Stimulus

[ProfessorFarnsworth]

That was very different. The rest of the western world was not in recession.

Slightly different. If they can get lending working again most of the problems will eventually go away tbh. Public's works projects are a very good way of improving the infrastructure whilst stopping mass unemployment.

Don't be so sure. There's no point in lending if it's fantasy money to begin with.

Is there such a thing these days as non-fantasy money?

Money that is backed by actual gold or by other commodities, it still exists. Credit is nothing more than an I.O.U + Interest really, hence fantasy money because it doesn't exist until the debtor pays the loan back, with real money that is backed by commodities.

Gold is nothing but dirt...

At about $920 per ounce currently, it's very expensive dirt nonetheless. It's recognized as a global tender and the total sum of banknotes in current times, must be backed by gold reserves in government treasuries for it to be worth any real value. Let me put it this way, in a major financial crisis when it costs billions of dollars worth of banknotes to buy a loaf of bread due to hyperinflation, gold is useful to have for a tender to buy, sell or trade, even jewelery too. I know this because my relatives in Germany back in the Great Depression had to sell their jewelery for food to survive, as the banknotes were worthless.

[vodz]

I just got a one-off stimuli of $950. Thank you government!

[renaeden]

I got that, too. What did you buy?

I bought a microwave (our old one quit working about a month ago), a single seat lounge chair and a new pair of shoes because my old ones are falling apart. I still have some money left. Might get my car serviced with it.

[Phlexor]

You wouldn't believe how much we got, around $3000.

[punkdrew]

Yes, thank the gov't for what it never should have taken in the 1st place.

"If the Mob does it, it's extorsion. If the govt does it, it's legal."--Robert Anton Wilson, REALITY IS WHAT YOU CAN GET AWAY WITH

[vodz]

I got that, too. What did you buy?

I bought a microwave (our old one quit working about a month ago), a single seat lounge chair and a new pair of shoes because my old ones are falling apart. I still have some money left. Might get my car serviced with it.

I'm saving up for a laptop, so for now it's sitting in my higher-interest account.

Noice avatar btw

[McGiver]

one way for the taxpayers to get their money back from the banks is...
walk away from your home.

if you bought a home in the past five years then stop making payments.  it will take about a year fro the bank to get you out of the home.  meanwhile, you can save all that money you are currently paying for your mortgage.  and on the brightside, it only takes three years after a forclosure to qualify for an FHA loan.   and, in three to four years is about a good time to buy again, considering the recession should be over, people will just be getting back on their feet, and the housing market would have likely bottomed out and leveled off by then.


stimulate yourselves people.  screw the banks.

[Christopher McCandless]

one way for the taxpayers to get their money back from the banks is...
walk away from your home.

if you bought a home in the past five years then stop making payments.  it will take about a year fro the bank to get you out of the home.  meanwhile, you can save all that money you are currently paying for your mortgage.  and on the brightside, it only takes three years after a forclosure to qualify for an FHA loan.   and, in three to four years is about a good time to buy again, considering the recession should be over, people will just be getting back on their feet, and the housing market would have likely bottomed out and leveled off by then.


stimulate yourselves people.  screw the banks.

That is one hell of a gamble, my money is that eventually they will get around to tightening up who can get credit and with a shot credit rating you have little chance of getting any form of loan.

[Small Penis]

one way for the taxpayers to get their money back from the banks is...
walk away from your home.

if you bought a home in the past five years then stop making payments.  it will take about a year fro the bank to get you out of the home.  meanwhile, you can save all that money you are currently paying for your mortgage.  and on the brightside, it only takes three years after a forclosure to qualify for an FHA loan.   and, in three to four years is about a good time to buy again, considering the recession should be over, people will just be getting back on their feet, and the housing market would have likely bottomed out and leveled off by then.


stimulate yourselves people.  screw the banks.

That is one hell of a gamble, my money is that eventually they will get around to tightening up who can get credit and with a shot credit rating you have little chance of getting any form of loan.

wanna lick my nut sack tonight?

[McGiver]

one way for the taxpayers to get their money back from the banks is...
walk away from your home.

if you bought a home in the past five years then stop making payments.  it will take about a year fro the bank to get you out of the home.  meanwhile, you can save all that money you are currently paying for your mortgage.  and on the brightside, it only takes three years after a forclosure to qualify for an FHA loan.   and, in three to four years is about a good time to buy again, considering the recession should be over, people will just be getting back on their feet, and the housing market would have likely bottomed out and leveled off by then.


stimulate yourselves people.  screw the banks.

That is one hell of a gamble, my money is that eventually they will get around to tightening up who can get credit and with a shot credit rating you have little chance of getting any form of loan.

i doubt that.

big business relies on credit flowing to the poor so they can charge you much for less.

either credit needs to flow, or the common worker needs better wages.

[TheoK]

You can't buy houses and land here like you could before. My parents have a garden that is 3/4 of an acre. When my granddad bought it in 1959, it cost about $800 in the currency back then. Today, with the bigger house and the higher estate prices it'd cost about $200000...

[Callaway]

one way for the taxpayers to get their money back from the banks is...
walk away from your home.

if you bought a home in the past five years then stop making payments.  it will take about a year fro the bank to get you out of the home.  meanwhile, you can save all that money you are currently paying for your mortgage.  and on the brightside, it only takes three years after a forclosure to qualify for an FHA loan.   and, in three to four years is about a good time to buy again, considering the recession should be over, people will just be getting back on their feet, and the housing market would have likely bottomed out and leveled off by then.


stimulate yourselves people.  screw the banks.

That is one hell of a gamble, my money is that eventually they will get around to tightening up who can get credit and with a shot credit rating you have little chance of getting any form of loan.

i doubt that.

big business relies on credit flowing to the poor so they can charge you much for less.

either credit needs to flow, or the common worker needs better wages.

Good point.  Plus if a poor person can't even get credit but wants to buy new things anyway, they're screwed big time.  They have those rent-to-own stores that completely gouge people with the prices they wind up paying for the stuff they get.  If it were interest they were paying as opposed to "rent-to-own" prices, it would be usurious.  And of course if they can't afford to keep up paying those inflated prices, their stuff gets reposessed.

[Parts]

one way for the taxpayers to get their money back from the banks is...
walk away from your home.

if you bought a home in the past five years then stop making payments.  it will take about a year fro the bank to get you out of the home.  meanwhile, you can save all that money you are currently paying for your mortgage.  and on the brightside, it only takes three years after a forclosure to qualify for an FHA loan.   and, in three to four years is about a good time to buy again, considering the recession should be over, people will just be getting back on their feet, and the housing market would have likely bottomed out and leveled off by then.


stimulate yourselves people.  screw the banks.

That is one hell of a gamble, my money is that eventually they will get around to tightening up who can get credit and with a shot credit rating you have little chance of getting any form of loan.

i doubt that.

big business relies on credit flowing to the poor so they can charge you much for less.

either credit needs to flow, or the common worker needs better wages.

Good point.  Plus if a poor person can't even get credit but wants to buy new things anyway, they're screwed big time.  They have those rent-to-own stores that completely gouge people with the prices they wind up paying for the stuff they get.  If it were interest they were paying as opposed to "rent-to-own" prices, it would be usurious.  And of course if they can't afford to keep up paying those inflated prices, their stuff gets reposessed.

Read some of the stuff here about them http://rent-a-center.pissedconsumer.com/