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Author Topic: Twix candy bar primitive owes a lot of money  (Read 953 times)

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Offline franksolich

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Twix candy bar primitive owes a lot of money
« on: February 02, 2009, 11:49:43 PM »
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4967971

Oh my.

The Twix candy bar primitive, who's a floor supervisor for a discount store:

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TwixVoy  (640 posts)        Tue Feb-03-09 12:14 AM
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We are (mostly) all slaves to the banks folks

I remember the day I first heard the phrase "50 year mortgage". It was back in 2003. It was the first time I had heard it in the context of being a serious/real mortgage option.

I thought to my self at the time - is this for real? Could it be?

My first thought was who in their right mind would want such a mortgage? Obviously a 50 year term was being offered because prices had risen so high, and wages had NOT kept up, that it was starting to become necessary in order for people to even make minimum payments. Of course I knew we would see serious trouble in the future, but that is a different post.

50 year mortgage. Think about that. If the housing situation had not gone to hell - let's pretend the economy was still appearing to work just fine today - people would likely now be considering a 50 year mortgage both necessary and acceptable.

Most people in such a mortgage would likely never truly own their own home. Let's be realistic. Let's say you bought a home at 25 years old. Your last payment would be on your 75th birthday. TEN YEARS AFTER YOU (IN THEORY) WOULD HAVE "RETIRED". Should you be so lucky to live that long of course. The bank of course all those years makes off with a bundle in interest. Who the hell considers it acceptable to own ones home 10 years past retirement age? I think even 30 years is pushing it.

What scares the hell out of me is that the typical American citizen is willing to finance damn near every aspect of their life. They are willing to finance their home, their car, their education, their consumer purchases, even their damn grocery store purchases and medical care expenses. After the bankruptcy reform legislation passed it essentially blocked most people who eventually "maxed out" on all the financing from EVER escaping required monthly payments to the banks possibly until the day they died.

Every day we make payments to our overlords at Citi, Chase, Bank of America, etc. They own EVERYTHING. We pay them for the privilege of maybe one day paying for it all and actually owning it our selves for the few remaining years we are around.

Now I am not saying we should be able to live like kings. But god damn - why the HELL should I have to go in to debt for 20 years to pay for medical care? For 20 years to pay for education? For 50 years to own a home? For who knows how many years on revolving debts?

Now the corporate executives at these banks take our freaking 401K money (in the form of worthless stock that it is invested in), and now our tax dollars... all the while they are living like kings buying 50 million dollar jets and redecorating their offices for $1 million. And this is just what we know about folks. I can only imagine the shit that the media does not report.

We have millions who have been laid off. Why there are not protests in the streets amazes me. The founders of this country are rolling over in their graves.

But I thought 0bama was going to do something about this.

And 0bama's been in office two weeks now.

All talk, no action, 0bama.

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defendandprotect  (1000+ posts)        Tue Feb-03-09 12:19 AM
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1. But . .. the tables have turned and the banks owe us now . . . 

we could bring them to heel - turn the tables ---

NATIONALIZE them -- but certainly don't set them free to do more of this s---!!

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TwixVoy  (640 posts)        Tue Feb-03-09 12:24 AM
Response to Reply #1

2. They owe us jack shit

Let's be real. They own our asses.

Right now we are approaching the end game. The end game involves the US dollar dropping in value like a rock. We will be a poor nation. Mark my words. Ten years from now most people won't dare make a purchase that isn't absolutely required to keep them alive. Play time is over. They are taking us for all we have and they will get away scott free. We will be left holding the bag, and most will struggle just to make it. Once we hit that point (most people won't even see it coming) there will be no going back.

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The Brethren (686 posts)        Tue Feb-03-09 12:35 AM
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3. True. And truth be told, we're also slaves to our government thanks to laws put in place to control us, in particular since the 90s. It's hard to even call our country a democracy any longer. But it's probably better, I suppose, if more Americans weren't aware that we've been sold out.

And whose fault is that?

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TwixVoy  (640 posts)        Tue Feb-03-09 12:39 AM
Response to Reply #3
 
4. The reality is going to hit them in the face like a brick trust me.

The mega corporations aren't going to be generous. They won't be handing out raises, or even jobs for that matter.

Now that people have lost the ability to use the house as an ATM machine they will find it increasingly difficult to finance everything in life.... LOTS of people are going to suddenly find themselves in hard times. It will get increasingly worse over the next year.

Mark my words. Bookmark this and come back to it a year from now.

But I thought 0bama was going to fix that.

He's had plenty of time.
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Offline Chris_

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Re: Twix candy bar primitive owes a lot of money
« Reply #1 on: February 02, 2009, 11:57:38 PM »
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in particular since the 90s
When St Billy Jeff was President?
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Offline The Village Idiot

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Re: Twix candy bar primitive owes a lot of money
« Reply #2 on: February 03, 2009, 12:01:45 AM »
Kind of...

If nobody borrowed money from the banks..... the economy would collapse. So we are kind of slaves to the banks if by slave you mean we need them to keep us fed. Hey Nixon, you dummy, thanks for nothing getting us off the gold standard
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Offline delilahmused

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Re: Twix candy bar primitive owes a lot of money
« Reply #3 on: February 03, 2009, 12:28:16 AM »
I don't know...if I had a 50 year mortgage for whatever reason I'd make my payments and whatever extra I could afford to pay down the principle. Then when rates got low I'd negotiate for a lower rate and a shorter amount of time. They just aren't capable of finding the other side of the tunnel. And they still find things to be pissed off about. Every day. So much for a new messiah.

Cindie
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Offline Carl

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Re: Twix candy bar primitive owes a lot of money
« Reply #4 on: February 03, 2009, 04:49:02 AM »
What is there about living within ones means that escapes these idiots.
Debt is a tool to be used (or not) to improve life but not a pass to live a phony one.

I live in a rural upstate NY area,graduated from high school only yet have a job that pays the bills and provides health insurance yet none of them at the DUmp can do the same?

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Offline BlueStateSaint

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Re: Twix candy bar primitive owes a lot of money
« Reply #5 on: February 03, 2009, 05:21:01 AM »
Quote from: Carl on February 03, 2009, 04:49:02 AM
What is there about living within ones means that escapes these idiots.
Debt is a tool to be used (or not) to improve life but not a pass to live a phony one.

I live in a rural upstate NY area,graduated from high school only yet have a job that pays the bills and provides health insurance yet none of them at the DUmp can do the same?



Neighbor, it's all of that "edgemucashun" they have that prevents them from doing that.  As knowledge trickles in one ear, common sense floods out the other.
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Offline Texacon

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Re: Twix candy bar primitive owes a lot of money
« Reply #6 on: February 03, 2009, 07:13:05 AM »
Quote from: delilahmused on February 03, 2009, 12:28:16 AM
I don't know...if I had a 50 year mortgage for whatever reason I'd make my payments and whatever extra I could afford to pay down the principle. Then when rates got low I'd negotiate for a lower rate and a shorter amount of time. They just aren't capable of finding the other side of the tunnel. And they still find things to be pissed off about. Every day. So much for a new messiah.

Cindie

Meh.  Most will live in a home 7 years.  They sell it, take what equity they earned and move on to a different spread.  The DUmmies refuse to acknowledge what works.  They think anyone who has bought a home was given 20% down by ..... someone and somehow they missed the free 20% handouts.

KC
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Offline USA4ME

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Re: Twix candy bar primitive owes a lot of money
« Reply #7 on: February 03, 2009, 07:58:40 AM »
I wonder if they'll complain about B. Hussein and the Dem Congress when they start pumping money into the economy via the banks?  Who am I kidding, they'll blame the banks and the Republicans.

.
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Offline jukin

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Re: Twix candy bar primitive owes a lot of money
« Reply #8 on: February 03, 2009, 11:44:25 AM »
Eventually, even in the liberal entitlement society, living beyond one's means catches up to one.

I don't think the borrowing and printing bill will help the USA get out of years of entitlement think.  No, in fact I think it will take those that did live within their means down with those that did not.

Thanks,

Responsible US Citizen
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