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darko714

darko714
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  • Bitcoin: Such a good idea that it will probably fail [View instapost]
    If lagre financial institutions or governments could actually freeze bitcoin transactions for $100 million wouldn't that be a bargain? The price will only go up.

    Also not to be underestimated is the power of the state-influenced media to work in concert with the government, the Fed and banks to badmouth bitcoins.

    Another way to beat the bitcoin would be for governments and banks to become more transparent, accountable, and trustworthy. I'm not holding my breath on this one, but if it happened it would be a victory for bitcoin, as well.
    Mar 31 11:46 AM | Likes Like |Link to Comment
  • What Happens To A Currency When The Rate Of Monetary Inflation Is Suddenly Dropped To Half? [View instapost]
    A Ron Paul wet dream. This is too good to last. But, on the other hand, how will it be stopped?
    Mar 28 01:41 PM | Likes Like |Link to Comment
  • Bitcoin: Such a good idea that it will probably fail [View instapost]
    minorman : What foresight!

    I think with the Cyprus banking crisis the Bitcoin may have already gotten too big for the banks and major governments to get rid of. Big financial institutions and the Fed must be freaking out.

    What can they possibly do to outlaw it at this point? Physically sieze all of Bitcoin's servers? Where are they even located? How is this going to play out?

    If the Bitcoin becomes a recognized currency, and remains un-manipulable, there's a chance it will be the best thing to ever happen to the world economy.
    Mar 28 01:30 PM | 1 Like Like |Link to Comment
  • Supervalu's Hidden Real Estate Value [View article]
    You may be overvaluing the real estate with your simplistic formula. The market for commercial and especially retail space has been soft.

    You are also not looking at regional trends which would dictate that their most 'closeable' stores are probably wrongsized and unrentable. They may also be located in municipalities where property taxes are rising due to hard-up local governments. Think liabilities, not assets.

    Good luck everyone! INVEST WITH CAUTION!!
    Jan 9 05:27 PM | Likes Like |Link to Comment
  • NY AG Schneiderman slaps a new lawsuit on Bank of America (BAC), JPMorgan (JPM), and Wells Fargo (WFC), charging them with "deceptive and fraudulent" foreclosure proceedings through MERS - the national mortgage electronic registry. "The banks created the MERS system as an end-run around the property recording system," he says. (PR)  [View news story]
    If the states hadn't jacked up their recording fees to take advantage of the secondary market trading, none of this would have happened. Governments owe a fiduciary duty to the public to keep land records.. Using their power to raise recording fees and create a cash cow to support outrageous benefits to public employees is extortion.
    Feb 3 03:17 PM | 1 Like Like |Link to Comment
  • NY AG Schneiderman slaps a new lawsuit on Bank of America (BAC), JPMorgan (JPM), and Wells Fargo (WFC), charging them with "deceptive and fraudulent" foreclosure proceedings through MERS - the national mortgage electronic registry. "The banks created the MERS system as an end-run around the property recording system," he says. (PR)  [View news story]
    NY only gets NY money. Each state is obliged to make its own deal.
    Feb 3 03:05 PM | Likes Like |Link to Comment
  • Citigroup: On A Better Trajectory [View article]
    I still have roughly half of what I bought in '08, when it was darn near a penny stock. Still, I'm not totally comfortable hanging on to that. Face it, Dave, this is still a risky play..

    monsieurmarket, I think a Greek default takes them into liquidity crisis territory, and this time the Fed fire engines will be too busy fighting a bigger fire.
    Feb 3 03:01 PM | Likes Like |Link to Comment
  • 8 Stocks Held By Both Buffett And Weitz [View article]
    Don't hold your breath waiting for a drop when Greece defaults, Monkey. Everyone's drumming up a panic, but, in reality it's already priced into the market. Once the Euro sheds them and the other PIIGS, sanity will return.

    But mine is not a majority opinion.

    If there's a drop based purely on panic, then I just made your point.
    Sep 12 12:07 PM | Likes Like |Link to Comment
  • Debt Ceiling Talk Collapse Would Be a Great Thing [View article]
    Bingo, Bo. You're right on. How can government borrowing MORE money be good for the economy, the private sector, or the stock market? In this case "failure" is what I'm rooting for. There will be no default, but it's time Congress takes a good, hard look at everything else. That's what we elected them for.

    I'm betting that Congress doesn't come to an agreement , and it will spur a recovery. The only "downside" will be Pres. Obama being able to take credit for two years' balanced budgets. Maybe in 2012 Americans won't want to mess up a good thing and re-elect "Pres. Gridlock."

    Stranger things have happened.
    Jul 15 05:27 PM | 3 Likes Like |Link to Comment
  • Bank of America Among Those Likely to Benefit Most From Mortgage Settlement [View article]
    This is exactly what a lot of investors have been thinking, Mr. Wyatt. Even without a settlement, most of the bad debt will eventually unwind. The problem is, it's getting hard to find any bargains any more.
    Jul 12 12:45 PM | Likes Like |Link to Comment
  • 10 Stocks Hedge Funds Are Buying Like Crazy [View article]
    Pump 'n' dump. Never follow the hedge funds-try to get ahead of them. These stocks are already 'pumped'. The trick is to sell just before they do.
    May 27 10:38 AM | Likes Like |Link to Comment
  • The Impending Collapse of the Gold Bubble [View article]
    Hah! Another contrarian. I must add you to my "follow" list.

    Still, now that every other country is following the lead of the Fed and buying back its debt with money created out of thin air, and thus stealing from every single person and institution holding either their scrip or their debt, what still has value? At some point everyone opens up their wallets and a blizzard of scrip will start chasing limited goods and services. That's when I'll consider selling my gold.
    Mar 30 07:11 PM | 5 Likes Like |Link to Comment
  • Where Not to Go if Inflation Is Real [View article]
    So--get out of stocks, get out of bonds, and you certainly don't want cash during a period of high inflation and go . . . . . where? To the mattresses with a pile of Krugerrands and your trusty AK?
    Mar 30 05:54 PM | Likes Like |Link to Comment
  • Lights Dim on the Global Liquidity Party [View article]
    I agree: QE3 is inevitable. The banks will demand it and the Fed will do it--even with Dr. Paul looking over their shoulders. They want one last cash orgy before the party ends.

    As far as gasoline prices go, they can go up only so much before more production is brought on line and there's a surplus. Remember, there's not much excess storage capacity. If Americans start driving significantly less, any "signs of depletion" will be temporary.

    Besides, there may be a lot more oil under the sea than we know what to do with. Once the prices rise 50% or so, it will become worthwhile to tap it. That's why I'm hanging onto my stock in the deep sea drillers.
    Jan 27 03:28 PM | 1 Like Like |Link to Comment
  • Lights Dim on the Global Liquidity Party [View article]
    John, check your arithmetic. The end of June is only five months away, not six.
    Jan 27 03:18 PM | Likes Like |Link to Comment
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