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The depression

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zyndr0m
I post too much

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Posted: Tue Apr 21, 2009 12:07 pm Post subject: The depression

Why where i can about it? Is there a articel somewhere that clarify what actually happened?

Fantasy
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Posted: Tue Apr 21, 2009 12:09 pm Post subject: Re: The depression

Moderator wrote:

Why where i can about it? Is there a articel somewhere that clarify what actually happened?

Why where i can about it ? - Now that makes NO sense..

And .. do you mean what happens when you get a depression?

http://en.wikipedia.org/wiki/Depression

zyndr0m
I post too much

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Joined: 23 Oct 2007
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Location: Japan!

Posted: Tue Apr 21, 2009 12:09 pm Post subject:

I mean, where can i read about todays depression.

cheesecan
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Posted: Tue Apr 21, 2009 12:27 pm Post subject:

Moderator wrote:

I mean, where can i read about todays depression.

Its more of a recession, but yeah, the banks lost all the money.

JackCrackerMan
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Joined: 22 Mar 2009
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Location: Chandler, Az.

Posted: Tue Apr 21, 2009 12:27 pm Post subject:

Moderator wrote:

I mean, where can i read about todays depression.

Why don't you go to www.google.com and do a search for the current US economic situation. The question is, where can you find to read it that isn't Bias towards one side of the information or the other.

cheesecan
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Posted: Tue Apr 21, 2009 12:29 pm Post subject:

JackCrackerMan wrote:

Moderator wrote:

I mean, where can i read about todays depression.

Yeah but search 2008/9 us financial crisis/ ressecion, not depression.

JackCrackerMan
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Location: Chandler, Az.

Posted: Tue Apr 21, 2009 12:34 pm Post subject:

cheesecan wrote:

Moderator wrote:

I mean, where can i read about todays depression.

Its more of a recession, but yeah, the banks lost all the money.

The "Banks" didn't "lose" the money... they loaned money towards people who couldn't afford to pay their morgages because of stupid policies put in place that built a weak infastructure for the loans. Jobs started being out sourced, banks started not receiving their payments for the money they loaned out... they stopped giving loans to people (construction yards that depend on loans to get jobs started) which then caused more jobs to be lost... which caused people to stop spending money which caused more jobs to be lost as the small mom and pop shops started going out of business which caused more jobs to be lost.

It's a trickle down effect, you stop paying the middle class, they turn to the poor class and now those of us who still have a job have to pay taxes which then goes towards unemployment for the guys who aren't so lucky to have a job.

zyndr0m
I post too much

Reputation: 4

Joined: 23 Oct 2007
Posts: 4358
Location: Japan!

Posted: Tue Apr 21, 2009 1:01 pm Post subject:

JackCrackerMan wrote:

Moderator wrote:

I mean, where can i read about todays depression.

Who cares, as long as it informative, so i can finish my essay.

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