Quote:
Originally Posted by Splum
These "guys" are losing millions of dollars there is a "reason" they are scared. It isnt just the stock market. Economic growth declined 6% last quarter (6 fucking percent dude), unemployment in some states (michigan for instance) is OVER 10%, dude open your fucking eyes. The greatest depression is barely underway and all you people can say is oh its just fear tactics. This is real shit dude, this is no fucking joke, when 50% of American wealth has been wiped thats a HUGE problem for everyone.
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The problem is that the wealth you are talking about never really existed. It was a phantom economy. Packaging up a $20 bill and selling it over and over for profits. Nothing tangible was created, nothing of value.
So yes, people are getting destroyed right now. But these people also chose to invest their money into companies and products that were built on nothing. Companies that tried to make money on leveraging money they didn't have. It truly sucks for people, but hopefully it's a lesson in the future for people to research what they are doing with their money. These people lost money because they chose to blindly accept their big annual returns the last 10 years without taking a minute to think how they were doing it.