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  1. #1
    Contributor 02/2014 FunkyPertwee's Avatar

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    We Can Pretend All We Want, The US Is In A Recession & Heading For The Big One

    My dad's friend that owns a bank confirmed for us that real estate is back to where it was in 2008.



    Retail sales continue to decline, when compared to wages we can see as wages are dropping so are sales. GE is in trouble, they do not have enough to meet their pension obligation. Caterpillar posts a positive sales after 54 months of declining sales, this was accomplished by China ordering equipment most likely a one off order. SocGen says interest rate to slow to contain the asset bubbles. Citi explains why the credit impulse going negative is very dangerous for the world economy. The last two times this happened the US entered a recession and it is happening now. The US is in a recession the Fed, corporate media and US Government just don't want to admit it.
    "I'm fucking furious, I'm violently angry, and I like it. If you don't know what that feels like then I feel bad for you"

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    Last week a Italian bank bought one of the largest Italian banks for one euro.
    http://uk.reuters.com/article/uk-ita...-idUKKBN14W0TE

    This is a bail in, where the deposits are used to cover the newly purchased bank's debts. See how that works? A bank fails, taking its deposits with it, and another bank that was more prudent and didn't gamble its depositors money away makes good on the failed banks debts. This is the model they will use here.





    Bezos bought hole foods to add to his monopoly empire wich is making waves in the grocer world.
    http://www.complex.com/life/2017/06/...ng-whole-foods

    What Bezos wants is to eliminate every employee he can from a grocery store and then offer delivery. Aldi and lidl are making headway into the US market and a grocery price war is looming. Walmart is testing pricing similar to aldi in some states, and Kroger is spending a few billion on getting its vendors to reduce prices drastically. If Bezos has his way, you'll walk in to a grocery store/bezos food warehouse and grab what you want (the store notes everything you take) then just leave with the stuff and be billed for it via an app in your phone, no cashiers or carryouts, or just order what you want and it gets delivered to your door. Bezos thinks his drones will be bringing you fresh eggs, lettuce, meats in the very near future. There's a rumour of a stock market event taking place around the 5th of July floating about too.
    Last edited by 5.56NATO; 06-21-2017 at 01:19 PM.
    "And how we burned in the camps later thinking, what would things have been like, if every security operative, when he went out at night to make an arrest, had been uncertain, whether he would return alive and had to say good-bye to his family?"

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    Yawn. yawn yawn yawn yawn yawn yawn yawn yawn yawn yawn yawn yawn yawn yawn yawn........take an x22 enema. Yawn yawn yawn yawn yawn yawn yawn yawn..........taken that enema yet.
    Yawn yawn yawn yawn yawn yawn yawn................
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    Senior Member tank_monkey's Avatar

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    So why is the real estate in Commiefornia insane? $1.2 Million dollars won't buy you jack shit in the San Francisco Bay Area. You have to averaging $700K a year to buy a house and put your kids through school here. (ignore their politics for a moment and think just about economics)

    There are lots of issues at work here. I'm still glad that we don't have another DEMOCRAT in the White House. I think that despite his troubles, Trump is going to be the most business and investment friendly POTUS in a long while.

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    Team Guns Network Silver 04/2013 alismith's Avatar

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    Quote Originally Posted by tank_monkey View Post
    So why is the real estate in Commiefornia insane? $1.2 Million dollars won't buy you jack shit in the San Francisco Bay Area. You have to averaging $700K a year to buy a house and put your kids through school here. (ignore their politics for a moment and think just about economics)
    They do that to keep the riff-raff out. Only the best people will do....the kind that doesn't ask prices. If you ask the price, you can't afford it, anyway.
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    Contributor 02/2014 FunkyPertwee's Avatar

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    Quote Originally Posted by tank_monkey View Post
    So why is the real estate in Commiefornia insane? $1.2 Million dollars won't buy you jack shit in the San Francisco Bay Area. You have to averaging $700K a year to buy a house and put your kids through school here. (ignore their politics for a moment and think just about economics)

    There are lots of issues at work here. I'm still glad that we don't have another DEMOCRAT in the White House. I think that despite his troubles, Trump is going to be the most business and investment friendly POTUS in a long while.

    My home town is also in a bubble, just like 2008.
    "I'm fucking furious, I'm violently angry, and I like it. If you don't know what that feels like then I feel bad for you"

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    Contributor 02/2014 FunkyPertwee's Avatar

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    Quote Originally Posted by l921428x View Post
    Yawn. yawn yawn yawn yawn yawn yawn yawn yawn yawn yawn yawn yawn yawn yawn yawn........take an x22 enema. Yawn yawn yawn yawn yawn yawn yawn yawn..........taken that enema yet.
    Yawn yawn yawn yawn yawn yawn yawn................

    Sorry to hear it's not exciting enough for you.
    "I'm fucking furious, I'm violently angry, and I like it. If you don't know what that feels like then I feel bad for you"

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    Quote Originally Posted by FunkyPertwee View Post
    Sorry to hear it's not exciting enough for you.
    Remember chicken little or the boy who cried wolf? Who caused the housing crisis? I am 60 and we have been doomed for the last 40 years
    so after awhile the same old crap gets boring. And when was the last crash predicted? Sure there are some that can say I say it coming but for the
    most part it is never predicted and if I am on solid financial footing, which I am, it does not affect me and has not. Yawn yawn yawn yawn yawn..........
    While no one ever listens to me,
    I am constantly being told to be quiet.

    In a world of snowflakes,
    be the heat..

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    Administrator imanaknut's Avatar

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    Tell about the bubble bursting here in Hamilton County Indiana, where they can't build new homes fast enough, employment is so bad that employers are almost begging for people (called negative unemployment) and home values have been going up for the last 40 years. My first house doubled in value in 15 years and my current took 25 but it's current true market value is beyond my wildest dreams.

    Food prices are down, gasoline price is down, so lower wages buy food. Unfortunately due to the housing demand here, the lower wages don't buy these homes, but with average sale time in two weeks or so (listing to signing date) there must be more than a couple of people with money.

  10. #10
    Contributor 02/2014 FunkyPertwee's Avatar

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    Quote Originally Posted by 5.56NATO View Post
    Last week a Italian bank bought one of the largest Italian banks for one euro.
    http://uk.reuters.com/article/uk-ita...-idUKKBN14W0TE

    This is a bail in, where the deposits are used to cover the newly purchased bank's debts. See how that works? A bank fails, taking its deposits with it, and another bank that was more prudent and didn't gamble its depositors money away makes good on the failed banks debts. This is the model they will use here.





    Bezos bought hole foods to add to his monopoly empire wich is making waves in the grocer world.
    http://www.complex.com/life/2017/06/...ng-whole-foods

    What Bezos wants is to eliminate every employee he can from a grocery store and then offer delivery. Aldi and lidl are making headway into the US market and a grocery price war is looming. Walmart is testing pricing similar to aldi in some states, and Kroger is spending a few billion on getting its vendors to reduce prices drastically. If Bezos has his way, you'll walk in to a grocery store/bezos food warehouse and grab what you want (the store notes everything you take) then just leave with the stuff and be billed for it via an app in your phone, no cashiers or carryouts, or just order what you want and it gets delivered to your door. Bezos thinks his drones will be bringing you fresh eggs, lettuce, meats in the very near future. There's a rumour of a stock market event taking place around the 5th of July floating about too.
    Thanks for the info.
    "I'm fucking furious, I'm violently angry, and I like it. If you don't know what that feels like then I feel bad for you"

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    Here's some more funky shit on amazon;


    The Details About the CIA's Deal With Amazon
    A $600 million computing cloud built by an outside company is a "radical departure" for the risk-averse intelligence community.
    https://www.theatlantic.com/technolo...amazon/374632/

    Buy your food from the CIA: Amazon buys Whole Foods
    https://jonrappoport.wordpress.com/2...s-whole-foods/

    It Begins: WalMart Warns Truckers It Will No Longer Work With Them If They Move Goods For Amazon
    http://www.zerohedge.com/news/2017-0...ove-goods-amaz
    "And how we burned in the camps later thinking, what would things have been like, if every security operative, when he went out at night to make an arrest, had been uncertain, whether he would return alive and had to say good-bye to his family?"

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    Senior Member jet3534's Avatar

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    Where I live in the West VA panhandle I am seeing houses starting to move and prices going up. The local economy is booming. Proctor and Gamble is moving a big operation to Martinsburg WV that will probably employ thousands of people. The Federal Government continues to expand with the new DHS training center in Harpers Ferry. In nearby VA, an hour away, the house I grew up in (that my parents bought in 1963 for 60K) was just sold for one million dollars. This was a 4 bedroom house, 3 bathrooms, a two car garage, two fireplaces, and 2 acres of land in Great Falls VA. After the sale the house was immediately bulldozed and replaced with a 5 million dollar house. I guess I am trying to make 2 points. The first is that the economy is picking up. The second is that real estate always has intrinsic value in the right location. Well, that is as long as the demographics don't change.

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    Team Guns Network Silver 04/2013 alismith's Avatar

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    Quote Originally Posted by jet3534 View Post
    Where I live in the West VA panhandle I am seeing houses starting to move and prices going up. The local economy is booming. Proctor and Gamble is moving a big operation to Martinsburg WV that will probably employ thousands of people. The Federal Government continues to expand with the new DHS training center in Harpers Ferry. In nearby VA, an hour away, the house I grew up in (that my parents bought in 1963 for 60K) was just sold for one million dollars. This was a 4 bedroom house, 3 bathrooms, a two car garage, two fireplaces, and 2 acres of land in Great Falls VA. After the sale the house was immediately bulldozed and replaced with a 5 million dollar house. I guess I am trying to make 2 points. The first is that the economy is picking up. The second is that real estate always has intrinsic value in the right location. Well, that is as long as the demographics don't change.
    AND the Dimocrats aren't in the White House.
    "Valar morghulis; valar dohaeris."

    Commucrats are most efficient at converting sins and crimes to accidents or misunderstandings.-Oswald Bastable

    Making good people helpless won't make bad people harmless.

    Freedom isn't free.

    "Attitude is the paintbrush that colors our world." TV Series, Haven.

    My Spirit Animal has rabies.

    I'd rather be an American than a Democrat.

    "If you can make a man afraid, you can control him" Netflix Series, The Irregulars

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    Quote Originally Posted by jet3534 View Post
    Where I live in the West VA panhandle I am seeing houses starting to move and prices going up. The local economy is booming. Proctor and Gamble is moving a big operation to Martinsburg WV that will probably employ thousands of people. The Federal Government continues to expand with the new DHS training center in Harpers Ferry. In nearby VA, an hour away, the house I grew up in (that my parents bought in 1963 for 60K) was just sold for one million dollars. This was a 4 bedroom house, 3 bathrooms, a two car garage, two fireplaces, and 2 acres of land in Great Falls VA. After the sale the house was immediately bulldozed and replaced with a 5 million dollar house. I guess I am trying to make 2 points. The first is that the economy is picking up. The second is that real estate always has intrinsic value in the right location. Well, that is as long as the demographics don't change.




    What you're referring to is debt is still cheap, not the economy is flourishing. All these things you describe were done with opm, ie debt, and the housing market is in as large a bubble as it was in 2007 but there's even more subprime mortgages (as well as car loans) out there making your stats look good. The fed just started quantitative restriction, where they stop buying bonds and start selling, and raising rates. This means an end to cheap money (low interest debt as fed notes are debt notes) and as the fed starts increasing their selloff of their balance sheet we should start to see the demise of the marketplace as so many market watchers have predicted. The bonds the fed sell are t bills, and what happens when tbills flood the market? The value of the dollar goes down down down.

    One market guy decided to step out and even give the day of the collapse, valentines of 18 but I have no clue when they will drop it all, just that I expect them to. Once they (fed) own all the mortgages and car loans that they've been buying with the debt you agreed to pay via your elected officials they can drop the dollar to 0 and buy up entire industries for pennies on the dollar just like they did in 1929. The rug has been pulled out from under us, the straw that broke the camels back has been placed on the pile, the dead cat bounced but since the dead cat was in heat, the male cats (investors) are raping said cat in the middle of the street as cars race by, they can't help themselves. Nothing that went wrong in 07 has been fixed, instead of one Lehman bros there'll be thousands, as well as bank bail ins where your bank acct is used to cover the banks losses. They could collapse it tonite if they wanted to. And by them I mean whoever tells the ppt what to do.

    Here's a story how the ppt plays the stock market and makes it dance to whatever tune they desire, one of the best I've read on the subject;
    http://www.zerohedge.com/news/2017-0...verything-else

    In essence, they (ppt aka "plunge protection team" who has all the money in the world to buy stock to keep the market from collapsing and can actually shut down trading in the US if needed) play the vix when the market is overheated or faltering, then play the market when vix is too high, and sell paper gold and silver all the while. They pump the til over here till people get wise, then they pump over there. The metals markets are flooded with paper, meaning some 400 paper ounces of gold for every actual deliverable ounce at comex. Right now if people can't get actual metal from comex they're paid a premium and as long as people will take dollars instead of gold they can keep inflating the paper gold, but what happens when people stop accepting paper gold? A little thing called price discovery takes place, where gold as in the metal shoots up to $50k an ounce. So who takes the fall when people start demanding actual gold or silver instead of paper? Whoever is running comex at the time, certainly not the central banksters. Not too long ago the Chicom version of ppt stopped trading a few times and even made it a rule that certain stocks couldn't be sold or traded. Nothing is as it seems.... especially in the financial world were not one in a thousand knows wtf is going on.


    Just my take on the deal.
    Last edited by 5.56NATO; 07-06-2017 at 06:14 PM.
    "And how we burned in the camps later thinking, what would things have been like, if every security operative, when he went out at night to make an arrest, had been uncertain, whether he would return alive and had to say good-bye to his family?"

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    Well since this thread is still playing like a leak from a faucet, I will add this oldie but goodie.

    http://news.trust.org/item/20170706230350-0v27u

    Enjoy........
    While no one ever listens to me,
    I am constantly being told to be quiet.

    In a world of snowflakes,
    be the heat..

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    Ron Paul Predicts Stock Market Will Collapse in the Next 3 Months
    Ron Paul says stocks will fall by 25% within 3 months. Ron Paul is one of the most level-headed people to ever serve in Congress. His warning is shocking and should be taken very seriously.
    http://www.thecommonsenseshow.com/20...next-3-months/



    The Fed keeps ringing bells to signal the top, but the markets aren’t listening.
    Janet Yellen is set to present the Fed’s Monetary Report to Congress this week. Her remarks have already been posted online.

    The results aren’t pretty.
    Valuation pressures across a range of assets and several indicators of investor risk appetite have increased further since mid-February...
    The Committee currently expects to begin implementing the balance sheet normalization program this year provided that the economy evolves broadly as anticipated...
    Firstly, Yellen is CLEARLY warning that the Fed sees bubbles in the system. For a Fed Chair to specifically cite “valuation pressures” in the markets is simply incredible… particularly when you consider that the Fed has been actively propping up stocks for the better part of eight years.
    Secondly, Yellen reiterates the Fed’s intention to begin normalizing its balance sheet this year. This is an absolute game changer for the markets as it marks the first time in a DECADE that that FEd will be actively withdrawing liquidity from the system.
    What does all of this mean?
    The Fed is getting ready to pull the plug on the markets.
    What does that mean for stocks?
    We're going to have the 3rd and worst crisis in 20 years.
    http://www.zerohedge.com/news/2017-0...ling-plug-year
    "And how we burned in the camps later thinking, what would things have been like, if every security operative, when he went out at night to make an arrest, had been uncertain, whether he would return alive and had to say good-bye to his family?"

  17. #17
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    Yawn.........
    While no one ever listens to me,
    I am constantly being told to be quiet.

    In a world of snowflakes,
    be the heat..

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