[Akalabeth Angel]

Congressman Brad Sherman of California's 27th congressional district has now said some Congressional representatives were threatened with 'Martial Law' if they vote against the $700 billion bailout and the measure failed.

Congressman Sherman said "Many of us were told in private conversations, that if we didn't pass this bill on Monday, the sky would fall, the market would drop two or three thousand points, another couple thousand the second day, and a few members were even told that there would be Martial Law in America if we voted no."


http://ca.youtube.com/watch?v=gnbNm6hoBXc

[captain-custard]

ahhhhh american democracy and politics at its best

if ppl dont agree with you ,scare the **** out of them with "facts"


"weapons of mass desruction"

"market crash"

"marshal law"


 

[Mars]

I'm so pissed about this bill, it never should have been passes, and the Dow Jones fell 800 points the day after it passed.

[Scuddie]

All according to plan, I'm sure of it.

[Akalabeth Angel]

All according to plan, I'm sure of it.

         If the stock market crashes, and all the companies are worth nothing. What's to stop people who still have money from buying all those now-worthless (in theory) companies? Friend of mine claims that's what someone did in England after the battle of waterloo, but don't know too much about that.

[Mars]

Well at that point a dollar won't be worth all that much, will it? Maybe a gallon of oil?

Or actually, does the value of a currency go up or down in a depression?

[Mr. Vega]

Can go either way. Went up at the beginning of the great depression in America, went down like a freight train in Germany (course germany already had billions of debt forced upon it already when the depression hit).

[Akalabeth Angel]

Some videos worth watching (the first in particular)

http://ca.youtube.com/watch?v=8m79f-9xyFc

http://ca.youtube.com/watch?v=Y2liMPsrNlU&NR=1
(this second guy's a little partisan)

[Scuddie]

Everything you want to know about it can be summed up in 45 minutes.

Part 1 - http://www.youtube.com/watch?v=vVkFb26u9g8
Part 2 - http://www.youtube.com/watch?v=sanOXoWl0kc
Part 3 - http://www.youtube.com/watch?v=kTv1fo6sKmo
Part 4 - http://www.youtube.com/watch?v=3qicabStQkc
Part 5 - http://www.youtube.com/watch?v=7kpSbkaD4tM

[Hazaanko]

The Fed has grown so ridiculously powerful.

[Admiral_Stones]

It's funny watching and ha-ha-ing at all these funny things that happen in the USA. I already hear a characteristic death spiral howl.

[BloodEagle]

Everything you want to know about it can be summed up in 45 minutes.

Part 1 - http://www.youtube.com/watch?v=vVkFb26u9g8
Part 2 - http://www.youtube.com/watch?v=sanOXoWl0kc
Part 3 - http://www.youtube.com/watch?v=kTv1fo6sKmo
Part 4 - http://www.youtube.com/watch?v=3qicabStQkc
Part 5 - http://www.youtube.com/watch?v=7kpSbkaD4tM

.... .... .... .... Wow.

[achtung]

This thread feels like a conspiracy-nut circle jerk.

[Nuclear1]

Most Ron Paul supporters seem to be like that...

[CP5670]

If you actually want to learn something about these issues, get a basic economics textbook instead of watching stuff on Youtube.

Can go either way. Went up at the beginning of the great depression in America, went down like a freight train in Germany (course germany already had billions of debt forced upon it already when the depression hit).

On its own, inflation typically decreases during a recession. As you said though, it can increase in practice, as a result of government or central bank actions in response to the situation.

[KewlToyZ]

It's sickening in many ways because the market volatility is doing as much damage as possible now.
The bill passed and the same thing happens anyway so all I can say to those that voted for it is "Suckers!"
The problem is I'm sharing the ride on the Titanic Panic with them.

[Mars]

I'm not a conspiracy theorist, but I still think that the bill was horribly enacted and will only benefit the people who have all the money

[KewlToyZ]

Which is likely the ones that created the problem....

[Akalabeth Angel]

This thread feels like a conspiracy-nut circle jerk.

        Conspiracy? What's the conspiracy? Congress is pressured and rushed to pass a bill they don't understand, the markets are dropping like a stone as a result. That's not conspiracy it's cause and effect. Though of course the bill wasn't the sole problem in the first place.

[Mongoose]

I don't see how that bill can be qualified as a "problem" in any sense.  If anything, it's a small patch for one aspect of a much larger problem.  Attempting to jump-start the credit system was never meant as a panacea, nor will it solely resolve the mounting number of other issues that are sending the market into a tailspin.