situations like we are in now.