RANT; Frustration about supplementation ignorance, so I threw down the gauntlet! pt.4

[|ceman]

Originally Posted by digitalgoodtime

yeah i had just said that a few posts above. the Dow is getting hammered, oil is way down, and this is just the beginning.

So...are that many investors really pulling out their money and putting into cash accounts?

Seriously, is all that investor bs that is constantly fed to the common person "stay the course" "don't sweat the moves, the market always recovers" not believed by those who do this for a living? For the markets to drop this much, there is a lot of selling going on and not just John Q Public divesting his retirement.

Why are the big money managers selling? Basically creating a stock based 'run on the bank' - more greed?

I just put some more $$$ in my investment account today (should be ready to buy tomorrow) and am going to buy some cut rate stocks.

[dblanks]

Originally Posted by |ceman

http://money.cnn.com/2008/09/29/news...ion=2008092914

Bailout plan fails to pass the vote.

Just saw it online at CNN.

[digitalgoodtime]

Originally Posted by |ceman

So...are that many investors really pulling out their money and putting into cash accounts?

Seriously, is all that investor bs that is constantly fed to the common person "stay the course" "don't sweat the moves, the market always recovers" not believed by those who do this for a living? For the markets to drop this much, there is a lot of selling going on and not just John Q Public divesting his retirement.

Why are the big money managers selling? Basically creating a stock based 'run on the bank' - more greed?

I just put some more $$$ in my investment account today (should be ready to buy tomorrow) and am going to buy some cut rate stocks.

yep, institutional investors with a low tolerance for risk are getting out of stocks and into treasury securities (bonds), precious metals, commodities, etc. there is major turmoil going on, and it will stay this way for quite some time. I haven't increased my contributions to my 401(k) or anything, but i do agree this COULD be a good time to buy. I'm not making any IRA contributions but i'll keep putting 7% of my salary in my 401(k).

[Nainoa]

Originally Posted by |ceman

http://money.cnn.com/2008/09/29/news...ion=2008092914

Bailout plan fails to pass the vote.

Hitches up Fish House to Truck, and gets ready to move to the new secure location.

"Well guys, it's been nice knowing you... See you on the other side of the collapse of western civilization!"

[|ceman]

Originally Posted by digitalgoodtime

yep, institutional investors with a low tolerance for risk are getting out of stocks and into treasury securities (bonds), precious metals, commodities, etc. there is major turmoil going on, and it will stay this way for quite some time. I haven't increased my contributions to my 401(k) or anything, but i do agree this COULD be a good time to buy. I'm not making any IRA contributions but i'll keep putting 7% of my salary in my 401(k).

My 401k contributions haven't changed in all of this. We have grown accustomed to living on the amount after taxes and 401k removed, and one of two things will happen:

1 - Markets will rebound strongly before we retire and all the money we invested in lean times will be worth much much more

- OR -

2 - The markets will totally collapse and with them, western civilization, in which case I won't care about 401k or money in general as by that point I would have already liquidated my entire life savings to buy the last loaf of bread due to runaway inflation.


I figure either way, I'm covered.

Originally Posted by Nainoa

Hitches up Fish House to Truck, and gets ready to move to the new secure location.

"Well guys, it's been nice knowing you... See you on the other side of the collapse of western civilization!"

Canada, right?

Wait for me!


All kidding aside, I have more than a few friends who are seriously considering moving out of the US for the many political and economic issues that they feel are too serious to abide by and do nothing.

[punksurfer024]

hell yeah, predator is on hbo on demand

[digitalgoodtime]

oh i hear ya Ice, i was just telling you that you might not want to dive right in head first and invest in any individual stocks right now that you think could be at a "bargain rate." Make sure to do your homework just like with any other investment. Check the P/E ratio, recent earnings statements, etc.

[RB12]

Originally Posted by |ceman

My 401k contributions haven't changed in all of this. We have grown accustomed to living on the amount after taxes and 401k removed, and one of two things will happen:

1 - Markets will rebound strongly before we retire and all the money we invested in lean times will be worth much much more

- OR -

2 - The markets will totally collapse and with them, western civilization, in which case I won't care about 401k or money in general as by that point I would have already liquidated my entire life savings to buy the last loaf of bread due to runaway inflation.


I figure either way, I'm covered.



Canada, right?

Wait for me!


All kidding aside, I have more than a few friends who are seriously considering moving out of the US for the many political and economic issues that they feel are too serious to abide by and do nothing.

lmao @ 2

[Nainoa]

Originally Posted by |ceman

My 401k contributions haven't changed in all of this. We have grown accustomed to living on the amount after taxes and 401k removed, and one of two things will happen:

1 - Markets will rebound strongly before we retire and all the money we invested in lean times will be worth much much more

- OR -

2 - The markets will totally collapse and with them, western civilization, in which case I won't care about 401k or money in general as by that point I would have already liquidated my entire life savings to buy the last loaf of bread due to runaway inflation.


I figure either way, I'm covered.



Canada, right?

Wait for me!


All kidding aside, I have more than a few friends who are seriously considering moving out of the US for the many political and economic issues that they feel are too serious to abide by and do nothing.

Well I don't know about you, but people up here already have back up plans... On where to fall back to.

*****

You're forgetting Option 3...

The Feudal system returns, and we all become Serf's working for the large companies and land owners.

*****

Ultimately I think you're right about #1...

But I don't think you'll see that next economic boom until after the baby boomer generation is at least 51% dead... They've got a MASSIVE amount of US equity locked up in their savings... When they die it will go back into the markets again when their children spend the money into the cycle...

Then we'll transfer it all over to Saudia Arabia in 5-6 years time, and be right back to talking about this fun and exciting Feudal system we're building up to!

[Nainoa]

Originally Posted by digitalgoodtime

oh i hear ya Ice, i was just telling you that you might not want to dive right in head first and invest in any individual stocks right now that you think could be at a "bargain rate." Make sure to do your homework just like with any other investment. Check the P/E ratio, recent earnings statements, etc.

My suggestion...

Liquor and Home Spice Making companies...

No matter what has been going on in this company liquor (Not Beer) always improves in sales, the worse the economy gets.

And home spices... With no one going out to eat anymore as that's the first luxury to go... And the fact that most people thing that cooking is just about making food get hot with seasonings...

People will be buying a lot more seasonings to make that hunk of top round taste better!

[digitalgoodtime]

Originally Posted by Nainoa

But I don't think you'll see that next economic boom until after the baby boomer generation is at least 51% dead... They've got a MASSIVE amount of US equity locked up in their savings... When they die it will go back into the markets again when their children spend the money into the cycle...

agreed yet once again. very good point. there will be no significant growth in our economy overall for quite a few years. lucky for me i work at a place with lots of government work, so we are in no fear of failing. a lot of other friends of mine, however, better start looking for more stable jobs because inflation is still going to remain high compared to salaries.

[TE]

Originally Posted by Nainoa

My suggestion...

Liquor and Home Spice Making companies...

No matter what has been going on in this company liquor (Not Beer) always improves in sales, the worse the economy gets.

And home spices... With no one going out to eat anymore as that's the first luxury to go... And the fact that most people thing that cooking is just about making food get hot with seasonings...

People will be buying a lot more seasonings to make that hunk of top round taste better!

how about tobacco?

[digitalgoodtime]

Originally Posted by TE

how about tobacco?

i hope they tax it even harder. tobacco is a huge reason health care costs so damn much in this country

[|ceman]

Originally Posted by RB12

lmao @ 2

I'm only 1/2 joking.

I think most people don't realize how fragile this world economy really is. And as we saw with Katrina and other recent disasters, when basic supplies become scarce or unavailable, people get ugly and quickly.

Imagine a post Katrina environment, but instead of just in one city, across the entire US. No gas, no food, no basic goods........

Originally Posted by Nainoa

Well I don't know about you, but people up here already have back up plans... On where to fall back to.

*****

You're forgetting Option 3...

The Feudal system returns, and we all become Serf's working for the large companies and land owners.

*****

Ultimately I think you're right about #1...

But I don't think you'll see that next economic boom until after the baby boomer generation is at least 51% dead... They've got a MASSIVE amount of US equity locked up in their savings... When they die it will go back into the markets again when their children spend the money into the cycle...

Then we'll transfer it all over to Saudia Arabia in 5-6 years time, and be right back to talking about this fun and exciting Feudal system we're building up to!

We're not even considering the HUGE looming spectre of the failed social security system. If this economic issue right now doesn't bankrupt the US gov't, then social security in a few years will.

[TE]

Originally Posted by digitalgoodtime

i hope they tax it even harder. tobacco is a huge reason health care costs so damn much in this country

so you wouldn't buy stock in Phillip Morris?

[Nainoa]

Originally Posted by TE

how about tobacco?

No Just because Alcohol is considered a Vice, and Tobacco is considered a Vice, doesn't mean they both have value in a depressed economy.

You don't blow off steam or self medicate against your worries by smoking 2 packs a day instead of 1. (Trust me I smoked for 14+ years.)

[RB12]

Originally Posted by TE

so you wouldn't buy stock in Phillip Morris?

i think thye should tax fat people

[|ceman]

Originally Posted by TE

so you wouldn't buy stock in Phillip Morris?

Regardless of how well it would perform, I would never invest in a company that makes money selling products that kill people directly.

[digitalgoodtime]

Originally Posted by |ceman

Regardless of how well it would perform, I would never invest in a company that makes money selling products that kill people directly.

amen.

[Nainoa]

Originally Posted by |ceman

I'm only 1/2 joking.

I think most people don't realize how fragile this world economy really is. And as we saw with Katrina and other recent disasters, when basic supplies become scarce or unavailable, people get ugly and quickly.

Imagine a post Katrina environment, but instead of just in one city, across the entire US. No gas, no food, no basic goods........



We're not even considering the HUGE looming spectre of the failed social security system. If this economic issue right now doesn't bankrupt the US gov't, then social security in a few years will.

Ethically...Socially Yes it's horrible...

But economically... Social Security's projected failure in 2042, won't be that big of a belly up...

Basically what it means is that for us, "Don't count on SS for your retirement."

Imagine if we would have Privatized SS like Bush wanted to, and then the Markets did this...

What the Fracking hell would my parents being eating right now!

[Procta]

Originally Posted by RB12

i think thye should tax fat people

lol

[Nainoa]

Originally Posted by digitalgoodtime

i hope they tax it even harder. tobacco is a huge reason health care costs so damn much in this country

Actually Obesity is the #1 cause of Preventable illness...

So perhaps they should tax everyone who has a Body Fat % over 25%?

Or how about the Government Buys out McDonalds, BK, KFC Taco Bell et al, and alters their menu so it's nothing but Salads, and fruit juice?

[|ceman]

Originally Posted by Nainoa

Ethically...Socially Yes it's horrible...

But economically... Social Security's projected failure in 2042, won't be that big of a belly up...

Basically what it means is that for us, "Don't count on SS for your retirement."

Imagine if we would have Privatized SS like Bush wanted to, and then the Markets did this...

What the Fracking hell would my parents being eating right now!

If you thought the voting seniors carried a lot of weight, imagine how pissed they would be if their social security checks bounced.

Do you think that people will calmly take the politicians saying "we know you've been paying social security taxes your entire working life, but truth of the matter is that all that money went to fund the retirement of others and there is nothing that we can give you except some food stamps" ????

[digitalgoodtime]

Originally Posted by Nainoa

Actually Obesity is the #1 cause of Preventable illness...

So perhaps they should tax everyone who has a Body Fat % over 25%?

Or how about the Government Buys out McDonalds, BK, KFC Taco Bell et al, and alters their menu so it's nothing but Salads, and fruit juice?

i said a huge reason, not #1 reason. check out my post.

edit: fruit juice is terrible for you too

[RB12]

Originally Posted by Nainoa

What the Fracking hell would my parents being eating right now!

whatever you are serving them for dinner

Originally Posted by Procta

lol

glad someone found humor in that

Originally Posted by Nainoa

Actually Obesity is the #1 cause of Preventable illness...

So perhaps they should tax everyone who has a Body Fat % over 25%?

pffff, nice trying to take credit for my idea

[Nainoa]

Originally Posted by |ceman

If you thought the voting seniors carried a lot of weight, imagine how pissed they would be if their social security checks bounced.

Do you think that people will calmly take the politicians saying "we know you've been paying social security taxes your entire working life, but truth of the matter is that all that money went to fund the retirement of others and there is nothing that we can give you except some food stamps" ????

But that's 2042... Around my 72nd birthday it should go empty.... So really if there's a generation to give a damn, it's us...

SS was never intended to be a 100% retirement plan... It's meant to be supplemental.

I mean heaven forbid we have to be bothered to take care of our elderly...
(In this case the elderly being me.)

I've lived my entire life with the understanding that at some point I'll have to take care of my parents in some capacity...

Yeah it's unfair that I lose some $130+ a month to the SS system, if it won't be there for me very much...

But really by that point... The program will be over 100 years old...

Name something else in our government that made it 100 years before politicians started wiping their ass with it...

Hell you can barely make that statement for those pesky little scribblings called the Bill of Rights and the Constitution.

The "Little People" of this country have been getting shafted by the politicians and large corporations/land owners for the majority of the history of nation.

Until we remember why we have those second ammendment rights, that will never change for more than a few brief moments in history.

[meanmo]

Originally Posted by RB12

lmao @ 2

anyone looking for a post apocalypse cattle dog? They come in handy when fending off the homosexual punk rock hordes..

[RB12]

Originally Posted by momod

anyone looking for a post apocalypse cattle dog? They come in handy when fending off the homosexual punk rock hordes..

yet another check in the plus column for them

[nni]

yo fellas.

[meanmo]

Originally Posted by RB12

yet another check in the plus column for them

My dad is coming home today, I almost had him in tears last night talking about Sammy..

He really misses him..