I think this is the beginnings of an economy based on perpetual growth and fossil fuel energy running headlong into geological energy constraints. Basically I see an undulatory downward path for the rest of my life. From here out, I think any rallies in our economic condition are going to be met with spiking commodity prices that knock us right back down.
Posted: Mon Feb 11, 2008 2:31 pm Post subject: Re: Government takes over US mortgage industry
MarkJames wrote:
Fortunately through offshoring, outsourcing efficiency and automation, costs can lowered and employees can be eliminated.
Unfortunately this can only last so long as history has proven over and over again. When the general mass of population gets pushed into a corner they often revolt with often RADICAL choices for their nations future direction. (Or they can just shut up and die Irish/Ukraine/Indian/Chinese famines)
Bad decisions may include a selection of wealthy go getters heads sitting on top of a wooden pikes, followed by the pathological butchering of undesirables usually some minority.
What the heck no job? Let them eat cake !! _________________ "Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
Posted: Mon Feb 11, 2008 2:33 pm Post subject: Re: Government takes over US mortgage industry
threadbear wrote:
MarkJames wrote:
threadbear wrote:
By the entitlement crowd, do you mean CEO's.
The entitlement mentality crowd I'm speaking of are primarily the low income people that think the world owes them a living. They believe in redistribution of wealth, they're generally opposed to free market capitalism and blame everyone but themselves for their shortcomings, failures and their lower standard of living. They love to bash people that have worked hard, saved money and made wise investments. They also find great comfort commiserating with others in their situation that believe the government, the state, big business and the wealthy are conspiring to hold them down. Many will never come to the realization that they're poor attitudes, drug use, criminal backgrounds, driving records, spending habits and lack of discipline, skills, education and work ethic is preventing them from becoming successful.
There are very few people who meet this description.Most people critical of your backward system are what you would describe as successful.
Very true. A quick look at Red and Blue states tells you alot. _________________ "Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
Ill take your lack of response as acquiescing to my position.
Just add it to your list of delusions. No skin off my nose. _________________ "Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
As home prices fall and banks tighten lending standards, people with good, or prime, credit histories are falling behind on their payments for home loans, auto loans and credit cards at a quickening pace, according to industry data and economists
_________________ “It does not do to leave a live dragon out of your calculations, if you live near him.”
Joined: May 18, 2006 Posts: 4753 Location: Minneapolis, MN
Posted: Tue Feb 12, 2008 9:05 am Post subject: Re: Government takes over US mortgage industry
Quote:
The entitlement mentality crowd I'm speaking of are primarily the low income people that think the world owes them a living. They believe in redistribution of wealth, they're generally opposed to free market capitalism and blame everyone but themselves for their shortcomings, failures and their lower standard of living. They love to bash people that have worked hard, saved money and made wise investments. They also find great comfort commiserating with others in their situation that believe the government, the state, big business and the wealthy are conspiring to hold them down. Many will never come to the realization that they're poor attitudes, drug use, criminal backgrounds, driving records, spending habits and lack of discipline, skills, education and work ethic is preventing them from becoming successful.
Untill you lose your job, get old, develop heath problems, lose your medical insurance, your spouse dies, you get in a serious auto accident, your investments turn to crap, ete!
Of course it can't happen to you.
Posted: Tue Feb 12, 2008 11:53 am Post subject: Re: Government takes over US mortgage industry
Concerned wrote:
MarkJames wrote:
Fortunately through offshoring, outsourcing efficiency and automation, costs can lowered and employees can be eliminated.
Unfortunately this can only last so long as history has proven over and over again. When the general mass of population gets pushed into a corner they often revolt with often RADICAL choices for their nations future direction.
Downsizing, offshoring, outsourcing and wageless robotic production can go on as long as people pay taxes, people spend money and as long as we continue to have jobs, self employment opportunities and social programs.
vision-master wrote:
The entitlement mentality crowd I'm speaking of are primarily the low income people that think the world owes them a living. They believe in redistribution of wealth, they're generally opposed to free market capitalism and blame everyone but themselves for their shortcomings, failures and their lower standard of living. They love to bash people that have worked hard, saved money and made wise investments. They also find great comfort commiserating with others in their situation that believe the government, the state, big business and the wealthy are conspiring to hold them down. Many will never come to the realization that they're poor attitudes, drug use, criminal backgrounds, driving records, spending habits and lack of discipline, skills, education and work ethic is preventing them from becoming successful.
Until you lose your job, get old, develop heath problems, lose your medical insurance, your spouse dies, you get in a serious auto accident, your investments turn to crap, ete!
Of course it can't happen to you. [/quote]
I'm talking about Able-Bodied people, not people that can't work, won't work or can only perform limited tasks due to injury, physical or mental disability.
Of course many people with a high amount of debt without insurance, savings, assets and diverse investments are often SOL due to their debt load or divorce, child support, injury, death, disability, sickness, job loss, foreclosure, home repairs, vehicle repairs, fire, theft, vandalism etc.
Many of the homes, many of the building lots and much of the acreage I've purchased from distressed owners, or through county tax auctions and bank foreclosures are due to a number of these issues.
I'll take your lack of response as acquiescing to my position.
Just add it to your list of delusions. No skin off my nose.
First you call me a liar. Then when I ask a very simple question about what I am lying about, you blow me off and call me delusional. Is it possible for you to have a rational conversation on these boards, or do you just spend you time flinging insults at people and wrapping yourself in a blanket of self-righteousness? _________________ The oil barrel is half-full.
Joined: Nov 06, 2007 Posts: 741 Location: Illinois
Posted: Tue Feb 12, 2008 3:05 pm Post subject: Re: Government takes over US mortgage industry
threadbear wrote:
"Wow. There's so much bullshit in that post I don't know where to start."
Quote--Kublikhan
You too are insulting.
I can at least form a rational argument. Concerned just calls me a delusional liar with no rational argument whatsoever. _________________ The oil barrel is half-full.
Posted: Wed Feb 13, 2008 6:06 am Post subject: Re: Government takes over US mortgage industry
kublikhan wrote:
threadbear wrote:
"Wow. There's so much bullshit in that post I don't know where to start."
Quote--Kublikhan
You too are insulting.
I can at least form a rational argument. Concerned just calls me a delusional liar with no rational argument whatsoever.
I was and continue to be wrong. You have presented a factually correct ironclad discussion of your views. Your views are beyond question or reproach.
My apologies for challenging you, I stand corrected and converted on every point you have raised. _________________ "Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
Posted: Wed Feb 13, 2008 3:24 pm Post subject: Re: Government takes over US mortgage industry
kublikhan wrote:
Concerned wrote:
My apologies for challenging you, I stand corrected and converted on every point you have raised.
And I wish you luck with your proletariat revolution. Death to the bourgeoisie!
There won't be that sort of revolution. People are too fragmented, isolated both socially and at work. Die-off will be the revolution.
Unless your analysis says otherwise of course. _________________ "Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
Joined: Nov 06, 2007 Posts: 741 Location: Illinois
Posted: Wed Feb 13, 2008 4:22 pm Post subject: Re: Government takes over US mortgage industry
Concerned wrote:
Unless your analysis says otherwise of course.
Again with the mocking. My initial post you responded to was a listing of facts and calculations. You respond with off topic rhetoric and a lack of reading comprehension. If one of my facts is wrong then correct it. Otherwise all of your talk of hypocrisy, delusions, and lies is nothing but hot air blowing our your orifice(take your pick which one). Truth talks. BS walks. _________________ The oil barrel is half-full.
Posted: Thu Feb 14, 2008 3:22 am Post subject: Re: Government takes over US mortgage industry
kublikhan wrote:
Concerned wrote:
Unless your analysis says otherwise of course.
Again with the mocking. My initial post you responded to was a listing of facts and calculations. You respond with off topic rhetoric and a lack of reading comprehension. If one of my facts is wrong then correct it. Otherwise all of your talk of hypocrisy, delusions, and lies is nothing but hot air blowing our your orifice(take your pick which one). Truth talks. BS walks.
Well lets just say let the "facts" speak for themselves
By the way I did confess all my errors and acquiesce completely to your point of view.
Really I did.
Im serious, no joke, you've got the 100% "facts" man. You ROCK, you're a sage an oracle, you're the best. I didn't know I was so wrong, so out of kilter till I started reading "your facts".
Thank the lord for PO.com a little bit of revelation every day. _________________ "Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
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