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Sublime Peach





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  posted on 8/4/2009 at 04:58 PM


[Edited on 8/20/2009 by jerryphilbob]

 
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Zen Peach



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  posted on 8/4/2009 at 05:21 PM
HOLY SH*T THE SKY IS FALLING

 

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Zen Peach



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  posted on 8/4/2009 at 05:35 PM
Oh no ... not again

whatever will we do

the great CFR conspiracy continues

 

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Zen Peach



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  posted on 8/4/2009 at 05:37 PM
Hey JPB, I submitted an application to the CFR to join its ranks.

I want to be part of this so called paranoia fueled revolution called
the New Word Order.

Ii hear they have the power of the Dark Side of the Force behind them
and the mystical Sith in their corner.

Can't wait!

 

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Sublime Peach



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  posted on 8/4/2009 at 05:41 PM
Nn No No, It's Harry Potter that is mystical, not the sith.

Don't worry, I made money on Silver and the Swiss Franc. When the dollar crashes, I won't have to worry about hot tub sales. I have a hedge. Do You?

 

Zen Peach



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  posted on 8/4/2009 at 05:43 PM
Eff you. The Sith are WAY mystical than any boy wizard.

You don't realize the power of the Dark Side ...

 

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Zen Peach



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  posted on 8/4/2009 at 05:43 PM
quote:
That's the dollar losing ground and me making money
Uh huh ... bet you are giving Rockefeller a run for his money with all your amazing financial acumen...

 

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"Come on down to the Mermaid Cafe and I will buy you a bottle of wine, and we'll laugh and toast to nothing and smash our empty glasses down..."

 

Sublime Peach



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  posted on 8/4/2009 at 05:59 PM
Yeah, all i'm focusing on is the strength of the dollar, the monex gold and silver exchange, and the forex monetary exchange. You can't just look at the world, this is a universal economy, jeez. You have to take into account what is happening on Mars and Saturn too!
 

True Peach



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  posted on 8/4/2009 at 06:04 PM
This just in: 6 rules of investment for Doomsday.


http://articles.moneycentral.msn.com/Investing/Extra/6-keys-to-investing-fo r-doomsday.aspx

 

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Sublime Peach



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  posted on 8/4/2009 at 06:08 PM
quote:
How many people here tell you that you are full of it?
How many agree with you?
Besides you, who got into a mortgage he couldn't afford with the intention of making a quick killing?

Which of us retired early and is living large?
Which of us is in a panic about the economy?

You lose.


Did you forget your meds today?

 

Sublime Peach



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  posted on 8/4/2009 at 06:24 PM
He is still playing by the financial Rules of 1971. He must not know that Nixon took us off the gold standard that money isn't backeb by anything.

Just for otie:

1971 $1 = 1 ounce of silver
2009 $17.63 = 1 ounce of Silver

That's called inflation. Inflation is a tax that you can't see. It destroys wealth. Like the money you save or have invested in your home.

Econ101 over for today.

 

Ultimate Peach



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  posted on 8/4/2009 at 07:11 PM
quote:
He is still playing by the financial Rules of 1971. He must not know that Nixon took us off the gold standard that money isn't backeb by anything.

Just for otie:

1971 $1 = 1 ounce of silver
2009 $17.63 = 1 ounce of Silver

That's called inflation. Inflation is a tax that you can't see. It destroys wealth. Like the money you save or have invested in your home.

Econ101 over for today.


Where do I start with this. Let's see:

1. Inflation is not a tax. Tax funds government. Inflation doesn't.

2. Inflation can both destroy or create wealth. If you buy a house for $200,000 and sell it for $1 million, that inflation just made you pretty wealthy.

3. That silver was a pretty bad investment. A concert ticket for Fleetwood Mac with Black Sabbath opening in 1971 cost $4. A Fleetwood Mac concert ticket in 2009 was about $150. Now, there is inflation for you.

 

Zen Peach



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  posted on 8/4/2009 at 07:12 PM
I don't look at my home as an 'investment'. It might be one, but good one or not, it's where I live, it's where our grandchildren have come since they were born, it's where memories have beeen made and I'm surrounded by my possessions.....some valuable, some just sentimental....it's where I comewhen the world becomes a little too busy for me to take any more. So, if someone makes money when the place is sold....good.....if it's just break even.....that's okay too. It's our house and our land and I love it!

 

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Sometimes we can't choose the music life gives us - but we damn sure can choose how we dance!


 

Sublime Peach



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  posted on 8/4/2009 at 07:24 PM
quote:
Where do I start with this. Let's see:

1. Inflation is not a tax. Tax funds government. Inflation doesn't.

2. Inflation can both destroy or create wealth. If you buy a house for $200,000 and sell it for $1 million, that inflation just made you pretty wealthy.

3. That silver was a pretty bad investment. A concert ticket for Fleetwood Mac with Black Sabbath opening in 1971 cost $4. A Fleetwood Mac concert ticket in 2009 was about $150. Now, there is inflation for you.


Let's see, where do I start with this:

1. Inflation is a tax. Listen to Dr. Ron Paul for two minutes
http://www.youtube.com/watch?v=D4yBrxmEOkY

2. You are correct, only right now, inflation is destroying wealth, not creating it. They popped that bubble, and the bailout bubble will be next.

3. Your 1971 concert ticket is actually worthless today. Your 4 ounces of silver would be worth around $70.00. You just simply overpaid for your $150 Fleetwood Mac concert ticket from 2009, and got ripped off to boot.

You must have the same financial IQ as Otie. Your way to smart for me. Why do I try.

 

Sublime Peach



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  posted on 8/4/2009 at 07:30 PM
quote:
I don't look at my home as an 'investment'. It might be one, but good one or not, it's where I live, it's where our grandchildren have come since they were born, it's where memories have beeen made and I'm surrounded by my possessions.....some valuable, some just sentimental....it's where I comewhen the world becomes a little too busy for me to take any more. So, if someone makes money when the place is sold....good.....if it's just break even.....that's okay too. It's our house and our land and I love it!


And that is exactly the way you should look at your home. Not as an investment. You cannot deny that most Amercians look at their homes as an investment, that is a major reason we are in this mess today. Good for you that you can separate the two, most cannot.

 

Sublime Peach



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  posted on 8/4/2009 at 07:31 PM
quote:
My home is where I live and enjoy life. Not everything should be measured in dollars and cents. But you keep trying to get rich, jpb. I'll spend my days enjoying life.


LOL. You even stated your home was an investment. You are a liar and your financial IQ is pathetic. Have you purchased a hedge against the dollar, or are you still tied to it?

 

Sublime Peach



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  posted on 8/4/2009 at 07:38 PM
I'm the one that is totally prepared for anything, while you are prepared for nothing. It is you my friend that should be panicking, at least your family should.

BTW, Your home is NOT an investment, dumbass!!!

 

Zen Peach



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  posted on 8/4/2009 at 07:54 PM
I've come to believe that only the right wing supporters know anything about finance and the rest of us are just living in blissful ignorance. We need to accept it folks....we're all just too darn stupid to have made it this far in life.

 

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Ultimate Peach



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  posted on 8/4/2009 at 07:56 PM
quote:
3. Your 1971 concert ticket is actually worthless today. Your 4 ounces of silver would be worth around $70.00. You just simply overpaid for your $150 Fleetwood Mac concert ticket from 2009, and got ripped off to boot.

You must have the same financial IQ as Otie. Your way to smart for me. Why do I try.


Well, I used that example as an example, but since you mentioned it, it is actually worth $50 today:

http://cgi.ebay.com/FLEETWOOD-MAC-BLACK-SABBATH-1971-Unused-Concert-Ticket_ W0QQitemZ360172578768QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item53dbf56 7d0&_trksid=p3286.m20.l1116#ht_1844wt_756

 

Zen Peach



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  posted on 8/4/2009 at 07:56 PM
quote:
BTW, Your home is NOT an investment, dumbass!!!
Wow. Who forgot their meds?!?!?!?! JerryRockefeller, I can't help but wonder if the reason you always lose it in these threads that deal with home ownership has anything to do with you giving yours up. Really. That is the way it appears.



[Edited on 8/5/2009 by lolasdeb]

 

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"Come on down to the Mermaid Cafe and I will buy you a bottle of wine, and we'll laugh and toast to nothing and smash our empty glasses down..."

 

Sublime Peach



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  posted on 8/4/2009 at 08:16 PM
Yeah, I was broke up over lowering my monthly expenses by $1000 and putting $50,000 in the bank. I was really broke up as I watched my old home drop another 20% in value since selling it.

There is nothing wrong with having a nice home and when the market breaks, in 5 or 10 years, I will be waiting in the wings to capitalize quite nicely on it.

In the mean time. I am not "trapped" by paying more for my home than it is worth and watching my equity dwindle away.

Now this is the tricky part so stay with me. My current landlord owns the depreciating asset. I pay a fixed price for my rent. So as inflation takes off, I win again there. I am coming out ahead on both sides of the transaction and get a great home to live in. I am not responsible for major repairs and live a nice stress free life with my savings tied into the Swiss Franc (gaining on the dollar everyday) and silver (A great hedge against the dollar).

Otie is ithe only one melting down and I hope he gets his meds adjusted.

[Edited on 8/5/2009 by jerryphilbob]

 

Sublime Peach



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  posted on 8/4/2009 at 08:23 PM
quote:
Well, I used that example as an example, but since you mentioned it, it is actually worth $50 today:

http://cgi.ebay.com/FLEETWOOD-MAC-BLACK-SABBATH-1971-Unused -Concert-Ticket_W0QQitemZ360172578768QQcmdZViewItemQQptZLH_DefaultDomain_0? hash=item53dbf567d0&_trksid=p3286.m20.l1116#ht_1844wt_756


Just because I want to get $100 an ounce for silver, and I post an ad on Ebay for it, doesn't make it worth that amount. You might want to check completed auctions, and there were ZERO sales on these antiques. So your ticket is actually worthless, just as I stated. Now there is a sucker born everyday and you might find ONE buyer. Gold and Silver is actually REAL money and traded world wide. Your brilliant.

 

Zen Peach



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  posted on 8/4/2009 at 08:30 PM
I don't know what some people spent on their homes, but ours has gone up in value at least 50% since we bought it and still holding its value.

 

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Sometimes we can't choose the music life gives us - but we damn sure can choose how we dance!


 

Sublime Peach



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  posted on 8/4/2009 at 08:36 PM
What year did you buy and have you had it appraised anytime since the crash?


 

Sublime Peach



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  posted on 8/4/2009 at 08:38 PM
You might want to try zillow.com , it is close to accurate and I know that it isn't exact. It will give you a good idea though.





[Edited on 8/5/2009 by jerryphilbob]

 
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