These are very uncertain times, the cost of basic needs is just outrageous. My workplace is preparing for an extended depression. The future does not hold much promise.
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These are very uncertain times, the cost of basic needs is just outrageous. My workplace is preparing for an extended depression. The future does not hold much promise.
I Live in the US and I only have to say this:
The crisis the world is facing ( yes the world, if the US economy falls, the rest of the world economy is going to hurt.) is because these bad loans have been happening since the invention of credit. The only difference is that people had jobs to pay these loans. Now that they don't, what a surprise, they can't pay for the loans.
Its tougher to get a decent job and even tougher to just get your foot in the door at a spectacular job nowadays. I'm not really sure I care much though. I don't pretend to know and understand all the reasons this is happening. But greed and over-population have their place that is for sure.
I'm going job hunting again tomorrow.
Hopefully I'll find something, even when the economy is as unstable as it is now.
Being a college student, this surprisingly hasn't effected. I'm still broke, and still have the same amount of loans to pay back after I get out of school. People who cry about this are the people it should effect. Don't blow money you don't have on stuff you don't need. Also, finding a job is not that hard, it just might not be where you want to work.
"Why do you think the government to blame?"
Easy, deregulation of the financial industry caused us to be where we are today. The government took away all checks and balances in the financial sector meaning wall street could run wild and issue as many risky loans as they wanted without any oversight whatsoever. Had there been government regulation and standards set in place for all loans (ie, making it illegal to give a loan on a $250,000 house to someone who makes $12.00 an hour) we wouldn't be where we are now with billions of dollars in defaulted mortgages.
well that might be in the AZ but here in LA finding a job is getting ridiculous. Work is work, I have no preference in jobs so I have been applying at burger joints, factories and gone to those shitty agencies and still nothing.... I have a clean record and a good resume and that still doesn't help.Quote:
Originally Posted by gutbub
I have heard word on the street that if McCain wins this election there are going to be riots. People are getting desperate/anxious and anyone with half a brain knows Cain is gonna bite the dust and leave us with that idiot of a VP.So I have been wondering
What are Conservatives Conserving?
Easy to answer who's to blame. Ultimately "the people" are for allowing their governments/financial institutions to have/use a credit system in the first place. Not sure how it works overseas but here in the US it's pretty much designed purely to give the rich breaks and the poor engorged bills. :rolleyes: Stick to cash, it's the safest bet, and don't trust it to banks.
Well in that case, I'm sorry. I guess what I said doesn't apply to everybody in a bad situation. Pretty sad when even shitty jobs aren't available.Quote:
Originally Posted by pibs
In regards to president election. Being that I'm from Arizona, I want McCain to win. I would have no preference, but I watched the news when Obama's "mentor" was interviewed. His mentor believes in "black theology." Think of it as black nazis. Not cool, I don't care for racism. Off topic now, so I'll end my post here.
Sorry I was drinking that day lol and was in a bad moodQuote:
Originally Posted by FOL