Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
SNL just keeps getting more relevant every week.
Now if only I could find whole episodes online I'd watch the show again instead of snippets.
Surviving Hyperinflation
Forclosing Hitler, are you Hitler?
Here is a litmus test for you.
Watch this video. If at any time you say "I can understand why he did that, I did that too" then this entire housing collapse if your fault and I'm pissed at you. Guess what, the rest of America and the world is also pissed at you too.
Here is a plan for those of you stuck in this situation:
1. Sell everything that you have, immediately. Go to eBay, go have a garage sale, call friends that were not as foolish and sell everything that you own. Keep anything sentimental, but lose everything else. The big screen, the expensive car, the toys, everything.
2. If you cannot pay off all your bills and debts with this cash, hide the money. Put the cash in a box in your closet. If you put it in a bank, it may be taken by the courts when you do what I'm recommending next. If you can, jusp to step five, you are not doing too badly.
3. Declare bankruptcy. I know. Not an honorable thing to do. But it will give you the chance to fight another day.
4. Get a tattoo in a place where you can read it every day, perhaps your forearm or in reverse on your chest. The tattoo should state in plain English everything that you did wrong and include at the end a promise with your signature that you should never do it again.
5. Look at that tattoo every day and live within your means for the rest of your life. (This is the most important step.)
6. If you happen to become rich or do well enough to have extra money you should pay back the debts that were forgiven during your bankruptcy. Probably you will not be able to pay back the people you directly wronged, but you can try. If you can't pay debts back directly, donate the money to a worthy charity.
Watch this video. If at any time you say "I can understand why he did that, I did that too" then this entire housing collapse if your fault and I'm pissed at you. Guess what, the rest of America and the world is also pissed at you too.
Here is a plan for those of you stuck in this situation:
1. Sell everything that you have, immediately. Go to eBay, go have a garage sale, call friends that were not as foolish and sell everything that you own. Keep anything sentimental, but lose everything else. The big screen, the expensive car, the toys, everything.
2. If you cannot pay off all your bills and debts with this cash, hide the money. Put the cash in a box in your closet. If you put it in a bank, it may be taken by the courts when you do what I'm recommending next. If you can, jusp to step five, you are not doing too badly.
3. Declare bankruptcy. I know. Not an honorable thing to do. But it will give you the chance to fight another day.
4. Get a tattoo in a place where you can read it every day, perhaps your forearm or in reverse on your chest. The tattoo should state in plain English everything that you did wrong and include at the end a promise with your signature that you should never do it again.
5. Look at that tattoo every day and live within your means for the rest of your life. (This is the most important step.)
6. If you happen to become rich or do well enough to have extra money you should pay back the debts that were forgiven during your bankruptcy. Probably you will not be able to pay back the people you directly wronged, but you can try. If you can't pay debts back directly, donate the money to a worthy charity.
I.O.U.S.A. byte sized
I found a short version of the film I.O.U.S.A., a film that Warren Buffet was involved in. I'm still looking to watch the whole thing when it comes out on my Apple TV. Have fun.
Debtors suck
And I may be pissed at you.
I mentioned in a previous post that I was pissed because of the current economic situation. I'm now pissed just a bit more. Banks, in all their wisdom are trying to "forgive" credit card debt.
On one hand, I get why this is important - it will open up those full lines of credit and spur our economy, relieve the millions of debtors that are at the end of their ropes and cause far fewer debtors to default on the debt they have accumulated and thus save the banks money in the end.
On the other hand, I think this is just another bad idea in a string of bad ideas. It won't repossess the big screen TV or the multitude of other unnecessary things that built up that credit card debt in the first place.
The worst part of this plan is that it won't teach anyone a lesson. Nobody will learn that you can't "charge it" forever. Nobody will learn that you can't lend to people who can't afford to pay the bill.
Lets talk about the reason I'm pissed.
It's simple. I'm pissed because I didn't "charge" a new TV, so I'm still watching a 12 year old 32 inch "tube" TV that takes up half the room. While I've been able to "afford" a new TV for a long time, I have been waiting to purchase one until the prices came down and it made more economic sense or until the current TV broke. "Charging" a new 1500.00 flat screen on a credit card seemed foolish. Now I feel like such a fool for being so fiscally responsible.
Had I known that I'd be able to charge that TV and not have to actually pay it off, that it would ultimately be as much as 40% off, I would have charged up every card that I had.
Of course, I feel like double the fool because all the money that I was not spending on TVs and home appliances went towards investments that are now down.
So, I'm just a little more pissed.
But this time, I think I have a solution:
I should go run up my stack of unused credit cards, take out a home equity line and buy a lot of things that I can't afford. It's the new American way, and I can't believe that I've been blind to it for so long.
Meh.
p.s. Still have a credit card? Are you one of the few, the proud, the over chargers that will get "relief" from the "unjust" credit crunch where people "tricked" you into borrowing more money than you could afford to pay back?
Paypal me $1500.00 so that I can buy a new TV.
I mentioned in a previous post that I was pissed because of the current economic situation. I'm now pissed just a bit more. Banks, in all their wisdom are trying to "forgive" credit card debt.
On one hand, I get why this is important - it will open up those full lines of credit and spur our economy, relieve the millions of debtors that are at the end of their ropes and cause far fewer debtors to default on the debt they have accumulated and thus save the banks money in the end.
On the other hand, I think this is just another bad idea in a string of bad ideas. It won't repossess the big screen TV or the multitude of other unnecessary things that built up that credit card debt in the first place.
The worst part of this plan is that it won't teach anyone a lesson. Nobody will learn that you can't "charge it" forever. Nobody will learn that you can't lend to people who can't afford to pay the bill.
Lets talk about the reason I'm pissed.
It's simple. I'm pissed because I didn't "charge" a new TV, so I'm still watching a 12 year old 32 inch "tube" TV that takes up half the room. While I've been able to "afford" a new TV for a long time, I have been waiting to purchase one until the prices came down and it made more economic sense or until the current TV broke. "Charging" a new 1500.00 flat screen on a credit card seemed foolish. Now I feel like such a fool for being so fiscally responsible.
Had I known that I'd be able to charge that TV and not have to actually pay it off, that it would ultimately be as much as 40% off, I would have charged up every card that I had.
Of course, I feel like double the fool because all the money that I was not spending on TVs and home appliances went towards investments that are now down.
So, I'm just a little more pissed.
But this time, I think I have a solution:
I should go run up my stack of unused credit cards, take out a home equity line and buy a lot of things that I can't afford. It's the new American way, and I can't believe that I've been blind to it for so long.
Meh.
p.s. Still have a credit card? Are you one of the few, the proud, the over chargers that will get "relief" from the "unjust" credit crunch where people "tricked" you into borrowing more money than you could afford to pay back?
Paypal me $1500.00 so that I can buy a new TV.
Stop paying your mortgage?
Sad but true. It's come to this. I know that the article is a rant and does not propose that as a real solution, but after reading, I found quite a few articles that do propose that as a real workable solution.
Anyone else here feel like a sucker?
I propose a new law. Let's just shoot on sight anyone who does not pay their bills.
Too harsh?
Anyone else here feel like a sucker?
I propose a new law. Let's just shoot on sight anyone who does not pay their bills.
Too harsh?
Subscribe to:
Posts (Atom)