There are actually two things happening here, both of which are contributing to a financial crisis;
1. The meltdown of Wall Street - caused by deregulation during the Clinton Administration, and these massive trillions of dollars in derivatives. Wall Street got greedy, started gambling and placing bets with each other with money they didn't have, and they ensnared themselves in their own greedy trap.
2. The meltdown of the American Dollar. The Federal Reserve is responsible for devaluing the dollar, and that's what happens when you create money out of thin air. Historically fiat currencies are doomed to fail and the American dollar will eventually be worthless too.
If you have scrolled this far, you will now be rewarded.
Many people here are close,some closer than others.
Many of your reasons are not the causes they only seem like causes when in fact they are effects.
The root cause? From the very beginning. Read on...
C.R.A
Stands for "Community Reinvestment Act"
Act passed by congress in 1995. Clinton time.
General purpose is to "provide credit to underserved populations"
Trust me...look it up. Wiki or google. They have a much better definition, but the above is the general idea.
Essentially laws were passed REQUIRING banks to lend money to underserved populations. IF not,penalties and charter revocation.
Now why were these people underserved. Because they were not qualified, but no one wants to talk about that.
This 1995 law changes the rules. Forces banks everywhere in the country, every town city, community to lend apercentage of money to "underserved" communities. So,banks have to loosen their standards so these underserved communities qualify for loans. This creates what is commonly known as SUBPRIME. Prior to this, subprime was virtually nonexistent.
Subprime is lending money to people who likely will not pay it back. Guess what happens when you lend money to people who have a history of not paying it back.
So, why would banks do that. It is not because they were stupid or greedy. People running banks knew immediately the likelyhood of not getting paid back was extremely high. Trust me, I used to loan out money under CRA. It was because banks were REQUIRED BY LAW to lend it. So they did. They had no other choice.
Now, most anyone who breathed had some type of financing available, so demand went up.
This financing was incredible. No verification of hardly anything. Assets, income, down payment. Who cares.
Once again ask yourself WHY. What prudent bank would stop caring about underwriting. All of them,because they HAD to. These loose lending standards were the only way many people could qualify for a loan,and they had to be loaned to.
Anyway supply stayed low, so prices went up. Simple economics. Demand continued for years until about 2006 when prices got so high even subprime couldn't help many people. Then it popped and we are here. You know the rest.
The root cause. CRA. The governments belief that everyone deserves a shot at the "American Dream"
if u change the
(netsh interface tcp set global autotuning=restricted) to
(netsh interface tcp set global autotuning=highlyrestricted) the internet moves a little faster then if u just did restricted
In the US at least, there are several laws that will protect you if you download television shows that at some point were broadcast over the air. That leaves out a ton of TV shows that people download, but just a heads up.
Cable wasn't in my budget when I moved out of my parents house. So after 6 months of no cable I didn't even miss it. I would watch the few shows I missed online if my parents hadn't recorded it on their digital recorder for me to watch when I visited them. Just recently I obtained the a digital converter and an antenna. So for the one time cost of about 20 dollars I have 26 different channels forever no new tv necessary! A friend of mine who works for direct tv tried to talk to me into a 200+ channel digital package with a digital recorder for about 30 dollars a month... I told him why would I want to pay for that just to end up watching the few channels I now get for free?
There is no political will to allow housing prices to continue to fall.
No one wants to be the one to tell the California homeowner that their home which sold for $200,000 in 1999, is still only worth that (at best), not the $450,000 they see on zillow.com
The government will do their best to pump as much money as they can into the economy to prevent real estate price deflation.
Since no new taxes are politically possible, well, a trillion dollars worth of monetization will have a significant impact on domestic price levels.
Hmm...I don't think I was pretending to list ALL the ways to save money on work clothes, just some of the ones I've learned that most people don't think about. So, please, shop at thrift stores and focus on accessories. I do. But so many people do those things already. I'm just trying to give people who don't have much experience buying work clothes some behind-the-scenes tips.
And if what I've said here doesn't work for your workplace? By all means, don't do it. Still, they're all tricks that I've done or have seen people do with a lot of success. So, take them or leave them, they're ideas that have worked for people who have to dress professionally (and yes, I do interact with clients).
That said, I really like some of the ideas you guys have come up with here! Signature skirts is awesome, and so is the idea of avoiding the fads. Great thoughts, folks!
Actually I have never paid for cable in my entire life. Even back when I worked and could probably afford it, I felt that, knowing myself, I would want to GET MY MONEY'S WORTH if I had cable. Which would mean sitting in front of it. And why would I want to encourage myself to watch more tv?
Actually I have never paid for cable in my entire life. Even back when I worked and could probably afford it, I felt that, knowing myself, I would want to GET MY MONEY'S WORTH if I had cable. Which would mean sitting in front of it. And why would I want to encourage myself to watch more tv?
I'm till driving a 1988 Chevy Cavalier. 247,000 miles. Original engine. It used to be silver. Now it is "rust." I don't care. I don't have to worry about anything marring the finish and my insurance costs are almost nothing.
You took the words right out of my mouth. We have watched most of our shows online (including the premier of the new Knight Rider before it was even aired on Amazon.com's unbox -- for FREE!) The ONLY thing that keeps me going next door to my mom's house for some cable shows is that our high-speed internet options out here in the rurual areas are so slow. It would take me 5 days to watch one episode of anything on the Sci-fi.com site.
My husband and I got rid of cable two years ago. We tried Netflix, but it doesn't work for Mac... that's the one downside of it. But we do watch Hulu, Network websites, and sometimes get dvds from the library... We haven't missed it one bit. And of course, we don't watch programs that often anymore, so instead of being bored just clicking away trying to find something, we play cards, board games, take walks... Our main reason to do this was financial, but even if I could pay for cable, I know I wouldn't do it.
For those that can't live without cable, I highly suggest, nay demand, that you call your company up and haggle your price down, if you haven't already. We went from paying 120 a month to 96 a month for the same service (tv and internet), PLUS a free HD-DVR, along with HBO which we've always had. That deal's set to expire in a month or two (we've had it for almost a year now), but I'll only seriously consider cutting down if they don't cut us another deal this year.
And for those who don't know how to haggle, just tell them you can't afford cable anymore, and to cancel it in two weeks. If they offer you a better deal right there (which they did for us), then take it if you like it. If they don't, tell them to cut you off in two weeks. Then, a few days later, if you still want your cable, call and say you've changed your mind and to keep your connection going. No harm no foul.
I'd have cut my cable off a few years ago, except that I can't get my local sports teams games live any other way, due to obnoxious "blackout" regulations. It's horrible spending $40/month just to feed that particular addiction.
P.S. The comment posting buttons are blank in my browser (Camino)
I am a firm believer that weight loss is not a competition, there fore I remember hating Biggest Loser. Also just to win the three week office competition starving yourself to lose 10 lbs and putting it right back on as 15lbs does not sound healthy at all, since you know you try to lose weight to be healthy, it sort of conflicts with itself.
I am supportive of setting goals and rewarding yourself. As an individual who has lost 60lbs and kept it off almost three years, I got rewards for my weight loss.
A bubble burst when there aren't any more who can come in at the bottom to prop it up. At one point there was no one willing to pay an exorbitant rate for a tulip in Holland so that bubble burst. "Unaffordable housing" is an oxymoron. If the average family can't afford a house, the price has to drop.
In order to keep the prices artificially high, there was fudging of qualification for mortgage loans, which were sold off as financial instruments. Many were really "junk" since the
only way the buyer could continue payments was if the adjustable rate decreased, the buyer spent over 30% of take-home income on the payment, and the buyer's income increased.
Wages have not increased enough to cover the inflated price of housing. Meanwhile, banks and mortgage brokers, and real estate agents have their taken their profit out of the house.
When the average house is too costly for the average income, something has to burst.
There are actually two things happening here, both of which are contributing to a financial crisis;
1. The meltdown of Wall Street - caused by deregulation during the Clinton Administration, and these massive trillions of dollars in derivatives. Wall Street got greedy, started gambling and placing bets with each other with money they didn't have, and they ensnared themselves in their own greedy trap.
2. The meltdown of the American Dollar. The Federal Reserve is responsible for devaluing the dollar, and that's what happens when you create money out of thin air. Historically fiat currencies are doomed to fail and the American dollar will eventually be worthless too.
If you have scrolled this far, you will now be rewarded.
Many people here are close,some closer than others.
Many of your reasons are not the causes they only seem like causes when in fact they are effects.
The root cause? From the very beginning. Read on...
C.R.A
Stands for "Community Reinvestment Act"
Act passed by congress in 1995. Clinton time.
General purpose is to "provide credit to underserved populations"
Trust me...look it up. Wiki or google. They have a much better definition, but the above is the general idea.
Essentially laws were passed REQUIRING banks to lend money to underserved populations. IF not,penalties and charter revocation.
Now why were these people underserved. Because they were not qualified, but no one wants to talk about that.
This 1995 law changes the rules. Forces banks everywhere in the country, every town city, community to lend apercentage of money to "underserved" communities. So,banks have to loosen their standards so these underserved communities qualify for loans. This creates what is commonly known as SUBPRIME. Prior to this, subprime was virtually nonexistent.
Subprime is lending money to people who likely will not pay it back. Guess what happens when you lend money to people who have a history of not paying it back.
So, why would banks do that. It is not because they were stupid or greedy. People running banks knew immediately the likelyhood of not getting paid back was extremely high. Trust me, I used to loan out money under CRA. It was because banks were REQUIRED BY LAW to lend it. So they did. They had no other choice.
Now, most anyone who breathed had some type of financing available, so demand went up.
This financing was incredible. No verification of hardly anything. Assets, income, down payment. Who cares.
Once again ask yourself WHY. What prudent bank would stop caring about underwriting. All of them,because they HAD to. These loose lending standards were the only way many people could qualify for a loan,and they had to be loaned to.
Anyway supply stayed low, so prices went up. Simple economics. Demand continued for years until about 2006 when prices got so high even subprime couldn't help many people. Then it popped and we are here. You know the rest.
The root cause. CRA. The governments belief that everyone deserves a shot at the "American Dream"
No they don't.
if u change the
(netsh interface tcp set global autotuning=restricted) to
(netsh interface tcp set global autotuning=highlyrestricted) the internet moves a little faster then if u just did restricted
In the US at least, there are several laws that will protect you if you download television shows that at some point were broadcast over the air. That leaves out a ton of TV shows that people download, but just a heads up.
Cable wasn't in my budget when I moved out of my parents house. So after 6 months of no cable I didn't even miss it. I would watch the few shows I missed online if my parents hadn't recorded it on their digital recorder for me to watch when I visited them. Just recently I obtained the a digital converter and an antenna. So for the one time cost of about 20 dollars I have 26 different channels forever no new tv necessary! A friend of mine who works for direct tv tried to talk to me into a 200+ channel digital package with a digital recorder for about 30 dollars a month... I told him why would I want to pay for that just to end up watching the few channels I now get for free?
Looove free online TV! Thanks for the link! For anyone who likes anime or Asian dramas (helpfully subtitled in English), try crunchyroll.com.
We should send a copy to the White House. I don't think they're familiar with such a document....
I think #15 hits it.
There is no political will to allow housing prices to continue to fall.
No one wants to be the one to tell the California homeowner that their home which sold for $200,000 in 1999, is still only worth that (at best), not the $450,000 they see on zillow.com
The government will do their best to pump as much money as they can into the economy to prevent real estate price deflation.
Since no new taxes are politically possible, well, a trillion dollars worth of monetization will have a significant impact on domestic price levels.
You would think they would have caught it! We have to ship out our dry cleaning where I live, so who knows?
Linsey
Hmm...I don't think I was pretending to list ALL the ways to save money on work clothes, just some of the ones I've learned that most people don't think about. So, please, shop at thrift stores and focus on accessories. I do. But so many people do those things already. I'm just trying to give people who don't have much experience buying work clothes some behind-the-scenes tips.
And if what I've said here doesn't work for your workplace? By all means, don't do it. Still, they're all tricks that I've done or have seen people do with a lot of success. So, take them or leave them, they're ideas that have worked for people who have to dress professionally (and yes, I do interact with clients).
That said, I really like some of the ideas you guys have come up with here! Signature skirts is awesome, and so is the idea of avoiding the fads. Great thoughts, folks!
The dry cleaner reply was for Linsey - sorry, I thought it would nest.
You do dry clean everything before you wear it, right? They should catch those things at the dry cleaners.
Actually I have never paid for cable in my entire life. Even back when I worked and could probably afford it, I felt that, knowing myself, I would want to GET MY MONEY'S WORTH if I had cable. Which would mean sitting in front of it. And why would I want to encourage myself to watch more tv?
I blog at www.shopliftingwithpermission.com.
Actually I have never paid for cable in my entire life. Even back when I worked and could probably afford it, I felt that, knowing myself, I would want to GET MY MONEY'S WORTH if I had cable. Which would mean sitting in front of it. And why would I want to encourage myself to watch more tv?
I blog at www.shopliftingwithpermission.com.
I'm till driving a 1988 Chevy Cavalier. 247,000 miles. Original engine. It used to be silver. Now it is "rust." I don't care. I don't have to worry about anything marring the finish and my insurance costs are almost nothing.
I have a great list on my website on how you can improve the safety and speed of your computer, check it out.
Twelve ways to keep your computer running safer and faster
I have a great list on my website on how you can improve the safety and speed of your computer, check it out.
Twelve ways to keep your computer running safer and faster
You took the words right out of my mouth. We have watched most of our shows online (including the premier of the new Knight Rider before it was even aired on Amazon.com's unbox -- for FREE!) The ONLY thing that keeps me going next door to my mom's house for some cable shows is that our high-speed internet options out here in the rurual areas are so slow. It would take me 5 days to watch one episode of anything on the Sci-fi.com site.
Great article, indeed!
Linsey Knerl
My husband and I got rid of cable two years ago. We tried Netflix, but it doesn't work for Mac... that's the one downside of it. But we do watch Hulu, Network websites, and sometimes get dvds from the library... We haven't missed it one bit. And of course, we don't watch programs that often anymore, so instead of being bored just clicking away trying to find something, we play cards, board games, take walks... Our main reason to do this was financial, but even if I could pay for cable, I know I wouldn't do it.
For those that can't live without cable, I highly suggest, nay demand, that you call your company up and haggle your price down, if you haven't already. We went from paying 120 a month to 96 a month for the same service (tv and internet), PLUS a free HD-DVR, along with HBO which we've always had. That deal's set to expire in a month or two (we've had it for almost a year now), but I'll only seriously consider cutting down if they don't cut us another deal this year.
And for those who don't know how to haggle, just tell them you can't afford cable anymore, and to cancel it in two weeks. If they offer you a better deal right there (which they did for us), then take it if you like it. If they don't, tell them to cut you off in two weeks. Then, a few days later, if you still want your cable, call and say you've changed your mind and to keep your connection going. No harm no foul.
I'd have cut my cable off a few years ago, except that I can't get my local sports teams games live any other way, due to obnoxious "blackout" regulations. It's horrible spending $40/month just to feed that particular addiction.
P.S. The comment posting buttons are blank in my browser (Camino)
I am a firm believer that weight loss is not a competition, there fore I remember hating Biggest Loser. Also just to win the three week office competition starving yourself to lose 10 lbs and putting it right back on as 15lbs does not sound healthy at all, since you know you try to lose weight to be healthy, it sort of conflicts with itself.
I am supportive of setting goals and rewarding yourself. As an individual who has lost 60lbs and kept it off almost three years, I got rewards for my weight loss.
A bubble burst when there aren't any more who can come in at the bottom to prop it up. At one point there was no one willing to pay an exorbitant rate for a tulip in Holland so that bubble burst. "Unaffordable housing" is an oxymoron. If the average family can't afford a house, the price has to drop.
In order to keep the prices artificially high, there was fudging of qualification for mortgage loans, which were sold off as financial instruments. Many were really "junk" since the
only way the buyer could continue payments was if the adjustable rate decreased, the buyer spent over 30% of take-home income on the payment, and the buyer's income increased.
Wages have not increased enough to cover the inflated price of housing. Meanwhile, banks and mortgage brokers, and real estate agents have their taken their profit out of the house.
When the average house is too costly for the average income, something has to burst.
Classic styles. When the shirt or pants become worn, they are replaced. I follow no fashion except, Classic Man.
That's my strategy and it works well.