Question:

Did or do you fear becoming poor through no fault of your own in the ruthlessway our economic system works?

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(Increasingly there is no safety net if and when you really need it!)

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  1. I don't fear it at the moment, but I know that it is possible. For example I wholeheartedly agree with what "The Canadian Atheist" said in the very first answer. This recession has been caused by stupidity and greed fuelled by morons. However there is a good possibility of losing everything if you have a run of bad luck through no fault of your own. For example losing your job through redundancy, then missing a few mortgage payments after 20 years of steady payments - or getting really ill - especially in America where the health system isn't free (unlike Britain) and then having to rely on the crooks who run the medical insurance companies.

    You have to judge on an individual basis and ultimately, the only people who ever truly win in any financial arrangements are those banking executives at the top - who really are the biggest crooks in the world.


  2. Oh come on.

    The ONLY person to blame for becoming increasingly in debt, is the debtor himself!

    Do you know why there are thousands of payday loan places? Because people are stupid enough to use them.

    Ever notice that there aren't any "live within your means" places? That's because no one wants to be told common sense!

    Live within your means, if that requires you to wait a month before you get the shiny new Wii, then that's what it means.

    But credit card companies don't make billions each year by encouraging that kind of behavior now do they?

  3. Sure.

    Why not?

    Having learned the lesson from our parents.

    How poverty affected us while growing up in time.

    With time in facing the real world.

    Hoping that we can overcome it.

    But it's not the economic system.

    Just self lack of knowledge.

    In chasing the great American dreams.

    That poof into thin air.

    Shrivel up into smokes and ashes in time.

    With unruly behaviour, self prides, self rudeness, self image of standing idol, self discrimination as people of different races of self racism with self lack of knowledge.

    In kicking the butts of God in not worshiping God.

    All for cheap-skate ghostly stories on glory and success in idol worshiping the dead Mummy of failures and horrors of the past from the graveyards of different ghostly ancestor's culture and custom.

    In shaking and waking up the dead Mummy.

    Who was dead and buried was long gone with time.

    Could not even help living human kind.

    When we were the living and not the dead yet.

    After being hit on the head with the Book of the Dead.

    Created in own backyards without being aware of it. too.

    Luke 6.39-40,41-45,46-49

    What do you think?

  4. Not as much as I feared becoming poorer through my own fault!

  5. The question was not "in debt" it was getting poorer by the increasing cost of living and you not getting an increase in income so getting poorer and still having the same outgoings.Im afraid the answers are the typical American "Im all right Jack"

  6. I actually feel for all of us,our so called protectors of the constitution,have reaked havoic upon us.They have allowed the goat herders to turn up the price switch on oil,and in return has made everything go sky rocketing in the stores.I remember about 8 months ago diesel fuel was about $2.50,give or take a few cents a gallon,it is now approx.$5.50,a gallon.The truckers bring all things to the markets so naturally if they have to spend more on fuel,we the consumer will suffer.Good old Uncle Sam,I bet the forefathers are all doing flips in their graves.The great United Corporation of America,I mean states.

  7. But do the credit card companies put an end to your credit card access early or later when you can't afford it any longer? They always blame the borrower first!  But the truth of the matter is they would not be in debt if these companies didn't make it so d**n easy to be there!

  8. People in debt are usually idiots who borrow cash irresponsibly.

  9. I did become poor.  I lived in a shack with no toilet, and I went to sleep at night listening to rats race around in my ceiling.   I did have a microwave and would buy a 5lb sack of potatoes and a stick of butter and that is what I ate for weeks at a time.  All the time working a low paying job.

    That said we are living in the easiest time in history there ever was to live.  Our poor people are fat, have air conditioning and color TV.

    Sure our system is ruthless.  My French friend shakes his head and says he would love to live in America with all the open space, but he would hate to have to try and make a decent living here.

    You have to take the given and do what you can with it.  If you are working class and a white male there is no helping hand, society considers us as 'privilaged' as the rich or middle class whites.  But there are ways to get ahead for those who get serious and work toward a goal instead of living for today or focusing on the roadblocks.

    Today I own a business, have a house in a trendy neighborhood, two nice trucks, two nice motorcycles, and an Arab filly in the pasture.  But it's true, there is no amount of money I can have in the bank and feel safe.  People do lose everything.

  10. Fear it? Goodness, it already happened to me.

    This customer I knew at work, a nice fellow with an English accent, got me approved for a $100,000 loan two years ago.

    After looking at some properties all of which where appraised at least $112,000 I decided to buy a condo.

    Now, I can't get rid of it even if I'm only asking for $70,000.

    That piece of property, appraised at $115,000 when I bought it, sucked every penny out of me.

    I don't see how I'm at fault here when I had an appraisal of $115,000 for a $100,000 condo.

    I was lied to. I can also say that someone in government was not doing their job regulating the housing and financial industries that got so many people in trouble.  

    This is not my fault. It's not my fault to want to make money by buying and selling goods in a capitalist system.

    If someone talked you into buying a Hyundai for $50,000 because that's what they told you it's really worth when in fact it's not worth more $16,000 you can always go to court and argue they deceived you and get your money back.

    I don't understand why I can't do that.

    So here I am with $77.12 left in my bank account.

    This is by far the worst period of my life.  

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