Economy+Poker = BAD

this is what is known as panic, you gotta learn to chill, everything will work itself out

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On September 17 2008 21:38 TalentedTom wrote: this is what is known as panic, you gotta learn to chill, everything will work itself out

there's reason to panic.
http://finance.yahoo.com/banking-budg...-Since-1930s-With-No-End-Yet-in-Sight

don't want this to sound offensive but why worry about a $300 roll? it's the nosebleed stakes guys who should be worrying.

when has panic ever done anything good for anyone?

in times like these, the less we know the better

ROFL agreed. You're worrying about your $300 bankroll?

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On September 17 2008 21:44 roflcopter wrote: don't want this to sound offensive but why worry about a $300 roll? it's the nosebleed stakes guys who should be worrying.

no offense taken
this post was for more for you ballers out there that have like thousands

and i am worried b/c my 300 br is about... 14% of the money i have in my name right now.

I am 20 yrs old and i have to work for all my money, i've never had anything given to me like a lot of people. i come from a working class family. The only thing that my parents pay for is car insurance... thats it. A little over 2K going into the next great depression won't last long.

well then I take back what I said

Well first of all you seem to have no clue where your money is actually coming from. Your PS account is I believe a bank account at one of the major U.K. banks. Most likely no problems will come of it. I really hate "the sky is falling" kind of posts when you clearly don't have any information about the subject. Just google some economist articles and actually read in depth about it which might help you understand whats going on a lot better. Panic is useless, much better to simply educate yourself and then take the correct actions to take care of yourself.

if FDIC fails and depositors lose their money I guarantee you there will be a lot more to worry about in this world that the money that you lose. Sure it may be 100% to you but think about the big picture, it would literally mean an end to the world as we know it. We are headed towards a depression but that doesn't mean that consumer banks are going to fail. It is still a very very unlikely possibility and you shouldn't be wasting your time worrying about it.

And if you're thinking about just sitting on cash, then lemme tell you something, if FDIC fails then that cash would be almost worthless too. If you're that concerned about doomsday then just take everything you have and sit on gold i guess.

but then what if a meteor hits earth and mankind is wiped out then gold will be worthless too.

try college

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On September 17 2008 22:19 Bejamin1 wrote: Well first of all you seem to have no clue where your money is actually coming from. Your PS account is I believe a bank account at one of the major U.K. banks. Most likely no problems will come of it. I really hate "the sky is falling" kind of posts when you clearly don't have any information about the subject. Just google some economist articles and actually read in depth about it which might help you understand whats going on a lot better. Panic is useless, much better to simply educate yourself and then take the correct actions to take care of yourself.

thank you for repeating everything i just said

84o said in main post: "i am ignorant to the subject" He also said: "I found an article on yahoo news about the FDIC not having any money." He also gave proof of this being serious when he said: http://finance.yahoo.com/banking-budg...-Since-1930s-With-No-End-Yet-in-Sight

On September 17 2008 22:42 devon06atX wrote: Show nested quote + On September 17 2008 22:23 TenBagger wrote: but then what if a meteor hits earth and mankind is wiped out then gold will be worthless too. good point. I think everyone should withdraw all their money, and buy lots of booze, condoms and fast cars and eat at bag's restaurant on the weekends where he would obviously provide free onion rings. good for the economy imo btw, i can't believe i'm actually writing in 84o's blog in a civil tone, wtf is going on here

rofl

btw, i can't believe i'm actually writing in 84o's blog in a civil tone, wtf is going on here

= end of world

Pokerstars is rather more reliable than the average bank. You're safer keeping it in there. Also cashing out is retarded because what the Government will most likely resort to is printing a lot of money. It's a stealth tax, it devalues the cash of everyone else along with assets which have fixed cash values, and gives the Government cash equal to all the devaluement. So if you're serious about trying to drop out of the economic system until better days you want to invest in assests which have stable values.

INVEST IN REAL ESTATE MY FRIEND