The Economics of being Frugal

[imrichyournot]

shes lucky shes hot. "I would recognize the enviromental implications and probably refuse the gift."

[gaston1966a]

I would write u a song... I like u

[aronking6792]

Best part of the video was 3:48 - 3:49

[faheeta]

It almost looks like ur wearing a KKK hood

[upsidesmile]

So obviously, I am not an economist.

Oh well.

[LaDhy]

you all watch zeitgeist adendum and maybe you understand a thing or 2 about economics. blessings. Frugal rocks;)

[pinoyonabike]

False. From frugality, you will be shifting the business surplus to your own surplus. In effect, a frugal consumer will free up more of his money for investments -- which in turn will generate more value.

[markymarkuss777]

You don't your facts too well. We are in uncharted waters right now. They are saying you can't even compare this to the Great Depression because it's much much worse. It's the perfect storm of everything that could go economically. This American ship is going down. Buy storable food and water.

[upsidesmile]

You're right - I don't know my facts too well, as "I have a limited understanding of economics". Feel free to post a video response with more specified facts.

Also, I wasn't so much trying to compare this to the Great Depression, I was moreso saying that if we all stop buying so much, it probably won't cause another significant depression... and that the pros of consuming less would out-weigh the cons.

[InfernoAD]

OK I tend to consider myself pretty up on current events. First election year, all the doom sayers are screaming about how bad things are. Change, Change we need change. Look at the economy as a whole over the past 30 years. It has been a roller coaster of ups and downs. Yes right now we are entering a recession. But don't freak out, several things happened at once that caused consumers to slow spending. Housing marked crashed and gas prices have been on the rise. This will pass, don't jump yet!

[markymarkuss777]

Someone just commented under mine tonight, and now I see I saw this video 8 months ago. I just now watched it all again, and I hope you've changed your mind about another Depression being HIGHLY UNLIKELY. As we are seeing it all unfold before our eyes. But some other points that I'd like to share with you. What makes a nation great and strong is not CONSUMPTION or DEBT. What makes a nation great is SAVINGS and PRODUCTION. *I will explain more under this comment.*

[markymarkuss777]

The reason I saw all this coming (as you can see from my comments predicting it 8 months ago) is because I may not be an expert in economics either, but you don't need to be when the fundamentals of economics are pretty simple to understand. America sold out their manufacturing base under the Free Trade Agreements (NAFTA, GATT, etc.) This has caused Americans to lose their jobs. So as this happened the GDP or strength of our economy switched from PRODUCTION to 70 percent CONSUMPTION.

[markymarkuss777]

You have a nation that is dependent upon people spending. With none of the manufacturing jobs, Americans were forced into tapping into their credit lines (Home Equity, credit cards) This is why we have had such a strong economy since 2002 is because it has been a phony economy based off of people spending DEBT to buy things they want. Now that the housing prices are beginning to fall, and the credit card companies are no longer lending, neither are the banks, the American public is tapped out!

[markymarkuss777]

So in the past couple years the stock market has been cut in half, and millions more jobs were lost this year. With this continuing trend, along with the fact that our manufacturing base is pretty much completely wiped out, we are now faced with a very bad situation. It will take years, if not a whole decade for us to regain our economic strength through creating new manufacturing jobs. We have now run up a 10 trillion dollar debt, and a 4 trillion dollar trade deficit.

[markymarkuss777]

Now that we aren't able to pay back foreign nations like China for this debt, and the U.S. Government along with the Federal Reserve printing money and pumping it into the economy, the value of the dollar will begin to go down. Which will make other foreign nations de-peg their own Fiat Currency (Paper money) from the U.S. Dollar. Which will create The Mother of All Depressions, which I stated 8 months ago. This Depression won't be like 1929-30's. This Depression will be Hyper-Inflationary.

[markymarkuss777]

The first Depression was Deflationary where the money still had value, but there wasn't enough money going around. This will be Hyper-Inflation where there will be TOO MUCH money floating around. When you create more of something, what happens to the value of it? It goes down! I am now predicting within the next 9 months that our U.S. Dollar will be pretty much worthless. If you have U.S. Dollars, your best bet is to spend it first and foremost on food and water, and then gold/silver if you can.

[markymarkuss777]

I was right about this 8 months ago when I commented on this video, and I'm 99.9 percent sure I'm right about the next 9 months. This economic situation isn't that hard to understand if you look at the bigger picture. Americans don't have jobs, and now they can't tap into credit lines to run up anymore DEBT. China has recently said it will no longer lend anymore money to American banks. America is turning into a 3rd world nation, and it will become one by 2012. Take precautions now!

[rubeef2]

they they they

This is about each of us acting as an individual. Embrace the downfall of the wasteful capitalist cesspool we so PROUDLY call home. Even though recession is a temporary condition, if your eyes were truly open it would bring a smile to your face. Any idea why the cost of a gallon of gas in the UK is $5.32USD, & I just filled my tank at $1.89? The Hoover administration realized consumerism = numb happiness for the masses. Drink beer, watch football. All is well.

It's lasted too long

[markymarkuss777]

Severe Recession 2008! Mother of all Depressions 2009! Prepare yourselves people!

[upsidesmile]

AHAHAHA quit lying i know you aspire to be a yo-yo master...

plus it's easier to store yo-yo's than hula hoops!

(okay actually when i was little i really did have a yo-yo collection... i had like 12. they were really cool.)

[InfernoAD]

How did you know about my Yoyo collection, your really freaking me out! OK that was a joke, I don't collect Yoyos I collect hula-hoop's.