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Debt Jubilee
What a great term. Not one we would have used the past 40 years but i think it’ll fall into popular use now
When you have a class of borrowers who have no hope of repayment. Perhaps you do this to avoid an economic calamity ….
Student Loan Forgiveness is the first one.
…. or to provide economic stimulus during a period of high inflation
Maybe car loans are next
cash giveaways to use for houses to spur that segment of the economy and keep buying votes. the door was opened with GWB, its really an artist's muse now. GG
Lyndon Baines Johnson 1963... "These Negroes, they're getting pretty uppity these days and that's a problem for us since they've got something now they never had before, the political pull to back up their uppityness. Now we've got to do something about this, we've got to give them a little something, just enough to quiet them down, not enough to make a difference... I'll have them n-words voting Democratic for the next two hundred years".
"allegedly"
he also said:
“For so long as man has lived on this earth, poverty has been his curse. On every continent in every age men have sought escape from poverty's oppression."
and by god we are doing all we can to divest ourselves of this privilege. hard, hard times ahead.
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Originally Posted by Tellafriend
yes thats all well and good but what does catturd2 say?
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Originally Posted by sonatineQuote:
Originally Posted by Tellafriend
yes thats all well and good but what does catturd2 say?
you are not typically one to hold it in - say what is on your mind.
For me after being hit by a car that actually totally changed everything for me debt wise, before I has ~60k+ in student loans, probably tons in hospital debts I couldn't pay or didn't, and didn't care. I thought everyone has debt it's normal and didn't care which actually all changed for me after being hit by a car. My debt ratio changed and now live actually debt free, my student loans got discharged and it's been 3 years so they're gone, also my hospital bill from being hit by the car was ~1.5 Million+ when didn't wake up for a month, that bill was a lot. And because Medicaid and disability its gone, had to give some of my lawsuit money to pay the hospital bill but its gone fortunately. All said and done im 44 and now actually debt free it's also why didn't buy a car when i got my money and invested in a house with my folks that made the most sense to me and everyone needs a place to live.
5 years ago or more never imagined being in the situation I am now and totally debt free with a good credit score it's really amazing and a blessing for me
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Originally Posted by garrett
peak PFA here folks.
Is Garrett suggesting the US should get hit by a car so they can get out of debt?
Always ends the same ... Weimar 2.0 will be no different.
Stackin :)
This is very true. If I were you I’d sign up for Elon musks neurolink studies. They are looking for MVA survivors. It’s quite possible that in ten years and being one of the first volunteers you’ll be the most intelligent on this board.Quote:
Originally Posted by garrett
I would definitely do it again if I were you. While some feel the stock market is currently overvalued, there is still long term opportunity to buy a low cost S&P 500 fund like Vanguard to set you up for later in life.Quote:
Originally Posted by garrett
Just don’t make it too obvious and make sure it’s a white guy in a decent car so the odds are they have decent insurance. And as a repeat customer you should be able to negotiate a lower fee with the ambulance chaser you hire to represent you.