Mr.S.Marbo
New member
Originally posted by wiccanpony
wait! wait! let me get my knitting needles
Are the knitting needles to be used as weapons or to knit armoured jumpers? Can I have an armoured jumper ready for the revolution please?
lol
How much is it going to cost?
- Thread starter airhead
- Start date
Are the knitting needles to be used as weapons or to knit armoured jumpers? Can I have an armoured jumper ready for the revolution please?
lol
Sauce Devil
New member
How much did the US Gov say the Iraq War would cost? How much did the UK Gov say Canary wharf would cost? If they say $700 billion you can be pretty sure it will eventually add up to more like $2100 billion.
On the positive side it will make people think twice about frittering and gambling money away in future - both big institutions and private individuals - and I think maybe a third of the total cost will go back into the economy at some stage instead of disappearing into a black hole.
On the positive side it will make people think twice about frittering and gambling money away in future - both big institutions and private individuals - and I think maybe a third of the total cost will go back into the economy at some stage instead of disappearing into a black hole.
Part of the problem is that the folks in Washington have become jaded to the size of the numbers involved. Us regular folks that might wear an occasional python boot get nervous when something might cost $250,000US.
Beltway people don\'t even bat an eye at spending $1,000,000 (one million dollars). Add a few zeros, make it an even billion- $1,000,000,000 - and it doesn\'t faze them. So what\'s $770,000,000,000 to people like that? Nothing. It\'s just a number, meaningless.
A revolution would be nice, but we\'d just be exchanging one bunch of rascals for another.
Yes, Greed is the center of this problem. It started (at least around these parts) about 20 years ago, when the price of houses went up on a logarithmic scale. A house that cost $25K suddenly was \"worth $55k,\" and when that house went up for sale then it suddenly became \"worth $85k.\" The artificially propped up values of housing meant that people had to make costlier loans just to get a 3 bedroom 2 bath house. This meant that the loan institutions had to extend credit to customers that really couldn\'t afford the loan, even with creative interest rate twists. Which is another facet to this deal. The loans were cheap, for several years, then the interest rate would skyrocket, to help cover the inflated \"value\" of the house.
Now the customer has to sell the house, to get out from under the high cost of an overinflated overvalued property.
Yes, the banking industry has a hand in this problem. But the real villains in this situation becomes the Real Estate _Speculators_! The ones that started shoving housing prices up in the first place, so they could buy better Cadillacs and Donzi boats. Why aren\'t we sticking _their_ heads on pikes outside of town, instead of just the lenders?
whoa- sorry. I didn\'t mean to rant like that. I just think we need to start tarring and feathering crooks again. As in the good ol\' days.
Y\'all play nice now. And act like you\'ve got some smarts!
Beltway people don\'t even bat an eye at spending $1,000,000 (one million dollars). Add a few zeros, make it an even billion- $1,000,000,000 - and it doesn\'t faze them. So what\'s $770,000,000,000 to people like that? Nothing. It\'s just a number, meaningless.
A revolution would be nice, but we\'d just be exchanging one bunch of rascals for another.
Yes, Greed is the center of this problem. It started (at least around these parts) about 20 years ago, when the price of houses went up on a logarithmic scale. A house that cost $25K suddenly was \"worth $55k,\" and when that house went up for sale then it suddenly became \"worth $85k.\" The artificially propped up values of housing meant that people had to make costlier loans just to get a 3 bedroom 2 bath house. This meant that the loan institutions had to extend credit to customers that really couldn\'t afford the loan, even with creative interest rate twists. Which is another facet to this deal. The loans were cheap, for several years, then the interest rate would skyrocket, to help cover the inflated \"value\" of the house.
Now the customer has to sell the house, to get out from under the high cost of an overinflated overvalued property.
Yes, the banking industry has a hand in this problem. But the real villains in this situation becomes the Real Estate _Speculators_! The ones that started shoving housing prices up in the first place, so they could buy better Cadillacs and Donzi boats. Why aren\'t we sticking _their_ heads on pikes outside of town, instead of just the lenders?
whoa- sorry. I didn\'t mean to rant like that. I just think we need to start tarring and feathering crooks again. As in the good ol\' days.
Y\'all play nice now. And act like you\'ve got some smarts!
johnboyjjb
Active member
From Sinfest.net
