A small metaphor on Money, Credit and Comumer Credit.
New! : I updated my Website: http://www.berninger.de
Actually the story that consumer credit is an invention by the banks in order to make people buy unnecessary things comes from one of my business school professors.
Financial services … Financial services companies pay well because the job is to basically lie. They train their people to believe into those lies to lie a little better! You’re right when you talk to the financial company it is like talking to a “snake”!
Debtors blame … Debtors blame creditors for their own irresponsibility. Even other people feel sympathetic for the debtor, but it’s the debtors fault. That’s like blame a married man for his infidelity, because there is beautiful women willing to have sex with him. Fiscal irresponsibility stems from irresponsibility period. Such people can’t pay the bills on time, have traffic tickets etc. Unfortunately the government doesn’t encourage such matters, and continues to support moral hazards.
doesn’t mean women … doesn’t mean women is the blame for your infidelity. There is a lot of incentives, even the government gives you incentives, point is to be rational, and prudent with your own property.
Money is jberni’s … Money is jberni’s God. You heard it here folks. Lol, I am just joking. Money came out spontaneously from the need to calculate value relatives, and more accurately than you could with direct barter. I see nothing wrong with consumer credit. If you get in over your head, that’s your fault, so I wouldn’t just blame the bankers. If people are foolish enough to take on debt, that’s their choice. I don’t believe in stuff like predatory lending. You could argue China is a predatory to the USA.
I completely agree … I completely agree with you that many people have “Money as God” and they even don´t know what blasphemy that is.
However, I would say “God gave money to people” would not be considered blasphemy, no?
You are so right, J … You are so right, J! Americans got a long just fine without credit cards up until the 1980’s. I quit racking up debt last year, now only use AMEX for convenience of shopping online or making reservations. Balance paid off every month.
I think the US … I think the US needed widespread credit card consumption cos it kept ppl employed. Ppl buy goods with deferred payments so the retail and service sectors keep expanding. How do you keep expanding? Get even more ppl to buy things on credit. Unfortunately, the wheel got too fast and the hamster has had a heart attack.
Consumerism is so wasteful anyway, and damaging to the environment. We need to think of a better way – but I can’t think of one. Can you?
I don’t own a … I don’t own a credit card. WOOPS..I’m not owned by a credit card!.
the bible is an interesting book full of contradicting lessons, thus nobody can possibly follow it. the visitation and genetic manipulation is most interesting.
the serpent … the serpent beguiled her, that is used her desire to lead her to an intended result, which like the title and theme of your vid was evil. the banks used the politicians to manipulate the playing field, as the politicians manipulated the banks for their own designs. the community reinvestment act is an example. the advertising, marketing of the products to entice the consumer economism/globalism dynamic where the bubble gets bigger and is good for cream taking. fraud, false balance=abomination
I don’t like buying … I don’t like buying stuff, so I tend to wait until I desparately need something until I buy it. I often find myself buying everything I need all at once, after procrastinating for several months or even years.
For example, last August I spent about $3000 on car repairs, a new fridge, a new mattress, new clothes and new glasses. I put everything on my credit card, so as to spread out the payment over 3 months. Are you saying this is evil?
I love your posts … I love your posts doctor bern
entertaining and informative
you are a good and charismatic teacher
thankyou for sharing some of your insights here
A small metaphor on Money, Credit and Comumer Credit.
April, 6th 2010 at 10:32 am
Hi jberni1
I …
Hi jberni1
I have just been watching your video and I must admit it really is very good.
I really enjoyed watching it.
Already looking forward to more of the same in the future.
Cheers to your success.
Mark McCulloch
April, 6th 2010 at 10:32 am
Financial services …
Financial services companies pay well because the job is to basically lie. They train their people to believe into those lies to lie a little better! You’re right when you talk to the financial company it is like talking to a “snake”!
April, 6th 2010 at 10:32 am
Debtors blame …
Debtors blame creditors for their own irresponsibility. Even other people feel sympathetic for the debtor, but it’s the debtors fault. That’s like blame a married man for his infidelity, because there is beautiful women willing to have sex with him. Fiscal irresponsibility stems from irresponsibility period. Such people can’t pay the bills on time, have traffic tickets etc. Unfortunately the government doesn’t encourage such matters, and continues to support moral hazards.
April, 6th 2010 at 10:32 am
doesn’t mean women …
doesn’t mean women is the blame for your infidelity. There is a lot of incentives, even the government gives you incentives, point is to be rational, and prudent with your own property.
April, 6th 2010 at 10:32 am
Money is jberni’s …
Money is jberni’s God. You heard it here folks. Lol, I am just joking. Money came out spontaneously from the need to calculate value relatives, and more accurately than you could with direct barter. I see nothing wrong with consumer credit. If you get in over your head, that’s your fault, so I wouldn’t just blame the bankers. If people are foolish enough to take on debt, that’s their choice. I don’t believe in stuff like predatory lending. You could argue China is a predatory to the USA.
April, 6th 2010 at 10:32 am
Yes ! and Religion …
Yes ! and Religion is bullshit ( George Carlin )
April, 6th 2010 at 10:32 am
I completely agree …
I completely agree with you that many people have “Money as God” and they even don´t know what blasphemy that is.
However, I would say “God gave money to people” would not be considered blasphemy, no?
April, 6th 2010 at 10:32 am
God created money?? …
God created money??? This is blasphemy.
April, 6th 2010 at 10:32 am
There endeth todays …
There endeth todays sermon…lol…Good reminder though that material things aren`t compulsery
April, 6th 2010 at 10:32 am
I very much like …
I very much like this comment. Good work jb…
April, 6th 2010 at 10:32 am
You’re always …
You’re always interesting and very informative, thanks
April, 6th 2010 at 10:32 am
I haven’t seen …
I haven’t seen Bernankes,Geitners and Paulsons tongues yet but I would assume they are forked!!!!
April, 6th 2010 at 10:32 am
I wonder if the …
I wonder if the Garden of Eden is a metaphor, and the apple is the forbidden debt money system. A dollar sign looks like a snake.
April, 6th 2010 at 10:32 am
You are so right, J …
You are so right, J! Americans got a long just fine without credit cards up until the 1980’s. I quit racking up debt last year, now only use AMEX for convenience of shopping online or making reservations. Balance paid off every month.
April, 6th 2010 at 10:32 am
Well, you are …
Well, you are blessed!
I love buying really good quality food…
April, 6th 2010 at 10:32 am
That´s a good one.. …
That´s a good one….owned by the credit card
April, 6th 2010 at 10:32 am
Well, then people …
Well, then people would have to come to realize that money is not endless, which is returning to the gold standard.
April, 6th 2010 at 10:32 am
I think the US …
I think the US needed widespread credit card consumption cos it kept ppl employed. Ppl buy goods with deferred payments so the retail and service sectors keep expanding. How do you keep expanding? Get even more ppl to buy things on credit. Unfortunately, the wheel got too fast and the hamster has had a heart attack.
Consumerism is so wasteful anyway, and damaging to the environment. We need to think of a better way – but I can’t think of one. Can you?
April, 6th 2010 at 10:32 am
I don’t own a …
I don’t own a credit card. WOOPS..I’m not owned by a credit card!.
the bible is an interesting book full of contradicting lessons, thus nobody can possibly follow it. the visitation and genetic manipulation is most interesting.
April, 6th 2010 at 10:32 am
No, I hold on my …
No, I hold on my October prediction.
Said so, I never said the 25th!!!
That was another youtube user in an comment.
April, 6th 2010 at 10:32 am
Thank You Jesus for …
Thank You Jesus for people like you jberni!
April, 6th 2010 at 10:32 am
I hope you are not …
I hope you are not just putting out a ton of videos lately so you can bury your October 25th prediction video.
April, 6th 2010 at 10:32 am
the serpent …
the serpent beguiled her, that is used her desire to lead her to an intended result, which like the title and theme of your vid was evil. the banks used the politicians to manipulate the playing field, as the politicians manipulated the banks for their own designs. the community reinvestment act is an example. the advertising, marketing of the products to entice the consumer economism/globalism dynamic where the bubble gets bigger and is good for cream taking. fraud, false balance=abomination
April, 6th 2010 at 10:32 am
I don’t like buying …
I don’t like buying stuff, so I tend to wait until I desparately need something until I buy it. I often find myself buying everything I need all at once, after procrastinating for several months or even years.
For example, last August I spent about $3000 on car repairs, a new fridge, a new mattress, new clothes and new glasses. I put everything on my credit card, so as to spread out the payment over 3 months. Are you saying this is evil?
April, 6th 2010 at 10:32 am
I love your posts …
I love your posts doctor bern
entertaining and informative
you are a good and charismatic teacher
thankyou for sharing some of your insights here