The American Dream

[PoopaSwoof]

This is a must watch.

http://www.youtube.com/watch?v=hCH0_4kdwG0&feature=player_embedded#!

 

[Johnfromokc]

AWESOME video PS!!! Everybody should see it.

 

[Staci]

just like i posted on FB i thought it was interesting! i need to watch it again when i dont have 2 little girls talking and climbing all over me LOL

 

[Johnfromokc]

just like i posted on FB i thought it was interesting! i need to watch it again when i dont have 2 little girls talking and climbing all over me LOL

No doubt. This is probably the BEST explanation of the Fed and our current debt problems in the United States. Watch it undistracted as soon as you can and pass it on.

 

[PoopaSwoof]

What scares me is how many people have no clue as to what is really going on.
It's just so convenient and easy to accept the drivel that corporate media gives us, and go about our lives as if nothing is wrong.

 

[Johnfromokc]

What scares me is how many people have no clue as to what is really going on.
It's just so convenient and easy to accept the drivel that corporate media gives us, and go about our lives as if nothing is wrong.

We get caught up in the conservative vs. liberal argument and that overshadows the real cause of our problems. The corporate media encourages this subterfuge to keep us on the credit treadmill and to redirect attention away from the real issues. Those that pay no attention to politics and economics have no clue what is happening to them and don't seem to care.

The only way we will ever fix this is for everyone to stop buying on credit and pay cash for everything they need and want - a tall order indeed. We are addicted to credit and the faux lifestyle it has provided so many of us. Until we break that addiction, it will be business as usual.

 

[PoopaSwoof]

We get caught up in the conservative vs. liberal argument and that overshadows the real cause of our problems. The corporate media encourages this subterfuge to keep us on the credit treadmill and to redirect attention away from the real issues. Those that pay no attention to politics and economics have no clue what is happening to them and don't seem to care.

The only way we will ever fix this is for everyone to stop buying on credit and pay cash for everything they need and want - a tall order indeed. We are addicted to credit and the faux lifestyle it has provided so many of us. Until we break that addiction, it will be business as usual.

That's a tough addiction to break.
Did you ever watch Affluenza?

http://www.youtube.com/watch?v=P7_w3w9VLIw

 

[MoonOwl]

Affluenza is a good one. So is "The Corporation".

I'll say this. Once ones eyes are opened one can see why it's easier to just be a sheep. Much less thinking to do.

 

[Staci]

We get caught up in the conservative vs. liberal argument and that overshadows the real cause of our problems. The corporate media encourages this subterfuge to keep us on the credit treadmill and to redirect attention away from the real issues. Those that pay no attention to politics and economics have no clue what is happening to them and don't seem to care.

The only way we will ever fix this is for everyone to stop buying on credit and pay cash for everything they need and want - a tall order indeed. We are addicted to credit and the faux lifestyle it has provided so many of us. Until we break that addiction, it will be business as usual.

this is one of the main reasons that we do not own any credit cards. granted we do have our cars and student loans, but if we want or need something then we better have the money in our account

 

[MoonOwl]

We've been living w/out credit for a couple of years now. It can be done. PBBB doesn't get all the crap she wants but I think in the long-run she'll have a better appreciation of the value of a dollar. We've already seen a difference in how she spends her allowance so I think that's a good thing.

 

[GoldDust Woman]

Amazing! Who knew!

Years ago, I had every credit card known to man. I got sick and tired of the monthly bills, so, I kept my nose to the grindstone until they were all paid off. I will never again go into debt.

Of course, we all have to pay a mortgage, unless of course, you were born with a silver spoon. I was not. Sad thing is... unless I were to win the lottery, I'll never own my home. And! If I were to win the lottery and pay off my home, I'd still not own it... property tax each and every year.

Makes me worry for the youngsters...

 

[Johnfromokc]

Amazing! Who knew!

Years ago, I had every credit card known to man. I got sick and tired of the monthly bills, so, I kept my nose to the grindstone until they were all paid off. I will never again go into debt.

Of course, we all have to pay a mortgage, unless of course, you were born with a silver spoon. I was not. Sad thing is... unless I were to win the lottery, I'll never own my home. And! If I were to win the lottery and pay off my home, I'd still not own it... property tax each and every year.

Makes me worry for the youngsters...

GDW - You can pay off your house just like you did the CC's. You decided to get that done and you did. Same process for the mortgage. The freedom of no mortgage is an indescribable feeling. The taxes aren't so bad after the mortgage lenders claws have been removed from your life.

The only way we can take the country back from the banks is to stop funding the banks. We have made the decision to step off the debt treadmill and encourage everyone to do the same. It's not easy breaking a lifetime habit of endebtedness that the banks have spent decades programming us to enter. But it is eminently doable if you can summon the will.

I'm concerned for our kids too. College loans are far too easy to get, and once you accept one, the bank owns you until you pay it off. And they will readily loan more than they know you can pay off. The law on student loans was written so that even if you become 100% disabled, you cannot bankrupt out of it. That is why there are so many worthless degrees out there in colleges today - the colleges know they will get paid with the loan money, and the banks know you have no choice but to pay until you die. They don't care if the student can find employment based on the degree or not.

 

[Panacea]

I have no credit card debt, but my life is forever destroyed by Direct Loans. Children are no longer an option for my future at all (luckily I didn't want them much anyway) and I'm lucky to be paired with a Canadian who will not have debt. All of my dreams for adulthood are gone, and I know I won't ever get to travel or own a home, and I can only hope we can start saving for retirement by the time I'm in my 40s.

By retirement I just mean have food to eat when I'm too old to work 40 hours a week.
I was truly ignorant to all of this, as a first generation college student in my family. I paid for college myself for two years, but it got too expensive and I had to resort to loans. Sadly graduate school loans are burying me.

A friend of my ex bf grew up in a no credit family. His parents have purchased everything in cash. They got a ton of money as wedding gifts, and bought a small house in cash. He bought a car in cash and goes to school only when he can pay the tuition.

That's the best way to go.

 

[Kyle B]

I have no credit card debt, but my life is forever destroyed by Direct Loans. Children are no longer an option for my future at all (luckily I didn't want them much anyway) and I'm lucky to be paired with a Canadian who will not have debt. All of my dreams for adulthood are gone, and I know I won't ever get to travel or own a home, and I can only hope we can start saving for retirement by the time I'm in my 40s.

By retirement I just mean have food to eat when I'm too old to work 40 hours a week.
I was truly ignorant to all of this, as a first generation college student in my family. I paid for college myself for two years, but it got too expensive and I had to resort to loans. Sadly graduate school loans are burying me.

A friend of my ex bf grew up in a no credit family. His parents have purchased everything in cash. They got a ton of money as wedding gifts, and bought a small house in cash. He bought a car in cash and goes to school only when he can pay the tuition.

That's the best way to go.

I have a cousin who did their bachelor's and graduate school. Came to over 100k in debt. :eek Craziness.

 

[Panacea]

Is this because of college? I have a cousin who did their bachelor's and graduate school. Came to over 100k in debt. :eek Craziness.

Yes
I went to an inexpensive school, nothing special, but my parents couldn't give me a dime. I was helping them pay their bills while paying for school with my 6.10 an hour wage at CVS

I graduated with 19k in loans, but now I'm up to 50k and I'm not even half way done with my Masters.

 

[Kyle B]

Yes
I went to an inexpensive school, nothing special, but my parents couldn't give me a dime. I was helping them pay their bills while paying for school with my 6.10 an hour wage at CVS

I graduated with 19k in loans, but now I'm up to 50k and I'm not even half way done with my Masters.

I'm in my 3rd year of my bachelor's. No debt so far, and I'm hoping it will stay that way! I'm going to a state school and staying at home/working at the same time.