Mac
Bill S. Preston, Esq.
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Post by Mac on Sept 29, 2008 18:58:32 GMT -5
If you haven't already now would be a good time to cut up all your credit cards and live on good old fashioned cash or your debit card, and save your money in a just a plain old vanilla savings account. All of us living off credit and buying crap we don't need for the past 10 or so years is a good chunk of the reason what caused this. Japan went through a 10 year recession but they weren't running around like chickens with there heads cut off, they just lived within their means and saved their money. I know it's not really a much known concept in America but it's time to live like a normal human being.  Buying crap you dont need is a good way to avoid a recession |
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Post by bigdaddyfive on Sept 29, 2008 19:00:17 GMT -5
In the short term, money is just merely a means to an end. Life will still flourish, food will still be farmed, the sun will continue to shine, rocks can still be used to build homes, trees will still provide shelter.
Get my point?
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Post by Brandon Walsh is Insane. on Sept 29, 2008 19:01:48 GMT -5
In the short term, money is just merely a means to an end. Life will still flourish, food will still be farmed, the sun will continue to shine, rocks can still be used to build homes, trees will still provide shelter. Get my point? You're telling me to move into the forest and look for a cave to sleep in? GOT IT! |
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Post by bigdaddyfive on Sept 29, 2008 19:05:03 GMT -5
In the short term, money is just merely a means to an end. Life will still flourish, food will still be farmed, the sun will continue to shine, rocks can still be used to build homes, trees will still provide shelter. Get my point? You're telling me to move into the forest and look for a cave to sleep in? GOT IT! Absolutely! Though no doubt some Venture Capitalists will already own the rock and have plans for mass-deforestation... |
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Ace Diamond
Patti Mayonnaise
Believes in Adrian Veidt, as Should We All.
mmm...flavor text
Posts: 36,043
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Post by Ace Diamond on Sept 29, 2008 19:10:53 GMT -5
Japan went through a 10 year recession but they weren't running around like chickens with there heads cut off, they just lived within their means and saved their money. I know it's not really a much known concept in America but it's time to live like a normal human being. Yeah but that's what I've been doing anyways out of the fact I can't do anything else.  |
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Post by Bob Schlapowitz on Sept 29, 2008 19:14:22 GMT -5
This is what happens when you're Not Economically Viable!!!!!!
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Post by Jason Todd Grisham on Sept 29, 2008 19:19:34 GMT -5
Buying crap you dont need is a good way to avoid a recession It's also a great way to create a bubble. |
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Joie De Vivre
Hank Scorpio
There's always next year.
Posts: 5,278
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Post by Joie De Vivre on Sept 29, 2008 19:33:23 GMT -5
If you haven't already now would be a good time to cut up all your credit cards and live on good old fashioned cash or your debit card, and save your money in a just a plain old vanilla savings account. Way ahead of you. I rarely use my credit card unless I absolutely have to. I was a little worried about what's going in large part because I have an account at Washington Mutual and they are in dire straits right now. Then Morgan Chase bought it so it looks as if that was a good thing. |
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Mac
Bill S. Preston, Esq.
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Posts: 16,502
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Post by Mac on Sept 29, 2008 19:36:35 GMT -5
If you haven't already now would be a good time to cut up all your credit cards and live on good old fashioned cash or your debit card, and save your money in a just a plain old vanilla savings account. Way ahead of you. I rarely use my credit card unless I absolutely have to. I was a little worried about what's going in large part because I have an account at Washington Mutual and they are in dire straits right now. Then Morgan Chase bought it so it looks as if that was a good thing. Just check with your bank and see if anything has changed, You should be FDIC insured for anything up to 100K |
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Post by Jason Todd Grisham on Sept 29, 2008 19:36:50 GMT -5
Way ahead of you. I rarely use my credit card unless I absolutely have to. I don't even have a credit card, throw away all of the preapproved ones. I have college loans to deal with, no need to pile on credit card debt on top. |
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Post by Janitor From Mars on Sept 29, 2008 19:41:10 GMT -5
I thought we weren't supposed to discuss politics? Talking about the economy is fine, if you can leave politics out of it. In that case, I'm not too worried. I enjoy seeing millionaires cry over being unable to buy second homes and other luxuries. |
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Post by Madman Szalinski on Sept 29, 2008 19:44:18 GMT -5
I don't have any huge loans out on a house and car I can't pay for, nor do I spend money on bottled water or PalmPilot accessories. I'm just a diabetic kid with a right leg I can't use (because of nerve damage from neuropathy.) So, at face value it looks like I have nothing to worry about.
But even though I get food stamps, it still hurts to go to the grocery store. I might not have a car, but gas prices hurt me too. I can't walk everywhere you know.
Regardless of politics, I'm pretty sure that the government just buying up all of the foreclosed homes and banks isn't going to fix anything. What are they gonna do, sell it back to us to make up the money? If we could afford it in the first place wouldn't this mess not exist? And where is the 700 billion dollars coming from if we're trillions in debt anyway? It's like Lewis Black said a few years ago. They think that tax cuts will stimulate the economy when every state in the Union is flat broke. What tax money are you cutting?
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Post by wrestlesmarks on Sept 29, 2008 19:49:00 GMT -5
I hate it break it to those of you who said it doesn't affect you but........
If you work
Own property
Buy goods and services
This economic crisis will affect you.
I am not panicing though, this will pass and everything will return to normal in a few months, regardless of whos in the white house.
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Post by Bravo Echo November on Sept 29, 2008 19:49:47 GMT -5
I guess I'm safe from this at the moment, but our rep as a nation is going to take a bit of a hit.
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Post by Rorschach on Sept 29, 2008 22:53:06 GMT -5
The beginning is the end is the beginning.....
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Dave at the Movies
Bill S. Preston, Esq.
VINTAGE D-DAY DAVE! Always cranking dat thing.
Posts: 18,224
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Post by Dave at the Movies on Sept 29, 2008 23:05:44 GMT -5
I guess I'm safe from this at the moment, but our rep as a nation is going to take a bit of a hit. Uhhh yeah I think we lost are good rep as a nation a very long time ago. LOL Really staying out of debt is the best thing to do. I may still live with my parents but I don't spend money on anything except for gas and car insurance and a measely fifteen dollars a month on a gym membership which I'll probably drop considering all the exercise you do in a gym you can do at home. Actually if I lived on my own I would probably be saving more money because driving back and forth between my mom and dad's houses across town is where most of my gas money goes. I guess that and the fact that I'm cheap helps me stay good financially. ;D If you want my solution on all of this here it is. You know how sometimes you get hurt and the pain is really bad? What do you do? Thats right you hurt yourself even worse somewhere else on your body so you don't think about the original hurt. Taking that simple strategy I have devised a plan. Heres what we do. We find some zombie virus! We infect an entire city! That way once zombies start taking over the world we will forget all about the pain of this little financial crisis!!!!! I mean who is worried about their mortgage when some creepy bloody messed up guy is chasing them and trying to eat their brain? ;D LOL |
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Post by Rorschach on Sept 29, 2008 23:11:45 GMT -5
I nominate Raccoon City.
Failing that, Los Angeles is a nice place to start.
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Nekron has risen aka Gamera...
Don Corleone
Yep, The Black Lantern Corps have the Superman of Earth-2 as a member...... We're f*****d!!!!
Posts: 1,427
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Post by Nekron has risen aka Gamera... on Sept 29, 2008 23:32:30 GMT -5
I"m not too worried.... Just wish my mother wouldn't be so affected by it.
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Post by rrm15 on Sept 29, 2008 23:33:24 GMT -5
The media making it seem like doomsday is around the corner sure as hell isn't helping things.
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Nekron has risen aka Gamera...
Don Corleone
Yep, The Black Lantern Corps have the Superman of Earth-2 as a member...... We're f*****d!!!!
Posts: 1,427
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Post by Nekron has risen aka Gamera... on Sept 29, 2008 23:57:17 GMT -5
No shit.....
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