Quote:
Originally Posted by roachboy
what do you think is going on?
where do you see this heading?
how are you holding up through it?
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Like Greenspan I have a hard time believing that banks would sacrifice their existence for some short term profits. I also cannot understand why smart people like Greenspan couldn't see this coming. Myself and many others could see that real estate prices were way out of line and due for a major correction but what I didn't know was that they would take down the banking system and the rest of the economy with them. He should have known better.
I see this resulting in far more government control of the economies around the world. I hope they do not print so much new money that they cause hyper-inflation. If the economy really tanks and we see depression era unemployment then unrest in the population will bring about major changes and an end to anything resembling today's form of capitalism. It seems to have already started.