topic Re: Deja vu in Community Spirit

Deja vu

martinw-48 — Tue, 25 Feb 2020 08:11:33 GMT

https://youtu.be/mkWWiYA0Y3I

Re: Deja vu

kopenhagen5 — Tue, 25 Feb 2020 08:24:27 GMT

Here in Aus -

1989.................crash

2009.................crash

2029.................due for the next crash ?

Re: Deja vu

icyfroth — Tue, 25 Feb 2020 08:26:54 GMT

@kopenhagen5 wrote:
Here in Aus -

1989.................crash
2009.................crash
2029.................due for the next crash ?

Yep, and it's coming....I don't know if I'm ready but I'm bracing myself.

Re: Deja vu

martinw-48 — Tue, 25 Feb 2020 08:30:36 GMT

According to the twenty years theory then there should have been one in '69 and '49.
Pretty certain it has nothing to do with time frame.
As mentioned in the video we're in exactly the same situation as in 2008

Re: Deja vu

icyfroth — Tue, 25 Feb 2020 08:44:12 GMT

@martinw-48 wrote:
According to the twenty years theory then there should have been one in '69 and '49.
Pretty certain it has nothing to do with time frame.
so As mentioned in the video we're in exactly the same situation as in 2008

So your'e confident your government can bail you out again, this time around?

Re: Deja vu

go-tazz — Tue, 25 Feb 2020 09:42:55 GMT

Basically it's the same as always in that the rich want to be richer and they don't care how they do it as long as

they make money and the rest of the people don't matter.

As most politicians worldwide fall into that category it's easy for them to just dictate the laws to suit themselves

and the government can't help this time as they don't have a Telstra or gold reserves to sell.

Re: Deja vu

icyfroth — Tue, 25 Feb 2020 11:03:06 GMT

@go-tazz wrote:
Basically it's the same as always in that the rich want to be richer and they don't care how they do it as long as

they make money and the rest of the people don't matter.

As most politicians worldwide fall into that category it's easy for them to just dictate the laws to suit themselves

and the government can't help this time as they don't have a Telstra or gold reserves to sell.

Ok. So where does that leave Jo Citizen and their savings and superannuation? Up ship creek?

Re: Deja vu

rogevibe — Tue, 25 Feb 2020 11:17:30 GMT

The economic tide goes out , the economic tide comes in - seek shell fish on the ebb , fish when rising - there is money to be made either way

Re: Deja vu

martinw-48 — Tue, 25 Feb 2020 11:45:16 GMT

Not for the poor.
We don't make money in either situation.
The rich make money either way.
I lost heaps of super in the GFC so much so that my super no longer made enough interest to cover the fees and it just went backwards from then on but ultimately I don't care because I don't want to live long enough to get it anyway

Re: Deja vu

go-tazz — Tue, 25 Feb 2020 12:55:17 GMT

@martinw-48 wrote:
Not for the poor.
We don't make money in either situation.
The rich make money either way.
I lost heaps of super in the GFC so much so that my super no longer made enough interest to cover the fees and it just went backwards from then on but ultimately I don't care because I don't want to live long enough to get it anyway

Mine is now in a holding fund which only adds CPI interest and ultimately will be put with the tax office until I can

receive it so they tell me but with them being invloved I reckon it could get lost not that it is a lot.

My BIL had enough to do him but lost over 65% when it alll crashed and is now on a part pension.

The crash put a lot of self funded or those that were going to be self funded in a hole which they've haven't

recovered from.

Re: Deja vu

rogevibe — Wed, 26 Feb 2020 12:30:51 GMT

@martinw-48 wrote:
Not for the poor.
We don't make money in either situation.
The rich make money either way.
I lost heaps of super in the GFC so much so that my super no longer made enough interest to cover the fees and it just went backwards from then on but ultimately I don't care because I don't want to live long enough to get it anyway

For some reason the system seems to work in Australia despite the 1% controlling 50% of the private asset value , private wealth

Re: Deja vu

chameleon54 — Wed, 26 Feb 2020 13:38:56 GMT

@rogevibe wrote:
The economic tide goes out , the economic tide comes in - seek shell fish on the ebb , fish when rising - there is money to be made either way

Fortune favours the brave... those who take the time to research and understand how things work, do the risk assessments and then make calculated, intelligent decisions and act on them.

Meanwhile the ones who sit on their hands doing nothing and then blaming others for all their woes complain they miss out.

If someone is not happy with their life, there's only one person who can make the changes to improve things. The government is not going to fix it, the council is not going to fix it and whinging on this forum is not going to fix it. It all comes down to the individual to take responsibility for their own destiny.

Re: Deja vu

martinw-48 — Wed, 26 Feb 2020 20:36:47 GMT

Where exactly am I blaming others
All my problems are do to my poor health.
Every time I get ahead I develop serious medical issues that send me backwards.
Which is where I'm at one more.
My dominant arm is absolutely useless ATM and because my left arm has tennis elbow that's not much use either.
I can't even pursue my hobbies ATM.
I then lose even more because I have to sell stuff to stay alive because the Government benifits aren't enough to keep you alive
I just had to sell my last dream.
My twelve metre by nine metre shed.
That was going to be my museum and slot car racing club.
These two things would have given me something to do that I enjoy and might have been a small income stream.
So just because I don't like to brag about my ventures in life doesn't mean that I don't try and make things happen.
I'm actually sick to death of your relentless pursuit of me to whinge at me about the same thing ad infinitum.
It's really feeling like stalking.
How is you shoving your success down my throat meant to help me get over my failures.
Can't you see that your making my failures worse.
Or do you enjoy kicking people when they're down.
Or just enjoy kicking me

Re: Deja vu

martinw-48 — Wed, 26 Feb 2020 20:54:50 GMT

Fortune favours the brave, especially if those brave already have some money

Re: Deja vu

chameleon54 — Wed, 26 Feb 2020 22:19:40 GMT

My comments where directed at rogespeeds post martin, not yours. ( you are reading too much into them ) They where simply an addition to the comments he made about fishing using different methods to suit the tides.

So a disclaimer.... the following is general comment only

As for who I had in mind when writing them, they where a generalisation only about the sad, toxic attitudes that seem to prevail on many of the community forum threads. Regulars spend hours, days and weeks whinging about how sad their lives are, but blaming the government or others for everything that is going wrong in their lives instead of making any efforts to address their own personal issues.

A classic example is the " diary of our stinking government " thread. Years of whinging by the same people, who never seem to say or do anything positive themselves to actually address the issues or make their own lives better. On top of that they vilify and denigrate anyone who actually gets off their butts and gets their hands dirty, putting in some effort to make a real difference.

Its exactly the same with managing personal finances during recessions. Those who have made preparations for the inevitable bad times over many years, structured their affairs to manage economic crisis, educated themselves on economic cycles etc. will be in a position to come through OK and possibly even advance their economic position. Those that do nothing to prepare will struggle.

Another thing regularly forgotten is that wealth is a state of mind. Everyone in Australia is incredibly wealthy. Martin I understand you own your own home on a large block of land. Purchased through frugal use of your centrelink payments and wages. Compared to a family living on a rubbish dump in India or some of our Asian neighbours, you are living like a king or a god.

Wealth can come in other forms. It can be through family and friends or lived experiences. Like all things, how wealthy you are is just a state of mind. If people treasure the good things they have ( like their own home or loved ones ) they are wealthy. If they always look on the negative side, whinging about everything and blaming others for their perceived misfortune ala ' diary of a stinking government ", their lives will end up toxic, angry and very bitter. Its all comes down to personal attitude and taking opportunities, no matter how small, when they present themselves.

Re: Deja vu

chameleon54 — Thu, 27 Feb 2020 02:36:42 GMT

@martinw-48 wrote:
Fortune favours the brave, especially if those brave already have some money

There is some truth in this, but recognising and grasping opportunity is something anyone can do anytime, regardless of financial position. The most important ( and possibly difficult ) thing is to think independently and not follow the group. This seems almost impossible for some, judging by the forum posts of many regulars.

The people who lose in a financial crisis are the ones who believe all of the scare mongering of the media and noise of social media. The group panic's and stampedes for the exit doors of share markets and property. They dump investments in panic or financial duress and prices crash. The ones who make a fortune understand this natural human reaction and either trade on the fear or wait patiently until the bottom of the cycle is near and then purchase solid, long term assets at bargain basement prices.

The claim that you can only do this if you are wealthy is incorrect for many. If you own your own home outright, ( as some on these forums have indicated they do ) now would be a good time to use the equity to establish a line of credit to be used for buying cheap assets later. At the depths of the crash, it will be too late as banks will not lend the money.

The question is, who has the courage to go against the crowd mentality and start planning and putting things in place now ? Fortune definately does favour the brave.

Re: Deja vu

icyfroth — Thu, 27 Feb 2020 04:08:49 GMT

Re: Deja vu

icyfroth — Thu, 27 Feb 2020 04:50:20 GMT

@martinw-48 wrote:
Where exactly am I blaming others
All my problems are do to my poor health.
Every time I get ahead I develop serious medical issues that send me backwards.
Which is where I'm at one more.
My dominant arm is absolutely useless ATM and because my left arm has tennis elbow that's not much use either.
I can't even pursue my hobbies ATM.
I then lose even more because I have to sell stuff to stay alive because the Government benifits aren't enough to keep you alive
I just had to sell my last dream.
My twelve metre by nine metre shed.
That was going to be my museum and slot car racing club.
These two things would have given me something to do that I enjoy and might have been a small income stream.
So just because I don't like to brag about my ventures in life doesn't mean that I don't try and make things happen.
I'm actually sick to death of your relentless pursuit of me to whinge at me about the same thing ad infinitum.
It's really feeling like stalking.
How is you shoving your success down my throat meant to help me get over my failures.
Can't you see that your making my failures worse.
Or do you enjoy kicking people when they're down.
Or just enjoy kicking me

Just curious. Are you typing one-handed?

Re: Deja vu

*kazumi* — Thu, 27 Feb 2020 04:58:42 GMT

@martinw-48 wrote:
Where exactly am I blaming others
All my problems are do to my poor health.
Every time I get ahead I develop serious medical issues that send me backwards.
Which is where I'm at one more.
My dominant arm is absolutely useless ATM and because my left arm has tennis elbow that's not much use either.
I can't even pursue my hobbies ATM.
I then lose even more because I have to sell stuff to stay alive because the Government benifits aren't enough to keep you alive
I just had to sell my last dream.
My twelve metre by nine metre shed.
That was going to be my museum and slot car racing club.
These two things would have given me something to do that I enjoy and might have been a small income stream.
So just because I don't like to brag about my ventures in life doesn't mean that I don't try and make things happen.
I'm actually sick to death of your relentless pursuit of me to whinge at me about the same thing ad infinitum.
It's really feeling like stalking.
How is you shoving your success down my throat meant to help me get over my failures.
Can't you see that your making my failures worse.
Or do you enjoy kicking people when they're down.
Or just enjoy kicking me

Who are you talking to? You seem to be replying yourself. Yo needto click on the reply at bottom of people's posts.

Re: Deja vu

wide-world-of-stamps — Thu, 27 Feb 2020 06:32:31 GMT

Martin only has a phone, not a computer.

Apparently the app shows a poster always replying to themselves.

So, he's not deliberately confusing us, it's just due to his use of the app.