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What did you think when we saw criminal bank fraud when the only thing that was done was to give them more money so that they could bandage our boo boos? and then what did you think when they took the money and run?
Exactly. "Too big to fail" = "Holy C---! If we don't prop these guys up, we lose the dollar (that they back) as a standard of world currency!" No tinfoil hat needed.
Fairly good article conceptually, although the calculator might be broken. The convenience of a national fiat currency put a lot of power into the hands of a few. It startles some people to learn the Federal Reserve, which is what backs the currency, is not really a Federal agency in the full sense, and has government held by the short hairs.
As for mortgages, car loans, cell phone plans and the like, yeah. The first thing people do when they think they are on the road to success is buy the trappings of what they perceive to be success, often on credit. It also amazes me how many people are unwilling to move to less expensive areas or buy used to have more actual take-home money.
If someone is so into how they are seen that they have to buy a million dollar house, and then have to pay $20K in taxes on it each year, more in interest, more in upkeep, and so on, I don't look at them as being successful. I look at them as playing an ego-assuaging game that doesn't particularly interest me.
It isn't just the hamster wheel. It is the cage, the sucking at the water tube, the eating the provided kibbles and pooping in the designated areas that people would do well to be aware of.
Living in a less expensive area also has its downfalls. Less jobs, less well-paying jobs and less career choices period.
I agree. There comes a point when people need to weigh the various options, pay, and costs. If you live in a city and have take home pay of $4,000 a week, but spendable income of $1.98 because of various "costs of doing business," it might be time to explore places with less pay and FAR less costs. Business does it all the time.
I agree. There comes a point when people need to weigh the various options, pay, and costs. If you live in a city and have take home pay of $4,000 a week, but spendable income of $1.98 because of various "costs of doing business," it might be time to explore places with less pay and FAR less costs. Business does it all the time.
And we have decaying inner cities and urban sprawl all the time too.
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
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Originally Posted by gwynedd1
What did you think when we saw criminal bank fraud when the only thing that was done was to give them more money so that they could bandage our boo boos? and then what did you think when they took the money and run?
I don't disagree re: that part, but there are better and more credible sources of information than prepper sites, which frankly seem little different than Harold Camping's Rapture no-show or the New Ager's ''2012'' prophecies. In fact, even worse, this kinda nonsense only enables Wall Street bad actors, by helping portray their critics as a bunch of paranoid ''kooks''. Even if there is some truth to that saying, ''just because you're paranoid, doesn't mean there's nothing to be paranoid about''!
I don't disagree re: that part, but there are better and more credible sources of information than prepper sites, which frankly seem little different than Harold Camping's Rapture no-show or the New Ager's ''2012'' prophecies. In fact, even worse, this kinda nonsense only enables Wall Street bad actors, by helping portray their critics as a bunch of paranoid ''kooks''. Even if there is some truth to that saying, ''just because you're paranoid, doesn't mean there's nothing to be paranoid about''!
Certainly there are falsehoods, speculations and myths. One of those I run into the most are those who think the Fed is not really part of our government and that they loan money to us. They get one step closer at the commercial banks given that FRB is a license to print money with a little catch to it. However that is still in the realm of legitimacy for they are paid for the risk they take on a default, and there is a tangible benefit when the loan is productive.
However when bank credit is created for things that have value with no industry and the government bails them out if they get too greedy and go bust, It is a scam on a massive scale and extremely dangerous to our liberty.
So between the "prepper" and the all is well ignoramous, I'd have to give it to the prepper who can smell a rat even when he does not find the rat.
The thing that most people have trouble understanding is that money is not wealth, it only represents wealth.
Wealth is really labor. Money can be manipulated to ensure labor is continuous. The economy is designed to keep you working and producing wealth.
The thing that most people have trouble understanding is that money is not wealth, it only represents wealth.
Wealth is really labor. Money can be manipulated to ensure labor is continuous. The economy is designed to keep you working and producing wealth.
The labor theory of value misapplied can be embarrassed by the fact that the seller does not just set the price. A poor specimen dancing around the pole all day long does not create value. Anyone who gloats for marginal value theory cannot for long when you make them admit that since value in exchange is not ultimately created by labor, lots of people make money without working.
The real issue is that the only means to alter prosperity in the aggregate is through labor. Otherwise what is just changes hands and some of that is created by nature. That is why the classical labor theory of value was a prescription for the macro economy best achieved by taxing value that is won passively.
Why did Walt Disney purchase his land in secrete for Disney World? He learned his lesson from Disney Land where lots of people got a free lunch just because they owned land near it. If that were taxed, it would not affect production at all.
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If we don't prop these guys up, we lose the dollar (that they back) as a standard of world currency!" No tinfoil hat needed.
