This guy didn't see the housing crash coming that still continues. Why do investors really care what he says anymore? WOW HE IS GOING TO CUT RATES AGAIN!! ITS LIKE CRYING WOLF. GOING TO THE OLD RATE CUT PLAY BOOK BEN??? When will people learn we are just going to have to ride it out. If they keep cutting rates dollar will continue to sink!! This will have a negative affect on gas prices(they will go up). Higher gas prices means higher inflation!! But what do I know.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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I agree with you that more inflation is likely but I understand the reasoning behind the rate cuts too.
I dunno.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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We would not be in this situation if home buyers were not so dumb. The lenders have some blame but people who bought more house then they can afford are more to blame. If people can't educate themselves before purchasing it is their problem. Now the democrats want to bail some of these people out. I say no!! Foreclosures have been around for a long time and people who were losing their homes before the housing boom were because of "REAL" hard times but now that lots of people are affected for speculating congress wants to help!! Its all about politics. The American way of life is to blame. No saving and spend on impulse. We always seem to have to have bigger houses. A 3 bedroom 1200 square foot house just isn't big enough for us anymore!
Posts: 1458 | From: Ohio | Registered: Mar 2004
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I do think that when the economy really goes south that oil will have to come down a ton. But by then its going to take a lot of time to dig our way back out.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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why did the oil co execs lie to congress about whether they were there? and why did congress allow them to testify without being under oath?
hell, Roger Clemens is under investigation over his personal drug use and lying to congress, but oil co's aren't even slapped on the wrist?
In a joint hearing last week of the Senate Energy and Commerce committees, the chief executives of Exxon Mobil Corp., Chevron Corp. and ConocoPhillips said their firms did not participate in the 2001 task force. The president of Shell Oil said his company did not participate "to my knowledge," and the chief of BP America Inc. said he did not know.
Chevron was not named in the White House document, but the Government Accountability Office has found that Chevron was one of several companies that "gave detailed energy policy recommendations" to the task force. In addition, Cheney had a separate meeting with John Browne, BP's chief executive, according to a person familiar with the task force's work; that meeting is not noted in the document. The executives were not under oath when they testified, so they are not vulnerable to charges of perjury; committee Democrats had protested the decision by Commerce Chairman Ted Stevens (R-Alaska) not to swear in the executives. But a person can be fined or imprisoned for up to five years for making "any materially false, fictitious or fraudulent statement or representation" to Congress. http://www.washingtonpost.com/wp-dyn/content/article/2005/11/15/AR2005111501842. html
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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The worst part of this is that the Supreme Court has ruled that this was none of our (the public) business. It will be a long time before we find out what went on in those meetings.
Posts: 134 | From: PA | Registered: Mar 2006
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quote:Originally posted by osubucks30: We would not be in this situation if home buyers were not so dumb. The lenders have some blame but people who bought more house then they can afford are more to blame. If people can't educate themselves before purchasing it is their problem. Now the democrats want to bail some of these people out. I say no!! Foreclosures have been around for a long time and people who were losing their homes before the housing boom were because of "REAL" hard times but now that lots of people are affected for speculating congress wants to help!! Its all about politics. The American way of life is to blame. No saving and spend on impulse. We always seem to have to have bigger houses. A 3 bedroom 1200 square foot house just isn't big enough for us anymore!
Home buyers are dumb? or duped? ... ahh you mean dumb like people who buy cars, jewelry and other luxuries above their means ususally on credit (which is really a loan with high interest) such as perhaps yourself who im sure has done that in your life so don't lie...
Democrats? I would say both parties if not the GOP more so since they created this mess imo...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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quote:Originally posted by osubucks30: We would not be in this situation if home buyers were not so dumb. The lenders have some blame but people who bought more house then they can afford are more to blame. If people can't educate themselves before purchasing it is their problem. Now the democrats want to bail some of these people out. I say no!! Foreclosures have been around for a long time and people who were losing their homes before the housing boom were because of "REAL" hard times but now that lots of people are affected for speculating congress wants to help!! Its all about politics. The American way of life is to blame. No saving and spend on impulse. We always seem to have to have bigger houses. A 3 bedroom 1200 square foot house just isn't big enough for us anymore!
Home buyers are dumb? or duped? ... ahh you mean dumb like people who buy cars, jewelry and other luxuries above their means ususally on credit (which is really a loan with high interest) such as perhaps yourself who im sure has done that in your life so don't lie...
Democrats? I would say both parties if not the GOP more so since they created this mess imo...
I can say that I have not. Only have my mortgage and $1000 on a store card thats at 0%. I have no other debt. Its really not hard. By the way I should disclose that I do not make lots of money(around $30000).
Posts: 1458 | From: Ohio | Registered: Mar 2004
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quote:This guy didn't see the housing crash coming that still continues.
The FED actually CAUSED the housing boom and crash through their inept monetary policy (printing too much funny money). In fact, they have caused just about every boom/bust "cycle" in the history of the country. If their job is to stabilize monetary policy, they have done a TERRIBLE job. After the next major depression we may get another chance to get rid of this beast. I would think that learning this lesson FOUR TIMES would be enough.
Posts: 1577 | From: Ohio | Registered: Oct 2007
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quote:This guy didn't see the housing crash coming that still continues.
The FED actually CAUSED the housing boom and crash through their inept monetary policy (printing too much funny money). In fact, they have caused just about every boom/bust "cycle" in the history of the country. If their job is to stabilize monetary policy, they have done a TERRIBLE job. After the next major depression we may get another chance to get rid of this beast. I would think that learning this lesson FOUR TIMES would be enough.
that is true, and the deep cycles seem to coincide with the 8 year elections.
furthermore? by manipulating the interest rates? they can manipulate to some degree the flow of money into or out of th estock market...
the very high interest rates of the late 70's led people to invest in bonds instead of the stock market. the low values in the stock market then are what made corporate raidership so profitable..
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by glassman: LOL Mach you sound like you mave too much debt to me...
Yah, let's just say the year she passed away was a bad year for me and caused a depression which in turn caused alot of impulse buying and such but half my debt is due to car repairs.
The point I made with my post is that Osubucks is judging people without knowing their situations or personalities. Let he who is without sin cast the last stone as they say. How many of us have bought something we couldn't really afford or was just a little more expensive then we usually spend? The fact that Osu says he never has in his life to me is BS. Everyone has at least done something like that once in their life and it doesn't have to be a house.
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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quote:Originally posted by glassman: that is true, and the deep cycles seem to coincide with the 8 year elections.
Usually it's when a GOPer is in office. This is like a repeat of the 80's with Reaganomics.
But anyways people also invest in precious metals in times like this and rightfully so. I work in the jewelry industry and check out the prices for Gold (up $27 for the week), Silver, Platinum, Rhodium (over $7,000 per ounce), etc..
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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but, IMO the system is set up to keep people ignorant of good consumer practices.
you are in the jewlery biz, you know that the diamond industry has created a totally false sense of the value of diamonds.
they are nothing more than a chip of carbon and they are not rare.
Emeralds and Rubies of high quality on the other hand are rare, and yet the diamond industry has convinced Americans they should invest two months salary in a diamond...
as for the 8 year political cycle? the Bush admin "inherited" a recession too...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by glassman: sorry to hear of your loss,
thank you...
quote:but, IMO the system is set up to keep people ignorant of good consumer practices.
you are in the jewlery biz, you know that the diamond industry has created a totally false sense of the value of diamonds.
they are nothing more than a chip of carbon and they are not rare.
Diamonds are rare, it's just that DeBeers when they controlled the industry made them more rarer because they only released a certain amount of rough diamonds per year to certain "sightholders".
DeBeers only controls about 30% to 40% of the Market now due to two things. DeBeers wants to enter the retail market , especially in the U.S. where it already has opened stores in partnership with Louis Vitton.
The other reason is because competitors are supplying the industry independently of DeBeers. Mining companies in Canada, Australia, Russia etc.
Diamonds are more then just a "chip of carbon". The diamonds that are rare are "gem quality" diamonds (D-J in color, Flawless to VS in clarity, maybe even SI1 diamonds as well). There are diamonds that are considered "commercial" (I1,2 & 3 clarity with K-Z in color) that are not rare and are plentiful. These diamonds are what me and some people call frozen spit or frozen pizz (your diamonds in Zales, Kays Jewelers, Walmart, etc.) Anyways diamonds are more then just a "chip of carbon". They are the hardest natural mineral in the world and has industrial uses as well as jewelry uses. They are also the most brilliant gem in the world that has fire and scintillation as well compared to other gems who don't have as much. They are not just valued for their rarity (gem quality ones) but also because of their beauty (fire, brilliance, scintillation etc.). And if you think a D color, Flawless in clarity diamond is not "rare" then it is obvious you do not know diamnds and have never worked in the industry. I can work in this industry all my life and never see such a diamond except perhaps in a museum. Also fancy color diamonds are just as rare if not more rarer then D/Flawless diamonds of comparable quality. Nitrogen in a diamond causes it's yellow tint so when there is alot of nitrogen in a diamond it causes a diamond to be very yellow and be considered a fancy color diamond (A Canary diamond). Other trace elements cause other colors.
quote:Emeralds and Rubies of high quality on the other hand are rare, and yet the diamond industry has convinced Americans they should invest two months salary in a diamond...
Not all diamonds are created equal and as such no two rubies/emeralds/sapphires/russian alexandrites/brazilian paraiba tourmalines/tanzanites etc. are as well. There is "quality" gems in all gem families. The above gems I just named are just as beatiful as diamonds and some are just as costly (Kashmir Sapphires,Burmese Rubies, Russian Alexandrites, Colombian emeralds etc.) but are not as rare though some can be close in rarity depending on quality as you said. Supply and demand still drives the market. That is one reason Platinum is more expensive then gold. Plat is rarer then gold and 80% of it is mined in South Africa.Plat is about $70 per gram give or take and Gold about $40 per gram give or take. Silver is up there as well being at $19.20 per ounce last i checked. Was like $6 per ounce 2 or 3 years ago. Same with Gems. Time,labor, rarity, and other factors add to the cost of a gem and/or precious metal. It takes a ton of rock to find a small amount of "gem" quality diamonds to be found embedded in that rock and alot of $$ to process it. So trust me, diamonds are rare. It's just which are rare (Gem quality) and which ones aren't (industrial diamonds). Simple as that though i wrote more then you expected lol Btw Diamonds are a good "investment for the long haul. A E-Color, VS-Clarity 1 carat round diamond with good to excellent proportions/cut nowadays is about $8,000 to $10,000 per carat give or take. Back in the 70's or 80's my boss told me it cost around $500 to $1,000 per carat (I can't attest to this because he grew up and worked in those days and i didn't). A diamond is much like real estate on your finger. Over time it goes up like clockwork. Rubies/Emeralds and other gemstones do go up as well but not as much as a diamond. Diamonds are more plentiful today then when DeBeers controlled 90% of the market, yet they are more expensive now. Why? Because it is a rare stone. Btw China is the fastest growing consumer of diamonds,platinum, silver etc. nowadays.
Anyways sorry for writing a manual on gemstones/diamonds/precious metals but it's just something i suppose i have a passion for and knowledge of and wanted to share and inform you about such things like you know more about guns then me.
quote:as for the 8 year political cycle? the Bush admin "inherited" a recession too...
From Reagan? Yes i know lol
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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as for diamonds? i understand DeBeers actually has about 6 billion carats on hand. they just don't release them.... they control just over half the worlds yearly supply, but have considerable stockpiles..
there are alot of new players in the market in the last twenty years, but De Beers has managed to keep the supply limited.
i know that alot of the value/rarity depends on the size of the diamond and DeBeers has managed to get their hands on alot of the larger stones.
what is todays avg price of a loose polished diamond? just under 600/C? the other players have put a huge dent in DeBeers monopoly....
America basically buys chips which are worth much much less than the avg price since the differences between chips and 1C diamonds is what? 1000%
(my wife likes gems alot)
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by glassman: as for diamonds? i understand DeBeers actually has about 6 billion carats on hand. they just don't release them.... they control just over half the worlds yearly supply, but have considerable stockpiles..
Guess you didn't read the part where i had said they only control 30 to 40% of the world supply now and not 50% and up. As for how many carats Debeers has. No one really knows but I wouldn't say it is in the billions (perhaps during the Depression it did when demand died out for obvious reasons). Also you forget that not all those carats (whatever the amount it is) that Debeers has is "gem quality". DeBeers also runs a Industrial diamond business which out "carats" gem quality diamonds. Demand is way up in China and other economies that are doing very well so your number of billions of carats is pure speculation imo.
quote:there are alot of new players in the market in the last twenty years, but De Beers has managed to keep the supply limited.
Again if DeBeers only controls 30 to 40% then obviously they do not keep the supply limited especially when they now entered the retail arena and do not want to be construed as a monopoly in the U.S. which is the biggest market of them all. If anything the Australian Rio Tinto mines supply the most diamonds nowadays because they are of the commercial quality ones (SI2 to I3 in clarity, I/J in color though these can be debated) and 80% of all diamonds nowadays are cut in India because of their highly skilled cutters at very low wages. The Australian mines also are the leaders in Pink/Red diamonds which are very rare diamonds indeed.
quote:i know that alot of the value/rarity depends on the size of the diamond and DeBeers has managed to get their hands on alot of the larger stones.
Actually all things being equal (color, clarity, cut and carat) then the size of the diamond will make it more valuable. A 1 Carat D-Color Flawless Clarity is still more valuable and more rare then a 3 Carat I-Color, SI2 - Clarity. Size doesn't always matter lol
quote:what is todays avg price of a loose polished diamond? just under 600/C? the other players have put a huge dent in DeBeers monopoly....
Depends on the quality again. Color,Clarity, Cut and Carat. The 4 C's. I can't give you a average price. The price of diamonds is set monthly in the Rapaport Report. I can say that a E-Color,VS-Clarity, 1 Carat diamond is about $4,500 wholesale give or take. A significantly more then your $600/C. A 1 Carat diamond that costs wholesale at $600/C is not a very good quality diamond. It would be considered a "commercial" diamond. Your Zales, Kay Jewelers,Walmart etc. Diamonds... psssst your not getting the idea that DeBeers is no longer a Monopoly in the industry.
quote:America basically buys chips which are worth much much less than the avg price since the differences between chips and 1C diamonds is what? 1000%
America is still the largest buyer of diamonds in the world and buy diamonds of all sizes and qualities: commercial, industrial and gem quality. Price of diamonds are negotiable between dealers/importers etc. but for the most part most of them use the Rapaport report as a reference & like I said a E-Color, VS-Clarity 1 Carat diamond is around $4,500 wholesale currently give or take.
China, India, Dubai etc.. are the emerging markets and will cause diamonds to go higher in price over time. [/QUOTE]
quote:(my wife likes gems alot)
If she is interested in them she should get trained in gems and such like I am. I would suggest taking courses in the most recognized school and laboratory in the world: www.gia.edu . They offer both distance education and on campus. If she is interested in all gems then I suggest she get her G.G. (Graduate Gemologist) certification.
If you want to learn more about DeBeers and their current state I suggest reading on Wiki about them. Wiki is not always accurate but the basic facts and ideas are there. I learned about DeBeers through my schooling though.
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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1 Carat diamond is about $4,500 wholesale give or take
hmmm....
i can buy one cheaper than that retail..
it depends on the quality as you said...
chips bring about 50$ /C right? that's why the avg per C price is so low...
very few people actually buy the 4500$/C diamonds...
and yes, the DeBeers numbers do include all diamonds.. i use diamond cutting tools in my glass work, the price of cutters has come down so much in the last 15 years it's amazing..
however, the cost of a high quality cutter is still quite bit higher than a low quality wheel... but worth every penny.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by glassman: 1 Carat diamond is about $4,500 wholesale give or take
hmmm....
i can buy one cheaper than that retail..
it depends on the quality as you said...
I did say that 1 carat diamond is a "E-color, VS-Clarity". I'm going to assume you do not know what that means because then you would realize any quality below that would of course be cheaper. I can sell you a very cheap 1 carat if you like but like i said it's what some in the industry call "frozen spit" or "frozen pizz".
I never said there wasn't cheaper 1 carat diamonds in retail but those diamonds would make you look like the cheapest person to your potentional fiancee because they are of so bad quality and their durability can be questionable. I see it everyday from women disappointed with their engagement rings but keep them because they do not want to hurt the feelings of their fiancee.
quote:chips bring about 50$ /C right? that's why the avg per C price is so low...
very few people actually buy the 4500$/C diamonds...
Seriously my friend you show that you know nothing about diamonds. Your just throwing numbers around without having worked in the industry. The average price per carat for a "average" diamond is about $1,000 to $1,250 wholesale give or take. That is wholesale and not retail. I would hardly call that "low".
Most people buy diamond engagement rings in the $2,500 range from what I seen but the ones who do want a good quality diamond do buy above that in the $4,000 and above range. Again your just giving opinion without working in the industry. No one buys "chips" as you call them for a engagement ring. 1/2 carat at the minimum. Anything smaller then that is a "promise ring". "Chips" are used for fashion jewelry and are of .05 points and above. They are used in "Pave" styles of jewelry and can be costly as a group if there color is excellent (D to G color).
quote:and yes, the DeBeers numbers do include all diamonds..
Again, your just throwing numbers around because if you do not know already DeBeers is a private company now and not public. They do not have to give any information about the company like a public company has to. So what carats in diamonds they have is pure speculation. And if you mean all diamonds including "industrial" diamonds then the supply of those does not affect the price of gem quality diamonds. But like I said DeBeers entered the retail arena and have changed their business structure so they are no longer a monopoly in the supply side of diamonds and the U.S. cannot prevent them from being retailers due to conflicts of interest.
quote:i use diamond cutting tools in my glass work, the price of cutters has come down so much in the last 15 years it's amazing..
however, the cost of a high quality cutter is still quite bit higher than a low quality wheel... but worth every penny.
Ahhhh when i said "cutter" i meant the person who does the actual cutting and uses the wheel/equipment not the equipment itself.
80% of diamonds (usually commercial grade ones) commerci are now cut in India by highly skilled cutters (people) who are paid low wages compared to highly skilled cutters in other diamond centers such as Tel Aviv, New York,Antwerp etc.
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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quote:Originally posted by glassman: LOL Mach you sound like you mave too much debt to me...
Yah, let's just say the year she passed away was a bad year for me and caused a depression which in turn caused alot of impulse buying and such but half my debt is due to car repairs.
The point I made with my post is that Osubucks is judging people without knowing their situations or personalities. Let he who is without sin cast the last stone as they say. How many of us have bought something we couldn't really afford or was just a little more expensive then we usually spend? The fact that Osu says he never has in his life to me is BS. Everyone has at least done something like that once in their life and it doesn't have to be a house.
Sorry for your loss. I am not judging some do have "real" hardship but most just live above their means. I just think the average American is uneducated when it comes to finances. Should be a mandatory course for all high school students IMO!! The average person just wants to keep up with everyone else. I guess thats why as a nation we have negative savings. How long can it last? At least we will all fall together.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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Osubucks30 i think where you live can sure help to spread your cash better. I saw your earlier post about making $30,000 and getting by without debt.
That's really good. I can't imagine earning that in Ca. own a home and have any chance of not going in debt in a hurry with all the other expenses involved in just daily living.
I guess most people in areas like Ca. have a hard time believing you could ever live that cheap this day in age. Sounds really good but i am now a hard core Ca. guy. Would be hard to live anywhere else for me, although my dad was born in Ohio.
Posts: 3875 | From: ca. | Registered: Jul 2005
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quote:Originally posted by osubucks30: Sorry for your loss.
Ty..
quote:I am not judging some do have "real" hardship but most just live above their means.
This country in all aspects of society and from a world point of view is about appearances whether conciously or subconciously. We all like to make it look or feel like we have achieved the American dream of being rich or richer then we are so we spend like crazy with credit without thinking of the consequences.
quote:I just think the average American is uneducated when it comes to finances. Should be a mandatory course for all high school students IMO!!
I agree totally with this. It should be instilled in children throughout their school years in classes/courses.A personal finance course. I also think entrepreneurship should be a course throughout the high school years. We are taught from a very young age that we should do very good in school to work for a company for 30 or more years then retire and accepting what they pay us as our worth. What about teaching them to go into businesses for themselves and enriching their finances more in that way instead of being a wage slave to corporate america? That they do not teach children in schools. Just study, earn your degree and be a slave to a company where your job security is no longer certain.
quote: The average person just wants to keep up with everyone else. I guess thats why as a nation we have negative savings. How long can it last? At least we will all fall together.
Yah same thing i said before about the American Dream. as for falling together. Right now it's every man/woman for himself/herself lol
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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quote:What about teaching them to go into businesses for themselves and enriching their finances more in that way instead of being a wage slave to corporate america?
I agree that discussing alternatives in school is a good idea. However, most people are not cut out to be entrepreneurs. Being an entrepreneur means being self-motivated and being able to make fast accurate decisions. Most people just don't have what it takes. Most people that work need the structure of a boss telling them what to do and when to do it.
Furthermore, no one is forced to be a "wage slave" in America. People can choose to do whatever they like, including "NOTHING" (and that is what a LOT of people choose to do). Unfortunately, teaching entrepreneurship in school won't fix that. What we need is fewer government handouts and more self-sufficiency and personal responsibility. That is coming, but probably not until the country is completely broke and embroiled in a catastrophe (coming soon).
Posts: 1577 | From: Ohio | Registered: Oct 2007
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quote:What about teaching them to go into businesses for themselves and enriching their finances more in that way instead of being a wage slave to corporate america?
I agree that discussing alternatives in school is a good idea. However, most people are not cut out to be entrepreneurs. Being an entrepreneur means being self-motivated and being able to make fast accurate decisions. Most people just don't have what it takes. Most people that work need the structure of a boss telling them what to do and when to do it.
Furthermore, no one is forced to be a "wage slave" in America. People can choose to do whatever they like, including "NOTHING" (and that is what a LOT of people choose to do). Unfortunately, teaching entrepreneurship in school won't fix that. What we need is fewer government handouts and more self-sufficiency and personal responsibility. That is coming, but probably not until the country is completely broke and embroiled in a catastrophe (coming soon).
As Glass said you have no basis for that and Entrepreneurship could be a voluntarily course at the Junior High and High school level like it is in college. And I never said it was for everyone. But if it's taught at a young age that they can achieve their own business then perhaps those kids won't be the ones that need the structure of a boss telling them what to do and will be motivated to start their own businesses. I've read alot of stories of kids starting their own businesses while still in High School and making more money then most people be it a web business, jewelry business etc.. These did those business without the benefit of a entrepreneurship course but I have no doubt there are other kids who can have the motivation if a Entrepreneurship course was offered either mandatory or non-mandatory to let them know it is possible and there are alternatives to the old get your degree and work for others routine till you die and along the way get fired for anything other then your own fault while not getting paid your real worth (note: has happened to me with corporate irresponsibility and downsizing in the past). As you said some people want the structure of a slavemaster telling them what to do but you know why they are like that? Because it's instilled in them from a young age that , that is what your suppose to do. No one ever taught them they can be the boss in their own business.
Read this article below about what I posted on the topic of Entrepreneurship classes for kids:
quote:there are alternatives to the old get your degree and work for others routine till you die and along the way get fired for anything other then your own fault while not getting paid your real worth (note: has happened to me with corporate irresponsibility and downsizing in the past).
Repeat after me:
I am not a victim. I am not a victim. I am not a victim. I am not a victim. I am not a victim.
If you don't like the corporate world, do something else!
Posts: 1577 | From: Ohio | Registered: Oct 2007
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Quote Machiavelli: "get fired for anything other then your own fault while not getting paid your real worth" _________________________________________________
Quote Proprertymanager:
"If you don't like the corporate world, do something else!" ________________________________________________
People are forced to do something about it. They get lawyers.
Posts: 3875 | From: ca. | Registered: Jul 2005
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Not that most of us think lawyers are all good, but we know we have both sides to each coin and these days seem to be a lot more necessary.
Like Tex had stated before, a handshake would be a preferred way of doing business but does not seem possible much anymore.
Posts: 3875 | From: ca. | Registered: Jul 2005
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If you do get a finance course going in high school PLEASE make it worthwhile.
I went to a voluntary month long session when I was in high school. Was put on by a guy who was a full time teacher an an architect who had his own construction company. I thought I was going to learn a lot. We spent the first week learning how to use a freakin checkbook and the last three weeks we just played a stock market game.
It did introduce me to the stock market but I would have gotten that out of regular education during the next year anyway. Otherwise it was a major waste of time.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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quote:Originally posted by Propertymanager: Repeat after me:
I am not a victim. I am not a victim. I am not a victim. I am not a victim. I am not a victim.
If you don't like the corporate world, do something else!
Guess your trapped in your own little perfect world in your mind because this kind of thing happens all over the place not just the "corporate" world. Especially in today's economic times.
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
We may hate lawyers but to be honest the hand shake very raley worked thats why we evolved into lawyers and contracts
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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