Economic Collapse (Please don't flame me)
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free skin care · Thu Aug 14, 2008 6:28 pm

I've grown to love you guys and I know this is the wrong forum for this but since there are more people here I felt like I needed to spread the awareness about the collapse that is coming up, how soon I don't know.. but they're saying in a couple of years which is sooner than you may think.

I just wanted to let you guys know so you could prepare by earning more, saving more, and investing in gold so that you will not suffer the depression if it happens,

here are some links you should check out!

http://www.youtube.com/watch?v=z6NfXk7Bvc8

http://www.youtube.com/watch?v=_Rr_Gqn-3Wc

http://push.pickensplan.com/forum/topic/show?id=2187034%3ATopic%3A128827&x=1&page=47

http://digg.com/political_opinion/Prepare_To_Panic_Economic_winter_setting_in

http://ronpaul.myfeedportal.com/viewarticle.php?articleid=37

Major corporate companies are going down as well... Walmart, Sears, Gap, you name it. It's been happening for years and it is getting worse at an alarming rate.

You can google it to find out more about it,

I'm not telling you what to do, where your money goes at the moment and where it should be going to keep you protected incase anything happens. All I'm saying is..please be prepared, that's all.

free skin care · Thu Aug 14, 2008 7:49 pm

My thoughts are theres enough to go around for everyone. Its the lifestyle and choices you make that will make or break a person. I mean really how money does a person need to live on anyway??? I'm not worried. We can deal with it when the time comes.

free skin care · Thu Aug 14, 2008 8:31 pm

Good thinking, Love!
Don't know about you, but I'm cutting WAAAAAAAAY back on my spending and being more conservative with resources. I think we are circling the drain, for a while at least, and in the mean time we are right to be looking at ways to make it thru a depression if it comes to that.

Yep, we are in a mess, but on the bright side, ppl are becoming more ecologically responsible, and corporations are going to be forced into it too. Sometimes it takes being on the brink to spur ppl into action to make the changes necessary- don't you hope it's not too late?? I know a whopping big utilities bill made me seriously take measures to conserve.

I was making plans for retiring in the near future, but re-upped my professional license, thinking I might have to work well into even my 80's just to keep up. And isn't it a blessing if we CAN work into our 80's, if we need to. Big Brother ain't lookin out for you!

SusieQ - if you think there's enough to go around & you'll deal with it when the time comes, please reconsider and make a Plan, just in case the FatCats have it all.... when the time comes!
*steps down from soapbox*

free skin care · Thu Aug 14, 2008 11:38 pm

Thread belongs to EDS Lounge and not in the Skin Care Forum !

free skin care · Fri Aug 15, 2008 5:37 am

We are not suffering a recession - it is a flat screen tv crisis Very Happy

If it really happens we will all just have to learn to live within our means and I may need to pay more attention to the DIY threads Laughing

free skin care · Fri Aug 15, 2008 5:57 am

I did not read/watch your links but things have been bad before and will be good again.
I pretty much agree with SuzieQ.

There's no doubt that cost of living is higher and pay is not but if people are not making adjustments for that then it is their lifestyle choice that will bring them down.

To me talk of a "plan" should be every day common sense. If you live beyond your means without savings then a time will likely come when it will all blow up and this can happen in a great economy too.

free skin care · Fri Aug 15, 2008 7:50 am

Being in the Real Estate Market I have also watched how the "chicken Little" negative press affects our everyday decisions. We don't even have a depressed market here is Austin, but people think we do according to what they are reading and are letting that negativity affect buying decisions, which in turns creates a problem. We went thru this in the 70's, 80's and now again, but with the internet and press, it makes it seem like bigger doom and gloom, end of the world scenarios. Just be smart, be frugal and careful and know that this too will pass. You have to support your economy to get it back into a healthy state. We do go thru a purge scenario every few years to make room for new growth and technology.
And yes, this doesn't belong on this forum, it needs to go to the lounge. So move it on wonderful moderators and have a great day!

free skin care · Fri Aug 15, 2008 7:48 pm

fawnie wrote:

Good thinking, Love!
Don't know about you, but I'm cutting WAAAAAAAAY back on my spending and being more conservative with resources. I think we are circling the drain, for a while at least, and in the mean time we are right to be looking at ways to make it thru a depression if it comes to that.

Yep, we are in a mess, but on the bright side, ppl are becoming more ecologically responsible, and corporations are going to be forced into it too. Sometimes it takes being on the brink to spur ppl into action to make the changes necessary- don't you hope it's not too late?? I know a whopping big utilities bill made me seriously take measures to conserve.

I was making plans for retiring in the near future, but re-upped my professional license, thinking I might have to work well into even my 80's just to keep up. And isn't it a blessing if we CAN work into our 80's, if we need to. Big Brother ain't lookin out for you!

SusieQ - if you think there's enough to go around & you'll deal with it when the time comes, please reconsider and make a Plan, just in case the FatCats have it all.... when the time comes!
*steps down from soapbox*

I am de-cluttering and cutting back too AND have no plans to work in my 80s. I have planned fawnie. I plan to quit my job at 55 and just sit on my deck with a good book and a glass of lemonade. My home is paid for and DH and I have very little debt and paid health care. Thats all that matters to me. Oh yes, and a garden in my back yard to eat from.

free skin care · Fri Aug 15, 2008 7:53 pm

AnnieR wrote:

Being in the Real Estate Market I have also watched how the "chicken Little" negative press affects our everyday decisions. We don't even have a depressed market here is Austin, but people think we do according to what they are reading and are letting that negativity affect buying decisions, which in turns creates a problem. We went thru this in the 70's, 80's and now again, but with the internet and press, it makes it seem like bigger doom and gloom, end of the world scenarios. Just be smart, be frugal and careful and know that this too will pass. You have to support your economy to get it back into a healthy state. We do go thru a purge scenario every few years to make room for new growth and technology.
And yes, this doesn't belong on this forum, it needs to go to the lounge. So move it on wonderful moderators and have a great day!

I agree with the negativity. Theres too much in the paper, on tv, constantly battling authority, neighbors, politicians, etc etc. What you throw out to the universe comes back to you in the same way. TIme to change our way of thinking.

free skin care · Fri Aug 15, 2008 8:07 pm

sal-star wrote:

We are not suffering a recession - it is a flat screen tv crisis Very Happy

If it really happens we will all just have to learn to live within our means and I may need to pay more attention to the DIY threads Laughing

Salster LOL! How true! Imagine going broke over technology (which I suspect is happening to many of us these days). No more cell phones for me!

free skin care · Sat Aug 16, 2008 2:57 pm

Wanna know another crisis? Healthcare insurance alone will keep me working into my 80's !! And I work in the healthcare "industry" myself and have no healthcare liabilities!! Try going without healthcare insurance sometime and see how fast you go into bankruptcy if you have a catastrophic injury or illness.

There's a major healthcare crisis here & my vote goes to someone who can implement universal healthcare in this country. Lucky you! if you have paid insurance and/or a pension for life. Those of us who are younger and don't get that bennie are screwed. We need that job just for the insurance subsidized by our employer.

And Social Security benefits?? fuggedabowdit. I'm not counting on any money left in that pot for me.

Yeah, I'm negative, but that doesn't mean it isn't true!
Things we never could've imagined 10 years ago are now a reality. Who could've predicted 9/11, the GWOT, Katrina, the subprime mortgage collapse, all the corruption in the "gubment" that's cost us.......? Some ppl have lost it all and may never recover. Sure it may rebound, but the resources for doing so are rapidly dwindling.
*down girl, down*

free skin care · Sat Aug 16, 2008 6:04 pm

fawnie wrote:

Wanna know another crisis? Healthcare insurance alone will keep me working into my 80's !! And I work in the healthcare "industry" myself and have no healthcare liabilities!! Try going without healthcare insurance sometime and see how fast you go into bankruptcy if you have a catastrophic injury or illness.

There's a major healthcare crisis here & my vote goes to someone who can implement universal healthcare in this country. Lucky you! if you have paid insurance and/or a pension for life. Those of us who are younger and don't get that bennie are screwed. We need that job just for the insurance subsidized by our employer.

And Social Security benefits?? fuggedabowdit. I'm not counting on any money left in that pot for me.

Yeah, I'm negative, but that doesn't mean it isn't true!
Things we never could've imagined 10 years ago are now a reality. Who could've predicted 9/11, the GWOT, Katrina, the subprime mortgage collapse, all the corruption in the "gubment" that's cost us.......? Some ppl have lost it all and may never recover. Sure it may rebound, but the resources for doing so are rapidly dwindling.
*down girl, down*

Yes I know Fawnie, your country and its people are having a tough time. Lots of Americans are living up here in Canada for the very reason you speak of...the politics of it all. Maybe theres something good to being conservative after all.

free skin care · Sun Aug 17, 2008 2:19 pm

.....and yet we stilled haven't learned.

Not to flog a dead horse, but my point was that it's not necessarily poor lifestyle choices that have gotten ppl into trouble and contributed to their economic problems, but a series of unfortunate events.

free skin care · Mon Aug 18, 2008 6:45 am

I've made more money than last year and can somehow afford less. I'm not knowledgable about economics *at all* but I generally only buy what I need, and I don't find myself wanting a lot.

I've had to make adjustments-

Instead of buying things on credit regularly I buy only with cash and use what I didn't spend to pay off credit cards. I was raised by my mom, who is in massive debt herself, and didn't get much of a solid financial education!

I buy more clothes at Target and less at Nordstrom, especially work clothes, which aren't a big deal anyway. I will buy basics and staples (like jeans) from more expensive places.

free skin care · Mon Aug 18, 2008 8:14 am

Healthcare costs are an issue for sure. We pay our own, being self-employed, and for our son. There is no one to set up a 401, we've had to set aside our own nuts for winter. But we've always paid cash for everything and I don't use credit or credit cards unless I pay it right back off. And that's how we've taught our son to be, afraid of that credit card to a degree. It can be addicting to some, don't use it unless you have to, think long and hard about if it's something you really need and can it hold it's value.
This credit crisis has been looming for a while, due to lending practices that haven't changed much. Same as why we have a mortgage crisis. We went through something similar in the 80's with the savings and loan crisis, due to the same lax lending standards. When we overextend, failures follow and it takes a while to start over and repeat the cycle. Those who have been frugal and have not over spent on credit come out on the other side, hopefully. We see that with those in our business especially, a sort of forced selective process.
"Buy what you need, not what you want" is what my Dad always said. Of course he didn't know the lure of these beauty forums! Smile

free skin care · Mon Aug 25, 2008 9:30 pm

I think it makes a difference if everyone thinks positively and helps support the economy, but the only way to do so is to know about it. Most people are living in their own worlds. They spend and spend and don't really realize the situation until they're in it.

I don't think it's negative thinking, I think it's being realistic.

Be positive, but have a plan as well.

By the way.. has anyone seen the commercial on tv where they tell you to sell them your gold and you can make money off the gold you sell? Whoever came up with that idea was a genius. Instead of investing in gold which could be expensive, they're buying it for probably 1/10 the cost. Now that's smart!

free skin care · Tue Aug 26, 2008 8:49 pm

No lovemore, I haven't seen the commercial - we pulled the plug on the tube 14 years ago and just never bothered with it since. Can't say I miss it, since satellite is, what? $90/month now????
But yeah, I've seen the ads in the papers about it. How do we know what a fair price is for gold? I'm sure they tell everyone that it's only a percentage pure gold.
By the way, love, you can see there are some heated opinions here!!! Good thread! And I agree: forewarned in forearmed. Each of us has to take responsibility for our economic well-being and be knowledgeable. The days of the pension and paid insurance are gone, at least for most of us.

free skin care · Tue Aug 26, 2008 8:58 pm

I know Fawn,
I think some people get upset about things like this.. I mean, who wouldn't??

I was reading about some men wanting to purchase weapons to protect themselves incase of a depression and all.

I also know that China, India and other countries have invested A LOT in the U.S. businesses and many buildings here like the Empire State is owned by China, so I know if depression ever came it would not be as bad as some people would think because these countries would have too much to loose. Before that happens I know these countries would do something about it to not loose what they have already invested.

free skin care · Tue Aug 26, 2008 9:10 pm

I agree with the poster that said that this negative press can make people not want to buy something which can make things worse,

What I meant was that people should focus on paying off their debt before they run off to get things that don't matter.

Part of the reason why the economy is going through this minor recession is because this economy system is based on CREDIT!

Use your own money to buy your stuff and you'll be much better off.

Sun Aug 31, 2008 8:56 pm

My first post... and it's here... LOL...

I gotta tell you... I was without insurance for the first time in say 15 years... broke a knuckle during my move (it didn't even hurt that bad... but I couldn't get my wedding ring off)... Had to have surg. so that my finger will function normally... $25,000 YES that's right. For a KNUCKLE... imagine something life threatening!

I was fortunate to have good medical during a twin pregnancy and c-section... I totaled all the bills sent to my insurance... $120,000 (I think my parents said it cost them just over a $1,000 to have me.)

If you're in the position to pay off debt... DO IT!

If you want to know the price of gold... open the wall street journal. (or google it)... it goes up and down just like stocks...

I'm lucky to be educated in finance (with a degree)... I understood immediately what was going to happen with those zero down l-o-a-n-s, that were fixed for 5 years and then become adjustable... especially if you lived in an over priced market... HOLY COW... We are now seeing the results of that...

And I think it should be against the law for credit card companies to stock new college students extend them credit with crazy terms and wait for them to fail... it's entrapment. These cards that can up their rates to 27% for missing a payment... or making a late payment... they make it so a person can't pay them off... It's terrible.

Ok... was that too much for my first time here...LOL!

free skin care · Mon Sep 01, 2008 7:54 am

fitmama wrote:

My first post... and it's here... LOL...

And I think it should be against the law for credit card companies to stock new college students extend them credit with crazy terms and wait for them to fail... it's entrapment. These cards that can up their rates to 27% for missing a payment... or making a late payment... they make it so a person can't pay them off... It's terrible.

Ok... was that too much for my first time here...LOL!

Welcome to the forum and very well said! I totally agree with you about the credit cards and college students.

I strongly believe that the evils of credit and the importance of saving for retirement should be taught in high school. I live in Houston, TX and in my senior year of high school, we were required to take a semester of economics. The only thing I remember from that class was doing a presentation on the economy of Brazil. Brazil?!? We don't live in Brazil! Needless to say, the rest of the things I "learned" in that class were so useless, I've completely forgotten them. The class was a joke and a waste of time.

The burden of teaching kids these things often falls to parents who themselves don't know enough about credit and retirement. I'm lucky that my dad gives me lots of financial advice and even helped me open a Roth IRA and even occasionally puts money in it for me! But I know my in-laws did not tell my husband how bad credit cards can be. He was paying a total of 60% in interest rates on his credit cards! We had to get a huge loan after we got married to pay everything off. For the first time in the 3&1/2 years we've been married we're out of debt and now saving for a house!

free skin care · Mon Sep 01, 2008 8:05 am

lovemore wrote:

I also know that China, India and other countries have invested A LOT in the U.S. businesses and many buildings here like the Empire State is owned by China,

If anyone can show me that the Chinese government owns the empire state building, I'll eat my hat. In fact I'll eat ALL my baseball caps and they don't look very tasty Laughing

I don't follow US business news much, so I could be wrong, but I seem to recall empire state was owned by one of Leona Helsmley's companies... if so, it's quite possibly now owned by that dog of hers who scored big time in her will Laughing

free skin care · Mon Sep 01, 2008 2:33 pm

appletini wrote:

lovemore wrote:

I also know that China, India and other countries have invested A LOT in the U.S. businesses and many buildings here like the Empire State is owned by China,

If anyone can show me that the Chinese government owns the empire state building, I'll eat my hat. In fact I'll eat ALL my baseball caps and they don't look very tasty Laughing

I don't follow US business news much, so I could be wrong, but I seem to recall empire state was owned by one of Leona Helsmley's companies... if so, it's quite possibly now owned by that dog of hers who scored big time in her will Laughing

Don't eat your hats, LOL!
I should've checked reliable sources before typing that out as my friend told me she was wrong, but here it says it is owned by several people along with japanese investors

http://findarticles.com/p/articles/mi_m3601/is_25_48/ai_82514830

so my point was.. other countries have invested in a lot of different things here to lose it all in a depression

free skin care · Tue Sep 02, 2008 6:06 am

If you actually started listing all the real estate in the U.S. owned by foreign investors, you probably would need a lot of beer to wash down those hats!
Unfortunately, we knew there was a problem brewing, signs have been there for years in so many different sectors. It has a domino effect. But the sad thing is, it sometimes takes a crisis to get people's attention. If you would have read this thread 15 years ago, you maybe have thought "Chicken Little and the sky is falling", but the signs were there way back before that. Now we've just got to pull back out and turn it around. That takes a nation and a whole lot of work, but it can be done.

free skin care · Tue Sep 02, 2008 7:12 am

When you say "turn it around", what do you mean? Do you think US should stop accepting foreign investment?

AnnieR wrote:

If you actually started listing all the real estate in the U.S. owned by foreign investors, you probably would need a lot of beer to wash down those hats!
Unfortunately, we knew there was a problem brewing, signs have been there for years in so many different sectors. It has a domino effect. But the sad thing is, it sometimes takes a crisis to get people's attention. If you would have read this thread 15 years ago, you maybe have thought "Chicken Little and the sky is falling", but the signs were there way back before that. Now we've just got to pull back out and turn it around. That takes a nation and a whole lot of work, but it can be done.

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