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Author Topic: The End is Near ...Sell everything and build a cave  (Read 118269 times)

Offline allagash

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Re: The End is Near ...Sell everything and build a cave
« Reply #105 on: January 18, 2010, 10:51:54 am »
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If the government would make me the same deal, I'd be a billionaire in a year.

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And Bill Gross also said that he recommended partnering up with the govt

Couple good tools:

XLF….UYG

-Mike
http://www.youtube.com/watch?v=LiAtlT7Ba6c&feature=related

Offline rookieNYC

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Re: The End is Near ...Sell everything and build a cave
« Reply #106 on: January 18, 2010, 12:25:20 pm »
C'mon, his exact words were "our Ponzi-style economy".  That sounds like the same thing to me.  The translation is that Bill Gross knows that this economy is a ponzi scheme and will end like all other ponzi-schemes!

Amazing you can read Bill Gross's mind..Do me a favor Mike find out what he is doing next so I can get in before him..This article was also written a YEAR ago and had ZERO impact on the bond and equity markets other than helping them to SOAR...Pimco bond funds are up %70 YTD on average as are the equity markets..So you think that Bill Gross thought that was a Ponzi scheme his company was investing in..LOL..Dream up another doomsday scenario..Go to that nitwit on infowars and maybe he can give you some ideas...LOL

What it really is is THEFT FROM THE MIDDLE CLASS!   The heads of these banks and many government officials should be in jail, or better yet, hanging from a lamp post in Times Square to send a message to other people who commit these CRIMES.  How many retirements have this scum destroyed?  


These things are inevitable..You should be angry at Barney Frank and Chuck Schumer for making the banking regulations so loose..And isnt it fair to say that the middle class used their homes as ATM machines for many years and were irresponsible with the money and deserve what they had to coming to them..I dont hear you complaining about all the RE newbies that YOU instructed to go the no money down route and they simply walked away when the going got too rough..I dont hear you blaming yourself at all..Yet you want to blame it on Wall street... I havent heard you go off on one of the many mortgage brokers we have here..Instead you waste everyones time with BS from idiotic websites that prey on morons with half a brain who frequent their sites to spew the same BS...Insult someone else's intelligence..
« Last Edit: January 18, 2010, 12:33:30 pm by rookieNYC »

Offline propertymanager

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Re: The End is Near ...Sell everything and build a cave
« Reply #107 on: January 18, 2010, 01:03:30 pm »
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Amazing you can read Bill Gross's mind..

I'm not reading his mind...I'm reading his WORDS!  He said "our ponzi-style economy".   How do you interpret that?  Does "our ponzi-style economy" say to you that he's predicting a huge new boom?  C'mon Rookie, at least be honest with what he's said.  If you disagree with Bill Gross or me or anyone else, that's fine.  But, let's not pretend that he was saying something other than what he actually said.

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This article was also written a YEAR ago and had ZERO impact on the bond and equity markets other than helping them to SOAR...Pimco bond funds are up %70 YTD on average as are the equity markets..

I doubt that this article had anything to do with the bond or equity markets going up.  What DID make the markets go up is that Bill Gross was right and the government has further perpetuated the biggest ponzi-scheme in history.  It's still going strong, as all ponzi-schemes do right up to the point that they collapse!

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You should be angry at Barney Frank and Chuck Schumer for making the banking regulations so loose..And isnt it fair to say that the middle class used their homes as ATM machines for many years and were irresponsible with the money and deserve what they had to coming to them..

AGREED 100%!!!

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I dont hear you complaining about all the RE newbies that YOU instructed to go the no money down route and they simply walked away when the going got too rough..I dont hear you blaming yourself at all..

I'm not aware of a single person that I "instructed" that walked away.  In fact, if they bought at a huge discount as I always advise, they should be doing just fine.  It's not how much money you put down, it's the amount you pay for the property compared to the rent.

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I dont hear you blaming yourself at all..

What am I to blame for?  I didn't make wreckless investments.  I pay all my bills on time.  The government didn't have to bail me out, as they did the big Wall St. firms that are too big to fail. 

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I havent heard you go off on one of the many mortgage brokers we have here..

Have any of the mortgage brokers on this site done anything wrong?  Who specifically do you want me to "go off on"?
www.1MinuteToRentalPropertyRichs.com 
This No-Hype, No-Nonsense Book is a step by step course in making money and building wealth with rental properties!  Everything from buying properties at a discount to dealing with terrible tenants.  Now In Paperback!

Offline allagash

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Re: The End is Near ...Sell everything and build a cave
« Reply #108 on: January 18, 2010, 01:29:36 pm »
sure miss the quick thinking of Ross Perot...

too bad he brought out that VP pick....he almost had us sold.

-Mike

Offline Bluemoon06

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Re: The End is Near ...Sell everything and build a cave
« Reply #109 on: January 18, 2010, 01:58:11 pm »
The thing is that if the economy collapses to the point that we are Mad Max or something the only thing of value will not be your gold, stocks or even you real estate it will be your guns, and your ability to dominate your fellow man and take his stuff (water, food, and women).
Real estate to Retire you
http://sphinxwealth.com/

Offline allagash

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Re: The End is Near ...Sell everything and build a cave
« Reply #110 on: January 18, 2010, 02:31:38 pm »
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Pimco bond funds are up %70 YTD on average as are the equity markets..

Always a good bull run somewhere:

http://www.masterdata.com/HelpFiles/ETF_List.htm

-Mike

Offline rookieNYC

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Re: The End is Near ...Sell everything and build a cave
« Reply #111 on: January 18, 2010, 03:02:02 pm »
Mike,
 Truth is you are reciting an article that is 1 year old and you twisted the meaning of the article to fit your nutcase agenda...You quote articles from idiotic websites that stoner college kids read who think 9/11 was an inside job..Im suppose to believe that a guy like Bill Gross who manages $100 BILLION dollars feels he is investing in a PONZI SCHEME..Are you kidding or delusional or both?...This guy would make Madoff look like Bambi if he followed that path..So its you that is twisting the article to fit your fanatical views..You constantly take aim at Wall street and the Federal Government while you make your living off section 8 tenants which is funded by the same Federal Government that you despise so badly..Yet you willingly take that handout every month and what makes you any different than the big banks..IMO you are losing out because you are making pi$$ in comparison and you are dealing with the scum of the earth..You should be embarrassed that you even frequent that idiotic website infowars..Its very existence is disrespectful to the 3000 Americans who died in 9/11..So keep posting articles from that website so I can take what you say even less seriously than I already do..

Offline propertymanager

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Re: The End is Near ...Sell everything and build a cave
« Reply #112 on: January 18, 2010, 04:16:17 pm »
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Truth is you are reciting an article that is 1 year old and you twisted the meaning of the article to fit your nutcase agenda

I don't know how I could be twisting the meaning of "our ponzi-style economy".  That seems pretty self-explanatory to me.

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Im suppose to believe that a guy like Bill Gross who manages $100 BILLION dollars feels he is investing in a PONZI SCHEME..

YES!  I think he's doing EXACTLY what he said in the article, which is to partner with the government and go along for the ride.

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This guy would make Madoff look like Bambi if he followed that path..

No, Gross isn't the one running the ponzi-scheme, the government is.  Furthermore, the article Mike (allagash) posted says that Gross is SELLING treasuries.

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So its you that is twisting the article to fit your fanatical views..

Apparently my views are not fanatical at all.  In fact, I agree 100% with Bill Gross that we have a "ponzi-style economy"!!!  On the other hand, maybe he's a fanatic too.

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Yet you willingly take that handout every month and what makes you any different than the big banks..

Actually, I don't take any handouts at all.  I provide a service to the government and get paid for it.  The Section 8 tenants ARE receiving a handout because they receive housing without working for it.  Likewise, the big banks are receiving handouts because they are receiving free money and then the government is paying them interest on that same money.  THEY AREN'T DOING ANYTHING TO EARN IT, it's just a handout!!!

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You should be embarrassed that you even frequent that idiotic website infowars..Its very existence is disrespectful to the 3000 Americans who died in 9/11

I don't frequent "infowars" and don't know anything about it.  If that's where the link was to the article you requested that I find for you, that's because it was the first one that came up when I googled it.  You could have simply googled it yourself.
www.1MinuteToRentalPropertyRichs.com 
This No-Hype, No-Nonsense Book is a step by step course in making money and building wealth with rental properties!  Everything from buying properties at a discount to dealing with terrible tenants.  Now In Paperback!

PositiveOutlook

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Re: The End is Near ...Sell everything and build a cave
« Reply #113 on: January 18, 2010, 04:40:38 pm »
Instead of Infowars as a straw-man, how about the man himself...

Investment Outlook
Bill Gross | January 2009
Andrew Mellon vs. Bailout Nation

http://74.125.47.132/search?q=cache:qu1Plb1bc7kJ:www.pimco.com/LeftNav/Featured%2BMarket%2BCommentary/IO/2009/IO%2BGross%2BJan%2B09%2BAndrew%2BMellon%2Bvs%2BBailout%2BNation.htm+bill+gross+ponzi+scheme&cd=6&hl=en&ct=clnk&gl=us

He makes very clear his opinion of Ponzi and how it applies...

"Now, with cash flow insufficient to meet current outflows, they are proving my point that we have met Mr. Ponzi and he is us – all of us: auto companies that siphoned sales dollars to make labor peace instead of research and design expenditures; hedge funds that preposterously billed investors for 2% and 20% of nothing; a President and politicians who thought they could fight a phony war for free and distract the nation’s attention from $40 trillion of future social security and health care liabilities. Ponzi, Ponzi, Ponzi. "

"For now, our Ponzi-style economy and its policy remedies encourage bond investors to mimic Uncle Sam and its global compatriots. Buy what they buy, but get there first. Andrew Mellon would surely have disapproved."

Offline rookieNYC

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Re: The End is Near ...Sell everything and build a cave
« Reply #114 on: January 18, 2010, 04:53:02 pm »
Now that Jack of all master of none has become involved in an issue where he has zero experience ..Your cut and pasting skills are second to none...Did you get my coffee yet?

Offline propertymanager

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Re: The End is Near ...Sell everything and build a cave
« Reply #115 on: January 18, 2010, 05:07:21 pm »
Why the personal attack?  How much experience does anyone need to be able to read what Bill Gross said?
www.1MinuteToRentalPropertyRichs.com 
This No-Hype, No-Nonsense Book is a step by step course in making money and building wealth with rental properties!  Everything from buying properties at a discount to dealing with terrible tenants.  Now In Paperback!

PositiveOutlook

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Re: The End is Near ...Sell everything and build a cave
« Reply #116 on: January 18, 2010, 06:21:59 pm »
RookieNYC,

"Now that Jack of all master of none has become involved in an issue where he has zero experience ..Your cut and pasting skills are second to none...Did you get my coffee yet?"

How juvenile...  guess the "jack of all master of none" did what you apparently couldn't do...  what, you don't get his newsletters oh master trader?...   :rolleyes    seems to me that since it said what Propertymanager said it said, and INFOWARS as well (not that I follow that website), that it would have been something you would have been familiar with since you follow him so religiously, oh master trader...

BTW, I got your coffee already... guess you missed it just like you missed the newsletter...  guess you really do need that coffee...   :beer

Offline rookieNYC

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Re: The End is Near ...Sell everything and build a cave
« Reply #117 on: January 18, 2010, 06:49:28 pm »
Jack of all master of none,
  When you do something that constitutes financial success in life then speak..Otherwise I dont listen to failures who stumble onto a RE forum to stir sh*t..You can say what you want point being that article was written a year ago..That is the reason why I missed it..You see while you were waiting for your mommy to make your dinner I was AWAY relaxing in a part of mexico..So JOAMON (Jack of all master of none) dont waste your time trying to irritate me like you do to others all to well..You bring nothing of value to these forums other than your combative attitude and posts..I have yet to see a single post of yours that helps anyone to make money ...If you havent noticed this is a website where people go to  make money or learn how to..Oh yeah I forgot ,you go to so many other forums to spread your vast wealth of financial knowledge :bs

The article that we are debating over obviously wasn't viewed as negative by the greatest judge of it...The equity and bond markets..Which soared YTD if you havent noticed..It doesnt surprise me that Mike needs and enjoys having you as his only support in this entire debate..It just shows his desperation for support by having to be mano y mano with a sh*t stirrer such as yourself who has zero accomplishments in his life other than using his google search bar...And fwiw I'm an option strategist..
« Last Edit: January 18, 2010, 07:04:21 pm by rookieNYC »

PositiveOutlook

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Re: The End is Near ...Sell everything and build a cave
« Reply #118 on: January 18, 2010, 08:33:00 pm »
RookieNYC,

"When you do something that constitutes financial success in life then speak.."

I don't have an inferiority complex like you, but let's have some fun... let's hear your definition of "financial success"... 

"Otherwise I dont listen to failures who stumble onto a RE forum to stir sh*t.."

Failure, huh?  And you are basing this on what data... common, you are a trader, what DATA do you have to back that up OTHER THAN WORDS, which as we can see flow out of your mouth like diarrhea but contain very little substance...

"You can say what you want point being that article was written a year ago..That is the reason why I missed it.."

Let's get this right... you follow Bill Gross religiously, and yet you missed HIS newsletter discussing this???  That website you tried to debase caught it, and you didn't???  LOL.... Maybe you have long-term memory issues...  What you missed, was that he ALSO talked about it before on different occasions... of course, you being "financially successful" and all SHOULD know this already without someone you define as NOT being "financially successful" having to take you by the hand and lead you to it... 

"You see while you were waiting for your mommy to make your dinner I was AWAY relaxing in a part of mexico..So JOAMON (Jack of all master of none) dont waste your time trying to irritate me like you do to others all to well.."

LOL... and you took time AWAY from your family "relaxing" getting irritated by someone you say is a JOAMON???  GREAT use of your time in MEXICO!!!!    :beer   Do even realize how ridiculous that sounds???  Yeah, what a GREAT vacation that must be for your family, watching you type away defending the indefensible...  GET SOME PERSPECTIVE Rookie...  a little of your "semi-vacationing", eh?  Can you start to imagine semi-retirement yet???  LOL...

"You bring nothing of value to these forums other than your combative attitude and posts.."

Looks like I just brought the newsletter from Bill Gross which PROVES you were WRONG... so while I can see how you would think something that proves you wrong would be of no value, believe me, oh great trader, it's of VALUE to others...    :biglaugh :lol

"I have yet to see a single post of yours that helps anyone to make money ...If you havent noticed this is a website where people go to  make money or learn how to..Oh yeah I forgot ,you go to so many other forums to spread your vast wealth of financial knowledge bs"

I have already said I am not a real estate expert, but Random Ramblings is not about that now is it... 

"The article that we are debating over obviously wasn't viewed as negative by the greatest judge of it...The equity and bond markets..Which soared YTD if you havent noticed.."

Now that wasn't your argument now was it...  YOU said Bill Gross wasn't saying what he INDEED said... keep trying to distract everyone from your obvious embarrassing flub...  I can't believe you didn't even do a quick Google search on it...  All you had to do is type Bill Gross Ponzi and it autofills the rest...  BTW, when it autofills, that means it a COMMON SEARCH item oh great master trader...

You could have also EASILY just gone to PIMCO's website....  www.pimco.com and used THEIR search engine and typed in "ponzi"...  LOL

"It doesnt surprise me that Mike needs and enjoys having you as his only support in this entire debate..It just shows his desperation for support by having to be mano y mano with a sh*t stirrer such as yourself who has zero accomplishments in his life other than using his google search bar...And fwiw I'm an option strategist.."

LOL.... you REALLY think that just because YOU say I haven't accomplished anything in life that makes it so???  LOL...  you are more arrogant than I thought...  Tell you what Rookie, why don't you tell me ALL that I've accomplished... otherwise, ANOTHER empty assertion.... 

And the sad thing is, no matter how much you try to belittle me, it shows how lame your assertions are as that means that you continue to "waste your time" on me while on VACATION with your family in MEXICO...  what does that say about you???!!!   :biglaugh :lol

You not only demonstrate your arrogance, but simple linear thinking in the process and your insecurity that you felt the need to even address any of this WHILE IN MEXICO...   :bs

Just curious, wouldn't it have been easier to just say - "Didn't catch that... thanks for the info"...

All I did was post BILL GROSS' own newsletter since you didn't like the infowars.com website...  think about it a little, Rookie...

Offline rookieNYC

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Re: The End is Near ...Sell everything and build a cave
« Reply #119 on: January 18, 2010, 08:52:40 pm »
Jack of all master of none,
  I meant last year I was in Mexico when that article came out,boy wonder...

Oh and how is that cottage that has been taking you 2 years to rehab and realize that you can't cashflow it?...Anymore financial advice almighty one??...Anytime you are in or around NY you can IM and I would be glad to show what I do for a living in the real world..The internet is not my life unlike you..And yes I will continue to belittle you..You are a failure and everyone who reads your posts knows this..You have achieved nothing but a status of being an annoying failure on a site that has many successful people..When someone is more successful you downplay it,but you come across like you are so in the know..I can google anything and it will come up with something..Like I said all you know how to do is use your google search bar..Say what you want about this ridiculous article..Fact of the matter is while you were sitting in your failed BS cottage figuring a way to make $150 per month from it I was pulling down 7 digits in the REAL WORLD..Like I said anytime you are in NY IM me and I would be more than happy to show you what I do and how I do it...Infact I would even pay for your $2 a$$ to fly out here from anywhere in the US you are...You arent man enough to take me up on that offer because you cant hide behind your computer..When you grow a set of ball$ my offer stands..
« Last Edit: January 18, 2010, 08:54:51 pm by rookieNYC »

 




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