- Joined
- Feb 1, 2006
- Messages
- 20,120
- Reaction score
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- Location
- Cheyenne, WY
- Gender
- Male
- Political Leaning
- Independent
Damn, that sucks. What happened?
My brain crapped out on me. I've got a laundry list of psychiatric disorders.
Damn, that sucks. What happened?
I think dollars will be powerful even after the Apocalypse :mrgreen:I have savings.
Not in dollars. Dollars have become a risky savings device
I have savings.
Not in dollars. Dollars have become a risky savings device; risky since the DemocRats are pumping trillions in printed-up dollars into the system to inflate the currency and devalue what money is legitimately out there.
My savings are in something else. I could live for about ten years on it...I'm not overly worried. I've taken care of myself as best I can; the rest is out of my hands.
You know if you became a monk as opposed to going on your orgy tours you would have had a nice nest egg by now.I only do short term saving. Whenever I have around $15k or so in the bank, I immediately stop working and start living on savings, go on long term vacation until I run out of money. When I am broke again, the cycle starts over.
My brain crapped out on me. I've got a laundry list of psychiatric disorders.
Money isn't intended to be a long term storage of value, so you are very wise in that aspect.
However, inflation has been at record breaking lows since those danged "DemocRats" started pumping trillions into the economy. This kinda proves your "quantity of money" theory wrong. You might want to learn a little more about economics, particularly monetary policy. It doesn't work like you think.
i'd prolly be a US dollar millionaire today.You know if you became a monk as opposed to going on your orgy tours you would have had a nice nest egg by now.
It's not?
How do you measure productive investment, if not in dollars invested? Or other currency. One reason the United States was so prosperous over the years is that, mostly, in years past, the money supply was stable.
If it is not stable, if return-on-investment means little because it has to be weighed against a to-be-determined inflating of the currency...investment stops. People buy gold instead and bury it. And that drags the economy DOWN; it doesn't stimulate it.
It's not?
How do you measure productive investment, if not in dollars invested? Or other currency. One reason the United States was so prosperous over the years is that, mostly, in years past, the money supply was stable.
If it is not stable, if return-on-investment means little because it has to be weighed against a to-be-determined inflating of the currency...investment stops. People buy gold instead and bury it. And that drags the economy DOWN; it doesn't stimulate it.
I'm not the one deluded. First, PRICES ARE RISING. Just go to the grocery store and tell me they're not. The inflation figures goobermint put out are spindled and mutilated - like the unemployment figures.
Second, Inflation is NOT rising prices. Rising prices are a result of inflation; but other factors can come into play. Inflation is, literally, an inflating of the supply of the currency. Injecting new units, created out of nothing, which devalue the existing units, which were traded for wealth.
The currency can be inflated and yet prices remain down; and one reason we're not seeing - yet - hyperinflation, is that people are scared spitless and are resisting buying any but essential items. Fewer buyers result in price decreases or at least prices remaining fixed.
The money supply IS increasing by over a trillion dollars every year. That is GROSSLY irresponsible and WILL show up later as hyperinflation.
According to new studies released recently, roughly a third of American adults don't have any emergency savings. As for me, usually I put 20% of my income into my deposite account and I have some cash for a rainy day saved at home. Do you have savings for emergency case or maybe for retirement? What part of your income do you save?
According to new studies released recently, roughly a third of American adults don't have any emergency savings. As for me, usually I put 20% of my income into my deposite account and I have some cash for a rainy day saved at home. Do you have savings for emergency case or maybe for retirement? What part of your income do you save?
My brain crapped out on me. I've got a laundry list of psychiatric disorders.
I have a lawyer, but thank you. And through my mental health clinic, I have a case manager who helps me deal with government agencies.
It's not that I save it's more that I just don't spend money. My co-workers and friends tend to make fun of how a live but it doesn't take much to make me happy
12-14hr days. Sun+Mon+Tues= 36 to 42hrs, so by Wednesday morning I'm either about to cross into OT or have just crossed into it. My hours cap is 70 so that means I usually take Saturday off.
For a guy with a host of psychiatric disorders you're pretty goddamn functional. At least on this forum.
It's why I stepped down as a mod. And why I take long absences. I'm not capable of functioning in a work environment-- at least, not for long. Nobody's willing to keep someone on payroll who has to take off randomly in the middle of shifts or call in sick for weeks at a time.
Yeah it does bump you into another tax bracket but you still take home a more. My 75hr check is a hell of a lot bigger than my 48hr check.I always found that 8 hours was the max optimum amount of overtime. If I am not wrong the higher wage of overtime will face highest marginal tax rate. The overtime work can actually push one into a higher tax bracket.
The part I bolded explains what money is. It's not wealth, it's an accounting tool that we use to measure wealth with, and something that we use as a medium of exchange. Money in itself isn't productive, it's only productive when it is put to use. Someone saving money in a jar or in a bank account isn't doing anything productive with it, and surely they understand that over time, money reduces in value.