Dr. Jackpot

The Bailouts Are Doomed - All of Them

While congress looked the other way, porn built the internet and the pimps that built the computers got rich.

U.S. Dollar: The Trade of the Decade

Here's another American who probably never did a day's work and is sure he's owed a living because he's American. What other effort does he present?

Wasn't Inflation the Problem?

If a man buys a house and sells it 30 years later at three times his cost, why is it taxed at the same rate as a man who bought stocks and sold ONE year later at three times cost?

The Perversion of American Capitalism

I had a dream. You have maybe 10 years to prepare for starvation or anniliation. I dreamed China would invade the U.S. using latin soldiers to cross our southern border and drive north. They will split and drive east and west slicing the country into 2 sections that cannot transport or communicate. Massive wealth will allow China to finance poor latin soldiers who will fight for bread alone. The trigger will be the ultimate default on our debts to the world. Your only chance is to learn several foreign languages. Gold will not save you but if you can, get 5 acres of fertal land as far out as you can find. Get a 10,000 gallon fuel storage, lots of seed and all the hand tools plus the smallest working tractor you can buy. In Germany my wife survived on 5 acres in war 2. City people died under the bombs and flames. Silly you say? I had a dream.

The Shallowest Generation

This was great!! I always wondered why my daughter (50 years old) likes to stay in $150 per night hotel rooms when she comes to town to visit me instead of sleeping on my couch. I offered to cook delicious meals while she's here but she wants lousy grub and poor service for $200 at a local tourist trap restuarant. The question was answered. She has no sense of value. But she owes $800,000 on her tract house mortgage and never did a days hard labor in her life. Thank you for this explanation.

Wall Street Breakfast: Must-Know News

I can't believe there's an oil crisis until the word 'rationing' is used.
iT IS A WORD YOU NEVER HEAR. It worked fine in world war 2 and it could work even better today. It's all political to keep the spending going no matter what. So why take it seriously?

Expert: Proposed Plan to Bail Out Delinquent Homeowners May Face Too Many Problems to Succeed

NO!---This is wrong. You are treating these deadbeats like children caught with hands in the cookie jar. This will perpetuate irresponsibility BIG TIME.
Over half the foreclosures are from those opting out because they aren't gaining. THEY CAN PAY------but won't because if everybody else is doing it why shouldn't they? It's like free for all sex. You can get away with it now.
Those who elect to opt out should pay 5 years interest over time and collected by the IRS who can track you anywhere. If you want to do this then-------O.K.--walk. But don't expect a free ride while 85% keep paying. But sadly the effort by GOV is really NOT to save homeowners but to use that as the excuse to actually bail out financials. So the freebies will be given-----under the smoke screen of helping home deadbeats.

A 1% Rate Isn't What It Used To Be

Rate cuts are meant to steal savings from older retired. It's the only scource of real cash left. You saved 30 years? You're screwd.

Home Price Reality Check

The upside of lower prices for investment homes is that you will owe less capital gains when you sell and your cash will buy just as much as before. The only loser is governments at all levels. They live off inflated assets and you pay the bill. This is the real reason government is so intent on stopping the slide. It has nothing to do with helping the deadbeat walkaways. They could care less.

Buffett and the Limits to 'Awaiting Better Times'

Why follow Buffet? He has more than he can spend if he lived to be 1,000 and you have no comparison. He can afford hundreds of mistakes. The guy is 77 years old. He doesn't lose a wink of sleep since this is just a hobby for an old man. What he does is not effective for YOU. You are still at the mercy of fate and possible poverty. Ignor the market like it didn't exist and save until you can buy land and sticks and then build your own home. I DID it and it's the best thing I ever did. One thing people are afraid of more than the market?? Physical work and actually doing something. If you work people think something is wrong with you or that you don't know better. Don't get sucked into this. I'm very comfortable in my self built home and will be financially secure (not rich) the rest of my life. Buffet and I have one thing in common. We are 77 years old. I don't envy him a dime.

Bernanke Edges Closer To the 'Real' Root Cause Of the Crisis

'Loss of confidence'---------tr... = tired of being a smuck.

5 Reasons Stocks Will Keep Falling

I'm almost 80 years old now. Stocks have been overpriced my entire life except in 1987. When you own stock you should get a minimum of a 6% secure dividend in a good company with an honest upward potential. This is seldom the case. It's always hype, hype, hype. It makes you sick. I'd rather mow lawns and make my children 'proud'.

California: Canary in the Economic Coal Mine

California Solutions:
California has always been full of gamblers, social deadbeats and low morals.
The governor should force the refund of all realtor and bank commissions on foreclosed homes. They knew they were sucking in the gamblers so why are they getting out of this scott free?
Secondly walkaways share responsibility and should pay 5 years interest (collectable by the IRS) for the privalege of dumping out.
These are not innocent children who 'didn't understand'. It's time to get real here and take your share of the burden-----whoever you are.

Economic Indicators Signal a Major Collapse Ahead

Here's the deal:
Realtors must forfeit fees on foreclosed homes. Also banks.
Walk-aways must pay 5 years interest to bail out. The IRS will collect.
No new credit will be given.
The next day headline reads: "FORECLOSURES ABRUPTLY END!"
Deadbeats forced to pay up.

Propping Up Home Prices Will Not Solve the Crisis

It's not affordability. It's disicipline. No spanking in school, etc. People walk away from loans because it's the trend and seems to work. It's like sex with your neighbor. You do it if everybody else is doing it. We need PENALTIES-----not cuddleing ! Walkaway's should be required to pay 5 years interest collected by the IRS over a lifetime if necessary. Realtors should be required to refund all commissions on a house they sold in foreclosure. And banks the same. You would see foreclosures drop to near zero. Plain old fashioned disicipline has disappeared into some vague notion of motherhood for all.