http://www.getrichslowly.org/blog/2009/08/12/4b-one-key-to-wealth/
How a Haircut Led to a Handy Acronym
Wednesday, 12th August 2009 (by J.D.)
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I came up with a set of questions that I felt would help me really think through purchases – beyond the want or need aspect.
{Extraneous Deleted}
… but finally I came up with an easy to remember acronym…WEALTH.
* Want or need?
* Ego?
* Add-ons?
* Lifestyle?
* Time?
* Happiness?
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Great contribution!
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Leave a Comment » | 
INITIALISMS | Tagged: Economics, Education | 
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Posted by reinkefj
http://www.lewrockwell.com/north/north742.html
Pink Slip Nation
by Gary North
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The re-sets will not be re-set. The lenders will face walkaways. Not that many home owners have enough savvy to keep paying on the mortgages, on the assumption that the lenders will not foreclose.
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There’s a pearl of wisdom in here.
In an ARM (adjustable rate mortgage), there are times when the interest rate “resets”. Goes higher from the “teaser rate”.
Here’s the gem.
Just ignore the reset.
The bank can’t afford to foreclose. It can’t afford to renegotiate. It’s “hung”.
Payers should just keep paying based on their old schedule. There may be idle threats from the bank. (The smaller your bank the better.)
When does the chicken come home to roost?
I’m not so sure. When this trouble works itself out, interest rates may be lower and the ARM resets back down? When the bank eventually gets shut down and acquired by a bigger bank? When the Ponzi scheme runs out?
When it does go to foreclosure, the homeowner will have a valid argument: precedent. The bank kept cashing my checks, didn’t foreclose, so it — remember my law degree is from the Judge Judy school of law — has accepted a modification!
Very cute! No?
Just ignore the big bad wolf cause he can’t blow very hard!
This may be wrong, but I’m not so sure. I think it’s a very very savvy move. And, costs the homeowner nothing to try.
Comments?
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Leave a Comment » | MONEY | Tagged: Common Sense, Economics | Permalink
Posted by reinkefj
http://www.parojo.com/news/content/DR_DOOLITTLE_CLOSED_08-09-09_ITFAOKI_v45.39864d3.html
Pet store shut over sales-tax nonpayment
01:00 AM EDT on Sunday, August 9, 2009
By Alex Kuffner
Journal Staff Writer
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He went to the Division of Taxation in Providence on July 30 to deliver a check for $4,500 — all the money he had on hand. He asked if he could keep the pet shop on Newport Avenue open long enough to liquidate by selling off the animals. The tax representative said no.
The next day, he returned to file tax forms that were overdue. A representative told him that if he paid another $10,000, he would be allowed to reopen. He said he didn’t have the money. He asked what would happen if he defied the order and was told he could be fined and imprisoned. He left the office in tears, escorted out by a supervisor.
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Make no mistake about it, the gooferment is a criminal gang. Heartless and money hungry. And, dont stand in their way.
In a perverse sort of a way, they are doing the fellow a favor forcing him out of business. A money losing business.
But, force leads to force.
In this case, it’s wasy to see the guns of government.
Aren’t you ashamed at what is done in your name?
I am.
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Leave a Comment » | Political | Tagged: Corporate Tax, economic freedom, Economics, Gooferment, Tax Revolt | Permalink
Posted by reinkefj
Australia: Billions wasted in national health care system
The Australian [Australia]
“Australia is wasting much of the $94 billion it spends each year on health services and will not be able to afford even the current, flawed system without major reforms. The Prime Minister’s National Health and Hospital Reform Commission will publicly release more than 120 recommendations in Canberra today, handing the government a blueprint for change, but allowing for ‘long-term’ implementation that pushes the most politically sensitive reforms beyond the next election. Among its recommendations will be taking responsibility for some health services away from the states and giving it to the commonwealth.” (07/27/09)
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Argh! And we are going to volunteer for this nonsense.
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Leave a Comment » | Political | Tagged: Economics, Gooferment, Health Care | Permalink
Posted by reinkefj
http://www.cato-at-liberty.org/2009/08/07/flood-insurance-mend-it-or-end-it-but-dont-just-extend-it/
Flood Insurance: Mend It or End It, But Don’t Just Extend It
Posted by Mark A. Calabria
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Before leaving for the August recess, the House of Representatives passed a bill (HR3139) to extend the authority for the National Flood Insurance Program (NFIP) until March 2010. The program was set to expire on Oct. 1, 2009. The bill now goes to the Senate. Instead of taking up HR3139, the Senate should insist on real reforms to the NFIP, rather then a blanket extension.
Since Hurricane Katrina, the NFIP has operated under a deficit of close to $17 billion, which had to be borrowed from the Treasury in order to pay claims. Under the NFIP’s current structure, it cannot even make the interest payments on its borrowing; these losses will ultimately hit the taxpayer.
*** and ***
In one instance, a house in Houston this is valued at around $100,000 received over $800,000 in flood insurance claims over a 20-year period, before it was finally destroyed.
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At the very least, we, te taxpayer, should only be forced to insure something once.
And, what exactly is the gooferment doing in the “insurance business” any way?
Argh!
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Leave a Comment » | Ranting | Tagged: Economics, FRAUD, Gooferment | Permalink
Posted by reinkefj
http://apnews.myway.com/article/20090801/D99Q3N5G1.html
Popularity, Web snafus nearly broke ‘clunkers’
Aug 1, 8:56 AM (ET)
By DAN STRUMPF
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Far more drivers signed up for the “cash for clunkers” program than anyone thought, overwhelming showrooms, blowing through the initial $1 billion set aside by Congress and leaving dealers panicked over when or if the government would make good on the hefty rebates.
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Sure steal from the taxpayer to give money to car dealers?
No wonder the program is a success.
Like a bank robber giving out free samples.
And, there folks want to run health care?
It’s like everyone had gone nuts. Financial restraint, fiscal discipline, out the window. It’s like a Frat Party on the taxpayer’s dime.
One website pointed out that (1) these are future sales brought forward. (2) the “clunkers” are the cars that poor people would have bought used.
So like Basat said, (paraphrasing) we can’t see the hidden costs.
Politicians and bureaucrats are stupid. And, I ain’t buying them a beer. And, for sure, I’m not drinking with them!
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Leave a Comment » | SOCIALISM | Tagged: Bailouts, Economics, Obama, SOCIALISM, Tax Revolt, Welfare | Permalink
Posted by reinkefj
http://www.lewrockwell.com/dilorenzo/dilorenzo175.html
Socialized Healthcare vs. the Laws of Economics
by Thomas J. DiLorenzo
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In the UK as well – thanks to nationalization, price controls, and government rationing of healthcare – thousands of people die needlessly every year because of shortages of kidney dialysis machines, pediatric intensive care units, pacemakers, and even x-ray machines. This is America’s future, if “ObamaCare” becomes a reality.
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Seems to me like this is the essence of Obama-care. Just like Hillary-care. National socialism. And just wrong!
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Leave a Comment » | GOVEROTRAGEOUS | Tagged: Economics, Gooferment, Health Care, SOCIALISM | Permalink
Posted by reinkefj
http://thedailybell.com/bellPage.asp?nid=461&fl=
Daily Bell Archive
Issue 360 • Sunday, July 26, 2009
“The smallest minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities.” – Ayn Rand
Peter Schiff explains why he was right about free-markets, why Art Laffer was wrong and whether he will run for Senate
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Daily Bell: Where do you think this central banking approach to economic development is headed? Do you think it will eventually succeed as a global force – generating a global central bank, etc?
Peter Schiff: I think that in the end, central bankers controlling fiat money will prove to be an unworkable and inherently flawed system. Despite the apparent distinction, central bankers are politicians who are more concerned about rosy economic statistics than they are about sound currency. This can only lead to devalued currencies, which sooner or later becomes a major issue. A global central bank would be a disaster.
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It would truly signal the end of the American Empire.
Without the status of the world’s reserve currency, an awful lot of dollar would start looking for a home! They’d come to our shores looking for something to buy. Price inflation would be inevitable. Anything that could be boxed up and shipped home would be bid up. One can see whole productive factories being packed up and shipped lock, stock, and barrel. Labor is cheaper elsewhere. The USA wages would drop like a rock.
We’d suddenly know what it is like to be the tail on someone else’s dog.
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Leave a Comment » | MONEY | Tagged: Economics, FRAUD, Inflation | Permalink
Posted by reinkefj
http://www.nbcdfw.com/news/local/Stimulus-Funds-Give-Texas-Teachers-a-Raise.html
Stimulus Funds Give Texas Teachers a Raise Texas teachers will get $800 raises thanks to stimulus funds
Updated 11:30 AM CDT, Sat, Jul 25, 2009
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Teachers across the state of Texas will soon get raises, thanks to $2 billion in stimulus funds approved by the Department of Education.
Texas teachers are expected to receive a minimum raise of $800.
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Stimulus my ass!
I wuz, we wuz, robbed!
Bet those teachers are all members of the teacher’s union!
This is a payoff to Democratic voters.
And in case the dumb shumck politicians, skipped economics, what will they do next year. All these raises will have to be paid for next year by who? Give yourself a gold star if you answered “the taxpayers of Texas”!
It’s an unfunded mandate.
Just like the minimum wage increase is an increase for government workers and union members.
Sheeple!
How stupid can you be?
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1 Comment | Ranting | Tagged: Economics | Permalink
Posted by reinkefj
Mayo Clinic calls House plan bad medicine
Obama loses support on reform
By Christina Bellantoni (Contact) and Jennifer Haberkorn (Contact)
Originally published 04:45 a.m., July 21, 2009, updated 01:39 p.m., July 21, 2009
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A world-renowned clinic that President Obama held up as an example of good medicine said Monday that the American people would be “losers” under the House’s health care proposal, joining the growing chorus of critics the Obama administration is trying to fend off as the debate intensifies from Capitol Hill to Main Street.
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How many people need to tell the American People that this is a disaster for them to wake up and call their congress critters on the carpet. And it’s not a “red” one they should be on.
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Leave a Comment » | Ranting | Tagged: Economics, Health Care, Obama | Permalink
Posted by reinkefj
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FJohn Reinke
Consultant at Technology Legacies LLC
Advisor, Computer Governance Committee at Manhattan College
Editor / Publisher at Jasper Jottings
Greater New York City Area
JJ Positraction JJ Endnotes Downsize DC
Philosophy of Liberty
I have NOT received any gagged governmental information requests
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