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Old 02-17-09, 04:35 PM   #511
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Re: Paul in 2012?

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Originally Posted by dirtpoorchris View Post
It is hard to do that when you are nearing the end of the month and only have 30 dollars left and you absolutely need something. So on the 25th you buy some small items at separate stores of very small value each. And by the 29th you figure you will need 60 dollars worth to get you through till next money income. So you go ahead and take the overdraft charge to get what you need now.

Then comes the 1rst... Somehow the bank Chase magically made ALL those little small transactions that happened days before appear after the big sum you took out. So now you just paid 36 dollars on your little brothers for a 3 dollar item. 37 on that gallon of milk you felt you needed to buy. And 35 for that damn tall can you felt guilty for buying.

Oh and 93 for that 60 you ended up having to take out at the end that they magically shoved into before all your little transactions many days before.

Got greed?

Makes the next month a little harder to stay in the positives by the end if you get what you need again.
Two words: Second. Job.
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Old 02-17-09, 04:35 PM   #512
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Re: Paul in 2012?

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This is without question one of the worst posts DP has ever seen.
So what America really owes isn't commonly shielded from public? They definitely don't broadcast it everywhere.
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Old 02-17-09, 04:38 PM   #513
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Re: Paul in 2012?

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This is current through this month:



To put this in perspective: During the Great Depression, the job loss from peak employment was 25%. Right now we're at 2.5%.
Two years following 1929. Give it another year...

There are several characteristics that differ. The general makeup of the economy (mass production vs service based), the size of the Fed's balance sheet, and efficiency in determining information in financial markets (lack of computers and such) paves a different path of depression.
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Old 02-17-09, 04:39 PM   #514
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Re: Paul in 2012?

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I.
Did.
Not.
Argue.
That.
Paul.
Was.
Wrong.
So you admit that Paul was the lone voice in Washington warning about this from the beginning? And yet you ridicule him and his supporters.
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Old 02-17-09, 04:41 PM   #515
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Re: Paul in 2012?

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Two years following 1929. Give it another year...

There are several characteristics that differ. The general makeup of the economy (mass production vs service based), the size of the Fed's balance sheet, and efficiency in determining information in financial markets (lack of computers and such) paves a different path of depression.
I think more to a path of the selling out of America, until we stop our politicians and then depression after Obama stops the printing presses on stimulus that keeps us in a survival raft like zone.
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Old 02-17-09, 04:41 PM   #516
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Re: Paul in 2012?

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So you admit that Paul was the lone voice in Washington warning about this from the beginning? And yet you ridicule him and his supporters.
Oh no, sparky. I didn't say lone voice in washington.

I said he wasn't wrong but he wasn't all that enlightened either. He stated the obvious.

Haven't we done this already?
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Old 02-17-09, 04:44 PM   #517
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Re: Paul in 2012?

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Oh no, sparky. I didn't say lone voice in washington.

I said he wasn't wrong but he wasn't all that enlightened either. He stated the obvious.

Haven't we done this already?
Yes, I asked you a question and you avoided it.

Who else was predicting the financial collapse? Was Obama or McCain warning about it in the Senate?
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Old 02-17-09, 04:45 PM   #518
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Re: Paul in 2012?

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I think more to a path of the selling out of America, until we stop our politicians and then depression after Obama stops the printing presses on stimulus that keeps us in a survival raft like zone.
Contrary to popular belief, the printing presses have yet to be opened. Banks have to make the loans for "printing" to happen. The fed's balance sheet has increased considerably, but this is not the same thing as increasing m2.

Here is a nice illustration of why this is the worse financial environment we have seen (IMHO on the planet) since 1720.
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Old 02-17-09, 04:46 PM   #519
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Re: Paul in 2012?

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Yes, I asked you a question and you avoided it.

Who else was predicting the financial collapse? Was Obama or McCain warning about it in the Senate?
Wow. I think this bottle of water sitting on my desk has more intelligence than you.
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Old 02-17-09, 04:47 PM   #520
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Re: Paul in 2012?

Quote:
Originally Posted by dirtpoorchris View Post
It is hard to do that when you are nearing the end of the month and only have 30 dollars left and you absolutely need something. So on the 25th you buy some small items at separate stores of very small value each. And by the 29th you figure you will need 60 dollars worth to get you through till next money income. So you go ahead and take the overdraft charge to get what you need now.

Then comes the 1rst... Somehow the bank Chase magically made ALL those little small transactions that happened days before appear after the big sum you took out. So now you just paid 36 dollars on your little brothers for a 3 dollar item. 37 on that gallon of milk you felt you needed to buy. And 35 for that damn tall can you felt guilty for buying.

Oh and 93 for that 60 you ended up having to take out at the end that they magically shoved into before all your little transactions many days before.

Got greed?

Makes the next month a little harder to stay in the positives by the end if you get what you need again.
1) Get a better job
2) Spend less
3) Stop blaming others for your own mistakes
4) ???

and you know the rest
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