Good article about the amount of wealth that has been lost in this recession.

[PositiveOutlook]

"I'll take that any day over YOUR enemy....  THE TRUTH!!!"


LOL... the reason the search bar IS your enemy Fdjake, because it SHOWS who is telling the truth and being consistent... like I said - "think about that reality"...  Fortunately, you are not one of the moderators here, because based on your track record, I wouldn't put it past you to find a way to "modify" people's posts.... nice try though, junior...

Notice I am the one TELLING people to use the search engine...  NOT you...  Hmmm, I wonder WHY...      

Never mind the search engine, you are caught ALL THE TIME adding words to people's posts in your responses, and false accusations that you NEVER back-up, and mysterious PM'ers who leave you flapping in the breeze... so even WITHOUT the search engine, EVERYONE's got your number, FDjake...

"You can have Hoosier.....He's a PERFECT match for you.... He talks and talks but DOES NOTHING too!!!!!!"

He's his own man, and doesn't need to be "taken"... But I'd be happy to have an 18-year old politically aligned with me whose thinking is in line with the founding of the country, than someone who wants the government to do it all, even THOUGH the vast majority of the programs it supports BEYOND their constitutional role FAIL miserably... 

What you ADVOCATE people DIED in service of their country to protect us from...

Aside from that, he has shown that he can save money when he wants to, and at such a young age he will making a GREAT living as a nurse... if he continues with the saving, he's got an extremely bright future, whether he "agrees" with the self-proclaimed great Fdjake or not.... 

[Hoosier4life2005]

I just finished HS and am a full time college student, hardly counts as doing nothing in my opinion.  Sure, I didnt do the painting thing (called them 3 times, couldnt get a response), but come on jake.. stop bein silly.

I'll take that any day over YOUR enemy....

THE TRUTH!!!

You can have Hoosier.....He's a PERFECT match for you....He talks and talks but DOES NOTHING too!!!!!!

A match made in heaven.....Where ABORTION IS NEVER LEGAL!

[phlemboy]

That's truly a good article. But I think its important to remember a few differences between the wealthy and the middle class.

First. The wealthy (generally) have a much different view about money and how its made. They have a great respect for money. They use money as an employee whos job is to go out and make more money (when directed properly). The middle class (generally) has to work more hours for money and reduce expenses to create moe money. You can only cut so much and work so long. But money is the hardest worker if directed and respected properly.

Second. When you start to define wealth, the middle class' wealth is genrally tied to their home and 401k. The Richs' wealth is also tied to stocks and RE but on a much larger scale. According to the article, the rich won't return to their pevious levels without a bubble in the finacial markets. This will happen. it always does during these economic downturns. The rich accumulate assets like stocks and RE during these times. Its also during these times that the poor and middle class sell these asstets out of fear or desperation (Just like Potter did in "Its a Wonderful Life"). This accumulation will payoff during the next boom in these assets. The rich will continue to get richer because they know how to control their emotions of fear and greed when it comes to money. The Poor and middle class do not.. generally. I also think that when the credit markets get moving again, most people will not have learned their lesson and continue the same behavior because their view about money hasn't changed.