What really bothers me of the U.S Economic crises.

Before the economic crises I was very confident in U.S financial experts and would gladly listen to what they had to say. Not anymore, if I want financial advise, I rather asked a toddler at a day care then any one of these corporate clowns.

This is what pisses me off.

There appeared to be tons of expert on the radio, TV, and in congress.

My question is, where were these people when this crises started or even before it did?

There is Fix News Bilo the clown, AKA financial expert., There is Glen wood Pecker , CNN Lou Dumb - financial experts.

So where have all these expert been?

Everybody seem to have an opinion of how to fix the problem, which is too late. Where were these idiots - why did they not give their expert advise then?

If you know how to swim - jump in the water when somebody is drowning not after they have been pulled out and pronounced dead.

Too many financial experts - to late of an opinion.

AI

...that soap box is not going to hold your weight!

Good luck with that.

Financial experts all have extremely divergent opinions, not unlike the people who post here.

Some financial experts were bemoaning subprime loans years ago, saying that this could only lead to disaster.

When I purchased my home in 2002, I was shocked at how easy it was to get really large loans, loans that were beyond my means to pay back or were straining credibility. But here were banks, handing them out like candy, sometimes with funny interest rate schemes. I chose to get a modest loan for a modest house with a fixed rate; not everyone did. But anyone with a brain could figure that if you handed out large homeowner loans to people like candy, something bad was going to happen. My realtor agreed with my assessment then.

And look what has happened.

And the stock market's been volatile since late August/early September of last year, with its belching and rocking to and fro. Didn't that make anyone nervous? I transferred my mutual funds to more stable areas.

I'm not Nostradamus. I'm not a financial genius. Yet I could see it coming.

You should've told us Ken!!! You bastard!

Yeah, I locked in with a fixed rate as well. They dangled the tempting treat in my path but I opted for sanity.

Hey! Ken, you should have told me about your Avatar, I almost broke my LCD trying to kill the freaking bug! This is the most weird thing that has ever happened to me.

AI

I don't know what to tell you. Supposedly the best and brightest Ivy League MBAs and lawyers have gotten us where we are. The problem isn't expertise as far as I can tell. It's more in the realm of morality and each person being responsible for determining how much is enough, IMO.

This seems to be as good a method as any in determining financial solutions:

[YOUTUBE]dwtOtyrW7h4[/YOUTUBE]

I just got really nervous somewhere around late August/early September...but I didn't know if I were doing the right thing or not. Of course, I never predicted the severe economic meltdown...but I was just getting really nervous.

Hey! Ken, you should have told me about your Avatar, I almost broke my LCD trying to kill the freaking bug! This is the most weird thing that has ever happened to me. AI

What about my avatar?

What about my avatar?

Hold on I'm getting the pesticide.

Honestly I rubbed on the screen and then I thought it was in the screen, then I check other pages but only saw it when I was on this page.

I concluded it was your avatar. Pretty cool and different!

AI

They're entertainers. It's not real... it's TV.

You forgot to mention this lunatic...

They're entertainers. It's not real... it's TV. You forgot to mention this lunatic...

Yeah Beck, forgot this guy, he is the worst psychopathic financial comedic actor I have ever seen.

I was so happy when Jonn Stewart put his ass in his place.

The guy is totally whack.

AI

Five years ago I started a new trend......I turned a $9000 credit card debt into a $14000 financial surplus. How'd I do it? Simple conservative principles; I stopped spending money I didn't have while paying down my debt and living well within my means.

It's not rocket science.

That's quite good, obviously, but there's a difference between that, which is personal financial management, and being affected by the economic crisis (investments, unemployment, etc.) that AI is discussing.

Yes, as just another internet forum poster I can't be expected to understand the amazingly complex principles of high finance and why the government must double the amount of debt incurred since the USA's inception then top it off by monetizing that debt to insure hyper-inflation and complete economic disaster in the coming years while continuing to expand. The wisdom eludes many a simpleton like me.

I posted it because it should be number one on anyone's list to get your personal financial affairs in order. Then hunker down while the thieves and morons that people elect (or in some cases don't elect) to office continue to destroy the country's financial system.

I've also watched the interest rate on my savings plummet and my 401K tank. There's not much I can do about that but at least I've developed sound personal financial habits to help weather the storm.

Depending on 'experts' for anything is just silly. They are people, and some of them are most certainly in the group that slid through college with a D- average. That's why they're on TV!! Because they are unable to do anything productive!

Put your faith in yourself and what you yourself have seen. Anything else is just belief, which sets you up for betrayal.

The problem is this in easy to understand terms...

We trusted these experts to help grow the economy at a realistic pace over the last 15 years. But they did everything in their power to make money flow into their own pockets, regardless of risk and future repercussions.

Today we acknowledge they were wrong and did everything for their own greed. Lesson learned...

Why would we ask these folks for their "expert opinions" again when all they want to do is line their own pockets? That is like asking the fox to safeguard your chickens...

Hey! Ken, you should have told me about your Avatar, I almost broke my LCD trying to kill the freaking bug! This is the most weird thing that has ever happened to me. AI

hehehe yeah I love the bug.

I saved it as soon as I saw it and I've sent emails

to a few of my friends with the bug surreptitiously

placed somewhere on the page....

Still waiting to see if I get any hits.

Yes, as just another internet forum poster I can't be expected to understand the amazingly complex principles of high finance and why the government must double the amount of debt incurred since the USA's inception then top it off by monetizing that debt to insure hyper-inflation and complete economic disaster in the coming years while continuing to expand. The wisdom eludes many a simpleton like me.

It's actually brilliant...let me explain:

We spend trillions of dollars to party on and build up huge debts, mostly to the Chinese.

They hyper-inflation hits! That multi-trillion dollar debt is now worth, in today's currency, $146.12.

So, we cash our $40 billion-dollar weekly paycheck and after paying $10 billion for food and $5 billion for the cable bill, we take $190,000 in loose change out of our pocket and pay off the mortgage we got in 2006. And pat ourselves on the back for getting a fixed rate one

Let's not forget all the Military Experts the "news" stations entertained us with in the early days of the Iraq War.

So much expertise! Wasn't that war supposed to be over in a heatbeat with Iraq standing on its own two feet shortly thereafter?