End of the American Dream

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Originally Posted by LDAHL

But take out the greed, competition and unequal outcomes, and it's not capitalism anymore. Why would anyone bother? We'd be reduced (to paraphrase Churchill) from complaining about the unequal sharing of blessings to complaining about the equal sharing of misery. I'll take the occasional obnoxious billionaire (the effrontery of that Singer guy, actually demanding Argentina honor it's bonds!) over the pinched self-righteousness of Elizabeth Warren anytime.

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Originally Posted by LDAHL

But take out the greed, competition and unequal outcomes, and it's not capitalism anymore. Why would anyone bother? We'd be reduced (to paraphrase Churchill) from complaining about the unequal sharing of blessings to complaining about the equal sharing of misery. I'll take the occasional obnoxious billionaire (the effrontery of that Singer guy, actually demanding Argentina honor it's bonds!) over the pinched self-righteousness of Elizabeth Warren anytime.

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I won't protest your apparent abilities to to withstand obnoxious billionaires but have no time for self righteous politicians ( aren't all politicians self righteous)....

but I will ask that you consider the obnoxious billionaire we refer to as Singer as being even a little too obnoxious. So let's say you bought a car for $6300 and you took a loan out. Let's say that loan came due one day and you couldn't pay it. So in good faith, because unlike corporations you as an individual can not declare bankruptcy for this loan, you negotiate.

But you find out Mr. Singer has bought the bad debt off your prior lender. You do not realize he bought it for $480 but he did. Anyway, upon negotiating, you are advised that Mr. Singer now values your debt at $25,000. After all, there is interest that has accrued. You offer to pay Mr. Singer $2000 hoping he will be understanding that here is no way you will ever pay back four times the original value of the loan.

Instead of being understanding, Mr Singer sends representatives to your property and kidnaps your dog. He says he will give it back if you pay. You protest to the local district justice and get the dog back legally. Mr. Singer is not happy. So he sues you for the money you have in a life insurance plan. $1200.

Now, you were willing to pay him four times his investment on your debt but he wasn't satisfied because he is an obnoxious billionaire, and he didn't get to be that rich by being ethical. So after all his pissing around what does he get?

Knight to kings bishop three

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Originally Posted by Williamsmith

I won't protest your apparent abilities to to withstand obnoxious billionaires but have no time for self righteous politicians ( aren't all politicians self righteous)....

but I will ask that you consider the obnoxious billionaire we refer to as Singer as being even a little too obnoxious. So let's say you bought a car for $6300 and you took a loan out. Let's say that loan came due one day and you couldn't pay it. So in good faith, because unlike corporations you as an individual can not declare bankruptcy for this loan, you negotiate.

But you find out Mr. Singer has bought the bad debt off your prior lender. You do not realize he bought it for $480 but he did. Anyway, upon negotiating, you are advised that Mr. Singer now values your debt at $25,000. After all, there is interest that has accrued. You offer to pay Mr. Singer $2000 hoping he will be understanding that here is no way you will ever pay back four times the original value of the loan.

Instead of being understanding, Mr Singer sends representatives to your property and kidnaps your dog. He says he will give it back if you pay. You protest to the local district justice and get the dog back legally. Mr. Singer is not happy. So he sues you for the money you have in a life insurance plan. $1200.

Now, you were willing to pay him four times his investment on your debt but he wasn't satisfied because he is an obnoxious billionaire, and he didn't get to be that rich by being ethical. So after all his pissing around what does he get?

Knight to kings bishop three

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I don't see how refusing to take a massive haircut from the original bond terms demanded by a debtor is the same thing as simply multiplying the value of a loan just because they were purchased on the secondary market. And I have to say I admire the guy's chutzpah in trying to seize an Argentinian warship (which is quite a bit different from kidnapping a puppy).

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Originally Posted by LDAHL

And I have to say I admire the guy's chutzpah in trying to seize an Argentinian warship (which is quite a bit different from kidnapping a puppy).

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Not as different as you might think, according to my friend Anthony who took the ARA Guerrico out of commission with handheld weapons during the initial invasion of South Georgia Island.

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Originally Posted by bae

Not as different as you might think, according to my friend Anthony who took the ARA Guerrico out of commission with handheld weapons during the initial invasion of South Georgia Island.

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But Singer did it with lawyers. A less reliable weapon.

Maybe we should talk about Singer and The country of Peru. Quite a juicy story that involves purchasing debt merely for the purpose of sueing the debtor, confiscation of aircraft, blackmail and ransom payments with profits of over 400%. All of which he paid not one cent of tax on. Chutzpah !! You ought to be gushing with admiration over that one.

do you think little Marco Rubio, who has had little Marco Rubio financial troubles himself, has given Singer his cell phone and email address? Or does Singer have to go through His campaign staff? Singer sure does like screwing with people. Countries full of people.

I still have mortgages on hold, not one but two. The interesting thing is that I still haven’t been into debt, and I used to manage them with the help of a mortgage solutions provider in Ontario called ********* Mortgage. My mortgage had fallen to even 13% once, and still I managed it somehow from going into debt.

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Originally Posted by UltraliteAngler

I think that it might be worth it to reexamine what it really means to be homeless.

A person can be without a house or an apartment or a condo but still have food, healthcare, friends, clean water, and a place to shower too.

People live in vans and are happy: http://www.cheaprvliving.com/


People live in cars and are happy: https://www.youtube.com/watch?v=2PCwnCC5Sw0

People live in tents and are happy: http://www.businessinsider.com/ultra...ke-work-2015-7

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Nice links all; there are other options also...