Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Not so. We bought a car this summer with zero interest. My kids recently got into a nicely appreciating house for a very low mortgage rate. Our home ARM mortgage went way low before I paid it off. My line of credit at my local bank has a very low rate. A few years back I borrowed at 3% for an investment that paid better than 10%. We are no billionaires or large corps.
Yes I agree the game is stacked in big money's favor, especially post-2008. This is not a new phenomenon. This is why I think it will take unconventional means to raise our middle class.
Congratulations on increasing your debt. As I said, QE is about transferring debt to the 99% and wealth for the 1%. If you buy everything in cash, as I do, you have wealth. The Billionaires get the cash and the corporation gets the debt (so much debt that they will ultimately go bankrupt just as they did during the debt bubble).
A young woman once related to me how she is now in the middle class because she graduated college and now has a job and a $150,000 student loan that she will never be able to pay back. Welcome to the middle class!
You get the debt and the housing execs and car execs get the cash. The Chinese get the cash and the American consumer gets the debt. Chinese are literally buying up all of the good land and housing in the U.S with CASH. Owners of production and land gain wealth in a feudal society. Workers gain the debt.
Sixteen tons
And what do you get?
Another day older
And deeper in debt.
St. Peter don't you call me 'cause I can't go.
I sold my soul to the company store.
you are wasting your time here . it is like trying to describe the color orange to a blind person .
they only believe what they believe is the correct way of viewing things and things can only play out as they see it ,.
Oh yes, explain to us all how the CORRECT way to view things is precisely the way it makes you the most money on the stock market.
Let's see, loads of debt for the 99%, low wages for the hard working family, and TONS and TONS of free money for the Billionaires Class so that they can levitated the stock market.
Nice when the Centrally Planned Economy works precisely and correctly.
we have beat this to death already ad nauseam . i don't care to waste time doing it again . if complaining about the same things over and over and over is what you choose to do with your life then good luck . you can spend your life monday morning quarterbacking all the economic decisions and complaining .
Congratulations on increasing your debt. As I said, QE is about transferring debt to the 99% and wealth for the 1%. If you buy everything in cash, as I do, you have wealth. The Billionaires get the cash and the corporation gets the debt (so much debt that they will ultimately go bankrupt just as they did during the debt bubble).
A young woman once related to me how she is now in the middle class because she graduated college and now has a job and a $150,000 student loan that she will never be able to pay back. Welcome to the middle class!
You get the debt and the housing execs and car execs get the cash. The Chinese get the cash and the American consumer gets the debt. Chinese are literally buying up all of the good land and housing in the U.S with CASH. Owners of production and land gain wealth in a feudal society. Workers gain the debt.
Sixteen tons
And what do you get?
Another day older
And deeper in debt.
St. Peter don't you call me 'cause I can't go.
I sold my soul to the company store.
If your once relative graduated college with 150k in student loan debt she made many poor choices along the way. How's that for middle class?
If your once relative graduated college with 150k in student loan debt she made many poor choices along the way. How's that for middle class?
It isn't.
What has happened is that the Federal government, especially the Democrats, encourage college entrants to take out as massive loans and then use that money to literally bid for a seat in a college. College tuition goes up because of the bidding war, the colleges get the cash, and the students get the debt. A trillion of debt at last counting. Another grand distortion brought to you by the QE Centrally Planned Economy. University execs LOVE it.
Congratulations on increasing your debt. As I said, QE is about transferring debt to the 99% and wealth for the 1%. If you buy everything in cash, as I do, you have wealth. The Billionaires get the cash and the corporation gets the debt (so much debt that they will ultimately go bankrupt just as they did during the debt bubble).
A young woman once related to me how she is now in the middle class because she graduated college and now has a job and a $150,000 student loan that she will never be able to pay back. Welcome to the middle class!
You get the debt and the housing execs and car execs get the cash. The Chinese get the cash and the American consumer gets the debt. Chinese are literally buying up all of the good land and housing in the U.S with CASH. Owners of production and land gain wealth in a feudal society. Workers gain the debt.
Sixteen tons
And what do you get?
Another day older
And deeper in debt.
St. Peter don't you call me 'cause I can't go.
I sold my soul to the company store.
Your cognitive dissonance is profound. Debt can be a wonderful thing for the middle class and general economy if used and managed properly. Borrowing at zero percent when one has excess reserves is just good common business/economic sense. Borrowing money so that your kid can become a doctor is just good common business sense. Buying a house at low rates to live in, appreciate and be happy in for years to come is just great news for the individual, family and local economy.
If you don't do your due diligence, crap out on your loan, you get a bad mark on your credit score, and the rich and famous lose that money. So there!
The Chinese have bought every little hard assets, I expect them to buy much much more once they open up the economy and allow more capital transfers. This is good for US assets, business and good for our economy.
You keep all your USD as cash under your bed or in the bank?
What has happened is that the Federal government, especially the Democrats, encourage college entrants to take out as massive loans and then use that money to literally bid for a seat in a college. College tuition goes up because of the bidding war, the colleges get the cash, and the students get the debt. A trillion of debt at last counting. Another grand distortion brought to you by the QE Centrally Planned Economy. University execs LOVE it.
Don't blame other entities your former relative made many poor choices to rack up that much debt
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
