S&P Warns of Potential Financial Meltdown

This video is scary as fuck.


I don't believe it will actually happen, though. We may have a decade-long recession (this is quite possible), but a total meltdown is unlikely. Japan's debt is around 200% of their GDP and while their economy sucks, it's not as though they've returned to the stone age.
 
I don't think it will take a decade for the next meltdown. We are letting Wallstreet gamble with the houses money, when the losses get to big they get to say "can't cover it, to big to fail".
 
St. Augustine said:
This video is scary as fuck.


I don't believe it will actually happen, though. We may have a decade-long recession (this is quite possible), but a total meltdown is unlikely. Japan's debt is around 200% of their GDP and while their economy sucks, it's not as though they've returned to the stone age.
Click to expand...

More depressing videos. :(

For something on the lighter side check out http://inflation.us/videos.html and "The End Of Liberty" video from 34:25 to 35:00. It deals with a frustrated motorist. :)
 
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