HailRazor's picture
HailRazor
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OBEY CONSUME STAY ASLEEP

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Steveb's picture

Buy silver, it's cheap now but it won't be for long.

Lilbear's picture

Don't for get to get a gun and stock pile bullets, I have a small stash of silver bars. Don't recall its about 80-90 oz total. I have to step up my game

The Impastable's picture

I envy those of you living in states with lax gun laws.

Steveking1980's picture

X2!!
I've been stocking it up for abt 4years now-
Even hitting the vending machine lady up at work to go they all the change and pull out the silver-
The pawn shop n my town melts it for me for a small cost-
Just stashing away cause I agree it's gonna go up..way up I hope

HailRazor's picture

Humpnpump/The Impastable.....impressed with the back n forth debate. Keep it going. It's cool to see one view that takes information spoon fed and "trusts" the system Vs another view from outside the box (the bigger picture) that realizes that it's just the build up before the breakdown. Ponzi Scheme AKA House of cards. Both views are great.

The Impastable's picture

For what it's worth, I used to be of the opposite view in my high school years and my early college years. It's not so much as trusting the system, as understanding it and making it work for me. I do thoroughly enjoy debating humpnpump, and do appreciate the civility (these debates end up going to shit way too fast, completely missing the point of actually discussing the topics involved.)

humpnpump's picture

It's great market if you're educated in the subject and know how to get in and out, but only a minority know and still you can get burnt because the ones that make the game are 2 steps ahead of you. I just feel sorry for people that don't know any better, it's not even gambling more like just handing your money over. The way I see it, it's like the wolves guarding the hen house.

The Impastable's picture

Yes it is, you just have to control your emotions when playing, which most people are unable to do. And I have no doubt the ones at the top are two steps ahead of me, and all power to them. I never had aspirations to be a part of the top 2%, just to make it for myself. It's the same logic as with lifting, I don't care much for competitions or for what others think, I do it to best myself and because I enjoy it.

There's a really great saying a VP told me. He basically said look around at all these people, these employees. Each and everyone of them are faking it, hoping they'll make it. Wolves guarding the hen house as you say.

Lilbear's picture

I have a friend I met at a cigar bar, he is one of those 2%. But he is down to earth. I known him for quite sometime.

When he found out I was getting ready to invest in stock he said to me. I manage 2000 people in my group. We manage over 200billion and we take over 1 billion a year.

He said don't trade much and keep your money in your pocket. He has given me a few stocks over the years. But I'm pretty sure the only reason he give me small tips is to help me pay for my kids school. The funny thing is he can not invest. Because he will go to jail.

The Impastable's picture

I'm curious as to what he meant by don't trade much? Did he mean hold it in for the long haul? Or don't over diversify?

The amount of revenue his group brings in, he doesn't need to trade Smile they did a study (I forgot where) and it turns out that most wealth funds actually don't get much better returns than the market, and some wealth funds earn returns below the market. Yet people are willing to use these funds time and time again over simply investing their money in spiders and the like. Wealth funds are inventions of pure genius as they basically rely on human sentiment and emotion (people find comfort in authorities and experts) and their methods of financing are fees on these emotions. As I'm sure youre aware, it's not simply a one time fee you pay, but the fees an investor pays actually add up to several percent in these funds. When you take that into consideration, the fund would have to do several points better than the market to break even on investments (which even if they don't, the investor believes they do because nobody has time for math nowadays).

HailRazor's picture

Penny stocks is where it's at bro. Smile Maybe OLED or PANL

The Impastable's picture

Haha, why the recommendation of both, out of curiosity Smile

HailRazor's picture

Kinda Phishing. Smile
Penny Stocks was a joke, but you knew that.

lo's picture

I have a friend that quit his job starting out around $20 per hr. were I work to go full time playing the penny stocks because he was doing so good. Since then he has paid cash for a house with the money he has made. So if u know what u are doing then u can do pretty good from what I've seen.

The Impastable's picture

I figured as much Smile

Unfortunately, put on a suit, add a couple letters after your last name, and you can actually sell that to the common man. thats what makes this economy so beautiful, in a tragic way... It uses man's inherent laziness against him, and there is no fix for that but to enlighten the man, so he can in turn put on the suit, add a couple letters after his last name, and proceed to do the same Smile

HailRazor's picture

I'm reading into that...."image is everything" and "teach a man to 'phish' and you can feed him for a lifetime". I'm a poet and didn't even know it. :))

The Impastable's picture

You learn something new everyday!

HailRazor's picture

Nice. Understanding the system. Exactly. Play the game or get played. Sit on the sidelines and make minimum wage, or work the system for "free" stuff (that's not really free). We need more debates like yours n Humps...but in all topics.

Steveb's picture

Eric Blair

Nitti's picture

I love this cat

humpnpump's picture

All very true. Another way they control us that nobody discuss is how they can control or take control of corporations and technology ( much of which is suppressed for their good ) is through the stock market. Let me explain a little. They have a system in place whereby is a company or technology is made public on the stock market and they are unable to persuade a buy out. They will literally go into an all out war on the companies stock to drive the stock price down until it bankrupts the company and they are unable to raise capital to continue. How do they do this? Very simply through off shore hedge funds that Clinton agreed that they didn't need to be regulated. This is were all the big fish and the policians hide there money. But hedge funds can sell as many shares of a companies stock even way passed the amount that the company has issued, this practice is called naked shorting ( selling or shorting a stock that isn't even in there possession) say a company has 1000 shares with a stock price of $100, the hedge fund will literally flood the maker with these phantom shares and drive the stock price down to 1 cent. So if you don't play ball and conform to their rules your company is fucked and they will soon own you anyway.

The Impastable's picture

The only issue is that these are not "phantom shares." When you short a stock you borrow it from an investor who owns it, and "sell" it off with the hopes that you can buy it back later with a lower stock price. Then there is the issue that you can't short off more stocks that have been issued, and the fact that stock trading is a zero sum game. There have to be buyers willing to buy that stock for you to be able to short it in the first place.

For a stock to be driven down to nothing, the company itself must be deemed a failure by investors, and the losers of such a gamble will still be the original holders of the stock (whom you borrowed to short) as you still have to buy the stock and sell it back. If this manages to occur (and this is rarer than you'd think) the shorter makes an enormous profit (nothing wrong with this investing strategy and payoff) and the loser ends up being the shortee's and the actual company itself (which is again, nothing wrong as an investment strategy, and companies fail and rise daily).

humpnpump's picture

Brother you are relating to the average investor in your comments. I'm not going to spell it out for you but institutions and hedge funds have special privileges that the public doesn't know about nor have access to. Research naked shorting and phantom shares and then come back for a discussion on the topic. There's always a loop hole for the 1% to fuck you because the make the rules and write the book.

The Impastable's picture

If you want to have a discussion about regulating shadow banking sectors, then I'm all for it. We can debate special privileges, legalities, and accessibility all we want and I'm sure we'll never reach a middle ground regarding it. I'm well aware of naked shorting, so called "phantom shares" if you want to call them that, and you already know I see nothing wrong with them. It's all about managing risk. The top 1% don't write the rules or the books, they simply push the limits, bending and breaking the rules along the way, to get to that top spot (good for them). The difference between the common investor and the investors everyone loves to hate is that they had the balls to partake in extremely risky, sometimes illegal activity to get there where the common man did not.

humpnpump's picture

You are right, this topic could go on and on into a lengthy discussion that I just don't want to drag myself into again. I leave you with this. There was a penny stock symbol CMKX they had around 800 billion outstanding shares and did a certificate pull ( the only documented cert pull ever) and proved that there was over a trillion naked shorts against this company. The brokers, like etrade, ameritrade, td waterhouse and a bunch of others had to make a deal and pay up. Now that they got caught in 2008 the DTC depository trust commission got rid of paper certificates and everything is electronic so that a cert pull can never happen again. Bear Sterns, Goldman Sacs, JP Morgan and a few others are the board of the DTC and make the rules. So no it's not because they have the balls to go get it and are driven, it's because they on the game. If you or I did what they did we would be sitting in jail right now end of story.

humpnpump's picture

Lol u took the hook, check out derivatives $ quadrillions worth of money in phantom stock it's all money created of thin air.

Lilbear's picture

Wait to the find out about the dark pool

The Impastable's picture

What about it? It's a little vague for you to just point it out without offering any kindof discussion regarding it.

Lilbear's picture

All the large firms set up a pool were derivatives are swaped, money that does not exist gets bought, sold lent. The scariest part it includes food and other materials.

Banks can cripple any country it wants in a matter of min. Look for example on what Goldman Sachs did to Venezuela with the deal they made beans for oil. The dominican republic future oil payments were bought for pennies per million. Venezuela loose 3 times. 1. Lost of oil revenues, including the price drop.
2. Food for its country.
3. Profits from the deal Venezuela made with the dominican republic. A bank forced Venezuela hand because it didn't want to play politics with the pool.

The Impastable's picture

Dark pools still exist and are quite abundant today. I don't understand the view you take of using money that does not exist (it does exist, money is a zero sum game when it comes to trading. Someone wins, someone else loses it.) the dark pool market is actually quite the same as a regular market, except for the amount of regulation and for the fact that there is no buyer:seller matching the way today's exchanges put together. There is also a lot less available information being traded, so it is inherently more risky.

Venezuela's political leadership is responsible for its state. The markets (both regular and dark) reacted accordingly to the conditions presented. Nothing about it was irregular really.

The Impastable's picture

The 1.2 quadrillion you speak of is only the notional value. The notional value is never actually traded, but rather the interest based payments. The only thing truly at risk are the fixed or floating payments, and not the entire value of the contract. Hence, while the notional value is that big, the actual value of the trades/swaps are much much smaller and much less risky.

HailRazor's picture

I've got some ocean front property in Arizona.

Steveking1980's picture

Me too!! But mine from the front porch u can see the sea:-)

HailRazor's picture

How bout that "Golden-Gate"

HailRazor's picture

Renunciation of citizenship. I believe the co-founder of FaceBook did this and moved to Singapore right after they went public. This was blasted alll over the news as "Un-American". I myself think it's "Un-American" the ass load of taxes the Gov would have collected although they did get a nice chunk. Tina Turner did the same and moved to Switzerland. I believe the Gov is trying to change this law in their favor. As it stands now, if you have duel-citizenship, the US Gov is entitled to collect taxes on money's acquired outside the US. Yea, that seems fair :/
All the BiG MoneyMakers:
Bill Gates, Warren Buffet, etc. Seem to have conformed to the controlling "Big Banks" AKA "The Great and Powerful OZ". Pay no attention to the man behind the curtain.....:) It's really all fudged up. The game is rigged and has been for a very long time.

humpnpump's picture

Yep and once they get control of these social sites and search engines they go to work on your privacy and monitoring you, those who aren't complacent will be labeled as a terrorist.