Fiscal Crisis 2007 - Rewarding the Idiots

The devalued dollar and the ongoing effort to stabilize the banking system should make you revisit your financial position. While I am not a financial advisor, I offer my suggestions to a fictitious position I expressed back in June and how I would change it. This is NOT financial advice. If you are looking for that, go talk to your financial advisor. I'm just commenting.
We also talk about the recent interest rate gossip and how it will effect you as a tax payer.

Category:

News & Politics

Tags:

• fiscal
• crisis
• 2007
• dollar
• currency
• what
• to
• do

[shegax03]

What do you use for video editing, as well as the words on the bottom of the screen

[jpalme2000]

I use iMovie 08, from Apple Computer. It's part of the iLife 08 software bundled on my Macintosh.

[lostinthemix]

Wish i could post a vid, don't have the shit to do it.

[jpalme2000]

My suggestion is to find a logitech webcam for 19 dollars from any computer superstore. Use the built in Youtube driver to make the video in real time. That's what I did until people mentioned the quality of my audio wasn't good enough.

[tonjg]

he does not lose credibility at all. Storing food is common sense shtfool, you should not scoff so. No-one knows what will happen tomorrow - probably nothing will happen, but then no-one is certain. In case it turns bad do you want to have food stored or turn into an overnight beggar?

[hunt1803]

Thanks for another well done video.

It really is infuriating that the banking cartel is probably going to get away with this.

Being responsible is going to cost us.

Being irresponsible is going to be rewarded.

Life is upside down - the US economic and political system is broken and I'm starting to wonder if there is any way to fix it peacefully...

[boss79]

Have you ever owned a home? Of course people want to keep making payments on their home. If they can afford the payments they're going to keep making em.

[talktal]

it's not much of a bail out, considering he's making the freeze effective for mortgages given out in the last two years. how many people will want to continue to pay on a $400,000 mortgage for a house that's worth half as much?

[JackNeedles]

Exactly. Some people jsut have their head in the stand and ignore how bad the problem really is. As far as storing food goes, thats a chance you don't want to take. If nothing happens( which I highly doubt) and I stored food, I'll just use it up and not have to go to the store and save money. But, if something bad does happen, you have food. You lose nothing if you're wrong. If you're right, you lose everything. Not good to take that chance.

[boss79]

Well, there it is. Bush is freezing interest rates for the sub-prime mortgages. Biggest Bailout yet. Makes me mad that people who were irresponsible get off relatively unscathed.

[shtfool]

Jesus Christ, how can I take u serious when you bring up great points then talk about storing food supply. What do u think this is IRAQ?  Come on. you lose credibility when you say such things.

[tonjg]

it's called keeping your ear to the ground lost. Some would also call it watching the horizon, even tho nothing's happening. We're not all hillbillies running around with guns here you know.

[lostinthemix]

And yet you somehow manage to watch all these crazy people and make lame comments.

[tonjg]

I've got a feeling in my bones that nothing is going to happen despite all the fear mongering on yt. Life's going to go on as normal. And there's a difference between expressing ones views on the economy and making financial armageddon prediction videos.

[WAYTOZER]

At least there are people out there expressing there view on the economy and giving people ideas what might go on. what do you think is going to happen ? Is the U.S. just going to keep adding to the national debt and nothing will ever happen