Moneymoneyeconomicdeclinepoorunemployedrecessioncorruption

Sun Oct 23, 2016, 11:09 AM

This Is Why You're Poor



Interesting take on what happened over the last few decades in the US and the Globe.

19 replies, 1207 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 19 replies Author Time Post
Reply This Is Why You're Poor (Original post)
PrimeCustodian Oct 2016 OP
Docbroke Oct 2016 #1
PrimeCustodian Oct 2016 #5
Docbroke Oct 2016 #7
PrimeCustodian Oct 2016 #9
Docbroke Oct 2016 #12
oflguy Oct 2016 #17
Docbroke Oct 2016 #18
oflguy Oct 2016 #19
soosin60 Oct 2016 #2
PrimeCustodian Oct 2016 #3
RATFINK_5.0 Oct 2016 #4
PrimeCustodian Oct 2016 #8
Sassyspop Oct 2016 #11
Cold Warrior Oct 2016 #6
PrimeCustodian Oct 2016 #10
oflguy Oct 2016 #13
PrimeCustodian Oct 2016 #14
BluRose Oct 2016 #15
PrimeCustodian Oct 2016 #16

Response to PrimeCustodian (Original post)

Sun Oct 23, 2016, 11:15 AM

1. I don't consider myself poor

 

And if I was poor, the fault would be mine....

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Docbroke (Reply #1)

Sun Oct 23, 2016, 12:20 PM

5. A very accurate way to look at it...............without a doubt!

But does it really fit in a "Cause & Effect" scenario though?

I am a self-employed entrepreneur who mostly depends a three specific market conditions: Material COST, Labour COST, and a steady Clientèle.

In a perfect world, those three criteria flow smoothly from one end to the other; this is how I make MONEY enough to carry me through rainy days.

But what happen when the Material COST is too hight? I can't afford a decent labour force and I looses my Clientèle as a result.

Am I still suppose to say "It's all my fault..............I'm stupid?

Just saying ...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to PrimeCustodian (Reply #5)

Sun Oct 23, 2016, 12:30 PM

7. Success has another very important aspect

 

Flexibility. Perform a SWOT analysis and be prepared for changing market conditions.

If your market is legit, there will be demand. Someone will thrive no matter what.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Docbroke (Reply #7)

Sun Oct 23, 2016, 12:44 PM

9. "Flexibility" is definitely the keyword here!

But we live in an ever increasing specialized world and 'Flexibility' represents one of the most essential aspect of staying in business, or not!

It's actually one of the biggest obstacle to overcome these days; can always find the right person for the right job - regulations and standards are next.

Of course, the ever-increasing reliance on China for everything isn't helping either; but that's another story altogether.

Just saying ...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to PrimeCustodian (Reply #9)

Sun Oct 23, 2016, 12:58 PM

12. I represent a US company

 

That manufacturs in China. I do pretty good with them. I also do well with Chinese metals.

I do the best with US companies who make things here.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Docbroke (Reply #1)

Mon Oct 24, 2016, 05:08 AM

17. Most people don't realize where money comes from

They think the government just prints it. Wrong (except for Obama who prints counterfeit money)

Money is created by people, not government. That dollar bill in your wallet does have worth (mostly)

Reply to this post

Back to top Alert abuse Link here Permalink


Response to oflguy (Reply #17)

Mon Oct 24, 2016, 08:02 AM

18. Couple of points

 

If Obama printed counterfeit money as you say, it would be a crime.

I never use cash, it cost too much to use it....

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Docbroke (Reply #18)

Mon Oct 24, 2016, 03:25 PM

19. A lawyer told me years ago

What is legal is whatever you can get away with.

He breaks laws all the time.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to PrimeCustodian (Original post)

Sun Oct 23, 2016, 11:19 AM

2. i think left or right we can all agree on these facts..but what is a solution?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to soosin60 (Reply #2)

Sun Oct 23, 2016, 11:57 AM

3. Perhaps a plumber can answer this question better than I ...

If the plumbing within our Institutions constantly leaks due to poor maintenance habits, a plumber may simply suggest to replace the whole infrastructure and to start from scratch.

But these days, instead of calling a plumber, we call politicians and technocrats!

Here, in this example, the plumbing is 'money'! When it is structured and distributed equally across the plumbing infrastructure, everybody gets to use water.

Unfortunately, our politicians and technocrats are experts at creating specific plumbing infrastructures that only carter to the very few, so 'water'(money) is only as good as what those few are doing with it. The rest of us have to follow behind and pray for rainy days when everybody gets water equally.

Just saying ...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to PrimeCustodian (Reply #3)

Sun Oct 23, 2016, 12:11 PM

4. Just replaced water leak in driveway. Water bill hasn't been that bad.

Hired contractors who weren't plumbers. Trust them b/c they have good rep in my hood , & they were used by father for remedial/renovation construction. Dad is structural engineer.

Leak was fixed ! So far ...

Recommend I tear out more pipe. House is old as I am. Copper pipes.

Won't until I can afford it. Right Now, prob fixed ! I'm Good !

Reply to this post

Back to top Alert abuse Link here Permalink


Response to RATFINK_5.0 (Reply #4)

Sun Oct 23, 2016, 12:30 PM

8. Yeah....................I have been there a few times myself.

Your example illustrates my point perfectly! It reminds of a friend of mine who hired a 'stripper' to clean his house when his wife left him.

She cleaned his house alright; most of the valuable items in his house were gone and so was she!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to RATFINK_5.0 (Reply #4)

Sun Oct 23, 2016, 12:46 PM

11. That's a tough call......

 

As a licensed Plumber/Electrician/HV contractor I'd be hesitant to do some curb key to service entrance work....especially under a driveway. I'd never put it back under a driveway if I did take it.
I always recommend....even if it's not my job...if you're digging do it all at once....get it done right the 1st time..not under a driveway as it's just a matter of time.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to PrimeCustodian (Original post)

Sun Oct 23, 2016, 12:25 PM

6. I'm a poor boy but my story's seldom told

I have squandered my existence...


Reply to this post

Back to top Alert abuse Link here Permalink


Response to Cold Warrior (Reply #6)

Sun Oct 23, 2016, 12:45 PM

10. Cool!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to PrimeCustodian (Original post)

Sun Oct 23, 2016, 02:45 PM

13. Republicans tried to reel them to no avail

Barney Frank Lying about Fannie Mae
&feature=related

Barney Frank defending Fanny Mae and Freddie Mac




From the Wall Street Journal: Mr. Bush spent five years pushing to further regulate Fannie Mae and Freddie Mac. He was blocked by Democratic Sen. Chris Dodd and Rep. Barney Frank. Arriving in the Senate in 2005, Mr. Obama backed up Mr. Dodd's threat to filibuster Mr. Bush's needed reforms.

Why didn’t the media do their job and really dig into Obama’s resistance to F&F reform BEFORE he became the Drunken Sailor running things from the Oval Office.

Right now many are saying yikes, whoda thought Obama would veer so far Left, that he’d go on a spending spree like billions of drunken sailors in tandem as he gambles on America’s future.

http://www.getbig.com/boards/index.php?PHPSESSID=1af95862a6556c5ccd82296667c2ce9c&topic=392369.msg5525837

Reply to this post

Back to top Alert abuse Link here Permalink


Response to oflguy (Reply #13)

Sun Oct 23, 2016, 03:09 PM

14. ...



Got the first VID working: Interesting "caught in the act" moment.

NOTE: It's more about 'finger' pointing though; that's what it sounds to me! It only feeds my own 'conspiracy' theories about what really happen during the Bush's presidency.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to PrimeCustodian (Original post)

Sun Oct 23, 2016, 03:53 PM

15. I have been broke many times but I have never considered myself poor

I do take issue with those who say if you are poor it is your own fault.
Tell that to the guy that wakes up in ICU, hundreds of thousands of dollars in debt, because he was hit by a drunk driver. Tell that to parents who have a child who will need a life time of surgery and special care or to a woman with cancer who will never see her children grow up and knows she will be leaving her family in serious debt.
If you do not yet know someone who's health and livelihood has not been seriously impacted due to no fault of their own, a responsible person with good insurance and a job who is forced to file bankruptcy, you will. Pray its not you.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BluRose (Reply #15)

Sun Oct 23, 2016, 04:08 PM

16. A very good point ...

My mom used to say to me as a boy, it's not because we are 'poor' that we have to behave like 'poor'!

The next day, when we went to Church, she will put an old dress she had laboured on the previous day, and show to the rest of the congregation just how proud she was of what she had done.

You're as rich as want to be; sometimes it's harder than others.......that's all!

Reply to this post

Back to top Alert abuse Link here Permalink

Moneymoneyeconomicdeclinepoorunemployedrecessioncorruption