Tag Archives: debt

UPDATED NEW QUOTE BY ULDIS SPROGIS 1501!!!

If you liked this evergreen truth blog then read more of them, about 4800 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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A HAPPY ENDURING MALE FEMALE FAMILY LIFE IS QUICKLY BECOMING SCARCE IN THE UNITED STATES!!!

Portrait of a extended happy family standing in the park.

Responsible financial living, a commonly held morality, and good family role models are the most important indicators of a potentially happy lasting two parent marriage.

Financially about half of Americans get some form of welfare money assistance, many college graduates are badly prepared with inadequate job skills and are burdened with great money debt when they graduate, a large percentage of families are living paycheck to paycheck or are in great personal money debt, and often rich offspring used to an easy dependent life know how to spend money but are not financially smart enough to function on a budget and make more than they spend.

Credit cards, inflation and paltry interest on savings accounts discourages savings for a rainy day, and advertising encourages profligate spending making many teeter on the border of bankruptcy during most of their adult lives. They don’t know how to invest in a secure investment which is not a very risky one. In effect, most Americans are ignorant of sound money management principles and don’t know what to do with their money except spend it. Frugal money management which makes a nation prosperous and secure is discouraged in almost every part of society and is not even taught in most schools.

A commonly held morality is very important. Not lying, not stealing, and no adultery are vital to moral family living.  Not only is lying and stealing bad because it breaks the bonding trust between humans but adultery and promiscuity often also leads to divorce and ending of a close mother father bonding relationship. If you can’t trust your spouse in a society which encourages much temptation and promiscuity then no lasting enduring and committed relationship is often possible in your private family sex life.

Good wholesome family male female role models are also necessary because most offspring learn by imitation or observance of how their parents interact. Single mother or single father families on welfare and elsewhere are bad male female family role models and makes it much less probable for offspring to have happy wholesome two parent families themselves. Divorced family life is also a killer of happy family relationships for offspring who don’t understand that a happy marriage can also be for a lifetime between male and female if you put in the right kind of effort.

Offspring from single parent homes and divorced homes are also bad child role models in school and in the neighborhood so not only parent role models are often bad but offspring role models are also frequently bad examples of what happy moral offspring should be. Add to this the almost total absence of wholesome role model families with offspring among celebrities, in soap operas, movies, TV, and videos and there is a dearth of good wholesome media family role models to imitate. Realistically, family life is just not one continuous form of entertainment which society pushes on us but a serious financially, morally responsible lifestyle which fewer and fewer experience first hand and end up imitating later in life.

Is it any wonder that the birth rate is the lowest it has ever been. Family life is an expensive lifestyle which requires much sacrifice of time, effort, and money per offspring which fewer and fewer Americans are willing to commit to. They not only don’t have enough money but often they don’t even have basic relationship and parenting skills necessary to be financially and morally responsible adults and raise financially and morally responsible offspring into adulthood. So a happy long lasting family life is fast becoming relatively scarce in the United States.

Add to this pessimistic family situation an abundance of very bad habits such as addictions to alcohol, drugs, gambling, pornography, promiscuity, profanity, compulsive shopping, etc. and you have a recipe for family and personal chronic dysfunctions. America is a sick society not only health wise with about 50% taking prescription drugs within a 30 day period but also sick financially, morally, politically, and behaviorally. I see no great immediate cure for all the human relationship problems which confront America. America has gotten much worse than just being a fat lazy ignorant society and desperately needs immigrant families willing to work hard and smart and raise responsible moral offspring.

Yes, I am a long duration optimist and see smart moral robot parents and software as human kind’s salvation. But that is not happening any time soon and society will have to descend into further chaos before smart robots or a moral human political tyranny takes over and returns society to some semblance of order and healthy wholesome two parent family living.

You can get cynical and claim that bad family life is the antidote to human overpopulation of the earth. Even though there is some truth to this fact, stable family relationships create social stability which is desirable in any prospering financially and morally sound nation.

If you liked this evergreen truth blog then read more of them, about 4800 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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ABOUT A 5% SPENDING CUT ACROSS THE BOARD IN EVERY GOVERNMENT DEPARTMENT IS A ROAD TO EVENTUALLY STOP OVERSPENDING!!!

A fixed percentage cut for all government departments across the board is the best way to cut government inefficiency and reduce overspending in the budget. My recommendation is to start with about a 5% cut across the board and eventually increase it by another 10%. Politically Congress will probably never allow this to happen but Trump has the right idea on this issue.

If you liked this evergreen truth blog then read more of them, about 4300 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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UPDATED NEW QUOTE BY ULDIS SPROGIS 1042!!!

fotorcreated

If you liked this evergreen truth blog then read more of them, about 4100 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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UPDATED NEW QUOTE BY ULDIS SPROGIS 928!!!

fotorcreated

If you liked this evergreen truth blog then read more of them, about 3900 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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UPDATED NEW QUOTE BY ULDIS SPROGIS 923!!!

fotorcreated

If you liked this evergreen truth blog then read more of them, about 3900 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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UPDATED NEW QUOTE BY ULDIS SPROGIS 922!!!

fotorcreated

If you liked this evergreen truth blog then read more of them, about 3900 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT STATISTICS AND ECONOMIC GROWTH!!!

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Statistics is a statement about the possible correlation between two facts and not a statement of causation or that one fact absolutely causes another. The relationship between two facts may vary in degree based on changing circumstances and the correlation may also be a function of time so that one fact may only significantly affect another many years after its impact.

The correlation between debt and economic growth intuitively and statistically seems to be valid. The more a nation is burdened by debt the less real growth it is capable of.

However, there are many other variables which affect growth such as an increase in the efficiency of infrastructure which promotes growth in the long duration.

Investment in useful technological education skills can also promote eventual greater productivity and economic growth in the long duration.

Decrease in taxes frees up more money to be invested in the economy more efficiently in the long duration because automatic decreases can increase the national debt which does not stimulate growth.

Laws which handicap the growth of small businesses which increase the net income of workers and expand GDP reverse economic growth. These same laws which promote the growth of big business reduces employment of workers thus decreasing net income and resulting in a lower GDP.

A growth in the size of government also decreases a growth in the GDP because government workers are not as productive as private business workers and make the economic growth pie smaller since it is a parasite on the economy.

Business cycles also affect economic growth and during times of recession or depression growth is either slowed down considerably or stopped or it is even reversed in a depression.

An increase in the rate of natural resource usage also increases GDP growth since more goods are produced and sold.

Cheaper energy also stimulates economic growth because more goods are produced more cheaply increasing the net amount of goods in circulation.

Free trade can decrease economic growth because of worldwide competition which causes many workers to go on unemployment or welfare and add to the burden of national debt.

Summarizing the 10 most important intuitive causes of national economic growth they are- laws which promote small businesses, less debt, decrease in government size, decrease in taxes, increase in the use of natural resources, cheaper energy, more efficient infrastructure, more useful technological education, business cycle high, and Fed and bank money investment in the economy from a lending high in the business cycle which unfortunately mostly causes inflation if it is not an investment in small businesses.

No amount of statistical data will verify the correlation of all these 10 variables to economic growth because these variables change and depend on the given point in time that you are talking about which is impossible to correlate accurately or statistically. Statistics just give you rather vague ballpark approximations and they are just a little better than smart intuitive thinking in economics which is still largely intuitive art and not a science which it will never be because there are too many impacting variables.

***Realistically it is debatable whether economic growth is desirable in a finite planet with finite natural resources, especially wilderness, and an ever increasing human population which is threatening the very survival of this precious endangered planet. The real emphasis should be on no inflation very efficient sustainable living and not trying to crazily try and grow indefinitely.

The true goal of all nations should be to function more efficiently with more sustainable living, no inflation or a constant value in money, balancing the budget, and conserving and even expanding wilderness throughout the world.

If you liked this evergreen truth blog then read more of them, about 3300 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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UPDATED NEW QUOTE BY ULDIS SPROGIS 418!!!

FotorCreated

If you liked this evergreen truth blog then read more of them, about 3300 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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UPDATED NEW QUOTE BY ULDIS SPROGIS 278!!!

FotorCreated

If you liked this evergreen truth blog then read more of them, about 3100 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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UPDATED NEW QUOTE BY ULDIS SPROGIS 226!!!

FotorCreated

If you liked this evergreen truth blog then read more of them, about 3000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT BANKRUPTCY*

bankruptcy-stamp-300x199

Bankruptcy: n. a human and/or business which is unable to pay back existing debt in a timely way and being unable to get additional credit

Personal and small business bankruptcies are rather terminal and final but big business has bankruptcies which reorganize the business legally and some historical debt is forgiven so that the business can continue to function with a smaller size or footprint.

National bankruptcy is more serious and can result in worldwide depression if a major country suchas the US collapses financially and becomes insolvent.

 If you liked this evergreen truth blog then read more of them, about 2700 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT REPUDIATION+

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Repudiation: n. refusing to fulfill an agreement and/or an obligation and/or a debt and/or a subset(s)

 

If you refuse to fulfill a promise, agreement, obligation, debt, or subset(s) then you are repudiating it. Mere refusal, denial, or rejection is not repudiation and is an inaccurate use of the word.

 

If you liked this evergreen truth blog then read more of them, about 1800 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT DEBT+

Debt_Ceiling

When an individual or small business has too much debt they either enter very hard financial times or declare bankruptcy and start all over from scratch. When a large business has too much debt they frequently undergo a Chapter 11 reorganization bankruptcy proceeding which forgives some debt and refinances other debt and permits them to function as an ongoing business enterprise though sometimes reduced in size.

When the government has too much debt this sometimes leads to hyperinflation and a collapse of the currency and usually a new currency is instituted with new and usually stronger financial rules are instituted which limit the supply of money pumped into the economy by said government.

Money is still not fleeing the United States government but it may once the debt to GDP ratio is to too high which can result in some dire consequences.

Today with money being an international commodity largely backed by the US dollar and with international competition there is no incentive to balance the budget and be a sound currency since this usually means a higher currency value and becoming less competitive in international trade. 

The international money supply and rules encourage governments to go into ever and ever larger debt which inflates the global currency and causes inflation since governments inflate their currencies vainly hoping that their debt obligations will decrease with time.

Monetary discipline is necessary for a long duration healthy world economy and current profligacy of most governments ensures that a day of reckoning will come with a global depression. Will there be a Chapter 11 reorganization for all the governments in the world and who will be in charge of this reorganization?

What the world desperately needs is a sound inflation free worldwide currency which maintains its value over time. Will the nations of the world agree to this? I strongly doubt it because there is not political unity with similar financial rules which is what is necessary for a worldwide currency to be instituted.

Austerity measures are frequently necessary to repay debt and unfortunately this is not a very popular political alternative for most democracies. A financial crisis is what is needed to stop profligate spending and there may be one just around the corner because free or counterfeit money has its limits in the real world.

 

If you liked this evergreen truth blog then read more of them, about 1300 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT PERSONAL DEBT

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If you are in tremendous credit card debt then chances are that you never learned to budget your money and are an impulsive buyer unable to control your overspending habits. You are not alone. That is the predicament of many Americans and the government is just as irresponsible with money judging by the incredible national debt which it has gone into.

If your credit card debt is from about $40,000 to $100,000 then scaling down your spending habits with the help of financial budgeting is the only way out which means less money spent on eating out, no new car purchases, less spent on clothing, less spent on entertainment, less spent on luxury items, no vacations away from home, and not having more offspring if you have some already. You will just have to change your bad spending habits by prioritizing money and only spending it on the most important necessities in your life.

Google or Bing money budgeting to get advice on how to categorize your expenses and only spend up to the money limit of each category each month. Each month or paycheck you should include money saved for emergencies such as house repairs, appliance repairs, medical expenses, and even some saved for retirement.

If your credit card debt is outrageous or about $200,000 and you are paying about 15% interest on it then you are paying about $2500 dollars a month extra and pissing it away with no benefit to you. That is paying about $30,000 a year or the price of a new luxury car each year. Pay this amount for 10 years and you could afford to pay off a $300,000 house.

What should you do? Bankruptcy is an option and you can talk to an attorney but one way is to stop payment on all the credit cards and negotiate a lower payment schedule with the credit card company. Tell them that you can afford to pay them 7% interest and no more and threaten not to pay them anything if they don’t agree to your terms and mention your outrageous credit card debt amount.

If you succeed then your monthly payment to them will be approximately half the usual amount. If your attempts at negotiation fail then stop payments, rent a safety box at a bank, buy gold bars with the money you save from monthly credit card payments, change your phone number to avoid harassing phone calls from the credit card companies, and wait for court summons from each credit card company. Court summonses may take up to a year to arrive so you will have plenty of time to save and prepare yourself for the legal bullshit.

When you go before a judge then state your outrageous debt amount and tell him you can only pay 7% interest on the loan. Chances are the credit card company will not have any lawyers present but will teleconference via the telephone and agree to your terms. If the credit card company does not agree then some judges may put a lien on your house or maybe even garnish your wages but this is highly unlikely since it is an unsecured loan and legally improbable.

The worse case scenario is that your wages will be garnished and you can then declare bankruptcy and live off a debit card for a few years with the help of your gold savings and even quit your job if you are single to show that you have no earnings during the bankruptcy proceedings.

The credit card companies tried to screw you with high interest rates designed to enslave you for a lifetime. It is time that you say screw you and go through the legal bullshit with conviction that you will come out of your bad situation in better financial health than before. Bad credit is a fact of life for more and more Americans and it is time you learned to budget your money and live off of a debit card for a few years!!!!!!

 

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77 REASONS YOU CAN’T MANAGE YOUR MONEY!!!

daily-money-management

No control over your spending preferences with impulsive buying and not having a budget or knowing basic financial math to assess your spending priorities are the two major reasons why you can’t manage money but there are 77 other ones which you may not be aware of. Here is a link to the Motley Fool blog which appeared in huffingtonpost.com.

http://www.huffingtonpost.com/the-motley-fool/investment-money-tips_b_4814229.html

 

If you liked this evergreen truth blog then read more of them, approximately 600 so far, and one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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4 SHOCKING FACTS WHCH SUGGEST A RADICAL NEED FOR CHANGES IN THIS NATION AND WORLD

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THE EDUCATIONAL SYSTEM IS DYSFUNCTIONAL:

Many and soon most students go or will go through 18 years of brainwashing mindless education and only qualify to work in the simplest of jobs such as a cashier or fast food worker which a robot or computer software can do better.

A liberal arts college education is no longer a guarantee of a good paying job which can support a family. We urgently need CHANGES IN WELFARE LAWS to help the unemployed and destitute armies of humans which will be a fact of life in the 21st century technological era. EDUCATION REFORM which is another of my evergreen books is what we urgently need.

 

THE WORLD ECONOMY HAS TOO MUCH DEBT:

Young adults are motivated to go into debt with school loans and credit cards. With an encouraged social debt philosophy the result is that corporations, many businesses, nations and the entire world economy is on the brink of bankruptcy from too much debt. Capital reserves or a savings account, like a fat reserve in animals for emergency absence of food, which comes in handy for life’s emergencies in society is non existent for many. It is obvious that we have an impractical world financial system which needs radical change and counterfeiting money to pay off tremendous debt will just not work in the long duration.

THE COURT SYSTEM IS BECOMING UNTRUSTWORTHY:

Our court systems are overloaded with criminals and violators and court trials are frequently unjust because the plaintiffs can’t be trusted and the defendants can’t be trusted and the witnesses and “professional” testimony by experts can’t be trusted since so few of them have very good social reputations which is only possible by telling the truth, the whole truth, and nothing but the truth. There is no secular moral code being taught young impressionable minds in elementary school and the result is a relativistic situation ethics environment where lying is justified as long as you can get away with it and it benefits you personally. Our legal system is speedily becoming an untrustworthy sham which can only be cured by teaching the young a 6 point secular moral code in school. Read JUSTICE.

BIODIVERSITY IS BEING SPEEDILY DESTROYED: 

An unjust bias towards economic growth rather than efficiency, financial stability, and limitation in size for national economies is a cancerous growth, using up too much natural resources, polluting the environment too speedily, and destroying biodiversity. The cancerous economies are systematically intruding wilderness real estate and causing a suicidal destruction of a potential healthy gene pool which future civilization will need to correct the present unhealthy domesticated plants and animals which are being consumed for food. The faster the economies of the world grow the faster is biodiversity being destroyed and human civilization will perish sooner rather than later.

 

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LEARN AND TEACH YOUR OFFSPRING ABOUT MONEY, ESPECIALLY IF YOU ARE IN GREAT CREDIT CARD DEBT!!!

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Most parents don’t know how to manage money and are in great debt. Read this blog and it might help your offspring to avoid your financial mistakes.

I am including a link to an excellent blog on how to be wise with money.

http://www.huffingtonpost.com/simple-thrifty-living/5-money-talks-you-should-_b_3438411.html

If you liked this blog read more of them and read one or more of my evergreen books, especially COMMON SENSE.

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3 PRIMARY REASONS YOU ARE IN GREAT DEBT OR WILL BE!!!!!!

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***You are an impulse buyer who doesn’t know the difference between what you NEED and what you WANT impulsively.

If you can do without a purchase for a week, a month, or a year then you DON’T NEED it and you shouldn’t buy it just because you want it that moment.

***You don’t know how to budget your money

You haven’t learned to set spending priorities in your life based on your spending habits. Healthy food, shelter, economical transportation, and education for you and your offspring should be the right order of priorities in your life and everything else is secondary in order of importance. For help in learning how to budget go to BudgetSimple.com or read my evergreen book HOW TO SAVE MONEY.

***You are not setting aside about 10% of your income for emergencies

Many humans don’t have an emergency savings account and when they have emergency car repairs, house repairs, appliance repairs, unemployment, and medical bills they go into debt from which they never escape but the debt gets worse and worse as more emergency payments are added.

CONCLUSION: Stop making impulse purchases, budget your money, and put aside some for a rainy day in a savings account.

http://www.huffingtonpost.com/2013/06/22/george-carlin-stuff_n_3479918.html

http://www.youtube.com/watch?v=sX1ZePcUako

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