how is your life financially
i see that some members here have some crazy houses. and some are more like me and just have a nice house in or around the city.
i know that things have been crazy as far as rising prices. and job loss
i was just wondering. what do you guys do for a living.. what kind of money are you pulling. and who do you live with
to answer my own question.. i live in city that is hard to describe.. most of the cities surrounding mine are on the mountains and in the woods. so they are huge beautiful houses
my city itself has turned into a dump in the past 15 years.. luckily my street and neighborhood is alright. but at night time its a pretty crazy city.. my parents both make decent money. and i see that if i get myself a new job right now. and make more money. i will be able to save a lot more and really have a nice future ahead of me
(http://i10.photobucket.com/albums/a120/orbymail/16e0b08a.jpg)
thats downtown wilkes barre. its a pretty big city. but the downtown is just a small piece
if you follow that river to the left for about a mile. that is where i live.. about 2 minutes driving distance from what you see in that picture..
I live in a small town in Tennessee with my kids. I own my house,I am a photographer,and I make pretty good money. lol But granted I make pretty good money,I still have debt that I am working off. I honestly hate the stress that owning shit comes with.
yes. your house is beautiful.
I live in a "decent" town.... It's small and it hasn't been thriving very well over the last 10 years. I live with my husband and my children.... He works in a factory and makes the best money he can in this town. I have been working on the photography aspect, and it is FINALLY going somewhere. I guess I was a little nervous to get my stuff out there.. and now that I've shown a tad of it.. I have shoots lined up. =o) So, I will be making pretty good money as well. That will help out immensly. Both of our cars are beaters, but they are good to get us where we need to go, and they are paid off... NO DEBT with that at all. We have no credit cards... we have none of that bullshit. The money that comes in pays utilities and house payment, and the rest is in our pockets. Sometimes I think I'd love a new car.... but then I stop and think about the car payment, and to be honest with you, I'm happy not paying the extra when I don't fucking have to. =o) So all in all, I'd say we are fairly comfortable.
i'm really just trying to find good ways of making money when you are young. im trying to get a new job. and i was looking for advice
my one friend is loaded. he inspires me to be rich as fuck as well.. he might open a beer distributor. and if he does. i'll be set with a good job
i live in apartment, not house. Here nobody lives in houses. It's not very large (as far as i can see about ~70 square meters? i believe that is), and we have 4 members in our family.
yeah, we have house 7 km from our town with big territory that also belongs to us (that gives good crop every year, i think about a half square km, maybe more) near the city. But it's not cool at all. There is no phone system there even. And our house is pretty old.
But i'm happy. We [family] don't spend much on useless things, so we all have pretty much cash at any moment of time. So i can drink the best beer i can find ;)
I live in a small midwest town with tons of corn fields, churches, bars, and hair salons, lol. I live with my husband and our 3 daughters, in a decent house, my vehicle is completely paid off, we have a mortgage, and the husband has his truck payment, which he is trying to get rid of, a Dodge Ram V-8 HEMI, as we have found a nice old farmhouse in the country on almost 3 acres with barns and outbuildings and all that, which we want really bad! Umm, we have some credit card debt, but nothing major. He works as a Manufacturing Engineering technician and makes the best available wage for this area, which is good. I work in a hair salon on Saturdays, but am trying to figure out babysitting arrangments so I can move to a better salon with better clientele, which will bring in more money for me :). I also do my friends' hair at home. I guess that's it... :-\
If you dont mind going to war, you can save a lot of money in the military. When you are deployed all of your income is tax free. Plus you start getting all kinds of combat pay. And you dont have a god dam thing to spend it on. So it just goes into you band account and stays there. I would say on average. If you are forward deployed to a base that doesn't have a PX. You will come home with 20,000 in your bank account.
But obviously education is a good ticket to more money. Not like a philosophy degree or something useless. But law or medical degree. Something like that. A degree that serves a specific purpose. Also though just how you invest your money will make a huge difference. If anyone on this board doesn't have some sort of an IRA , go slap yourself and then get one. There are lots of very low risk programs out there that will return your money anywhere from 7-14% if you just look for them. Its just really important not to have your money in a savings account that maybe gets 1% interest when inflation is at 5%. You are losing money by having it sit there. Make sure that your money is always returning higher than, or at least equal to inflation.
I have money,and my kids have savings accounts out at the TVA credit union (government) and it gets 5% interest.
i have a 2000 year old ancient hebrew knife that my grandma left me...
watch for the "Forbes" cover coming soon
Quote from: devilinside on Jul 04, 2008, 02:24 AM
I have money,and my kids have savings accounts out at the TVA credit union (government) and it gets 5% interest.
dam. That is realy really goog for a savings account. But I still think that is lower than inflation. Inflation is stupid high right now
I live in a city of roughly 100,000 people, in an apartment that's located on the crossing of two intersecting main streets. Lived there with my girlfriend since mid-may. The rent isn't too bad considering the location and size of the apartment and we're paying it together so it's even less.
I work as a mechanical designer and the salary is quite good even though I'm still a trainee. When I graduate on october (hopefully), my salary rises probably even 50%, I'd guess. So I'm doing good even though lately I've been spending a shitload of money on our moving and all those festivals and other happenings.
All in all, things have changed a bit since times in school and now I don't have to worry if a second beer drives me bankrupt.
As most of you know already, I live in HK.
I'm working in a bank here, and life here is not that expensive, so I'm pretty much OK with my money earnings...
My broke student time is long gone now, and thank god for that....
I live in windy wellington. Imn a part time teacher and work the other half for a educational toy company .
I make OK money. My gf and I own our own house. We have a shitty mortgage. My gf makes more money than me, so we live pretty well (that'll change when I knock her up though). I still have a student loan, but my gf doesn't. We're both pretty good with money (Kirsty's better though).
Wellington's nice. We have an awsome harbour , fuck all crime. meth (we call it P) has only really come here (about two years ago), heaps of live music, the best super 12 rugby team on the planet (Hurricanes), and heaps of things to do (hikes, fishing trips, surfing etc). It gets pretty fucking cold here though.
We have crazy wind turbines, lots of hills and heaps of earthquakes (one of our main highways is on reformed land ON a faultline!!!).
(http://www.aslak.eu/wordpress/wp-content/wellington.jpg)
Thats our harbor city
i live in a mid size city, and work for the red cross. its pretty decent money, i am able to afford most everything we need. i own my own home and have two cars. I have fuckloads of student debt that i cant wait to get rid of (only 4 more years ;D). I went to school for medical technology and am a board certified medical technologist (basically a glorified lab rat). go to school kids (university, trade, etc.), its worth it
Ooh thats pretty!
Here's my tiny town...lol
(http://www.portlandtn.com/aerial3b.jpg)
all i could ever want in life is more money and machines of man.
ever.
i live in a box outside a fast food restaurant, i cry myself to sleep, and i pee myself at the thought of my mother.
...other than that i'm doing pretty good.
Financially I'm a little unstable. Not fucked though, just not secure.
I work full time right now and have been for like 5 or 6 years but soon I'm going back to college and I'll train to be a painter and decorator. In the two years it takes to train I'll be working part time earning shit money. All I really own that costs money is my car.
I still live at home so I guess when I'm back at school I wont have to pay shit to live there, you know? I really just need money for food, my girl, shit here and there and my car. I owe my stepdad £1200 too so I gotta pay that back over time. I have a savings account I shoud really try to fill all the time aswell to help out a bit in the future.
My plan though is to go self employed as a painter in around 2 years time.
Right now my car is fucking up. The engine keeps cutting out at junctions and I'm praying it doesn't do it at a roundabout or some shit. Apparently it's common in the car I own. I really hope it doesn't cost too much to fix. As a result I gotta get some breakdown cover soonish which will also cost money. It pisses me off because I love this fucking car.
I live in Stockholm, capital of Sweden. I just moved here and haven't got my own place yet, so right now I'm living with my brother and his girlfriend. they have a really nice apartment in one of the nicer parts of the city. actually, this whole area is really new and they're still building it. I don't think any of the houses here are older than 6-8 years. the whole place looks really nice. not extremely luxurous or anything, but pretty fancy and modern. it's down by the water so there are a lot of boats and shit too. when I do find my own place I won't be able to live in such a nice area anymore which kind of sucks. but at the same time, I'd rather have my own place.
as for money, I'm pretty much a trainee and don't earn a lot yet. but there are four of us in the company (me, my brother, my cousin and a friend of mine) and we're doing great. I'm learning quickly and eventually I'll get full employment and become a part owner. then hopefully the money will start pouring in.
Quote from: ToneDef on Jul 04, 2008, 11:10 PM
really just need money for food, my girl, shit here and there and my car.
Good boy, Trav. =o)
I live in Gdynia, a port-city in the north of Poland. I live in the centre of the city. It's quite modern place and I love it. I work as an English teacher at school in my hometown, 20 km from where I live. Just 200 meters from my flat there is a well-known club.
Quote from: lithium on Jul 04, 2008, 10:46 PM
i live in a box outside a fast food restaurant, i cry myself to sleep, and i pee myself at the thought of my mother.
...other than that i'm doing pretty good.
way to be a stereo type buddy.
Actually me and my gf just rented an appartement (our first) for 900 euros a month (excluding taxes). It's pretty expensive but I'm in one of the largest cities of the Netherlands now and five minutes from the train station. It's big enough as well, I have a room just to function as an office and for my game collection.
I just started as a fulltime journalist for a videogame website and my gf is an event organizator or whatever you call it in English.
That's gotta be cool to have a girl who'd let you have a room to yourself.. Let alone to use it for a video game collection.
Quote from: Moz on Jul 05, 2008, 04:13 PM
I just started as a fulltime journalist for a videogame website and my gf is an event organizator or whatever you call it in English.
I guess that would be an event coordinator, I think
All money that I earn is gone at the end of the month. I don't really save anything for later, even though I could if I stepped a bit shorter and didn't waste all my money on expensive starbucks coffee's, tennis raquets or equipment for my drumset like a brand new double bass pedal or a new crash cymbal. and let's nor forget about the weekends ... oh the weekends.
fucking starbucks!
I tried that once... my doctor told me I will never have children in my life
lol...ok. I too am quite addicted to Starfucks. I could easily spend $50 a week on it. :(
Quote from: Variable on Jul 06, 2008, 02:25 AM
Quote from: Moz on Jul 05, 2008, 04:13 PM
I just started as a fulltime journalist for a videogame website and my gf is an event organizator or whatever you call it in English.
I guess that would be an event coordinator, I think
Yeah something along the lines. It's for music festivals, art and culture stuff, things like that.
Quote from: ToneDef on Jul 05, 2008, 04:59 PM
That's gotta be cool to have a girl who'd let you have a room to yourself.. Let alone to use it for a video game collection.
Yeah it's all cool. She knows games are pretty important to me, with them also being my profession and all. It's gonna be a 'place to be alone' anyway so if she needs to be alone to do some work she can use it as well.
right now i'm living at home with my parents and working full time at my neighbor's aerospace parts distribution company doing random jobs, makin $11/hour. that's just for the summer, though. i usually live up north in duluth, where i go to college, but there isn't shit for jobs up there right now. i'm going for my accounting degree, which has the highest rate of employment right out of college (or it did when i started). i'm hoping that should lead to success, i don't want to have to worry about money constantly like i have been since getting out of high school. i dunno, i think the best thing you can do to get security is get some kind of degree, even if it takes awhile. more and more jobs are requiring field experience or a post-secondary degree for hiring.
i dont have a job or any money and i get by just fine
I thought you were a burger cook?
Quote from: Variable on Jul 13, 2008, 09:22 AM
I thought you were a burger cook?
hahaha, that's ambitious!
well if you go for anything more ambitious you are just a slave to the evil government system.
Quote from: Variable on Jul 13, 2008, 10:33 AM
well if you go for anything more ambitious you are just a slave to the evil government system.
and you're just a tool in the hands of the US army
and I'm sorry, I shouldn't said such thing, oldnewtype. I think that if one wants one can find much more ambitious job.
Quote from: whodunit? on Jul 13, 2008, 10:41 AM
Quote from: Variable on Jul 13, 2008, 10:33 AM
well if you go for anything more ambitious you are just a slave to the evil government system.
and you're just a tool in the hands of the US army
US Navy.
Quote from: Variable on Jul 13, 2008, 11:11 AM
Quote from: whodunit? on Jul 13, 2008, 10:41 AM
Quote from: Variable on Jul 13, 2008, 10:33 AM
well if you go for anything more ambitious you are just a slave to the evil government system.
and you're just a tool in the hands of the US army
US Navy.
if that would make any difference ::)
uuh yeah...look at the uniforms...duh! lol Navy is waaaaaaaaaaaaaaaaay better than the others.
Quote from: devilinside on Jul 13, 2008, 03:13 PM
uuh yeah...look at the uniforms...duh! lol Navy is waaaaaaaaaaaaaaaaay better than the others.
so, they're just better looking robots...
Nah.. My grandfather was master chief in the navy,and he's a fucking brilliant man.
And they enjoy boats?
And jets...
AND JETBOATS!
Quote from: devilinside on Jul 13, 2008, 09:12 PM
Nah.. My grandfather was master chief in the navy,and he's a fucking brilliant man.
gtfo!! my grandfather was a grand master chief in teh navyz too!!
lol....fuck youuuuuu. Mexican navy huh? haha
nah the american one!! have i never showed you my tattoo???
(http://i109.photobucket.com/albums/n76/poetaetoe1/didnt.jpg)
Quote from: Variable on Jul 13, 2008, 09:22 AM
I thought you were a burger cook?
I stopped going to work so I'd have more time to work on my garden
And by garden you mean secret underground bunker, right?
god you are gay
Quote from: Necrocetaceanbeastiality on Jul 14, 2008, 02:14 AM
And by garden you mean secret underground bunker, right?
lol nice
Quote from: Oldnewtype on Jul 14, 2008, 01:41 AM
Quote from: Variable on Jul 13, 2008, 09:22 AM
I thought you were a burger cook?
I stopped going to work so I'd have more time to work on my garden
seriously, good for you. I hope you are able to get the food that you want
Quote from: whodunit? on Jul 13, 2008, 12:20 PM
Quote from: Variable on Jul 13, 2008, 11:11 AM
Quote from: whodunit? on Jul 13, 2008, 10:41 AM
Quote from: Variable on Jul 13, 2008, 10:33 AM
well if you go for anything more ambitious you are just a slave to the evil government system.
and you're just a tool in the hands of the US army
US Navy.
if that would make any difference ::)
No, not really. I am a tool, and I work for the Navy. I just thought you would want to be accurate
Quote from: Oldnewtype on Jul 14, 2008, 01:41 AM
Quote from: Variable on Jul 13, 2008, 09:22 AM
I thought you were a burger cook?
I stopped going to work so I'd have more time to work on my garden
psshht. all your seeds have been poisoned by jews some hundred years ago. you cant elude them.
if not. where have you found the clean material?
from a remote pacific island untouched by the hands of the Evil Elite.
Quote from: Variable on Jul 17, 2008, 08:14 AM
from a remote pacific island untouched by the hands of the Evil Elite.
are you planning to do some nuke test over there?
is there a reason that you decided to dedicate so many post to attacking my job? You obviously have no idea what you are talking about. So I dont quite understand your motivation here.
Quote from: Variable on Jul 17, 2008, 01:54 PM
is there a reason that you decided to dedicate so many post to attacking my job? You obviously have no idea what you are talking about. So I dont quite understand your motivation here.
No, I just don't like the idea of your opinion about the US being the greatest nation in the World.
but it bores me now to say shit about your profession. or maybe it's a fact that it is obligatory in Poland to serve in the army for a few months, unless you're a student. so I have to study until I'm like 30 or something. and I'd rather go to prison for not serving than to the army.
Tru.
There is really not that much to a job, where all you do is "what you are told to do".
commercials, they never lie.
where's the pride in the gladiator...
Quote from: whodunit? on Jul 17, 2008, 02:33 PM
Quote from: Variable on Jul 17, 2008, 01:54 PM
is there a reason that you decided to dedicate so many post to attacking my job? You obviously have no idea what you are talking about. So I dont quite understand your motivation here.
No, I just don't like the idea of your opinion about the US being the greatest nation in the World.
but it bores me now to say shit about your profession. or maybe it's a fact that it is obligatory in Poland to serve in the army for a few months, unless you're a student. so I have to study until I'm like 30 or something. and I'd rather go to prison for not serving than to the army.
coward
variable is american and is defending his country. you say the us sucks yet you can't even support your own dumbass polish country.
you would rather read books and delay getting on with your life instead of serving a few months in an army that doesn't do anything? talk about being a (|)
Quote from: wither-I on Jul 17, 2008, 07:24 PM
Tru.
There is really not that much to a job, where all you do is "what you are told to do".
commercials, they never lie.
where's the pride in the gladiator...
sounds like almost every other job to me. except you have luck and can become an artist.
i like the idea of fighting for something that you are into. the problem is: its hard to decide what is really worth a physical fight and what not. my own life is worth a fight.
Quote from: untz untz untz on Jul 17, 2008, 07:56 PM
Quote from: whodunit? on Jul 17, 2008, 02:33 PM
Quote from: Variable on Jul 17, 2008, 01:54 PM
is there a reason that you decided to dedicate so many post to attacking my job? You obviously have no idea what you are talking about. So I dont quite understand your motivation here.
No, I just don't like the idea of your opinion about the US being the greatest nation in the World.
but it bores me now to say shit about your profession. or maybe it's a fact that it is obligatory in Poland to serve in the army for a few months, unless you're a student. so I have to study until I'm like 30 or something. and I'd rather go to prison for not serving than to the army.
coward
variable is american and is defending his country. you say the us sucks yet you can't even support your own dumbass polish country.
that's what I was talking about...
and you have to be a pile of mindless muscles to support my country. of course I support my country, by working hard and spreading knowledge among children.
but unless you have a gun that's not support for you, right?
Quote from: whodunit? on Jul 17, 2008, 09:41 PM
Quote from: untz untz untz on Jul 17, 2008, 07:56 PM
Quote from: whodunit? on Jul 17, 2008, 02:33 PM
Quote from: Variable on Jul 17, 2008, 01:54 PM
is there a reason that you decided to dedicate so many post to attacking my job? You obviously have no idea what you are talking about. So I dont quite understand your motivation here.
No, I just don't like the idea of your opinion about the US being the greatest nation in the World.
but it bores me now to say shit about your profession. or maybe it's a fact that it is obligatory in Poland to serve in the army for a few months, unless you're a student. so I have to study until I'm like 30 or something. and I'd rather go to prison for not serving than to the army.
coward
variable is american and is defending his country. you say the us sucks yet you can't even support your own dumbass polish country.
that's what I was talking about...
and you have to be a pile of mindless muscles to support my country. of course I support my country, by working hard and spreading knowledge among children.
but unless you have a gun that's not support for you, right?
you are just changing the topic now. no one ever said that this would not be something to support a country. the question is. y wouldnt you fight for it if its nessecary?
i think the discussion here gets a bit to nationalistic here. i mean you teach children to support your country? i cant really mean this.
and i dont think the variable we know wouldnt support his country if it happens that tommorow there is an evil dictator on top who seeks to destroy the whole world.
i guess he is also more supporting an idea or something.
i may be wrong. but i hope not ;)
necessity is not value.
dont make it seem that way.
war is never a necessity.
eat, fuck, sleep.
no need for "moral interpretations of phenomenon"
Quote from: whodunit? on Jul 17, 2008, 09:41 PM
Quote from: untz untz untz on Jul 17, 2008, 07:56 PM
Quote from: whodunit? on Jul 17, 2008, 02:33 PM
Quote from: Variable on Jul 17, 2008, 01:54 PM
is there a reason that you decided to dedicate so many post to attacking my job? You obviously have no idea what you are talking about. So I dont quite understand your motivation here.
No, I just don't like the idea of your opinion about the US being the greatest nation in the World.
but it bores me now to say shit about your profession. or maybe it's a fact that it is obligatory in Poland to serve in the army for a few months, unless you're a student. so I have to study until I'm like 30 or something. and I'd rather go to prison for not serving than to the army.
coward
variable is american and is defending his country. you say the us sucks yet you can't even support your own dumbass polish country.
that's what I was talking about...
and you have to be a pile of mindless muscles to support my country. of course I support my country, by working hard and spreading knowledge among children.
but unless you have a gun that's not support for you, right?
lolz, whatever softie.
Quote from: whodunit? on Jul 17, 2008, 02:33 PM
and I'd rather go to prison for not serving than to the army.
What use is there to be in prison? I can understand the option of non-military service for ideological, mental or physical reasons but being in prison serves no one. I'm not fanatic about army, it's a shitty thing to go through but in addition to being prepared for the worst, it's kind of a school for life. So it serves your country and yourself too.
and makes you a prisoner under command.
and that is all.
but you can still change, there is time, and the choice is yours...
"one love"
know yourself. and the world will greet you whole. know "communal logistics" and you will be lost to the world.
CHOICE
Goddamnit people are you stuck in a weed infested mindset or something. Three years ago or whatever when I was still a regular here we made fun of Variable's army serving stuff but you guys are STILL doing it?
I'm glad I got outta this place.
Peace
I live in a small seaside village which is right next to the countryside about 40 miles from Norwich. Financially I am doing ok, alot better than I was but since my mum died me, my brother and his bint of a girlfriend have had to take on our house which we have lived in for 25 years and the morgage is £650 a month and it's about £900 including council tax and utilities and I spend about £170 a month paying personal debts, £80 for travel and I can earn anything from £800 to £1000 per month. The rest of the money is for living which isn't much as I have just taken a seasonal second job which I get about £35 per week which covers my food and smoking bills.
Quote from: Moz on Jul 18, 2008, 12:07 PM
Goddamnit people are you stuck in a weed infested mindset or something. Three years ago or whatever when I was still a regular here we made fun of Variable's army serving stuff but you guys are STILL doing it?
I'm glad I got outta this place.
Peace
Cool. Don't come back.
The generations after me are so dumb. I see it all over the place, not just on this board.
The Pending Financial Disaster by Ron Paul
(http://www.freedomsphoenix.com/Uploads/Graphics/004-0702165000-fed-purchase.jpg)
The following statement is written by Congressman Paul about the pending financial disaster. He will introduce this statement as a special order and insert it into the Congressional Record next week. Fortunately, we have the opportunity to debut it first on the Campaign for Liberty blog. It reads as follows:
I have, for the past 35 years, expressed my grave concern for the future of America. The course we have taken over the past century has threatened our liberties, security and prosperity. In spite of these long-held concerns, I have days—growing more frequent all the time—when I'm convinced the time is now upon us that some Big Events are about to occur. These fast-approaching events will not go unnoticed. They will affect all of us. They will not be limited to just some areas of our country. The world economy and political system will share in the chaos about to be unleashed.
Though the world has long suffered from the senselessness of wars that should have been avoided, my greatest fear is that the course on which we find ourselves will bring even greater conflict and economic suffering to the innocent people of the world—unless we quickly change our ways.
America, with her traditions of free markets and property rights, led the way toward great wealth and progress throughout the world as well as at home. Since we have lost our confidence in the principles of liberty, self reliance, hard work and frugality, and instead took on empire building, financed through inflation and debt, all this has changed. This is indeed frightening and an historic event.
The problem we face is not new in history. Authoritarianism has been around a long time. For centuries, inflation and debt have been used by tyrants to hold power, promote aggression, and provide "bread and circuses" for the people. The notion that a country can afford "guns and butter" with no significant penalty existed even before the 1960s when it became a popular slogan. It was then, though, we were told the Vietnam War and a massive expansion of the welfare state were not problems. The seventies proved that assumption wrong.
Today things are different from even ancient times or the 1970s. There is something to the argument that we are now a global economy. The world has more people and is more integrated due to modern technology, communications, and travel. If modern technology had been used to promote the ideas of liberty, free markets, sound money and trade, it would have ushered in a new golden age—a globalism we could accept.
Instead, the wealth and freedom we now enjoy are shrinking and rest upon a fragile philosophic infrastructure. It is not unlike the levies and bridges in our own country that our system of war and welfare has caused us to ignore.
I'm fearful that my concerns have been legitimate and may even be worse than I first thought. They are now at our doorstep. Time is short for making a course correction before this grand experiment in liberty goes into deep hibernation.
There are reasons to believe this coming crisis is different and bigger than the world has ever experienced. Instead of using globalism in a positive fashion, it's been used to globalize all of the mistakes of the politicians, bureaucrats and central bankers.
Being an unchallenged sole superpower was never accepted by us with a sense of humility and respect. Our arrogance and aggressiveness have been used to promote a world empire backed by the most powerful army of history. This type of globalist intervention creates problems for all citizens of the world and fails to contribute to the well-being of the world's populations. Just think how our personal liberties have been trashed here at home in the last decade.
The financial crisis, still in its early stages, is apparent to everyone: gasoline prices over $4 a gallon; skyrocketing education and medical-care costs; the collapse of the housing bubble; the bursting of the NASDAQ bubble; stockmarkets plunging; unemployment rising;, massive underemployment; excessive government debt; and unmanageable personal debt. Little doubt exists as to whether we'll get stagflation. The question that will soon be asked is: When will the stagflation become an inflationary depression?
There are various reasons that the world economy has been globalized and the problems we face are worldwide. We cannot understand what we're facing without understanding fiat money and the long-developing dollar bubble.
There were several stages. From the inception of the Federal Reserve System in 1913 to 1933, the Central Bank established itself as the official dollar manager. By 1933, Americans could no longer own gold, thus removing restraint on the Federal Reserve to inflate for war and welfare.
By 1945, further restraints were removed by creating the Bretton-Woods Monetary System making the dollar the reserve currency of the world. This system lasted up until 1971. During the period between 1945 and 1971, some restraints on the Fed remained in place. Foreigners, but not Americans, could convert dollars to gold at $35 an ounce. Due to the excessive dollars being created, that system came to an end in 1971.
It's the post Bretton-Woods system that was responsible for globalizing inflation and markets and for generating a gigantic worldwide dollar bubble. That bubble is now bursting, and we're seeing what it's like to suffer the consequences of the many previous economic errors.
Ironically in these past 35 years, we have benefited from this very flawed system. Because the world accepted dollars as if they were gold, we only had to counterfeit more dollars, spend them overseas (indirectly encouraging our jobs to go overseas as well) and enjoy unearned prosperity. Those who took our dollars and gave us goods and services were only too anxious to loan those dollars back to us. This allowed us to export our inflation and delay the consequences we now are starting to see.
But it was never destined to last, and now we have to pay the piper. Our huge foreign debt must be paid or liquidated. Our entitlements are coming due just as the world has become more reluctant to hold dollars. The consequence of that decision is price inflation in this country—and that's what we are witnessing today. Already price inflation overseas is even higher than here at home as a consequence of foreign central bank's willingness to monetize our debt.
Printing dollars over long periods of time may not immediately push prices up–yet in time it always does. Now we're seeing catch-up for past inflating of the monetary supply. As bad as it is today with $4 a gallon gasoline, this is just the beginning. It's a gross distraction to hound away at "drill, drill, drill" as a solution to the dollar crisis and high gasoline prices. Its okay to let the market increase supplies and drill, but that issue is a gross distraction from the sins of deficits and Federal Reserve monetary shenanigans.
This bubble is different and bigger for another reason. The central banks of the world secretly collude to centrally plan the world economy. I'm convinced that agreements among central banks to "monetize" U.S. debt these past 15 years have existed, although secretly and out of the reach of any oversight of anyone—especially the U.S. Congress that doesn't care, or just flat doesn't understand. As this "gift" to us comes to an end, our problems worsen. The central banks and the various governments are very powerful, but eventually the markets overwhelm when the people who get stuck holding the bag (of bad dollars) catch on and spend the dollars into the economy with emotional zeal, thus igniting inflationary fever.
This time—since there are so many dollars and so many countries involved—the Fed has been able to "paper" over every approaching crisis for the past 15 years, especially with Alan Greenspan as Chairman of the Federal Reserve Board, which has allowed the bubble to become history's greatest.
The mistakes made with excessive credit at artificially low rates are huge, and the market is demanding a correction. This involves excessive debt, misdirected investments, over-investments, and all the other problems caused by the government when spending the money they should never have had. Foreign militarism, welfare handouts and $80 trillion entitlement promises are all coming to an end. We don't have the money or the wealth-creating capacity to catch up and care for all the needs that now exist because we rejected the market economy, sound money, self reliance and the principles of liberty.
Since the correction of all this misallocation of resources is necessary and must come, one can look for some good that may come as this "Big Even" unfolds.
There are two choices that people can make. The one choice that is unavailable to us is to limp along with the status quo and prop up the system with more debt, inflation and lies. That won't happen.
One of the two choices, and the one chosen so often by government in the past is that of rejecting the principles of liberty and resorting to even bigger and more authoritarian government. Some argue that giving dictatorial powers to the President, just as we have allowed him to run the American empire, is what we should do. That's the great danger, and in this post-911 atmosphere, too many Americans are seeking safety over freedom. We have already lost too many of our personal liberties already. Real fear of economic collapse could prompt central planners to act to such a degree that the New Deal of the 30's might look like Jefferson's Declaration of Independence.
The more the government is allowed to do in taking over and running the economy, the deeper the depression gets and the longer it lasts. That was the story of the 30ss and the early 40s, and the same mistakes are likely to be made again if we do not wake up.
But the good news is that it need not be so bad if we do the right thing. I saw "Something Big" happening in the past 18 months on the campaign trail. I was encouraged that we are capable of waking up and doing the right thing. I have literally met thousands of high school and college kids who are quite willing to accept the challenge and responsibility of a free society and reject the cradle-to-grave welfare that is promised them by so many do-good politicians.
If more hear the message of liberty, more will join in this effort. The failure of our foreign policy, welfare system, and monetary policies and virtually all government solutions are so readily apparent, it doesn't take that much convincing. But the positive message of how freedom works and why it's possible is what is urgently needed.
One of the best parts of accepting self reliance in a free society is that true personal satisfaction with one's own life can be achieved. This doesn't happen when the government assumes the role of guardian, parent or provider, because it eliminates a sense of pride. But the real problem is the government can't provide the safety and economic security that it claims. The so-called good that government claims it can deliver is always achieved at the expense of someone else's freedom. It's a failed system and the young people know it.
Restoring a free society doesn't eliminate the need to get our house in order and to pay for the extravagant spending. But the pain would not be long-lasting if we did the right things, and best of all the empire would have to end for financial reasons. Our wars would stop, the attack on civil liberties would cease, and prosperity would return. The choices are clear: it shouldn't be difficult, but the big event now unfolding gives us a great opportunity to reverse the tide and resume the truly great American Revolution started in 1776. Opportunity knocks in spite of the urgency and the dangers we face.
Let's make "Something Big is Happening" be the discovery that freedom works and is popular and the big economic and political event we're witnessing is a blessing in disguise.
the war on terrorism is a desperate act to retrieve step and place.
bad idea.
Quote from: Moz on Jul 18, 2008, 12:07 PM
Goddamnit people are you stuck in a weed infested mindset or something. Three years ago or whatever when I was still a regular here we made fun of Variable's army serving stuff but you guys are STILL doing it?
I'm glad I got outta this place.
Peace
somethings will never change... doo doo doo dooooo
thats just the way it is... do doo do doo doooo
Quote from: untz untz untz on Jul 18, 2008, 07:38 PM
The generations after me are so dumb. I see it all over the place, not just on this board.
im with you on this. although im not sure which generation you are of?
im 23 and i like to think many in my "litter" are pretty washed, and the ones below me are getting less creative than ever because they use robots to do "their laundry".
except for some unknown reason, people love to disagree with or critisize my philosophies of peace and love and rebellion of injustices via "creation".
i guess people just really "want" to continue living their absurd and "granted/given" sentences of lives...
theres no hope in the proles.
glad you posted that jerry curls
can someone sum up was paul was trying to say there?
i read it but i didnt understand his message at all.
is he saying that if the people would be more free then the world market would be more free and everything would be just fine?
they are taking our rights and original freedom away and if we dont stand up together against them were going to become a nation of slaves
Well that is one way to look at it.....
He is pretty much communicating the same message that Thomas Jefferson was trying to communicate to George Washington. Jefferson had amazing foresight. That's why him and Hamilton hated eachother so much. He was able to see the potential evil of the treasury department.
Congressman Paul was speaking about the economic disasters of the US over the past 100 years. I think the most legitimate point he made was about how big of a mistake it was to take America off of the Gold standard.
I guess you dont need a huge explanation, that's why you didn't read it in the first place. So to sum it up real short....Inflation = Taxation without representation, Foreign spending needs to end right now, Big government = bad ( paul is a republican after all, a traditional republican (( Very unlike George Bush)) believes in the smallest amount of government possible) True well fare is not a hand out, but a stable economy, Credit had put americans in way too much debt because we all try to live outside our means, and the government cant produce the economy we are hoping for. We must take the power away from the government and once again build up the value of the dollar with hard work, discretionary spending, free trade, the gold standard, and stay the fuck away from centralized banking......that's what he thinks anyways.
Quote from: Variable on Jul 25, 2008, 04:33 PM
We must take the power away from the government and once again build up the value of the dollar with hard work, discretionary spending, free trade, the gold standard, and stay the fuck away from centralized banking......that's what he thinks anyways.
well said, but one reason we were taken off the gold standard is because we didn't have enough gold to back the value of our dollar. that may have changed since then considering our dollar is pretty much worthless at this point (compared to other large countries). as for free trade, NAFTA is one of the programs that got us into the mess we're in today. i'm all for free trade but not at the expense of jobs, which is what NAFTA did. hard work and discretionary spending is the result of proper parenting, which as a nation, we seem to be doing a poor job of. the real way to fix this mess is to reenact the balanced budget amendment (almost every state is required by law to have a balanced budget, why not the federal goverment?), find a way to minimize spending on the war (withdrawal is not an option at this point) and embrace the pickens plan or some form of it (if we can get a man on the moon in less than a decade, there is no excuse that we cant become energy independent within a decade). just my two cents
Quote from: wither-I on Jul 19, 2008, 12:32 AM
Quote from: Moz on Jul 18, 2008, 12:07 PM
Goddamnit people are you stuck in a weed infested mindset or something. Three years ago or whatever when I was still a regular here we made fun of Variable's army serving stuff but you guys are STILL doing it?
I'm glad I got outta this place.
Peace
somethings will never change... doo doo doo dooooo
thats just the way it is... do doo do doo doooo
It's funny how he sais he's out from here, yet hes still here.
Quote from: goldpony on Jul 25, 2008, 11:05 PM
Quote from: Variable on Jul 25, 2008, 04:33 PM
We must take the power away from the government and once again build up the value of the dollar with hard work, discretionary spending, free trade, the gold standard, and stay the fuck away from centralized banking......that's what he thinks anyways.
i'm all for free trade but not at the expense of jobs, which is what NAFTA did.
I could not have said that better. That is exactly how I feel. Free trade is wonderful until ass holes move American jobs over seas to china so that they can produce a cheaper product. And the fucked up part is that Americans seem to refuse to boycott these companies. we would rather buy shit for only a small % cheaper than just pay a little bit more and ensure our economy. Short sighted, that is the way you can sum up pretty much all major events in the past 40 + years of american history.
oh and just for all of you elitist democrats who are so proud to be a part of the party. The democrats Franklin D. Roosevelt was the one who took us off of the gold standard. And although Bush SR. was working on NAFTA, Clinton was the one who made a really big push for it and got it implemented. That's why I roll my eyes and automatically assume that someone is an idiot if they start blaming republicans for all of the problems in the country.
Sorry guys, but then it's not called free trade any more...
Just saying...
thats fine by me. whatever keeps job IN my country. You can talk about corporate gains all you want. But if the lower and middle class fall, so will those on top.
I didn't say it was good or bad...
I just find funny the fact that you guys are saying that you are all for "free" trade, as long as it doesn't harm you... That's not really "freedom" right there...
Anyway, no big deal, I don't really have a thought of opinion on this kind of stuff, so I'll stay quiet... :)
no, we are against policies that allow companies in the US to move to were labor is cheaper with no financial consequence. if you want to move to a country where labor is cheaper, fine. just expect import tariffs on your products. NAFTA basically allows companies to move and not get charged tariffs on their products they produce in other countries. take money out of my pocket and we'll take money out of yours...seems fair to me.
yeah josh said pretty much exactly how I feel. I understand the global economy and corporate profits and all that shit. However the people that are against sending jobs over seas are those who have jobs. And not some 10 dollar and hour job with 70% medical insurance. The People who have millions of dollars. They are the ones who would be complaining if we scraped NAFTA and came up with something more to my liking. So fuck them. They have enough money. Its time to give jobs back to your average joe american.
Quote from: goldpony on Jul 28, 2008, 06:08 PM
no, we are against policies that allow companies in the US to move to were labor is cheaper with no financial consequence. if you want to move to a country where labor is cheaper, fine. just expect import tariffs on your products. NAFTA basically allows companies to move and not get charged tariffs on their products they produce in other countries. take money out of my pocket and we'll take money out of yours...seems fair to me.
The fair thing is supposed to be that prices for products made cheaply abroad must be low... Which would counterbalance the loss of capital in your home country by increasing buying power of your home citizens. Unfortunately that's not the case at all, and the only thing happening is increase in profit of major companies... Which is fucked up...
Theoretically, this should be auto regulated in a full and complete capitalistic state, with free concurrence, free trade, etc. Indeed, if Nike decides price for their XXX shoes is $100 (cost of production maybe $10), then in a (theoretical) free trade world, China (or whoever else) could sell its shoes for a waaaaaaaaay cheaper price, making Nike's profit model unviable, and therefore down the shitter.
But we cannot afford having a fully trade system like that yet, cause it's just completely impossible seeing the state of the world right now...
Quote from: Variable on Jul 28, 2008, 09:41 PM
They have enough money. Its time to give jobs back to your average joe american.
I would agree with that, but in all honesty, do you think your average joe american take any kind of jobs ?
I don't know about your country, but I know that would NEVER happen in France... But France is a shitty country anyway, and people there are mainly arrogant lazy cunts, so I'm not sure how it would be in the other countries...
Well I dont know. America was built on industry. I am mainly speaking to factory jobs and what not that have been shipped over seas. Those jobs were all held by americans at one point. I dont see why they would not take them again. The fucked up part is that the US government has done nothing to protect these jobs. Oh sure we are quick to hand out food stamps and welfare and get a warm fuzzy about how we are helping those in need. But fuck me and call me a communist for trying to protect their actual jobs and allow them to support themselves.
And I agree with the other part of your post ( props on your intelligence ) except for the part about how making cheaper products will counterbalance the loss of jobs. If you aren't making any money, then it doesn't really matter how much money you COULD save because of the cheaper product. Because you dont have any money to spend on that cheaper product anyways.
I personally would rather pay a little bit more for a product as long as I knew it was all going back into my economy and I was supporting the jobs and incomes of my fellow americans. And I wouldn't hold it against any other country doing the same for their citizens.
I used to have a $160 dollar a day (for almost two years) habbit. Fuck oxycontin.
Depeleted my 401K and all my income, which is why I don't own a house.
plus your pimp got real physical about it all
Quote from: 13hourstoparadise on Jul 30, 2008, 08:40 PM
Depeleted my 401K and all my income, which is why I don't own a house.
thats awesome
stbu