[Rhodes22-list] Politics-Palin-Twain

[Rik Sandberg]

Robert,

Oh yes, absolutely agreed. Folks I know think I'm nuts when I tell them 
that. Just like they thought I was nuts a few years back when I was 
telling them to stay out of/get out of the real estate market. Or, 
shortly after that when I said it'd be a darn good time to sell stocks 
and get into cash for a while.

But hey, what do I know? I don't have any paper hanging on my wall. I do 
however have all my retirement savings and own no houses that are worth 
less than I paid for them.

Rik

Will Rogers often said, "There's nothing quite like money in the bank." He went on to say, "I'm not so concerned about the return on my money as I am about the return of my money."



Robert Skinner wrote:
> Rik,
>
> One difference from the prior cycle is the
> size of the federal debt load.  It's going to
> take a lot of work for at least a generation
> to retire it.  We will be paying off China, the
> Emirates, etc. for a long time.
>
> We are in a deeper hole than most realize.
>
> /Robert, ME
>
> Rik Sandberg wrote:
>   
>> Paul,
>>
>>     
>>> Whatever
>>> happened to the incredibly simplistic reality that sooner or later we're
>>> going to actually have to pay for all of this stuff.
>>>       
>> It's pretty simple really. So simple that it amazes me that it's so hard 
>> for most to see.
>>
>> About every 4th generation or so we do this to ourselves. Four 
>> generations back, our grandparents learned the very same lessons we are 
>> learning right now. It made them very conservative and risk averse. The 
>> next generation, seeing that it's hard to get rich quick being that 
>> conservative allowed themselves a little more leeway in the risk 
>> department. Nothing went too far wrong for them, so the next generation 
>> kicked it up another notch and now we're up to the crazy bastards that 
>> are taking us right back down into the depths of '29 and the thirties 
>> again. From this will emerge another generation of conservative spenders 
>> like our grandparents, folks who understood that building equity, 
>> reducing debt and saving is the secret to building wealth.
>>
>> Yeah, it ain't sexy, but it is dependable.
>>
>> Rik
>>
>> Will Rogers often said, "There's nothing quite like money in the bank." He went on to say, "I'm not so concerned about the return on my money as I am about the return of my money."
>>
>>
>>
>> pdgrand at nospam.wmis.net wrote:
>>     
>>> Brad,
>>>
>>> You said:  "Palin didn't get where she is by being a shrinking violet and
>>> that rubs some people the wrong way.  She was the only one in the race to
>>> look right straight into the camera and say, "America, you lived beyond
>>> your means" (paraphrased).  Some people like straight talk and others
>>> prefer HopenChange."
>>>
>>> This is a big frustration with me.  Where do we think people get the idea
>>> that living beyond their means is perfectly OK?  Could it be that they see
>>> the Federal government's policy of deficit spending year after year after
>>> year after year?  Sometimes when I read some of the stuff on here or see
>>> the news I just ask myself what in the hell has happened to us?  Whatever
>>> happened to the incredibly simplistic reality that sooner or later we're
>>> going to actually have to pay for all of this stuff.  How can so many
>>> people (congress included) be so incredibly stupid?  Isn't it part of our
>>> job as citizens to hold our lawmakers accountable?  How do we let people
>>> like Nancy Pelosi, Harry Reid, Christopher Dodd and the biggest joke of
>>> them all, Barney Frank continue to get away with the things they do?  (Oh
>>> yeah, and then blame it all on whomever happens to be the current
>>> temporary resident of the White House.)  It just astounds me.
>>>
>>> Paul
>>>
>>>
>>>
>>>
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>>>   
>>>       
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