Does Anyone feel like Bailing - Page 27

TheMercenary · 11-28-2008, 12:16 PM

This guy never ceases to crack me up.

Zawahiri blames global financial crisis on 9/11 in latest al-Qaeda video

Al-Qaeda's second-in-command, Ayman al-Zawahiri, has said in a new internet video that the international financial crisis is the result of a US war on Muslims and the Sept 11 attacks.

http://www.telegraph.co.uk/finance/f...eda-video.html

ZenGum · 11-28-2008, 05:57 PM

Well, a huge deficit funded spending spree on destructive consumption rather than creative/productive investment probably was a contributing factor. Not the only one though, the bloke does have delusions of grandeur.

TheMercenary · 11-28-2008, 06:11 PM

Please show your math and how this lead to a break down of the lending system, the mortgage crisis, and a real estate bubble. Where is the connection? Other than the bottom line deficit the two were not related IMHO.

ZenGum · 11-28-2008, 06:22 PM

What is this "math" you speak of?

As I said, a contributing factor. I'm not saying it caused everything.

TheMercenary · 11-28-2008, 06:32 PM

Other than our deficit, which is astronomicallyjupiterproprotionally out of this universe, I don't see who it contributed.

Griff · 11-30-2008, 07:32 AM

Deficit spending for the WOT inflated the number of dollars in the system. That created a push to find clever ways to invest those dollars because conservative investments probably wouldn't keep up with inflation. Easy money is the fundamental problem at the heart of this whole mess, which apparently now is to be solved with easier money. :eyeroll:

TheMercenary · 11-30-2008, 09:05 AM

I don't agree. Deficit spending for the WOT went to a very narrow number of industries. It was not the source for America's new found wealth. Easy money came from the lenders, not from governmental deficit spending on The WOT. Easy money came from lending practices and a desire to get money out there at any cost. More people became eligible to buy, many whom should not have, and lent money flooded the market. Many more buyer drove up the prices and greed and competition met on the real estate market place. The hyper-over inflated home values plus the new lent money created the bubble. None of this has anything to do with money from the The WOT. As we know the majority of those billions was poured into the Middle East where it went down a black hole.

Griff · 11-30-2008, 09:13 AM

Quote:

Originally Posted by TheMercenary

I don't agree. Deficit spending for the WOT went to a very narrow number of industries.

The money didn't magically disappear after it was spent. By WOT, I mean the original definition where supposedly the Iraq war was part of it.

TheMercenary · 11-30-2008, 09:55 AM

Quote:

Originally Posted by Griff

The money didn't magically disappear after it was spent. By WOT, I mean the original definition where supposedly the Iraq war was part of it.

But it didn't pour into the market place either, infusing the economy with new found wealth. A narrow number of people and industry got rich, the rest disappeared into the pockets of the Middle East.

Griff · 11-30-2008, 11:11 AM

I'd be interested in seeing a money trail on that, if it were even possible. [shrug] I also left out the easy money policies of Al Greenspan, which were supposed to save asia.

TheMercenary · 11-30-2008, 12:00 PM

Me too. There were many trails where where there was no path. People who had duffle bags of taxpayer money, in cash, to pay the way to an end at the wim of the sargent in charge. Hundreds of thousands of dollars used to grease the palms to get things done. It is gone forever.

Griff · 11-30-2008, 03:59 PM

The real money was in men and material not goofy black ops.

ZenGum · 11-30-2008, 05:40 PM

I agree with Griff. True, there was a large amount of cash used in Afghanistan, but much, much more went to US industries, Lockheed Martin, Halliburton etc. And those lucky few who got rich then spent some of it on consumer goods and services within the US.
But, as a wishy-washy wimp, I also acknowledge a lot of truth in Merc's point: there were a lot of factors that had little or nothing to do with the WOT.

TheMercenary · 11-30-2008, 09:30 PM

No end in sight.

http://www.breitbart.com/article.php...show_article=1

TheMercenary · 11-30-2008, 10:27 PM

Editorial
Bailing Away

The federal government is going for broke in an attempt to avert the type of calamitous financial collapse that led to the Great Depression. No one would fault the objective, but throwing money at the problem is becoming an end in itself.

http://www.nytimes.com/2008/11/30/opinion/30sun1.html

11-28-2008, 12:16 PM	#391
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	This guy never ceases to crack me up. Zawahiri blames global financial crisis on 9/11 in latest al-Qaeda video Al-Qaeda's second-in-command, Ayman al-Zawahiri, has said in a new internet video that the international financial crisis is the result of a US war on Muslims and the Sept 11 attacks. http://www.telegraph.co.uk/finance/f...eda-video.html __________________ Anyone but the this most fuked up President in History in 2012!

11-28-2008, 05:57 PM	#392
ZenGum Doctor Wtf Join Date: Oct 2007 Location: Badelaide, Baustralia Posts: 12,861	Well, a huge deficit funded spending spree on destructive consumption rather than creative/productive investment probably was a contributing factor. Not the only one though, the bloke does have delusions of grandeur. __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl.

11-28-2008, 06:11 PM	#393
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	Please show your math and how this lead to a break down of the lending system, the mortgage crisis, and a real estate bubble. Where is the connection? Other than the bottom line deficit the two were not related IMHO. __________________ Anyone but the this most fuked up President in History in 2012! Last edited by TheMercenary; 11-28-2008 at 06:34 PM.

11-28-2008, 06:22 PM	#394
ZenGum Doctor Wtf Join Date: Oct 2007 Location: Badelaide, Baustralia Posts: 12,861	What is this "math" you speak of? As I said, a contributing factor. I'm not saying it caused everything. __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl.

11-28-2008, 06:32 PM	#395
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	Other than our deficit, which is astronomicallyjupiterproprotionally out of this universe, I don't see who it contributed. __________________ Anyone but the this most fuked up President in History in 2012!

11-30-2008, 07:32 AM	#396
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	Deficit spending for the WOT inflated the number of dollars in the system. That created a push to find clever ways to invest those dollars because conservative investments probably wouldn't keep up with inflation. Easy money is the fundamental problem at the heart of this whole mess, which apparently now is to be solved with easier money. :eyeroll: __________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis

11-30-2008, 09:05 AM	#397
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	I don't agree. Deficit spending for the WOT went to a very narrow number of industries. It was not the source for America's new found wealth. Easy money came from the lenders, not from governmental deficit spending on The WOT. Easy money came from lending practices and a desire to get money out there at any cost. More people became eligible to buy, many whom should not have, and lent money flooded the market. Many more buyer drove up the prices and greed and competition met on the real estate market place. The hyper-over inflated home values plus the new lent money created the bubble. None of this has anything to do with money from the The WOT. As we know the majority of those billions was poured into the Middle East where it went down a black hole. __________________ Anyone but the this most fuked up President in History in 2012!

11-30-2008, 11:11 AM	#400
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	I'd be interested in seeing a money trail on that, if it were even possible. [shrug] I also left out the easy money policies of Al Greenspan, which were supposed to save asia. __________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis

11-30-2008, 12:00 PM	#401
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	Me too. There were many trails where where there was no path. People who had duffle bags of taxpayer money, in cash, to pay the way to an end at the wim of the sargent in charge. Hundreds of thousands of dollars used to grease the palms to get things done. It is gone forever. __________________ Anyone but the this most fuked up President in History in 2012!

11-30-2008, 03:59 PM	#402
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	The real money was in men and material not goofy black ops. __________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis

11-30-2008, 05:40 PM	#403
ZenGum Doctor Wtf Join Date: Oct 2007 Location: Badelaide, Baustralia Posts: 12,861	I agree with Griff. True, there was a large amount of cash used in Afghanistan, but much, much more went to US industries, Lockheed Martin, Halliburton etc. And those lucky few who got rich then spent some of it on consumer goods and services within the US. But, as a wishy-washy wimp, I also acknowledge a lot of truth in Merc's point: there were a lot of factors that had little or nothing to do with the WOT. __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl.

11-30-2008, 09:30 PM	#404
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	No end in sight. http://www.breitbart.com/article.php...show_article=1 __________________ Anyone but the this most fuked up President in History in 2012!

11-30-2008, 10:27 PM	#405
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	Editorial Bailing Away The federal government is going for broke in an attempt to avert the type of calamitous financial collapse that led to the Great Depression. No one would fault the objective, but throwing money at the problem is becoming an end in itself. http://www.nytimes.com/2008/11/30/opinion/30sun1.html __________________ Anyone but the this most fuked up President in History in 2012!

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