Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (278566)	9/25/2010 12:25:23 AM
From: Jim McMannis	Respond to of 306849

The "we're gonna be rich because our house is worth a fortune" smokescreen worked like a charm.

To: koan who wrote (278566)	9/25/2010 2:24:48 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>Here is what happened IMO. When Clinton left office we were on our way to being debt free by 2012. Debt was declining fast.<< you don't understand our monetary system. i suggest you watch this excellent telling of the history of money in the united states... youtube.com it is impossible to pay off debts because there would be no money left to buy or sell or pay taxes. clinton started blowing the credit bubble in earnest and he's the guy who partied with the financiers and made it illegal for states to regulate them. bush was worse, but clinton provided a strong foundation. >>Bush cut taxes for the rich by trillions, then started two wars (more trillions) and the let Wall street cheat us out of trillions.<< and tossed in medicare part D, too. debt, debt, debt - "deficits don't matter" cheney. they are such criminals - playing their role in the destruction of america. >>And all of this unregulated theft by the very rich and creating an impending depression knocked us out. It left us trillions of dollars in gambling losses worlwide even as we frauded the world with our sub prime CDO's stamped triple AAA by Moody's and Standard and Poors.<< yup - but nobody wants to pursue those who have bribed them. >>I believe had Obama hired Volker, Krugman and stiglitz and let them go, we would have at least had a chance to get out of the mess bush put us into, but now things are probably just too screwed up.<< every president since wilson did their "portions" to get us where we are today - and payback is a b*. >>And becasue the billionairs can now buy politicians by the dozen we are really going to be screwed as mindless puppets working for corporate American send us back into feudal times.<< ding, ding, ding - we have a winner!

To: koan who wrote (278566)	9/25/2010 7:43:47 AM
From: DebtBomb	Respond to of 306849

Exactly. I remember in the fall of 2007....I was saying....I was really worried....the fed is going to destroy the dollar and us with this bailing out of wall streeters with interest rate cuts. Tommaso said....just buy gold. Boy, was he ever right. I feel the same way now and worse. I think we have reached the point of total insolvency....weimar or zimbabwe. Everything changed now. Wall street hi-jacked the gov't and D.C.. It's the fed and bankster buddies now running everything. Fascism. Every bearish chart pattern has been reversed since fascism. Every dip under Dow 10k has been reversed. The fed has a boatload of toxic paper crap all over it's books it wants to unload, but can't. Expect more of the same. Up is down, collapse is recovery. They want the dollar collapsed. There is no way out. Celente had said in late 07, the dollar was going to drop 90% and it was on it's way. China then re-pegged to the dollar July 2008 at oil $147 and stopped it, IMO. Now....everything is back again....and worse. Will devaluing the dollar 50% fix anything? I don't think so. Then we would only need maybe $100 trillion then to fix things. How about the game is on again. Devalue 90%? Forecast: U.S. dollar could plunge 90 pct RHINEBECK, N.Y., Nov. 19 (UPI) -- A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said. "We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008." "The bigger they are, the harder they'll fall," he said in an interview with New York's Hudson Valley Business Journal. Celente -- who forecast the subprime mortgage financial crisis and the dollar's decline a year ago and gold's current rise in May -- told the newspaper the subprime mortgage meltdown was just the first "small, high-risk segment of the market" to collapse. Derivative dealers, hedge funds, buyout firms and other market players will also unravel, he said. Massive corporate losses, such as those recently posted by Citigroup Inc. and General Motors Corp., will also be fairly common "for some time to come," he said. He said he would not "be surprised if giants tumble to their deaths," Celente said. The Panic of 2008 will lead to a lower U.S. standard of living, he said. A result will be a drop in holiday spending a year from now, followed by a permanent end of the "retail holiday frenzy" that has driven the U.S. economy since the 1940s, he said. upi.com