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Topic ClosedGlobal economic crisis: What are the facts?
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timothy leary View Drop Down
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Points: 5319 		Direct Link To This Post Posted: January 06 2011 at 12:53
At 23 I doubt you have ever experienced "crushing debt"
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Equality 7-2521 View Drop Down
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Points: 15784 		Direct Link To This Post Posted: January 06 2011 at 12:53
I misunderstood you on that point. 
"One had to be a Newton to notice that the moon is falling, when everyone sees that it doesn't fall. "
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Epignosis View Drop Down
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Points: 32566 		Direct Link To This Post Posted: January 06 2011 at 12:54
Originally posted by timothy leary timothy leary wrote:

At 23 I doubt you have ever experienced "crushing debt"


I did at 25 (and still do).
https://epignosis.bandcamp.com/album/a-month-of-sundays
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Equality 7-2521 View Drop Down
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Points: 15784 		Direct Link To This Post Posted: January 06 2011 at 12:56
Originally posted by timothy leary timothy leary wrote:

At 23 I doubt you have ever experienced "crushing debt"


And that would have what to do with the discussion at all?

It's actually a very poor assessment since most 23 year olds, fed miraculous fairy tales about the necessity and life changing prospect of a college education, led on by loans given out like candy, are just exiting colleges and universities which charge prices about 1000% higher than what they're worth.

Six years in the higher educational system leaves you in crushing debt.
"One had to be a Newton to notice that the moon is falling, when everyone sees that it doesn't fall. "
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timothy leary View Drop Down
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Points: 5319 		Direct Link To This Post Posted: January 06 2011 at 13:05
I was wrong to say the bit about crushing debt, as I have a son 22 in college right now and can sympathize with a 25 year old with a young family in this day and age, as for paying out on credit debt or "releveraging" as it is known I still say in the short term it will slow down the economy but On the long term it is just the medicine needed
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Negoba View Drop Down
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Points: 5210 		Direct Link To This Post Posted: January 06 2011 at 13:14
I almost went to the Musician's Institute of Technology in LA after college...but it would have been almost $50,000 of loans that I would have no realistic way of paying off.
 
So I acrued even more debt, but at least I'm paying it off. It used to be crushing and now at 38 it's still friggin annoying.
 
As for the dynamics of the incredibly complex system that is the global economy, I don't know that anyone has any full understanding. Certainly some have a much better understanding than me. I'm not sure what has held it together as well as it has over the last years.
You are quite a fine person, and I am very fond of you. But you are only quite a little fellow, in a wide world, after all.
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The T View Drop Down
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Points: 17493 		Direct Link To This Post Posted: January 06 2011 at 14:14
Originally posted by Equality 7-2521 Equality 7-2521 wrote:

Originally posted by Epignosis Epignosis wrote:

Originally posted by timothy leary timothy leary wrote:

You could type two pages and it would not change the fact


Actually, it would.  Pat's good like that.


You should see what happens when i type three pages.

You would be at risk of doing a 360 degree turn and going back to the beginning... Tongue
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Equality 7-2521 View Drop Down
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Points: 15784 		Direct Link To This Post Posted: January 06 2011 at 14:30
I measure my angular changes in radians thank you.
"One had to be a Newton to notice that the moon is falling, when everyone sees that it doesn't fall. "
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