Thursday, April 2, 2020

Digest for misc.consumers.frugal-living@googlegroups.com - 4 updates in 3 topics

lenona321@yahoo.com: Apr 02 10:59AM -0700

I really like the way this one started:
 
"Ellen Floren was not looking for love."
 
In other words, yes, it can happen to a smart, aware person like you, too.
 
Thankfully, she didn't lose as much as some women (and men) do.
 
https://www.nytimes.com/2020/03/27/well/elderly-romance-scam.html
 
And, from The Ethicist:
 
"Should You Warn a Friend Who's Falling for a Romance Scam?"
 
(The main reason the person was hesitating was that the friend was also a much older co-worker.)
 
https://www.nytimes.com/2019/12/03/magazine/should-you-warn-a-friend-whos-falling-for-a-romance-scam.html
 
 
 
Lenona.
lenona321@yahoo.com: Apr 02 11:41AM -0700

As many have noted, con artists often target the elderly because "that's where the money is."
 
Trouble is, if you are searching for romance, whether you're male or female, the older you get, the more likely it is that relatives, new friends, AND strangers will care less and less about any of your good qualities other than your money. Even if you're poor. (Look at all the criminals who rob the poor - but one might also attract plenty of people who are mercenaries though not criminals, per se.)
 
Miss Manners COULD have said all that to the writer in this column, but didn't - probably because she didn't want the woman to give up hope. (If you can figure out which key phrases to search on, you might find a newspaper link for this column that doesn't have a paywall.)
 
 
April 8, 2012
 
DEAR MISS MANNERS: I am a divorced woman, 64 years old, extremely fit and healthy for a woman of my age. I have worked since I was old enough to apply for a job.
 
I have been single for more than 20 years and lately have felt the desire for another relationship, but dating at my age is very difficult. I know it sounds insensitive, but I don't want to spend (waste) time dating a man, only to find out several months later facts about him that, had I known upfront, I would never have gone out with him.
 
I am professionally employed. I am by no means wealthy, but I manage my money. I do not have negative baggage and do not want to deal with another person's problems, personal or financial. Some may say I am not giving a fair chance to a man who might turn out to be a good companion, but I disagree. I have heard every line, every scam and every trick imaginable.
 
Somewhere in my area, there must be one nice, normal man, who like myself is looking for an honest woman and a quality relationship. How does one kindly and swiftly get the message across right upfront that I don't want to mend, fix, nurture, counsel, finance anyone? Is it appropriate to ask a man if he is unencumbered, debt-free, no criminal history, etc.? If so, how does one go about this?
 
GENTLE READER: Surely you realize that you live in the Internet era, when people advertise for romance by stating their demands upfront, and tools are readily available for conducting background checks.
 
Suppose you had to depend on relatives, friends, and civic, religious and educational organizations to provide prospects?
 
Oh, that's right; you remember that from before your marriage. You want to tell Miss Manners how annoying you found all those unappealing prospects they provided. You may have even met your former husband through that system, and you remember how annoying he was.
 
But you probably didn't meet jail-breakers, bigamists and indigents that way. For all its creakiness and exasperating inability to gauge attractiveness, the old system was pretty good on character and reputation. No doubt there were ghastly mistakes. In general, however, personal recommendations are probably more reliable than what people say themselves when there are no available witnesses to their misdeeds.
 
So even if interrogating any prospects were not rude, Miss Manners doubts it would yield the information you want. The number of prospects will diminish if you get to know people in their social or professional circles, but so will the number of scams.
 
Still, you may have trouble finding what you want. A nice, normal man may have a different idea from you about what constitutes a quality relationship. Although he may not need any kind of emotional support from you now, he may be put off by the idea that it would not be forthcoming if, in the future, he did need it.
 
(end)
 
 
Lenona.
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Whoey Louie <trader4@optonline.net>: Apr 02 11:22AM -0700

> Where is it all coming from?
 
The same place all govt spending in excess of tax receipts and other income
comes from, the govt borrows it by issuing new govt securities. The fed
is aggressively injecting liquidity by buying bonds and other assets, so
they will wind up buying a lot of them. The fed creates this liquidity
by essentially printing new money. It's the right thing to do, the only
problem is that the fed created several trillion in new money to buy assets
starting in 2008 and they had only barely started to reverse that, now
they are again off to new record money creation, potentially 4 tril or more.
If that sounds like some kind of scam, maybe it is.
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