Black People : The Economy: Small talk......

[Ralfa'il]

I don't know about you all....

But I'm HHHHHHURTIN' !

For the last 3 or 4 few years I have had to rely mostly on independant contracting to make a living, now that the building boom is slowing down...I'm getting hit up.

Everybody I know is struggling now and either have no job, had to take on several jobs just to suppliment their income.

...or is in jail.


The only people I know who are relatively stable and aren't feeling much of a crunch are those who get S.S. or S.S Disability getting a regular check.


I personally see no way out of this downward trend because even having a degree don't seem to be helping many people I know maintain their standard.


Yet the shopping malls and beauty salons stay full!

Where are people getting all this money to waste?

 

[Monetary]

I don't know about you all....

But I'm HHHHHHURTIN' !

For the last 3 or 4 few years I have had to rely mostly on independant contracting to make a living, now that the building boom is slowing down...I'm getting hit up.

Everybody I know is struggling now and either have no job, had to take on several jobs just to suppliment their income.

...or is in jail.


The only people I know who are relatively stable and aren't feeling much of a crunch are those who get S.S. or S.S Disability getting a regular check.


I personally see no way out of this downward trend because even having a degree don't seem to be helping many people I know maintain their standard.


Yet the shopping malls and beauty salons stay full!

Where are people getting all this money to waste?

CREDIT...AND THEY WILL PAY FOR IT LATER TOO.

I wish more of our people were conscious of the economy and what's going on in the industries in which they work. They'd be better prepared for recessions or hard times...ESPECIALLY BLACK MEN; for we are the ones who get layed off first in these situations.

 

[Ralfa'il]

Monetary

CREDIT...AND THEY WILL PAY FOR IT LATER TOO.

Hot d*mn....

You are the umpteenth person who has told me that and it makes a lot of sense.

Like Michael McDonald, I keep forgetting how they're pushing loans and credit cards on everyone.

I learned my lesson a long time ago.
I try to stay out of debt and I rarely use any of my credit cards, but they are sending me tons of pre-activated credit cards in the mail every week.

I remember a time when you had to be wealthy just to get a credit card.

Now I go to the store now and even bums with tore up cloths smelling like p*ss are pulling out credit cards wrapped in rubber bands and have to choose which one he wants to use.
(fool got old bubble-gum stuck on half of them)

I'm seeing little kids with cell phones on contract.

They are also tricking homeowners into snatching out second mortgages on their property.
I know a neighbor who basically gave his house away taking out a loan on it just so him and his wife can take a trip to Hawaii.

People are also having to take out second mortgages just to finance their children's education.

These people must be trying to drown us all in a sea of red ink and keep us in financial slavery.

 

[oceolo]

Monetary


Hot d*mn....

You are the umpteenth person who has told me that and it makes a lot of sense.

Like Michael McDonald, I keep forgetting how they're pushing loans and credit cards on everyone.

I learned my lesson a long time ago.
I try to stay out of debt and I rarely use any of my credit cards, but they are sending me tons of pre-activated credit cards in the mail every week.

I remember a time when you had to be wealthy just to get a credit card.

Now I go to the store now and even bums with tore up cloths smelling like p*ss are pulling out credit cards wrapped in rubber bands and have to choose which one he wants to use.
(fool got old bubble-gum stuck on half of them)

I'm seeing little kids with cell phones on contract.

They are also tricking homeowners into snatching out second mortgages on their property.
I know a neighbor who basically gave his house away taking out a loan on it just so him and his wife can take a trip to Hawaii.

People are also having to take out second mortgages just to finance their children's education.

These people must be trying to drown us all in a sea of red ink and keep us in financial slavery.

Nobody should even mess with credit because I think that credit is nothing but a racket and the credit companies nothing but loan sharks. These companies just want us to stay in debt so we can keep giving them money making them rich . I saw a program recently where they mention that credit companies hate it when people pay their bills on time because they get more money the longer the person takes to pay off their bills . This way of thinking is crooked so you know their practices and how they handle their customers must be crooked . Thats why I think its just better to save your pennies for wht you want to buy.

 

[Monetary]

These people must be trying to drown us all in a sea of red ink and keep us in financial slavery.

I wouldn't quite say that...but you're basically right. The amount of money that changes hands is slowly getting smaller. Mind you, as inflation rises, your income does not rise by the same amount. So, companies are pinching off your dinero coin by coin on a yearly basis. The increase in the cost-of-living-adjustments doesn't make up for it either. We all must find other ways to bring in income. You will either have to be born with some skill that is rarely available in your area or get an education. And mind you, a degree will not necessarily guarantee you a job...OR a decent wage. This is how you create a class of "Haves" and "Have Nots." You let the economic system do it for you. That way, you can't be blamed for it. Those harmed by this system will blame themselves. People are very tricky in what they do. "Buyer Beware" doesn't only apply to you when you're buying an item.

They don't say mental slavery exists for nothing. It replaced physical slavery where they used chains and whips. You're less likely to get in an uproar over this because it happens over time...and slowly. And, if you do, you will be given a bigger piece of the cookie. A bigger piece of the cookie is a still a crumb.