$700,000,000,000 Best case scenario (and it sucks)

[TDC57]

I'm just wondering if everyone knows (or cares) that when congress passes the “bail out bill” it will cost on a average each individual in the USA approximately $3,580.00 , not just the working class, I'm talking about every man, woman and child and illegal per CNN.


Worse case per the “expects”
http://www.yahoo.com/s/961950


Personnel I'm thicking about meeting with a finical broker to reviewing my options about pulling out all of my 401k & life savings and will be buying gold!.. That way regardless / whatever the dollar is worth in the future, gold is a world wide commodity..



Your thoughts on the subject ?..


P.S.
Not trying to start anything just curious to see what your thoughts are on the mater and if is it changed your spending habits (?)..:wink:

[plettenbergs]

a must see video...http://www.youtube.com/watch?v=NU6fuFrdCJY

[spaz163]

To be honest I am not much of the politcal type but 700 billion dollars is a lot o cash. What would happen if instead of giving it to wallstreet... they split it up evenly amongst all of the legal us citizens... I don't know off hand how many people are in the US right now but I bet it would be a decent chunk of change for each person...

[TDC57]

I'm forwarding that Video to everyone at work tomorrow.. GREAT Pull...

[plettenbergs]

VERY SCARY!...i am sending it to everyone i know!

[jayjay283]

they said it didnt pass ?.. wtf

[pb4ugo]

Originally Posted by spaz163

To be honest I am not much of the politcal type but 700 billion dollars is a lot o cash. What would happen if instead of giving it to wallstreet... they split it up evenly amongst all of the legal us citizens... I don't know off hand how many people are in the US right now but I bet it would be a decent chunk of change for each person...

Redistribution of wealth, the founding tenet of communism.

[TDC57]

Originally Posted by jayjay283

they said it didnt pass ?.. wtf

It didnt pass now we are on to Plan "B" http://www.yahoo.com/s/962000

has this changed your spending habits

IMO this is what has caused a lot of the problems people freaking out, not believing in the system(banks) and drawing thier money out and the banks are not equipped for this. We need to go about our business as usual, buy products as you normally would. I believe with the changing of the President no matter who it it we will have the perception things will improve and in a lot of cases this is all that is needed

in this economical climate it is the time to buy especially real estate if you can afford to, this is the time the rich get richer and the poor get poorer

[jayjay283]

I hope Sarah wears a bikini Thursday LOL


In seriousness i took 580K out of the nasdaq and put it in bonds, Im friggin scared, I dont mind being poor now but when im 50 Im sitting on a sail boat in San Juan, Thats saved from you tech dorks needing Y2k upgrades, dont see another opening for me, thats my fun. no way im going to lose it

[plettenbergs]

a BUDWEISER THONG!

[jayjay283]

Originally Posted by plettenbergs

a BUDWEISER THONG!

Im glad that pics fake, I suspect better legs LOL

[Arct1k]

This is a disaster in the making that is not well understood. It isn't about wall street as reported on most shows it is about credit between banks and consumers - There is NO liquidity in the market at the moment and that is going to mean no cash to lend - Try getting an unsecured or secured loan or mortgage in a few months.

Which bank are you going to go to - wamu, wachovia, merrill lynch, lehman, bear? There will be few left soon RBS, B&B, Northen Rock in the UK.

$1 Trillion in asset value was wiped off the stock market today - Even if you don't have shares directly this is your money - Its your 401k, your company pensions and your health insurance company savings. America lost more today because the powers didn't pass the bill than America could possibly have lost on the bill! Now that is irony for you...

[jayjay283]

I do wamu and chase, glad I didnt hear hear the wahovia takeover crap on my bank today, I just cringe, hid it all away