thatguy57z's Comments

Seven Uncomfortable Predictions for the Economy

Mon, 30 Mar 2009 22:47:34 -0400

what I have been saying for month and you can check my comments, you need to pull your money from where ever you have it start paying cash for what ever you buy because buy useing debit cards and checks they know where you've been and going.

Next thing you need to do is buy yourself a gun and a lot of ammo well you can still buy it, because there going to be coming.

On Mar 30 01:13 PM henarl wrote:

> Bagman: Unfortunately moving to Canada, Costa Rica, etc. will not
> help in escaping the current malaise. Corruption and avarice is not
> just endemic to individual countries but rather endemic to the human
> race. Your passport is not a ticket to utopia.

AIG: Why Pay Retention Bonuses to People Who Shouldn't Be Retained?

Thu, 19 Mar 2009 01:35:51 -0400

What we have here is rape of the taxpayer in broad day light and with the help of the government, what needs to be done is everything be taken from the ones that got the bones and let them show that they earned it.
Because from my mind is they where going down,so at that point nothing on paper matter its no good ass wipe paper, then the taxpayer steps up your on are terms weather it was on paper or not you answer to the taxpayers first.

Now the government need seize everything they got the money and in a court of law at there own expense and let twelve people decide if they earned it

When Unemployment Peaks, The Bottom Should Follow

Sun, 08 Mar 2009 01:21:34 -0500

Yes this is going to be worse then 1929 and is going to last a lot longer.
There's going to be longer soup lines if there any soup or bread, open your eye's its going to be way worse. If you got any money in the bank better pull it and start paying cash for everything you need,or you lose it because the Fed's say it's backed, you cant back something if you got nothing to back it with.

On Mar 06 12:27 PM morph366 wrote:

> A sentence like the following - "We're probably beyond the halfway
> point in this process, although there's still too much uncertainty
> to say for sure." - promises some kind of insight into where we are
> at and then takes it away with the qualification.
> Normally in recession unemployment is a lagging indicator - the bottom
> will be in place long before unemployment peaks. But this may not
> be a normal recession

Can You Hear the Bell Signaling a Bottom?

Tue, 03 Mar 2009 21:55:10 -0500

Well the way I see the market is give it a few more week or so and it will be at six even, and down from there.

Take your money and run and buy a gun.

Housing Inventory: Blinking Bottom Indicator

Fri, 27 Feb 2009 22:32:20 -0500

Well there's only one problem is that most bank's and mortgage companies had stop foreclosure until the government came up with some help, well it's not there, that's some think the bottom is here. Well think again its going to hit so hard in a few days because the foreclosure is going to go trough the roof. Now your going to see the commercial bubble burst because loans are coming due, and if you look around and see all the new building empty, who's going to pay for all that empty space, you and me, because there going to have to bailout the banks aging. Where headed for the worst collapse then the 30's and its just around the Conner, If your going to survive you better start paying cash for everything don't put anything in the banks because when the door is closed they got your money and the government is out for themselves

On Feb 26 08:13 AM The Mad Hedge Fund Trader wrote:

> Here is a novel plan put forth by a hedge fund in Florida, Derivatives
> Bridge, LLC. Securities backing performing mortgages worth 100% are
> being sold for 20% because there is no market for these securities.
> Have the government buy these securities for 60%, rescuing the banks,
> and then sell them back to the original homeowner. The homeowner
> then is able to refinance his home, see his mortgage principal drop
> by 40%, restoring his net worth, and purchasing power. The cost to
> the taxpayer is zero. This is already possible in some countries
> like Denmark. If someone offered me a deal like this I’d take it
> in a heartbeat, even if I had to clean out the sofa cushions and
> raid my kids’ piggy banks. They say necessity is the mother of invention.

GM and Chrysler: Why's Bankruptcy So Expensive?

Mon, 23 Feb 2009 01:00:32 -0500

let the BIG THREE face the law of the land in the long run it will make them better companies. In the BIG BOOK it says that money is the route of all evil and now look at what it has caused all man kind, people are losing there homes little ones have no roof or food to eat, and lose of jobs and old folks have no more retirement left that they worked so hard to make, the government sends money to countries that could give a dam about us, the banks dont give a dam about us, CEO dont give a dam if you lose your home because there going to turn around and sell it for way less then you paid for it, BECAUSE THEY GOT THERE BAILOUT FROM YOU AND ME THE TAXS PAYERS. AND NOW THERE GOING TO TAKE YOUR HOME AND YOUR CAR AND ANYTHING THEY CAN GET FROM YOU.

WHEN IS AMERICA GOING TO WAKE UP AND SMELL THE SHIT.

Did the Fed Miss the Housing Decline?

Sun, 15 Feb 2009 23:58:50 -0500

Your right they all need to answer to the American people, the stock market works like are government dose like blowing smoke up are A**'S, its time to turn the tables and start being the public and not the government servant's.

On Feb 12 06:06 AM nobodyintexas wrote:

> My hat is off to Ira I think he is to the point too many of our government
> and non governmental groups are just not working or at least seem
> to make things say what they want. Time to answer to the American
> people, not King Bush

Five Criteria for Timing the Market Bottom

Sun, 15 Feb 2009 23:42:46 -0500

OK the depression was bad for all coming people. Now the 70's and the 80's where there any home foreclosure like it has been know, as far as I can remember there was no news of anyone losing there homes like to day.
So you know where headed down hill real fast to the wrist depression that man kind has ever seen, and there nothing the government can do to stop it other then keep blowing smoke up are a**.
Look at the stock market cant stables, the more the government prints more money the less the dollar is worth, its like the more you make of one thing the price drops,it kinda like coming sense, or open your eyes or smile the roses.

Fannie, Freddie and Multi-Family REITs Part II

Sun, 15 Feb 2009 23:00:42 -0500

Pull your money out of the banks and the market before you lose it, because it coming..check out the website see how its figured out.

Profit from the Housing Mess with ETFs

Sun, 15 Feb 2009 12:22:09 -0500

By the way check the website out

Profit from the Housing Mess with ETFs

Sun, 15 Feb 2009 12:20:55 -0500

There is no light at the end of this tunnel, for along time the wrist is yet to come where headed for the big D,fare bigger then the 30's, no one has any money to spend so hang on to what and you also should take it out of your bank and put it some where you know its safe from the government.

How to Fix eBay

Thu, 12 Feb 2009 00:12:17 -0500

You know eBay dose not back there sellers or listing to the feed back to what there sellers have to say. Buyers can leave negative feed back on a seller, but a seller cant leave negative on a buyer, and there charging there sellers to much in fee's

Fed Needs to Stop Approving (Goofy) Bank Holding Companies

Mon, 09 Feb 2009 21:41:13 -0500

GMAC MORTGAGE CO, should have never been allowed to become a bank holding company, because they never meet the fed regulation requirement's. they should have been allowed to file bankrupt's along with GM,because it would have not cost the taxes payers any money. so that way they could have learned something in life, you make bad dealing's so you learn from your mistakes and move on. We don't owe them a dam thing. And I'm sure there are some of you that think you do, I myself know that I don't..

$5k Vouchers for Car Purchases: Utter Nonsense

Thu, 05 Feb 2009 22:54:50 -0500

why doesn't the government and the big 3 just give each one of us $ 10.000 in cash vouchers, that sure would kick start the economy.

Is Foreclosure the Solution?

Thu, 05 Feb 2009 01:49:41 -0500

I agree 100% there these people, like the renter thinks it a joke about some one lousing there home, a home is more of a responsibility then paying rent in a parking garage space, that's not being dispensable. not to put you down. you may lose your job hope you don't, hope you don't get sick. time will come and it looks like it coming fast, if your renting you can always move in with your parents. because you have not taken the responsibility to become a home owner. thank you

On Feb 04 08:29 AM John Preston wrote:

> First, in some future academic study, by some lame, but famous economist,
> income to have eroded substantially or, been wiped out....
>
> they will study the impact of jobs/income on foreclosure...and the
> realtionship to foreclosure on jobs......
>
> Robert Shiller has studied the wealth effect of housing on the economy....10%
> housing wealth effect equates to +/-1% in consumption....maybe he
> will add the housing weath to job chapter next...
>
> Housing is down....jobs are down...income is down....spending is
> down....the next job lost may be yours......
>

How to Fix America's Housing

Tue, 03 Feb 2009 22:14:54 -0500

you know the banks got a bailout, and you have people who have lived in there homes for years and have either lost there jobs or taking a cut in pay because banker that are running them in to the ground and caused the meltdown and got there bailout from the taxes payers and will not work with the home owners to help them at these hard times that everyone is going trough, and the government has no plans to help the taxes payers or any home owner. If they where so concerned about home owners the something would have been done sooner, there is nothing but talk, and more people will be losing there homes and add to the homeless to the streets. It sure is a dame shame that one give a flying f--k, you all should be a shamed of yourself and myself. I use to think it would not happen to me,but it has and I'm losing my home because of construction 50% lose in income. GMAC got there fails bailout tried getting them to work something out and they would do nothing after ten years of paying for may home. I'm a single male 51yrs old and have four grand kids 3yrs to 12yrs old that was trying to keep a roof over there heads, well it doesnt look like that's going to happen because April 23 my house go's up foreclosure sale. I hope it doesn't happen to you all, god be with you all.

The Hopefully Not So Great Next Depression

Mon, 02 Feb 2009 03:19:18 -0500

Well all and all sounds good, but every one is off track, 1 the first bailout didn't work they just stolid are money to help there friends the bankers look good at home but on the streets they suck. 2 GMAC filed to become bank holding they did not meet federal reserve policies, the where short from the 30 billion even there share holders would not put up more so the feds gave them six billion and made them a bank so they could tap in to bailout funds. then lets bailout the big three and they still have there jets and they still need more money. Now we have someone on watch that knows nothing, lets trough more money at the fire, yes we need x amount of money to help smokers and x amount for ATV . now china not going to back us anymore, soon there going to want us to pay them back and where we going to get the money. Then it going to get really bad because the government has soiled us out and the there going to declare Marshal law in order for the take over for these countries to take over and you have no rights and its going to happen. And buy the way the stock market this coming week going to drop another 100 or more good luck

How Wall Street Keeps Dooming Itself

Sat, 31 Jan 2009 17:24:18 -0500

Well leave it to are president to tell them shame on yourself to know that the public would here about the big bonuses that they got from taxes payer bailout, like they could have been a little more on the under, like Obama its OK for the bonuses just keep it under the table, its are government that lets this go on.

A Sign That Housing Is Approaching Bottom

Thu, 29 Jan 2009 23:27:41 -0500

where not even a 1/4 of the way, most houses be bought are investors, no one in there right mind would buy a house right now because people are lousing they jobs left an right, the stock market fell to day 226 to bring it to 8.149.01 friday 30th well drop another 100 something.
By Feb meed month it will be in 7.850.0 so there you go. good luck

Oil Price Lower on Inventory Numbers, But It Can't Go Much Lower

Mon, 26 Jan 2009 11:15:11 -0500

and to add to my comment, now that prices are going up agine the tankers are seting out there waiting for prices going up.

On Jan 16 12:28 PM thatguy57 wrote:

> the speculators are the ones that oil was at its highs, in the 70's
> they said that it was going to coast more to change to unleaded when
> all they had to do was stop putting in the lead, I believe in the
> 80's in the gas crunch there where oil tankers set out in the causing
> well the oil company's where saying there was a lack of oil, witch
> was a bunch of BS. they just wanted more money.

No Apology for the Banking Crisis

Mon, 26 Jan 2009 11:08:29 -0500

I agree with that also, and they have there assets striped and left with nothing but the clothes, they all have done nothing but steal from the coming person, and are government is any better. WE THE POPOLIE VS THE UNITED STATES. IT TIME TO FIGHT BACK AS ARE FOUR FATHERS WOULD HAVE DONE.

On Jan 26 08:40 AM prairiedog555 wrote:

> As this author has pointed out, bankers cheat and are corrupt and
> create situations where they get rich and their customers are swindled.
>
> I am a free market person but history shows that bankers cannot be
> trusted and must be regulated, or as they do in China when caught
> stealing they have a date with the hangman.

How We Solved the Gas Price Problem

Thu, 22 Jan 2009 12:57:57 -0500

your frist comment explane your comment..there is no Global Warming, no Global Warming.

On Jan 22 12:33 PM Mark Goldes wrote:

> The Auto Industry can Kick-Start Economic Recovery!
>
> “Why sometimes, I’ve believed in six impossible things before breakfast.”
> Lewis Carroll
>
> Rapid rebirth of the automotive industry is now a matter of urgency.
> To the surprise of almost everyone, as unlikely as it may seem, revolutionary
> energy technology can change that goal from fantasy to reality.

>
> Several renewable new energy systems are in development throughout
> the world – as they reach the market, demand for fossil fuels will
> drop. However, few of these innovations have the potential to catalyze
> changes in the entire energy picture. Even fewer can substantially
> wind down carbon dioxide production fast enough to avoid the most
> drastic, life threatening, impacts caused by Global Warming.
>
> The earth is immersed in an extremely dense sea of energy. In 1926,
> inventor Hans Coler, in Germany, tapped what he termed “Space Energy”.
> His first generator delivered a few watts of electricity. During
> 1937, Coler demonstrated a second, 6,000 watt, generator that was
> later shown to the German navy. During WWII, a highly secret R&D
> project supported Coler, in attempts to achieve production in order
> to recharge submarine batteries without the need for a sub to surface.
> Late in the War, the Allies bombed the lab. After hostilities ended,
> Coler cooperated with British Intelligence, which published a Report
> in 1946, concluding his achievement was real. In 1979, the British
> Intelligence Report was declassified. Today, it can readily be found
> on the internet.
>
> We are developing revolutionary new technology. Some of our generators
> may prove to be tapping the same, Space Energy resource. It is now
> often referred to as the Quantum Vacuum, or Zero Point Energy (seekingalpha.com/symbo...).
> U.S. Patent, No. 7,379,286 (not directly connected with our work)
> is entitled: Quantum Vacuum Energy Extraction. It provides a comprehensive
> discussion of the Zero Point Field. The Patent is readily available
> on the web and provides scientists and skeptics with an excellent
> analysis.
>
> Unconventional energy conversion systems are under development in
> several countries. Those inventions that become practical products
> may prove to be tapping this never previously commercialized, renewable,
> abundant source of energy. Revolutionary new energy conversion devices
> can be manufactured in many of the world’s existing factories. They
> are likely to prove inherently cost-competitive. Not only can they
> be used to power homes and businesses of every variety, but also
> to make practical cars, trucks and buses that need no engines, batteries,
> or any variety of conventional fuel or recharge.
>
> Advanced designs will soon be capable of producing torque and/or
> electricity on a self-sustaining basis. Devices without moving parts
> are comparable to an inexhaustible electric battery. One Proof-of-Concept
> prototype was evaluated by Lee Felsenstein, EE. He concluded it to
> be analogous to the early work on the transistor, which eventually
> led to a Nobel Prize and the creation of Silicon Valley.
>
> Generators we are developing are expected to generate this much power
> and demonstrate replacement of the plug needed by a plug-in hybrid
> car, within a year. This will be a harbinger of automobiles that
> need no conventional fuel. With normal progress, prototype new energy
> conversion systems are anticipated to replace an automobile engine
> within three years. That goal might be achieved more rapidly if development
> involves four teams of engineers and technicians working on a 24/7
> basis. These prototypes will open a path to mass production of entirely
> new varieties of automotive power plants. Vehicles powered by these
> technologies will never require conventional fuel of any kind.

>
> Cars can become a source of income
>
> Vehicle to grid (V2G) power was demonstrated by Google and PG&E
> during 2007. It was recently estimated that selling power to the
> grid from future production hybrid electric cars might earn the vehicles’
> owner $4,000 each year. This assumes that power will be drawn by
> utilities from the car’s batteries, by means of a two-way, plug.
>
> In the future, cars powered by new energy conversion systems are
> expected to earn much more, as these generators are anticipated to
> replace both batteries and car engines. Therefore, they are expected
> to produce far greater amounts of electricity. No plug will be required.
>
>
> Generators of the variety we are developing to power electric automobiles
> might be thought of as analogous to a fuel cell that needs no hydrogen.
> We can easily switch this cell on or off. When the car is driving
> the conversion device is switched on, providing energy to the electric
> motor that propels the car. When the vehicle is parked, the motor
> that drives the vehicle is turned 'off', but the modular device remains
> "on", still producing energy, like a fuel cell that needs no fuel.
> In larger cars, trucks and buses, up to 150 kW, produced by the unit
> while the motor is off, can be transferred from the vehicle through
> a wireless technology requiring no physical connection to the parked
> vehicle, providing power to the utility grid. Instead of paying to
> park, the electric power utility may decide to pay vehicle owners,
> because their cars and trucks become a source of electricity, a clean
> alternative to any existing variety of power plant. Over a reasonable
> period of time, payments to the owner may be sufficient to reimburse
> the purchase price of many vehicles.
>
> Once cars, trucks and buses become available that need no fuel and
> can earn their keep, it is logical to expect automotive manufacturers
> will sell every such vehicle they make. Plants that have been shut
> down will reopen. Auto workers who have been laid off could have
> the opportunity to be rehired. Large numbers of new manufacturing
> jobs will be created.
>
> A revolutionary product this far-reaching has the potential to provide
> huge numbers of new jobs and opportunities for new enterprise. The
> economic impact of cars as power plants is likely to prove a surprising
> way to stimulate the global economy.
>
> It can also provide distributed generation of electricity wherever
> the grid is lacking or unreliable. Moreover, cars can wirelessly
> power homes and businesses. Imagine the many advantages, such as
> the aftermath of storms and other disasters.
>
> These technologies will rapidly reduce the need to import fuel and
> thereby accomplish a huge reduction in the balance of payments, a
> drain at present on our economy.
>
> Auto manufacturers are already preparing to market plug-in hybrids
> and electric cars. However, present technology sharply limits projected
> production volumes. Eliminating fuel burning engines and the need
> for batteries and recharge requirements will open huge new markets.
>
>
> When jet engines were proposed for airliners, experts projected it
> would take 20 years for the changeover to take place. In fact, it
> took only 5 years!
>
> When World War II began, auto makers rapidly shifted production to
> tanks and aircraft. These changes required massive reorganization.
> Shifting to new energy conversion systems that require no fuel or
> recharge is infinitely less difficult. It only requires the determination
> to adapt to rapid change that can insure not merely the survival,
> but the blossoming of the industry, instead of its destruction.
>
> The auto industry has the potential to catalyze, with a kick start,
> a global economic recovery.
>
>

How We Solved the Gas Price Problem

Thu, 22 Jan 2009 12:44:52 -0500

well it sounds like your doing well at this time..now you should pull all your money now because your going to start loosing it to day,its all a smoke screen, its all a setup. the market is going to drop down around 6500, and everyone is going to pay. the government has no money, why do you think the taxes payers a paying for it. print more money the chines wont lend us anymore money and no other country will ether, where done for now, and the big three have to go down and the housing big banks that are thieves fannie ma and freddie mac and all the real estate. if your not a contribution to the high archy then your ass out

On Jan 22 10:20 AM Ksankar wrote:

> I am a small time investor buying good companies at very cheap prices..I
> am able to afford that risk/reward scenario..I still have lots in
> cash in my brokerage account..Cant the government do the same ..invest
> in projects which are cheap to come by..infrastructure related,healthcare
> and education reforms..rather than pump more money into failing banks..At
> this point I feel the FED has done extraordinarily well and should
> back off and let the market do the rest.
>
>
> Thanks for a great article.

Rates, Applications and Approvals

Fri, 16 Jan 2009 13:07:40 -0500

GMAC is not helping anyone even if you have equity in there home, everyone that I know that have mortgage is not getting any help. there just prolonging till they are so under you home goes in to foreclosure, thank the feds for bailout GMAC because they did not meet there 30 billion dollar to be a bank holding company so the feds gave them the 6 billion so they could get some of the bailout money.

Is the Fed Lending Directly to Troubled Homeowners?

Fri, 16 Jan 2009 12:47:07 -0500

I have to say forget the sub prime loans, thats like investing in commodes its very short term, so you cant help the you make it or lose it. now those with locked in rates and the lose of jobs and the ones the have been owning there home for ten years or more should be helped because there less of a loss of interest, so then you can work on cutting principle because that will be less to work with for a thirty year loan

Oil Price Lower on Inventory Numbers, But It Can't Go Much Lower

Fri, 16 Jan 2009 12:28:12 -0500

the speculators are the ones that oil was at its highs, in the 70's they said that it was going to coast more to change to unleaded when all they had to do was stop putting in the lead, I believe in the 80's in the gas crunch there where oil tankers set out in the causing well the oil company's where saying there was a lack of oil, witch was a bunch of BS. they just wanted more money.

Are U.S. Stocks Headed for a Sweet Spot?

Fri, 16 Jan 2009 12:03:25 -0500

well the government is going to make it worse then ever before, its a number game brought on by the banking system. on the first bailout was no good the banking is still loosing, all it did was put lost money back in there pockets of the friends of the president, buy taken money from the tax's payers. when is everyone going to open there eyes and start taken your money out and set on it before you lose it all. the stock market is going to drop to 6500 to 5000 between now march if not sooner. good luck and look around.

Wall Street Breakfast: Must-Know News

Mon, 12 Jan 2009 19:54:22 -0500

I absolutely agree with you, Its time for America wake up and smell the f--king sh-t been saying all along, theres one city police department that wants to shot all cellar service if there is Marshal law OOPS tarriest attack, you seen what happen when they what happen to American citizens in new Orleans to the little old lady that got smashed by the two line backers law enforcement offers, look it up on youtube.com it coming and where the tarriest as far as the government is conceder. and the only way that they can take control of the country is by declaring Marshal law

On Jan 12 08:37 AM know nothing wrote:

> It starting to sound like a record with a scratch in it.Bail out
> money fast! We have to pass more bail out legislation before it's
> to late! Hurry !! Then when asked where did all the money go the
> politicians Lock at each other with the deer in the headlight look???
> The real crime here is the American people just allow it to happen!
> When will the American people wake up, and speakout against the gov't
> useing their hard earned tax dollars, without being accountable?

Is the U.S. Solvent?

Fri, 09 Jan 2009 11:27:06 -0500

www.youtube.com/watch?...

New Mortgage Bankruptcy Bill Does Not Address Real Problem

Wed, 07 Jan 2009 11:44:08 -0500

I see that banks and real estate are blaming the home owners for the bad lending, BS they caused it and now company are cutting jobs and home owners are failing behind on there mortgage payments, think now you lost your job and your kids have to eat you need electric and water and fuel to find a job that aren't there anymore. there trying to sale home to new home buyer at a rate of 4.5 interest rate, where the greed from the lenders now. the homeowner the put his or her down payment and had a legal ID and proof of income are the ones now taken in the ass. And for these that haven't lost your jobs you will soon a reduction in pay or on your why out, because you think corporate is going to lose there lol think aging your next. The stock market are just numbers they can make them go up or down, just like put everyone in a home and said where not in a recession.

take a look at this and see the names of the banks.

www.youtube.com/watch?...