Today We're All Irish

[FRED]

Re: Today We're All Irish:

Debt Slavery was also part of the equation here in Mexico during the dictatorship of Porfirio Díaz. The elements were there, tickets instead of money as payment, company lent housing, and company stores. The system was abolished in paper and law by Mexican Revolution, but still represents an everyday stance, although not on the same levels, in several remote rural areas.

Todays system of consumerism based debt slavery is taken as non avoidable by lots of people, almost everywhere in the world, and is not seen as such, mostly as a result of "status positioning" or "to stay with the trend".

We see everyday and everywhere people complaining about their debt levels, but not adjusting their expenses to stay afloat of it all ¿Why? It all is part of the system, I hear the same people that complains from debt voicing about their acquisitions, new toys, vacations and such, spitting bonars and varos (Central Mexico slang term for Mexican pesos) in every phrase, and only shake my head.:rolleyes:

Amplío una recepción especial del iTulip a usted.

Today we have so far been joined by 33 new members from seven different countries, including Pakistan, Taiwan, and Ireland.

View the live map to see who is online now.

We appreciate your views and contributions. The global nature of the credit system is one of the factors that is likely to make the debt deflation more severe. Looking forward to more posts from Mexico and from all our new members.

[Nervous Drake]

Re: Today We're All Irish:

.

[rj1]

Re: Today We're All Irish:

Well I was watching "The Patriot" on blu ray last night with my roommate and I brought up how crazy it is how the US was different in those times and tried to bring this topic into play.

He basically said "MAN, what is UP with you? What is up with all the Armageddon talk? You might be right, but I just don't care!"

I'm not really interested in being the guy everyone thinks is crazy. I'm not going to overstep someone's boundaries so that I can "save" them. If they are smart enough, they can infer what is going on from what I say, but I'm not going to hammer this stuff into people's heads. BTW, if I ever put up Itulip articles around my office and such, it would make me look like a freak. I haven't found a single person my age who isn't in debt except for myself. This is a problem.

Don't bother. Just take care of yourself and your family.

I look at this problem like I look at morals. You can show them to a person, but it is up to that person alone on whether they accept them and follow them.

[western]

Re: Today We're All Irish:

Were in a right mess here in Ireland if thats any consolation.

All the same problems as yourselves, which are too numerous to go into. I spent a year working in America as a student about 10 years ago and remember the ads on television when an authoritative sounding voice came on "Have you been refused a loan, can you not keep up with car or credit card repayments, we can roll them all into one super loan " you know the type of stuff. This was new to me, the credit binge was in its infancy here and I wasn't brought up with a borrowing culture, if you couldn't afford it you didn't get it. In my innocence I remember thinking what kind of business model is that, lending more bloody money to people who couldn't pay the first lot off. Still we caught up quick, lived it up like there was no tomorrow and we will be waiting a while to shift this hangover. As my neighbor keeps saying "Theres no tow bar on the Hearse".

[jtabeb]

Re: Today We're All Irish:

You can show them to a person, but it is up to that person alone on whether they accept them and follow them.

Agreed, BUT I won't change who I am or Restrain comments about what I see.

What happens?

People laugh it off the first couple of times. The Third time they here you talk, they will seek you out and sit down with you for about a half hour to hear everything you say. Most come back for more, some don't. I don't think ANYONE would come talk if I didn't put it out there in the first place.


JT

[Nervous Drake]

Re: Today We're All Irish:

.

[GRG55]

Re: Today We're All Irish:

^ How's the economy there?

The Brits are in more trouble than the U.S. It makes me wonder why the pound is so strong against the dollar. Sure, the dollar's going down, but it's not like the pound is any better long-term.

"The average British adult has 2.8 credit or debit cards, more than any other country in Europe. A growing number are borrowing to pay for vacations, furniture, even plastic surgery. As a result, Britons are spending more than they earn, racking up a household debt-to-income ratio of 1.62 compared with 1.42 in the United States and 1.09 in Germany."

http://biz.yahoo.com/nytimes/080322/...4005.html?.v=1

I suppose time will tell whether Great Britain fares worse than the USA. One difference is that the UK is unlikely to see acres and acres of abandoned tract house subdivisions like so many communities across the USA. The construction aspect of the housing boom just never got that out of control there (draconian planning restrictions), so they won't have the same level of inventory overhang to work off.

[jtabeb]

Re: Today We're All Irish:

Another thing you might not be considering is that, although things look extremely grim right now, there is no guarantee that this will happen suddenly. EJ says there's a large possibility of another bubble taking over for a couple years to stave off the immediate dangers. What will people think of you if you tell them all this doomer stuff and 3 years later everything appears fine?

"cough" EXCUSE!!!

I don't really give a flippen shit. Why because I am acting in good faith in the service of others. Do you believe in Kharma? I do. You can only do what you can do and give the best information you can get. That's all.

Don't validate with Me, you have a conscience and I think YOU KNOW WHAT IT IS TELLING YOU TO DO.

Tell me I wrong, but don't tell my you're afraid. Too many people have been afraid to say anything for too long and look where we have ended up because of it.

I'm not busting your balls, but I AM NOT going to let you off that easy drake!

V/R

JT

[Nervous Drake]

Re: Today We're All Irish:

.

[jtabeb]

Re: Today We're All Irish:

You marines are great (you're a marine, right?).

Nobody is perfect. I'm not perfect, you're not perfect. I will not mislead ANYONE and I think you misunderstand me if you think I'm afraid to talk about this. MOST of my friends in my age group are NOT married, are in debt with student loans, have shitty job prospects, and have the attitude of "Welp, might as well live while I can." If you're going to some physical therapy school for example, taking out HUGE loans to pay for it, do you want someone to say "Hang on dude, rescind your ideas for the future, THIS IS HOW IT IS GOING TO BE I AM JESUS."

No! I tell people to watch the commodities markets. Someone came up to me and told me how smart I was on the call. Whatever, I don't care. I tell people I'm not going to invest in a 401k because it looks like a dumb move even with nice matching. If they ask why, I tell them.

So quit it with the judgment calls buddy!

Please don't misunderstand me.

NO Judging! I don't do that. (I think the big guy/gal/being would take a little offense at a mere mortal trying to put him out of business) I will TELL YOU EXACTLY what I think, however. No more, no less. You say SHUT-UP, I say OK! (BTW I don't go full throttle either, well at least until I'm asked for my "full opinion".) USUALLY, that is.

This place, is different however. Here I'm a peer among equals so the gloves come off.

Dude, I can make you do absolutely NOTHING, NADA, ZIP, ZERO, ZILCH.

I THINK you have some reservations (based on what you say) about being labeled a "Cassandra". If I'm wrong, then I'm wrong. If not....

Well...

"to thine own self be true"

That's all. Nothing more, nothing less.

V/R

JT


P.S. Yes, I like the marine joke. I'll have you all know. That Marine Aviator did very well on his checkride today.

P.P.S. I OFTEN fall on my sword. Face first, mouth open, with both feet inserted up to my rectum ;)

[ocelotl]

Re: Today We're All Irish:

Sorry to revive this thread, but it relates.

Mexican Supreme Court declared unconstitutional Walmart's labor practices

Mexico's Supreme Court slams Walmart's labor practices

Thu Sep 4, 9:26 PM ET

MEXICO CITY (AFP) - Mexico's Supreme Court compared the practices of US retail giant Walmart in Mexico to employer-worker relations during the dictatorship of former president Porfirio Diaz.
Diaz served as president and absolute ruler of Mexico from 1877-80 and from 1884-1911.
Mexico's top court on Thursday backed a Walmart employee who had complained that vouchers handed out by the company as part of its salary payments could only be spent in the company's stores.

Continue...

We still have to see how this develops, If Walmart doesn't modify its labor practices, and Mexican population turns against them backed by Mexican constitutional and labor laws, Walmart could lose its foothold here in Mexico.