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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 10:33 AM Original message |
OK Here is a contrarian view of the Economic Collapse advice.... |
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Fredda Weinberg (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 10:36 AM Response to Original message |
1. That only works w/fixed rate loans. n/t |
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jwirr (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 10:37 AM Response to Original message |
2. I like everything you say UNTIL it comes to acquiring more debt. nt |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 10:44 AM Response to Reply #2 |
3. IT is contrarian logic ... but it raises some interesting possibilities... |
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Viva_La_Revolution (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 11:23 AM Response to Reply #3 |
9. I'm spending on staples... |
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Mugu (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 11:45 AM Response to Reply #9 |
14. Be sure to do some research into storing food items in plastic. |
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Viva_La_Revolution (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 01:32 PM Response to Reply #14 |
16. Short term, I think I'll be ok... |
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Mugu (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 01:39 PM Response to Reply #16 |
18. You are correct that short-term plastic shouldn't be a problem. |
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screembloodymurder (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 10:45 AM Response to Original message |
4. I remortgaged my house two years ago for this reason. |
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Matariki (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 11:30 AM Response to Reply #4 |
10. technical question |
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On the Road (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 10:48 AM Response to Original message |
5. That is True, |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 11:01 AM Response to Reply #5 |
6. Simple example.... |
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Snarkoleptic (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 11:03 AM Response to Original message |
7. The dollar is weak as compared with other currencies. |
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Blackhatjack (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 11:09 AM Response to Reply #7 |
8. Remember taking out a loan in dollars benefits you only if you convert them and not hold them... |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 11:30 AM Response to Original message |
11. Here's the problem.. IF you have money NOW, and you have debts |
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Snarkoleptic (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 11:32 AM Response to Reply #11 |
12. Ding Ding Ding...we've got a winner! |
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L. Coyote (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 11:37 AM Response to Original message |
13. Contrarian view would be Doom and Gloom BS is just the usual election year psy-op |
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Winterblues (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 11:51 AM Response to Original message |
15. This is an attitude that was prevalent in the late seventies |
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Selatius (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 02:17 PM Response to Reply #15 |
20. Reagan had nothing to do with it. Paul Volcker did. He was Chairman of the Federal Reserve. |
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bean fidhleir (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 01:38 PM Response to Original message |
17. Only true if the change due to inflation is more than the interest you pay on the loans |
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DemBones DemBones (1000+ posts) Send PM | Profile | Ignore | Mon Mar-10-08 01:48 PM Response to Original message |
19. Seems reasonable enough to use credit cards to buy staple foods, gasoline, |
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