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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: damainman who wrote (76226)	12/20/2006 2:04:50 PM
From: NOW	Read Replies (1) \| Respond to of 110194

we are NOT forced to play at all...we play out of ignorance...

To: damainman who wrote (76226)	12/20/2006 3:23:18 PM
From: John Vosilla	Respond to of 110194

'Long Island Guy says "don't hate the playa hate the game" but the playa IS the game and what really sucks is unless we run off and join the Amish, we are all forced to play whether we want to or not.' Bingo. You are forced to play if the purchasing power of your dollar keeps getting clobbered. I don't think LIG, GST or MJ is saying they like the game or the rules.

To: damainman who wrote (76226)	12/20/2006 5:31:32 PM
From: Colin H	Read Replies (1) \| Respond to of 110194

Yeah, in order for someone to make money they have to take it from someone else. We just like to think we get something of value in exchange for parting with our money. That certainly isn't the case today and I'm beginning to wonder if it ever was. The easiest, and the oldest, way of taking money is to clip that bottom 10-15% population. Tell the schmucks we'll hold onto some of their monthly pay for them, for safe keeping for when they get older. Tell 'em we'll give them these fancy stock certificates, in lieu of standard pay rates. But you know what these people really need? A place to live. But tell them it's not just a place to hang your hat, its an investment. Stuff them in there, interest only, which is what they would be paying anyways for the first years on any mortgage. THen when they can no longer afford the rent -- interest, kick them out and hand them their $50,000 thanks-for-playing bill as they head out the door. And all I can wonder is, how will these schmucks get taken next? Cause they always seem to get right back in line. Except this time a number of them will be walking around for the next 30 or so years with that $50,000 reminder of their last shakedown. But I don't think they'll make the connection. If anything they'll just blame themselves for being stupid, after all, nobody made them buy that house. Nope, 8-13% of them will pick themselves up, shake it off, and go right back to doing what they do best: being a schmuck. The other 2% is this decades group that fell off the cliff, and so we no longer count them in our little game, as all the statistics show.