(Why use “us” or “we”?)
First of all, there’s no “we” in the question.
Secondly “we” are all a collection of “individuals”.
As “individuals”, we hear things and see things differently from other “individuals”!
There is no “speaking in general”… only “at” other individuals”.
As “individuals”, we come from different environments. We are educated in different ways.
Therefore, “as individuals” we must realize the difference between to talk "at" an individual” and to talk to a group (as a “we”, the group!)
“At” is a way to learn from others….. to hear and see from someone else’s point of view!
“We” is a way to take someone else’s ideas feeling as our own.
For instance….take a T.V. program, where an author states what he, himself, thinks. Do I take this as an “At” or a “We”….. Do I accept his most recent interpretation as a thought that I intend to have or do I accept this as a thought I might consider in the future.
To often, we repeat what is said rather than explore the ideas for future reference.
Can all words mean the same? Is rhetoric the final answer?
To many, it seems, that the words have a final meaning and we act on these words, rather than “consider” these words before we take an action.
Does this mean that you go through life without a positive thought?..... NO! But, by the same token, do you go through life without changing your mind? .
Example: My granddaddy, his father before him and I are Democratic. I would never vote for a Republican!
This also goes through a Liberal’s thought …..
(Whatever a Liberal means to you as an “individual”? etc.,etc.)
How do you make your own opinion about anything?
“CONSIDER, Rationalize, listen to other points of view……..!”
Don’t get stuck for life in any thought. There may be a better one just around the corner. Make up your mind when you have too, with the best help around…but always leave a little room for a new thought to appear!
There is an evil around. …..Being too sure! …… Being too positive!
Tuesday, December 30, 2008
Wednesday, December 10, 2008
Personal - #29 - #501 - #83 - Has “CREDIT” become a nasty word?
When you use something without fully paying for it beforehand, you need “credit”.
Whether it’s a house or a T.V. or an auto, you often need “credit”.
Any keen entrepreneur knows that a national need can make someone a lot of money.
So-o-o, the entrepreneurs got into the “Credit” business. They already were in the lending of money (the Credit business) in many ways… mortgages, payrolls, and money for future needs such as inventory, Christmas gifts, etc.. except that Government was encouraging the new “ Credit business” with such things as guarantees, loan amounts, etc.
So-o-o, more people entered the “credit business”. Some were in it already but some entrepreneurs saw a grand new future in the new government’s position …. There people invented new instruments for Credit called bundling, credit swaps, etc. and a new business was formed! It was seemingly unregulated or partially unregulated, with a credit rating bureau that was funded by the same people that made money from the ratings, with lots of legal and illegal points of view, a “NO Docs” policy, etc.: The new Credit people became immoral, unregulated, and obscene in the making of money from this new “Credit Business”.
Now we find ourselves in a mess. Do we penalize the people who did the right thing in order to give the entrepreneurs a chance to succeed or what?
Do we spend the general taxpayer’s money so that the economy in general will thrive…or what?
We already paid the construction stiffs their wages in the present prices of the mortgages. So if we reward the builders by paying down the prices or the mortgages on this “overhang” what do the people who used judgment and played by the “former” rules get or are entitled to?
We allowed the mortgage market to zoom up….what now?
We allowed the new markets to form with their “no docs, and their “bundling” ….What now?
There is nothing strictly illegal, but we are all suffering!
And what do we do with the car companies? The Companies were blackmailed by sriking the companies into accepting trade rules and salaries that made them now uncompetitive. Whose fault is that?...management, the Government, the unions? Nothing illegal…just irrational!
Now we’re told, “My Team” will form the right policies. Without a guiding “philosophy”, all we’re going to hear is more political jabbering.
Have we made an intelligent choice?
Whether it’s a house or a T.V. or an auto, you often need “credit”.
Any keen entrepreneur knows that a national need can make someone a lot of money.
So-o-o, the entrepreneurs got into the “Credit” business. They already were in the lending of money (the Credit business) in many ways… mortgages, payrolls, and money for future needs such as inventory, Christmas gifts, etc.. except that Government was encouraging the new “ Credit business” with such things as guarantees, loan amounts, etc.
So-o-o, more people entered the “credit business”. Some were in it already but some entrepreneurs saw a grand new future in the new government’s position …. There people invented new instruments for Credit called bundling, credit swaps, etc. and a new business was formed! It was seemingly unregulated or partially unregulated, with a credit rating bureau that was funded by the same people that made money from the ratings, with lots of legal and illegal points of view, a “NO Docs” policy, etc.: The new Credit people became immoral, unregulated, and obscene in the making of money from this new “Credit Business”.
Now we find ourselves in a mess. Do we penalize the people who did the right thing in order to give the entrepreneurs a chance to succeed or what?
Do we spend the general taxpayer’s money so that the economy in general will thrive…or what?
We already paid the construction stiffs their wages in the present prices of the mortgages. So if we reward the builders by paying down the prices or the mortgages on this “overhang” what do the people who used judgment and played by the “former” rules get or are entitled to?
We allowed the mortgage market to zoom up….what now?
We allowed the new markets to form with their “no docs, and their “bundling” ….What now?
There is nothing strictly illegal, but we are all suffering!
And what do we do with the car companies? The Companies were blackmailed by sriking the companies into accepting trade rules and salaries that made them now uncompetitive. Whose fault is that?...management, the Government, the unions? Nothing illegal…just irrational!
Now we’re told, “My Team” will form the right policies. Without a guiding “philosophy”, all we’re going to hear is more political jabbering.
Have we made an intelligent choice?
Personal #28 - #501 - #82 - Is a man with a law degree, common sense and a good “gift for gab” make a good LEADER?
Is a man a “Good Leader” unless he posses a rare gift of a philosophy of sorts?
If he believes everyone in the world should have the same opportunities, the same standards of living that every one else has, shouldn’t you know? Suppose there are differences? Wouldn’t it be wise to find those differences out before he was elected “Leader”?
Who were his friends? Where did he get his philosophy? What does he truly believe?
Were you overcome by his “gift of gab”?
Do you now believe any president or his administration would make any National policy without many meetings and points of view?
Is an indictment of the “Administration” any different than “My Team” will create a 200 million man employment scheme?... or an end to the present financial demise? (etc.,etc.)
Have we elected a man who is changing his mind; and for once, gaining a philosophy?
Do we have the time now to wait?
Is a man’s common sense enough?
Is a man’s “gift of gab” enough?
Without a philosophy that we understand, have we elected someone to “Lead”?
What have we done?
If he believes everyone in the world should have the same opportunities, the same standards of living that every one else has, shouldn’t you know? Suppose there are differences? Wouldn’t it be wise to find those differences out before he was elected “Leader”?
Who were his friends? Where did he get his philosophy? What does he truly believe?
Were you overcome by his “gift of gab”?
Do you now believe any president or his administration would make any National policy without many meetings and points of view?
Is an indictment of the “Administration” any different than “My Team” will create a 200 million man employment scheme?... or an end to the present financial demise? (etc.,etc.)
Have we elected a man who is changing his mind; and for once, gaining a philosophy?
Do we have the time now to wait?
Is a man’s common sense enough?
Is a man’s “gift of gab” enough?
Without a philosophy that we understand, have we elected someone to “Lead”?
What have we done?
Tuesday, November 11, 2008
Personal - #501 - #81 - A true “Bailout” will require the government to print more “money”.…
(Which leads to inflation for everybody!)…
(Will Wall Street win out or Main street?)
Recently, I just learned that the U.S. is NOT printing money. (which is inflationary) It is printing I.O.U.’s (bonds) that the government is selling to foreign nations and on which the U.S will have to pay the interest. (Indirectly, this does add to the National Debt”. This way the U.S. presses can run forever! There is no inflation or crash anticipated by the U.S. government as long as foreigners are willing to buy the U.S. paper. The only thing that stops the presses is when the foreign nations do not think the U.S. economy is strong enough to make the interest payments or the collateral value of the whole of the U.S. is insufficient. (How much is a ten year old, concrete, four lane highway worth? …etc. The whole idea of the value of U.S. collateral defies logic!)
(By the way; now the foreign nations are in more serious trouble than the U.S.!
By the bye, where has the money gone?
It has gone to save the financial institutions. They were unwilling to extend this loan as part of a package to lend to the consumers. They shored up their existing financial statements with the supposed “bailout” money. Does “mainstream” America gain? Do the homeowners benefit?
All we’ll get is more congressional hearings, more rhetoric, more and more talk!
But that’s what the majority voted for! So what if the policies change? Could the rhetoric give a clue to a change in policy? Do the former associations give a clue as to what was really on “his” mind? Not to a non-thinking majority! All this is now in the past. Will we have the wherewithal to survive?
So now, all you’re gonna’ get is “talk, discourse and rhetoric”!
The government doesn’t know what to do!…. Despite the committee hearings and their unique “special panel”
(Will Wall Street win out or Main street?)
Recently, I just learned that the U.S. is NOT printing money. (which is inflationary) It is printing I.O.U.’s (bonds) that the government is selling to foreign nations and on which the U.S will have to pay the interest. (Indirectly, this does add to the National Debt”. This way the U.S. presses can run forever! There is no inflation or crash anticipated by the U.S. government as long as foreigners are willing to buy the U.S. paper. The only thing that stops the presses is when the foreign nations do not think the U.S. economy is strong enough to make the interest payments or the collateral value of the whole of the U.S. is insufficient. (How much is a ten year old, concrete, four lane highway worth? …etc. The whole idea of the value of U.S. collateral defies logic!)
(By the way; now the foreign nations are in more serious trouble than the U.S.!
By the bye, where has the money gone?
It has gone to save the financial institutions. They were unwilling to extend this loan as part of a package to lend to the consumers. They shored up their existing financial statements with the supposed “bailout” money. Does “mainstream” America gain? Do the homeowners benefit?
All we’ll get is more congressional hearings, more rhetoric, more and more talk!
But that’s what the majority voted for! So what if the policies change? Could the rhetoric give a clue to a change in policy? Do the former associations give a clue as to what was really on “his” mind? Not to a non-thinking majority! All this is now in the past. Will we have the wherewithal to survive?
So now, all you’re gonna’ get is “talk, discourse and rhetoric”!
The government doesn’t know what to do!…. Despite the committee hearings and their unique “special panel”
Monday, November 10, 2008
Personal - #501 - #80 - How to avoid economic recession - At SCHOOL
How to avoid an economic recession – at SCHOOL……Reasonable question?
“Go to school now, pay for it now!”..... or get a loan at an interest that you can afford now and later when things are not so rosy. Get terms that you like and can understand. You’re the one that’s going to pay!
You must understand the written contract before you sign it!
A “Student Loan Document” is a written document You and your collateral (i.e. your future income) is bound by the terms of this contract.
“Now and Later” are not idle terms. They mean in times of depression, recession, divorce, death, and all the negative things you can think about! “Get a loan with terms you can cope” in good times and bad times. The paper you signed, the Student Loan, will be all controlling! You will not be able to change it unless there is a separate clause in it which shall also “control” your actions. Understand, understand!!!!
“Go to school now…pay later!” We have been hoodwinked into a belief system. It’s a system which is unsustainable. It is a system that no one else in the world uses. It is a system that is both dangerous and unfair. How can you use something that isn’t yours?
It is time the word “CREDIT” is introduced. “Credit” is what someone with money gives someone without money to “USE something NOW!” (that you do not now own). In order to profit from this transaction, the party “with the money” charges interest and demands a collateral for the money to be leant. The terms and conditions are in writing. Remember “In good times and bad”! You have signed a Contract. This Contract will control your behavior. The collateral (i.e. your future income) may be disposed of if you do not act according to the terms of the Contract you just signed. (In which, by the way, you have also promised to abide by its terms and conditions.) This is the meaning of a signed CONRACT.
If, in the meantime, you haven’t the ability to “pay as you go”, so you use “credit” so you can “go to school” even though you can’t quite “pay for it now”. Someone, with money, will offer you “credit”. Be aware that this party offering “credit’ does so he can make a profit and be sure he has title to the asset (collateral) offered at a price he is willing to take. In any case the price will be established in the “Contract”. Understand, understand the terms!
“Go To School NOW and PAY LATER”.is what we have become accustomed too. The use of “credit cards”, “Mortgages’ and “CREDIT” of all kinds is the system we have become used to!
“BEWARE!!!”
“Go to school now, pay for it now!”..... or get a loan at an interest that you can afford now and later when things are not so rosy. Get terms that you like and can understand. You’re the one that’s going to pay!
You must understand the written contract before you sign it!
A “Student Loan Document” is a written document You and your collateral (i.e. your future income) is bound by the terms of this contract.
“Now and Later” are not idle terms. They mean in times of depression, recession, divorce, death, and all the negative things you can think about! “Get a loan with terms you can cope” in good times and bad times. The paper you signed, the Student Loan, will be all controlling! You will not be able to change it unless there is a separate clause in it which shall also “control” your actions. Understand, understand!!!!
“Go to school now…pay later!” We have been hoodwinked into a belief system. It’s a system which is unsustainable. It is a system that no one else in the world uses. It is a system that is both dangerous and unfair. How can you use something that isn’t yours?
It is time the word “CREDIT” is introduced. “Credit” is what someone with money gives someone without money to “USE something NOW!” (that you do not now own). In order to profit from this transaction, the party “with the money” charges interest and demands a collateral for the money to be leant. The terms and conditions are in writing. Remember “In good times and bad”! You have signed a Contract. This Contract will control your behavior. The collateral (i.e. your future income) may be disposed of if you do not act according to the terms of the Contract you just signed. (In which, by the way, you have also promised to abide by its terms and conditions.) This is the meaning of a signed CONRACT.
If, in the meantime, you haven’t the ability to “pay as you go”, so you use “credit” so you can “go to school” even though you can’t quite “pay for it now”. Someone, with money, will offer you “credit”. Be aware that this party offering “credit’ does so he can make a profit and be sure he has title to the asset (collateral) offered at a price he is willing to take. In any case the price will be established in the “Contract”. Understand, understand the terms!
“Go To School NOW and PAY LATER”.is what we have become accustomed too. The use of “credit cards”, “Mortgages’ and “CREDIT” of all kinds is the system we have become used to!
“BEWARE!!!”
Sunday, November 9, 2008
Personal - #501 - #79 - How to avoid economic recession – At HOME!
How to avoid economic recession – At HOME!...... Reasonable question?
“Use it now, pay for it now!”..... or get a loan at an interest that you can afford now and later when things are not so rosy. Get terms that you like and can understand. You’re the one that’s going to pay!
You must understand the written contract before you sign it!
A “Home Mortgage” is a written contract. You and your collateral (i.e. your home) is bound by the terms of this contract.
“Now and Later” are not idle terms. They mean in times of depression, recession, divorce, death, and all the negative things you can think about! “Get a loan with terms you can cope” in good times and bad times. The paper you signed, the Home Mortgage, will be all controlling! You will not be able to change it unless there is a separate clause in it which shall also “control” your actions. Understand, understand!!!!
“Use it now…pay later!” We have been hoodwinked into a belief system. It’s a system which is unsustainable. It is a system that no one else in the world uses. It is a system that is both dangerous and unfair. How can you use something that isn’t yours?
It is time the word “CREDIT” is introduced. “Credit” is what someone with money gives someone without money to “USE something NOW!” (that you do not now own). In order to profit from this transaction, the party “with the money” charges interest and demands a collateral for the money to be leant. The terms and conditions are in writing. Remember “In good times and bad”! You have signed a Contract. This Contract will control your behavior. The collateral (i.e. your home) may be disposed of if you do not act according to the terms of the Contract you just signed. (In which, by the way, you have also promised to abide by its terms and conditions.) This is the meaning of a signed CONRACT.
If, in the meantime, you haven’t the ability to “pay as you go”, you use “credit” so you can “use now” what you can’t quite “pay for now”. Someone, with money, will offer you “credit”. Be aware that this party offering “credit’ does so he can make a profit and be sure he has title to the asset (collateral) offered at a price he is willing to take. Note that the price he is willing to take is not what you offered! If he expects the collateral to go up in price he will offer more. If he expects the price to go down he will need a “cushion” for his investment. In any case the price will be established in the “Contract”.... Understand, understand the terms!
“USE IT NOW and PAY LATER”.is what we have become accustomed too. The use of “credit cards”, “Mortgages’ and “CREDIT” of all kinds is the system we have become used to!
“BEWARE!!!”
“Use it now, pay for it now!”..... or get a loan at an interest that you can afford now and later when things are not so rosy. Get terms that you like and can understand. You’re the one that’s going to pay!
You must understand the written contract before you sign it!
A “Home Mortgage” is a written contract. You and your collateral (i.e. your home) is bound by the terms of this contract.
“Now and Later” are not idle terms. They mean in times of depression, recession, divorce, death, and all the negative things you can think about! “Get a loan with terms you can cope” in good times and bad times. The paper you signed, the Home Mortgage, will be all controlling! You will not be able to change it unless there is a separate clause in it which shall also “control” your actions. Understand, understand!!!!
“Use it now…pay later!” We have been hoodwinked into a belief system. It’s a system which is unsustainable. It is a system that no one else in the world uses. It is a system that is both dangerous and unfair. How can you use something that isn’t yours?
It is time the word “CREDIT” is introduced. “Credit” is what someone with money gives someone without money to “USE something NOW!” (that you do not now own). In order to profit from this transaction, the party “with the money” charges interest and demands a collateral for the money to be leant. The terms and conditions are in writing. Remember “In good times and bad”! You have signed a Contract. This Contract will control your behavior. The collateral (i.e. your home) may be disposed of if you do not act according to the terms of the Contract you just signed. (In which, by the way, you have also promised to abide by its terms and conditions.) This is the meaning of a signed CONRACT.
If, in the meantime, you haven’t the ability to “pay as you go”, you use “credit” so you can “use now” what you can’t quite “pay for now”. Someone, with money, will offer you “credit”. Be aware that this party offering “credit’ does so he can make a profit and be sure he has title to the asset (collateral) offered at a price he is willing to take. Note that the price he is willing to take is not what you offered! If he expects the collateral to go up in price he will offer more. If he expects the price to go down he will need a “cushion” for his investment. In any case the price will be established in the “Contract”.... Understand, understand the terms!
“USE IT NOW and PAY LATER”.is what we have become accustomed too. The use of “credit cards”, “Mortgages’ and “CREDIT” of all kinds is the system we have become used to!
“BEWARE!!!”
Monday, October 13, 2008
Personal - #501 - #78- Credit Generation vs. Pay as you go……
Where does this “bailout” start?
It's NOT Freddie Mac or Fanny Mae....
It’s the use of anything “now” but “pay later!
It’s the use of the “payment plan”!
Buy and use it now; but pay later!
A clever group of entrepreneurs began to see the use of “interest rates”. Then came the “credit card” bunch. Then a group created various ways to start a business of selling these items in “bunches” and calling them such names as “Mortgage Securities”, “Credit Rate Swaps”, “Interest only”, and “no docs”, etc.
If you had a debt which cost you $2 and you agreed to pay the basic item at 5% and someone agreed to this arrangement and along came a guy who was willing to pay you 3 years of interest rate at 5% and a special bonus payment of ,say, $4.00. Then he collected 10 of these arrangements and went to someone else with the proposition of selling 10 of these packages for a sum equal to 3 years of 5% interest rates plus $4.00 for a new total of $5.00 and he would throw in a kind of judgment from a “reliable” rating agency who said the loans were reliable and beside the collateral would go up in the next few years to the point where the increase in the collateral would be equal to the original interest cost of the 3 years. And the buyer of this new arrangement relied on the agency’s judgments. A sale was made. Bear in mind that the original makers of these arrangements had the collateral in their hands, but now the collateral was no longer in their hands and the new buyer felt that 5x the yearly interest was good enough as collateral for the 10 loans.
And this arrangement was made over and over again. Each new buyer held a decreasing amount as collateral for these loans. But the real estate market collapsed and the collateral for these loans no longer covered the cost of the then held “collateral”. The new owner was “over leveraged”! That is…. he did not have enough collateral!
This is where we are now!
Do we give the institutions enough money so they have enough collateral?
The banks don’t trust each other to know precisely how much they owe already. They don’t know what is “enough”!
Do we renogiate the piece of paper behind the loans even if we could locate the original which has been turned to “saleable pieces of paper” called everything from “negotiable instruments” to “Secondary loans”, “Credit swaps”, etc. This could mean that there was no instrument in writing that could not be “renogtiated”…..impossible!
Do we give enough credit money so the banks begin to trust each other? How much will that be?
Pay now, use later vs. Pay later, use now!
It all became US!
It's NOT Freddie Mac or Fanny Mae....
It’s the use of anything “now” but “pay later!
It’s the use of the “payment plan”!
Buy and use it now; but pay later!
A clever group of entrepreneurs began to see the use of “interest rates”. Then came the “credit card” bunch. Then a group created various ways to start a business of selling these items in “bunches” and calling them such names as “Mortgage Securities”, “Credit Rate Swaps”, “Interest only”, and “no docs”, etc.
If you had a debt which cost you $2 and you agreed to pay the basic item at 5% and someone agreed to this arrangement and along came a guy who was willing to pay you 3 years of interest rate at 5% and a special bonus payment of ,say, $4.00. Then he collected 10 of these arrangements and went to someone else with the proposition of selling 10 of these packages for a sum equal to 3 years of 5% interest rates plus $4.00 for a new total of $5.00 and he would throw in a kind of judgment from a “reliable” rating agency who said the loans were reliable and beside the collateral would go up in the next few years to the point where the increase in the collateral would be equal to the original interest cost of the 3 years. And the buyer of this new arrangement relied on the agency’s judgments. A sale was made. Bear in mind that the original makers of these arrangements had the collateral in their hands, but now the collateral was no longer in their hands and the new buyer felt that 5x the yearly interest was good enough as collateral for the 10 loans.
And this arrangement was made over and over again. Each new buyer held a decreasing amount as collateral for these loans. But the real estate market collapsed and the collateral for these loans no longer covered the cost of the then held “collateral”. The new owner was “over leveraged”! That is…. he did not have enough collateral!
This is where we are now!
Do we give the institutions enough money so they have enough collateral?
The banks don’t trust each other to know precisely how much they owe already. They don’t know what is “enough”!
Do we renogiate the piece of paper behind the loans even if we could locate the original which has been turned to “saleable pieces of paper” called everything from “negotiable instruments” to “Secondary loans”, “Credit swaps”, etc. This could mean that there was no instrument in writing that could not be “renogtiated”…..impossible!
Do we give enough credit money so the banks begin to trust each other? How much will that be?
Pay now, use later vs. Pay later, use now!
It all became US!
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