Outsider
Ranter Level 3
Karma: 8
Posts: 157
Went the day well?
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« Reply #15 on: May 29, 2008, 12:34:52 PM » |
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Whoever said use debit cards: that's exactly what the corpolitical wants: a cashless society. Paying with a card makes people more receptive to the idea of using RFID tags, etc. to pay for things. If I pay cash, I'm not in some database that lists where I was at what time and what I purchased, If I use my debit card (or the new bus cards in Chicago that have an RFID chip in them), I am logged into a database that not only tells me when, where, and what I bought, but also potentially what time I got on the bus, what stop I got on at, what seat I am sitting on the bus, basically anyone behind the screen can pull up the onboard camera on the bus and see me sitting down reading my book, riding to my destination. This is not a conspiracy or a theory. This is in widespread use. I'll use a good ol' fistful of quarters for my fare, thank you. Not to mention, like Sean said in Patrolling, "Where's your money? Let me touch your money...Oh, it's in the bank? So the BANK has your money?..."
It's a suggestion for those who use credit cards to instead switch to debit cards. That way they're not acquiring debt and then paying it off, they're spending money they have in their account. I agree that it would be best to pay for all things in cash but a lot of people are unwilling to give up their bank accounts entirely. |
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"And all of us ourselves, when no man was his own."
'The Tempest' by W. Shakespeare, Act 5, Scene 1, Line 212
"It's not denial. I'm just selective about the reality I accept."
Bill Watterson
"You never know you are in prison unless you try the door."
Joseph Bageant
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Yugosaki
Ranter Level 5
Karma: 80
Posts: 933
Professor Badass
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« Reply #16 on: May 29, 2008, 12:45:36 PM » |
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It's a suggestion for those who use credit cards to instead switch to debit cards. That way they're not acquiring debt and then paying it off, they're spending money they have in their account. I agree that it would be best to pay for all things in cash but a lot of people are unwilling to give up their bank accounts entirely.
I will not give up my bank account entirely. That would be stupid. I withdraw money from my account in large amounts and spend cash, but i don't keep my entire life savings under a matress or something |
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second life: Yugosaki Coronet
Optimism- Ignoring the obvious
Pessimism- Believing the world sucks and if the worst can happen, it will happen.
Survivalism- realizing the universe is malevolent and doing everything in your power to thwart it's plans.
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Jebusura
Ranter Level 3
Karma: 26
Posts: 221
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« Reply #17 on: May 30, 2008, 03:17:56 AM » |
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Don't use credit lightly. It is part of modern life though, so we should use it tacticly.
If the world is heading for a major recession, then this is a war fought with money. You need to secure your position.
I maybe wrong... but are you saying by improving your credit rating you will be making you life more secure if there is a major recession? |
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Don't waste your time or time WILL waste you... - Muse (Knights of Cydonia)
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Tych0
Ranter Level 3
Karma: 9
Posts: 245
There is no spoon.
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« Reply #18 on: May 30, 2008, 01:47:51 PM » |
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Of course getting rid of your bank account entirely is not a good idea. After all, it's kind of impossible to buy things online with no debit or credit cards. That's pretty much the only reason I have one, for online purchases. I guess for those who haven't quite reached the step of keeping a couple hundred bucks cash (or gold/silver coins) in reserve on or around them, they have to eliminate debt. Then there is the security issue of walking around with large amounts of cash. The bank's purpose (at least primarily) is to provide a safe, secure place to keep your savings (time locked vault/safe deposit box, armed guards, and security systems; versus the lock on your front door and a mattress...hmmm that's a hard decision, lol) The first step towards debt elimination is to pay off all your credit cards and cut them up, as credit cards have a nasty way of enabling people to buy things they really can't afford. It's tricky though, as you need an established line of credit to buy a house, etc. Guess it's really about not keeping all your eggs in one basket.
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"A good horse that follows others.
Awareness of danger,
With perseverance, furthers.
Practice chariot driving and armed defense daily.
It furthers one to have somewhere to go."
-I Ching, Hexagram 26
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Sci
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« Reply #19 on: June 29, 2008, 10:30:46 AM » |
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Don't use credit lightly. It is part of modern life though, so we should use it tacticly.
If the world is heading for a major recession, then this is a war fought with money. You need to secure your position.
I maybe wrong... but are you saying by improving your credit rating you will be making you life more secure if there is a major recession? Your credit rating (in its simplest form) is only a 0-999 number rating that companies use to judge how much of a risk you are to lend money to (judged on how many are already willing to loan to you, and your record at repaying them), not the amount of debt you're actually in. If I put everything I'd usually get on debit onto a credit card, and nothing more, then I can pay off the card in it's entirety every month without worrying about having dept getting out of control. And I build up a nice record of perfect repayments and high usage. Which means when everyone else is skipping on payments and panicking about spiralling repayment fines, I'll still be in a position where I have a good record and will be more likely to be accepted for larger long-term loans (such as mortgages and business loans). So far it's been invaluable in getting my business off the ground. It shouldn't be used lightly by any means, and I've almost "spun out" of the repayment pattern a couple of times, but it seems ridiculous to scrap an available and useful resource when the only thing wrong with it is having to learn self control. Yes the banks rape you in fees, you can loose everything if you rack up too much debt, and god forbid they know how many chicken wings you buy a month, but it's all still triggered by personal responsibility. You get charged massive fees if you choose to spend more than you can afford to repay. And if you're buying things you don't want folk knowing about, then it's still your choice how to pay for it. (and for that matter, which is more deniable? That someone used your CC# to buy something questionable by mail-order, or that someone else disguised themselves as you, withdrew money from your account with a cash card, and went and got the ****** from the store in person?) |
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destined
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« Reply #20 on: July 02, 2008, 04:27:15 AM » |
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Sci and others:
Its about Control. If one cannot control their financies, themselves, families or society with some decency, does one expect that things are in such a mess.
I'm not going to blame the financial house of cards for the world's financial problems or the personal, impulsed visuals, when honestly, every day some one chooses to lose their shirts play with the blinky lights or suffer from depression (not the manic depression or very serious mentally ill) because they continually fail to get their lives under control. And use the Bankruptcy excuse to get out of paying their debts.
What would happen if the corporate banks were local lenders, credit unions or your next door neighbor? Would you be so keep not to pay those debts than some thing you promised to pay some corporation?
I'd love to see more credit unions and microfinance in the US to get around of the useless things that seems to come up top. It might give people thinking twice of using the money to go running off to Bingo or mall-a-crapola and instead use it for some type of education, business or good expense that would increase their life or happiness?
Sci makes some very good points but in my reality, I see too many of the above in the US with unjustified expectation, feelings of ingratitude and feeling someone owes them.
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Sci
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« Reply #21 on: July 15, 2008, 10:57:08 AM » |
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Aye destined. Such separation from our funds gives a detached treatment of them. And when you get detached you get sloppy.
I'm also rather inclined to say that the feelings of being owed things somehow is probably the result of consumer culture, via spoilt-child-syndrome.
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« Reply #22 on: July 17, 2008, 10:27:20 PM » |
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I'm also rather inclined to say that the feelings of being owed things somehow is probably the result of consumer culture, via spoilt-child-syndrome."
Well said Sci. Now if you could just come down to one of my local rich, spoiled, little kids and teen malls here, I can show you examples that will grow into monstrosities.
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Sci
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« Reply #23 on: July 22, 2008, 06:45:07 AM » |
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Well said Sci. Now if you could just come down to one of my local rich, spoiled, little kids and teen malls here, I can show you examples that will grow into monstrosities.
Brainwash them, and become a cult leader who demands material contributions every month? Make them happy to max out their cards for you. Grow rich, decadent and well armed. Then get set on fire by the US Government's Bradley tanks. Or alternatively, research the spoilt ones, and acquire their goods for free/dirt-cheap when they become board with them a week later. |
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« Reply #24 on: July 26, 2008, 05:36:14 AM » |
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If one is hugely crazy, you can always get a 7-11 pay Visa Card that you can use for online transactions.
Honestly, I'm not going to die over having a debit or credit card. Its just simply put, Tych0 how you use it. If we do go to a cashless society, are you going to live on bartering?
Darn, this thread was about the coming stock market crash? Yeah, I would say probably cutting down your debt and other expenditures is a wise and good idea no matter what the stock goes up and down. Also develop a good financial is a *must* for any wog or non-wog.
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Loopster
Ranter Level 5
Karma: 51
Posts: 1001
Son Of Liberty
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« Reply #25 on: September 17, 2008, 05:42:42 PM » |
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Just found these guys http://fdrs.org/ and it looks like a good company. Possibly worth investigating further. |
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~"If the American people were allowed to know the details of the bank bailout, there would be rioting in the streets..."
-Henry "Hank" Paulson, November '08
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Sci
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« Reply #26 on: September 19, 2008, 02:07:28 PM » |
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From The Spectator:
If you had purchased £1000 of Northern Rock shares one year ago it would now be worth £4.95, with HBOS, earlier this week your £1000 would have been worth £16.50, £1000 invested in XL Leisure would now be worth less than £5, but if you bought £1000 worth of Tennents Lager one year ago, drank it all, then took the empty cans to an aluminium re-cycling plant, you would get £214. So based on the above statistics the best current investment advice is to drink heavily and re-cycle.Well, there's something to think about. |
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Xaro
Ranter Level 1
Karma: 0
Posts: 8
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« Reply #27 on: October 21, 2008, 10:33:16 PM » |
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Well, its not like I won't be ready, I had my AWOL bag packed wayyyy before any of this kicked off haha.
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destined
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« Reply #28 on: October 30, 2008, 12:27:17 AM » |
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I was listening to the radio BBC radio that gets pumped into my area from a local National Public Radio affiliate in my town. According to the BBC, they were saying that the US, China, Middle East and a couple other countries are at work to try and create a new world banking system and to take th US dollar off as the currency of choice for foreign exchange rates. They were saying that China may become the next financial behemoth but that they were not ready at this point in history to become a new backed .. Here is the link to the story. http://www.theworld.org/?q=node/21976 |
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