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  1. M

    I am leaving this forum and a protest note

    I have a very negative view of the future - I guess you can label me a "collapsarian." Nonetheless, your post(s), Onlygold, are rather amateurish and gives the rest of us collapsarians a bad name. Goodbye. And as for your first amendment rights - you are free to create your own...
  2. M

    People with degrees making 13 bucks an hour

    100 years ago the world population was a lot less than it is now, and technology barely replaced manual labor. 90% of the world 100 years ago was living the same way people lived 300 years ago. True de-industrialization in the US accelerated in the late 1960s and early 70s. So... global...
  3. M

    People with degrees making 13 bucks an hour

    Keep this in mind when thinking about globalization. It's not just about low skilled labor. India and China combined have a popualtion of about 2.5 Billion people. Let's take the top 10% of their populations and assume that this number represents the best and brightest. That's 250...
  4. M

    Help me understand.

    Smithfix - I think you already answered your question. But at the end of the day, not even Nobel-winning Economists got it right. We're all on our own to figure it out for ourselves. For what it's worth - I'm preparing for a hyperinflationary disaster, but not so much that I create my...
  5. M

    Sir James Goldsmith was right about Free Trade and Derivatives

    Good point. Unless I missed it, I don't think Goldsmith anticipated that. The Chinese-US relationship although damning to the middle class if maintained, would also have negative consequences if the current arrangement is broken. Damned either way. Ultimately, I think that if fuel costs...
  6. M

    Sir James Goldsmith was right about Free Trade and Derivatives

    Interesting Charlie Rose interview of Goldsmith from 1994. It's about an hour long, but the first 5 minutes and last 5 minutes are compelling - even prophetic, for those that don't have the time to watch the entire video - those ten minutes sum it up well. <embed id=VideoPlayback...
  7. M

    Today's jobs numbers and the market's (over)reaction. EPI calls BS.

    Although I am obviously a cynic when it comes to government #s - I agree with your point. We will not know for at least a couple more months.
  8. M

    Today's jobs numbers and the market's (over)reaction. EPI calls BS.

    Yup - two birds, one stone.
  9. M

    Today's jobs numbers and the market's (over)reaction. EPI calls BS.

    These are the last 2009 unemployment numbers to be published by the federal government - right before the Xmas shopping season Nothing to see here folks. Good numbers = happy shoppers Now wives can shop without feeling insecure that their husbands may lose their jobs. CHARGE AWAY!
  10. M

    "If there were no God, there would be no atheists

    peil - I won't argue with you regarding god's existence. The question I will put to you is this: How are you so sure that "your" god is the right one? Most people on the planet are not christian. Are they all going to hell because they didn't have the "luxury" of being born into a...
  11. M

    The US at its pinnacle, 1953 Time magazine

    Yes they were... actually they were REALLY HIGH. Until Ray-gun and Art Laffer. go to http://www.taxfoundation.org/publications/show/151.html it will surprise you. There were a lot more tax brackets then.. If you made 49K then, the top bracket for dollars made between 44K and 50K was 71%...
  12. M

    Proven: Woods and his "spin" team will lie to you, all day, every day

    Been there. And guess what? Women LOVE a challenge. They will try their best to change you as it is a reflection of their own ego.
  13. M

    will people pull money out of gold

    I disagree. I just put it in my calendar to revisit this thread in 2014 - 5 years from now. Hopefully the internet is still up and running... :D
  14. M

    will people pull money out of gold

    Evidence of bubble or eventual currency(ies) collapse? One is a trading phenomenon, the other is an historical supercycle.
  15. M

    Proven: Woods and his "spin" team will lie to you, all day, every day

    Why is this in politics? Is it really that worthy of discussion? Is Tiger Woods some type of radio talk show host or politician that espouses family values? Did Tiger Woods criticize Bill Clinton for being a "naughty boy" and later get caught in a bathroom stall trying to pick up a guy...
  16. M

    The US at its pinnacle, 1953 Time magazine

    Who would have thought that the children in those images - probably one of the best raised generations in world history, would become the blood sucking baby boomers we know of today. :D :mad: :D
  17. M

    All Individuals Are Going To Have To Learn How To Trade ....?

    So what happens to Pensions and 401Ks? They're too big to be nimble and have strict guidelines anyway. Regardless, my view is that all pension funds public or private are ponzi schemes. I just don't see how they can function when you have 2-3 generations overlapping in benefits. No...
  18. M

    Proposed new WAR TAX

    Here's the real question: Do you want to continue your way of life as you know it? Do you understand that cheap and available oil is what makes the world go round, what makes your house worth what it is, allows you to drive a truck that gets 17 mpg, gives you the opportunity to inexpensively...
  19. M

    Home Ownership: the path to slavery

    It depends... don't forget real estate commissions (if you use a realtor) and other closing costs - title co fees, etc.... Title Cos are the biggest ripoff - title insurance is a scam, or at least how they price it.
  20. M

    What Happnes when we see 9 or 10 percent mortgage rates

    Though I was a kid in the 70s, I do have experience in the mortgage industry and heard a lot from "old timers." :D Anyway, I remember hearing that assumable mortgages were quite common, and in the end, the banks suffered for it. Imagine being a bank, lending on a home at 9%, and then rates...
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