[Hawkcreek]

--

[mmasters]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('mmasters', '
')
I would guess it's gonna be more Argentina style with a bond crisis accompanied by mad inflation and possibly banks restricting access to people's accounts. I'm interested to see how well they keep the CDO toxic waste under control.

[I_Like_Plants]

Threadbear, Hawk, thanks.

Yeah, if I'd had the money at the times, I know I'd have (a) gotten suckered into the dot-com bubble and lost my shirt, or (b) gotten suckered into the housing bubble and be about ready to lose my shirt. As it is I've lost my shirt anyway but for a lot less money and besides, I just got a new shirt for $3 at Goodwill yesterday, I'm wearing it right now lol.

Yes, Hawk, you are right, and you are thinking the same way I am. Too often, working for someone else sucks balls. I have to get through this crisis and it may take a few years, but when I get something going again, it will be my own biz and it will be run right. And people don't realize, the guy washing windows or detailing cars or making shoes that fit people's bunions or doing some other humble thing, is often making a lot more than an engineer and a lot happier.

Not so much lately, but over the first 8 years of my Ebay career, I'd have people like engineers, nurses, etc get green with envy talking to me, and would tell me how they want so much to do it. This envy has faded away, interestingly.

Right now my plan is to try caricature drawing. Not that I'm not open to doing other things, including playing music on the street, my other big fascination, but it's something I think I have a knack for, and it's not likely to annoy 50% of the people within 100 yards like playing music in the street can.

But, getting back on topic, yeah, the economy has been based on lending assuming the borrowers can keep on working and making as much as they do now, or more. When I was bicycle-only in 2005, I thought about this and thought, "Isn't it funny, the American economy depending on me and my bike and my messenger bag".

[Cloud9]

We live for the things we have always lived for, our selves and our families. Shoot the first brigand who steps through the door, and then the next and then the next. I time they will stop coming.

[dukey]

the 'big' bankers dont want money
they own the money supply
they want your assets, and to do that they need you to go bankrupt

[I_Like_Plants]

$this->bbcode_second_pass_quote('dukey', 't')he 'big' bankers dont want money
they own the money supply
they want your assets, and to do that they need you to go bankrupt

[dukey]

$this->bbcode_second_pass_quote('', 'W')ell the laugh's on them, I don't have any assets. No 40 acres and a mule, etc. No 401k no trust fun, no nothing.

So if I go bankrupt they don't win

[cynicalheretic]

I have my plan

Powerball

[I_Like_Plants]

$this->bbcode_second_pass_quote('dukey', '
')seems like in your case
they already won

you pay income tax ? If so they are still very much winning.

[fluffy]

$this->bbcode_second_pass_quote('Eli', 'T')he bigger problem for the banks is that the people they made the loans are sometimes better off just walking away.

[wisconsin_cur]

$this->bbcode_second_pass_quote('wisconsin_cur', '
')
I only have to stay solvent until my local sheriff's deputies find that it is no longer in their interest to kick people out of their homes or that so many people are on the street that banks either stop forclosing or the government puts an end to it. What is that break point? I don't know but I'm pretty sure I don't have to be debtless to reach that point. I just have to be in a better position than 30% or so of my neighbors (to guess a number). It is the first time in my life that I can score 31% on a test and still pass.

[PenultimateManStanding]

$this->bbcode_second_pass_quote('dukey', 't')his is by design (by the banks)

[buckyball]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('dukey', 't')his is by design (by the banks)
do we have to post the money masters link again or have we all seen it ?

Put some money into gold, or land.

[buckyball]

$this->bbcode_second_pass_quote('PenultimateManStanding', '')$this->bbcode_second_pass_quote('dukey', 't')his is by design (by the banks)

[Roccland]

$this->bbcode_second_pass_quote('buckyball', 'T')he powers in charge do not want to feed 6 billion starving people.

[Keith_McClary]

Surely they meant "swath", not "swathe" = "bandage or wrapping".

Or maybe they did mean "swathe" .