Now that you have been "sucked in" to the credit card and re-finance

[bribri16]

arena, Greenspan is about to put the final touches on yet anther trouncing of working Americans by raising again the prime interest rates. With the new bankruptcy law firmly in place and credit card companies free to exercise "usary" with no Congressional bounds, the average working American will not be able to pay off those debts and the banks will own your homes forever.

Your government is a racket!

[wli]

1. not touching debt here

This sort of thing has been escalating for a while, and I've seen debt as a poor decision nowadays. Dollar-denominated savings aren't really worth anything, but I'm not really finding any ways to convert to Euros without very expensive trips out of the country.

[H2O Man]

4. I agree.

I think that it is a time when going in debt is more risky than usual. I've never had a credit card, in large part because I have always had a strong dislike of being in debt. The people at my bank think I'm a giggle because of my "curious" beliefs. A while back, a fellow said, "I used to think your father was the cheapest son of a bitch on earth. He takes a distant second to you."

[wli]

5. I'm pretty bad myself; I've got 44% of my annual salary in savings

I'm really skittish about dollar devaluation and am desperate to get it all into a Euro-denominated, Euro-valued bank account.

[H2O Man]

8. It is impossible

to be confident about the dollar's future. I remember when I was a kid, hearing about Germans using a wheelbarrow of cash for a loaf of bread. I may invest in wheelbarrows.

[SoCalDem]

2. I predict record bankruptcy filings in September

..last chance folks.

[emanymton]

3. Just Follow Government's Lead, Go Deep Deep Into Debt....

spend as much money as you can. Borrow as much from the bank as you can. When the system crashes, who cares? It ain't your money anyway. Walk away and forget all about it.


Bush Lied. People Died. Media Cheered.

[sendero]

6. That's a great strategy..

... if you have absolutely nothing to lose.

[emanymton]

9. Does Anyone Have Anything Left To Lose?

All that was once great and good in USA has been trashed, tarnished and plundered.


Bush Lied. People Died. Media Cheered.

[sendero]

10. Yes, I do...

... I have worked my ass off all my life to build a life for myself and my family.

I'm not quite ready to throw in the towel. I have plenty to lose.

I'm sorry you feel that way, that must be pretty tough to deal with :(

[porphyrian]

7. You didn't want to remain middle class, did you?

I mean, there's only room for about 2% of all Americans in the upper class, and it's so much roomier here in the poor and working classes.