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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#51 |
Not making A Comeback
Industry Role:
Join Date: Dec 2001
Posts: 10,218
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50 dollars (now worth 2 euro)
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#52 | |
I help you SUCCEED
Industry Role:
Join Date: Nov 2003
Location: The Pearl of the Orient Seas
Posts: 32,195
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#53 |
(felis madjewicus)
Industry Role:
Join Date: Jul 2006
Location: In Mom & Dad's Basement
Posts: 20,368
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#54 |
Confirmed User
Join Date: Aug 2006
Posts: 760
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Time to spend the dollar, before its worth less.
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Suffering arises from attachment to desires. Suffering ceases when attachment to desire ceases. |
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#55 |
Troll Patrol
Industry Role:
Join Date: Aug 2002
Location: Local Socal
Posts: 15,214
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Agreed, I'm sure letting some fail would have a severe short term impact to some, but this notion of throwing money at everything to keep it afloat is going to have a much greater impact in the long run.
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"WTF, on google you can find the answer to every question in human history, EXCEPT how to convert cams..
Its crazy..." VenusBlogger |
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#56 |
Confirmed User
Industry Role:
Join Date: Jan 2004
Posts: 188
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By expanding the $ supply our Fed forces people into equities and scares them out of hording cash, which is what's going on right now. Its simply political rat fucking of mice we all are to them.
The most interesting thing is that currency experts (bloomberg) are recommending a stop loss on $/Euro at 1.30 and your gains at 1.45 so they don't even have a solid recommendation. The reality is that Europe is expanding their $ supply as well. As for gold... traditionally, especially if you're a fan of Ayn Rand you should buy the shit out of it right now. But seriously what can you possibly do with gold? Is it really in demand for something useful? http://en.wikipedia.org/wiki/Gold#Applications I mean read up on all those uses for gold and if I'm sitting here with silos full of grain and water and you come to me with some gold plated speaker wires that have debatable superiority I think I'm going to laugh and trade with some guy who can give me something I actually NEED. I think gold as a medium of exchange became useless a century ago. If you want to invest in a commodity, I'd look at one like copper for all these electric engines we're going to be producing, BUT at the same time the run on copper during the building boom inspired new composite water piping that is being phased into building codes all over the world, thus decreasing the demand. Bottom line is no one tops the USA in production. We work 80+ hour weeks, rarely take vacations. If Obummer wanted to help our country he should have given us a 2x tax credit for every employee we hire. Imagine if you could hire some programmers / desginers / traffic&marketing for $100k a year and get 200k off your taxes (assuming you're balling at that level) it'd encourage vast investment in production and unemployment would be ZERO. Instead we blew all that $ where? who the hell knows. Its honestly fine by me because each time we Ghetto $ into a hole it just erases more of it from the $ supply. IN reality do anyone think after our dip shit government spends a trillion $ we'll have anything to show for it??? not a god damn thing, hold your $ but rather invest in production if you can find something that sells regardless of the economy. (toilet paper? efficiency products? etc)
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http://en.wikipedia.org/wiki/Class_action |
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#57 |
partners.sexier.com
Industry Role:
Join Date: Jan 2007
Location: San Francisco, CA
Posts: 11,926
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#58 |
Confirmed User
Join Date: Jun 2006
Location: EU
Posts: 1,263
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Because in the real world you can only fuck up so much, before someone comes and take your shit or you away. We call those someone "the state".
Now what happens when the state fucks up? Who will come and take their shit or them away? Or as the old saying goes "Quis custodiet ipsos custodes?" - Who will guard the guards?
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#59 |
Industry Role:
Join Date: Aug 2006
Location: Little Vienna
Posts: 32,235
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Shit i fucked again didn't do reserve before this drop.
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#60 | |||
Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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If that were true gold would not be nearly $1,000 an ounce right now and central banks and governments around the world would not still be hording it. Quote:
I think the next bubble they are going to try to blow is carbon trading and other similar "green" initiatives. We'll see if they are successful... |
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#61 |
Confirmed User
Join Date: Jun 2006
Location: EU
Posts: 1,263
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The next bubble is already in the making - its the state bubble!
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#62 | |
BANNED - SUPPORTING TUBES
Join Date: Aug 2002
Location: I live in a pile of boogers
Posts: 11,913
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Quote:
What i mean is that i've personally seen a lot of shit go totally sideways in an economy that are MANY TIMES more devastating than the consequences of letting these fucked up companies die. And guess what? against all odds, a free market rebounds quickly and strongly. The idea that we need to print trillions of dollars we don't have, spend more money than any country ever has in the history of the planet to solve the very problem of irresponsible spending and irresponsible borrowing is literally the height of insanity. Step back... the weak die.. let the strong survive and let the new "Citi Banks" or "AIG's" grow from the ashes. but really.. it doesn't matter. we can't even agree as a nation or world to stop a genocide... much less on how to deal with financial crisis. we're really doomed to fail. maybe not this time, but eventually. Its the nature of man to fuck up a good thing and to stray from what works and to fix what isn't broken until it's finally broken for good. |
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#63 |
BANNED - SUPPORTING TUBES
Join Date: Aug 2002
Location: I live in a pile of boogers
Posts: 11,913
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#64 |
Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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#65 |
Confirmed User
Industry Role:
Join Date: Mar 2003
Location: Sweden
Posts: 30,069
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I made a bit over $1k yesterday on a short trade eur/usd and I traded with $200 lol, so 5x the money in one day. I still don't like that the $ is dropping though, it has dropped over 10% in a week to the swedish currency
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gfynicky @ gmail.com |
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#66 | |
Too lazy to set a custom title
Join Date: Nov 2002
Location: Earth
Posts: 14,622
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Quote:
Now that we have saved the insurers of all of these bad loans can banks go back to being banks? Citi and AIG were the two biggest insurers. |
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#67 | |
Ah My Balls
Industry Role:
Join Date: Feb 2007
Location: Under the gold leaf ICQ 388-454-421
Posts: 14,311
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Quote:
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#68 | |
BANNED - SUPPORTING TUBES
Join Date: Aug 2002
Location: I live in a pile of boogers
Posts: 11,913
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Quote:
this issue isn't a partisan issue. both sides are equally at fault.. but trying to save a few companies thinking that could stem the potential tide of massive financial woes, is a bit different than actually doing that, watching the money get wasted/deposited/sat on and not get put to use, watching company after company after company say they need billions too... then trying to give it to them in ADDITION to trying to print and spend over 1 Trillion dollars to "stimulate the economy" A BASIC FACT OF ECONOMICS 101 - you can't spend yourself to success. if we could, we would just be printing and spending money all the time. |
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#69 |
Webmaster Extraordinaire
Industry Role:
Join Date: Jul 2002
Location: A beautiful beach...
Posts: 10,748
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forget about the dollar... let's go back to trading! I have 6 eggs and a chicken. Who gives me some content in exchange?
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#70 |
Confirmed User
Industry Role:
Join Date: Jan 2004
Posts: 188
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That Ron Paul Video above should be required viewing for every person on the planet and it should be the new oath of office for every politician in this country.
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http://en.wikipedia.org/wiki/Class_action |
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#71 |
Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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