I never put much stock into these numbers. The cost is the cost regardless what's reported. The cost of living beats the alternative........being dead
mark
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>The average American has not been hoarding cash. He has been using it to pay off debt from all of his Pre-2008 spending on credit binge. >>
that debt is long gone, extinguished via foreclosure, short sale, debt forgiveness and bk ...
In fact I'll edit to add, it's why the economy didn't really implode and why you can drive by any restaurant, fats food place, mall and look on porches for cardboard boxes and see they are packed n flowin...
My debt isn't gone - but if someone would like to pay it off for me.....or take it on....please PM me.
Fwiw fresh foreclosures still popping up in my area. I'd say half a dozen of the foreclosures in my area have been vacant for up to 2 years. No real urgency on the bank's part to deal with them. Maybe they can't afford to show the real values of those properties on their "books." That's still debt owned by someone. I'd say consumers have taken on a lot of new debt in the past 3 years of the "booming economy." Those range from new car loans, new construction homes, remodeling loans, student loans, credit cards, etc. Debt is as popular as it ever was. As long as you had a pulse and a McJob, you got a new car loan.
<< <i>The average American has not been hoarding cash. He has been using it to pay off debt from all of his Pre-2008 spending on credit binge. >>
that debt is long gone, extinguished via foreclosure, short sale, debt forgiveness and bk ...
In fact I'll edit to add, it's why the economy didn't really implode and why you can drive by any restaurant, fats food place, mall and look on porches for cardboard boxes and see they are packed n flowin... >>
Don't be so naïve. The debt is not gone. And debt is never forgiven. Some may worm out of paying it, but we will pay for it as a collective I can guarantee you.
So many Americans are literally living on financial fumes, that it's not even funny. The day of economic judgment has been delayed. That's all.
Last I checked US sovereign debt is at an all time high level ($18 TRILL+) and still growing exponentially. FED debt/liabilities also at all time highs ($4 TRILL+). Currencies are all debt instruments and at record highs. Otc derivatives are also debt-money instruments and essentially near the highs of the past 7 years. Where's all the debt forgiveness? Doesn't all this debt eventually land square on top of J6P? Even if Joe had no debt, but his govt was carrying all time record debt, that's going to work out good for Joe?
The economy didn't implode in 2008-2009 because the FED went nuclear on giving out QE to those participants that would have blown up otherwise. Accounting standards for otc derivatives were modified for corporations, banks, etc. to allow them to survive via mark to model rules. All the FED bought was a postponement, not a perpetual "pass."
You guys r hilarious, get off track much??? What was a talk about the avg American and there debt pre 2008, turned into a bunch of whose knows what...lol What I said stands, and that's the bottom line...
<< <i>You guys r hilarious, get off track much??? What was a talk about the avg American and there debt pre 2008, turned into a bunch of whose knows what...lol What I said stands, and that's the bottom line... >>
What you said doesn't stand.
I was talking about the average American, too. I guess you don't understand how the process works.
<< <i>You obviously either can't read or can't comprehend and that's some tough issues to deal with... >>
Have you reviewed some of your posts? You almost have to be looped to decipher what you type at times.
The only thing I can't comprehend is someone not wise enough to figure out that debt is not forgiven. Someone will always pay for it one way or another.
One thing that is missed in many of these discussions of cost of living is the interest rate on home mortgages today. I am NOT talking about people who are underwater or any of the issues regarding the recent financial recession in 2008 +/-, I am talking about people in a normal situation of buying a home with a decent down payment. Mortgage rates are around 4 percent +/- depending upon a bunch of factors and that is for a fixed rate.
This is historically low in terms of my lifetime (I am mid 60s). I have lived through buying a home at 14 percent in the 80s, 9 percent in the 90s and 6 percent in 2000s. What can I say, I moved a lot. Right now I have a 3.75 percent mortgage because I would prefer to leverage a small part of my home's value with tax deductible debt in order to put it to work in the market.
Given those numbers, housing is very affordable in relative terms. Yes, you may live in a very expensive part of the country, but most likely it was always expensive. I have retired to a small town with world class health care and where people are uniformly good natured.
If your major expense is fixed at a low rate, that covers much of your expenses. Many have spoken of how they are frugal and I applaud them, although I cannot say that I am the same. While not a spendthrift, I choose to enjoy certain small pleasures in life. I guess I figured things out ok as my balance sheet is much stronger than when I retired 5 years ago, I live in a much nicer home, albeit 120 years older than the one I retired from.
My point to this rant is that everyone has a different circumstance and cost of living is relative to how and where you live. New cars will always be more expensive, yet gasoline is now a bargain in terms of inflation. If you drive an old car, then your transportation expense is low. Once can cherry pick numbers all day to support a position, but I will say that my seat of the pants view is that inflation has been low real time for the things I consume. One can only view cost of living through the lens they choose to view life.
I choose an optimistic view of the present and the future, it is a much more satisfying way to live.
Retired United States Mint guy, now working on an Everyman Type Set.
<< <i>One thing that is missed in many of these discussions of cost of living is the interest rate on home mortgages today. I am NOT talking about people who are underwater or any of the issues regarding the recent financial recession in 2008 +/-, I am talking about people in a normal situation of buying a home with a decent down payment. Mortgage rates are around 4 percent +/- depending upon a bunch of factors and that is for a fixed rate.
This is historically low in terms of my lifetime (I am mid 60s). I have lived through buying a home at 14 percent in the 80s, 9 percent in the 90s and 6 percent in 2000s. What can I say, I moved a lot. Right now I have a 3.75 percent mortgage because I would prefer to leverage a small part of my home's value with tax deductible debt in order to put it to work in the market.
Given those numbers, housing is very affordable in relative terms. Yes, you may live in a very expensive part of the country, but most likely it was always expensive. I have retired to a small town with world class health care and where people are uniformly good natured.
If your major expense is fixed at a low rate, that covers much of your expenses. Many have spoken of how they are frugal and I applaud them, although I cannot say that I am the same. While not a spendthrift, I choose to enjoy certain small pleasures in life. I guess I figured things out ok as my balance sheet is much stronger than when I retired 5 years ago, I live in a much nicer home, albeit 120 years older than the one I retired from.
My point to this rant is that everyone has a different circumstance and cost of living is relative to how and where you live. New cars will always be more expensive, yet gasoline is now a bargain in terms of inflation. If you drive an old car, then your transportation expense is low. Once can cherry pick numbers all day to support a position, but I will say that my seat of the pants view is that inflation has been low real time for the things I consume. One can only view cost of living through the lens they choose to view life.
I choose an optimistic view of the present and the future, it is a much more satisfying way to live. >>
DeepCoin, that was well said, and
I with you would post more, here and on the main US coin forum, when you post, I nod to myself. I'll bet you scored well on your standardized placement tests when you were in school ..
Don't worry, Musky1011. Some can go ahead and be arrogant enough to dismiss the information, while others are appreciative. Fiat bugs always hate to admit the game is on borrowed time. It has never worked before. But I'm sure this time it's different.
<< <i>Anything on king world news isn't worth linking or reading...unless of course just strictly for comedic entertainment ... >>
Correct 95% with a margin of error 5%.
Celente is a broken record. Yada yada yada. >>
But the guys on the other side who keep lying and telling us things are getting better, aren't? So which is it? Do some of you think this is all going to magically heal its self? What happens when it doesn't? Who suffers then?
Things are going to get better??? Lol, what things??? Heal thyself.... Since you have a great concern, I will assume you won't suffer, so why would you be concerned with "who" suffers?...
<< <i>Things are going to get better??? Lol, what things??? Heal thyself.... Since you have a great concern, I will assume you won't suffer, so why would you be concerned with "who" suffers?... >>
Ok, so don't answer the questions. Side skirting doesn't make the problems go away, though.
<< <i>You guys r hilarious, get off track much??? What was a talk about the avg American and there debt pre 2008, turned into a bunch of whose knows what...lol What I said stands, and that's the bottom line... >>
The average American is on the hook for the govt's debt. How is it any other way? If the govt defaults....the people default with it. The recent moves to remove loop holes from people's debts and bankruptcy will ensure they end up paying for govt's misdeeds. Otc derivative's winners now get precedent for payment over depositors checking/savings account....that's the law. Complain to your govt if you don't like it. But, it will significantly effect J6P's cost of living down the road. By definition J6P is the "average" guy with the average cost of living. His cost of living has not been doing all that great.
You will not default. I will not default. Rawteam and Streeter and even Stan will not default.
Ask yourself if the average Russian is better off now than 18 years ago. Or ask an Argentinian. And those would be extreme examples. Maybe if the US defaulted jobs would even come back.
I don't think the people of Russian, Argentina, Venezuela, Brazil, Greece, etc. are happy with the state of their currencies and govt affairs over the past 1-20 years. Defaults usually don't immediately lead to great things. The US essentially defaulted on its sovereign debts on August 15th, 1971. How did the 1971-1982 period work out following that? J6P certainly took the brunt of that hit. You could call that Team Default.
Comments
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Time is a lot better than money, although money can improve time, if one arranges their affairs so they have plenty of both
Liberty: Parent of Science & Industry
<< <i>The average American has not been hoarding cash. He has been using it to pay off debt from all of his Pre-2008 spending on credit binge. >>
that debt is long gone, extinguished via foreclosure, short sale, debt forgiveness and bk ...
In fact I'll edit to add, it's why the economy didn't really implode and why you can drive by any restaurant, fats food place, mall and look on porches for cardboard boxes and see they are packed n flowin...
Fwiw fresh foreclosures still popping up in my area. I'd say half a dozen of the foreclosures in my area have been vacant for up to 2 years. No real urgency on the bank's part to deal with them. Maybe they can't afford to show the real values of those properties on their "books." That's still debt owned by someone. I'd say consumers have taken on a lot of new debt in the past 3 years of the "booming economy." Those range from new car loans, new construction homes, remodeling loans, student loans, credit cards, etc. Debt is as popular as it ever was. As long as you had a pulse and a McJob, you got a new car loan.
<< <i>
<< <i>The average American has not been hoarding cash. He has been using it to pay off debt from all of his Pre-2008 spending on credit binge. >>
that debt is long gone, extinguished via foreclosure, short sale, debt forgiveness and bk ...
In fact I'll edit to add, it's why the economy didn't really implode and why you can drive by any restaurant, fats food place, mall and look on porches for cardboard boxes and see they are packed n flowin... >>
Don't be so naïve. The debt is not gone. And debt is never forgiven. Some may worm out of paying it, but we will pay for it as a collective I can guarantee you.
So many Americans are literally living on financial fumes, that it's not even funny. The day of economic judgment has been delayed. That's all.
The economy didn't implode in 2008-2009 because the FED went nuclear on giving out QE to those participants that would have blown up otherwise. Accounting standards for otc derivatives were modified for corporations, banks, etc. to allow them to survive via mark to model rules. All the FED bought was a postponement, not a perpetual "pass."
What was a talk about the avg American and there debt pre 2008, turned into a bunch of whose knows what...lol
What I said stands, and that's the bottom line...
<< <i>You guys r hilarious, get off track much???
What was a talk about the avg American and there debt pre 2008, turned into a bunch of whose knows what...lol
What I said stands, and that's the bottom line... >>
What you said doesn't stand.
I was talking about the average American, too. I guess you don't understand how the process works.
<< <i>You obviously either can't read or can't comprehend and that's some tough issues to deal with... >>
Have you reviewed some of your posts? You almost have to be looped to decipher what you type at times.
The only thing I can't comprehend is someone not wise enough to figure out that debt is not forgiven. Someone will always pay for it one way or another.
This is historically low in terms of my lifetime (I am mid 60s). I have lived through buying a home at 14 percent in the 80s, 9 percent in the 90s and 6 percent in 2000s. What can I say, I moved a lot. Right now I have a 3.75 percent mortgage because I would prefer to leverage a small part of my home's value with tax deductible debt in order to put it to work in the market.
Given those numbers, housing is very affordable in relative terms. Yes, you may live in a very expensive part of the country, but most likely it was always expensive. I have retired to a small town with world class health care and where people are uniformly good natured.
If your major expense is fixed at a low rate, that covers much of your expenses. Many have spoken of how they are frugal and I applaud them, although I cannot say that I am the same. While not a spendthrift, I choose to enjoy certain small pleasures in life. I guess I figured things out ok as my balance sheet is much stronger than when I retired 5 years ago, I live in a much nicer home, albeit 120 years older than the one I retired from.
My point to this rant is that everyone has a different circumstance and cost of living is relative to how and where you live. New cars will always be more expensive, yet gasoline is now a bargain in terms of inflation. If you drive an old car, then your transportation expense is low. Once can cherry pick numbers all day to support a position, but I will say that my seat of the pants view is that inflation has been low real time for the things I consume. One can only view cost of living through the lens they choose to view life.
I choose an optimistic view of the present and the future, it is a much more satisfying way to live.
Can someone link this for me
http://kingworldnews.com/gerald-celente-8-8-15/
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
<< <i>Can someone link this for me
http://kingworldnews.com/gerald-celente-8-8-15/ >>
linky
<< <i>One thing that is missed in many of these discussions of cost of living is the interest rate on home mortgages today. I am NOT talking about people who are underwater or any of the issues regarding the recent financial recession in 2008 +/-, I am talking about people in a normal situation of buying a home with a decent down payment. Mortgage rates are around 4 percent +/- depending upon a bunch of factors and that is for a fixed rate.
This is historically low in terms of my lifetime (I am mid 60s). I have lived through buying a home at 14 percent in the 80s, 9 percent in the 90s and 6 percent in 2000s. What can I say, I moved a lot. Right now I have a 3.75 percent mortgage because I would prefer to leverage a small part of my home's value with tax deductible debt in order to put it to work in the market.
Given those numbers, housing is very affordable in relative terms. Yes, you may live in a very expensive part of the country, but most likely it was always expensive. I have retired to a small town with world class health care and where people are uniformly good natured.
If your major expense is fixed at a low rate, that covers much of your expenses. Many have spoken of how they are frugal and I applaud them, although I cannot say that I am the same. While not a spendthrift, I choose to enjoy certain small pleasures in life. I guess I figured things out ok as my balance sheet is much stronger than when I retired 5 years ago, I live in a much nicer home, albeit 120 years older than the one I retired from.
My point to this rant is that everyone has a different circumstance and cost of living is relative to how and where you live. New cars will always be more expensive, yet gasoline is now a bargain in terms of inflation. If you drive an old car, then your transportation expense is low. Once can cherry pick numbers all day to support a position, but I will say that my seat of the pants view is that inflation has been low real time for the things I consume. One can only view cost of living through the lens they choose to view life.
I choose an optimistic view of the present and the future, it is a much more satisfying way to live. >>
DeepCoin, that was well said, and
I with you would post more, here and on the main US coin forum, when you post, I nod to myself.
I'll bet you scored well on your standardized placement tests when you were in school ..
Liberty: Parent of Science & Industry
Just another tool of the string pullers to enforce the NWO.
Knowledge is the enemy of fear
Some have greater needs than others.
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
<< <i>Oh well >>
Don't worry, Musky1011. Some can go ahead and be arrogant enough to dismiss the information, while others are appreciative. Fiat bugs always hate to admit the game is on borrowed time. It has never worked before. But I'm sure this time it's different.
<< <i>The more you know the less you need. >>
Similarly, the more you have the less you want.
<< <i>Anything on king world news isn't worth linking or reading...unless of course just strictly for comedic entertainment ... >>
Correct 95% with a margin of error 5%.
Celente is a broken record. Yada yada yada.
<< <i>
<< <i>Anything on king world news isn't worth linking or reading...unless of course just strictly for comedic entertainment ... >>
Correct 95% with a margin of error 5%.
Celente is a broken record. Yada yada yada. >>
But the guys on the other side who keep lying and telling us things are getting better, aren't? So which is it? Do some of you think this is all going to magically heal its self? What happens when it doesn't? Who suffers then?
Heal thyself.... Since you have a great concern, I will assume you won't suffer, so why would you be concerned with "who" suffers?...
<< <i>Things are going to get better??? Lol, what things???
Heal thyself.... Since you have a great concern, I will assume you won't suffer, so why would you be concerned with "who" suffers?... >>
Ok, so don't answer the questions. Side skirting doesn't make the problems go away, though.
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
Will unbunch panties for food.
<< <i>You guys r hilarious, get off track much???
What was a talk about the avg American and there debt pre 2008, turned into a bunch of whose knows what...lol
What I said stands, and that's the bottom line... >>
The average American is on the hook for the govt's debt. How is it any other way? If the govt defaults....the people default with it. The recent moves to remove loop holes from people's debts and bankruptcy will ensure they end up paying for govt's misdeeds. Otc derivative's winners now get precedent for payment over depositors checking/savings account....that's the law. Complain to your govt if you don't like it. But, it will significantly effect J6P's cost of living down the road. By definition J6P is the "average" guy with the average cost of living. His cost of living has not been doing all that great.
You will not default. I will not default. Rawteam and Streeter and even Stan will not default.
Ask yourself if the average Russian is better off now than 18 years ago. Or ask an Argentinian. And those would be extreme examples. Maybe if the US defaulted jobs would even come back.
Knowledge is the enemy of fear
http://www.paulcraigroberts.org/2015/08/10/us-economy-continues-collapse-paul-craig-roberts/
And another
http://www.paulcraigroberts.org/2015/08/05/prescription-peace-prosperity-paul-craig-robert/
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
I can safely say that I am possibly light years removed from declaring default.
But thank you for your concern.
Now, about that default thingy...we all know that Projection is overrated.