Remember that 2008 subprime loan disaster? Guess what?
Posted: Fri, 20 Feb 2015 10:53:20
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Remember that 2008 subprime loan disaster? Guess what?
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Re: Remember that 2008 subprime loan disaster? Guess what?
Posted: Fri, 20 Feb 2015 13:09:21
Re: Remember that 2008 subprime loan disaster? Guess what?
Posted: Fri, 20 Feb 2015 21:49:45
Yup. People will always want what they can't afford.
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Re: Remember that 2008 subprime loan disaster? Guess what?
Posted: Sat, 21 Feb 2015 00:30:20
We have not learned the lessons from 2008 and we are doomed to repeat them. I knew I would be young enough to experience another sharp downturn in my lifetime; I just didn't think we would rush to make it happen so quickly.
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Re: Remember that 2008 subprime loan disaster? Guess what?
Posted: Sat, 21 Feb 2015 00:54:36
This is what happens when you have idiots in position of authority trying to artificially inflate the economy.
The true source of my bewilderment is, why would they want to stimulate inflation when inflation weakens the dollar?
My first guess would be they are not really idiots, but brilliant. They do it so so they can make you think you are earning more by giving you numerically more dollars, leading you to have trouble believing or even realizing that you are earning less and have less buying power.
Weak people are easier to control and are more willing to give things up when they think they are doing well. This in turn gives more power to the elite ruling class. Since the FED controls the money... I am assuming they are the ones profiting the most and gaining the most power.
Of course, this is all an "I think". But its the most plausible conclusion IMHO.
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The true source of my bewilderment is, why would they want to stimulate inflation when inflation weakens the dollar?
My first guess would be they are not really idiots, but brilliant. They do it so so they can make you think you are earning more by giving you numerically more dollars, leading you to have trouble believing or even realizing that you are earning less and have less buying power.
Weak people are easier to control and are more willing to give things up when they think they are doing well. This in turn gives more power to the elite ruling class. Since the FED controls the money... I am assuming they are the ones profiting the most and gaining the most power.
Of course, this is all an "I think". But its the most plausible conclusion IMHO.
[ Post made via Mobile Device ]
Re: Remember that 2008 subprime loan disaster? Guess what?
Posted: Sat, 21 Feb 2015 01:02:15
I was looking at diamond rings, the other day. The sales lady immediately offered to finance one. I told her that I had no interest in putting myself in debt over a piece of jewelry. Not 30 seconds later, GF expressed interest in an emerald ring, and that sales lady was offering to finance that, too. 10 minutes later, we were buying a different piece of jewelry, and this broad is trying to get us to finance THAT.
If you can't buy a $100 ring without being hounded to finance the stupid thing, what must it be like when you're one a used car lot, looking at a $8,000 vehicle?
Shortly before the last crash, I was installing an alarm system in a real estate office. All 3 of us, on that installation team, got aggressively pitched. Damn agent was ready to approve me on a loan, and I hadn't even looked at a single house; I wasn't even looking to buy one.
Also, everywhere you look or listen, you constantly see and hear about all the wonderful things that you "deserve", because you are "worth it ".
It's ridiculous. It's no wonder, to me, that we're heading for another crash. Remember the government reaction, last time? Just wait until this next one...
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If you can't buy a $100 ring without being hounded to finance the stupid thing, what must it be like when you're one a used car lot, looking at a $8,000 vehicle?
Shortly before the last crash, I was installing an alarm system in a real estate office. All 3 of us, on that installation team, got aggressively pitched. Damn agent was ready to approve me on a loan, and I hadn't even looked at a single house; I wasn't even looking to buy one.
Also, everywhere you look or listen, you constantly see and hear about all the wonderful things that you "deserve", because you are "worth it ".
It's ridiculous. It's no wonder, to me, that we're heading for another crash. Remember the government reaction, last time? Just wait until this next one...
[ Post made via Mobile Device ]