armageddon is here

Pennzoil GT-R wrote:aris, when do you think rock bottom is coming? im poised over the buy button for next week but i think it'll jump a little then come straight back down again in a few weeks

pennz, what's your time frame? are you looking to trade or just a place to park your money?

if there's going to be a bottom, we're probably real close. i'm not sure where that's going to be, but if you had a 5yr time horizon, then something like BAC or JPM should be bought on pullbacks. they're going to be the kings, and they both pay a great dividend rate right now. nothing beats getting paid while you wait. we may get a few more in the coming weeks/months. also, this is mutual fund season. many close out their fiscal years on sept 30, and they maneuver around frantically around this time of years. hence why october is frequently a messy month.

i think BAC was 30 yesterday. could go to 25, maybe, but i'd be surprised. JPM at 40 is good, but i'd love to get it under 40.

if we get some more dollar weakness, after this bill goes through, i think the oil service names could work, since the price of oil should hold above 85. however, if oil dips below 85, those stocks are toast.

that was a poorly constructed post.

basically, i think you're right. move up, followed by a move down. however, i don't think the move down will be much more on a % basis. maybe 10% from where we are right now.

My prudent noninvestment has really paid off.

Les_Vipers_rule wrote:

Pennzoil GT-R wrote:ps les shut the fuck up with your stupid rhetoric if you dont know what the fuck youre talking about

Um no... I know exactly what Im saying and it's based on information one can readily get about how the crux of our problem lies within fractional reserve banking practices and with how the idea of creating money out of debt and the insult and SIN of adding usury to it is in the end one that cannot work. But as I said you can go ask 100 people about the banking/lending system they will not know how it works or will quote its workings inaccurately.

The US Fed Reserve is allowed a 9:1 ratio of dollars created (from thin air) to lend to dollars one must hold in reserve. Other forms of lending go as high as 30:1.

So you can be jerk and personally attack me or you can get educated.



http://www.financialsense.com/fsu/editorials/gnazzo/2005/1129.html

Would you please shut the fuck up you know nothing know-it-all.

Pennz is educated in the area. All you do is regurgitate bullshit you've read, regardless of whether or not it is actually relevant to the situation.

911 wrote:My prudent noninvestment has really paid off.

Stephen Colbert was speaking with an anchor from CNBC and when asking for money tips during the crisis, she advised him to diversify his portfolio, and he replied, "So, I should bury my money in the backyard AND hide it in my mattress?"

fucking colbert is the best.

dunnas wrote:

Les_Vipers_rule wrote:

Pennzoil GT-R wrote:ps les shut the fuck up with your stupid rhetoric if you dont know what the fuck youre talking about

Um no... I know exactly what Im saying and it's based on information one can readily get about how the crux of our problem lies within fractional reserve banking practices and with how the idea of creating money out of debt and the insult and SIN of adding usury to it is in the end one that cannot work. But as I said you can go ask 100 people about the banking/lending system they will not know how it works or will quote its workings inaccurately.

The US Fed Reserve is allowed a 9:1 ratio of dollars created (from thin air) to lend to dollars one must hold in reserve. Other forms of lending go as high as 30:1.

So you can be jerk and personally attack me or you can get educated.



http://www.financialsense.com/fsu/editorials/gnazzo/2005/1129.html

Would you please shut the fuck up you know nothing know-it-all.

Pennz is educated in the area. All you do is regurgitate bullshit you've read, regardless of whether or not it is actually relevant to the situation.

Hey, I provided links supporting what I say and I'm confident the people who placed these links know as much and likely more about what I say than Penz.

BTW instead of attacking me, show me where I'm wrong and where the links I placed are as well.

Are you denying fractional reserve banking? A banking ideology going back to 1694 in jolly ole England when the first bank of England came up with 2:1 ratio in lending to reserves.

It's all good for me,Dollar is going up,Euro is going down.
I win.

Les_Vipers_rule wrote:

dunnas wrote:

Les_Vipers_rule wrote:

Pennzoil GT-R wrote:ps les shut the fuck up with your stupid rhetoric if you dont know what the fuck youre talking about

Um no... I know exactly what Im saying and it's based on information one can readily get about how the crux of our problem lies within fractional reserve banking practices and with how the idea of creating money out of debt and the insult and SIN of adding usury to it is in the end one that cannot work. But as I said you can go ask 100 people about the banking/lending system they will not know how it works or will quote its workings inaccurately.

The US Fed Reserve is allowed a 9:1 ratio of dollars created (from thin air) to lend to dollars one must hold in reserve. Other forms of lending go as high as 30:1.

So you can be jerk and personally attack me or you can get educated.



http://www.financialsense.com/fsu/editorials/gnazzo/2005/1129.html

Would you please shut the fuck up you know nothing know-it-all.

Pennz is educated in the area. All you do is regurgitate bullshit you've read, regardless of whether or not it is actually relevant to the situation.

Hey, I provided links supporting what I say and I'm confident the people who placed these links know as much and likely more about what I say than Penz.

BTW instead of attacking me, show me where I'm wrong and where the links I placed are as well.

Are you denying fractional reserve banking? A banking ideology going back to 1694 in jolly ole England when the first bank of England came up with 2:1 ratio in lending to reserves.

It's whole telling people (pennz in particular recently) to get educated or that they don't know what they're talking about, but you do, that's pissing me off.

I'd say Finance and F1 are two of Pennz's strongest areas of knowledge.

Pete.Z wrote:It's all good for me,Dollar is going up,Euro is going down.
I win.

Not when all your customers end up jobless and homeless.

dunnas wrote:

Les_Vipers_rule wrote:

dunnas wrote:

Les_Vipers_rule wrote:

Pennzoil GT-R wrote:ps les shut the fuck up with your stupid rhetoric if you dont know what the fuck youre talking about

Um no... I know exactly what Im saying and it's based on information one can readily get about how the crux of our problem lies within fractional reserve banking practices and with how the idea of creating money out of debt and the insult and SIN of adding usury to it is in the end one that cannot work. But as I said you can go ask 100 people about the banking/lending system they will not know how it works or will quote its workings inaccurately.

The US Fed Reserve is allowed a 9:1 ratio of dollars created (from thin air) to lend to dollars one must hold in reserve. Other forms of lending go as high as 30:1.

So you can be jerk and personally attack me or you can get educated.



http://www.financialsense.com/fsu/editorials/gnazzo/2005/1129.html

Would you please shut the fuck up you know nothing know-it-all.

Pennz is educated in the area. All you do is regurgitate bullshit you've read, regardless of whether or not it is actually relevant to the situation.

Hey, I provided links supporting what I say and I'm confident the people who placed these links know as much and likely more about what I say than Penz.

BTW instead of attacking me, show me where I'm wrong and where the links I placed are as well.

Are you denying fractional reserve banking? A banking ideology going back to 1694 in jolly ole England when the first bank of England came up with 2:1 ratio in lending to reserves.

It's whole telling people (pennz in particular recently) to get educated or that they don't know what they're talking about, but you do, that's pissing me off.

I'd say Finance and F1 are two of Pennz's strongest areas of knowledge.

Well if he denies fractional reserve banking and its inevitable failure then he does need to get educated. As for F1 he is no more of an expert and no more informed than likely myself or likely any other lifer, diehard F1 fan. You can kiss his ass but that does not make him right ok?

But the thing you're missing is that it doesn't make you any more right.

Pennz hasn't said a thing about fracional reserves. What he said that you replied to was perfectly accurate though. There's more than one reasons why things have ended up as they have.

dunnas wrote:But the thing you're missing is that it doesn't make you any more right.

Pennz hasn't said a thing about fracional reserves. What he said that you replied to was perfectly accurate though. There's more than one reasons why things have ended up as they have.

The basic crux of all of this mess is built on the foundation of the flawed fractional reserve banking system. Without such a base nothing else that contributes to the problem would be. This is what makes what I say correct. I never said Penz nor anyone was incorrect in anything that is a valid contribution to the topic here. He was the jerk who chose to personally attack me and yet you want to defend him. The situation at hand is a complex one but without understanding and seeing the lunacy of an ever growing more corrupt fractional reserve banking system none of the other stuff matters.

I want to go back to the barter system.

Here, I give you my chicken for your hand job.

i want to go back to the fucking wild west. fucking stage coach robberies, bank robberies - shit like that.

i would fucking shine like a virgin vagina.

TheWoerus wrote:I want to go back to the barter system.

Here, I give you my chicken for your hand job.

As a proponent of both chickens and hand jobs, I wholeheartedly approve of this financial system.



<-- (imagine a penis in the fist)

Aristotle wrote:i want to go back to the fucking wild west. fucking stage coach robberies, bank robberies - shit like that.

i would fucking shine like a virgin vagina.

This would be good too. Especially with our advances in gun technology. Two men face each other at high noon in a dusty street, Desert Eagles holstered at their sides...

Les_Vipers_rule wrote:

dunnas wrote:But the thing you're missing is that it doesn't make you any more right.

Pennz hasn't said a thing about fracional reserves. What he said that you replied to was perfectly accurate though. There's more than one reasons why things have ended up as they have.

The basic crux of all of this mess is built on the foundation of the flawed fractional reserve banking system. Without such a base nothing else that contributes to the problem would be. This is what makes what I say correct. I never said Penz nor anyone was incorrect in anything that is a valid contribution to the topic here. He was the jerk who chose to personally attack me and yet you want to defend him. The situation at hand is a complex one but without understanding and seeing the lunacy of an ever growing more corrupt fractional reserve banking system none of the other stuff matters.

what gets me is how you'll see something written somewhere and then quote it endlessly despite the fact you've not got a clue what it actually is.

fractional reserve IS the money markets, and i for one would love to see you suggest a better system

Pennzoil GT-R wrote:

Les_Vipers_rule wrote:

dunnas wrote:But the thing you're missing is that it doesn't make you any more right.

Pennz hasn't said a thing about fracional reserves. What he said that you replied to was perfectly accurate though. There's more than one reasons why things have ended up as they have.

The basic crux of all of this mess is built on the foundation of the flawed fractional reserve banking system. Without such a base nothing else that contributes to the problem would be. This is what makes what I say correct. I never said Penz nor anyone was incorrect in anything that is a valid contribution to the topic here. He was the jerk who chose to personally attack me and yet you want to defend him. The situation at hand is a complex one but without understanding and seeing the lunacy of an ever growing more corrupt fractional reserve banking system none of the other stuff matters.

what gets me is how you'll see something written somewhere and then quote it endlessly despite the fact you've not got a clue what it actually is.

fractional reserve IS the money markets, and i for one would love to see you suggest a better system

More personal attacks...

Better ideas are being suggested by many but one can start though with making applying interest illegal. Then one can stop with fractional lending as we have it. It may have to be ramped down but in another thread I posted a video where the creator of it made a very clear, realistic and logical alternative. You just refuse to look at it and/or accept it. Fractional reserve banking will eventually lead to the failure of the system, its almost like a ponzi scheme.

i refuse to accept it because its fucking stupid. make it illegal to apply interest??? do you have any idea how capital markets work?

Pennzoil GT-R wrote:i refuse to accept it because its fucking stupid. make it illegal to apply interest??? do you have any idea how capital markets work?

Yes I do and it does not disallow capital markets based on sustainable growth and sustainable economic development. The current system will eventually require 100% plundering of the earth and its people in trying to out grow the ever increasing compounding of debt and interest. That Penz is something that cannot go on forever. A finite world trying to live in a flawed monetary system that is myopically designed to think it can be infinite means we are going to hit a wall as a global society.

dunnas wrote:

Pete.Z wrote:It's all good for me,Dollar is going up,Euro is going down.
I win.

Not when all your customers end up jobless and homeless.

Ah,but that is the good part,my customers are moslty older white males,with money,who collect expensive toys.
We all know no male will ever cut down on buying toys.

good lord. the tsx is down like 7% for the 2nd day this week. ffffuck....