Replies to post #270 on Politics and Money

[b4atf]

Thanks pn, you got the board going and surely saved us all from jail. I know I have been deleted and deleted others myself for "political" posts.

The market crash in '87 was turned by the LTCM bail out. The '01 crash got turned by the race to war with Iraq. QE and the AIG bailout are covering the globalists tracks in this Depression that started in '07.

The "peace dividend" we received at the end of the cold war allowed Clinton to reduce our armed forces enough to create some surplus. I was okay with that but Congress started this spending spree that may never end! The new computer age increased productivity so much that technology replaced people. High speed communication allowed business to go off shore. Stupid educational theories like Ebonics and "no child left behind" made sure that Amerikan kids are some of the dumbest, fattest, most complacent fools on the planet.

NAFTA and GATT made sure that low wage primitive economies would be a better business model for our corporations.

Open borders ensured a continuing supply of illegal immigrants willing to work cheaper than what could sustain a traditional Amerikan lifestyle.

Politicians turned multiculturalism, tolerance for alternative lifestyles, and political correctness into a weapon against our recognized Amerikan values.

Still, since the first caveman became self aware, or Adam and Eve stepped out of the garden, there has never been a country with the opportunity we had here. The Constitution is the greatest document ever created by man. America was founded by great men who understood the value of the individual.

God bless America. Go fuck yourself Amerika.

b4
Go Ron Paul

[Dobie Lama]

Well, some of us made lotsa of $$ from the real estate boom and didnt lie about our finances!

You got great loans, with great terms, with low down payments.

Now, what you did with that money was up to you. I bought foreclosed properties with a business partner, fixed them up and rented them. All the properties cash flowed within 2 years. All were long term holds ( minimum 8 years).

We sold them 4 years ago and made a bundle.

I miss the easy lending practices, the low down, the no down, no income, no worries. LOL

So, I took the real estate money and put it into big board stocks. What a surprise when 2008 rolled in. And now, I'm here managing my portfolio and dreaming of the "no down days!"

The moral of the story is to be a prudent investor and to shun the get rich quick schemes. Oh yeah, and try not to buy real estate that's out of state.