I think a return to where you actually pay for things (cars, food, etc...) with money instead of plastic is actually a good thing. This debt-laden economy had to crash.
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I think a return to where you actually pay for things (cars, food, etc...) with money instead of plastic is actually a good thing. This debt-laden economy had to crash.
it should be worse, because this is actually a disasterQuote:
Originally Posted by MarsKitten
LHC is only a threat to people who wear tinfoil hats
shit will suck, indeed - millions of people will literally starve if the economy doesn't function to get them food
Without debt, there is no money.Quote:
Originally Posted by haohmaru
this principle is far older than plastic credit cards - or plastic
There would still be debt, credit, and mortgages - it would/should be more difficult to get. Like, say my 10 year old who's getting pre-approved Visa mail already, for example. It used to be difficult to procure credit and now it's far too easy. My girlfriend will get out of grad school with a 100k note due and no job after 7 years of school. That's pretty fucked up.Quote:
Originally Posted by Gooch
Man, these gold bars are HEAVY.
With Obama in office, you won't have to worry about that.
I think that may have flown over your head a bit?
I don't think so.
And it will be. That's why regulation isn't going to be the issue because the markets have already destroyed the business model that people are arguing should have more oversight and regulation. Credit just shouldn't be as hard as it is to currently get.Quote:
Originally Posted by haohmaru
I'd consider that fairly safe debt since you'll probably be the one who pays it. Who are they really pre-approving?Quote:
Like, say my 10 year old who's getting pre-approved Visa mail already, for example. It used to be difficult to procure credit and now it's far too easy.
That is fucked.Quote:
My girlfriend will get out of grad school with a 100k note due and no job after 7 years of school. That's pretty fucked up.