Quote from: Lab Flaker on November 12, 2024, 08:31:03 PM

Damn! U aint lookin too good tonight! 

Quote from: Lab Flaker on November 12, 2024, 03:44:58 PMOh Jesus Christ...I was making fun of you and all your guns that you insist on telling the audience about over and over Al Ka-Pown3d!! Too much blood seems to be supporting that Jewish beak of yours and not circulating your grey matter efficiently.

Its KA-POWN3D! dickhead!!!! Well, it may be EL-KAPOWN3D! now....I'm still considering which.

Definitely NOT Al Ka-Pown3d!!!!!!

Quote from: Lokmar on November 12, 2024, 03:28:50 PMYUO seem to be untrainable.

Oh Jesus Christ...I was making fun of you and all your guns that you insist on telling the audience about over and over Al Ka-Pown3d!! Too much blood seems to be supporting that Jewish beak of yours and not circulating your grey matter efficiently.

Quote from: Lab Flaker on November 12, 2024, 03:27:46 PMAs in Al Capone numb nuts! Ffs!

YUO seem to be untrainable.

Quote from: Lokmar on November 12, 2024, 08:44:25 AMNo, that would be EL KA-POWN3D!!!! FFS!

As in Al Capone numb nuts! Ffs!

Quote from: Lab Flaker on November 11, 2024, 10:37:20 PMEven better! AL KA-POWN3D! 

No, that would be EL KA-POWN3D!!!! FFS!

Quote from: Biggie Smiles on November 11, 2024, 10:46:14 AMI agree with you. Mostly. Up till the part where you place all of the blame on banks. That is where we differ slightly. Banks indeed are culpable and were in fact the henchmen which carried out will of their puppet masters. 

But they were PLACED in this situation in 1995 by democrat scum via the Community Reinvestment Act of 1995.

This act mandated that banks FIND A WAY to provision loans in low income communities which were estimated to be predominately people of color or face stiff penalties. black and brown People are poor because white people exist!  Typical democrat scum mantra.

The government never worked on any of the underlying issues which were causing homes to be unaffordable to these  people of color. they instead opted to blame the evil corporate empire and mandated their way out of the issue. But they never told banks HOW they were to lend 300,000.00 over a 360 month term at a 7.25% interest rate to a person making 24K a year and keep the principle, homeowners insurance, PMI, interest and Taxes under the 35% of take home pay threshold.

a 24K annual salary estimates at approximately 1590.00 month when you factor in a conservative state and federal taxation of roughly 19% based on the lower income bracket.

So banks had to devise a way to make a monthly mortgage payment not exceed 1590.00 a month. A number which represents a stark variance from prudent budgetary practices for the common American.

And even THIS number was unattainable given the purchase price, term and ancillary expenses which I listed above.

As any online mortgage calculator will tell you, given the factors I listed above (300,000 / 360 @ 7.25) with modest calculations for taxes, insurance, pmi etc etc you should arrive at a monthly payment of 2,739.

2739.00 exceeds the borrowers total monthly income by 1,149.00. so what does the bank do about that 1,1149.00 ? do they take the loss? Hell to the no. THey were never told to do that. They just tack it on to the tail end of the loan so that the poor borrowers principle goes UP every month instead of down. Commonly known as negative amortization. Thus the birth of the ""balloon mortgage" the term coined because the principle keeps growing and growing and growing until one day the whole thing just pops.

and did the democrats know this would happen? I'd expect they did if they had access to a simple calculator -- but they just didn't care. They didn't care because the common idiots marveled at their accomplishments -- Poor Americans buying their first home!!!! All the talking heads applauded as we on the right, with common fucking sense, shook our heads in horror as to what would inevitably befall the American people.

and in 2008 those chickens finally came home to roost

You responded with what I do not have time for this morning. And you did it succinctly.

Quote from: Lokmar on November 11, 2024, 10:17:53 PMKA-POWN3D! you fukin assclown! Dont be throwing stones you drunk roo fucker!

Even better! AL KA-POWN3D! 

Quote from: Lokmar on November 11, 2024, 10:19:04 PMYou shoulda bought bitcoin years ago.

Anyway, silver wont go below $27/oz.

I shoulda bought google and apple too

Shoulda woulda coulda

Nah i dont have any regrets Lokmeer

If it shoots to the moon let it
If i missed out on it so be it

I still dont ttust bitcoin

Best way to enter that market now is to try mining  earning getting paid for a service or bartering nut not buying it with your own money

Remeber what happened to one of the manning brothers

Quote from: JOE on November 11, 2024, 10:15:05 PMMaybe even lower n that Lokmeer

< $25 Silver is a possibility too

Posted a link in the Gold thread

Everyones selling pm piling into bitcoin right now

However i still dont trust anything that is not real

Personally i think bitcoin is a setup for what is coming - cbdc's

They want us to embrace bitcoin do we will accept electronic money and eventually our privacy

This has slready been done in china snd increasingly in europe

Anyways just my 2 bits

Whats your opinion on bitcoin?

You shoulda bought bitcoin years ago.

Anyway, silver wont go below $27/oz.

Quote from: Lab Flaker on November 11, 2024, 10:08:58 PMAl KA-PAWNE! You're finally sober dipshit!?

KA-POWN3D! you fukin assclown! Dont be throwing stones you drunk roo fucker!

Quote from: Lokmar on November 11, 2024, 10:06:44 PMIdiot, gold is heading to $2500/oz and silver below $30/oz. You shoulda sold when I told you to and took some profits, then bought back in at the on sale price like I'm going to.

You fukin dumb ass! 

Maybe even lower n that Lokmeer

< $25 Silver is a possibility too

Posted a link in the Gold thread

Everyones selling pm piling into bitcoin right now

However i still dont trust anything that is not real

Personally i think bitcoin is a setup for what is coming - cbdc's

They want us to embrace bitcoin so we will accept electronic money and eventually surrender our privacy

This has slready been done in china snd increasingly in europe

Anyways just my 2 bits

Whats your opinion on bitcoin?

Quote from: Lokmar on November 11, 2024, 10:03:51 PMThe largest part of why the prices dropped is because people were defaulting and it flooded the market.

Al KA-PAWNE! You're finally sober dipshit!?

Quote from: JOE on November 11, 2024, 02:13:35 PMI bought most of mine when Gold was $2500 or less.....Lokmeer!

Havent made too many gold puchases since Gold shot past $2500/oz. Even if Gold were to fall to $2300 Id still break even eh?

Usually when I buy Gold these days I try to get it at or below spot.

Believe it or not, there are still some legitimate reputable places selling real gold below its market value.

While I got singed a bit on the current  Silver price I bought most of it at or below $30.

Again I try to find deals where I can instead of the established dealers who charge a bit too much.

Anyways I'm in it fer the long haul....Lokmeer!

Im gonna put my stash in storage soon, mothball it & dont touch it for the next 10 years or when the SHTF....Bud!

Actually Lokmeer I think its best to make investments NOW while the dollar or our currencies are still worth something eh?

The longer anyone keeps it in cash its gonna keep depreciating & be worth less n less by year.

TRANSLATED: Buy the Hard Assets now before Inflation eats away at your dollar and they become too Expensive

Anyways thats my strategy primarily cuz I was around during the 1970s and I witnessed how inflation ate away at our purchasing power & many things become more expensive

Regardless of who is in the White House I think we'll see a repeat of the 1970s with the latter part of the decade seeing a resurgence in inflation just like it did 50 years ago

Idiot, gold is heading to $2500/oz and silver below $30/oz. You shoulda sold when I told you to and took some profits, then bought back in at the on sale price like I'm going to.

You fukin dumb ass!