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Post by maui1 on Jun 22, 2011 10:39:18 GMT -5
the market is based on a 'madoff' scheme, funded by fiat paper.
how in the world can educated people, continue to throw money at a system that has evolved into a one sided game?
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Post by bubblyandblue on Jun 22, 2011 10:43:42 GMT -5
Legal Gambling
The gloom is fading from the real estate situation. More nibbles during the last few weeks than the last three years. If January brings us good rains, this next year will open the door to the sunshine – a case of rain bringing the sun.
It is to be hoped, however, that there will never be another boom. The crash of the boom of 1923 was due to the same causes that wrecked the wall street stock market. People sold what they did not own. They made a payment down in the hope of getting the property off their hands before it began to burn. Real estate fell into the hands of sharp-shooting gamblers who had no interest in land. To them it was just a pile of blue chips on a roulette wheel.
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bimetalaupt
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Post by bimetalaupt on Jun 22, 2011 10:48:29 GMT -5
the market is based on a 'madoff' scheme, funded by fiat paper. how in the world can educated people, continue to throw money at a system that has evolved into a one sided game? maui1, Brilliant, Many also call it the worlds largest Ponzi K4U Bi Metal Au Pt |
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Post by maui1 on Jun 22, 2011 10:49:52 GMT -5
time and time again, the stock market back door is opened to the educated, to see what is on the other side, and the corruption, unfairness, cheating, fraud, and lies, are in full view for everyone to see, but the game goes on in the hopes that the game will give them something, because 'they are smarter that the rest'.
every fool feels they are 'smarter than the rest'
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bimetalaupt
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Post by bimetalaupt on Jun 22, 2011 10:50:52 GMT -5
Legal Gambling The gloom is fading from the real estate situation. More nibbles during the last few weeks than the last three years. If January brings us good rains, this next year will open the door to the sunshine – a case of rain bringing the sun. It is to be hoped, however, that there will never be another boom. The crash of the boom of 1923 was due to the same causes that wrecked the wall street stock market. People sold what they did not own. They made a payment down in the hope of getting the property off their hands before it began to burn. Real estate fell into the hands of sharp-shooting gamblers who had no interest in land. To them it was just a pile of blue chips on a roulette wheel. B&B, Great thought.. I love LV..and so did my mother.. She called Wall Street.. LV-East.. also K4U Bi metal Au Pt |
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Deleted
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Post by Deleted on Jun 22, 2011 10:51:03 GMT -5
time and time again, the stock market back door is opened to the educated, to see what is on the other side, and the corruption, unfairness, cheating, fraud, and lies, are in full view for everyone to see, but the game goes on in the hopes that the game will give them something, because 'they are smarter that the rest'. every fool feels they are 'smarter than the rest' And so goes life. If you aren't cheating you aren't trying. |
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decoy409
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Post by decoy409 on Jun 22, 2011 10:51:07 GMT -5
And in that 'Case For Housing' Shiller report and with things from north to south,east to west with FOR SALE running in overabundance but the loans at the time kept on coming through to 'Build More',why thew old hack job is really rearing the ugly head. So where does the carnival wagon go from here is the big catch 22 question with implosion just around the corner in a well steered around big problem in commercial property. GDP hey.  |
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Post by maui1 on Jun 22, 2011 10:51:47 GMT -5
bime- how do you like my thread? neat huh?
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bimetalaupt
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Post by bimetalaupt on Jun 22, 2011 10:54:53 GMT -5
time and time again, the stock market back door is opened to the educated, to see what is on the other side, and the corruption, unfairness, cheating, fraud, and lies, are in full view for everyone to see, but the game goes on in the hopes that the game will give them something, because 'they are smarter that the rest'. every fool feels they are 'smarter than the rest' Maui1, Yes , but the bond market is more liquid.. Or is that the French Wine market.. Not going well if you bought the over priced 2009.. 2010 red from France are going to be better and also the 2011.. It is all about the global warming thing..You have posted very very very well.. real thinking.. Please keep up the great work. There is a tendency to think of the Stock Market as money machine that lives on new cash needed to improve prices.. call it a Ponzi if you wish. We that is 50% true as the price of stocks are about two times book value or more. Just my thoughts, Bi metal Au Pt.... |
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usaone
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Post by usaone on Jun 22, 2011 11:08:42 GMT -5
The stock market has always been about gambling and has always been manipulated. Some times more than others.
Every time you buy or sell a stock you manipulate the market.
Housing has bottomed in about 30% of the country.
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Post by maui1 on Jun 22, 2011 11:37:40 GMT -5
usa- two things......
1st- thanks for the interaction......we disagree, and sometimes strongly, but you are fair (xyz- is another).
2nd- you are the most confidently wrong person i know. you have been saying housing has bottomed each time it is announced monthly, that it is lower again........
but.......unlike frank- you will be right some day, so next month when the numbers are lower, you can make the same statement that the housing market has bottomed, and continue to do so until you are right.
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bimetalaupt
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Post by bimetalaupt on Jun 22, 2011 11:58:18 GMT -5
usa- two things...... 1st- thanks for the interaction......we disagree, and sometimes strongly, but you are fair (xyz- is another). 2nd- you are the most confidently wrong person i know. you have been saying housing has bottomed each time it is announced monthly, that it is lower again........ but.......unlike frank- you will be right some day, so next month when the numbers are lower, you can make the same statement that the housing market has bottomed, and continue to do so until you are right. Frank response to my 50/50 hedge system... "I" am 80/20 stocks waiting for the market to come to me....13,500...12/31/2011![image] Now for the bond bust.. Not how but when????WE both have been selling bonds.. Add Bill Gross ( PIMCO) to the list that makes three.. Bond Bears .. OK What is your allocation and projection for the DJIA by 12/31/2011.. MMXI V3 Gold last Gold was 1783.95245128093961284321 and I recall FTI was at 1750. What is maui1 projection for gold??? By the way , In Midland,Tx RE is hot and they are building $1,000,000+ homes again in numbers. Prices are up... Just a thought, Bi Metal Au Pt |
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usaone
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Post by usaone on Jun 22, 2011 12:22:23 GMT -5
usa- two things...... 1st- thanks for the interaction......we disagree, and sometimes strongly, but you are fair (xyz- is another). 2nd- you are the most confidently wrong person i know. you have been saying housing has bottomed each time it is announced monthly, that it is lower again........ but.......unlike frank- you will be right some day, so next month when the numbers are lower, you can make the same statement that the housing market has bottomed, and continue to do so until you are right. Frank response to my 50/50 hedge system... "I" am 80/20 stocks waiting for the market to come to me....13,500...12/31/2011![image] Now for the bond bust.. Not how but when????WE both have been selling bonds.. Add Bill Gross ( PIMCO) to the list that makes three.. Bond Bears .. OK What is your allocation and projection for the DJIA by 12/31/2011.. MMXI V3 Gold last Gold was 1783.95245128093961284321 and I recall FTI was at 1750. What is maui1 projection for gold??? By the way , In Midland,Tx RE is hot and they are building $1,000,000+ homes again in numbers. Prices are up... Just a thought, Bi Metal Au Pt RE prices also up in my area and elsewhere. I will post a link. |
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Post by maui1 on Jun 22, 2011 12:59:18 GMT -5
By the way , In Midland,Tx RE is hot and they are building $1,000,000+ homes again in numbers. Prices are up...
texas is big.........i have family in austin that can't sell due to being underwater....and he bought in 2004, with no refi, and in the low cost range.
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decoy409
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Post by decoy409 on Jun 22, 2011 14:40:47 GMT -5
Why you can jack the price all you like,but does not change the fact of who is buying the FORECLOSURES on the county auction blocks,and improving their holding spreads by doing so.
That's such wonderful news about building more homes when MILLIONS upon MILLIONS are in DEFAULT.
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usaone
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Post by usaone on Jun 22, 2011 15:18:13 GMT -5
But most home owners are NOT in default.
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Post by maui1 on Jun 23, 2011 9:25:54 GMT -5
But most home owners are NOT in default.
you don't need 'most' home owners in default..........all you need is enough to keep the trend moving downward to eventually get to most.
what happens if the housing market goes down another 25%? not saying it will (hope it won't), but what happens if it does, how many will be underwater then and how many will default?
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Virgil Showlion
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Post by Virgil Showlion on Jun 23, 2011 9:34:34 GMT -5
Nobody's making any money today, gentlemen. Let's not glory in the fact.
What a mess. Huge misses on job numbers. Trichet over in Europe officially declared panic. China's banks are apparently having liquidity problems again; their overnight lending rates are closing in on 10%.
1 mo. T-bills are back in negative interest territory as the world pays the US government to hold onto their cash for a month. The US dollar gets a safety bump, commodity prices, stocks, and everything else drop 2%. Welcome to the new normal.
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Post by maui1 on Jun 23, 2011 9:48:08 GMT -5
The US dollar gets a safety bump, commodity prices, stocks, and everything else drop 2%. Welcome to the new normal.
virg- the metals took a today as a quick safety dollar reaction to the 200 point plus drop in the dow. this means nothing, as the when rational thinking starts again, most that in the dollar, will realize that the dollar is another mess, and they will then move into something that gov'ts can't print.
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Post by maui1 on Jun 23, 2011 10:00:46 GMT -5
all markets suck today. they suck because they are all based on fiat money that has been abused by all of the world gov'ts.
i don't know about anyone else, but the fear that is out there is real. it is not just greece, japan or any other 'one country'........it is all of them, including america.
all the countries of the world are juggling their finances, hoping one of them isn't the one to trigger a world fiat money collapse.
do i sound like a doom and gloomer? if i don't, then i have not been clear enough....as that is exactly how i want to sound!
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Post by maui1 on Jun 23, 2011 10:32:48 GMT -5
Wary of a new surge in gas prices, the Obama administration has decided to release 30 million barrels of oil from the country's emergency reserve as part of a broader international response to lost oil supplies caused by turmoil in the Middle East and North Africa, particularly Libya.
the above is the kinda shit that keeps us lost in the maze of confusion......who knows what our gov't will do next to "fix" all of our problems?
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decoy409
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Post by decoy409 on Jun 23, 2011 10:41:18 GMT -5
'what happens if the housing market goes down another 25%? ' Well as covered we are about 80% off as of now,so I guess that would make it -105 or so. Catching that FOREX action? Germans must be getting a tad upset.  and that Ice Dollar Index....and it's spike to 76 plus....why that's pretty funny as the pattern coincides perfectly today between good old wall street and the dollar index. One or the other as I pointed out has to give in order to make the other float. The pattern has been ongoing for weeks. Must be about time for the blame game to really heat up. |
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Post by maui1 on Jun 23, 2011 11:10:52 GMT -5
decoy- i know we have similar views on things, but i am never sure wtf you are saying. i try, but i get lost trying.
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Post by silverdollar on Jun 24, 2011 9:46:14 GMT -5
My oh my, that Dow just keeps on going lower. I wonder why? Could it be that some smart people realized that the stock market (casino) is rigged to pay to the house and pulled their money out? Nahhh, we should listen to the rat-pack geniuses that say that it's a "healthy" market correction (wxyz). lmao. Go ahead and piss your money away pal.
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Post by maui1 on Jun 24, 2011 9:57:10 GMT -5
just the fact that some executives, of big public companies, and hedge funds, can make millions of dollars a year, even if their company/fund does not make money, should be warning enough that they are skimming the cream off the top, and leaving what if left (if there is any) to those that are lucky enough to 'guess' right.
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usaone
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Post by usaone on Jun 24, 2011 9:58:45 GMT -5
My oh my, that Dow just keeps on going lower. I wonder why? Could it be that some smart people realized that the stock market (casino) is rigged to pay to the house and pulled their money out? Nahhh, we should listen to the rat-pack geniuses that say that it's a "healthy" market correction (wxyz). lmao. Go ahead and piss your money away pal. Short term correction. Look at what the dow is down from its high for the year and then look at Gold and Silver from there high of the year. Stock Market 7% Gold 9% Silver 33%  Where are all those posts pumping Silver? |
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Post by maui1 on Jun 24, 2011 10:49:14 GMT -5
usa- silver started the year at 31.......where do you get your numbers that mean anything? seems as a long term investor, that you claim to be....something up by more that 10% would have value to you.
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decoy409
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Post by decoy409 on Jun 24, 2011 11:56:04 GMT -5
Deleted by me Decoy.  |
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rovo
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Post by rovo on Jun 24, 2011 12:18:43 GMT -5
It would be wise for some to remember the next ban is the last ban.
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decoy409
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Post by decoy409 on Jun 24, 2011 12:23:49 GMT -5
What do you suggest that should be used as a replacement word for what the pack has called itself when referring to the pack? Or is there something else that goes beyond that we should be informed of? A politeful reply would be great.  I also deleted the above as I take it that is not allowed any longer. |
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