What will happen to people with useless professions in upcoming depression?

[BrentCrude]

Markets closed here today due to MLK Day so world markets decide to sell off while our mindless,everything is just fine, yuppie society takes a useless made up holiday off.

So,when the inevitable crash takes place soon,will there be a need for wedding planners,closet space organizing managers,personal mentors,real estate agents,sports agents,jockey agents,actor agents,singers agents,strippers agents,pet psychologists,people who make dog soda pop that dogs hate,people who make Jones liver flavored soda pop for people,gourmet popcorn company employees that make a great choco-nut-gooey popcorn product but it aint worth $10 a pound,talking heads on tv by the 1000's that comment on politics-Hillary-Dubya-Obama,the whole Paris Hilton,Britney Speares useless media segment of reporting on them industry.

I could add 1,000's more examples to the private sector list above that are useless and gonzo when the depression hits.Anyone have more to add to the list?

Then of course there are 1,000,000,000,000,000,000,000,'s of examples directly in the government and government offshoot industries like medical,mental health,pharmaceutical,academia,construct ion doing public works projects,that could and should be eliminated during the depression but those positions are immune from being eliminated because that's the make believe fairy tale world where useless jobs that shouldn't exist never get eliminated.

To make this post stay on topic concerning betting and gambling,what do people here think will happen to the gambling industry during the depression,both land based-Vegas and online?

What about pro and college game attendance?Will we be watching half full arenas on tv telecasts?

[DrunkenLullaby]

Pretty accurate post, but if you can really think of quintillions of examples, you're a better man than me.

[Mr KLC]

Markets closed here today due to MLK Day so world markets decide to sell off while our mindless,everything is just fine, yuppie society takes a useless made up holiday off.

So,when the inevitable crash takes place soon,will there be a need for wedding planners,closet space organizing managers,personal mentors,real estate agents,sports agents,jockey agents,actor agents,singers agents,strippers agents,pet psychologists,people who make dog soda pop that dogs hate,people who make Jones liver flavored soda pop for people,gourmet popcorn company employees that make a great choco-nut-gooey popcorn product but it aint worth $10 a pound,talking heads on tv by the 1000's that comment on politics-Hillary-Dubya-Obama,the whole Paris Hilton,Britney Speares useless media segment of reporting on them industry.

I could add 1,000's more examples to the private sector list above that are useless and gonzo when the depression hits.Anyone have more to add to the list?

Then of course there are 1,000,000,000,000,000,000,000,'s of examples directly in the government and government offshoot industries like medical,mental health,pharmaceutical,academia,construct ion doing public works projects,that could and should be eliminated during the depression but those positions are immune from being eliminated because that's the make believe fairy tale world where useless jobs that shouldn't exist never get eliminated.

To make this post stay on topic concerning betting and gambling,what do people here think will happen to the gambling industry during the depression,both land based-Vegas and online?

What about pro and college game attendance?Will we be watching half full arenas on tv telecasts?

I'll be OK. I'm a bill collector. More business for us. I believe that you will see people reluctant to give up their normal routines at first. In other words, we'll have more people spending themselves into debt, thinking that this will turn around quickly. Eventually, I agree. A lot of the non-necissity programs could go under in such a fiasco. That includes sporting events.

[Ball Rash]

gambling will not miss a beat....if anything people will gamble more trying to win the big jackpot at the casino to get them out of debt

[RageWizard]

I'll be OK. I'm a bill collector. More business for us. I believe that you will see people reluctant to give up their normal routines at first. In other words, we'll have more people spending themselves into debt, thinking that this will turn around quickly. Eventually, I agree. A lot of the non-necissity programs could go under in such a fiasco. That includes sporting events.

Sporting events aren't going anywhere, and sports investors aren't going anwhere either. It's like smoking, it is hard to stop. Maybe when I go to Atlantic City I can get in on a craps or blackjack table with a minimum of less than $25 for once.
You my friend are gonna have to expand your business, I see a credit crunch coming coupled with a huge default on credit cards, bank loans, and of course morgages.

[robzilla]

I'll be OK. I'm a bill collector. More business for us. I believe that you will see people reluctant to give up their normal routines at first. In other words, we'll have more people spending themselves into debt, thinking that this will turn around quickly. Eventually, I agree. A lot of the non-necissity programs could go under in such a fiasco. That includes sporting events.

Bill collectors are the worst. I think i'd rather collect bottles and cans than be a bill collector.

[Mr KLC]

Bill collectors are the worst. I think i'd rather collect bottles and cans than be a bill collector.

We get a bad wrap because of a lot of the scum that tries to demoralize and talk down to people in debt. I was badly in debt 10 years ago, so its easier for me to empathize with a debtor's situation. While our company pushes for us to get large down payments and high mionthly payments, I'm a realist and try to get people more in a plan they can afford to get back in shape with the debt. My bosses leave me alone because I consistantly rank in the top 10 on recoveries. Collecters just have to learn to TALK TO people instead of TALKING AT people. Another reason I like it is because the commissions are pretty nice.

[DrunkenLullaby]

Bill collectors are the worst. I think i'd rather collect bottles and cans than be a bill collector.

Nah, the morons that run up bills they can't pay because they have no self control (as opposed to legitimate mishaps) are far worse.

[teazeman]

government offshoot industries like mental health,that could and should be eliminated during the depression but those positions are immune from being eliminated

you have failed to properly research budget numbers for this field and you'd do well to know the facts before stating such. one of if not the most neglected group in our society today, most of which find it difficult if not impossible to recieve proper care or diagnosis. to compare the mental health profession to the papparazi is an insult to those in the profession.

[ShamsWoof10]

I think sports will take a hit but not enough to burry it or gambling... I figured a depression would have been here by now that's why I never re-uped my helmet inventory... I think elastic products, even though it woofs hard, will drop in demand...

We may be experiencing monetary inflation but everything else is in a deflationary mode...

[Willie Bee]

If this $8 an hour mod job goes teats up, I'll just retire early and start living off the wife's family money. I'm not too far off from being able to collect SS, and I'm already getting some AARP benefits. I'll just go hang out at the local diner with the rest of the old farts and tell lies while fantasizing about the two waitresses.

[pavyracer]

If this $8 an hour mod job goes teats up, I'll just retire early and start living off the wife's family money. I'm not too far off from being able to collect SS, and I'm already getting some AARP benefits. I'll just go hang out at the local diner with the rest of the old farts and tell lies while fantasizing about the two waitresses.

$8 an hour? You mean they pay less than McDonald's? Willie you are getting robbed here.

[jjgold]

gambling never misses a beat in any economy because it is an addiction like drugs

people take bigger shots in a depression looking for easy money

favs will be inflated if we go into a depression

[capitalist pig]

I'll just retire early and start living off the wife's family money.

LOL, Ive been doing that for a decade now! Not retired yet but there isnt nothing like inherited money! Whats funny is that I scrutinize more on how I spend our inherited money as compared to what I make from our construction business.

But to be more serious, Ive owned a construction company in FL for a long time, and the last 2 years have really slowed down for us. I can keep things going, but we are seriously thinking of just shutting it down, rather than operate in the red in 08. Going to make a decision in March, depending if we pick up any large projects or not.

Things are really bad in FL, we all got rich the last decade building condos, and I just dont see it picking up for at least 5-7 years in my part of the state.

later

[Shark79]

LOL, Ive been doing that for a decade now! Not retired yet but there isnt nothing like inherited money! Whats funny is that I scrutinize more on how I spend our inherited money as compared to what I make from our construction business.

But to be more serious, Ive owned a construction company in FL for a long time, and the last 2 years have really slowed down for us. I can keep things going, but we are seriously thinking of just shutting it down, rather than operate in the red in 08. Going to make a decision in March, depending if we pick up any large projects or not.

Things are really bad in FL, we all got rich the last decade building condos, and I just dont see it picking up for at least 5-7 years in my part of the state.

later

Good Luck !!

You can also bring it down to Costa Rica ... lot of potential here.

[Shark79]

FYI ...

Even the currency in Costa Rica has been benefited in a big way! Before $1 would cost you 520 colones *CR Currency* ... now its at 492 colones ... it has dropped 28 colones in the last 2 months ... never has this happened till Bush came along.

[swede96]

We get a bad wrap because of a lot of the scum that tries to demoralize and talk down to people in debt. I was badly in debt 10 years ago, so its easier for me to empathize with a debtor's situation. While our company pushes for us to get large down payments and high mionthly payments, I'm a realist and try to get people more in a plan they can afford to get back in shape with the debt. My bosses leave me alone because I consistantly rank in the top 10 on recoveries. Collecters just have to learn to TALK TO people instead of TALKING AT people. Another reason I like it is because the commissions are pretty nice.

OT Question: My friend has bill collectors calling her house for the people that USED to have her number. She's told them that they're not at that number anymore, but understandably, they don't believe her. I'm sure you guys hear that all the time. How do you get a bill collector to believe you when they have the wrong number? She's about ready to lose it on the next one that calls.

[swede96]

LOL, Ive been doing that for a decade now! Not retired yet but there isnt nothing like inherited money! Whats funny is that I scrutinize more on how I spend our inherited money as compared to what I make from our construction business.

But to be more serious, Ive owned a construction company in FL for a long time, and the last 2 years have really slowed down for us. I can keep things going, but we are seriously thinking of just shutting it down, rather than operate in the red in 08. Going to make a decision in March, depending if we pick up any large projects or not.

Things are really bad in FL, we all got rich the last decade building condos, and I just dont see it picking up for at least 5-7 years in my part of the state.

later

You could always pray for a hurricane.

Yup, I'm going to hell.

[MrX]

OT Question: My friend has bill collectors calling her house for the people that USED to have her number. She's told them that they're not at that number anymore, but understandably, they don't believe her. I'm sure you guys hear that all the time. How do you get a bill collector to believe you when they have the wrong number? She's about ready to lose it on the next one that calls.

Here you go. She might even make some money out of it.

[swede96]

Nice! Thank you!!

[Mr KLC]

OT Question: My friend has bill collectors calling her house for the people that USED to have her number. She's told them that they're not at that number anymore, but understandably, they don't believe her. I'm sure you guys hear that all the time. How do you get a bill collector to believe you when they have the wrong number? She's about ready to lose it on the next one that calls.

There is a law that bill collectors must adhere to called the FDCPA. Your friend will need to send a letter to the agency requesting them to stop calling and that the debtor does not live there. Make sure your friend keeps a copy of the letter. If the agency keeps calling, they have broken the FDCPA, and can be liable for $1000 per violation.

[purecarnagge]

We get a bad wrap because of a lot of the scum that tries to demoralize and talk down to people in debt. I was badly in debt 10 years ago, so its easier for me to empathize with a debtor's situation. While our company pushes for us to get large down payments and high mionthly payments, I'm a realist and try to get people more in a plan they can afford to get back in shape with the debt. My bosses leave me alone because I consistantly rank in the top 10 on recoveries. Collecters just have to learn to TALK TO people instead of TALKING AT people. Another reason I like it is because the commissions are pretty nice.

I worked 2 months for Ace Cash Advance for the regional manager. He liked me and wanted someone to work weekends I told him I'd only work Mon-Fri and he goes ok I'll higher you anyways, but you have to agree to do some under the table collections also. after about 3 jobs with a repo guy I was like this shit is crazy and im done. Basically, people have alot of rights when it comes to bill collectors but most people are afraid to stand up to them because they owe them. In all truth you can deny them most contact with you but they will just send you to collections/court and then your screwed. I always felt bad showing up to someones work to speak to them that was the worst....

I said as long as I have backup and don't need heat to go do it im' ok. Was a very interesting two months. Its the grandma's/grandpa's that want to go spend there money at the casino after they get there social security check that are the worse. They try to get you to feel sorry for htem and you just look at them like no your a degenerate gambler stop it and pay us.

Basically picture JJ 30 years from now gambling off of social security.

hahahaa

[Mr KLC]

I worked 2 months for Ace Cash Advance for the regional manager. He liked me and wanted someone to work weekends I told him I'd only work Mon-Fri and he goes ok I'll higher you anyways, but you have to agree to do some under the table collections also. after about 3 jobs with a repo guy I was like this shit is crazy and im done. Basically, people have alot of rights when it comes to bill collectors but most people are afraid to stand up to them because they owe them. In all truth you can deny them most contact with you but they will just send you to collections/court and then your screwed. I always felt bad showing up to someones work to speak to them that was the worst....

I said as long as I have backup and don't need heat to go do it im' ok. Was a very interesting two months. Its the grandma's/grandpa's that want to go spend there money at the casino after they get there social security check that are the worse. They try to get you to feel sorry for htem and you just look at them like no your a degenerate gambler stop it and pay us.

Basically picture JJ 30 years from now gambling off of social security.

hahahaa

I do all my collections by telephone. We collect on defaulted student loans. That means we can garnish their wages 15% without taking them to court. We can also garnish Social Security and Disability if they make $750 or higher per month. I don't like it to go that far, but its something to hold over them to make them pay voluntarily.

[Cloak & Dagger]

I do all my collections by telephone. We collect on defaulted student loans. That means we can garnish their wages 15% without taking them to court. We can also garnish Social Security and Disability if they make $750 or higher per month. I don't like it to go that far, but its something to hold over them to make them pay voluntarily.

BUWAHAHAHAHAHHAHAHAHAHAHAHAHHAAHA

you lying piece of garbage...just like most debt collectors

you cant touch SSI or disability....look it up dummy

its so funny when they call me with their useless lies and threats....you know what I tell em...I say "send me a copy of the signed contract"

then you know what happens after that?

they dont call anymore.....lmfao.....and if someone feels like it....they can take the collector to court....and demand all documents pertaining to the debt....100% of the time they cant provide those documents or dont even show up....then the judge removes it from the credit report.....your tactics on uneducated people are getting old

[gotsteam]

BUWAHAHAHAHAHHAHAHAHAHAHAHAHHAAHA

you lying piece of garbage...just like most debt collectors

you cant touch SSI or disability....look it up dummy

its so funny when they call me with their useless lies and threats....you know what I tell em...I say "send me a copy of the signed contract"

then you know what happens after that?

they dont call anymore.....lmfao.....and if someone feels like it....they can take the collector to court....and demand all documents pertaining to the debt....100% of the time they cant provide those documents or dont even show up....then the judge removes it from the credit report.....your tactics on uneducated people are getting old

So you are bragging about how you dont pay your bills and the tricks you use to get away with such theft?

That has to be the most pathetic attitude I have ever seen.

How about if you cant pay a bill dont buy whatever in the first place?

Americans like this, living beyond their means, spending what they dont have is exactly why the good ole USA is in the state of affairs it is in now.

Karma is a bitch aint it!

[4FUN.AND$$]

Bill collectors are the worst. I think i'd rather collect bottles and cans than be a bill collector.

only for those who don't pay their bills. pay your bills and they won't be calling

[HAPPY BOY]

remember guys nothing is as bad as it seems or as good. Wait, before u cats jump down my throat, this economy is bad. Im not saying otherwise. If the feds hadn't lowered the rate yesterday .75 we could have seen a mini-crash on wall street. Even with W's Tax refund and the Fed, Wallstreet still closed down. This is gonna hurt a little but it will turn itself around. People tend to panic and OVER react and thats when gas gets thrown on the fire. Me I'm not touching a damn thing, in other words my money stays right where it is. 80% stock 20% cash. Once I feel the storm has passed Ill pick up some of the over traded good companys on the way up. As for now Happys advice is ride this fvcker out.

[Cloak & Dagger]

So you are bragging about how you dont pay your bills and the tricks you use to get away with such theft?

That has to be the most pathetic attitude I have ever seen.

How about if you cant pay a bill dont buy whatever in the first place?

Americans like this, living beyond their means, spending what they dont have is exactly why the good ole USA is in the state of affairs it is in now.

Karma is a bitch aint it!

no....but the tactics of bill collectors harrassing people using scare tactics to get them to pay a bill that the debt collection company bought for pennies on the dollar....just so they can collect their commission is bullshit....lets be real here....why do broke people get all the credit card offers??...so after they default the company can use the full debt amount as a tax write off...and ruin the persons credit report for 7 years

now as far as my case....I was young when I first got a bunch of credit cards....and used them mostly for gambling....I made my payment....but it wouldnt effect the balance....basically I was just paying the interest...point being...everyone makes mistakes with credit cards their first go around....my credit is shot for another year or so...when I get it back...ill make it right this time....dont sit there and tell me on a gambling website that YOU never spent money you shouldnt have....lmfao

if people did a little research...they would come to find....that these debt collectors dont have a leg to stand on....all the threats about garnishment....it was the bank taking a risk on the person.....and if you went to a judge...and the person is broke...with no assets...then the credit card company wouldnt get jack shit...again...look it up

now if someone owns boats..cars...houses..properties...thats a different story...those people HAVE MONEY..so then yes...they should pay up

but to say that you can go after someones disability check??....L-O-L...ever heard the saying "cant get blood from a turnip".....good luck to any debt collector trying to collect a debt from someone that is flat busted

[Mr KLC]

BUWAHAHAHAHAHHAHAHAHAHAHAHAHHAAHA

you lying piece of garbage...just like most debt collectors

you cant touch SSI or disability....look it up dummy

its so funny when they call me with their useless lies and threats....you know what I tell em...I say "send me a copy of the signed contract"

then you know what happens after that?

they dont call anymore.....lmfao.....and if someone feels like it....they can take the collector to court....and demand all documents pertaining to the debt....100% of the time they cant provide those documents or dont even show up....then the judge removes it from the credit report.....your tactics on uneducated people are getting old

http://www.edfund.com/students/studentpar.cfm?edfPage=/students/defaulted/payments/payments.html

I'm not going to insult you back because that isn't my style. I've been doing collections for 9 years now, so I think I know a little about what I'm talking about. The answer and attitude you've shown is the same reason why many of the debtors do get garnished. They think it is an idle threat and ignore it. These are the same people that come back screaming and yelling when the garnishment starts, saying they were never informed about what could happen after one of us have told them what could happen and our company has sent them correspondence of the garnishment.

Governmental agencies have every right to garnish wages, tax refunds, SSI, and disability if you ignore the loan. Its sad because student loan agencies have different programs that are affordable to get into and people ignore them because they think nothing will happen. Hell, people that are 100% disabled can have their loans forgiven, but they're too lazy to take the disability forms to their doctor. The Supreme Court passed the ruling in 2005 that SSI and Disability can be garnished:

http://www.usatoday.com/news/washington/judicial/supremecourtopinions/2005-12-07-student-loans_x.htm

As far as sending you a copy of the signed contract, trust me, student loan agencies DO keep their records. They have promissary notes that can be sent to you if you dispute the debt. I can only remember maybe 2 instances in 9 years where the records might have been lost.

[Mr KLC]

Oh by the way, daddyjj, even if my style was throwing out idle threats to debtors, why would I bring stuff like that up on a friggin message board? Do you think I'm here to shake down gamblers that have student loans or something? LOL! Save your speech for the collectors that call you about a debt from Joe and Bob's car lot. A lot of those guys don't have a leg to stand on.

[Cloak & Dagger]

Oh by the way, daddyjj, even if my style was throwing out idle threats to debtors, why would I bring stuff like that up on a friggin message board? Do you think I'm here to shake down gamblers that have student loans or something? LOL! Save your speech for the collectors that call you about a debt from Joe and Bob's car lot. A lot of those guys don't have a leg to stand on.

student loans??? WTF???

I was talking about credit cards....not being able to touch SSI or disability....but let me tell you this

lets say a student took out a loan....and became disabled....and couldnt pay the loan back....and 'someone' went after his disablity check....may that person rot in hell

and this is coming from someone who has a friend thats disabled

oh and sorry for the mix up calling u trash...I dont know you as a person..you could be the greatest guy in the world...but the profession you chose is full of rats and snakes

[Mr KLC]

student loans??? WTF???

I was talking about credit cards....not being able to touch SSI or disability....but let me tell you this

lets say a student took out a loan....and became disabled....and couldnt pay the loan back....and 'someone' went after his disablity check....may that person rot in hell

and this is coming from someone who has a friend thats disabled

oh and sorry for the mix up calling u trash...I dont know you as a person..you could be the greatest guy in the world...but the profession you chose is full of rats and snakes

There are a lot of people that bring down my profession with their tactics. Honestly, I think that's why I have so much success with the customer friendly approach. I talk to a lot of people who gave up on the loan because they've been beat up in the past. More flies get caught with honey.

[Mr KLC]

As far as the disability part goes, if you receive federal funds you should have to pay a federal debt unless you are 100% disabled. The loan could then be forgiven if you follow the correct channels.

[aszzzbrokerman]

Student Loans are way different from credit cards. I can tell you from personal experience that they will definitely take any money from you that has a paper trail. They can take your tax refunds and so forth. I learned that last year when I was waiting for the 2k refund that never came.

As far as garnishing wages, they can definitely do that as well.

On the other hand these credit card collection companies are a joke. If you default on a card, odds are that your limit was under 1k. They sell your debt for pennies on the dollar because odds are that you did pay some interest and they did make 3% of whatever purchases you made, and then they get a write off for whatever you owe them for a couple of years.

Company x buys it from the bank for 2% and then convinces 1 in 7 dumbasses that if they dont pay then they will be taken to court and flogged naked. The fear results in the dumbass paying 2x more than he would have had he just made a deal with the credit card company.

If you owe money from student loans, find a rich wife and take a cash job