Lester
Forum Elder
Joined: 08 Dec 2006
Posts: 4650
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 Posted: Sun Mar 11, 2007 11:25 am Post subject: |
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| I prefer to not owe anyone, I wouldn't take out a loan. |
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carifairy
Newbie
Joined: 10 Mar 2007
Posts: 36
Location: North Carolina.
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| Posted: Sun Mar 11, 2007 8:01 pm Post subject: |
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I agree.. My house was bought outright with cash, so was my car...
My point was basically that some people need mortgages, so having a good relationship with a bank can help the process.
I am 100% debt free, and prefer things that way. |
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jusdeadphunky
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Joined: 05 Dec 2006
Posts: 2222
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| Posted: Mon Mar 12, 2007 2:27 am Post subject: |
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| carifairy wrote: | I agree.. My house was bought outright with cash, so was my car...
My point was basically that some people need mortgages, so having a good relationship with a bank can help the process.
I am 100% debt free, and prefer things that way. |
not everyone is fortunate enough to be in a situation that allows them to buy a house or even a car with cash. i am sure everyone would prefer to be debt free. |
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jusdeadphunky
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Joined: 05 Dec 2006
Posts: 2222
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| Posted: Mon Mar 12, 2007 2:31 am Post subject: |
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| exton wrote: | | And what, exactly, is the problem with the federal reserve? |
the federal reserve is a private corporation with a secret board of directors, with the exception of the chairman who is a political appointee. the chairman being a political appointee is the only thing the federal reserve has to do with our federal government. what is so wrong about the federal reserve is that instead of the government earning money on the interest earned by the fed, it goes into the hands of the corporation. therefore the fed who owns our money looks out for the best interests of the corporation and not of us, the people using the money or the government. |
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exton
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Joined: 13 Dec 2006
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jusdeadphunky
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Joined: 05 Dec 2006
Posts: 2222
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| Posted: Mon Mar 12, 2007 3:12 am Post subject: |
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maybe i should, but the fact of the matter still stands that it is a private corporation who profits, not our government. |
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exton
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Joined: 13 Dec 2006
Posts: 4218
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| Posted: Mon Mar 12, 2007 3:39 am Post subject: |
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Except it's not. It has both private and public parts to it.
Hence my suggestion that you read the wiki. |
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Lester
Forum Elder
Joined: 08 Dec 2006
Posts: 4650
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| Posted: Mon Mar 12, 2007 3:15 pm Post subject: |
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| carifairy wrote: | I agree.. My house was bought outright with cash, so was my car...
My point was basically that some people need mortgages, so having a good relationship with a bank can help the process.
I am 100% debt free, and prefer things that way. |
This is my dream, I'm kinda worried because I might have to take a government loan(something very common in australia) to pay for my uni. |
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exton
Forum Elder
Joined: 13 Dec 2006
Posts: 4218
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| Posted: Tue Mar 13, 2007 2:35 am Post subject: |
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Uni...versity?
I don't know about australia, but in america, if you join the military, they pay for your education.
Of course, the reasons for this are obvious: you may or may not surivive the experience, especially these days.
The navy is a good choice, though, i'd say. |
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Lester
Forum Elder
Joined: 08 Dec 2006
Posts: 4650
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| Posted: Tue Mar 13, 2007 7:47 am Post subject: |
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Yes, university, sry, aussie slang.
They do that here too, but I will never voluntaryily join up to be part of a machine that I know to be a giant killing machine. I know it's weird, but I have this strange code of ethics, plus, unlike many others, I'm not gonna be worrying about just the guy next to me being shot, but about him, me, the entire unti, the people on the other side, I just don't like death. |
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Lester
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Joined: 08 Dec 2006
Posts: 4650
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| Posted: Tue Mar 13, 2007 7:49 am Post subject: |
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In australia we have this thing called H.E.C.S. The higher education contribution scheme.
http://www.goingtouni.gov.au/M.....CSHELP.htm
It's paid back in your taxes, but it's still a loan, i don't like oweing people money. |
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amoralanimal
Newbie
Joined: 12 Mar 2007
Posts: 36
Location: Phoenix, AZ
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| Posted: Tue Mar 13, 2007 4:00 pm Post subject: |
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| exton wrote: | | And what, exactly, is the problem with the federal reserve? |
Go to Google Video - search for 'fiat empire' - watch. Go to youtube, search for 'end of dollar hegemony' - watch. At least then you will know what some maintain is 'the problem' with the Fed.
You would also do well to start looking into 'petrodollars' and the recent moves by some countries to change from requiring oil to be paid for by the US dollar to the euro.
In effect, our US dollar is backed, not by gold or silver, but by oil. If oil-rich countries switch to the Euro, the implications are profound. |
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exton
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Joined: 13 Dec 2006
Posts: 4218
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| Posted: Wed Mar 14, 2007 2:15 am Post subject: |
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*smacks forehead*
The dollar isn't backed by anything. That's not how modern currency works.
But then, i get my information from things like "books", so never mind me. |
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Lester
Forum Elder
Joined: 08 Dec 2006
Posts: 4650
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| Posted: Wed Mar 14, 2007 8:47 am Post subject: |
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| The dollar is given value by the strength of the economy in which it is spawned from, I assume thats what jusdeadphunky meant. |
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Anym
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Joined: 07 Dec 2006
Posts: 2562
Location: Jersey
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| Posted: Wed Mar 14, 2007 5:32 pm Post subject: |
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| My 2 cents. I don't like owing(or the idea of) people money (especially banks). I don't trust credit cards or the companies. And I think if managed right the federal reserve can be a positive thing(keep W away from it). |
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