Skip to comments.A Nation Pawned (vanity)
Posted on 01/13/2013 2:18:33 PM PST by GeronL
Does this sound familiar? I have generalized it as much as I could but this is a real life example and a family that I know well.
Pawn Shop Lifestyle ...............
There is a family living on income from an annuity gotten from a lawsuit. They really have no other income.
They own a lot of large TV's, electronics of all kinds and laptops. BUT these are often in the pawn shop, for longer and longer spans of time.
They have gone to Peachtree or JG Wentworth and borrowed larger sums from their future annuity payments. Now they find that their monthly payments have dropped by several hundred dollars a month as the annuity automatically deducts repayment for those borrowings.
A few years ago they often went out to eat, movies and other things. Now they are wondering if they can afford mac'n'cheese or Ramen Noodles with their hot dogs. They used to drive a nice SUV but are now using a several-years old Kia.
Everything is pawned. The money is running out. The house isn't worth as much as it had been when bought, but there is no mortgage since they bought it when times were better. They know if they get a mortgage, they likely would not be able to make payments.
They have already decided what to spend their tax refund and annuity "bonus" on and property taxes was not on that list. They plan to sell the house in the summer and find a place somewhere else. The bonus had been $15,000 but they had "borrowed" that years ago and now it's only $2,000. Not even enough to get the stuff out of the pawn shop, and if they do... then what happens next month?
This country has borrowed from the future for so long that there will soon be nothing left, and that future is now soon arriving. The value of the dollar will drop pretty sharply and people will struggle to stay at the same standard of living they have now.
Just because we wanted more than we had, we will soon have very little.
I think I agree with others who say the entitlement system will break down. It is simply not affordable. There will be riots and all that when it happens but the money (or value thereof) really is going to run out. Eventually is looking a lot closer now than it was a decade ago too.
People are not going to accept reality after having been lied to for so long. They are accustomed to the entitlement mentality that created the pawn shop lifestyle and now pawn shop governing.
It's definitely not going to be pretty when it goes down.
Let me guess...malpractice settlement?
not exactly. They were drilling for soil samples and an overhead powerline that Reliant said thrice was not in use electrocuted him, he lost half an arm.
Obama getting elected twice = A Nation Pwned
pwned and pawned too!!
Yes, but we don't know when. We just don't know how long this house of cards will hold. People keep saying Japan can't fall any further into debt or their economy will implode, but so far they've been able to keep kicking the can quite successfully. We hear the EuroZone can't possible hold, but it does - and may for a long time to come.
We really just don't know how long this can go on. Five years? Twenty? If you read doom sites like ZeroHedge you'd think the economic collapse is just around the corner, but they keep saying that and we (and Europe and others) keep kicking the can. Economic bears say soon we'll see hyperinflation and the market will tank, but that just keeps not happening. There is no doubt the market and our economy are unhealthy, but it may be a very gradual decline over generations. Slow enough that there is never any rebellion against the secular socialist path that is causing our descent.
Then again, it really could just implode. There is no way to know. There is a massive middle class rising in China, India, etc. That is going to be a huge market for someone. There is a dramatic shale boom going on in many states in the US that few people predicted - that is helping lift economies in the Dakota's and elsewhere.
I think you have to plan for the worst, have a bugout bag ready, etc, but assume the decline of America and the West will very possibly be gradual. A painful wind down of once great nation, one that happens too slowly to shake people from in front of whatever the latest realityTV show is hip.
That is always possible
I don’t think it’s going to be a smooth ride down the toilet bowl though
They can't print $$$ like BHO can, and bailing individual states out is the one thing I don't think Barry can pull off. That WILL be the other states line in the stand. (Hope so.)
The “services” are starting to be cut NOW. Holder's People don't like when their services are cut. I see massive civil unrest in Oakland, South Central, etc. SOON. The same in all the other cess pools run by libs ala Dear Reader's home town Chicago.
I guess this is all part of the Alinsky model...but I can't figure out what Obama gets out of pissing off all of the “takers”....Hmmmm. Time will tell.
So this isn’t an allegory??
Comparing the country to a single family?
Is it still allegory if its a real family? or just an example?
I guess this is all part of the Alinsky model...but I can’t figure out what Obama gets out of pissing off all of the takers...
He gets an army who are entitled to anything they want. Barbarians will have nothing on that mob.
And it is a deep mob for that entitlement crosses color line. I just listened to a uniion guy on disability who took his mony as a chunk and invested it poorly. He was talking about those who dont pay their fair share. It was disgusting to listen to.
I think if do implode it will be especially messy because of the total loss of confidence in all our institutions. We are riding this debt bubble and being told all is well, but I think there is a feeling of anxiety among the producers who know there is something fundamentally sick about our economy. The media, government, ratings agencies, tell us debt and deficits don't matter, that we can spend our way to prosperity, but I think the smarter people understand that can't last. And when everything goes pear shaped, I think vast swaths of the population are going to wake up and realize they can't really trust any of our major institutions. It's hard to rebuild under those circumstances.
Saying that, I really do think we have to assume that nothing dramatic happens anytime soon. We can't have conservatives dropping out of the system because they are convinced everything's going to hell, only to see that not happen at all - and lose right of center participation along the way.
When I first read this vanity, I thought it was like one of Jesus’ parables (an allegory?).
Then I read your response in post #3 and realized that this story is true.
I don't understand "what" is supposed to happen........every country is in bad shape.......if we default...which means were not going to pay anybody...then I assume other countries will simply say ...no more lending....but they GOT to lend...they got to buy and they got to sell...so we're in this all together....
I can understand massive inflation....out money will be meaningless and we'll have to send more and more out...our retirement accounts are basically trashed...we'll live a lot smaller lives....
and all because to get elected the ratfaces gave away billions to their friends in banking and in the corporate world, to the unions, and to the lazy non workers....the workers paying taxes will loose it all....
It’s a pretty sad mess to get yourself and your family into.
Even they are racking up deficits.