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Author Topic: Peter Schiff predicts doom
Propertymanager
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quote:
Especially when you yourself are promoting a book that states "1 Minute to Rental Property Riches"!
If you did just A LITTLE bit of reading, you would have understood that the title "1 Minute to Rental Property Riches" is meant to be sarcastic. It flies in the face of all the "gurus" that promote the get rich quick without work nonsense! My webpage says "In this book, I will tell you the truth as I know it. It won’t be sugar coated and there won’t be any hype. I won’t be politically correct and some people may even be offended by the truth. Starting a rental business, or any business is difficult. The vast majority of people who try to start any business will fail in a very short period of time. If you are to succeed, you MUST have the facts -- NOT A BUNCH OF MOTIVATIONAL NONSENSE! All the motivation in the world won’t keep you in business if you don’t have the cash flow!"

quote:
i was negative about the rate of growth in RE prices, but i never expected to see them drop like this, this drop equates to the Great Depression, and that's not a bubble...
...and that kind on irrational denial is exactly why you don't understand that the economy is going to collapse under the weight of all the promised socialist entitlements that we can't afford and all the other overspending. That will make the housing crisis look like a party.
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bdgee
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"The vast majority of people who try to start any business will fail in a very short period of time."

Yes, and as you have so often and bluntly explained, they are deadbeat lazy lefty wackos and deserve it. Had they only been willing to work hard instead of being lazy good for nothing socialist, sitting around on their wacko lefty butts waiting for the government to give them a handout, they would have been successful and either be rich already or well on the way.

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bdgee
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"..and that kind on irrational denial is exactly why you don't understand that the economy is going to collapse under the weight of all the promised socialist entitlements that we can't afford and all the other overspending. That will make the housing crisis look like a party."

And, of course, you, able to not only understand that the fall is inevitable, you know exactly when are cashing out here and heading for some more favorable country to live in and be rich. I'm told that Argentina and Bolivia still looks favorably on your kind.

Yaw'll haben eine gute Zeit in Ihrem neuen Zuhause.

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buckstalker
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Would you guys please STOP responding to this sociopaths posts...PM IS NOT going to learn anything here and if we all just ignore the stupid, soulless, classless POS maybe it will go away...

I personally won't even consider reading his canned far right wing bullsh!t posts any more....he has the intelligence of a one celled non-thinking micro-organism...and the integrity of a maggot!

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***********************

It's all in the timing...

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IWISHIHAD
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Quote Propertymanager:

If you did just A LITTLE bit of reading, you would have understood that the title "1 Minute to Rental Property Riches" is meant to be sarcastic.

_________________________________________________

Your "trying" to be sarcastic toward other quick buck opportunities, yet you are pretty much saying the same things. That was your leader in, 1 minute to riches.

"Be FREE from a Regular Work Schedule"
"Are you sick and tired of working a 9 to 5 job?"
"Did you know that there are more than SEVEN MILLION MILLIONAIRES in the United States and that many of those millionaires made their money with real estate?
YOUR FREEDOM to make as much money as you’re willing to EARN as a rental property business owner."

These statements above remind me of companies and their PR's and following the pr they use the term Forward Looking Statements.


There are plenty of millionaires that have made it in all types of Real Estate.

Many many more have failed pursuing that dream!

The average person was just trying to buy a house to live in, to build equity in that house and to have a place to call home for their kids.

The American Dream.

Now we do have a problem, many families are in a real bind. (that includes their kids)

I think we need to try and help, even if we fail.

Don't think that what your selling is any different than what those other guys were selling in the banks etc. just not the same opportunities for you.

Sure people were easy to sell when buying houses, they wanted a place to live to call their own.

Like dangling soup in front of a starving person or a carrot in front of a horse. (although not sure all horses like carrots)

Similiar to what your trying to dangle in your sell(millionaires etc.) Many before and many after you will continue to dangle something to make money off of.

But in the case of homeowners, we are taking a nation apart and throwing families into the gutters and streets because of a bunch of people that could care less about a situation they helped to create.

Like i said that word responsible is used very loosely. When they come knocking on the door of the one's that made the big bucks off of selling
the game, somehow the small guy is always suppose to be the responsible one.

Never any responsibilty taken by the promoters of these sells, when they go bad.

Never a hugh payback of money. Probably because it's gone elsewhere and to many big guys are in on the game.

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IWISHIHAD
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Quote Bdgee:

"If you ever saw that thing live, there wasn't much need for it to move around. Almost no one could see it."

_________________________________________________

I have seen him pitch many times, he had some zip in his pitches. He was around a long time for pitchers back then.

That's about the time when they started figuring better ways to help preserve those fireball throwing arms.

Back when my son was playing little league, i had a coach i worked with who's dad played on the same team with Nolan Ryan for several years.

This guy did not paint a pretty picture of what it was like having his dad being a major league star back in the 1960's and early 1970's.

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glassman
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quote:
Originally posted by Propertymanager:
and that kind on irrational denial is exactly why you don't understand that the economy is going to collapse under the weight of all the promised socialist entitlements that we can't afford and all the other overspending. That will make the housing crisis look like a party.

denial of what?

irrational based on what?


you don't even know why the economy tanked. you blame everything on subprime. subrime is the boogy-man to divert attention away from outright theft and bad trade policies.

you irrationally dream of a "return" to your "conservative principles". you cannot return to something that NEVER existed.

you think the solution is to ignore the problem and wait for it to become so bad that people will beg for your ideal to save them. (delusions of grandeur)

in the great depression? they allowed banks to fail... and one after another they surely did, even the "good" banks failed. that is the point of saving the big banks now. there's alot of good banks and good people that would fail too.

in 29? 600 banks failed. over the next four years? ten thousand banks failed. had they stepped in and bailed in 29 and 30? the great depression would never have happened.

the economic collapse we've had is due to one hellofalot of criminal behavior, and even more professionally unethical behaviour.

allowing the big banks to fail today would put a greater tax burden on the people because we have the FDIC, but you are too simple to understand what that obligation is. the FDIC is also the reason that the banks didn't have ALL their deposits withdrawn

you may think you want more than to just get by, but people who do more than just get by are either extraordinarily talented at what they do or they are theives. you have demonstrated no talent that i can see

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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T e x
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ya...it's all about the market.

back in my heyday, I thought I was really onto sumpin...

and I investigated and I wrote thousands upon thousands of words that were published in mainstream print media.

What I wrote/reported about *was* noteworthy, perhaps even important.

But the older (and hopeably wiser) I get, I see that the bottom line is the market.

Anybody that wants a totally "free market" needs to be able to stand due, when the hordes storm the gate.

The "free market" ain't working when the SEC/DTCC nexus is allowed to spit the bit and rampage through the economy.

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Propertymanager
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quote:
the economic collapse we've had is due to one hellofalot of criminal behavior, and even more professionally unethical behaviour
We have NOT had an economic collapse yet. In fact, we've only had one quarter of slightly negative GDP. The collapse is yet to come. As I said, you clearly don't understand what's going to happen, just as you didn't understand that the housing bubble existed or was going to burst.

quote:
allowing the big banks to fail today would put a greater tax burden on the people because we have the FDIC, but you are too simple to understand what that obligation is. the FDIC is also the reason that the banks didn't have ALL their deposits withdrawn
The party is over. There will be pain regardless of how this "crisis" is resolved. The choice is to take some SERIOUS pain now by allowing unprofitable banks to fail; overextended homeowners to fail; and unprofitable businesses to fail OR to continue to borrow and print money from thin air; delay the coming day of reckoning; and GREATLY increasing the severity and length of the coming collapse. We have chosen the latter.
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jordanreed
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then..just let it go...your job is done PMS...

you have spoken and we have heard.(my ears are bleeding)..we have chosen the latter and it matters not what you say.period.end of story.....move on..

what else you got? anything? No? good...

by,by then...

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jordan

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bdgee
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And don't let the screen door hit ya in the butt on the way out.
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jordanreed
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good lord!...has this been beatin far enough into the ground yet?..


how bout the war?....how many kids have died since this economic thingy? do ya think if we got out of the war we would have more money?...

--------------------
jordan

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bdgee
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I think about how much more we might have if we had never gotten in....
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jordanreed
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exactly!...talk about scam!...that one takes the cake

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jordan

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Propertymanager
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quote:
then..just let it go...your job is done PMS...
Unfortunately, my job is not done until you lefties see the light and actually understand what is coming.
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jordanreed
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regardless..doesnt matter at this point ..do you really think that you have anything new to add to your arguement?..if not,,then move on

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jordan

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Propertymanager
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I guess the real question is whether you lefties even have an argument? Your desire for the government to be your nanny and your constant attitude of being a victim isn't really an argument, it's just an excuse for being irresponsible.
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bdgee
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"Unfortunately, my job is not done until you lefties see the light"

If Seeing the light means believing that bs you pass out, then like a waman, your work never be done.

"I guess the real question is whether you lefties even have an argument?"

Well, none that you might recognize. As you have made quite obvious, you are a low grade idiot and can't handle anything deeper than the third rate crap that the leader of you Party, Fat Rush the Doper, waters down and feeds to you fools.

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jordanreed
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quote:
Originally posted by Propertymanager:
I guess the real question is whether you lefties even have an argument? Your desire for the government to be your nanny and your constant attitude of being a victim isn't really an argument, it's just an excuse for being irresponsible.

..well , lets see...I guess I'm not a lefty..

I dont need a nanny, I have never considered myself a victim, and I am very responsible...

and the real question is..

what size panties do you wear?

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jordan

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glassman
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quote:
Originally posted by Propertymanager:
I guess the real question is whether you lefties even have an argument? Your desire for the government to be your nanny and your constant attitude of being a victim isn't really an argument, it's just an excuse for being irresponsible.

once again you ignore facts and state that you have the answer nobody else has, that makes you the sociapathic with delusions of grandeur.


it's quite funny that when i tell you we avoided the collapse that you see coming by bailing the banks that you respond with i'm clueless. basically you ignore large parts of what i and others post then return our words to us as if they are your own.
you'll note that we provide reasons and attributes to our deductions while you make pronouncements as if you are the Font of Delphi...

you're attitude that everybody but yourself sees themselves as victims is psychosis.

the predator always has other predators- even the mighty lion suffers miserably from fleas ticks and biting flies.

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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Pagan
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quote:
Originally posted by glassman:
quote:
Originally posted by Propertymanager:
I guess the real question is whether you lefties even have an argument? Your desire for the government to be your nanny and your constant attitude of being a victim isn't really an argument, it's just an excuse for being irresponsible.

once again you ignore facts and state that you have the answer nobody else has, that makes you the sociapathic with delusions of grandeur.


it's quite funny that when i tell you we avoided the collapse that you see coming by bailing the banks that you respond with i'm clueless. basically you ignore large parts of what i and others post then return our words to us as if they are your own.
you'll note that we provide reasons and attributes to our deductions while you make pronouncements as if you are the Font of Delphi...

you're attitude that everybody but yourself sees themselves as victims is psychosis.

the predator always has other predators- even the mighty lion suffers miserably from fleas ticks and even mosquitoes.

So....are you saying that PM is a tick on the anus of society? Just trying to clarify your thoughts. [Big Grin]

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It is impossible to make anything foolproof because fools are so ingenious.

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glassman
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actually i was thinking of those tapeworms the fleas carry

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Don't envy the happiness of those who live in a fool's paradise.

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bdgee
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"So....are you saying that PM is a tick on the anus of society? Just trying to clarify your thoughts."

A boil on society's butt is perhaps a more apt description, as his skewed ideas of reality and what he announces as solutions offer about the same relief and comfort as would a chair to such an afflicted bottom.

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IWISHIHAD
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Quote Jordanreed:

"how bout the war?....how many kids have died since this economic thingy? do ya think if we got out of the war we would have more money?..."

_________________________________________________

Exactly, i have been told we won the war, so why stay any longer.

Lets face it, all the American lives changed and lost because of the war and all the money spent have really been worth it.

I am sure in the short and long run we will have made a hugh differance in Iraq, just as we have in most other Middle East countries that have been fighting each other or within for hundreds of years.

Money well spent.

We will continue to spend it on veterans even when were done in Iraq, just not as much.

When some of these veterans end up on the streets or on drugs they are considered irresponsible, just for going to war when called upon... shame on us

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Relentless.
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Yes look at all the peace we have spread.... Money well spent
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Lockman
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quote:
Originally posted by a surfer:
If only he could take Geitners place....

He probably pays his taxes so it's not likly.

--------------------
Let's Go METS!!!

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IWISHIHAD
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I took my grandson to a HarlemGlobetrotters game on Saturday night.

This game was advertised on TV for weeks, but the stadium was not even close to full, i was really surprised, it must have to do with the economy.

I just do not understand how they can afford to do that, unless they get a big break in their advertising rates.

Great entertainment for the kids and adults.

It's been many years since i seen a game, the main ball handler was not close to what i remember of the great ones,(Curly Neal, Meadowlark Lemon) maybe it was just a bad night for him.

If you have kids that like basketball, there is nothing better than to have them see a game at least once in their life time, they won't forget it.

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wallymac
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quote:
Originally posted by Propertymanager:
quote:
then..just let it go...your job is done PMS...
Unfortunately, my job is not done until you lefties see the light and actually understand what is coming.
You may not have a problem with reading but you do have a problem with comprehension. Glassman, Myself and others have posted many times about not only the true causes of this meltdown but the fact that we are only witnessing the beginning. We have stated that it will get much worse before it will get better. None of us like the fact that bailouts are occurring but understand that without them the entire system will collapse. Heck it may still collapse.

The fact is that the problem is not just here in the U.S. it is worldwide. It is affecting Governments of all ideologies. Free market capitalist as well as Socialists etc.

I have a question for you? Since you continually state that we need to get back to our conservative roots, who was the last true conservative President?

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Propertymanager
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quote:
The fact is that the problem is not just here in the U.S. it is worldwide. It is affecting Governments of all ideologies. Free market capitalist as well as Socialists etc.
We've been moving steadily toward socialism since the 1930's. What significant government in this world could be considered "free market capitalist"? There isn't one. That IS the problem and the US is the key. We've been borrowing money for decades to finance the illusion that has been our lifestyle. Our status and leadership in the world stems from our power from winning WWII. If we truly were a capitalist society and weren't spending money we didn't have on social programs for the lazy, then we would not be in this mess.

The world for their part has been stupid enough to lend us money. They've been doing exactly what our banks have been doing - lending money to a party that is not credit worthy. We're now broke and the world knows that their investment is worth far less than they thought. Additionally, since we are their customer base, they're in a catch 22 situation. If they don't lend to us, we can't buy their junk. If we don't buy their junk, they're in deep trouble. This is a long term problem that is directly attributable to the move toward socialism and social engineering in this country.

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jordanreed
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Thanks for clearing that up..never knew you felt that way..


by the way..can you name any others who think the way you do?..besides Hannity and rush?

--------------------
jordan

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Propertymanager
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quote:
can you name any others who think the way you do?..besides Hannity and rush?
Yes, in fact I know very few people that have the socialists beliefs that are expressed on this forum. The vast majority of people that I know are Christians; don't like socialism; think that our country is being destroyed; don't like all these handouts; don't like the bailouts; etc. Of course, I live in the middle of the country where people still have some common sense.
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glassman
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We've been moving steadily toward socialism since the 1930's.

that's actually a biological imperative.

i don't like it either, i like SPACE around me.
i don't like zoning rules, heck, i don't like most rules.

however IMO, the Eagles said it best:

There is no more new frontier, we have got to make it here.

Galss half empty: America was founded by people running from something.

Glass half full:
America was founded by brave people willing to face the unknown, more than willing, they had a burning desire to find space for themselves.

but:
There is no more new frontier, we have got to make it here.

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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jordanreed
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. Of course, I live in the middle of the country where people still have some common sense


I live there too!...I have plenty of common sense...but you missed my point,as usual..

obviously..most of the people in the middle of the country couldnt stand your beliefs and they voted accordingly..

but name some folks that we might of heard of and show me where I can find out about them...I'm curious ...

people are people,no matter where they live , for crissake..your statement implies massive amounts of ignorance.."Leave it to beaver, Little house on the prairie, Andy Hardy, My three sons,Father knows best" ...those were just fantasy..people really weren't like that,nor will they ever be. You have a misconception of where you live. for one,,religion and conservatism dont go hand in hand. another?..the world you envision never existed,never will..people are flawed(look in the mirror)...
middle america is as enlightened as anywhere else,as a whole...your little world is but a flea waiting to be squashed..and you are bringing that on rapidly..are tou so blind?

--------------------
jordan

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bdgee
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"If we truly were a capitalist society and weren't spending money we didn't have on social programs for the lazy, then we would not be in this mess."

You have shown your ignorance and inability to contemplate things more than superficially again. We don't spend money "on social programs for the lazy", we spend it to keep you thinking you are a productive and important part of society, because without those social programs, you would be even more of a pure drain on society than you already are.

"The vast majority of people that I know are Christians; don't like socialism; think that our country is being destroyed. Of course, I live in (virtual social isolation by choice, whether my choice or not, I have no idea) in the middle of the country and (never bother to associate) where people have normal lives and some common sense."

You need to get a life!

Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005  |  IP: Logged | Report this post to a Moderator
Propertymanager
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quote:
I live there too!...I have plenty of common sense...but you missed my point,as usual..
Ridiculous!!! You live in the middle of lefto land where people are so ignorant that they voted for the freak Al Franken!!! Enough said.
Posts: 1577 | From: Ohio | Registered: Oct 2007  |  IP: Logged | Report this post to a Moderator
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