Yes, that's what I discussed in my post.

On 06/30/2016 03:32 PM, Mike Dixon mdixon.6...@yahoo.com [FairfieldLife] wrote:
Remember the housing bubble? Get everyone into a house... whether they can afford it or not. Not sure you can completely blame the banks though. They were under pressure to lend to people that couldn't afford a house. If they didn't , they were racist! Hopefully there would be enough good loans to make up for the bad ones.


------------------------------------------------------------------------
*From:* "Bhairitu noozg...@sbcglobal.net [FairfieldLife]" <FairfieldLife@yahoogroups.com>
*To:* FairfieldLife@yahoogroups.com
*Sent:* Thursday, June 30, 2016 4:55 PM
*Subject:* Re: [FairfieldLife] Re: Feel The Burn

What that means is the current standard of living is artificial and inflated because it is using too much credit putting people into debt. Learned my lesson on this going into debt to do the TM-Sidhis course. Quit the music gig I had to do another gig that fell through and that put me into financial straits for a couple years. I learned to use credit wisely paying off the balance most the time unless I really do need to amortize something within my means.

Living in the SF Bay Area I could understand rising housing prices. In 2000 my apartment rent for a 1 bedroom den cost about as much as a house payment so bought a house instead. Housing prices continued to go on the rise because many communities in the Bay Area blocked new housing. But there was actually no reason for housing prices to rise across much of the US including in the small ho-dunk town I grew up in. It seemed to be a conspiracy to put as many people as possible into debt for wage slavery.

On 06/30/2016 02:39 PM, Mike Dixon mdixon.6...@yahoo.com <mailto:mdixon.6...@yahoo.com> [FairfieldLife] wrote:
I think one of the problems is that we've become a consumer nation. Everybody has to have the latest gadget/technology now, whether they can afford it or not! So, they borrow and borrow to get what they want, end up in enormous debt. Nobody has any savings. Yeah, it revs up an economy but with nothing to run on once it's rev'd. Banks used to use peoples savings to lend and make their profits. Now there aren't any savings to use. They go to the Fed who just prints it up, making it worthless in the long run.
Ah say, ah say .. there's just too much consumin' goin' on.


------------------------------------------------------------------------
*From:* "Bhairitu noozg...@sbcglobal.net <mailto:noozg...@sbcglobal.net> [FairfieldLife]" <FairfieldLife@yahoogroups.com> <mailto:FairfieldLife@yahoogroups.com> *To:* FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com>
*Sent:* Thursday, June 30, 2016 3:42 PM
*Subject:* Re: [FairfieldLife] Re: Feel The Burn

The US economy has progressively become more and more lopsided in favor of the rich ever since the Reagan administration. Improvements have not raised everyone's boat. Some solutions are poor like raising the minimum wage won't help a lot since businesses will just increase their prices (usually way too much) to compensate.

Minimum wage jobs were intended for students and part time casual and unskilled workers. Even then back in the day one could still rent a house (or even buy), afford a car, dine out, go to movies on a minimum wage income. No more. Greed took over.

As far as I can see the only solution is a total economic collapse taking out the rich as well. Basically a reboot of the economy.

On 06/29/2016 10:11 PM, rajawilliamsm...@yahoo.com <mailto:rajawilliamsm...@yahoo.com> [FairfieldLife] wrote:
The median home income should be way up, more women are making much more money at least until 2007, more two income families. More people in the world are much wealthier, China, South American countries. and there is a lot of neat things we have with tremendous value, smart phones for example, which we didn't have in 1973. A lot of what wealthy people own is really at service to society, stocks in companies, but we do have to look at excessive use of natural resources, like ozone.








            • Re:... authfri...@yahoo.com [FairfieldLife]
            • Re:... Mike Dixon mdixon.6...@yahoo.com [FairfieldLife]
            • Re:... awoelfleba...@yahoo.com [FairfieldLife]
            • Re:... Mike Dixon mdixon.6...@yahoo.com [FairfieldLife]
            • Re:... awoelfleba...@yahoo.com [FairfieldLife]
            • Re:... Mike Dixon mdixon.6...@yahoo.com [FairfieldLife]
            • Re:... awoelfleba...@yahoo.com [FairfieldLife]
  • Re: [FairfieldLife] Re: F... Bhairitu noozg...@sbcglobal.net [FairfieldLife]
    • Re: [FairfieldLife] ... Bhairitu noozg...@sbcglobal.net [FairfieldLife]
      • Re: [FairfieldLi... Mike Dixon mdixon.6...@yahoo.com [FairfieldLife]
        • Re: [Fairfie... Bhairitu noozg...@sbcglobal.net [FairfieldLife]
        • Re: [Fairfie... dhamiltony...@yahoo.com [FairfieldLife]
          • Re: [Fai... dhamiltony...@yahoo.com [FairfieldLife]
            • Re:... Bhairitu noozg...@sbcglobal.net [FairfieldLife]
            • [Fa... dhamiltony...@yahoo.com [FairfieldLife]
            • [Fa... emptyb...@yahoo.com [FairfieldLife]
            • [Fa... dhamiltony...@yahoo.com [FairfieldLife]
            • [Fa... dhamiltony...@yahoo.com [FairfieldLife]
            • [Fa... dhamiltony...@yahoo.com [FairfieldLife]
            • [Fa... olliesed...@yahoo.com [FairfieldLife]
            • [Fa... dhamiltony...@yahoo.com [FairfieldLife]

Reply via email to