(no subject)
Freaky scary.
http://news.bbc.co.uk/2/hi/business/7625727.stm
The rundown :
Stock markets are going through ups and downs like no business
MASSIVE banking corps are in economic crisis
Solution? American government /BUYS/ the corps, controls the assets, saves it using taxpayer dollars.
Alyx's POV -
Capitalism doesn't work in a global economy. Weird. Its almost like America's taking initial steps to become a communist nation, unbeknowest to the lot.
But seriously. If the government didn't step in to save these massive goliaths, China would pull out, people would pull out their stocks, and we would be fucking worse off than the depression of 1920. Hell. We'd be in total anarchy. No money = Unhappy people. No money = No power for the US government. No power for US government = Unhappy citizens storming the bridges.
Ludicrous. Fucking ludicrous.
http://news.bbc.co.uk/2/hi/business/7625727.stm
The rundown :
Stock markets are going through ups and downs like no business
MASSIVE banking corps are in economic crisis
Solution? American government /BUYS/ the corps, controls the assets, saves it using taxpayer dollars.
Alyx's POV -
Capitalism doesn't work in a global economy. Weird. Its almost like America's taking initial steps to become a communist nation, unbeknowest to the lot.
But seriously. If the government didn't step in to save these massive goliaths, China would pull out, people would pull out their stocks, and we would be fucking worse off than the depression of 1920. Hell. We'd be in total anarchy. No money = Unhappy people. No money = No power for the US government. No power for US government = Unhappy citizens storming the bridges.
Ludicrous. Fucking ludicrous.