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LoanPro71
2730 Posts |
 Posted - 07/25/2008 : 03:11:58 AM
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Ron Paul Housing Bill Commentary:
All Credit Card Transactions To Be Reported to IRS
Yesterday Congress passed a housing bailout bill by a vote of 272 to 152. Here is a typical MSM story about the bill from the LA Times that lauds the importance of these “sweeping measures” that will “stave off foreclosure for 400,000 or more homeowners,” and allow the Treasury to “bolster confidence in Fannie and Freddie” by allowing the government to “temporarily increase its lending” and “buy their stock.” Couched in these terms, it probably sounds good to most Americans.
But there is much that the typical MSM dispatch does not mention (for example, where will the money come from?). For the rest of the story, take 7 minutes to watch Dr. Paul’s video commentary on the bill, which made the front page of Digg in a screaming three hours. Dr. Paul discusses what else is in the bill, including:
* A provision to increase the national debt ceiling by $800 billion. This is something Congress has to do every few years, as spending is clearly out of control.
* While this bill is often referred to in the news as a “$25 billion” plan, the final amount will likely be much, much higher. The Treasury’s previously limited $2.5 billion line of credit to Fannie Mae / Freddie Mac, which in 2001 Ron Paul proposed be abolished, has instead been increased to unlimited. The Treasury can now buy an unlimited amount of Fannie / Freddie housing securities and stock. While this may help “bolster confidence” in these companies, as the LA times mentions, don’t expect it to do much for the dollar! Once upon a time, our national currency was backed by gold. More recently, it has been backed by US Treasury securities. Now it will be backed - at least in part - by Fannie Mae / Freddie Mac housing securities - securities that are collapsing on the open market because no one else wants them.
* In yet another example of persistent, big brother, big government, police state creep, anyone working in the mortgage industry will now be required to be fingerprinted.
* Finally, buried deep within the bill, and not mentioned in any MSM source that I am aware of, is the provision that every credit card transaction will now be reported to the IRS. How this fits in to the housing crisis is anyone’s guess.
This is just the briefest of summaries of what is contained in the video. Watch it for the fascinating inside scoop that you won’t hear anywhere else, and pass it along to those you care about. As Dr. Paul notes, our economy is in deep trouble - addicted to easy money brought about by the inflationary programs of the Fed and deficit spending. If we quit these policies, there will be some short term pain, but if not, we’re likely to kill the patient - in this case, the US Dollar.
VIDEO >> http://www.campaignforliberty.com/blog/?p=232
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ddsoffice
77 Posts |
Posted - 07/25/2008 : 04:12:38 AM
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Thanks for the link. Some key points from Ron's broadcast:
-Raising the National Debt to $800B!
-Our $ tied to Fannie and Freddie. (You should have seen Jim Rogers (www.jimrogers.com) empathize with a conniption fit last week on Bloomberg.)
-IRS reporting of credit card transactions, hmm, sort of thought that was in place already after having worked at a major bank and being able to view several months' history of transactions at customer request. I would watch for an appeal to this decision.
-Fingerprinting of mortgage brokers, well, to be a Notary public fingerprints are required and it makes sense since they as well as us are handling sensitive information. There are alot of unlicensed folk operating under a CFL so even illegal immigrants can be handling lots of US Citizens' info. for nefarious purposes.
-I expect the housing and mortgage businesses to experience a slightly more protracted slowdown in terms of value and a later loosening of lender guidelines, we need more portfolio lenders but even they are tighter than ever!
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darkstar
18289 Posts |
Posted - 07/25/2008 : 04:28:14 AM
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Saw it yesterday and agreed with him...Why did he wait until after the vote though?...
>>>All Credit Card Transactions To Be Reported to IRS
I don't think this it such a revelation, they've always had access to that info... |
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LoanPro71
2730 Posts |
Posted - 07/25/2008 : 04:30:56 AM
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quote:
Originally posted by darkstar
Saw it yesterday and agreed with him...Why did he wait until after the vote though?...
Don't you know?
Members of Congress don't have the time required to read the Legislation they vote on.
Ron Paul tried to fix that with HR 63, also known as "The Sunlight Rule" which would make it MANDATORY for all Members of Congress to have sufficient time to read the bills they vote on. It failed or got tied up in some House subcomittee.
Here's a link that explains the proposed rule change....
http://www.opencongress.org/bill/110-hr63/show
The idiocy on Capital Hill is breathtaking.
They don't even READ the Legislation they VOTE on.
Don't you feel well "represented" ???
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darkstar
18289 Posts |
Posted - 07/25/2008 : 05:13:21 AM
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| I'm very aware of that sad fact...Since he's not taken as seriously as he should be, why doesn't he let someone that will get taken seriously take the point?... |
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genealle
1073 Posts |
Posted - 07/25/2008 : 05:50:52 AM
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quote:
Originally posted by LoanPro71
[quote][i]
Don't you know?
Members of Congress don't have the time required to read the Legislation they vote on.
The idiocy on Capital Hill is breathtaking.
They don't even READ the Legislation they VOTE on.
Sometimes they don't read the final version of their own sponsored bills.
They have assistants and other minions that read the summary reports from the sub-committees that craft the bills. After the summaries there is a list of what member wants what in or out of the bill. Then they horse trade to get what they want from each other. It's like the presidential veto in reverse. |
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dnuex2
2990 Posts |
Posted - 07/25/2008 : 05:56:21 AM
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| I would look at it but honestly, watching RP mumble makes my eyes roll back in my head... |
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LoanPro71
2730 Posts |
Posted - 07/25/2008 : 12:35:56 PM
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quote:
Originally posted by dnuex2
I would look at it but honestly, watching RP mumble makes my eyes roll back in my head...
"mumble" ?
Ron Paul is one of the very few people on Capital Hill that actually gives a d*mn about you. Why insult him? I don't get it.
When the IRS comes knocking on your door because you failed to mention that large Credit Card purchase you made while on vacation, then you'll care about what Ron Paul had to say.
When the US dollar collapses and everything in your porfolio loses 90% of it's purchasing power and a loaf of bread costs $25, then you'll care.
Yes, you will care. We all will. |
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mykal5
2859 Posts |
Posted - 07/25/2008 : 1:06:41 PM
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quote:
Originally posted by darkstar
I'm very aware of that sad fact...Since he's not taken as seriously as he should be, why doesn't he let someone that will get taken seriously take the point?...
And there you have it, the crux of Ron Paul's appeal. The guy can't sell his positions very well. What good is an idea if you lack the ability to sell it or the humility to step out of the way and let someone who can sell it do your bidding? |
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LoanPro71
2730 Posts |
Posted - 07/25/2008 : 1:14:58 PM
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quote:
Originally posted by mykal5
quote:
Originally posted by darkstar
I'm very aware of that sad fact...Since he's not taken as seriously as he should be, why doesn't he let someone that will get taken seriously take the point?...
And there you have it, the crux of Ron Paul's appeal. The guy can't sell his positions very well. What good is an idea if you lack the ability to sell it or the humility to step out of the way and let someone who can sell it do your bidding?
Who else is willing to "sell it"? Capital Hill is corrupt beyond measure and Ron Paul has been the loan wolf up there for 20 years.
If our education system was worth a damn, he wouldn't have to sell it.
What Ron Paul is talking about here is purely logical. It's mathematics, not politics.
Freedom isn't complicated ... and it shouldn't have to be "sold" to the people. |
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workinghard
6 Posts |
Posted - 07/25/2008 : 1:30:49 PM
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I would strongly recommend that we all make sure our industry colleagues are registered voters; actually vote and make sure that our elected officals know that we are small business'. Small business' account for a big chunk of the tax revenue.
We must first start at home before they hear us in D.C. |
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rtrefflich
3414 Posts |
Posted - 07/25/2008 : 1:37:09 PM
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Anyone who has his ideas and actually tries to implement them will not be taken seriously, not because they are bad ideas, but because they differ with the mainstream viewpoint (i.e. the 2 party system, all is well in America, etc) and because of that he (and a lot of others with similar viewpoints on the left) are taken as crazy.
quote:
Originally posted by darkstar
I'm very aware of that sad fact...Since he's not taken as seriously as he should be, why doesn't he let someone that will get taken seriously take the point?...
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mykal5
2859 Posts |
Posted - 07/25/2008 : 1:40:04 PM
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quote:
Originally posted by LoanPro71
quote:
Originally posted by mykal5
quote:
Originally posted by darkstar
I'm very aware of that sad fact...Since he's not taken as seriously as he should be, why doesn't he let someone that will get taken seriously take the point?...
And there you have it, the crux of Ron Paul's appeal. The guy can't sell his positions very well. What good is an idea if you lack the ability to sell it or the humility to step out of the way and let someone who can sell it do your bidding?
Who else is willing to "sell it"? Capital Hill is corrupt beyond measure and Ron Paul has been the loan wolf up there for 20 years.
If our education system was worth a damn, he wouldn't have to sell it.
What Ron Paul is talking about here is purely logical. It's mathematics, not politics.
Freedom isn't complicated ... and it shouldn't have to be "sold" to the people.
My freedom is not at risk nor has it ever been, and I will venture a guess that most in this country feel the same. And I will concede sell may have been a poor choice of words so lets replace it with 'articulate'. If you are unable to convice enough people that your position is the best especially considering as you say it is purely logical, then I think it is reasonable to assume you will be unable to convince enough people in Washington to side with your opinion.
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VVance
2489 Posts |
Posted - 07/25/2008 : 2:27:46 PM
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Isn't the credit report/PayPal provision only applied to credit card transactions over 200 or a total purchase of $10,000.00 or more. I think that's what I read.
Still, it would seem the basis for internet taxation is upon us. |
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dnuex2
2990 Posts |
Posted - 07/25/2008 : 2:31:16 PM
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quote:
Originally posted by LoanPro71
quote:
Originally posted by dnuex2
I would look at it but honestly, watching RP mumble makes my eyes roll back in my head...
"mumble" ?
Ron Paul is one of the very few people on Capital Hill that actually gives a d*mn about you. Why insult him? I don't get it.
When the IRS comes knocking on your door because you failed to mention that large Credit Card purchase you made while on vacation, then you'll care about what Ron Paul had to say.
When the US dollar collapses and everything in your porfolio loses 90% of it's purchasing power and a loaf of bread costs $25, then you'll care.
Yes, you will care. We all will.
I havent seen anything in the aformention topic what you are "mumbling" about. Somehow I seriously doubt that "I" or "You" will have to mention a "credit card transaction" to the IRS. Nor will the IRS coming to my doorstep to ask me about it.
And if the world implodes tomorrow and we are all consumed by the vacuum of deep space, I still wont give a rats a*s for fuhrer racist Ron Paul. And apparently so does the majority... |
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LoanPro71
2730 Posts |
Posted - 07/25/2008 : 2:46:12 PM
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quote:
Originally posted by dnuex2
quote:
Originally posted by LoanPro71
quote:
Originally posted by dnuex2
I would look at it but honestly, watching RP mumble makes my eyes roll back in my head...
"mumble" ?
Ron Paul is one of the very few people on Capital Hill that actually gives a d*mn about you. Why insult him? I don't get it.
When the IRS comes knocking on your door because you failed to mention that large Credit Card purchase you made while on vacation, then you'll care about what Ron Paul had to say.
When the US dollar collapses and everything in your porfolio loses 90% of it's purchasing power and a loaf of bread costs $25, then you'll care.
Yes, you will care. We all will.
I havent seen anything in the aformention topic what you are "mumbling" about. Somehow I seriously doubt that "I" or "You" will have to mention a "credit card transaction" to the IRS. Nor will the IRS coming to my doorstep to ask me about it.
And if the world implodes tomorrow and we are all consumed by the vacuum of deep space, I still wont give a rats a*s for fuhrer racist Ron Paul. And apparently so does the majority...
I'm gonna take the high road and ignore your silly racism comment. It's been beaten to death and everyone who's looked into it knows it's 100% bullsh*t.
Bottom line ... if Congress continues to spend money like they do then the US Dollar will fall off the cliff. It's not a matter of if, but WHEN.
It doesn't matter how big our Portfolio is or how great of a Mortgage Broker we may be ... we'll all suffer when the Dollar collapses.
Every single one of us will suffer in ways we cannot comprehend.
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LoanPro71
2730 Posts |
Posted - 07/25/2008 : 3:08:43 PM
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quote:
Originally posted by mykal5
quote:
Originally posted by LoanPro71
quote:
Originally posted by mykal5
quote:
Originally posted by darkstar
I'm very aware of that sad fact...Since he's not taken as seriously as he should be, why doesn't he let someone that will get taken seriously take the point?...
And there you have it, the crux of Ron Paul's appeal. The guy can't sell his positions very well. What good is an idea if you lack the ability to sell it or the humility to step out of the way and let someone who can sell it do your bidding?
Who else is willing to "sell it"? Capital Hill is corrupt beyond measure and Ron Paul has been the loan wolf up there for 20 years.
If our education system was worth a damn, he wouldn't have to sell it.
What Ron Paul is talking about here is purely logical. It's mathematics, not politics.
Freedom isn't complicated ... and it shouldn't have to be "sold" to the people.
My freedom is not at risk nor has it ever been, and I will venture a guess that most in this country feel the same. And I will concede sell may have been a poor choice of words so lets replace it with 'articulate'. If you are unable to convice enough people that your position is the best especially considering as you say it is purely logical, then I think it is reasonable to assume you will be unable to convince enough people in Washington to side with your opinion.
Your freedom is not at risk? Perhaps you should reconsider that assumption.
Ron Paul articulates his ideas better than any other Congressmen I've ever seen. The biggest hurdle is the fact that most people can't keep up and don't understand the issues like they THINK they do because they've never STUDIED the issues in depth.
Most members of Congress are clueless in matters pertaining to the Economy ... and almost NONE of them understand how money works. They simply don't understand the dangers of inflation. I would also say that most members of Congress haven't even read the US Constitution ... even though they SWORE to uphold and defend it.
History repeats itself ... and it will repeat itself again in our case. It's too bad that more of us don't study the history of Empire and the REAL reason that Empires eventually fail. It's almost ALWAYS for financial reasons. Empires get cocky and spread themselves too thin .... then they realize (too late) that they can't afford to maintain the Empire.
Our Empire will fail if we don't wake up very soon. We are spending about $1 TRILLION a year maintaining ours .. and it will come to an end. Not if, but when.
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PinnaclePeters
1113 Posts |
Posted - 07/25/2008 : 3:13:09 PM
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| This belongs in the announcements section... |
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dnuex2
2990 Posts |
Posted - 07/25/2008 : 3:17:33 PM
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quote:
Originally posted by PinnaclePeters
This belongs in the announcements section...
More like it belongs in the toilet... |
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dnuex2
2990 Posts |
Posted - 07/25/2008 : 3:21:20 PM
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quote:
Originally posted by LoanPro71
quote:
Originally posted by mykal5
quote:
Originally posted by LoanPro71
quote:
Originally posted by mykal5
quote:
Originally posted by darkstar
I'm very aware of that sad fact...Since he's not taken as seriously as he should be, why doesn't he let someone that will get taken seriously take the point?...
And there you have it, the crux of Ron Paul's appeal. The guy can't sell his positions very well. What good is an idea if you lack the ability to sell it or the humility to step out of the way and let someone who can sell it do your bidding?
Who else is willing to "sell it"? Capital Hill is corrupt beyond measure and Ron Paul has been the loan wolf up there for 20 years.
If our education system was worth a damn, he wouldn't have to sell it.
What Ron Paul is talking about here is purely logical. It's mathematics, not politics.
Freedom isn't complicated ... and it shouldn't have to be "sold" to the people.
My freedom is not at risk nor has it ever been, and I will venture a guess that most in this country feel the same. And I will concede sell may have been a poor choice of words so lets replace it with 'articulate'. If you are unable to convice enough people that your position is the best especially considering as you say it is purely logical, then I think it is reasonable to assume you will be unable to convince enough people in Washington to side with your opinion.
Your freedom is not a risk? Perhaps you should reconsider that assumption.
Ron Paul articulates his ideas better than any other Congressmen I've ever seen. The biggest hurdle is the fact that most people can't keep up and don't understand the issues like they THINK they do because they've never STUDIED the issues in depth.
Most members of Congress are clueless in matters pertaining to the Economy ... and almost NONE of them understand how money works. They simply don't understand the dangers of inflation. I would also say that most members of Congress haven't even read the US Constitution ... even though they SWORE to uphold and defend it.
History repeats itself ... and it will repeat itself again in our case. It's too bad that more of us don't study the history of Empire and the REAL reason that Empires eventually fail. It's almost ALWAYS for financial reasons. Empires get cocky and spread themselves too thin .... then they realize (too late) that they can't afford to maintain the Empire.
Our Empire will fail if we don't wake up very soon. We are spending about $1 TRILLION a year maintaining ours .. and it will come to an end. Not if, but when.
Well the majority would have to disagree with RP's articulation skills...
And yes we get it already, your proclaiming the "end is near" is getting really tiresome and serves no purpose here. What are you expecting as an outcome? Standing on a street corner with a sign would serve you better. |
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StayInHomeGuy
281 Posts |
Posted - 07/25/2008 : 3:28:21 PM
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quote:
Originally posted by LoanPro71
quote:
Originally posted by mykal5
quote:
Originally posted by LoanPro71
quote:
Originally posted by mykal5
quote:
Originally posted by darkstar
I'm very aware of that sad fact...Since he's not taken as seriously as he should be, why doesn't he let someone that will get taken seriously take the point?...
And there you have it, the crux of Ron Paul's appeal. The guy can't sell his positions very well. What good is an idea if you lack the ability to sell it or the humility to step out of the way and let someone who can sell it do your bidding?
Who else is willing to "sell it"? Capital Hill is corrupt beyond measure and Ron Paul has been the loan wolf up there for 20 years.
If our education system was worth a damn, he wouldn't have to sell it.
What Ron Paul is talking about here is purely logical. It's mathematics, not politics.
Freedom isn't complicated ... and it shouldn't have to be "sold" to the people.
My freedom is not at risk nor has it ever been, and I will venture a guess that most in this country feel the same. And I will concede sell may have been a poor choice of words so lets replace it with 'articulate'. If you are unable to convice enough people that your position is the best especially considering as you say it is purely logical, then I think it is reasonable to assume you will be unable to convince enough people in Washington to side with your opinion.
Your freedom is not at risk? Perhaps you should reconsider that assumption.
Ron Paul articulates his ideas better than any other Congressmen I've ever seen. The biggest hurdle is the fact that most people can't keep up and don't understand the issues like they THINK they do because they've never STUDIED the issues in depth.
Most members of Congress are clueless in matters pertaining to the Economy ... and almost NONE of them understand how money works. They simply don't understand the dangers of inflation. I would also say that most members of Congress haven't even read the US Constitution ... even though they SWORE to uphold and defend it.
History repeats itself ... and it will repeat itself again in our case. It's too bad that more of us don't study the history of Empire and the REAL reason that Empires eventually fail. It's almost ALWAYS for financial reasons. Empires get cocky and spread themselves too thin .... then they realize (too late) that they can't afford to maintain the Empire.
Our Empire will fail if we don't wake up very soon. We are spending about $1 TRILLION a year maintaining ours .. and it will come to an end. Not if, but when.
GOD DAMN
Enough of your doom and gloom, the sky is falling BULLSH*T
STFU already
You are great at spewing out others thoughts, let's here you come up with some of your own.
You seem to think that if we standby and do nothing at all then we will experience "short-term" pain....tell me: what is short-term to you?
What would you propose we do to help curb the direction we are headed in, and don't you dare say nothing.
I admit that this bill isn't perfect. yes it will help some big banks, the same banks that have been paying all of us in the finance industry for years.
Sorry if you take any of this personal, but I'm soooooooooooooooooooooooo sick of hearing this BS. It's absurd.
PS: run chicken little run |
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LoanPro71
2730 Posts |
Posted - 07/25/2008 : 3:29:03 PM
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quote:
Originally posted by dnuex2
quote:
Originally posted by LoanPro71
quote:
Originally posted by mykal5
quote:
Originally posted by LoanPro71
quote:
Originally posted by mykal5
quote:
Originally posted by darkstar
I'm very aware of that sad fact...Since he's not taken as seriously as he should be, why doesn't he let someone that will get taken seriously take the point?...
And there you have it, the crux of Ron Paul's appeal. The guy can't sell his positions very well. What good is an idea if you lack the ability to sell it or the humility to step out of the way and let someone who can sell it do your bidding?
Who else is willing to "sell it"? Capital Hill is corrupt beyond measure and Ron Paul has been the loan wolf up there for 20 years.
If our education system was worth a damn, he wouldn't have to sell it.
What Ron Paul is talking about here is purely logical. It's mathematics, not politics.
Freedom isn't complicated ... and it shouldn't have to be "sold" to the people.
My freedom is not at risk nor has it ever been, and I will venture a guess that most in this country feel the same. And I will concede sell may have been a poor choice of words so lets replace it with 'articulate'. If you are unable to convice enough people that your position is the best especially considering as you say it is purely logical, then I think it is reasonable to assume you will be unable to convince enough people in Washington to side with your opinion.
Your freedom is not a risk? Perhaps you should reconsider that assumption.
Ron Paul articulates his ideas better than any other Congressmen I've ever seen. The biggest hurdle is the fact that most people can't keep up and don't understand the issues like they THINK they do because they've never STUDIED the issues in depth.
Most members of Congress are clueless in matters pertaining to the Economy ... and almost NONE of them understand how money works. They simply don't understand the dangers of inflation. I would also say that most members of Congress haven't even read the US Constitution ... even though they SWORE to uphold and defend it.
History repeats itself ... and it will repeat itself again in our case. It's too bad that more of us don't study the history of Empire and the REAL reason that Empires eventually fail. It's almost ALWAYS for financial reasons. Empires get cocky and spread themselves too thin .... then they realize (too late) that they can't afford to maintain the Empire.
Our Empire will fail if we don't wake up very soon. We are spending about $1 TRILLION a year maintaining ours .. and it will come to an end. Not if, but when.
Well the majority would have to disagree with RP's articulation skills...
And yes we get it already, your proclaiming the "end is near" is getting really tiresome and serves no purpose here. What are you expecting as an outcome? Standing on a street corner with a sign would serve you better.
What am I expecting? I'm expecting people to raise h*ll with their Congressman and their Senator. I'm expecting people to participate in the process. I'm expecting people to give a damn about what's happening in Washington DC with THEIR tax money. You do care, don't you?
The decline in the value of the US Dollar has a direct impact on the Mortgage Business. Specifically ... DTI.
It might be tough to get your loans approved if most of your clients have a DTI of 95%.
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LoanPro71
2730 Posts |
Posted - 07/25/2008 : 3:43:34 PM
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quote:
Originally posted by StayInHomeGuy
GOD DAMN
Enough of your doom and gloom, the sky is falling BULLSH*T
STFU already
You are great at spewing out others thoughts, let's here you come up with some of your own.
You seem to think that if we standby and do nothing at all then we will experience "short-term" pain....tell me: what is short-term to you?
What would you propose we do to help curb the direction we are headed in, and don't you dare say nothing.
I admit that this bill isn't perfect. yes it will help some big banks, the same banks that have been paying all of us in the finance industry for years.
Sorry if you take any of this personal, but I'm soooooooooooooooooooooooo sick of hearing this BS. It's absurd.
PS: run chicken little run
Wow ... chill out my man. There's no reason at all to get personal.
Talking about our economic situation and engaging in a little debate on the subject isn't doom and gloom. These things ARE happening ... and we all need to grow up and deal with it.
If you don't like the story ... then DON'T READ IT.
If you know something about the subject that'll make me feel better ... then please ... do tell. I would welcome the good news with open arms ... believe me.
I'm not a 'doom and gloomer' ... but I'm also not gonna stick my head in the sand and pretend that nothing's wrong either.
There comes a time when we should all talk honestly about what's happening in America ... no matter how uncomfortable that may be. And I agree, it IS uncomfortable and unpleasant.
It's the right thing to do. It's our DUTY ... as citizens. |
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mykal5
2859 Posts |
Posted - 07/25/2008 : 3:54:04 PM
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quote:
Originally posted by LoanPro71
quote:
Originally posted by dnuex2
quote:
Originally posted by LoanPro71
quote:
Originally posted by mykal5
quote:
Originally posted by LoanPro71
quote:
Originally posted by mykal5
quote:
Originally posted by darkstar
I'm very aware of that sad fact...Since he's not taken as seriously as he should be, why doesn't he let someone that will get taken seriously take the point?...
And there you have it, the crux of Ron Paul's appeal. The guy can't sell his positions very well. What good is an idea if you lack the ability to sell it or the humility to step out of the way and let someone who can sell it do your bidding?
Who else is willing to "sell it"? Capital Hill is corrupt beyond measure and Ron Paul has been the loan wolf up there for 20 years.
If our education system was worth a damn, he wouldn't have to sell it.
What Ron Paul is talking about here is purely logical. It's mathematics, not politics.
Freedom isn't complicated ... and it shouldn't have to be "sold" to the people.
My freedom is not at risk nor has it ever been, and I will venture a guess that most in this country feel the same. And I will concede sell may have been a poor choice of words so lets replace it with 'articulate'. If you are unable to convice enough people that your position is the best especially considering as you say it is purely logical, then I think it is reasonable to assume you will be unable to convince enough people in Washington to side with your opinion.
Your freedom is not a risk? Perhaps you should reconsider that assumption.
Ron Paul articulates his ideas better than any other Congressmen I've ever seen. The biggest hurdle is the fact that most people can't keep up and don't understand the issues like they THINK they do because they've never STUDIED the issues in depth.
Most members of Congress are clueless in matters pertaining to the Economy ... and almost NONE of them understand how money works. They simply don't understand the dangers of inflation. I would also say that most members of Congress haven't even read the US Constitution ... even though they SWORE to uphold and defend it.
History repeats itself ... and it will repeat itself again in our case. It's too bad that more of us don't study the history of Empire and the REAL reason that Empires eventually fail. It's almost ALWAYS for financial reasons. Empires get cocky and spread themselves too thin .... then they realize (too late) that they can't afford to maintain the Empire.
Our Empire will fail if we don't wake up very soon. We are spending about $1 TRILLION a year maintaining ours .. and it will come to an end. Not if, but when.
Well the majority would have to disagree with RP's articulation skills...
And yes we get it already, your proclaiming the "end is near" is getting really tiresome and serves no purpose here. What are you expecting as an outcome? Standing on a street corner with a sign would serve you better.
What am I expecting? I'm expecting people to raise h*ll with their Congressman and their Senator. I'm expecting people to participate in the process. I'm expecting people to give a damn about what's happening in Washington DC with THEIR tax money. You do care, don't you?
The decline in the value of the US Dollar has a direct impact on the Mortgage Business. Specifically ... DTI.
It might be tough to get your loans approved if most of your clients have a DTI of 95%.
I applaud your efforts and if you will allow I'd like to make a suggestion. First provide some facts to back up your claims and positions. You've said with great certitude our freedoms are at risk, however you provide little to support your position.
Second you claim we spend $1 Trillion defending our empire. I am quite certain I am of about average intelligence therefore I know there is much to learn. Please teach me about this empire. And lastly support this $1 Trillion spent defending this empire. I am pretty confident that IF an empire exist (giving you the benefit of the doubt) we are not spending $1 Trillion to defend it.
Please don't tell me where I am wrong, show me. |
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StayInHomeGuy
281 Posts |
Posted - 07/25/2008 : 4:00:09 PM
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quote:
Originally posted by LoanPro71
quote:
Originally posted by StayInHomeGuy
GOD DAMN
Enough of your doom and gloom, the sky is falling BULLSH*T
STFU already
You are great at spewing out others thoughts, let's here you come up with some of your own.
You seem to think that if we standby and do nothing at all then we will experience "short-term" pain....tell me: what is short-term to you?
What would you propose we do to help curb the direction we are headed in, and don't you dare say nothing.
I admit that this bill isn't perfect. yes it will help some big banks, the same banks that have been paying all of us in the finance industry for years.
Sorry if you take any of this personal, but I'm soooooooooooooooooooooooo sick of hearing this BS. It's absurd.
PS: run chicken little run
Wow ... chill out my man. There's no reason at all to get personal.
Talking about our economic situation and engaging in a little debate on the subject isn't doom and gloom. These things ARE happening ... and we all need to grow up and deal with it.
If you don't like the story ... then DON'T READ IT.
If you know something about the subject that'll make me feel better ... then please ... do tell. I would welcome the good news with open arms ... believe me.
I'm not a 'doom and gloomer' ... but I'm also not gonna stick my head in the sand and pretend that nothing's wrong either.
There comes a time when we should all talk honestly about what's happening in America ... no matter how uncomfortable that may be. And I agree, it IS uncomfortable and unpleasant.
It's the right thing to do. It's our DUTY ... as citizens.
Dear Chicken Little
I'm not surprised that you completely avoided my questions...are you having problems creating original thought?
You're not a doom n gloomer??? 
let's look back at just a few things you said in this thread:
*History repeats itself ... and it will repeat itself again in our case
*We are spending about $1 TRILLION a year maintaining ours .. and it will come to an end. Not if, but when.
*When the IRS comes knocking on your door because you failed to mention that large Credit Card purchase you made while on vacation, then you'll care about what Ron Paul had to say.
*When the US dollar collapses and everything in your porfolio loses 90% of it's purchasing power and a loaf of bread costs $25, then you'll care.
*Yes, you will care. We all will.
The truth is that any solution to our current situation is going to come at a cost, none of it is good news, but pick your poison. Do we standby and do nothing, watch major banks fail, home onership and value fall through the floor.... or do we make an attempt to turn this thing around at a cost.
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clearwaterny
347 Posts |
Posted - 07/25/2008 : 4:14:18 PM
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| I think everyone should just relax, everyone is stressed out in this industry right now and it's the weekend. Go have a beer or take a walk. take it back up on monday if this thread didn't fall to page 8 by then. have a great weekend everyone. |
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LoanPro71
2730 Posts |
Posted - 07/25/2008 : 4:20:30 PM
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quote:
Originally posted by mykal5
I applaud your efforts and if you will allow I'd like to make a suggestion. First provide some facts to back up your claims and positions. You've said with great certitude our freedoms are at risk, however you provide little to support your position.
Second you claim we spend $1 Trillion defending our empire. I am quite certain I am of about average intelligence therefore I know there is much to learn. Please teach me about this empire. And lastly support this $1 Trillion spent defending this empire. I am pretty confident that IF an empire exist (giving you the benefit of the doubt) we are not spending $1 Trillion to defend it.
Please don't tell me where I am wrong, show me.
No problem. Here's a good starting point in regards to lost freedoms. It's a treasure trove of information. http://www.againstbombing.org/
More on freedoms lost ... http://www.againstbombing.com/Ashcroftlostfreedoms.htm
Some more ... http://www.crooksandliars.com/2006/10/17/olbermann-the-day-habeas-corpus-died/
How about Eminent Domain ... remember that?
http://money.cnn.com/2005/06/23/news/fortune500/retail_eminentdomain/
Cost of Empire ??? http://www.independent.org/newsroom/article.asp?id=1941
It's all there. That should keep you busy this weekend.
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mykal5
2859 Posts |
Posted - 07/25/2008 : 4:24:55 PM
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quote:
Originally posted by LoanPro71
quote:
Originally posted by mykal5
I applaud your efforts and if you will allow I'd like to make a suggestion. First provide some facts to back up your claims and positions. You've said with great certitude our freedoms are at risk, however you provide little to support your position.
Second you claim we spend $1 Trillion defending our empire. I am quite certain I am of about average intelligence therefore I know there is much to learn. Please teach me about this empire. And lastly support this $1 Trillion spent defending this empire. I am pretty confident that IF an empire exist (giving you the benefit of the doubt) we are not spending $1 Trillion to defend it.
Please don't tell me where I am wrong, show me.
No problem. Here's a good starting point in regards to lost freedoms. It's a treasure trove of information. http://www.againstbombing.org/
More on freedoms lost ... http://www.againstbombing.com/Ashcroftlostfreedoms.htm
Some more ... http://www.crooksandliars.com/2006/10/17/olbermann-the-day-habeas-corpus-died/
How about Eminent Domain ... remember that?
http://money.cnn.com/2005/06/23/news/fortune500/retail_eminentdomain/
Cost of Empire ??? http://www.independent.org/newsroom/article.asp?id=1941
It's all there. That should keep you busy this weekend.
Thanks, and I will be sure to get through them this weekend. But for now there is money to be made. |
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VVance
2489 Posts |
Posted - 07/25/2008 : 4:26:58 PM
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quote:
Originally posted by clearwaterny
I think everyone should just relax, everyone is stressed out in this industry right now and it's the weekend. Go have a beer or take a walk. take it back up on monday if this thread didn't fall to page 8 by then. have a great weekend everyone.
Your right. But, the Senate is sceduled to vote on this thing tomorrow, which means, unless you crawl under a rock, it's all you'll here about on TV. |
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LoanPro71
2730 Posts |
Posted - 07/25/2008 : 4:45:15 PM
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quote:
Originally posted by StayInHomeGuy
Dear Chicken Little
I'm not surprised that you completely avoided my questions...are you having problems creating original thought?
You're not a doom n gloomer???
let's look back at just a few things you said in this thread:
*History repeats itself ... and it will repeat itself again in our case
*We are spending about $1 TRILLION a year maintaining ours .. and it will come to an end. Not if, but when.
*When the IRS comes knocking on your door because you failed to mention that large Credit Card purchase you made while on vacation, then you'll care about what Ron Paul had to say.
*When the US dollar collapses and everything in your porfolio loses 90% of it's purchasing power and a loaf of bread costs $25, then you'll care.
*Yes, you will care. We all will.
The truth is that any solution to our current situation is going to come at a cost, none of it is good news, but pick your poison. Do we standby and do nothing, watch major banks fail, home onership and value fall through the floor.... or do we make an attempt to turn this thing around at a cost.
Dear Ignoring the Obvious,
What is this fascination you have with original thought? I'm not claiming to espouse an original thought here ... are you? Let's move on.
Yes, you are right. Any solution to our current situtation will come at a cost. However, we should be smart enough to realize that it's better to suffer now and let the market recover rather than prolong the agony and potentially reach the point where we CAN'T recover.
What .... $9.5 TRILLION isn't enough debt for you? How about $50 Trillion in future obligations to the baby-boomers by way of SS and Medicare? Still not enough? How do you propose we are going to PAY for this debt?
Yes, we should standby and do nothing. The bubble needs to burst and the system needs to cleanse itself. I know... it s*cks ... especially for us as Mortgage Brokers ... but it's the best option, unfortunately.
We can finance our way to the stratosphere if we want ... but eventually ... the BILL comes due.
Wages aren't in line with home values and they need to drop further ... especially in the high population centers of California and Florida.
This article explains everything ...
http://www.nolanchart.com/article4326.html
"If you are in a deep hole, the first thing you should do is stop digging. Our government keeps digging deeper and deeper. This delusion of debt will surely end in tears."
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ritabradley01
3228 Posts |
Posted - 07/25/2008 : 5:16:53 PM
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I just think that Ron Paul's message is ahead of it's time, in a sense. The American people aren't in quite enough pain yet to really start looking into these things.
It's quite a task sorting through the data and opinions to get to the truth. |
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LoanPro71
2730 Posts |
Posted - 07/25/2008 : 5:20:50 PM
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quote:
Originally posted by ritabradley01
It's quite a task sorting through the data and opinions to get to the truth.
Understatement of the Century.
You are absolutely right. It is a monumental task ... and time consuming as well.
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toddblue
2397 Posts |
Posted - 07/25/2008 : 5:25:22 PM
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I gotta go with Loanpro on this one. Ron Paul is correct in the direction we are heading.
I pose this question. By what Constitutional authority does Congress grant the IRS access to our private credit transactions?
And dnuex, your "fuhrer racist Ron Paul" comment is so far off the mark, it would be funny if it weren't so obscenely incorrect. Please share with me on what you base this statement. |
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dnuex2
2990 Posts |
Posted - 07/25/2008 : 6:05:30 PM
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quote:
Originally posted by toddblue
I gotta go with Loanpro on this one. Ron Paul is correct in the direction we are heading.
I pose this question. By what Constitutional authority does Congress grant the IRS access to our private credit transactions?
And dnuex, your "fuhrer racist Ron Paul" comment is so far off the mark, it would be funny if it weren't so obscenely incorrect. Please share with me on what you base this statement.
Go find it yourself, im sure Loanpro can provide a few youtube videos for you as well.
http://www.cnn.com/2008/POLITICS/01/10/paul.newsletters/
http://www.alternet.org/blogs/peek/64968/ (watch the whole video) LOL
My favorite: http://www.stormfront.org/forum/search.php?searchid=5363954 |
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LoanPro71
2730 Posts |
Posted - 07/25/2008 : 6:33:37 PM
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quote:
Originally posted by dnuex2
quote:
Originally posted by toddblue
I gotta go with Loanpro on this one. Ron Paul is correct in the direction we are heading.
I pose this question. By what Constitutional authority does Congress grant the IRS access to our private credit transactions?
And dnuex, your "fuhrer racist Ron Paul" comment is so far off the mark, it would be funny if it weren't so obscenely incorrect. Please share with me on what you base this statement.
Go find it yourself, im sure Loanpro can provide a few youtube videos for you as well.
http://www.cnn.com/2008/POLITICS/01/10/paul.newsletters/
http://www.alternet.org/blogs/peek/64968/ (watch the whole video) LOL
My favorite: http://www.stormfront.org/forum/search.php?searchid=5363954
Yeah, I can provide the video that puts this silly racism charge to rest once and for all.
CNN's Wolf Blitzer interviews Ron Paul in this clip ... enjoy.
Copy / paste
http://www.youtube.com/watch?v=fcWPNx6Q3Cg
You can bet your a*s that if the charge of racism was legit ... CNN would have exploited it to the HILT ... and they didn't. I wonder why ??? Hmmmmm.....
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dnuex2
2990 Posts |
Posted - 07/25/2008 : 6:36:34 PM
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| So now you believe CNN? Flip-flopper you are... |
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The Professor
33 Posts |
Posted - 07/25/2008 : 6:43:00 PM
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I hate Ron Paulers...He cant sell anything and neither can his followers.
All they do is shout something like this "Constitution, wham wham wam, Revolutions...wham wham wam, Federal Reserve..blah blah"....
Ron Paul has some good points but he is terrible at delivering his message...obviously this is a trait that his followers emulate! |
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toddblue
2397 Posts |
Posted - 07/25/2008 : 7:28:08 PM
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quote:
Originally posted by The Professor
I hate Ron Paulers...He cant sell anything and neither can his followers.
All they do is shout something like this "Constitution, wham wham wam, Revolutions...wham wham wam, Federal Reserve..blah blah"....
Ron Paul has some good points but he is terrible at delivering his message...obviously this is a trait that his followers emulate!
Hey Juan, how are things in Albuquerque? I'm down in Ruidoso.
Ron Paul's message is quite complex when compared to the sound bites offered by other candidates. They can be difficult to express at times. But his belief in the limited role of federal government as directed by the Constitution (especially the 10th amendment) mirrors my own.
However, I am not a Ron Paul supporter for President. This can be evidenced in my previous threads. I am a Libertarian. Dr. Paul was running on the Republican ticket. I want a true Libertarian that is not afraid to run under the party banner. I will be voting for Bob Barr.
I do admire Dr. Paul for his accomplishments. And I get a kick out of his tenacious supporter | | | |
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