Old Money,New money, Working Money

Discussion in 'Off-Topic' started by loosewire, Jan 9, 2010.

  1. loosewire

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    Apr 25, 2008
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    There are people that are born Into trust fund that set them for life,
    attorney pass this on as the previous attorneys pass on,that the old money.

    The new money is earned from stocks and business luck.

    Working money is government jobs,that is called big government.

    Contracting money will never go away,you need change thus you
    need contractors that you have no control over,the fine print and
    levies on your property. No choice with attorney fees and liens.

    Working money that has to pay your bills as they come due.

    A court systems that worked against you.

    A system that requires you to share your changes you make with
    your wealth.

    There a middle man for your wealth no matter you are.

    Ther no changing this,you are a part of the system.

    The white collar guys go to a place where they get there needs
    met,sex included no pressure other than getting up early and
    use there money to contol there handlers.

    Human nature get use to it.
     
  2. beenthere

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    It's amazing how many people expect to live very well from doing no more than passing other people's money from one place to another.
     
  3. maxpower097

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    I think its even more surprising how many people actually live very well from doing no more than passing other peoples money from one place to another. Fact is most old money comes from illegal activity. Most of the family fortunes were made on the other side of the law. For example take the Kennedy fortune with produced a president and many other political powerhouses. Who would of thought their dad and al capone were in the same business.
     
  4. loosewire

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    You miss the point how does the money last so long without
    being taken by attorneys and crooks,answer that.
     
  5. loosewire

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    No matter who on line some one share your money Even an ditator
    has to have a to pilot fly his money out to greedy banks. So tell me
    where all the gold is.
     
  6. maxpower097

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    Very easily. Do you know how much you make off of interest just having 5 million dollars in the bank? Then imagine that 5 million dollars in a proper investment portfolio. An old saying goes "It takes money to make money." :) Or take that 5 million dollars and buy real estate. If you had bought 5 million dollars in real estate in the early 90's you could have sold it for 50 million in 2005. Thats why Malcom from malcom in the middle makes more money from real estate then acting. So he quit acting and decided he wanted to be a race car driver. lol. Another example would be all the social networking websites. Myspace , facebook, youtube, twitter, etc.. These guys didn't invent the wheel. They just took ideas others were doing and put more money behind it, thus they win.
     
  7. maxpower097

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    Last edited: Jan 9, 2010
  8. loosewire

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    You till don't get the point,fast money is one thing,I'm talking about
    that money lasting decades,40,50,years as a trust without someone
    being in charge taking it.The money survives,you know a lot of people
    will try to take the money.There something there that would make us smart
    to know. There a lot of people who make fortunes in real estate,like you say they sell
    it.WE are talking about money that is old and solid,I know you will give up
    because its hard to under stand a handshake that last 50 years.I have an
    opinion,but you wouldn't be able to sleep tonite.
     
  9. loosewire

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    Electroic Forum I image that all the tarp losses were electronic
    tranfers causeing all the over night loss in private funds,so where
    was the safe money? How many years were the Kenndy's in
    government,40,50 years?
     
  10. maxpower097

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    I'm not sure what your talking about exactly but may be this will help. I have a relative that inherited 5 million at 18, 10 million at 21, and 15 million at 25. He litterally makes more money off of investments and interest then he can spend. So mean while living like a king buying boats, houses, business, etc... on whims he still makes more money each year then he can spend. Once you've reached that amount of wealth its actually pretty hard to get rid of it.
     
  11. maxpower097

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    Sounds like you just talking about old fashion american corruption?
     
  12. loosewire

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    I had an International thought,,an unplained event that happen on
    911,that has baffle the world to this day.
     
  13. Nanophotonics

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    Apr 2, 2009
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    Maybe it's about the gold equivalent. The precious stones that equal to the paper money.
     
  14. maxpower097

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    That was before mainstream credit. I don't think we have near as much gold as dollars now. That would also depend on each country's economy.
     
  15. Paulo540

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    Nov 23, 2009
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    We have no where near the amount of gold as cash, hence inflation.
     
  16. maxpower097

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    Thats another way the mega wealthy stay wealth. If you put your money into gold in 1995 when it was $315 oz, today its worth $1000+ and climbing. Thats 300% profit for doing absolutly nothing but investing money in gold.
     
  17. beenthere

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    Doesn't always work out, though. Remember the Hunt brothers trying to corner the silver market.
     
  18. Nanophotonics

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    We work for the system, but we can't individually control the system, it controls us. I wonder about the validity of banknotes.
     
  19. retched

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    Nixon took the us off of the gold standard. PRE-Nixon, a dollar bill was a "contract" stating there was $1 worth of gold in our reserves for that printed bill. Now, the dollar represents many things, which can be added to. The dollar can represent a dollar worth of realestate, or what other countries are willing to pay for our natural resources, or even what our labor is worth.

    Want to really piss yourself off, read up on how we could have to pay China back for the TARP loans. If we miss payments, we have to give them land, or people(labor).
     
    Last edited: Jan 10, 2010
  20. loosewire

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    $30 million over 7 years how much interest,how much in fees to handle money.
     
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