The banking industry/wall st. has collapsed. The housing industry has collapsed...The auto

[Triana]

industry has collapsed. The retail sector is about to collapse...

Happy New Year? Pfft. :argh:

[truedelphi]

1. Hey Triana - we've still got each other.

The internet community is still going strong. At least as long as enough of us have houses and working electricity...

[Triana]

4. the energy industry will be fine. Tricky Dick II and his oil and filthy coal buddies ...

..have seen to that.

[CoffeeCat]

2. Yup...

401k moved out of the stock market....check.

Half of our savings in our mattress...check.

Not spending a dime that isn't for essentials....check.

Raising cash by having garage sales and liquidating other items on Craig's list...check.

Stockpiling food, toiletries and other essentials...check.

Psychologically prepared for any economic eventuality...check.

I've done all I can to prepare for whatever is coming. That's all I can do.

[Triana]

3. IRA...

...that has plummetted in value now. If I take it out - I get penalized - and have to pay taxes on it. Pfft! I guess my savings is OK - as long as the freakin bank doesn't collapse.

I could live on beans - maybe when I buy some stuff for the food bank donations I'll buy a few extra cans for myself.

[CoffeeCat]

6. Yes, you bring up an important point...

It's so important right now to donate to food pantries.

There are so many people in need and pantries are struggling to keep up with demand.

Thanks for reminding me of that...I should have included that point in my post.

:)

[Lint Head]

5. I want a tee shirt that says 'I'm Collapsed'.

:dem:

[trudyco]

7. The banks haven't collapsed - lots of mid level and small

banks and credit unions still doing fine.

It's the big ones who speculated and lost who are hurting. They aren't the whole industry.

Otherwise - spot on.

What surprises me is how little of a drop in retail is causing such a crisis. Didn't realize retail lives that close to the edge (where single digit drop in sales can throw them into a tailspin).

[Triana]

8. I guess they heavily depend on the X-mas shopping season to stay in the black...

...and when it's down - it's devastating. But other than that, I am not aware of what else it may be. I didn't really realize they live so close to the edge either.

[marmar]

9. Translation: F**ked 10 Ways from Sunday, We Are......

:yoiks:

[Triana]

10. Happens every Republican.

:grr:

[Golden Raisin]

11. But the Republicans are the party

of fiscal responsibility. :sarcasm: They will, with their usual lies and psychological projection, blame this all on those damn, free-spending, high-taxing Democrats (who are certainly not blameless). Oh, and by the way, in addition to the entire economy imploding before our eyes and the New and Not Improved 1929 looming, 9/11 happened under Republican watch too. And we all know where that lead to: torture, rape of the Constitution, maimed/dead children all over Iraq, Blackwater stormtroopers, rendition, domestic spying on our own citizens, etc. Thanks Republicans and George Bush. You have basically destroyed the good ol' U.S.A. and it's reputation in the greater world.

[Triana]

12. Don't forget Katrina and the utter destruction of the Gulf Coast/New Orleans

N.O. was a MAJOR historical city and it is destroyed.