Shades, the savings rate will rise by force as the Princesses of the world run out of money and/or borrowing power.
Russ tells me the princesses are sent to foreign bankers to get them to come off deposits in exchange for stinky hole. Now I already posted about some princess that had hundred million dollar real estate deals going because of her stinky spot - the one connected to that time/warner guy. Fleiss said she could start or stop nafta she had so much power.
Lets follow it on through - the dirt poor sh** shoveler in india is socialized to SAVE perhaps. So is the formerly dirt poor person in the USA. The banks are BUSTING with deposits as posted here many times. Now there are lots of suze orman types who come in smelling spiffy and tell the credit card person and bank loan person GIVE ME MONEY - I promise I will repay it. Suze looks pretty and talks sweet so they get indian shovelers deposits to keep spending right? Bank officer, credit card guy makes money as long as he does loans - damned be princesses long term ability to repay it!
How does loantech feed his family if he turns away all the Suze Orman princesses wanting loans? He will have to start fishing in the hot sun and cleaning his own catch - much easier to sit in bank and loan to suze and go buy fish from grocery market eh?
So Suze keeps getting nice 200 dollar jeans, new cars, lavish corian countertops, trips to fiji, etc etc (I think she said she bankrupted before she became a finance guru - why did it have to go that far for her to learn to balance a checkbook?)
Poor indian shovelers funds go to money heaven when aggregate princesses can't pay back loan - did japan have lots of bad loans on books - still do eh? But shoveler doesn't mind so much - he has been socialized to expect less and be poor - in fact he probably expected any chance of a wealthy lifestyle going to money heaven - he has been conditioned to learn that rich get richer and poor don't. Who is this palestinian guy demanding rights for his people - they better be thankful we let them have an olive tree while we sip starbucks and buy 1000/hr jenna jameson. Oh thats right, in gaza they are ripping up thier olive trees!
From what I see princess still has many parents and grand parents retirement to suck away, thier houses to monetize and give her the money, and many sucker men, father, and grandpa to still give her dinners, gifts, cars, houses before everyone is so broke and destitute with princesses spending they say NO MORE! I meet very few fathers that are willing to say NO to princess - even fewer grandfathers. I do know a couple - definitely the minority in my peers. Does Jay and El Mat send daughter into the rain when they cry to father how sad thier life is and need money?
I agree that many/most Americans will happily spend themselves into bankruptcy. There's a point at which their income can no longer service additional debts. They spent their last 2 bits puttin on the ritz.
I think we're very near that point right now.
I don't. When I see princesses at the shopping mall wearing old shoes and last years fashions then I will think they have had to scale back - from what I see now - living la vida loca still in full swing - maybe in detroit Princess is scaling back - but not in fla - not from my anectdotal observations. Is anyone here going to detroit malls and seeing these trends? What does princess cut back on first and what is last to go?
Russ and others are amazed princess can keep shopping, that bankers keep buying up her loyd and harry promises to pay. It doesn't shock me - the stories I could tell of people throwing money away on useless princess to the point everyone here would puke with disgust - I will spare you the gore - no one deserves that.
Perhaps I am wrong, perhaps you have NEVER bought princess a dinner, a movie, a gift of any kind just because she was CUTE - you are a saint UB. Perhaps you know fathers, friends, grandfathers that will not make sacrifice after sacrifice so princess can have the "american" dream. Perhaps watching my 2 sisters and nieces suck my parents for most of thier retirement has jaded me and I am biased - I will try to keep an open mind.
Perhaps sending princess to real estate class and interior design school is a better use of princesses brain than sending her to biomed school with Bob Cor - who wants better longer life when we can have stylish living rooms!! hehe |
