Go ahead and panic

[techs]

http://en.wikipedia.org/wiki/Panic_of_1792
http://en.wikipedia.org/wiki/Panic_of_1796–1797
http://en.wikipedia.org/wiki/Panic_of_1819
http://en.wikipedia.org/wiki/Panic_of_1825
http://en.wikipedia.org/wiki/Panic_of_1826
http://en.wikipedia.org/wiki/Panic_of_1837
http://en.wikipedia.org/wiki/Panic_of_1847
http://en.wikipedia.org/wiki/Panic_of_1857
http://en.wikipedia.org/wiki/Panic_of_1866
http://en.wikipedia.org/wiki/Panic_of_1873
http://en.wikipedia.org/wiki/Panic_of_1884
http://en.wikipedia.org/wiki/Panic_of_1893
http://en.wikipedia.org/wiki/Panic_of_1896
http://en.wikipedia.org/wiki/Panic_of_1901
http://en.wikipedia.org/wiki/Panic_of_1907
http://en.wikipedia.org/wiki/Panic_of_1910–1911
http://en.wikipedia.org/wiki/Panic_of_1930

Are you looking forward to the return of bank panics resulting from deregulation?

 

[dmcowen674]

Hard to "panic" when you don't have any money to begin with.

Now the rich on the other hand..... hope they lose their asses

 

[techs]

Hard to "panic" when you don't have any money to begin with.

Now the rich on the other hand..... hope they lose their asses

The rich end up with a greater percentage of US wealth everytime there is a panic.
And the middle class gets wiped out. They lose thier homes and businesses and retirement money and their kids don't go to college. Everything they work for is wiped out every ten years. And the rich buy up their assets for a song. Then sell them back to the middle class when the economy gets better.

 

[Jaskalas]

Let's not forget 2008. They are still not loaning money at rates anywhere close to what they did in the past decade or two.

 

[PrinceofWands]

Little money, but no banks...no panic here.

 

[Matt1970]

Who cares, just print more money.

 

[Londo_Jowo]

The sky is falling, the sky is falling....I say the sky is falling!!!!!!

 

[WackyDan]

Economies are cyclical in nature. Everyone seems to forget that and focuses on the 2008 meltdown and spew BS that 401's are not a safe investment vehicle, blah blah blah...

It will happen again and again. The smart ones get it.

 

[Texashiker]

Who cares, just print more money.

Yep, no need to panic, just print more money.

 

[Lithium381]

Dave - why do you hate the rich and America so much? Your jealousy, I can smell it from here and it reeks. Go make something of yourself and stop complaining about how the "man" is somehow preventing you from being a better person!!! The "man" in this case is really big government. Go ahead and vote for your hero and be ready for another 4 years of "change".

 

[momeNt]

ABCT is the only real way to explain these panics, as well as the great depression and the current great recession.

Every other explanation is just populist rhetoric aimed at easing us towards accepting our eventual communist government.

 

[WelshBloke]

Go ahead and panic

Aaaaaaaaaaaaaaaaaarrrrrggggghh!!!

OMG!

WTF!!!

Bllllaaaaaaarrghhhhhhhhhh. Whoooooaaaaaaaaaaaaaaaa......Fffffffuuuuuuuuuuuccckkkkkk.......

Aaaaaaarrrrggghhh...

*cough*

Ragggggh...

*cough*

Hrmm

Cheers op, I feel a lot better now. :thumbsup:

 

[Pr0d1gy]

All is lost! All is lost!!!

 

[bfdd]

Yes I am, because only idiots panic.