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.
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*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.
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*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.
