the BMB

RDM is a tool and an idiot. Perfect example of why no one should listen to any sort of celebrity's or athletes views, or at least treat them as suspect if you yourself do not understand what is going on. RDM in this case is a perfect example of ignorance. YOu want to tell us how to do a 1080--great--otherwise STFU.

RDM writes: "People have been brainwashed with that and they’ve stopped living. I bet if each individual in the world like they did before the crisis, everything would be good, because money would still be spent, people would still be happy and do happy things and the world would still go around"

News flash Roman you bonehead--the world is awash in debt, too many people living off of credit cards with sky high mortgages, buying cheap (price wise and /or quality) Chinese made snow gear, etc etc--people need to save their $$ and pay off bills, not go out and keep spending--unless your situation allows for it. This idiot knows nothing of the real economic problems the US and the rest of the world faces. If he did he sure as hell wouldnt have started a snowboard co that will soon be frying along with his seed money.

http://www.slytechprotection.com/blog/

most of us watch his riding and don't give a wiggy's *** what comes out of his mouth.

Actually Oldskeezy hes right - why else do you think the powers that be are flooding the banks with capital - so they can spend their way out the recession

In fact your comment show how much you have your head up your ass about what whats with the economy.

Try readin some Niall Ferguson or Nouriel Roubini

actually, I just read rdm's comment. He's more or less right. Wording might be questionable here and there (what you quoted looks like a toddler wrote) but he's got the gist of what's going on.

No dumba$$ he's wrong, like you're wrong--as yes I have read and read Roubini, Ferguson, Tabbibi, etc etc almost daily. Go do yourself a favor and read some Schiff. I think you're the one who isnt reading them--or perhaps you are reading them and you simply dont get it.  Again, go re-read my post--I was talking about the average person--I didnt say anything about the banks did I? No. There's a large percentage of this country (and around the world--Europe--West and East) that are in severe debt. What the economy needs in the long run is to not reinflate the Greenspan/Bernake bubble by offering $8K payoffs to take on overpriced homes and $4500 cash for junkers deal to put people further in debt, its to ELIMINATE that debt--so the economy can function properly. Economists call this a "debt jubillee" whereby debt is erased --ie by rewriting mortgages, renegotiating credit card loan balances, nationalizing banks that are insolvent, etc ect. Or absent this, people need to take the time to deleverage (ie--pay down debt)--pay off loans, credit cards, etc. Businesses as well need to do these things. Until these things are done the long term viability of the US economy will be in real danger of turning into what Japan has seen for the last 20 years--what is called a deflationary debt spiral. People had some much debt that they couldnt afford to live except by means of credit--so they needed to pay this credit off. before things could get better. Problem is only in the last few years have they really, slowly started to improve. Yes, banks are filled with liquid cash-by giving them 0% loans (at Taxpayer expense)--where they flip that money in microsecond trades but dont loan anything out--thats a short term fix. People need to get out of debt, even if that means the economy suffers--because if they dont get out of debt--they wont be able to service their debt when interest rates go through the roof when the rest of the world stops buying our t-bills at auction and they wont be able to afford $hit let along di*k. There's no such thing as spending your way out of the recession when your credit card balances are maxed out because citibank cut your credit line or increased your max payment, there's no spending your way out of a recession when your home which you've previously used as an ATM is $100,000 underwater and the credit line has dried up, there's no spending your way out of the recession when you've lost your job or your hours have been cut, theres no spending your way out of a recession when your 401K just took a massive $hit, there's no spending your way out of the recession when the bank wont give you a loan for anything, and there's certainly no way you're gonna by a $hitty Yes board cause some derelict who can huck a 720 told you so.

  SO yeah, start RE-reading your financial blogs guy. As I wave my hand --Abracadabra! Bam! You're still ignorant! Nice try though.

oldskeezy:

No dumba$$ he's wrong, like you're wrong--as yes I have read and read Roubini, Ferguson, Tabbibi, etc etc almost daily. Go do yourself a favor and read some Schiff. I think you're the one who isnt reading them--or perhaps you are reading them and you simply dont get it.  Again, go re-read my post--I was talking about the average person--I didnt say anything about the banks did I? No. There's a large percentage of this country (and around the world--Europe--West and East) that are in severe debt. What the economy needs in the long run is to not reinflate the Greenspan/Bernake bubble by offering $8K payoffs to take on overpriced homes and $4500 cash for junkers deal to put people further in debt, its to ELIMINATE that debt--so the economy can function properly. Economists call this a "debt jubillee" whereby debt is erased --ie by rewriting mortgages, renegotiating credit card loan balances, nationalizing banks that are insolvent, etc ect. Or absent this, people need to take the time to deleverage (ie--pay down debt)--pay off loans, credit cards, etc. Businesses as well need to do these things. Until these things are done the long term viability of the US economy will be in real danger of turning into what Japan has seen for the last 20 years--what is called a deflationary debt spiral. People had some much debt that they couldnt afford to live except by means of credit--so they needed to pay this credit off. before things could get better. Problem is only in the last few years have they really, slowly started to improve. Yes, banks are filled with liquid cash-by giving them 0% loans (at Taxpayer expense)--where they flip that money in microsecond trades but dont loan anything out--thats a short term fix. People need to get out of debt, even if that means the economy suffers--because if they dont get out of debt--they wont be able to service their debt when interest rates go through the roof when the rest of the world stops buying our t-bills at auction and they wont be able to afford $hit let along di*k. There's no such thing as spending your way out of the recession when your credit card balances are maxed out because citibank cut your credit line or increased your max payment, there's no spending your way out of a recession when your home which you've previously used as an ATM is $100,000 underwater and the credit line has dried up, there's no spending your way out of the recession when you've lost your job or your hours have been cut, theres no spending your way out of a recession when your 401K just took a massive $hit, there's no spending your way out of the recession when the bank wont give you a loan for anything, and there's certainly no way you're gonna by a $hitty Yes board cause some derelict who can huck a 720 told you so.

  SO yeah, start RE-reading your financial blogs guy. As I wave my hand --Abracadabra! Bam! You're still ignorant! Nice try though.

You really think i can be bothered to read whatever you just ranted about - seriously this is a snowboarding forum

HAHHAHAHH oh man guy, if you cant be bothered to make an intelligent post --then dont get into with me you f8Cking Chicken$hit. HAHHAHHA When it doubt--Abracadabra bails out. HAHHAHha Go away.

HAHAHHAA YOu fail Econ 101 as well guy, go back to retail.

ardtus:

actually, I just read rdm's comment. He's more or less right. Wording might be questionable here and there (what you quoted looks like a toddler wrote) but he's got the gist of what's going on.

the main problem here is NOT on the level you seem to be stuck in.

I'll explain that to you once you explain how one pays off credit. You're ganna have to read your post to find that gem, since I did it's only fair.

Once you fully realize how much of the economy is based on speculation it all might start making more sense to you. Kinda like how speculators have a large part in oil prices. If this isn't making any sense then *gasp* start educating yourself *gasp*.

Not trying to down play the effect of people living off debt in past decade or so had, but that's only a single part in a giant pyramid.

By the way, what exactly does Obama have to do with the recession? IT started place LONG before he was ELECTED. Oh, and by the way, WHAT do you THINK would have HAPPENED if he'd let the banks go under? You'd all be learning chinese, that's what. And the error, I mean era, of capitalism would have abruptly ended.

These all basics you could glean by paying attention to credible news venues, btw. This isn't even highschool economics level.

Not everyone in this thread likes paragraphs; for shame!

Really, if I thought professional snowboarders were running the economy I'd kill myself. Or you. Or maybe things wouldn't be any different and there would be no killings. But this is all as irrelevant because what some man who plays in the snow for a living says about anything is pretty ignorable. It's nice to see you've worked yourself up about it though.

Marshall Tucker:

what some man who plays in the snow for a living says about anything is pretty ignorable. It's nice to see you've worked yourself up about it though.

Excellently stated.

wow, oldskeezy your a very angry man.

Will a cuddle make you feel better?

Marshall Tucker:

Really, if I thought professional snowboarders were running the economy I'd kill myself...

Hahaaa

Maybe RDM will have his contract cancelled as a result of the recession. Then he'll have to see what it's like living in "the real world" and can spend his way out of problems.

this thread would be interesting if the BMB weren't dead.

EL 4 lyphe!