Comments on: Stitch in Time http://dailyreckoning.com/stitch-in-time/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 17:10:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jason Calley http://dailyreckoning.com/stitch-in-time/#comment-18056 Jason Calley Mon, 10 Aug 2009 11:35:12 +0000 http://dailyreckoning.com/?p=17694#comment-18056 Brilliant article and some really insightful comments from those posters before me. Brilliant article and some really insightful comments from those posters before me.

]]> By: oldbill http://dailyreckoning.com/stitch-in-time/#comment-17822 oldbill Sat, 08 Aug 2009 13:14:55 +0000 http://dailyreckoning.com/?p=17694#comment-17822 A person is rich when he does not have to borrow any money to sustain what he considers a satisfying lifestyle. Those who are truely wealthy, aren't concerned about borrowing. They are concerned about their health. We didn't go to college. We volunteered for the Marines and went active in the month the Marine Corps had its largest draft in history, June, 1966. This visit to the real world taught a lesson that cannot be learned in books, about life and wealth. Be content with what you have and enjoy today. Don't take your next breath for granted. Life is not the things you possess today or tomorrow. Let no debt go unpaid. Owe no one anything but to love them. A person is rich when he does not have to borrow any money to sustain what he considers a satisfying lifestyle. Those who are truely wealthy, aren’t concerned about borrowing. They are concerned about their health.

We didn’t go to college. We volunteered for the Marines and went active in the month the Marine Corps had its largest draft in history, June, 1966.

This visit to the real world taught a lesson that cannot be learned in books, about life and wealth.

Be content with what you have and enjoy today. Don’t take your next breath for granted. Life is not the things you possess today or tomorrow. Let no debt go unpaid. Owe no one anything but to love them.

]]> By: JMR bayou bobby http://dailyreckoning.com/stitch-in-time/#comment-17800 JMR bayou bobby Sat, 08 Aug 2009 09:12:54 +0000 http://dailyreckoning.com/?p=17694#comment-17800 "But the more economists try to stitch up the future; the more it gets away from them." __________________________________________ Sew faster! The bastards who have subsumed reason and humanity have established a mentality of 'Do more, better, faster, for less money.' Sew faster! “But the more economists try to stitch up the future; the more it gets away from them.”
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Sew faster! The bastards who have subsumed reason and humanity have established a mentality of ‘Do more, better, faster, for less money.’

Sew faster!

]]> By: Jason http://dailyreckoning.com/stitch-in-time/#comment-17733 Jason Fri, 07 Aug 2009 21:51:19 +0000 http://dailyreckoning.com/?p=17694#comment-17733 Erik: we felt richer, but the reality was that we were buying junk that needed to be replaced all the time, either because it was just plain junk that broke or it was quickly outmoded by a new technology. Erik: we felt richer, but the reality was that we were buying junk that needed to be replaced all the time, either because it was just plain junk that broke or it was quickly outmoded by a new technology.

]]> By: steverino http://dailyreckoning.com/stitch-in-time/#comment-17722 steverino Fri, 07 Aug 2009 20:38:26 +0000 http://dailyreckoning.com/?p=17694#comment-17722 1968--graduate school (with other draft avoiders)--The Q: How do you know when a person is rich?.......The Ans.: A rich person can borrow a half-a-million dollars. ...... Today, it would be about $2.5 mil., but the underlying "economic principle" still applies...til ??? Hi Ho!! 1968–graduate school (with other draft avoiders)–The Q: How do you know when a person is rich?…….The Ans.: A rich person can borrow a half-a-million dollars. …… Today, it would be about $2.5 mil., but the underlying “economic principle” still applies…til ???

Hi Ho!!

]]> By: Erik http://dailyreckoning.com/stitch-in-time/#comment-17720 Erik Fri, 07 Aug 2009 20:26:30 +0000 http://dailyreckoning.com/?p=17694#comment-17720 Americans since the mid-70s have stolen from the future in more ways then just monetary debt. Even though income hasn't improved much in real terms, we felt richer our buying power nevertheless increased. This is primarily due to two factors: 1. The industrialization of agriculture and the shift in government farm subsidies towards a preference for unlimited cheap corn. 2. The offshoring of manufacturing jobs and the Wal-Martization of America. Food and consumer goods became cheap, and we were happy. We FELT like we were making more money. Now we're obese from the cheap, low-quality food and unemployed, underemployed, or employed with zero hope of job security. Debt is not the only thing we traded forward for "future us" to deal with. Americans since the mid-70s have stolen from the future in more ways then just monetary debt. Even though income hasn’t improved much in real terms, we felt richer our buying power nevertheless increased. This is primarily due to two factors:

1. The industrialization of agriculture and the shift in government farm subsidies towards a preference for unlimited cheap corn.

2. The offshoring of manufacturing jobs and the Wal-Martization of America.

Food and consumer goods became cheap, and we were happy. We FELT like we were making more money. Now we’re obese from the cheap, low-quality food and unemployed, underemployed, or employed with zero hope of job security.

Debt is not the only thing we traded forward for “future us” to deal with.

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