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  #2  
Old 11-20-2008, 07:06 PM
1990 500SL
 
Join Date: Oct 2003
Location: Hawthorn Woods, IL. USA
Posts: 329
Heres another guy that tried to warn them, and DID heavily SHORT everything going into this debacle.

It's a long article, but interesting.

One thing I found interesting His purchase of CDOs allowed the brokers to create MORE CDOs which he bought which allowed them to .....
This to him proved it was a house of cards, they were running out of borrowers to create the CDOs that made the income.

http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom?print=true
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1990 500SL

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  #3  
Old 11-20-2008, 07:14 PM
Banned
 
Join Date: May 2002
Location: Blue Point, NY
Posts: 25,396
Quote:

I like Goldman-Sachs..........it's cheap (at $175.00).

Another moron............
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  #4  
Old 11-20-2008, 07:42 PM
Hatterasguy's Avatar
Zero
 
Join Date: Nov 2002
Location: Milford, CT
Posts: 19,318
The gold trust he recomended is only down $10, to $73 today. You would have lost your shirt if you bought what the others were telling you too, if you bought that gold trust at $83 you would have lost some, but not enough to kill you.

What he is saying about inflation going nuts is scary, and as far as I can see correct. The government is printing and spending money like drunken sailors, and Obama is probably not going to help. They are creating money out of nothing, and borrowing money that we have no hope of every paying back! How the heck can we hope to pay back $10T+ with the government adding $1t to that every year? NFW. Economics 101, when the money supply increases inflation will follow. So with the dollar increasing in value the market is again not following the fundamentals. Does this mean that the fundamentals are incorrect? I think not, I think they will prove to be correct and the currant dollar's rally is just a false one.

Your still going to get your $1k SS check, but that check may be just enough to cover your water bill.

This might be how they plan on taking care of the debt, make our currancy worthless, than all of a sudden $10t, isn't all that much.

Freaken idiots are running this country into the ground. I still think gold, guns, and land are the best investments right now. Thats all I'm buying.
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  #5  
Old 03-19-2009, 01:44 AM
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Join Date: Nov 2003
Location: Hella NorCal
Posts: 3,313
http://www.youtube.com/user/PeterSchiffChannel


There you go hattie.

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