3 Years Ago Today Lehman Brothers Collapsed.

  • Posted by a hidden member.
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    Sep 15, 2011 11:36 PM GMT
    In odd coincidences or perhaps not, the Swiss bank USB lost $2 billion to a rogue trader. Additionally, the central banks of several advanced economies decided to bail out Greece, which has been teetering on collapse.

    Have we learned anything?

    What is the next step? Where do we go from here?
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    Sep 15, 2011 11:50 PM GMT
    I don't think it matters if "we" learned anything.

    Those who were wealthy and powerful 5 years ago are more so today. So from their point of view, it all worked out just fine.

    There's a reason the republicans in the US keep advocating economic policies that make no sense: they're not interested in the country or the world, they're interested in themselves, the .5% that owns most wealth. So from their perspective it works just fine.

    The PIGS countries were just desperate to catch up to a wealthy northern Europe, and just got caught in the wrong place at the wrong time. The turbulence in the US and the ripple effect that followed merely accelerated it.
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    Sep 16, 2011 1:01 AM GMT
    theantijock said
    "Off with their heads"~Dr Joseph Ignace Guillotin


    I thought that's what the Queen of Hearts said. I.e. Alice in Wonderland, never going to happen in the "real" world. icon_lol.gif
  • barriehomeboy

    Posts: 2475

    Sep 16, 2011 7:05 AM GMT
    This shit isn't over. Sell everything.
  • barriehomeboy

    Posts: 2475

    Sep 16, 2011 7:24 AM GMT
    You'll need cash, and a place to hide.
  • barriehomeboy

    Posts: 2475

    Sep 16, 2011 7:25 AM GMT
    The ATM's will be out of money.
  • barriehomeboy

    Posts: 2475

    Sep 16, 2011 7:26 AM GMT
    The credit cards won't work anymore.
  • barriehomeboy

    Posts: 2475

    Sep 16, 2011 7:27 AM GMT
    And you need food.