You know times are tough when you ask to borrow money off of someone who just picked a fight with you (yes, have actually seen it!)
there is old thread called tough times. See it at: http://www.sciforums.com/showpost.php?p=2228116&postcount=98
That is the general idea, but it gives posters chance to show their creativity. I did not expect it to run so long before sinking into the archieves.
You know times are tough when the IMF needs to BORROW money from Brazil! "The International Monetary Fund is considering selling bonds to several developing countries to raise money ... China and Brazil are among a handful of nations that have expressed interest in purchasing the securities ..." From: http://www.bloomberg.com/apps/news?pid=20601087&sid=ai8Eko7vcXBk&refer=home Both China and Brazil have huge* reserves in Dollars and both are becoming concerned that these dollars may not be worth much soon. By lending to the IMF, they get diversification, as many different nations back (will pay) the IMF's debts. ---------------- *China's are much larger than Brazil’s but both have many more dollars than they need to keep their currency sound. Brazil's central bank holds more than 200 billion dollars and does not owe one cent to anyone, but the Brazilian people. (All fiat currencies issued by central banks are debts of their people. Some day American will pay for the trillion of so that the FED has added to the money supply in the last year alone. Surely that will be by inflating the debt away. That is what China and Brazil fear. -A near worthless dollar. It will be good for Brazil to loan IMF in dollars if the loan must be repaid in Brazilian Real. If repaid in dollars, why lend to the IMF? - That would not protect against a dollar collapse unless the principle to be repaid is dollar inflation indexed, like the US Treasury TIPs I own are.)
You know times are tough when: Susan Boyle starts looking good. The Weed Man phones daily for your business and you live in an apartment.
Dude.. she's HOT ! Please Register or Log in to view the hidden image! P.S. I take it your user title has nothing to do with your post here ? Please Register or Log in to view the hidden image!
You know times are tough when you... Can no longer afford shampoo and have to switch to the real thing... look at your pets as a meal for special occasions... offer yourself as prostitute in trade for gas...
You know times are tough when: A fellow member takes on the persona of your usernamePlease Register or Log in to view the hidden image!
Yes, and more barter deals is more evidence of the dollar losing the faith that gives it value, but all hell will break loose when whores only barter their services. For example, what is a Congressman to do? -Pass a law for them? I can see where this all leads: The WhoreBuck. I.e. script to circulate that states: "Good for one fuck, by under 35 whore of your choice, or two fucks by over 50 whore."
You know times are tough when: You have to meet guys by entering the "Carpenter's Dream Girl" pageant
You know times are tough when the sick don't seek help:" "More patients are postponing healthcare due to cost, according to a study released today by the Healthcare business of Thomson Reuters. A total of 20 percent of U.S. households postponed or cancelled care in the past year, a sharp increase from 2006. Among those who postponed or cancelled care, 24.1 percent of households cited cost as the primary reason..."
You know times are tough when Obama distorts* motives: "...“While many {Chrysler} stakeholders made sacrifices and worked constructively, I have to tell you, some did not,” Obama said in announcing the {Chrysler bankruptcy} filing today in New York. “In particular, a group of investment firms** and hedge funds decided to hold out for the prospect of an unjustified taxpayer-funded bailout.” ..." FROM: http://www.bloomberg.com/apps/news?pid=20601087&sid=aPuApxcPsHBU&refer=home It is simple, I think: Taking $2.25 for every $6.9 dollars you are owed is not a good deal to a bond holder. Even without a tax payer bail out, bond holders should do better than that as they have a high priority claim on proceeds of sold assets. I think the highest claim is un paid worker's salaries. Then some of the parts suppliers, then bond holders. If I am wrong on this, please correct. It may depend on how health care plans are funded. Dyamer agree to pay 200 million last week into that fund just to be allowed to walk away from its 19.9% ownership of Chrysler. BTW, GM has until 26May to make its final plan to avoid bankrupcy. Current version of the plan to deal with bond holders is to offer only 8 cents on the dollar. - There is no way that will fly. I.e.Times are tough when reason is abandoned to wishful thinking. --------------- *I may be wrong on this being a distortion of motives - If I am not, it is the first time AFAIK that Obama has been anything less than 100% honest. **Oppenheimer fund, Perella Weinberg Partners & Stairway Capital were three refusing the offer according to my local paper today.