I'd like to see,

[Gunfighter14e2]

a margin call for all debt in this country. I've lived my life as a pauper to acquire the things I needed or wanted based on the fact, tomorrow would come. For a long time now I've seen people so deep in debts over wants it's not even funny. My grandfather made a statement to me the last time I seen him, to the effect only a rich man can afford to finance. I never understood that fact until I run the numbers on the first mortgage I applied for. I quickly declined the lone an went another direction which paid off in spades now in retirement. The folks I'm seeing now seeming have no clue about the difference between needs an wants vs tomorrow.
Am I nuts, or just that far out of touch with today's world?

 

[pmclaine]

Pain is coming.

It wont hurt the top tier so much.

It wont effect the FSA so much.

It will make our national debt a big issue.

The middle class will pay but they should realize on the other side they will be stronger.

For ten years we have had a fake economy.

We can call 0% interest rates "stimulus" or what it really is - recognition our currency is worth less than the fancy Crane paper it is printed on.

Obama needed 0% to run up his added ten trillion debt doubling our deficit.

Its a purposefully planted time bomb. He insured we would be Greece at some point in time after his Presidency.

Now rates are rising to where they should be. It is going to effect credit cards as well as that 20 trillion dollar interest payment.

People are going to feel pain. If you were smart with your mortgage you have your 3% rate and the coming inflation is actually going to pay for your house.

If you have been careful with your personal debt you should be fine.

If you are a senior you should be able to take money out of the stock market ponzi game and secure your savings in a CD or some such instrument and actually make a reasonable secure return.

Trump has his own problems as he shows he has no problem blowing through money but if people can manage the pain of rebuilding the economy we should be on a solid foundation with real jobs, decent wages, and a dollar that is worth more than 0%.

Things are going to cost more, you will pay more for credit, this will be tough to initially accept for our WalMart mentality but if we do it there is going to be security and sanity on the other side.

 

[ArmyJerry]

You been played, the government has put you in debt for 200 trillion, they gave away money in your name. You should have lived as a king on OPM

a margin call for all debt in this country. I've lived my life as a pauper to acquire the things I needed or wanted based on the fact, tomorrow would come. For a long time now I've seen people so deep in debts over wants it's not even funny. My grandfather made a statement to me the last time I seen him, to the effect only a rich man can afford to finance. I never understood that fact until I run the numbers on the first mortgage I applied for. I quickly declined the lone an went another direction which paid off in spades now in retirement. The folks I'm seeing now seeming have no clue about the difference between needs an wants vs tomorrow.
Am I nuts, or just that far out of touch with today's world?

 

[Maggot]

You been played, the government has put you in debt for 200 trillion, they gave away money in your name. You should have lived as a king on OPM

No shit. I paid off my mortgage and student loans. Then Obama forgave them for everybody else.

 

[MtnCreek]

If all debt was called tomorrow it would defeat the purpose for those holding the paper. Our currency would become (or unveil itself to be) worthless.

 

[Gunfighter14e2]

I don't think I've been played, I think the upper class an the FSA has been played. I am w/o debt (have been for over 40years) have many skill sets with the tooling to back them an others up. I think the ones who have been played are those w/o life skill sets. Money to those types (an me) has never held value. When you drive around this country if your paying attention, you can quickly see the difference of who is the plastic/look at me types an those who are not.

 

[Gunfighter14e2]

If all debt was called tomorrow it would defeat the purpose for those holding the paper. Our currency would become (or unveil itself to be) worthless.

Which in reality it is, is it not? Money is only worth something if someone else is willing to take it, is it not?

 

[Nik H]

Cash is King

Having some debt is OK. Having a negative net worth is imbecilic.

People no longer plan for tomorrow. At some point, the debt will be called and then the shit will fly

 

[Maser]

In this day and age, getting into debt for the rest of your life is way easier than you think. I got friends who are younger than me and they're in like $30k credit card debt and they will be paying that shit off for the rest of their lives! I pay for shit with cash anytime I can and when I can't such as ordering stupid nerdy shit online, I use a debit card.

As a Libertarian, I say if you can't afford something, DON'T FUCKING BUY IT!!!!!!

 

[Gunfighter14e2]

Cash is King

Until you try by a airline ticket or rent a car. Those two are reason I got a C/C why back when, but the bill is P/I/F the day the statement comes in. I've never allowed any balance to carry over all the years I've had one. One of the issues I see is many think their C/C's never have to be paid! I know a bunch of people who did a home loan credit line, an two of them are now renting, when they had homes paid off just 4 years ago. Guess old PT was right!

 

[Lrdchaos]

It amazes me how scary cc’s are to people. If you’re not using a cc you are missing out. Why would you not want cash back, airline Miles or a number of other benefits at the cards have? Not to mention if someone steals your cc number you dispute the claim and move one, see what happens with a debit card and how long it takes the bank to correct the issue. Hopefully they don’t empty your account when they steal your debit card number, then you have no cash to be king.

It’s pretty simple....get a credit card with cash back/Miles, buy something and when th statement comes in pay it off. Simple as that.

 

[Lrdchaos]

In this day and age, getting into debt for the rest of your life is way easier than you think. I got friends who are younger than me and they're in like $30k credit card debt and they will be paying that shit off for the rest of their lives! I pay for shit with cash anytime I can and when I can't such as ordering stupid nerdy shit online, I use a debit card.

As a Libertarian, I say if you can't afford something, DON'T FUCKING BUY IT!!!!!!

So what would you have someone in their early 20s do when trying to buy a house? The majority of the time they don’t have the 50-60 laying around to buy a entry level house, would you have them rent? That’s terrible advise if so. Grandpas old sayings don’t apply as much anymore when you consider the cost of living/getting by and what jobs are paying.

 

[MtnCreek]

Which in reality it is, is it not? Money is only worth something if someone else is willing to take it, is it not?

Around 100 trillion promised out with nothing but deficits and printing going on, I'd say it just boils down to when it becomes apparent.

A guy I know was in sales and my salesman. We became friends and he liked to talk politics. Discussing similar to this he asked what I thought. I smiled and told him the quickest way out was to pick the reddest commie every time he voted and that would help speed up the process. Crash and all that comes with it is the only solution. I just hope the folks are smart enough to trace it to the source and eliminate it.

 

[W54/XM-388]

The last time your rulers decided it was time to skim a bit off the top around the 2008 time frame, the middle class, upper middle class and low rich class were the ones who were wiped out and had their life savings stolen away from them.

The government didn't bail out people's mortgages, the government, paid the banks (on the backs of future taxpayers) so they could afford to strip as many houses from people as they could, often outright breaking the law to do so, providing them near unlimited credit so they could afford to steal everyone's houses and then wait to sell them at a profit instead of being forced to re-negotiate the loan terms to actual decent ones that people could afford.

Then they played out the lie that "people were irresponsible taking out loans they couldn't afford" when it was actually that your average person had been suckered into bad loans (often by complete outright fraud) that were designed to make it near impossible to service them, specifically so they could loose the property and the lender could get paid back 3 different ways. But they got you all to play the blame the victim game and laughed all the way as they got paid many times over off your backs.

The Super rich as usual got to get way richer than before and the people living off the government didn't miss a beat.

Have you noticed since 2008 the concentration of wealth into the hands of the elitists has skyrocketed while all that used to think of themselves as comfortable middle class are now having to watch carefully?

Something most fail to understand is it wouldn't matter if all the debts were called in or the money collapsed, money and loans are just the tools that enslave you, your actual rulers own nations and their "holdings" are guaranteed by the perpetual enslavement of the population.
Study the history of "Money" and "Sovereign debt" and global capital for the past 300 years and you'll understand.

Here is a quick example, most people think Diamonds are valuable and worth a lot and these great investments or things worthy of keeping and getting. To those who actually run the racket, diamonds for the most part are just pebbles that sparkle with the exception of a much smaller subset that are actually rare unique pieces, other gems are more precious to them and diamonds are actually way too common, but you are made to think all these little diamonds are of great value by a complex system of control & propaganda.

People wonder why the super rich are buying up all this expensive fancy stuff? To them it is just like money, items of value to them and their peers that can be traded back and forth, because they know the score, it's not a secret, the Federal Reserve chairman openly stated his plan years ago to devalue the US currency by at least 25% over 20 years as yet another tax on the working stiffs to help the government & rich out.

 

[Srgt. Hulka]

It amazes me how scary cc’s are to people. If you’re not using a cc you are missing out. Why would you not want cash back, airline Miles or a number of other benefits at the cards have? Not to mention if someone steals your cc number you dispute the claim and move one, see what happens with a debit card and how long it takes the bank to correct the issue. Hopefully they don’t empty your account when they steal your debit card number, then you have no cash to be king.

It’s pretty simple....get a credit card with cash back/Miles, buy something and when th statement comes in pay it off. Simple as that.

That’s the reason I don’t have a debit card. Never had one and never will. I pay everything with credit card and pay it off each month. Any time I’ve had a problem with the CC, the CC company contacts me immediately and it’s taken care of. Oh, and I pay for most of Christmas each year with the cash back.

 

[Gunfighter14e2]

The problem with CC's is most of those paying cash are not smart enough to get the 5% off at the reg to drop the inflated product pricing. Retailers are starting to see many like me tell them it's either 5% off or keep the shit an I'll get it down the street. Those that think they are getting free anything from a CC have no idea they are in reality getting scammed, via the product add on price for dealing with CC's. We have a local gun shop that upped their bottom line by 12-14% while giving a 5% discount for cash. Others in the area are looking at that model real hard. Those that pay off their CC's every month is great but the bottom line is most all the produces they buy are inflated by at least 5% to comp the retailer for the card company's fee's.

 

[pmclaine]

CC are great if you manage them.

Had an REI card that paid me close to $400 yearly in rewards but the went full anti 2A retard so it was cancelled.

Had a Chase 2% Cash Back card than they went full retard anti 2A so it was cancelled. Last purchase was 500 rds 9mm at Cabelas and I used the $40 I earned the month I had it to buy a scope.

Now I have a US Bank Cash Plus which came with a $150 bonus and pays varying amounts of cash back. Ive earned $200 over the last two months and will spend those earnings on gun stuff. Fingers crossed they dont go full retard.

 

[ArmyJerry]

Once you add in your portion of the national debt, 99.9% of our country has a negative net worth. People that dont plan for tomorrow will vote to take from those that did, it already happens. Debt or no debt we are all tax slaves.

Cash is King

Having some debt is OK. Having a negative net worth is imbecilic.

People no longer plan for tomorrow. At some point, the debt will be called and then the shit will fly

 

[ArmyJerry]

You all have bee played by the two parties.

 

[pmclaine]

You all have bee played by the two parties.

Well there will be Bernie in 2020 now the Dems have decided they dont want him

 

[Bradu]

Pain is coming.

It wont hurt the top tier so much.

It wont effect the FSA so much.

It will make our national debt a big issue.

The middle class will pay but they should realize on the other side they will be stronger.

For ten years we have had a fake economy.

We can call 0% interest rates "stimulus" or what it really is - recognition our currency is worth less than the fancy Crane paper it is printed on.

Obama needed 0% to run up his added ten trillion debt doubling our deficit.

Its a purposefully planted time bomb. He insured we would be Greece at some point in time after his Presidency.

Now rates are rising to where they should be. It is going to effect credit cards as well as that 20 trillion dollar interest payment.

People are going to feel pain. If you were smart with your mortgage you have your 3% rate and the coming inflation is actually going to pay for your house.

If you have been careful with your personal debt you should be fine.

If you are a senior you should be able to take money out of the stock market ponzi game and secure your savings in a CD or some such instrument and actually make a reasonable secure return.

Trump has his own problems as he shows he has no problem blowing through money but if people can manage the pain of rebuilding the economy we should be on a solid foundation with real jobs, decent wages, and a dollar that is worth more than 0%.

Things are going to cost more, you will pay more for credit, this will be tough to initially accept for our WalMart mentality but if we do it there is going to be security and sanity on the other side.

This is an excellent post on what's going on and what's to come. The wife and I are fortunate that we have little debt compared to most people. Between the house, two vehicles and a couple other things we probably owe 70k all together. It's more than I like but it's manageable.

I'm still amazed at the amount of people with such poor credit and the people that struggle paycheck to paycheck. I work with one guy that if his direct deposit isn't in the bank Thursday night, he can't afford his coffee and cigarettes from the gas station on Friday. We get paid weekly too

 

[ArmyJerry]

If the repubs were smart they would invite him to caucus with them they are socialist, he is socialist, they just passed a trillion dollar non funded budget he wants t pass a 32 trillion non funded budget, he fits in there just like black eyes and peas go together..

Well there will be Bernie in 2020 now the Dems have decided they dont want him

 

[MtnCreek]

CC are great if you manage them.

Had an REI card that paid me close to $400 yearly in rewards but the went full anti 2A retard so it was cancelled.

Had a Chase 2% Cash Back card than they went full retard anti 2A so it was cancelled. Last purchase was 500 rds 9mm at Cabelas and I used the $40 I earned the month I had it to buy a scope.

Now I have a US Bank Cash Plus which came with a $150 bonus and pays varying amounts of cash back. Ive earned $200 over the last two months and will spend those earnings on gun stuff. Fingers crossed they dont go full retard.

I did not know that. The two cards I carry are chase.

 

[EddieNFL]

If the repubs were smart they would invite him to caucus with them they are socialist, he is socialist, they just passed a trillion dollar non funded budget he wants t pass a 32 trillion non funded budget, he fits in there just like black eyes and peas go together..

I think it's black-eyed peas and rice.

 

[pmclaine]

I did not know that. The two cards I carry are chase.

Yes Chase stopped dealing some firearms transactions.

https://www.usatoday.com/story/mone...makers-while-wells-fargo-continues/515430002/

 

[AndreC]

a margin call for all debt in this country. I've lived my life as a pauper to acquire the things I needed or wanted based on the fact, tomorrow would come. For a long time now I've seen people so deep in debts over wants it's not even funny. My grandfather made a statement to me the last time I seen him, to the effect only a rich man can afford to finance. I never understood that fact until I run the numbers on the first mortgage I applied for. I quickly declined the lone an went another direction which paid off in spades now in retirement. The folks I'm seeing now seeming have no clue about the difference between needs an wants vs tomorrow.
Am I nuts, or just that far out of touch with today's world?

Gunfighter:

IMHO, the entire social model is backwards, and the opposite of how it should be:

If you are honest, hard-working, frugal, and "follow all the rules", you get screwed over, every time you turn around...

If you are a liar, a cheat, a thief...you probably work in D.C., or on Wall Street (and are generously compensated for it).

"Pop culture" imagery does not look kindly upon virtuous behaviors or attitudes...and instead glorifies 'the lowest common denominators'.

It makes me sick, because I can remember when times were different;

This "multi-culti" bullshit we have now, touts an ideology of "celebrating diversity", on the understanding that EVERY form of degeneracy and weirdness is socially-acceptable, due the presumption that we are all 'equal' (though 'some animals are more equal than others', due to their status as protected classes).

The road to hell is paved with good intentions.

At least, through my reading here on SH, and the other forums I'm active on, it is apparent to me that people who think like we do are still in the majority, despite what the media would have us believe.

I get the feeling that before my life is over, there will be an all-out war in this country, fought between the principled people who love America, and the traitors who would see it destroyed.

Keep your powder dry, and Godspeed!

A.

 

[mdmp5]

No shit. I paid off my mortgage and student loans. Then Obama forgave them for everybody else.

I’d like to know where student loans have been forgiven. They are on their way to destroying my life

 

[Lrdchaos]

I believe they are forgiven after 20 years if I remember correctly, or that was the initial plan. At one time if you entered a career in public service your loans would be forgiven after a certain amount of time, that’s no longer the case.

 

[Gunfighter14e2]

What are we teaching by saying we will loan you the money, for your liberal education but you'll never have to pay it back?
Why don't they just say, if you step over to our side we will take care of you with money made by the low life working class in this country. You know your better then them anyway, so step over a let someone else foot all the bills. Went it starts, it will be pay back for a life time of being fucked over, for many.

 

[pmclaine]

What are we teaching by saying we will loan you the money, for your liberal education but you'll never have to pay it back?
Why don't they just say, if you step over to our side we will take care of you with money made by the low life working class in this country. You know your better then them anyway, so step over a let someone else foot all the bills. Went it starts, it will be pay back for a life time of being fucked over, for many.

College has been ruined.

I say this sadly because my college experience was great. My education was good value for the money and it has provided a return on investment.

Kids now a days can not say that.

I went at a time when there were opportunities for work other than white collar or unskilled.

Good careers were available in the skilled labor market and the bulk of high school grads went that route. College attracted a smaller, prepared population.

Now everyone is on the college path as opportunities for manufacturing managers, skilled operators have dwindled.

College has watered down its expectations with the less prepared masses being pushed upon them and the greater population seeking something has increased costs to provide the professors and the infrastructure.

The trades area is the last bastion of the non college educated worker but vocational ed is neglected due to its lack of providing lucrative tenure to educators and we are seeing sloppy trades people entering the work force.

Funny how things have declined since the Dept of Ed was established - who would have figured that?

 

[mdmp5]

I believe they are forgiven after 20 years if I remember correctly, or that was the initial plan. At one time if you entered a career in public service your loans would be forgiven after a certain amount of time, that’s no longer the case.

What are we teaching by saying we will loan you the money, for your liberal education but you'll never have to pay it back?
Why don't they just say, if you step over to our side we will take care of you with money made by the low life working class in this country. You know your better then them anyway, so step over a let someone else foot all the bills. Went it starts, it will be pay back for a life time of being fucked over, for many.

You guys have it wrong here. You are witnessing racketeering at its finest. Just another technical way to rob the country and creating more debt. These shit schools just keep jacking up tuition because they know the government will make the funds available. People have no choice today because now college and even grad school has become an obligation. It’s completely fucked up

The student loans are “forgiven” after 25 years of payments. However, the balance, which includes the fucking magic interest rates gets reported to the IRS as ordinary income. So at 65, I may be hit with a fucking tax lien if I hadn’t serviced the principal and scumbag usury. Public service/ non profit works fine if you’re practicing medicine in a hospital that qualifies for 10 years. but in my case, I cannot do this, so I’m on the hook. It’s an impossible dilemma for many people

 

[ArmyJerry]

Paying for your own communist indoctrination is ingenious.

 

[pmclaine]

Didnt Obam take over the college loan business?

So instead of dealing with a private company all student deal with US for loans?

 

[ArmyJerry]

Clinton Bush and Obama did, birds of a feather and all.

 

[mdmp5]

Paying for your own communist indoctrination is ingenious.

Yeah Jerry. Every single bit of education out there is communist indoctrination. You make way too many assumptions homie.

 

[ArmyJerry]

Nothing assumed here, I hire the product of the "best" schools in the country , nothing being assumed here.