I see an economic diasater coming...

[triffid]

A link to free services and goods.  http://finance.yahoo.com/family-home/article/111305/cool-products-and-services-you-can-get-for-free    triffid

[the_big_m_in_ok]

More than half of all members of congress are millionaires.One was worth over 300 million.

That may be so, but look at this:

http://news.yahoo.com/s/ap/20101124/ap_on_bi_ge/eu_europe_financial_crisis

This is getting worse and worse.  Millionaires may be a thing of the past, as it were.  As I said in another post on this thread, the 'peripherals'---EU countries like Ireland and especially Spain---should be watched carefully.  If they default, it's going to get more than just *serious* economically.

Then there's the obvious maniac in North Korea who may not care if he gets East Asia into a gravely dire shooting war with the U.S.A.

"Things" are going downhill.

--Lee

[X00013]

http://www.youtube.com/watch?v=jvZZg5uia-Y

[triffid]

    There is nothing that can reassure markets when three Irish banks are sitting on over 1.5 trillion euros in bad debt. (Spanish banks are sitting on over three times that). There is nothing reassuring when, just after receiving a massive bailout, the Greek government revised their growth figures downwards and their debt figures upwards again. There is nothing reassuring when ask the average man or woman on the street in Dublin, "What do you think will happen?" and they say, "We'll take the money then we'll default. What's the worst that could happen? They'd drain the German and French treasuries to protect the euro". Institutional investors will do what they always do - take the money and run to a safe haven.
    It's fine in hindsight to say "We never should have let countries like Greece and Ireland join the euro - should have known they would abuse their privileges" but the boat has already left the dock.
    The best thing anybody can do is let those banks fail, and let those other banks with so much money invested in the (always risky) Irish banks fail, too. Write off what you can, let the chips fall where they may. What you'll end up with are solvent, reliable banking institutions like the Cooperative Bank, instead of the unreliable and totally irresponsible Anglo Irish, Allied Irish, Northern Rock and RBS, and a return to a banking system which existed for hundreds of years which didn't need government regulation because they didn't make loans to people or other institutions who could not possibly repay them. Banks which existed to hold and protect their investors' money, not gamble it on subprime mortgages in Ireland, Spain and (mainly) the U.S.

[triffid]

Other things to consider many governments are in denial about their debt
and the crisis is far from over,it is getting worse.triffid