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By a very very long shot I am not the only one to make considerable gains via debt. And far from the last. And as I come to the conclusion of generating years, I no longer need or have any significant debt. Unless maybe zero interest.
Growth is money, stuff, health, happiness, security and improved standards of living, for more and more people. Much of which is fueled by debt.
So how did you doubled your net worth since 2009? Are salaries rising in America? Did you suddenly got a FULL TIME JOB that pays double then the one you previously had? No, I don't think so, the only way you managed to double your net worth since 2009 is thru "WEALTH EFFECT" sponsored by the FED. So your Arizona Real Estate counts into this am I righting? And let's not forget your stock gains which also have been INFLATED AND PUMPED with taxpayer money and taking more debt, stealing money from our kids and grandkids.
We DON'T NEED more debt Hoonose. What debt growth gives with one hand, it takes away with the other.
Recessions and Deflations are God's way of saying: "DON'T CONSUME! UNWIND YOUR DEBT! LET PRICES COME DOWN! OTHERWISE YOU ARE DEAD!"
So how did you doubled your net worth since 2009? Are salaries rising in America? Did you suddenly got a FULL TIME JOB that pays double then the one you previously had? No, I don't think so, the only way you managed to double your net worth since 2009 is thru "WEALTH EFFECT" sponsored by the FED. So your Arizona Real Estate counts into this am I righting? And let's not forget your stock gains which also have been INFLATED AND PUMPED with taxpayer money and taking more debt, stealing money from our kids and grandkids.
We DON'T NEED more debt Hoonose. What debt growth gives with one hand, it takes away with the other.
Recessions and Deflations are God's way of saying: "DON'T CONSUME! UNWIND YOUR DEBT! LET PRICES COME DOWN! OTHERWISE YOU ARE DEAD!"
definitely lag. Many of us haven't, either through luck, location, upbringing, vocation, education or other talents/wherewithal.
I have worked hard and long all my life, over 40 years now. And I learned long ago to save/invest on a regular basis. Thus I have been able to retire for some time now. Yes debt and yes the Fed and their policies have assisted me all along the way. Starting with an ARM in about 1980. Home, happiness, family, health and business.
Your economic bust will not help the less educated lower middle class blue collar, former industrial Midwestern worker/lagger.
And your understanding of the Fed and taxpayer money continues on in error.
definitely lag. Many of us haven't, either through luck, location, upbringing, vocation, education or other talents/wherewithal.
I have worked hard and long all my life, over 40 years now. And I learned long ago to save/invest on a regular basis. Thus I have been able to retire for some time now. Yes debt and yes the Fed and their policies have assisted me all along the way. Starting with an ARM in about 1980. Home, happiness, family, health and business.
Your economic bust will not help the less educated lower middle class blue collar, former industrial Midwestern worker/lagger.
And your understanding of the Fed and taxpayer money continues on in error.
Your phony wealth will evaporate as soon as interest rates are raised. Your DESERT ARIZONA HOUSE value will be cut in half....70% maybe, just like it was in 2008 before FED chose to steal money from the future to inflate housing market again. Same goes with you stock investments, 401K and etc. Over 30 years of inflation (growth and then over-growth through debt) and you think our medicine out of this mess should 'work' without pain. Sorry. The party is fun; but the depression and the sickness following the binge is a long painful process, getting rid of the poison in our system (the debt).
The 'growth-policy' of the FED is designed to avoid ending the party, to stretch the process out until real growth returns. But what if REAL growth can't return until the deflation (unwinding of debt) happens, until we actually face the reality that the party can't go on for ever? We have been stalling all this time but we haven't faced the Devil of Destruction yet. Either face Deflation now, or face it later, but it will be even more painful to face later when you make the process worse by taking on even more debt (toxic ingestions).
To get back to the starting point (the growth phase, not financed by more government debt) will be painful and dangerous. The party can't go on for ever. What happens when the government stops financing the stock market rally? What happens when the government can no longer manipulate the markets to try to keep the interest rates low?
This phony 'growth' process of the Fed is a form of cancer, that will eat up the body of the country with no REAL growth and with larger and larger debts. Karma is a debt; and all debt is karmic - the more debt you accrue, the more painful it is to pay back.
Deflation isn't the evil, if it is shared by the entire society – debt is the evil. Deflation is one of those painful cures that feels like the illness because it hurts so much.
Your phony wealth will evaporate as soon as interest rates are raised. Your DESERT ARIZONA HOUSE value will be cut in half....70% maybe, just like it was in 2008 before FED chose to steal money from the future to inflate housing market again. Same goes with you stock investments, 401K and etc. Over 20 years of inflation (growth and then over-growth through debt) and you think our medicine out of this mess should 'work' without pain. Sorry. The party is fun; but the depression and the sickness following the binge is a long painful process, getting rid of the poison in our system (the debt).
The 'growth-policy' of the FED is designed to avoid ending the party, to stretch the process out until real growth returns. But what if REAL growth can't return until the deflation (unwinding of debt) happens, until we actually face the reality that the party can't go on for ever? We have been stalling all this time but we haven't faced the Devil of Destruction yet. Either face Deflation now, or face it later, but it will be even more painful to face later when you make the process worse by taking on even more debt (toxic ingestions).
To get back to the starting point (the growth phase, not financed by more government debt) will be painful and dangerous. The party can't go on for ever. What happens when the government stops financing the stock market rally? What happens when the government can no longer manipulate the markets to try to keep the interest rates low?
This phony 'growth' process of the Fed is a form of cancer, that will eat up the body of the country with no REAL growth and with larger and larger debts. Karma is a debt; and all debt is karmic - the more debt you accrue, the more painful it is to pay back.
Deflation isn't the evil, if it is shared by the entire society – debt is the evil. Deflation is one of those painful cures that feels like the illness because it hurts so much.
Interest rates will rise and fall. As always. But I got in too low to lose enough to make a difference in/to my life when they do rise. And they will. I would hope for an uptick of a few percent medium term.
Some fool thinks that writing with red makes what they say become true.
BTW, my the value of my house did not drop in half in 2008. Maybe from peak to valley there was a 25% drop but even that was short lived. Now my house is a gold mine. Home construction has been down for many years and we are seeing the results....a booming market with increasing values. Twenty miles from me, houses cost twice what mine is worth. Plenty of people have lots of money and houses often sell for cash.
Interesting how the public sector jobs have taken a dive since Obama's been president. Unlike all the other presidencies, the public sector hasn't come back. Yet people say he's some kind of socialist.
Maybe you should give it a try then? Sounds like your post might be too good to be true though...
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