MasterCard: The Official Card of the Depression

Submitted by: davymid 8 years ago in

Is the American economy completely screwed? You be the judge, I-A-B!
There are 51 comments:
Male 432
kairobert
Male, 13-17, Europe
843 Posts Friday, October 24, 2008 8:03:49 AM
Capitalism fails.
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Oh, you`re one of those people that thinks the United States actually has true capitalism right now?
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Male 2,553
more of a can of worms than anything interesting.
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Male 38
americans will be the new polish people here in the uk =P not meant racistly

but seriously now we`re gonna have americans taking our jobs rather than the pols, sure the might speak better english (only slightly) and sure they`ll probably work harder, but the majority, (from my experience and extensive knowledge of teh internetz!!!11), will moan about the wide range of cultures in the uk, put everyone into a panic cause of the threat of terror and finally sit on their asses and hope for the best :)

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Male 2,486
I`m never going to use a Credit Card, I`m going to own one.. JUST in case something bad happens, but other than that.. no way. Too many bad things can happen.
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Male 493
This is why I have no credit, but awesome investments due to dollar cost averaging. It`s so sad because I took a Millionaire out to lunch one time and he told me "why worry about having good credit? It`s stupid. What`s the first step to having good credit? Being in debt and paying interest. Wouldn`t you rather earn it through stocks, bonds, or mutual funds instead of pay it?" That`s why I invest heavily into my SEP IRA instead of having some stupid credit card.
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Male 1,153
tuuuune
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Female 283
Credit cards can be either a very good thing or a very bad thing...

When you have a job, buy something like one tank of gas/month on it, and then pay it off, it`s a very good thing and helps your credit out.

When you lose that job and are forced to rely on these cards as a way to eat, pay bills, and find a new job, they`re not so good to pay off when you finally find said job a year later.

Essentially: *if* you know you can be responsible with them, go ahead and use them, they`ll help you. If you know that you`ll just think of it as extra money you have the option to use and know you *will* use it, do yourself a favor, if one comes in the mail, cut it up before you even use it.

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Male 247
I haven`t had, or used, a credit card in over a decade. Yea, it was hard, real damn hard to get accostomed to, and I did without many things; but worth it is an understatement. I highly recommend it.

Sit down and realistically tabulate all the extra expenses in various "fees", penalties and interest you pay out in one years time (while still never paying off the card) and you may be shocked.

(steps down off slippery soapbox)

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Female 410
Why was there an old 90`s Gap commercial spliced throughout? They couldn`t find and authentic swing dancing footage from the 30`s?
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Male 1,623
Capitalism fails.
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Female 475
i think we need to STOP using credit cards, and start using cash more. that way you arent borrowing the money and have to pay it back plus more, you have it right there, in hand...but then again idk...this money things sending me thru a loop. :-/
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Female 75
=/ *sigh* my generation is sooo screwed. yay!
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Female 553
About time this was exposed more. The dollar is worth around 3 cents right now. Brazil and Argentina just abandoned our dollar..and..here`s the shocker:

Just before we invaded Iraq, Saddam Hussein decided to go against OPEC and said, "Screw you, America. Your dollar sucks. I`m not letting your monetary policy drag my country down."

Hmm...makes you wonder...

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Male 181
Yea, my father in-law lost $4,000 from his retirement plan since yesterday do to stock loses.

Fun time to be an American!

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Female 738
Yeah.

Kind of sums it all up.

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Male 8,302
> Tonyjet
> illegal immigrants are going back from were they came from

You mean... all Americans are heading back to England, handing the country back to Native Americans?

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Male 1,036
Heh, thats great. Kinda show spending in a capitalistis world in a nutshell.
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Male 274
Yep, there goes my 401K. I think that the people that received all that money should be shot in the head with a 22.
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Female 15,763
Great. GOD DAMNED GREAT. Right as I`m entering adulthood, trying to pay for college and getting a job, paying taxes, doing bills, this sh*t has to happen?

THANKS, OLD PEOPLE. THANKS FOR NOTHING.

...I`m bitter.

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Male 168
that was freaking awesome
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Female 195
The only thing that really provoked my thought was how this guy talked. You could hear every time he licked his lips or cleared his throat. It drove me to distraction x_X
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Male 1,254
I still support the Laissez-faire economy. Let the market do what it wants to do.

There will be ups and there will be downs, but the ups still help and the downs, while a bit more frequent, are not devastating.

A note on the video, it seemed to go off on Bush a good bit, and while he shares the blame I cannot ignore the numerous American citizens spending outside of their means, charging everything and taking out ridiculous loans. What a culture we live in...

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Male 311
itsallfake
you dont get why this is important at all.
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Male 3,296
"doodlydoo727
Male, 13-17, Eastern US
116 Posts Thursday, October 23, 2008 12:23:00 PM
the derpression is wat this country needs to toughen it up a bit"

is that a quote from McCain... or Bush.. which one??

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Male 3,296
George Bush has single-handedly put this great country into shame

illegal immigrants are going back from were they came from.. am serious

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Male 5,970
And yes, we are red from all the post we have murdered, we just got tired of washing off every time so we gave up the cleanliness of orange
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Male 5,970
I don`t think its going to be as drastic as the depression (I hope) But we are ceartainly going through some tough times
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Male 185
I`ll end with interest... because our money is essentially the principle on a loan from the federal reserve, if you add interest to that it GUARANTEES that we`ll always be in debt, and it also GUARANTEES bankruptcy, and it also increases the gap between the wealthy and the poor. Think when people go bankrupt the banks seize their property.
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Male 185
Basically... if you guys wanna know just how drating screwed we all are... check out this vid:
http://video.google.com/videoplay?docid=...
Skip to the 5 minute mark for the really important part, as it starts with a long winded speach, the vid is 2 hrs long, but if you just watch for 3 minutes you`ll get the just of it.
But for those of you who don`t want to... i`ll paraphraze here:
The united states needs money,
so it contacts the Federal Reserve and says I need 10 billion dollars,
the FED then replies, ok give us 10 billion dollars in US bonds.
So the exchange takes place and now the U.S. has 10 billion dollars... created from
ABSOLUTELY NOTHING! THIN AIR!
The new money siphons off it`s value from the original money.
Government bonds are essentially debt. They promise that they`ll repay the federal reserve.
That`s just the tip of the iceberg though, I
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Male 12,138
vv Fake, the oil tycoons in the Middle East are not "adjusting their prices", they have very little control over the oil price (certainly a lot less than they would have us all believe). The global oil price is fundamentally controlled by the fluxes of supply and demand, same as any commodity. It`s erroneous to think of a group of oil sheiks sitting around and deciding what today`s oil price is going to be...
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Male 474
just a thought for you... if the entire worlds economy sinks and the current digital number isnt worth the same digital number it was worth 2 years ago, are we really hurting? If currency and stocks drop globally, causing the price of physical commodaties to go down, and the wages to not go up, isnt this just leveling it all out? The only way i can see a real problem is if suddenly, oh noes, the american economy tanks, but oil continues to rise (which it`s not) and metals and plastics and every tradable commodoties rises to the point that no one can buy or trade anything i could see a problem, but it`s not. The price of oil is falling because Americans are their best and biggest customers, and as much as the people over in the middle east hate us, i notice that their oil tycoons are adjusting their prices so american can continue buying...
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Female 929
Davymid - Gears Of Friggin War is out soon... <Oils chainsaw bayonet>
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Male 12,138
True, deathxtra. Dripping in the blood of F1RsT!1!one!! posters, spammers and pornbots. It`s like Gears of Friggin War round here, I swear.
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Male 99
100% accurate.
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Male 2,788
his name is drenched in the blood of his victims.
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Female 929
Agreed.

Is Opie still Giraffe-orange?

And... hehe FancyLad isn`t gold, he`s yellow. :P

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Male 12,138
Because I`m f*cking awesome, Rat.
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Female 929
Nicely done. ...Wait.. Why`s Davymid red? O_o
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Female 91
Yeah, pretty much everyone`s screwed. Well, it was bound to happen sometime. May as well be now.
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Female 237
And the rest of the world isn`t doing so great either.
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Female 237
"Is the American Economy completely screwed?" In a word- yes.
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Male 12,138
BTW, just because I (European) posted this, it is NOT a gloat at the American economy (we`re feeling the burn in Euro-land too), it was just meant to be thought-provoking. Just thought I`d clear that up.
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Male 995
Not to worry, we`ll use the same tactic as last time... and all will be well after World War III
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Male 177
Doodlydoo, are you drating stupid?
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Male 9,306
Our monetary system was built to fail horribly...>_<
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Male 1,788
If you listen to any nobel prize winning economist or any such people, they all say this is a HUGE deal. Basically, yeah it could be the next great depression. Unfortunately for everyone who`s not in the USA, that means you`re in trouble too. If one of the major economies of the world crumbles, everyone suffers.
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Male 43
The song caught my attention first. But the video itself was worth the attention.
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Male 386
ouch. It took me by surprise when he said "the second great depression" I hope this one won`t be as bad as the 1930`s.
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Male 924
yes it is, but so is the british, so i`m screwed too :(
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Male 437
the derpression is wat this country needs to toughen it up a bit
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Male 12,138
Link: MasterCard: The Official Card of the Depression [Rate Link] - Is the American economy completely screwed? You be the judge, I-A-B!
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