The News, The Media, The Economy?

[sellin71]

Originally Posted by ANGRYCOMICMAN

The so called media can shape everything we see and hear.
Some of you are too young to remember this but back in the late 70's or early 80's.
Johnny Carson said very seriously on his show that there was a toilet paper shortage.
The next day people were buying toilet paper like crazy, until the shelves were bare. He had to say the next night that it was a joke. And this wasn't even a news show. Some of the lazy news people even ran with the story as if it were real. Never bothering to check out the story.
In this age of instant access/gratification to all forms of media, it's even easier to fool the masses. Since most people I meet on a day to day basis, are genuinely sheep and have no attention span whatsoever. They believe almost everything that is fed to them, by the so called media.
Most of them will perish when the depression hits.

So, you think a depression is coming?

[ANGRYCOMICMAN]

Originally Posted by sellin71

So, you think a depression is coming?

It's been almost 80 years.
All the signs are there.
And history usually repeats itself.
WE have a Nazi/Fascist Muslim extremists, we have appeasers in Europe & here, we have gotten fat on our wealth, we just need that one little push and BOOM.
Depression.
And the only true way out of a depression, is a war. A BIG WAR.
I'm such an optimist.

[lord odin]

Originally Posted by ANGRYCOMICMAN

It's been almost 80 years.
All the signs are there.
And history usually repeats itself.
WE have a Nazi/Fascist Muslim extremists, we have appeasers in Europe & here, we have gotten fat on our wealth, we just need that one little push and BOOM.
Depression.
And the only true way out of a depression, is a war. A BIG WAR.
I'm such an optimist.

I like the way you think.

[Brru]

I think the US has to many things set up in order to make sure a depression doesn't happen the way it did before. We may see a dip, but we wont be draining the bowl.

As for recession, I thnk we are already in one, but that probably has to do with my class. I live in California too so Im sure that has a bit to do with it as well. I think the latest flag in my mind has been the loss of jobs (for what ever reason, not just outsourcing). More and more upper middle class have lost positions and had to coincidentally cut back on spending. Unfortunately, people in the upper echelon won't admit things until it hits them.

I read a report a few years back that said every recession in history was never called a recession during its period of time. Every recession has only been designated such a year or so after the recession was over. Only when the data finally comes in will we know if it was really a recession.

As for the media.... they are capitalist. "A nuclear missile is going to send the US into the apocalypse within the next 30 minutes. Find out where tonight at ten!"

[ANGRYCOMICMAN]

Originally Posted by Brru

I think the US has to many things set up in order to make sure a depression doesn't happen the way it did before. We may see a dip, but we wont be draining the bowl.

As for recession, I thnk we are already in one, but that probably has to do with my class. I live in California too so Im sure that has a bit to do with it as well. I think the latest flag in my mind has been the loss of jobs (for what ever reason, not just outsourcing). More and more upper middle class have lost positions and had to coincidentally cut back on spending. Unfortunately, people in the upper echelon won't admit things until it hits them.

I read a report a few years back that said every recession in history was never called a recession during its period of time. Every recession has only been designated such a year or so after the recession was over. Only when the data finally comes in will we know if it was really a recession.

As for the media.... they are capitalist. "A nuclear missile is going to send the US into the apocalypse within the next 30 minutes. Find out where tonight at ten!"

O NOZ!!!!!!
And Los Angeles is going to fall into the ocean.

[Endless Wake]

I think were in for a historically bad day today fellas.

[cblakey1]

Originally Posted by Endless Wake

I think were in for a historically bad day today fellas.

Amen, bro.

But who cares? It's almost barbeque season. Right Chris (Country)?

[Ink]

Originally Posted by Endless Wake

I think were in for a historically bad day today fellas.

baer sterns just went into the sh*tter

[rilynil]

I got my 401K statement last week and I lost $9,000 this past quarter. Damn, for me that's a HUGE hit!

[cblakey1]

Originally Posted by rilynil

I got my 401K statement last week and I lost $9,000 this past quarter. Damn, for me that's a HUGE hit!

I don't even want to look at my 403B