So awesome.

EAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHH

cheers son! i feel powerful!

Thought i'd picked up the banstick. Better find some videos to post up in this siftbitch so I can vote ya'll off the island

like, well, like.. like, like um.. like, nobel prize winner in the making!

SIFTDRAMAS

Until Americans are lining up for food none of this is even going to sink in.

Bush and the banks took your country to the cleaner, and now, by nationalizing everything (which they have basically already done anyway without much hassle) you all have to pay the bill. If you didn't do this, all the criminals would be BROKE.

Instead, after they finished fucking you up the ass, you sucked their dick and paid them a trillion dollars.

The utter ignorance and stupidity of the American public never ceases to amaze me.

>> ^volumptuous:
>> ^jake:
What a big fat sack of shit.

Oh, so you're OK with the banks who are taking our money, are having $5million dollar parties with it?


Yeah, that's exactly what I said.

This song sums up my first love quite well. Great sift!

if you havin girl problems i feel bad for you son, i got 99 problems but a bitch aint one

Cenks such a fuckin fat loser.

Isn't this the girl from the Dresden Dolls?

What a big fat sack of shit.

I don't really like giving my views on these topics -- everyone is so biased by ideologies that it's almost impossible to sift through attacks and just bullshit.

Over the past six months I've spent many late nights trying to figure out what is happening to the US, and how it's going to affect my life in Australia. Our government seems to be following suit (create money, bail out failing industries, announce huge budget deficits).

Isn't it time to ask the question - is it worth 'stimulating' an economy that seems to be fundamentally flawed?

We, in western countries, have lived in probably the most leveraged state in history. Not just banks, the entire society. We used this leverage to purchase and consume goods made abroad, and to fund a service sector economy that is crashing now.

Now all this money that can't be paid back has to be written off. It can't be paid back. The leverage that existed because of this capital is gone.

Paulson and Bernanke pulled off a deft maneuver with the original TARP package.

There would have been a complete collapse of the American economy if they didn't act. The elephant in the room is simple though - what actually is the American economy?

It's a consumer and service sector based economy. Very little real goods are actually produced. The US has run a trade deficit since 1975.

There isn't a viable economy to stimulate. Even the automotive industry, considered the pinnacle of American manufacturing, burns cash at rates that render it unable to compete in a global market.

I've only read 200 pages of the act so far, and it seems like (excluding the TARP packages) it is the biggest transference of wealth from taxpayers to whomever the government decides in all time. It's a quick fix that will keep the government in power thanks in part to keeping a lot of people employed... by the government. A new social contract will emerge as written by Rahm Emanuel in his book "The Plan".

The whole saga has shown the world -- or at least myself, just what I suspected about America all along. The 'values' that they proudly proselytize to the world don't mean a god damn thing when a real test shows up.

Sadly, the next two years will probably sound the death knell for capitalism in my life time.

Cliffs:

a) America's economy is fake and nothing can 'save' it, it needs to be reinvented
b) America is bankrupt and will eventually default on it's debt to the rest of the world
c) Primarily, the manipulation of the Fractional Reserve Banking system caused the problem

Thoughts?

PS. I apologize if this is a little all over the place, I'm writing it between meetings at work.

enjoyed it

the kid starts with orrite, orrite, orrite, orrite every time hahahahahaha

I love this guy. FKN Newz is awesome too. A little bit sarcastic at times