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You have a better solution?
it ain't worth it, unless family were violated. good choice.
You have a better solution?
It's because it would be about 104 dollars each. Not million.
700,000,000,000 divided by 6,770,000,000 = 103.397....
Now, if you gave it out only to the people in the US, you'd end up with...
700,000,000,000 divided by 306, 121, 111 = 2286.676
Which is a little bit better. Still I don't think giving every American two thousand dollars would help this crisis much.
It all depends on how often that 2000 changes hands in the course of a year, i.e. the "velocity" of that cash.
If it is given to me, and I pay a bill, and the en y that I pay that money to goes out and hires/pays somebody who pays a bill or buys something, and that money goes someplace else...
Who knows. I think we need to save more, and should slow down our cash a bit anyways. We have spent too much and saved to little, and that implies that I think money is moving around a bit too fast.
did you attend an American public school?
Agreed. It's always pissed me off that you need to prove you can handle debt before you can get credit. You're telling me if I save up money in order to buy something with cash, that my credit score won't be as high as someone who purchased the same item with credit? It's ridiculous.
I could've saved more in my early 20's, but I also made sure not to live beyond my means. I plan on using my savings to buy now or in the near future, while prices are low. (Having a kid and moving doesn't help either... perfect time to replace our bedroom set, says the wife, and I can't argue that much.)
I knew it. Slow day for me.
Lol! You're right that's what I get for listening to "Canal 13", I can't bealive they ed up so bad maybe I put some numbers wrong.
No, I watch TV
P/S: The fact remains: distribute all the wealth in the world among the people and I'm sure nobody would be on crisis.
Communist! Socialist! Booooo!No, I watch TV
P/S: The fact remains: distribute all the wealth in the world among the people and I'm sure nobody would be on crisis.
It's alright, we all have 'dumb days' from time to time.
even betterNo, I watch TV
P/S: The fact remains: distribute all the wealth in the world among the people and I'm sure nobody would be on crisis.
stop listening to your TV.
That's just my common sense. I want to bealive that there are enough resources in the world to fulfill the needs of every human been.
stop listening to your TV.
We're so fortunate to have a moral compass like Barney Frank.
I'd love nothing more than to see every human on this planet have everything they need to be happy.
Flat equal distribution is not an answer, however, unless you are Karl Marx.
Uhh, that's why it's called a "credit" score.
omg hahahhahahahahahahaha@ pixelpusher
Until warlords with guns take those resources, or conmen trick them out of it... etc etc
Yes, and it's stupid. Because loans are mostly dependent on that score, and not on your buying history/capability. (That's what I've experienced anyways.. please correct me if I'm wrong.)
Let's say I own a bar and you've been a loyal patron for years. I'm more likely to let you run a tab than someone I don't know from Adam.
Right?
true. Short term you can make a lot of money.
But you can't just leave your money in there (like most Americans do with retirement accounts) and expect it to keep going up. Of course the market going to come crashing down because the system is unsustainable.
You can make a lot of money in a ponzi scheme too as long as you don't wait too long.
Not short term but long term.
I was speaking from a technical, finance aspect of corporate capital structure.
Equity funding is pretty expensive due to the risk involved to the provider of the money/capital. Debt funding is somewhat less risky/expensive, because you are placed ahead of the stock holders when it comes to liquidation.
A good company will have a mix of both stock and bonds when raising capital, because the average of the two is cheaper than pure equity.
The hard part is figuring out what the right mix of debt and equity is, and that varies from company to company.
mmm bar, beer, Adam....
Sam Adam's cream stout...
http://beeradvocate.com/beer/profile/35/1879
Not quite the same.
I think a proper analogy would be if I walked into your bar, and said, "Hey, I've owed bars down the street before some money, and I've always paid them back on time. So can I start a tab with you?"
I think it would be better if credit score had less overall impact than things such as monthly pay, defaults, amount of savings, and other better economic indicators.
Last edited by LnGrrrR; 03-31-2009 at 03:36 PM.
As to the OP, I think there's a LOT of blame to go around.
Behold the magical threshold salary of 250K. You think only CEO's and executives make this kind of money? I have known realtors and idependent mortgage brokers that make this kind of money -- and for doing WHAT?
If you've bought a house in recent years, the signs of impending doom were all around you.
You get a real estate scam artist, er, agent, to help you find a home. These worthless people get 3-6% commission. You can save yourself a lot of time using a site like realtor.com, but you still probably have to deal with the seller's agent. By the way, realtors HATE websites like realtor.com. More to the point, they hate that "normal" people have access to them.
After you decide to buy a house, you might end up dealing with a mortgage brokers. These guys get their fees from you AND the bank. I'm sure more than a few of these people have bent the rules here and there. Why not? They don't have anything to lose if you default. The lender assumes the risk.
Then, you go to the le company to close on your house. There, you sign about 3 million pieces of paper, approving all kinds of fees to all kinds of people that did absolutely jack squat for you in the process.
Bottom line, there are too many people in our society that want money for doing nothing. People want it all, they want it now, and they want to expend the least effort to get it.
THAT, is the crux of our problem -- and it applies to people from all economic strata of our country.
Perhaps, but there's got to be some reason why the system is designed this way.
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