Chinese Stock Market Tumble

tempo_n_groove

http://www.nytimes.com/2016/01/08/business/dealbook/china-shanghai-stocks-fall.html?_r=0

This may be the US 2008 crash in the making for them. Oil keeps going down too because of their decline.

Look for China to spend a ton of cash to right this ship...

muskydan

I sure hope Not...FUCK!!!!

PJfanwillneverleave1

Well the devalued currency is about to have a test.

Halifax2TheMax

.

rgambs

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

tempo_n_groove

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

What's your retirement savings look like? Are those chickens still laying golden eggs?

Money is a necessary evil so I'm not sure how you can function without it unless you're off grid which you apparently are not.

I'm curious and also impressed that you don't need money. Please share.

rgambs

tempo_n_groove said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

What's your retirement savings look like? Are those chickens still laying golden eggs?

Money is a necessary evil so I'm not sure how you can function without it unless you're off grid which you apparently are not.

I'm curious and also impressed that you don't need money. Please share.

When did I say I don't need money? Money is a means, which means it is needed to accomplish the things that keep a person alive and happy. It is not an end, which means money is not being alive and happy.
We make money to pay for the things we need, and we invest (most of) the surplus in skills and things that will enable us to need less money. Makes a bit more sense to me than investing money in money so you will have more money.

Retirement savings is not as big a concern for us as it is most people. We don't succumb to the external pressures which drive a person to sacrifice time in their youth to bank up for their old age. That's not to say we have zero savings or plans, only that it doesn't weigh on our minds like it does for people like you. We will live simply from now until we die (at old age hopefully, but not everyone is so lucky) and we won't need some massive nest egg to do so.
Brother, cousin, uncle, aunt, nephew, and good friend. I have lost one of each before they reached the age of 35...Not everyone is lucky enough to retire, I'd rather spend my time well and worry about being old when I get there. Simon will feed the chickens for his old man when my bones are rickety crickety, and yes, they will always be laying delicious golden treasures!
There's no time to be void, or save up on life, you gotta spend it all!

tempo_n_groove

rgambs said:

tempo_n_groove said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

What's your retirement savings look like? Are those chickens still laying golden eggs?

Money is a necessary evil so I'm not sure how you can function without it unless you're off grid which you apparently are not.

I'm curious and also impressed that you don't need money. Please share.

When did I say I don't need money? Money is a means, which means it is needed to accomplish the things that keep a person alive and happy. It is not an end, which means money is not being alive and happy.
We make money to pay for the things we need, and we invest (most of) the surplus in skills and things that will enable us to need less money. Makes a bit more sense to me than investing money in money so you will have more money.

Retirement savings is not as big a concern for us as it is most people. We don't succumb to the external pressures which drive a person to sacrifice time in their youth to bank up for their old age. That's not to say we have zero savings or plans, only that it doesn't weigh on our minds like it does for people like you. We will live simply from now until we die (at old age hopefully, but not everyone is so lucky) and we won't need some massive nest egg to do so.
Brother, cousin, uncle, aunt, nephew, and good friend. I have lost one of each before they reached the age of 35...Not everyone is lucky enough to retire, I'd rather spend my time well and worry about being old when I get there. Simon will feed the chickens for his old man when my bones are rickety crickety, and yes, they will always be laying delicious golden treasures!
There's no time to be void, or save up on life, you gotta spend it all!

Very cool. Thank you for sharing.

rgambs

tempo_n_groove said:

rgambs said:

tempo_n_groove said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

What's your retirement savings look like? Are those chickens still laying golden eggs?

Money is a necessary evil so I'm not sure how you can function without it unless you're off grid which you apparently are not.

I'm curious and also impressed that you don't need money. Please share.

When did I say I don't need money? Money is a means, which means it is needed to accomplish the things that keep a person alive and happy. It is not an end, which means money is not being alive and happy.
We make money to pay for the things we need, and we invest (most of) the surplus in skills and things that will enable us to need less money. Makes a bit more sense to me than investing money in money so you will have more money.

Retirement savings is not as big a concern for us as it is most people. We don't succumb to the external pressures which drive a person to sacrifice time in their youth to bank up for their old age. That's not to say we have zero savings or plans, only that it doesn't weigh on our minds like it does for people like you. We will live simply from now until we die (at old age hopefully, but not everyone is so lucky) and we won't need some massive nest egg to do so.
Brother, cousin, uncle, aunt, nephew, and good friend. I have lost one of each before they reached the age of 35...Not everyone is lucky enough to retire, I'd rather spend my time well and worry about being old when I get there. Simon will feed the chickens for his old man when my bones are rickety crickety, and yes, they will always be laying delicious golden treasures!
There's no time to be void, or save up on life, you gotta spend it all!

Very cool. Thank you for sharing.

Check back when I am 75 and I am tired of shoveling chicken shit with my rickety cricks lol

polaris_x

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

tempo_n_groove

polaris_x said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.

We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.

brianlux

polaris_x said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

It's all smoke and mirrors. Even worse, it's anthropocentric in the worst kind of way. If we ran our economy with a biocentric perspective we would do much to protect species diversity. Instead, we chew up and despoil the planet with our consumer oriented economy and this endangers a multitude of species (with us right up there near the top). China and the U.S. are the two biggest culprits of our demise.

polaris_x

tempo_n_groove said:

polaris_x said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.

We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.

but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?

brianlux

polaris_x said:

tempo_n_groove said:

polaris_x said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.

We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.

but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?

Excellent analogy, polaris_x. And that is exactly how it is that we humans exhaust the sustainable quantity of resources the earth has to give by August of each year. The rest comes out of future reserves. Simple math shows how absurd this behavior is.

tempo_n_groove

polaris_x said:

tempo_n_groove said:

polaris_x said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.

We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.

but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?

The little guy looks for more wood. The wealthy go and buy forests.

The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...

I would personally LOVE to let all the big companies fail. The ship would right itself over time.

As for most people it's not good when the big ones fail.

polaris_x

tempo_n_groove said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.

We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.

but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?

The little guy looks for more wood. The wealthy go and buy forests.

The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...

I would personally LOVE to let all the big companies fail. The ship would right itself over time.

As for most people it's not good when the big ones fail.

i think we need to define what is good ...
really - all we really need is food, shelter and water ... health care and security ... outside of that - it's a manufactured world of inequality and myths ..

really ... if a company like exxon fails ... the short and long term outcomes is better ...

tempo_n_groove

polaris_x said:

tempo_n_groove said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.

We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.

but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?

The little guy looks for more wood. The wealthy go and buy forests.

The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...

I would personally LOVE to let all the big companies fail. The ship would right itself over time.

As for most people it's not good when the big ones fail.

i think we need to define what is good ...
really - all we really need is food, shelter and water ... health care and security ... outside of that - it's a manufactured world of inequality and myths ..

really ... if a company like exxon fails ... the short and long term outcomes is better ...

Ahhh yes, rainbows and unicorns...

So the Chinese market stayed above water and oil is still cheap.

PJfanwillneverleave1

^^^
That's funny.
I don't care if the big ones fail.
But it better not affect my way of life.
I enjoy shopping for useless stuff sometimes, well a lot actually.
I like to drive my car just for the sake of driving and l like to drive my truck for short trips to the mall.
I like having cheap gas to burn for 20mins in the winter to heat my car up before I get in it.
I certainly turn on as many lights as I want in my home because living in a batcave does not appeal to me.
I can't stand CFL bulbs they give off shit for light which is why I have a lifetime of 100w bulbs I stocked up on from the dollar store.
Bring on the luxuries!

polaris_x

tempo_n_groove said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.

We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.

but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?

The little guy looks for more wood. The wealthy go and buy forests.

The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...

I would personally LOVE to let all the big companies fail. The ship would right itself over time.

As for most people it's not good when the big ones fail.

i think we need to define what is good ...
really - all we really need is food, shelter and water ... health care and security ... outside of that - it's a manufactured world of inequality and myths ..

really ... if a company like exxon fails ... the short and long term outcomes is better ...

Ahhh yes, rainbows and unicorns...

So the Chinese market stayed above water and oil is still cheap.

ok ... well ... if you're gonna resort to that ...

brianlux

polaris_x said:

tempo_n_groove said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.

We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.

but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?

The little guy looks for more wood. The wealthy go and buy forests.

The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...

I would personally LOVE to let all the big companies fail. The ship would right itself over time.

As for most people it's not good when the big ones fail.

i think we need to define what is good ...
really - all we really need is food, shelter and water ... health care and security ... outside of that - it's a manufactured world of inequality and myths ..

really ... if a company like exxon fails ... the short and long term outcomes is better ...

I was in a Target store a few days ago (I don't shop there and why I was there is a long story and irrelevant). The experience was unsettling. As I walked around the place I was struck by how almost everything was cheap crap and 99% of it was stuff no one really needs. This huge store and all this cheap, disposable crap. And how many store are there out there like this? It boggles the mind.

tempo_n_groove

polaris_x said:

tempo_n_groove said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.

We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.

but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?

The little guy looks for more wood. The wealthy go and buy forests.

The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...

I would personally LOVE to let all the big companies fail. The ship would right itself over time.

As for most people it's not good when the big ones fail.

i think we need to define what is good ...
really - all we really need is food, shelter and water ... health care and security ... outside of that - it's a manufactured world of inequality and myths ..

really ... if a company like exxon fails ... the short and long term outcomes is better ...

Ahhh yes, rainbows and unicorns...

So the Chinese market stayed above water and oil is still cheap.

ok ... well ... if you're gonna resort to that ...

We can go back and forth all day long about what we rally need. We all know and we all get it.

Let's stick to the topic of China's quite possible economic collapse. They did build cities where no one lives... That's "cities" as in plural. No one lives in any of them...

Remember what happened when no one was able to buy the houses we were building here?

I see China doing what we did, tons of spending or Quantitative Easing if you will, to help stop the avalanche of awful that's heading their way.

polaris_x

tempo_n_groove said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.

We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.

but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?

The little guy looks for more wood. The wealthy go and buy forests.

The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...

I would personally LOVE to let all the big companies fail. The ship would right itself over time.

As for most people it's not good when the big ones fail.

i think we need to define what is good ...
really - all we really need is food, shelter and water ... health care and security ... outside of that - it's a manufactured world of inequality and myths ..

really ... if a company like exxon fails ... the short and long term outcomes is better ...

Ahhh yes, rainbows and unicorns...

So the Chinese market stayed above water and oil is still cheap.

ok ... well ... if you're gonna resort to that ...

We can go back and forth all day long about what we rally need. We all know and we all get it.

Let's stick to the topic of China's quite possible economic collapse. They did build cities where no one lives... That's "cities" as in plural. No one lives in any of them...

Remember what happened when no one was able to buy the houses we were building here?

I see China doing what we did, tons of spending or Quantitative Easing if you will, to help stop the avalanche of awful that's heading their way.

that's because they, as like us, continue to make decisions on this failed system ... it's absolutely absurd that one country can have this ripple effect on people's lives ... it leaves us slaves to multinational corporations that can't fail ...

these outcomes are inevitabilities ...

polaris_x

brianlux said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.

We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.

but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?

The little guy looks for more wood. The wealthy go and buy forests.

The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...

I would personally LOVE to let all the big companies fail. The ship would right itself over time.

As for most people it's not good when the big ones fail.

i think we need to define what is good ...
really - all we really need is food, shelter and water ... health care and security ... outside of that - it's a manufactured world of inequality and myths ..

really ... if a company like exxon fails ... the short and long term outcomes is better ...

I was in a Target store a few days ago (I don't shop there and why I was there is a long story and irrelevant). The experience was unsettling. As I walked around the place I was struck by how almost everything was cheap crap and 99% of it was stuff no one really needs. This huge store and all this cheap, disposable crap. And how many store are there out there like this? It boggles the mind.

we have a big chain up here called Canadian Tire ... it's where most people go to get auto related parts and service amongst all the other things big retailers now sell ...

i went to buy a snow brush and honestly - they do not sell a single one that is meant to last ... like, charge me $50 ... i don't care as long as it was made to last ... people have lost all sense of reason believing that cheaper is better ...

tempo_n_groove

polaris_x said:

brianlux said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

tempo_n_groove said:

polaris_x said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

the economy is the biggest fraud out there ...

For the little guy, yes. Unfortunately when the big players are losing money they tend to clam up and lots of job loss occurs.

We can argue about what's bullshit later. The Asian markets can and will drastically effect most of us if it indeed heads South.

but are we supposed to "fix" what is faulty for supposed short term relief? ... if you heat a house with wood and you realize that your house is poorly insulated and that you are running out of wood ... what's your solution? ... continue to find more wood?

The little guy looks for more wood. The wealthy go and buy forests.

The little guy spends a little more for wood while the wealthy insulate their house and switch to an alternative heat source...

I would personally LOVE to let all the big companies fail. The ship would right itself over time.

As for most people it's not good when the big ones fail.

i think we need to define what is good ...
really - all we really need is food, shelter and water ... health care and security ... outside of that - it's a manufactured world of inequality and myths ..

really ... if a company like exxon fails ... the short and long term outcomes is better ...

I was in a Target store a few days ago (I don't shop there and why I was there is a long story and irrelevant). The experience was unsettling. As I walked around the place I was struck by how almost everything was cheap crap and 99% of it was stuff no one really needs. This huge store and all this cheap, disposable crap. And how many store are there out there like this? It boggles the mind.

we have a big chain up here called Canadian Tire ... it's where most people go to get auto related parts and service amongst all the other things big retailers now sell ...

i went to buy a snow brush and honestly - they do not sell a single one that is meant to last ... like, charge me $50 ... i don't care as long as it was made to last ... people have lost all sense of reason believing that cheaper is better ...

We should start another thread about this, what say you? I'm all for discussing this!

ldent42

rgambs said:

tempo_n_groove said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

What's your retirement savings look like? Are those chickens still laying golden eggs?

Money is a necessary evil so I'm not sure how you can function without it unless you're off grid which you apparently are not.

I'm curious and also impressed that you don't need money. Please share.

When did I say I don't need money? Money is a means, which means it is needed to accomplish the things that keep a person alive and happy. It is not an end, which means money is not being alive and happy.
We make money to pay for the things we need, and we invest (most of) the surplus in skills and things that will enable us to need less money. Makes a bit more sense to me than investing money in money so you will have more money.

Retirement savings is not as big a concern for us as it is most people. We don't succumb to the external pressures which drive a person to sacrifice time in their youth to bank up for their old age. That's not to say we have zero savings or plans, only that it doesn't weigh on our minds like it does for people like you. We will live simply from now until we die (at old age hopefully, but not everyone is so lucky) and we won't need some massive nest egg to do so.
Brother, cousin, uncle, aunt, nephew, and good friend. I have lost one of each before they reached the age of 35...Not everyone is lucky enough to retire, I'd rather spend my time well and worry about being old when I get there. Simon will feed the chickens for his old man when my bones are rickety crickety, and yes, they will always be laying delicious golden treasures!
There's no time to be void, or save up on life, you gotta spend it all!

I don't suppose you want to hear from the perspective of the adult child of a senior citizen who was abruptly laid off and then injured, amassing $15,000/month in out of pocket medical payments (yes, that's what had to be picked up after Medicare parts A, B, D and the supplemental.) about thoughts on "massive nest eggs" do you?

PJfanwillneverleave1

^^^
It really is incredible to hear real stories of the American expense of Health Care.
A bill for a band aid is foreign to us.
$15000/month ? asinine in our country

edit - How much are you billed when you have a child?

ldent42

PJfanwillneverleave1 said:

^^^
It really is incredible to hear real stories of the American expense of Health Care.
A bill for a band aid is foreign to us.
$15000/month ? asinine in our country

edit - How much are you billed when you have a child?

it's asinine here too but we had no choice. They have a limit on how many days they will pay for regardless of what happens. so for something like an inpatient care facility for physical rehab, once medicare stops paying it's $500/day - and wtf are you supposed to do if you can't leave when they stop paying cuz you can't walk? But this thread is about the Chinese Stock Market. so. yea.

tempo_n_groove

ldent42 said:

PJfanwillneverleave1 said:

^^^
It really is incredible to hear real stories of the American expense of Health Care.
A bill for a band aid is foreign to us.
$15000/month ? asinine in our country

edit - How much are you billed when you have a child?

it's asinine here too but we had no choice. They have a limit on how many days they will pay for regardless of what happens. so for something like an inpatient care facility for physical rehab, once medicare stops paying it's $500/day - and wtf are you supposed to do if you can't leave when they stop paying cuz you can't walk? But this thread is about the Chinese Stock Market. so. yea.

Damn…

Carry on. I'm good with the tangent.

Tell us more Ident.

PJfanwillneverleave1

ldent42 said:

PJfanwillneverleave1 said:

^^^
It really is incredible to hear real stories of the American expense of Health Care.
A bill for a band aid is foreign to us.
$15000/month ? asinine in our country

edit - How much are you billed when you have a child?

it's asinine here too but we had no choice. They have a limit on how many days they will pay for regardless of what happens. so for something like an inpatient care facility for physical rehab, once medicare stops paying it's $500/day - and wtf are you supposed to do if you can't leave when they stop paying cuz you can't walk? But this thread is about the Chinese Stock Market. so. yea.

Four day minimum hospital stay after birthing should be covered.

ldent42

PJfanwillneverleave1 said:

ldent42 said:

PJfanwillneverleave1 said:

^^^
It really is incredible to hear real stories of the American expense of Health Care.
A bill for a band aid is foreign to us.
$15000/month ? asinine in our country

edit - How much are you billed when you have a child?

it's asinine here too but we had no choice. They have a limit on how many days they will pay for regardless of what happens. so for something like an inpatient care facility for physical rehab, once medicare stops paying it's $500/day - and wtf are you supposed to do if you can't leave when they stop paying cuz you can't walk? But this thread is about the Chinese Stock Market. so. yea.

Four day minimum hospital stay after birthing should be covered.

i have no idea how it works with babies. At all. I'm sorry I just don't have any experience with the costs.

tempo_n_groove said:

ldent42 said:

PJfanwillneverleave1 said:

^^^
It really is incredible to hear real stories of the American expense of Health Care.
A bill for a band aid is foreign to us.
$15000/month ? asinine in our country

edit - How much are you billed when you have a child?

it's asinine here too but we had no choice. They have a limit on how many days they will pay for regardless of what happens. so for something like an inpatient care facility for physical rehab, once medicare stops paying it's $500/day - and wtf are you supposed to do if you can't leave when they stop paying cuz you can't walk? But this thread is about the Chinese Stock Market. so. yea.

Damn…

Carry on. I'm good with the tangent.

Tell us more Ident.

So medicare will pay for 100 in a "skilled facility" at a clip. if you get out of a "skilled facility" you have to stay out for 60 days before it resets for another 100 days. So if you're in there for 100 days doing physical rehab cuz you need hands on care (IV antibiotics, wound care) and you can't walk after complications from a fall, and during those days your antibiotics finish, and you develop an infection that requires hospitalization, surgery, a brief stint in the ICU, more surgery, and immobility of the leg which was operated on for WEEKS so that not only can you not walk again, but now you can't even stand up cuz your knee don't bend - those 100 days DO NOT reset because you were in the hospital for 24 days. The fact that it's a new complication or a new injury or a doctor ordered recovery time is irrelevant. You get 100 days. So after those 100 days finish, you have to pay the facility directly for the room & board (which is $500usd/day), and Medicare reduces the amount of physio you receive, so if you were getting an hour of pt and an hour of ot 6x a week, after 100 days it becomes 45 minutes a day three days a week.

oh, and the copay for the drugs is billed separately. As are the insurance premiums (Medicare, Part D(the drugs), and the supplemental(cuz medicare only covers 80%))

The real fun was when they sent me the $7.5k bill for a piece of equipment that they ordered which they said they'd already had (which is why she went back in there after the surgery) and tried to tell me they were doing me a favor cuz it'd be more if I didn't pay their bill for them. Literally sent me a bill that says "bill to: the facility" from their vendor.


The reason I'm sharing this info is for people here in the US financial preparedness isn't really about trying to make sure that you can live a life of luxury when you are 70. It's more about preventing yourself from ending up bankrupt and living in shelter after slipping on some ice or catching pneumonia when you're 66. half a million dollars in an IRA might sound like an awful lot of money when you are ready to retire, but it's really, really not. So while I can appreciate gambs' sentiment, I feel like John Cusack except instead of a radio I'm holding one of those giant blinking roadside LED signs that says CAUTION! CAUTION! CAUTION!

ldent42

I'm sorry my memory was playing tricks on me. It was $455/day not $500. So it's $14,000/month not 15. Wasn't trying to exaggerate, just forgot the exact number.