Thread: ~They may assassinate me for this...~

Originally Posted by Ardor

Are you in debt? If you live in America, the chances are high that you are. I am a financial advisor for Primerica, the leading financial institution of America and todays figures show the average American now spends $1.26 for every dollar he earns.

How is that figure calculated? I would think anyone who has a mortgage would skew this number a whole lot... and having a mortgage is not a bad thing, so long as you can afford it... But if your household brings in say 80K, and you got a 300K mortgage, and you're breaking even (or saving/investing aggrssively), that year, you still effectively spent $3 for every dollar earned :p.

I'll watch the video in a bit, might be interesting... but if I were a conspirator, I wouldn't worry too much about the american public finding stuff out. When they think about bill clinton, all they remember is the monica lewinsky thing... clearly, people never think of the REAL important stuff. The day Paris Hilton got sent back to jail crying, that news report had more hits than three times all the stuff that actually matters. This is one of the reasons why people vote against their self-interests to begin with.

Its not a conspiracy, its a known fact, that few people ever bother to look up. If the majority of people in the US knew how our economy was actually ran, there would probably be a revolt.

Originally Posted by Alric

Its not a conspiracy, its a known fact, that few people ever bother to look up. If the majority of people in the US knew how our economy was actually ran, there would probably be a revolt.

You know, Thomas Jefferson once said a revolt every once and a while was good for a country. And a warning to everyone, beware of credit cards!

On topic, I doubt it was a conspiracy. In the words of Howard Zinn, conspiracy theories are made to try to simplify things.

Originally Posted by Harrycombs

And a warning to everyone, beware of credit cards!

Amen to that.

What's wrong with credit cards?

Nothing assuming you pay off what you owe at the end of the month instead of building up a 12k debt like the average person in america. Sucks but if you have a 1,000 dollars saved up in the bank and no debt your richer than the average american.

Originally Posted by Alric

Nothing assuming you pay off what you owe at the end of the month instead of building up a 12k debt like the average person in america. Sucks but if you have a 1,000 dollars saved up in the bank and no debt your richer than the average american.

So really, it's "beware of credit cards if you're an idiot with your money."

I'm quite happy the average american is getting nailed by the credit card companies - it means I get better deals (since rates don't affect me cause I pay it all off).

Originally Posted by Replicon

What's wrong with credit cards?

If you miss a payment on anything, thing can raise the price on everything. Read through the contract you get when you buy a credit a card. Never miss a payment or you are screwed.

well... don't miss a payment then.

Originally Posted by Alric

Its not a conspiracy, its a known fact, that few people ever bother to look up. If the majority of people in the US knew how our economy was actually ran, there would probably be a revolt.

Oh yes, quite likely : )