not wanting to cause a run on your local bank as this WILL lead to a failure, so don't do it, but the head of the fdic has said they will go bust this year. unless they get higher fees from participating banks and thrifts. this is not good news at all. they do have a 30 billion note of credit with the treasury department they can tap into, but keep in mind since it's creation in 1933, they have never ever had to tap into that line of credit!!!!!!!!!!
what does that mean? well it means your deposits (money) is/are gone and unless the federal govt or treasury department prints up new money and injects captial into the fdic....your crap out of luck.
well you will likely get your check....but the question is when. knowing govt, it could take weeks to months to possibly years if a large bank like citigroup or others went down. meanwhile you'll have no money to pay your bills. your employer, if they bank with a large bank that might fail will have no money to pay your paycheck. worse even still, it's likely your employer's payroll account and other accounts are well voer the temporary $250,000 insurance coverage. so unless they have their money in mulitple banks and accounts....and they don'[t as having a big account means leverage with the bank. in the end you may never get paid for the work you did, and your employer won't be around to supply you with a job unless they can line up new credit to cover payroll and expenses. not an easy task since credit sfreeze is what we are all experiencing.
if this happens prepare for mad max world. the federal govt doesn't have enough cash, can't borrow enough, or print enough to stop this kind of catastrophic problem. cross your fingers that these banks can stay afloat. even if you use a little bank...it doesn't mean you are safe.
these are scary times. for the first time since this started i am truly scared.
here's some basic tips on how to protect yourself. first check out your bank at bankrate.com. they have a bank ratings setup that seems to be fairly accurate. imho, anything less than 3 or 4 stars and watch your bank very carefully. next spread your money around in a few banks. i moved some cash into a seperate bank that wasn't tied to mortgage boom nonsense and other high risk bets. i can't recommend it because it's a private bank. there are other choices though like local credit unions, etc. now i'm not saying to move it all, but rather move some for emergency to cover bills, etc in case your bank does fail and you have to wait for your check. govt never moves very fast so it could take months and you will need cash.
second, stock up some cash at your residence. don't be stupid and put all your money under your mattress. if you have a secure safe at your home putting ina couple grand or even a couple hundred won't be a waste if you need it. basically use common sense here. keep as much cash as you think you will need if things go south faster, and as much as you can afford. also make sure your renter's or h/o insurance policy covers the majprioty of the cash you are planning on keeping in case you do get robbed you won't be out a big chunk of hard to replace money. also don't tell anyone what you are doing. in desperate times even close friends and family might be pushed to rob you. bad luck can make a good man or woman turn bad.
lastly, stock up on ammo, fuel, food, and water. i normally wouldn't say this kind of extreme strategy, but i'm starting to think some of these end of the world people might have something. a little end of the world insurance never hurt. just don't over do it.
other people say to stock up on physical gold. i disagree on this for multiple reasons, but i'll list a few. first gold is way over priced right now. it's in it's own bubble driven by panic, not economic reality. if you buy now you'll never get your money back ever. next, even if you got a good deal on gold...and things do collapse. how are you going to turn it into goods and cash? who here would trade scarce food for gold? gold is a luxury, not a necessity. in this market you don't need luxuries you need food, shelter and clothing. the basics. you can't eat gold. if things don't collapse, but it gets much worse...try turning your gold into cash? no local bank is going to hand over cash for gold. the cash for gold places and pawn shops and dealers that set up shop in hotels for weekend buying sessions pay bottom dollar, so in essence you will lose money and would have been better just holding your cash. these gold dealers know people are desperate for money and will take pennies on the dollar cash payouts on that gold's true value. they are looking to make money themselves and you don't make money by paying top dollar. they are targeting desperate people. the only time to invest in gold is when the market is booming and gold prices are way down. you do not start investing in gold when things are bad and the prices are sky high. so don't do it, imho.
damn this is the worst news so far. if the fdic goes bust....watch out.
Wednesday, March 4, 2009
is Igor Panarin right? will the us collaspe?....
becasue this guy is a moron russian, my first impulse would be to say he's dead wrong. taking him being a loud mouthed russian out of the mix and the cultural flaw that russian culture breeds into it's citizens....he might not be that far off. the country is splintering into sections...but his version...which i cut and pasted from an atrticle about him below, says it will end up this way......
He predicted that the U.S. will break up into six parts - the Pacific coast, with its growing Chinese population; the South, with its Hispanics; Texas, where independence movements are on the rise; the Atlantic coast, with its distinct and separate mentality; five of the poorer central states with their large Native American populations; and the northern states, where the influence from Canada is strong. He even suggested that "we could claim Alaska - it was only granted on lease, after all."
well i don't see that 6 way split at all. if we did collapse and splinter i see it more this way....
the south would split away on it's own like it wanted to before the union raped and pilaged it to death in the civil war. texas would likely split on it's own and stay in close diplomatic step with the south. or with it's mass of mexicans and yankees, it may join states like new mexico, arizona, nevada and other mexican heavily populated states into a mexico jr. i don't know if there is enough real texans left to stop this from happening?
the north east and rust belt states like ohio. would likely partner up with their industrial and union style views. the west coast meaning california, oregon, washington state filled with it's misfits and crazies would ban together. they might ban with nevada, arizona, colorado? leaving montana, wyoming, idaho, the dakotas, nebraska, and the other mid west states to band together.
mid west industrial states like illinois, michigan, wisconsin, minnesota, indiana, missouri, and iowa would likely ban together. seeing how they are very similiar in culture and thought.
the rest of the states it's hard to say. a state like oklahoma or arkansas could either join with the south or band with texas? utah might declare itself a mormon country or split up into part with colorado west coast block or part with the mexico jr, and part a true mormon country? lots of variables on these oddball states.
the we get to alaska....without the continetal shipping products to alaska...i see it molding into canada or it's citizens fleeing back to their home states and leaving the natives alone to get grabbed up by russia. this could happen if the federal govt collapsed.
hawaii...well it would be on it's own.
well that's what i see happening if it does happen? this russian scholar might not be off so far, in that we are already broke and we continue to borrow and print more money to add more govt spending. it cannot go on forever. adding a trillion and then cutting a mere 40 billion, is not the answer. hell even a school age child knows that adding trillions and cutting a few billion doesn't add up.
ironically though, Igor Panarin might be slightly off on his prediction by about 5000 miles or so. the russian state is in a dire state. the odds of it collapsing again and splintering off are much greater than the usa. he may find out he was right, but just was looking west instead at his feet as he should have been. time will tell though.
He predicted that the U.S. will break up into six parts - the Pacific coast, with its growing Chinese population; the South, with its Hispanics; Texas, where independence movements are on the rise; the Atlantic coast, with its distinct and separate mentality; five of the poorer central states with their large Native American populations; and the northern states, where the influence from Canada is strong. He even suggested that "we could claim Alaska - it was only granted on lease, after all."
well i don't see that 6 way split at all. if we did collapse and splinter i see it more this way....
the south would split away on it's own like it wanted to before the union raped and pilaged it to death in the civil war. texas would likely split on it's own and stay in close diplomatic step with the south. or with it's mass of mexicans and yankees, it may join states like new mexico, arizona, nevada and other mexican heavily populated states into a mexico jr. i don't know if there is enough real texans left to stop this from happening?
the north east and rust belt states like ohio. would likely partner up with their industrial and union style views. the west coast meaning california, oregon, washington state filled with it's misfits and crazies would ban together. they might ban with nevada, arizona, colorado? leaving montana, wyoming, idaho, the dakotas, nebraska, and the other mid west states to band together.
mid west industrial states like illinois, michigan, wisconsin, minnesota, indiana, missouri, and iowa would likely ban together. seeing how they are very similiar in culture and thought.
the rest of the states it's hard to say. a state like oklahoma or arkansas could either join with the south or band with texas? utah might declare itself a mormon country or split up into part with colorado west coast block or part with the mexico jr, and part a true mormon country? lots of variables on these oddball states.
the we get to alaska....without the continetal shipping products to alaska...i see it molding into canada or it's citizens fleeing back to their home states and leaving the natives alone to get grabbed up by russia. this could happen if the federal govt collapsed.
hawaii...well it would be on it's own.
well that's what i see happening if it does happen? this russian scholar might not be off so far, in that we are already broke and we continue to borrow and print more money to add more govt spending. it cannot go on forever. adding a trillion and then cutting a mere 40 billion, is not the answer. hell even a school age child knows that adding trillions and cutting a few billion doesn't add up.
ironically though, Igor Panarin might be slightly off on his prediction by about 5000 miles or so. the russian state is in a dire state. the odds of it collapsing again and splintering off are much greater than the usa. he may find out he was right, but just was looking west instead at his feet as he should have been. time will tell though.
Tuesday, February 24, 2009
joaquin phoneix and the rapping thing.....
i wanted to avoid commenting on this type of topic, but what the hell. the economy sucks and i might as well add my 2 cents into the pile.
while everyone in hollywood, meaning insiders, actor morons, and the lame ass media, etc thinks it's been going on for so long it can't be a joke and it's not funny, and that he must be insane. well i disagree with all you jackass hollywood morons. it's not only hilarious, and funny as hell, but the longer it goes on for, the funnier it is. i might even waste some money on his album just to keep it going longer. second thought, probably not, but i hope it keeps going on...hell i need a good laugh from time to time...thanks joaquin. you made one guy laugh and forget about how fucked things are for a few minutes.
on that note i remember seeing river phoenix's band play when bill clinton in 1992 gave a campaign speech at u of f, my freshman year. i hate to admit that bill's speech was the highlight of that day. r.i.p. river.
while everyone in hollywood, meaning insiders, actor morons, and the lame ass media, etc thinks it's been going on for so long it can't be a joke and it's not funny, and that he must be insane. well i disagree with all you jackass hollywood morons. it's not only hilarious, and funny as hell, but the longer it goes on for, the funnier it is. i might even waste some money on his album just to keep it going longer. second thought, probably not, but i hope it keeps going on...hell i need a good laugh from time to time...thanks joaquin. you made one guy laugh and forget about how fucked things are for a few minutes.
on that note i remember seeing river phoenix's band play when bill clinton in 1992 gave a campaign speech at u of f, my freshman year. i hate to admit that bill's speech was the highlight of that day. r.i.p. river.
Thursday, February 12, 2009
are school teacher truly underpaid....let's take a look...
i hear constantly that school teachers are highly underpaid. now the state of florida is considering going to a 4 day work week for teachers...to save money. i think this is a highly stupid idea. here's why.
think back to when you were in grade school. you gto 2months of summer vacation. couple of weeks of winter vacation. a week of spring break. lots of holidays. basically you were in school maybe half a year when you total it all up. it was awesome i admit. then think about after school when you got a job. what happened. no summer break ever again. no winter break ever again. very few holidays. no spring break. only a measly week or 2 week of vacation after so mnay years of employment. it's no wonder kids doing so poorly. we set them up for disappointment from the very get go. in my opinion school should be year round with a week off at summer and a week off at winter and only a few holidays off. make it closer to what the real world is like.
anyways...so i did some calculations of how many hours a teacher works in my county based on the school board calendar that show how mnay days teachers are truly working. it shows they spend 1080 hours a year actually working. now this doesn't account for their 2 week paid vacation. nor their numerous paid personal leave days, nor their numerous paid sick leave days. so let's take out their paid 2 weeks of vacation to make it closer to a true full time working man/woman. so they are working 1000 hours a year...not counting all their extra paid off days.
so a true working person who makes around 40k in salary is putting in 50 hour weeks. minus their two weeks paid vacation a year brings us to 2520 hours a year.
so let's say a teacher only makes 20k a year. so if we compared it to the wroking man/woman's salary yeah they appear underpaid..until we look at hours worked. wehn we calculate their wages per hour...not counting benefits or pensions, etc. they are making pre tax....$20.00 an hour. not too shabby, eh? the working man/woman is making based on the same criteria as the teacher....$15.87 an hour. hummm.....interesting huh? seems the teacher is being paid pretty damn well by the hour.
let's take a tenured teacher who makes around 50k a year...and compare them to a full time private employed worker who makes 70k a year. the teacher would make $50.00 an hour. the 70k paid employee would make $27.77 an hour. wow!!! what the f' are these teachers complaining about. if we took that same teacher and took out of the hours worked their personal leave days and medical days that are paid...they would be close to $60 an hour.
are you seeing a pattern here? seems teachers are being paid pretty damn well, and should stop complaining about pay and spend more time teaching. this is not much different than any unionized job. this is what unions do make things plain stupid and then try to twist the facts. this also applise to pretty much all govt employees. they make a good salry and then add the paid vacations, sick days and personal leave days, pensions, and the best medical coverage you can't buy, and it's no wonder we have to keep borrowing money from china to keep things running.
so to cut out all the teacher union nonsense used as a counter arguement...first they get a lunch break...so i took that out of their hours. then they say they are grading papers at home, etc. except they get a paid planning period at school to do this. some choose to chit chat with their buddies rather than grade papers or plan or do any work. then let's discuss their actual teaching work. some do actual teaching and do a great job. no complaints from me. others and this would cover a large protion have kids read their books while they sit and read themselves or do other non teaching stuff. so let's not pretend these teachers are being over worked or underpaid. we are paying the heavily for what they are doing. if they choose to not work a opart time job to match the hours most full time workers have to work..then they can't really sit back and work half the hours a standard full time worker works and complain about being underpaid or over worked, now can they.
i am sick and tired of govt workers making more money and benefits than us private citizens who pay their wages, do. i think we should pay all govt workers minimum wage. one of two things would happen...either we'd only get people who want to make a difference and don't care about money...or minimum wage would go up. either way we wouldn't get any worse service than we do now while paying top dollar for flunkies.
think back to when you were in grade school. you gto 2months of summer vacation. couple of weeks of winter vacation. a week of spring break. lots of holidays. basically you were in school maybe half a year when you total it all up. it was awesome i admit. then think about after school when you got a job. what happened. no summer break ever again. no winter break ever again. very few holidays. no spring break. only a measly week or 2 week of vacation after so mnay years of employment. it's no wonder kids doing so poorly. we set them up for disappointment from the very get go. in my opinion school should be year round with a week off at summer and a week off at winter and only a few holidays off. make it closer to what the real world is like.
anyways...so i did some calculations of how many hours a teacher works in my county based on the school board calendar that show how mnay days teachers are truly working. it shows they spend 1080 hours a year actually working. now this doesn't account for their 2 week paid vacation. nor their numerous paid personal leave days, nor their numerous paid sick leave days. so let's take out their paid 2 weeks of vacation to make it closer to a true full time working man/woman. so they are working 1000 hours a year...not counting all their extra paid off days.
so a true working person who makes around 40k in salary is putting in 50 hour weeks. minus their two weeks paid vacation a year brings us to 2520 hours a year.
so let's say a teacher only makes 20k a year. so if we compared it to the wroking man/woman's salary yeah they appear underpaid..until we look at hours worked. wehn we calculate their wages per hour...not counting benefits or pensions, etc. they are making pre tax....$20.00 an hour. not too shabby, eh? the working man/woman is making based on the same criteria as the teacher....$15.87 an hour. hummm.....interesting huh? seems the teacher is being paid pretty damn well by the hour.
let's take a tenured teacher who makes around 50k a year...and compare them to a full time private employed worker who makes 70k a year. the teacher would make $50.00 an hour. the 70k paid employee would make $27.77 an hour. wow!!! what the f' are these teachers complaining about. if we took that same teacher and took out of the hours worked their personal leave days and medical days that are paid...they would be close to $60 an hour.
are you seeing a pattern here? seems teachers are being paid pretty damn well, and should stop complaining about pay and spend more time teaching. this is not much different than any unionized job. this is what unions do make things plain stupid and then try to twist the facts. this also applise to pretty much all govt employees. they make a good salry and then add the paid vacations, sick days and personal leave days, pensions, and the best medical coverage you can't buy, and it's no wonder we have to keep borrowing money from china to keep things running.
so to cut out all the teacher union nonsense used as a counter arguement...first they get a lunch break...so i took that out of their hours. then they say they are grading papers at home, etc. except they get a paid planning period at school to do this. some choose to chit chat with their buddies rather than grade papers or plan or do any work. then let's discuss their actual teaching work. some do actual teaching and do a great job. no complaints from me. others and this would cover a large protion have kids read their books while they sit and read themselves or do other non teaching stuff. so let's not pretend these teachers are being over worked or underpaid. we are paying the heavily for what they are doing. if they choose to not work a opart time job to match the hours most full time workers have to work..then they can't really sit back and work half the hours a standard full time worker works and complain about being underpaid or over worked, now can they.
i am sick and tired of govt workers making more money and benefits than us private citizens who pay their wages, do. i think we should pay all govt workers minimum wage. one of two things would happen...either we'd only get people who want to make a difference and don't care about money...or minimum wage would go up. either way we wouldn't get any worse service than we do now while paying top dollar for flunkies.
Friday, December 19, 2008
bones found are caylee anthonies.....
or so the local media here in central florida are reporting.
for those who haven't been bombarded with this sickening story. this wacky family living (who reminds me of the family from the texas chainsaw massacre part2) in orlando, florida...but mind you not from here originally...have a crazy compulsive lying whore daughter who got knocked up by some mystery man, who now is dead? ? and lost her kid. long story short they found bones in a bag in the woods/swamp near her parents home and it is being reported now that it is that little girl.
this whole family and story makes me sick. i always knew something stunk about this family, and it wasn't the supposed rotted maggot infested pizza left in their car trunk either. from the first newscast interviewing them, it had a certain lunacy, craziness to it. the kind that you only see from people from ohio and the west like oregon and washington state. anyways, then i come to find out they are in fact from ohio!!! warren ohio as some have reported.
it makes perfect sense. back in western pa, we always joke about how we needed a wall to keep the looneys from ohio from coming into pa. it was a joke, but not really. there is something in the water there or chemicals in the air from the manufacturering or whatever....that makes ohio people odd at the least and crazy at the worst.
so this soap opera story that in the end leaves a little girl dead/murdered?...has so many twists and plot changes...even hollywood couldn't come up with a better script. often the little girl.... formerly missing, now determined to have been killed... forgotten about and that is the ultimate tradegy. this anthony family behaved as poorly as people can behave. i don't excuse them from the circumstances as they raised their insane, lying, whore of a daughter who most likely killed her own kid, and went on drinking and partying for over a month without care. they obviously did a poor job raising their own kids and then they way they acted on camera....well it was all ohio.
so take note...these ohio yankee crazies aren't like most people in central florida. it's true that orlando is full to the brim with selfish, poorly behaved, and obnoxious people...but they aren't from florida. these are transplanted yankee clowns mostly from ohio and michigan. ironically they come down here because they couldn't make it in their home state and from day one all they do is complain about how horrible florida is. how nothing is like it is in michigan or ohio or enter your own crappy state. i think i may rename the rustbelt states to the "whiny belt". cause that is all these rust belt clowns do down here. whine, non stop. i've lived in central florida..most of my life...and i grew up with locals down here. people who are true floridians...not the kids of ohio transplants. you'll never meet a nicer bunch of well behaved and high moral group of people than these florida natives. it's a shame their state is being taken over by horrible people from ass backwards rust belt states. for those rust belters who take offense to the truth...how would you like it if we sent all the people from miami up to your town and let them take over it? i'd bet you'd be hoping mad. so sit back down and shut up. no one gives a shit what you think. go back to the bar to drink your poor miserable existence away.
for those who haven't been bombarded with this sickening story. this wacky family living (who reminds me of the family from the texas chainsaw massacre part2) in orlando, florida...but mind you not from here originally...have a crazy compulsive lying whore daughter who got knocked up by some mystery man, who now is dead? ? and lost her kid. long story short they found bones in a bag in the woods/swamp near her parents home and it is being reported now that it is that little girl.
this whole family and story makes me sick. i always knew something stunk about this family, and it wasn't the supposed rotted maggot infested pizza left in their car trunk either. from the first newscast interviewing them, it had a certain lunacy, craziness to it. the kind that you only see from people from ohio and the west like oregon and washington state. anyways, then i come to find out they are in fact from ohio!!! warren ohio as some have reported.
it makes perfect sense. back in western pa, we always joke about how we needed a wall to keep the looneys from ohio from coming into pa. it was a joke, but not really. there is something in the water there or chemicals in the air from the manufacturering or whatever....that makes ohio people odd at the least and crazy at the worst.
so this soap opera story that in the end leaves a little girl dead/murdered?...has so many twists and plot changes...even hollywood couldn't come up with a better script. often the little girl.... formerly missing, now determined to have been killed... forgotten about and that is the ultimate tradegy. this anthony family behaved as poorly as people can behave. i don't excuse them from the circumstances as they raised their insane, lying, whore of a daughter who most likely killed her own kid, and went on drinking and partying for over a month without care. they obviously did a poor job raising their own kids and then they way they acted on camera....well it was all ohio.
so take note...these ohio yankee crazies aren't like most people in central florida. it's true that orlando is full to the brim with selfish, poorly behaved, and obnoxious people...but they aren't from florida. these are transplanted yankee clowns mostly from ohio and michigan. ironically they come down here because they couldn't make it in their home state and from day one all they do is complain about how horrible florida is. how nothing is like it is in michigan or ohio or enter your own crappy state. i think i may rename the rustbelt states to the "whiny belt". cause that is all these rust belt clowns do down here. whine, non stop. i've lived in central florida..most of my life...and i grew up with locals down here. people who are true floridians...not the kids of ohio transplants. you'll never meet a nicer bunch of well behaved and high moral group of people than these florida natives. it's a shame their state is being taken over by horrible people from ass backwards rust belt states. for those rust belters who take offense to the truth...how would you like it if we sent all the people from miami up to your town and let them take over it? i'd bet you'd be hoping mad. so sit back down and shut up. no one gives a shit what you think. go back to the bar to drink your poor miserable existence away.
Friday, December 12, 2008
give the money to the people, not wallstreet.....
this is the battle cry of the uneducated in america. it's become fairly obvious to me that our education system has failed. we have tunred out people who do not know how to use a calculator. okay i'm going to help you people....
first we'll use the 150 billion stimulus package we all got a piece of awhile back as the mold to make our equation make sense and be accurate.
so all singles got $600.00 and married couples got $1200.00 so basically 600 bucks a head. we have a population of around 300,000,000 people right now. if we take 150 billion and divide it by 300 million what do we get? we get $500 bucks. that's pretty close to what we got per person for the stimulus package. so we can alter the amount of people to come to a more accurate number than the 300 million we used as a referrence point. if we take 150 billion and divide it by 250 million people we come to $600.00 per person. bingo the magic number the govt used to give the stimulus package!
okay so there is 350 billion dollars left of the 700 billion "bailout money". so if we take 350 billion divided by 250 million people..what do we get? go ahead use your calculator, i'll wait............................................................................................................................okay it comes to $1400 per person.
okay so 1400 bucks is a good chunk of cash right? so let's work through this new found dumbass economic belief of "the trickle up theory" as it's been dubed. american families on avg. owe over 9 to 10 grand in credit card debt alone. we know from common sense that most owe much more on their mortgage and car loans and other loans like home equity...but let's just stick to credit card debt to keep the example simple.
okay so we send out a check of 1400 bucks to singles and 2800 to married couples. who as a family all owe around 10,000 dollars to credit cards. so where does this money end up going...yep to pay down credit cards and catch up on the mortgage and car loans and other debts, etc. so basically it's handing the money to the banks. wait a minute...isn't this what the "wall street bailout" is doing? handing the money to the banks to help shore up/stabilize their toxic debt load? yep, that's right. so these trickle up dumbass theorists would rather make our govt spend millions to print out and mail checks so they in turn, can turn around and spend gas to deposit it and then turn back around and send it to the banks. that makes a hell of allot of sense...doesn't it?!? once the 1400 bucks is gone the people, even if they used it to pay down credit card debt alone, would still owe $7,600 bucks. so it didn't exactly do anything for the person did it? when you owe tens of thousands of dollars a mere 1400 bucks is like a crumb. it won't stop you from starving to death.
okay so have we finally put this stupid moronic idea to rest? please tell me everyone gets it now. giving this money to the people doesn't do any good. it won't save the economy or your job. even if you spent it on a big flat screen plasma or lcd tv at the walmart it still won't fix anything..because the debt load being carried by america as a whole has to be paid back and this is what we are seeing. people not investing their money into businesses or stocks or anywhere because they know america already owes too much money and can't ever pay it back.
so please people think through your ideas before you start rambling them all over the internet. this idea shows sheer stupidity as well as a shocking lack of overall underastanding of the economy and shows you are either too cheap or stupid to buy and use a calculator. it's embarrasing.
ps...this entry wasn't written towards my two readers/friends. i know they are quite smart and can use a calculator. it was written for you imbeciles that post non stop on aol and other comment allowing news story sites...and constantly spit out your stupid ideas to fix the world. one of the biggest mistake a person can make in life is to think they are smarter than they really are. likewise to think they are smarter than everyone else.
there si only one way to fix the economy...and no one is going to like it. it involves going back to proper lending strategies. saving not overpsending and borrowing, and working hard for realisitic wages. the days of making 50k while twiddling one's thumbs most of the day are over union boys. you cannot make low level unskilled jobs pay middle class wages. it doesn't work and we are seeing it come apart right now in the auto world. if you want to make more you have to increase you education and your skill level. there is no easy way out of this. it's gonna be hard on everyone and everyone will have to learn to live with less and while working more. the unions lied to you, you were never middle class pulling a lever and putting a tire on a car. it was a nice run, stop being bitter and be happy you got away with it for so long. now it's time to pay the piper. those who are strong will survive and get educated and skilled in professions that support middle class wages. those that are weak and lazy will fail and end up homeless and collecting welfare. you don't have to like it, but it is the way it is and will be.......
first we'll use the 150 billion stimulus package we all got a piece of awhile back as the mold to make our equation make sense and be accurate.
so all singles got $600.00 and married couples got $1200.00 so basically 600 bucks a head. we have a population of around 300,000,000 people right now. if we take 150 billion and divide it by 300 million what do we get? we get $500 bucks. that's pretty close to what we got per person for the stimulus package. so we can alter the amount of people to come to a more accurate number than the 300 million we used as a referrence point. if we take 150 billion and divide it by 250 million people we come to $600.00 per person. bingo the magic number the govt used to give the stimulus package!
okay so there is 350 billion dollars left of the 700 billion "bailout money". so if we take 350 billion divided by 250 million people..what do we get? go ahead use your calculator, i'll wait............................................................................................................................okay it comes to $1400 per person.
okay so 1400 bucks is a good chunk of cash right? so let's work through this new found dumbass economic belief of "the trickle up theory" as it's been dubed. american families on avg. owe over 9 to 10 grand in credit card debt alone. we know from common sense that most owe much more on their mortgage and car loans and other loans like home equity...but let's just stick to credit card debt to keep the example simple.
okay so we send out a check of 1400 bucks to singles and 2800 to married couples. who as a family all owe around 10,000 dollars to credit cards. so where does this money end up going...yep to pay down credit cards and catch up on the mortgage and car loans and other debts, etc. so basically it's handing the money to the banks. wait a minute...isn't this what the "wall street bailout" is doing? handing the money to the banks to help shore up/stabilize their toxic debt load? yep, that's right. so these trickle up dumbass theorists would rather make our govt spend millions to print out and mail checks so they in turn, can turn around and spend gas to deposit it and then turn back around and send it to the banks. that makes a hell of allot of sense...doesn't it?!? once the 1400 bucks is gone the people, even if they used it to pay down credit card debt alone, would still owe $7,600 bucks. so it didn't exactly do anything for the person did it? when you owe tens of thousands of dollars a mere 1400 bucks is like a crumb. it won't stop you from starving to death.
okay so have we finally put this stupid moronic idea to rest? please tell me everyone gets it now. giving this money to the people doesn't do any good. it won't save the economy or your job. even if you spent it on a big flat screen plasma or lcd tv at the walmart it still won't fix anything..because the debt load being carried by america as a whole has to be paid back and this is what we are seeing. people not investing their money into businesses or stocks or anywhere because they know america already owes too much money and can't ever pay it back.
so please people think through your ideas before you start rambling them all over the internet. this idea shows sheer stupidity as well as a shocking lack of overall underastanding of the economy and shows you are either too cheap or stupid to buy and use a calculator. it's embarrasing.
ps...this entry wasn't written towards my two readers/friends. i know they are quite smart and can use a calculator. it was written for you imbeciles that post non stop on aol and other comment allowing news story sites...and constantly spit out your stupid ideas to fix the world. one of the biggest mistake a person can make in life is to think they are smarter than they really are. likewise to think they are smarter than everyone else.
there si only one way to fix the economy...and no one is going to like it. it involves going back to proper lending strategies. saving not overpsending and borrowing, and working hard for realisitic wages. the days of making 50k while twiddling one's thumbs most of the day are over union boys. you cannot make low level unskilled jobs pay middle class wages. it doesn't work and we are seeing it come apart right now in the auto world. if you want to make more you have to increase you education and your skill level. there is no easy way out of this. it's gonna be hard on everyone and everyone will have to learn to live with less and while working more. the unions lied to you, you were never middle class pulling a lever and putting a tire on a car. it was a nice run, stop being bitter and be happy you got away with it for so long. now it's time to pay the piper. those who are strong will survive and get educated and skilled in professions that support middle class wages. those that are weak and lazy will fail and end up homeless and collecting welfare. you don't have to like it, but it is the way it is and will be.......
these idiot rioters......
what can you say about these idiots rioting over in greece and europe? not much except they are stupid and are acting like spoiled brats.
first off the same stores and banks they are burning and pilaging from are the source of heavy european taxing that supports their socialist leaning, free money society. where they get paid to sit at home and not work. they complain that there aren't high paying jobs available?!? huh...f'ing morons where in the world are their high paying jobs just handed to you. damn talk about stupid.
this is another example of how the world has tuned into a bunch of whiny violent crybabies. if they don't get a new toy handed to them weekly they cry and throw a temper tantrum...except these aren't little kids these are very spoiled and stupid adults.
ironically they are all against the globalization of business and all it stands for as well as technology which comes from these businesses, but they have no problem using it to organize. using the cellphones and the internet. surprise, surprise they are all super naive and moronic hypocrites. well i've had it with stupid people.
as soon as i'm able, i'm going to buy a large chunk of swampland and i'm moving away from the cities and the all the stupidity and laziness they breed, and getting off the grid for good. in the meantime i'm going to stockpile ammo, food , and water. if the world does collapse because or rioters and other stupid people...i'm not going to let them drag me down with them.
let this be a warning to you spoiled brats. if you show up in my neck of the woods and plan on causing trouble...you are going to be real sorry. i have a few shotguns with 00 buckshot ready for you. never forget florida is a right to stand your ground state. if you come at me, my family, business or property. with a torch or rock...you'll be in the morgue and i'll walk away free and clear of lawsuits filed by your idiots parents who did a crappy job raising you and jail free, because this great state defends citizen's rights to defend their property and themselves from violent morons like yourself.
i'll be damned if i worked this hard my whole life to let some brat take it from me either by stealing or destroying it. these brats have no repect for private property or anyone else. the world isn't fair and it never was, but you have to respect people and their property. if you can't understand that, than expect to get ewhat is coming to you. it won't be long before those who work hard to make a good living will come back at you full force and there won't be any police or other govt soldiers you despise to protect you.
there is an old saying...be careful what you wish for....you may just get it. think long and hard if you really want anachry. you might be real sorry when you get it and all these rednecks and country folk you laugh at who own all the weapons and ammo and farmland...decide you aren't worth keeping around.
first off the same stores and banks they are burning and pilaging from are the source of heavy european taxing that supports their socialist leaning, free money society. where they get paid to sit at home and not work. they complain that there aren't high paying jobs available?!? huh...f'ing morons where in the world are their high paying jobs just handed to you. damn talk about stupid.
this is another example of how the world has tuned into a bunch of whiny violent crybabies. if they don't get a new toy handed to them weekly they cry and throw a temper tantrum...except these aren't little kids these are very spoiled and stupid adults.
ironically they are all against the globalization of business and all it stands for as well as technology which comes from these businesses, but they have no problem using it to organize. using the cellphones and the internet. surprise, surprise they are all super naive and moronic hypocrites. well i've had it with stupid people.
as soon as i'm able, i'm going to buy a large chunk of swampland and i'm moving away from the cities and the all the stupidity and laziness they breed, and getting off the grid for good. in the meantime i'm going to stockpile ammo, food , and water. if the world does collapse because or rioters and other stupid people...i'm not going to let them drag me down with them.
let this be a warning to you spoiled brats. if you show up in my neck of the woods and plan on causing trouble...you are going to be real sorry. i have a few shotguns with 00 buckshot ready for you. never forget florida is a right to stand your ground state. if you come at me, my family, business or property. with a torch or rock...you'll be in the morgue and i'll walk away free and clear of lawsuits filed by your idiots parents who did a crappy job raising you and jail free, because this great state defends citizen's rights to defend their property and themselves from violent morons like yourself.
i'll be damned if i worked this hard my whole life to let some brat take it from me either by stealing or destroying it. these brats have no repect for private property or anyone else. the world isn't fair and it never was, but you have to respect people and their property. if you can't understand that, than expect to get ewhat is coming to you. it won't be long before those who work hard to make a good living will come back at you full force and there won't be any police or other govt soldiers you despise to protect you.
there is an old saying...be careful what you wish for....you may just get it. think long and hard if you really want anachry. you might be real sorry when you get it and all these rednecks and country folk you laugh at who own all the weapons and ammo and farmland...decide you aren't worth keeping around.
Subscribe to:
Posts (Atom)
