Get ready to start buying.

Walker · #1 (**permalink**) 10-06-2008, 10:30 AM

I still don't understand why people act like this market slump is so shocking...this happens every 20 years regardless of whose president and regardless of what party is in power.

Maybe if people actually spent their money better and saved from time to time they'd be feasting on this market frenzy.

People need to take it for what it is and quit their goddamn whining!

**SARS-expl0ted** · 10-06-2008, 10:37 AM

Something you do not understand is that the price of living keeps going up but what people get paid stays the same which makes it even harder to get buy for some people.

I actually have a GOOD job, 40 hours a week and I do not work at some fast food bullshit job and it is hard for me to make a living. I am not whining, I am understanding but just so you know it is hard to save money up when you do not have any to put away in the first place due to bills, rent, mortgage, etc.

Walker · 10-06-2008, 10:43 AM

I hear ya but this isn't the first time this has happened.

The cost of living is rising and basic things like groceries and services are increasing without any compensation, but once again this isn't new it's happened before and people in our own nation...of an older generation lived through it...

It sounds far fetched but people need to become more self sufficient. You may be one of those who has their act together and if so I tip my hat to you this isn't directed at you; but even with this horrid leadership and top heavy government people here could still be worse off and maybe when they realize that they will find ways to manage and this sinking ship won't sink anymore.

**Opunaya** · 10-06-2008, 10:52 AM

Yup, and my company loves to screw us over. They cut our benefits while raising health care...and they delay our paychecks a week now.

**SARS-expl0ted** · 10-06-2008, 11:58 AM

Quote:

Originally Posted by Walker

I hear ya but this isn't the first time this has happened.

The cost of living is rising and basic things like groceries and services are increasing without any compensation, but once again this isn't new it's happened before and people in our own nation...of an older generation lived through it...

It sounds far fetched but people need to become more self sufficient. You may be one of those who has their act together and if so I tip my hat to you this isn't directed at you; but even with this horrid leadership and top heavy government people here could still be worse off and maybe when they realize that they will find ways to manage and this sinking ship won't sink anymore.

I understand what you are saying and I am not one of those people. I am set in life and I will be doing better in a few months but I also cannot stand those who do nothing but complain and do not do anything about it.
I understand now that you're talking about the people who bitch instead of act upon and not that people should save their money and stop being stupid because it is hard to save money now thanks to everything our government has gotten us into but it is also our faults as well. We spoil ourselves with things that we do not need when we could have put that money aside but sometimes you need simple (yet expensive) pleasures to keep you in the house and occupied instead of running around wasting more gas and money then we need to.

I cannot believe I just said that because I hate people who stay in their houses all of the time and do not do anything but we are at such a low right now that I hope those people who do not contribute to the economy stay in and save the people like me [the hard workers] gas and what not.

**Opunaya** · 10-06-2008, 12:30 PM

I'm going to be even more poor in a few months.

**Brother of Yeshua** · 10-06-2008, 12:59 PM

I'd love to save, but everything I want to do to get to a point where I can save and buy the things I want involves spending more money.

My wife and I make about 28K a year after taxes. Most of that money is going towards paying necessities, and I'd say about 10% of our net earnings go towards frivolity (video games, going to the movies, out to eat, on small trips, stuff that's not necessity but helps us have fun and keep our sanity with the rest of the stress in our lives. That would be the only money I could save and it would equal out to about 3K a year. Frankly, I'm not willing to give up my happiness When I use so little of my money for that as it is.

So I need more income in order to take advantage of a slumping market. What do I need to do? Go to school to get a master's degree, which will cost about 30K in 2 years that I'll have to pay back. Now I'm being a little smart about that at least and taking out a bit extra in loans and consolidating by using that money to pay off some other bills I have, but it's still putting me in the same failing system of debt to get more money to go into more debt in order to simply be able to invest in the general "marketplace" of assets.

On the other hand of all this, I'm at a point where I want to put as little back into the system as possible in hopes of not allowing it to continue. At this point, school was a necessity in my mind not just from a financial stability end sort of things, but also from a personal happiness sort of thing. In order to do what I want to do and what I'm good at, I need to get another goddamn piece of paper from someone that says I can do what I want to do. Ok so I play the game. Then I finish the game and get a job where I can make 40-50K a year. Then what? Buy a house and accrue more debt? Enhance my lifestyle so I have more overall expenses in my life? Save so when the market crashes it's all meaningless anyway? The dollar has depreciated about 95% in just shy of 100 years. Unless the financial system changes, nothing will change. I've been saying the Federal Reserve system is the biggest problem in this country for at least 2 years now.

Not only that, but ok so I am able to save, invest, buy, and sell now that I have this great job that pays me more than double what I make now. Now what? So i buy out other people who are suffering under the same system I am? Because I'm more savvy about how to play the system, that somehow makes it ethically ok that I'm basically taking advantage of other people's misfortune? A lot of people, yeah it's their own damn fault. But for a lot of other people, they're victims of a system that only cares about a bottom line profit, not the people who are affected by this profit increase.

I'm not trying to imply you're a bad person for what you're doing, but I can't look at this without the implied moral and ethical implications it has for me.

Walker · 10-06-2008, 03:56 PM

Sometimes its kill or be killed...

I don't take that for granted and I don't abuse it. I always keep it in mind when it comes to the safety and happiness of those I love and I expect others feel and do the same towards those they love as well.

**Brother of Yeshua** · 10-06-2008, 09:46 PM

See I don't buy it has to be that way. It only has to be that way because of the system we're given.

Change the system, and all the rules change too.

Walker · 10-07-2008, 12:12 PM

I grew up thinking of things that way. Then I learned that people will be people just as animals will be animals. I hold no grudges and I believe diplomacy as a superb negotiating method over fighting any day, my family will always obey that one rule while they live under my roof, but I always...always leave the fighting option as a last -- absolute last -- resort because you have to.

When it comes to the system, believe me I'm right there with you. They are some of the sorriest people out there and my time in the military helped me come to that conclusion. I never felt while I was serving that I was even serving because of the fact that most of what we did was business and not a matter of national defense. The military should always remain as a defense component and nothing more.

Back to what I'd said though, kill or be killed isn't the system, but the human way.

The people who didn't follow that were eventually wiped out in an unfair and totally unjust manner, but I have no desire to suffer that fate knowing that I have a chance as long as I love my friends and family and do what I need to do to protect them when necessary. It's a world full of hate, danger, beauty and passion...nobody is always right or wrong but the ones who learn usually last. My favorite saying, "Speak softly and carry a big stick..." I love that line by TR and mainly because that's how it should be, you don't have to tie your hands behind your back to be fair, let your actions speak for themselves; just because one might own firearms and have money gives them no right to use those to exploit things out of others.