frambosenshmak
New Member
just a thought.
in 1929 when wall street crashed traders leapt from the windows having lost it all and great depression set in a year later and wreaked havok across the states for years. But people weathered it, there were victims and there were some great songs and stories that came from it.
in 2008 as countries are all so in each others pockets a collapse in americas economy means a snowball effect for all other economies. As soon as the US stockmarket opened today all hell broke loose and billions are still being wiped off markets, banks are like dams being held together with sticks and the markets are now going after other vunerable sources like airlines, oil, etc. basically anything that isnt nailed down with a 100% financial liquidity state guarantee is going to get wiped out.
And here we are a mix of musicians, moaners, miscreants, men (and women) of leisure sitting idly by as a wave of hysteria and panic grips the financial structure. We're oblivious to it to a degree, unaffected directly (for the moment). Is this the calm before the storm or are most people on the low end of the scale that not owning stocks/shares/houses/pensions and the like means this will not put a dent in our already breadline situation?
I for one have been floating along on just getting by. I dont have a pension, i cant afford a house and nobody would touch me with a mortgage, i've no investments bar a small sum of money in the bank that gets raided every month to cover booze, rent, food and the day to day essentials. As people got stinking rich in celtic tiger days i had a tiny bit more money in my pocket but that was wiped out by higher cost of living. As we hit recession, and possibly a depression, i will hopefully still have enough to get by but i may find myself shopping alongside former CEOs, Stockbrokers, Lawyers, and high profile businessmen and i'll turn to them and say....
HAHA LOO AT YE, YA SHOWER OF FECKIN EEEJITS! I bet you dont even know the price of a tin of tomatoes let alone how to open one. YOU'RE FIRED! .|..|
anyone else still sleeping easy at night or starting to worry about all the screams coming from the IFSC?
in 1929 when wall street crashed traders leapt from the windows having lost it all and great depression set in a year later and wreaked havok across the states for years. But people weathered it, there were victims and there were some great songs and stories that came from it.
in 2008 as countries are all so in each others pockets a collapse in americas economy means a snowball effect for all other economies. As soon as the US stockmarket opened today all hell broke loose and billions are still being wiped off markets, banks are like dams being held together with sticks and the markets are now going after other vunerable sources like airlines, oil, etc. basically anything that isnt nailed down with a 100% financial liquidity state guarantee is going to get wiped out.
And here we are a mix of musicians, moaners, miscreants, men (and women) of leisure sitting idly by as a wave of hysteria and panic grips the financial structure. We're oblivious to it to a degree, unaffected directly (for the moment). Is this the calm before the storm or are most people on the low end of the scale that not owning stocks/shares/houses/pensions and the like means this will not put a dent in our already breadline situation?
I for one have been floating along on just getting by. I dont have a pension, i cant afford a house and nobody would touch me with a mortgage, i've no investments bar a small sum of money in the bank that gets raided every month to cover booze, rent, food and the day to day essentials. As people got stinking rich in celtic tiger days i had a tiny bit more money in my pocket but that was wiped out by higher cost of living. As we hit recession, and possibly a depression, i will hopefully still have enough to get by but i may find myself shopping alongside former CEOs, Stockbrokers, Lawyers, and high profile businessmen and i'll turn to them and say....
HAHA LOO AT YE, YA SHOWER OF FECKIN EEEJITS! I bet you dont even know the price of a tin of tomatoes let alone how to open one. YOU'RE FIRED! .|..|
anyone else still sleeping easy at night or starting to worry about all the screams coming from the IFSC?
