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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (45287)	7/30/2001 3:10:26 PM
From: McNabb Brothers	Read Replies (1) \| Respond to of 56537

Never forget when I was caught toilet papering a friends yard when I was in high school, back in the early 70's, by my father. He sat me down and handed me a Sears and Roebuck catalog and said, "unless you want to wipe your behind with this catalog I would recommend that you not waste toilet paper by throwing it into trees!" He went on to tell me how that was all his family had to wipe their behinds with when he was growing up in the 30's! Made me think and think hard, for I do not waste toilet paper anymore! The sad thing about this story is that there is no longer a Sears and Roebuck catalog as my father knew it, so I guess I wonder what I will use to tell my son or daughter how rough it could be if they ever get caught toilet papering someone yard! Hank

To: LTK007 who wrote (45287)	7/30/2001 5:13:50 PM
From: westpacific	Respond to of 56537

I respect you, wish there were more Americans in the country just like you. DEBT is out of control. Did you know even Thomas Jefferson died with like 125,000 in debt. This idea of printing money like there is no end is so risky. All it has done is caused people to live way beyond their means. I am like you, I do carry mortgage debt, but bought at cycle bottoms and would never refinance out the equity - EVER. Also my wife and I drive simple cars, live in a simple house and shop for the deal. You know what, in WW2, my father lived in England, at 16 he had to dig in trash cans to help feed the family. He moved to America and worked hard his whole life to make things better for our family. But he always taught me how times can be difficult and the value of money. Many have forgotten this lesson. Right now the entire financial system is out of control. All the best West

To: LTK007 who wrote (45287)	7/31/2001 9:32:46 AM
From: John Curtis	Respond to of 56537

Nice post. As a whole I agree that Americans in general have an appalling disregard for how debt is basically indentured servitude (though used properly it IS a source of power). It seems the more things change the more they stay the same. Whereas 500 years ago people were tied, as serfs, to land owned by the aristocracy now they're tied to their jobs which are controlled by faceless corporations. And all the while they hand-cuff themselves and their families, willingly, by engaging in what amounts to, by times past standards, wanton consumer gluttonies. But, not ALL Americans do this. Some of us "out there," who've only viewed the Depression from a historical standpoint, DO understand your philosophy and live by it. You can consider us an example of listening to the lessons of history. ;-) Regards! John~