Quote from peilthetraveler:
All these bankers tried to corner the financial market and failed and now they are losing their minds too. So many of the "little guys" profited during the real estate boom and despite what the media says, the average homeowner who got forclosed on, did not "lose everything" You cant lose everything when you do a zero down loan because you never put anything in to begin with. Only thing they lost is the imaginary profits they thought they were going to make. The real losers were the banks
Quote from peilthetraveler:
Actually I think the opposite is true. Why? Because lets look at commodities. If you own the majority of a commodity, you can pretty much set the price. Remember that movie, trading places with eddie murphy and the duke brothers tried to corner the market? If they had succeeded they would've controled the price of frozen orange juice and made a ton of money because the "Juice" would've been in "few" hands. But when one fails to corner the market, what happens is they usually go bankrupt. Look at Joshua Abraham Norton. Back in the 1800s he tried to corner the rice market in san francisco and failed. (he later became crazy) This is what is happening today. All these bankers tried to corner the financial market and failed and now they are losing their minds too. So many of the "little guys" profited during the real estate boom and despite what the media says, the average homeowner who got forclosed on, did not "lose everything" You cant lose everything when you do a zero down loan because you never put anything in to begin with. Only thing they lost is the imaginary profits they thought they were going to make. The real losers were the banks
Quote from Trvlwanderer:
LOL. Your area of expertise would be what?
One (Gergia) has already shown it's head. You know little of strategic global posturing. Any idea why shindand was developed...the real reason?
do you think a country with cuddled minorities conspiring with a wasteful government and super rich liberals can compete in today's world economy?Quote from short&naked:
First they wanted to replace the USD, now they are getting crushed by it... this country always wins when you least expect it!![]()
Quote from bxptone:
One thing I laugh about with commodities and gold. Is what would these be worth IF THERE WAS NO MONEY. Noone would be able to buy your product no matter what it's worth. What if there was hyper inflation, are you going to set an ounce of gold to a price of $1,000,000,000.00? 1)Again who would be able to buy it, and 2)At that stage in the game, would you want to sell your gold at all?
And 3)Would you still even be alive to hold it, as probably mobs of people running the streets would probably end up stealing it from you lol.
But I know everyone on this board is armed to the teeth and toughest guy on their block. lol