FISHHEAD Posted May 19, 2016 Report Share Posted May 19, 2016 Wish I would have sold 2.5 years ago about half of my farmland..........came within a flicker of doing such. Iowa farmland down about 20-25% since its alltime high Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted May 19, 2016 Report Share Posted May 19, 2016 Fish build yourself a fortified compound on your land... stockpile necessities for 3 yrs minimum Blizzards and winters to brutal in Iowa......and tornado concerns in summer. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted May 19, 2016 Author Report Share Posted May 19, 2016 Yup the end is near...the market will go down maybe 10%, just like it did in feb, funny thing is, the world didn't end then and it wont now! spoken like a true tv analyst they always mention the possibility of 10-20% corrections then look dumbfounded when the market loses 40-50% like it did in 2009, 2002, etc etc just in the last 14 years we've had 2 huge crashes and yet nobody thinks it can/will happen again... even though the middle class is in worse shape than ever Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted May 19, 2016 Report Share Posted May 19, 2016 What middle class? That segment is dying quickly, you will either have it or you don't in 10-20 years. Quote Link to comment Share on other sites More sharing options...
Sam Odom Posted May 19, 2016 Report Share Posted May 19, 2016 1 in 5 families , FAMILIES , in USA have no one gainfully employed Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted May 19, 2016 Report Share Posted May 19, 2016 Hell, the vast percentage of people I know now are either a millionaire or in debt with a net worth less than 10k......so it seems anyways Quote Link to comment Share on other sites More sharing options...
Sharp Square Posted May 19, 2016 Report Share Posted May 19, 2016 I still have my unused Y2K Survival Kit ... So I feel like I will be Ok Quote Link to comment Share on other sites More sharing options...
Balco Posted May 19, 2016 Report Share Posted May 19, 2016 Obama fundamentally transforming America. Quote Link to comment Share on other sites More sharing options...
Balco Posted May 19, 2016 Report Share Posted May 19, 2016 I still have my unused Y2K Survival Kit ... Liberalism is s mental disorder. So I feel like I will be Ok Quote Link to comment Share on other sites More sharing options...
Yanks Posted May 19, 2016 Report Share Posted May 19, 2016 Hopefully Obama gets that third term and saves us all Quote Link to comment Share on other sites More sharing options...
Balco Posted May 19, 2016 Report Share Posted May 19, 2016 Hopefully Obama gets that third term and saves us allSave??? Or destroy? Quote Link to comment Share on other sites More sharing options...
Yanks Posted May 19, 2016 Report Share Posted May 19, 2016 Save??? Or destroy?Save Quote Link to comment Share on other sites More sharing options...
Sam Odom Posted May 19, 2016 Report Share Posted May 19, 2016 Hopefully Obama gets that third term tripp would have to buy another black dildo... worn out two the last 7.5 years Quote Link to comment Share on other sites More sharing options...
Balco Posted May 19, 2016 Report Share Posted May 19, 2016 Lebron dildo. Quote Link to comment Share on other sites More sharing options...
Chickadee Posted May 19, 2016 Report Share Posted May 19, 2016 Silver/Gold aren't apocalypse metals. All the prepper stuff is better in those cases since those would just weigh you down. IDK but it's not a world i want to live in would just OD instead.Silver/Gold are good in a currency crisis though. And all a currency crisis is a crisis of confidence.Ask a brazilian if they would have rather owned real or physical gold priced in real.If countries decided to price raw materials (oil,base metals, precious metals) or settle financial contracts in something other than USD it's a big problem.And it has been a threat via Iran and China/Russia. Iran nuclear pact, China/Russia settlement of base contracts circumventing IMF etc. Quote Link to comment Share on other sites More sharing options...
mikeman Posted May 19, 2016 Report Share Posted May 19, 2016 spoken like a true tv analyst they always mention the possibility of 10-20% corrections then look dumbfounded when the market loses 40-50% like it did in 2009, 2002, etc etc just in the last 14 years we've had 2 huge crashes and yet nobody thinks it can/will happen again... even though the middle class is in worse shape than everAlright, tell us how much this decline will be? 2008/09 wasn't the end of the world either, was it? I want it to go down, I'm mostly out of my 401K and need it to go down so I can get back in. Quote Link to comment Share on other sites More sharing options...
Balco Posted May 19, 2016 Report Share Posted May 19, 2016 Silver/Gold aren't apocalypse metals. All the prepper stuff is better in those cases since those would just weigh you down. IDK but it's not a world i want to live in would just OD instead.Silver/Gold are good in a currency crisis though. And all a currency crisis is a crisis of confidence.Ask a brazilian if they would have rather owned real or physical gold priced in real.If countries decided to price raw materials (oil,base metals, precious metals) or settle financial contracts in something other than USD it's a big problem.And it has been a threat via Iran and China/Russia. Iran nuclear pact, China/Russia settlement of base contracts circumventing IMF etc.Best metal to own is ammo! Quote Link to comment Share on other sites More sharing options...
Balco Posted May 19, 2016 Report Share Posted May 19, 2016 Alright, tell us how much this decline will be? 2008/09 wasn't the end of the world either, was it? I want it to go down, I'm mostly out of my 401K and need it to go down so I can get back in.Worst then 2007. Below 5k Quote Link to comment Share on other sites More sharing options...
mikeman Posted May 19, 2016 Report Share Posted May 19, 2016 Worst then 2007. Below 5kthat's alot, thanks for the tip, I guess I'll buy at 5K Quote Link to comment Share on other sites More sharing options...
Chickadee Posted May 19, 2016 Report Share Posted May 19, 2016 Alright, tell us how much this decline will be? 2008/09 wasn't the end of the world either, was it? I want it to go down, I'm mostly out of my 401K and need it to go down so I can get back in. Central bank intervention late 2007-2009 just put off the inevitable. What it really amounted to was a bailout of capital owners. They are the ones who owned the vast majority of worthless paper in the form of stock shares, various underwater derivatives, unfunded pension/option liabilities and unservicable debt (whether owned directly as a mortgage or bundled/rebundled and re-branded/sold by some investment banker). The owners of this worthless capital lobbied the US government. So you had a carefully cultivated uncle warren buffet go on tv and say that "the economy needs this bailout" and various other people who benefit chirping the same on every media outlet. The people in power already purchased by campaign contributions, speech fees through their election to congress pass this bill under the guise of helping the "average" american. But who ends up owning all that worthless paper? The American government and US citizen now and in the future. That is what the bailout amounted to. One of the greatest wealth transfers in the history of man from poor/middle class to the rich. A market mechanism functions both ways to find fair value. You can't artificially suppress one side forever without consequence which i guess people have forgotten in the interim. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted May 19, 2016 Author Report Share Posted May 19, 2016 Central bank intervention late 2007-2009 just put off the inevitable. What it really amounted to was a bailout of capital owners. They are the ones who owned the vast majority of worthless paper in the form of stock shares, various underwater derivatives, unfunded pension/option liabilities and unservicable debt (whether owned directly as a mortgage or bundled/rebundled and re-branded/sold by some investment banker). The owners of this worthless capital lobbied the US government. So you had a carefully cultivated uncle warren buffet go on tv and say that "the economy needs this bailout" and various other people who benefit chirping the same on every media outlet. The people in power already purchased by campaign contributions, speech fees through their election to congress pass this bill under the guise of helping the "average" american. But who ends up owning all that worthless paper? The American government and US citizen now and in the future. That is what the bailout amounted to. One of the greatest wealth transfers in the history of man from poor/middle class to the rich. A market mechanism functions both ways to find fair value. You can't artificially suppress one side forever without consequence which i guess people have forgotten in the interim. better than i could've said it mikeman no idea how much the decline could/would be, in the meantime if you want bargains then sell out of the money puts... i have about a dozen stocks that i do that with, if a stock is at 20 then i sell the 17.50s out a few months... if i end up buying it then i turn around and sell 17.50 calls best to do this on stable stuff like real estate with nice dividends, gold, something with a lot of intellectual property, etc... my favorites are mcs/mgp/gld/lgf Quote Link to comment Share on other sites More sharing options...
ronald Posted May 19, 2016 Report Share Posted May 19, 2016 Hell, the vast percentage of people I know now are either a millionaire or in debt with a net worth less than 10k......so it seems anyways This is true. The average household debt in America is astonishing. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted May 25, 2016 Report Share Posted May 25, 2016 Any update on when the end starts? Quote Link to comment Share on other sites More sharing options...
rito Posted May 25, 2016 Report Share Posted May 25, 2016 Obama fundamentally transforming America. Conservative wet dream, all the money at the top. Better get into the 1% before it's too late. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted May 25, 2016 Report Share Posted May 25, 2016 $4 corn is back Quote Link to comment Share on other sites More sharing options...
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