Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

SELL That rental Car !! SELL that rented house !!

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 11:34 AM
Original message
SELL That rental Car !! SELL that rented house !!
Edited on Fri Sep-19-08 11:46 AM by SoCalDem
Borrow your cousin's diamond earrings, and SELL them..

Think that would go over well?

That's short-selling..aka oil speculative trading...corn commodities futures trading..etc

and that, children, is why we are paying $5 a gallon for milk..$4 a gallon for gasoline, $6 a box for cereal, and $5 a lb for most decent cuts of meat..

selling stocks on the "margin" (borrowed) created the Great Depression, and it's what's driving our current "difficulties"..

WWII got us out of the Depression..and our one-of-a-kind industrial base..

What will get us out of THIS one??

We no longer are the industrial Giant of the world...Europe & Asia are not rubble from a long war, and our economy now is 70% comprised of us "servicing each other".. Buying cheap foreign shit, trucking it all over the place, stacking it in place and selling it to each other..or doing each other's hair & nails...or serving meals to each other, or cleaning up after each other.....nothing at all like the strong industrial base that built our way back from depression...

And a lot of the people who are "buying" those services are doing it with borrowed "plastic money"...and many are barely keeping up with the minimum payments on that debt..
Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC