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  • Hey all, just changed over the backend after 15 years I figured time to give it a bit of an update, its probably gonna be a bit weird for most of you and i am sure there is a few bugs to work out but it should kinda work the same as before... hopefully :)

Advice...

rgdfilmsRED said:
Jim, respect, seriously.

Why can't GW Bush talk to us the way you do?
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How about: Because if he did, he would go down in history as the man who cuased the greatest depression ever. If everybody stops spending, or even slows down... We need to, of course, and take the pain of getting within our means, as individuals and as governments. But, that would be VERY painful.

Dave
 
Thanks Jim.

Good advice.

I was always thinking about the lightest RED package that I could afford and carry.

According to RODNEY CHARTERS ASC CSC and his efforts to get RED mobile for his travel tour project,

I'm pretty happy to have affordable lens option with IMS for RED that could save a lot of money also for every ordinary RED user.

Think(ing) universal lens mount, IMS or whatever to make RED user keep going in this troubled financial times.
 
Holly crap

Holly crap

Just looked at the financial news...it is a meltdown!

Aussie dollar has dropped nearly 40% within last 3 months, markets are in a blood bath, banks are offering money at over 550 basis points premium, ....wow!

Now I know what you are talking about, Jim. This looks nasty - it is almost like the 2001 dot com crash except now it is global and it may get much worse...
 
karapetkov said:
Thanks for the advice.

I wonder how long would it take to overcome these problems... I hope this isn't the beginning of another Great Depression. :(
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The Great Depression was a one-off event, like 9-11. That's why Reserve Banks were created in most Western countries. It won't be allowed to happen a second time. If necessary the government can print more money, which basically amounts to applying a flat tax to everybody who owns greenbacks, but it's a whole lot better than the alternative. In any case, the financial structure of the world now is a different planet to what it was 80 years ago.

We seem to have potential "world financial meltdowns" every ten years or so, which seem to sell a lot of newspapers, but not a lot else seems to happen.

For years we were piously told that if the Japanese Economic bubble ever burst we would see a financial recession that would make the crash of '29 look like well, the crash of '87:bye2:

Well Dudes, the Japanese economy went down the toilet well over a decade ago, maybe we're only just getting round to it now! And as for the so called crash of '87, well .......

Remember that big "Asian Meltdown" not so long back? Whatever happened to that?

It's all bullshit. Like the Millenium Bug - remember that?

Remember the big earthquake in Taiwan about 10 years ago that was going to cripple the computer industry for years to come?

Yes, some people may lose their jobs, but only because of the paranoia spread by the media.

As far as owning a RED goes, if there is any sort of recession, isn't it more likley that people will start looking for cheaper alternatives to film? Could be your foot in the door.

But as the Godfather says, you still need a business plan, and I'd say that applies whether there is a recession or not, surely.
 
Pawel Achtel said:
Just looked at the financial news...it is a meltdown!

Aussie dollar has dropped nearly 40% within last 3 months, markets are in a blood bath, banks are offering money at over 550 basis points premium, ....wow!
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Bad news for you. Bad news for Jim. You have to cough up 40% more of your own currency, and he has a harder time selling his cameras. Foreign trade has always been like that.

A lot of foreign currencies were riding high recently but that was more because the greenback had sunk than the other countries economies had become more valuable.

Larger companies routinely use hedge funds to smooth out such fluctuations, which really only means they constantly pay the average of all the ups and downs of their country's exchange rate. It costs a little bit more, but most feel it's worth it.
 
Yup - everyone needs to tighten up or rethink their business model (myself included).

I think it was a smart move on REDs behalf to speed up production because who knows if people would have been able to afford their cameras in 3-4 months time?

Jim - this post shows your great understanding of the little league guys (like myself) who are stretching their economy in order to be able to afford the camera.
 
Jels Prostetnic said:
Bad news for you. Bad news for Jim. You have to cough up 40% more of your own currency, and he has a harder time selling his cameras. Foreign trade has always been like that.

A lot of foreign currencies were riding high recently but that was more because the greenback had sunk than the other countries economies had become more valuable.

Larger companies routinely use hedge funds to smooth out such fluctuations, which really only means they constantly pay the average of all the ups and downs of their country's exchange rate. It costs a little bit more, but most feel it's worth it.
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It is good for me because I recently spent $1/4m on gear (including Red) when Aussie was trading at $0.98 and now it is trading at $0.66. I can sell my footage, films and services at 30% discount and still be in front.

It is terrible for the US economy because they won't be able to sell anything if USD remains sky high. And, $0.66 towars AUD is sky-high; prohibitive - I know I won't be buying anything in US for a while.
 
i've been told the rothschilds own thje federal reserve and the bank of england so all this buying up of banks and "measures" to keep economies afloat just unredistribute the wealth back to the fatcats.
check out:

http://www.thetruthseeker.co.uk/article.asp?id=4277

We all thought we were in a boom, lauding our system and patting ourselves on the back- to the tune of millions in bonuses if one were a banker- but how can a system that supported so much starvation and suffering have been good. I'm glad it's crumbling. we should be using our reds to expose these iniquities. And try and make sure we don't prop up this skewed system any longer. good on JJ for giving us the tools.
 
quiktom said:
i've been told the rothschilds own thje federal reserve and the bank of england so all this buying up of banks and "measures" to keep economies afloat just unredistribute the wealth back to the fatcats.
check out:

http://www.thetruthseeker.co.uk/article.asp?id=4277

We all thought we were in a boom, lauding our system and patting ourselves on the back- to the tune of millions in bonuses if one were a banker- but how can a system that supported so much starvation and suffering have been good. I'm glad it's crumbling. we should be using our reds to expose these iniquities. And try and make sure we don't prop up this skewed system any longer. good on JJ for giving us the tools.
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I drink Baron Philippe de Rothschild wine(s) and take it easy at this funny times :clown2: .
 
Great advice!

The difference in attitude to the usual corporate fatcats is too rare.

Look at those AIG $%!*&s who only care about themselves :angry02: :
http://abcnews.go.com/story?id=5973452

Jim for president! :)
 
Why did the man who worked at Sony fall off his bike? Because Jim threw a fridge at him! AHAHAHAHAHAHA
 
Jim, sound advice. It's time for us to start putting the Red camera to use as a motivator, a communicator in addressing the issues we face today. I think we have become a complacent citizenship and we far too often let ourselves get squeezed by big corporations and government. From Wall Street to Capital Hill, there's mismanagement and corruption that is beyond reproach. Everyone needs to step up their game, even individually. It's not enough to sit back and blame the government and greedy corporations. We need to be far more interactive and have a louder voice. We need to be better informed voters. Washington is operating in a vacuum these days, making decisions that will impact us for years and years. They need to be held accountable for their actions.

I terms of this bailout. If you really want to jumpstart the economy, why not look at regulating the credit card companies who are charging people over 30% interest because they were 1 day pat their due date, things like that. Yes, we should encourage people to be responsible with credit, but they don't have to rip your heart out. Also, how about some kind of policy towards heating costs, which will be through the roof for people this winter.

I'm not sure bailing out Wall Street and the 2.5 trillion dollars in additional money that is going to be floated out there is going to be the complete solution here.

I don't usually vent too much, but I have to say that I'm fed up with what I see as incompetency, lack of integrity, and feeding an already news-hungry media. Gloom and doom. That's what the media seems to live on these days. I suppose they always have, but every storm is the apocalypse, it's as if we are in the end of days. Negativity spawns even greater negativity and lack of confidence. This country does need change. I'm not convinced either of the candidates running for president will bring it, but we certainly need it. We need our confidence (not arrogance) back, s that the rest of the world puts their confidence back in us and the American dollar. If Washington can't help do that, then they're going to have to get the hell out of the way and let people who can bring us back to solid ground do the job.

End of rant...
 
Jannard said:
I am not your father. Nor is it my intention to be. But I have some advice that is worth exactly what you are paying for it.

Be very careful with your spending. The world is in financial turmoil right now. I strongly recommend that you take care of your personal finances and tighten your belts.

If you can make a purchase that can make you some money, buy it. If you are considering making a purchase "just because"... please think twice.

Our customers are important to us. But not at the expense of their financial safety. We view RED as a long term partnership with our customers. Not a quick buck.

So be careful. We are all in this together. For the long haul.

Jim
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Yes, I was having the same thoughts this morning. Thank you for reinforcing them. I have so much respect for you and your accomplishments. Let's hope this mess changes course quickly for the better.
 
Thought provoking post Jim. Never expected this from a businessman. Thanks for your advice.
 
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