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Thread: Pew: 93% Of Households Lost Net Worth 2009-11

  1. #31
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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    Said it before, say it now, and will say it in 6 months--if you want to see massive economic growth in the private sector, have the fed start raising the interest rates.

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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    Quote Originally Posted by Taylor View Post
    No, you have your facts wrong. By the time 1994 rolled around, Bush had already been out of office for two years.
    My bad.

    Still, feel free to pull up any chart of US GINI. It's the same.

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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    Quote Originally Posted by specklebang View Post
    I might not be understanding exactly what you are trying to convey. You don't think my $10K Visa card plan would hav worked? Remember, you couldn't use it as cah, so you couldn't make your payments with it. It would only be useful if you bought something.
    I pay all my bills with my American Express and/or discover, so how would you be able to stop electronic fund transfers of the consumers choice? The government would have to create an entirely new payment system that restricts payments to specific entities; a most difficult task when time is of the essence. People who were losing their homes would have little use for consumable goods outside of necessities. Telling them they can purchase a television made in China, but cannot get caught up on their mortgage or credit cards would create quite the outrage.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    Quote Originally Posted by specklebang View Post
    I find it a bit ominous that they (the USG) even has this information. How do they know what I'm worth? Did they scan my bank accounts, value my car, list my real estate, check my credit card balances, review any loans I might have and then use that information to average me out with all you guys. Where is all that information? Of course, they know what we earn (unless we don't tell them) but all the rest of this data?
    Just try not to think about it.

    It's worse than you think.
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    Quote Originally Posted by The Prof View Post
    usatoday tuesday, an ap story



    Pew: 93% of households lost net worth 2009-11

    the top 7% are 8 million households, whose avg worth grew from 2.5M to 3.2

    the rest of us 93 are 111 million strong, we own 134K but we used to sit on 140

    the rich are 24:1 bigger than us, 18:1 in 09

    that's net worth

    look at incomes

    october: Under Obama, Poor, Middle Class Incomes Fall Sharply, Rich Get Richer - Investors.com

    and wages? the la times reported in august that 58% of the way too few jobs created in the "obama recovery" pay between 8 and 12 dollars per hour

    Majority of new jobs in recovery are low-paying, study finds - Los Angeles Times

    who's lying to you?

    are you sure this guy knows what he's doing?
    That is because most people don't invest or save. Those said people tend to buy assets that do nothing but depreciate over time.

    What do you think happens in a materialistic society???

    I bet if you asked these 93% 5-years ago - what would they rather have a) a $30,000 chunk of gold and drive a $3,000 car or b) have a $33,000 car - 90% would choose B..

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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    Quote Originally Posted by Visbek View Post
    I think we can make some educated guesses, at least if their campaign rhetoric is to be believed.
    If you believe Obama's campaign rhetoric, you know, the balance the budget stuff, and a rather lengthy list of transgressions, then perhaps you can believe McCain's, or Romney's. The point remains that you don't know whether they would have done worse, or better, or marginally the same. It's pure conjecture.

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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    Anybody receiving $10K, regardless of limitations, that is outraged could just cut up the card. Mt heart would not go out to them. And I'll be stunned if you pay your mortgage with a credit card. And if the presumption is that all money flows out to imports was correct, then we might as well close up our country. Even a TV "made in China" has the majority of its price going to advertising and distribution. That's why we are known as a "consumer economy".

    No worries though. They didn't accept my plan. Instead, they printed up a Trill or so for ????

    Quote Originally Posted by Kushinator View Post
    I pay all my bills with my American Express and/or discover, so how would you be able to stop electronic fund transfers of the consumers choice? The government would have to create an entirely new payment system that restricts payments to specific entities; a most difficult task when time is of the essence. People who were losing their homes would have little use for consumable goods outside of necessities. Telling them they can purchase a television made in China, but cannot get caught up on their mortgage or credit cards would create quite the outrage.

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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    These books are fiction, brilliant fiction, that are very revealing about how the system works. They are also great thrillers. If you enjoy fiction...and want what you read to make you think about who is really running things, I highly suggest:
    Daemon: Daniel Suarez: 9780451228734: Amazon.com: Books and part 2 Amazon.com: Freedom (TM) (9780451231895): Daniel Suarez: Books





    Quote Originally Posted by What if...? View Post
    Just try not to think about it.

    It's worse than you think.

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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    Private sector? We don't need no stinkin' private sector.

    Quote Originally Posted by Fisher View Post
    Said it before, say it now, and will say it in 6 months--if you want to see massive economic growth in the private sector, have the fed start raising the interest rates.

  10. #40
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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    Quote Originally Posted by specklebang View Post
    Private sector? We don't need no stinkin' private sector.
    We need somebody to oppress the masses since the government can't any more.

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