My $200 Vegas Hooker
Quote: MrVNow this is news.
In Las Vegas, sin city, America's own glory hole, where women flock to sell themselves: $200 will only get you a scabby crack whore?
The scabby crack whores are the ones who will sell themselves for $20. ;)
Quote: billryanHow about this for an example. ATT is about $30 a share and pays $2.00 a share. In fifty years, they've never dropped their dividend and usually it goes up another penny or two per year.
$200,000 would buy 6666 shares. The dividends would be $13,333 this year and go up a few bucks each year. That's more than my rent, but doesn't cover my utilities and cable. After twenty years, I have my original investment plus whatever growth the stock has experienced. Historic trends would expect the stock to roughly double so a reasonable expectation would be I will cover my rent while doubling my original investment over that period.
Is it reasonable to expect a house bought today in Las Vegas to double in price in the next twenty years? I don't think so since the average house has experienced zero growth since 2008. Might I be wrong? Of course. But I just might be right, based on all the factors I've already given.
As I've said, this isn't for everyone. I don't criticize anyone for following traditional patterns but I will ask this. If home ownership is such a great thing for the average person, why did the banks need to convince the Federal government to subsidize it so heavily. When I started out, you could deduct all interest from your taxes. Interest on credit cards, on car loans, student loans, interest on almost anything. The government eliminated all of those but left mortgage interest deductible. Why? Is it because they love you and are looking out for you?
Or you put $20k down on a house, save say $600/month (IOW: profit $600/mo). Over 3 years you'll be even on that $20k. Of the remaining $180k you buy 6k shares at $3/ea and make $12k/yr from ATT dividends. After 3 years you'll have made $36k on ATT instead of $40k, so a loss of $4k just on ATT. But then factor in the $600/mo for 36 months is $21,600, for an overall additional profit of $17,600 (over 3 years). Not only are you up an extra $17.6k over those 3 years, but you live in your own house...and down the road once the house is paid off, you'll both own a house AND will be saving rent expense.
Quote: RSOr you put $20k down on a house, save say $600/month (IOW: profit $600/mo). Over 3 years you'll be even on that $20k. Of the remaining $180k you buy 6k shares at $3/ea and make $12k/yr from ATT dividends. After 3 years you'll have made $36k on ATT instead of $40k, so a loss of $4k just on ATT. But then factor in the $600/mo for 36 months is $21,600, for an overall additional profit of $17,600 (over 3 years). Not only are you up an extra $17.6k over those 3 years, but you live in your own house...and down the road once the house is paid off, you'll both own a house AND will be saving rent expense.
Not to mention the tax savings thru deductions. Anyone with income is interested in that aspect, surely.
In Vegas renting an apartment without roommates does not make any sense in any scenario. Rent/cost of asset is hugely in favor of owning. Especially in the case of a veteran who can put 0% down.
Quote: MaxPenQuote: RSOr you put $20k down on a house, save say $600/month (IOW: profit $600/mo). Over 3 years you'll be even on that $20k. Of the remaining $180k you buy 6k shares at $3/ea and make $12k/yr from ATT dividends. After 3 years you'll have made $36k on ATT instead of $40k, so a loss of $4k just on ATT. But then factor in the $600/mo for 36 months is $21,600, for an overall additional profit of $17,600 (over 3 years). Not only are you up an extra $17.6k over those 3 years, but you live in your own house...and down the road once the house is paid off, you'll both own a house AND will be saving rent expense.
Not to mention the tax savings thru deductions. Anyone with income is interested in that aspect, surely.
In Vegas renting an apartment without roommates does not make any sense in any scenario. Rent/cost of asset is hugely in favor of owning. Especially in the case of a veteran who can put 0% down.
Ill tell you of one scenario where renting makes sense. When you're 28 years old, single, and move to vegas from NJ with 58k, play blackjack for a living and dont want to dent your bankroll with a down payment on a house with other miscellaneous costs that Ive mentioned before. Sounds pretty smart to rent instead for a couple of years or more. My only flaw and ill admit, is i havent played as much as I should have, which im having a bit of regret so far so i really need to start cranking out the hours.
From what I read somewhere on the internet as Nathan would say Makes sense since everything in Vegas is marked up pretty high.Quote: MrVNow this is news.
In Las Vegas, sin city, America's own glory hole, where women flock to sell themselves: $200 will only get you a scabby crack whore?
Quote: ZenKinG
Ill tell you of one scenario where renting makes sense. When you're 28 years old, single, and move to vegas from NJ with 58k, play blackjack for a living and dont want to dent your bankroll with a down payment on a house with other miscellaneous costs that Ive mentioned before. Sounds pretty smart to rent instead for a couple of years or more. My only flaw and ill admit, is i havent played as much as I should have, which im having a bit of regret so far so i really need to start cranking out the hours.
I would agree with that.
But the veteran that can get a no money out of pocket loan at historical decades low interest rates is wasting opportunity. There isn't a decent apartment in this town for less than $1000 a month. You can pickup numerous 2 and 3 bedroom condos even in gated communities for 200K and less. These places typically rent for $1400-$1600 month. Principal, interest, taxes and insurance would barely break a $1000 plus depending on income bracket you get tax savings as well.
billryan seems to be in a very high income bracket with all his investments, businesses, and what not. It makes no sense that he is renting an apartment but for some reason he is acting like anyone who owns is foolish. Las Vegas is not San Francisco or NYC. I'd also really like a hint on how to qualify for VA health insurance with a hint of any kind of substantial income. That's a real hat trick. Maybe I need to bribe the VA with some $1 ribeyes or something.
What I want, as a sixty year old is different than others. Lots of factors involved- Tax deductions are meaningless for me. Have more than enough already. Not do I have any intention of living in the same place for the next twenty years. I'm certain that I'd feel different if I were thirty.
If renting costs me a few dollars over the next few years, and my math tells me it doesn't, the ease and convenience are well worth it. My family is currently trying to sell my Aunts house on Long Island. It started off at $799 and I think it's at 750 now without a nibble. Meanwhile it's nut is about $2500 a month.
I don't know why max is trying to put words in my mouth. I never said anyone with a mortgage is foolish. Perhaps his lack of faith in his own arguments forces him to.
He also doesn't seem to understand that income investment is taxed very differently than earned income.
He's also right that Vegas isn't NYC or LA. Those places have great investment potential, Vegas not so much.
Using my metrics, Vegas has had about five good years in the last forty. NY has had thirty.
I'm not at all surprised he can't negotiate the maze that is the VA. Then again, I'm not sure why he makes any of the assumptions he does.
I promised a friend I'd try not to fight with Max, so I will stop now.
There is a school of thought that says avoiding debt is bad. There is another that says debt is good.
Many wildly successful people come down on both sides. At the other end of the spectrum, we don't find many non debt believers in bankruptcy court.
Quote: billryanThose scenarios are all great, and can work fine for some people. Then I look at houses in the market, find them overpriced by twenty percent and many houses on the market well in excess of sixty days. Then I look at the thousands of vacant houses not even on the market and remember that there are still tens of thousands of 15 year interest only, balloon payments that are coming due.
What I want, as a sixty year old is different than others. Lots of factors involved- Tax deductions are meaningless for me. Have more than enough already. Not do I have any intention of living in the same place for the next twenty years. I'm certain that I'd feel different if I were thirty.
If renting costs me a few dollars over the next few years, and my math tells me it doesn't, the ease and convenience are well worth it. My family is currently trying to sell my Aunts house on Long Island. It started off at $799 and I think it's at 750 now without a nibble. Meanwhile it's nut is about $2500 a month.
I don't know why max is trying to put words in my mouth. I never said anyone with a mortgage is foolish. Perhaps his lack of faith in his own arguments forces him to.
He also doesn't seem to understand that income investment is taxed very differently than earned income.
He's also right that Vegas isn't NYC or LA. Those places have great investment potential, Vegas not so much.
Using my metrics, Vegas has had about five good years in the last forty. NY has had thirty.
I'm not at all surprised he can't negotiate the maze that is the VA. Then again, I'm not sure why he makes any of the assumptions he does.
I promised a friend I'd try not to fight with Max, so I will stop now.
There is a school of thought that says avoiding debt is bad. There is another that says debt is good.
Many wildly successful people come down on both sides. At the other end of the spectrum, we don't find many non debt believers in bankruptcy court.
While I am no expert, by any means, I definitely know the differences between earned income, self-employed income, and capital gains (both short and long term). The stuff is definitely not rocket science. Although I highly recommend hiring someone who understands the nuances to keep oneself from making costly mistakes.
As far as the VA goes, they have a pretty simple albeit convoluted eligibility outline. However, I did speak with a specialist on the matter and came away with a pretty good understanding of the system and its requirements. Unfortunately, I know enough to spot a BSer. I will not argue with you if you promised someone that you wouldn't. Not really sure what that's about. I definitely don't want you to stroke out again or anything.
Plenty others have already called you out on your nonsense. I have plenty of faith in my arguments and my judgement has served me quite well throughout my life. I'm done and will put this matter to rest.
If you had any genuine interest in my health coverage, or needed help, a simple PM would have gotten you whatever you wanted. As would a simple conversation next time we are together.
Quote: onenickelmiracleFrom what I read somewhere on the internet as Nathan would say Makes sense since everything in Vegas is marked up pretty high.
I don't think this is the case. Las Vegas is a very affordable place to live. Housing may be a little higher than average but everything else is pretty cheap. And don't forget that we have no state income tax so that saves a lot of people $3,000 to $10,000 a year.
I was recently looking at moving to the Miami area and housing there costs a lot. My current house and lot would be much more than a $1 million dollars to buy there in a similar neighborhood to mine. I live in a normal middle class neighborhood in Las Vegas.
Quote: DRichI don't think this is the case. Las Vegas is a very affordable place to live. Housing may be a little higher than average but everything else is pretty cheap. And don't forget that we have no state income tax so that saves a lot of people $3,000 to $10,000 a year.
I was recently looking at moving to the Miami area and housing there costs a lot. My current house and lot would be much more than a $1 million dollars to buy there in a similar neighborhood to mine. I live in a normal middle class neighborhood in Las Vegas.
What would you say are the most 'bang for buck' housing neighborhoods in Vegas in terms of safety, nice neighborhood, housing prices, as well as quality of houses? Spring Valley? Green Valley/Henderson? Northwest? I believe in terms of best everything, Summerlin might be the clear winner, but it sure is expensive in that area.
Quote: ZenKinGWhat would you say are the most 'bang for buck' housing neighborhoods in Vegas in terms of safety, nice neighborhood, housing prices, as well as quality of houses? Spring Valley? Green Valley/Henderson? Northwest? I believe in terms of best everything, Summerlin might be the clear winner, but it sure is expensive in that area.
I can't answer that. When I moved to Las Vegas Green Valley was the new up and coming neighborhood and I have lived there for 25 years. Today I would guess Summerlin is nicer but you will pay a premium for it.
Like anything, each person has their own considerations and have to apply a cost benefit analysis to it.
Quote: ZenKinGMy only flaw and ill admit, is i havent played as much as I should have, which im having a bit of regret so far so i really need to start cranking out the hours.
You know yourself better than anyone, or at least I hope so. But in my experience, people don't get more motivated in the counting business as times goes by, especially if you start losing stores. Lets not forget all the bad changes that can happen. I would venture to say that however many hours you put in your first year here in Vegas while counting will be the same or fewer going forward. Perhaps you will be a little more motivated if you see your BR being depleted from expenses and whatnot, and then rush out to get in more hours. However, once you build you BR back up you will find yourself putting in fewer(or is less?) hours again.
I would ask yourself if that's kinda what you do. If so, you should figure out a way to change it. At age 29 and being fairly new to Vegas seems too early for you to be slaking off.
I noticed you said something about waiting 5 years to purchase. If you can swing it now, I wouldn't wait, who knows where Vegas prices will be by then. Lets not forget, you can get rent out a room and have a little more control over the situation.Quote: ZenKinGWhat would you say are the most 'bang for buck' housing neighborhoods in Vegas in terms of safety, nice neighborhood, housing prices, as well as quality of houses? Spring Valley? Green Valley/Henderson? Northwest? I believe in terms of best everything, Summerlin might be the clear winner, but it sure is expensive in that area.
Imagine if you would have bought something when you first got into town?
Perhaps owning a place and wanting to keep it might motivate you to put in more hours and look into other opportunities.
I pay $1200 renting. I could get it down under $1,000 a month if I bought a place. Saving $200 a month. $6 a day. To me, it's six dollars well spent. Peace of mind. Others here disagree. They'd rather spend that $6 a day on Starbucks, or White Castle. I'd rather not tie my self down in a long term relationship with a place. Fifteen years ago, Green Valley was the hot neighborhood. Now it not. Who is to say if East Vegas spreads south or will Green Valley stretch north.
I'd have bought a place downtown five years ago. Todays prices don't make sense for me to buy in. Someone, in other circumstances will disagree and evidently some people think not buying something is proof of some fantastic conspiracy or something.
Quote: AxelWolfI noticed you said something about waiting 5 years to purchase. If you can swing it now, I wouldn't wait, who knows where Vegas prices will be by then. Lets not forget, you can get rent out a room and have a little more control over the situation.
Imagine if you would have bought something when you first got into town?
Perhaps owning a place and wanting to keep it might motivate you to put in more hours and look into other opportunities.
What in Vegas's recent property values cycles gives you any confidence that something bought today will be worth more in five years? I'd call it about 50-50, especially on the lower end of the market- Condos and such under 200K.
IF anyone cares to comparison shop, go to eros.com, compare Vegas against other cities. Of course, you need to compare apples to apples, need to subjectively compare women on hotness, similar hair color, breast size, race, age, etc.Quote: DRichI don't think this is the case. Las Vegas is a very affordable place to live. Housing may be a little higher than average but everything else is pretty cheap. And don't forget that we have no state income tax so that saves a lot of people $3,000 to $10,000 a year.
I was recently looking at moving to the Miami area and housing there costs a lot. My current house and lot would be much more than a $1 million dollars to buy there in a similar neighborhood to mine. I live in a normal middle class neighborhood in Las Vegas.
It was also selected as the #1 city for people to retire to.
www.newswire.com/news/henderson-nv-ranks-the-1-city-in-the-usa-for-retiring-by-smartassets-20705179
There are almost 3800 restaurants within 15 miles of my house, with a new one opening daily.
Quote: billryanHenderson was recently voted one of the top Fifty Places to live in the country. It had the largest population of any place on the list so one could say its the best small city in the country.
It was also selected as the #1 city for people to retire to.
www.newswire.com/news/henderson-nv-ranks-the-1-city-in-the-usa-for-retiring-by-smartassets-20705179
There are almost 3800 restaurants within 15 miles of my house, with a new one opening daily.
I feel like Henderson has been one of the top places to live for like 20+ years now... Seems like I've been hearing about it for at least that long! I'd move to Nevada but I don't think the wife would be into it....
I have nothing to go on other than a gut feeling. However, we do know it's at least affordable here FOR NOW. I would assume he would have to get a condo under 150k. I have not looked at prices in a while, so I'm not sure what that would get you nowadays, but I'm fairly certain he could get something very suitable in a fair location that has 2 bedrooms and 2 bathrooms. He could always upgrade later if he was doing well and he felt it was necessary.Quote: billryanWhat in Vegas's recent property values cycles gives you any confidence that something bought today will be worth more in five years? I'd call it about 50-50, especially on the lower end of the market- Condos and such under 200K.
I just can't see how its a bad thing for him to purchase something now if he can swing it and still afford to play what he is playing now.
Can I ask where you live now? IMO, DON'T, unless you have a good reason to live in Vegas. The desert sucks ass.Quote: TigerWuI feel like Henderson has been one of the top places to live for like 20+ years now... Seems like I've been hearing about it for at least that long! I'd move to Nevada but I don't think the wife would be into it....
This happened the weekend after Memorial Day weekend in 2014.
During that trip to Vegas, I had ceased my play for the trip and was just hanging out shooting the breeze, as I am wont to do, with the hotel/casino staff that I have become friendly with over the years. Feeling some pangs of hunger, I made my way over to Five50 Pizza (yummy) to grab a couple of slices before heading to the airport. On my way walking there a tall, curvy woman with glasses said hello to me. Not thinking anything of it, I said hello and went forward on my quest for pizza. After scarfing down the slices, I wandered around and sat down at a penny slot machine just to pass the time.
Lo and behold, who comes walking by again but the curvy girl in glasses. She proceeds to say hello again and takes a seat at the slot machine next to mine. She immediately chats me up (I know where this is going as 99.9% of the women out there are not just sitting down to chat with me). About 2 minutes into the ‘conversation’, she asks if I am staying at the Aria. I reply in the affirmative and she then asks if the rooms are nice…can we all see where this is going? I said “yes, very nice but I’m all checked out already”. With an answer for everything, she replies “well, I am sure a high roller like you could get access to any room you wanted”. Well, considering I have $20 in a penny slot machine, I am not sure why she would think I was high roller other than to stroke my ego.
I said, “unfortunately, I don’t have that kind of juice”. She said, “oh well, we could’ve had a lot of fun touring the room”, stood up to go, winked at me and was gone in a flash.
I arrived home and, fresh off my insane Memorial Day loss, decided to head to AC that weekend to attempt to recoup some of said losses.
So, on that Saturday night, about 11:30pm, I had passed a tall, curvy woman with glasses who I swore I recognized…
We smiled as we passed one another but that was it for the moment
About 20 minutes later I Was talking to a roulette dealer I am friendly with and she happened to walk by again
I stopped her and told her she looked very familiar to me
She looked at me quizzically as a lightbulb went off above my head
I asked her if she happened to be at the Aria in Las Vegas over Memorial Day weekend
She said “Yes, I live in Vegas but I’m here on vacation…are you here alone?”
It all started coming back to me now – so I told her I was indeed alone
She then said, “We should fix that.”
I then laughingly stated, “You know, you used the exact same sales pitch on me in Vegas”
She then leaned in and asked me if I had taken her up on the offer last time
I said “No, I did not’
And she replied, right on cue “Don’t make the same mistake twice”
I laughed and wished her a good evening…
I wouldn't but it appears I am in the minority here.
Quote: onenickelmiraclePut some pillows under her butt on the edge of the bed, have her put her legs straight up in the air, preferably twisting them over her head as far as they go.
I ignore a lot of your edgy stuff, but this is way past PG imagery. Warning. You said before you've been drunk-posting - you might want to rethink that. Thanks.
I'm sober. Just trying to save the guys reading this from feeling like a pencil in a coffee cup for $200.Quote: beachbumbabsI ignore a lot of your edgy stuff, but this is way past PG imagery. Warning. You said before you've been drunk-posting - you might want to rethink that. Thanks.
Quote: onenickelmiracleI'm sober. Just trying to save the guys reading this from feeling like a pencil in a coffee cup for $200.
Hahahahaha! Okay...
No
Not yet
Still laughing, dammit.
Phew. Got it.
Quote: onenickelmiracleI'm sober. Just trying to save the guys reading this from feeling like a pencil in a coffee cup for $200.
Quote: billryanProblem with ZK is he has 60K cash and no paper source of income. He'd have to use about half his BR between down payment, closing cost and furniture and fixings.
I wouldn't but it appears I am in the minority here.
I never said I plan on buying now, but instead in 5 years. I also dont have 60k, i have 51.5k liquid, no debt, and a car thats paid off thats probably worth around 7500 maybe less now due to depreciation. Last thing im doing is putting a 25k down payment on a house and having only 25k as a bankroll, just doesnt make sense. If i can get to 100-150k it might make a bit more sense but for that to happen I need to stop being so paranoid and scared to lose my bankroll and actually put the hours in. Ive only played around 450 hours and made around 19k since I got here but with a -1600 loss in calfornia my net win is around 17.5k. I did take about 4 months off due to travel back home for the holidays and another hobby I have which is competitive video gaming.
But what do hookers on the rooftops cost? Do they take ribeyes, and how much do you get in value for each ribeye?Quote: ZenKinGI never said I plan on buying now, but instead in 5 years. I also dont have 60k, i have 51.5k liquid, no debt, and a car thats paid off thats probably worth around 7500 maybe less now due to depreciation. Last thing im doing is putting a 25k down payment on a house and having only 25k as a bankroll, just doesnt make sense. If i can get to 100-150k it might make a bit more sense but for that to happen I need to stop being so paranoid and scared to lose my bankroll and actually put the hours in. Ive only played around 450 hours and made around 19k since I got here but with a -1600 loss in calfornia my net win is around 17.5k. I did take about 4 months off due to travel back home for the holidays and another hobby I have which is competitive video gaming.
Quote: AxelWolfCan I ask where you live now? IMO, DON'T, unless you have a good reason to live in Vegas. The desert sucks ass.
Oklahoma.
So... at worst I think it would be a lateral promotion.
Quote: ZenKinGI did take about 4 months off due to travel back home for the holidays and another hobby I have which is competitive video gaming.
Edit to “And another LEAK I have which is competitive video gaming”
When I was in college I wasted wayyyy too much time on the Dota and Dota 2 grind. Drop the controller and get back on the grind or your gona regret it when every table is 6-5/csm.
If you keep making posts like this everyone on the forum is going to think you are a normal level headed guy.Quote: ZenKinGI never said I plan on buying now, but instead in 5 years. I also dont have 60k, i have 51.5k liquid, no debt, and a car thats paid off thats probably worth around 7500 maybe less now due to depreciation. Last thing im doing is putting a 25k down payment on a house and having only 25k as a bankroll, just doesnt make sense. If i can get to 100-150k it might make a bit more sense but for that to happen I need to stop being so paranoid and scared to lose my bankroll and actually put the hours in. Ive only played around 450 hours and made around 19k since I got here but with a -1600 loss in calfornia my net win is around 17.5k. I did take about 4 months off due to travel back home for the holidays and another hobby I have which is competitive video gaming.
------------------------------------------------------------------------
No, I was not saying you should put down half your BR if that's what would be required of you.
I was saying IF there was a way for you to buy now without putting too much of a strain on your BR then you should.
I have seen a few descent 2 bed 2 bath condos in fair neighborhoods for under 115k I was shocked how nice they were for that price (some seem to be pending sales) I think they are bargains right now.
You could keep the cash hidden and be fine. Repeat every 7 years or however long it takes to reset.
Quote: FinsRuleSince you don’t care about credit, you should get the max credit you can and a mortgage and just grab all the cash and get foreclosed on.
You could keep the cash hidden and be fine. Repeat every 7 years or however long it takes to reset.
That sounds like it's illegal somehow, regardless of whether or not you care about credit....
If you don't want to touch your bankroll ask mom and dad to either give or loan you the money; if they're nervous about it offer to put them on the deed as co-owners with you.
Ka-ching!
Quote: TigerWuThat sounds like it's illegal somehow, regardless of whether or not you care about credit....
Not illegal. Highly unethical. You could get wages garnished. But if you’re just playing BJ, then nothing to worry about.
Quote: FinsRuleIt would be tricky.
It's illegal to hide assets from creditors in a bankruptcy procedure, not to mention all the forms you would be swearing to.
Lax enforcement will probably let you get away with it, but it's still illegal as well as immoral.
Quote: rxwineIs there some hurry to buy a house? Just wait for the next recession.
Winnah Winnah , Chicken Dinner.
Quote: rxwineIs there some hurry to buy a house? Just wait for the next recession.
No there isnt, I never said I plan to buy a house now, but everyone started trying to recommend me to buy other than bill. My plan is around 35, like everyones should be. Theres way too many drone kids buying a house too early from 25-30 all from social pressure and misinformation from their parents. Not only has the economy and housing market changed since the time of their parents, its only going to get worse from here as the credit and handout mindset in place keeps spreading. No one knows the true value of money or how a economy truly grows.
I also cant stand the drones who always just repeat the same old hashed out saying without knowing what it means by simply saying, "The 'economy' is bad', "Yeah times are tough because of the 'economy'. The amount of times I hear drones in public say something about the 'economy' and the 'economy' this and the 'economy' that without even understanding what that even means makes me go insane. They have no understanding what that even means by proof of their maxed out credit cards, 200k in debt and hundreds of handouts they receive on the daily. They simply dont value this 'ecomomy' or have the slightest clue why the 'economy' is what it is right now or how an 'economy' truly grows.
Spoiler alert: An economy never becomes prosperous through handouts and an inflationary credit system with tens of trillions in debt. All that does is create a manufactured recession every 10-20 years to keep the hamster wheel running, rinse and repeat. It also will never function with socialism so all the idiot droned out socialst fanboys out there, you are part of the problem why this country has gone to hell. Our school system is now even one of the worst in the world and proof of that is the drones out there today. This country is living in a massive illusion at the moment with deluded citizens and its really only a matter of time until it hitd the fan. Just waiting on the foreign investors to finally pull the plug. Until then, this is far from a 'great' country.
Quote: ZenKinGThis country is living in a massive lie at the moment and its really only a matter of time it blows up. Just waiting on the foreign investors to finally pull the plug. Until then, this country is living in a massive illusion of wealth and being a 'great' country.
Quote: ZenKinG
Spoiler alert: An economy never becomes prosperous through handouts and an inflationary credit system with tens of trillions in debt. All that does is create a manufactured recession every 10-20 years to keep the hamster wheel running, rinse and repeat. It also will never function with socialism so all the idiot droned out socialst fanboys out there, you are part of the problem why this country has gone to hell. Our school system is now even one of the worst in the world and proof of that is the drones out there today. This country is living in a massive illusion at the moment with deluded citizens and its really only a matter of time until it hitd the fan. Just waiting on the foreign investors to finally pull the plug. Until then, this is far from a 'great' country.
I didn’t make you for an Austrian.
“Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.” - von Mises
Quote: ZenKinGJust waiting on the foreign investors to finally pull the plug. Until then, this is far from a 'great' country.
Foreign investors pulling the plug would be terrible for our country.
Quote: TigerWuForeign investors pulling the plug would be terrible for our country.
That's a good point actually. Risk of Ruin would be very high... Gotta keep those foreign investors happy.
I still recall that fearless leader Trump mention that he was going to restrict foreign trade ;)... All part of his make America great again strategy.
And the great wall of Mexico.. to be built by Mexico.
I'm surprised those investors haven't pulled the plug already.
