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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (88630)3/30/2012 8:36:35 PM
From: carranza2  Read Replies (1) | Respond to of 217591
 
I thought it deeply ironic that B's son now has a monster debt to deal with, despite a medical degree.



To: TobagoJack who wrote (88630)3/30/2012 11:02:24 PM
From: TobagoJack1 Recommendation  Read Replies (2) | Respond to of 217591
 
i am not troubled by the truth that we are in a crisis of some significant dimension

i am okay that the elapsed time of the crisis is very uncertain and may well be materially elongated by further officialdoms' mistakes in line with past errors

i stay with guidance of 6-14 years to definitive crisis

the mistakes and errors are worrisome because the same officialdoms actually still believe, with perhaps all sincerity, that they are doing god's work

in the mean nasty time, we might as well enjoy the experience

beautiful saturday, wonderful weekend, good-enough quarter's end

today we attend a series of events starting with good lunch, through to my brother-in-law's concert conducted by loring maazel, onward to a cocktail by barclays bank, and capped of with ohwhoawee dinner to hob-n-nob.

next wednesday we break for easter and visit a region famous for gigantic clams the size of face basins

the kids are excited (jack, at 20-months, is starting with much 2 syllables words, and on own, put his soiled blanket in washer, took out fresh blanket from dryer, and wrapped his prized foot-long model car in blanket)



To: TobagoJack who wrote (88630)3/31/2012 5:24:07 PM
From: Maurice Winn1 Recommendation  Respond to of 217591
 
Rule of life learned 4 decades ago: < as guidance, we must keep front-of-mind that money is an insincere derivative used in a bankrupting banking ponzi scheme operated by faithless folks who have not one shred of decency and spewing much evil. may god forgive them, or not. > Whether borrowing or lending, one is joining in the game, played by the House to their own advantage, draining both sides of the debtor/creditor ledger, one, then the other, and back again.

Or, as William Shakespeare wrote centuries ago, neither a borrower nor a lender be ... and that was at a time of real money made of gold and silver, let alone the modern fiat fantasy of financial relativity theory.

Mqurice



To: TobagoJack who wrote (88630)4/1/2012 9:36:48 AM
From: carranza21 Recommendation  Read Replies (2) | Respond to of 217591
 
The student loan issue is big but not upon us so it will be ignored until its effects cannot be ignored.

The amounts are huge.

The latest batch are now 100% guaranteed by the Feds, thus leading to inflation in tuition since the Feds pay for defaults. In turn, it is devilishly hard to go bankrupt on them so they will be a drag on income -whatever there is of it thanks to unemployment, low growth, etc., thus contributing to low growth.

All while boomers are retiring and the bills for the bailouts come due, which will be paid in large measure by the indebted students.

No loans for my son's education. We will pay for it but require him to work for whatever goodies he wants.