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Old 06-07-2008, 09:08 PM
Senior Member
Status: "Bloomin' where I'm planted!" (set 14 days ago)
 
Join Date: Mar 2007
Location: Centennial, Colorado
799 posts, read 426,471 times
Reputation: 236
formercalifornian has a spectacular aura aboutformercalifornian has a spectacular aura aboutformercalifornian has a spectacular aura aboutformercalifornian has a spectacular aura aboutformercalifornian has a spectacular aura about
Is someone holding you hostage to this thread? If you don't want to read it, don't click. Simple as that.

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Old 06-07-2008, 10:24 PM
Senior Member
Status: "Tonight we're gonna party like it's 1929!!" (set 22 days ago)
 
Join Date: Oct 2007
Location: Colorado Springs, CO
752 posts, read 348,979 times
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Bob from down south has a spectacular aura aboutBob from down south has a spectacular aura aboutBob from down south has a spectacular aura aboutBob from down south has a spectacular aura aboutBob from down south has a spectacular aura about
Quote:
Originally Posted by LBear View Post
Some want to attribute a "Paul Revere" status to themselves.

Psychologists say that a mind steeped in negativity will only worsen one's survival chances in the world today. Being aware & prepared are quite different than being in a negative mindset.

During WWII, people knew things were bad. Imaging living in America and having a neighbor next door to you who constantly repeats himself about the war and its pain, suffering, causalities, death, each and every day you see him. The only "news" he reports is bad news and you can't get a positive comment out of him. One would avoid such a neighbor. As in society today, those type of people attract other doomers and gloomers, but they are avoided by others who get tired of their negativity.

Things are bad, after 860 posts, we get the point.
Well, I would like to think that Paul Revere made his ride for reasons other than "attributing a status to himself."

This thread is not about "things are bad." One need only to go to the gas station or supermarket, or check their last IRA mutual fund statement to know that. It's more a discussion about where things could be headed, and how to cope/prepare for those sorts of possibilities. There are so many Americans that don't cast a second thought at debt for houses, debt for cars, debt for college, debt for furniture, debt for medical expenses, debt for vacations, debt for home renovation, debt for boats, debt for motor homes, debt for country club memberships, debt for dental work, debt for Christmas gifts, debt for cell phones, debt for utility bills, debt for fillups at the gas station, and even debt for fast food. For those people, the message is more along the lines of "Life is tough...but it's tougher if you're stupid."

And some with a clue who trip across a discussion like this, just might stop and pause, and maybe critically think through where they are and how they approach their financial security in this "new world," much of which we've seen before if we stop and look back at history. For most, it'll be a self-centered exercise of how to avoid the vortex of this economic s***storm. For others, maybe some thought might go into how we start to reshape the world we live in based on some realities just now starting to sink in. I realize there aren't many who actually do much to try and shape the world around them...but one can hope there are still a few left that haven't found corporate sponsorship yet.

Anyway, negative behavior will produce negative outcomes. Debt, excess, and lack of any sort of contingency planning will bite millions square in the ass in the days unfolding before us. It's never too late to move off of the fault line.

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Last edited by Bob from down south; 06-07-2008 at 10:35 PM..
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Old 06-08-2008, 08:06 AM
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Join Date: Jul 2006
Location: Huntsville, Alabama
6,574 posts, read 4,149,796 times
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This thread has become quite large and I didn't see if this has been mentioned but it seems to relate with the context:

The Decline and fall of America



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Old 06-08-2008, 09:59 AM
Curmudgeonly Colo. native
 
Join Date: Mar 2007
2,440 posts, read 1,602,437 times
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Good post, Charles. Sums things up quite well.

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Old 06-08-2008, 03:24 PM
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Status: "Tonight we're gonna party like it's 1929!!" (set 22 days ago)
 
Join Date: Oct 2007
Location: Colorado Springs, CO
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Bob from down south has a spectacular aura aboutBob from down south has a spectacular aura aboutBob from down south has a spectacular aura aboutBob from down south has a spectacular aura aboutBob from down south has a spectacular aura about
Good article, Charles. I wonder, though, how many won't even read it because the title offends their tender sensibilities.

Here's a good article detailing what I've been talking about here for some time w/r/t the foreclosure disaster's "second wave"...the Pay Option ARM crisis that will be rearing its ugly head from 2009-2012. This one is not just low-end subprime...this is gonna hit main street hard.

Exploding ARMs

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Old 06-08-2008, 05:29 PM
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Join Date: Mar 2007
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Just a heads-up to some of the people reading this stuff. Some of the "links" & sources that are given out, have been to authors & those who hold to a socialist world view, so reader beware.

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Old 06-08-2008, 05:36 PM
Senior Member
Status: "Tonight we're gonna party like it's 1929!!" (set 22 days ago)
 
Join Date: Oct 2007
Location: Colorado Springs, CO
752 posts, read 348,979 times
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Bob from down south has a spectacular aura aboutBob from down south has a spectacular aura aboutBob from down south has a spectacular aura aboutBob from down south has a spectacular aura aboutBob from down south has a spectacular aura about
Quote:
Originally Posted by LBear View Post
Just a heads-up to some of the people reading this stuff. Some of the "links" & sources that are given out, have been to authors & those who hold to a socialist world view, so reader beware.
Speaking of tender sensibilities...

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Old 06-08-2008, 06:35 PM
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Join Date: Mar 2007
729 posts, read 392,722 times
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LBear has a spectacular aura aboutLBear has a spectacular aura aboutLBear has a spectacular aura aboutLBear has a spectacular aura about
Quote:
Originally Posted by Bob from down south View Post
Speaking of tender sensibilities...
I see you are easily amused. I have a small toy I can send to Chile if you would like. It should keep you amused for weeks.

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Old 06-09-2008, 12:31 AM
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As one forum member put it:

"The board goes overboard to the point that I now avoid the place."

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Old 06-09-2008, 01:07 AM
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Join Date: Jan 2008
Location: Exit 125
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