On Of Us Is Out To Lunch [TW, Read Cautiously]

[Hope67]

PaperClip,
I am so sorry to hear what has happened, and I really hope that you will be able to negotiate these things and get through them - even though they may seem as if they are insurmountable mountains, there will hopefully be a way through, and I hope very much that you will be able to safely tackle things. 

I hope that you can find a safe space, to enable you some time to get over the shock of it all, and  to work out what can be done.  I would like to extend a warm hug, if it's ok  and I've been thinking about you and hoping that you're ok - I read what you wrote a couple of days ago, and I felt shocked at what you and your partner have been put through, and I felt unable to know what I could say that would be of any help.  I still feel useless in that respect, but I wanted to come and say that I hope you're ok.  Take care.

Hope 

[PaperClip]

I want to apologize for this outburst - not about being upset - but the lack of self control.  This is me, the original.  I didn't switch (which is a healthy sign!) because of my outburst.  I started having these outbursts about 10 years ago when life became safer and that's a good thing.  My husband deserves a trophy and a crown, but the outbursts from me are a good sign and are fewer and farther between.  It takes a lot for them to happen.  I've had to learn to deal with life instead of hiding behind my buddies.  It's growth.  My doing it here, means it's safe here. 

I really love you guys for that. 

After I got some rest I began looking at the injustice a reasonable fight perspective instead of the flight mode as you see above.   What's really amazing, it didn't take me very long to calm down. 

Although my husband's rights were violated on his initial review from child support enforcement 15 years passed, they were reasonable and understanding that his income was very limited.  They went for the income tax returns which were $5,000 to $8,000 a year.

At the time, I advised my husband to let them have the taxes.  I didn't know the amount of principles.  I knew that if we let them have the offsets, the federal government would at the very least keep that 10% interest on the principle from ballooning any more.   

I didn't expect it to be sufficient to pay off the principle.  We noticed that happening only about 4 years ago.  It encouraged us to continue releasing the tax returns. 

In the US, you can adjust the W4 form and increase your number of dependents in order to reduce the amount of tax taken from your check.  In turn, this reduces the amount of tax return at the end of the year.  The behavior is unethical, but rarely judged.   Most non-custodial persons pursuing the state adjust this form or they work within the black market. 
____

When my husband went into the office, the new guy was abusive - not unlike a cluster B personality type which sets me off.  He didn't kindly ask for more money, he demanded it.  He wrongly assumed we were irresponsible with our money (which can be true for many non-custodial parents). 

When my husband refused, he balked and became quite the bully and emotional manipulator.  Well, he tried against my husband but it didn't work. 

I'm proud of my husband for standing ground.  Yet, the government overreach is highly disconcerting.

Mattie suggests that in about a year it won't matter.  They won't have enough money.  Therefore, they won't have the power for overreach.   Our state is one where the teachers were protesting for more pay.  I'm proud of those teachers, but Mattie says they should have don it 15 years ago.   They didn't get what they wanted, either.  They blame the legislators, but what the civilians cannot realize is there's simply no money.

The state is simply dying.  So, if we bide our time, keep our cool in dealing with these socialist ideologists looking for money that isn't there, they will go away.

Mattie told him to keep his cool and walk through it, that the department is scrambling for money and he's only part of many that they are hounding to bring in more money.  Our noses are clean, they'll concentrate more fully on others not so clean or those who actually do have money.  We are just within that part of their process and must bide our time and try not to take it personally.

If ya'll haven't figured it out:  The US is headed for a recession.   Oklahoma always feels it first.  Trust me, our town is dying, the state is scrambling and people are protesting for more grocery stores, not Dollar General. 

Okay.  Mattie.  PLEASE do this tedious crap.

b -

The Dow Jones Industrial Average has tested against the 200 simple daily moving average and returned to a bearish position.  The probability of a bearish continuance is high, and low for a bullish return.  Officially, we are in a bear market of which the duration is unknown. 

To everyone else:  Don't listen to the analysts on television.  Their job is to be complicit with the mainstream ideology.  I know this sounds conspiratorial, but the truth is they must.  It's important to keep a positive sentiment flowing to offset the fear of market failure.  Markets are not fueled by "value" or "speculation".  They are fueled by greed or fear at the very core.  Always and forever.  If they allow too much fear to become inundated in the populace, it would negatively impact the stock market.  There will always be the "gloom and doom" types, but after so many years this price is factored in and the most recent sentiment is what moves the market. 

There is absolutely no guarantee the market will come back or, nor that it will continue to fall.  That means every hard pressed suit and tie you see on television has no more idea what the market is going to do than the next person. 

You can bank on this. 

For now, we are in a bear market and no one should be in denial.  Should a market crash occur, the authorities have safety measures in place to stymie the harshest impacts.  Namely, they'll shut the market down mid day - about noon during the NY session when the market makers are done for the day.  Secondly, they'll eliminate short-selling, but conditions would need to warrant this.  This is how the authorities regulated the Nikkei 225, less stable than than US market, when it begins a freefall.  The US could be no different in an egregious bear market. 

Whether the Federal Reserve or even Federal legislators are complicit in corruption is irrelevant to how the authorities at the exchanges (owned by the 7 big banks, of course) handle such affairs.  If they let the market freefall in a pure capitalist adventure, 1/2 the population of the planet would starve.  We cannot change this reality.  After learning the truth we are glad that they manipulate and cajole some prices although the CEOs and Goldman Sachs are can make trillions in the process. 

As much as we hate them, the banks are necessary.  This is why we love the idea of trading the foreign currency exchange where we could legally take money right out of the banks on winning trades.

We have the green light to begin as soon as we are ready, the state overreach be damned.  Transparency:  We are only trading a couple hundred dollars of which the returns will be just as small.  The aim is long-term growth. 

And we shall have it.

What should you do?  Pay off the most cripple debt you have.  Establish an emergency fund.  Don't take out any more loans nor dip into your retirement early even if life seems futile.  Make a severe reduction in your living expenses (as in cut off any and all expenses outside of the cost of living) and put all the extra cash back within your home.  Don't put it in the banks unless you are a specific reason for it being there such as an investment with an expected annual return, but understand it is subject to failure from a multi-point perspective. 

"Be fearful when others are greedy and greedy when others are fearful."  Warrent Buffet

Everyone is becoming fearful, it's time for us to play in FX and be greedy after so many years of study and practice.  Thanks for your attention.

-m

Yeah, Mattie!   So, basically, the state used 10% compounding and Mattie wants to do even more than 10% compounding to build wealth.  That would be way cool.   Maybe we can have some new pillows.  Ha

[Hope67]

I've had to learn to deal with life instead of hiding behind my buddies.  It's growth.  My doing it here, means it's safe here. 

Hi PaperClip,
I am glad that you feel safe here.    to you.

Glad to hear you got some much deserved rest - and hope that you are doing ok today and this week.  I think your husband was brave to stand his ground when talking to the official guy.  I also think that Mattie is very on the ball about a lot of things. 

Wishing you the strength you need to go forwards and hope you are ok, Paperclip.
Hope 

[DecimalRocket]

That's a crazy amount of financial expertise there.  I'm impressed, and glad you're progressing.