Re: the debt economy

[BeamMeUpScotty]

> On Wednesday, May 15, 2013 1:20:18 PM UTC-4, Werner wrote:
>> An increase in auto repossessions due to borrowers defaulting on their car
>> loans is raising new questions


WOW I didn't see anything on that.... you know when the last Mortgage
bubble burst I was building some houses and low income apartments and I
watched as they towed away cars from the driveways of brand new
government loan subsidized houses that I had built.

I chuckled and asked myself how long will they own that house if their
car is being repo'd. The people in these places had nice TV's and
furniture and better newer cars than I had and I was making some pretty
good money.

I discovered that they were getting loans for 110% of the value of the
home and using their cash to put money down on cars and TV's and then
the whole mess would blow up in their face. The apartments were rents
based on income....

It was a year or so after that started to be obvious when I saw the
Mortgage crisis become a full blown melt down.

Which was why I sold all I had in the markets and the property and even
my trucks and stuff I didn't need that would likely lose value when we
had a glut from repo activity. It sure went deeper than I expected.
Glad I dumped all my stocks early on.

[Old Pif]

On May 15, 3:17 pm, BeamMeUpScotty

<ThenDestroyEveryth...@blackhole.nebulax.com> wrote:

>
> Which was why I sold all I had in the markets and the property and even

> my trucks ....

> Glad I dumped all my stocks early on.

The whole track of them?

[BeamMeUpScotty]

All meaning what little I had in them....

As in "all" the rest of it.


I have had little in the U.S. stock market since Clinton's second term
when his manipulation was obvious.


But the Plunge Protection Team was created by Reagan and was intended to
protect against sudden drops or attacks on the market, today it's a
team/idea used for manipulating the market.


Why gamble where the HOUSE has all the gaming "fixed" so they always win.


*Rumination*
#45 - If you haven't found the lie in what a Liberal told you, then you
didn't dig deep enough.

[Old Pif]

On May 16, 3:00 pm, BeamMeUpScotty

<ThenDestroyEveryth...@blackhole.nebulax.com> wrote:

>
> Why gamble where the HOUSE has all the gaming "fixed" so they always win.
>

Why? To join the winning party.

[BeamMeUpScotty]

You got me on that one.....


I totally missed that option.


DddddOOoooohhhh how stupid am I?







I can't wait for the liberals to read this post.

[Jeff Strickland]

"BeamMeUpScotty" <ThenDestro...@blackhole.nebulax.com> wrote in
message news:%2flt.142701$Zp1....@en-nntp-15.dc1.easynews.com...

> On 5/16/2013 7:49 PM, Old Pif wrote:
>> On May 16, 3:00 pm, BeamMeUpScotty
>> <ThenDestroyEveryth...@blackhole.nebulax.com> wrote:
>>
>>>
>>> Why gamble where the HOUSE has all the gaming "fixed" so they always
>>> win.
>>>
>>
>> Why? To join the winning party.
>>
> You got me on that one.....
>
>
> I totally missed that option.
>
>
> DddddOOoooohhhh how stupid am I?
>
>
>

According to Winged Avenger, you're a flaming liberal. If that's true, then
there is no limit to how stupid you can be.

Everytime a liberal turns around, they discover a whole new way to be
stupid, or to be stupid the same way but demonstrate in a new way.

[Old Pif]

On May 16, 8:49 pm, "Jeff Strickland" <crwlrj...@yahoo.com> wrote:
> "BeamMeUpScotty" <ThenDestroyEveryth...@blackhole.nebulax.com> wrote in

>
> According to Winged Avenger, you're a flaming liberal.

It is the worst offense ever. Scotty does not deserve that at all.