Comments on: America – The Bail-out Capital of the World http://www.creditwithdrawal.com/wordpress/2008/03/25/america-the-bail-out-capital-of-the-world/ Helping You Kick the Credit Habit, One Good Idea at a Time Thu, 31 Dec 2009 04:56:04 -0700 http://wordpress.org/?v=2.8 hourly 1 By: Uncle B http://www.creditwithdrawal.com/wordpress/2008/03/25/america-the-bail-out-capital-of-the-world/comment-page-1/#comment-1765 Uncle B Sat, 26 Apr 2008 22:02:55 +0000 http://www.creditwithdrawal.com/2008/03/25/america-the-bail-out-capital-of-the-world/#comment-1765 The American government prints money. Four $100.00 bills cost $0.10 - yes! ten cents to print! and Bush has the crank in his hands! Never ever save money, always borrow to the limit, it is bad business to have any outstanding credit, you will lose it to inflation and the government's money machine! Never mind fair! honest! frugal! - only noble idiots and paupers believe this tripe! Get real! Look at the price of a house, car, loaf of bread, whatever, over the last century in 10 year increments and ask yourself if interest rates keep up or are just a banker's way of kicking your ass! Default on the bastards and walk away laughing! This time Bush seems to have pushed a little hard, and eventually the end will come and we will all go bankrupt, and just start again! In the mean time, the Arabs and the Chinese, holders and respecters of the value of paper, must be feeling a little stupid when they look a what the billions of dollars in paper they hold will buy, at it's new, deflated value! Bush stole billions from the oil barons and the Chinese and they are too damned ashamed to complain. The oil they shipped is burnt, the toys they sent are in the landfills, the money we paid them with is worth less by far, and we are ready for the next round of suckers, probably India or Russia or Taiwan! Our only fear is that they might catch on and go to the Euro, but I'm sure that the boys who control the Euro have a few games up their sleeves too! The American government prints money. Four $100.00 bills cost $0.10 – yes! ten cents to print! and Bush has the crank in his hands! Never ever save money, always borrow to the limit, it is bad business to have any outstanding credit, you will lose it to inflation and the government’s money machine! Never mind fair! honest! frugal! – only noble idiots and paupers believe this tripe! Get real! Look at the price of a house, car, loaf of bread, whatever, over the last century in 10 year increments and ask yourself if interest rates keep up or are just a banker’s way of kicking your ass! Default on the bastards and walk away laughing! This time Bush seems to have pushed a little hard, and eventually the end will come and we will all go bankrupt, and just start again! In the mean time, the Arabs and the Chinese, holders and respecters of the value of paper, must be feeling a little stupid when they look a what the billions of dollars in paper they hold will buy, at it’s new, deflated value! Bush stole billions from the oil barons and the Chinese and they are too damned ashamed to complain. The oil they shipped is burnt, the toys they sent are in the landfills, the money we paid them with is worth less by far, and we are ready for the next round of suckers, probably India or Russia or Taiwan! Our only fear is that they might catch on and go to the Euro, but I’m sure that the boys who control the Euro have a few games up their sleeves too!

]]> By: Hanks Weekly Hangouts #26 (April 20, 2008) - and why do I post weekly roundups? | My Investing Blog http://www.creditwithdrawal.com/wordpress/2008/03/25/america-the-bail-out-capital-of-the-world/comment-page-1/#comment-1689 Hanks Weekly Hangouts #26 (April 20, 2008) - and why do I post weekly roundups? | My Investing Blog Sun, 20 Apr 2008 08:11:34 +0000 http://www.creditwithdrawal.com/2008/03/25/america-the-bail-out-capital-of-the-world/#comment-1689 [...] CreditWithDrawl fired up a good post about America being the bailout capital of the world. And it certainly makes sense with what we see happening with the subprime crisis of [...] [...] CreditWithDrawl fired up a good post about America being the bailout capital of the world. And it certainly makes sense with what we see happening with the subprime crisis of [...]

]]> By: Top Referrers and Some Good Reading http://www.creditwithdrawal.com/wordpress/2008/03/25/america-the-bail-out-capital-of-the-world/comment-page-1/#comment-1607 Top Referrers and Some Good Reading Sun, 06 Apr 2008 09:01:06 +0000 http://www.creditwithdrawal.com/2008/03/25/america-the-bail-out-capital-of-the-world/#comment-1607 [...] Credit Withdrawal wrote an excellent post about how America is the bail-out capital of the world. [...] [...] Credit Withdrawal wrote an excellent post about how America is the bail-out capital of the world. [...]

]]> By: College Kid http://www.creditwithdrawal.com/wordpress/2008/03/25/america-the-bail-out-capital-of-the-world/comment-page-1/#comment-1549 College Kid Tue, 01 Apr 2008 03:28:05 +0000 http://www.creditwithdrawal.com/2008/03/25/america-the-bail-out-capital-of-the-world/#comment-1549 As a very frugal student that's amazed by her fellow students that think they can afford new cars, tuition, and expensive dorm rooms without income... I would say the "bail-out" lesson is already engrained in otherwise intelligent people. First, it starts with the parents, then when that well is dry, they continue the downward spiral. I made a promise to myself that I would do everything I could to graduate without debt. So, I studied, and failing to get sufficient scholarships through that route, I enlisted. I actually have saved money in college through part-time jobs and winters without using gas heating. I admit, I'm crazy frugal. But, when I talk about IRAs and CDs, my classmates get envious. Even if the IRA is tanking... I haven't had a chance to think about a house. Do I really want to subsidize people as a completely innocent person that actually reads the fine print? My parents taught me a valuable lesson. They bought too much when they were young, leading to a rather lean childhood for my brothers and I. Now, how to pass on the frugality without depriving my future kids...? As a very frugal student that’s amazed by her fellow students that think they can afford new cars, tuition, and expensive dorm rooms without income… I would say the “bail-out” lesson is already engrained in otherwise intelligent people. First, it starts with the parents, then when that well is dry, they continue the downward spiral.
I made a promise to myself that I would do everything I could to graduate without debt. So, I studied, and failing to get sufficient scholarships through that route, I enlisted. I actually have saved money in college through part-time jobs and winters without using gas heating. I admit, I’m crazy frugal. But, when I talk about IRAs and CDs, my classmates get envious. Even if the IRA is tanking…
I haven’t had a chance to think about a house. Do I really want to subsidize people as a completely innocent person that actually reads the fine print? My parents taught me a valuable lesson. They bought too much when they were young, leading to a rather lean childhood for my brothers and I. Now, how to pass on the frugality without depriving my future kids…?

]]> By: Llama Money http://www.creditwithdrawal.com/wordpress/2008/03/25/america-the-bail-out-capital-of-the-world/comment-page-1/#comment-1546 Llama Money Mon, 31 Mar 2008 20:43:50 +0000 http://www.creditwithdrawal.com/2008/03/25/america-the-bail-out-capital-of-the-world/#comment-1546 I couldn't vote for McCain..... no one who wants to stick it out in Iraq gets my vote. All other issues come secondary to that in my eyes.. Besides that single issue, I'd vote for him in a heartbeat. <em><strong>Llama Money's last blog post..<a href='http://feeds.feedburner.com/~r/LlamaMoney/~3/258408936/' rel="nofollow">Diversify your Cash</a></strong></em> I couldn’t vote for McCain….. no one who wants to stick it out in Iraq gets my vote. All other issues come secondary to that in my eyes..

Besides that single issue, I’d vote for him in a heartbeat.

Llama Money’s last blog post..Diversify your Cash

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