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Thread: Student debt bubble popping

  1. #81

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    Time to whip out the Ron Paul warnings so we can wave them all over the statists faces and say "HE TOLD YOU SO MOTHAFUCKA!"
    For the Republic! For the Cause!
    "And for God's sake don't do what you are fucking told! Ok? Do not take orders from anybody. You think for yourself."
    -Penny Freeman (Being a badass on Adam vs. The man)
    http://www.youtube.com/watch?v=dX4DdfSGiFs


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  3. #82
    Member Zippyjuan's Avatar
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    Quote Originally Posted by torchbearer View Post
    curious, what happened to cause the turn around?
    would that be Volker's rate rise?
    Pretty much. Inflation had been persistant and high. To fight that, interest rates were raised to as high as 20%. The cost was higher unemployment which hit 10% but as the rate of inflation declined, stocks rose and the price of gold fell. Lasted 20 years.
    Freedom is a state of mind. Nobody can take that from you unless you let them.

  4. #83

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    Quote Originally Posted by dannno View Post
    No, everything else degrades over time. Gold does not rust and degrade. It holds many physical properties that make it an exceptional choice for storing of value.
    No, that's not my question. You look to all recorded history to back up your claim that "gold is the best store of value", do you ever look to all history for any other kind of advice? Such as "for all of history home ownership, tv ownership, internet usage was either rare or non existent, therefore these all be non-necessities"?

  5. #84

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    Quote Originally Posted by Tpoints View Post
    No, that's not my question. You look to all recorded history to back up your claim that "gold is the best store of value", do you ever look to all history for any other kind of advice? Such as "for all of history home ownership, tv ownership, internet usage was either rare or non existent, therefore these all be non-necessities"?
    No, I don't expect to have my tv in 100 years, but I might want to store my wealth for my grandchildren to have in 100 years.

  6. #85

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    Is going to college necessary to land programming/developing jobs or can getting certificates cut it? Wondering if going to school is worth it.

  7. #86

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    Quote Originally Posted by Machiavelli View Post
    Is going to college necessary to land programming/developing jobs or can getting certificates cut it? Wondering if going to school is worth it.
    for a minute I thought you meant land developer, but no, I don't think programming and coding jobs require a college degree, here's why :

    The recent rise in demand of programmers and coders are for UX/UI, Objective C (iPhone apps), Java (Android apps), so if you can find a way to learn it, secure a few gigs, build your portfolio, you're more employable than a person with a degree but no experience. The experience is the hard part, getting somebody to trust, and pay you. Paying to get a college degree is easier, in that you can control your time and money if you're willing to do it.

  8. #87
    Member newbitech's Avatar
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    where is the option to use my social security funds to pay off other federal debts?

  9. #88
    Member Zippyjuan's Avatar
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    Quote Originally Posted by newbitech View Post
    where is the option to use my social security funds to pay off other federal debts?
    You don't really have "your" social security funds (and neither do "they"). There is no "trust fund" where the money you pay in is kept safe and invested until you are elgible to collect on it. Taxes taken in this year pay expenses for this year.
    Freedom is a state of mind. Nobody can take that from you unless you let them.

  10. #89

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    Quote Originally Posted by Zippyjuan View Post
    You don't really have "your" social security funds (and neither do "they"). There is no "trust fund" where the money you pay in is kept safe and invested until you are elgible to collect on it. Taxes taken in this year pay expenses for this year.
    qft. Calling it a Ponzi Scheme is being polite.
    Quote Originally Posted by Ron Paul
    The government is incapable of doing what it's supposed to do. A job like the provision of security is something best left to private institutions.
    My music/art page is here"government is the enemy of liberty"-RP
    That which doesn't kill me has made a grave tactical error
    Quote Originally Posted by Anti Federalist View Post
    This whole board is a thoughtcrime in progress.
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  11. #90

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    Quote Originally Posted by Machiavelli View Post
    Is going to college necessary to land programming/developing jobs or can getting certificates cut it? Wondering if going to school is worth it.
    There are a few options for programmers.

    If you are smart and a whiz kid, you should take a bunch of online tutorials and learn how to program on your own. Then go on freelancers.com and find jobs and make money on your own (go check out what is in demand and what pays the most to determine what languages to learn).

    Also, if you are a whiz kid you can get your foot in the door helping out at a small company learning and programming from the ground up and you will gain the experience you need and you can stay in the private sector and grow easily. You may need to go get a cert just to get your foot in the door as a temp or something along those lines.

    Then there are your two options of being an independent contractor or having a salary. An independent contractor gets paid more per hour but you are constantly looking for your next job so you have the job of acquiring contracts and the job of a programmer. If you can do both, more power to you and if you are steadily employed you will do well. But companies have people working full time to get the next contracts so it is no minor task.

    On the salary end you will likely need a college degree. The degree is usually a lazy way for a manager to weed out the applicants and matching degree and experience they will determine your salary.

    If you just want something stable with a steady paycheck (and you are a good kid, no trouble), you can go work for a defense contractor and make a decent salary. The biggest thing in that arena is your degree. The government actually pays the contractor based on your degree, so having one and perhaps going for your Masters is beneficial (even if you do not learn much in college, the degree is all that matters). Also, this comes with getting a security clearance. If you can get a clearance, you bump up your salary and job stability significantly. It makes it so that you will not lose your job to foreigners and kids like you fresh out of college that can probably do everything you can do, having the latest tools and work for half your salary.

    I chose the latter route...my income is steady. I have also stepped that up a bit and worked in a war zone which bumps up your salary significantly (almost 3 times).

    But I am now learning the hard fact that there is a salary ceiling for programmers. Above that ceiling is management where there is no ceiling. It also comes with a lot more stress, responsibility and you do not get the small joy of creating something from your own work (though a manager may argue that by telling the programmers what to code, they have created it).

    Hope that helps.
    Definition of political insanity: Voting for the same people expecting different results.

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