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Disciple724
Veteran Poster
Username: Disciple724
Post Number: 223
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, January 20, 2009 - 10:17 am: | 
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The economy, will be the single biggest issue that will effect the Obama Presidency. here he will have to get all of the help he can get.
Unfortunately, I can't see blacks helping much in this area as other than spending our asses of we really don't bring much to the table as a group. Thoughts anyone? |
Cynique
"Cyniquian" Level Poster
Username: Cynique
Post Number: 13376
Registered: 01-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, January 20, 2009 - 11:34 am: |
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Yes, Blacks are the ultimate consumers. As has been joked, the Japanese will make it, the Jews will sell it, and the Blacks will buy it.
IMO, when all is said and done, evolution not resolution will unloose the bonds of this strapped economy. Time, not Man is what brings change. Patience is, indeed, a virtue. |
Disciple724
Veteran Poster
Username: Disciple724
Post Number: 225
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, January 20, 2009 - 01:35 pm: |
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Cynique,
On the contary, that is exactly what I fear the most: Black people that believe "just waiting for change" will resolve proplems. I'm afraid that now that we have reached this milestone, most of us will just "wait and see" what will happen instead of pulling some "weight" to make it happen. All time alone brings is rust. After all, time is but a huge rock revolving around flaming ball.
Life, on the other hand, is about taking purposeful action. The problems we face were not created without purposeful intent or action, nor will the solutions come without it. Humans, the chief guardians of this enormous power must use it effectively and purposefully as even Obama has demonstrated. Still, in general,Blacks in America don't understand this, so too many stand idle in the streets or rot in the prisons and just doing nothing but time. Or waste our tremendous intellects debating meaningless issues like: who's the greatest singers of all time?
Did Martin say: just wait! Things will get better by themselves, or did he talk, walk, and work us into this moment today.Patience is a virtue, when it comes to seeing the result, but becomes a vice (called sloth) when it comes to doing the work.
This economy needs some serious work-- especially when it comes to Blacks educating themselves about economics, which in this capital society dominates even political power. I only hope we finally get serious about this or Obama's Presidency will be just another stain in our history. |
Cynique
"Cyniquian" Level Poster
Username: Cynique
Post Number: 13378
Registered: 01-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, January 20, 2009 - 02:14 pm: |
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Yes, those are very inspirational words, Disciple, worthy of a motivational speaker! But talk is cheap. Undoing what has been done is a difficult task, one that inevitably dengerates into a long exercise in trial and error. In the mean time, things have a way of unraveling on their own because life is a state of flux and events influence how things proceed as much as people do.
Of course, idleness is counter productive, but unless a problem can be correctly identified, it cannot be attacked and since so many factors figure into what is causing a problem, in the time it takes to isolate the trouble, it mutates and corrects itself or spawns another set of dilemmas. And blah, blah, blah.  |
Disciple724
Veteran Poster
Username: Disciple724
Post Number: 226
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, January 20, 2009 - 02:32 pm: |
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On this day while the world is somewaht distracted with the politcal shift that is taking place (understandably so) The Financial system is undergoing a significant shift as we move colser and closer to the nationalization of it.
Obama made reference in his inaugural address to " a nation that favors the prosperous" over the poor. Unfortunatley, its not their poverty that loses them favor, but instead their ignorance.
Can we really expect for the wealthy --whom have learned how to construct a system by which they can exploit--to willingly give this up and share with those whose ignorance they are exploiting?
I don't think so! Instead we must examine how they are stealing our wealth and take measure to stop it.
Wall St and bankers have been stealing all citizen's wealth for decades, but more especially Blacks, who remain in the economic pits despite a great available wealth!
Still, for decades, most Blacks held such a high esteem (worship) of their fair-skinned Masters that they really would rather not know. instead the simple pleasure of driving a car like him, wear his labels on their clothes or bag, and drinking and partying like him was satisfation enough. A condition that I can only liken to a pimp-whore relationship where the latter lives vicariously through the former while giving him all the fruits of their labors.
But Now Obama is President! I wonder how is any of this is going to change? |
Disciple724
Veteran Poster
Username: Disciple724
Post Number: 227
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, January 20, 2009 - 03:02 pm: |
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Cynique,
All due respect, but that is sheer BullSh!t that someone has been feeding you and others for years. Yet since this resolution is one that requires us to do nothing, we take it hook, line, and sinker. Now it has become so familiar that we default to it in kneejerk fashion. Worse, when someone tries to educate us about the issue, we pooh, pooh, them and give them the boy crying wolf treatment while the wolf continue to fleece the sheep.
The current "Big Scam" on wall St. is the Bernie Madoff situation where he scammed $50 billion!. This he was able to do for over 20 years!; despite several warnings by those that pay close attention to these things. most ignored these warnings and pooh, pooh the warners.
Now everyone is "shocked" how such a thing could happen and are wondering why government officials didn't get it! Tough sh!t1 I have only a small measure of sympathy for them and anyone else that fails to inform themselves on these matters; especially when someone goes out of the way to warn them.
Still, you probably think none of this will effect you. Or maybe you think that there is nothing you can do.
You are desparately wrong on both accounts. |
Disciple724
Veteran Poster
Username: Disciple724
Post Number: 228
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, January 20, 2009 - 03:04 pm: |
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BTW,
"life is a state of flux and events influence how things proceed as much as people do.
what kind of events are you speaking about? |
Cynique
"Cyniquian" Level Poster
Username: Cynique
Post Number: 13379
Registered: 01-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, January 20, 2009 - 03:52 pm: |
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Nobody fed me that "stuff", Disciple, it just kinda jumped in my head as I was writing. What I said was fairly simplistic, as opposed to your response which went off on a tangent and didn't address anything I mentioned, the gist of which is that it's hard to undo damage. Damage is a culmination of the events which give rise to instability and instability is synonymous with flux. America is presently in a state of turmoil and TIME will be a factor as this impasse disentangles itself.
I was talking about the present state of the ecomony and you are talking about what poor black folks should do to accumulate wealth. We aren't on the same page. |
Cynique
"Cyniquian" Level Poster
Username: Cynique
Post Number: 13380
Registered: 01-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, January 20, 2009 - 04:02 pm: |
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You also seem to be stunted by hind sight, Disciple, looking back and lamenting about everything that wasn't been done. It's too late for that. The immediate problem has to do with how to survive. After that, how to thrive can be tackled. You can't invest if you don't have assets. America is trying to get back on its feet. I would agree that this should be a learning experience which will enable individuals to be financially prudent in the future. |
Disciple724
Veteran Poster
Username: Disciple724
Post Number: 229
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, January 20, 2009 - 05:23 pm: |
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Cynique,
Wealth is created every time you go out and earn a honest days living. What you do next determines whether or not you retain that wealth or will have it taken away from you; which will go a long way towards determining whether you survive or thrive. The biggest problem is not in failing to create wealth, but failing to retain wealth. here is why:
For decades, bankers and others have learned how to use debt and other schemes to seperate us from that wealth and return us or keep us in a state of poverty ( massive indebtedness is poverty). While allowing us to feel rich on paper. (see Table 1) Being astute in math I could always spot most shams when I saw them.
http://docs.google.com/View?docid=d8qwbhd_5fzhc4kdr
Part of the problem Cyn, is that most of us have become very comfortable with things that do not serve our best interest. Other times we don't believe we deserve better. Lastly, there is always that crowd among us that, having made it,really don't want others to succeed. All of these are barriers to real progress.
I have put together crisis solution that identifies the root causes and solves this problem (a lot simplier than the first one I asked you to veiw) that calls for an Individual Mortgage Account that would allow citizens (Blacks included) to retain more of the wealth that they have earned from labor. Table 2 illustrates the point that I was trying to make.
Since I know you probaly won't want to read the entire plan since it is 9 pages long (including tables) I would like your comments on the results shown in the tables.
The entire plan with explanations, if you decide to read it later.
http;//www.equitelligenceqr.com/Publications/EERP3ab.pdf (main site still in development stage) |
Cynique
"Cyniquian" Level Poster
Username: Cynique
Post Number: 13381
Registered: 01-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, January 20, 2009 - 08:02 pm: |
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There are people who say that there's a difference between having money and being wealthy, Disciple, that wealth is synonymous with power. They claim wealth is accumulated over generations and passed down from parents to their heirs and that the noveau riche are foolishly preoccupied with superficial trappings and just give the appearance of wealth.
And considering what has happened in America, I question the wisdom of investing all of your money, depending on other people and a fluctuating market to make it work for you. I would say that commodities like land, art, gold, and precious jewels, - things with intrinsic value are the way to go.
In any case, high finance is really too complicated for me, babe. At this stage of my life I am not interested in anything other than having a roof over my head, food on my table, and leisure time pursuits. I'm foolish enough to believe that the best things in life are free. |
Disciple724
Veteran Poster
Username: Disciple724
Post Number: 232
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, January 20, 2009 - 10:03 pm: |
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Cyn,
I certainly understand where you are at this stage in your life, so the things that I write are not directed to you specifically--or anyone else for that matter--but just to us as a community in general.
Still, the things that i have written are simply enough for an eleven year old to comprehend with a little effort. Far less complicated than an Edgar Allen Poe (macabre). It revolves around these few simply points.
Do you believe that a person deserves the right to life?
Do you believe that right includes life's neccesities like water, food, or shelter?
Do you believe that if a person labors, that the first fruits of their labor should be directed towards at least securing this items?
That's all the piece that i wrote about about addressed;the right to secure shelter for citizens that worked hard, not go to bankers that have been allowed to fleece them for decades and whose eurberance is largely responsible for this crisis. What so complicated about that.
If we don't all do our part in the economy, Obama will not succeed. |
Cynique
"Cyniquian" Level Poster
Username: Cynique
Post Number: 13384
Registered: 01-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, January 21, 2009 - 12:35 am: |
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OK, Disciple. How can I not agree with somebody whose intentions are so honorable |
Chrishayden
"Cyniquian" Level Poster
Username: Chrishayden
Post Number: 7686
Registered: 03-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, January 21, 2009 - 10:51 am: |
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(There isn't a thing Obama can really do to revive the economy.
The thing that has led to this sorry state of affairs is America turning from a Creditor to a Debtor nation and the rise of competitors for international markets for things only America was exporting after WWII.
He can talk, he can jawbone, he can exort, but short of launching a massive war that destroys America's competitors he is stuck.
That won't stop all the schemes to do it, though. Fasten your seatbelts, kiddies. It's going to be a rough ride.)
If we don't all do our part in the economy, Obama will not succeed.
(This here is a joke. If 800 billion dollars can't turn it around what can a bunch of peons do?
This is another thing I feel is in the offing. The poor people are going to be made to bite the bullet.
If Obama goes along with it, then America deserves what will come of it.
That won't stop 'em from trying, though) |
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