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 meams
Blessed
Registered: 01/11/05
Posts: 17,458
Loc: In a Tree
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 Re: Fed's balance sheet.  [Re: Icelander]
#9749569 - 02/06/09 02:51 PM (4 years, 3 months ago) |
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Yep, I'll be going down that same path. My dad said the best advice his father ever gave him was to save your raises. For example:
If you start out making...$40,000 a year, save some percentage.
Then if you get a promotion and make $45,000 a year - live off of 40k and save the 5k. And so on and so forth.
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It'll be nice to have all of what i need, some of what i want, and be able to sit back and relax the next time one of these crisis hits the states'.
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zorbman
Be Prepared
Registered: 06/04/04
Posts: 5,746
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Re: Fed's balance sheet. [Re: meams]
#9749681 - 02/06/09 03:13 PM (4 years, 3 months ago) |
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And the magic of compounding interest is a wondrous thing. 
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Why does changing the party in power never change policy? Could it be that the views of both parties are essentially the same? - Ron Paul
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Icelander
The Minstrel in the Gallery
Registered: 03/15/05
Posts: 79,860
Loc: underbelly
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Re: Fed's balance sheet. [Re: meams]
#9750197 - 02/06/09 04:56 PM (4 years, 3 months ago) |
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The really great thing was I had my money in CDs and Govt Securities when all this recession shit hit the fan and I lost $0. Any loss of interest lately is offset my tweaking my current standard of living only slightly.
I rarely even think about the countries current economic woes. I think about going hiking/fishing and taking naps instead.
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"Hang on tightly, let go lightly" -anonymous
“under the present brutal and primitive conditions on this planet, every person you meet should be regarded as one of the walking wounded. we have never seen a man or woman not slightly deranged by either anxiety or grief. we have never seen a totally sane human being.”
― Robert Anton Wilson
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 geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙
Registered: 05/08/01
Posts: 17,709
Loc: city of angels 
Last seen: 3 days, 3 hours
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 Re: Fed's balance sheet. [Re: Icelander]
#9750256 - 02/06/09 05:06 PM (4 years, 3 months ago) |
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Well done. 
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┼ ··∙ long live the shroomery ∙·· ┼
...╬π╥  ╥π╬...
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Icelander
The Minstrel in the Gallery
Registered: 03/15/05
Posts: 79,860
Loc: underbelly
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Re: Fed's balance sheet. [Re: geokills]
#9750344 - 02/06/09 05:26 PM (4 years, 3 months ago) |
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Thanks. It's not the way they say to do it but it's the way people used to do it. And really if they did I wonder what kind of economy we would have? It's an interesting question don't you think? I also wonder what effect it would have on our natural resources and wilderness areas and general quality of living. Are we just here to consume at an ever accelerating pace?
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"Hang on tightly, let go lightly" -anonymous
“under the present brutal and primitive conditions on this planet, every person you meet should be regarded as one of the walking wounded. we have never seen a man or woman not slightly deranged by either anxiety or grief. we have never seen a totally sane human being.”
― Robert Anton Wilson
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meams
Blessed
Registered: 01/11/05
Posts: 17,458
Loc: In a Tree
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Re: Fed's balance sheet. [Re: Icelander]
#9751838 - 02/06/09 09:26 PM (4 years, 3 months ago) |
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Pretty much. We're here to make our lives the best we can, while we can. It's pretty much every human being's ambition, and is why everyone (including members of congress) act in their own self-interest.
I think if everyone had all their money in CDs and government securities our economy would be much smaller than it is now. The financial markets are crucial: moving money from those who have it (investors) to those who need it (businesses) - everybody wins (investors get returns, businesses get liquidity).
So, yes - our shit hit the fan, and things got screwy because of greed. But it was unavoidable. Sure, people could have "done the right thing" (etc.), but that's not the human way (let alone the American way).
'meh
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LunarEclipse
Mr. Dogma Free
Registered: 10/31/04
Posts: 10,676
Loc: The Hand
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Re: Fed's balance sheet. *DELETED* [Re: zorbman]
#9753677 - 02/07/09 09:00 AM (4 years, 3 months ago) |
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Post deleted by LunarEclipseReason for deletion: Enjoy
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Don't submit to dogma.
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meams
Blessed
Registered: 01/11/05
Posts: 17,458
Loc: In a Tree
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Lol yeah.
Except this story involves me pissing my pants. That story involves a very well educated man using his knowledge to steer the economy on the course he & his board of advisors deems best.
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LunarEclipse
Mr. Dogma Free
Registered: 10/31/04
Posts: 10,676
Loc: The Hand
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Re: Fed's balance sheet. *DELETED* [Re: meams]
#9753765 - 02/07/09 09:55 AM (4 years, 3 months ago) |
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Post deleted by LunarEclipseReason for deletion: ways of meams
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Don't submit to dogma.
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meams
Blessed
Registered: 01/11/05
Posts: 17,458
Loc: In a Tree
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you're right, it's a giant conspiracy.
please go away.
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LunarEclipse
Mr. Dogma Free
Registered: 10/31/04
Posts: 10,676
Loc: The Hand
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Re: Fed's balance sheet. *DELETED* [Re: meams]
#9761659 - 02/08/09 07:33 PM (4 years, 3 months ago) |
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Post deleted by LunarEclipseReason for deletion: n/a
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Don't submit to dogma.
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meams
Blessed
Registered: 01/11/05
Posts: 17,458
Loc: In a Tree
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Very much so!
you got rid of all that dribble. now when some random shroomerite stumbles into this thread their brain won't be poisoned by the garbage you were spouting. I don't remember what exactly you were saying, but I rarely contest posts that make sense.
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