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PostPosted: Thu Nov 04, 2010 10:09 am 
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its good to see this thread still going, by niw everyone caan see just how bad things are in the U.S. OF A......WHAT A NIGHTMARE.

AND THERE SOLUTION...PRINT MORE MONEY,,,,

A REVOLUTION IS WHAT IS REQUIRED....THE GAME HAS BEEN LOST....
CIAO


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PostPosted: Wed Nov 17, 2010 4:54 pm 
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Bamelin wrote:
I DO remember though in the mid 80's my 2 piece chicken and fries at KFC going from $3.50 to $6.00 in what felt like the space of a year, and a can of coke going from 50 cents to 1 dollar . I assume that was inflation.

6 Dollars??? Toonie Tuesdays!!! What's up!
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PostPosted: Thu Dec 16, 2010 10:45 am 
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those were the days


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PostPosted: Thu Dec 23, 2010 12:16 pm 
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http://www.youtube.com/watch?v=P9Ig58p_ ... re=related


marc faber interview.....and listen to his final sentence........china anyone?

you bet...they have already started....stickinging there nose inbetween north and southkorea


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PostPosted: Tue Jan 11, 2011 1:16 pm 
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http://us.mobile.reuters.com/article/id ... 111?ca=rdt


Canada is next. We are very close to debt levels held by our american counterparts.

Will it be as bad as the U.S. Don't think so


But I can easily see a 20 percent haircut

W


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PostPosted: Wed Jan 12, 2011 7:53 pm 
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I'll repost this reply in here too, since the topic is clearly similar, and you also said above that you "can easily see a 20 percent haircut " yet you ignored me in the other thread... just curious to get your thoughts on this:

williamb from October 2008 wrote:
JUST ANOTHER DAY ON THE TSX...10 % DOWN...OUCH :wink: (Index was around the 8,000 mark at that time)
i hope everyone is very defensive. This market could take out the previous lows and it would be a disater in the making.

... what lies ahead is further erosion of capital, (your portfolios), of which another 50% hit could happen in no time.
....we are going down hard...


SO, what did I decide to do? Run and hide? or BUY BUY BUY???
The same index closed today at 13,402. that's roughly a 67% gain since your post.
or an annualized ROI of over 30%.

Moral of the story?

Shout about the end of the world all you want, and at one point you might actually be right, but in the meantime, you're going to miss out out every upswing that happens while you're waiting for the sky to fall.
By not making 67%, you basically lost 67% [ok 40.3% if you want to get technical], worse than any investment loss most of us will ever have in our lifetimes.

I understand and respect your viewpoint, as I assume you do mine - we both have valid points somewhere in our arguments but I'm smiling about my investments, and selling them off to move them into something else.
67%.. on a market index in 2 yrs. That's AWESOME
.
If world war 3 is indeed the end game, and a fallout cloud looms overhead someday, I would hate my last few days to be spent running around saying "I told you so!" - I'd much rather be enjoying my family and investments that have paid off while it lasted. :)

------

I made 67% since you started this discussion.,.. what's a 20% haircut? well, to me nothing, since I sold and took my profits. ACTUALLY, even if you're right, that means the gain is only 40-50% in 2.5 years, instead of 67, which is still fantastic... Admit you were wrong in 2008-09-10, explain why, and maybe you'll get more credibility on these 2011 posts :)


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PostPosted: Wed Jan 12, 2011 11:45 pm 
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mikefc wrote:
Bamelin wrote:
I DO remember though in the mid 80's my 2 piece chicken and fries at KFC going from $3.50 to $6.00 in what felt like the space of a year, and a can of coke going from 50 cents to 1 dollar . I assume that was inflation.

6 Dollars??? Toonie Tuesdays!!! What's up!
Image


Toonie Tuesday went from $2 to $2.22 to $2.79 already
We are placing bets it will be $2.99 very soon


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PostPosted: Wed Jan 12, 2011 11:47 pm 
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williamb wrote:
http://us.mobile.reuters.com/article/idUSTRE70961E20110111?ca=rdt


Canada is next. We are very close to debt levels held by our american counterparts.

Will it be as bad as the U.S. Don't think so


But I can easily see a 20 percent haircut

W



Ain't gonna happen
Way too much demand here (unlike in US where banks can't give away properties)


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PostPosted: Thu Jan 13, 2011 7:56 am 
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http://www.msnbc.msn.com/id/41051419/ns ... al_estate/



The U. S. Is far from any sort of recovery. It will be at least 5yrs before any sort of recovery is possibe

Saving and jobs are non existant

Debt levels here are approaching those of the u. S.

We are not immune. A lot of you are in the same boat as your american counterparts

That is why mortgage rules have been adjusted and with higher rates on the way. It wouldn't take much to put some of us underwater.

Then we all know what's next

W


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PostPosted: Sat Jan 15, 2011 10:37 pm 
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Ol Skool wrote:
shawnrk1 wrote:
williamb wrote:
http://us.mobile.reuters.com/article/idUSTRE70961E20110111?ca=rdt


Canada is next. We are very close to debt levels held by our american counterparts.

Will it be as bad as the U.S. Don't think so


But I can easily see a 20 percent haircut

W



Ain't gonna happen
Way too much demand here (unlike in US where banks can't give away properties)


How old were you in 1989 during the last crash? The dynamics were different but PLEASE never say never. We are in an unprecendented credit bubble which has fueled the housing market. The 1989 crash was exaserbated by the boomers but would have happened anyway because these things go in cycles. This credit/debt bubble is actually worse. By the way, the demand you speak of, well sales across the country are down six straight months and counting. Calgary's housing market is already showing signs of cracking and they were one of the frothiest urban centres along with Vancouver and Toronto. William isn't even saying it is going to the same as the U.S. or worse. He's saying it won't be as bad but still be a correction. Why is that outrageous? The 1989 crash was like 30%. As I've said in the other thread, let's wait until Spring. The feds are already rumbling about changing the mortgage rules yet again in the Feb. budget. The CREA is putting out propoganda about how that will kill their golden goose errr hurt first-time buyers and are imploring people to contact there MPP. Ummm if a 25 or 30 amortization lowers prices, which it would, wouldn't that help first-time buyers in terms of affordability, rather than having these families saddled with a big debt and 35 amort.? They know the parties over...


Oakville/Milton Real Estate Board release:

“The market definitely slowed down in 2010 and it could soon become more difficult for those
trying to enter the real estate market for the first time in 2011. Potential buyers should be on the
alert as there is a probable change to Mortgage Financing Rules that could have an impact on
them,” states OMDREB President Jack McCrudden. “Finance Minister Jim Flaherty has stated
that he might tighten lending rules by increasing minimum down payments and decreasing the
maximum amortization allowable. This will change how the market performs as it will instantly cutoff
potential first time buyers … and they are the ones who tend to drive the real estate markets,”
comments McCrudden. “It all depends on how much the government tweaks the rules, keeping in
mind that interest rates will be rising as well”.


Actually I made off like a bandit thanks to both slowdowns (almost tripled my initial nest egg at this point)

Buy when lands cheap, sell when it goes up

That's even how I ended up here, saw a deal I just couldn't refuse



Anything is technically possible, the world could get struck by an asteroid killing everyone
I still feel confident in stating it ain't gonna happen


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PostPosted: Tue Jan 18, 2011 7:44 am 
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Points to ponder

This will be a record year for foreclosures with over 1.2 million

There are over 5 million homes who are underwater and behind in payments

BERNANKE is an idiot. This moron actually believes that printing money is the way out.

Unemployment is well over 20 percentand it will not improve

There is a 2 trillion dollar state pension shortfall and trust me on this one if that the number there thowing at you , you can bet its 10 times worse

And that's a glass half full scenario

W


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PostPosted: Thu Jan 20, 2011 8:47 am 
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Lipstick on this pig

Only in america would they try to spin this positively

But the last paragraph is more telling. Not sure how they slipped that in

Initial jobless claims fell more than expected last week and showed their biggest decline since February, in a hopeful sign for the U.S. labor market.

The number of Americans filing for first-time unemployment benefits dropped sharply to 404,000 from a downwardly revised reading of 441,000 in the prior week, the Labor Department said on Thursday.

The 37,000 drop in claims was the biggest since the week that ended Feb 6, when claims fell by 51,000. Analysts had expected weekly jobless claims to fall to 420,000.

A Labor Department official said the larger-than-expected decline was partly explained by jobless claims returning to trend after the big rise the earlier week, which may have been skewed by the holiday season.

The four-week moving average of new claims, which strips out short-term volatility, dropped by 4,000 to 411,750.

Continuing claims fell to 3.86 million in the week ended Jan. 8, the lowest level in over two years.

However, the total number of Americans on benefit rolls, including extended benefits under emergency government programs, jumped to 9.6 million in the week ended Jan. 1 from 9.2 million the prior week.


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PostPosted: Thu Jan 20, 2011 8:48 am 
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Lipstick on this pig

Only in america would they try to spin this positively

But the last paragraph is more telling. Not sure how they slipped that in

Initial jobless claims fell more than expected last week and showed their biggest decline since February, in a hopeful sign for the U.S. labor market.

The number of Americans filing for first-time unemployment benefits dropped sharply to 404,000 from a downwardly revised reading of 441,000 in the prior week, the Labor Department said on Thursday.

The 37,000 drop in claims was the biggest since the week that ended Feb 6, when claims fell by 51,000. Analysts had expected weekly jobless claims to fall to 420,000.

A Labor Department official said the larger-than-expected decline was partly explained by jobless claims returning to trend after the big rise the earlier week, which may have been skewed by the holiday season.

The four-week moving average of new claims, which strips out short-term volatility, dropped by 4,000 to 411,750.

Continuing claims fell to 3.86 million in the week ended Jan. 8, the lowest level in over two years.

However, the total number of Americans on benefit rolls, including extended benefits under emergency government programs, jumped to 9.6 million in the week ended Jan. 1 from 9.2 million the prior week.


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PostPosted: Fri Jan 21, 2011 7:40 am 
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Ol Skool wrote:
Well, if you've already experienced a housing correction in your adult life then it is foolish to say it won't happen again and for you to compare it to an asteroid hitting this planet since the last time that happened dinosaurs were walking the earth. Your confidence doesn't seem to be backed up by much. Did you make off like a bandit in 1974 during that correction as well :roll:


No 80s
74 I would not have owned


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PostPosted: Wed Jan 26, 2011 11:17 pm 
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U.s policies afar will one day hit home

BIG TROUBLE IN TUNISIA FOR AMERICA’S MIDEAST RAJ
January 17, 2011
Oops! Something has gone terribly wrong with Washington’s plans for regime change in the Mideast. Wasn’t there supposed to be a US and British engineered revolution against Iran’s mullahs, followed by installation of a cooperative pro-western government and a bonanza for western oil companies?
The revolution came, all right, but in the wrong place. The explosion of popular fury in Tunisia that ousted its dictator of 23-years is sending shock waves across the Arab world and has alarm bells ringing in Washington.
 
Pay no attention to President Barack Obama’s pious bromides welcoming the revolution in Tunisia.   The US, France and their Arab satraps are deeply worried that Tunisia’s popular revolution could spark similar uprising against the dictatorships or monarchies in other members of America’s Mideast Raj, notably Egypt.  
 
It has come to light that Tunisia’s ruling elite had dinners and wine flown in from Paris at government expense for lavish parties in their beachside villas. Shades of the Iranian revolution, when women of the ruling elite in Tehran used to send their dirty laundry to Paris for hand washing, or fly to Paris to have their hair done for a soiree.
 
In a zesty bit of irony totally lost on the US media, just as a people’s revolution was ousting Tunisia’s brutal US-backed regime, Secretary of State Hillary Clinton was in Qatar piously lecturing local oil monarchs on good government and the need to promote democracy.
 
Tunisia has not had much strategic importance since Carthage – whose ruins and great war harbor lie in a residential suburb of Tunis – fought Rome in the three Punic Wars. During World War II’s North Africa campaign, Tunisia was battled over by the British, Germans and Italians.
 
Since then, little Tunisia has been a backwater, known mainly for sunshine, cheap beach vacations, and as a refuge for Italian crooks. 
 
In 1957, Tunisia “gained” independence from former colonial master, France. But it was a sham independence. The French put their own stooge, Habib Bourguiba, in power, who ran the country for France.
 
After Bourguiba went senile in 1987, the army commander, General  Zine Ben Ali, overthrew him and seized power with the blessing of Paris. Ben Ali as ruled with an iron first for the ensuing 23 years.
 
The US and France have always hailed Tunisia as a poster-boy for “moderation, stability, and democracy. ”  
 
Translation: 1. moderation: following orders from Washington and making nice to Israel; 2. stability: crushing all opposition, particularly Islamist-oriented parties, muzzling the media, and paving the way for US business; 3. democracy: holding fake elections every few years. The US media soft-soaped Ben Ali and gushed over Tunisia’s “moderate” virtues. They did the same for Egypt’s Anwar Sadat.
 
America’s other “moderate” Arab clients, Egypt, Morocco, Algeria, Jordan, Saudi Arabia, Kuwait, Yemen, Oman and some of the Gulf states, followed precisely the same model of ersatz elections, ferocious internal oppression, and absolute obedience to Washington.
 
Tunisia closely resembled other Arab non-oil states in having very high unemployment, social and intellectual stagnation, lack of free speech or expression, and no hope for the future unless one had links to the rapacious, self-serving, western-backed ruling oligarchy. On top of this, in most Arab states, over 60% of the population is under 25.
 
Gen. Ali’s extended family and business cronies followed a pattern of malfeasance, nepotism and plundering public assets common to most Arab nations.   In the Mideast, such oligarchies are commonly called “mafias.”   Their secret police are notorious for torture, murder, mass arrests and sadism. Arab armies are designed to cow their people, not protect the nation’s borders.
 
After the Bush and Obama administrations felt obliged to make a token appeal to their Arab clients for the appearance of at least sham democracy, General Ali obliged by winning his most recent rigged election in 2009 by “only” a razor-thin 89% victory, rather than his usual 94% or 95% win. 
 
Tunisians are known as an easy-going, even-tempered people. US and French aid was supposed to keep a lid on the country and defuse popular unrest.   So just about everyone was caught by surprise when Tunisia went critical.
 
In a heart-warming finale to Gen. Ben Ali’s brutal dictatorship, he fled to France seeking asylum. France’s president, Nicholas Sarkozy, showing remarkable ingratitude even for this notorious ingrate,   refused this faithful, long-time French servant refuge. Two other former western plantation overseers who were dying of cancer, Congo’s late Gen. Mobutu and the ousted Shah of Iran, were similarly refused refuge by their American patrons.  
 
As of this writing, Tunisia is in turmoil.   There may be a military takeover, which would greatly please Washington, Paris and Cairo, or further convulsions. 
 
The leader of the most important Islamic-oriented party that was outlawed, Rashid Gannouchi (not to be confused with the current figurehead prime minister of the same name), is due to return and is calling for genuine democratic elections.   His party, Nahda, would likely win any free elections. So would Islamist parties in every other Arab country, if the west ever allowed them to hold free elections, which it won’t.
 
In the only two cases in modern Arab history where truly honest elections were held, moderate Islamists won in Algeria, and the Hamas movement won in Gaza.   The Algerian army, backed by Paris and Washington, crushed the election and imposed martial law. After Hamas won the Palestinian election, the US, Israel and Egypt locked up Hamas under siege in Gaza and sought to overthrow it using Palestinian mercenaries.   
 
Mainstream Islamist parties in the Mideast have nothing to do with al-Qaida (which barely exists any more) or anti-Western programs. Their primary concern is getting rid of the western-backed oligarchies that keep the Muslim world backwards and in thrall. Their platform is sharing resource wealth, social welfare, education, uprooting thieving oligarchies and fighting endemic corruption.
 
The big question now is will Tunisia’s dramatic events be a harbinger of other explosions across the volatile Arab world?    All eyes are on Egypt, the home of a third of all Arabs. Egypt’s 83-year old military ruler, Husni Mubarak, is a giant version of Tunisia’s Gen. Ben Ali. 
 
Mubarak was engineered into power by the US after the killing of longtime CIA “asset” Anwar Sadat. Gen. Mubarak and has ruled Egypt like a modern-day pharaoh ever since, crushing both violent extremist and legitimate political opposition.   Mubarak’s rigged elections, winked at by Washington, are every bit as egregious as Tunisia’s.  
 
So could the flames of Tunisia’s revolution spread to Egypt?   Mubarak’s regime is tottering. Egyptians are as restive and disgusted as their Tunisian neighbors. Egyptians, too, are a famously passive, amiable lot, but Egypt’s repression, grinding poverty and rapacious western-aligned elite have enraged most ordinary people. 
 
Tunisia’s neighbors Libya, Algeria and Morocco are similarly unstable and racked by unemployment, a high birth rate, and ferocious repression by their regimes.   Col. Khadaffi’s oil-rich Libya is particularly fertile ground for a major convulsion after five decades of eccentric government.
 
All these authoritarian regimes have crushed opposition, leaving only underground revolutionaries to replace them when revolution inevitably comes.   Islamists will be the last men standing. By encouraging repression and thwarting the emergence of democracy in the Arab world, the US has sown the dragon’s teeth of further violence and rises.
 
We are now seeing what the “stability” and “moderation” so beloved of Washington in the Arab world really brings.   The mighty American Raj is built on such euphemisms that really mean dictatorship, corruption, torture, and subservience.  
 
If Washington really wants to foster the democracy that it preaches, then it should help Tunisia’s people create a truly democratic government rather than engineering yet another cooperative general and his grasping family into power as it has done so often since the 1950’s.
30
 
copyright Eric S. Margolis 2011


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