montross515's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/214831/comments http://seekingalpha.com/article/154016-buffett-s-betrayal?source=feed#comment-617629 617629 Winterset, Iowa, which made furniture for his Nebraska Furniture Mart. He closed the plant in a way that almost no one got any job transfer assistance, destroyed over 600 jobs in a town of 5000 people, and moved all the jobs to China. Warren has Chinese made furniture in his own home. What a guy!

Buffet is two things: lucky and an exploiter of others. If this is what capitalism is all about, lets move on. ]]> Thu, 06 Aug 2009 08:25:52 -0400 Winterset, Iowa, which made furniture for his Nebraska Furniture Mart. He closed the plant in a way that almost no one got any job transfer assistance, destroyed over 600 jobs in a town of 5000 people, and moved all the jobs to China. Warren has Chinese made furniture in his own home. What a guy!

Buffet is two things: lucky and an exploiter of others. If this is what capitalism is all about, lets move on. ]]> http://seekingalpha.com/article/152876-the-gold-silver-ratio-from-1300-to-1900-and-now?source=feed#comment-611133 611133

On Aug 01 09:19 AM Value Added wrote:

> Though your historic ratios of gold:silver are interesting, I don't
> believe they are relevant for assessing the current situation when
> taken further back than a couple of decades. A lot has changed since
> the year 1300 - and concerning these two metals, it's a totally different
> world. Primary usage of these metals in 1300 was for coinage/jewelry
> etc., and today the usage for gold is essentially unchanged, except
> for the addition of dentistry to the list. Silver on the other hand
> has found numerous industrial uses and is being depleted. In 1300,
> there was more silver available than gold (hence gold's premium),
> but today there is actually more gold available above-ground than
> silver, just the reverse. So while I agree with you completely that
> the current price ratio is a distortion from what one should expect,
> I think we should be looking at the fundamentals of supply and demand,
> which would indicate that the current ratio is even more extremely
> out of balance than what you are suggesting. Hold onto your hat -
> it's going to be one wild ride.]]> Sat, 01 Aug 2009 22:25:45 -0400

On Aug 01 09:19 AM Value Added wrote:

> Though your historic ratios of gold:silver are interesting, I don't
> believe they are relevant for assessing the current situation when
> taken further back than a couple of decades. A lot has changed since
> the year 1300 - and concerning these two metals, it's a totally different
> world. Primary usage of these metals in 1300 was for coinage/jewelry
> etc., and today the usage for gold is essentially unchanged, except
> for the addition of dentistry to the list. Silver on the other hand
> has found numerous industrial uses and is being depleted. In 1300,
> there was more silver available than gold (hence gold's premium),
> but today there is actually more gold available above-ground than
> silver, just the reverse. So while I agree with you completely that
> the current price ratio is a distortion from what one should expect,
> I think we should be looking at the fundamentals of supply and demand,
> which would indicate that the current ratio is even more extremely
> out of balance than what you are suggesting. Hold onto your hat -
> it's going to be one wild ride.]]> http://seekingalpha.com/article/146824-silver-s-strength-waning?source=feed#comment-574329 574329 Sun, 05 Jul 2009 08:25:42 -0400 http://seekingalpha.com/article/121799-madoff-stanford-sagas-new-twists?source=feed#comment-397296 397296 Fri, 20 Feb 2009 20:23:43 -0500 http://seekingalpha.com/article/118103-u-s-debt-default-dollar-collapse-altogether-likely?source=feed#comment-376291 376291 Wed, 04 Feb 2009 21:37:19 -0500 http://seekingalpha.com/article/117814-how-the-u-s-government-is-footing-the-stimulus-bill?source=feed#comment-372907 372907 Sun, 01 Feb 2009 23:26:36 -0500 http://seekingalpha.com/article/112349-soaring-silver-stalling-gold?source=feed#comment-339961 339961 Sun, 28 Dec 2008 17:29:12 -0500 http://seekingalpha.com/article/111655-the-deflation-scam?source=feed#comment-335160 335160
Who says we need banks? The Tresury Dept has always been able to make loans to individuals--directly. They only limiting factor was always Congress limiting their loaning to less than 1/10 of 1%. The Commerce Dept has always been able to loan to small business, ditto

The banks are a scam. Their current cost of borrowing for a loan to you is less than 1/2%. There overhead is related to how big and fancy a building they want and how much they pay to get a bevy of pretty woman to walk around on carpets.

Any type of financial institution can handle checking accounts and deposits; credit unions, etc.

Banks are a form of legalized crime. They have had hundreds of years to perfect how to steal our money via payoffs to the politicians.

Ask the Gov of Illinois what happened to him when he stated that his state was going to stop doing business with the B of A until they provided loans to Republic Window and Door. Six AM next morning he was taken from his home in handcuffs and confronted with some vague wiretap information about wanting to get something from his apointment to Obama's seat; if every other politician in Washington wouldn't have been saying the same thing, one way or another.

Next day B of A changed their mind, made the loans and the workers got some of their sick, annual and overtime pay. ]]> Sun, 21 Dec 2008 15:53:39 -0500
Who says we need banks? The Tresury Dept has always been able to make loans to individuals--directly. They only limiting factor was always Congress limiting their loaning to less than 1/10 of 1%. The Commerce Dept has always been able to loan to small business, ditto

The banks are a scam. Their current cost of borrowing for a loan to you is less than 1/2%. There overhead is related to how big and fancy a building they want and how much they pay to get a bevy of pretty woman to walk around on carpets.

Any type of financial institution can handle checking accounts and deposits; credit unions, etc.

Banks are a form of legalized crime. They have had hundreds of years to perfect how to steal our money via payoffs to the politicians.

Ask the Gov of Illinois what happened to him when he stated that his state was going to stop doing business with the B of A until they provided loans to Republic Window and Door. Six AM next morning he was taken from his home in handcuffs and confronted with some vague wiretap information about wanting to get something from his apointment to Obama's seat; if every other politician in Washington wouldn't have been saying the same thing, one way or another.

Next day B of A changed their mind, made the loans and the workers got some of their sick, annual and overtime pay. ]]> http://seekingalpha.com/article/111678-real-estate-market-still-frozen?source=feed#comment-335153 335153
There are many ways, but with Bush. He loaned 350 billion, or gave it away to the banks and insurance companies in a way that almost no new loans are being made. The details are complex, but most of this money was required to be immediately reinvested back with the Treasury Dept.

When banks can borrow for less than 1%, and then loan ten times that amount through fractionalized reserve banking, what interest rate do they need to make a big profit: 2% or less. ]]> Sun, 21 Dec 2008 15:32:46 -0500
There are many ways, but with Bush. He loaned 350 billion, or gave it away to the banks and insurance companies in a way that almost no new loans are being made. The details are complex, but most of this money was required to be immediately reinvested back with the Treasury Dept.

When banks can borrow for less than 1%, and then loan ten times that amount through fractionalized reserve banking, what interest rate do they need to make a big profit: 2% or less. ]]> http://seekingalpha.com/article/111655-the-deflation-scam?source=feed#comment-335049 335049 If that isn't enough, double it everyday until you see normal buying in all the stores.

Can't happen? Just watch.]]> Sun, 21 Dec 2008 12:18:37 -0500 If that isn't enough, double it everyday until you see normal buying in all the stores.

Can't happen? Just watch.]]> http://seekingalpha.com/article/111655-the-deflation-scam?source=feed#comment-334795 334795 Sat, 20 Dec 2008 20:49:00 -0500 http://seekingalpha.com/article/106092-the-deflation-debate-continues?source=feed#comment-306606 306606 Sat, 15 Nov 2008 08:09:13 -0500 http://seekingalpha.com/article/100583-adrian-day-causes-and-consequences-of-the-current-crisis?source=feed#comment-293003 293003
Well, good advice, but too late. The Titanic has been struck, the various holds pierced, water flooding in, and it is too late to redo the operational manual for the ship. Take care of yourself. Think silver coins. ]]> Tue, 28 Oct 2008 20:48:31 -0400
Well, good advice, but too late. The Titanic has been struck, the various holds pierced, water flooding in, and it is too late to redo the operational manual for the ship. Take care of yourself. Think silver coins. ]]> http://seekingalpha.com/article/98534-mark-to-market-vs-mark-to-history?source=feed#comment-273904 273904 Sun, 05 Oct 2008 10:26:46 -0400 http://seekingalpha.com/article/92890-sorry-there-is-no-silver-conspiracy?source=feed#comment-240752 240752 Thu, 28 Aug 2008 09:28:57 -0400 http://seekingalpha.com/article/92890-sorry-there-is-no-silver-conspiracy?source=feed#comment-240519 240519
We don't have to answer your three questions, Otto, as they aren't necessarily relevant to the realities involved. ]]> Wed, 27 Aug 2008 20:32:37 -0400
We don't have to answer your three questions, Otto, as they aren't necessarily relevant to the realities involved. ]]> http://seekingalpha.com/article/92250-grading-paulson-and-bernanke?source=feed#comment-237421 237421 Sat, 23 Aug 2008 22:21:04 -0400 http://seekingalpha.com/article/87370-has-the-dollar-bottomed?source=feed#comment-216884 216884
Broke is broke.

If you think the USA is going to walk tall out of a situation where we produce very little of value and consume twice our income, please sell me your gold, or better yet, your silver. Little metal coins can't be important like a big roll of $100s.]]> Mon, 28 Jul 2008 18:18:18 -0400
Broke is broke.

If you think the USA is going to walk tall out of a situation where we produce very little of value and consume twice our income, please sell me your gold, or better yet, your silver. Little metal coins can't be important like a big roll of $100s.]]> http://seekingalpha.com/article/87241-debt-ceiling-upped-to-10-615tn-just-in-case?source=feed#comment-216153 216153 Sun, 27 Jul 2008 23:47:00 -0400 http://seekingalpha.com/article/83351-wall-street-breakfast-must-know-news?source=feed#comment-196984 196984 Wed, 02 Jul 2008 02:22:08 -0400 http://seekingalpha.com/article/82302-will-gold-break-out?source=feed#comment-192284 192284
Dow Chemical raised all prices 20% four weeks ago and another 25% today: that's a 50% overall increase. Like almost everything else that is real, its price for goods has gone up 50%. Looked at more realistically, the US dollar was just devalued 50% against "things real." Revolutions start from massive price increases....]]> Tue, 24 Jun 2008 23:15:49 -0400
Dow Chemical raised all prices 20% four weeks ago and another 25% today: that's a 50% overall increase. Like almost everything else that is real, its price for goods has gone up 50%. Looked at more realistically, the US dollar was just devalued 50% against "things real." Revolutions start from massive price increases....]]> http://seekingalpha.com/article/82302-will-gold-break-out?source=feed#comment-191427 191427 Mon, 23 Jun 2008 21:38:48 -0400