jon_j_rambo Posted January 24, 2008 Share Posted January 24, 2008 Hey folks, gotta love getting a $600+ check from Uncle Sam (Bush)! Think I'll dump some dough on gaming Will help the economy & if your job goes to China, might as well be gaming Hey, interest rates are way down too, time to reload. -Rambo Link to comment Share on other sites More sharing options...
Joshua22 Posted January 24, 2008 Share Posted January 24, 2008 Hubert's gonna love this. Support the economy, buy american games 600 dollars worth, haha. Ofcourse, you'll need a spanking new pc too. Link to comment Share on other sites More sharing options...
jon_j_rambo Posted January 24, 2008 Author Share Posted January 24, 2008 Yes, spend that extra $600, it's your dough. Well, it's God's dough, so don't rob a tithe. Then buy some Battlefront products. Here's the order of how I'll spend my dough: 1) Tithe, buy some KJV books plus something 2) Battlefront game, roughly $50 3) Rambo movie $9 4) Haircut + new bottle of gel 5) Nice dinner for the wife 6) Throw $100 into kid fund 7) Throw $300 into a pennystock, parlay time Link to comment Share on other sites More sharing options...
Timskorn Posted January 24, 2008 Share Posted January 24, 2008 I'm going to pay down a bill with the free money. As most other Americans probably will. I'm just wondering why they don't give us all $2000. It's not like we actually have a budget anymore. $10 trillion in debt, what's another $500 billion? As much as they'd like me to put it back into a business, I need to straighten my own first. But before this gets off topic and moved, I would love to buy a new Battlefront game. Hasn't really been one in awhile though, besides Shock Force. Link to comment Share on other sites More sharing options...
Hyazinth von Strachwitz Posted January 25, 2008 Share Posted January 25, 2008 @ Timskorn: the total amount of debt a state can cope with depends on the Gross domestic product, in other words on the relation of total debt and GDP. Take the Budget of the US and check how many billions a year you guys pay for interest on outstanding debt. We in Germany would be rich but we decided to buy the GDR.. and we have to live with it. Every new debt raises the burden for the next generation, so it is like leaving the problems for you children. Wrong way in my eyes, but not only in the US, it`s wrong in all western democracies. The Chinese have approx 1000 Billion $ foreign currency reserves.. that money is invested in Government Bonds, Municipalities, Mortgages and Covered Bonds and similar stuff.. just imagine what happend if they pull the money out.. the Sub Prime crisis is mild nausea in comparison to that. Link to comment Share on other sites More sharing options...
david12345 Posted January 25, 2008 Share Posted January 25, 2008 Hey Rambo, I tithe as well, but I would think a tax refund would be on money that I have already tithed so I would not have to tithe again on the same money? Link to comment Share on other sites More sharing options...
Timskorn Posted January 25, 2008 Share Posted January 25, 2008 Hyazinth: Yes, and actually I just took a look at the recent GAO report for the US financial situation and it tells a pretty bleak future. From page 23: "By 2040, public debt is projected to be 128 percent of GDP, well above the World War II peak of 109 percent, and by 2080, debt is projected to approach 600 percent of GDP. At some point before the debt reaches such unprecedented levels, the world's financial markets would likely cease lending to the United States." ... "Avoiding the catastrophic consequences of this fiscal path will require action to bring program expenditures in line with available resources. How soon these actions are taken will greatly influence their ultimate impact on the Nation." Link to comment Share on other sites More sharing options...
Hyazinth von Strachwitz Posted January 25, 2008 Share Posted January 25, 2008 @ Timskorn: this is not just a US matter.. we in Europe have the same problems, all major western countries. What will solve the problem in the long run is a currency reform.. that will come sooner or later. We had that twice in Germany, and it is wise to be invested in stones rather than in stocks or bonds. Link to comment Share on other sites More sharing options...
Lars Posted January 25, 2008 Share Posted January 25, 2008 Originally posted by Hyazinth von Strachwitz: The Chinese have approx 1000 Billion $ foreign currency reserves.. that money is invested in Government Bonds, Municipalities, Mortgages and Covered Bonds and similar stuff.. just imagine what happend if they pull the money out.. the Sub Prime crisis is mild nausea in comparison to that. They’d lose their shirts. Would take years to unwind a position that large, you can’t do it overnight. Btw, wouldn’t affect us that much, we already got their money, the bond is just a promise to repay. I don't care who buys them if the Chinese sell. What would hurt is if they quit buying new ones. Link to comment Share on other sites More sharing options...
Hyazinth von Strachwitz Posted January 25, 2008 Share Posted January 25, 2008 @ Lars: I think that`s not the whole story.. if the chinese that selling that stuff, the whole Fixed Income market and all participating banks would collapse.. as well as the whole currency systems. Selling the old ones is virtually the same as quit buying new ones. I`m not quite sure if all politicians are aware of that situation. I work in the Fixed Income Market since 11 years.. just believe me. This market is way quicker than you would ever believe.. it wouldn`t take years to unwind these positions. Link to comment Share on other sites More sharing options...
Lars Posted January 25, 2008 Share Posted January 25, 2008 Well, it would without taking a loss. I don't think the Chinese are that stupid. If you were going to do it, you'd sell slowly to avoid driving the price down. Link to comment Share on other sites More sharing options...
jon_j_rambo Posted January 25, 2008 Author Share Posted January 25, 2008 @David --- Good point Anyhow, it comes down to the heart of the individual. By the way interest rates are really low, you might want to refinance, I locked in my rate two days ago when the market dumped 480 points on open & Berney lowered the rates...took a day to ripple down...already going back up. Far as worrying about China or whoever, nothing I can do about it...I'm just one of the little people. Link to comment Share on other sites More sharing options...
Hyazinth von Strachwitz Posted January 25, 2008 Share Posted January 25, 2008 @ Lars, yes you are right.. given the fact that they don`t want to hurt their position. But keep one thing in mind: they have an enormous instrument to mount pressure.. they can influence the whole financial markets just by spreading the rumors that they need to sell a major stake. Having such huge positions is always a political thing. Remember the collapse of Long-term Capital Management in 1998.. the damage was just a few billions, but all major US Banks were forced to help, otherwise there would have been a turmoil way larger than the current one. The gross position of LTCM was 1.25 trillion $.. so approx. as much as the Chinese have. But LTCM was a hedge fund, so they has longs and shorts (they were playing the game long in Illiquid stuff and short in liquid stuff).. and PBoC just has longs, so their influence is way larger. What I just want to say is: how come these people have 1000 Billion $ as reserves while the whole western world needs to raise more debt just to keep the economy working? In my eyes it`s just damn dangerous! Link to comment Share on other sites More sharing options...
Lars Posted January 25, 2008 Share Posted January 25, 2008 Well, it is. But the Chinese are just as on the hook as everybody else. Crashing the market of their best customer is not exactly smart. Btw, if you want to know what I’m doing with mine, the US government just paid for my two weeks of hotel on the beach in Mexico. Suckers! Link to comment Share on other sites More sharing options...
jon_j_rambo Posted January 25, 2008 Author Share Posted January 25, 2008 @Lars --- What part of San Diego are you going to stay? Link to comment Share on other sites More sharing options...
Lars Posted January 25, 2008 Share Posted January 25, 2008 LOL. Good one. Not going there, water's too dang cold. Isla Holbox is where I'm headed. Link to comment Share on other sites More sharing options...
jon_j_rambo Posted January 25, 2008 Author Share Posted January 25, 2008 I was lame, didn't goto the Midnight opening of Rambo...Anybody see it? Link to comment Share on other sites More sharing options...
arado234 Posted January 25, 2008 Share Posted January 25, 2008 I thnik we could all be missing the big picture.Wars are started over major financial ruin.I sure hope it doesnt come to that. Link to comment Share on other sites More sharing options...
jon_j_rambo Posted January 25, 2008 Author Share Posted January 25, 2008 Doesn't matter, as an individual there's nothing I can do about the Earth's Destiny. The prophesy tells you the world market will collaspe in one day, etc...post-Rapture thankfully Link to comment Share on other sites More sharing options...
Wburn Posted January 26, 2008 Share Posted January 26, 2008 Rambo a bit of an old guy these days of course not the Rambo online. I just can't visualize a white haired guy in his sixties killing off the bad guys. Anyhow, is that 600 dollars taxable? Link to comment Share on other sites More sharing options...
Liam Posted January 26, 2008 Share Posted January 26, 2008 Uhhh, what 600 bucks? Bush, isn't going to give me a new check for that much, this is Mutiny. I've reverted to shoplifting! Yes, I cannot pay my bills so I'm hiking up everyone's prices by the FIVE finger discount. I feel it's not unwarranted, today the store I shoplifted from sold me Botulism Carrots! Yep, the FDA says they're infected with Botulism and to do away with them. SO the next time you goto to your SuperMarket read the News before you go and help yourself. They told me they have to hike up their prices due to five fingered discounts. Yeah right, I heard by the Security Staff they hike up their prices so the Honest Shoppers that come before you pay for the dishonest one behind you! ROFL I'm sorry but when your hardup, you're hardup Link to comment Share on other sites More sharing options...
J P Wagner Posted January 26, 2008 Share Posted January 26, 2008 Considering what I gave in Federal Tax this year, getting a whopping extra 600 dollars back is like giving a leper a manicure....... Link to comment Share on other sites More sharing options...
Desert Dave Posted January 26, 2008 Share Posted January 26, 2008 I've got news for all the Wise Guys. Latest Gov't stats - just in! Xtra! Xtra! Read all about it! There are ~ 200,000 American Veterans, From Viet Nam debacle To Iraq debacle, inclusive, Living on the streets. I ask - where do all of these American Vets Go? To get their $600 bucks? To get minimal health care, for that matter? Yea, I'd like to see 'em livin' it up On some beach somewheres, Big Sur/Carmel is where I'd advise they go So to splash & play in the undulant waves And ogle the scant-clad lovelies, well Let me know. Then, soonest - I'll let them know, Those - American Vets living on the streets, Living outta garbage cans, Living like lepers, like tossed-off trash, There in the rubble Was once - greater Main Street, USA. Hey, you guys - got troubles? lol Link to comment Share on other sites More sharing options...
Kuniworth Posted January 26, 2008 Share Posted January 26, 2008 The sad part is that US wars today is as much about econmy as fighting "the good war". Military spending keeps the US economy rolling, sad but true. Those vets are not only soldiers but also the grease for the economic engine. Link to comment Share on other sites More sharing options...
Timskorn Posted January 26, 2008 Share Posted January 26, 2008 Unfortunately DD, they want to give the money to people that will go buy big screen TV's and trips to Disneyland. Uncle Sam isn't going to give out free money without expecting something in return. In fact, Bush's initial proposal called for $800-$1600 rebates, but it would have excluded about 30 million poor Americans. Link to comment Share on other sites More sharing options...
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