1. WanderingTraveler's Avatar
    Speaking of finances....I don't own a home currently so this might not be such a big deal to some but after moving countries four times and a whole bunch of other expenses, today is my first day being 100% debt free in some time. It felt rather anticlimactic I have do admit.
    Don't worry, just think that you no longer owe anything to your future self.Just remember to borrow once interest rates for you drop to subzero levels.
    MSFTisMIA likes this.
    02-05-2015 05:44 AM
  2. N_LaRUE's Avatar
    Don't worry, just think that you no longer owe anything to your future self.Just remember to borrow once interest rates for you drop to subzero levels.
    Any future borrowing will be for a home and being honest if I could avoid that I would. I'm thinking next year to possibly the next for a home.

    Banks will never have sub zero interest. You'll always be paying on top of that for their 'services'.
    Ed Boland likes this.
    02-05-2015 05:48 AM
  3. N_LaRUE's Avatar
    I find the former situation very worrying, I find this situation hilarious,It's different.
    Same mentality however. Consumer driven mentality is what we've been brainwashed with. Younger people (yourself being slightly different) are even worse. It's all about 'stuff'.
    02-05-2015 05:49 AM
  4. WanderingTraveler's Avatar
    Any future borrowing will be for a home and being honest if I could avoid that I would. I'm thinking next year to possibly the next for a home.Banks will never have sub zero interest. You'll always be paying on top of that for their 'services'.
    Oh, really? link
    NIRP and NDRP. The "new normal."
    Last edited by WanderingTraveler; 02-05-2015 at 06:00 AM. Reason: editor failed me ;-;
    02-05-2015 05:53 AM
  5. WanderingTraveler's Avatar
    Same mentality however. Consumer driven mentality is what we've been brainwashed with. Younger people (yourself being slightly different) are even worse. It's all about 'stuff'.
    How else can Apple garner an US$18 billion profit in a quarter?

    Also, Keynesian economists would somehow think that this consumerism is a good thing. Keynesian multiplier effect.
    Ed Boland and MSFTisMIA like this.
    02-05-2015 06:02 AM
  6. N_LaRUE's Avatar
    How else can Apple garner an US$18 billion profit in a quarter?

    Also, Keynesian economists would somehow think that this consumerism is a good thing. Keynesian multiplier effect.
    Yes very true. It's always up and more up. Did you know that most financial markets do nothing but trade debt? That's what makes rich people richer.. by making poorer people acquire debt.
    azcruz, MSFTisMIA and Ed Boland like this.
    02-05-2015 06:09 AM
  7. N_LaRUE's Avatar
    02-05-2015 06:09 AM
  8. WanderingTraveler's Avatar
    Yes very true. It's always up and more up. Did you know that most financial markets do nothing but trade debt? That's what makes rich people richer.. by making poorer people acquire debt.
    There is always more debt - or credit - in the system than there is to repay it.That's why inflation, or the controlled devaluation of a currency, is a thing.
    Ed Boland likes this.
    02-05-2015 06:13 AM
  9. WanderingTraveler's Avatar
    I'll pass for now from this video. Austrian - rebranded classical - economics and Zero Hedge also tells me so.
    02-05-2015 06:14 AM
  10. azcruz's Avatar
    I'm dying for the preview...


    .. not.
    02-05-2015 06:16 AM
  11. azcruz's Avatar
    I'm dying for the preview...


    .. not.
    02-05-2015 06:17 AM
  12. N_LaRUE's Avatar
    There is always more debt - or credit - in the system than there is to repay it.That's why inflation, or the controlled devaluation of a currency, is a thing.
    There's nothing wrong with debt but to imply in anyway that people need to have debt just to survive and this happens is a bit OTT. The reality is the system has been completely buggered by the super rich just so that you and I struggle so they get more.
    02-05-2015 06:19 AM
  13. N_LaRUE's Avatar
    I'll pass for now from this video. Austrian - rebranded classical - economics and Zero Hedge also tells me so.
    It's an interesting video. I also don't believe in obtaining information from one source.

    Also that negative mortgage thing isn't going to happen - Nordea says will not issue mortgage bonds with negative rates | Reuters
    02-05-2015 06:20 AM
  14. WanderingTraveler's Avatar
    I'm dying for the preview..... not.
    I blame the "leaked" backgrounds for this. I liked my old tile backgrounds fine, but thank you Microsoft.
    02-05-2015 06:22 AM
  15. WanderingTraveler's Avatar
    It's an interesting video. I also don't believe in obtaining information from one source.Also that negative mortgage thing isn't going to happen - Nordea says will not issue mortgage bonds with negative rates | Reuters
    Too bad for the Danes, then.It would've been nice to see regular people getting paid to take on debt, for once. Just like the super-rich.
    02-05-2015 06:27 AM
  16. N_LaRUE's Avatar
    Too bad for the Danes, then.It would've been nice to see regular people getting paid to take on debt, for once. Just like the super-rich.
    Out of all the societies I would want to live in, the Danish would probably close to the one I would choose. It's a very well looked after populace.
    WanderingTraveler likes this.
    02-05-2015 06:39 AM
  17. MSFTisMIA's Avatar
    Not really. They were talking about US passports which implies US citizenship. Something I would never want but understand why they would.
    It is useful to have in terms of some of things I want to do...work with the government, etc. Otherwise, it is...meh.

    Penned on a Xperia Z3
    02-05-2015 06:50 AM
  18. MSFTisMIA's Avatar
    Would be nice to see snow fall :) .... I have seen snow but not when its falling
    We don't have snow yet, but I can send you some bone chilling whipping winds to whet your whistle.

    Penned on a Xperia Z3
    N_LaRUE and Ed Boland like this.
    02-05-2015 06:51 AM
  19. MSFTisMIA's Avatar
    Speaking of finances....

    I don't own a home currently so this might not be such a big deal to some but after moving countries four times and a whole bunch of other expenses, today is my first day being 100% debt free in some time. It felt rather anticlimactic I have do admit.
    I'd buy you a beer to celebrate, my current debts prohibits such lavish expenses...lol...

    Penned on a Xperia Z3
    02-05-2015 06:53 AM
  20. MSFTisMIA's Avatar
    Morning folks. I'd tell you how tired I am in Japanese, but it is more hassling to change the keyboard on Android than WP to do it, so you'll have to settle for the English.

    Penned on a Xperia Z3
    N_LaRUE and Ed Boland like this.
    02-05-2015 06:55 AM
  21. MSFTisMIA's Avatar
    I need a vacation from this giant shredder that is my current schedule.

    Penned on a Xperia Z3
    N_LaRUE and Ed Boland like this.
    02-05-2015 06:57 AM
  22. N_LaRUE's Avatar
    I'd buy you a beer to celebrate, my current debts prohibits such lavish expenses...lol...

    Penned on a Xperia Z3
    Thanks, I appreciate the sentiment. :)

    You forgot to consider the costs of shipping said beer to me and the fact I can't really drink beer so I'd have to give it to someone else.
    02-05-2015 06:58 AM
  23. N_LaRUE's Avatar
    I need a vacation from this giant shredder that is my current schedule.

    Penned on a Xperia Z3
    I honestly don't know how you do it.
    Ed Boland likes this.
    02-05-2015 06:59 AM
  24. N_LaRUE's Avatar
    It is useful to have in terms of some of things I want to do...work with the government, etc. Otherwise, it is...meh.

    Penned on a Xperia Z3
    I have friend who lives in LA and he's originally Canadian. He refuses to get his US citizenship because he doesn't want to lose his other passports. That and he thinks the idea of voting in the US is a joke... well it is everywhere....
    02-05-2015 07:00 AM
  25. MSFTisMIA's Avatar
    The only thing I'll add it to the debt argument is modern capitalism is really about consolidation of wealth into the hands of a minute few...done in the ruse of achieving profits.

    A great example of this is drug dealing in the hood. The dealer isn't getting rich...he is really just consolidating much of the community's resources into his hands. The sad irony is that in doing so, he cannot legitimately enjoy it and has to spend it on things like guns, cars, women, clothes...most of those expenses lead to his "wealth" going into the hands of the rich based on those items he consumes. So he still is losing at the end of the day.

    Penned on a Xperia Z3
    N_LaRUE and sahib lopez like this.
    02-05-2015 07:02 AM
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