Banks with political ties got bailouts, study shows

[bush_cheney2004]

...This is going to hurt economies around the world, it's going to get pretty bad. If any part you feel doesn't make sense tell me, ill elaborate on it more.

Actually, US GDP has depended on consumer spending to the tune of about 70%. Why should American consumers stay in hock just to prop up other broke dick economies around the world? If you are so dependent on what I decide to buy and how to pay for it, then you deserve whatever happens.

[Pliny]

Why should American consumers stay in hock just to prop up other broke dick economies around the world? If you are so dependent on what I decide to buy and how to pay for it, then you deserve whatever happens.

But they are not capitalists like you.

[maple_leafs182]

Actually, US GDP has depended on consumer spending to the tune of about 70%. Why should American consumers stay in hock just to prop up other broke dick economies around the world? If you are so dependent on what I decide to buy and how to pay for it, then you deserve whatever happens.

Well some people say 70% some say 40%

But in fact, ‘personal consumption expenditures’ in the U.S. is a grab-bag category which includes all sorts of money—like Medicare spending by the government—which never passes through the hands of households. PCE also includes all the consumer goods imported into the U.S.—cars, computers, clothing, and the like—which create very little economic activity in this country.

In fact, by my very rough calculations, the money that people actually pull out of their paychecks and bank accounts to pay for domestically-produced goods and services drives about 40% of economic activity in this country. That’s still large—but the U.S. is nowhere near as dependent on consumer spending as people think.

Source

I don't care what you buy, it is your choice. In fact is doesn't matter what you buy, the whole system is a scam. This is why 2% of the worlds population owns more then half of the worlds wealth. It is setup to keep the rich rich and in power. Big Money shapes society and central banks control Big Money. This depression we are headed into will cause a lot of people to suffer and for what, economic reasons. The economy isn't real.

This depression was created by central bankers, they want a world currency so they can centralize power.

This is a big claim, I know, but only time will tell.

[bush_cheney2004]

Well some people say 70% some say 40%

You said 40%...which is a much better scenario, no?

I don't care what you buy, it is your choice. In fact is doesn't matter what you buy, the whole system is a scam. This is why 2% of the worlds population owns more then half of the worlds wealth. It is setup to keep the rich rich and in power.

Then why are you obsessing on the United States?

Big Money shapes society and central banks control Big Money. This depression we are headed into will cause a lot of people to suffer and for what, economic reasons. The economy isn't real.

I guess you have never been to SubSaharan Africa. So nice that now you are concerned about such suffereing....because it might be you!

This depression was created by central bankers, they want a world currency so they can centralize power.

This is a big claim, I know, but only time will tell.

Nothing you can do about it anyway...just sit back and enjoy the ride.

Edited January 1, 2010 by bush_cheney2004

[Jack Weber]

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This requires psychiatric evaluation....