I told you so. - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #1 of 174 (permalink) Old 01-16-2008, 06:34 PM Thread Starter
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I told you so.

a few months ago i had hard time with a few forum members because i believed we would go into recession after reading this..

http://www.cnbc.com/id/17343797

and im pretty sure by now everyone knows we are currently already IN recession.
http://www.reuters.com/article/newsO...74133320071024

http://www.nytimes.com/2007/09/15/bu...nd&emc=rss

http://www.telegraph.co.uk/money/mai...1/cnusa111.xml

http://www.reuters.com/article/blogB...pbz8uOa7TWsLnV


and its only getting worst. GREENSPAN told the U.S to strap up now. because its going to be a hell of a ride and this is just the beginning. Its GOING TO GET MUCH MUCH WORST.

so to those who doubted me and told me that "even though i work at a bank i know nothing about money" HA! i told you so.

and to everyone else.

damn this sucks any one making plans to save already?


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post #2 of 174 (permalink) Old 01-16-2008, 06:50 PM
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Re: I told you so.

Ok, so what is "recession"?

What will happen if we slip into "recession"?

I mean no hard feelings for what I post on this website. Anything I type/write/post/say on this forum is only that of general debate and discussion. I am not biased toward anyone or anything. I am neutral in everything I do on this website. Only those facts that are presented to me sway my thought process and siding of each discussion topic that I post about.
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post #3 of 174 (permalink) Old 01-16-2008, 06:56 PM
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Re: I told you so.

[quote author=KeepJeepin link=topic=100060.msg1999678#msg1999678 date=1200527456]
Ok, so what is "recession"?

What will happen if we slip into "recession"?
[/quote]

nothing will happen as long as you're young and don't panick and sell out of everything when it's down. if you're young, keep your shirt on. if you're old..... call your broker
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post #4 of 174 (permalink) Old 01-16-2008, 07:01 PM Thread Starter
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Re: I told you so.

[quote author=KeepJeepin link=topic=100060.msg1999678#msg1999678 date=1200527456]
Ok, so what is "recession"?

What will happen if we slip into "recession"?
[/quote]


recession is the economic depression.
notice gas prices going up? notice the price of food going up?
notice the price of houses going down?
notice HUGE companies going out of business? modernage furniture, circuit city's closed down in several places, radio shack, ect.

basically...
our country is ONLY powerful because of our abilities to import/export so well. everything we buy comes from china, or some other country. it is the foundation behind our countries economy.

recently the U.S dollar has hit VERY VERY low. "i should know, i work at a international money transfering bank"...
to clarify 2 years ago US$1 = R$3.0 <- brazillian currency.
today US$1 = R$1.70

we used to trade with other countries for cheap. but suddenly the U.S dollar has dropped in value. SO, things exported are going to cost alot more. as a result the price people have to pay to live will go up alot.

companies will start having to make cuts, people will have a hard time finding a job, the cost of living will go up drastically.

basically.... recession comes before depression "depending how bad it is" but they are saying this one will be BAD.

http://en.wikipedia.org/wiki/Recession
http://useconomy.about.com/od/grossd.../Recession.htm


people in these forums tend to be WAAAYYY too patriotic and blind to these kinds of things. instead of listening to warnings from the experts "not me but the articles"..... they say "no it wont happen were the best"


be ready bro. its going to get bad


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post #5 of 174 (permalink) Old 01-16-2008, 07:04 PM
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Re: I told you so.

well that's comforting
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post #6 of 174 (permalink) Old 01-16-2008, 07:06 PM
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Re: I told you so.

Great, good thing I have great job security lol.


I mean no hard feelings for what I post on this website. Anything I type/write/post/say on this forum is only that of general debate and discussion. I am not biased toward anyone or anything. I am neutral in everything I do on this website. Only those facts that are presented to me sway my thought process and siding of each discussion topic that I post about.
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post #7 of 174 (permalink) Old 01-16-2008, 07:13 PM
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Re: I told you so.

well i got some moneys saved so im gonna stockpile weapons and food and stuff. so while everyone else is like starving and shit cause they bought that tv from best buy with there last money. ill be defending my castle against theives n shit. i hate theives
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post #8 of 174 (permalink) Old 01-16-2008, 07:17 PM Thread Starter
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Re: I told you so.

lol call this immature. and being stupid but.


I BLAME BUSH!!!!!!

seriously
among my father owning a bank, he also owns an importing exporting company for more than 13 years..

if you guys UNDERSTOOD the DRASTIC changes that the U.S is making to "fight terrorism" towards importing/exporting... you guys would die..


i seriously dont understand how my dad continues with this company.. if it were me..

i would cry in a corner...
a few of these changes included...

no illegal workers,
no one other than the owner of the company and a few registered workers can touch any cargo,
you cannot SPEAK of the government funded organization "TSA" that is controlling these new regulations.
any miscalculation in cargo weight, size, can result in a $25,000 fine.
random mandatory inspections of your warehouse and all cargo,

they took every honest hard working import/exporting company. and turned it into a colombian crackhouse....
"FUCK THE TSA'S OUTSIDE EVERYONE HIDE!!"'


these are just a few....
how can our government harass our countries economies backbone in such a manner that most are starting to close down.

time for change. take out the TSA, take out the patriot act, we need a better president who can better our economy, and give us back our rights.

take some time to study candidates guys. this is important. if you dont vote properly in a few years we could be in another great depression....


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post #9 of 174 (permalink) Old 01-16-2008, 07:18 PM Thread Starter
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Re: I told you so.

[quote author=j-easy link=topic=100060.msg1999732#msg1999732 date=1200528787]
well i got some moneys saved so im gonna stockpile weapons and food and stuff. so while everyone else is like starving and shit cause they bought that tv from best buy with there last money. ill be defending my castle against theives n shit. i hate theives
[/quote]


tell me about it. someone broke my dads touareq's window and stole his GPS liek 2 days ago....


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post #10 of 174 (permalink) Old 01-16-2008, 07:24 PM
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Re: I told you so.

I said it was going to happen a while ago. scary

Dead Thread Revive Cr3w

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fucking pringle bastards.
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