RE: The Second Wave of Foreclosures

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popeye1250 -> RE: The Second Wave of Foreclosures (12/18/2008 4:17:36 PM)
quote: ORIGINAL: SilverMark If you care to own the block I live on....you'd better save a lot of Kruggerands... I know you think NONE of us will survive the future but there are some who can and will. I second that. I don't see an end of demand for goods and services or new cars, things like that. Hell, if some of the doom and gloomers would treat themselves and go out and buy themselves a new car or truck they'd feel better and it would help the economy! Hurry up! Go spend that money that you say is going to be worthless NOW!!! Buy a new Cadillac or Lincoln with all the bells and whistles and when things go "south" you can just tell the credit companies to go fuck themselves, right? After all they won't care anyway if your scenario works out right? C'mon doom and gloomers, lets see a little * "committment"* here on your parts! You can't go through life being a "bullshitter" can you? I think that's one of the last "SIGNS" that doomsayers start spending all their money anyway so lets see what you pantywaistes can do! I want to see some SPENDING out of you panseys! Get thee down to your nearest car dealer and SPEND that worthless money! Don't get the 17 inch tires get the "TWENTYS"! Hey, if there's not going to be a tommorrow then get out there and SPEND like there's no tommorrow you pussys!

TNstepsout -> RE: The Second Wave of Foreclosures (12/18/2008 4:20:55 PM)
quote: ORIGINAL: pahunkboy All right smarty pants. And this goes to ALL of the non-answere posts, that are sarcastic, mocking, inconsiderate, boorish, unsubstantiated. Y'all have no proof that today is tomorrow is next month is next year. NONE. If I had any idea what you were saying I could decide if I agree or disagree with you.

OneMoreWaste -> RE: The Second Wave of Foreclosures (12/18/2008 4:27:53 PM)
quote: ORIGINAL: truckinslave The markup on guns may be smaller than you think.[;)] I get catalogs from several of the wholesalers- at least in my area, the markup in firearm retail is a hell of a lot higher than it is in my business! [:-] Now ammunition, that would have been a good investment a couple years back, because it's gone off the rails since Obama. Haven't decided how much room it still has. I like silver. I like gold, but I think the gold bugs are a bit unhinged (and that's even before you get into the rabid anti-Semitism that seems to tag along). At least you can wipe your ass with Federal Reserve notes; unless you're a dentist, there isn't a lot you can actually do with gold if it comes down to bartering for necessities. Me, I'm considering a cash-out refinance to free up money to buy land if the foreclosure wave ever hits my area... I keep hearing all this FUD, but I'm driving 30 miles a day and not seeing a one. Come on, ya deadbeats... Uncle Wastie needs some more garage space!!

thornhappy -> RE: The Second Wave of Foreclosures (12/18/2008 8:13:17 PM)
quote: ORIGINAL: TNstepsout What makes you think gold is worth anything? What real value does gold have? It's superconductive and used in some technical applications, but other than that, it's just a shiny metal. It's a good conductor (which is why it's used in a lot of electronics), but it's not a superconductor. thornhappy the engineer

UncleNasty -> RE: The Second Wave of Foreclosures (12/18/2008 8:32:44 PM)
quote: ORIGINAL: Steponme73 We have only seen the tip of the iceberg as far as foreclosures go. In the coming months there will be tens of thousands more. When all the ARM's hit it will be a real mess. Hang folks we are in for a bumpy ride! Tens of thousands? Millions is a much more accurate number. And HK, I put links in some of my posts. I'm not so inclined to spend the time and effort doing that anymore as it seems so few check them out. They follow that by offering comments stating the information they didn't look at couldn't possibly be accurate. My researched and learned posts tend to be on the housing and foreclosure issue. Acting pro se, having kept the case going for over a year, researched countless hours, I'm approaching expert witness status. MM. Thanks. Surgery a month ago on my left wrist that hopefully will finaly clear up the lingering injuries from the accident of 10-30-07 (not a typo - really 2007). No good estimate on the rehab time table. 6 - 12 weeks, maybe more. At least I'm typing with one hand and a couple of fingers now, LOL. Doubtful my posts will improve though. Still the same brain and heart. Uncle Nasty

MzMia -> RE: The Second Wave of Foreclosures (12/18/2008 8:38:41 PM)
quote: ORIGINAL: UncleNasty quote: ORIGINAL: Steponme73 We have only seen the tip of the iceberg as far as foreclosures go. In the coming months there will be tens of thousands more. When all the ARM's hit it will be a real mess. Hang folks we are in for a bumpy ride! Tens of thousands? Millions is a much more accurate number. And HK, I put links in some of my posts. I'm not so inclined to spend the time and effort doing that anymore as it seems so few check them out. They follow that by offering comments stating the information they didn't look at couldn't possibly be accurate. My researched and learned posts tend to be on the housing and foreclosure issue. Acting pro se, having kept the case going for over a year, researched countless hours, I'm approaching expert witness status. MM. Thanks. Surgery a month ago on my left wrist that hopefully will finaly clear up the lingering injuries from the accident of 10-30-07 (not a typo - really 2007). No good estimate on the rehab time table. 6 - 12 weeks, maybe more. At least I'm typing with one hand and a couple of fingers now, LOL. Doubtful my posts will improve though. Still the same brain and heart. Uncle Nasty Please! Don't tell me this, I only want to read about good news! I am tired of you "sky is falling people"! Everything is just fine, damn it! I am going to just cover my eyes and ears, and not read OR listen to ALL the people that are saying the same types of things![sm=news.gif]

NormalOutside -> RE: The Second Wave of Foreclosures (12/18/2008 8:50:27 PM)
Yikes, alarming... and real. I support currency backed by gold and silver.

UncleNasty -> RE: The Second Wave of Foreclosures (12/18/2008 8:58:13 PM)
MzMia, Ayn Rand had a quote I love. "You can evade reality but you can't evade the consequences of evading reality." Quick research reveals almost 270,000 foreclosures in '06, and 405,000 in '07. It will be a while before they are complied for '08 but indications are it will more than double. If this trend maintains it isn't unreasonable to expect in excess of 2,000,000 in '09. That will be just over 3.5 million in 4 years. If an average family is 4 then the number of people directly displaced is 14,000,000. No, I'm not posting any links. Uncle Nasty

MzMia -> RE: The Second Wave of Foreclosures (12/18/2008 9:09:37 PM)
quote: ORIGINAL: UncleNasty MzMia, Ayn Rand had a quote I love. "You can evade reality but you can't evade the consequences of evading reality." Quick research reveals almost 270,000 foreclosures in '06, and 405,000 in '07. It will be a while before they are complied for '08 but indications are it will more than double. If this trend maintains it isn't unreasonable to expect in excess of 2,000,000 in '09. That will be just over 3.5 million in 4 years. If an average family is 4 then the number of people directly displaced is 14,000,000. No, I'm not posting any links. Uncle Nasty Uncle Nasty it is all over, and right in most of our faces. I ride past so many for sale and foreclosure signs in yards on the way to work, in fairly nice neighborhood's, it is depressing. Daily I read stories like this one. This woman COULD pay her mortgage but walked away because she could not afford food for herself and her cat. Grim choice: Walking away from a mortgage - Mortgage Mess- msnbc.com But I will not and DO NOT believe it! I am tired of you damn gloom and doom people. Our economy is fine, the housing industry is fine and the sky is not falling!

OneMoreWaste -> RE: The Second Wave of Foreclosures (12/18/2008 9:32:56 PM)
quote: ORIGINAL: MzMia But I will not and DO NOT believe it! I am tired of you damn gloom and doom people. Our economy is fine, the housing industry is fine and the sky is not falling! And Santa Claus is going to bring you a LearJet, so you can fly off to Maui through that not-falling sky and be served drinks with umbrellas in them by studly cabana boys who wait on you hand and foot, right? [:D]

MzMia -> RE: The Second Wave of Foreclosures (12/18/2008 9:36:00 PM)
quote: ORIGINAL: OneMoreWaste quote: ORIGINAL: MzMia But I will not and DO NOT believe it! I am tired of you damn gloom and doom people. Our economy is fine, the housing industry is fine and the sky is not falling! And Santa Claus is going to bring you a LearJet, so you can fly off to Maui through that not-falling sky and be served drinks with umbrellas in them by studly cabana boys who wait on you hand and foot, right? [:D] Everything is fine damn it. Our economy is fine, the housing industry is fine, Wall Street is fine, and the job market is fine,also. [;)] We are not on the brink of the next Depression. Damn skippy I am off to Maui! I need 2 half naked cabana boys.[:D]

bluepanda -> RE: The Second Wave of Foreclosures (12/18/2008 9:42:50 PM)
quote: ORIGINAL: MzMia Everything is fine damn it. Our economy is fine, we are not on the brink of the next Depression. Damn skippy I am off to Maui! I need 2 half naked cabana boys.[:D] Leaner times are upon us. A single fully naked cabana boy would be more economical, n'est ce pas?

MzMia -> RE: The Second Wave of Foreclosures (12/18/2008 9:49:45 PM)
quote: ORIGINAL: bluepanda quote: ORIGINAL: MzMia Everything is fine damn it. Our economy is fine, we are not on the brink of the next Depression. Damn skippy I am off to Maui! I need 2 half naked cabana boys.[:D] Leaner times are upon us. A single fully naked cabana boy would be more economical, n'est ce pas? Good point, I will just take 1 naked cabana boy. I am willing to sacrifice for the good of my country. I will give the other cabana boy to the woman who just foreclosed on her home so she could feed herself and her cat. [;)]

ArizonaSunSwitch -> RE: The Second Wave of Foreclosures (12/18/2008 11:12:47 PM)
quote: ORIGINAL: popeye1250 Wow, all this negativity, I like it! The markets climb a "wall of worry." You forget that Obama is going to have a massive rebuilding program in this country that will put tens of millions of people to work. That will be good for everyone; the people, large and small companies, our deteriorating infrastructure, the stock and bond markets. And he is going to raise taxes to pay for each one of those federal jobs which is going to cause far more than a one to one job loss in the private sector. And he knows it. Which is why he specifically says his programs will create 2 million jobs or result in 2 million less job losses. He's completely thrown out accountability. No matter what happens he's going to say "It would be two million jobs worse". Everyone that disagrees with this will be called a partisan or racist or worse. In your state, when you drive by a highway (ie government) construction site, is everyone there working ? From what I can see, there's usually 10 guys bullshitting and one poor sap putting in a mediocre physical performance. Is your local post office or your local Costco the paragon of productivity in your area ? How exactly is taking more money from the private sector (where you either perform or get canned (unless you're a UAW member)) and using it to create mostly busy-work jobs for leftist cronies going to help the economy ? The New Deal didn't get us out of the depression. It was the fact that damn near every man and woman who wasn't off to war putting in 16 hour days working that lifted us from that abyss. The more debt the government issues the less capital there is available for private sector businesses. That's the opportunity cost of government pork in any time period. The last thing we need in this economy is a trillion dollars of construction money PORK. And another trillion dollars in "stimulus" PORK. God knows not a freaking dime will be spent on something that actually would have a long term positive effect on the economy (Like greater refinery and crude oil production capacity). The great irony is that action would cost the taxpayer hardly anything as it would happen with just regulatory changes. Alas, crude oil is more likely to start squirting out of my ass than those regulatory changes occuring. All those new roads will be great though. They'll hardly be any congestion at all after all those construction programs finish, especially with all of us pedalling bicycles.

ArizonaSunSwitch -> RE: The Second Wave of Foreclosures (12/18/2008 11:23:14 PM)
quote: ORIGINAL: UncleNasty MzMia, Ayn Rand had a quote I love. "You can evade reality but you can't evade the consequences of evading reality." A is A brother. The consequences piss me off because they never limit themselves to the A is B crowd. Which, therefore, gives the superficial impression that A is A doesn't matter and makes it harder for the A is B crowd to grow a clue.

Hippiekinkster -> RE: The Second Wave of Foreclosures (12/18/2008 11:50:42 PM)
quote: ORIGINAL: ArizonaSunSwitch And he is going to raise taxes to pay for each one of those federal jobs which is going to cause far more than a one to one job loss in the private sector. And he knows it. Which is why he specifically says his programs will create 2 million jobs or result in 2 million less job losses. He's completely thrown out accountability. No matter what happens he's going to say "It would be two million jobs worse". Everyone that disagrees with this will be called a partisan or racist or worse. I'm sure you have some link to him explicitly saying his programs could result in 2MM fewer jobs. The word is "fewer", not "less". Moving right along, quote: In your state, when you drive by a highway (ie government) construction site, is everyone there working ? From what I can see, there's usually 10 guys bullshitting and one poor sap putting in a mediocre physical performance. Nothing like a little hyperbole to incite the masses. I don't know how old you are and I don't care. When I was 20, 21, around that age, I built tennis courts. By that I mean we leveled. filled in depressions, put the coatings on, sank the posts, and striped them at the end. When we put the coatings on (we used "Plexipave" from California Products") only I and another could get out there with squeegees at the same time. The other 3 or 4 guys were rolling tubs of stuff off the truck, mixing it up with a big drill, running it out to the court in wheelbarrows, etc. At any gien time, it would look like half of us were fucking off. Hardly the case. By your remark I'm guessing you've led a sheltered life with little physical labor to put bread on the table. quote: Is your local post office or your local Costco the paragon of productivity in your area ? Costco is private. USPS is quasi-public. Apples and bricks. quote: How exactly is taking more money from the private sector (where you either perform or get canned (unless you're a UAW member)) and using it to create mostly busy-work jobs for leftist cronies going to help the economy ? Now we see your real agenda. "Leftist cronies". You could not care less about discussing the efficiency and efficacy of the public sector vs. the private. Your agenda is "Gummint BAD!" quote: The New Deal didn't get us out of the depression. It was the fact that damn near every man and woman who wasn't off to war putting in 16 hour days working that lifted us from that abyss. I'll refer you to MzMia's thread on the history of labor in the US to give you the opportunity to correct your misinformation. quote: The more debt the government issues the less capital there is available for private sector businesses. That's the opportunity cost of government pork in any time period. The last thing we need in this economy is a trillion dollars of construction money PORK. And another trillion dollars in "stimulus" PORK. God knows not a freaking dime will be spent on something that actually would have a long term positive effect on the economy... SO pouring a trillion dollars into the bottomless pit of Wall Street Bank greed, malfeasance, theft, fraud, whatever, is fiduciary responsibility? Really? Okey doke. quote: (Like greater refinery and crude oil production capacity). Which has what to do with anything? quote: The great irony is that action would cost the taxpayer hardly anything as it would happen with just regulatory changes. Alas, crude oil is more likely to start squirting out of my ass than those regulatory changes occuring. Why do you believe the US can drill its way out of financial collapse? I REALLY want to hear this one. quote: All those new roads will be great though. They'll hardly be any congestion at all after all those construction programs finish, especially with all of us pedalling bicycles. Nothing your ideological associates have done has had any benefits for the majority of Americans. You people on the right have ZERO credibility. The right has taken a once-vibrant nation and run it into the ground. And we are supposed to listen to your goofy shit AGAIN? Hahahaha [sm=banana.gif][sm=banana.gif][sm=banana.gif][sm=banana.gif][sm=banana.gif][sm=banana.gif][sm=banana.gif]

pahunkboy -> RE: The Second Wave of Foreclosures (12/19/2008 6:58:00 AM)
quote: ORIGINAL: UncleNasty quote: ORIGINAL: Steponme73 We have only seen the tip of the iceberg as far as foreclosures go. In the coming months there will be tens of thousands more. When all the ARM's hit it will be a real mess. Hang folks we are in for a bumpy ride! Tens of thousands? Millions is a much more accurate number. And HK, I put links in some of my posts. I'm not so inclined to spend the time and effort doing that anymore as it seems so few check them out. They follow that by offering comments stating the information they didn't look at couldn't possibly be accurate. My researched and learned posts tend to be on the housing and foreclosure issue. Acting pro se, having kept the case going for over a year, researched countless hours, I'm approaching expert witness status. MM. Thanks. Surgery a month ago on my left wrist that hopefully will finaly clear up the lingering injuries from the accident of 10-30-07 (not a typo - really 2007). No good estimate on the rehab time table. 6 - 12 weeks, maybe more. At least I'm typing with one hand and a couple of fingers now, LOL. Doubtful my posts will improve though. Still the same brain and heart. Uncle Nasty If you mean carpal tunnel, I wish I could get the surgery. I went thru the shots, PT, the splint, the nerve test. even at that they want me to see an orthopedic DR. not a surgeon. WHY? so they can do more silly PT...my guess.

pahunkboy -> RE: The Second Wave of Foreclosures (12/19/2008 7:07:31 AM)
quote: ORIGINAL: TNstepsout quote: ORIGINAL: pahunkboy All right smarty pants. And this goes to ALL of the non-answere posts, that are sarcastic, mocking, inconsiderate, boorish, unsubstantiated. Y'all have no proof that today is tomorrow is next month is next year. NONE. If I had any idea what you were saying I could decide if I agree or disagree with you. TN, I enjoy your posts. None of us really know what we are in for. Unless you lived in Germany 1923....or the like. Those bad people ya know, in greece, or is it france, or maybe it is argentina, or was it indonesia, ...well those uncooth unsophisticated buffoons can possibly ever be as untouchable as the Americans. We are far to rich to ever have our money taken from us. And since it cant happen, we will never ever ever be in the streets. (coughs) My point is- there is a pipeline. maybe it is 5 days to send a pacage, a month to produce it, 3 years to build the plant. So we falsely assume that the pipeline ...that our distractable attention span, that what we see right now- is what conditons will be in a few months. Consider the just in time deleivery of goods and services. Ok- if a flu outbreak would bring the sytem to its knees, what happens when the govt is playng games with the money. ??? the money supply has doubled in 6 weeks. a new wheat crop did not pop up. a new pot of gold did not magincally appear. and yet zillions of US dollars, has appeared by magic. no additional wheat crops. we have the saqme amount of wheat that we had before. not more.

Truthiness -> RE: The Second Wave of Foreclosures (12/19/2008 7:10:29 AM)
quote: ORIGINAL: Hippiekinkster I'm sure you have some link to him explicitly saying his programs could result in 2MM fewer jobs. The word is "fewer", not "less". Moving right along, Of course, if you actually wouldn't misread what he said, you wouldn't need to ask for a link. Let's examine what he said again - quote: Which is why he specifically says his programs will create 2 million jobs or result in 2 million less job losses. As we know, 2 million fewer jobs (your words) is the opposite of 2 million less job losses. (His words). Oh, and amusingly - When you say "The word is "fewer", not "less""...have you looked in a dictionary lately? One of the definitions of "less" is "fewer", and definitions of both are "of a smaller amount or quantity." quote: SO pouring a trillion dollars into the bottomless pit of Wall Street Bank greed, malfeasance, theft, fraud, whatever, is fiduciary responsibility? Really? Okey doke. Did he actually say that? Or is this an example of a strawman argument? Okey dokey. This lesson in reading was brought to you by the letter Q and by the number 3. ;)

pahunkboy -> RE: The Second Wave of Foreclosures (12/19/2008 7:15:21 AM)
walmart is a mute point. ...that ship has sailed. best to move on the other "issues". the matter is colony of globalisation. VS tribe/nation state the larger picture is the globalists are taking over everything. and we are letting them. so what to do about it.

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