Corvette Forum : DigitalCorvettes.com Corvette Forums banner
41 - 52 of 52 Posts

·
Banned
Joined
·
31,366 Posts
Discussion Starter · #41 ·
It is very simple. I will do one more analogy so you understand. If you have your houshold budget and you buy a house and a boat and a car and some other things , and you can afford them, then you simply make the payments and you live happily. If you suddenly lose your overtime and cannot make the payments you have to sell some things or borrow money to make up the difference between your bills and your income. If you cannot sell anything fast enough you have to get some kind of loan to make up the difference. If you choose not to take on this debt and not make the payments, then you will default on your loans. the interest on all your credit cards will instantly shoot up to the maximum rate, of about 33%, and you will start loosing your stuff. Your credit will become **** and any loan you hope to get will cost you much more. Your insurance will also go way up.
Does this sound like the fiscaly responsible choice to make???
Let me play on your scenario with a real life one. :laughing:

If your overextended to the point that losing part of your income puts you in a position to default, or make another loan, odds are you don't qualify for a loan. Your items are probably not worth the fiat currency owed on them (50% of the homeowners in the country now) so you have a choice, make those payments and try to save your credit, or eat and feed your kids.

The US is already maxed out, like most of it's people are, adding new debt to pay old debt isn't a sane choice, sure it's the moral choice, but you still gotta eat and feed your kids. It's the 40 years of fiscal irresponsibility that got us here.. adding more fiscal irresponsibility is by definition, insane, doing the same thing over and over again, expecting different results.

:cheers:
 

·
Banned
Joined
·
9,760 Posts
That wasn't harsh... was it ? Maybe we are both drinking... and do not realize it.

Dune got what he deserved... and that is the way that is. If he insulted you the way he did me... you would have done no different. ;)
Maybe so but then of course Ponch would delete all the nasty things I said and no one would ever see them. I on the other hand saw what you wrote and think it is beneath you. But it's all cool.
 

·
Registered
Joined
·
19,914 Posts
Have a great weekend, brother.
 

·
Banned
Joined
·
9,760 Posts
Let me play on your scenario with a real life one. :laughing:

If your overextended to the point that losing part of your income puts you in a position to default, or make another loan, odds are you don't qualify for a loan. Your items are probably not worth the fiat currency owed on them (50% of the homeowners in the country now) so you have a choice, make those payments and try to save your credit, or eat and feed your kids.

The US is already maxed out, like most of it's people are, adding new debt to pay old debt isn't a sane choice, sure it's the moral choice, but you still gotta eat and feed your kids. It's the 40 years of fiscal irresponsibility that got us here.. adding more fiscal irresponsibility is by definition, insane, doing the same thing over and over again, expecting different results.

:cheers:
Your scenario is a perfect one. But you fail to look at the final out come. If you can get a loan to meet your obligations, as the US can right now, you should if you want to maintain the ability to feed your family today and also tommorow. It is your chance to correct your past mistakes and become more responsible.
If you cannot get the loan you need then you are correct that you should default so that you can feed your family right now, but your life just went down the toilet for a long time. Your credit is now ****. If you lose your job you might not get another since most employers look at an applicants credit report to look for responsible fiscal action. Your credit cards that you hold a balance on will now jump to the default rate of 33%, that will certainly make it harder to get back on a solid financial footing. You will not be able to get any loans at a decent rate for many years, so credit is no longer an option for you. You could of course go bankrupt, but as you know of course that is not an option for a soverign State of Nation. In that situation the debt just piles on.
 

·
Banned
Joined
·
12,109 Posts
people in power positions know exactly what they are driving us into. This is not some accidental "oh we had good intentions" scenario, this is well designed.
Bipartisan Plutocracy: Obama is a Political Puppet


"The outspoken scholar and Princeton University professor Cornel West has been viciously attacked by many on the political left, especially supporters of President Obama. Why? Because he had the courage to call Obama a “black mascot of Wall Street oligarchs and a black puppet of corporate plutocrats.” For more of West’s views see this article.

Most of the attention has been on the use of the word “black,” as if the black Cornel West had made a racist comment. In fact, West got it right because he and some other true progressives have condemned Obama for not being an authentic progressive. Right again, Obama has never shown himself to be a true leftist progressive, even though many on the conservative right may think he is one. West thinks Obama “has no backbone.”

It is not that Obama is not black enough, as some think West was saying. It is about the dishonesty, deceit and corruptness of Obama.

What everyone should be praising West for is that he correctly made the point that Wall Street oligarchs and corporate plutocrats have stolen the US government by using vast sums of money to corrupt both Democrat and Republican politicians.

West just told the truth about Obama who got elected because as a candidate for president he received a huge sum from the most awful Wall Street company, Goldman Sachs.

What West has explained is that “poor and working people have low priority in US government policy including the Obama Administration.” No surprise because West is definitely a true liberal progressive who has been making this kind of criticism very openly for a long time. Indeed, if poor and working people, as well as all African Americans, would wake up to reality they would abandon Obama, even as the lesser evil. Obama has told too many lies and done too many wrong things to deserve their support.

Nearly all members of Congress, both Republicans and Democrats, are nothing more than mascots of Wall Street oligarchs and puppets of corporate plutocrats, something that all intelligent Americans, including those in the Tea Party movement, should totally agree with.

Here is something else West said: "The tea party folk are right when they say the government is corrupt. It is corrupt. Big business and banks have taken over government and corrupted it in deep ways....we've got to think seriously of third-party candidates, third formations, third parties."

Over at FutureofCapitalism.com this point was made: Obama “has basically enshrined the too-big-to-fail banks while also propping up GE and the firms that will benefit from ObamaCare.” True enough.

We need many more people that get mass media attention to say the kind of things that West has said. Americans need to be reminded incessantly that their government has been hijacked by rich and powerful elites.

With a corrupt two-party plutocracy elections no longer offer the promise of much needed reforms. Odds are that Tea Party people will realize that their favored Republicans will also not deliver a rehabilitated, honest government serving the interests or ordinary Americans."


http://www.globalresearch.ca/index.php?context=va&aid=24950
 

·
Registered
Joined
·
19,914 Posts
Bipartisan Plutocracy: Obama is a Political Puppet


"The outspoken scholar and Princeton University professor Cornel West has been viciously attacked by many on the political left, especially supporters of President Obama. Why? Because he had the courage to call Obama a “black mascot of Wall Street oligarchs and a black puppet of corporate plutocrats.” For more of West’s views see this article
Is he racist ? Can he be a racist ? -for disagreeing with the president in the most acrimonious manner ?


This article requires a depth in thought that you usually do not present in your posts or threads. I would really like to hear your take on what the Colonel is espousing... or the articles writer believes he is espousing.
 

·
Banned
Joined
·
12,109 Posts
Is he racist ? Can he be a racist ? -for disagreeing with the president in the most acrimonious manner ?


This article requires a depth in thought that you usually do not present in your posts or threads. I would really like to hear your take on what the Cornell is espousing... or the articles writer believes he is espousing.




:rolleyes:
 

·
Registered
Joined
·
19,914 Posts
Give us some depth in though, brother. Surly, a man of your intellect can produce some thought on the matter ? -Right ?

You didn't post the article simply because you saw the word "Plutocracy" -and felt it sounded impressive and intelligent -did you ?
 

·
Registered
Joined
·
19,914 Posts
So, nothing ? 45 minutes I gave you -to Google as much as you could to counter my suspicion. Nothing ? Nothing at all ? -no depth in thought ? -at all ?

This is yet another instance to show how easy it is to hold the leftist ideology. It requires so little thought or courage in belief. You are not required to think in any depth. All that is required of your intellect is the ability to charge your opponent with an adjective that describes a hateful position.

I feel pity for you Dune... I find you to be pitiable.
 

·
Banned
Joined
·
31,366 Posts
Discussion Starter · #52 ·
Bipartisan Plutocracy: Obama is a Political Puppet


"The outspoken scholar and Princeton University professor Cornel West has been viciously attacked by many on the political left, especially supporters of President Obama. Why? Because he had the courage to call Obama a “black mascot of Wall Street oligarchs and a black puppet of corporate plutocrats.” For more of West’s views see this article.

Most of the attention has been on the use of the word “black,” as if the black Cornel West had made a racist comment. In fact, West got it right because he and some other true progressives have condemned Obama for not being an authentic progressive. Right again, Obama has never shown himself to be a true leftist progressive, even though many on the conservative right may think he is one. West thinks Obama “has no backbone.”

It is not that Obama is not black enough, as some think West was saying. It is about the dishonesty, deceit and corruptness of Obama.

What everyone should be praising West for is that he correctly made the point that Wall Street oligarchs and corporate plutocrats have stolen the US government by using vast sums of money to corrupt both Democrat and Republican politicians.

West just told the truth about Obama who got elected because as a candidate for president he received a huge sum from the most awful Wall Street company, Goldman Sachs.

What West has explained is that “poor and working people have low priority in US government policy including the Obama Administration.” No surprise because West is definitely a true liberal progressive who has been making this kind of criticism very openly for a long time. Indeed, if poor and working people, as well as all African Americans, would wake up to reality they would abandon Obama, even as the lesser evil. Obama has told too many lies and done too many wrong things to deserve their support.

Nearly all members of Congress, both Republicans and Democrats, are nothing more than mascots of Wall Street oligarchs and puppets of corporate plutocrats, something that all intelligent Americans, including those in the Tea Party movement, should totally agree with.

Here is something else West said: "The tea party folk are right when they say the government is corrupt. It is corrupt. Big business and banks have taken over government and corrupted it in deep ways....we've got to think seriously of third-party candidates, third formations, third parties."

Over at FutureofCapitalism.com this point was made: Obama “has basically enshrined the too-big-to-fail banks while also propping up GE and the firms that will benefit from ObamaCare.” True enough.

We need many more people that get mass media attention to say the kind of things that West has said. Americans need to be reminded incessantly that their government has been hijacked by rich and powerful elites.

With a corrupt two-party plutocracy elections no longer offer the promise of much needed reforms. Odds are that Tea Party people will realize that their favored Republicans will also not deliver a rehabilitated, honest government serving the interests or ordinary Americans."


http://www.globalresearch.ca/index.php?context=va&aid=24950
I don't agree with the authors politics, but at least his eyes are open. The left/right get played against each other by the wall st. oligarchs. Arguing gay marriage and other bullshit, while they raid the treasury and pin more debt ont he country..
 
41 - 52 of 52 Posts
Top