General Discussion Poker Forums

71k jobs cuts announced yesterday by Fortune 500 companies, named by the media as Black Monday.

His whole group gets canned today, escorted out the door.... err, WTF.... complete eye opener. What are the odds of him being in that group of 71k....

I better whip this poker game of mine into shape if I'm ever to avoid a day like he's had today. Totally feel wrecked for the guy, he was my best man at my wedding.

Jeeezz...

Still in complete shock.

My brother-in-law (a genuinely good, smart, hard-working guy with a family) got laid off from his jobs as a buyer and department head for Circuit City a couple of weeks ago (along with 30K+ other folks). This economy is just terrifying.

I feel yeah man..

I am not sure how secure my job will be either. Being younger and 3+ years experienced I think I have a better chance, but that is pure speculation. I know you are in the same industry as I am and we are taking a hit with the price of oil where it is at. I'm pretty positive my company will have layoffs at some point.

I am now more than ever thankful that I have spent/sacrificed the time the past four years to learn poker and can profit from it. This thought has been in the back of my head for some time now because even if I don't get laid off I plan to go full time one day. I always knew it would come down to this but having the choice and being able to do it when I feel ready bankroll/skill wise would be nice. I just hope I have time to build my roll larger because it would be hard to go full time where I am at now and be able to pay rent etc not to mention the added pressure. Although I did quit my job in college and put my last $20 on a poker table and managed to not have to work a real job for the rest of my college. Unfortunately I have way more bills and responsabilities now.

I've had several friends get laid off recently, but for the most part it hasn't been too bad since they're young and now get to do fun things like go to China for 6 months. It must suck for the folks who've been working at the same place for many years though.

And yes, poker is awesome!

The US economy is not in good shape. Its previous structure was unsound, causing the recession. Many jobs built during the boom need to be lost, especially in retail/services/finance etc.

I am just entering the job market, and I might have to extend my current holidays for a year or two.

You know, having poker skills is a good thing. If inflation hits 10% for 3 years after the guvmint prints a few extra trillion dollars, it is going to spell ruin or severe financial disincentive for most US doctors. Reimbursement, which is essentially dictated by insurance companies and the US gov't, will fall 20-25% behind while costs go up, leaving most small-business MDs working for free or nearly so. Backup skills ftw.

Backup skills ftw.

Exactly. imo I love poker because you don't really have to rely on anybody else but yourself to be successful. And the sky is the limit.

Sorry to put a downer on things but..

WHY DO U REALLY THINK THE ECONOMY IS FUCKED??

answers: (its all synthetic)

http://video.google.com/videoplay?docid=-1656880303867390173

http://video.google.com/videoplay?docid=-515319560256183936

http://video.google.com/videoplay?docid=-9050474362583451279

http://www.perfecteconomy.com


It's gonna be painful, but its necessary.

Sorry to put a downer on things but..

WHY DO U REALLY THINK THE ECONOMY IS FUCKED??

answers: (its all synthetic)

http://video.google.com/videoplay?docid=-1656880303867390173

http://video.google.com/videoplay?docid=-515319560256183936

http://video.google.com/videoplay?docid=-9050474362583451279

http://www.perfecteconomy.com


It's gonna be painful, but its necessary.

Care to present your opinion, or at least summarize why you agree with the spam links?

I agree with the links provided because money is created out of literally nothing and manipulated by men for the benefit of men (please note, I said men, and not mankind).

This situation could/would never happen in the state of nature. Infact, the natural mind is repelled by how money works.

John Kenneth Galbraith once famously said, “The process by which money is created is so simple that the mind is repelled.”

Here is ONE LINK http://www.chrismartenson.com/crashcourse/chapter-1-three-beliefs enjoy

alternatively, you can close your eyes and pretend its all not happening

From Freedom to Fascism : sounds like some crackpot politard theories.

No, that money is created out of thin air is no secret and the people of the entire world accept it. If you are saying the federal reserve can distort the market by setting the price of money then I would agree.

did u watch them? what did u think?

I'm interested in what messiah has to say aboutr it, considering he works in the trading markets. (if i remember correctly)

For those of you wanting a non political message, simply skip the aaron russo film. For a very basic understanding, watch "money as debt". For an in depth history of money lending and interest and private banking watch "the money masters".

Then read perfecteconomy.com

To wrap it all up, or alternatively, as a starting point, watch the "Crash Course".

You will either a) have a paradigm shift about money b) ignore all information contained and carry on as usual

There's been a movie on this called Zeitgeist that explains the process.
http://davidmovie.com/redirect.php?url=http://megavideo.com/?v=K1UW1QRD
http://davidmovie.com/redirect.php?url=http://megavideo.com/?v=G5SLWG2G


But there is never a solution. All these people talk about how the economy is fucked up but nevber give solutions. It seems to me that the economy based on money is just like this and there is no other way around it unless you wanna go back to stone age and reinvent the whole monetary system.

Bonus points for anyone who can name the author of this quote: "If the American people ever allow banks to issue their currency, first by inflation and then by deflation [by having to maintain a vital circulation by perpetually re-borrowing principal and interest as subsequent sums of debt, increased perpetually so much as periodic interest], the banks and [bank owned] corporations which will grow up around them will deprive the people of all property, until their children wake homeless on the continent their fathers conquered."

There is a very simple solution to this mess. well, for one Ron Paul had a solution: "revert back to sound money."

Destroy the IRS and the Federal Reserve, scrap income tax.

Also, here is a detailed solution : http://www.perfecteconomy.com

"PEOPLE For Mathematically Perfected Economyâ„¢ (PFMPEâ„¢) : mathematically perfected economyâ„¢ (MPEâ„¢) is the singular integral solution to 1) inflation and deflation, 2) systemic manipulation of the cost or value of money or property, and 3) inherent, irreversible multiplication of debt in proportion to a vital circulation, engendering inevitable systemic failure at a finite system lifespan defined by an inevitable, terminal sum of insoluble debt. Mathematically Perfected Economyâ„¢ is every prospective debtor's right to issue their promise to pay, free of extrinsic manipulation, adulteration, or exploitation of that promise, or the natural opportunity to make good on it."

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