I guess that's one of the rare privilegies of living in ex-Yu. It can't get worse than it is (was) for us so now we can enjoy watching the rest of the world suffering.
Buahahahaha
Buahahahaha
Buy on AliExpress.com
Global Financial Crisis (12 Viewers)
- Thread starter Dostoevsky
- Start date
What was the situation like when you had hyperinflation? Widespread power outages a norm?
Buy on AliExpress.com
One good thing to come out of this financial crisis is big corporate companies being exposed for their huge profits on ordinary citizens.Particularly the motor industry being hard hit.
In South Africa for example the purchase price for a brand new 3 series bmw would set you back about $25k+/-.Funny thing about it is my mate lost his job at the bmw plant factory & told me that the basic cost of manufacturing a 3 series in RSA costs about $8k & these models are exported to mainly Australia & the US.Jobs are being cut & yet the sell thousands of cars at a minimum profit of $10k!I have no sympathy at all for these corporate thugs in all honesty & its about time they take a knock.
The banks are the biggest culprits of all giving people a false sense of security offering credit for things they know people will not be able to pay off long term.Why do they allow it?They make a killing off interest & repossesing assets only brings in further profits.
There are scores of people that are being laid off, suicide & divorce statistics are off the charts.Unfortunately the financial situation is a neccessary evil as we need to learn to about the differences between our needs & wants.
In South Africa for example the purchase price for a brand new 3 series bmw would set you back about $25k+/-.Funny thing about it is my mate lost his job at the bmw plant factory & told me that the basic cost of manufacturing a 3 series in RSA costs about $8k & these models are exported to mainly Australia & the US.Jobs are being cut & yet the sell thousands of cars at a minimum profit of $10k!I have no sympathy at all for these corporate thugs in all honesty & its about time they take a knock.
The banks are the biggest culprits of all giving people a false sense of security offering credit for things they know people will not be able to pay off long term.Why do they allow it?They make a killing off interest & repossesing assets only brings in further profits.
There are scores of people that are being laid off, suicide & divorce statistics are off the charts.Unfortunately the financial situation is a neccessary evil as we need to learn to about the differences between our needs & wants.
Don't get blinded by the fool's take on the issue. Of course it isn't Obama's fault entirely but he isn't taking the best steps either.
Of course, but seriously, you can't have a global meltdown without a little pain.
I'm getting sick of these friggin' bottom callers on CNBC lying to the American public about this stuff.
Nice comparison. But past performance does not guarantee future results. 
For better or worse...
For better or worse...
I'm getting sick of these friggin' bottom callers on CNBC lying to the American public about this stuff.
this goes way beyond Iraq, and I dont see Mc Cain (if he became prez) blowing over a trillion dollars to come up with ways to somehow fix the problem. he would have lowered taxes for a start to boost the economy
also, how much more money are we going to give to the faltering banks and automotive companies ?? they are going to go belly-up, no matter how much they are given
also, how much more money are we going to give to the faltering banks and automotive companies ?? they are going to go belly-up, no matter how much they are given