tag:blogger.com,1999:blog-3034901630224544639.post6484186104635997199..comments2024-02-23T05:16:46.265-05:00Comments on Along The Watchtower: The Tipping PointTurd Fergusonhttp://www.blogger.com/profile/03393759110641882003noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-3034901630224544639.post-50807664288037002832010-12-01T01:11:17.903-05:002010-12-01T01:11:17.903-05:00Let's see bubbles I have a house, property, fo...Let's see bubbles I have a house, property, food, guns and ammo a bit of silver, So exactly what informed decisions should I make?Adventures in Self Reliancehttps://www.blogger.com/profile/11992613362743785392noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-46667155614770293522010-12-01T01:06:15.343-05:002010-12-01T01:06:15.343-05:00Well Bubbles since you are so much smarter than I ...Well Bubbles since you are so much smarter than I am what's your bet for making money? I'm still learning. I'm sure many want to know your money maker. Perhaps you will want to quantify "informed descions". Since I am to dumb and misinformed to understand what that means. I'm just learning and I'm sure that you are smart enough to explain it to me <br />I'll never have to rely on zerohedge or the turd for info cause you are better than them at the markets.Adventures in Self Reliancehttps://www.blogger.com/profile/11992613362743785392noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-4030258167150645872010-11-29T01:02:06.073-05:002010-11-29T01:02:06.073-05:00Adventures in Self Reliance, you can protect yours...Adventures in Self Reliance, you can protect yourself and be a better person making informed decisions. One does not exclude the other.Bubbles, bubbles everywhere!https://www.blogger.com/profile/02565532253083323893noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-27442473142246129062010-11-29T00:52:31.964-05:002010-11-29T00:52:31.964-05:00Nice bubbles attack me and my comments who is lear...Nice bubbles attack me and my comments who is learning instead of turd. That's okay I got food, silver and guns. I can defend myself what you got?Adventures in Self Reliancehttps://www.blogger.com/profile/11992613362743785392noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-926612306533146712010-11-29T00:46:45.317-05:002010-11-29T00:46:45.317-05:00Damn bubbles i thought all I was doing was being s...Damn bubbles i thought all I was doing was being smart and protecting myself. I didn't know I was supposed to save the whole damn world. I guess that is above my pay grade. I'll leave saving the world to you bubbles.Adventures in Self Reliancehttps://www.blogger.com/profile/11992613362743785392noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-39302306265887049042010-11-29T00:35:28.211-05:002010-11-29T00:35:28.211-05:00Adventures in Self Reliance, the problem is one of...Adventures in Self Reliance, the problem is one of semantics and breadth. You think flipping a house for a profit is "economics". It is not. Neither is being ahead of every crash. Economics is much more than that. A little knowledge is a dangerous thing, just like knowing how to apply a band aid doesn't make you a doctor. I will not give you other websites, those you can find on your own, but since you have already have a little history and physics knowledge, perhaps now you can continue to hone your analytical skills with some philosophy, psychology, literature, languages, etc. You see, it's not about flipping property, that's what got is in this mess to begin with; it's about being better human beings.Bubbles, bubbles everywhere!https://www.blogger.com/profile/02565532253083323893noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-57325754896136268032010-11-29T00:27:49.639-05:002010-11-29T00:27:49.639-05:00I'm learning I admit that. I think I'm fai...I'm learning I admit that. I think I'm fairly intelligent, and I know I don't know enough. Yet I bought a house for $64 grand sold it for $99 grand. I'm not underwater on my house. I'm in an urban area yet protected by an Historic district designation. I'm 6 blocks from grocery stores my credit union and the local pawn shop. He sells silver and guns and ammo. If he is raided he really thinks there will be a flood and fire in his store. That would be terrible, and quite possible he is next to a canal. <br />Turd can defend himself easily by his record. I don't have to defend myself since I'm a disabled vet.well armed have 3 years of food and probly more silver than you thought. <br /> But go ahead bubbles and make a call....Adventures in Self Reliancehttps://www.blogger.com/profile/11992613362743785392noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-88664878641059654152010-11-29T00:01:13.833-05:002010-11-29T00:01:13.833-05:00Since I didn't go to college and went into the...Since I didn't go to college and went into the Army and learned the truism if it's stupid an it works it ain't stupid. I have been ahead of every crash becuase of a little history knowledge, a little physics and getting the snot beat out of me. I made $30,000 out of flipping a house right before the market tanked. It would have been great if I relised I could become 100% disabled and planned for that as well. I didn't instead of a $34,000 profit I paid my bills kept my home and paid off my parents that helped me out.<br />Bubbles if you have better websites than Zerohedge for trends and info. Or if you are better than Turd at calling the metals or any market please give me a site and a history of how right you are at calling the markets. I'm sure you will get many followers since you are always right and so much smarter than I am.Adventures in Self Reliancehttps://www.blogger.com/profile/11992613362743785392noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-20277742777046551762010-11-28T21:29:06.779-05:002010-11-28T21:29:06.779-05:00"I have really learned a lot in my "Cras..."I have really learned a lot in my "Crash course" in economics."<br /><br />It is not called the "dismal science" science for nothing. But in all honesty, learning economics from Zerohedge is like learning medicine from The National Enquirer.Bubbles, bubbles everywhere!https://www.blogger.com/profile/02565532253083323893noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-32482037713946925002010-11-28T19:34:55.546-05:002010-11-28T19:34:55.546-05:00I want to thank you for this blog and all of your ...I want to thank you for this blog and all of your comments at Zerohedge. I have really learned a lot in my "Crash course" in economics.<br />I'm on disability and can only invest a little bit of money compared to most folks, but I get silver every month.Adventures in Self Reliancehttps://www.blogger.com/profile/11992613362743785392noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-51897888895307515022010-11-28T17:40:02.337-05:002010-11-28T17:40:02.337-05:00Narcolepzzzzzz, thanks for the link! Really intere...Narcolepzzzzzz, thanks for the link! Really interesting read!Frankhttps://www.blogger.com/profile/12976682869959315764noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-81018884610300383572010-11-28T14:47:27.781-05:002010-11-28T14:47:27.781-05:00Thank you all for your comments.
If you haven'...Thank you all for your comments.<br />If you haven't seen this yet on ZeroHedge, please take a moment to read it. It could have been written by Turd himself.<br /><br />http://www.zerohedge.com/article/fake-bogeymen-and-artificial-securityTurd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-32103609253519906862010-11-28T14:09:19.473-05:002010-11-28T14:09:19.473-05:00One of the best articles of the last few years was...One of the best articles of the last few years was Lewis's 'The End of Wall Street' in Portfolio magazine. Well worth a read for anyone who missed it:<br /><br />http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom/Narcolepzzzzzzhttps://www.blogger.com/profile/03061238997605109814noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-19770036639230043512010-11-28T13:52:31.694-05:002010-11-28T13:52:31.694-05:00Whenever destroyers appear among men, they start b...Whenever destroyers appear among men, they start by destroying money, for money is mens' protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: 'Account overdrawn'.<br /><br />Francisco d'AnconiaMarcushttps://www.blogger.com/profile/06784002654652573172noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-26990519328868980362010-11-28T13:50:48.039-05:002010-11-28T13:50:48.039-05:00This comment has been removed by the author.Marcushttps://www.blogger.com/profile/06784002654652573172noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-45694422464013272822010-11-28T13:12:20.151-05:002010-11-28T13:12:20.151-05:00Good work!
I figured 1st time that something was ...Good work!<br /><br />I figured 1st time that something was wrong as I began to see the difference in interest rate between private consumer credit and central bank interest. If you're a consumer you pay 5-6%, but only if you can ensure that you would earn the very same amount in the next year anyway (proving thereby that you actually don't need the money). If, on the other side, you're a bank able to borrow for 1% you don't have these nasty creditworthiness stuff, all you need (here in Germany) is an academic degree in economy, 5 million Euros and "financial experience" demonstrated by having been part of the higher management of an existing bank.<br />I am much more creditworthy than most investment banks out there, but they get bailed out after having burned their cheap money, while poor Ottonormalbürger (J6P) has to hand over the first 4-5% of interest to the bank.<br />This also means that if you have less than 5 million, your money stays your money, while if you have more than 5 million, you have 10 times your money due to fractional reserve banking.<br /><br />To summarize, once you have a bank, you have actually multiplied you money by factor 10 and may arb on stupid non-banks.<br />If there weren't so many artificial obstacles for founding a bank, game theory predicts that everybody would found his own bank in due time and contribute thereby to a quick system failure.Danielhttps://www.blogger.com/profile/05671043146569168617noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-75960301620758272352010-11-28T12:29:51.690-05:002010-11-28T12:29:51.690-05:00I always enjoy your articles. Another fine read to...I always enjoy your articles. Another fine read today.<br /><br />For me, somewhere after the recession of 2000, my industry never returned to feeling right. That, combined with some personal experiences in anti-family court (where the opposite of truth prevails) convinced me that things were seriously wrong with our society. When I found out the truth about fiat currency it all clicked. Corruption has grown like a virus... become rampant and even accepted at high levels. <br /><br />I think either we face a quick domino type debt collapse world-wide or a slow hyperinflation nightmare. I pray every day - I prefer the quick collapse. It's a better outcome - for all of us. Because then, we can rebuild.Jackhttps://www.blogger.com/profile/09362531731591597011noreply@blogger.com