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Episode 630

July 22, 2014 13:30

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Comments (17) Sort by: Highest rating Oldest first Newest first

 

Beny Footworn 30.07.2014 03:12

Beny Footworn 24.07.2014 19:59

get whatever you want without having to worry about paying it back.

  


I do not think so now after reading this: Web. sfgate/news/us/artic le/Study-35-percent- in-US-facing-debt-co llectors-5652887.php

 

Beny Footworn 24.07.2014 19:59

tony okrongly 24.07.2014 15:26

bought...no money down and almost no interest. ..."subprime&qu ot;, no verifiable income.

  

That sounds crazy. It sounds like these days you can almost get whatever you want without having to worry about paying it back. Though, you probably have some kind of credit rating better than someone that has been through bankruptcy.

 

Beny Footworn 24.07.2014 19:52

tony okrongly 24.07.2014 15:26

bought...no money down and almost no interest. ..."subprime&am p;qu ot;, no verifiable income.

  

Cont. But, I guess I missed the point you were trying to make that things have changed to where you can get loans even with bad credit ratings, and obviously you have already been dealing with a possible bad credit rating from a pending foreclosure.

 

Beny Footworn 24.07.2014 19:42

tony okrongly 24.07.2014 15:26

bought...no money down and almost no interest. ..."subprime&qu ot;, no verifiable income.

  

Interesting. That sounds great except for the risk receiving a bad credit rating, and bankruptcy if anything goes wrong, and you can't pay what ever they are asking. I would prefer to not have the stuff over worrying about paying it off.

 

tony okrongly 24.07.2014 15:26

Case in point: about 15 months ago my wife and I bought the following: a new Ford Fusion, a new Toyota Prius and a new John Deer tractor package (tractor, trailer and additional implements). All for no money down and almost no interest. How? We are both "subprime" and were less than a year out of letting our home get foreclosed on in order to buy a small farm in the countryside.

We are "subprime" , self-employed, with no verifiable income. Credit Scores don't matter. The $130k house I walked away from sold for $87k. Fed Money to bank loans to securitization for pension funds. Nobody owns the money ever. Who cares?

 

Benoit ZuccarellI 23.07.2014 21:23

Beny Footworn 23.07.2014 18:46

[quote name=time='23.07.201 4 06:50']
READ MY COMMENT AGAIN. I said nothing of the sort.

  

So rry Benoit ZuccarellI, you are right I misread your post, my bad. after misreading comment.
[/quote]

@Benny,We cool Benny!GM took $90Billion USA taxpayer funds and then opened 6 auto production facilities in China,May 2012.A THANK U 2 THE USA TAXPAYERS?at a time when Detroit was facing Bankruptcy,no one is upset?This move of economic treason was done while Hilary was rescuing a blind man in chongking's US Embassy,the charade was a smoke screen 4 why she was there.

 

Beny Footworn 23.07.2014 18:54

DoAskDoTell 22.07.2014 17:16

Americans willing see jobs outsourced

  

That does not seem correct workers willing to outsoucrch their jobs. Clinton acted for business against workers. When Detroit outsourced auto jobs people were very upset about that (see "Rodger and Me" by Michael Moore). And when a business shut down a U.S. manufacturing plant workers protested for days on end against it (see " As Bain Ships Jobs to China, Bainport Protesters Arrested..., on Democracy Now!). Where do you get this that U.S. workers wanted their own jobs taken away? They were ripped off of their jobs.

 

Beny Footworn 23.07.2014 18:46

[quote name=time='23.07.201 4 06:50']
READ MY COMMENT AGAIN. I said nothing of the sort.[/quote]
So rry Benoit ZuccarellI, you are right I misread your post, my bad. I was aiming my comment at DoAskDoTell 22.07.2014 17:16 which I still want to do and got myself tripped up after misreading your comment.

 

Beny Footworn 23.07.2014 01:26

Benoit ZuccarellI 22.07.2014 21:54


  



That is not correct that workers wanted their jobs outsourced. Clinton was acting for business against workers. When Detroit shipped auto jobs overseas people were very upset about that (see "Rodger and Me" by Michael Moore). And when a business shut down a U.S. manufacturing plant workers protested for days on end against it (see " As Bain Ships Jobs to China, Bainport Protesters Arrested..., on Democracy Now!). Where do you get this that U.S. workers wanted their own jobs taken away? They were ripped off of their jobs.

 

Benoit ZuccarellI 22.07.2014 21:54

DoAskDoTell 22.07.2014 17:16

cont.
To illustrate the CEOs' gains in real term:

In 1972, the gap betweenCEOsincomevsa ve employeesincomewas70 x
In 2008thegapwas360x

It's no wonder that many Americans started gambling instead of working and were willing to see jobs outsourced for the past 20+ yrs.

Maxput itbest: Bubbles are their dead-end strategies like diluting shampoo with water. Masters are clueless and egotistic to a fault.

  


No workers wanted the USA jobs outsourced, once Clinton signed NAFTA nothing could be done to stop it from happening.NAFTA caused the ruination of the country.

 

Beny Footworn 22.07.2014 19:06

Cont.: Looks like things are headed to be like the Madmax Beyond Thunderdome movie (no pun intended) of living in a post peak oil world of roaming gangs living in their souped-up automobiles.

 

Beny Footworn 22.07.2014 19:01

That was a good one: that the new U.S. mortgage is for cars because a lot more people are living in their cars instead of houses. It is true the Great Recession forced people to move into their cars and live on the streets. Then some cities in California became upset with how this was adversely affecting the value of their neighborhoods and passed laws making it illegal to sleep in cars. But, luckily in L.A. this was overturned in court as being unconstitutional.

 

DoAskDoTell 22.07.2014 17:16

cont.
To illustrate the CEOs' gains in real term:

In 1972, the gap between CEO's income vs ave employees'income was 70x
In 2008, the gap was 360x

It's no wonder that many Americans started gambling instead of working and were willing to see jobs outsourced for the past 20+ yrs.

Max put it best: Bubbles are their dead-end strategies like diluting shampoo with water. Masters are clueless and egotistic to a fault.

 

DoAskDoTell 22.07.2014 17:07

Ep 629 was illuminating: Dollar went off gold standard in late 1971 (US banks ran out of gold bullions demanded by French gov/dollar holders - during VN war) and since 1972, productivity gain$ went mostly to the CEO class and some stock investors.

How?
Workers see their wages stagnant since 1972 in real terms, adjusted for inflation.
vs
CEOs started receiving stock options and golden parachutes, and their gain$ doubled in real terms.

To mask all this while faking economic growth (for rigging credit ratings, bonds, interest rate, fed... mumbo jumbo), the Uk/US gov are lying about employment stats, & all else.

 

Snorkle 22.07.2014 13:02

Man, this Max Keiser does a hel1 of a show. Keep up the good work you two.

The education system in the US is also corrupt. Try studying busines these days. Completely infested with US propaganda. I'll never forget the quote in my auditing textbook at the beginning of one chapter:

"Cred it has done a thousand times more to enrich mankind than all the goldmines in the world"

Complete drivel.

 

Benoit ZuccarellI 22.07.2014 12:00

[quote name='Dan Campbell' time='22.07.2014 10:44']How come they skipped episode 629, on rtcom? It was available on Youtube, no problem. But odd that they missed it, and didn't fill it in, afterwards.
[/qu ote]

@ Dan Campbell, I've looked for it on youtube and did not find it.Maybe its being blocked in the Western Hemisphere?

 

Dan Campbell 22.07.2014 10:44

How come they skipped episode 629, on rtcom? It was available on Youtube, no problem. But odd that they missed it, and didn't fill it in, afterwards.

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