Author Topic: Economics Culture  (Read 2388 times)

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Offline wilber

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Re: Economics Culture
« Reply #60 on: January 17, 2020, 11:18:40 pm »
A buddy has an A3 and his wifey has a TT.   Very cool cars.

Have you looked at the RS3? 400 HP, same with the RSTT.
"Never trust a man without a single redeeming vice" WSC

Offline the_squid

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Re: Economics Culture
« Reply #61 on: January 19, 2020, 01:09:10 pm »
Have you looked at the RS3? 400 HP, same with the RSTT.


Oh yes....  Iíve drooled over those. 

« Last Edit: January 19, 2020, 01:43:49 pm by the_squid »

Offline MH

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Re: Economics Culture
« Reply #62 on: February 15, 2020, 06:06:42 am »
Boris Johnson with the Donald Trump approach to debt..

But with a twist

https://twitter.com/paulkrugman/status/1228592352421449728?s=19

Offline ?Impact

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Re: Economics Culture
« Reply #63 on: February 15, 2020, 10:20:33 am »
Global debt is MASSIVE

The world's already huge debt load smashed the record for the highest debt-to-GDP ratio before 2019 was even over.
In fact, it broke that record in the first nine months of last year. Global debt, which comprises borrowings from households, governments and companies, grew by $9 trillion to nearly $253 trillion during that period, according to the Institute of International Finance.


Rising debt across the world has been a big concern for investors and has also been flagged as the next breaking point by a number of economists.

Debt is artificial, a creation of economists. This is their failure. Time to rebuild the world, and put the economists and lawyers at the bottom of the ocean. if the bankers want to collect, they are free to join them.
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Offline MH

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Re: Economics Culture
« Reply #64 on: February 15, 2020, 01:39:18 pm »
So that's something you can do once.  After that you would not be trusted.

Offline wilber

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Re: Economics Culture
« Reply #65 on: February 15, 2020, 01:55:35 pm »
Debt is artificial, a creation of economists. This is their failure. Time to rebuild the world, and put the economists and lawyers at the bottom of the ocean. if the bankers want to collect, they are free to join them.

If debt is artificial, so is the nationís currency. Default on your debt and your money, pensions and  any other monetary benefits you get from government are worth nothing.
 You are starting to sound like Trump.

Right now we spend 25% more servicing federal debt than we do on defence.
« Last Edit: February 15, 2020, 01:58:04 pm by wilber »
"Never trust a man without a single redeeming vice" WSC

Offline Gorgeous Graham

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Re: Economics Culture
« Reply #66 on: February 16, 2020, 02:05:47 am »
Debt is artificial, a creation of economists. This is their failure. Time to rebuild the world, and put the economists and lawyers at the bottom of the ocean. if the bankers want to collect, they are free to join them.

Sure, don't put any blame on the people who choose to borrow.  Economists and bankers put guns to their heads.

Bought some fancy clothes yesterday and charged on my Visa cuz I don't actually have the money, that's the banks fault.

Shot my wife in the face, but they arrested the store that sold me the gun, it's their fault.
I can tell how good of a person you are by how you treat the people you disagree with.
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Offline ?Impact

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Re: Economics Culture
« Reply #67 on: February 16, 2020, 01:15:17 pm »
Sure, don't put any blame on the people who choose to borrow.

Where the frig did you pull that accusation from?

Offline kimmy

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Re: Economics Culture
« Reply #68 on: February 28, 2020, 02:02:07 am »
Debt is artificial, a creation of economists. This is their failure. Time to rebuild the world, and put the economists and lawyers at the bottom of the ocean. if the bankers want to collect, they are free to join them.

Obviously many people use credit foolishly.  But have you really thought about a society without borrowing?  No student loans? No mortgages?  To me it seems like that would do more to create barriers between the wealthy and the poor than anything else. If you wanted to make a permanent underclass, keeping people from going to college and keeping people from building equity by owning a home seem like a good start.

 -k
Masked for your safety.

Offline ?Impact

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Re: Economics Culture
« Reply #69 on: February 28, 2020, 02:34:54 pm »
But have you really thought about a society without borrowing?  No student loans? No mortgages?

No student loans is a good thing. Our society benefits from an educated workforce, education should be provided to those who maintain standards (e.g. grades).

Mortgages are mostly needed because we have inflated housing prices due to speculation.
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Offline MH

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Re: Economics Culture
« Reply #70 on: February 28, 2020, 06:16:21 pm »
No student loans is a good thing. Our society benefits from an educated workforce, education should be provided to those who maintain standards (e.g. grades).
 

This is true, but 'education' is pursued as a gateway to a middle class lifestyle.  I think education should be very reasonable, but geared to what is needed.  Education is an industry with its own goals, which isn't useful AFAICS.
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Offline Gorgeous Graham

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Re: Economics Culture
« Reply #71 on: February 28, 2020, 06:46:28 pm »
Where the frig did you pull that accusation from?

Economists don't force people to borrow, and they didn't create debt, though they may support it.

We are all ultimately responsible for our personal finances and debt, with few extraordinary exceptions.  People can only change their behaviour when they realize they are responsible for it, instead of only blaming others.  The only person who can sign on the dotted line is you.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline Gorgeous Graham

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Re: Economics Culture
« Reply #72 on: February 28, 2020, 06:48:40 pm »
Obviously many people use credit foolishly.  But have you really thought about a society without borrowing?  No student loans? No mortgages?  To me it seems like that would do more to create barriers between the wealthy and the poor than anything else. If you wanted to make a permanent underclass, keeping people from going to college and keeping people from building equity by owning a home seem like a good start.

 -k

Credit is a tool like any other.  People can use tools poorly or use them well, it's up to them.  A bad deal is a bad deal, and a good deal is a good deal.  We must all choose wisely and always read the fine print.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline Gorgeous Graham

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Re: Economics Culture
« Reply #73 on: February 28, 2020, 06:51:47 pm »
No student loans is a good thing. Our society benefits from an educated workforce, education should be provided to those who maintain standards (e.g. grades).

Mortgages are mostly needed because we have inflated housing prices due to speculation.

I'm glad we live in a country where education is attainable by anyone, and tuition and student loans are reasonable.  Unlike the US, where the student debt can be crippling and is a money-making industry like any other.

I agree with you about inflated housing prices.  Speculation is a big factor, among others.  We need more regulation in real estate, big-time.  That becomes hard when banks, big developers etc are so politically powerful.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline MH

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Re: Economics Culture
« Reply #74 on: February 28, 2020, 07:04:59 pm »
I agree with you about inflated housing prices.  Speculation is a big factor, among others.  We need more regulation in real estate, big-time.  That becomes hard when banks, big developers etc are so politically powerful.

The thing is - the inflating bubble is really good for the economy and makes middle-class homeowners feel better about having no savings.  I suspect their back pocket plan is "sell the house, pay off the visa and move to Nepean" or Kingston.

It's all going to crash very soon.  There can't be this much actual money in the world to drive these things.  Somebody is in debt, and in trouble...