| cdude1034 said: Wow. Just wow. I wasn't going to respond to your ignorance, but I figured it's best not to let others believe how full of it your post is. The American economy is in the position it's in because the credit institutions in this country lent money to a lot of people who couldn't pay it back. This started a domino effect. Once the people started defaulting on their loans, these banks started to lose a lot of money. Once they started losing this money, the confidence in these institutions decreased dramatically, so the people who had their money there moved it elsewhere. One of these places was oil, which contributed greatly to the run up in price, but that's a story for another time. Anyway, this lack of confidence led people who would've otherwise kept or placed their money there to not do so. These institutions didn't have enough capital to "pay the bills" per se, so they went under. This isn't karma, this was caused by really bad business decisions. It would've unfolded the same if we had an isolationist foreign policy. The only argument you can make relating FP to this current situation is the fact that if we didn't spend so much on the war, we'd have more bailout money. Please keep your misinformed editorials off of this website. Thanks. |
It's an opinion, and he's entitled to one. It's ignorant of you wanting him to keep his opinion off the site.
I don't think it's karma. I agree for the most part with cdude. Another issue is having no standard and being able to just "print" more money. The real value of the dollar is NOTHING. It's a sad system.









