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The_Hammer

The_Hammer
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  • Buy Gold Miners To Profit From The Gold Bull [View article]
    Franc, the fed and govt have been debasing the currency at a slow unnoticeable pace to the public over the decades, BUT the madmen (Greenscam/Bernank) have taken this to a new level. The public is recognizing the debasement and a dollar devaluation is going to happen swiftly in the not to distant future. Can ya say 25-50% devaluation vs gold??
    Sep 18, 2011. 12:51 PM | 1 Like Like |Link to Comment
  • Investment Implications Of FHFA's Suing UBS [View article]
    Europe is a basketcase and so is the US. I will be watching this all unfold.
    Tom, I pulled out a $20 gold piece. Many years ago this coin was worth $20 dollars. Today, due to the serial money printing of Greenscam and bernank as well as other fed chiefs, this $20 gold piece is worth $2200 dollars. When these crony stooges are finally stopped, not allowed to print anymore, this gold piece will probably be worth alot more. Take a look at a few of the established gold and silver miners. They are minting cashflows and are at attractive valuations. Most people I know own NO gold silver, PM miners, pm funds or etfs.
    Sep 18, 2011. 12:44 PM | Likes Like |Link to Comment
  • Investment Implications Of FHFA's Suing UBS [View article]
    EU has already done stupid things by allowing members to run up massive deficits without constraint just like the idiot economists here and poltiicians that think spending (like drug addicts) our way to prosperity somehow works.
    It is inevitable IMO ( due to the massive amounts of leverage) that another crisis hits and the markets go haywire again.

    Let me ask the question again, It may impact mbi share price/the markets but how does it impact the fundamentals if at all of mbi?
    Sep 16, 2011. 12:56 PM | Likes Like |Link to Comment
  • Investment Implications Of FHFA's Suing UBS [View article]
    I expect house prices to continue downward, most especially in highly inflated markets like the Northeast , NYC metro , DC and the coasts out west, strategic defaults could escalate upwards.

    what risks do you see here?

    I also expect a real serious breakdown of european union. how could this impact mbi?
    Sep 16, 2011. 12:31 PM | Likes Like |Link to Comment
  • Investment Implications Of FHFA's Suing UBS [View article]
    hey tom how will strategic defaults impact the insurers?

    I expect a collapse of european union, how could this impact mbi?

    and regarding homebuyers, Noone forced them to pay these inflated prices. I know a few buyers who did not allow these unethical realtors and mtg brokers to influence them. The one realtor told a potential buyer buy now or be priced out forever and another said prices never go down but stay flat. a mtg broker was pushing someone I know to increase his home equity from 25k to 100k cuz he could afford it. He said NO!

    So stop blaming others for your derelict financial decisions. you overpaid, you should of done the homework. Most people do more homework planning a vacation. Just getting current comps is NOT HOMEWORK. This is supposed to be a free market system and so take responsibility for your decisions. In a few cases mtg apps were fudged or altered and appropriate action should be taken but on the whole many many buyers were using no money down loans speculating and they just did not give a damn what they paid since they had no skin in the game. The same freeloader idiots who live mtg free for a few years are the same idiots that bid up prices to stupid levels for those that are responsible. Time for these idiots to be removed so the houses can be sold at affordable prices to those that saved up money to afford it.
    Sep 16, 2011. 12:20 PM | Likes Like |Link to Comment
  • Bruce Berkowitz In Good Company As An Owner Of MBIA [View article]
    Tom is there any fundamental reason u are long the stock or is it just follow the leader here?
    what are some of the main issues regarding the litigation and remediation risks? thanks
    Sep 15, 2011. 03:44 PM | Likes Like |Link to Comment
  • Dollar: Long-Term And Short-Term Picture Collides [View article]
    Uncle, holding a 1904 $20 dollar gold piece worth today about 2000 is symbolic of the rampant debasing of the dollar.
    If people can't understand this, then they are going down with the ship.
    Sep 13, 2011. 01:06 PM | Likes Like |Link to Comment
  • Real Estate In The U.S. - From Darkness To The Abyss [View article]
    Used car prices are a function of cash for clunkers another govt manipulation program having unintended consequences.
    i could of taken up the govt on 4500 for my perfectly running 14 year old car which is running quite well. Probably get another 6 years easily.
    Sep 13, 2011. 12:28 PM | Likes Like |Link to Comment
  • Real Estate In The U.S. - From Darkness To The Abyss [View article]
    Benny disagree with you. The economy was being pumped up by the FRAUD shadow banking securitized markets when they bundled home loans, car loans, boat loans, credit cards loans, student loans ect and dumped them off on investors while the Crooked rating agencies stamped trippleA.

    Simply the economy was one big ponzi and a large portion of demand was ponzi financed. so demand just evaporated when the fraud securitized market went bust.

    Even the current auto loan market, most the idiots buying cars barely have a few thousand to put down. Without easy financing auto loans and leases, the car market would cease up like it did in 2009.
    Sep 13, 2011. 10:14 AM | Likes Like |Link to Comment
  • Housing: Now Is The Time To Buy, Despite Downward Trends [View article]
    multi-family is kind of old news already the money was piling into these 1-2 years ago. I am sure at this point there are No real values now.

    As for 50% of health beenfits, a number of the larger corp require their employees to share the burden. It could be less or more than 50%.

    As for the NAR, they have 0 credibility imo.
    Sep 9, 2011. 12:07 PM | Likes Like |Link to Comment
  • Real Estate In The U.S. - From Darkness To The Abyss [View article]
    REOs are not being gobbled up becasue the crooked banks are pretending and extending waiting for the govt to send them more bailouts. Many banks are sitting on dead properties asking stupid prices or not even foreclosing.

    This Freaken country is so F%$# corrupted since the Union schlubs continually put in their buddies to vote them extravagant bennies and job security. The sucker public does not vote and pay the price for such dereliction of duty.
    Sep 8, 2011. 02:16 PM | 7 Likes Like |Link to Comment
  • Housing: Now Is The Time To Buy, Despite Downward Trends [View article]
    The crooked corrupt govt needs to get the hell out of the housing market. Housing has been one big money loser for the country the last few decades as enormous losses from fannie freddie the FHA and toxic bankster mtgs fall onto the taxpayers and US balance sheet.

    Housing is overrated as an economic driver.

    The NAR has been calling a bottom to house since the market peak. stop trying to call a bottom. Take a look what has happened to the avg worker over the last few decades.

    1. Real wages have been flat for a long time.
    2. Workers now are more responsible for saving for their retirement 401Ks than ever before. this is added savings needed reducing further dispoable income. Fixed pensions are thing of past.
    3. Most workers except govt union schlubs have to pay a fairly large portion of their healthcare benefits. usually 50%. This has reduced disposable income even further.
    4. Property taxes in many areas were going up 4-5-8% a year
    5. Cost of living continues to accelerate upwards eating more into disposable incomes.

    when factoring in all these recent new drains on the consumer one needs to realize that they can afford less and less and less due to all these pressing retirement and health requirements.

    Houses have only one way (especially the high priced coastal markets that are in for a big bruising) and it is down from here until house prices factor in all these added expenses to disposable income
    Sep 8, 2011. 02:11 PM | 1 Like Like |Link to Comment
  • Buy Gold Miners To Profit From The Gold Bull [View article]
    Europe is going down followed by the USA---defaulting in some form. This should happen within the next 2 years imo.
    Gold will absolutely explode upwards. I do notice a few more people recognizing gold.
    I do see the gold to oil ratio is not out of whack as it relates to brent.
    Decades away I doubt it. 2-3 years away probably when gold more than fully reflects all the derelict money printing and abusive currency policies by CBers imo.
    Sep 8, 2011. 10:35 AM | 1 Like Like |Link to Comment
  • Safe Havens In A Storm [View article]
    Nice work cam. Gold is becoming the go to safe haven, cashlike-gold holding instead of cash--dollahs.

    Cam how about a chart comparing gold price with brent oil ratio. Gold may be getting ahead of itself shortly.

    Also the large cap gold miners will start to rock and roll as the masses finally accept that gold can maintain at these higher levels. Institutions severely underown these stocks.
    Sep 6, 2011. 09:45 AM | 1 Like Like |Link to Comment
  • A Gallup poll finds 34% of Americans say gold is the best long-term investment, with real estate (19%) and stocks (17%) the next choices. It's a bit of fuel for contrarian-minded gold bears/stock bulls. Even more - in similar polls taken from 2002 to 2010 - gold was not even one of the choices to select from!  [View news story]
    Unfortunately for many many many Americans they do NOT own any gold, silver, PM etf/funds, or even miners.

    I have done a number of unscientific test samples and it is all talk.
    Just wait til the real mania hits gold and silver. Every dolt will be lined up outside trying to buy like they were condos at the bubble peak. Never forget the condo lines BUT the only ones who were fools were responsible tax payers who absorbed these spec condo fool losses.

    Are dollar bills or dollar based bonds savings accounts a store of value??
    Aug 30, 2011. 05:23 PM | Likes Like |Link to Comment
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