SD Jarhead

I'm sure if elected he'll collect up all minorities and place them in camps because his hate is so deep. I could see the hate boiling out of his ears. BTW, you have an appropriate log in name as you're often found in schit.

Nice post. Wow, I agree with you for the second time in what, a week? Has anyone here read Jim Webb's book "A Time to Fight?" This guy is one Democrat who gets it! I wish he would've run as the Messiah's running mate, but I think he has too much integrity.

I've got that covered too. Who's got the guns...and maybe more importantly-the ammo? From my cold, dead hands! For the record many are saying it's not a bad bet to have 5-10% of your portfolio in metals in times like this. I invested $9500 which before this meltdown equated to ~3% of my wifes and my investment portfolio. So lets set the record straight as I've mentioned repeatedly here. I bought silver as a hedge. Once the deflationary spiral reverses and we start to feel the effects of inflation there is a good chance this will pay off. I take no pleasure in seeing whats happening but also realize that this COULD turn into a catastrophic event along the lines of what DD has predicted. If you deny that this could happen than you are either fooling yourself or a fool.

Are these the same financial planners who ran Wall Street so effectively? I get your point and have much respect for Jim, but you guys have been calling this situation a small blip on the radar screen for quite some time. Can we put some sunlight on this and admit that this is a fuggin catastrophe the likes of which we've never seen in our lifetimes? Smart guys like Warren Buffet already admit it. And I am someone who subscribes to the strategy of systematic investment and continue to fully fund my IRA and 401k. But the numbers do not lie. There is going to be a day of reckoning and that day just might be upon us.

One doesn't afford a house at that price level. That is why we're in the mess we're in (partially) and was the point of my whole post. I bought my house in 2000 for $225k. Even with the down turn I've still got well over $100k plus in equity. But that is eroding fast and I'm not sure if I could even sell it today if I wanted to. But, I Re-Fi'ed awhile back and have a 4.775 fixed rate (15 yr.). Also, it doesn't hurt when Momma makes triple what I pulled in in the military. Ah, the good old days!

Well there surely is enough blame to go around on both sides of the aisle. Corruption is corruption. Welcome to Rome my friend. But, it is refreshing to see Barney Fag being called out for what he is. It sickened me to see Pelosi rolling this corrupt bastard out as a 'leader' in fixing this mess while he was largely responsible for setting the stage for it. Why hasn't the MSM called him out for blowing a senior Fannie Exec while serving on the Banking Committee? No conflict of interest there?

Here's the thing. It doesn't take a rocket scientist to perform simple math calculations. Back in 2005 when my 1800 sq.ft. house was valued at over $600k I told my wife that we should sell, rent for a few years sitting on our profits and jump back in once the market declined. I made the case to her that the average house in San Diego was $560k and the average household income was $77k. Simple math that didn't come close to adding up, right? Well, being a woman, she fought the idea for emptional reasons and within two weeks of proposing the idea I received unaccompanied orders to Japan which put the kibosh on my proposal. Opportunity lost due to inaction. Now I'm not a smart man but I'm not an idiot either. And any idiot who was looking could've seen this coming. Let's now consider some figures offered in the article referenced in the thread. And for all you 'optimistic experts' out there, please enlighten me as to how you see us working our way out of this mess for an eventual satifactory if not happy ending. Consider this gem: "The country has a national debt of $9.6 trillion, annual deficits of $600 billion, unfunded future liabilities of $53 trillion, a trade deficit of $600 billion, inflation of 6%, 2 wars costing $12 billion per month, and a weak currency." Unfunded future liabilities of $53 TRILLION! That's Trillion with a 'T'! Wow! Anyone care to opine on how we get this small sum funded without complete Gov't collapse? That figure alone should scare the schit out of us. Now, we know our elected super hero's are looking out for us and I'm sure they have a plan in place for this right? Of course not...they just added another trillion to our debt. I know many here assailed Dwight Drane for his opinions. Maybe you disagree with his beliefs about why this is happening, but you cannot deny that he called his shots early on and was called out mercilessly as being a kook. Look, I know the world will continue to rotate and life will go on, but, will our country as we know it survive this? What happens once people lose faith in the Federal Gov't? Call me paranoid, but I think these are questions we all should consider.

It's a typical Exiled in Idiotville thread along the lines of "The sky is dark at Night! React!" Here's the thing Leftys- Why do you feel compelled to pull every inane bit of Lefty news down and turn it into a thread? Been reading the Daily Ko's textbook? I'm sure the wingnuts can do the same thing. Let's use discretion and common sense when starting threads. Please...

Has anyone read Ron Paul's book "The Revolution?" It's a quick and interesting read.

Classic episode!

You're exactly right. I'm 41 and had planned on retiring at 60. We'll see about how that pans out after this mess, but the bottom line is to hold steady. My biggest challenge is getting my wife to understand the monumental shift that is taking place right now and getting her onboard with the long term lifestyle changes this will bring forth for all of us. As a Christian, I keep reminding myself of the serenity prayer, however the practical side of me says to prepare for the ugly side of human nature should this "This sucker go down" as our dimwitted President opined.

Adding fuel to the fire. Panic everyone! But seriously, this looks like its going to be painful. My silver hedge might not have been a bad idea after all.

Nice tagline for him. I seriously think he is a lonely person who is competing with Alaska Darin for most posts. The difference between him and AD is substance. At least AD adds something to the thread. This fool posts inane drivel with his little smiley faces. It's pathetic actually... The funniest thing about him is that he posts so often he sometimes forgets the tall tales he's posted. For example- a year or so ago he was an engineer, but in the last few months he posted that he reads the board between performing his job as a painter and weedeating. Maybe I misunderstood him. He may actually be an engineer-a janitorial engineer...Ha!

Well, I hope you enjoyed the weekend. Buckle up kiddies, it's going to be a wild ride!

Although we are in a deflationary spiral right now, it is only a matter of time until we see hyperinflation the way the Fed has been wearing out the printing presses. I guess we'll have to burn that bridge when we come to it.

Thanks for the deep thoughts...are you naturally an **** or just trying real hard to be one?

I was at the UB show also...FZ was an awesome performer!

For those of you in the know out there (or those who think they know). It looks like the bailout had no effect what so ever on the market. Granted it was only open for a short period after the bill passed, but if its intent was to instill confidence, the early results show that this hasn't happened. Now what? Every 'emergency' plan hatched by the Fed and Treasury is having a diminishing effect on the market. When has the Fed played its last card? What happens Monday?

So what part of the original link do you disagree with? It looks to me like he's being pragmatic about what could happen. It seems like even the optimists are gloomy at this point.

Don't worry...its coming.

I too partied hard as a teen. In fact I turned my habits into capital along the lines of Chef's example. My venture involved selling weed regularly, financing keggers and selling whatever else I could get my hands on during my teen years. I was well connected and could get some top shelf stuff. I don't come from a privledged background and experienced some tough times as a kid growing up. I also knew that I didn't have the discipline to get through college so I joined the military and specifically the Marines because I needed a kick in the arse. I liked it and I stayed. I didn't exactly earn a kings wages in the Corps. Also I was blessed enough to meet a good woman who worked and we planned our time together. We decided to have kids four years after we were married. We didn't start investing seriously until we were in our late 20's. But guess what- we made sacrifices and saved between 10-20% of our annual income. My point is that we all make choices. We are who we are because of those choices. I live on a street where many people were taking out 2nd's on their homes to but RV's and other toys while the housing prices were on the rise. In 2005 I tried to convince my wife to sell our house because I knew the whole housing situation was a house of cards. Most people eventually grow up at some point in their lives and we all make decisions that impact our future. Sometimes bad things happen to good people. But so many of the things that people gripe about are of their own doing. I can point to many decisions that I've made that could've improved my lot in life (although I'm not griping), but I would offer that I've sacrificed plenty to get to where I am. I blame no one for me being where I am, the decisions were and always are mine, so forgive me if I don't buy into your thought process. To contrast, my younger brother lived with my mother until he was 32. She merely made him pay the electric bill over the years. He worked but still does not have any college degree. He is a union steelworker who lives in B-lo and guess what- he's a hard core Dem and blames everyone else for his lot in life. He is my brother and I love him but I have regular debates with him about why he is where he is today. Why in 14 years of basically living rent free couldn't he find the time to go to college? He had a real good time, make no mistake about it. He's now 39 and married with a daughter. He owns a house but struggles to save. My point is we all make choices with our life. I refuse to allow that not everyone can save...it bunk, but that's just my POV.

Don't forget that many of us have read your blog and know how you spent a good deal of your younger life. If you chose to party away your younger years while others saved, why should the Gov't be responsible for that. Take responsibility for the decisions you've made in your life, period, end of story.

The American people do not want to see the charts. Even more so, the politicians do not want them to see the charts because they will show what many refuse to realize- that there is no happy ending here...

Thank God I've got to get on an airplane in a few minutes...This is nuts!

They score 29 points in three games and we've already let them score 14 in less than a half of football. WTF!