Quote:
Originally Posted by Colonel Flagg
a grand total of 8 months
But let's not confuse the issue with facts, Pent. Let's talk about nebulous topics like "standard of living" "tent cities" and throw some big meaningless numbers out there for good measure. That's how you win arguments.
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2008-2010+ is not a grand total of 8 months. The
depression continues, countries are bankrupt, and hopefully regulation is on its way.
And that "big meaningless number" is in regards to the worthless derivative debts that have been dragging down the worlds economy since 2008.
Remember the bailout? Remember the tent cities? Remember the volatile drops in stock prices and market value?
1.5 QUADRILLION dollars worth of debts. Much more than anything we've seen in history.
I'll ask you and any other troglodyte who wishes to respond. Was there a 1.5 QUADRILLION dollars worth of speculative paper debt in any of the past depressions / recessions?
We are in a world depression of incalculable proportion. This is reality. Greece is on fire, Italy, ireland, portugal, and spain are ready to default, UK has heavy debts, Japan has been in a economic tailspin.
This is a WORLD DEPRESSION. You don't have to agree with me in the open but please do your research.
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