Best Freerepublic Post ever

[scheming daemons]

I don't think this is one of our trolls.

This guy actually gets it.

Dow Falls 449
Thursday, September 18, 2008 1:12:56 AM · 112 of 112
Freedom_Is_Not_Free to Earthdweller

If you think the systemic problems in the market due to the liquidity/insolvency crisis brought on by the collapse of the housing/credit bubble will all be over by the elections, then you haven’t been paying attention.

You might want to study up on why this is the worst financial crisis since the great depression. Try a google search on “liquidity crisis”, “credit crunch”, “housing bust”, “derivatives”, “mortgage backed securities”, and “collateralized debt obligation”, and “credit default swaps”.

Huge, powerful institutions that have weathered numerous economic recessions have collapsed. Bear Stearns, Lehman Bros. and Merrill-Lynch are gone.

If Fannie Mae and Freddie Mac collapsed without a bailout, we would be talking “depression by the elections, if not sooner”. The housing market would be absolutely dead and house prices would collapse. I don’t mean 5%. I mean 30%. Foreclosures repossessions would skyrocket and the entire banking industry would say, “closed for business.”

You need to study this crisis a bit more if you think it is a political manipulation. This crisis has us on the cusp of a depression if the boy geniuses in charge can’t stop the spiralling deflation.

This is not a bogeyman in the closet, this is the REAL Monster from the Id, and we don’t have Robby the Robot for protection. Like the Krell, we did this to ourselves (we as in “the greedy powerbrokers who destroyed the FIRE economy”), and now like the Monster from the Id, the force we unleashed is out of our control and hellbent on destroying us.

Entire thread:

http://www.freerepublic.com/focus/f-news/2084643/posts

[Kerrytravelers]

1. Wow. That is shocking. This one must get out of Mom's basement for sunlight.

:wow:

[napi21]

4. No, I don't think they're all morons, but I'm very surprised that

someone actually admitted it! Things like that are usually said ONLY in secrecy!

[krkaufman]

20. The fact that one Freeper recognizes the gravity of the situation doesn't mean much ...

... at least not until I hear them say something other than "more tax cuts for the wealthy and corporations are needed" and "we haven't deregulated enough."

The simple fact is, we are now nearing the ultimate end-point of the deregulation policies initiated under St. Ronnie, and I doubt we'll ever see a Freeper admit *that*.

[knixphan]

37. seconded.

[krkaufman]

38. I was happy to hear soundbites, today, of Obama declaring trickle down economics as a root cause. nt

[dkf]

2. Why are we so amazed that one freeper has a clue?

Do we think they are all morans?

[TooRaLoo]

3. Yes?

[Cheap_Trick]

10. Is that a trick question?

[dkf]

17. lol.

I think a lot of Repubs are greedy and selfish, not stupid.

[Cheap_Trick]

25. agreed

However, freepers are like the halfwit bastard child of the repuglican party.

[Skittles]

35. YES

[holboz]

5. I think most of the American people don't understand the sheer magnitude of this

My husband, who is working in London (I'm here with our kids trying to sell the house so we can join him), rang on Monday asking wtf was happening with Wall Street. He said there was a real panic in going on in London in response - the media was not holding back about the severity of what was unraveling. This is the tip of the iceberg...thousands will lose their jobs as the ramifications ripple through the world economies.

I wouldn't go as far as to claim that the situation is being sugar coated for us over here but it seems as if everything is being presented much more dire over there.

Then again I'm probably just a whiner and this is all just a 'mental recession'.

[TheDonkey]

8. No, they do not. Most of DU does not either. This is very serious.

yes, the stock market is in collapse but this has signs of dominos. The banks that are collapsing are still tied to other banks already on the ropes. The fed has showed they are powerless and the global economy is also getting blowback from the subprime mess. It is only a matter of time that the cracks start to burst there. A lot of foriegn banks were also involved heavily in our subprime nightmare.

If McClown were able to steal this election there would be no doubt that America would be thrust head-first into a depression. A global economic slowdown with only China and Middle East countries with the ability to bail us out.

[WinkyDink]

12. And if we do? Exactly what can we do about it? NOTHING.

Yeah, I know: Buy canned goods.

[Marsala]

13. Gold. Buy gold.

Well, that seems to be the conventional wisdom, which isn't very reliable at the moment.

[WinkyDink]

16. First of all, gold is rising rapidly. Secondly, then what? Take it to the grocery?

Or sell it for WORTHLESS DOLLARS later?

[Marsala]

18. I was thinking in terms of transferring investments to gold...

...but obviously that's only an option for those who have significant investments. I certainly don't have any. Fortunately, I don't have much debt, either.

[DemocratSinceBirth]

30. That's What John Kenneth Galbraith Used To Say About Gold

It really has no intrinsic value except maybe as a filling....

[Eurobabe]

11. Same in Germany, the media is using the 'R' word

and bracing people that this flu is global. Fasten your seatbelts.

Meanwhile the German taxpayers took a bath yesterday to the tune of 300mil euros after a bank in Berlin "mistakenly" wired money to Lehman. People are demanding to know WTF happened, details slowly emerging.

http://www.dw-world.de/dw/article/0,2144,3652019,00.html

[City Lights]

19. Wow. A "mistaken" wire transfer to Lehman.

What can I do to become a recipient of one of those "mistakes?" ;-)

Please keep us posted as more information becomes known!

[mrreowwr_kittty]

6. OMG, I just looked up Krell and FIRE.

Never thought I would say this but "thank you Freeper". I learned a whole lot about our economy tonight.

[sofa king]

31. Yeah, at least the guy has good taste in bad science fiction.

[Bryn]

7. This story reminds me of Atlantis Legend

I once read Atlantis mythology (or maybe it was real, who knows?) that Atlantis people were so advanced in everything then when they got greedy, it destroyed them all and the city, Atlantis, some 35,000 years ago.

[d_b]

9. ONOES

:-P

[specialed]

14. Very True...

Buckle up people its going to be a bumpy ride over the next two years.

[Love Bug]

15. Did they ban him yet?

I mean, one gets banned there for making sense! He used metaphors, too, so they will think he's a "smarty-pants liberal"!

Who did they think was manipulating the markets? Obama?

[DeeDeeNY]

21. Can't be. Where are the spelling and grammatical mistakes?

[JTFrog]

22. He is obviously a troll.

:rofl:

[bushisanidiot]

23. That post was probably followed by a bunch of "Bush's fault" mockery by those lemmings

they don't even get it.

It IS Bush's fault. The economy is in shambles be that asshole made some REALLY BAD decisions. He was a frickin' C student at best.. why do the repukes support people who are clearly not qualified to be president? Why do they just close their eyes and cheer loudly for whomever has an R next to their name???

Do they really love their party that much that they would sacrifice their country just to win an election??!! An election isn't a game of football. It's REAL LIFE!!!

It's shocking to me..

[KayLaw]

24. Hear it all the time.

Oh, the economy is just fine. The media are just dramatizing things to get Obama elected. Everything will be fine after the election. So many keep repeating that so they're getting from the same source, whatever that may be.

[HiFructosePronSyrup]

26. That's me.

Oops, I've said too much.

[DefenseLawyer]

27. Shut up! It's Clinton's fault! n/t

[DemocratSinceBirth]

28. I'm Not A Classically Trained Economist

But there is more agreement among classically trained economists than disagreement...There are certain "laws" of any social behavior including economics...

[Barack_America]

29. That is the sound of a man who has been kicked in a very sensitive place...

...his portfolio.

I do wonder if some of these people will start to reconsider what is more costly to them; the extra taxes they will get with Democrats or the complete financial meltdown they will get due to Republican Wall Street free-for-alls.

[Pryderi]

32. Judah Loew and his golem. n/t

[tbyg52]

33. I can't find this post there anymore. - oops, nevermind

I was hoping to hit "stop" before I made a fool of myself here - I'm used to DU, where you see everything on one page....

[AldebTX]

34. Is It Ok To Recommend a Post

Thats from a Freeper?

[yardwork]

36. No way is that a freeper. For one thing, what freeper quotes Forbidden Planet?

Complex sentences, excellent grammatical structure, multi-syllabic words spelled correctly, knowledge of 20th century history. That's not a freeper. That's an old-fashioned Republican who went into FR to slap some morans around.

Too late, Barry Goldwater Republicans. You made a pact with the devil and expected him to behave?