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Started By
Message
Posted on 12/13/18 at 12:23 pm to Hussss
quote:
Not that long ago, not only could a graduate get a good paying breadwinner job but could also start a family with an average blue collar job but the wife could stay home and raise the kids. Now in most cases, it takes 2 incomes to make ends meet.
This such utter bullshite.
Homes are about 1,000 sq feet larger than yesteryear.
We have more shite in our homes than ever before.
It isn't "making ends meet" requiring two incomes, it's people wanting all the joys two incomes provide.
Posted on 12/13/18 at 12:38 pm to Hussss
quote:
fall hard to around 1800 SPX.
Posted on 12/13/18 at 12:44 pm to Hussss
quote:
I have never once mentioned crash.
You said fall hard, and have mentioned a crash in several threads
Posted on 12/13/18 at 12:45 pm to Hussss
quote:
pulling more money out of the system.
How? Where is the money going if they aren't spending it?
Posted on 12/13/18 at 1:32 pm to Hussss
quote:Did someone else post the following quotes using your screen name?
I have never once mentioned crash.
quote:
fall hard to around 1800 SPX
quote:
the start of a big down leg to new lows
quote:
This time around, instead of banks and brokerages being where the problems are, it will be entire countries going tits up.
quote:
Might want to research just how much debt as well as central bank distortions are in these "matkets. (sic)"
Once it is vacuumed out to fair value it won't be pretty.
quote:
when trillions are leaving markets in the same timeframe we will have a big problem.
quote:
The entire system is based on trust and trust is rapidly eroding and markets are breaking.
quote:
this SPX 2600-2800 channel being the final shoulder before breaking down.
quote:
the market is breaking before our eyes
quote:
Only one of 100 worries this market is dealing with. Collapse coming.
quote:
We have seen NOTHING compared to what is right around the corner.
quote:
a perfect storm we are headed into
quote:
all global fiat currencies start collapsing.
quote:
when we get a 2008 type volatility spike which is coming very soon.
quote:
we will collapse.
Posted on 12/13/18 at 1:33 pm to LSURussian
This dude 100% is a gold broker
Posted on 12/13/18 at 2:21 pm to Thib-a-doe Tiger
quote:That's certainly possible. I initially thought he must be about 80 years old but I see he says in a thread on the O-T Lounge Board that he's 43 years old.
This dude 100% is a gold broker
IMO, that's kind of young to be a full blown gold bug.
We've had several other posters like him who really enjoyed the 2008/2009 stock crash during the Great Recession. They laughed at us stock investors and repeated their mantra to only buy gold and silver for investments.
One of those posters went by the screen name "Rivers." I'm sure other long-time posters on the Money Talk Board will remember him.
He claimed one day at the height of the fear factor in the market when the price of gold went up substantially that day that his gold stash increased in value $X amount, a rather big figure. I did a quick calculation and it meant he would have to have owned about 5 TONS of gold for his stash to have increased in value as much as he claimed. I asked him about that but he never replied to my question.
In one thread Rivers mentioned he was 83 years old at the time.
So anytime a gold bug starts posting I erroneously assume they are, as Rush Limbaugh refers to them, a seasoned citizen.
Posted on 12/13/18 at 2:26 pm to LSURussian
What ever happened to that guy?
Posted on 12/13/18 at 2:28 pm to LSURussian
quote:
Not every college graduate has student loan debt. For 2017 the average amount of debt for students with student loans is less than $38,000. That's not a huge amount.
Essentially the value of a nice new vehicle
Not a bad price to pay for an education that will benefit you for a lifetime
Posted on 12/13/18 at 2:28 pm to iAmBatman
quote:Well, he was 83 years old in 2008 so odds are he has assumed room temperature by now.
What ever happened to that guy?
ETA: Then again since the stock market has been pretty good to us since the Great Recession and since gold is lower now by about $700/ounce than it was seven years ago, maybe Rivers is just reluctant to come back and take his medicine.
This post was edited on 12/13/18 at 2:48 pm
Posted on 12/13/18 at 2:38 pm to Powerman
quote:Agreed.
Essentially the value of a nice new vehicle
Not a bad price to pay for an education that will benefit you for a lifetime
Posted on 12/13/18 at 2:47 pm to LSURussian
If we were ever to go back to some sort of standard for our money, I’m not even sure it would be gold. It has been surpassed by other precious metals or materials in almost every application except jewelry
Posted on 12/13/18 at 8:53 pm to wasteland
quote:
Where is the money going if they aren't spending it?
Mortgages and other forms of debt are paid off by older generations therefore pulling capital out of the system.
The entire financial system is based upon credit. Credit is the lifeblood and seized up during the GFC in 2008. This is why the global central banks have had to inject so much liquidity into the global banking system after the GFC. The leverage with the help of derivatives swallowed up capital like a vortex. Were the problems solved and foundations rebuilt? Absolutely not, central banks just reinflated with more and more debt and leverage and here we are.
Posted on 12/13/18 at 9:03 pm to RATeamWannabe
Lol at having a guy.
Posted on 12/13/18 at 9:04 pm to Hussss
quote:You believe when a mortgage is paid the payment goes into a box and is buried in the ground instead of becoming cash on hand for the entity collecting the payment and then invested somewhere?
Mortgages and other forms of debt are paid off by older generations therefore pulling capital out of the system.
quote:Just stop. You’re embarrassing yourself.
is why the global central banks have had to inject so much liquidity into the global banking system after the GFC. The leverage with the help of derivatives swallowed up capital like a vortex. Were the problems solved and foundations rebuilt? Absolutely not, central banks just reinflated with more and more debt and leverage and here we are.
Eta: It’s revealing how you just duck my list of your quotes replying to your “Where did I say crash” post but yet you post another Chicken Little post like the one I quoted above.
This post was edited on 12/13/18 at 10:03 pm
Posted on 12/13/18 at 9:15 pm to Hussss
quote:That’s probably your most mature, intelligent post you’ve ever made on this board.
GFY
Posted on 12/13/18 at 9:18 pm to LSURussian
Just sick of you following me around like some pre schooler, sleuthing around trying to figure out my age and who I am. WTF do you CARE?!?!
I never post directly to you because you are such a jackass but you always jump in, are you THAT INSECURE?
I never post directly to you because you are such a jackass but you always jump in, are you THAT INSECURE?
This post was edited on 12/13/18 at 9:24 pm
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