/jp/ - Otaku Culture

[Anonymous No.]

U.S. economy plummeting at the speed of light. Will be eating our boots by the end of the year. Since I'm a massive weeaboo, yet not loud and annoying about it, and mildly fluent, Japan is an option, as well as Europe, maybe even Canada.

So worst comes to worst, where do the rest of you Amerifags plan to go?

[Bored_Rice !3GqYIJ3Obs No.]

wow you guys fail the economy.

Also Iceland went bankrupt, yes the fucking country.

[Anonymous No.]

>Bored_Rice !3GqYIJ3Obs
>!3GqYIJ3Obs
What does that trip reminds me of...

[Bored_Rice !3GqYIJ3Obs No.]

>>1438083
lol

[Sigmund Freud !NeXnvOGCIQ No.]

>>1438099
That's what I said!

[Anonymous No.]

Hey Faggots,

My name is Bernanke, and I hate every single one of you. All of you are poor, homeless, no-lifes who spend every second of their day looking buying useless shit with cheap money. You are everything bad in the world. Honestly, have any of you ever gotten any lines of credit? I mean, I guess it's fun making fun of people because of your divested securities, but you all take to a whole new level. This is even worse than jerking off to stock tips on facebook.

Don't be a stranger. Just sell me your best short. I'm pretty much perfect. I was captain of the cricket team, and starter on my chess team. What sports do you play, other than "jack off to naked short selling on the NYSE"? I also dropped rates 100 basis points, and have a banging hot economy (She just blew up; Shit was SO crash). You are all faggots who should just lose your retirement savings. Thanks for listening.

Pic Related: It's me and my legacy

[Anonymous No.]

You guys should describe it... in apples, like yesterday on /a/

WARNING: LONG THREAD WAS LOOOOOOOOONG (so short version will have to do)

[Bored_Rice !3GqYIJ3Obs No.]

>>1438122
http://www.bloomberg.com/apps/news?pid=20601087&sid=az0W_HwSNo9g&refer=home

[Anonymous No.]

Continue living off my trust fund in beautiful Madison, Connecticut.

[Anonymous No.]

Probably the U.K. I'm not confident in my Japanese at all, and my Spanish is laughable. But it's not that bad yet, I'm not going anywhere until I actually feel this hit.

[eirei emiya !NERO.ByayA No.]

I'm not an Amerifag, and I'll watch the crumbling of your economy with interest.

[Anonymous No.]

If the panic that has choked the arteries of credit across the globe is not calmed soon, the danger will increase that output in rich economies will not simply shrink, but collapse. The same could happen in many emerging markets, especially those that rely on foreign capital. No country or industry would be spared from the equivalent of a global financial heart attack.

Stockmarkets are in a funk. But the main problem remains the credit markets. In the interbank market the prices banks pay to borrow money from each other are still near record highs. Meanwhile corporate borrowers have found it hard to issue commercial paper, as money-market funds have fled from all but the safest assets. In emerging markets bond spreads have soared and local currencies plunged. And whole countries have begun to get into trouble. The government of Iceland has had to nationalise two of its biggest banks and is frantically seeking a lifeline loan from Russia. Robert Zoellick, president of the World Bank, says there could be balance-of-payments problems in up to 30 developing countries.

If the odds of a rich-world recession have risen towards a near certainty, the emerging world as a whole is slowing rather than slumping. China still seems fairly resilient. Taken as a whole, though, growth in the world economy seems likely to slow below 3% next year—a pace that many count as recessionary. So the prospects are grim enough, but a continuing credit drought would make this much worse.

[Anonymous No.]

>>1437944
I love fiction, don't you?

[Anonymous No.]

For now, everyone's going down.
Except the UK, 'cause they got their ex-boe guy as a PM.
But they've got a shit country, too.

[Anonymous No.]

Eurofag here. I was thinking about moving to the US soon. I have all documents ready and everything. Is this a bad idea?

[Anonymous No.]

>>1437964

It's as if it's only happening in America.

[Anonymous No.]

>>1437966

>fiction

...

The DOW is at 8000 right now. It's not stopping any time soon. Banks are continuing to fuck up, and we can't fix it. Government won't do shit to fix it. Yeah, real fictional, right?

[Anonymous No.]

lolol Nikkei 225 down almost 900 points today

[Bored_Rice !3GqYIJ3Obs No.]

>>1437968
link to article about Iceland going bankrupt.

[Anonymous No.]

>BECAUSE AMERICA IS GOD OF THE WORLD

[Bored_Rice !3GqYIJ3Obs No.]

>>1437977
http://www.iht.com/articles/2008/10/09/business/icebank.php?page=1

[Anonymous No.]

>>1437971
>>1437974

The rest of the world took some hits, but they're in no danger of going under or anything. We're a few bad weeks away from ruin here.

[Anonymous No.]

>>1437972
Move to Canada instead.

Why would you like to live in united states, anyhow? It's an awful nation in every way.

[Anonymous No.]

America

Seriously, if you believe what you just said you're crazy. Economies have always had their cycles, this is as normal as they come it's just the current congress and administration seem to think they need to get back on track by bludgeoning our economy with a sledgehammer.

Probably because elections are in a month.

[Anonymous No.]

>>1437975
You act like it going down is a bad thing.

The more it goes down the more stock people with money can buy. You didn't think EVERYONE was going poor from this, did you? The few rich people that didn't get caught up in this are just gona get richer.

[Anonymous No.]

>>1437980
lolol cuz the dow will keep dropping amirite?

[Anonymous No.]

>>1437975
The Dow only measures 30 stocks. But keep acting like you know what you're talking about, it's mildly entertaining.

[Anonymous No.]

>>1437987

The economy is supposed to thrive right before an election. Look it up. And this isn't a bad cycle, this is the most it's fell percentage wise in the history of the market, including the Great Depression.

[Anonymous No.]

>>1437979
lol holy shit a whole country went down....

[Anonymous No.]

>>1437996
Thanks to usa.

[Anonymous No.]

>>1437994

Do you really think we'll be fine without a big chunk of our 30 top industries?

[Anonymous No.]

>>1437995

Percentage wise? You must be on crack, son.

[Anonymous No.]

>>1437999
AMERICA FUCK YEAH!!!! COMING IN TO RUIN TO MOTHERFUCKING WORLD NOW!

[Anonymous No.]

THIS IS THE BEST TIME TO BUY STOCKS
I SUGGEST EVERYONE TO SPEND ABOUT 5k$/€ ON THEM AND SELL THEM FOR FIVE TIMES THE AMOUNT NEXT YEAR

[Anonymous No.]

O YAH!!!

http://www.ihatemisty.com?id=acthv8izb8m1m1bqfodj3yfcmse9qz

[Anonymous No.]

>>1438001
lol
Oh boy

[Bored_Rice !3GqYIJ3Obs No.]

US economic failure - it's like watching the fat guy that's running in front of you fall down and taking everyone behind him with it.

[Bored_Rice !3GqYIJ3Obs No.]

>>1438261

[Anonymous No.]

It's hilarious how even market fundamentalists like the Bush Administration are running towards government intervention in the economy and already considering partial nationalization of banks.

Let's help those people who are getting kicked out of their homes so we can enjoy the death of American Capitalism guilt-free.

[Anonymous No.]

With a flawed diagnosis of the causes of the crisis, it is hardly surprising that many policymakers have failed to understand its progression. Today’s failure of confidence is based on three related issues: the solvency of banks, their ability to fund themselves in illiquid markets and the health of the real economy. The bursting of the housing bubble has led to hefty credit losses: most Western financial institutions are short of capital and some are insolvent. But liquidity is a more urgent problem. America’s decision last month to let Lehman Brothers fail—and the losses that implied to money-market funds that held its debt—prompted a global run on wholesale credit markets. It has become hard for banks, even healthy ones, to find finance; large companies with healthy cash flows have also been cut off from all but the shortest-term financing. That has increased worries about the real economy, which itself adds to the worries about banks’ solvency.

[Anonymous No.]

holy shit hang seng is down 1146 points today

[Bored_Rice !3GqYIJ3Obs No.]

I'm usually that fat guy.

[Anonymous No.]

>>Japan is an option

http://www.financialpost.com/news/story.html?id=871181

[Bored_Rice !3GqYIJ3Obs No.]

>>1438026
yay we can be trip brothers.

[Anonymous No.]

>>1438284
At the start of this latest phase of the credit crisis, Japan's financial markets had seemed to float over the top of the global turmoil. Lehman Brothers' collapse, admittedly, had shut off the samurai market used by overseas companies to issue yen-dominated bonds, while overseas banks had trouble getting overnight funds until the Bank of Japan stepped in with assurances. Otherwise Japan's financial markets had functioned pretty smoothly, with well-capitalised banks lending freely to each other and, in the case of Mitsubishi UFJ, one of the big three, snapping up the apparent bargain of a 21% stake in Morgan Stanley for $9 billion. (Morgan Stanley's shares tumbled by 25% on Thursday as investors once again bet that its days as an independent firm are numbered.)

Now all hope that Japan might remain aloof is gone. Overseas hedge funds have been panic sellers of shares. Even cast-iron Japanese government bonds are being shunned in favour of cash—leaving questions about how the government is to refinance a lot of debt coming due over the next month or more. On Friday Yamato Life, a medium-sized insurer, filed for bankruptcy, the first Japanese life insurer to go under in seven years.

[Anonymous No.]

go to fucking europe, there are enough foreigners in japan as it is..

[Anonymous No.]

>>1438014
The horrible thing about it is that the whole crisis has its roots on politics.
This is literally the left-behind political climate of usa laying the whole world to waste.

I've always thought that the politcal system in the states is the most retarded thing ever, but then again felt relieved that it's on the another side of the globe. Seems like the world should really be afraid of the usanians.

[Anonymous No.]

>>1438014
>Bored_Rice !3GqYIJ3Obs

>>1438026
>Bored_Rice !3GqYIJ3Obs

>>1438032
>Bored_Rice !3GqYIJ3Obs

lolwut

[Anonymous No.]

what makes you think japan wants to have you?

[Anonymous No.]

Fortunately,noone gives a shit about the US' industry. It's not like they produce anything useful over there.
All of the 'useful' countries are in eurasia.

[Bored_Rice !3GqYIJ3Obs No.]

>>1438039
trip jacked.

[Bored_Rice !3GqYIJ3Obs No.]

Ur all fkin stupd. the USa si goin 2 destohy the economies of alot of cuntries bcuz of this

[Anonymous No.]

Reminder economists are still horrible people:

>>Once I was visiting a cousin and he suggested we go for a ride. When we went out of the house, I wasn't sure which vehicle we were taking. "Is this your truck?" I asked. "No, it's not mine," he said as he got in. "It belongs to the bank. They just let me drive it." That's a good thing to remember if you're a homeowner or a renter. Unless you've paid off the mortgage and hold the title free and clear, it's not your house. It's the house of someone else, who is letting you live there. That would also be a good thing for Cook County Sheriff Tom Dart to remember as he refuses to carry out evictions from foreclosed properties.

>>Why should the sheriff be enforcing eviction notices in the first place? Because of a simple but important matter known as property rights. If you found me in your living room without permission, you'd expect the cops to come and take me away, and so would I.

>>A foreclosure is no different in principle. When you take out a mortgage, you agree to make the payments and the lender agrees to let you live in the house. When you abrogate your end of the deal, the other party has the right to do likewise. Someone who fails to pay the mortgage has no more right to stay in the house than I have to take up space on your couch.

>>Dart complains that some lenders don't give rental tenants fair notice that the landlord is delinquent, which means the eviction notices comes as a complete surprise. Is that fair? Maybe not. But it's one of the consequences that go with the convenience of renting. If you want to avoid the perils of irresponsible landlords, you're advised to take out a mortgage yourself. Otherwise, you have to choose your landlord carefully and hope for the best.

>>Enforcing eviction notices is no one's idea of a pleasant task, but if Dart doesn't want it, he should find another job.

[Anonymous No.]

mildly fluent? that does not work, your fluent or your not. so your intermediate or conversational level?
what skills do you have that will allow you to flee a recession in th states and go to another country that has a recession?

[Anonymous No.]

>>1438053
Not to mention, he has no chance of actually living there. Japan's borders are closed for a reason...we get more immigrants in a day than they do in a whole year.

[Anonymous No.]

>>1438318
All you you need to know is "EAT THE RICH"

[Bored_Rice !3GqYIJ3Obs No.]

>>1438055
PROTIP:tripcodes are repeated.

[Bored_Rice !3GqYIJ3Obs No.]

>>1438057
Protip:I'm a faget

[Anonymous No.]

Enjoy having all world banks collapse.

[Anonymous No.]

All I know is that it's a good thing I've been clinging to my guns and religion. Well, mostly just the guns. Now it's my turn to live the good life.

pic related

[Bored_Rice !3GqYIJ3Obs No.]

>>1438064
At least try to spell fagot correctly when your pretending to be me, fagot.

[Anonymous No.]

my stooooocks

nooooooooooooooo

[Anonymous No.]

why is it every time i read some fool wanting to immigrate to X, he has NO skills that are in demand in X, no money saved for the move, and no idea what the job prospects are in X. you have to look at the globalized job hunt like this: what can I do that almost no one else can and i have proof (high level university degree).

[Anonymous No.]

>>1438071
ur a faget guise.

[None !Nipaa0mi0. No.]

>>1437944
The US will take down every other economy with it. If anything other countries are worse off, as they don't have as much money as the US in order to bail out important corporations.

[Anonymous No.]

>>1438074
lolol bcuz teh american economy is crashing we all need to get out lol dow down 55345 points 2day ohnoes

[Anonymous No.]

in b4 formation of Brittania

[Anonymous No.]

lol op owned

[Anonymous No.]

>>1438078
Yeah sure delude yourself more.

[Anonymous No.]

>>1438086
I believe the same can be said to you.

[Anonymous No.]

>>1438074

fuck you're mother

[Anonymous No.]

Why the fuck would anyone go to msnbc for finance related info, anyway ?

[Anonymous No.]

lol op owned
fuck weeaboos

[Anonymous No.]

>>1438099
I'm not a mother... yet.

[Anonymous No.]

>>1438105
better than "LOL FAWKS".

[message No.]

>>1438407
I THINK I CAN HELP YOU IF IT'S A MATTER OF CRYSIS, PLEASE STAY CALM, I AM PROGRAMMING AN INSTALLER THAT WILL RESTORE THE BANK'S CAPITAL.

[Anonymous No.]

>>1438105
probably because no matter what site you go to whether it's msnbc, abc, nig, reuters, or chinkymcnews, it's the same numbers.

[Anonymous No.]

>>1438078
That's true.

In usa the government pretty much bailed the economy out from the worst case scenario. But look at europe for an example, we have unitified trade zone but there is no state that could buy the collapsing banks like they did in united states. I hope the that the americans are going to bail us out too, now that they wrecked the global economy. I'm sure thay do that. It was their mistake that caused the whole mess, after all.

[Anonymous No.]

>>1438397

I don't give a shit about the article. I only care about your 'economists are horrible because they care about property rights'.

C'mon, it's not like it's rocket science. I quote your post challenging your silly statement. You go on whining about how (I guess) CEOs who fucked up still get huge retirement packages and how when average Joe fucks up he gets poor.

Now you mention the article which I already told you that I don't care about and shit about forests and trees.

Come back once you sort things out.

[Anonymous No.]

>>1438117
They're not PROFESSIONAL ENOUGH.
Go to a real thing, like BLOOMBERG.

[Anonymous No.]

>>1438118
Yes, because we're so rick we have a 14 trillion dollar debt.

[Anonymous No.]

>>1438437

Lighten up, faggot.

[Anonymous No.]

>>1438125
yes, we're more rick than rick astley

[Anonymous No.]

I'm staying here, you jew.

[Anonymous No.]

>>1438135
I fucking love you.
But you should've done it with Greenspan, he's the one to blame for this shit.

[Anonymous No.]

>>1438142

That was a lame thread.

[Anonymous No.]

>>1438135
oh wow

[Anonymous No.]

>>1438142
I can't read your 100000dpi font.

[Anonymous No.]

>>1438430

It should be pretty obvious why they're horrible people when they don't care about how their ideology fucks people over and ruins their lives.

What is so confusing about this?

[Anonymous No.]

I'm in college right now and after all of the stock I'm going to buy I'll have doubled my money by the time I'm done with my masters. Short periods of crisis are the times where you have to have balls and go for it.

[Anonymous No.]

I don't need an economy.

[Anonymous No.]

>>1438125
Well, it's obvious that your pitiful trash country and it's genetic waste is not going to take any responsibility of their actions other than bailing its own ass out and letting the rest of the world fester in the feces it happily excreted. That's the american way.

[Anonymous No.]

>>1438157
Economic Tuff guy

[Anonymous No.]

>>1438160
FUCK YEAH!!!!!!!!

[Anonymous No.]

>>1438135
Dow is below 5000? What?

[Anonymous No.]

Hey guise, guess who dropped more than 38.5 % below it's maximum yesterday ?

[Anonymous of Alabama !.p44NyTsCo No.]

>>1438160
BECAUSE AMERICA IS GOD OF THE WORLD AND EVERYTHING THAT HAPPENS IS THE RESPONSIBILITY OF IT, INCLUDING THAT ONE TIME SOME RANDOM BLACK GUY IN NIGERIA STEPPED ON A TACK AND HIS FOOT GOT INFECTED.

[Anonymous No.]

>>1438160
Well, we were, but now that you said that, your faggots can go fuck yourselves.

[Anonymous No.]

>>1438160
Well, we were, but now that you said that, you faggots can go fuck yourselves.

[Anonymous No.]

We threw our own fucking economy in the trash. We're that GAR.

[Anonymous No.]

>>1438178
IT'S A TACK MADE BY A COMPANY OWNED BY AN AMERICAN HOLDING YOU KNOW.

[Anonymous No.]

Not even Chuck Norris can fix this =(.

[Anonymous No.]

>>1438160
Why don't you use that superior intellect you Europeans brag so much about to fix the problem yourselves. After all, we're sub-humans and can't be relied on, correct?

[Anonymous No.]

What happens when you import massive amounts of unskilled immigrants, and then promptly ship all the unskilled jobs they could actually be doing overseas?

This country is finished.

[Anonymous No.]

>>1438178
So butthurt. There is no way around that the crisis was caused by united states.

[None !Nipaa0mi0. No.]

>>1438155
What makes you think that this crisis will be short? Most economists refuse to make any predictions about when it will end.

[Anonymous No.]

>>1438194
YES HE CAN. He can teach us all to hunt for our meals with our bare hands.

[Anonymous No.]

>>1438462

Now we're talking turkey. Yes.

Do you think people are responsible for their own actions? Especially if said actions were made voluntarily (free of coercion)?

They made the decision to mortgage their homes. You know what a mortgage is. I know you do. All the people involved do. The bank gives you money on the condition that you'll pay them back on agreed terms. These terms include placing your house as collateral. You default on the mortgage, you lose your house.

Pretty simple.

Now don't get me wrong, it isn't nice when someone loses their home. It's, quite frankly, horrible. However, it is idiotic to think that banks would just let people keep their homes just because of that. If they did, no one would bother ever paying back any loans.

And who would be affected by that? The bankers. They'd lose all their money and be poor.

And that's terrible.

[Bored_Rice !3GqYIJ3Obs No.]

The Great depression Expansion Pack - The Whole World Plays!

[Anonymous No.]

>>1438193

Nice copypasta.

[Anonymous No.]

>>1438203
Because if they're wrong, they lose their jobs and it becomes a depression.

[Anonymous No.]

>>1438160
LOL how is this not surprising?
Typical eurotrash wants Daddy to fix everything wrong.

[Anonymous No.]

>>1438206

The whole world played last time, too.

[Anonymous No.]

I am the bone of my economy
Liquidity is my body and credit is my blood
I have bankrupt over a thousand banks
Unknown to crashes
Nor known to bailouts
Have withstood SEC to short many stocks
Yet, those portfolios will never yield anything
So as I pray, “Unlimited Finance Works”

[Bored_Rice !3GqYIJ3Obs No.]

>>1438212
Now the stakes are higher!

[Bored_Rice !3GqYIJ3Obs No.]

>>1438221
Hell no! This is America we always make the sequel BIGGER!

[Anonymous No.]

>>1438219
Hitler wasn't high enough?

[Anonymous No.]

god damn this thread makes economic failure fun and easily understandable.

[Anonymous No.]

>>1438203
I have my doubts it'll last more than 6 or 7 years so.

[Anonymous No.]

/jp/, if the banks where my savings are fall, I'm gonna fund al qaeda with what's left my money.

[Anonymous No.]

>>1438226

Al Qaeda doesn't exist.

Seriously.

[Anonymous No.]

>>1438230
It exists but it's small and responsible for about 1% of the things people blame on them.

[Anonymous No.]

>>1438196
You most definitely can't be relied on.

I mean, you got these decition makers with the most liberal free-market economical policies.You know, those people who think that less control from the state will magically fix every problem and the free trade naturally adjusts everything for the better. and they encorage the market to take more risks via looser legistlation. Well, it turns out it does not work out like that and we have a full-blown crisis due the beliefs of some inbred rednecks. And now the rednecks go to government and suddenly it's okay to that it bails everyone out just like no free market ideology ever existed. Stupid fucking hicks. It's not rocket science, you know. How about actually managing the economy actively? The current situation is caused by the lack of management.

[Anonymous No.]

>>1438230
Then I'll create my own terrorist movement that'll target the fed for a hundred years.

[Anonymous No.]

>>1438239
The current situation is caused by STUPID FED POLICY, more or less government stupidity is inconsequential.

[Anonymous No.]

>>1438239

It's as if you don't know what caused this in the first place.

[Anonymous No.]

Be of good cheer Americans, once the United States descends into a sufficient amount of poverty and China grows sufficiently wealthy, they'll be shipping all the cheap labour jobs back to you.

[Anonymous No.]

>>1438239
Lol, someone doesn't quite understand what's going on.

[Anonymous No.]

If Osama didn't do 911 America would have never been to war, thus no debt!

[Anonymous No.]

>>1438258
OKAY, IT'S TIME TO BECOME RICH
AMERICANS, I'LL PAY YOU TO MAKE MCDONALDS TOYS DAY AND NIGHT AT BREAKNECK CHEAP PRICE, DO YOU ACCEPT ?

[Anonymous No.]

>>1438258

What makes you think that? Silly prejudice?

[Anonymous No.]

>>1438258
Yes, maybe in your dreams.

[Anonymous No.]

>>1438523

Oh ho~

You aren't the brightest one in class. Are you? Get a clue before saying silly things.

[Anonymous No.]

>>1438281

Can you stop it with the horo shit? It's not amusing.

[Anonymous No.]

>>1438259
>>1438251
Banks took too high risks, which was encouraged by the legislation and the politics favouring the market. Then the housing bubble that was a result of this situation burst which led to the current crisis. That's how it is in a nutshell. The point is that the fundamental thing that caused the whole affair was political.

[Anonymous No.]

>>1438276

Aren't we DARK and EDGY?

[Anonymous No.]

>>1438292
No more than MSNBC:
http://www.msnbc.msn.com/id/27112481/

[Anonymous No.]

>>1438293

Much better.

[Anonymous No.]

>>1438276
miku got aids?

[Anonymous No.]

I think we will soon learn that the conventional wisdom of how to respond to a financial crisis is seriously flawed. Currently governments are basing their rescue plans on historical precedents-- The Asian and Latin American meltdowns of the late 90s, Sweden/Finland in '91, and even the great depression. In all instances, countries were rescued via IMF bailout loans, bank nationalizations (capital injections) or extending deposit insurance. This same recipe will not work.

Firstly, the government is assuming that shoring up the commercial banking system will save everything. Alas, the old-school commercial banking system now has a significantly smaller influence in the world economy than ever before. Instead, we have become incredibly reliant on CDS, derivatives, and hedge funds to finance just about everything. The collapse of these vehicles is resulting in such tremendous a demand for cash, that nothing short of a government intervention will prevent a run on global bonds and securities. The government may be better advised to more aggressively intervene in these markets rather than deal with commercial banks.

Secondly, meltdowns of developing countries are far less serious when the 1st world economies are stable and can quickly intervene by lending capital. Developing countries have historicaly relied on bailouts from the IMF, which the US and the EU currently cannot. The lack of a supranational organization for developed economies (a super IMF) means that there is no fall-back. And since this meltdown is occurring simultaneously across both the developed and developing world, there are no countries that can provide emergency relief.

Thus, I see little reason that the latest round of proposals from central banks and economists will have a noticeable impact.

[Anonymous No.]

>>1438284
>>1438293
>>1438296
You... lost me.

[Anonymous No.]

>>1438568
>this whole "BAWWW ECONOMY BAWWWW" thing

[Anonymous No.]

Reminder economists are still horrible people-

>>Once I was visiting a cousin and he suggested we go for a ride. When we went out of the house, I wasn't sure which vehicle we were taking. "Is this your truck?" I asked. "No, it's not mine," he said as he got in. "It belongs to the bank. They just let me drive it." That's a good thing to remember if you're a homeowner or a renter. Unless you've paid off the mortgage and hold the title free and clear, it's not your house. It's the house of someone else, who is letting you live there. That would also be a good thing for Cook County Sheriff Tom Dart to remember as he refuses to carry out evictions from foreclosed properties.

Why should the sheriff be enforcing eviction notices in the first place? Because of a simple but important matter known as property rights. If you found me in your living room without permission, you'd expect the cops to come and take me away, and so would I.

A foreclosure is no different in principle. When you take out a mortgage, you agree to make the payments and the lender agrees to let you live in the house. When you abrogate your end of the deal, the other party has the right to do likewise. Someone who fails to pay the mortgage has no more right to stay in the house than I have to take up space on your couch.

Dart complains that some lenders don't give rental tenants fair notice that the landlord is delinquent, which means the eviction notices comes as a complete surprise. Is that fair? Maybe not. But it's one of the consequences that go with the convenience of renting. If you want to avoid the perils of irresponsible landlords, you're advised to take out a mortgage yourself. Otherwise, you have to choose your landlord carefully and hope for the best.

Enforcing eviction notices is no one's idea of a pleasant task, but if Dart doesn't want it, he should find another job.

[Anonymous No.]

Why the fuck is this shit in /jp/? Not that it belongs on any of the other boards...just fuck off with this garbage already and live your life.

[Anonymous No.]

I can't really take any crisis that doesn't have a significant effect on my life seriously. Actually, as long as it doesn't kill me, I accept any change, because I'm terribly bored right now.

[Anonymous No.]

>>1438552

Excuse me while I eat some of my words. I'm terribly sorry for being an idiot.

I neglected to take in all the information, I'm an idiot, a faggot, etc.

I still disagree with 1) though. It's not like the lenders are forcing people to take their loans. No matter how wrong the lender is on the client's ability to pay his dues as long as he acts according to the contract there is no reason for this to be penalized.

>>1438550

I'm eating my words right now. I can be a real idiot most of the times. Please accept my sincerest apologies. I am the idiot here.

[Anonymous No.]

>>1438312
Why this all of a sudden.
Noone cares about evictions nowadays when the world banking system is at risk.

[Anonymous No.]

>>1438322

Why is this horrible? Sounds perfectly reasonable and fair to me.

[Anonymous No.]

>>1438331
The foreclosures are a direct result of it.

>>1438326
If you're middle class or worse and fuck up, you lose your house. If you're rich and fuck up, you get millions of dollars. Tell me what's perfectly reasonable and fair about that.

[Anonymous No.]

>>1438323
BAWWWWWWWWW the economy doesnt affect japan!

[Anonymous No.]

>>1438340

Please point out the part of >>1438322 that mentions anything about what you're whining about.

[Anonymous No.]

>>1438349
That's not a Wolverine, it's a Russian.

[Anonymous No.]

>>1438340
Not a result of it, they just started the confidence crisis and revealed the fact that nobody has capital anymore.
They were the breeze of wind that shook the card castle.

And people getting evicted is uninteresting.

[Anonymous No.]

>>1438340
You people aren't understanding the issue at all. These evictions are being carried about because the LANDLORDS of APARTMENTS are defaulting on mortgages so the tenants are getting evicted.

[Anonymous No.]

>>1438376
Or you know, because maybe those people who bought their houses on credit are being thrown out for credit default ?
Doesn't matter the consequences on people anymore, the whole system is what matters now.

[Anonymous No.]

>>1438361
That's originally a response to this article (http://www.msnbc.msn.com/id/27090355/)) but you're missing the forest for the trees.

[Anonymous No.]

IT IS A WORLDWIDE ECONOMICAL CRYSIS; THANKS AMERIFAGS

[Anonymous No.]

>>1438502
There's nothing "voluntary" about it. Having a home to live in is one of the basic necessities of human life. Those individuals, especially the lower classes, are also vulnerable to economic circumstances beyond their control.

Putting aside my disagreements of with the entire economic system in the United States, as long as someone has at least made an attempt in good faith to pay, I don't see a reason why the government shouldn't help them to keep that home.

[Anonymous No.]

>maybe even Canada.

I don't think you want to come here. Pic related.

[Anonymous No.]

>>1438414
now it will never be fixed!

[Anonymous No.]

>>1438414

oh wow i made an orthographical mistake in a language i don't speak natively.

[Anonymous No.]

>>1438437
hooray

[Anonymous No.]

>>1438437

You make inflammatory statements and expect any mistake you may have made to slip by unnoticed?

[Anonymous No.]

>>1438648
Why don't you take your Social Darwinism and kill yourself?

[Anonymous No.]

I'm graduating with MA next year.
Somebody tell me how fucked up I am.

[Anonymous No.]

>>1438467
You are a ferry fucked up person indeed. Perhaps it is time to heed my advice and suck 14 trillion dollars worth of cocks.

[Anonymous No.]

Dear United States Republican Party, how does it feel to be owned by Hugo Chavez and the rest of Latin American?

>>Chavez names ‘Comrade Bush’ a socialistGeorge Bush has been the target of fresh jibes by Venezuelan leader Hugo Chavez for doing exactly what he was criticising the socialist leader for – overriding market laws to protect the economy.

>>Critics say the U.S. bailout plan is an example of a double standard by the Bush administration, reports America’s McClatchy newspaper.

>>“If the Venezuelan government, for example, approves a law to protect consumers, they say, ‘Take notice, Chavez is a tyrant!’” said Chavez, speaking in one of his recent weekly television shows.

>>“Or they say, ‘Chavez is regulating prices. He is violating the laws of the marketplace.’ How many times have they criticised me for nationalising the phone company? They say, ‘The state shouldn’t get involved in that.’ But now they don’t criticize Bush for having to nationalise (the biggest banks in the world.) Comrade Bush, how are you?”

>>Warming to his theme, he added: “Comrade Bush is heading toward socialism.”

>>Nicaragua Congressman Edwin Castro agreed: “We think the Bush administration should follow the same policies that they and the International Monetary Fund have always told us to follow when we have economic problems — a structural adjustment that requires cutting government spending and reducing the role of government.”

>>Meanwhile, Bush said the bailout plan, that will see $700 billion of government money used to buy toxic mortgages, was necessary, although he said it stood against his personal philosophy.

[Anonymous No.]

>>1438388
jackass, this statement is in relation to the sheriff story, not about random losers who can't afford their own mortgage

[Anonymous No.]

>>1438523
Then it matters even less.

[Anonymous No.]

Moving to Brazil SAP

low living costs, little brown girls and unlimited teaching work

[Bored_Rice !3GqYIJ3Obs No.]

>>1438539
What will they pay you with?

[Anonymous No.]

>>1438502
1) One could argue there's some leeway that should be given due to the massive amounts of predatory lending and "no, really, I work with money, you can afford this mortgage, believe it!" bullshit that went on (although one could also make a nice Social Darwinist example out of that), EXCEPT that
2) In Cook County, the people who are getting evicted are renters. They're renting apartments in buildings owned by a landlord who defaulted on their mortgage. The landlord doesn't tell the tenants about this, naturally, so the first they hear about it is often when they come home with all their shit out on the curb. What that police chief is trying to do is get the landlords to show some semblance of fucking responsibility before the police are held responsible for kicking out the renters. If the property owners are not performing due diligence in their responsibilities for the people WHOSE MONEY THEY ARE TAKING, you're damn right the police are going to tell them "get your shit together before making us kick these people out".

[Anonymous No.]

>>1438546
Cocaine.

[Bored_Rice !3GqYIJ3Obs No.]

>>1438553
good choice!

[Anonymous No.]

>>1438546
I'm very low maintenance

not like I need a weekly $3000 budget for toilet seats, this whole "BAWWW ECONOMY BAWWWW" thing is really getting out of hand, and confusing the shit out of idiots

[Anonymous No.]

>>1438749
Well, no, we're not, and definitely not as much as you are.

[Anonymous No.]

>>1438568
Well, most people are getting crazy about it for the wrong reasons.
Losing all the money you've put in banks is a good one.

[Anonymous No.]

>>1438568
>this whole "BAWWW ECONOMY BAWWWW" thing

tell that to the country of Iceland

[Anonymous of Croatia !na1byG1GU. No.]

>>1438568
You'd go "BAWWW ECONOMY BAWWWW" if you had more then 50,000$ dollars in the bank.

[Anonymous No.]

>>1438575
>>1438577
>>1438581
I'm sitting here watching movies I downloaded illegally, browsing on my neighbour's wifi and eating ramen in my cheap flat in London

I'm perfectly happy

the fact I can't buy another 4x4 or build a tennis court in my mansion because my stock portfolio has dipped doesn't worry me

[Anonymous No.]

>>1438589
Are you saying I should feel bad that rich people are slightly less rich than before?

[Anonymous No.]

>>1438581
it's ok to BAWWWW when your WHOLE motherfucking country just went bankrupt...

[Anonymous No.]

I, for one, plan to withdraw all my money on the 16th just to see what happens. If anything.

If nothing happens then I'll just put it back on the 17th

it's only £200 but whatever

[Anonymous of Croatia !na1byG1GU. No.]

>>1438596
You should feel bad, because you're are not rich.

[Anonymous No.]

>>1438604
Is that advice, or is that an assumption?

[Anonymous No.]

>>1438596

A lot of people worked really hard to get to where they are.

[Anonymous No.]

>>1438610
And then they gambled it away

because let's be serious, if nobody was gambling their assets in the hopes of increasing them further with ZERO effort, then their money would be safe.

That's right, gambling

zawa zawa

This is now a Kaiji thread

[Anonymous of Croatia !na1byG1GU. No.]

>>1438606
It's you not being rich and feeling bad about it.

[Anonymous No.]

If you go to China right now, you can live like a king. If you go to Japan, you'll be piss-poor.

Serially, go to China.

[Anonymous No.]

>>1438592
lol poor ass

[Anonymous No.]

>>1438616

You're absolutely right. Can't help feel a little bad, though.

[Anonymous No.]

OP here. I made this thread a while ago and didn't follow it. Jesus christ, it was a simple question, and don't try to act like the stock market doesn't affect you if you don't have money in it. Seriously, if the dollar becomes worth less than the paper it's printed on, you have to get out, or sit with the lower 97% in poverty.

[Anonymous No.]

>>1438630

The dollar actually went up one of those days, it's not down that much. Largely because the rest of the world is falling at the same pace.

[Anonymous No.]

>>1438630
It's time to worry when the dollar gets down graded to the value of a Mark after WW1 in Germany.

[Anonymous No.]

>>1438641

The dollar won't start to become worthless until the government starts printing money to pay for the bad mortgages and inflation sets in.

[Anonymous No.]

>>1438634

Everybody, rich or poor, has to live with things that are beyond their control.Rich people don't keep getting richer just because they are rich. In most cases it's because they've made the right decisions as to what to do with their resources at hand.

[Anonymous No.]

>>1438643
ahh when burning the Mark for heat had more value than the money it's self.... Good times...

[Anonymous No.]

>>1438597
I didn't know we got Vikings here.

Í bók þessi lét eg rita fornar frásagnir um höfðingja þá er ríki hafa haft á Norðurlöndum og á danska tungu hafa mælt, svo sem eg hefi heyrt fróða menn segja, svo og nokkurar kynkvíslir þeirra eftir því sem mér hefir kennt verið. Sumt það er finnst í langfeðgatali því er konungar hafa rakið kyn sitt eða aðrir stórættaðir menn, en sumt er ritað eftir fornum kvæðum eða söguljóðum er menn hafa haft til skemmtanar sér. En þó að vér vitum ei sannindi á því þá vitum vér dæmi til þess að gamlir fræðimenn hafa slíkt fyrir satt haft.

[Anonymous No.]

>>1438635
It's hilarious how Steven Harper calls an early election (lol fixed dates lol) and now it looks like he might lose seats instead. It'd the ultimate irony if the Liberals and NDP pass a vote of non-confidence right after the election and form a coalition government.

[Anonymous No.]

>>1438621
SINA CING EMPEROR WANG SUBORDINATE LE

>>1438630
>>1438293

[Anonymous No.]

>>1438655
At least he's not Gorden Brown.

[Anonymous No.]

ITT NO ONE HAS ANY FUCKING IDEA WHAT THEY ARE TALKING ABOUT

[Anonymous No.]

>>1438663
I don't have my glasses on, please repeat that in louder text.

[Anonymous No.]

>>1438667
False, Hitler shot himself in the mouth.

[Anonymous No.]

Right on, thread reached Godwin's Law right before 200. Perfect timing.

[Anonymous No.]

so amerifags... where is your god now you trust?

[Anonymous No.]

>>1438502
The whole point of this crisis is that banks were giving loans away way too easily. And people were encouraged to take loans since they were believed to be risk free. There is no point of discussing about the people when it was the banks who messed it up.

[Anonymous No.]

>>1437972
lol you need to ask?

[Anonymous No.]

NONSENSE, WE HAVE PULLED OURSELVES UP BY OUR BOOTSTRAPS AND I SAY LA WE WILL DO IT AGAIN.

[Anonymous No.]

p.s. chillax, it's not like you guys have jobs or anything.

[Anonymous No.]

>>1438041
signed. you need very good reasons to be able move there. they are very strict.

means:
no gaijins please.

[Anonymous No.]

>>1438051
lrn2english

[Anonymous No.]

>>1438671
This stencil looks better than the shot in the mouth one tho

Seriously, that kind of stupid shit can only come from sheltered sub-urban white males who simply don't know anything about the world.

[Anonymous No.]

>>1438686

I'm a rich Jew.

[Anonymous No.]

Every Nation and culture gets the rulers and the economy they deserve.
Heard ur having a rough time with G.W. Bush's economy plan, amerifags!

[Bored_Rice !3GqYIJ3Obs No.]

>>1438687
Learn to recognize a impostor.

[Anonymous No.]

>>1438692
lrn2post as anonymous

[Anonymous No.]

>>1438695

It's as if it's only happening in America, guise.

[Anonymous No.]

Anybody else really happy that Iceland is broke? I had it up to here with those cocky faggots!

[Anonymous No.]

>>1438695
World economy learn it, fagot!

[Anonymous No.]

>>1438706
feels NEW DEAL man.

[Anonymous No.]

>>1438711
Shut up Britain.

[Anonymous No.]

>>1438635

what's wrong with Canada?

[Anonymous No.]

>>1438737
Canada is America Jr. and if America is fucked, Canada is royally fucked.

[Anonymous No.]

>>1438749

In Canada, you still won't have to choose between being broke or dying from some disease since you can never go to the doctor.

[Anonymous No.]

Canada rated world's soundest bank system: survey
http://www.reuters.com/article/wtMostRead/idUSTRE4981X220081009

[Anonymous No.]

[Anonymous No.]

Please, no jews in Japan. Thank you.