Did U Think The Ponzi Scheme Would Last?

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158 Comments

    • Sun Sep 14th 17:11 PM | Rating: 0 0
      Commented on:
      Case/Shiller Index: Are We Close to a Bottom?
      I laugh when I read RE nearing a bottom. Back in 1929 there was some ass right there saying "the bottom is in" each time the plummeting paused. Weeks later the plummeting picked up and even got worse. This is not over until everyone rues the day they ever bought a house on credit.

      Go look at the problem areas: CA, FL, NV, etc. The home prices are still 2x or more what they were 10 years ago. There is no sign of bottoming yet. This is the biggest credit bubble in the history of man and now it has burst. Only a sheeple thinks this can be over in 12-18 months. It will take several YEARS. As in 3+ years. The ARM resets continue through 2011 people. In fact, we have not even seen the peak of them yet.

      Learn to recognize a Ponzi sceme and you will stop losing money in the stock and asset markets.
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    • Sun Sep 14th 16:07 PM | Rating: 0 0
      Commented on:
      Fannie Mae: 'Business As Usual'
      Dlaw,
      Socialism is good until it isn't. But after it hits that point there is no turning back. The gov't owns you as if you were their livestock.

      It saddens me to think of all the real men who got turned into hamberger in all the wars that made this great nation independent and free. It saddens me because people like you get to benefit from it while happily pissing it away for future generations so you can get yours in the here in and now.
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    • Sun Sep 14th 07:07 AM | Rating: 0 0
      Commented on:
      S&P 500 Financials - Best and Worst of the Week
      The above list of winners and losers for the week is useful if you keep in mind that they have all been big losers so far and they will all lose more before this is over.

      So, when the big losers of the week hit their support, cover them and then short the big winners of the last week when they start to falter. Example: is MBI really any better today than when it hit $4? Of course, not, it's actually closer to death. So why did it skyrocket to 16 and then come back down to $12? Is is "recovering"... Of course not, its just short covering that has run its course. Everyone and their dog was short that crap and now it is time to short it again since the herd of locusts has moved on. When the herd comes back, cover the short.

      Well, maybe you don't have to this time b/c MBI is likely going to BK.
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    • Sun Sep 14th 05:43 AM | Rating: 0 0
      Commented on:
      Diversification Is Your Only Friend
      Now hear this: the entire stock market is a Ponzi scheme. What you make on average in returns is taken out the back door by inflation and taxes. It is a sucker's game at best. If you had just bought gold when it was legalized in the 1970s you would have done as well or better than any asset class without the risk of companies going BK because gold can never BK.

      Stock markets do not create wealth they just move it from person to person. The only reasons that funds and institutions ever did any better than average people is that they consistently traded on insider information. But this gets harder and harder in the Internet age and so funds are in big trouble. Also, a big block of boomers will soon stop panic saving into their 401s and instead start pulling funds out. Since the whole thing is a Ponzi scheme which requires a greater fool to come along and buy the stock from you so that you can profit, soon there will be no profit to be had because the buyers will dry up with the retiring boomers.

      The only diversification possible in this market is from shit sandwich to douchebag. The stock market is win-lose. For every winner someone has to lose. Of course, the banks always win as they make money on trading fees and collect interest on margin loans.

      Here's the best diversification strategy of all: diversify away from being "long" any stock into "owning" short positions and puts. This is the only clear winner for AT LEAST 2 years if not for the next 5-7 years.
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    • Sun Sep 14th 04:03 AM | Rating: 0 0
      Commented on:
      Powerful Strengths, Pathetic Weaknesses, and What Donald Coxe Recommends
      Otbroki you are close. Yes, clearly deflation right now. VERY close parallel to 1929. They even had a Florida property boom/bust! Their crash was preceeded by the roaring 20s which was credit inflation driven. The difference between then and now is simply the huge difference in scale. Not being constrained by the gold standard, the money printing and credit generation are off the scale of anything previously seen. Also, back then the US was the world's largest creditor. Now we are the largest debtor. It is FAR worse today than it was back then.

      We are headed for a worldwide depression. Credit is being recinded and collapsed at an alarming rate. This is no "crunch" folks, it's a credit train wreck. Cash is king and that means you don't float loans, and CERTAINLY not at a paltry 6%!!! Real interest rates will have to be 12+% before it becomes worth the risk to lend money because there will be lots more defaulting as the deflationary crash wears on.

      Ben Bernanke was specifically chosen as fed chief because he studied the great depression. He agreed with Milt Friedman that the fed back then blew it and that's why it all crashed. Of course he was not going to say "ummm, they simply lent out too much money to deadbeats". No, Ben knows the score. In short, there is no fixing it. Ben just needs to put on a Herculean dog and pony show so that nobody blames the real culprits for all this: Fiat money, the federal reserve, and the fractional (fictional) reserve banking system. Ben is on record saying he will throw money from helicopters if need be. Well, the need will soon be and he will NOT do this. The reason? He knows that too much monetary inflation will cause the world to run away from the dollar. They will stop using it as the world's reserve currency and the US federal reserve will thus lose the right to export our inflation to the world going forward. That will be a BIG hit to US prosperity because we have been printing money from thin air to pay the bills for a long time and any holder of USD would take the hit for that while we got all the benefit.

      Everyone will say they did not see this coming but indeed they did. In fact, I think there is significant evidence which could show that Greenspan did it on purpose for his illuminati masters who want a one world gov't and thus need to wipe out the middle class so that we are all begging the gov't for help. Of course, the gov't will require us to give up more of our constitutional rights in order to comply with our requests and people will actually do it. They will accept the new serfdom.

      It's amazing how we are being gamed here yet we will vote for an inexperienced democrate or a war monger republican simply because Ron Paul doesn't look presidential enough and is not charismatic enough. I also believe that many people are looking for the free hand out that will not be there with a Ron Paul gov't. The US is going to get the gov't that it deserves with obama or mccain.
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    • Fri Sep 12th 23:19 PM | Rating: 0 0
      Commented on:
      Wells Fargo is a Winner - Cramer's Stop Trading! (9/11/08)
      Loks at WFC chart. Anytime you see that rocket mania exponential run up on the left you can be sure that a huge run down is going to happen on the right. As mentioned above, cramer is leading the sheeple to the slaughter. The man should be banned from the airwaves yet he is allowed to go on and on.
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    • Fri Sep 12th 23:16 PM | Rating: 0 0
      Commented on:
      The Next Bubble
      So, the hedge funds, like locusts are banding together like wolf packs and taking the poor financials down. Hmmm. Could it be that those financials never had any real value in the first place?

      Go look at the chart of these banks. The exponential rise in each of them looks like they are biotech startups, not mature, stodgy financial institutions. How did all that happen? Hyper leverage on credit. So now that they are unwinding all of that, it's a hedge fund attack.

      Get real. This is the insti long bailing on companies that never should have bubbled up in the first place.
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    • Fri Sep 12th 15:22 PM | Rating: 0 0
      Commented on:
      Attention Locusts: The Party Is Moving to Merrill and AIG
      Oh shut up. When stocks rising nobody talks about conspiracies. Its only when prices are falling that something must be wrong. Well there is something wrong - financials went crazy with leverage in their unmitigated greed and many of them are insolvent. The piles of level 3 assets need no rumor mongering. The fact that they exist speaks for themselves.

      Did you really think the Ponzi scheme would last forever?
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    • Thu Sep 11th 00:55 AM | Rating: 0 0
      Commented on:
      Is it the S&P 500, the S&P 498, or the S&P 381?
      Very interesting point. The indices are selectively enforcing their own arbitrary rules. I think the entire finanical sector of the US is one big Ponzi scheme which struts around putting on aires. Its only real claim to fame is that it has a better PR organization than other pump and dump schemes.
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    • Tue Sep 9th 23:38 PM | Rating: 0 0
      Commented on:
      The Government's Moral Hazard with Fannie and Freddie
      151885 wrote:"I am afraid that what has been created by the best educated minds in the world, attending some of the finest halls of education lead by the wisest professors will be discovered to exist worldwide."
      "If my government and business leaders, as yours, has lost our money because of their incompetence, how are we old folks going to survive, do you think?"

      My dear canadian friend, I don't know where to start with you. You are so confused. I say that because you make true statements without understanding them. Yes these guys are smart and well educated. In fact they are so smart that they did not make any mistake!! They are rich by stealing from you, and you are poor because you believed them. It all went exactly as planned.

      "They lost our money because of incompetence..."
      I could just cry when I hear things like this. First of all, they didn't lose it, they stole it. They flim flammed you into believing in a ponzi scheme fiat currency system. The only incompetence was on your part. While the scam seemed to be working you were glad to accept the socialistic benefits - you got something for nothing and you knew other people were too. You never stopped to care that there is no free lunch and thus something must be wrong. You didn't care that there is no fountain of wealth coming from gov't even though they made it SEEM to be like that with the magic trick they call inflation. You just followed blindly and now they have you bent over a log and are ramming away. AND YOU STILL don't seem to understand that the educated elitists are laughing their little illuminati asses off at people like you. They do not care that you will be poor in retirement any more than you care that people starve in Africa each year.

      What are you to do? You are to do the one and only thing that they are afraid of. You are to band together and harness the power of the people. You are to educate yourself on this scam and then teach all of your friends and their friends and all of the children. You are to NEVER believe a single word coming from the pie holes of gov't and corporate thieves again. You are to make your voice heard and throw the bums out. You are to AVOID the temptation of letting them print more funny money in order to appease you. You are to return your country to hard currency based on commodities like gold and silver. You are to disband any parts of your military that have conspired with America's Northcom to create an international "peace keeping" force which can be used to cross the US-Canada border to put down civil unrest. You are to find the Canadian counterparts to the USAs CFR and publicly expose their plan for the north american union and to reject it in whole EVEN THOUGH the liars will soon be telling you that it's for your own good.

      You are to remember what it used to mean to be a Canadian patriot just like all Americans who now also need to understand the word because they could not or would not see this coming even when told to their faces years ago.

      You are not to dispair. You are to take courage that you are helping to save the next generation. You are not to complain about diminished quality of life as you perform all of the above because you were the one that got yourself into the mess.

      Sorry if this is hard to hear, neighbor, but tough love is what the sheeple, even the retiring ones, of the USA and Canada need to hear. It's still not too late to stop these elitists from completing their nefarious plans.

      Either that or just go back and watch the tube as you wither and fade.

      Good luck.
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    • Tue Sep 9th 22:22 PM | Rating: 0 0
      Commented on:
      Currency Market Predicts Bailout Is the End of the Credit and Housing Crunch
      I don't even have to read the contents of your post to know we are not near the end of anything. All I have to do is listen to Greenspan's 3 part interview with Maria Bartiromo today. He points out that he is surprised the economy is holding up so well and he is waiting for housing to bottom and until it does there will be no stopping the deflationary crash.

      After that we can look for serious inflation the likes of which nobody has seen in their adult lifetimes.
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    • Sun Sep 7th 02:33 AM | Rating: 0 0
      Commented on:
      REITs Repositioning For Growth [Housing Tracker]
      Perhaps I'm reading too much into the title but I sensed sarcasm. Perhaps even this would have been clearer had she put "Growth" quotes. I know I'm stretching here but benefit of doubt is sometimes useful.

      Dear Judy,
      You look like a nice girl. Unfortunately, political correctness is a disease that has consumed American media. Nobody says "it sucks" anymore, they say that it is "challenged" and other mealy mouthed euphemisms. It's time for a change and our media reporters (may I call you that?) need to help lead the charge if they want to be taken seriously. Forget about getting a job at the LA Times or the NY Times or any of the other majors because they are controlled by scumbag illuminati who are bent on obfuscating the truth.

      It's time for Americans to hear strong opinions and analysis. If all we are going to get is a "go between" then I would rather have Sigourney Weaver's character from Galaxy Quest do the job.
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    • Sun Sep 7th 02:11 AM | Rating: 0 0
      Commented on:
      RBC Analysts Expect Potash Corp. Stock to Double
      OK, now we are going to see who knows anything about how markets work. POT is going back below 100 - well below. Forget all this crazy "doubling" hype. Once a mania chart has broken down like POT the best you can hope for is a sideways consolidation before it completely collapses.

      The whole market is going to crash. Dow well below 1000 (think 7500). The bust and subsequent nationalization of Fannie and Freddie will require the gov't to be more careful about what loans it accepts going forward. This will tank the housing market even more because let's face it, a 200k house used to be considered expensive and now it is just considered to be average. Before this is over, a 200k house will be considered expensive again because it's hard to pay sky high prices if you don't have a job and you don't think housing is a good speculative investment.

      Laugh now, cry later.
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    • Sun Sep 7th 02:05 AM | Rating: 0 0
      Commented on:
      Fed Should Cut Rates - Cramer's Mad Money (9/5/08)
      Brit, Cramer is, as you say, deliberately suckering sheeple into his nasty bank stocks so that his wall st pals can escape. We are nowhere near the bottom. Cramer makes it sound like the fed can clean up the mortgage mess with a snap of its fingers and then it's all off to the races again. Too bad the nationalization of fnm and fre will cost money that the us doesn't have and will have to print from thin air. Thus, nationalization is inflationary. That means more rising prices on everything which means less money available for buying a house. Soon the interest rates will be skyrocketing no matter what the fed does because the USD itself will get called into question and before anyone sinks their cash into a bond it will have to return more than the rate of inflation.

      You simply cannot fix one leveraged indebtedness problem by creating another.
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    • Fri Sep 5th 00:31 AM | Rating: 0 0
      Commented on:
      The Problem with Hedge Funds
      All you are saying is that the whole market is one big Ponzi scheme. It does not create value. It only moves the value around from the dumb money to the smart money. But now most of the money has wised up and there are a lot less sheeple to sheer.

      Soon people will figure out that the real smart money is not in the market at all, but rather in something which is inflation protected like gold.
      View article »
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