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Cashmere
Light Sweet Crude
Joined: Mar 27, 2008
Posts: 1971
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 Posted: Wed Jul 23, 2008 11:54 pm Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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Watching that video was like doing one of those "how many things are wrong with this picture" puzzles in highlights.
1. Coke can on counter.
2. Fat.
3. Smokes. A lot.
4. 2 Dogs.
5. "Bought" house no money down, despite 25k in credit card debt.
6. 10k in penalties and fees in mortgage.
7. Tapped into 401k to pay those fees.
8. Refied house and rolled CC debt into mortgage - I call this the 30 year amortization of the cheezeburger. G-d bankers suck.
9. Got unexpected tax bill on 401k withdrawal.
10. Pay 3k to IRS with new CC.
11. Refied repeatedly from 135 buy price to 228 "appraisal".
12. Freeloader son living at home smoking, with own dog.
Did I miss any?
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Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group. |
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SILENTTODD
Intermediate Crude
Joined: May 06, 2006
Posts: 873
Location: Tustin, CA
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| Posted: Wed Jul 23, 2008 11:54 pm Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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Most Americans are Stupid like this. But if they are anything like their progenitors, they wake up and come around fast!
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Skeptical scrutiny in both Science and Religion is the means by which deep thoughts are winnowed from deep nonsense-Carl Sagan |
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alpha480v
Heavy Crude
Joined: Jan 29, 2005
Posts: 320
Location: Western NY
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| Posted: Thu Jul 24, 2008 2:57 am Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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| I have no sympathy for people like this. Nobody forced her to take on all that debt. Live within your means. What a novel concept. |
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hope_full
Heavy Crude
Joined: May 27, 2008
Posts: 254
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| Posted: Thu Jul 24, 2008 5:57 am Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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| Quote: | Watching that video was like doing one of those "how many things are wrong with this picture" puzzles in highlights.
1. Coke can on counter.
2. Fat.
3. Smokes. A lot.
4. 2 Dogs.
5. "Bought" house no money down, despite 25k in credit card debt.
6. 10k in penalties and fees in mortgage.
7. Tapped into 401k to pay those fees.
8. Refied house and rolled CC debt into mortgage - I call this the 30 year amortization of the cheezeburger. G-d bankers suck.
9. Got unexpected tax bill on 401k withdrawal.
10. Pay 3k to IRS with new CC.
11. Refied repeatedly from 135 buy price to 228 "appraisal".
12. Freeloader son living at home smoking, with own dog.
Did I miss any? |
13. When her father died, she went shopping to console herself.
Note all the crap around the house. Nary an open spot, for it is all covered in things that are euphemistically called "knick knacks" aka, trash and junk and garbage. Dollar-sucking trash and junk and garbage. As someone else said, "chronic shopper." Bad, bad, news.
14. Starbucks drinks on the outdoor table.
One of the problems with our current generation is that they're unable to deny themselves ANYTHING, even (apparently) when drowning in debt. Geez, can you imagine these people surrendering their cast-iron skillets for the scrap drive, as the 1940s generation was forced to do? They can't give up their frappuccinos, much less anything important. |
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some_guy282
Intermediate Crude
Joined: Jul 18, 2004
Posts: 691
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| Posted: Thu Jul 24, 2008 7:20 am Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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| Cashmere wrote: | Watching that video was like doing one of those "how many things are wrong with this picture" puzzles in highlights.
1. Coke can on counter.
2. Fat.
3. Smokes. A lot.
4. 2 Dogs.
5. "Bought" house no money down, despite 25k in credit card debt.
6. 10k in penalties and fees in mortgage.
7. Tapped into 401k to pay those fees.
8. Refied house and rolled CC debt into mortgage - I call this the 30 year amortization of the cheezeburger. G-d bankers suck.
9. Got unexpected tax bill on 401k withdrawal.
10. Pay 3k to IRS with new CC.
11. Refied repeatedly from 135 buy price to 228 "appraisal".
12. Freeloader son living at home smoking, with own dog.
Did I miss any? |
I found it funny that the son of the other one was an accountant. An accountant who can give his mother money, but can't prevent her from making some very bad financial decisions....
_________________
In individuals, insanity is rare; but in groups, parties, nations, and epochs it is the rule. – Nietzsche
Time makes more converts than reason. – Thomas Paine
History is a set of lies agreed upon. – Napoleon Bonaparte |
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tex123
Tar Sands
Joined: May 26, 2008
Posts: 52
Location: north texas
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| Posted: Thu Jul 24, 2008 4:46 pm Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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1) I think people such as this are following the example set by the leadership of this country. If the leaders are not financially responsible why should the people be?
2)Did anyone else find that reporter scary? |
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jbrovont
Intermediate Crude
Joined: Jun 16, 2006
Posts: 700
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| Posted: Thu Jul 24, 2008 4:57 pm Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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Bingo. And in more recent history, how can we be surprised considering Harken, Silverado and the Rangers? Bankrupt. Now the US is bankrupt. 
Could there possibly be a connection here?
| tex123 wrote: | 1) I think people such as this are following the example set by the leadership of this country. If the leaders are not financially responsible why should the people be?
2)Did anyone else find that reporter scary? |
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nobodypanic
Intermediate Crude
Joined: Jun 02, 2008
Posts: 598
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| Posted: Thu Jul 24, 2008 5:15 pm Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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| tex123 wrote: | 1) I think people such as this are following the example set by the leadership of this country. If the leaders are not financially responsible why should the people be?
2)Did anyone else find that reporter scary? |
bingo, and it isn't just our nation's leadership: look at the GD banks themselves; they're not exactly models of responsibility either.
if institutions chock full of the most 'brilliant' minds in finance can't keep from F'ing themselves w/money, how in the hell does anyone expect joe average to do it?
(i'd rather defualt on a CC than roll it into my mortgage. poor schlub.) |
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Ludi
NeoMaster
Joined: Dec 27, 2004
Posts: 13064
Location: naive idiot fantasy world
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| Posted: Thu Jul 24, 2008 5:48 pm Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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As someone who is desperately afraid of debt, I have trouble understanding people like this. What are they thinking? I know, I know - they aren't thinking....
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"...powerdown so soft and fluffy you'll think you're living in a pillow." - jboogy |
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Starvid
Fission
Joined: Feb 20, 2005
Posts: 2877
Location: Uppsala, Sweden
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| Posted: Thu Jul 24, 2008 5:52 pm Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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Maybe we should just ban consumer credit and be done with it?
_________________
Peak oil is not an energy crisis. It is a liquid fuel crisis. |
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3aidlillahi
Intermediate Crude
Joined: Mar 25, 2008
Posts: 804
Location: Alif Lam Mim
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| Posted: Thu Jul 24, 2008 6:07 pm Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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15. Starbucks and Yohoo's as well as the expensive kinds of chips or crackers in the shelfs. Can't tell what brand but definitely not the store brand (which is still expensive for what you get nutritionally).
16. She went TV shopping when in the hospital.
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Riches are not from abundance of worldly goods, but from a contented mind. |
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nobodypanic
Intermediate Crude
Joined: Jun 02, 2008
Posts: 598
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| Posted: Thu Jul 24, 2008 6:19 pm Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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| Ludi wrote: | | As someone who is desperately afraid of debt, I have trouble understanding people like this. What are they thinking? I know, I know - they aren't thinking.... |
cultural conditioning. we're bombarded from the instant we're born with the system's imperative: consume!!!!!!!! |
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Snowrunner
Intermediate Crude
Joined: Aug 24, 2005
Posts: 644
Location: Screwed
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| Posted: Thu Jul 24, 2008 11:57 pm Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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| nobodypanic wrote: | | Ludi wrote: | | As someone who is desperately afraid of debt, I have trouble understanding people like this. What are they thinking? I know, I know - they aren't thinking.... |
cultural conditioning. we're bombarded from the instant we're born with the system's imperative: consume!!!!!!!! |
Add to this the: "Government bad, Private sector good!" mentality too.
Whatever the Government does is a waste of (your) Money, whatever a private enterprise does is good for everyone, even if your service is suddenly thrice as much.
Good luck to whoever takes over in January, I doubt anybody is going to trust him. |
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Byron100
Intermediate Crude
Joined: Sep 08, 2005
Posts: 764
Location: Atlanta, GA
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| Posted: Fri Jul 25, 2008 3:56 am Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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| Starvid wrote: | | Maybe we should just ban consumer credit and be done with it? |
+1
To me, allowing the "unwashed masses" (like the woman in that vid) to have virtually unlimited access to credit is like allowing drug dealers sell their wares in a high school cafeteria....do you think the kids would "just say no" if it was 100% legal and most everyone else was doing it without regard to the consequences? Of course not...this would be sheer lunacy.
Consumer credit needs to be viewed in the same light. If there's one thing I'm looking forward to in the coming depression is the end of easy credit...golly, I just can't wait! 
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Nowhere to run, nowhere to hide...
...and the meek shall inherit the Earth! |
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cube
Fusion
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Joined: Mar 12, 2005
Posts: 3776
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| Posted: Fri Jul 25, 2008 5:39 am Post subject: Re: Given a Shovel, Americans Dig Deeper Into Debt |
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| Byron100 wrote: | | Starvid wrote: | | Maybe we should just ban consumer credit and be done with it? |
+1
To me, allowing the "unwashed masses" (like the woman in that vid) to have virtually unlimited access to credit is like allowing drug dealers sell their wares in a high school cafeteria....do you think the kids would "just say no" if it was 100% legal and most everyone else was doing it without regard to the consequences? Of course not...this would be sheer lunacy. |
So basically you advocate a dictatorship then?
You do not think the "unwashed masses" have the discipline to make decent decisions so therefore the benevolent hand of the mighty government should step in and do the decision making for them.
Is that what you're saying or am I off? |
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