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Thread: The Economy: A House of Cards

  1. #21
    [QUOTE=PlumberKhan;2234094]a glutted housing market contributed to it. But I know...they should suck it up and quit being wussies. :D[/QUOTE]

    You mean that huge housing buildup of just a few years ago, when houses were popping up everywhere and folks were making money hand over fist?

    And now they are suprised the market for that specific service got overfilled, and now there is enough houses available for those who can afford them?

    Wow, maybe they should have taken Econ 101 and paid some attention to the "Supply and Demand" section, eh?

    And no Dawgg, they CAN'T work at McDonalds (as if a hard working McDonalds job is somehow beneath you?) because or two wonderful parties have those jobs (and many many others, likely including the house-building Plumbers friends are suffering in) filled with Illegals.

  2. #22
    [QUOTE=Warfish;2234107]Actually, I can. I'm willing to bet I make substantially less than most of our resident Adult Working JI-Politic-Board posters.

    Gas here went from $2.75/Gallon to $3.10/Gallon, give or take of course. That change is not what I would call "soaring", nor has it effected my driving choices in the very least.

    My heating costs havn't gone up substantially? Is $120/month "substantially higher" than $105/month? I would say no.

    Food prices? Lawl. As if $150 every week is SOOOO much more a burden than $140 a week.

    Sorry man. As a lower-middle-class American, I don't buy it that the economy has gotton as bad as you all like to claim.[/QUOTE]


    Maybe I am just the type that likes to keep more of my money that makes me feel this way. Just think, the food and energy costs are 50-60 USD per month.

    To me that adds up. I could save that for me and my future

  3. #23
    Jets Insider VIP
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    [QUOTE=Warfish;2234115]You mean that huge housing buildup of just a few years ago, when houses were popping up everywhere and folks were making money hand over fist?

    And now they are suprised the market for that specific service got overfilled, and now there is enough houses available for those who can afford them?

    Wow, maybe they should have taken Econ 101 and paid some attention to the "Supply and Demand" section, eh?[/QUOTE]


    Pay attention, Warfish.

    I said they had business for over 20 years. They weren't one of those builders that threw up particle board sh*tholes. They were custom home builders that used real wood and did almost the entire job themselves. They were building houses right through the collapse in the late 80's because they made a quality product.

    I met them while working on Rocco DiSpirito's house in Taconic. Decent fellas, they are.

    So instead of lambasting them as stupid for not understanding supply and demand, why don't you just have a f*cking heart for a minute and realize that some other people in this country are going through kind of a rough patch.

    While our economy may not be a "house of cards" it isn't a bed of roses for everybody either. Some very good decent people are gonna suffer because of high energy cost.

  4. #24
    [QUOTE=Warfish;2234107]Actually, I can. I'm willing to bet I make substantially less than most of our resident Adult Working JI-Politic-Board posters.

    Gas here went from $2.75/Gallon to $3.10/Gallon, give or take of course. That change is not what I would call "soaring", nor has it effected my driving choices in the very least.

    My heating costs havn't gone up substantially? Is $120/month "substantially higher" than $105/month? I would say no.

    Food prices? Lawl. As if $150 every week is SOOOO much more a burden than $140 a week.

    Sorry man. As a lower-middle-class American, I don't buy it that the economy has gotton as bad as you all like to claim.[/QUOTE]

    Gas has gone from $1.30 in 1999 to $3.10 in 2007.... and yea maybe it don't really affect how much we drive but it does affect how much money we have to invest in the rest of the economy. We don't drive in a vacuum, high gas prices affect the economy.

    The housing market is falling apart because the central bank and there artificially low interest rates.

    Oil is close to $100 dollars a barrel

    The national debt is about $9 trillion today... When the baby bombers retire it will add over [B]60 MORE trillion[/B] to said debt.

    Maybe sh*t isn't that bad at this moment but if you realize that the path this country is on, you would realize that you are dead wrong on this issue. The government is financing this country via credit card sooner or later the cards going to max out and then what? Whats your plan? Let the next generation deal with it?

    Truth is the next generation of this country will have less than there parents had... but you know thats fine, as long as [B]YOUR[/B] not affected by it.

  5. #25
    [QUOTE=PlumberKhan;2234137]Pay attention, Warfish.

    I said they had business for over 20 years. They weren't one of those builders that threw up particle board sh*tholes. They were custom home builders that used real wood and did almost the entire job themselves. They were building houses right through the collapse in the late 80's because they made a quality product.

    I met them while working on Rocco DiSpirito's house in Taconic. Decent fellas, they are.

    So instead of lambasting them as stupid for not understanding supply and demand, why don't you just have a f*cking heart for a minute and realize that some other people in this country are going through kind of a rough patch.

    While our economy may not be a "house of cards" it isn't a bed of roses for everybody either. Some very good decent people are gonna suffer because of high energy cost.[/QUOTE]

    I'll pay attention if you will my friend.

    I am sure you're friends are great folks. But that is absolutel irrelevant.

    The Housing Market boomed massively. They failed to either price themselves to the booming market, or do such quality work that they could survive as a specilist builder. The market flooded, tons of money was made, and then as with EVERY OTHER MARKET, the boom eventually dried up as supply > demand.

    Perhaps your friends should have adapted, just like everyone else has to. Think my amazing Commodore 64 Computing skills should still be carrying me through my professional life today? Should I be pissed at the "bad economy" that the Commodore 64 Processing Jobs all dried up.

    Adapt, or die. Your friends failed to. And their business died. They teach this stuff in Intoduction to Business for ****s sake.

  6. #26
    [QUOTE=jefethegreat;2234188]Truth is the next generation of this country will have less than there parents had... but you know thats fine, as long as [B]YOUR[/B] not affected by it.[/QUOTE]

    I have never ever hidden the fact that I don't give a flying **** about YOUR kids and the burdens they'll face.

    You vote for what is important to you, and if thats your kids economic future over your own, that is YOUR choice. MY choice is to ensure I live the best quality of life I can.

  7. #27
    [QUOTE=Warfish;2234190]I'll pay attention if you will my friend.

    I am sure you're friends are great folks. But that is absolutel irrelevant.

    The Housing Market boomed massively. They failed to either price themselves to the booming market, or do such quality work that they could survive as a specilist builder. The market flooded, tons of money was made, and then as with EVERY OTHER MARKET, the boom eventually dried up as supply > demand.

    Perhaps your friends should have adapted, just like everyone else has to. Think my amazing Commodore 64 Computing skills should still be carrying me through my professional life today? Should I be pissed at the "bad economy" that the Commodore 64 Processing Jobs all dried up.

    Adapt, or die. Your friends failed to. And their business died. They teach this stuff in Intoduction to Business for ****s sake.[/QUOTE]

    Let's look at why booms and busts occur in the 1st place, instead of stability. It's because we have central planning with interest rates instead of markets determining interest rates. That is known as socialism. Vladimir Lenin said that centralization of credit is 90% of communizing a nation.

    The Fed set interest rates artificially low in the 90s and early 00s. The Money supply has tripled in the last ~17 years. THAT is why we are in the situation we are in.

    The result of this arrangement is inflation to come in the next 10 years because foreign nations no longer want to hold US dollars and trade in them. All those excess dollars will work their way back into American and prices will rise. Inflation is nothing more than theft of people's savings by the state. It is the most deceptive tax there is and no politician wants to talk about the fact that we are doomed for higher inflation, and as a result higher interest rates and lower economic growth.

    It's time to restore economic sanity to the world. The central banking system which is owned by private paper-chasing international banks has done more harm than good because only 1 class of interest gets represented. And it's not the manufacturer, producer or the laborer, it's only the speculator.
    Last edited by JetsCrazey; 11-28-2007 at 03:53 PM.

  8. #28
    [QUOTE=JetsCrazey;2234207]Let's look at why booms and busts occur in the 1st place, instead of stability. It's because we have central planning with interest rates instead of markets determining interest rates. That is known as socialism. Vladimir Lenin said that centralization of credit is 90% of communizing a nation.

    The Fed set interest rates artificially low in the 90s and early 00s. The Money supply has tripled in the last ~17 years. THAT is why we are in the situation we are in.

    The result of this arrangement is inflation to come in the next 10 years because foreign nations no longer want to hold US dollars and trade in them. All those excess dollars will work their way back into American and prices will rise. Inflation is nothing more than theft of people's savings by the state. It is the most deceptive tax there is and no politician wants to talk about the fact that we are doomed for higher inflation, and as a result higher interest rates and lower economic growth.

    It's time to restore economic sanity to the world. The central banking system which is owned by private paper-chasing international banks has done more harm than good because only 1 class of interest gets represented. And it's not the manufacturer, producer or the laborer, it's only the speculator.[/QUOTE]

    And your real-world, actually-possible solution to this devious conspiracy-of-the-damned is.......?

    What?

  9. #29
    hey by the way the dow is up 300 points today

    the dollar rose

    economy is not in the toilet

  10. #30
    [QUOTE=Warfish;2234221]And your real-world, actually-possible solution to this devious conspiracy-of-the-damned is.......?

    What?[/QUOTE]

    communism! ;)

  11. #31
    [QUOTE=Warfish;2234221]And your real-world, actually-possible solution to this devious conspiracy-of-the-damned is.......?

    What?[/QUOTE]

    Where did I say conspiracY? This is merely the bad habits we have developed in conducting our affairs, and the day of reckoning is faast approaching, as it has for every other empire that has switched to unbacked currency.

    The actually-possible solution is firstly to take the capital gains taxes off gold and silver to allow for competing currencies. That way, people will have an alternative to the crap US dollar and their savings won't get eroded. The fact that our govt can legally confiscate gold and silver (which are legal money according to the constitution) is downright tyrannical and it has no place in a supposedly economically free country. This is the first thing that Ron Paul would do if he were in office.

    The next step is to work out a 10 year program to buy back the assets of the Federal Reserve and affix monetary growth to a responsible, non-inflating figure, and institute money without interest bearing debt that is bottomed on our taxes.

  12. #32
    [QUOTE=JetsCrazey;2234237]Where did I say conspiracY? This is merely the bad habits we have developed in conducting our affairs, and the day of reckoning is faast approaching, as it has for every other empire that has switched to unbacked currency.

    The actually-possible solution is firstly to take the capital gains taxes off gold and silver to allow for competing currencies. That way, people will have an alternative to the crap US dollar and their savings won't get eroded. The fact that our govt can legally confiscate gold and silver (which are legal money according to the constitution) is downright tyrannical and it has no place in a supposedly economically free country. This is the first thing that Ron Paul would do if he were in office.

    The next step is to work out a 10 year program to buy back the assets of the Federal Reserve and affix monetary growth to a responsible, non-inflating figure, and institute money without interest bearing debt that is bottomed on our taxes.[/QUOTE]

    How will Ron Paul do all this? Executive Order? Because in the real world, there is not a snowballs chance in hell Congress would pass such legislation. Not a single piece of what you mention.

  13. #33
    [QUOTE=bitonti;2234222]hey by the way the dow is up 300 points today

    the dollar rose

    economy is not in the toilet[/QUOTE]

    Go to Michigan and say that!!!!

  14. #34
    flushingjet
    Guest
    to the paulestinian coalition of the unwilling-
    neo-Nazis, troofers, isolationists, tin foil hatters, gullible college kids, anti-semites, luddites, and other assorted fruits, nuts and libs pretending to be "conservatives"-
    we can now add pimps

    from the ass-ociated press,
    [URL]http://www.msnbc.msn.com/id/21973236/[/URL]

    now thats what i call "picking up" support

  15. #35
    [QUOTE=Warfish;2234249]How will Ron Paul do all this? Executive Order? Because in the real world, there is not a snowballs chance in hell Congress would pass such legislation. Not a single piece of what you mention.[/QUOTE]

    I'm noy saying Ron Paul will abolish the Fed, I'm saying that's what we should be working towards if we want a more stable, more free economy. the price level has been more unstable since the Fed was created.

    What Ron Paul would definitely do is take the unconstitutional capital gains taxes off legal currency (gold and silver). He'd also repeal the Emergency Bankign Act of 1933 (still in effect) which legally allows the govt to confiscate gold and silver. We have technically been under emergency law since 1933.

    Why do we have capital gains taxes on gold and silver? Because if there weren't, Americans would realize how worthless and unreliable the Federal Reserve currency really is.
    Last edited by JetsCrazey; 11-28-2007 at 04:14 PM.

  16. #36
    [QUOTE=Jetdawgg;2234251]Go to Michigan and say that!!!![/QUOTE]

    Too bad he might have to say it in Arabic for anyone to understand him.

    [QUOTE=JetsCrazey;2234268]What Ron Paul would definitely do is take the unconstitutional capital gains taxes off legal currency (gold and silver).

    He'd also repeal the Emergency Bankign Act of 1933 (still in effect) which legally allows the govt to confiscate gold and silver.[/QUOTE]

    Okay, and he can do that all on his own, without approval or Congressional Action? Why am I thinking that he could not......

    He may WANT to do those things (I'll believe it when I see it, whcih wont be anytime soon of course), but he cannot do it on his own. Congress makes the Law remember.

  17. #37
    [QUOTE=Warfish;2234291]Too bad he might have to say it in Arabic for anyone to understand him.QUOTE]

    There are Arab Americans that speak English. That sound like something out of a Romney playbook

  18. #38
    [QUOTE=Jetdawgg;2234251]Go to Michigan and say that!!!![/QUOTE]

    there is no free market way to protect jobs and stay lean and mean

    if the auto companies in michigan made better cars than the Japanese they wouldn't have any problem

    it's survival of the fittest, that's why the foreigners like to invest in USA, we aren't as socialistic as Europe or China.

  19. #39
    [QUOTE=Warfish;2234200]I have never ever hidden the fact that I don't give a flying **** about YOUR kids and the burdens they'll face.

    You vote for what is important to you, and if thats your kids economic future over your own, that is YOUR choice. MY choice is to ensure I live the best quality of life I can.[/QUOTE]

    Haha... wow MY KIDS. Yeah **** the next generation because they have no barring on YOU when you are old and needy. What about YOUR retirement... or lack there of... yeah that will ensure your quality of life. Again, we do not live in a vacuum.

    The bottom line is if you trust government to take care of you, you are naive, and that includes monetary policy. Our monetary policy is socialist, having sound money will solve many of our fiscal woes.

  20. #40
    My Lord.....where to begin?

    [QUOTE]Yeah **** the next generation because they have no barring on YOU when you are old and needy. [/QUOTE]

    Yes, exactly. **** them. And no, they will NOT have a bearing on my old age, as I will NOT be "needy". Personal Responsabillity works great when applied correctly.

    [QUOTE]What about YOUR retirement... or lack there of... yeah that will ensure your quality of life.[/QUOTE]

    My retirement will be paid for.....by me. Any little pittance I get from Social Insecurity will not, trust me, be a major part of my qualify of life post Retirement.

    I assume like your fellow Ron "E-LOVE-UTION" Paul supporter JC, you think Ron Paul will simply wave a magic wand, and create a fiscal utopia. Reality Check, if in some crazy alternate universe Ron Paul has ANY Chance to get elected President, he STILL has to get every single one of the changes you want approvel by the actual law-making body of our Government. Want to take bets on how THEY might vote on the Ron Paul changes?

    Let me guess, Ron Paul will use "DIPLOMACY!" on Congress?:D

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