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LookoutBelow
ParticipantHahahahaaaa !!!
I hope nobody wonders where all those old Wal-Mart greeters come from !!
They pissed away their retirement ! hahahahahaaa…now they will work until they die….fools
ParticipantHahahahaaaa !!!
I hope nobody wonders where all those old Wal-Mart greeters come from !!
They pissed away their retirement ! hahahahahaaa…now they will work until they die….fools
ParticipantHere's a scenario….I know this from personal experience …..when a shady character sells a business, he will sometimes INFLATE the annual revenues and actually pay taxes on those fictitious revenues…. to command a much higher sales price…its called fraud.
ParticipantHere's a scenario….I know this from personal experience …..when a shady character sells a business, he will sometimes INFLATE the annual revenues and actually pay taxes on those fictitious revenues…. to command a much higher sales price…its called fraud.
ParticipantGo down to Newport and see my boys who are gold traders…put that into a small bullion bar or loons or Krugerrands, go down to checker auto parts store and buy some flat black krylon spray paint, spray it so its good and ugly and stash it in your garage, next to the weedeater or shovel…crooks NEVER steal work tools, so they wont even see it there and wait for a rainy day……or you could buy lots of ammo….the currency of the future
When you buy gold, real gold, you have something tangible…when you buy gold CERTIFICATES…you have potentially some very expensive toilet paper.
Gold is the currency of the kings, a time proven store of wealth….just dont have too much of it. Too hard to hide and or protect.
ParticipantGo down to Newport and see my boys who are gold traders…put that into a small bullion bar or loons or Krugerrands, go down to checker auto parts store and buy some flat black krylon spray paint, spray it so its good and ugly and stash it in your garage, next to the weedeater or shovel…crooks NEVER steal work tools, so they wont even see it there and wait for a rainy day……or you could buy lots of ammo….the currency of the future
When you buy gold, real gold, you have something tangible…when you buy gold CERTIFICATES…you have potentially some very expensive toilet paper.
Gold is the currency of the kings, a time proven store of wealth….just dont have too much of it. Too hard to hide and or protect.
ParticipantNot necessarily….1,800 banks went out of business in 8 months in the summer of 1930…..most bankers (99%) are not nearly as smart as people would like to think they are. They're robot worker units with no personality mostly
I played golf with a "banker" a few weeks ago and he was a "True Believer" in the BS hype of this "Goldilocks" economy…..I just snickered….he wasnt even aware of the severity of the real estate meltdown thats already starting to occur. In fact !, the idiot JUST bought a new 900K home and STILL hasnt sold his original one, he was a little concerned because they havent even had one offer yet !!!….. Hows THAT for being "informed" ? …I'm pretty sure he wont be able to make both of those mortgages for too long….I sensed that in our conversations….
I spun a very small version of my real estate meltdown tale and his eyes lit up like he JUST saw the light !!..I gave him a homework assignment to check out a few web sites for his edification…..Heheheheee…..im sure he hasnt slept a wink since then !!…Fools I tell ya !!
Too bad really, he was a nice young man, but he's gonna pay up the wazzoo ……some will be kings, some will be pawns
ParticipantNot necessarily….1,800 banks went out of business in 8 months in the summer of 1930…..most bankers (99%) are not nearly as smart as people would like to think they are. They're robot worker units with no personality mostly
I played golf with a "banker" a few weeks ago and he was a "True Believer" in the BS hype of this "Goldilocks" economy…..I just snickered….he wasnt even aware of the severity of the real estate meltdown thats already starting to occur. In fact !, the idiot JUST bought a new 900K home and STILL hasnt sold his original one, he was a little concerned because they havent even had one offer yet !!!….. Hows THAT for being "informed" ? …I'm pretty sure he wont be able to make both of those mortgages for too long….I sensed that in our conversations….
I spun a very small version of my real estate meltdown tale and his eyes lit up like he JUST saw the light !!..I gave him a homework assignment to check out a few web sites for his edification…..Heheheheee…..im sure he hasnt slept a wink since then !!…Fools I tell ya !!
Too bad really, he was a nice young man, but he's gonna pay up the wazzoo ……some will be kings, some will be pawns
ParticipantWhat a TOTAL crackup !! Hahahaha….the greedy b*stards are getting their comeuppance now !…."its not OUR fault..we were lied to"…..Hahahahahaaa
Bring on the crash !!!Lets let this mess get sorted out the right way….
ParticipantWhat a TOTAL crackup !! Hahahaha….the greedy b*stards are getting their comeuppance now !…."its not OUR fault..we were lied to"…..Hahahahahaaa
Bring on the crash !!!Lets let this mess get sorted out the right way….
ParticipantI figured as much….but they had one hell of a fun ride for a while !!
They saw an opportunity, they took the chance, they gambled, won a few times, then they got addicted to it and finally got caught short..Ride was over ….Im sure 30-50% of all sales the last 2 years were "Serial Flippers" like these….Lots of Porsche SUV's to be had cheap right now, imagine in 6 more months ? Hmmm… I do kind of like the looks of em, and at THAT price, it would be a steal !!
ParticipantIn my opinion, the market is nothing more than a HUGE Las Vegas craps table….you've got the Pro gamblers (brokers) who have a "system" . Those associated with the biggest houses are some are pretty good at it and can make a living, some of those make a literal fortune.. and then you've got the "retail customers"..ordinary folks, Mom and Pops, who listen to Cramer and they trade on hunches, not necessarily fundamentals…neither one is wrong and neither one is right.
Markets are irrational, always have been. Your taking the opposite side of the pro's mostly and dont even know it. It can be manipulated so easily by the big trading houses with their ability to actually move markets in any direction at will…Some call that Power because of size….I call it manipulation..That to me is no different than shaved dice being used by the "house" to fleece you.
The SEC is totally a joke in its enforcement usually.
When the market first started doing its levitation trick in the dot com disaster prelude run up, I knew right then I was NOT smart enough, informed enough or possessed the size scrotum required to play this game…I got out. NOW its astounding to me with what I see daily.
In the end, its STILL gambling in my estimation. I'll sit on the sidelines and watch and be impressed by you fella's….I get conservatively around 5% roi in CD's and I have not had to take a tums or rolaids for years…I sleep like a baby too. I dont like the "chance/risk" associated with this "New" market…as I say, im not much of a gambler….
ParticipantDont worry your pretty little head there JG….Me and the boyz over at the PPT have EVERYTHING under control……
Love and Kisses,
B. Bernanke
Were gassing up the helicopter fleet right now
ParticipantSubmitted by Critter on May 11, 2007 – 6:53am."If you all were so in tune with the markets then wouldn't you all be millionaires today with you abilities to predict market trends?"
Some of us did buy early on and have sold in the last two years, so I guess we did time the market. For what it's worth, selling a single house even in an extremely overheated market will not make you a millionaire.
Oh yes it will !!!!………..I did it 3 times in 5 years….. AND Im going to do it 3 more times when this collapse gets going in earnest and finds its next bottom …. its NOT rocket science…buy low/sell high, almost as old as the prostitution trade….its no secret
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