You are not logged in. Please register or login.
- Topics: Active | Unanswered
Re: Bernanke says recession could end in 2009
The problem with an end game for the past, is that people who are good with their finances will be taken down with the ship. Rich people who've never worried for money too.
The entire country will go belly up for the 'trash' and 'negligent' people who do stupid shit like a few years ago, and make minimum wage, and then accept a $300,000 loan for a house, buy it, then the house gets repo'd in two months time, and their excuse... "they gave me the money". My response, "but you didn't have the money to PAY the bill", there's "yeah, but they were willing to give it to me".
These type of people are just fucking morons, and we'll all pay for them. A few years ago, before I returned to school, I had a nice paying job, and could've went out "during the boom" and got a loan for a Dodge Viper and a $250,000 home...
But I didn't. Why? Because I wouldn't have no savings. No breathing room. These are the things responsible people think of. Meanwhile, I got called stupid, and a cheap skate. But those same people, one in particular, is bankrupt right now [I am too (no bills for me tho)], but the difference is, I had enough money put back, that I paid for my bills for an ENTIRE YEAR out of my savings as I went through a transition process.
Am I perfect? No. But the point of the story is, is when you have a savings account that allows you to basically not work at all, and still make bills... you were doing something right at least in the short-term.
- Randall Flagg
- Rep: 139
Re: Bernanke says recession could end in 2009
It's never going to end. People want the good life but aren't willing to work for it. "People make choices and choices make people." That sums it up right there. If you make bad decisions, don't cry or play the victim when the door slams shut on your hand.
Not everyone is entitled to a good life. You have to earn it through blood and sweat. Yea, some people inherit billions or hit the powerball, but if that's your plan then I feel sorry for you (actually I don't, contempt or scorn would be better adjectives).
You don't have a right to a nice home or to own a car or have every channel cable offers. Those are luxuires. Hollywood and the Left have done a damn good job convincing people it's a right, but I'll remind you it's not.
The American dream is being self supportive and not relying on others. It's not having a $500,000 home and a 50" plasma in front of you with Olbermann on blaiming the successful for all of our problems while you make 12$ an hour.
I had to learn the hard way so please don't tell me I'm preaching from a pedistal. My family was straight middle class in Appalachia. When I was growing up my family's combined income was maybe, maybe over 50k when I was in high school. It was probably around 40k for most of my youth. As I've said before, I was a complete retard in college and racked up about 55k in debt just boozing and buying food. That's right, I had about fifty-five thousand dollars in debt because I had a credit card that I swiped at the blink of an eye. I took out loans to pay off the credit card. My money didn't goto college because I was on a full scholarship that paid, tuition, room and board and gave me a monthly stipend of around 300$. So I openly admit I was a fucking moron and as I said, I had to learn the hard way.
No one helped me at all. I worked as a janitor cleanging up a women's toilet filled with shit, a customer service rep for a cable company, poured concrete and sold video games at Game Stop to make ends meet. All this while being shunned by my family because I got kicked out of ROTC my senior year of college for a bullshit reason (that eventually brought me back to college 2 years later, but that's a different story for a different time).
When I finally got into the Army I had an apartment on the badside of town where I was woken up all the time because white trash were having domestic disputes and lived off of grilled cheese sandwiches and Chef Boy Ardee or however you spell it.
It took all of that to make me, a pretty intelligent guy to finally get it. And shit, I still buy shit I don't need like the new Harley I ordered 3 weeks ago but at least now I can manage my finances and not live paycheck to paycheck.
Amercia at large has forgotten this and people feel they have a right to a standard of living they can't/won't earn on their own. Anyone who says this is mocked or ridiculed. I learned along time ago that people don't want to be free. True freedom requires that you not be dependent on others for your lifestyle. People want the freedom of comfort which is what they're going to get when the welfare state comes to fruition in the next 20 years if not sooner.
So the next time you charge your dinner because you don't have the money to pay for it outright or buy that car/house/whatever that you can't really afford but delude yourself into thinking you'll just cut expenses elsewhere, recognize that you're part of the problem. Having debt isn't a bad thing as long as its manageble, but if after you've calculated your monthly finances and added in all the luxuries (boozing out, fast food, etc.) you better still have a nice cushion (1,000$ at least) so that when shit really does happen and you're removed from the curtain of comfort that is America, you don't have to come to others to bail your ass out.
- Randall Flagg
- Rep: 139
Re: Bernanke says recession could end in 2009
Oh yea, I haven't been gone anywhere Axlin. I still check in about once a day. 5 more months till this deployment is over and I can join the rest of you in the civlized world once again. But as I feared, once CD came out, the forums kind of died off which in turned cut the amount of moronic posts that required The Walkin' Dude to add his opinion 
.
Re: Bernanke says recession could end in 2009
It's never going to end. People want the good life but aren't willing to work for it. "People make choices and choices make people." That sums it up right there. If you make bad decisions, don't cry or play the victim when the door slams shut on your hand.
Not everyone is entitled to a good life. You have to earn it through blood and sweat. Yea, some people inherit billions or hit the powerball, but if that's your plan then I feel sorry for you (actually I don't, contempt or scorn would be better adjectives).
You don't have a right to a nice home or to own a car or have every channel cable offers. Those are luxuires. Hollywood and the Left have done a damn good job convincing people it's a right, but I'll remind you it's not.
The American dream is being self supportive and not relying on others. It's not having a $500,000 home and a 50" plasma in front of you with Olbermann on blaiming the successful for all of our problems while you make 12$ an hour.
I had to learn the hard way so please don't tell me I'm preaching from a pedistal. My family was straight middle class in Appalachia. When I was growing up my family's combined income was maybe, maybe over 50k when I was in high school. It was probably around 40k for most of my youth. As I've said before, I was a complete retard in college and racked up about 55k in debt just boozing and buying food. That's right, I had about fifty-five thousand dollars in debt because I had a credit card that I swiped at the blink of an eye. I took out loans to pay off the credit card. My money didn't goto college because I was on a full scholarship that paid, tuition, room and board and gave me a monthly stipend of around 300$. So I openly admit I was a fucking moron and as I said, I had to learn the hard way.
No one helped me at all. I worked as a janitor cleanging up a women's toilet filled with shit, a customer service rep for a cable company, poured concrete and sold video games at Game Stop to make ends meet. All this while being shunned by my family because I got kicked out of ROTC my senior year of college for a bullshit reason (that eventually brought me back to college 2 years later, but that's a different story for a different time).
When I finally got into the Army I had an apartment on the badside of town where I was woken up all the time because white trash were having domestic disputes and lived off of grilled cheese sandwiches and Chef Boy Ardee or however you spell it.
It took all of that to make me, a pretty intelligent guy to finally get it. And shit, I still buy shit I don't need like the new Harley I ordered 3 weeks ago but at least now I can manage my finances and not live paycheck to paycheck.
Amercia at large has forgotten this and people feel they have a right to a standard of living they can't/won't earn on their own. Anyone who says this is mocked or ridiculed. I learned along time ago that people don't want to be free. True freedom requires that you not be dependent on others for your lifestyle. People want the freedom of comfort which is what they're going to get when the welfare state comes to fruition in the next 20 years if not sooner.
So the next time you charge your dinner because you don't have the money to pay for it outright or buy that car/house/whatever that you can't really afford but delude yourself into thinking you'll just cut expenses elsewhere, recognize that you're part of the problem. Having debt isn't a bad thing as long as its manageble, but if after you've calculated your monthly finances and added in all the luxuries (boozing out, fast food, etc.) you better still have a nice cushion (1,000$ at least) so that when shit really does happen and you're removed from the curtain of comfort that is America, you don't have to come to others to bail your ass out.
I think alot of people in this country should just read a book or two Dave Ramsey wrote. His stuff is common sense: If ya ain't got the money, don't spend it. You don't need a credit card. All they do is bring you debt. All you need is a Debit card. Draws right from you checking account.
Re: Bernanke says recession could end in 2009
Oh yea, I haven't been gone anywhere Axlin. I still check in about once a day. 5 more months till this deployment is over and I can join the rest of you in the civlized world once again. But as I feared, once CD came out, the forums kind of died off which in turned cut the amount of moronic posts that required The Walkin' Dude to add his opinion
I've always enjoyed your analytical and intelligent posts.
The Dude is always welcome. Fuck the nihilists. 
