Doom, Gloom & Conspiracy Index Spot On Again!

[kman]

The world sucks a little less with the Rat Pack in it!

[frankq]

Yeah Baby!!!!!!!!!!!!

[Aman A.K.A. Ahamburger]

Ahh good times!!

[frankq]

A classic!

[Virgil Showlion]

You misunderstand us, Frank.

My doomism is purely reactionary. I enjoy challenging people to think, and given the rivers of Kool-Aid flowing through MT I have my work cut out for me.

As for Mid, you've pushed him to the point where, even if it came as the result of WWIII, he'd be dancing in the street should your retirement investments fail. You could say he's hedging his position on the future by going short optimism.

[frankq]

As for Mid, I agree.

[Aman A.K.A. Ahamburger]

As for Mid, you've pushed him to the point where, even if it came as the result of WWIII, he'd be dancing in the street should your retirement investments fail.

Some K4 that FQ!!!

Q to 100!!

[frankq]

aham you are the man!!!!!!!!!!!!!!!

[Aman A.K.A. Ahamburger]

No way bro, you are da man!!!

[midwesterner (banned)]

Q-TIP, you seem to think I enjoy the bad news that surrounds us, not true. I think it's quite sad, and even more sad that those that think just purely being positive and not facing reality as it comes at us is even more discouraging.

I am positive about the future, just not the near future. We have a period of time to go through that will be hard because of past decisions made, and actions taken by those in the power elite. Sorry, just fact of life. If a hurricane is coming your way, and you decide to go surfing then that's your business, but most of us would think that's a foolish, and would board up our homes, prepare for worst, pray for best, and come out realizing that it's not the end of the world, but a major setback.

I'm actually quite hopeful about the future. All this BS could end tomorrow if thick headed individuals would finally wake up, say enough is enough, and change the course this is taking. You Q-TIP are part of the problem, not the solution. you hang on to dear life to keep the empire intact, and keep it going, instead of using your noodle and thinking outside the box and demanding real change, change we all want and need.

Good luck with your retirement plan, I doubt it will work out the way you are expecting. Also, don't come crying to us if you end up in soup lines or those wonderful fema camps that will feed and vaccinate you for your own while being.

Anyways, I expect a rude insult back, but doesn't matter much coming from a game show contestant that couldn't even make it on your smarter than a 5th grader in the tryouts.

Good day and have a nice time with you Dow Jones while the rest of us see the writing on the wall.

FYI, Frank the I, and some others even see some of what I state here to be reasonable, even if not all of it, they are not as closed minded as you.

Have a good one Q-TIP, or Frankenberry, whatever you are.

[Aman A.K.A. Ahamburger]

As for Mid, you've pushed him to the point where, even if it came as the result of WWIII, he'd be dancing in the street should your retirement investments fail.

A little more K4UFQ

FrankQ for the 100 club!

[frankq]

Mid,

No rude insult, just truth. Misery loves company, and you'll find no company here. Since you have no real knowledge of how private Defined Benefit plans work, I won't even respond to your comment. As far as me being part of the "problem", that is just another stupid unsubstantiated comment in a long string of same that we've come to expect from you. It is you who is paranoid and closed minded as evidenced by your comment regarding "Fema Camps". You are a modern day McCarthyist.

[midwesterner (banned)]

Feb 18, 2011 13:26:19 GMT -5 frankq said:

Mid,

No rude insult, just truth. Misery loves company, and you'll find no company here. Since you have no real knowledge of how private Defined Benefit plans work, I won't even respond to your comment. As far as me being part of the "problem", that is just another stupid unsubstantiated comment in a long string of same that we've come to expect from you. It is you who is paranoid and closed minded as evidenced by your comment regarding "Fema Camps". You are a modern day McCarthyist.

I doubt your private defined benefits will be there. LOL, don't make me laugh harder. Just like social security and Medicare will be. Why don't you give it a shot and explain why the private defined benefits will be their for you? How are they funded, what are they invested in, how to they incur interest payments or appreciation to offset the inflation taking place?

I'm not insulting, I'm asking a real question because I would like to know.

Do you own physical gold or silver Frank the Q?

[frankq]

Mid,

Don't be stupid now. Private plans are funded by the participants. Not the government. Not the employers. As participants we exercise our option of addind funding to our plans during times of no or negative growth. We have our own auditors and investment experts who answer to our board which is made up of participants. We don't have only one money management company, but 3. We don't put all of our eggs in one basket. We fund our plans directly from our compensation package. Deposits are monitored. Employers are require to carry bonds to guarantee benefit monies. Money is invested in stocks, bonds, etc. In the event of investment underperformance, we simply take money from our pockets and fund the fund. The alternative would be to change benefits. We have always been responsible with our funds and our members have made the decision numerous times to forgo some "on the check" moneyin the interest of securing our future and funding the funds. We sit at over a 100% funding level. I'm not going to go into any more detail because it would be pointless. You doubt the plan will be there because you don't know anything about managing said plans. I do. I sit as a trustee.

Do I own physical gold? No. Too much hassle. I have about 7% of my money in GLD which is basically a gold trust. Nobody here ever said gold is a terrible idea, just that holding gold, or anything else, as an exclusive investment is a bad idea. I've said before, gold is basically an insurance policy, not a long term strategy.

Y

[midwesterner (banned)]

Feb 18, 2011 14:01:53 GMT -5 frankq said:

Mid,

Don't be stupid now. Private plans are funded by the participants. Not the government. Not the employers. As participants we exercise our option of addind funding to our plans during times of no or negative growth. We have our own auditors and investment experts who answer to our board which is made up of participants. We don't have only one money management company, but 3. We don't put all of our eggs in one basket. We fund our plans directly from our compensation package. Deposits are monitored. Employers are require to carry bonds to guarantee benefit monies. Money is invested in stocks, bonds, etc. In the event of investment underperformance, we simply take money from our pockets and fund the fund. The alternative would be to change benefits. We have always been responsible with our funds and our members have made the decision numerous times to forgo some "on the check" moneyin the interest of securing our future and funding the funds. We sit at over a 100% funding level. I'm not going to go into any more detail because it would be pointless. You doubt the plan will be there because you don't know anything about managing said plans. I do. I sit as a trustee.

Do I own physical gold? No. Too much hassle. I have about 7% of my money in GLD which is basically a gold trust. Nobody here ever said gold is a terrible idea, just that holding gold, or anything else, as an exclusive investment is a bad idea. I've said before, gold is basically an insurance policy, not a long term strategy.

Y

Well you said enough, invested in bonds and stocks. Good luck with that long term, your going to be surprised cause you can't see outside the box or bigger picture. Big events happen throughout history, and we are living one. You live in a bubble so you wouldn't see it.

You have just completely and utterly shown me your retirement plan is bogus, and based on old way of thinking, not the changes happening. GOOD LUCK Q-TIP!!!!

[frankq]

And you too have said enough and you've shown how stupid one can be regarding commentary about holdings that you have no specific knowledge about. When you fools see that the world is not coming to an end you'll be better off. Until then, you'll be left in it's wake.

[kman]

WOW....JUST....WOW

[midwesterner (banned)]

Thu, Feb 17 2011 Illinois bonds, budget in muni market spotlight

www.reuters.com/article/2011/02/11/us-illinois-pension-bonds-idUSTRE71A7CL20110211

(Reuters) - Illinois' lingering fiscal problems will be center stage in the U.S. municipal bond market next week as the state sells $3.7 billion of bonds and as its governor unveils a budget plan for the upcoming fiscal year.

While the state has taken steps to raise taxes and curb spending, years of overspending have left it with a big structural budget imbalance and its unfunded pension liability has mushroomed to the highest of all the states.

With no money for its fiscal 2011 pension payment, Illinois is turning to taxable general obligation pension bonds for a second year. In January 2010, the state sold $3.46 billion of five-year pension bonds to make its fiscal 2010 payment.

All three agencies said the state remained a credit concern due to its large structural budget deficit, huge unfunded pension liability and escalating debt issuance.

Illinois' unfunded pension liability is huge at $75.5 billion at the end of fiscal 2010, while its funded ratio was just 45.4 percent.

Illinois, the second biggest issuer behind California in the $2.8 trillion municipal bond market last year, could be on track to sell a substantial amount of debt again this year. Besides the pension bonds, Quinn is pushing a bill that would authorize $8.75 billion of GO bonds to pay a backlog of bills.

[frankq]

Mid. You are such an ass. What does Illinois unfunded PUBLIC EMPLOYEE PENSION funding issues have to do with PRIVATE PENSIONS? You have shown everybody that you don't know the difference, or that you were even aware there was a difference! LOLOLOLOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[usaone]

Scanning the internet morning, noon and night for negative articles on every topic about America.

What kind of life is that?

[kman]

I was wondering the same thing.

[frankq]

Psychotic!

[midwesterner (banned)]

Feb 18, 2011 14:56:02 GMT -5 frankq said:

Mid. You are such an ass. What does Illinois unfunded PUBLIC EMPLOYEE PENSION funding issues have to do with PRIVATE PENSIONS? You have shown everybody that you don't know the difference, or that you were even aware there was a difference! LOLOLOLOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!

LOL, just showing it's all funded by bs. You love you bonds and stocks, good luck with it all. Me thinks Q-TIP realizes that the metal heads were right all along, and is in panic mode. Relax, take a deep breath, it's not healthy to get all worked up over such things.

Good luck with you retirement Q.

[kman]

Your talking in circles Mid.

[frankq]

Kman are you getting dizzy yet?

[frankq]

Market Update:

As the rhetoric and nonsense spewed by the Doomers ramped up today, so did buying activity in the markets as the DOW gained over 70 points. Investors were delighted at the news that Mid was back and making more ridiculous statements than ever. "Apparently, Midwesterner is delighted that silver hit it's best price in 31 years" said one analyst. He continued: "It's about time that silver buyers in 1980 got back to even. They deserve it for sticking it out that long. Of course, considering inflation since 1980, they're not exactly even...." No matter to metal heads! It's party on and Tab for everyone!!

[kman]

yup!

How do you finance a corporation with physical gold?

[Virgil Showlion]

How do you finance a corporation with physical gold?

Veterans of a police force get shiny gold watches for their retirement, don't they?

That's part of their pension bling.

[frankq]

Feb 18, 2011 16:59:02 GMT -5 kman said:

yup!

How do you finance a corporation with physical gold?

I think you convert it to....uh....paper currency since that's how we ...uh....do business.

Hey. Since gold is running around $1380/oz, and the doomers think the dollar is worthless, why are they happy that the metal is worth more "worthless" dollars? These guys have really painted themselves into a corner on this one. The only way they win is for America to collapse. They can never invest in stocks or bonds because they have sworn off them as "worthless." Metals would have to rise in perpetuity and they would never be able to sell and convert to currency because currency is worthless. So I guess they'll just have to sit around on the avocado green pit group and admire how the metal looks, condemned to never being able to redeem their "investment."

[kman]

How thoughtful