[Ntype]

[BIRD33]

http://finance.yahoo.com/intlindices?e=europe

Hey Ntype I thought you guys in Europe were laughing at America over its fucked up economy?

[quint]

we go, they all go
isn't it great

[Ntype]

http://finance.yahoo.com/intlindices?e=europe

Hey Ntype I thought you guys in Europe were laughing at America over its fucked up economy?

well please note that I don't have any money invested in that scam so basically I don't really care about that you know

moreover I don't have much more money elsewhere else so I don't care my bank could go bankrupt tomorrow I don't care. and no I don't have any empathy toward "rich people"

[Ntype]

we go, they all go
isn't it great

yup this fucken madness of life based on money is going to an end.

Don't you find that's quite ironical that for years you heard thing like "hey with 30 billions you could eradicate hunger in the world" or for big amount (say less than 100 billions) get some free health care, schools (and I'm telling in the US not in Botswana) social insurances, don't know what other shit who does nothing but bringing joy out there.

yeah no money for that but consider how many fucking billions had been invested for a war and now 700 to save a bunch of crooks who did nothing to help US or European economies for years but rape them ?

yeah so they could go all over the water with their sport cars, luxury stuff and other exclusives clubs.

[Ntype]

one last thing why do you think factories closed down in Europe and in the US for being reopenned in China, Vietnam or elsewhere ?

Because those fucking morons who were in the banks or investors who collapsed now did nothing but wanting to maximize profits.

So yeah put that coffee grinder factory maker in China then sell them half the US price but still do a 900% benefit on it. People like that because they buy a nice thing for "half the price" but without realizing that they were the next one whose job was going to be outsourced in Chinaland to build some shit for half that price and 900% the benefit.

Now fast forward a few years; now you have people who buy tons of shit coming from Chinaland having nothing valuable but their house - who really wasn't that worth- to guarantee for that, get a crisis like that and the whole card castle come down because people don't have the fucking money to pay for all the shit.

Hey don't be mean with the people they did like the investors had in mind for them to do "just make them buy things" laugh and mock hippies who advocates "frugal living" (yeaaaaah dude we're going to eat nuts and wash our genitals once a month toooo)

Well so yeah fuck'em.

[BIRD33]

Interesting piece on why Americans are pissed and how come it didnt happen sooner.We were living in an era of cheap goods and low cost of living.Not anymore.

http://www.theatlantic.com/doc/200810u/c...compromise

[SIZE="5"]Inequality Bites[/SIZE]



Barbara Snodgrass, one of the voters George Packer profiles in his report on Ohio's white working class, is a woman of some political sophistication. She works two jobs, barely stays ahead of the mounting costs of her house, her commute, and other basics like groceries. Yet Snodgrass's political analysis beats that of most professional pundits. The next president should take heed.

After dismissing McCain as essentially Bush-like, Snodgrass questions the political realism of Barack Obama's domestic policy. Can Obama raise taxes only on Americans making over $250,000, she asks? And will he raise taxes on someone like her? Packer notes that the two percent of Americans who earn over $250,000 account for more than a tenth of national income, and he suggests that Snodgrass's fears are misguided. But the state of the budget, the cost of Obama's core proposals, and a political landscape in which affluent anti-AMT Democrats will have considerable influence, suggests that Snodgrass is right to distrust Obama's promises, not to mention John McCain's, which are even more unmoored from reality. Instead, Snodgrass wants to hear concrete proposals that address "your daily life, your daily day, job, family, what you do that keeps you from robbing the video store down the street." She has shown how to understand America's angry and anxious electorate.

Until recently, many observers, most of them on the left, have puzzled over why rising inequality hasn't sparked an outright political revolt. Well, here's why. Real income matters less than quality of life. And for the last two decades, a delicate Consumption Compromise has tamped down economic discontent among working-class voters by driving down the cost of living—we've been living in the era of cheap food, cheap gas, cheap credit, and, of course, cheap Chinese-made goods.

From 2000 to 2005, mean real money earnings rose for the four percent of the U.S. electorate that has professional graduate degrees and doctorates; all other groups saw a decrease. That's right: college graduates saw their mean real money earnings decline, and there was even sharper backsliding among those with less education. At the same time, the democratization of finance allowed consumption smoothing—spend tomorrow's money today—and the quality of consumer goods improved. Granted, this was small solace, but it gave a large number of Americans the sense that they were making economic progress.

During the same period, better-off workers—those in the top tenth—were hit by a spike in the cost of living. Two University of Chicago economists, Christian Broda and John Romalis, have looked at the inflation rates of consumer goods for the top tenth and the bottom tenth of American households. Because poor families spend a larger share of their income on tradable goods —think of the imported goods you find at Wal-Mart or Target— they've profited tremendously from free trade. Rich families spend a bigger share of their income on non-tradable services—hiring help, eating out, etc. As a result, the rich experienced a much higher effective inflation rate than the poor between 1994 and 2005. If ever you wonder why the populism of Al Gore or John Edwards resonated with affluent voters more than with the working class, look for the beginnings of an answer right there.

Since 2005, working-class voters' wages haven't improved. But thanks to a combination of the housing bust, ethanol subsidies, a bottleneck in refining capacity, low-sulfur regulations, and the collapse of the dollar, the Consumption Compromise has come undone. The outrage over gas prices was the beginning. The Republican right promises to "Drill Here, Drill Now" to lower your gas prices. But what will they do to address skyrocketing food prices and healthcare premiums, or access to consumer credit? They can't do very much, at least not yet. And as for the Democrats, they can promise redistribution or a more equitable tax code. But can an increased flow of transfers keep up with the rising cost of a middle-class life without choking off economic growth? And there is the drive to price carbon, an effort many believe to be essential to human survival— yet one that will, by necessity, cut against our highly mobile way of life.

Can the Consumption Compromise be revived? Probably not. The Compromise rested on American financial hegemony, and those days have ended. The right and the left will have to do nothing less than rethink our way of life.

[Ntype]

she said it with more polished word.

ok now thinking that US economical superpole is disapearing is not that a bad news, I mean from now on world economies will be more balanced thus disallowing certain mass domino effects like this one and improving the whole system.

I mean I am optimistic for the future, even if shit is going to hit the fan for a few people

[BIRD33]

Don't kid yourself.We are still the only super power and in ten years we will be as strong as ever.

[Ntype]

Don't kid yourself.We are still the only super power and in ten years we will be as strong as ever.

tell that to Russia and China (who did recently a pool-space walk).

and don't forget Australia. ah.

[BIRD33]

tell that to Russia and China (who did recently a pool-space walk).

and don't forget Australia. ah.

Yea we did space walks 40 years ago.When we get off oil Russia is done.China will have to figure out how to make a billion people middle class or face serious unrest.It won't happen.We are the best country in the world.

[Ntype]

Yea we did space walks 40 years ago.When we get off oil Russia is done.China will have to figure out how to make a billion people middle class.It won't happen.We are the best country in the world.

That space walk was clearly 40 years ago and since nothing incredible has been done -people got uninterested from the space race hence the lower fundings- and it's not like we can just assemble a module put a bunch of monkey into it and launch it to the moon then cry victory, something more concrete must be done - robotic exploration is cheaper is simpler than assembling a crew of humans.

The trick is that Russian and China aren't really trying to create a middle class.

Take Brazil as an example, according to the World Bank, income concentration in Brazil has created five types of social groups in the country: the indigent (24 million people); the poor (30 million); the almost poor (60 million); the middle class (50 million); and the rich (2 million). Brazil possesses a private wealth of $1.1 trillion, 53 percent of which is controlled by the rich. In reality, the average income of the richer is 150 times bigger than the average income of the poorest Brazilians.
Ok what happens now is that Brazil went "fine" without having to reduce the poverty or create that a big of middle class....and poors in Brazil are the ones that you envisions starving and living on trashmountains with no hope of better education and work, or peons without grounds, people exploited to the death by rich farmers who acts like medieval psychopaths.

By contrast in Europe and US middle class was the norm. Now I think that things will reduce and become harder for middle class in Europe and US it's not that we "as middle class incomes" were going to start starving or else it's just that it will become harder to access to certain type or property (houses mainly).
You may wonder as the crisis of the housing is in full but don't forget that houses in hot spot are always worth their prices, it's only that house in that two hours away subburb who doesn't worth any much more, now counting that to go to work you have to pay more for the gas and more to eat outside.

So at the end you don't really have a progress int he actual income but rather have to spend more to maintain your quality of life.

[who]

synopsis please

[Ntype]

synopsis please

me : joke on america
bird : serious you are fucked we are the best
me : let's see things on a more balanced way
bird : weak argument **cheerleaders and informecials**
me : let me be your voice of the reason and go for a CHANGE.
bird : **hires sexy representant**
snarg : ok I'm bird collisitier...

[who]

thanks man

[BIRD33]

[SIZE="4"]Europeans were gloating about the American financial crisis. Not anymore.
[/SIZE]


http://www.slate.com/id/2202047/

[Ntype]

[SIZE="4"]Europeans were gloating about the American financial crisis. Not anymore.
[/SIZE]


http://www.slate.com/id/2202047/

great Iceland is going bankrupt in case you wondered Iceland is going to be bigger than America in 1000 years.

ah.

[BIRD33]

This puts things into perspective.


[SIZE="4"]America Will Remain the Superpower[/SIZE]




Nor does the U.S. seem all that badly off, comparatively speaking, when it comes to its ability to finance a bailout. Last month's $700 billion bailout package seems staggeringly large, but it amounts to a little more than 5% of U.S. gross domestic product. Compare that to Germany's $400 billion to $536 billion rescue package (between 12% and 16% of its GDP), or Britain's $835 billion plan (30%).

Of course it may require considerably more than $700 billion to clean out our Augean Stables. But here it helps that the ratio of government debt to GDP in the U.S. runs to about 62%. For the eurozone, it's 75%; for Japan, 180%.


http://online.wsj.com/article/SB122394103108030821.html

[Ntype]

This puts things into perspective.


[SIZE="4"]America Will Remain the Superpower[/SIZE]




Nor does the U.S. seem all that badly off, comparatively speaking, when it comes to its ability to finance a bailout. Last month's $700 billion bailout package seems staggeringly large, but it amounts to a little more than 5% of U.S. gross domestic product. Compare that to Germany's $400 billion to $536 billion rescue package (between 12% and 16% of its GDP), or Britain's $835 billion plan (30%).

Of course it may require considerably more than $700 billion to clean out our Augean Stables. But here it helps that the ratio of government debt to GDP in the U.S. runs to about 62%. For the eurozone, it's 75%; for Japan, 180%.


http://online.wsj.com/article/SB122394103108030821.html

yep do you still think that other countries will continue to endorse the $ as before considering what's happenned and all those fucking billions of bucks that have to be put outside ?

Don't compare apple to oranges meanwhile in the US it's the major banks and insurances that have been nationalized it's has only been an handful in the Euro zone and none of them where a "major" player.

Moreover there's still the credit card bubble to explode.

And to conclude wasn't the plan quickly voted because China, who is sitting on a insanely large amount of dollars, made "the big voice" not wanting to sit just on useless paper.

Dude you'll get a rude awakening

[BIRD33]

yep do you still think that other countries will continue to endorse the $ as before considering what's happenned and all those fucking billions of bucks that have to be put outside ?
Don't compare apple to oranges meanwhile in the US it's the major banks and insurances that have been nationalized it's has only been an handful in the Euro zone and none of them where a "major" player.

Moreover there's still the credit card bubble to explode.

And to conclude wasn't the plan quickly voted because China, who is sitting on a insanely large amount of dollars, made "the big voice" not wanting to sit just on useless paper.

Dude you'll get a rude awakening

What currency will they move to Ntype?The euro?Thats a good one.We both know other countries won't put their money on the Euro exclusively since you've got a bunch of independent countries and if one tanks you all get fucked.The dollar is still and will be for the next 50 years at least the world currency.If you've been paying attention its been rising in value.

If you think China had a say in the bailout you're crazy.No one has reported that but I guess you're on top of it up in the north pole.They need us to rebound so they had to sit on their hands and hope we did the right thing for us to stabilize the value of their investment.If they pulled their money out at a loss where would they go that they would be able to invest in the same large scale they can here, your piss ant country?

Its not comparing apples to oranges when talking about different countries economies compared to ours.This sentence tells it all.
[I]"But here it helps that the ratio of government debt to GDP in the U.S. runs to about 62%. For the eurozone, it's 75%; for Japan, 180%."

[/I]Keep riding our coattails while openly trashing us but secretly being obsessed with our culture.Its pathetic but we are used to it and kind of laugh at you dicks like that annoying cousin everyone has.