http://www.sott.net/articles/show/177021-Cutting-through-the-illusion-The-Grand-Chessboard


"Buy the truth, and sell it not." - Proverbs 23:23

Who is willing to pay the steep price for Truth?

Tuesday: #5 is the consumer...racking up debt....


What makes me wonder about this one.... we say it was one of the main problems, but I hear Bam saying that one of the main ways we are going to recover is to get debt flowing again????

Every financial advice show I see or hear will tell you, as an individual it is best to pay only in cash, the only debt "allowed" is for your house, even a car should be paid for with saved cash!

Now the big stimulus is to get lenders lending and debtors debiting again??? I am truly concerned about this democratic 'new deal'....

Czuch: Nope. That is not true. The truth is to be fully aware before you make any purchase based on credit. Not only taking note of the interest rates, but of the small print as well. This applies to all purchases on credit including houses.

2) know your rights. EG some stores over here will say that they need a receipt as proof of purchase before exchanging faulty equipment. But the law states differently, something I have used in the exchange of faulty goods many times and even made them get the manager down if they try to argue.

3) You are by rights allowed to cross out terms in a contract if you feel they are unfair before you sign, it might mean that the other side might not sign. But better that then signing a contract that is against your interests and lead to you ending up in dooo dooo at the end of the day.

If the lending is sensible then what is your problem with it? No more 100% mortgages, no more stupid rates of interest, and the banks to be responsible and not to blindly invest money in dodgy schemes.

Tuesday: It's the I want it now attitude.. Fine if the deal is sweet, fine if you like some push for extras on the deal. But just watch out for the small print.

Tuesday: Yep. They hook you in then hit you with... um .. um lots of messy stuff. But...... At least over here they have clamped down on some of the rip offs, like charging you £20 for being a little late or for having to send you a letter. People were getting so peeved that the government had to step in and set limits before we stormed and lynched a few people from the financial services industry.

Tuesday: Hey kewlness.. at least one good thing about the O

Tuesday: and you would think if a person can make payments they can save money every month....there is something human about that that doesn't work lol


Thats my point, the best advice is to save the money and then make the purchase, not make it on credit.

One problem is that people end up buying more than they need or can afford when credit is employed.

Maybe it is a bit different with business.... but my advice is if you cant pay cash fro it, you cant afford it or it is more than you really need.

(V): No more 100% mortgages,

I have two 100% mortgages.... whats wrong with them?

Czuch: now havent your last 2 posts contradicted themselves....in one you say pay cash and in the other you have massive mortgages.

I paid cash for my home, not mortgages here and if I wasn a new "anything" I save for it LOL...so I agree with you there.....but your statements are confusing, or rather contradictory.

Bernice: Read closer... i said except for mortgages, those for most people, are the only credit they should use.

Paying cash for a new home would take most people so long to save for they would never have a new home, one reason is that you have to pay rent as well as try to save for a place to live, which makes no sense, when you can just have no rent payment and pay for a home mortgage. But most other things dont work quite the same way.

Looks like Bams plan to socialize us and to end the free market capitalism which has gotten us from newbie country to world superpower in a couple hundred years, is working and is well on its way!

I hope you liberals were smart enough to pull all your money out of the stock market before you endorsed such a plan???? Because it is quite obvious that socialism and the stock market are like oil and water.....

Czuch: Also, a home is not only a place to live, and for only a bit more than renting, but it also increases in value over time, not to mention, what bank is going to lend you 200k to put into the stock market or anything else for that matter? Its the best investment that a loan can buy!

Study after study over the past several decades has shown how countries that spend more produce less, while nations that tax less produce more. Obama is doing it wrong on both counts.

Czuch: he's trying to clean up crap left by former presidents

Tuesday: I'm going to stimulate it tomorrow by hitting the outlet mall! Tommy Hilfiger here I come!!!!

anastasia: he's trying to clean up crap left by former presidents


seems to be working... NOT!!!

Tuesday: You two will let me know when you get a check from Bam to help you stimulate, okay?

Czuch:Politicans ignore these facts because they are more interested in power than they are in actually helping people.  BOB (BarakOBama) says he'll cut the deficit in half.  Big woop.  He just doubled it so that basically means he's going to do nothing about it. 

He also makes promises and then breaks them right off.  And lies.  In his speech he claims that "no earmarks" could be found in the stimulus package.  What a crock.  That's a bold face lie and only an idiot will not see through it.  Unbelievable. 

Tuesday: There are plenty of professional investors on wall st. who make a living betting on the future... Im just glad i didnt bet my last dollar on his recovery plan... if you have such faith, and anyone who does, should be putting their money where their mouth is, but until you tell me you are putting your savings into the stock market, I dont believe you really have any more belief in the chosen one as I do?

Czuch: I don't NEED a check from him thanks...doing just fine here

anastasia: well, you must be part of the top 10% of income earners then...

Czuch: not at all...I'm just smart with my money :)

Tuesday: Certain sources, however, state the baby boomer generation as someone born from as early as 1944 and ending at 1959 or 1960.
thats what I found..does this seem right?? I'm gen X baby,yeah,lol

Tuesday: you have a lot to learn about the stock market.... let me explain one thing... the stock market prices into the future... have you ever heard the term buy on the rumor, sell on the news?

Basically that means that the stock market has already factored in the past and what happens today on the stock market is a reflection of their pridiction of the future.

Everything that has to do with housing and banks etc, has already been factored into the stock market long ago, and may or may not have to do with Bush, but what is happening right now, is that the stock market is factoring in what they think is the future, and it isnt promising... since Bam the past month has been the second worse for the stocks since the great depression!

Believe me, its not partisan to say it...... if the stock market liked Bams plans for this country, if they thought it would be a good thing over all for stocks, then the market would be souring right now... remember buy on the rumor and sell on the news... the rumor right now is not good, and if it was, by the time the average American figured it out, you would have already missed the boat, so to speak.

Czuch: right now is a buyers market

anastasia: Yeah, such a buyers market that you are dumping all your money in it???

Tuesday: Coffee can is a good idea...

anastasia: It seems like a buyers market, and normally after a good correction I would agree with you.... but we had a good correction, then an election and now a new plan for the future... like I said, the market is way ahead of the curve, if the pros thought this was a good plan for stocks, the market would be going up already... remember, buy on the rumor, sell on the news... by the time you figure out the economy is doing well, the pros are already selling it off..... right now, its more like sell on the rumor and buy on the news maybe?

Czuch: I started investing right after 9-11..thanks for asking

anastasia: looking good now huh?

Czuch: I'm fine,thanks again for your concern..I am very diversified in my portfolio..a lil here,a lil there....where one fails,the others make up for it

Tuesday: scratch off!!? I LOVE THOSE THINGS! lol....the market isn't for everyone,thats for sure..if ya dont know what your doing,then you can get into alot of trouble..my advice..if you don;t feel comfortable with it,then don't invest into it...there are other options,like bonds and stuff like that that is ALOT more tame then the market,lol

...was my brain. And look where that got me? lol

Tuesday: I use someone..known him for years,yes,it would be advisable to go to someone to TALK to them...never ever ever let them pressure you to do anything..if they do,you say thank you and get up and leave because that is not the type of person ya wanna deal with.