We are in a Depression. Read on.

[The Leader]

No, you can't because things were even worse for people then than they are now.

[The Leader]

Next.

[The Leader]

You're a big boy, shouldn't you be able to figure it out on your own?

[TheCoolinator]

Originally Posted by The Leader

You're a big boy, shouldn't you be able to figure it out on your own?

Your the ones hiding behind this "theory" you just created....shouldn't you have all the numbers at the ready?

Question:

How much money was spent in 1970's on the economy? And is it even CLOSE to the amount of money being spent today? And how long did it last?

It's your retort. Prove it.

[Pentegarn]

Originally Posted by TheCoolinator

Your the ones hiding behind this "theory" you just created....shouldn't you have all the numbers at the ready?

Question:

How much money was spent in 1970's on the economy? And is it even CLOSE to the amount of money being spent today? And how long did it last?

It's your retort. Prove it.

Originally Posted by TheCoolinator

You have to do your own research.

I'd post the "It's not my job to think for you" quote too, but I am getting tired and lazy about mocking you

[TheCoolinator]

Originally Posted by Pentegarn

I'd post the "It's not my job to think for you" quote too, but I am getting tired and lazy about mocking you

Did you do anymore research on financial derivatives? and how many are them floating around? and have they caused the depression?

[Pentegarn]

Originally Posted by TheCoolinator

Did you do anymore research on financial derivatives? and how many are them floating around? and have they caused the depression?

No, because there is no depression right now, this is a recession.

The recession of the 70s lasted longer. It is called a recession

The recession of the early 80s lasted longer, it is also called a recession

The recession of the mid 90s (internet bubble anyone?) lasted this long... guess what? It was a recession.

If you are going to argue that this is a depression, then you had better cough up proof that those 3 examples are as well or I am forced to officially inform you you are full of shit

[The Leader]

Oh, what's the matter Coolie? You don't like it when people mimic the way you post?

[TheCoolinator]

Originally Posted by The Leader

Oh, what's the matter Coolie? You don't like it when people mimic the way you post?

I'm just saying if you're going to pull out a theory like that out of the air then at least back it up.

How much money was spent in the 1970's on the economy and does it equal the amount we are spending today?

Very simple question. If you don't have an answer then its.....

Check

and

mate

[The Leader]

So you're saying that all of the times that you have pulled things out of the air and then refused to back them up that you were making it all up!? Why Coolie, why couldn't you just admit that you don't know what you're talking about?

[TheCoolinator]

Originally Posted by The Leader

So you're saying that all of the times that you have pulled things out of the air and then refused to back them up that you were making it all up!? Why Coolie, why couldn't you just admit that you don't know what you're talking about?

Does it eat you up inside that you can't prove any of this wrong?


(prepares for cap lock rant)

[The Leader]

Originally Posted by TheCoolinator

Does it eat you up inside that you can't prove any of this wrong?


(prepares for cap lock rant)

Are you so dense that you cannot be eaten up inside by the knowledge that you are a complete fink?

(prepares for some horribly unwitty remark which of course has been repeated numerous times before)

[Pentegarn]

I love how he repeatedly throws out the 1.5 quadrillion figure out there when cars cost a fraction of what they cost now in the 70s and the average income was much much lower then. Inflation at work. An intelligent person would instead compare cost of living percentages, quality of life (no bread lines now are there? No masses of drifters moving from city to city looking for work?), and % of unemployment. 1.5 quadrillion world wide is not a big deal when even whopper floppers make 5 figures annually. In America alone there are roughly 200 million workers nationwide

So lets say for the sake of this illustration they all make 20000 per year

200,000,000 * 20,000 = 4,000,000,000,000

That's 4 trillion, by itself, before you take into account any variables like uber rich, business owners, and the like. One country, just one. We aren't even the top overall country when it comes to earnings. We are around 9th last I heard...

Multiply in all the other places that pull down that earning power (Japan, UK, France, Netherlands, Australia, etc) And that 1.5 quadrillion number is put into perspective

There's your numbers, but any high school level economics student could have told you that

[TheCoolinator]

Originally Posted by Pentegarn

I love how he repeatedly throws out the 1.5 quadrillion figure out there

That's a quadrillion dollars worth of global derivative debt. "Troubled assets"

Originally Posted by Pentegarn

An intelligent person would instead compare cost of living percentages, quality of life (no bread lines now are there? No masses of drifters moving from city to city looking for work?), and % of unemployment.

US living standards have been cut by 2/3 since 1960 and more austerity measures are coming (Death Panels), Don't need bread lines anymore if food stamps come on credit cards, drifters are in the form of tent cities (google it), we have an unofficially number of 25-30% unemployment...depression levels...

Originally Posted by Pentegarn

1.5 quadrillion world wide is not a big deal
......
And that 1.5 quadrillion number is put into perspective

Gotcha!

1.5 quadrillion dollars worth of speculative derivative financial instruments is many, many, many times larger then the worlds GDP.

That's the entire globes...GDP. Are things coming into focus now?

Originally Posted by Pentegarn

That's 4 trillion, by itself,

We've spend much more then 4 trillion on the bailouts.....and we are keeping that spigot running. Bleeding us dry.

Won't know what hit ya when it comes but I'm sure you'll rationalize it like everything else.

[The Leader]

Originally Posted by TheCoolinator

Won't know what hit ya when it comes but I'm sure you'll rationalize it like everything else.

Are you jealous that he is capable of such things?

[TheCoolinator]

Originally Posted by The Leader

Are you jealous that he is capable of such things?

Jealous isn't the word. More like Pity.

[Colonel Flagg]

Originally Posted by TheCoolinator

[...] drifters are in the form of tent cities (google it) [...]

Sad to say that I took the bait and "googled it" - and here's what I found:

Tent cities are a growing phenomenon around the country, mostly located in the inner cities of Detroit, Philadelphia, Camden, New York, etc. where there is a large homeless population. They are considered "holding patterns" for the many thousands of people who for one reason or another are out on the street without durable shelter.

But here's the thing - homeless people have been around for as long as we've had a society. Sometimes they stay in shelters, sometimes they stay in bus terminals sometimes on steam vents .... and sometimes in makeshift tents.

Saying that the derivative financial crisis caused tent cities is like saying that the present day greenhouse emissions caused the Medieval Warming Period. They are perhaps distantly related, but in no way does one have anything to do with causing the other.

There you have it. In order to disprove Coolie, just follow his instructions and "google it".

Next.

[TheCoolinator]

Originally Posted by Colonel Flagg

Tent cities are a growing phenomenon around the country, mostly located in the inner cities of Detroit, Philadelphia, Camden, New York, etc. where there is a large homeless population. They are considered "holding patterns" for the many thousands of people who for one reason or another are out on the street without durable shelter.

But here's the thing - homeless people have been around for as long as we've had a society. Sometimes they stay in shelters, sometimes they stay in bus terminals sometimes on steam vents .... and sometimes in makeshift tents.

Quoted.

This is just a small example of the amount of mental gymnastics which have taken place here. Denial isn't a strong enough word to describe what's going on in this thread.

[Colonel Flagg]

As one who lived through this period of time (albeit I was very young at the time) I do remember most of the so-called "cash infusion" came in the form of rampant inflation - 21+% at its highest, if I recall correctly. (no I didn't bother looking it up) Times sucked. THere was rationing, COLA increases - there was even a wage-price freeze as Presidents Nixon and then Ford and Carter tried to come to terms with some of the worst economic times in my lifetime.

In a word, these times sucked.

Yet it still wasn't a depression. That would be worse.

Truth.

EDIT: And now I wait to be called a mumbling moron. Or be ignored totally.

[Colonel Flagg]

Pentegarn, your signature - it sounds like an argument a "certain someone" might make, doesn't it?

[The Leader]

Yeah, you would pity people capable of higher functions than you. That just seems to be how you work.

[TheCoolinator]

Originally Posted by The Leader

Yeah, you would pity people capable of higher functions than you. That just seems to be how you work.

I'm sorry,

I'm not delusional. The depression exists.

[kahljorn]

"Don't need bread lines anymore if food stamps come on credit cards"

yea cause in a real depression there would totally be enough food/money to just let people buy whatever they want from a grocery store.

[The Leader]

The first way I interpreted that post was that you were not delusional and that you were depressed because you actually understood what kind of a person you were.

Also, if it exists shouldn't you be able to prove it?

[TheCoolinator]

Originally Posted by The Leader

The first way I interpreted that post was that you were not delusional and that you were depressed because you actually understood what kind of a person you were.

Also, if it exists shouldn't you be able to prove it?

Just did. You just won't admit it because of some pride issue you're dealing with.