Financial Meltdown!

hehe.. yup.

The we just had a bunch of old jewellery laying around.. WHO KNEW IT WAS WORTH SOMETHING!!!

LOL funny to the max!

Those Cash 4 Gold places are BOOMING right now and for the past couple of years. Im thinking of opening one in Wpg. (more details to come)
There are tons of them in Vancouver (where I am now).

There are also "Gold Parties" where the host gets $100 to supply food and bevies and gets a % of all the gold sales that evening. These are very good home businesses. Its better to sell to them than a Pawn Shop who reallllly rips you off.

I'm heavily vested in Canadian Tire Money personally.



It's value has remained unchanged since it was issued and it comes in wonderful colours.

Zwicky-Zwacky wrote:Those Cash 4 Gold places are BOOMING right now and for the past couple of years. Im thinking of opening one in Wpg. (more details to come)
There are tons of them in Vancouver (where I am now).

There are also "Gold Parties" where the host gets $100 to supply food and bevies and gets a % of all the gold sales that evening. These are very good home businesses. Its better to sell to them than a Pawn Shop who reallllly rips you off.

Now you are advocating MLM/pyramid scams?

Look some guys must have been buying up some of the deals yesterday and the stock market rebounded 400+ points. That is odd that it dropped and then came back up! Does that happen on a regular basis?

sputnik wrote:

Zwicky-Zwacky wrote:Those Cash 4 Gold places are BOOMING right now and for the past couple of years. Im thinking of opening one in Wpg. (more details to come)
There are tons of them in Vancouver (where I am now).

There are also "Gold Parties" where the host gets $100 to supply food and bevies and gets a % of all the gold sales that evening. These are very good home businesses. Its better to sell to them than a Pawn Shop who reallllly rips you off.

Now you are advocating MLM/pyramid scams?

a GOLD party is an MLM scheme? how so?

I don't know anything about them, but from the ZZ description, it's basically a bunch of people getting together and selling to each other...and a host gets some money for offering their place & time?

Even if it's like a Tupperware setup...I wouldn't really consider that MLM as far as the scam versions go.

no.. not selling to each other.

They all bring their gold
the host tests their gold to determine quality offers them X dollars and sends it in to the company for confirmation.

AGEsAces wrote:

sputnik wrote:

Zwicky-Zwacky wrote:Those Cash 4 Gold places are BOOMING right now and for the past couple of years. Im thinking of opening one in Wpg. (more details to come)
There are tons of them in Vancouver (where I am now).

There are also "Gold Parties" where the host gets $100 to supply food and bevies and gets a % of all the gold sales that evening. These are very good home businesses. Its better to sell to them than a Pawn Shop who reallllly rips you off.

Now you are advocating MLM/pyramid scams?

a GOLD party is an MLM scheme? how so?

I don't know anything about them, but from the ZZ description, it's basically a bunch of people getting together and selling to each other...and a host gets some money for offering their place & time?

Even if it's like a Tupperware setup...I wouldn't really consider that MLM as far as the scam versions go.

The Gold Parties are set up like every other Tupperware, Epicure, Party Lites and Sex Toy party around.

The leaders give a percentage of profits to their referal and try to get people to do the same under them. The math doesn't add up, sellers (other than a few at the top) don't make money and it is basically a scam.

Penn and Teller do a good job of picking them apart.

NSFW (language and blurred nudity)

P&T Bullshit - "Easy Money" - Part One
https://www.youtube.com/watch?v=Y60XdZJG83U

P&T Bullshit - "Easy Money" - Part Two
https://www.youtube.com/watch?v=4m_4S5BtIbk

rosencrentz wrote:Look some guys must have been buying up some of the deals yesterday and the stock market rebounded 400+ points. That is odd that it dropped and then came back up! Does that happen on a regular basis?

Yesterdays last minute rally in the Dow was the Fed injecting money into the market. It was TANKING HARD @ 10600 and then it somehow rallied 640 points to 11240 in an HOUR. There is no way in hell that ANYBODY was buying anything at the end of the day. I was watching it all day. This mysterious team is also referred to as the "Plunge Protection Team"

http://www.rense.com/general52/secretsoftheplunge.htm

many different names for these
mysterious manipulators.

The Powers That Be / The Cartel / The Blyth / or officially -
Working Group on Financial Markets -
http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

this guy is a little goofy, but he is right on the money https://youtu.be/1WurbrIc6mw

Zwicky-Zwacky wrote:There is no way in hell that ANYBODY was buying anything at the end of the day. I was watching it all day.

The big buying and selling is not done by humans but by automated trading systems, as humans are way too slow to respond to millisecond fluctuations of share values. These trading systems are programmed to buy or sell at pre-determined levels, so a few million dollar worth of shares are shuffled around by machines each day. Investment efforts of individual humans have a negligible effect on values, except if there are corporate takeovers and other activities related to being a majority owner.

say........ whats my wedding ring worth on today's gold market?

Based upon your beer-buying efforts today? Ummmm, zero?

I bet it was Harpers millionaires! But who care, because good old Canada TSX was up again today while the USA dropped +500 .

rosencrentz wrote:I bet it was Harpers millionaires! But who care, because good old Canada TSX was up again today while the USA dropped +500 .

mainly because Gold and Silver were flying high again today and there are many mining companies in Canada. Many commodities were up a lot too.

Notice when oild drops, our dollar drops! Strange relationship! I believe that Canada is up to 2,000,000 barrels a day of exports to the USA!

sputnik wrote:

AGEsAces wrote:

sputnik wrote:

Zwicky-Zwacky wrote:Those Cash 4 Gold places are BOOMING right now and for the past couple of years. Im thinking of opening one in Wpg. (more details to come)
There are tons of them in Vancouver (where I am now).

There are also "Gold Parties" where the host gets $100 to supply food and bevies and gets a % of all the gold sales that evening. These are very good home businesses. Its better to sell to them than a Pawn Shop who reallllly rips you off.

Now you are advocating MLM/pyramid scams?

a GOLD party is an MLM scheme? how so?

I don't know anything about them, but from the ZZ description, it's basically a bunch of people getting together and selling to each other...and a host gets some money for offering their place & time?

Even if it's like a Tupperware setup...I wouldn't really consider that MLM as far as the scam versions go.

The Gold Parties are set up like every other Tupperware, Epicure, Party Lites and Sex Toy party around.

The leaders give a percentage of profits to their referal and try to get people to do the same under them. The math doesn't add up, sellers (other than a few at the top) don't make money and it is basically a scam.

Penn and Teller do a good job of picking them apart.

NSFW (language and blurred nudity)

P&T Bullshit - "Easy Money" - Part One
https://www.youtube.com/watch?v=Y60XdZJG83U

P&T Bullshit - "Easy Money" - Part Two
https://www.youtube.com/watch?v=4m_4S5BtIbk

Those MLM scemes ARE a bunch of bullsh1t and im also sick of them.

Gold Parties are different. You are not relying on any sales, but rather buying people's sh1tty old gold jewelry. The people attending are not being pressured to buy anything, but rather they are getting CASH for their missing earrings and other items. Its a win-win situation. Its a lot different. People could go and sell their stuff to a pawn shop or whatever, but why not do it at a friends house which might be easier to get to. Everyone has been hearing that gold has been going up, and when there is a gold party nearby they can finally take advantage of the high prices. Not everyone wants to go down Main St dodging sniffers (sorry, I mean solvent abusers) to go sell some gold.

Anyways, not everything is a scam, and I shouldnt even be on here talking about it because then someone comes and takes my idea. These gold parties have been big already in the US and here in Vancouver. I met a lady at my local pizza joint that went to one and received $400 for a bunch of old crappy jewelry and was so surprised and pleased with getting the extra cash.

only downside of these Gold Parties is the security. The rep who does the buying needs to carry a lot of cash and that could be dangerous.

Peter Schiff is one of the few that go on mainstream media shows and speaks the truth. He has been right on the money. Everything he has been saying has been coming true.

https://youtu.be/pYs1rAZZtE8

I remember when Peter Schiff predicted the mortgage meltdown a year before it happened on Fox News. He was ridiculed and mocked and made to look like a loony.

Bartron wrote:I remember when Peter Schiff predicted the mortgage meltdown a year before it happened on Fox News. He was ridiculed and mocked and made to look like a loony.

yes you are absoluley right. He is STILL mocked and ridiculed. Some days more than others, and on a day when gold hits $1800 they didnt ridicule him today. Search on YouTube "Peter Schiff Was Right" for a highlight clip of all his calls and those loud mouth morons getting "posterized" lol.
I subscribe to a bunch of Peter Schiff channels and always get to watch his appearances on CNBC without having to actually watch CNBC's crap.

Funny thing about the Gold world is that it is ALWAYS BASHED. Makes you wonder why?

Here's one from over a year ago.
http://money.cnn.com/2010/05/19/news/economy/gold.price.collapse.fortune/index.htm

https://youtu.be/DYlEQsvJe9c

actually, did you know that Peter Schiff's dad is Erwin Schiff who is a very interesting fellow also.

His old economic cartoons are pretty neat.

http://www.takelifeback.com/hegawid/

http://www.constitution.org/tax/us-ic/schiff/moltz.pdf

Zwicky-Zwacky wrote:only downside of these Gold Parties is the security. The rep who does the buying needs to carry a lot of cash and that could be dangerous.

That and those selling their gold are getting a small fraction of what it is worth.

A friend of mine sent this to me via e-mail.
I don't really agree with most of it (and usually find Michael Moore to be a biased loon)...but figured it kind of applies to this thread...so figured I'd add it...enjoy.

30 Years Ago Today: The Day the Middle Class Died ...a letter from Michael Moore Friday, August 5th, 2011
Friends,From time to time, someone under 30 will ask me, "When did this all begin, America's downward slide?" They say they've heard of a time when working people could raise a family and send the kids to college on just one parent's income (and that college in states like California and New York was almost free). That anyone who wanted a decent paying job could get one. That people only worked five days a week, eight hours a day, got the whole weekend off and had a paid vacation every summer.
That many jobs were union jobs, from baggers at the grocery store to the guy painting your house, and this meant that no matter how "lowly" your job was you had guarantees of a pension, occasional raises, health insurance and someone to stick up for you if you were unfairly treated.
Young people have heard of this mythical time -- but it was no myth, it was real. And when they ask, "When did this all end?", I say, "It ended on this day: August 5th, 1981."
Beginning on this date, 30 years ago, Big Business and the Right Wing decided to "go for it" -- to see if they could actually destroy the middle class so that they could become richer themselves.
And they've succeeded. On August 5, 1981, President Ronald Reagan fired every member of the air traffic controllers union (PATCO) who'd defied his order to return to work and declared their union illegal. They had been on strike for just two days.
It was a bold and brash move. No one had ever tried it. What made it even bolder was that PATCO was one of only three unions that had endorsed Reagan for president! It sent a shock wave through workers across the country. If he would do this to the people who were with him, what would he do to us?
Reagan had been backed by Wall Street in his run for the White House and they, along with right-wing Christians, wanted to restructure America and turn back the tide that President Franklin D. Roosevelt started -- a tide that was intended to make life better for the average working person. The rich hated paying better wages and providing benefits. They hated paying taxes even more. And they despised unions.
The right-wing Christians hated anything that sounded like socialism or holding out a helping hand to minorities or women. Reagan promised to end all that. So when the air traffic controllers went on strike, he seized the moment.
In getting rid of every single last one of them and outlawing their union, he sent a clear and strong message: The days of everyone having a comfortable middle class life were over. America, from now on, would be run this way:
* The super-rich will make more, much much more, and the rest of you will scramble for the crumbs that are left.
* Everyone must work! Mom, Dad, the teenagers in the house! Dad, you work a second job! Kids, here's your latch-key! Your parents might be home in time to put you to bed.
* 50 million of you must go without health insurance! And health insurance companies: you go ahead and decide who you want to help -- or not.
* Unions are evil! You will not belong to a union! You do not need an advocate! Shut up and get back to work! No, you can't leave now, we're not done. Your kids can make their own dinner.
* You want to go to college? No problem -- just sign here and be in hock to a bank for the next 20 years!
* What's "a raise"? Get back to work and shut up!
And so it went. But Reagan could not have pulled this off by himself in 1981. He had some big help:The AFL-CIO.
The biggest organization of unions in America told its members to cross the picket lines of the air traffic controllers and go to work. And that's just what these union members did. Union pilots, flight attendants, delivery truck drivers, baggage handlers -- they all crossed the line and helped to break the strike. And union members of all stripes crossed the picket lines and continued to fly.
Reagan and Wall Street could not believe their eyes! Hundreds of thousands of working people and union members endorsing the firing of fellow union members. It was Christmas in August for Corporate America.
And that was the beginning of the end. Reagan and the Republicans knew they could get away with anything -- and they did. They slashed taxes on the rich. They made it harder for you to start a union at your workplace. They eliminated safety regulations on the job. They ignored the monopoly laws and allowed thousands of companies to merge or be bought out and closed down. Corporations froze wages and threatened to move overseas if the workers didn't accept lower pay and less benefits.
And when the workers agreed to work for less, they moved the jobs overseas anyway.
And at every step along the way, the majority of Americans went along with this. There was little opposition or fight-back. The "masses" did not rise up and protect their jobs, their homes, their schools (which used to be the best in the world). They just accepted their fate and took the beating.
I have often wondered what would have happened had we all just stopped flying, period, back in 1981. What if all the unions had said to Reagan, "Give those controllers their jobs back or we're shutting the country down!"? You know what would have happened. The corporate elite and their boy Reagan would have buckled.
But we didn't do it. And so, bit by bit, piece by piece, in the ensuing 30 years, those in power have destroyed the middle class of our country and, in turn, have wrecked the future for our young people.
Wages have remained stagnant for 30 years. Take a look at the statistics and you can see that every decline we're now suffering with had its beginning in 1981 (here's a little scene to illustrate that from my last movie).
It all began on this day, 30 years ago. One of the darkest days in American history. And we let it happen to us. Yes, they had the money, and the media and the cops. But we had 200 million of us. Ever wonder what it would look like if 200 million got truly upset and wanted their country, their life, their job, their weekend, their time with their kids back?
Have we all just given up? What are we waiting for? Forget about the 20% who support the Tea Party -- we are the other 80%! This decline will only end when we demand it. And not through an online petition or a tweet. We are going to have to turn the TV and the computer and the video games off and get out in the streets (like they've done in Wisconsin). Some of you need to run for local office next year. We need to demand that the Democrats either get a spine and stop taking corporate money -- or step aside.
When is enough, enough? The middle class dream will not just magically reappear. Wall Street's plan is clear: America is to be a nation of Haves and Have Nothings. Is that OK for you?
Why not use today to pause and think about the little steps you can take to turn this around in your neighborhood, at your workplace, in your school? Is there any better day to start than today?
Yours, Michael Moore
MMFlint@aol.com
MichaelMoore.com

P.S. Here are a few places you can connect with to get the ball rolling:
Showdown in America
Democracy Convention
Occupy Wall Street
October 2011
How to Join a Union, from the AFL-CIO (They've learned their lesson and have a good president now) or UE
Change to Win
MoveOn
High School Newspaper (Just because you're under 18 doesn't mean you can't do anything!)

I should have stopped reading when I read...

"a letter from Michael Moore"

Ha ha...and you didn't stop reading???? tsk tsk tsk (do you realize that this will go down on your 'permanent record' eh.)

JTF wrote:Ha ha...and you didn't stop reading???? tsk tsk tsk (do you realize that this will go down on your 'permanent record' eh.)

I will kill those brain cells with beer when I get home from work.

No big surprise, but I couldn't agree more with Moore in this case. The Have's and Have More's are quickly creating an economic climate that is the equivalent of modern day serfdom for the masses. Of course it's the only possible outcome when you have a world financial system that is little more than a Ponzi scheme. The sh1t will really hit the fan when the majority wake up and realise this fact. It's only a matter of time untill the house of cards comes tumbling down.

uhhhg, Im so sick of the "go get the evil bad greedy rich" talk lately. Many "rich" families are actually just upper middle class. If you have a few kids, a couple cars then $150,000 isnt living large, but you are comfortable and surviving.

I agree that there is a separation between the rich and poor though lately. The economy is TOAST! Unemployment is actually MUCH higher than todays way of calculating "unemployment"
http://www.shadowstats.com/alternate_data/unemployment-charts


But people are milking the system and they want more and more.

Lobster & Steak Food Stamp Receipt
http://urbanlegends.about.com/od/government/ss/Lobster-Steak-Food-Stamp-Receipt.htm

Sheeple: Government Handouts = 35 Percent Of U.S. Wages, But For Michael Moore, That Is Not Nearly Enough
http://www.dailymarkets.com/economy/2011/03/09/sheeple-government-handouts-35-percent-of-u-s-wages-but-for-michael-moore-that-is-not-nearly-enough/

"Considering the fact that this figure was only 21 percent back in the year 2000 and only 10 percent back in 1960 that is very frightening."


Food stamp use rises to record 45.8 million
http://money.cnn.com/2011/08/04/pf/food_stamps_record_high/index.htm
"NEW YORK (CNNMoney) -- Nearly 15% of the U.S. population relied on food stamps in May, according to the United States Department of Agriculture."

But thats not good enough!

The have-nots are attacking successive people who have worked hard for where they have gotten in their life. They need to focus there attention elsewhere-

Why dont more corporations pay taxes. THAT is what needs to be ASKED!


GE's corporate tax bill: Zero
The company didn't pay any US taxes in 2010. In fact, it got a tax benefit of $3.2 billion.
http://money.msn.com/top-stocks/post.aspx?post=d715c70d-f0d0-4474-8223-2949588e90f6

The top corporate tax rate is supposed to be 35% -- one of the highest in the world. But few companies actually pay that rate, since there are myriad loopholes and other ways to get breaks. Now, the Times reports, only 6.6% of Uncle Sam's tax revenue comes from corporations (down from 30% in the 1950s).[b]