We are in a Depression. Read on.

[The Leader]

He can't read.

[Dimnos]

I think Mew forgot to add it to his replicant programming. It will probably be added in a future update.

[The Leader]

GUYS I'VE FIGURED IT OUT. Ok, on Coolie's latest blog post he quoted an article that used the term "financial paper." Coolie just got confused and thought that putting paper and derivatives together would actually mean something.

[TheCoolinator]

^ Did you read the article?

[The Leader]

Did you?

[TheCoolinator]

Yes.

Are we in a depression?

[Dimnos]

No.

[TheCoolinator]

Originally Posted by Dimnos

No.

Ok.

[Dimnos]

That was easy.

[Colonel Flagg]

Originally Posted by TheCoolinator

Are we in a depression?

Nope. You read it here twice. Which makes it the Gospel according to i-Mock.

Now we can lock this thread and talk about stuff that's really important. Like hockey.

[TheCoolinator]

Originally Posted by Pentegarn

Saying "Unofficially unemployment is at 20-30%" isn't saying shit.

We all know they cook the books. It's a fact of life. We have very high unemployment in this country with little or no manufacturing base. I'm not saying anything that hasn't already been talked about since the depression began.

Also blaming the housing bubble alone on the current state of the economy is rather short sighted.

I'm not blaming the housing bubble on the world economic depression. Maybe idiots like Rush Limbaugh or Sean Hannity do because it's a big reactionary lie that they have to keep repeating but as I said before it's the 1.5 QUADRILLION dollars of financial speculative derivative paper which is unregulated and almost to an extent untraceable unless Goldman Sachs and the other investment bank parasites opens their books to government banking regulators.

Originally Posted by Colonel Flagg

Nope. You read it here twice. Which makes it the Gospel according to i-Mock.

What's the old saying?

When my neighbor looses his job its a recession.....when I loose my job it's a depression. You'll see.

[Pentegarn]

Originally Posted by TheCoolinator

We all know they cook the books. It's a fact of life. We have very high unemployment in this country with little or no manufacturing base. I'm not saying anything that hasn't already been talked about since the depression began.

Then show some solid facts to back this up. The numbers you are seeing come from various State departments of Job and Family Services, since unemployment benefits have been extended longer then the actual economic downturn has lasted (I was unemployed through most of it, so I would know this) the numbers don't need to be cooked. The 10% you are seeing is pretty much accurate.

[Dimnos]

Both my neighbor and I have our jobs. Hell my best friend who is a lazy fuck has a job. We might not be prospering but its hardly a depression.

[Colonel Flagg]

Don't worry, Coolie. Eventually you will be proven right, and just like Cassandra from Greek Mythology, everyone who didn't listen to you will suffer the consequences.

[TheCoolinator]

Originally Posted by Colonel Flagg

Don't worry, Coolie. Eventually you will be proven right.

Ummm....Eventually?

Have you seen the stock market lately? Bailouts? Wage cuts? Please tell me, I need to know, how do you guys get so detached from reality? Or are you just disagreeing with me so we have something to haggle about?

[The Leader]

Originally Posted by TheCoolinator

Please tell me, I need to know, how do you guys get so detached from reality? Or are you just disagreeing with me so we have something to haggle about?

[TheCoolinator]

401k's have taken a huge hit as well.

[Dimnos]

Originally Posted by TheCoolinator

Ummm....Eventually?

Have you seen the stock market lately? Bailouts? Wage cuts?

Dude that was SOOOOO last year. Get with the times man.

Originally Posted by TheCoolinator

401k's have taken a huge hit as well.

401k? IRAs are where its at son.

[TheCoolinator]

Originally Posted by Dimnos

401k? IRAs are where its at son.

Can't deny that. Gold backed IRA's are even better.

[Colonel Flagg]

Originally Posted by Dimnos

401k? IRAs are where its at son.

My IRA is up 40% from last year.

[Dimnos]

I think mine did right about the same.

[TheCoolinator]

Originally Posted by Colonel Flagg

My IRA is up 40% from last year.

Originally Posted by Dimnos

I think mine did right about the same.

IRA's are different than 401k's

[The Leader]

Learn to read, Coolie.

[TheCoolinator]

401k's and other investments tied to derivatives will be smashed the minute the bailouts stop coming. How long can it go before it completely crashes? Any bets? I say 1 more year until the DOW goes below 8,000

[Dimnos]

The amount of cash my derivatives are worth has incresed by 40% between the end of last month and the end of last year. Or over the period of three months it has grown a substantial amount. That warrants a on my part.