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Getbig Main Boards => Gossip & Opinions => Topic started by: Wiggs on October 05, 2013, 09:44:35 AM
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This one will be ugly and blamed on an event but it's been coming because of the QE unlimited and the QEs prior to the Unlimited. This house of cards is ready to come crashing down for real this time. This will make the 2008 one look like a joke. In reality our true debt to GDP is somewhere around 500% It doesn't matter that we are the reserve currency, this is why other countries are buying gold and getting rid of dollars for other strong currencies. This is why billionaires have all recently dumped their stocks. This is why you see FEMA camps and militarized police. Because they know it's coming and they know how "krunk" Americans can get. So whether you like it or not, this is how they have do deal with American badasses. Imagine paying almost $10 for a gallon of milk because the dollar is shit. And that's just the 40% devaluation in the beginning. Once that happens all countries will get rid of their dollars and our dollars will be worthless. Meaning, you're fucked.
And that's my tinfoil hat article of the week.
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why is that losers like to fantasize so much about apocalyptic shit? Is that because their lives suck so bad they cant stand it but at same time they are too corward to commit suicide so they wish the world would just end for once and for all?
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why is that losers like to fantasize so much about apocalyptic shit? Is that because their lives suck so much that cant stand it but they are too corward to commit suicide so they wish the world would just end for once and for all?
That's quite the Sabbath Day meltdown. It seems to me you enjoy living in an ignorant bliss. That's your business. Now kindly piss off.
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Wiggs, you must be a christian, you buy into any bullshit spewed your direction.
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Bambam waving the flag like a true patriot....
(http://4.bp.blogspot.com/_oBRbTQRZwVI/TTda9EQNJgI/AAAAAAAAAmo/sbX5HPZkq8k/s1600/FlagWaver5x7.jpg)
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Wiggs, you must be a christian, you buy into any bullshit spewed your direction.
Actually I'm not a Christian. Although I am a follower of Christ. You sound like a typical idiot. Carry on.
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So I should sell my stocks Wiggs? >:(
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This one will be ugly and blamed on an event but it's been coming because of the QE unlimited and the QEs prior to the Unlimited. This house of cards is ready to come crashing down for real this time. This will make the 2008 one look like a joke. In reality our true debt to GDP is somewhere around 500% It doesn't matter that we are the reserve currency, this is why other countries are buying gold and getting rid of dollars for other strong currencies. This is why billionaires have all recently dumped their stocks. This is why you see FEMA camps and militarized police. Because they know it's coming and they know how "krunk" Americans can get. So whether you like it or not, this is how they have do deal with American badasses. Imagine paying almost $10 for a gallon of milk because the dollar is shit. And that's just the 40% devaluation in the beginning. Once that happens all countries will get rid of their dollars and our dollars will be worthless. Meaning, you're fucked.
And that's my tinfoil hat article of the week.
There are a lot of good info in what you write. But for all of us, all over the world, I hope it does not happen.
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why is that losers like to fantasize so much about apocalyptic shit? Is that because their lives suck so much that cant stand it but they are too corward to commit suicide so they wish the world would just end for once and for all?
yes
i used to be like this, hoping for the end
then i got on the roids and started living the dream
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This one will be ugly and blamed on an event but it's been coming because of the QE unlimited and the QEs prior to the Unlimited. This house of cards is ready to come crashing down for real this time. This will make the 2008 one look like a joke. In reality our true debt to GDP is somewhere around 500% It doesn't matter that we are the reserve currency, this is why other countries are buying gold and getting rid of dollars for other strong currencies. This is why billionaires have all recently dumped their stocks. This is why you see FEMA camps and militarized police. Because they know it's coming and they know how "krunk" Americans can get. So whether you like it or not, this is how they have do deal with American badasses. Imagine paying almost $10 for a gallon of milk because the dollar is shit. And that's just the 40% devaluation in the beginning. Once that happens all countries will get rid of their dollars and our dollars will be worthless. Meaning, you're fucked.
And that's my tinfoil hat article of the week.
You are one soft sonofabitch. What is your educational level?
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This one will be ugly and blamed on an event but it's been coming because of the QE unlimited and the QEs prior to the Unlimited. This house of cards is ready to come crashing down for real this time. This will make the 2008 one look like a joke. In reality our true debt to GDP is somewhere around 500% It doesn't matter that we are the reserve currency, this is why other countries are buying gold and getting rid of dollars for other strong currencies. This is why billionaires have all recently dumped their stocks. This is why you see FEMA camps and militarized police. Because they know it's coming and they know how "krunk" Americans can get. So whether you like it or not, this is how they have do deal with American badasses. Imagine paying almost $10 for a gallon of milk because the dollar is shit. And that's just the 40% devaluation in the beginning. Once that happens all countries will get rid of their dollars and our dollars will be worthless. Meaning, you're fucked.
And that's my tinfoil hat article of the week.
thank you for saying this... about time someone has.. people have their collective heads in the sand for way too long now watching the kardashians..
I agree 100% but have a couple questions:
1) if the dollar is devalued which I believe it would be wouldnt that drive up commodity prices like you say ($10 for milk) but yet also CRASH the market UP because all stocks will do is reflect the same worth but in the devalued dollars? Like if the Dow is 15k at the current dollar valuation - wouldnt the Dow go up to 100,000k if the dollar was worth less because it would then take more of the same dollars to buy a share of stock?
2)Do you believe there is a safe place in the US or safer place in the US to be when this all plays out? Is there a country or section of the world that you believe that wont be affected by the US economy crashing?
New World Order coming to a town near you..... so sayeth the Georgia guidestones and "new world airport commission" in Denver...
Pretty sad that people wont wake up until its too late
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So I should sell my stocks Wiggs? >:(
yes x 1000
People with stuff in stocks will lose everything.
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Some day one of your loony predictions will come true. Today is not your day.
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why is that losers like to fantasize so much about apocalyptic shit? Is that because their lives suck so much that cant stand it but they are too corward to commit suicide so they wish the world would just end for once and for all?
It's more Like they have failed to make a dent...so tbey want everyone else to be dragged down too.
Wiggs probably fantasizes that if there is an apocalypse, in the aftermath he'll be "running shit".....LOLOL
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Actually I'm not a Christian. Although I am a follower of Christ. You sound like a typical idiot. Carry on.
what is your religious preference wiggs
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thank you for saying this... about time someone has.. people have their collective heads in the sand for way too long now watching the kardashians..
I agree 100% but have a couple questions:
1) if the dollar is devalued which I believe it would be wouldnt that drive up commodity prices like you say ($10 for milk) but yet also CRASH the market UP because all stocks will do is reflect the same worth but in the devalued dollars? Like if the Dow is 15k at the current dollar valuation - wouldnt the Dow go up to 100,000k if the dollar was worth less because it would then take more of the same dollars to buy a share of stock?
2)Do you believe there is a safe place in the US or safer place in the US to be when this all plays out? Is there a country or section of the world that you believe that wont be affected by the US economy crashing?
New World Order coming to a town near you..... so sayeth the Georgia guidestones and "new world airport commission" in Denver...
Pretty sad that people wont wake up until its too late
1) Everything would cost much more but at the same time, your dollar would buy much less. So in essence you get screwed twice. And because the dollar is the world's reserve currency, every other nation that's knee deep in dollars will suffer the same fate. We've become too globalized and dependent on one another. This was done purposely to cause this big crash so they can usher in 1 currency from 1 government. Then, there will be no more crashes because all debt would be absorbed. But no, no crashing up. Dollars worth much less and you have less dollars, it triggers a domino effect. No pensions or retirements-----> No more savings------>No money to support business------------>No money to support employees--------->No food, water, shelter------>Civil Unrest-------------->Martial Law
2) In America? Well, well all be screwed somehow. It will affect everyone in America in some way or another for sure. I can't really say the best places to be. I can say the worst places to be...CITIES. If you haven't prepped to some degree with food or water and medical supplies. I can't stress the disservice you're doing to yourself and/or families. Gold and silver will mean shit when food and water is scarce. Theres your new money. bartering. In terms of a safe place in the world? Someplace that U.S. hasn't infected with it's policies or fake money.
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It won't effect Falcon he will still stand and paint, drink water from a river and eat leaves.
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Before you view this video, I suggest you google who this man is. Jim Rogers. Read his profile, where he went to school, what he did etc. Then watch the video. Then reread what I wrote and you will find me to be correct. If you still can't get it, you are officially mentally impotent.
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This one will be ugly and blamed on an event but it's been coming because of the QE unlimited and the QEs prior to the Unlimited. This house of cards is ready to come crashing down for real this time. This will make the 2008 one look like a joke. In reality our true debt to GDP is somewhere around 500% It doesn't matter that we are the reserve currency, this is why other countries are buying gold and getting rid of dollars for other strong currencies. This is why billionaires have all recently dumped their stocks. This is why you see FEMA camps and militarized police. Because they know it's coming and they know how "krunk" Americans can get. So whether you like it or not, this is how they have do deal with American badasses. Imagine paying almost $10 for a gallon of milk because the dollar is shit. And that's just the 40% devaluation in the beginning. Once that happens all countries will get rid of their dollars and our dollars will be worthless. Meaning, you're fucked.
And that's my tinfoil hat article of the week.
100% true. I used to preach like this, but I've come to realize that 95% of the sheeple I talk to don't have the brainpower or critical thinking skills to understand or care about it. Everyone is living in the moment... totally zombified by the MSM, reality tv, sports, tech-toys, facebook and twitter.
Take care of yourself and your own. Stockpile ammo, water, food and supplies... fuck everyone else.
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Wiggs, you must be a christian, you buy into any bullshit spewed your direction.
So... None of this is going to happen? ???
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Before you view this video, I suggest you google who this man is. Jim Rogers. Read his profile, where he went to school, what he did etc. Then watch the video. Then reread what I wrote and you will find me to be correct. If you still can't get it, you are officially mentally impotent.
Jim Rogers is a con that was basically fired from the Quantum fund by the man himself (Soros). Since then he didnt trade shit, all he does is spell blablabla. He pretends he is a player but he doesnt make a single bet with real money, its all words.
If you think the markets and the dollar are going to tank why dont you use all your money to short sell the hell of them and get billions? Oh right, you dont have any $$$$ to begin with.
Here is a man that is called THE ORACLE by many, but the main thing he did was bet over and over again that the world would not end:
(http://1.bp.blogspot.com/-fRqgM5udD5E/TuAthEtHOVI/AAAAAAAACtc/EnvSUK3JQA8/s1600/warrenBuffett04+-+young.jpg)
I guess I will listen to him instead of over following the advice of some broke ass pot smoker nikka on the interwebs
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If you think the markets and the dollar are going to tank why dont you use all your money to short sell the hell of them and get billions? Oh right, you dont have any $$$$ to begin with.
Here is a man that is called THE ORACLE by many, but the main thing he did was bet over and over again that the world would not end:
(http://1.bp.blogspot.com/-fRqgM5udD5E/TuAthEtHOVI/AAAAAAAACtc/EnvSUK3JQA8/s1600/warrenBuffett04+-+young.jpg)
I guess I will listen to him instead of over following the advice of some broke ass pot smoker nikka on the interwebs
Buffett was weeks from claiming bankruptcy in 2008 when everything fell apart. The net value of his precious Berkshire Hathaway lost 50-60% like many others did. TPTB put him on CNBC everyday to pump the markets. He does not "invest" in financial companies unless he has a 5-10% coupon and 100% government backing. He's nothing more than a bankster shill.
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We should then have a full scale war.
Annhilate your opponents while you are still the strongest!!
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Buffett was weeks from claiming bankruptcy in 2008 when everything fell apart. The net value of his precious Berkshire Hathaway lost 50-60% like many others did. TPTB put him on CNBC everyday to pump the markets. He does not "invest" in financial companies unless he has a 5-10% coupon and 100% government backing. He's nothing more than a bankster shill.
ROFL, doom and gloomers are so desesperate now that they are making up plain and bold LIES to "back up" their claims
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People who have very little are always hoping and warning that the sky is falling.
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People who have very little are always hoping and warning that the sky is falling.
Yep and even though they have no investments they suddenly become financial experts and tell everyone to sell. Meanwhile, actual rich people buy more and more investments when the market is down so when it goes back up they make a fortune. 8)
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Listen to Walter, people
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This one will be ugly and blamed on an event but it's been coming because of the QE unlimited and the QEs prior to the Unlimited. This house of cards is ready to come crashing down for real this time. This will make the 2008 one look like a joke. In reality our true debt to GDP is somewhere around 500% It doesn't matter that we are the reserve currency, this is why other countries are buying gold and getting rid of dollars for other strong currencies. This is why billionaires have all recently dumped their stocks. This is why you see FEMA camps and militarized police. Because they know it's coming and they know how "krunk" Americans can get. So whether you like it or not, this is how they have do deal with American badasses. Imagine paying almost $10 for a gallon of milk because the dollar is shit. And that's just the 40% devaluation in the beginning. Once that happens all countries will get rid of their dollars and our dollars will be worthless. Meaning, you're fucked.
And that's my tinfoil hat article of the week.
if this happens people will riot, destroy and kill all congress, there wont be a government again
this is not going to happen
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Buffett was weeks from claiming bankruptcy in 2008 when everything fell apart. The net value of his precious Berkshire Hathaway lost 50-60% like many others did. TPTB put him on CNBC everyday to pump the markets. He does not "invest" in financial companies unless he has a 5-10% coupon and 100% government backing. He's nothing more than a bankster shill.
BOOM.
Ole' Grandpa Warren had to go on TV and extort the govt (and by extension the American people) by saying that he was pumping money into buying bank stocks because he knew the govt. would never, ever, ever not bail them out.
This guy is a total piece of shit fraud.
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You are one soft sonofabitch. What is your educational level?
A specialization in zerohedge.com with a degree in google.com.
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BOOM.
Ole' Grandpa Warren had to go on TV and extort the govt (and by extension the American people) by saying that he was pumping money into buying bank stocks because he knew the govt. would never, ever, ever not bail them out.
This guy is a total piece of shit fraud.
The people that worked at American International Group, Bear Stearns, Lehman Brothers, Countrywide Financial, Washington Mutual, Wachovia, Northern Rock might disagree with you.
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It is a fact the 1% are slowly but surely preparing for something and dont want to alarm the masses. But...it has always been the same.
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A specialization in zerohedge.com with a degree in google.com.
dont forget a PhD in sucking at life, hth
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why is that losers like to fantasize so much about apocalyptic shit? Is that because their lives suck so bad that cant stand it but they are too corward to commit suicide so they wish the world would just end for once and for all?
;D ;D
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yes x 1000
People with stuff in stocks will lose everything.
Wrong!
A share of stocks represent a fractional ownership in a company. The intrinsic value of a company only changes if the earnings power of the company changes. Most companies are reporting record earnings right now and that's unlikely to change over the next five years.
Stocks are a better investment than bonds because most of a companies earnings are retained by the company. A shareholders return on the retained earnings is equal to the companies return on capital. For example Exxon has a return on capital of 25 percent. Where else are you going to get a 25 percent return on capital?
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Actually I'm not a Christian. Although I am a follower of Christ. You sound like a typical idiot. Carry on.
NOBODY officially recognizes yours Israelism , every single day Israels Department of Immigration
is deporting Africans who pretend to be Jews.
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It is a fact the 1% are slowly but surely preparing for something and dont want to alarm the masses. But...it has always been the same.
The prep is for the end of the QE program and the unprecedented zero interest rate policy of the fed. Just the notion that this program will end has sent long term rates up. This program has also inflated the stock market due to low interest rates and lack of investment options. Irrational exuberance never has a happy ending.
For the most part Americans are financially illiterate and if you ask them what there 401k is invested in they look at you with a blank stare. This is why people get crushed when the market drops in dramatic fashion or they lose money in their bond funds.
This QE program has been flawed from the start. The value of U.S. Treasuries has been maintained by the Fed’s willingness to print dollars to buy more Treasuries thus creating a non market $85 or so billion a month demand for such securities. Remove that demand and the price of Treasuries drops and yields rise. Thus, the value of U.S. Treasuries AND the dollar have been backed by the Fed’s willingness to print dollars to support the dollar because if the U.S. Treasury market collapses, so does the value of the dollar.
The Fed has already created massive economic damage through their QE program (for a part time recovery) for which the economic consequences will be paid if they continue QE or if they stop it. It's a no win at this point and in my opinion the fed will lose control of interest rates one way or another.
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Don't take financial advise from broke people. -dave ramsey.
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Realize this: Every day is a new day. Every moment currently is now a moment in the past never to return.
Nobody on this board controls anything. Anything can happen at any time without you or I planning it. We just deal with whatever comes our way when it comes. Anything prior to that is pretty much a waste.
Worry much? Why?
Will all of the worry in the world change any future events or circumstances?
Deal with today. 24 hours is what we were given because it's all we can handle.
Chill homies ~
(Too simple or too profound?)
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The people that worked at American International Group, Bear Stearns, Lehman Brothers, Countrywide Financial, Washington Mutual, Wachovia, Northern Rock might disagree with you.
^
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The prep is for the end of the QE program and the unprecedented zero interest rate policy of the fed. Just the notion that this program will end has sent long term rates up. This program has also inflated the stock market due to low interest rates and lack of investment options. Irrational exuberance never has a happy ending.
For the most part Americans are financially illiterate and if you ask them what there 401k is invested in they look at you with a blank stare. This is why people get crushed when the market drops in dramatic fashion or they lose money in their bond funds.
This QE program has been flawed form the start. The value of U.S. Treasuries has been maintained by the Fed’s willingness to print dollars to buy more Treasuries thus creating a non market $85 or so billion a month demand for such securities. Remove that demand and the price of Treasuries drops and yields rise. Thus, the value of U.S. Treasuries AND the dollar have been backed by the Fed’s willingness to print dollars to support the dollar because if the U.S. Treasury market collapses, so does the value of the dollar.
The Fed has already created massive economic damage through their QE program (for a part time recovery) for which the economic consequences will be paid if they continue QE or if they stop it. It's a no win at this point and in my opinion the fed will lose control of interest rates one way or another.
^
NO more be said.
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if this happens people will riot, destroy and kill all congress, there wont be a government again
this is not going to happen
nah, sheeps wont do shit and will adapt depending of what they have. Actually the situation worldwide will take a long time to rot. The real cold hard truth is that times will be tough for a lot of people for a long time, then after years, maybe a decade of people getting frustrated beyond what they can take, then things will get bloody. People will still have their material stuff for a while, so they wont complain. I repeat, this scenario has happened countless times in the past, and humans always react the same way, whatever the era; they need to lose everything first to "rebel". People have been conditioned for 2 or 3 generations to a peaceful, hypocritical life centered around material goods. It s the sons and grandsons of current people in their 20/30s who will have it bad. You have to see long term. It must be pretty hard for someone who s uneducated , has no spiritual interests at all and doesnt have or plan on having an offspring tho. 99% of people on earth only care about tomorow and that's about it. There s a reason why there is a 1% and a 99%.
I said it and I ll say it again, as long as you dont have kids, you only understand 50% of what life is really about. We are in for a slow but steep decay in living conditions for a lot of people for at least 2 or 3 decades. Then of this I am sure, wars will follow. You can control your anger, but you can't control the anger of your grandgrand sons who arent born yet but will deal with much much heavier shit that we do today. They ll probably have many reasons to wish for a war in 2 or 3 decades from now because obviously some major geopolitical events will occur following the economic collapse. I m in my 30s, and think we wont see the big one -maybe the ones who will live to their 100s- , but we will see everything that will lead to it. What has to be done to prepare yourself and offspring for it have always bee the same.
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Wrong!
A share of stocks represent a fractional ownership in a company. The intrinsic value of a company only changes if the earnings power of the company changes. Most companies are reporting record earnings right now and that's unlikely to change over the next five years.
Stocks are a better investment than bonds because most of a companies earnings are retained by the company. A shareholders return on the retained earnings is equal to the companies return on capital. For example Exxon has a return on capital of 25 percent. Where else are you going to get a 25 percent return on capital?
Record earnings from some companies due to cost cutting, layoffs, reduced inventory etc...but no new revenue from most companies...which means no real growth, no added value, a fake QE pumped up bubble market.
Only offering returns in the market through artificially low interest rates on savings, suppressing price of gold and silver, not loaning on investment real estate, etc is keeping everyone's money in the market. There's a reason for that.
Bond market will be wrecked because they have hands in that also. What goes up must come down. It's that simple. Getting a 25% return means nothing if you don't get to keep it when the market corrects by at least that amount. In one word what is going on is unsustainable.
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Lol businesses survived cause they fired tons of people, people who werent even recorded by so called official statisticians. And there s no re industrialization of north america either.
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This one will be ugly and blamed on an event but it's been coming because of the QE unlimited and the QEs prior to the Unlimited. This house of cards is ready to come crashing down for real this time. This will make the 2008 one look like a joke. In reality our true debt to GDP is somewhere around 500% It doesn't matter that we are the reserve currency, this is why other countries are buying gold and getting rid of dollars for other strong currencies. This is why billionaires have all recently dumped their stocks. This is why you see FEMA camps and militarized police. Because they know it's coming and they know how "krunk" Americans can get. So whether you like it or not, this is how they have do deal with American badasses. Imagine paying almost $10 for a gallon of milk because the dollar is shit. And that's just the 40% devaluation in the beginning. Once that happens all countries will get rid of their dollars and our dollars will be worthless. Meaning, you're fucked.
And that's my tinfoil hat article of the week.
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I like your sense of humor. But just in case you are not joking:
1. The US debt to GDP ratio is 73%. What is your evidence that it it 500%?
2. Other countries are buying MORE dollars. They are snapping up Treasuries in spite of the threat of default. That's why interest rates have dipped down lately. When the price of a bond goes up, its yield goes down.
3. Gold is dropping in price - down $300 an ounce year to date.
I'm not saying that we're in a great situation these days.
But when I do weed I get more optimistic. Try a different strain, perhaps.
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Bet your account that it doesnt happen.
Of course you wont make that wager because you don't even believe half the shit you say.
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Wrong!
A share of stocks represent a fractional ownership in a company. The intrinsic value of a company only changes if the earnings power of the company changes. Most companies are reporting record earnings right now and that's unlikely to change over the next five years.
Stocks are a better investment than bonds because most of a companies earnings are retained by the company. A shareholders return on the retained earnings is equal to the companies return on capital. For example Exxon has a return on capital of 25 percent. Where else are you going to get a 25 percent return on capital?
Exxon is giving you 25% return on investment?
How are yoiu doing that with a 2-3% dividend yield?
Exxon is an excellent stock, don't get me wrong. But where the fuck does 25% come from?
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Wrong!
A share of stocks represent a fractional ownership in a company. The intrinsic value of a company only changes if the earnings power of the company changes. Most companies are reporting record earnings right now and that's unlikely to change over the next five years.
Stocks are a better investment than bonds because most of a companies earnings are retained by the company. A shareholders return on the retained earnings is equal to the companies return on capital. For example Exxon has a return on capital of 25 percent. Where else are you going to get a 25 percent return on capital?
Wake up dude... you own NOTHING but a piece of paper.
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Wake up dude... you own NOTHING but a piece of paper.
That means the night janitors, enabled if need be by the Second Amendment, can seize a building as their own and hold it for as long as their ammunition holds out. Since if legal documents become meaningless, possession becomes ownership.
That might generate a bit of a hiccup in the real estate market.
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Thing with these bullshit predicitons is that there is no conseuqence for being wrong. And what do u mean by 'soon' anyway? Be as concrete as possible so you have no BS excuse a la 'spiritual awakening of 2012' as your means of escaping the inevitable butt rape assault by team getbig
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Exxon is giving you 25% return on investment?
How are yoiu doing that with a 2-3% dividend yield?
Exxon is an excellent stock, don't get me wrong. But where the fuck does 25% come from?
Copied from Exxon's Annual Report page 6
Strong safety and operations performance supported by effective risk management
Earnings of $45 billion and an industry-leading return on average capital employed of 25 percent
Total shareholder distributions of $30 billion
(1)
Dividends per share increased 21 percent in the second quarter of 2012, the 30th consecutive year
of dividend per share increases
If you own a thousand shares of Exxon your annual earnings are $7,940. All of this money is yours! However, your divided checks for the year are only $2,520.
Another $2800 is returned to you in the form of share buybacks which is as real as a cash divided with the added benefit of your not having to be taxed on it. Your remaining $2620 is retained by the company and receives a return on capital of 25%. As stated in there annual report page six.
And that is why Exxon has the highest market caps of any American company and a AAA credit rating. 8)
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Thing with these bullshit predicitons is that there is no conseuqence for being wrong. And what do u mean by 'soon' anyway? Be as concrete as possible so you have no BS excuse a la 'spiritual awakening of 2012' as your means of escaping the inevitable butt rape assault by team getbig
LOL exactly. it doesn't happen it's just "oh wait, it'll come soon". fuck this apocalyptic bullshit. we'll be fine. shit isn't great but it's not cataclysmic.
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LOL exactly. it doesn't happen it's just "oh wait, it'll come soon". fuck this apocalyptic bullshit. we'll be fine. shit isn't great but it's not cataclysmic.
You would think the Dec 2012 thing would knock some sense into the conspiracy loonies, but they have found a way to rationalize around that as well! Ive heard it said best this way: people attached to ideology are very often wrong, but when they are right they are really right. The world is too complicated for anyone to make accurate predictions viewing it from only one perspective.
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The Original Dollars were black. Fact. They only became "greenbacks" because the term "wetbacks", while correct due to the backside being printed last and thus the ink remained wet longer, was deemed "not true enough" to the original intent of the great history of our currency.
Still skeptical? Why do you think they still refer to making big money as being "in the BLACK"?
Wiggs' is the voice of a profit, whining in the wilderness. ;D
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A lot of people on here have trouble with math. We are 17 Trillion in debt. That means we owe 17 trillion dollars. We are spending around 1 TRILLION dollars more then we make every year. OK so that sounds bad right? But what have we promised to pay in the future? What are our liabilities going forward that we hope to cover?
86 Trillion, according to the Wall Street Journal.
So they are just some right wingers, right? Just some nut jobs at the WSJ.
Folks, almost all reputable sources chart our liabilities between 50-100 TRILLION. If we are racking up debts of 1 Trillion dollars every year, how long before we pay off 50 TRILLION in future debt?
CAN YOU DO MATH?
Default is going to happen. Maybe not for 10 years or so, but don't be an idiot and assume the status quo will continue forever. IT NEVER HAS
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News alert:
dummies are dumb
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Doesn't really matter, the Mayans have us all dead in 12/12.
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This one will be ugly and blamed on an event but it's been coming because of the QE unlimited and the QEs prior to the Unlimited. This house of cards is ready to come crashing down for real this time. This will make the 2008 one look like a joke. In reality our true debt to GDP is somewhere around 500% It doesn't matter that we are the reserve currency, this is why other countries are buying gold and getting rid of dollars for other strong currencies. This is why billionaires have all recently dumped their stocks. This is why you see FEMA camps and militarized police. Because they know it's coming and they know how "krunk" Americans can get. So whether you like it or not, this is how they have do deal with American badasses. Imagine paying almost $10 for a gallon of milk because the dollar is shit. And that's just the 40% devaluation in the beginning. Once that happens all countries will get rid of their dollars and our dollars will be worthless. Meaning, you're fucked.
And that's my tinfoil hat article of the week.
X2! Sadly, the signs of this are all around, but the majority of people have their heads in the sand like a Pollyanna.
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This one will be ugly and blamed on an event but it's been coming because of the QE unlimited and the QEs prior to the Unlimited. This house of cards is ready to come crashing down for real this time. This will make the 2008 one look like a joke. In reality our true debt to GDP is somewhere around 500% It doesn't matter that we are the reserve currency, this is why other countries are buying gold and getting rid of dollars for other strong currencies. This is why billionaires have all recently dumped their stocks. This is why you see FEMA camps and militarized police. Because they know it's coming and they know how "krunk" Americans can get. So whether you like it or not, this is how they have do deal with American badasses. Imagine paying almost $10 for a gallon of milk because the dollar is shit. And that's just the 40% devaluation in the beginning. Once that happens all countries will get rid of their dollars and our dollars will be worthless. Meaning, you're fucked.
And that's my tinfoil hat article of the week.
Hey asshole. Let's see you put your money where your mouth is. Pick a timeframe between 1 and 12 months. Pick an amount of money between $50 and $1000.
You deposit the amount you pick with a getbigger we both trust and I'll deposit twice that amount. Winner takes all.
Starting from the first day when the markets are open after we've both put our money in escrow the bet is on: if, at the closing of the stock market during any day in the timeframe, any one the major indices (the DJIA, the NASDAQ or the S&P500) records a drop of 40% from its value at the start of the bet, you win and you immediately get a 200% return. If none of them do, then I win and I get a 50% return.
So how about it?
The same bet applies to Mr.1derful because he too thinks the signs are all around. Come on then, here's your chance to milk the impending crash for all it's worth.
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A lot of people on here have trouble with math. We are 17 Trillion in debt. That means we owe 17 trillion dollars. We are spending around 1 TRILLION dollars more then we make every year. OK so that sounds bad right? But what have we promised to pay in the future? What are our liabilities going forward that we hope to cover?
86 Trillion, according to the Wall Street Journal.
So they are just some right wingers, right? Just some nut jobs at the WSJ.
Folks, almost all reputable sources chart our liabilities between 50-100 TRILLION. If we are racking up debts of 1 Trillion dollars every year, how long before we pay off 50 TRILLION in future debt?
CAN YOU DO MATH?
Default is going to happen. Maybe not for 10 years or so, but don't be an idiot and assume the status quo will continue forever. IT NEVER HAS
The US used to be millions in debt, then it was billions, now it is trillions.
Most people cannot comprehend how much 1 trillion is, let alone 17 trillion.
The derivatives market more than 1 quadrillion.
It's just a matter of time before the financial system implodes. People who say it can never happen are deluding themselves.
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NOBODY officially recognizes yours Israelism , every single day Israels Department of Immigration
is deporting Africans who pretend to be Jews.
Because of few people here have patronized him. . And we use "hebrews" in jest...this nitwit actually thinks people believe him.....LOLOL.
The only thing this imbecile did was give us a nice new subversive way to say the N word :D
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The US used to be millions in debt, then it was billions, now it is trillions.
Most people cannot comprehend how much 1 trillion is, let alone 17 trillion.
The derivatives market more than 1 quadrillion.
It's just a matter of time before the financial system implodes. People who say it can never happen are deluding themselves.
They could just put their military on high alert, then cancel everything and start afresh ;D
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This one will be ugly and blamed on an event but it's been coming because of the QE unlimited and the QEs prior to the Unlimited. This house of cards is ready to come crashing down for real this time. This will make the 2008 one look like a joke. In reality our true debt to GDP is somewhere around 500% It doesn't matter that we are the reserve currency, this is why other countries are buying gold and getting rid of dollars for other strong currencies. This is why billionaires have all recently dumped their stocks. This is why you see FEMA camps and militarized police. Because they know it's coming and they know how "krunk" Americans can get. So whether you like it or not, this is how they have do deal with American badasses. Imagine paying almost $10 for a gallon of milk because the dollar is shit. And that's just the 40% devaluation in the beginning. Once that happens all countries will get rid of their dollars and our dollars will be worthless. Meaning, you're fucked.
And that's my tinfoil hat article of the week.
Misery loves comany
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The people that worked at American International Group, Bear Stearns, Lehman Brothers, Countrywide Financial, Washington Mutual, Wachovia, Northern Rock might disagree with you.
Sacrificial lambs whose assets were scooped up for cheap by the mega-institutions or folded into the mega-institutions.
I see what you're saying, but those weren't Citi, BofA, Chase etc.
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Hey asshole. Let's see you put your money where your mouth is. Pick a timeframe between 1 and 12 months. Pick an amount of money between $50 and $1000.
You deposit the amount you pick with a getbigger we both trust and I'll deposit twice that amount. Winner takes all.
Starting from the first day when the markets are open after we've both put our money in escrow the bet is on: if, at the closing of the stock market during any day in the timeframe, any one the major indices (the DJIA, the NASDAQ or the S&P500) records a drop of 40% from its value at the start of the bet, you win and you immediately get a 200% return. If none of them do, then I win and I get a 50% return.
So how about it?
The same bet applies to Mr.1derful because he too thinks the signs are all around. Come on then, here's your chance to milk the impending crash for all it's worth.
You need money to make money, right? This is Wiggs you're talking to, right?
By the way, you are right. On the money. ;D Good post.
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Hey asshole. Let's see you put your money where your mouth is. Pick a timeframe between 1 and 12 months. Pick an amount of money between $50 and $1000.
You deposit the amount you pick with a getbigger we both trust and I'll deposit twice that amount. Winner takes all.
Starting from the first day when the markets are open after we've both put our money in escrow the bet is on: if, at the closing of the stock market during any day in the timeframe, any one the major indices (the DJIA, the NASDAQ or the S&P500) records a drop of 40% from its value at the start of the bet, you win and you immediately get a 200% return. If none of them do, then I win and I get a 50% return.
So how about it?
The same bet applies to Mr.1derful because he too thinks the signs are all around. Come on then, here's your chance to milk the impending crash for all it's worth.
Wiggs wants to know if you'll accept his latest batch of food stamps as a cash equivalent.
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The US used to be millions in debt, then it was billions, now it is trillions.
Most people cannot comprehend how much 1 trillion is, let alone 17 trillion.
The derivatives market more than 1 quadrillion.
It's just a matter of time before the financial system implodes. People who say it can never happen are deluding themselves.
I don't know why Glass-Stegall or whatever put derivates and CDS into a separate market was not reenacted after the 2008 crash.
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http://money.cnn.com/interactive/news/economy/whats-up-with-the-debt-ceiling/?hpt=hp_t1
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This one will be ugly and blamed on an event but it's been coming because of the QE unlimited and the QEs prior to the Unlimited. This house of cards is ready to come crashing down for real this time. This will make the 2008 one look like a joke. In reality our true debt to GDP is somewhere around 500% It doesn't matter that we are the reserve currency, this is why other countries are buying gold and getting rid of dollars for other strong currencies. This is why billionaires have all recently dumped their stocks. This is why you see FEMA camps and militarized police. Because they know it's coming and they know how "krunk" Americans can get. So whether you like it or not, this is how they have do deal with American badasses. Imagine paying almost $10 for a gallon of milk because the dollar is shit. And that's just the 40% devaluation in the beginning. Once that happens all countries will get rid of their dollars and our dollars will be worthless. Meaning, you're fucked.
And that's my tinfoil hat article of the week.
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I don't know why Glass-Stegall or whatever put derivates and CDS into a separate market was not reenacted after the 2008 crash.
Yes you do.
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Listen to Walter!
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60% of a six figure income is still decent
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If they can't agree what to do about the debt ceiling before October 17, the USA will fall apart. So they will simply raise it.
If not, I think Texas will be first to secede, they should become a successful and dominant nation in such case.
Colorado and the states around New York will probably become one nation.
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Isn't necessarily a bad thing. Physically we will still be next to each other! I doubt there will be that many wars to settle the various power structures when America falls. Might want to keep an eye out for other nations taking advantage of the moment though. Middle East will go to hell, but why should we worry about this?
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If they can't agree what to do about the debt ceiling before October 17, the USA will fall apart. So they will simply raise it.
If not, I think Texas will be first to secede, they should become a successful and dominant nation in such case.
Colorado and the states around New York will probably become one nation.
Yeah, becomes last time a State seceded things went really smoothly... I'm unaware of any legal method by which a State could secede that would not essentially be an insurrection. And an insurrection would be met with force from the government.
Perhaps you know better?
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How come every one else has to go bankrupt, but the USA can just keep raising their debt limit?
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Hey asshole. Let's see you put your money where your mouth is. Pick a timeframe between 1 and 12 months. Pick an amount of money between $50 and $1000.
You deposit the amount you pick with a getbigger we both trust and I'll deposit twice that amount. Winner takes all.
Starting from the first day when the markets are open after we've both put our money in escrow the bet is on: if, at the closing of the stock market during any day in the timeframe, any one the major indices (the DJIA, the NASDAQ or the S&P500) records a drop of 40% from its value at the start of the bet, you win and you immediately get a 200% return. If none of them do, then I win and I get a 50% return.
So how about it?
The same bet applies to Mr.1derful because he too thinks the signs are all around. Come on then, here's your chance to milk the impending crash for all it's worth.
When I win the bet, can I be paid in gold or silver? I don't want useless fiat currency. Thanks in advance.
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damn
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How come every one else has to go bankrupt, but the USA can just keep raising their debt limit?
Has to do with the US petrodollar, there's also a Canadian one, and it's "artificial" demand(give oil/take dollar).
Therefor oil exporting goat countries generated, and still are generating, a huge demand for the dollar - a great coup for America... regarding "unlimited" credit.
Hearsay tells us that the US is bombing, or trying to bomb, anybody who dares to evade "selling oil for dollars".
Take this info with precaution - anybody who really knows the mechanics, please chime in.
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How come every one else has to go bankrupt, but the USA can just keep raising their debt limit?
Back in the olden days, there was something called interest and an "interest rate." And the federal reserve could adjust that rate, and that was called "monetary policy."
Now, as I said, that was the olden days. Today, we have computers and the baby-boomers are in charge. They figured out that all the govt has to do is print money.
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Wiggs = very good at saying things will happen
Wiggs = very bad at being right about said things actually happening
Still says each one with full-on arrogant boastfulness though
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When I win the bet, can I be paid in gold or silver? I don't want useless fiat currency. Thanks in advance.
Sure. You stake one troy ounce of gold, I'll stake two. Winner takes all, same terms. Remember, both your stake and mine will be placed in escrow with someone we both trust prior to the bet.
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Walter, where do you stand on their bet?
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(http://fakeposters.com.s3.amazonaws.com/results/2013/10/08/ec2ufr77rr.jpg)
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:D ;D
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A financial recovery requires money velocity. All that printed Fed toilet paper is being funneled directly into the stock market by the banks. I’m no financial expert but I can read a few graphs. Massive money printing, huge stock market bubble, no money velocity, the Federal Reserve pretty much the only buyer of US treasuries, nervous investors taking delivery of physical gold. It can’t continue for much longer. We are headed for a crash in the not so distant future.
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Walter, where do you stand on their bet?
I don't think any thing will happen quickly. The fed will ease the QE farce when it decides bond buying is not longer helping the economy (which it never did) or the economy has recovered enough. Long term rates will rise based on the warning (which they did last time) and the market will slowly sell off. Debt ceiling deals will be made in increments to avoid default.
Certainly a retracing of the market can occur especially if short term rates rise ,however, investors are in a catch 22 right now because there is no short term interest to be had. I don't look at retracing of a fed propped market as a crash and I see it happening over a longer period as all of this unfolds and the printing presses go down for maintenance :) As I mentioned in my first post either way QE and the fed cannot hold interest rates forever.
The Fed has already created massive economic damage through their QE program (for a part time recovery) for which the economic consequences will be paid if they continue QE or if they stop it. It's a no win at this point and in my opinion the fed will lose control of interest rates one way or another.
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the thing about predicting the apocalypse is you can never really lose. just keep on waving the end times flag and say "it's coming soon! just you wait!" then when tomorrow happens and the world hasn't ended, you can kick the can down the road a little. then any single bad thing that happens is enough to go "AH HAH! SEE??! IT'S COMING!" until it doesn't. then it's back to "soon".
wiggs is one of those people who would have been screeching about peak oil in decades past, telling us all that the world was about to run out of fossil fuels and gas would cost twenty bucks a gallon.
it's kinda funny. for as long as people have been alive, there have been people predicting armageddon. christianity itself is basically an end-times religion (remember the original prophecy was that christ would return during the lifetime of those who had seen him the first time). for some reason, people who are miserable about their lives revel in the notion of it all ending. maybe they resent the success of those around them and get off on the thought of them losing everything. i dunno.
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the thing about predicting the apocalypse is you can never really lose. just keep on waving the end times flag and say "it's coming soon! just you wait!" then when tomorrow happens and the world hasn't ended, you can kick the can down the road a little. then any single bad thing that happens is enough to go "AH HAH! SEE??! IT'S COMING!" until it doesn't. then it's back to "soon".
wiggs is one of those people who would have been screeching about peak oil in decades past, telling us all that the world was about to run out of fossil fuels and gas would cost twenty bucks a gallon.
it's kinda funny. for as long as people have been alive, there have been people predicting armageddon. christianity itself is basically an end-times religion (remember the original prophecy was that christ would return during the lifetime of those who had seen him the first time). for some reason, people who are miserable about their lives revel in the notion of it all ending. maybe they resent the success of those around them and get off on the thought of them losing everything. i dunno.
it's a strategy of survival; we build stuff that gives us hope to cope with the present -harsch- time. It's also a hope for greater justice, equality, revenge etc. If you tell people life is meaningless , absurd and that they re just animals who one day will be erased by some random meteor rain or any kind of cataclysmic event, what would be the point of being alive in the first place? Also if you cant promise them one day they ll dominate in society after Learning skills and stuff for years, what would be the point of being alive?
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the thing about predicting the apocalypse is you can never really lose. just keep on waving the end times flag and say "it's coming soon! just you wait!" then when tomorrow happens and the world hasn't ended, you can kick the can down the road a little. then any single bad thing that happens is enough to go "AH HAH! SEE??! IT'S COMING!" until it doesn't. then it's back to "soon".
wiggs is one of those people who would have been screeching about peak oil in decades past, telling us all that the world was about to run out of fossil fuels and gas would cost twenty bucks a gallon.
it's kinda funny. for as long as people have been alive, there have been people predicting armageddon. christianity itself is basically an end-times religion (remember the original prophecy was that christ would return during the lifetime of those who had seen him the first time). for some reason, people who are miserable about their lives revel in the notion of it all ending. maybe they resent the success of those around them and get off on the thought of them losing everything. i dunno.
Rather than take a "people like so-and-so..." approach, you should focus on the particular argument at hand. No way you can get the whole story, otherwise.
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Any one else reading the genius of Walter?
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It CAN'T continue for much longer. We are headed for a crash in the NOT so distant future.
^
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Any one else reading the genius of Walter?
He seems intelligent, informed and can put 2 and 2 together.
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Walter is the true Wolf Of Wall Street.