Search results

My understanding is that it not so much the loans as the Credit Default Swaps. I feel no shame in not understanding how they really work because very few do but you can "take out insurance" against the default of corporate and state borrowers. Funny thing is you don't need to actually have...

This is what the New World Order is all about. But if one posts on it you become a conspiracy theorist. :(

Better expand your reading then Equitymate. It has been known for a decade that the US is in a death spiral. What isn't known is when they will run out of ammunition defending their status or when the rest of the world simply ignores them. Neither will happen next week. Anyone taking a...

The US figures become really scary when you account for unfunded liabilities. They would need 100% income taxes to fund them. (something like that).

Here's an interesting vid re riots: http://www.youtube.com/watch?v=JB4wefzZLNc&feature=related

CJ's figures would be closer than the 8 and 10% ones which are way off the mark.

I'm no expert but Argentina did. Destroyed the middle class and has never recovered. Remember Argentina has (had) a lot going for it, similar to us. They failed politically and nothing has changed so it is imperative that we keep OUR bustards honest. Lazy, corrupt pollies can destroy a...

I think Lizzie also asked if we would actually riot. I think it is safe to say Aussies wouldn't care enough although it must also be said we have been asking pollies "How are going to pay for that?" for a long time now. For this I believe we deserve kudos. We are pretty quick to put...