This is very good, explains how debt is evil and against god, robs people of morals that you can get anything for nothing and not work. Gives tips on how to survive and how to work during the crash. _________________
Man's like a candle in a candlestick,
Made up of tallow and a little wick;
Joined: Sep 06, 2004 Posts: 5315 Location: Smalltown New Zealand
Posted: Tue Jul 11, 2006 9:16 pm Post subject: Re: The Crash, The Coming Financial Colapse of America
Dukat_Reloaded wrote:
This is very good, explains how debt is evil and against god, robs people of morals that you can get anything for nothing and not work.
Usary used to be illegal for Christians, and Jews were denied most jobs so they turned to banking, hence the expulsion of the Jews in England so that King Edward I did not have to pay his debts. _________________ "Complex problems have simple, easy to understand, wrong answers." - Henry Louis Mencken
Posted: Tue Jul 11, 2006 9:30 pm Post subject: Re: The Crash, The Coming Financial Colapse of America
pezzz, Jack.
Hey use leverage and buy stocks and become rich like us, everyone is doing it, we're becoming rich doing nothing, they way it should be, yay!!.
Huh....we didn't realise we would have to begin paying it back. _________________
Man's like a candle in a candlestick,
Made up of tallow and a little wick;
Joined: Oct 18, 2004 Posts: 1927 Location: kiwibush
Posted: Tue Jul 11, 2006 11:25 pm Post subject: Re: The Crash, The Coming Financial Colapse of America
has it ever occurred to anyone of you critters that all this "high brow" witticism does the objective of this site a huge disservice...in driving away those more modest folks with no time to spare for the vagaries of a style of innuendo so much the hallmark of the American idle these days......try toning down your posts and actually addressing the core issue.....whether peak oil is in fact taking place or not. _________________ Bugger me, I hear oil's runnin out mate!
Posted: Tue Jul 11, 2006 11:35 pm Post subject: Re: The Crash, The Coming Financial Colapse of America
Jack wrote:
Dukat_Reloaded wrote:
debt is evil and against god, robs people of morals that you can get anything for nothing and not work.
You make all this sound as if it's a bad thing.
Evil...robs people of morals...get anything for nothing...not work.
Sign me up!
Me too! me too! me too!
rogerhb wrote:
Usary[sic] used to be illegal for Christians, and Jews were denied most jobs so they turned to banking, hence the expulsion of the Jews in England so that King Edward I did not have to pay his debts.
Usury (as in practice of lending money at unreasonably high rates of interest) is still illegal in Germany even for atheists.
The German word for this practice is Wucher ...
§ 138 BGB
Sittenwidriges Rechtsgeschäft; Wucher
(1) Ein Rechtsgeschäft, das gegen die guten Sitten verstößt, ist nichtig.
(2) Nichtig ist insbesondere ein Rechtsgeschäft, durch das jemand unter Ausbeutung der Zwangslage, der Unerfahrenheit, des Mangels an Urteilsvermögen oder der erheblichen Willensschwäche eines anderen sich oder einem Dritten für eine Leistung Vermögensvorteile versprechen oder gewähren lässt, die in einem auffälligen Missverhältnis zu der Leistung stehen. _________________ I am a sarcastic cynic. Some say I'm an asshole. Now that we have that out of the way ...
Last edited by Lighthouse on Tue Jul 11, 2006 11:56 pm; edited 3 times in total
Posted: Wed Jul 12, 2006 1:18 am Post subject: Re: The Crash, The Coming Financial Colapse of America
Lighthouse wrote:
The German word for this practice is Wucher ...
§ 138 BGB
Sittenwidriges Rechtsgeschäft; Wucher
(1) Ein Rechtsgeschäft, das gegen die guten Sitten verstößt, ist nichtig.
(2) Nichtig ist insbesondere ein Rechtsgeschäft, durch das jemand unter Ausbeutung der Zwangslage, der Unerfahrenheit, des Mangels an Urteilsvermögen oder der erheblichen Willensschwäche eines anderen sich oder einem Dritten für eine Leistung Vermögensvorteile versprechen oder gewähren lässt, die in einem auffälligen Missverhältnis zu der Leistung stehen.
Danke für die Aufklärung, I did not know this (never confronted with) - a really interesting thing. How should one assess whether this auffällige Missverhältnis is really present? Probably it should be done by the judge?
Posted: Wed Jul 12, 2006 1:43 am Post subject: Re: The Crash, The Coming Financial Colapse of America
sch_peakoiler wrote:
Lighthouse wrote:
The German word for this practice is Wucher ...
§ 138 BGB
Sittenwidriges Rechtsgeschäft; Wucher
(1) Ein Rechtsgeschäft, das gegen die guten Sitten verstößt, ist nichtig.
(2) Nichtig ist insbesondere ein Rechtsgeschäft, durch das jemand unter Ausbeutung der Zwangslage, der Unerfahrenheit, des Mangels an Urteilsvermögen oder der erheblichen Willensschwäche eines anderen sich oder einem Dritten für eine Leistung Vermögensvorteile versprechen oder gewähren lässt, die in einem auffälligen Missverhältnis zu der Leistung stehen.
Danke für die Aufklärung, I did not know this (never confronted with) - a really interesting thing. How should one assess whether this auffällige Missverhältnis is really present? Probably it should be done by the judge?
Hey, does any of you guys care translating for the rest? My German doens't go a lot further these days than "Ich habe ein Problem mit mein PC". At that point I pass the customer to one of the German techs.
Posted: Wed Jul 12, 2006 1:45 am Post subject: Re: The Crash, The Coming Financial Colapse of America
sch_peakoiler wrote:
Lighthouse wrote:
The German word for this practice is Wucher ...
§ 138 BGB
Sittenwidriges Rechtsgeschäft; Wucher
(1) Ein Rechtsgeschäft, das gegen die guten Sitten verstößt, ist nichtig.
(2) Nichtig ist insbesondere ein Rechtsgeschäft, durch das jemand unter Ausbeutung der Zwangslage, der Unerfahrenheit, des Mangels an Urteilsvermögen oder der erheblichen Willensschwäche eines anderen sich oder einem Dritten für eine Leistung Vermögensvorteile versprechen oder gewähren lässt, die in einem auffälligen Missverhältnis zu der Leistung stehen.
Danke für die Aufklärung, I did not know this (never confronted with) - a really interesting thing. How should one assess whether this auffällige Missverhältnis is really present? Probably it should be done by the judge?
Here §138BGB in English:
Tranlation of the German law: § 138. [Legal transaction against public policy; usury]?(1) A legal transaction which is against public policy is void.?(2) A legal transaction is also void whereby a person exploiting the need, carelessness or inexperience of another, causes to be promised or granted to himself or to a third party in exchange for a performance, pecuniary advantages which exceed the value of the performance to such an extent that, under the circumstances, the pecuniary advantages are in obvious disproportion to the performance.
Sorry but I could not translate this excerpt of a judgement:
Auszug aus einem aktuellen Urteil:
Die objektiven Voraussetzungen des Wuchertatbestands seien gegeben, weil ein auffälliges Mißverhältnis zwischen Leistung und Gegenleistung darin bestehe, daß der Vertragszins des Darlehens mehr als doppelt so hoch wie der marktübliche Vergleichszins sei. Dabei könne für den Vertragszins der von der Beklagten im Darlehensvertrag angegebene anfängliche effektive Jahreszins von 15, 32 % als Mindestgröße zugrunde gelegt werden, obwohl seine Berechnung nicht nachvollziehbar sei und der tatsächliche anfängliche effektive Jahreszins im Hinblick auf die erforderliche Einbeziehung der Vermittlungsgebühr, auf die Darlehenslaufzeit von nur 21 Monaten sowie auf die zeitlich gestreckte Darlehensauszahlung deutlich höher liegen müsse. Auch ein Vertragszins von 15, 32 % sei nämlich mehr als doppelt so hoch wie der marktübliche Vergleichszins von 7, 63 %. Dieser Vergleichszins sei der im Monatsbericht der Deutschen Bundesbank vom Oktober 1994 für den September 1994 angegebene Durchschnittszinssatz für Hypothekarkredite auf Wohngrundstücke mit zweijähriger Zinsbindung. Der deutlich höhere Durchschnittszins für Ratenkredite komme hier wegen der grundpfandrechtlichen Absicherung des Darlehens als Vergleichsmaßstab nicht in Betracht. Auch der höhere Durchschnittszins von 7, 86 % für zweijährige Hypothekarkredite mit variablen Zinssätzen scheide als Vergleichsmaßstab aus, weil die Vertragsklausel über die Zinsanpassung hinsichtlich möglicher Zinssenkungen nicht mehr als eine bloße Absichtserklärung der Beklagten enthalte. _________________ I am a sarcastic cynic. Some say I'm an asshole. Now that we have that out of the way ...
Joined: Mar 19, 2005 Posts: 825 Location: Bridge City
Posted: Wed Jul 12, 2006 6:45 am Post subject: Re: The Crash, The Coming Financial Colapse of America
americandream wrote:
has it ever occurred to anyone of you critters that all this "high brow" witticism does the objective of this site a huge disservice...in driving away those more modest folks with no time to spare for the vagaries of a style of innuendo so much the hallmark of the American idle these days......try toning down your posts and actually addressing the core issue.....whether peak oil is in fact taking place or not.
huh? what? you on that heron again? the hell? wtf? _________________ "if god doesn't exist, it is necessary that we invent him" - Voltaire
Joined: Sep 14, 2004 Posts: 6468 Location: Rural Virginia
Posted: Wed Jul 12, 2006 7:06 am Post subject: Re: The Crash, The Coming Financial Colapse of America
rogerhb wrote:
americandream wrote:
has it ever occurred to anyone of you critters that all this "high brow" witticism does the objective of this site a huge disservice.
And you shouldn't start sentences with and.
Just FYI: It's a myth, promulgated by inept lower-school English teachers, that sentences should never start with "and." Great literature (including the Bible, I believe) is replete with such sentences. (However, words referred to as words [such as "and" in your comment] should be in quotation marks or italics.) _________________ "Actually, humans died out long ago."
---Abused, abandoned hunting dog
"Things have entered a stage where the only change that is possible is for things to get worse."
---Me and my brother
Posted: Wed Jul 12, 2006 7:23 am Post subject: Re: The Crash, The Coming Financial Colapse of America
Heineken wrote:
rogerhb wrote:
americandream wrote:
has it ever occurred to anyone of you critters that all this "high brow" witticism does the objective of this site a huge disservice.
And you shouldn't start sentences with and.
Just FYI: It's a myth that sentences should never start with "and." Great literature (including the Bible, I believe) is replete with such sentences. (However, words referred to as words [such as "and" in your comment] should be in quotation marks or italics.)
Unfortunately the print run of a book has no relation to it's literary quality. The bible is nothing more than a collection of badly written short stories.
Starting a sentence with "and" or any other of the 7 conjunctions is not an easy task. Most writers try to avoid it (not Micky Spillane as far as I remember ...) Starting a sentence with a conjunction would make ones writing thoroughly monotonous. And one would probably not want to use such a construction in very formal contexts. _________________ I am a sarcastic cynic. Some say I'm an asshole. Now that we have that out of the way ...
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used to be illegal for Christians, and Jews were denied most jobs so they turned to banking, hence the expulsion of the Jews in England so that King Edward I did not have to pay his debts.
