"Maxed Out" ~ Google Video

[A-Unit]

http://video.google.com/videoplay?d...823&start=0&num=10&so=0&type=search&plindex=1

http://video.google.com/videoplay?docid=-4840432044369494646&q=maxed+out&total=7823&start=0&num=10&so=0&type=search&plindex=1

This video covers all aspects of credit and also integrates the current credit crunch going on. When you dig deeper, you can see who credit is the new form of slavery in modern America. By targetting college students, they have tipped their hands to the fact they want to get you the minute you come of age to be caught.

Based on the spending habits of young college students, its very possible that first card will represent a student's permanent ball and chain. Some may learn from their mistakes and learn to use C.C.'s tactfully and strategically. They are not ALL bad. Using them takes knowledge, which then equals power to choose and control.

However, consider their "tactics", their marketing campaigns, and the way they positions themselves as companies. It is certainly not to YOUR benefit. If they ever convey that image, it's only to make you feel warm and fuzzy. And when consider our money is nothing more than the Perception of Belief in its future value to acquire what we want, and that it's artificially created, with interest and taxes built in, you can see where the process of extracting oneself from the MATRIX is a long and arduous one, but is the Sole Purpose of Man.

A-Unit

 

[Francisco d'Anconia]

...This video covers all aspects of credit and also integrates the current credit crunch going on. When you dig deeper, you can see who credit is the new form of slavery in modern America. By targetting college students, they have tipped their hands to the fact they want to get you the minute you come of age to be caught. ...

Good videos but I challenge that credit is form of slavery, the need for immediate gratification is the real slave here. Instead of taking the time to save enough money to buy a particular thing, people with a "I've got to have it now" mentality succumb to the rules of creditors.

Credit cards, mortgages and general loans are just tools with established rules of use. They can easily be used by those who understand and abide by those rules with little consequence if any. But there are those who choose not to learn or abide by those rules and literally have to pay the price for their financial indiscretions. It's seems ironic that the majority of these people are in institutes of higher learning yet few understand how money or the credit system works.

 

[A-Unit]

Re:

I would agree that they are mere tools, but we both logical and emotional creatures, and the fact that college campuses are major targets for credit card companies does not dismiss the fact that they are predatory and are in fact attempting to impose a system of slavery.

Very few people use them as tools, mostly because they are not educated enough to know how to do so.

Another section are people who aren't savy legally to understand the in's and out's of credit and what happens at the disposition of an estate and its debts.

Still more people get stuck with medical bills and debts due to freak accidents. I do have a part of me that is very objectivist, but also from having dealt with people in various fields that deal with money, I know *ish* happens, and to screw someone over so badly because of 1 random, freak accident is inhumane.

People do not know what they do not know. If you've never even heard of using credit as a tool, ever, from anyone, anywhere, how can you even possibly conceptualize that it could be a GOOD thing?

Like I'd stated in posts before, if you can't even fathom that there is a method to this madness of women and picking them up, like the Simp, Wimp, or AFC, then how would you even begin to acknowledge that there's a better way?

Remember, there's 4 levels of learning, and many people are at stage 1: Unsconsciously Incompetent. They haven't even been presented with the idea, so they can't formulate a plan. This is where Education fails in America. It occupies such a huge part of our lives, and has so much control, and so many people are indoctrinated by it, that most people are carbon copies of one another, so even if you went to people around you, you wouldn't know where to begin.

For those who are ENLIGHTENED, we understand at a Consciously Competent Level how to use debt, how, like STR8UP, you can play arbitrage games with borrowing. But what of the person who doesn't even know such a word? Who's fault is it? It's like the baby...who isn't presented something. Even if you're not a baby...you can't fathom what the mind doesn't know as real...

Even know, so many things remain unseen to human beings, simply b/c we can't grasp their existence, so in a way, we can't understand those unknown things. So many concepts I've learned ONCE I found a place like this. I know some people are entirely responsible for their fiscal situation, are 100% to blame for them. But there are other's who aren't, and in this case of corporate lending and banks, I believe they are fault.

THEY invest countless billions trying to find ways to get Americans to borrow more.
THEY invest countless billions lobbying in various directions to shape the lending/borrowing landscape.
THEY have the assets, power, and time invested to direct the course of human action.

I'm not espousing conspiracy here, only that in the scale of life...

Banks > A Divided Human Race, that is largely ignorant.

For everyone HERE, who gets into bad debt, they don't really have an excuse. They know better. At least the possess some knowledge. But I also know our generation has gone soft, and want now what they could get tomorrow. Likewise, they won't work AS hard to get something by cash or pay off debt they shouldn't have taken anyways.


A-unit

 

[Warboss Alex]

damn, I thought it was a max effort squat workout.

-.-

 

[synergy1]

Credit cards, mortgages and general loans are just tools with established rules of use. They can easily be used by those who understand and abide by those rules with little consequence if any. But there are those who choose not to learn or abide by those rules and literally have to pay the price for their financial indiscretions. It's seems ironic that the majority of these people are in institutes of higher learning yet few understand how money or the credit system works.

I had to wait until I hit what I perceived to be rock bottom- in reality it was not the case. At that time, I started educating myself in the ways of the monetary system, basic economics, and in the security markets. Its too bad it took what it took, but now the bigger picture about the entire system is becoming realized one book at a time.

Credit is good in the hands of the learned, disciplined individual. One who can responsibly see their spending through from purchase to paying back in an alloted time will thrive on credit.

 

[Luthor Rex]

It's not the fault of the credit card companies. Credit is just a tool. The problem lies with parents and schools not teaching:

1.) financial self-discipline (or any kind really)

2.) knowledge of finance outside of how to write a check or how to pay a casheer

There's also a general and disturbing lack of wisdom. If things like happiness, financial & emotional independance, the ability to 'deal' with life are someone's goals then not all lifestyle choices are valid.

Tollerance of various ways of life has turned into appeasment and has created a cultural atmosphere of 'know-nothing'.

Education and the wisdom to use it is what's needed... not more government regulations.

I still remember, as a child, watching Ronald Reagan taking the oath of office at his Inaugural Address and saying:

But great as our tax burden is, it has not kept pace with public spending. For decades we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. To continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals.

You and I, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we're not bound by that same limitation? We must act today in order to preserve tomorrow. And let there be no misunderstanding: fukk the government! Yeah you heard me people, FUKK THE GOVERNMENT!!

Ah... good times...

 

[Luthor Rex]

If you've never even heard of using credit as a tool, ever, from anyone, anywhere, how can you even possibly conceptualize that it could be a GOOD thing?

The same way anything new has been invented: use your imagination.

Yeah, I know... thinking is SO HARD for most people.

Tragic.

Stop trying to ruin it for the rest of us.

 

[Francisco d'Anconia]

...
Banks > A Divided Human Race, that is largely ignorant. ...

Don't give banks all of the credit, you might as well add:

• Fast food industry
• Auto industry
• Tobacco industry
• Wine and spirits industry
• Pharmaceutical industry

They all do the exact same thing. Their largest markets are people who enjoy indulgences, rather over indulgence. From a $3 burger ladened in saturated fat to $80k sports cars, the people are marketed to are those who will eat those burgers four or more days a week and will pay a $800 a month car note while their rent is $700 a month.

 

[Rollo Tomassi]

• Wine and spirits industry

They all do the exact same thing. Their largest markets are people who enjoy indulgences, rather over indulgence.

Whatever do you mean?

 

[Francisco d'Anconia]

Whatever do you mean?

Whoops, forgot they we had one of "those guys" in the forum.

I don't want anyone to think that I'm against "big business" specifically Capitalism in it's truest sense (Not how companies such as Enron has bastardized the concept). If there's a market for a product go ahead and sell it for all its worth, it's the purpose of the company. It's the consumer who has the final decision on whether to (over)indulge in the product by the terms stipulated by the company.