Bolas

Well that and the skydiving wasn't always the main source of income for some dz's. Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

Pete on Dirty Jobs.

Anyone want to split a room at the Windsor? Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

After going to the Clermont last night, I will say, unequivocally, that that statement is not true. Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

no, what would happen if everyone actually got a mortgage/loan (at the same time). what would happen then? I think I see where you're going. If there is limited supply of a product, the price is higher. As more of a product is created the price comes down as it may become cheaper to produce. If there's too much of a product, the price drops sharply as the excess inventory is viewed as a liability. Simple supply and demand economics. We've seen this with video game systems, gas, cars, etc. Credit is a product but when its value drops, it has to compensate by getting larger which causes what is bought on credit to increase as well independent of the item's actual value. So how do you recreate demand in a product that was oversold? You limit supply. So how do you get credit and prices back to sane levels? You limit the supply which has been done. Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

They don't create money, they create credit. but sooner or later that credit has to be 'realised' into actual money. if the multiplier effect has been over-used then the two won't match (even after productivity improvements out in the real economy). there was too much interest/credit to pay back with real money - result shortcircuit. not the fault of the people who bought tickets on the plane - but the banks (and shadow structure) that sold too many tickets to seat everyone. It doesn't have to be realized as real money as it's not until it is actually redeemed for actual cash. Considering how little cash transactions actually occur these days... Interesting theory that overcreditization in general caused this, not just an abundance of bad loans.

Hardly. They'd use the potential money that the mortgages already sold would generate as the basis of payment for the new ones. Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

They don't create money, they create credit. Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

In most cases there is no such thing involved in the transactions. In cases of home developers, that money is used to pay back the original loan with that bank or perhaps another or used as the basis for the next loan. You mentioned it prior in your prior post "reserves in their vault or someone elses" Bank 1 owes Bank 2 $x but Bank 3 owes $x to Bank 2 which owes $x to Bank 1. If all 3 banks are about the same size and x represents 50% of their required reserves then that some 50% money unit is being used multiple times. Add hundreds of more banks (investments, stocks, bonds, etc.) and fractions of $x spread all over the world and you start to see the picture. All is well and good unless people using the banks either stop paying or take out their money. The banking industry in reality did not need to be "bailed out." In that matter neither did GM, Chrysler, etc. as it was not about actual money, but securing new loans for their existing debt. Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

This is assuming that the previous owner developer actually owned the property versus they had a mortgage/loan as well. In that case it's just a bank transfer of funds. Which may or may not be done depending on what the original bank owes or is owed from other loans/mortgages. So while a property may be built for $500,000 and sell for $1 million. The only "real" money is likely to be the initial payments and the profits on the sale. The rest is just potential future earnings. This is why banks should have just revalued the houses and allowed those that weren't underwater to simply refinance at the lower value. This would have limited the people that could still pay from choosing to simply buy another house and walk away from the one they had. Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

Is this it? http://www.facebook.com/event.php?eid=105875729444275 Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

Interesting. You object to unearned gifts of lots of money to people yet support government programs that give people money for doing nothing. you talking about the military again

Interesting. You're okay with people having lots of money if they earn it by honestly working, but object to people just given it for doing nothing. Yet support government programs that give people money for doing nothing. So it's a quantity thing? How would you deal with a hard worker who lost his job in the recession (caused by wealthy bankers) through no fault of his/her own? Let him/her and family starve? No. Both the company and the employee contributed to the unemployment fund so they are due that. These people are not doing nothing either. They are searching for a job, doing part time work, freelance, taking a pay cut for another job, etc. Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

Is there a FB page/event?

Possibly. Or just another way to get more press. Groups running their own anti groups. but possible. Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

Interesting. You object to unearned gifts of lots of money to people yet support government programs that give people money for doing nothing. So it's a quantity thing? Most lottery winners earn their big payoff by playing for years. Very few if any hit the big jackpot on their first play.

Of course visiting! Im too shy to take my clothes off! Or wear loose things that could fall off... Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

+1 Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

Interesting. You're okay with people having lots of money if they earn it by honestly working, but object to people just given it for doing nothing. Yet support government programs that give people money for doing nothing. So it's a quantity thing? Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

I remember that. The donkengin...

We're all covered here: I'm assuming each of us makes more than $1 a year. Not sure why she carried it to a ten thousandth of a cent though. Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

http://www.newscientist.com/article/mg20627554.800-chimps-reject-unfairness-to-their-fellows.html http://www.southparkstudios.com/clips/267346 Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

My blood might damage your undercarriage... Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

Considering what the national debt was ( which APPALLED me at the time of about 800 Billion) under Carter... I have to say I am VERY SORRY for voting for Ronnie RAY GUN and his Reaganomics AKA VOODOODOO Economics that has lead to 12 TRILLION in debt under his fellow travellers of Bush the 1st and Bush the 2nd. It definitely time to try "and now for something completely different" The thing everyone forgets is when Reagan cut taxes, Congress increased spending. Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.

Heard this from an old timer: "I knew the sport was changing when they started telling us no more drinking during the dirt dives." Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh.